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April Home Sales up a whopping 30%
http://www.dfwrealestate.com/news/april-home-sale-increase-dallas-fort-worth-area-second-largest-15-years  
Sales are up over double digits. See link

http://library.constantcontact.com/download/get/file/1109217838784-273/NTREIS+Activity+Report+-+CV+April+2013+YTD.pdf

 

 

Open House in River Trails on Saturday from 1-3.

May 2013
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Fort Worth, Tarrant County  -  We invite everyone to visit our open house at 8601 Fountainview Terrace on May 4 from 1:00 PM to 3:00 PM.

Property information

Just Sold in the Village of Oak Park in Bedford

Yesterday, I closed on the sale of 2113 Oak Park and it got me to thinking of the homes that I have sold in the Village of Oak Park.  I put together this list of the ones I had pictures available.

If your interested in the Village of Oak Park in Bedford please give me a call.  See all homes for sale in the Village at www.VillageOfOakPark.net.

 

 

2113 Oak Park, Large 2 story in Village of Oak Park

in Bedford Sold by Scott Real Estate, Inc. (picture not available)

 

Click for more pictures ...

2212 Oak Park, one story in Village of Oak Park

in Bedford Sold by Scott Real Estate, Inc.

Click for more pictures ...

2025 Oak Manor Drive, one story in Village of Oak Park

in Bedford Sold by Scott Real Estate, Inc.

Click for more pictures ...

3816 Oak Leaf Lane, one story in Village of Oak Park

in Bedford Sold by Scott Real Estate, Inc.

Click for more pictures ...

2205 Oak Park Drive, one story in Village of Oak Park

in Bedford Sold by Scott Real Estate, Inc.

Click for more pictures ...

4004 Oak Leaf Lane, Two Story in Village of Oak Park

in Bedford Sold by Scott Real Estate, Inc.

2000 Golden Oak Drive, Two Story with a Pool in

Village of Oak Park Sold by Scott Real Estate, Inc.

Click for more pictures ...

3816 Oak Leaf Lane, one story in Village of Oak Park

in Bedford Sold by Scott Real Estate, Inc.

Click for more pictures ...

2209 Oak Manor Drive, one story in Village of Oak Park

in Bedford Sold by Scott Real Estate, Inc.

2209 Forest Oak Court, Two Story in Village of Oak Park

in Bedford Sold by Scott Real Estate, Inc.

Click for more pictures ...

1901 Oak Hollow Drive, Two Story in Village of Oak Park

in Bedford Sold by Scott Real Estate, Inc.

Scott Killian
Scott Real Estate, Inc.
www.SaveWithScott.com
Scott@SaveWithScott.com 
Cell/Text: 817-703-1165
Open House in Rustic Woods of Bedford on Saturday from 1-3pm Cancelled as house has gone under contract.

Property information

Investor special. Not on MLS yet.
Investor special going on the market this week.  900 McCurry in Bedford for $82,500.  3/2/2. Call Scott.  
Rental Property coming available May 1st.

913 Russell
Available May 1st.


• 1,250 sq. ft., 2 bath, 3 bedroom, 2 living room, 2 car garage, large backyard, single story - $1,250 - Available May 1st

 -  Nice 3 bedroom, 2 bath, 2 car garage with 2 living room home now available. Stainless steel appliances. New paint, new carpet, and more. Updated Trane air conditioning system. Large backyard. Covered patio. Ceiling fans.
Directions: 183, go south on Bedford Road, Left on Ravenswood. Ravenswood turns into Russell. Home on the right.

 913 Russell in Bedford will be available May 1st.  Call me directly if you are interested.

This is my rental property.  It is currently occupied.  3 bedroom, 2 bathroom, 2 living rooms, and 2 car garage.

Rental rate is $1250.

App fee is $40

Security deposit is $1250 

Please contact Scott at 817-703-1165

Property information

ADT Security Special

Hello, If your looking for a promo code or discount on alarm service with ADT then call Heather.

 

Contact Heather Gist and tell her Scott Killian with Scott Real Estate recommended you and she will give you a Realtor Special including a 

$100.00 VISA GIFT CARD

 

HEATHER GIST

HEATHERG@MYSAFEHAVEN.NET 

REGIONAL DIRECTOR

REALTOR PROGRAM

713-936-2760 (direct Line)

225-933-7011 (mobile)


 

  

Sparkrent.com

Hello,

 This looks like a great idea.  Has anyone used SparkRent.com to collect Rent?

  

FHA Mortgages to Get More Expensive


The Federal Housing Administration, which is the largest insurer of low-down payment mortgages, announced that it will raise premiums by 10 basis points, or 0.1%, on most of the new mortgages it insures.

Translation: A borrower opting for a 30-year, fixed-rate mortgage who puts 5% or more down will now pay an annual insurance premium of 1.3% of their outstanding balance. And someone who puts less than 5% down will pay a premium of 1.35%.

The agency said it will also raise premiums for borrowers with jumbo loans — or loans of $625,000 or more — by 5 basis points, or 0.05%, and increase the minimum down payment requirement on these loans to 5% from 3.5%.

FHA said it will require most buyers to pay insurance premiums for the life of their loan. A policy that was put in place in 2001 allowed borrowers to cancel premium payments once their debt fell below 78% of the principal balance. One exception will be for borrowers who put more than 10% down at the time of purchase.

Additional new policies include a requirement that any mortgage for an applicant with less than a 620 credit score and debt-to-income ratio above 43% must be underwritten manually. Lenders who want to issue loans to these applicants must be able to adequately document why they decided to approve the loans.

