The time is now for all of the first time homebuyers out there! Why do I proclaim such a candid statement? Well, there are only a limited number of homes that can close in the time that is required by the Federal Government tax credit for first time homebuyers! Limited numbers, really? Yes and the reason are that the other first time homebuyers are already capitalizing on the best deals in town! If you want to be able to pick your choice of some of the best remaining homes, now is the time!
How long does it take to close a loan? It depends! For the most part, lenders need 30 days to close on a loan. Although there are some out there like Stylecraft’s preferred lender, Wallick & Volk, that can get some loans done in 15 days! So how does that affect the home buyer? First, let’s look at our time line. November 30th is the last day to close on a home loan that qualifies for a first time homebuyer. So let’s assume the standard 30 days to close on the loan. That takes us to October 31st to have your home picked out and contract written between the buyer(s) and the builder (seller). With that in mind I am sure you are saying, well today is the 1st of October, so why the rush to pick a home?
Again, the best homes will go first! Inventory is limited and we will have fewer and fewer homes for you to choose if you delay past TODAY in your home search!
So, where do you go from here if you are a first time homebuyer?
Come into your local Stylecraft Builders Model Homes to speak to one of our professional staff that can assist you in the process! If you are not sure if you qualify, that’s ok. Come on in and let us help you figure out the requirements for a home loan and see if we can get you into one of our Brand New Stylecraft Homes today!
Remember, time is really running out! Are you going to let someone else pick your dream house before you?
Signs of emerging optimism concerning our economy…. NEW YORK – Toyota Motor Corp. will pour $1 billion into a major U.S. marketing campaign in the fourth quarter, as the Japanese automaker bets on a recovery in the ailing auto market here.
The sum is “more than we’ve spent before” in the period, spokesman Irv Miller said. The fourth quarter is typically a strong sales season for automakers, who often launch big end-of-the-year promotions to drum up sales of new model-year vehicles. Toyota rolls out its “Toyotathon” marketing and sales blitz in November.
“We see the economy is starting to strengthen a bit,” Miller said. “We’ve stopped playing defense. It’s time to go on the offense.” (MSNBC News 09/07/09)
We here at Stylecraft have never stopped playing offense. Oh sure, we made certain that processes were in place to ensure we were not wasting money and opportunities, but we never put our head in the sand, wishing it would all go away. On the contrary, we continue to forge ahead with a smart business plan to sustain us, ensuring we are here for our Buyers. A successful owner of a large hotel chain recently said that “a recession is not the time to stop putting out fresh flowers in the lobby”. The opposite is actually true! It’s with that attitude the Stylecraft continues to thrive.
Ever wondered what the age of College Station homebuyers looks like? Well, here’s the latest data to show Who’s buying, and When.
First of all, you have to throw out the fact that 64% of homes are “renter occupied”. College Station will always have a large student/rental base. But what age groups are buying for themselves and staying? 30.4% are under the age of 35, while 20.4% are between the ages of 35 and 44. The ages between 45 and 54 make up 21.4% of our home-buying population, and 14.4% are between 55 and 64. The remaining percentages are rounded out for folks older than 65.
Here’s the most interesting number, however…70.1% of all those buyers have purchased within the period from 2000-2008, and things don’t seem to be slowing down for Stylecraft. That 8 year period has seen 7 record years. 2009 looks to be the same, and we owe it all to our wonderful homeowners.
Bryan has seen a similar uptick in owner-occupied homes with 46.8% of them being purchased since the year 2000…almost double the preceding 10 year span. The City of Bryan tends to have an older “owner occupied” homebuyer, with only 15.7% under the age of 35, and 25% between 35 and 44, while 53% of all homes are rented.
(numbers quoted from American Community Survey – U.S. Census Bureau)
A decrease in the annual percentage rate of job loss indicates that July 2009 could be a turning point in the state of Texas’ economic downturn… Just another sign that the economy is poised for a rebound. While Texas is reversing the job loss trend, the nation seems to be leveling out. The U.S. economy lost 4.2 percent of its total nonfarm jobs from July 2008 to July 2009, the same rate as from June 2008 to June 2009, indicating a trend toward stabilization of the national economy. (according Dr. Mark Dotzour, Texas A&M Real Estate Center) Eric Walley
Stylecraft Builders and Candy 95.1 are teaming up this Saturday, August 15, 2009, in Family Fun Day – Stylecraft Builders to inform the First Time Homebuyers on the $8,000 Tax Credit. Come join us from 11:00 AM to 4:00 PM for Live Music, Slovacek’s Sausage, and Ben and Jerry’s Ice Cream. There will be a bouncer, basketball, and swimming for the kids and a chance to register for a free 42” Flat Screen TV!
