About Rockwall County, TX

The attached market report for Rockwall is a year over year comparison 2008 to 2009.

* The median price for houses sold went up from $181,700 in November to $205,000 in December.

* The average days on market for homes sold went up from 88 days in November to 103 days in December.

* The average days on market for homes for sale went up from 136 days in November to 143 days in December.

* The number of houses sold was down from 48 in November to 41 homes sold in December.

List price vs. sold price - This statistic indicates what a person may think that their house is worth, vs. what it actually sells for. In December 2009, the median price for homes for sale was $234,250. However, the median price that homes actually sold for was $205,000. That's a discrepancy of $29,250. This calculation indicates that homes sold for almost $30k+ less than what the home owner would have liked.

This is an important statistic to keep in mind if you are looking to sell your home. With the economy the way it is, you need someone on your side that can work with you to find the best price in today's market. I would be glad to assist you through this process!

If you would like to review last month's market reports, click this link: http://activerain.com/blogsview/1397715/rockwall-tx-market-report-november-2009

If you are looking to buy or sell a house in this area, contact me anytime!

Now is a Great Time to Purchase a Home!

If you are a first-time home buyer, you could be eligible for up to $8,000 Tax Credit! This means you could keep up to $8,000 of income tax you would have likely paid or receive a larger tax refund!

In order to qualify for this program, you will need to enter into a binding contract to purchase a home on or before April 30, 2010 and close on the home by June 30, 2010 and it must be your primary residence!

Top 10 Reasons It Is a Great Time for First Time Home Buyers to Purchase a Home:

1. You are buying a home today that doesn’t have inflated equity

2. You don’t have to wait for your home to sell

3. You have sellers willing to pay your closing costs and possibly buy-down already great interest rates

4. You are in the first true “Buyers” Market in nearly 8 years

5. You have the largest selection of homes in 15 years

6. The current downturn in house pricing as well as low interest rates could allow you to buy homes in neighborhoods that maybe were out of your reach two years ago

7. You may qualify to purchase a home in specific rural areas for $0 down and no monthly PMI (USDA)

8. If you were previously in the military, you could use your VA benefits with $0 down and no monthly PMI and could purchase anywhere

9. You could also still buy a home with just 3.5% down through FHA

10. And you could file with the IRS for up to $8000 Tax Credit!

With rates at an all time low, inventory at an all time high, and an $8000 Tax Credit

…..it is a GREAT time to purchase!

Simply contact me to start your dream of home ownership!