The agency also decided to put new restrictions on reverse mortgages, no longer permitting retirees to take such large, upfront payments.

The changes are an effort to reduce the agency’s exposure to risky loans and bolster its financial reserves, which have been depleted due to high delinquency rates from the mortgage crisis. The agency did not say when the new rates will take effect.

Last spring, FHA increased both premiums and upfront costs on mortgages. Such hikes make it tougher for mortgage borrowers — especially first-time purchasers who can’t afford the large down payments most private lenders require today, according to Jaret Seiberg, a Washington policy analyst for Guggenheim Partners. “They are the ones most likely to turn to the FHA for credit,” he said.

And that could have a negative impact on the housing market overall. “You can’t have a healthy housing market without a constant influx of first-time buyers,” said Seiberg.

Source: CNN


Foreclosure discounts no longer as steep


During the peak of the mortgage crisis, foreclosed homes sold at a 25% discount on average, but the market is stabilizing and the price differentiation between a home’s foreclosed valued and original market value is beginning to narrow, FNC reported.

The real estate analytics firm released a Foreclosure Market Report Monday, saying home prices are rising in many metro areas while foreclosure prices are starting to bottom out, creating some price stability.

"The fact that we are seeing a combination of rising home prices and a bottoming out of foreclosure prices is a very good sign the housing recovery is taking hold," said Dr. Yangling Mayer, FNC Senior Research Economist. "This is the very first time in the long housing recession that the two are happening at the same time."

By the fourth quarter of 2012, the average foreclosure discount, which is a comparison between a foreclosed home's market value and its final sales price, had dropped to 12.2%, compared to 25% during the peak of the downturn.

Single-family REO and foreclosure sales made up 18.1% of the market in the fourth quarter of 2012, down from 26.5% in the first quarter of the same year, FNC said.

In addition, the median foreclosure price stands at $93,000, while the median price for a non-distressed sale is hovering at $183,500, according to FNC.

Price discounts are still more dramatic at the lower end of the housing market, with discounts of roughly 18.4% for low-tier properties in the latest FNC report.

Michigan remains foreclosure dominant, with 56% of homes sold in the fourth quarter of 2012 classified as foreclosure sales.

The hardest hit states of Arizona (14.3%), California (19.8%), Florida (20.5%) and Nevada (13%) maintain foreclosure sale rates of roughly 13% to 20.5%, with Florida recording the most distressed property sales.

FNC notes that the Midwest cities of Detroit, Chicago, Cleveland and St. Louis still have the largest concentration of foreclosure sales overall.

Source: HOUSINGWIRE


Dallas-Fort Worth home prices up 7.5 percent for fourth quarter


Home sales prices in the Dallas-Fort Worth area hit a record high in 2012, making up losses during the recession.

The median single-family home sales price in the D-FW area was $159,300 last year, based on homes sold through the Realtors’ multiple listing service (MLS). That’s up from $140,500 in 2009 at the worst of the recession.

U.S. home prices rose in the fourth quarter of 2012 in most major cities, including the D-FW area, according to the National Association of Realtors.

Nationwide, home sales prices grew at the fastest clip in seven years.

Prices increased from a year earlier in 133 of the 152 metropolitan areas the Realtors surveyed for their fourth-quarter housing report. In the fourth quarter of 2011, only 29 U.S. markets had annual price increases.

D-FW home sales prices were up 7.5 percent from the fourth quarter of 2011. Nationwide, prices were 10 percent higher than a year earlier, with the biggest gains in Western cities, up more than 20 percent on average.

A jump in home sales combined with lower interest rates fueled the price increases.

“Home sales are on a sustained uptrend, mortgage interest rates are hovering near record lows and unsold inventory is at the lowest level in 12 years,” Lawrence Yun, chief economist of the Washington-based trade group, said in the report.

Quarterly price increases were strongest in Phoenix (33.9 percent), Detroit (31.3 percent) and San Francisco (28.3 percent).

These areas all saw significant home value losses during the recession and are now recovering.

Prices were still falling in some areas of New York, Illinois and Pennsylvania.

In Texas’ big-city markets, the largest quarterly median home sales price increase was in Austin, up 7.9 percent.

The Realtors’ quarterly price data is based just on properties sold through their agents’ multiple listing service. The median prices can be influenced by what types of properties are changing hands, as well as overall changes in values.

Most recent home price studies for North Texas show that prices rose by between 4 percent and 8 percent last year from 2011 levels.


Great deal on Harry and David Pears for the next couple days

Link to Harry and David Pears at half price.   fyi - does not include shipping charges

 

https://www.livingsocial.com/deals/544948?ref=conf-jp&rpi=96450986 

New Rental properties coming soon in Euless, TX

2 homes for Rent on Ector and 902 Midway will be available for lease soon.  Rental rates will be roughly $1200 to $1400.  All are 3 bedroom, 2 bathroom, and 2 car garages. 

Landlords and smoke alarms- New law starts soon.

Landlords must comply with smoke-alarm law by Jan. 1

May a landlord’s duty to install smoke alarms be waived?

No. As a reminder, landlords have until Jan. 1, 2013, to comply with a state law that went into effect on Sept. 11, 2011, requiring the landlord of a property with a lease signed before Sept. 1, 2011, to install smoke alarms in each bedroom, in each hallway that services multiple bedrooms, and on each level of the dwelling unit.

Per the Texas Property Code, the duty to install smoke alarms may not be waived. If a landlord is not in compliance with the law on smoke alarms, a tenant may seek remedies, such as a judgment for damages related to the violation and court costs.

For two ways to alternatively comply with the requirements relating to smoke alarms, see Property Code, Section 92.2571.

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