Selling a House? 5 Reasons You Should Do It Now!

August 28, 2013

 

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Many are talking about why now is a great time to buy a home. Today, we want to look at why it might also be an opportune time to sell your house. Here are the Top 5 Reasons we believe now may be a perfect time to put your house on the market.

1.) Demand Is High

Homes are selling at the fastest pace since November 2009 when the market spiked in response to the home buyer tax credit. The most recent Existing Home Sales Report by the National Association of Realtors (NAR) showed that monthly sales increased 9.7% over the same month last year. Total sales have been above year-ago levels for 22 consecutive months. There are buyers out there right now (buyer traffic is 31 percent stronger than a year ago) and they are serious about purchasing.

2.) Supply Is Beginning to Increase

Total housing inventory last month rose 11.9% to 2.16 million homes for sale. This represents a 5.2-month supply at the current sales pace, compared with 4.3 months in January. Many expect inventory to continue to rise as more sellers escape the shackles of negative equity. Selling now while demand is high and before supply increases may garner you your best price.

3.) New Construction Is Coming Back

Over the last several years, most homeowners selling their home did not have to compete with a new construction project around the block. As the market is recovering, more and more builders are jumping back in. These ‘shiny’ new homes will again become competition as they are an attractive alternative for many purchasers.

4.) Interest Rates Are Rising

According to Freddie Mac’s Primary Mortgage Market Survey, interest rates for a 30-year mortgage have shot up to 3.98% which represents a jump of more than ½ point since the beginning of the year. Even those trying to be the voice of reason on this issue are projecting higher rates. For example, Polyana da Costa, senior mortgage analyst at Bankrate.com said:

“Rates are unlikely to keep going up so quickly and should remain below 5%.

Whether you are moving up or moving down, your housing expense will be more a year from now if a mortgage is necessary to purchase your next home.

5.) It’s Time to Move On with Your Life

Look at the reason you are thinking about selling and decide whether it is worth waiting. Is the possibility of a few extra dollars more important than being with family; more important than your health; more important than having the freedom to go on with your life the way you think you should?

You already know the answers to the questions we just asked. You have the power to take back control of your situation by putting the house on the market today. The time may have come for you and your family to move on and start living the life you desire. That is what is truly important.

As always – we’re here to help – give me a call and let me know what I can do for you!

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Stylecraftbuilders.com

**Stylecraft Builders is an affordable New Home Builder in Central Texas. We are currently building in Brenham, Bryan, College Station, Conroe, Huntsville, Navasota, Killeen and Fort Hood, and Waco, Texas. **

Feel Free to Contact me Tanner Brewster the Online Sales Consultant for Stylecraft Builders:

Cell – 1-866-977-0998

tabrewster@stylecraft-builders.com

stylecraftbuilders.com


Moving to Bryan and College Station

August 21, 2013

There are many reasons to love Bryan/College Station from the exciting college Imageatmosphere, to the influx of new companies and job opportunities, to the excellent schools and family friendly neighborhoods that make this area a great place to raise a family. It is no wonder that our twin cities were recently ranked third in an annual national ranking as one of America’s best places to live. There’s no better time to relocate or move to Bryan/College Station (BCS)!

If you are considering making your home in the BCS area, Stylecraft Builders has plenty of new homes in superb and unique neighborhoods that are priced at a great value while maintaining a sense of design and quality. Across the Bryan and College Station area, Stylecraft builds in over thirteen different locations in desirable communities, most of which include parks, walking trails, green spaces, and some with community pools and lakes.

Depending on what type of mortgage or home loan you are considering, we offer several different levels of pricing to meet your budget from the $120,000’s to the $300,000’s. No matter what price range for a new home you are looking at, you will be pleased with the wide selection of floor plans and standard features such as granite countertops and stylish exteriors.

Call or stop by our model homes today. Your realtor is welcome as well. We’d love to share with you why we’re in love with our Bryan/College Station community, and we think you’ll fall in love with our new construction homes!

