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Jeff and Lisa Sellers

Independent Real Estate Offices

We started an independent Real Estate Office because we wanted to be able to offer the best customer service that we possibly could. We have always done our best to offer superb customer service. Being an independent office in Lubbock Tx we are able to better personalize the services that we offer. It is amazing to me how the little things can make such a difference in conducting business transactions. I was thinking about this as I made my plan of action for today. The Sellers Realty is able to focus on an individual marketing plan for each property we have listed. We meet regularly with other offices in an effort to market our listings and to share vital information. We preview other listings so that we are aware of what is on the market in areas the we have listings and to be familiar with our market in able to help our buyers and sellers. It is important to us to keep close relationships to local mortgage companies and their loan programs also. The Sellers Realty is a full service Real Estate Company with and emphasis on customer service and loyalty.

Lubbock Real Estate Values

In spite of what you might hear from certain local and national media outlets, REAL ESTATE VALUES ARE NOT SUFFERING IN LUBBOCK,TEXAS! Unfortunately many parts of the country have experienced disaster the last couple years. Fortunately, LUBBOCK,TEXAS REAL ESTATE VALUES CONTINUE TO SLOWLY, BUT SURELY INCREASE! Lubbock continues to experience conservative and steady growth.

I'm thankful to live and sell real estate in Lubbock,Texas! We are blessed with a very conservative and stable real estate market. The world of Adjustable Rate Mortgages, Artificial Inflation and Interest Only Loans did not make it's way to Lubbock,Texas. Foreclosures and Repos are NOT found in every neighborhood and certainly NOT on every city street/block!

In 2008, The Lubbock Multiple Listing Service reported a total residential sales volume of $458,851,374. The average real estate value of sold homes was $133,193 and the median was $108,500. For 2009,total sales volume was off slightly to $448,993,628. The average residential sold value was up to $134,389, with the median sold price rising to $112,900.

Residential active listings on the market in the Lubbock area are DOWN to around 1,300. A couple years ago they were in the 1,700-1,800 range. In general, we are beginning to lean closer to a sellers market in Lubbock. Really it is a fairly balanced market. However, since the inventory is beginning to decrease, it is an EXCELLENT TIME TO GET YOUR HOME ON THE MARKET! Buyers are out there and activity is really picking up. Tax credits should increase sales through the Spring months!

WHETHER BUYING OR SELLING...IT'S ALWAYS A SELLERS MARKET!

Jeff Sellers, Broker

The Sellers Realty

jeff@thesellersrealty.com

Time to SELL???

So, you are wondering the same thing that everyone else keeps asking...Is anyone still buying houses??? Are banks still loaning money for home mortgages? Can people still qualify?

Sure they are! YES...YES...YES!!! First time home buyers are taking advantage of the $8,000 tax credit through November 30th 2009. Interest rates are absolutely phenomenal right now! Days on market in Lubbock are only a little over 100 from the time a property is listed until the day it is closed on...The Sellers Realty has averaged a very short 80 days on market in 2009! Having sold 53 homes year-to-date for $8 million in sales volume, we personally believe Lubbock real estate is very healthy! In fact, we are having our best year ever and are soooo thankful!

We are extremely fortunate to be in Lubbock,TX. The economy has not suffered here like other places around the country, at least not yet. If you need or want to sell...now would be a great time because buyers are out there taking advantage of record low interest rates and tax credits. After you sell, it is also a great time to buy because of low interest rates! The Lubbock home market is not volatile like many other places. We have a very steady and conservative appreciation of properties. Just remember...Whether Buying or Selling...It's Always a SELLERS Market!

Jeff Sellers

The Sellers Realty, Broker

806-778-6699

jeff@thesellersrealty.com

Lubbock Homes are selling like crazy!!!

So, how is the Lubbock real estate market? WE'VE NEVER BEEN BUSIER! HOMES ARE ABSOLUTELY SELLING LIKE CRAZY!!! Jeff and Lisa Sellers are having a record month despite all the talk of the recession and the housing crisis. We are so thankful to live in Lubbock,TX.

Jeff and Lisa Sellers currently have 15 houses closing in the month of April, 2009 for a sales volume of $2,048,950. They range in price from $85,000 to $395,000, with the average sale being just below $137,000. May is gearing up to be another great month as well. We already have 2 homes under contract around the $200,00 price range and one in the mid $80,000 range!

Most of the Realtors we talk to are also saying things are beginning to get busy again. So many first time homebuyers are taking advantage of the 1st time homebuyers tax credit up to a maximum of $8,000! CALL FOR DETAILS!

People are upsizing due to interest rates being at an all time low. They are able to buy more house for so much less money per month than ever before, because of lower interest rates, which equates to paying much less in the long run. Refinancing is also a good option if you can reduce your current interest rate by at least 2% percentage points. Contact your lender or mortgage company for all the details.

I guess the report that came out featuring Lubbock as the #2 real estate market for 2009 was right! College towns are a great place to buy and invest in real estate. Our hospitals are strong and growing. Local banks are solid. We have so much to be thankful for in West Texas!

Now, WE COULD USE YOUR HELP! WE ARE RUNNING OUT OF HOMES TO SELL, BECAUSE SO MANY HAVE SOLD! WE HAVE BUYERS LOOKING IN SEVERAL DIFFERENT PRICE RANGES, BUT WE CAN'T ALWAYS FIND THEM WHAT THEY ARE LOOKING FOR. IF YOU HAVE ANY INTEREST IN SELLING YOUR HOME DURING THIS GREAT MARKET AND PURCHASING ANOTHER WHILE INTEREST RATES ARE LOW, PLEASE CONTACT US RIGHT AWAY!

WE ARE NEVER TOO BUSY FOR YOUR REFERRALS AND REMEMBER...WHETHER BUYING OR SELLING...

IT'S ALWAYS A SELLERS MARKET!!!

Jeff and Lisa Sellers, Realtors

The Sellers Realty

www.thesellersrealty.com

thesellers@thesellersrealty.com

806-778-6699

Lubbock Home Values NOT Declining!

This factual information is an attempt to inform the public that HOME VALUES IN LUBBOCK,TX are not in a state of decline. Home values in LUBBOCK,TX are APPRECIATING, NOT DEPRECIATING. Forget everything you are hearing NATIONALLY! We are extremely fortunate in Lubbock!

The average single family residence in January 2008 sold for $128,235 compared to $131,053 in January 2009 (and increase of 2.2%). The median home sold for 107,500 in January 2008 compared to 109,000 in January 2009 (a 1.4% increase). Total active residential listings according to the Lubbock Association of Realtors in Multiple Listings were 1,565 in January 2008 compared to only 1,452 in January 2009 ( a decrease of 7.2% in inventory). In other words, there is not an overabundance of listings on the market. The lubbock market is not saturated with properties for sale. We do not have a big buyers market. We are experiencing a very BALANCED market...which is a great thing!

Currently, days on market, from list date to closing date are approximately 112 days (less than 4 months).

Jeff and Lisa Sellers listings are only averaging 72 days on the market (between 2-3 months).

According to MLS statistics, sellers are receiving on average, 95.93% of their asking price. Jeff and Lisa Sellers homeowners are averaging an amazing 99.52% of their asking price. We are actually selling some properties for full price in a short amount of time!

Jeff and Lisa Sellers at The Sellers Realty would love to help you with all your real estate needs.

WHETHER BUYING OR SELLING...IT'S ALWAYS A SELLERS MARKET

www.thesellersrealty.com

thesellers@thesellersrealty.com

806-778-6699

806-445-3639

Have a blessed day!