Wednesday, November 20, 2013
Friday, September 6, 2013
2199 Quail Court, Auburn, AL 36879
Awesome corner lot! Clear, nearly level and just under a half acre! Perfect for building your dream home in The Preserve. Neighborhood amenities include clubhouse, salt-water pool, barbeque/grilling area, meeting room, fishing piers and nature trails. Beautiful fishing lakes and ponds for your enjoyment. Just 6 minutes to Cary Creek Publix shopping center and the new Pick Elementary school. Priced to sell at ONLY $47,900!
Thursday, September 5, 2013
857 Harvard Drive, Auburn, AL 36830
Best priced, brick veneer condo in the neighborhood!!! Bring your buyers to see this great condo. Modern feel with stained concrete floors in living/dining area with an Atlanta loft-style metal staircase. All stainless appliances remain including the refrigerator. There's two convenient covered canopy parking spaces that come with the unit as well. Great investment property as well! Priced to sell at ONLY $99,500!
Tuesday, August 20, 2013
2058 Covey Drive, Auburn, AL 36830
Monday, July 29, 2013
Cost of Waiting to Buy
It’s been said that more money has been lost due to indecision than was ever lost because of a bad decision. Regardless of whether you agree with the statement, delaying the decision to buy in today’s market is going to cost the buyer more.
Home prices have gone up considerably in almost every market in the country in the past year and while inventories are beginning to grow, prices are expected to continue to rise. Mortgage rates jumped 1% from the beginning of May to now. They could easily reach 5% by the end of the year and continue to rise in 2014.
Many of the financial experts in the country believe that the economy will not be strong until rates are in the 7% area.
The two components that move the cost of housing are price and mortgage rates. Escalation of either one will have an affect but when both are going up simultaneously, it is dramatic. It can literally eliminate buyers who could have purchased earlier.
The following example shows what would happen to the payments on a $200,000 home if the price were to go up 3% at the same time that the mortgage rates went up 1%. Not only would the payments go up by $150.81 per month, the price of the home would be $6,000 more. Even though the down payment may not change much, the new owner would have to borrow more money. By not acting, it is costing them more in price and payment. The loss of the appreciation would have been equity had they purchased prior to the rise in price.
Home prices have gone up considerably in almost every market in the country in the past year and while inventories are beginning to grow, prices are expected to continue to rise. Mortgage rates jumped 1% from the beginning of May to now. They could easily reach 5% by the end of the year and continue to rise in 2014.
Many of the financial experts in the country believe that the economy will not be strong until rates are in the 7% area.
The two components that move the cost of housing are price and mortgage rates. Escalation of either one will have an affect but when both are going up simultaneously, it is dramatic. It can literally eliminate buyers who could have purchased earlier.
The following example shows what would happen to the payments on a $200,000 home if the price were to go up 3% at the same time that the mortgage rates went up 1%. Not only would the payments go up by $150.81 per month, the price of the home would be $6,000 more. Even though the down payment may not change much, the new owner would have to borrow more money. By not acting, it is costing them more in price and payment. The loss of the appreciation would have been equity had they purchased prior to the rise in price.
Thursday, July 25, 2013
2221 Red Tail Lane, Auburn, AL
Another beautiful custom home sold in The Preserve!!!
Call me today and let Eastbrook Homes build your home!!!
Wednesday, July 24, 2013
TIME TO RETIRE
Planning for retirement is obviously important and many times, an activity plagued by 
procrastination. Some people plan to have their home paid for by that magical date so they won’t have payments after they retire. It makes sense to eliminate a large recurring expense before they quit working.
One strategy would be to be make regular principal contributions in addition to the payments so that it will eliminate the debt by the target retirement date.
Let’s say that a homeowner refinanced their $200,000 mortgage at 4% last year with the first payment due on May 1, 2012. Under normal amortization, the home would be paid for at the end of the term; 30 years in this example.
By making additional principal contributions with each payment, it would accelerate the payoff on the home. An extra $250.00 a month would pay off the mortgage in 10 years. $524.55 extra with each payment would pay off the loan in 15 years; and $796.23 would pay off the loan in 12 years.
Having a home paid for at retirement has the obvious benefit of no house payment. It is also a substantial asset that could be borrowed against or sold if unanticipated events should occur.
Another strategy might involve purchasing a smaller home now to use as a rental that you intend to live when you retire; see Retirement Home Now.
To make some projections to pay off your own mortgage, use this Equity Accelerator.
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One strategy would be to be make regular principal contributions in addition to the payments so that it will eliminate the debt by the target retirement date.
Let’s say that a homeowner refinanced their $200,000 mortgage at 4% last year with the first payment due on May 1, 2012. Under normal amortization, the home would be paid for at the end of the term; 30 years in this example.
By making additional principal contributions with each payment, it would accelerate the payoff on the home. An extra $250.00 a month would pay off the mortgage in 10 years. $524.55 extra with each payment would pay off the loan in 15 years; and $796.23 would pay off the loan in 12 years.
