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New Government Rules ( Fannie Mae )

Effective on January 26th New Government (Fannie Mae) Rules to go into effect.

How does this effect you the Seller:  You put your house on the market, you had picked an agent who helped you determine that the best price to list your home for was $250,000, you found a buyer willing to pay that price. The Appraiser comes to the home and agrees your home is worth the asking price and writes their report. Everything is working perfectly!  Your Buyer is happy they found their dream home, in the right neighborhood, in the right school district, with the perfect yard, at the high end of their budget, but all the pluses are worth it. Both parties agree on a price and the buyers now start daydreaming about living in their New Home.

What happens after January 26th?

The lender submits the appraisal report to the new Fannie Mae program and they come back with "lower-risk comps" that value the home at $230,000....

Still on the Fence, Here is some Market History to Help

I want to give you a little bit of history on home prices and the housing market, followed up with a little bit of what the experts predict is going to be taking place over the next few years.

In many areas across the country in early 2014 we were seeing a positive in the housing market and predictions that all is looking good for the future, well over the last few months those areas are down a little bit from where they were but this doesn't mean prices are falling, it simply means appreciation isn't as high as it was earlier in the year.  It also means they're not increasing at the same levels that they were.  The overall outlook for the coming years is still looking very positive. Housing prices are edging up and many people that were upside-down with their equity are now seeing a return on their investment.  From September of 2013 till September of 2014, housing prices are up over 4.5 percent, a little lower from January but still looking good....

Do you think we are in a Sellers Market

For the last several years, home sellers had to compete with huge inventories of distressed properties causing them to sell at discounted prices or hold, in hopes that the market will change.  The great news is that the supply of these properties is falling like a rock off a mountain, in a large majority of US housing markets.  Many homeowners are now thinking of selling as the impact of this substantially discounted competition has all but disappeared. However, every seller of an existing residential property must realize that now with the shortage of pre owned homes that sellers are now in strong competition with the new home construction market.

According to the National Association of Home Builders, new home sales in August were up the highest since 2008. Builders are seeing increased traffic and more serious buyers due to in part, to buyer frustration, in finding pre owned homes and competing with multiple offers...

Valley Ranch Homes for Sale in Irving Tx

Valley Ranch in Irving TxFinding the perfect location to purchase a home can be a challenging and exciting experience. When investing in real estate, it's important to choose an affordable home without sacrificing the features that you truly desire. Valley Ranch offers the perfect setting of quality homes in a vibrant community.

The neighborhood of Valley Ranch is located in Irving along MacArthur Boulevard and north of highway 635. Over 30,000 residents occupy 4,100 single family home and 21 multifamily housing units. This community prides itself on establishing and maintaining specific core values including environmental protection, volunteerism, fiscal responsibility, and informed decision making. Read More

Homes for Sale in Valley Ranch in Irving...

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