1. All time low interest rates
2. Free government money for first time home buyers and existing home owners
3. The market is at the bottom of the curve starting to climb up in value (Fast Equity Building)
4. Real Estate is a direct hedge against inflation (expectation of high inflation in the next few years)
Call me when you are ready to make a move, let’s grab a cup of coffee and talk about your next home!
1.25.2010
The Big Picture of 2009 Amarillo Real Estate
JANUARY - DECEMBER 2009
(Single-family homes)
2008 2009 % Change
Closed sales 2870 2650 < 7.6%>
Sales Volume $403,962,376 $373,253,919 < 7.7%>
Ave Sales Price $142,841 $141,976 <0.1%>
Homes for Sale 1405 1261 <10.3%>
The above figures were compiled by Prudential Ada, REALTORS using Amarillo Association of REALTORS MLS data.
As expected, home sales fell in 2009 as a result of declining economic conditions, changing mortgage loan requirements and higher levels of unemployment.
Favorable factors influencing home sales include Federal tax credits for first-time homebuyers and repeat buyer having owned their homes for 5 years. Lower mortgage rates have enhanced affordability and national economic factors appear to be improving.
Looks like a bright 2010 Ahead! NOW is a fantastic time to purchase a home with super low interest rates, the federal stimulus money available until April 30, 2010, and the Market being on the bottom of the curve. Great time to make a strong equity purchase!
Call me when you are ready, lets grab some coffee and talk about your next home!
(Single-family homes)
2008 2009 % Change
Closed sales 2870 2650 < 7.6%>
Sales Volume $403,962,376 $373,253,919 < 7.7%>
Ave Sales Price $142,841 $141,976 <0.1%>
Homes for Sale 1405 1261 <10.3%>
The above figures were compiled by Prudential Ada, REALTORS using Amarillo Association of REALTORS MLS data.
As expected, home sales fell in 2009 as a result of declining economic conditions, changing mortgage loan requirements and higher levels of unemployment.
Favorable factors influencing home sales include Federal tax credits for first-time homebuyers and repeat buyer having owned their homes for 5 years. Lower mortgage rates have enhanced affordability and national economic factors appear to be improving.
Looks like a bright 2010 Ahead! NOW is a fantastic time to purchase a home with super low interest rates, the federal stimulus money available until April 30, 2010, and the Market being on the bottom of the curve. Great time to make a strong equity purchase!
Call me when you are ready, lets grab some coffee and talk about your next home!
1.11.2010
They say its a wast of time...I want to prove them wrong!
Social Media and Real Estate...
I was recently part of a discussion with a large group of Realtors talking about social media "SM" and real estate. With the recent economic downturn it seems that everyone's looking for new ways to reach targets and SM entered the conversation. Immediately there was a definite division in the group between realtors that thought SM was a valuable tool and Realtors did not. Two other Realtors and I were pro SM vs. about 28 Realtors that thought it was a waste of time and effort. The anti SM group brought up the old adage "it’s all about who you know". Now I agree with the statement but I feel that there is a huge amount of leverage that you can take advantage of utilizing SM. After going back and forth about using SM as a tool to market real estate (which I constantly utilize) the question was asked, "has anyone in the room ever represented a client in purchasing or selling a home that was generated by social media?" The answer "no…" and therefore they said it was a waste of time and SM will not help your real estate business as an agent. By this time I REALLY wanted to prove them wrong. 
So here is the challenge....If you help me find a buyer or seller through Social Media that completes a successful real estate transaction I will donate my full commission; 1/2 to a charity of your choice and the other 1/2 to the Amarillo Young Professionals (Non Profit Organization).
I want to prove the value of Social Media in the Real Estate Business and I am willing to put my money up to make it happen!
I was recently part of a discussion with a large group of Realtors talking about social media "SM" and real estate. With the recent economic downturn it seems that everyone's looking for new ways to reach targets and SM entered the conversation. Immediately there was a definite division in the group between realtors that thought SM was a valuable tool and Realtors did not. Two other Realtors and I were pro SM vs. about 28 Realtors that thought it was a waste of time and effort. The anti SM group brought up the old adage "it’s all about who you know". Now I agree with the statement but I feel that there is a huge amount of leverage that you can take advantage of utilizing SM. After going back and forth about using SM as a tool to market real estate (which I constantly utilize) the question was asked, "has anyone in the room ever represented a client in purchasing or selling a home that was generated by social media?" The answer "no…" and therefore they said it was a waste of time and SM will not help your real estate business as an agent. By this time I REALLY wanted to prove them wrong. 
So here is the challenge....If you help me find a buyer or seller through Social Media that completes a successful real estate transaction I will donate my full commission; 1/2 to a charity of your choice and the other 1/2 to the Amarillo Young Professionals (Non Profit Organization).
I want to prove the value of Social Media in the Real Estate Business and I am willing to put my money up to make it happen!Take the Money and Run! Actually buy a Home with it!
Here is the scoop...
As part of the stimulus package to boost the economy the government has passed a tax credit for buying a home.
Now the words "tax credit" sound a bit confusing, you may think well only people who make a lot of money or
pay a lot of taxes can get this credit. The fact of the matter is they should have called it "Free Money to Buy a Home".
That is exactly what it is, you get free money for buying a home, now you may think that is crazy, why would you
get money for buying a home? Well its simple, if you buy a home there is a chain of events that is set off that
produce economic activity. The bank making the loan makes money, the title company makes money, a surveyor
makes money, a home inspector makes money, a real estate firm makes money and who ever you bought the home
from makes money and in turn they buy a new home. Buying and Selling homes created an enormous amount of
economic activity, so much so that the government is willing to give you up $8,000 to help the process. It’s AWESOME!
The real cool thing is that you can have that money in hand in 45 days!
SO.....call me today to find out if you qualify and lets get started!
806 654 3842 or dirk@pru-ada.com
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