May 2014 Tech Terrace Homes

Good Morning!!!

Today there are 34 homes for sale in Tech Terrace with prices ranging from $84,900.00 through $795,000.00.  Many people choose to live in Tech Terrace because of the proximity to Texas Tech and others just love the diverse architecture, mature landscaping, and sense of community.  I'm on standby to help you if you want to buy or sell a Tech Terrace home.

Why you will want to choose me if you are considering buying or selling a home in Tech Terrace:

This great area has been a constant in my life for many years now and I know the lay of the land.  I have been blessed to be able to pick up my grandchildren after school...they all attended Roscoe Wilson and now my youngest attends Hutchinson Jr. High.  Both these schools are in the neighborhood. 

My husband and I lived in a precious bungalow on 22nd Street for almost 5 years and made many good friends in the neighborhood.  I still love to drive through the tree lined streets.

I have a love/appreciation of older homes and understand the value.  Many Lubbock agents would not live in Tech Terrace because they don't appreciate the charm and character in these homes and some do not like the diversity of the people and architecture.  If an agent doesn't understand why people would choose to pay so much for a Tech Terrace home - don't let them try to sell your home!

I know about homes available, how many times they have been on the market, which homes might be 'coming soon'.

I am a Lubbock REALTOR with close ties to the Texas Tech community after working there for 14 years.  I work with departments to help their incoming faculty find homes and many want to live in Tech Terrace.

I have worked with numerous students and their families who buy in Tech Terrace so they can walk/bike to school.  I provide guidance about resale potential after graduation and what it takes for students to be good neighbors.

Check back here often for updates on listings in Tech Terrace, buyers looking for specific size/price homes in the area, neighborhood events, and more.  Contact me with any questions about Tech Terrace specifically and Lubbock real estate in general.

Note:
Tech Terrace in Lubbock is a neighborhood bordered by University Avenue to the east, Indiana Avenue to the west, and 19th and 34th Streets to the north and south.  Some residents say that the true Tech Terrace is much smaller, being defined by Flint & Indiana and then 19th to 24th Streets.   Regardless how one chooses to map the area, this is a popular and hopping neighborhood.

Mary Benton, REALTOR
Keller Williams Realty
806 790 1026
marybenton@kw.com
www.marybentonhomes.com

Also...like me on my Facebook business page...Mary Benton, REALTOR...then I'm just a FB message away if you need me.

Things Change in Tech Terrace - 2014 Update

Some things remain constant - some change.  Just an FYI that Tech Terrace homes I feature from time to time may sell, be taken off the market, or the price may decrease of increase and I have no control over these things.  If you see something here you are interested in please check the posting date and if reasonably recent, contact me to see if it is still available.

Best ways to reach me include my email (marybenton@kw.com), my Facebook Page (Mary Benton, REALTOR), and my phone (806 790 1026)

Tech Terrace remains a wonderful place to live, play, and visit.  I did some research and

In Tech Terrace now, current listings here is what I found:

 

Homes listed for sale - 25

Average Price Per Sq Ft - 98.72  (this is asking price)

 

SOLDS for past 6 months

Homes Sold - 30

Avg Price per sq ft - 88.13

Avg List/Sale price % - 96.18 (sales price versus original list price)

Avg Days on Market - 39

 

If you are looking to buy or sell in Tech Terrace (or U.N.I.T) now is a good time.  Contact me if I can assist you! 

 

Have a great wintery Monday!

 

Mary Benton, REALTOR

Keller Williams Realty

Tech Terrace Home Shoppers will be impacted by FHA loan changes.

 If you are shopping for a home it is financially advantageous to get UNDER CONTRACT prior to June 1.  If you plan to buy a home in Tech Terrace or elsewhere anytime soon, time is of the essence.  Please forward this note to any friends, colleagues, relatives who may be in the market to buy, including those who need to sell a home to move to a larger or smaller home.

 

In early June there will be a big change in FHA loans.  The MIP (mortgage insurance premium) that has typically been part of your monthly payment for a few years will now be included for the life of your loan!  When you get your home loan, this MIP may only increase your monthly payment by perhaps 30.00 - 60.00 a month, but over 30 years it is a lot of money.

 

Please let me know if I can help you find a Tech Terrace or Lubbock home in the next few weeks.  How to get started?  If you have not already, do meet with a lender.  I can provide you a referral.  Send me a detailed list of what you want in a home including size, price range, and preferred location.  I will search Lubbock's MLS and forward matches to you by email. You let me know which you want to see, I arrange appointments and we go tour those homes.  Visit my website at www.marybentonhomes.com to get started. 

 

Partly due to this FHA change, supply/demand, and the season, Lubbock homes are selling fast. Lubbock homes for sale in Tech Terrace are becoming very limited!  If you find a home you really like, you should make an offer.  And if you have a home in Lubbock or the surrounding area to sell, you maximize your prospects by listing now while buyers are trying to beat this FHA loan change deadline.  

 

Tech Terrace For Sale By Owner - I have talked to several home owners in Tech Terrace who are selling their homes on their own and I do have permission to show the homes and to bring & represent buyers.  You don't have to go in on your own without representation if you want to see a Tech Terrace For Sale By Owner home.