Having a home paid for at retirement has the obvious benefit of no house payment. It is also a substantial asset that could be borrowed against or sold if unanticipated events should occur.
Another strategy might involve purchasing a smaller home now to use as a rental that you intend to live when you retire; see Retirement Home Now.
To make some projections to pay off your own mortgage, use this Equity Accelerator.
Wednesday, July 17, 2013
Lee County Area Residential Sales Up 29% in June
Lee County area residential sales up 29% in June; YTD sales up 14%
Lee County residential sales reached 169 units in June, an improvement in sales growth of 29.0 percent from last June. Year-to-date (YTD), residential sales through June are up a solid 14.3 percent which is consistent with statewide sales growth. (Click here to continue reading...)
This monthly report can be found on the ACRE website under Reports: Click Here
This local housing report is sponsored by: American Family Dream
Monday, July 8, 2013
When Rates Go Up
Rising interest rates are great if you are renewing a certificate of deposit but not so much when you’re borrowing money. With interest rates on the rise as well as home prices, housing affordability is a concern for would-be homeowners.
A rough rule of thumb is that a person’s or family’s housing should not exceed 28% of their monthly gross income. While rental rates and home prices have been consistently increasing, mortgage rates have been soaring in the past month. In one week, according to the Freddie Mac Primary Mortgage Market Survey, they jumped by .5%.
This means that people have to pay a larger percentage of their income for housing unless their incomes have been increasing at an equal pace. A $200,000 mortgage would be over $100 more per month if closed in July compared to closing at the interest rates available in January of 2013.
If rates increase by .5% by the time you close on the same size mortgage, payments would increase by almost $60 per month. In order to keep the payments the same, a borrower would have to put an additional $11,000 down to lower the mortgage amount.
Check out how your payment would be affected if interest rates continue to rise.
The National Association of REALTORS® suggests that housing is more affordable now than one year ago. However, with all of the variables in play including inflation that was not addressed in this piece, it is unclear how long conditions will remain “affordable”.
Monday, July 1, 2013
HAPPY INDEPENDENCE DAY
Happy Independence Day
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Monday, June 24, 2013
Mortgage Relief Act Information
Many times a homeowner might feel relieved being out from under the obligation of a mortgage they can’t afford even though the property was lost due to foreclosure or short sale. If a lender cancels or forgives debt, a taxpayer must include the cancelled amount in their income for tax purposes depending on the circumstances. The tax significance could be serious.
Congress enacted the Mortgage Relief Act specifically to help homeowners who might be affected in the housing crisis that started approximately in 2007. The Act expired on 12/31/12 but was temporarily extended by Congress until December 31, 2013.
This relief only applies to a taxpayers’ principal residence which does not include second homes and investment property. The maximum amount is limited to $2 million of mortgage debt forgiveness or $1 million if filing separately.
Another provision is that the debt relief is limited to acquisition indebtedness used to buy, build or improve the property. It excludes cash equity loans whether made separately or in a refinance of the original mortgage.
Due to the serious consequences involved in short sales and foreclosures, it is advised that homeowners faced with this possibility should seek expert advice from their legal and tax professionals.
Congress enacted the Mortgage Relief Act specifically to help homeowners who might be affected in the housing crisis that started approximately in 2007. The Act expired on 12/31/12 but was temporarily extended by Congress until December 31, 2013.
This relief only applies to a taxpayers’ principal residence which does not include second homes and investment property. The maximum amount is limited to $2 million of mortgage debt forgiveness or $1 million if filing separately.
Another provision is that the debt relief is limited to acquisition indebtedness used to buy, build or improve the property. It excludes cash equity loans whether made separately or in a refinance of the original mortgage.
Due to the serious consequences involved in short sales and foreclosures, it is advised that homeowners faced with this possibility should seek expert advice from their legal and tax professionals.
Tuesday, May 7, 2013
2035 Mohican Drive, Auburn, AL 36830
Amazing views of the lake! This lovely home has 17ft ceiling in great room with lots of windows, rec room in basement with kitchenette, finished bedroom, full bath & hardwood floors! There's a covered deck great for enjoying the lake views. There's 4 bedrooms/2 full baths upstairs! And there's tons of storage in the basement too! Call today for a showing!
View the video of this beautiful lake home!
http://youtu.be/kVlA6CLVU4A
View the video of this beautiful lake home!
http://youtu.be/kVlA6CLVU4A
Open House at 206 Lancaster Ave, Auburn, AL on Sat., May 11th, 1:30-4:30 pm
OPEN HOUSE, SATURDAY MAY 11TH, 1:30-4:30 PM AT 206 LANCASTER AVE., AUBURN, AL 36830!!!!
COME OUT AND SEE THIS GREAT MOVE-IN READY HOME THAT IS PRICED TO SELL!!!
