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Irving 75062 Homes For Sale April 2010 Market Update

Irving 75062 Homes For Sale April 2010 Market Update.

April saw 32 Irving 75062 Homes For Salesold. These Irving 75062 Homes For Sale were single - family homes, condos, duplexes and townhomes.

January 2010 = 17 Irving 75062 Homes For Sale sold

February 2010 = 21 Irving 75062 Homes For Sale sold

March 2010 = 27 Irving 75062 Homes For Sale sold

April 2010 = 32 Irving 75062 Homes For Sale sold

When compared to the same time last year (2009), Irving 75062 Homes For Sale sold 31 homes. Irving 75062 Homes For Sale saw an increase of .96% from the previous year.

The lowest priced home sold for $39,500 in Irving, TX 75062. This house was build in 1982 with 1 bedrooms and 1 bath. It took 27 day to sell.

The highest priced home was sold in Irving, TX 75062 for $450,000 - This house has 5 bedrooms, 4.1 full bathrooms, with a pool and 7 car garage with 4,429 square feet. It took 90 days to sell.

The average Irving 75062 Homes For Saleis $118,857, a 3 bedrooms, 2 bathrooms, 1,657 square feet. The average price per square feet is $70/sq.ft. The average days on market fto sell is 115 days.

There are 176 Irving 75062 Homes for Salein mid-May 2010. A Irving 75062 Home For Salewith 2 bedroom, 1 bathroom with 851 square feet priced at $53,900 to a Irving 75062 Home For Sale with 4,700 square feet priced at 699,900 million.

                                                                               

 

Irving, TX 75062 had 43 homes under contract for April 2010. When compared to the same time last year (April 2009), Irving TX, 75062 saw 13 homes went under contract.

To see all Irving 75062 Homes For saleclick one of the links below. For more information on Irving 75062 homes for sale or information about the community email me at [email protected]. or call me directly at 214-289-6176. I would love to hear from you!!

Irving Homes For Sale under $100,000
Irving Homes For Sale $100,000 to $150,000
Irving Homes For Sale $150,000 to $200,000
Irving Homes For Sale $200,000 to $250,000
Irving Homes For Sale $250,000 to $300,000
Irving Homes For Sale $300,000 to $400,000
Irving Homes For Sale $400,000 plus

Pat O'Reilly

I can be reached at 214-289-6176 or email me at [email protected]. I work all of Dallas Fort Worth and I am available to help you relocate anywhere in this great area. (Irving, Coppell, Grapevine, Euless, Lewisville, Carrollton, Dallas, Fort Worth and all surrounding Areas)

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Is it Smart To Wait???

The big debate is should I wait to buy that home?? If I own a home now should I stay or should I go???

A recent article from Time that may help your decision! Titled ......

Ignore the Headlines By Dan Kadlec

Dan talks about stocks and Home Buying. Here is what he says about the housing market....

As for housing, certainly some skepticism is in order. Formerly sizzling markets in Florida, Nevada, Arizona and California probably haven't seen the worst headlines just yet, though they may well be close. And "jumbo" mortgages, those more than $417,000, are likely to remain artificially high for a few more months while banks work through their credit issues.

But let's say you are emotionally ready to be a homeowner. You have good credit, plan to stay put for five years and have been waiting for the perfect entry point. It's time to get serious--before an inevitable rise in interest rates wipes out your advantage. "The thing that will make home prices stop falling is the very same thing that will push mortgage rates higher," says Jim Svinth, chief economist at mortgage firm Lending Tree. So anything you gain by a further drop in prices might be offset by rising financing costs.

Consider a typical home that sells for $218,900. You put down 20% and get a 30-year fixed-rate mortgage at today's rate of 5.5%. Monthly principal and interest come to $994.31. Let's say that 12 months from now the same house goes for 10% less, or $197,010. But by then the recession is history and the Fed is jacking up rates to stem inflation. If mortgage costs rise a point, to 6.5%, your monthly payment would be $994.94 and you'd have saved nothing. Meanwhile, home prices might steady and sellers might become less willing to negotiate. And you have spent a year living someplace you'd rather not be.

It's more complicated if you must sell before you can buy. But that logjam won't persist forever--and if it appears you'll be trapped for a few years, try to refinance at today's lower rates. Risks always seem most acute when the headlines give you ulcers. But that's exactly when you should think long term--and get off your thumbs.