 

If you have any questions just send me a note or call.  I am here to help with anything real estate, particularly in Lubbock and surrounding communities and in Tech Terrace.

 

Mary Benton, REALTOR

Keller Williams Realty

806 790 1026

marybenton@kw.com

 

 

 

Multiple Offers on Tech Terrace Homes!

Tech Terrace homes are selling like hotcakes! Today there are only 17 Tech Terrace homes left on the market. This is about half of what the inventory has run since 2008.

This is a CALL TO ACTION for Tech Terrace Home Buyers and Tech Terrace Home Owners!
If you own a home in Tech Terrace and would like to sell but have been waiting for the right time, this is it!

If you want to buy a Tech Terrace home and haven't started looking yet, you'd better get started!
Lubbock's real estate market throughout the city has shifted to a SELLER'S MARKET. There are fewer homes available than there are buyers so seller's don't have to make as many concessions or keep their home on the market for as long as in recent years. (condition and pricing will still impact how long it takes your home to sell!)

This newly established seller's market has been most apparent to me this week in TECH TERRACE in particular and in all homes throughout Lubbock in the 100 - 125K price range. Multiple offers/bidding wars are becomeing more common and buyers who present low offers are frequently having to walk away frustrated and disappointed.

I've been a Lubbock Realtor since 2007, I am a Tech Terrace advocate, former resident, and tremendous REALTOR for you if you are looking to buy or sell a Tech Terrace home. Of course I help folks throughout Lubbock and the surrounding areas with anything Real Estate.
 
Mary Benton, REALTOR
Keller Williams Realty
marybenton@kw.com

Tech Terrace Real Estate Update

See my April 20, 2013 update on Real Estate in Tech Terrace and Lubbock!  Tech Terrace homes are selling.  If you own a Tech Terrace home and have thought about selling, call me!!! 

This link is cool, safe, takes you to my long-established Active Rain blog.  If you are 'link' shy, stay tuned and I'll get you more info right here in Blogger!

http://actvra.in/TKs


Mary Benton, REALTOR
Keller Williams Realty
806 790 1026

LIKE ME ON FACEBOOK!

Tech Terrace Inventory Shrinking!

There are only 21 Tech Terrace area homes listed for sale in our MLS today.  The Avalanche Journal and other media sources have reported that Lubbock's housing market is becoming more active and that a shift has taken place from a buyer's to a seller's market.  This trend is reflected in housing in Tech Terrace. 

In recent years it has been rare to have fewer than 28 homes on the market in this wonderful neighborhood near TTU.  Rumor has it that several homes that have gone under contract in recent weeks have had multiple offer.  This trend is great for sellers and not such great news for you if you want to buy a home in Tech Terrace.  HOWEVER, don't dismay there are still good options and most sellers are still willing to be flexible - just not as much in the past.  With more buyers than homes, sellers don't have to make as many concessions as they have in recent years.

Tech Terrace Homes For Sale Overview (as of April 12, 2013). 

Homes listed for sale - 21
Price Range - 92,000.00 through 549,000.00
Average Days on Market - 88
Average Price Per Sq Ft - 90.19

The home that I have listed for sale is located at 3301 21st Street is bargain priced at only 66.87 per square foot.  The lowest price per square foot home in Tech Terrace!  Call me for more info on this one.

If you want to buy in Tech Terrace - call me.  I believe I know the area better than any other Lubbock Realtor.  If you want to sell a Tech Terrace home - absolutely call me.  I appreciate the appeal and value of the older homes in this area while many of my colleagues will say they don't understand why a buyer would pay so much for an 'old' house. 

Serving all of Lubbock, surrounding communities, and especially Tech Terrace - I look forward to helping you with all your real estate needs.

Mary Benton, REALTOR
Keller Williams Realty
806 790 1026
marybenton@kw.com




Mary Benton, Tech Terrace Realtor

Tech Terrace Homes Fall 2011

I just checked and found 29 homes currently for sale in Tech Terrace that are listed in Lubbock's MLS. If this is a neighborhood you want to live in I can help you find the right home.

Prices of these Tech Terrace homes now range from $75,000.00 for a bungalow on 33rd, (which is actually south of Tech Terrace proper) to $600,000.00 for the marvelous historic Underwood House on 19th Street.

I also did a bit of research to see what has sold recently in the Tech Terrace neighborhood. Tech Terrace homes are selling! Looking from May 1st through today, 53 Tech Terrace homes have either sold or are now under contract. This popular neighborhood astounds some but those who know and love Tech Terrace are never surprised that homes here are in demand!

I love working with folks buying and selling homes in Tech Terrace. Do you want to buy a home in this area? Call, text or email me! If you have a home to sell here, don't choose a REALTOR who doesn't love the Tech Terrace neighborhood. They will not be the best person to represent you and your home! If you have a Tech Terrace home you have considered selling, let me start work for you today.

Have a great Fall all!

Mary Benton, REALTOR
Keller Williams Realty
(806) 790-1026
marybenton@kw.com
www.searchlubbockhomes.com