St. Louis Real Estate-Market Watch March 7th, 2009

Saint Louis Real Estate-Market Watch by Art Wagner @ Keller Williams Realty Southwest, Sunset Hills, Mo.
March 7th, 2009
The Anatomy of St. Louis Real Estate

The St. Louis Home for Sale Team provides a weekly St. Louis County and Bi-weekly St. Charles County Market and Jefferson County Market Watch Report to review and plug into your home buying or selling scenario. Your questions and comments are welcome!

The St. Louis Real Estate Market this week is seeing good buyer activity in the lower price ranges, from $100,000 to $300,000. This activity is being spurred by the new first time homebuyer’s tax credit of $8000.00.

One note that some buyers may not be aware of is that this First Time Homebuyer’s Tax Credit is available to anyone, as long as you have not owned a home in the last three years. If you previously owned a home, sold it , or by some unfortunate circumstance lost your home, and are now renting or leasing for the past three years or more-you possibly could qualify for the $8000.00 tax credit.

We are also seeing increased interest from sellers and buyers in lease purchase and lease option solutions for their home buying or selling strategies.

Buyers, challenged by credit blips or lack of down payment money are opting for unique solutions in order to get into a home now.

Sellers, unable to sell their home now, are more and more receptive to a lease purchase or lease option solution to help them move forward with their goals and get into their new home they built or bought this year, with the hopes of selling their current home.

Lease Purchase and Lease Option solutions can be a great WIN-WIN for buyers and sellers, as long as both parties understand their relationships to each other and their respective responsibilities. Contracts for these solutions need to be executed correctly with a professional real estate expert or attorney, or both.

If you want more information regarding lease purchase or lease option solutions for your selling or buying goals, give us a call; we can help you with anything from general explanations to helping you work through the paperwork to complete your transaction.

REAL ESTATE AGENTS AND FOR SALE BY OWNERS- Are your listings and / or home sitting on the market too long?? 120 days or more?? We have a program designed to get your listing or FSBO home sold. Real Estate Agents get paid their commission in full. Contact us for more info.

WHO DO YOU KNOW NOW that is challenged with their mortgage payments OR needs to sell for less than their home is worth?? WE CAN HELP!!

WHO DO YOU KNOW that’s thinking of buying or selling a home?

Contact Doug Aegerter or Art Wagner for more information and a FREE Comparative Market Analysis (CMA) of your home or your neighborhood.

Fill out the form below to view the Market Report.

This entry was posted on Sunday, March 8th, 2009 at 6:53 pm and is filed under St. Louis Market Reports. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.