Real Estate Information Archive

Wichita Falls Real Estate Market February 2009

Friday, February 13, 2009

by Ashton Gustafson

Thus far 2009 has been an incredible year for myself and the Bishop Team. We have seen no slow down at all in this market, and it is one to be envied by the majority of the country. I have also launched new sites to better serve my clients and the market consumer.

www.TexomaListings.com is a site made strictly for BUYERS in Wichita Falls. This site will send you every home within your criteria and email you each morning with the new activity that has happened in the last 24 hours. If you are a buyer looking in Wichita Falls for a home to buy, this is the BEST site available.

www.TexomaHomeValue.com is a site made strictly for Sellers or those looking to sell. Wonder what you're home is worth today? See this site.

www.TexomaForeclosure.com is a foreclosure prevention site. If you are possibly looking at your home to be foreclosed on, I can help - and this site provides the initial counseling session.

www.TexomaHomeSource.com is a site for of information for anyone interested in the Real Estate market for Wichita Falls.

www.TexomaHomeSource.com/blog is a blog that is used to discuss market trends and city events.

Please call me at 940.224.0881 or email me at ashton@bishoprealtors.com for any questions you may have.

Housing Act in Stimulus Plan

Monday, February 9, 2009

by Ashton Gustafson

Many people have asked about this possible amendment. See link here fore more details. http://isakson.senate.gov/Amdt_106.pdf

If you are considering purchasing a home in the Wichita Falls area, please see www.TexomaListings.com for a list of every home within your criteria.

If you are considering SELLING, please see www.TexomaHomeValue.com for a free CMA for your home.

Wichita Falls Real Estate homes for sale

Housing Bill Passes The Senate - what's next?

Thursday, February 5, 2009

by Ashton Gustafson

Here is an update on the bill that just passed the Senate ....

1.     Provide a direct tax credit to any homebuyer who purchases any home
2.     Amount of the tax credit would be $15,000 or 10 percent of the purchase price, whichever is less
3.     Purchases must be made within one year of the legislation’s enactment
4.     The tax credit would not have to be repaid
5.     The amendment would allow taxpayers to claim the credit on their 2008 income tax return
6.     This only applies to purchases of a principal residence
7.      Recapturing the credit if the home is sold within two years of purchase
8.      Would sunset the current $7,500 housing tax credit on the date of enactment.

This has passed the Senate, but the entire bill still needs to go back to the House and ultimately be signed by the President. Thus, there could be many changes before this happens or this could possibly not pass at all. Nonetheless, it is encouraging for us in the Real Estate industry and for those who are in the market to buy or sell a home today.

Please call or email me with any questions.

Looking for an Investmen Property in Wichita Falls?

Tuesday, February 3, 2009

by Ashton Gustafson

It has become very popular as of late to become involved in the investment side of real estate. I have helped numerous people accomplish all different types of goals in this arena. Some are looking to pay for their childs college, others are looking to start something that will be their retirement, others are looking for an income producing hobby. No matter your reason for looking into this, I can help.

See www.TexomaListings.com - This will give the opportunity to fill out what you are looking for...single family, duplex, apartments? You can find it all here.

If I can answer any other questions about the market or creative financing, please let me know.

Moving - Get Pre-qualified

Monday, January 5, 2009

by Ashton Gustafson

How much home can you really afford? The first step in buying a home is to have a budget and figure out how much you can actually afford. Your agent or lender can help you with this in a couple of ways:

Pre-qualifying process This process will give you a general "estimate" of what you will be able to afford.

Pre-approval process This process will allow your lender to review your finances in more detail in order to determine the amount of money they agree to loan you for your home purchase.

Your lender will review your finances and focus on a few main areas such as:

Gross monthly income
Credit history
Amount of outstanding debts
Source and amount of money available for down payment and closing costs
Interest rates, etc.

All these things put together will help your lender determine two important qualifying ratios.

Debt-to-Income Ratio Generally the amount of debt you pay each month should not exceed 36 percent of your gross monthly income
Housing Expense Ratio Most lenders will not approve your loan if the mortgage payment exceeds 28 to 33 percent of your gross monthly income

These are the first steps in determining how much you can afford when purchasing a new home. For more mortgage and finance information feel free to visit Texoma Home Source

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Interest Rates Fall Again!!!!

Tuesday, December 16, 2008

by Ashton Gustafson

30 Yr rates dropped to 4.875% this afternoon on conventional 30 yr fixed. 30 day locks. Improvement in government rates expected this afternoon. This is essentially as good as it will ever get.

If you have your eye on a home or homes that you would like to preview, please call/text me ASAP @ 940.224.0881.

Remember www.TexomaListings.com for all properties in the Wichita Falls area for sale!

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Wichita Falls MLS Stats

Tuesday, December 16, 2008

by Ashton Gustafson

Wichita Falls MLS Statistics for November 2008

Total Sales Closed - 86

Sold Dollar Volume - $10,071,125

Average Sales Price - $117,106

Averge Days on Market - 78

When I see these stats, I see opportunity. From a buyer's perspective this is THE TIME TO BUY. I do not say this to inflate reality, I say this - because it is reality. Rates are now at an all time low and I have numerous properties that are for sale at great prices - prices we may never see again.

Remember, www.TexomaListings.com for Buyers and www.TexomaHomeValues.com for Sellers.

I am continuing to sell property every week - for results, please call me @ 940.224.0881.

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