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Market News and Trends, The Business of Real Estate

Homebuyer Assistance Programs


In the years before the “mortgage meltdown,” special loan programs and assistance were everywhere.  In many ways, that is the reason for the meltdown itself, and the reason that qualifying for a mortgage loan is now more difficult and more complicated than it was then.  (Properly contained, fire can keep you warm or heat your food.  Applied improperly it can also burn your house down.  Too easy access to too many programs effectively burned our collective house down, and we are now rebuilding.)

That said, there is assistance available now for home buyers in special circumstances.  Here are a couple that are specific to the Austin area:

FHA Down Payment Assistance

Home Rehabilitation Loans

If I have an opportunity to work with homebuyers who are considering these programs or others like them, I will offer my best professional advice — and I may well suggest to many that they should just go save some money and buy a home later.  In the right situation, though, and for the right applicants, these programs may be just what’s needed.

In all cases, like a TV beer ad, I suggest “borrow responsibly.”

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About Bill Morris, Realtor

More than thirty years of business experience (high tech, client service, business organization and start-up, including many years in real estate) tell me that service is the key to success and I look forward to serving you. I represent both buyers and sellers throughout the Austin metropolitan area, which means first-hand market knowledge is brought to bear on serving your needs: -- Seller Representation is a comprehensive process that begins with thorough market analysis and consultation, continues with properly staging the home to achieve the highest price possible in a reasonable time on market, a complete program of marketing and promotion, ongoing updates and communication, closing coordination, and follow-up throughout (and after) the sale. -- Buyer Representation is also full service: shopping, previewing, price and market consultation, contracting, negotiating, coordination of inspections, appraisals, repairs, and closing details, and follow-up beyond the closing of your purchase to ensure your lasting satisfaction. Because the real estate industry is becoming more sophisticated and challenging every day, you need a professional that understands the industry and is positioned to stay ahead of the game. I go the extra mile to help you achieve your goals. That's why I constantly research the market and property values so your home is priced effectively from day one. I also make sure the public knows your home is for sale by using innovative advertising and marketing techniques to attract potential buyers.

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