Attention Renters, Sellers or Potential Home Buyers!

Attention Renters, Sellers or Potential Home Buyers!

So you've been sitting in your apartment, home or office wondering if you can even afford a home. You'd be surprised to find that some people have been able to buy a new home for less than what they were paying in rent! You would also be surprised to learn that you may be able to refinance you home and lower your monthly payments.

Right now, there are some brand new homes on the market starting at $89,900. Depending on your credit and interest rate you can buy a home for less than $850 a month.

If you'd like more information regarding a new home, refinancing your home, or buying an existing home, call us anytime. You can contact us directly right now at 254-638-0898 or email us at team@MoveWithIRG.com and visit our website at www.MoveWithIRG.com .

If you're thinking about selling or buying a home, here are some quick statistics that should give you a general idea of where Waco Real Estate is today:

• There's currently 1350 residential properties on the market today.
• There's about an 8 month supply of homes on the market right now. Rule of thumb is that less than 5 months of inventory is a seller's market and more than 7 months is a buyer's market.  Considering that last month there was a 10 month inventory this is GREAT NEWS!
• Currently, there are 287 (as I'm updating this blog) homes "under contract". Average asking price is $129,301
• Dating back to the January 1st, 2009 (for sold properties) average asking price was $128,950 and the average sold price was $122,541. That's 95% of asking price
• Average days on market for homes sold since January 1, 2009 is 170 days.

Of course if you'd like more detailed statistics regarding the Waco real estate market, you can go to www.MyMarketReports.com and contact us if you don't see what you are looking for.  We would be happy to give you detailed statistics for your specific neighborhood.

Note:  The statistics used above are for single family residences only. These numbers do not include ranches, land, farm and ranch, commercial, or manufactured housing.