 

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Stylecraftbuilders.com

**Stylecraft Builders is an affordable New Home Builder in Central Texas. We are currently building in Brenham, Bryan, College Station, Conroe, Huntsville, Navasota, Killeen and Fort Hood, and Waco, Texas. **

Feel Free to Contact me Tanner Brewster the Online Sales Consultant for Stylecraft Builders:

Cell – 1-866-977-0998

tabrewster@stylecraft-builders.com

stylecraftbuilders.com


Stylecraft Builders + USDA Loan = New Home for You

October 10, 2012

If you’re considering buying a new home and a rural area is on your radar, you might be able to take advantage of a USDA mortgage that requires no money down! The USDA is encouraging homeowners to live in rural regions of the country with this 100% financing mortgage program.

In 2009, the USDA closed on $16 billion in rural home loans. These mortgages are not just for farms or farmers. The program is applicable for specific counties and zip codes outside of metropolitan areas, and approval is based on current income, credit history, and the number of dependents you claim on your taxes. You do not need to have served in the military. Click here to see if you qualify for a USDA home loan.

Stylecraft Builders has a few Texas communities that qualify geographically for the USDA home loan:

With the USDA home loan and our $500 Move-In Program, you could move into a brand new home in one of these growing communities with just $500. Imagine the comfort, luxury, and value of living in a new home—not a fixer-upper—with brand new appliances, exceptional details and craftsmanship, and a desirable location. With Stylecraft Builder’s $500 Move-In Program and a no-money-down USDA home loan, you can be living your dream instead of waiting for the day when you have the down payment! Contact us for more details and to learn about immediately available homes and your custom options on new construction.

Stylecraftbuilders.com

**Stylecraft Builders is an affordable New Home Builder in Central Texas. We are currently building in Brenham, Bryan, College Station, Conroe, Huntsville, Navasota, Killeen and Fort Hood, and Waco, Texas. **

Feel Free to Contact me Tanner Brewster the Online Sales Consultant for Stylecraft Builders:

Cell – 1-866-977-0998

tabrewster@stylecraft-builders.com

stylecraftbuilders.com


Before you shop for a new home, get pre-qualified.

August 29, 2012

If you’ve ever gone shopping and been hit with sticker shock, you know what it feels like to desire something out of your financial reach. Don’t let that happen to you when looking for your dream home. Mortgage pre-qualification will help you avoid disappointment and save time by focusing on a new home that meets both your needs and your budget.

Pre-qualification is a quick, easy process that will determine how much of a mortgage you are approved to receive. You can use one of a variety of online loan calculators but these tools really only provide a rough estimate and don’t always take many factors into consideration. And remember that a calculator is no guarantee that a lender will approve the amount. Your actual pre-qualified amount could be higher or lower. Underwriting varies from lender to lender, so talk to a few mortgage lenders to find out what they can offer you. Choosing the lender before you start shopping can expedite the process once you find a home. And pre-qualification makes you a more appealing buyer because the seller knows you can actually get a mortgage—eliminating the “wait and worry” phase on both sides.

Stylecraft Builders works with Wallick and Volk Mortgage Lending and they’ll be happy to get you started. Click here to get a Pre-Qualify Form. And let us know if you have any questions about the home buying process. We’re here to make it an enjoyable experience to find your dream home!

Stylecraftbuilders.com

**Stylecraft Builders is an affordable New Home Builder in Central Texas. We are currently building in Brenham, Bryan, College Station, Conroe, Huntsville, Navasota, Killeen and Fort Hood, and Waco, Texas. **

Feel Free to Contact me Tanner Brewster the Online Sales Consultant for Stylecraft Builders:

Cell – 1-866-977-0998

tabrewster@stylecraft-builders.com

stylecraftbuilders.com


How to improve your credit score

September 28, 2011

Credit scores rule your mortgage. And with so many people in debt because of the recession, credit scores are dropping. For those people who want to purchase a new home, it’s wise to stop first and look at your credit report. A credit score of 720 is considered excellent, but if you don’t have a 720, don’t fret. The average credit score in America is 692, which means most of us don’t qualify for the top tier deals.

If you’re shopping for a home, a score of 640 could still qualify you for a mortgage, but you won’t be getting the best deal. A half a point higher in your interest rate could translate to $100 more per month in mortgage payments and $25,000 in total interest—or more, depending on the amount of your loan.

With a few adjustments, you can gain the necessary points to drive up your credit score.

