Time is running out for $8,000 first-time homebuyer credit! Watch this video…

Wednesday, September 23rd, 2009

November 30th is the last day to take advantage of this $8,000 first-time homebuyers credit. Homes in Kennewick, Pasco, Richland, West Richland and surrounding areas are a great buy right now and mortgage rates are low, so you’ll want to get onboard to get qualified for this opportunity!!

To get a good understanding of what all is involved in this process, please watch this video which should give you a better feel for how this credit works.

http://www.youtube.com/watch?v=_VFV5MNTWPY

Tags: credit, first-time homebuyers credit, government, home buyer, Kennewick, pasco, real estate, richland, West Richland

Meadow Park Estate

Sunday, June 28th, 2009

The Tri-Cities housing market has picked up quite a bit this year for the most part due to the $8000.00 first time home buyer’s tax credit. The commercial real estate market is still slow but we are hoping for it to turn around by the end of this year. Meadow Part Estate has two home on the market one that is being constructed at 133 Erica by Master Homes LLC priced at $214,900.00 the other 2980 Bruce Lee Lane is Bank Owned and priced at $255,950.00 If you would like to see any of these homes call me at 366-3916 and we can tour them.

Sid Hodge your neighborhood realtor

366-3916

Tags: $8, 000 credit, first time home buyer, home buyer, Meadow Park Estate, real estate, real estate market, real estate richland, richland, tax credit, tri cities, tri cities housing market, tri cities real estate

Tips to get your house ready to sell

Tuesday, June 9th, 2009

Homes in the Tri-Cities are moving!! Kennewick, Pasco, Richland, West Richland and all of the surrounding Tri-City metro areas are seeing homes sell quickly.  If you’ve made the decision to place your home on the market, here are some tips for getting the best value for your home:

Talking with housing experts for ideas on renovations that homeowners can make that will help their properties stand out. Most of these are budget friendly, but some changes do require a little extra cash.

Curb appeal:

This is arguably the most important part of preparing your home for sale because it’s the buyer’s first impression. Your home doesn’t necessarily have to be repainted, but it should look fresh, with no cracked paint. Consider pressure cleaning sidewalks, resealing the driveway and replacing the mailbox. Get rid of any debris, weeds and toys in the yard. Sprinkle mulch around the trees and trim the hedges so that they’re not hiding windows. Plant colorful flowers no more than 6 inches high.

Flooring:

Wood is good, but make sure it’s sanded and restained. Laminate flooring also is fine, but it should be a neutral color. Shampoo the carpet so it’s free of stains and pet smells. You don’t need to buy new carpeting because the home buyer will want to select it. But if the rug is really bad, get berber from one of the home improvement stores and install it yourself.

Ceilings:

Adding crown molding and removing popcorn ceilings are nice touches but not necessary. If you do try it, hire a professional. In most cases, however, your money would probably be better spent elsewhere.

Lighting:

Upgrading the lighting is an inexpensive way to improve the look and mood of a house. Replace the fixtures, install dimmers and use soft-wattage light bulbs. Buy a chandelier, but nothing too ornate. Also, keep the outside lights on at night because prospective buyers often drive through neighborhoods after dark.

Living Room:

A cluttered house quickly turns off buyers, so lose the knick-knacks. Make the house appear open and inviting.

Doors:

the front door, if possible, should have glass side panels to aloe light to shine through. Replacing the hardware with, say, antique bronze is a cost effective way to make the door look new. Don’t forget to make sure the doorbell works. Doors inside should be painted and the hardware should be the same on each one. Fix any annoying squeaks. Older homes have sliding glass doors, but there’s not much you can do with those except replace them. French doors will add value, but they’re expensive.

Kitchens:

Kitchens are the No. 1 seller of homes, so consider replacing the kitchen counter tops if they’re old and bland. Everybody loves granite, but laminate, black Formica or four-inch tiles with grout aren’t bad alternatives and cost less. Granite 12-by-12 tiles with thin grout is another possibility, but you may have to do a lot of cutting depending on the depth of the counter top.  Here’s a good rule of thumb: if the house is listed at $500,000 or above, you probably need to spring for granite.

Bathrooms:

Bathrooms are a close second to kitchens as the most important seller of homes. To spruce up the bathrooms, replace the fixtures and the sliding shower door. Hang some fluffy white towels. Above all, the bathrooms must be spotless!

