Tim Houk

Well you have a LOT to choose from.  There are currently 652 Condo’s on the market in East Baton Rouge Parish.  Here’s the bad news: without 10-20% down you may not get one.  I was told by 4 lenders in the past few days that the criteria for purchasing a condo has gotten very strict.  There are warrantable, which has more owner occupants than investors and leased out units, and warrantable.  There are a few complexes in town that are FHA approved which will require less down. I have been also working with the ONLY lender in town who can do 100% financing, but the requirements are STRICT.  Call me for details if you are interested in finding out more details!

Tim Houk

Just a short bit of my dealings as of late.  Rates have been fantastic which is increasing the amount of buyers that I have.  However, getting to the closing table takes a little longer.  My average closing time the past few months has been 45 days, with some lasting quite a bit longer!  Don’t get me wrong, I don’t want to discourage anyone.  However if you are in the market to purchase a home, expect the purchase time to be a little longer than usual and plan accordingly.  Don’t let the media fool you, its a GREAT time to get into a home.  Prices are falling and there are deals all over the place.  Call me and lets set up a consultation IMMEDIATELY!

TIM HOUK

KELLER WILLIAMS REDSTICK PARTNERS

WWW.TIMHOUK.COM