Lubbock, TX

What a wonderful way to learn about Lubbock Realty then to spend lunch listening to the professionals at Lubbock Land Company talk about the Lubbock realty market.

Is down a good thing for Lubbock realty?

The amount of permits issued for builders to build new residential homes in Lubbock was down 22% in 2011 from 2010.

Although Lubbock realty is performing wonderfully compared to the rest of the United States, the residential permits that have been issued are down for the 8th consecutive year. They are actually currently at a 20 year low with only 497 permits being issued for the county of Lubbock in 2011. The positive news is that by holding the number of permits down has allowed the unsold Inventory of new homes to recover. At the end of the year in 2009 Lubbock realty had 269 unsold new built homes, at the end of the year in 2010 Lubbock realty had 235 unsold new built homes, and at the end of 2011 Lubbock realty dropped to only 183 unsold new built homes. A sure sign of a recovery is for the supply to go down and the demand to go up!

Thanks to our city official, Lubbock Realtors, Lubbock Home builders, Lubbock banks, mortgage officers, inspectors, appraiser…. All the Home Industry Team … Lubbock realty is doing well! In fact we have seen the average sales price of Lubbock new homes being built rise from $211,000 in 2010 to $230,000 in 2011.

Are you ready to take advantage of the Lubbock realty market? Interest rates are at all time lows and with the market looking to make a positive move in 2012 now is the time to act! Are you looking for New construction homes in Lubbock? Or something with lots of character close to the heart of Lubbock? You can find all the information you need about Lubbock Realty at our website at www.homesinlubbocktx.com

Feel free to email me with questions about Lubbock Realty at taranewton@kw.com .

Wonderful home under 100,000 across from the park! Open floor plan with 3 bedrooms, an isolated master bedroom, fireplace in living room, and great kitchen. Don't miss out, make an appointment to see today.

Full Details

http://www.homesinlubbocktx.com/listing/mlsid/537/propertyid/9985247/syndicated/1/cgltguid/56A88640-0167-4613-BD5C-6CCFC6FD6F77/?ts=crg

Listing Courtesy of Tara Newton, Keller Williams Realty

This wonderful home shines with pride of ownership. Incredible curb appeal and entertaining backyard w/ extended patio, landscaping, and sprinkler system, laminate hardwood floors throughout living, beautiful tile in all wet areas, hallways, and 1 bedroom. Open floor plan - you will love it!

Full Details

http://www.homesinlubbocktx.com/listing/mlsid/537/propertyid/9985213/syndicated/1/cgltguid/16F58961-C5FD-4763-816E-66455E0BDA72/?ts=crg

Listing Courtesy of Tara Newton, Keller Williams Realty

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http://buyinlubbock.blogspot.com

January 2, 2012

Happy New Year and welcome to 2012. Things are happening in Real Estate now that the holidays are behind us.

Tech Terrace remains a popular neighborhood for those who want to have a home near Texas Tech University. Even for Lubbock home buyers without a TTU connection, Tech Terrace is a wonderful place to live. You will not find any cookie cutter homes here. Instead Lubbock home buyers find bungalows, cottages, and a great variety of architectural styles.

Lubbock's multiple listing service shows 32 properties for sale in Tech Terrace as of today. Prices range from $74,977.00 (hmmmm) to $600,000.00. I have been so fortunate to get to show the historic Underwood home on 19th street a number of times. This fabulous home has 4 bedrooms, 4 baths and almost 6000 square feet and is priced at $600,000.00. The house pictured above is actually one of a number of Tech Terrace homes that is newer construction - you will even find one brand new home for sale in Tech Terrace. So for someone who wants the wonderful Tech Terrace neighborhood but likes newer homes you can have your cake and eat it too.

If you or someone you know is interested in buying, selling, or investing in Lubbock real estate in 2012 I can help you! Give me a call, or send a text or email. Particularly if you like Tech Terrace or have a home to sell in the U.N.I.T neighborhood in Lubbock, you owe it to yourself to contact me. I am a Lubbock Realtor who understands the appeal and value of older homes.

I wish you and yours a Happy and Successful New Year!

Mary Benton, Lubbock Realtor

Keller Williams Realty

(806) 790-1026

marybenton@kw.com

We are two days from a new year...the diapered baby and old man with a beard about to pass in the hallway of time. Are you thinking about buying or selling a home in 2012? Will this be the year you downsize and simplify your life? Has your family grown out of your current home?

Call on me (or text or email) and I will save you time and work hard to help you achieve your real estate goals!

In case you are a first time home buyer, here is a synopsis of the process:

· Contact me and put me to work for you!

· I will get you in touch with a mortgage loan specialist. You get pre-qualified for a home loan (unless you may be paying cash)

· We meet and go over your needs and wants in a home and sign a few papers

· We look on the computer and narrow down the homes on the market to the ones that suit you best.

· I make appointments and we go see homes and you choose one! (by the way, there is no charge for my services to you as a buyer)

· We prepare a contract with the amount you offer, the date you want to take possession, etc. You put up a small option fee for the seller and earnest money that goes to the title company.

· Negotiations may now take place.

· Once all are in agreement we have an 'effective contract' and it is time to order an inspection.

· When the report comes in from the inspector you may choose to ask for some repairs and this is another time that negotiations may take place.

· With this resolved we move forward toward closing which is typically around 30 days from the 'effective date' of the contract.

· An appraisal is ordered and the home needs to appraise for at least the sales price.

· Oh! During this time a buyer should NOT quit their job, make any major purchases, or do anything that might negatively affect their credit. Your credit will be checked again shortly before closing.

· One the day of closing you will bring a cashier's check for the amount you need to pay upfront - the title company will let you know this amount a day or two before closing.

· Once the loan is funded (same or next business day) then you GET YOUR KEYS and begin an exciting new chapter of your life in your new home!

HAPPY NEW YEAR TO YOU AND YOURS!

Mary Benton, Lubbock REALTOR

(806) 790-1026

marybenton@kw.com

FIND ME ON FACEBOOK! MARY BENTON, REALTOR * ANSWER THE POLL TO BE ENTERED IN DRAWING FOR A STARBUCKS GIFT CARD!