***Elegant, unique Creek Meadows is the latest Master-planned community on the Southern side of College Station. Featuring a tree-lined esplanade, clubhouse, swimming pool, basketball courts, playground equipment and 17 acres of park land and trails, Creek Meadows is the new neighborhood of choice for discerning buyers of quality homes. Stylecraft Builders proudly presents our new French Country and Tuscan styled-homes, ranging from 1100 to more than 2000 square feet. Come see why Stylecraft Builders is Central Texas’ New Home Builder. ***
The Texas Department of Housing and Community Affairs (TDHCA) is pleased to announce the release of 2 new down payment assistance programs – the Mortgage Advantage Program and the 90-Day Down Payment Assistance Program. Both programs are designed to monetize the Federal First Time Homebuyer Tax Credit enacted within the American Recovery and Reinvestment Act of 2009 by helping Texas families take advantage of the opportunity made available by recent Congressional action.
“Welcome to Stylecraft Builders, one of Central Texas’ premier new home builders. Since 1986, Stylecraft Builders has designed and built new homes and communities with its reputation based on integrity, honesty, value and style. With ideal locations in Brenham, Bryan, College Station, Hilltop Lakes, Huntsville, and Waco, come see why we are The “YES!” Builder. Welcome to your New Home.”
INTEREST RATES ON 30-YEAR MORTGAGES HIT 50 YEAR LOW!
According to the National Bureau of Economic Research, the average rate on a 30-year, fixed-rate, FHA-insured mortgage was 5.15 percent in December 1956.That was the last time rates were as low as they are today.In addition the latest data from the National Association of Realtors shows that the benchmark Housing Affordability Index is 61% better than it was in 2006!
Why are you still sitting on a rented fence?It’s more affordable to get into your brand new home now than it’s ever been in your lifetime.Homes are probably more affordable now than they will be for the rest of your life – so what are you waiting for? When you add in the $8,000 tax credit for first time home buyers (see http://stylecraftbuilders.wordpress.com/2009/02/) it’s a slam dunk!
What does this mean for you?If you’ve been sitting on the fence waiting for interest rates to bottom out – now is the time to act.If you’ve been sitting on the fence waiting for home prices to stabilize – now is the time to act.
We build brand new homes for a living so I know we’re a bit biased. Take a gray-haired guys word for it – If you spend this Christmas in a rented house or apartment you will look back and realize that you missed the biggest buying opportunity in real estate history.
Call us. Email us. Send a telegram. Better yet – come by our office and let us show you your brand new home.Get off your rented fence today!
Dan Jones
Sales Consultant
(866) 977-0998
www.stylecraft-builders.com
“Welcome to Stylecraft Builders, one of Central Texas’ premier new home builders. Since 1986, Stylecraft Builders has designed and built new homes and communities with its reputation based on integrity, honesty, value and style. With ideal locations in Brenham, Bryan, College Station, Hilltop Lakes, Huntsville, and Waco, come see why we are The “YES!” Builder. Welcome to your New Home.”
Given the glum forecast for our national economy we seem to have dodged a bullet locally. We are doubly blessed that our strong local economy translates into a strong local real estate market. With stable prices and huge tax incentives now is a great time to buy that brand new home you’ve been considering for months now.
First warning: If you want the best selection you had better hurry.
Second warning: If you want to move in by August you had better hurry.
I only have ten homes under $140,000 and fifteen homes between $140,000 and $150,000 that will be complete before August. The rest are already sold. Considering that we are selling a home every 48 hours you can see how fast these last homes are going to go.
Remember my January Blog? We talked about how home sales start to pick up steam in March and tend to peak in July and August. That’s exactly what’s happening. Remember – the best homes go first! Don’t get stuck in that rental for another year! Don’t miss out on $8,000 in FREE MONEY. (See last blog) Come on in and let’s start the process of getting you into your brand new home.
This video is a “behind the scenes” look from the Extreme Makeover: Home Edition we did a few years back. The bulldozer starts moving the house around like it’s a toy until it finally crashes down.
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Posted by stylecraftbuilders 
Posted by stylecraftbuilders 