Archives for March 2021

Turn To An Expert For Advice

March 16, 2021 by chorton Leave a Comment

As we approach the anniversary of the hardships we have confronted during this outbreak and the following recession, it is normal to reflect everything that is changed and wonder what is ahead for 2021. When there are indications of economic recovery as vaccines have been issued, we have quite a ways to go. It is at times like those we need exact details regarding anything we are doing. That advice brings knowledge, and this also gives us a feeling of comfort and relief in uncertain times.

If you are considering purchasing or selling a house now, the identical demand for advice is extremely real. However, as it’s such a major step in our lives, which need for clear advice is much greater from the home buying or advertising process. Given the present level of total stress, we need that information to be genuinely perfect. The challenge is, nobody can provide one of”ideal” advice. Pros can, however, give one of the very best information possible.

Let us say you want an lawyer, in order to find an expert in the kind of law needed for your circumstance. When you visit her office, then she will not instantly inform you how the situation will end or the way the jury or judge will rule. If she would, this would be ideal information. What a fantastic lawyer can perform, however, is to discuss together with you the best strategies you may take. She might recommend a couple of approaches she thinks will be perfect for your situation.

She will then make you decide on which option you need to pursue. As soon as you pick, she will be able to help you put a plan together depending on the facts at hand. She will help you attain the best possible settlement and make all of alterations from the plan are required to ensure that outcome. That is a good instance of that the very best information possible.

The part of a real estate specialist is like the part of a lawyer. A broker can not provide you perfect advice since it is not possible to know just what’s going to occur through the trade — notably in this market.

A broker can, however, provide one of the very best advice possible dependent on the situation and information in the hand, guiding you throughout the procedure that will assist you create the necessary alterations and best choices on the way. A broker will direct you into the best deal available. That is just what you would like and deserve.

If you’re thinking of buying or selling this year, contact one of our local real estate professionals to make sure you get the best advice possible.

The Cost Of The Home Is More Important Than The Price

March 15, 2021 by chorton Leave a Comment

Housing inventory is at an all-time lowcost. You will find 39% fewer houses available today than at this time this past year, and buyer demand continues to set records.

Whenever there’s a shortage in supply of an item that is in high demand, the cost of the item increases. That is exactly what’s going on in the real estate market at this time. CoreLogic’s latest Home Price Index reports that values have risen by 5.5% over the last year.

This is great news if you’re planning to sell your house; on the other hand, as either a first-time or repeat buyer, then this might instead look like upsetting news. Nevertheless, buyers should understand that the cost of a house is not quite as vital as the price. Let’s break it down.

There are lots of factors that influence the expense of a home. The two major ones are the cost of this home and the interest at which a buyer can borrow the funds necessary to buy the home.

Last week, Freddie Mac announced that the typical rate of interest to get a 30-year fixed-rate mortgage has been 2.87%. At this time this past year, the speed was 3.73 percent. Let’s use an illustration to see how that gap impacts the true cost of a house.

Assume you bought a house last year and took out a $250,000 mortgage. As mentioned previously, home values have increased by 5.5% during the last year. To purchase that same house this year, you would need to take a mortgage at $263,750.

The difference in monthly payments based on today’s low mortgage rates.

That’s a savings of $61 monthly, which adds up to $732 annually and $21,960 over the life of the loan.

It’s a great time to sell your home cause of low inventory and buyers ready to buy and a great time to buy a home cause mortgage rates are at historic lows.

Contact our office today to get you started on the path to your dream home!

Texas Housing Insight By: Luis B. Torres, Wesley Miller, Paige Silva, and Jacob Straus

March 12, 2021 by chorton Leave a Comment

The Texas housing market was off to a solid start at the beginning of 2020 as mortgage interest rates declined. Sales activity plummeted in March and April, however, due to the emergence of COVID-19 and a mandated economic shutdown across the state. Nevertheless, homebuying demand accelerated during the summer for those less affected by the pandemic as remote-work-and-school spaces prompted the desire for additional space in the house, interest rates continued to fall, and more millennials entered the housing market.

