Home for Sale at 193 S Skye Dr, Kerrville, TX 78028

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193 S Skye Dr
Kerrville, TX 78028

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Property Details

List Price:	$519,750
Beds:	3
Baths:	3
Status:	Active
SqFt:	1808
Agency:	R-Bar Realty

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Description/Comments

Lot Size:	--
Property Type:	Residential
Year Built:	2011
Notes:	Presenting 193 Skye Drive in highly desirable Highlands Ranch. This almost an acre partially wooded lot gives you ample room to stretch out from your neighbors. The Hill County style rock home features three bedrooms, two full bathrooms and a half bath for guests. The primary bedroom includes a walk-in closet, shower and separate relaxing bathtub area. The additional bedrooms are located across the home and connected by a Jack and Jill bathroom. The home also features a breakfast nook, formal dining area, and off kitchen utility room. However, the shining star of this property is the outdoor living spaces. They include a spacious 2-car garage and a workshop with ample storage, making this property perfect for hobbyists and DIY enthusiasts alike. The fenced area is ideal for pets to roam freely, while a high fence ensures your garden remains protected from roaming deer. A very thought-out addition to the property is the 2000-gallon rainwater collection, storage and UV filtration system attached to the workshop. If you are looking for the perfect blend of country living and city conveniences, this is it. Give us a call to schedule your tour today.
MlsNumber:	114889

Listing Provided By:	R-Bar Realty, original listing
Name:	R-Bar Realty
Phone:	(254) 326-8676
Office Name:	R-Bar Realty
Office Phone:	(254) 326-8676
Agent Name:	Jessica Robinson
Disclaimer:	Copyright Â© 2024 Kerrville Board of Realtors. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

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HUD Foreclosures

HUD foreclosures and VA Foreclosures are some of the best homes to buy when price is part of the equation. As with most Americans, price is always a concern. If not buying the same house for less, why not buy more house for the same dollar invested? When looking for a good deal it is hard to do better than the VA or HUD foreclosures market. The simple truth is that there are just more VA and HUD homes on the market, as they represent such a large number of mortgages that are generated each year. This translates into more foreclosures just by the magnitude of difference between all others comparing to the two largest.

The two largest also being government owned and operated means that they have less time to wait to make money back on the home. The FHA is especially known for selling HUD homes for less than the average sales price in a given area. FHA foreclosures represent a fraction of HUD but they are still a significant number of homes and both should be considered.

VA (Veterans Administration) and HUD (Housing and Urban Development) have different and unique opportunities for the buyer. Both are often forgiven for the local taxes normally associated with the purchase of a home (this is on a county by county basis). Be sure to ask the local title company or escrow company to look into it for you before closing as this is often missed due to their are not used to dealing with the 2 to 3 percent of the market that VA and HUD foreclosures represent.

Foreclosure Listings Increasing

As the market settled after the mortgage meltdown foreclosure listings also settled and fewer homes were on the market with a placard reading “Bank Foreclosure” in big red lettering. This was a good thing for the entire real estate market. Having an abundance of foreclosures brings the entire market down and it makes it harder for home owners, who would like to move, to get the appropriate price for their home as a similar home down the same street was sold for substantially less and the appraiser is using the foreclosure as a comparable sale.

This is just one of the problems when there are too many foreclosure listings in any area. Another issue is the television set that sits in everyone’s living room harping about the price of homes based on the number of foreclosures and this constant barrage of negative information makes most people sit on the sidelines waiting for the market to either implode completely or to correct itself. Meanwhile while they wait, others are buying foreclosure listings and making great investments.

Whatever the reason, a market can only handle so many foreclosure listings at any given time. The more foreclosures, the lower the market gets and this is a lesson the banks that were foreclosing and selling off realized too late. The market and their investments would have been better off if there had not been a rush to divest themselves of the toxic assets made more toxic by their own actions.

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