Patio:

Again, less is more. Make sure the junk is gone and that the furniture looks new. Set up the grill. Create a scene that allows potential buyers to see themselves relaxing outside and enjoying and enjoying the backyard.

Garage:

Garage organization is big business these days and the before/after photos offer dramatic contracts. Local companies will come in and get rid of the junk, using bins, cabinets, lockers, hooks and hangers to more neatly store what’s left. The cost of organizing your garage can range from a few hundred dollars to more than $15,000. You could do much of the work yourself. For example, if the garage floor is stained, paint it gray.

Closets:

Pack up one-third of a closet’s contents and store the junk somewhere off site. A crowded closet tells buyers the house doesn’t have adequate storage.

Pool and spa:

The pool and spa should have enough water. If there are leaks or if the equipment is broken, get busy getting it fixed.

 

Tags: home buyer, pasco

Currently there are no Homes for sale in Meadow Parke Estates

Wednesday, May 20th, 2009

As of May 1, 2009, all the homes in our sub-division that were for sale have either sold or have been taken off the market. It really is a good time to put your home on the market if you are thinking of selling. The interest rates are low and with the $8000.00 dollars first time home buyer incentive, homes that are priced right are moving fast. There were approximately 250 homes sold through April 30, 2009 but only 21 that were priced over $300,000.00. If you are interested in selling or buying a home, feel free to call me for a free home Market Analysis.

Sid Hodge, your neighborhood Realtor

509-366-3916

 

 

Tags: home buyer

Area market has stayed relatively stable

Wednesday, April 15th, 2009

Nationally, questionable real estate lending led us into this mess, and real estate will lead us out.

Irresponsible lending and borrowing have caused a large number of foreclosure nationwide and driven prices down in a lot of areas where “irrational exuberance” had pushed prices up 20 percent or more per year for the last few years (i.e. Florida, Las Vegas, Phoenix, California).

The bubble burst in 2008 with the fallout hitting Wall Street and Main Street worldwide. Our 401(k)s were decimated, and mainstream media is spelling doom and gloom. However, here we are in the sunny in the Tri-Cities where we enjoy living and working. A year ago, I would have told you we were the most affordable major market on the West Coast, and we probably still are, due to inexpensive, abundant land, and non-restriction development regulation by our elected officials and appointed boards.

The Tri-City housing market has experienced steady growth both in number of sales and moderate price increases over the last 10 years due to a stable job base and new jobs being created in our area. We have not had the non-sustainable price increases of other areas. In other words, no bubbles, no burst. Our local lenders have been largely moderate in loaning in the subprime arena, and stable employment has kept the foreclosures to a minimum (although one is too many).

In 2008, closed sales were off by 15 percent to 20 percent in large part to almost all subprime and states-income loans going away and new residents moving here to work or retire being unable to sell their homes in other areas of the nation. In spite of that, almost 3,000 homes were reported sold in our Multiple Listing Services. The number of active listings (homes available) has stayed fairly stable for the past five years at about 1,200 properties.

Looking ahead in 2009, interest rates are at or near historic lows, and real estate loans are readily available for qualified buyers. Also, let’s not forget the recently enacted $8,000 federal tax credit for first-time home buyers (those not owning a home in the last 3 years). This tax credit has changed and is not repayable. If, as reported in the Herald, the economic stimulus pan creates lots of new jobs in this area, it will possibly create an interesting challenge — a lack of homes. You will not see this on the front page of the Wall Street Journal, but all real estate markets are local.

One thing is certain: In this or any other market, if you do not own your home, you will never have any equity in it.

 

Tags: credit, home buyer, real estate

REAL ESTATE NEWS AND UPDATES

Friday, April 3rd, 2009

The road construction is a mess but we still have had real estate active in our subdivision. The home at 157 Erica Dr has gone under contract and should close soon the sale price was approx. $213,000. 118 Erica Dr has been taken off the market for a while but could come back on. A home on Chad Ct, on the East side as you pull in to the subdivision, will be on the market soon. The price is unknown as of yet.

The $8000.00 tax credit for new home buyers has created some home buying activity recently. If you know someone who is a first time home buyer or has not owned a home in the last 3 years have them call me and we’ll find them a home.

Sid Hodge 509-366-3916 

Tags: credit, home buyer, real estate