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Experts say bottom to lagging home sales is near.
March 24 2009 10:52
The National Association of Realtors reported on Monday that sales of existing homes rose 5.1 percent in February after a 5 percent decline in January. Home sales in the Northeast, South, West and Midwest all gained ground for February as buyers scooped up foreclosure properties.
“We are close to seeing a bottom in both new and existing home sales,” Michael T. Darda, chief economist at MKM Partners, wrote in a note to clients.
125 Abbott now in Featured Listings
December 31 2008 12:11
125 Abbott is now in our Featured Homes section. For property details, Click on 125 Abbott
Texas Becoming a Retirement Hotspot
December 29 2008 13:27
It may come as a surprise to many, but Texas is becoming a favorite retirement destination for many retirees. Central Texas is particlularly popular. Read the full report Texas Retirement Hotspot
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Maximize Your Home's Value
Does one of these scenarios fit your situation?
Your home is outdated for what’s happening in your neighborhood and you don’t have the money to update it to maximize your profit on the asset
You need to sell your home because you need to move into an assisted living community or a nursing home and you need to maximize your profits on your asset
You have inherited a home that is very outdated for the neighborhood and you don’t have the money to fix it up to maximize your profit on the asset
You want to downsize yet you need more money from your asset to purchase a new home and still have a sizable nest egg for your living expenses and you don’t have the money to update it to maximize your profit on the asset
You are about to lose your home to foreclosure, you have greater than 35% equity in your home yet your home will not sell in the neighborhood because it is outdated
You may have lived in your home for a number of years and financially just were not able to update your home as time marched on. The neighborhood is changing and people are remodeling homes in the neighborhood or builders are buying homes to scrape and build new homes on the land. These new and updated properties are bringing a lot more profit to the owners as they are selling for more money. However, you are not financially able to update your home to maximize your profits.
Pride of Austin Realty would like to visit with you and give you an honest assessment of what can be done to maximize your profits. In essence Pride of Austin Realty will work with you and refer you to Pride of Austin Homes. They would use their line of credit to remodel or add-on to your home for the purpose of preparing the property to sell for maximum profits. While the construction is progressing, Pride of Austin Realty will be marketing the home.
Here is an example of how this might work:
Let’s say that ‘as is’ your home might appraise for $200,000 yet updated homes and new homes in your neighborhood are selling for $800,000 or more. Yet in order for you to maximize your profit on your asset you’d need $350,000 to enlarge and update your home. Pride of Austin Homes would use their line of credit to do this work for you and prepare the home for sale. You would enter into a contract to split the profit with Pride of Austin Homes once the home sells.
Let’s say that the home sold for $800,000. The first $200,000 would go to you (the basis of the project). The next $350,000 would go back to Pride of Austin Homes for the improvements to the property. The difference of $250,000 would be split equally between you and Pride of Austin Homes.
To better help us serve you, please Contact Us We will get back to you as quickly as possible!
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