  • Pay on time. Your payment history accounts for 35 percent of your total credit score, so late payments will cost you!
  • Pay down your credit cards to reduce your debt-to-income ratio. For example, reducing a $300 debt to just $10 could save you $2,000 in discount points. The total amount you owe is factored in as 25 percent of your total credit score.
  • Keep your debt to no more than 25 percent of your credit limit. If you have a $4,000 limit on one card, keep the balance to no more than $1,000. If you have a $4,000 limit and $2,000 on one card, you could transfer some or all of it to a card with a much higher limit, as long as the balance doesn’t exceed 25 percent of the total.
  • Don’t apply for new credit cards while trying to boost your score. Every time you do, the inquiry is reported to the credit bureaus. You don’t want to be viewed as someone who is “collecting” credit and might end up with more debt than is manageable.

Check your credit score before you start home shopping. Once a year, you can get a free credit report from AnnualCreditReport.com. Bring that report to talk to a mortgage professional, who can help you determine how much of a mortgage you qualify for, as well as the rates and costs. At Stylecraft Builders, we work with the helpful heroes of Wallick and Volk. Talk to them and then contact us to find out how to get into a affordable, new home.

 

www.stylecraft-builders.com

 


5 tips to protect your credit score.

February 2, 2011

There was a time, not so long ago, when a credit score of 720 would have been enough for you to be approved for the best mortgage rates. That’s history. In today’s economy, you need to post a score of at least 760 (out of a possible 850) to be considered for those desirable interest rates, for a conventional loan. Plus, the FHA loans are more lenient with credit scores. You can qualify for an FHA loan with a credit score of 640.

 

It doesn’t take much to chip away at your credit score. Here are five tips to preserve your creditworthiness.

 

1.            Avoid making late payments.

Even one late payment, whether it’s a week or a month, can cost you up to 110 points on your credit. Pay attention to due dates and, whenever possible, pay early.

2.            Keep your balance low.

While you need to use your credit to build a history that lenders can view, don’t overdo it. Your total debt should amount to no more than 30 percent of your income. Carrying a big balance will send up a red flag to a potential lender. Pay down your balances and you should see a boost in your score.

3.            Keep your credit cards, even if you’re not using them.

You might think you’re doing the smart thing by reducing the number of credit cards you’re carrying, but cancelling cards changes your debt to utilization ratio. If, for example, you have three credit cards and each has a $2,000 limit, that’s a total of $6,000 in available credit. Let’s say you are carrying an $800 balance on one card and zero on the others. Your debt to utilization ratio is 13.3 percent, and that’s a good number. But if you cancel those other two cards, you reduce your total available credit to $2,000 and your debt to utilization ratio soars to 40 percent. You’re better served to tuck those cards away and not use them rather than cancel the accounts.

4.            Don’t open new credit lines.

When you apply for a new line of credit, the company checks your credit report, and this inquiry automatically lowers your score a bit, maybe by five points. In addition, once you open the account, you could be sacrificing up to another 15 points until you prove yourself worthy by managing this credit wisely. Don’t collect credit cards; apply for what you need and avoid the temptation to accept more.

5. Don’t default on a loan.

No one wants to default on a loan, but it happens. Home foreclosure could cost you 90 points and bankruptcy can take away as much as 250 points! If a default is unavoidable, start rebuilding your credit as soon as you can, by following the first four tips.

Don’t let your dreams of home ownership be crushed by a low credit score. If you need advice, talk to us at Stylecraft Builders. We can help get you back on track!

www.stylecraft-builders.com


Owning a New Home Vs Renting

September 15, 2010

Owning a home is still a smarter investment than renting. When the economy spiraled downward and home values followed—just not in Bryan-College Station—many people shied away from home ownership and opted for renting instead. There are many reasons why there are still far more advantages to owning a home than renting, even in this economy:

1. A mortgage payment is an investment. Rent is an expense.

Paying rent will give you no return. Your monthly mortgage is building equity in an investment.

2. Ownership has tax benefits.

You still enjoy deductions for mortgage interest, property tax, and home improvements. Renting provides none.

3. A home gains value.

In spite of the current situation, property values will increase. A rental property only gains value for the landlord.

4. Freedom.

Owning a home gives you the freedom to decorate, to landscape, and to live in your own space. A renter needs to ask for permission.

Look at your lifestyle and consider your future goals. Home prices and interest rates make buying a home more affordable than ever. When you add in the other advantages, can you really afford not to buy a home right now? Talk to us at Stylecraft Builders and we can help you find the right home and make it as easy as possible to make renting a thing of the past.