Foreclosures are still hitting the market in the East Texas area, not as bad as the beginning of 2009, but they are still appearing.  Some forecasters are saying that about 20% of the mortgages are significantly behind and they believe there is another wave of foreclosures coming along this Spring. 

 Though there can be some bargains out there - the road to buying a foreclosure or distressed sale is pitted with potholes!  There are a number of myths being propagated on television and other media that I want to address.

(more…)

Though not the economic disaster many other parts of the country are experiencing or as reported in the national media, the Tyler market slowed at the end of 2008 but is showing signs of picking up since the first of the year.  It is currently very advantageous to be a buyer in the Tyler market today.  Inventory has grown, sales rates have slowed and interest rates are at near historical lows.  The pool of qualified buyers is smaller making for less competition to purchase a home - the days of multiple offers and bidding wars are now over.  Needless to say, it has made it easier for buyers to find the right home and negotiate the right deal.
(more…)