Back on line!

It's been a while since my last blog entry - been busy and distracted, two good and bad things:)

OK, the stimulus packages are out, you can get up to $8000 for first time buyers; interest rates are killer low; inventory in our area is good; weather is great; Ft Sam is gaingin a new 3000 person unit this summer; San Antonio grew economically by 8% over the last year... so Why are people thinking you can offer 50% 0f list price for a house? We are not in the four (yes, 4) states that are seeing the media's full attention on foreclosures, etc. In fact we have neighborhoods that have appreciated throughout and in spite of the press coverage!

A couple of things you need to look at:
- Financing is still tough with credit below 680 or 720 for conventional
--Check us out for areas that offer the USDA rural programs. Can't be in big cities, but they offer 100% financing without PMI!
-Foreclosures are a good deal if you have time and money to get them back in shape. Some are a mess, some just need TLC. But all need patience!
-MOST, not ALL homes are priced pretty close to value - don't think that all can be had for pennies on the dollar
-FHA financing is still the best option for most, nut you MUST have 3.5% as a minimum to put dowen and not all sellers will pay closing costs

If you are prepared, this is a fantastic opportunity to purchase a home.