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A great place to find real estate info and all things Fredericksburg.

Why Now is a Great Time to Buy a Home

Are you thinking about buying a new home? Whether you’re a first-time homebuyer or planning to move up to a larger home, now is a great time to buy.

According to the Fannie Mae National Housing Survey released in September, 70% of Americans think it’s a good time to buy, compared with 64% in a similar survey conducted in January 2010.

Here are some reasons why:

  • Low interest rates. Mortgage interest rates are at very favorable levels. According to Freddie Mac, the 30-year fixed-rate mortgage rate hit an all-time low in early October—the lowest in the 40 years that Freddie Mac has been tracking rates–as did the 15-year fixed-rate and 5-year ARM. The 30-year fixed-rate mortgage averaged 4.27% for the week ending Oct. 7, while the 15-year and 5-year ARM were 3.72% and 3.47%, respectively. By purchasing now, you’ll lock in a low interest rate that will benefit you for the term of your loan.
  • Houses are priced right. One positive result of the housing downturn is that prices are more affordable in many markets—particularly areas that experienced huge upswings in prices previously. Still, as the economy recovers, prices are beginning to stabilize, and in some areas, even tick up a bit. According to the National Association of Realtors, the national median existing-home price for all housing types was $178,600 in August (the latest month for which data is now available), up 0.8% from August 2009. Why not purchase now in case prices continue their upswing?
  • Great selection. There are plenty of available homes on the market today, whether you prefer an existing home or a new one. Since inventory is plentiful, that means there are more opportunities for you to find the home of your dreams.

Would you like to take advantage of today’s opportunities? Give our CENTURY 21® Office a call today to learn about available homes

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February 27, 2011 Posted by | Fredericksburg TX | Comments Off on Why Now is a Great Time to Buy a Home

How to Improve Your Curb Appeal This Season

You’ve heard the old adage: You don’t get a second chance to make a first impression. That statement underscores the importance of curb appeal if you’re trying to sell your home.

Curb appeal—the attractiveness of the exterior of a property–is particularly important if you live in a market where there are a lot of homes for sale. Then it’s essential that your home make a statement and stand out from the competition.

What can you do to improve your home’s curb appeal this season? Here are some tips:

  • Spruce up the exterior. Clean the windows and gutters, trim bushes, make sure the grass is maintained and in good condition, and plant some flowers—mums come in many beautiful fall colors–to make the house look appealing and brighten up the exterior. Consider a fresh coat of paint—if not on the whole house, then at least on the doors, shutters and other trim, where you can add accent colors.
  • If your house is not well lit, install some new lights in the front and on the walkways. This not only improves safety but also helps showcase your home and its unique features.
  • Rake up leaves and remove them. Sweep your walks and front porch, and shake out mats.
  • Add a few finishing touches relevant to the season, but don’t overdo it. Pumpkins and dried wreaths are holiday classics and can create a warm, homey feeling in potential buyers. Steer clear of extensive Halloween decorations or religious displays.

Interested in learning how to make your home stand out? Give our CENTURY 21® Office a call today.

February 27, 2011 Posted by | Fredericksburg TX | Comments Off on How to Improve Your Curb Appeal This Season