Roanoke Real Estate

Brian Smith, Real Estate Professional in the Denver real estate market, wrote a blog post recently that has drawn my attention.  It refers to the proposed $15,000 tax credit for all home buyers to be an increase and extension to the current $8,000 tax credit for first-time home buyers.  He asked what I thought?  So, I answered!:

First, I believe that it should be extended to all buyers and that the number should rise to $15,000. The cost estimate for this program is in the ‘neighborhood’ of $34.2 billion according to the CBO.  Actually, small change considering how ineffective the current $1.0 trillion TARP has been.  Here is my logic:
1) Yes, this will get potential buyers off the fence
2) It will create jobs…not save.  As inventories go down, contractors’ business will increase across the board, thus bringing down unemployment.  The senator who introduced this estimate creation of 600,000 jobs.  Maybe a little high, but…
3) The impact of the housing market is far reaching in terms of economic recovery, in general, for our economy

AND, there are pitfalls to be avoided.  I agree that:
1) this should NOT be the only source of down payment.  The buyer must come to the table with a minimum amount of ’skin in the game’
2) there shoule NOT be softening of the lending standards.  That is what got us here in the first place, I believe, and resulted in artificially inflated housing prices.

So, what say YOU?

I’ve just sold a Town-Home property at 3431 Morning Dove in Roanoke. Come and visit my site to see other properties in that area. If you are interested in looking for or selling your home, please Contact Me.

Here are the real estate transfers in Roanoke as reported by the Roanoke Times. 

 http://www.roanoke.com/business/wb/209757

The market seems to be turning in a positive direction.  Do you want to know about the market price stability in your neighborhood?  Click here and fill out your info to get a copy of a Market Snapshot for your area.

I’ve just sold a property at 5064 Fox Ridge Rd in Roanoke. Come and visit my site to see other properties in that area. If you are interested in looking for or selling your home, please Contact Me.

I’ve just sold a Single-family property in Roanoke. This one went under contract in less than 1 week!!  Come and visit my site to see other properties in that area. If you are interested in looking for or selling your home, please Contact Me.

Check out this new home that I just posted on my Web site. It is at 2959 Tamarack Trail in Roanoke.

This Single-family property has 4 bedrooms and 2.5 baths, to go along with many upgrades including:

• Brand new kitchen appliances and granite in 2009
• Replacement low-E, tilt-in, argon windows
• High-efficiency HVAC
• Re-paved driveways (yes, 2 driveways 1 for 2-car garage and one for carport!)
• Nearly 2,600 finished square feeet

Click here for the link to the virtual tour, more photos, and to see some of our other listings.

If you have any interest in setting up an appointment to see this home, please contact me at 540.521.9291.

Here are the real estate transfers for the Roanoke, VA area.

Click here

Do you watch this data in the newspaper?  What trends do you see?

Check out this new Single-family property that I just posted on my Web site. It is at 2027 Sherwood Ave SW in Roanoke. This Single-family property has 4 bedrooms and 2 baths. List price is $224,950

For more photos and a virtual tour - Click Here

Here are the Real Estate transfers in Roanoke, VA posted in the Roanoke Times this week…

 Click Here

 Have a great week…

We’ve just sold another  Single-family property at 5320 Golden Cir in Roanoke. Come and visit my site to see other properties in that area. If you are interested in looking for or selling your home, please Contact Me.