Click on link to read more.

https://www.recenter.tamu.edu/articles/technical-report/Texas-Housing-Insight

Three Ways You’ll Win When You Buy A Home

March 11, 2021 by chorton Leave a Comment

There are many great reasons to purchase a house, and within the last year, we have realized a lot of them than we ever believed possible. If you’re a first-time homebuyer, acquiring a house of your own may provide you a greater sense of security and achievement in a time that’s largely uncertain. If you are a repeat buyer searching for your dream home, making a move could provide you the space or characteristics you need to find more success and happiness in a fresh normal lifestyle. Whatever your motives are, here are 3 reasons why getting a homeowner today might help you win big in the long term.

1. Buying a Home Is a Great Investment
Several recent reports indicate that real estate remains a great investment, topping other options such as stocks, gold, bonds, and savings. Why? Real estate makes it possible to construct equity, a type of forced savings which develops your net worth.

2. Mortgage Interest Rates Are Low
The Primary Mortgage Market Survey from Freddie Mac indicates interest rates to get a 30-year mortgage have fallen as November 2018 if they struck 4.94%. In their most recent prediction , Freddie Mac expects rates to stay low, leveling out to an average of 2.9% in 2021.

When you get a home in a low mortgage rate, it is going to affect your monthly mortgage payment, giving you the chance to probably get more house for your money.

3. Investing in Your Future Pays Off
There are a few tenants who have not purchased a house yet because they’re uncomfortable taking on the obligation of a mortgage. What many tenants do not realize, however, is the monetary power of equity.

As a homeowner, your monthly payment becomes a kind of’ ‘forced savings’ you can reinvest later in life as you see fit. You can use it in many different ways, like to finance a loved one’s schooling, proceed up to a bigger home, or begin your own business. As a renter, you are actually growing your landlord’s equity rather than your own.

If you’re prepared to put your monthly obligations to function for you and take actions toward these dreams and goals, buying a home may be the way to go, especially as rental costs continue to rise.

Buying a home sooner rather than later could lead to substantial savings and long-term financial growth. Reach out to Preferred Properties of Texas today to determine if homeownership is the right choice for you this year.

The Importance Of Pricing Your House Right

March 10, 2021 by chorton Leave a Comment

Even in today’s seller’s market, placing the ideal price for your house is one of the most valuable things you can do.

When it comes to setting the ideal price for your residence, the goal is to increase visibility and drive more buyers your way. Rather than attempting to acquire the discussion with a single buyer, you should price your house so that demand is maximized, and more buyers want to have a look.

As a vendor in the current market, you could be thinking about pricing your house on the high end while so many of today’s buyers are searching harder than ever simply to locate a home to purchase. It’s actually more likely to deter buyers.

Right now, even if there are a lot of homes for sale, your home is more likely to take a seat in the marketplace longer or require a price fall that may send buyers operating if it’s not priced just right from the very start.

When you buy it competitively from the start, you will not be bargaining with one buyer. Instead, you will likely have multiple buyers competing to your home, possibly increasing the last sale price.

The secret is to ensure that your home is priced to sell immediately. In this manner, it will be seen by the greatest number of buyers. Over one of them might be interested, and it will be more inclined to sell in a competitive price.

Give us a call to find out what your home is worth in today’s market.

Living in a Show-Ready House

March 4, 2021 by chorton Leave a Comment

Your home looks amazing. You have cleaned, decluttered, cleaned again, and followed the help of a professional stager. How do your loved ones continue to reside there without destroying it?

Use Containers. You require somewhere to place your keys, the email, the TV remote control, toothpaste, cosmetics, and many other items that typically jumble flat surfaces in the home. Set a basket or Tupperware container in areas where clutter can re-emerge. If you leave the home, put the containers at a cupboard or take them with you.

Choose a Room. Have children? Pets? Designate a space which will be resided in generally. It is where the youngsters can ditch the Legos on the ground and you’re able to place the kitty’s litter box. When it is time for a showing, the wreck will probably be in 1 place rather than throughout the home.

Create a Checklist. Create the beds. Put out the good towels. Drain the litter box. Set the containers from the cupboard. Write down what should occur every day until you leave the home to bring back the property into the show-ready condition.

Our agents have experience listing houses for sale, so give us a call for suggestions to help your property keep looking its best.