5402 8th St, Lubbock TX & Lubbock Market Update

5402 8th St

This great home is fresh, bright, move in ready and priced under 110K!  Home mortgage interest rates are creeping up!  So if you want to buy your first home, move up, or down size, now is the time.

I have been amazed at our real estate market here in Lubbock.  For me the awareness of the shift began last November.  I was looking for our usual slump, November through January, and it just didn't happen.  Home buyers kept buying so of course listings were selling.  Then in the Spring Lubbock's market officially shifted from buyers market to sellers market.  So in recent months, lots of multiple offers, houses selling FAST!

If you don't have a trusted REALTOR in your circle of family, friends, colleagues, please LIKE me on Facebook!  From there you will have all my contact information and I'll always be just a FB message or call away. 

Luckily, this is a great time to live and own a home in Lubbock!

Mary Benton, REALTOR
Keller Williams Realty
806 790 1026

Condo Near Texas Tech University

I have a really cute 2/2.5 condominium listed for sale just four blocks from TTU!  This unit is in a gated complex and has 2 covered parking spaces.  If you are a Texas Tech student or on faculty at Texas Tech, this is a great option for you.  Let me know if you want to see this or other Lubbock, TX homes!

2110 Main St Unit 5

Mary Benton, REALTOR
Keller Williams Realty
806 790 1026

FHA LOAN CHANGES to impact LUBBOCK HOME BUYERS!

 If you or someone you know are looking for a home or thinking about buying soon, it is financially advantageous to get UNDER CONTRACT prior to June 1.  If you plan to buy a home anytime soon, time is of the essence.  Please forward this note to any friends, colleagues, relatives who may be in the market to buy, including those who need to sell a home to move to a larger or smaller home.

 

In early June there will be a big change in FHA loans.  The MIP (mortgage insurance premium) that has typically been part of your monthly payment for a few years will now be included for the life of your loan!  When you get your home loan, this MIP may only increase your monthly payment by perhaps 30.00 - 60.00 a month, but over 30 years it is a lot of money.

 

Please let me know if I can help you find a Lubbock home in the next few weeks.  How to get started?  If you have not already, do meet with a lender.  I can provide you a referral.  Send me a detailed list of what you want in a home including size, price range, and preferred location.  I will then do searches of homes listed in Lubbock's MLS and forward matches to you by email. You let me know which you want to see, I get an appointment and we go tour those homes. 

 

Partly due to this FHA change, supply/demand, and the season, Lubbock homes are selling fast.  If you find a home you really like, you should not take long to make an offer.  And if you have a home in Lubbock or the surrounding area to sell, you maximize your prospects by listing now while buyers are trying to beat this FHA loan change deadline.  

 

If you have any questions just send me a note or call.  I am here to help with anything real estate!

 

Mary Benton, Lubbock REALTOR

Keller Williams Realty

806 790 1026

 

marybenton@kw.com

 

LIKE ME ON FACEBOOK!

 

 

 

Ransom Canyon Lots! 38, 40 W Lake Shore Dr

38, 40 W Lake Shore Dr

If you want a home in Lubbock, tx but wish for a view...how about a short 20 minute drive to lovely Ransom Canyon.  These lots have wonderful views of the meadow, water and canyon.  This community is amazing with great folks, families, a pool, the lake - West Texas beauty at its finest.  Call Ransom Canyon home.  If you are interested in and don't want to build, there are great homes for sale in Ransom Canyon.  Call me!

Mary Benton, REALTOR
Keller Williams Realty
806 790 1026