If you really want to know if you can buy a house in the Killeen/Ft. Hood, TX area, give me a call. I am a local REALTOR with over 8 years experience serving the needs of first time military home buyers. I help them reach their goal of home ownership. With BAH levels starting at $950 per month and going up to $1744 per month (with dependents), why wouldn't you buy a home and let Uncle Sam pay for it? You have to live somewhere so either you're paying someone else's mortgage or you can pay your own. Additionally, when purchased correctly, you can pay no down payment, get all your closing costs covered by the seller and pay less per month to own a home than you would to rent.
Consider this 3 bedroom, 2 bath home at 2103 Carousel in Killeen. At the asking price of $69,900 the payment to purchase this home would be under $620 per month (including principal, interest, taxes and insurance) at 5.75% fixed for 30 years. This is on a new VA loan with ZERO DOWN and we could probably get most, if not all, of the closing costs paid for you by the seller.
Now to rent a similar home in the same area is currently $775 to $795. So there's the answer to the first question we always get asked, "What will I do with the home when I leave the area?" This is a no brainer. Keep the house long-term as an investment and again, let Uncle Sam buy your house for you. Even with management fees, this is a positive cash flow situation, allowing the extra for any needed repairs, vacancies, etc.
The Fort Hood area is a great market for rentals. We always have families moving into the area. Nice, clean, well-kept homes like this are always in demand, and this particular house is literally minutes from the Fort Hood airfield gate.
Call or email me today and I will be happy to get you any information you would like on buying a home like the one shown. The deals are out there to be had, you just need to know where to find them, and that's where I come in. I know where to find them.
Richard W. Overall, Jr, REALTOR 254-394-6637 www.OverallRealtor.com Richard-Overall@hot.rr.com
The Texas Veterans Land Board changed it's program this week. The discount for Texas veterans with more than 30% disability dropped from 1% to .5%. Other recent changes include no longer a discount for qualified service era veteran or for 15 year loan term. Even with these changes, for many it is still a very good program.
I have had several buyer clients use this program and it is very easy to use, as long as you have a lender familiar with the program. The program can be used with any type of mortgage, not just VA loans.
This is my first post ever, not only on ActiveRain, but anywhere, so please be kind...
For nearly six months in 1958, Elvis Presley was stationed at Fort Hood while completing basic and advanced military training. He left an entertainment career, where he was at the top of his game, to serve his country as a tanker. What a great American.
While Elvis was at Fort Hood, he lived with his parents on Oak Hill Drive in Killeen, a small town right outside the base. I grew up in Killeen and the fact that Elvis once lived here was a part of our small town lore. An older lady who lived on Oak Hill when Elvis lived there loved to share a story of how he used to have to get out of the car a couple blocks up the street, sneak down to the creek that runs behind the houses (including her house) and work his way down to the back of his parent's house to avoid all the girls on the street out front.
The house was listed for sale in 2003 and I had the pleasure of showing it. At that time it was in very good, mostly original condition. The kitchen and bathrooms were 1950's classics with all the modern ammenities of that time. The buyer later "updated" the entire house (kitchen, bathrooms, etc.) to modernize it, and in essence destroyed what it is that made it a piece of Elvis history.
While his time here may have been short, the effect on what was then a very small military community was long reaching. Today, Killeen is still a military community, though no longer tiny, supporting one of the largest military bases in the free world. As such, the majority of our clients and customers are new arrivals to the area. One of the things I enjoy most is driving my new buyers by the "house where Elvis lived" and watching their shock that someone as large as Elvis once lived in a town as small as Killeen.
Today, Elvis Presley would have been 74 years old. Happy Birthday, Elvis, wherever you are.
Richard W. Overall, Jr REALTOR
www.OverallRealtor.com
I was raised in Killeen and I have seen many changes over the years. I've devoted my career to helping people just like you not only find a home in Central Texas but also feel at home in Killeen, TX.
I CARE...two small words that mean so much. As a Realtor I am obligated by the code of ethics to put the client's interests above my own. One of the things we are called on to do is give advice and opinions concerning real estate transactions. On occasion, the best advice I can give is that buying a home may not be in the best interest of a particular buyer or maybe the lesser expensive home would be a more prudent option or that waiting would be better for the buyer/seller in the long run.
I can proudly say that in the 8 years I have been in this business I have always given the advice that is best for the client. I have never sold a home using sub-prime lending, even though in the past it would have been easy to do. I have advised potential buyers that renting a home would better suit them than buying, even though they were well qualified. I have advised sellers to place their home in mangement instead of taking a loss selling even though that would have made me more money. And most importantly, I have slept well and I am not ashamed to look myself in the mirror everyday. I can look every client I have had in the eye with my head held high kowing that I did what was right for each and every one of them.
Am I the largest Realtor in the Killeen area? Certainly not the largest in sales volume, but I have a name that I can be proud of and the majority of my business is referral or repeat customers so I must be doing something right. Am I the best Realtor in the Killeen area? When I am working for you and in your best interest, I AM ABSOLUTLEY THE BEST REALTOR FOR YOU...BECAUSE I CARE!!!
I am a Killeen local and I have sold real estate in this area for nearly 9 years now. My experience before becoming a Realtor was in customer service and management. I have carried these skills into the real estate business and I work daily to give the very best customer service I possibly can.
I have a lot of experience with first time buyers, both military and civilian. Military relocation is a pretty specialized area that brings with it a unique set of opportunities. Helping military families with their moves to Fort Hood gives me the chance to introduce them to what Central Texas has to offer.
I also have several investors that I work with regularly. The fact that there are a number of VA foreclosed properties offers a wonderful opportunity for many investors, but knowing which properties are the bargains and which are not is where I come in. I know the market, current trends, how to negotiate the best deal on foreclosures, and when to be agressive with an offer and when to play it safe. In the foreclosure market and you might say I know the "tricks of the trade."
I pride myself on being proficient in contracts and negotiating.
ActiveRain Corp. is not responsible for the accuracy of the site's content (which is written by members of the ActiveRain Real Estate Network) and does not endorse the views of the real estate agents, mortgage brokers, and others listed here.
Powered by the ActiveRain Real Estate Network
© 2009 ActiveRain Corp. All Rights Reserved