As he says...get off your thumbs. Especially in DFW!! The market is good, employment is good...it is a great time to make the move!! If I can answer any questions about our market let me know!!!

To read the entire article go to....

http://www.time.com/time/magazine/article/0,9171,1713483,00.html

WHAT IS HE THINKING????

I was showing condos in Dallas yesterday. My client is a first time home owner recently graduated from the great UT...the one and only UT...University of Texas that is!!! My client, her mom  and I are having a great time getting to know each other when we arrive at our next condo. The place is a converted apartment complex which seems to be a common thing in the Knox Henderson area of Dallas. As we approach the door we notice a foul smell. The entrance way to this condo has become someone's pet's personal toilet. This was the second worst thing I have seen as an agent. Obviously my clients passed this one up and was completely grossed out...This was not one visit by the pet and seems to have been going on for a while. There is no way the listing agent doesn't know about this!!!

What is he thinking?????

Pato in DFW

Homes for sell in Irving Texas

The city of Irving Texas continues to be the aggressor of first time homeowners and offer grants to mid to low income residents. Depending on the income level of the person and on the number of people in the family, you could be eligible for up to $30,000. Not a bad chunk of change. You must apply for the grant before you sign a contract on a home. There are other stipulations. Look for more information at Fiscal Year 2007-2008 CDBG, HOME, AND ESG APPLICATION or email me and I will send it to you.

Irving was recently named " One of the Most Technologically Advanced Cities in the United States". For more on this award click http://cityofirving.org/news-articles/Digital-Cities.html

Pato in DFW

Feds Lower Rates by Rich Hebert of Lending Edge Mortgage

Rich Hebert Vice President Lending Edge Mortgage Phone: 817-485-4155 Fax: 817-849-8849 [email protected] www.richhebert.com

Fed Lowers Rate by .25 Point – Again 12/11/2007 The Federal Reserve cut its Fed Funds Rate again for the 3rd straight time.  And while this important decision has many implications, there's still some debate among experts about what this means to the economy as a whole. The Federal Reserve has said when it meets again, their bias may be to continue to lower rates and try to hold off any signs of recession.  No one is certain how market volatility and inflation concerns will affect their future policy and decision-making. Bottom line: Take advantage of this opportunity while you still can. Call your customers and let them know that rates are lower so right know is a great time to buy, Rates are at 30 year lows again! If you're looking for a lower interest rate for refinancing or buying a home, this could be your best opportunity.  If you have an Adjustable Rate Mortgage, now is the time to refinance into a fixed-rate loan. If you have a Home Equity Line of Credit (HELOC) or credit cards tied to the Prime Rate, the Fed's cut in the Fed Funds Rate just put a little money in your pocket. Borrowers waiting for a lower fixed-rate mortgage may be waiting for a long time. The chart below clearly shows how Fed Funds Rate cuts do not translate into cuts in fixed-rate mortgages. In January 2001, the Fed Funds Rate was at 6% and 30-year fixed rates averaged 7.03%. By December 2001, following 4.25% in cuts throughout the year, home loan rates were actually up to 7.07%. Yes, we may experience some temporary improvements in rates in the coming weeks, but the markets will remain volatile as long as inflation and recession are a possible threat to the Federal Reserve's long-term economic policies. If you're looking to refinance or buy a new home, call me. I will show you why waiting can cost you a lot of money. Rich Hebert Vice President / Branch Mgr. Lending Edge Mortgage 500 Grapevine Hwy. Suite 402 Hurst, TX 76054 817-485-4155 Office 817-849-8849 Fax 866-536-9299 Toll Free [email protected] www.richhebert.com

Coordinating buying and moving

One of the hardest things to do when you are leasing and looking to buy a house is to try to figure out when you should start the process. Most places want a 60 day notice and will charge you an extra fee if you do not follow this to a tee.

Let’s say that your lease is up June 30^th and its Jan 1^st.

Usually from the time that you sign a contract and it’s accepted it takes 30 to 45 days to close and take possession. This means that to move at the end of June you should have an executed contract by May 15^th to June 1^st. Also to make it even easier for you the buyer, you get a month reprieve from a house payment sooo if you close on your house in June, your first house payment will be August. So even if you close in May, your first house payment would be July. So let’s add the 30 to 45 days to that and you could sign a deal in late March and not have a double payment.

