Real Estate Information Archive

Good Monday morning to you!

I just returned from a conference with 200 of the top agents in the country. Its always good to be around the best of the best, and I hope to put to use the knowledge learned for my current and future clients.

One thing to keep in mind at this time is investing in an income producing piece of Real Estate. I feel its the perfect storm - low rates and a good amount of inventory. When these rates swing upward (and they will), the lease market is going to be on of the best we've ever seen. Let me know if you would like to discuss some possibilities for yourself in this matter.

Also, I've launched a new site. Know someone that is having a hard time with their mortgage? They may qualify for a "short sale". A short sale is when the lender will accept less than what is owed on the mortgage. If someone you know would like to explore the possibility of a short sale for their property, avoid foreclosure, and potentially save their credit rating, please forward the link below.  http://www.texomaforeclosure.com/ 

If I can serve you or anyone you may know this week, please let me know.

The greatest discovery of my generation is that man can alter his life simply by altering his attitude of mind.James Truslow Adams

Good morning to you!

Below you will find this week's list of available foreclosed/bank owned properties in Wichita Falls. Please let me know if I can set up a time for you to preview any of these.

4803 Shenandoah - $130,000 - 4 bed - 2 bath - 0 Lot Line - Needs carpet and paint. Bid deadline is Nov 12 @ 11:59 pm.

4822 Rhea Road - $105,300 - Just reduced nearly $12,000 - 3 bed - 2 bath - 1729 square feet.

1701 Tilden - $123,000 - 2000 sq ft - 4 bed - 2 bath -with back apartment.

1708 Tilden - $74,250 - reduced from $105,930 - 4 bed - 2 baths - 274 square feet.

4918 Silvercrest - $258,500 - 4 bed - 3 bath - 3 garage. Great home near the stadium in Swest Wichita Falls.

2304 Doris - $93,900 - Near Sheppard Air Force Base - 4 bed - 2 bath.

1579 Singleton - $137,500 in Edgemere - 4 bed - 2 bath

The data relating to real estate for sale on this website comes in part from the Wichita Falls Association of Realtors Multiple Listing Service. Information is deemed reliable but not guaranteed.

Email me at ashton.gustafson@gmail.com to set up a time to preview any of these. Subscribe to a weekly list @ www.TexasBankOwned.com

Looks like there are some great buys this week. Let me know if I can set up a time for you or anyone you may know to preview the homes below.

4918 Silvercrest - $258,500 - 4 beds - 3 baths - 3 garage

4822 Rhea Road - $117,000 - 3 bed - 2 bath - 2 garage. Bid deadline is daily @ 11:59 pm.

1701 Tilden - $123,000 - 4 bed - 2 baths - Backyard Apartment - Just reduced $26,000.

2907 Lawrence - $43,900 - 3 bed - 2 bath

4803 Shenandoah - $130,000 - 2251 square feet - 4 Bed - 2 Bath - 2 Garage - Bid deadline is November 12 @ 11:59 pm.

Hope all is well and I look forward to hearing from you.

Good Monday Morning to you!

The Autumn weather the last few days has been beautiful, and it looks like this week will offer the same.

See link below for this week's video update.

Remember these sites:

www.TheFallsHomeFinder.com - For Buyers

www.TexomaHomeValue.com - For Sellers

www.TalkRealty.com/AshtonGustafson - Market Update

If I can serve you or anyone you may know this week, please let me know.

"Many of life's failures are people who did not realize how close they were to success when they gave up." Thomas Edison

Good Monday morning to you and Happy Labor Day!

Its hard to believe that we are now 2/3 into 2009. 1st Time Home Buyers now have roughly 90 days to find a home and close before the Tax Credit expires. I saw rates this week hit 5.25% FIXED for 30 Years with local lenders this week - its time to capitalize on this opportunity.

And don't forget my Stimulus Package for buyers! I have negotiated discounts with numerous local vendors to make your next move affordable and stress free. Call or email me if you would like more details.

I hope you and yours have a great Labor Day Holiday - and if you're free this Thursday from 5:30 - 7:00, Kevin Rhine and I will be playing the Summer Music Series @ The Museum at Sikes Lake - should be a great time!

Need quick answers in regards to Real Estate? Remember these sites:

www.TheFallsHomeFinder.com - For Buyers

www.TexomaHomeValue.com - For Sellers

www.TexasBankOwned.com - Foreclosed Properties

www.talkrealty.com/AshtonGustafson - Market Update

"Never will I be of concern that my goals are too high, for it is it not better to aim my spear at the moon and strike only an eagle than to aim my spear at the eagle and strike only a rock?" Og Mandino

Good Monday morning to you!

