Priced for quick sale at $37,500.  It should pass for an FHA loan also.

Sellers have put a lot of work into it in 2005. In the living room, master bedroom and kitchen the walls were striped down to the studs and re-sheet rocked, added a new furnace & hot water heater, replaced some of the windows, newer vinyl in both the bathroom and the kitchen, enclosed the front porch and turned it into an office with plenty of electrical outlets. This home would be the perfect home for the first time home buyers or investors. It's clean and move in ready! A real gem!!

Spring Buying Season, Tax Incentives Drive Traffic

Buyers responding to the homebuyer tax credit and favorable affordability conditions boosted existing-home sales in March, marking the beginning of an expected spring surge, according to the National Association of Realtors®.

Existing-home sales, which are completed transactions that include single-family, townhomes, condominiums and co-ops, rose 6.8 percent to a seasonally adjusted annual rate of 5.35 million units in March from 5.01 million in February, and are 16.1 percent above the 4.61 million-unit level in March 2009.

Lawrence Yun, NAR chief economist, said it is encouraging to see a broad home sales recovery in nearly every part of the country, with two important underlying trends. “Sales have been above year-ago levels for nine straight months, and inventory has trended down from year-ago levels for 20 months running,” he said. “The home buyer tax credit has been a resounding success as these underlying trends point to a broad stabilization in home prices. This is preserving perhaps $1 trillion in largely middle class housing wealth that may have been wiped out without the housing stimulus measure.”

Total housing inventory at the end of March rose 1.5 percent to 3.58 million existing homes available for sale, which represents an 8.0-month supply² at the current sales pace, down from an 8.5-month supply in February. Raw unsold inventory is 1.8 percent below a year ago, and is 21.7 percent below the record of 4.58 million in July 2008.

“Foreclosures have been feeding into the inventory pipeline at a fairly steady pace and are being absorbed manageably,” Yun said. “In fact, foreclosures are selling quickly, especially in the lower price ranges that are attractive to first-time home buyers.”

A parallel NAR practitioner survey shows first-time buyers purchased 44 percent of homes in March, up from 42 percent in February. Investors accounted for 19 percent of transactions in March, unchanged from February; the remaining sales were to repeat buyers. All-cash sales remain elevated at 27 percent in March, the same as in February.

The national median existing-home price for all housing types was $170,700 in March, up 0.4 percent from March 2009. Distressed homes, typically sold at a 15 percent discount, accounted for 35 percent of sales last month – unchanged from February.

“With home values stabilizing, a revival in home buying confidence will likely help the housing market get back on its feet even as the tax credit impact disappears,” Yun said.

NAR President Vicki Cox Golder, owner of Vicki L. Cox & Associates in Tucson, Ariz., said buying conditions are in near-perfect alignment. “Even with tougher loan standards, historically low mortgage interest rates with affordable prices and a sense that the market is turning have created optimal conditions in much of the country,” she said.

According to Freddie Mac, the national average commitment rate for a 30-year, conventional, fixed-rate mortgage dipped to 4.97 percent in March from 4.99 percent in February; the rate was 5.00 percent in March 2009.

Single-family home sales rose 7.3 percent to a seasonally adjusted annual rate of 4.68 million in March from a level of 4.36 million in February, and are 13.3 percent above the 4.13 million level a year ago. The median existing single-family home price was $170,700 in March, up 0.6 percent from March 2009.

Single-family median prices rose in 14 out of 20 metropolitan statistical areas reported in March in comparison with a year earlier. Five metro areas experienced double-digit increases, including San Diego, St. Louis and Boston.

http://www.agentnation.com/vt/1956/

This is a WOW'' home! Built to lastall steel constructed home (including the roof with a 100 yr warranty) located on the 13th Fairway at Fremont Hills Country Club. All brick exterior, high ceilings, beautiful moldings, enormous 'cooks kitchen'. Large bedrooms. Great bonus room, sun room, fabulous back patio with built-in brick grilling station. Retractable awning, 3 car garage that is so big you could put 5 cars in it. This is a great home!

Thousands of Dollars Could Slip Through Your Fingers!

The heat is on for those who are out shopping for homes right now - as the Homebuyers Tax Credit is about to come to an end.

Last November, the government expanded and extended the new Homebuyers Tax Credit. According to the program, first-time homebuyers are eligible for a tax credit of up to 10% of the purchase price of the home, with a maximum credit of $8,000. And current homeowners are eligible for up to $6,500.

