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November 2009

Found 6 blog entries for November 2009.

Tune in to listen to the Tri-Cities Real Estate Update with Lance Kenmore on NEWStalk 870AM KFLD every Saturday morning at 9:00 am.

This weeks broadcast topic is "Why a Team is Critical Right Now"! If your looking to sell your home within the next few months one very important thing to look at in your prospective Realtor is to see if they work as an individual or are supported by a team. This time of the year sales do slow down and some Realtors take extended time off due to the holidays. This week I'll share key questions to ask your prospective Realtor that will play a big role in your home selling in the slower months.

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Tune in to listen to the Tri-Cities Real Estate Update with Lance Kenmore on NEWStalk 870AM KFLD every Saturday morning at 9:00 am.

This weeks broadcast topic is the "Move Up & Make $6500"! If you haven’t heard the news, the Government wants to give you $6500 just for buying a home if you’re already in a home! This can be a 2nd property, a brand new home or a home you’ll turn into a rental! We’re going to continue to break it down this week.  Plus I’ll share how you can avoid the risk of paying two mortgages if you’re selling your existing home. Be sure to listen in!

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Tune in to listen to the Tri-Cities Real Estate Update with Lance Kenmore on NEWStalk 870AM KFLD every Saturday morning at 9:00 am.

This weeks broadcast topic is the "Big News - $8K & 6.5K!". If you haven’t heard by now, if you haven’t owned a home in 3 years or more the government has extended the $8,000 gift through April 30th AND if you’ve owned a home  for 5 years the government will give you $6500 just for buying a home!  We’ll discuss how you can put the most money in your pocket using these exciting new programs!  Plus if you own a home I’ll share how I can guarantee to sell it at a price and deadline you agree to or I’ll buy it! Check it out!

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Here is the Kenmore Team month end real estate market update for the month of October.

October 2009
Active Listings = 1008*
Listings Sold = 379
Average Sold Price = $181,900
Listings Under Contract = 362*
Average Days on the Market = 101

*As of May 2009 the way the Association calculates this number changed, so we have no accurate historical data to compare to.

As compared to last month, our active listing inventory stayed about the same going from 1011 to 1008. Our listings sold went from 286 homes sold in September to 379 homes sold in October. Our listings under contract went from 431 to 362. Average days on the market went down from 105 to 101.

Here is what is selling by price breakdown…

$0,000 - $149,999 = 37%
$150,000 - $199,999 = 32%

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Tune in to listen to the Tri-Cities Real Estate Update with Lance Kenmore on NEWStalk 870AM KFLD every Saturday morning at 9:00 am.

This weeks broadcast topic is "Leveraging Social Media and Technology". It’s all the buzzwords in Real Estate right now...are you leveraging social media and technology. Are you on facebook, twitter, zillow and more importantly is your house.  Tune in this Saturday as we discuss how technology is changing our business and how at the Kenmore Team we are using it to help buyers and sellers make better decisions.

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President Obama signed the Worker, Homeownership, and Business Assistance Act of 2009 into law today. The legislation greatly expands the First Time Homebuyer Tax Credit by making more first time homebuyers eligible for the credit and now includes homebuyers that are not first time homebuyers. This new legislation is a huge victory.

First Time Homebuyers
The current law is extended until April 30, 2010. Buyers have until that date to have a signed purchase agreement. There is an additional 60 day grace period to complete the financing. More first time homebuyers are eligible because the new law raises the annual income limits from $75,000 to $125,000 for singles and from $150,000 to $225,000 for married couples.

Current Home Owners
Over 60 percent of

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