This past week was favorable for rates as we saw many local lenders offer rates again below 5.375 on a 30 year fix.

I encourage you to listen to my Pod Cast this month to hear about many things affecting the Real Estate sector.
Here I discuss the 1st Time Home Buyer Tax Credit and other useful information.
Click www.TalkRealty.com/AshtonGustafson to listen.

Have you thought about investing? I've found many great buys lately that would make great rentals.
Click www.TexasBankOwned.com to have them sent to you each Wednesday.

Wondering about the homes for sale in your neighborhood? You can find them all at my buyer's only site.
Click www.TheFallsHomeFinder.com for every home for sale in the Greater Wichita Falls MLS.

If I can serve you or anyone you may know this week, please let me know - I'm here to help.

"Where there is charity and wisdom, there is neither fear nor ignorance." Francis of Assisi

2939 Loma Linda - $179,900

Bank Owned! Will do 100% financing with approved credit - fixed @ 5.25% APR.

Open floor plan. Granite counters. Center island. Isolated master. Handicap accessible. Rear entry. Great location in the heart of Wichita Falls. Near shopping, schools, churches, mall, grocery, etc.

Call 940.224.0881 for an appointment today.

There is currently a 6 month inventory of homes available for Wichita Falls. Now some price ranges may differ, but for the entire community - it rests at 6 months. This is a stunning figure, when you consider the entire face of the nation's economy right now. A 6 month inventory, is what Real Estate economist believe is the best figure to have. If you are considering buying a home in Wichita Falls, please see www.TexomaListings.com . There are some many reasons why now is a great time to buy - federal tax credits - city first time home buyer plan - great inventory of homes, just to name a few.

If you are considering selling, see www.TexomaHomeValue.com - I have been very successful this year, selling my own listings - if you are interested in how I can help you sell your home in the lease amount of time, with the least amount of hassles, and for the most money - call me at 940.224.0881.

Ashton Gustafson - Realtor

1916 N. Elmwood Ave

Wichita Falls, TX 76308

Numerous people have been calling and emailing with questions and concerns about the local Real Estate economy of Wichita Falls. Fortunatley, we find ourselves in a very protected part of the country that is not dealing with what the other parts of America are dealing with.

Our January numbers were essentially identical to a year ago, and we are seeing numerous buyers and sellers have success in their transactions. Interest rates continue to stay at historical lows, and the inventory of homes is as good as its ever been.

If you are considering a home purchase in the Wichita Falls area, please see www.TexomaListings.com . This site has become the best site for Wichita Falls buyers and you will see why. It emails you every home within your criteria, and then every morning emails you the last 24 hours of activity within your price range.

If you are considering selling a home in the Wichita Falls area, please see www.TexomaHomeValue.com . You will receive a CMA within 48 hours of submitting your information.

If you have any other questions, please call me at 940.224.0881.

Short Sales offer the homeowner many more benefits than going through a Foreclosure.  In the case of a short sale, the benefits to the homeowner are:

• Only late payments on the mortgage show on a credit report and after the sale of the home, the mortgage will be reported as paid or negotiated.  This could lower a homeowner’s credit score by as little as 50 points if all other payments have been made.  The affect of a short sale can be as brief as 12 to 18 months.
• A Short Sale is not reported on a credit history.  There is no specific reporting item for ‘short sale.’  The loan is typically reported as ‘paid in full, settled.’ 
• A Short Sale on its own does not challenge most security clearances whereas a foreclosure does.
• A Short Sale is not reported on a credit report and is therefore does not present a challenge to employment.
• In some successful short sales it is possible to convince the lender to give up the right to pursue a deficiency judgment against the homeowner, (i.e., payment of the shortfall or the difference between what was owed and what the bank received.)
• Under the Mortgage Forgiveness Debt Relief Act of 2007, if a deficiency is forgiven or cancelled, the home is a principal residence, and it is worth less than $2 million, the tax on the deficiency will be forgiven.  This benefit applies to homes that are the subject of a Short Sale and a Foreclosure.

Click the links below for more details about The Mortgage Forgiveness Debt Relief Act of 2007

• A homeowner who successfully negotiates and closes a short sale will be eligible for a Fannie Mae backed mortgage after only 2 yrs.

• An Investor who successfully negotiates and closes a short sale will be eligible for a Fannie Mae backed investment mortgage after only 2 years.

If you feel you are near foreclosure, please contact me, Ashton Gustafson of The Bishop Group.  I can help you decide what your options are and explain what is in your best interest.