Although military personnel may qualify for a special extension, the vast majority of homeowners must have contracts in effect no later than April 30, 2010 and must close no later than June 30, 2010 to qualify for the credit.

This means that homebuyers now have less than one week to get their paperwork going to qualify for this credit, before it goes away!

Here are some important details about this tax credit.

Dollar-for-Dollar Benefit

The benefit of a tax credit is that it's a dollar-for-dollar benefit, rather than a "tax deduction" or reduction in tax liability that would only reduce $1,000 to $1,500 when all was said and done.

So, if a first-time homebuyer who qualified for the entire benefit were to owe $8,000 in income taxes and would qualify for a tax credit of $8,000, she would owe nothing.

Even Better... It's Refundable!

Remember, because it's a tax credit, it's refundable! That means a homebuyer can receive a check for the credit if he or she has little or no income tax liability.

For example, if a first-time homebuyer is eligible for a tax credit of $8,000 but is liable for $4,000 in income tax, she can still receive a check for the remaining $4,000!

What are the Income Caps?

Single tax filers with incomes up to $125,000 are eligible for the total credit amount. Those who earn more than this cap can receive a partial credit. However, single filers with incomes of $145,000 and above are ineligible.

Joint filers with incomes up to $225,000 are eligible for the total credit amount. Those who earn more than this cap can receive a partial credit. However, joint filers with incomes of $245,000 and above are ineligible.

What's the Maximum Purchase Price?

Qualifying buyers may purchase a property with a maximum sales price of $800,000.

If you or someone you know is in the process of purchasing a home, this is an important week to take action - feel free to forward this article to anyone who it might benefit. And give us a call with any questions - the clock is ticking and the deadline is Friday!!

http://www.agentnation.com/vt/1883/

What a showcase home in Ozark...beyond the normal 3 bedroom, 2 bath home. It looks and feels like new. Privacy fenced yard, beautiful fireplace, beautiful landscaped yard, 2 car garage and an All-Brick home. All new appliances in 6 months ago! The home has been well maintained and is move in ready. Priced to sell quickly! Close to the Lake of Waterford.

Watch The Interest Rates...and the Fed.

Speaking of more supply...the Fed announced last week that it may start trimming its balance sheet by selling some of its Mortgage Backed Securities assets as early as the 3rd or 4th quarter of this year. Remember, the Fed recently ended its purchase program in which it purchased $1.25 Trillion in Mortgage Backed Securities to help lower home loan rates and stabilize the housing sector. Since the program ended, the market has been very volatile.

Despite the fluctuations, rates remain good overall, but once the Fed starts to sell some of their huge holdings, rates will likely rise as even more supply comes into the market.

In the hectic days after a move, it’s easy to overlook some details. After the dust settles, check to be sure you have taken care of these tasks. Better still, give some of these jobs to older children – like an information scavenger hunt – while you finish unpacking. 

• Take a tour of the neighborhood to find the nearest hospital, grocery stores, police and fire stations, churches, post office, libraries, parks, neighborhood shopping centers and area malls.
• Ask your real estate agent or call your Chamber of Commerce or town hall for information on trash pick-up, cable service, emergency services and voter registration.
• Check delivered mail for forwarding stickers. Send a change- of-address card (available free from your local post office) to each sender who used your old address.
• Change vehicle registration and drivers' licenses to the new state, if needed, and transfer home and auto insurance policies to a local agent.
  Get referrals for doctors and dentists, and have your records forwarded to them. Also, find a good local veterinarian, if needed.
• Check out local service providers such as banks, dry cleaners, florists, hair salons, etc.
• Spend family time talking about the move and monitoring how each member is adjusting

http://www.agentnation.com/vt/1860/

Cute 3 bedroom, 1 bath home in great condition. Bonus 3rd bedroom above garage. Large rooms, lots of storage. Close to church, school and shopping.

http://www.agentnation.com/vt/1832/

This is a rare find! Has the charm and character of a home built in 1902 but has many modern conveniences since complete renovation in '06. Features 3 large bedrooms, 2 full baths and almost 1,700 SqFt. All new thermopane windows, 2 HVAC units, downstairs has all hardwood floors, ceramic tile in the kitchen, bath & laundry, new perm siding, new roof, wiring and backyard deck. New kitchen cabinets & appliances, etc. all done in 2006. Vacant lot on north side is city owned.