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Monday, April 8, 2013
1951 Stephanie Court, Auburn, AL 36830
Amazing European Styled end unit townhome. Open-plan family room/kitchen with a sunny dining area that opens onto a patio that's great for outdoor entertaining. Guest half bath downstairs has a gorgeous wash stand. The spacious master bedroom has a cathedral ceiling, nice walk-in closet - master bath has soaking tub & separate shower. Total electric, no HOA fees. Located close to everything!
http://youtu.be/9VRAzdI3u5I
Thursday, March 21, 2013
2070 Covey Drive, Auburn, AL
Cozy & comfortable new home in the Preserve. This home features so many upgrades that include a gourmet kitchen, ORB fixtures, a raised hearth stone woodburning fireplace in the great room, built-in bench in mudroom, double bowl granite vanity in second bathroom and an open rafter covered patio for enjoying the outdoors! The home has generous size rooms making it spacious and comfortable! View video at: http://youtu.be/wQliqr16GEI
2154 Cardinal Lane, Auburn, AL
Amazing Ranch home with 10 FOOT CEILINGS, ORB FIXTURES, GOURMET KITCHEN with 2
tone cabinets, 2-SIDED STONE SURROUND FIREPLACE W/RAISED HEARTH, SUNROOM with
lots of picture windows leading out to the covered deck. Coffer ceilings in
formal dining room,handscraped 5-inch hardwood floors, large master suite and so
much more. Situated on a deep lot almost 1/2 acre!
http://www.eastbrookhomes.com/
http://youtu.be/pnkAX6RVQ2I
http://youtu.be/pnkAX6RVQ2I
1931 Sequoia Drive, Auburn, AL
Fantastic new construction home with welcoming entry into a 2-story great room with a stone surround woodburning fireplace. There's 5 inch hardwood floors, ORB fixtures and a sunroom. Located just off the great room is a wonderful open rafter covered patio that's perfect for outdoor entertaining or just relaxing. Conveniently located inside the entry from the garage is a custom bench w/coat hooks! And so much more! http://youtu.be/wTYEZD_l7g4
Friday, March 1, 2013
March 2-8, Open House Information
Come out and see this great new construction homes located in The Preserve!
1997 Preserve Dr, 2035 & 2084
Mohican Dr, The Preserve...Sun. March 3rd, 1-3 pm
Contact Carl Miserendino,
334.734.1397, Prestige Properties, For More Information.
2154 Cardinal Lane, 2070 & 2090
Covey Dr, 1931 Sequoia Dr, The Preserve...Wed., March 6th, 2-4 pm
Contact Carl Miserendino, 334.734.1397,
Prestige Properties, For More Information.
1997 Preserve Dr, 2035 & 2084
Mohican Dr, The Preserve...Thurs. March 7th, 2-4 pm
Contact Sylvia M. Paul, 334.319.0491,
Prestige Properties, For More Information.
2154 Cardinal Lane, 2070 & 2090
Covey Dr, 1931 Sequoia Dr, The Preserve...Fri. Mar. 8th, 2-4 pm
Contact Sylvia M. Paul, 334.319.0491,
Prestige Properties, For More Information.Monday, February 11, 2013
2230 Turnbury Ln, Auburn, AL 36830
If your looking for a home with a amazing large wooded lot, flat, covered
patio, all the interior upgrades that include surround sound, granite and
upgrade cabinets, upgraded hardwood floors... then don't miss out on this home.
Craftman style home offers all the upgrades and is move in ready. Master bath
offers glass tile decos, double vanity and tiled shower.
View video at: http://youtu.be/RCFDnFMZ62k
View video at: http://youtu.be/RCFDnFMZ62k
Thursday, January 31, 2013
1813 Bluestone Ct, Auburn, AL 36830
Just like new! Immaculate one-level home with wonderful curb appeal. Large great room with fireplace. Open kitchen with bar area and breakfast room. Granite counters and lovely cabinetry. There's an office/study nook just off kitchen. The wonderful master bedroom has trey ceiling and access to the deck. The master bath is spacious with large double vanity, separate jetted tub/tile shower. The laundry room has cabinetry and a utility sink. There's a great deck just off the breakfast room for outdoor enjoyment. Great large backyard with privacy fence. This home is a must see! Subdivision HOA applies. Neighborhood pool and playground! Sidewalks throughout!
Friday, January 25, 2013
808 McLure Ave, Opelika, AL 36801
Friday, January 11, 2013
206 Lancaster Ave, Auburn, AL 36830
Desirable neighborhood near Downtown/Auburn Univ/Hickory Dickory Park/Publix!
Two great storage areas in garage,large screened/covered open rafter composite
deck,all new vinyl windows/siding,2010-2 new heat pumps,2009 new roof,new french
doors & all new paint throughout interior. Great room offers a large bay
window and woodburning fireplace. All four bedrooms and laundry are conveniently
located
upstairs.The master bedroom is HUGE!! There are two closets as well. Very large backyard with nice mature trees. Privacy hedging between next door neighbor.Home is located on a quiet street. This great home is move-in ready!New windows are vinyl, double pane, triple low e coated, argon filled windows.French doors off breakfast/kitchen lead out onto the great open-rafter covered screened deck!!!!
| upstairs. Call today for a showing! http://youtu.be/D2IcY14d-XM |
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