jeff sellers: Time to SELL??? - 10/05/09 11:51 AM
So, you are wondering the same thing that everyone else keeps asking...Is anyone still buying houses??? Are banks still loaning money for home mortgages? Can people still qualify?
Sure they are! YES...YES...YES!!!  First time home buyers are taking advantage of the $8,000 tax credit through November 30th 2009.  Interest rates are absolutely phenomenal right now!  Days on market in Lubbock are only a little over 100 from the time a property is listed until the day it is closed on...The Sellers Realty has averaged a very short 80 days on market in 2009!  Having sold 53 homes year-to-date for $8 million … (3 comments)

jeff sellers: Lubbock Homes are selling like crazy!!! - 04/21/09 10:18 PM
     So, how is the Lubbock real estate market?  WE'VE NEVER BEEN BUSIER!  HOMES ARE ABSOLUTELY SELLING LIKE CRAZY!!!  Jeff and Lisa Sellers are having a record month despite all the talk of the recession and the housing crisis.  We are so thankful to live in Lubbock,TX.
     Jeff and Lisa Sellers currently have 15 houses closing in the month of April, 2009 for a sales volume of $2,048,950.  They range in price from $85,000 to $395,000, with the average sale being just below $137,000.  May is gearing up to be another great month as well.  We already have 2 homes … (0 comments)

jeff sellers: Buyers or a Sellers Market? - 09/23/08 04:23 PM
 
Is it a Buyers or a Sellers Market?
This is the question we are asked very frequently. Typically a buyers' market is when there are more than 7 months of listed inventory for sale. In other words, it would take more than 7 months at the current selling rate to sell all the listed real estate in a particular market. A sellers' market occurs when there is less than 5 months of inventory. Many people forget about the third kind of market... the BALANCED market! This is where we have between 5 to 7 months of inventory. Lubbock currently has … (1 comments)

 

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