You need to start checking the area you want to be in Mid January. You should actively start looking at homes mid February. From this time on if you see something that knocks your socks off you could still make an offer.

Stay ahead of the move date and save yourself stress and give yourself time to make a great decision!!

Should I wait to list my house when it’s a Seller’s Market??

Sounds like an easy answer……

Recently I heard a different perspective on this question….

Some people are thinking it’s a buyers market and I am waiting for the market to change before I put my house on the market. It does make sense that as a seller you want the market in your favor so that you can get the most money for your home. Sounds good so far….

The twist comes into play because once you sell your house you enter the buyers market. The buyers market is good when there is a lot of inventory on the scene like the market today. As a buyer you want a deal. A lot of inventory gives the buyers choices and sellers that are willing to deal.

If you have to sell and it’s a sellers market you get more for the sell and as a buyer you pay more for your new house. So the extra money you made on the sell in the sellers market you spend when you become a buyer in the sellers market.

Let’s look at the same scenario in a buyers market. You make less on the sale of your house but when you become a buyer you pay less for your new house.

So…do you sell if it's a buyers or sellers market?? The answer is yes. Both make sense. Also throw in rates are good right now… Don’t wait. It make senses either way!!!!

Unethical???

Borderline Ethical????

What duties does a listing agent have to ensure the information that the seller provides is correct?? I recently have two transactions that to me border on being unethical.

House number one states in MLS that the house has had foundation work completed and that there is a lifetime warranty on the foundation. In the area that I am in…Dallas Fort Worth…this is fairly normal due to the clay soil. We write a contract and go into option. The flooring in the master visibly leans and the home inspector suggest a foundation company check it out. After talking to a rep from the company that did the foundation I learn that the work done was interior only and that the interior work is in warranty.  After calling several times the rep admits that the house needs exterior piers and that if exterior piers are added then the warranty on the interior is voided.

House number two also states that the house had foundation work completed and that it also has a lifetime warranty. After writing a contract I call the foundation company to see how the “lifetime” warranty is transferred. The number had been disconnected and no longer at the location stated on the warranty. I have called the listing agent to let him know and to see if there is another number for this company…

Does the listing agent have a duty to make sure what is in MLS is a true statement??

All the more reason you need to KNOW your agent.....

Behind the scenes with the Texas Association of Realtors

What is a REALTOR®? Do you know the difference between a REALTOR® and someone who has a real estate license?? Should you care?? Is there a difference between a Doctor who has graduated and completed his internship...practicing hours on end and someone who has read Surgery for Dummies and wants to operate on you??? Even if it's cheaper??? Who do you want operating on you? The main thing that distinguishes a REALTOR® from someone who's merely licensed by the state to sell real estate is the REALTOR® Code of Ethics, which requires REALTORS® to put their client's interests first at all times. The REALTOR® Code of Ethics was first adopted in 1913 as a voluntary document outlining the professional duties of membership. The code became mandatory in 1924, four years after the Texas Association of REALTORS® was formed. This was an era before licensing was required in many states. Today, the Texas Real Estate Commission is the licensing authority for agents and brokers in Texas. Hiring me(a REALTOR®) means you've retained someone who is committed to continuing education, professionalism, and integrity. This industry is constantly changing and the only way to keep up is through continuing education and by being on the front lines of the industry. As for as integrity goes...read my article on Trust. Do real estate license people continue their education, practice professionalism and have integrity.... I'm sure some do...but why take a chance??? Go with a REALTOR®!!!! Check out the video at the bottom. You can see how the Texas Association of Realtors is looking out for Texas Homeowners... Making Texas Better! View the Trepac Video http://texasrealtors.com/web/7/102/108/video_flash/TREPAC_07.html to see how TREPAC protects your pocketbook, the real estate industry, and homeowners.

Foreclosures

I know with the recent media you are aware that there are foreclosures in Dallas Fort Worth. How can this benefit you. A good Realtor (me) can help you find the right foreclosure for you. There are great deals out there. Some of these foreclosures are fixer uppers...some need very little work. The more work needed the better the price will be. Here is a link to search if you are interested in looking at foreclosures. There are more links available...just let me know and I will send them to you...this is a great time to be a buyer!!!!

http://homesteps.com/homeshopers.htm