April 2013

There are 10 blog entries for April 2013.

The United States Department of Agriculture, the USDA, has a home loan program that might be helpful to you. In order for individuals to receive the loan, the household income must be at a certain level to be eligible. Also the home that you wish to purchase must be in an eligible rural area that is defined by the USDA.

            The 502 loan is in place so that low income families have the opportunity to buy a home in a rural area. The funds that are received can be used to repair, build, relocate, renovate, purchase, and prepare a home site like adding sewage and water facilities.

            There are some eligibility requirements for the loans. Applicants must be low or very low income. Very low income is defined as being below 50% of the area

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College Station is known as the Research Valley because it’s a center for medical research. The Research Valley is always growing and is now moving toward becoming the Research Valley biocorridor. The biocorridor will be a collaboration among clinicians, scientists, government, students, area residents, and commercial partners. The goal is to promote innovation and education while accelerating the economic growth in our area. The idea is that entrepreneurs, researchers, industry leaders, students, and sponsors will work together to solve challenges in the field of global health. The biocorridor would work with research for humans, animals and the environment. The One Health PlusTM  biocorridor is driving innovation for the biotherapeutic and

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Completely renovated home that sits on a corner lot and located on a cul-de-sac street in the much desired Copperfield Subdivision. This 4 bedroom 2bath home was gutted and updated; new hand-scraped hard wood floors, granite counters in the kitchen and master bath, ceramic tile floors, new stand up glass shower, extensive tile work, new appliances and much more. It is within walking distance to Sam Houston Elementary and has a nice fenced back yard. After all the updates, this property is priced to sell quickly. Bring all offers, it will not last long.
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Beautiful corner lot home in the much desired Pebble Creek golf community. Backyard is a must see, and the interior layout has raised ceilings and open floor plan. Over-sized master bedroom  with sitting area, two living areas, two dining areas and a large game room upstairs has endless possibilities. This is a great floor plan and its priced well below tax appraisal. Bring all offers will not last long.

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Generally, the spring and summer months are the busiest time of the year for residential real estate. According to data provided by our local mls, homes sold in B/CS have consistently peaked during the months of May, June, and July. I found it both interesting and exciting that the number of homes sold each year has been increasing over the past 2 years, and this trend is expected to continue.  

Snapshot of March Real Estate Market: March 2012 vs March 2013

  • 187 - individual units sold, 25.5% more units sold than March 2012
  • $191,214 - monthly average price of single sale, 1.3% higher than average in March 2012
  • $33,859,431 - total monthly sales, 27.1% more sales than March 2012
  • 136 - homes sold between $100,000 and $250,000, 26% more
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 John Sharp, Texas A&M University System Chancellor, announced that the annual economic impact of the A&M System in the Bryan/College Station area is more than $4 billion per year. This number has almost doubled over the last decade and is a first for the system at Texas A&M. The reason for the increase was the involvement of students and visitors attending sporting events and other campus activities.

The Rise

The students of Texas A&M have contributed $470.5 million to the local economy because there are a record number of students on campus this year. Fall 2012 had an enrollment of 50,227 compared to the 49,861 from 2011. Student’s expenditures include school supplies, food, housing, recreation and much more. With the record number of students at A&M

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UPDATED THROUGHOUT, CLEAN AND WELL MAINTAINED! Don't miss this fantastic 3bed/2bath house in Allen Forest! Features include large trees great for shading the house on summer days, large living room with fireplace, open kitchen with tons of cabinet space, spacious master bedroom with large walk-in closet, 2in. wood faux blinds and updates throughout. New water heater in 2008 and updated appliances. Enjoy the covered back porch and large back yard great for entertaining! What more could you ask for?

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As a realtor, the recent announcement that Texas A&M will be receiving a federal grant to develop and manufacture pandemic flu vaccines, has me thinking about the impact this will have on the College Station real estate market. It has been announced that TAMU will receive a federal grant worth $176 million over five years allowing them to house one of three new national centers for fighting bioterrorism. The Development of the Center for Innovation in Advanced Development and Manufacturing in Bryan-College, Station, Texas will have a major economic impact on Brazos Valley including the creation of roughly 1,000 jobs. According to Governor Perry, “The Texas A&M Center, anchored by this facility, is expected to bring more than $41 billion in expenditures

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Step into this spacious custom home in The Estates at Creek Meadows.  With an open, 3-way split floor plan, 12 ft ceilings, lots of natural light and huge picture windows, this home is very attractive. The kitchen entertains a large island, all stainless appliances and 2 pantries.  The Master bedroom includes windows looking into the back yard, and the bath includes a jetted tub, separate shower, double vanities, and large walk-in closet with plenty of built-ins. 2 additional bedrooms with a Jack-N-Jill bath & double vanities are off of the breakfast/kitchen area and the 3 bedroom & bath is in the front area of the home.  Great price for a home in The Estate at Creek Meadows! Come see it!

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Here at TM5 properties, we talk a lot about Southside Historic District and how it’s a desirable community to live in. All the talk about this community got me thinking. What makes a community a historic district? Why are historical districts desirable to live in? Historic districts require better upkeep of homes and yards which leads to better home values, community unity, neighborhood pride, and a spike in local tourism. These qualities drive people to want to live in historic districts, and Southside is no exception. Historic districts possess a concentration of sites, objects, buildings, and structures that are aesthetically or historically pleasing.  Historic districts are traditionally residential areas that have several buildings constructed in the

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