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Congress has passed new legislation that extends the First-Time Home Buyer Tax Credit of up to $8,000 to first-time home buyers until April 30, 2010 and expands the credit to grant up to $6,500 credit to current home owners purchasing a new or existing home between November 7, 2009 and April 30, 2010. Follow this link for more information on the homebuyer tax credit .
Huntsville’s real estate market remains stable to improving in the face of national housing bubble burst.
Taking into account seasonal variation the Huntsville market grew steadily throughout 2009. December 2009’s median selling price was $169,900, up nearly 3 percent from December 2008. 400 homes were sold last December an increase of over 34 percent from December 2008. The average days on market for homes sold in December was 88 days an reduction of 27 days compared to 115 days in December 2008.
Home sales and prices in the Huntsville Real estate market remained relatively steady with signs of improvement last year. Sales of larger more expensive homes were slower causing the median sales price to slip a bit. The median home sale in 2009 was $168,317, compared with $172,733 in 2008 and $169,275 in 2007. The slipping of sales prices of more upscale homes was cause by a combination of overbuilding in anticipation of the influx of BRAC positions, more stringent home mortgage guidelines and of course the slowing economy.
Philip Winburn / Rosenblum Realty Inc. 2314 South Memorial Parkway Huntsville, AL 35801
Phone: (256) 797-4570
Fax: (256) 539-9505
E-mail: philipwinburn@mchsi.com
Twitter: http://twitter.com/philipwinburn
When we accepted a new job in Huntsville at Raytheon, the relocation company assigned us a realtor . That realtor either didn’t understand the local Huntsville real estate market or didn’t want to invest the time to assist us in our move from Tucson. We found Philip online at the www.Huntsville-Homes.com website. Philip was just what we were looking for. He told us about areas of Huntsville to consider and started sending us properties that would meet our needs while staying in our price range. Since we didn’t have much time, he previewed houses for us, sent additional photos and gave us his impression of the homes he viewed. When we made our house hunting trip we had narrowed our search down to just a few houses. Philip helped us determine what to offer for the house and negotiated what we feel was an exceptional purchase. He helped us set up home inspections and informed us about the risk of dangerous radon levels in Huntsville and specifically in the area where the home we picked to buy is located.
After the inspections Philip helped us negotiate to have several repair items corrected. We were pressed for time when we flew back into Huntsville for closing and Philip helped us have our utilities turned on and to get to closing. We were blessed to have found philip and plan on calling him we start to look for investment homes in Huntsville once we get settled in.
~ Jason and Avery
We really appreciate Mr. Winburn and all he did to help us buy our new house in Huntsville. Before finding Mr. Winburn we had some bad experiences with other realtors and were worried that we wouldn’t find someone we could trust. Over several months Mr. Winburn helped us look for properties and to learn the local real estate market. He was patient and spent whatever time we needed to answer our questions and to find the right house. Mr. Winburn helped us negotiate a great deal and assisted us with setting up our financing and home inspections. He followed up with us after closing to make sure that important details were taken care of. Again, we are thankful and appreciative of what Mr. Winburn was able to do and continues to do for us.
~ Jason and Candice
My daughter couldn’t believe how quickly our house sold. We couldn’t have asked for the sale to go better. Phil helped us get the house ready to go on the market and showed us his research so we knew where to set the price. He helped us work through some issues that were found during the home inspections and kept us informed throughout the entire process.
~ Jo Anne and Gerald
Philip’s notes; Gerald and Jo Anne were a joy to work with and did everything right in getting their house ready to sell. It only needed a few minor finishing touches to get it ready for market and staged for showings. We researched sales activity of similar properties and they agreed to price the house within the market range. It was remarkable that the first person who saw the house made an offer and we were under contract in just four days. Even after we went under contract we had realtors and buyers calling to ask if there might be a chance the sale would fall through and if they could still see the house.
Thank you for all your hard work in helping me find and purchase the perfect house here in Huntsville. I appreciate all the extra work you and Christina did to make sure the purchase went through and to protect my best interests. Moving to a new area is always difficult and a challenge but your help and going beyond what a realtor would normally do made the move much easier. I know that I got a great deal and through the home inspection that the house is safe and in good condition. (I had heard of radon but didn’t understand how important it was to have a radon inspection done.) I’m so happy that my sister and niece both recommended that I call you after you had helped them purchase their homes when they moved to Huntsville.
~ACPhilip’s notes; Several years ago AC’s niece and her husband contacted me from one of the smaller Japanese islands where they were working at an American School. The husband had one afternoon in Huntsville to search for a house to purchase before their move to Huntsville. After viewing dozens of houses we focused on one but were not able to negotiate a favorable price and terms. After the husband returned to Japan we started negotiation on another house. We negotiated the price and terms we wanted and started working, long distance to get to closing. We arranged and coordinated the home inspections and helped put together the funding for their purchase. The process was unusually difficult because of the time zone and language differences. Much of the buyer’s documentation was in Japanese and they had to travel by ferry and bus a full day to the U.S. Consulate to have documents notarized.
A year after the niece and her husband purchased, AC’s sister contacted us through the niece’s recommendation to help them relocate to Huntsville. When AC decided to join her family here she called us.
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