Preferred Properties of Texas

The Preferred way to buy and sell property for over 25 years

The Biggest Factor in Determining the Price of a Mortgage

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Interest Rates – What You Need to Know

There are certain terms that you need to understand at this point. One is the principal. It refers to the amount of money that you are actually borrowing in order to pay for the price of your home. On top of paying the principal off, there is also a need to pay the interest. This extra amount is an additional earning to the lender. These rates usually come in the form of a percentage from the principal that is left to be paid. This is added to the monthly payments.

The trust of the lender in your capability to pay off the loan determines the interest rate. Because of the fact that interest rates are added to the overall price of the home, it is as important to take into consideration the way in which your financial situation may have an impact on the interest rates, as well as the actual amount that you pay.

How Are Interest Rates Determined

In general, there are three factors that affect the way in which interest rates are determined.

  • Credit Scores

Put yourself in the shoes of a lender. How will you be able to know that you can trust someone who is borrowing money from you? One of the best ways in which you can do so is by looking at the credit scores of a potential borrower. The credit score refers to the number that determines your credit history. Each time you purchase real estate, open a financial account or take out a loan, the credit score of a lender may be affected.

Buyers who have higher credit scores often have better credibility, and as such, can get lower interest rates compared to buyers with lower credit scores. Your capacity to pay off your mortgage will also have an impact on the overall credit score, which is why it is essential to choose a mortgage option with an affordable interest rate.

 

  • Down Payment

The mortgage loan will pay the total price of the home, and you can remove a big piece of this price by paying a bigger down payment. A bigger down payment also provides you with the opportunity to pay less interest. For example, if you pay 20% down payment on your home, you can expect a significantly lower interest rate compared to actual buyers who are only paying 5% or 10% down.

The reason behind this? If a buyer is equipped with enough financial resources to pay a bigger down payment, it is more likely that lenders can give the trust that they will pay the rest of the house better. This means a lower level of risk, which merits buyers with a lower interest rate.

  • Economic Status

The general life of a mortgage loan is 30 years. Within this period, a lot of things may change in the economy, including your capacity to pay. A good economic status at the present may suddenly shift in the next few years. In order to be guided accordingly, discussing your options with a financial advisor can help. The discussion can include deciding on the best time in which you can take out a mortgage loan.

Tips on Getting a Better Interest Rate

The following are some tips in which you can get a better interest rate:

  • Look around for options on various offers.
  • Pay a bigger down payment for your home.
  • Observe and wait for the interest rates to go down in your area.
  • Make sure that you improve your credit standing and score. This means paying off debts, paying bills on time, and taking care of your credit card obligations.
  • If possible, get a mortgage rate that is adjustable. The interest rate may go up through time, but it usually starts at a lower rate compared to fixed-rate mortgages.
  • Provide evidence that you are trustworthy enough. This proof may include a detailed employment history.

Other Potential Factors that Determines Mortgage Rates

Aside from the interest rate, there are other possible factors that determine mortgage rates. This includes the following:

  • Price of the Home

The price of your home usually has a huge impact on the price of the mortgage. On top of that, renovation plans and property taxes also affect your mortgage. Extra loans or payments may also have an impact on your capacity to make payments monthly.

  • Terms of the Loan

You will end up paying more in a mortgage loan that lasts for 30 years. True, you will only have to pay less every month, but for every month that you are paying off the mortgage, more interest is accumulated. On the other hand, a 15-year fixed rate mortgage may end up with you paying more, but more of the loan will be completed every month.

Another factor which may increase the mortgage price is adjustable-rate loans. They increase the interest rate through time. These rates may also change depending on the adjustment periods covering the loan, including the conditions in the market.

With all of these factors taken into consideration, it is often best to select the best loan that comes with the best interest rate. If you are planning to get a mortgage loan soon, it is recommended to prepare accordingly. You may discuss your options with a lender in order to see the coverage, as well as other factors which may affect the overall price of the mortgage.

What does Pending, Under Contract & Contingent mean?

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Can you schedule a showing for a home in Pending status? Does the Under Contract status mean that there is a chance the current offer on a home may fall through? Will the seller consider a back up offer from you in the case that the current buyer is unable to sell their current home soon? These are all fantastic questions and each property status requires these questions to be addressed in different possible ways.

Every professional industry has its own language, and real estate is no exception. There are probably more terms and acronyms in the housing and mortgage businesses than most. When you are viewing real estate properties online you undoubtedly will start noticing different property statuses and wonder what each one means. While a local professional will always be the most beneficial to help navigate each situation, the following are the definitions of statuses according to the local MLS (multiple listing service) to give some background.

Active. For properties that are offered for sale and have no accepted contract.
Active Under Contract. For properties that have an accepted contract with contingencies or circumstances that would or could cause the contract to be removed and/or replaced.
Pending. For properties that have an accepted offer without a kick-out that establishes a process to remove the current offer outside of normal contractual conditions (i.e. inspections, financing, etc.).
Closed. For properties that have sold/leased. For the purposes of updating MLS status, ‘closed’ references the legal transfer of property and is not dependent on broker compensation being received.
Hold. For properties that are not being marketed for a period of time but are still subject to a brokerage agreement.
Withdrawn. For properties withdrawn from the system prior to expiration, but still subject to some listing broker rights. Listings will remain in this status until they move to the expired status.
Expired. For properties for which the listing period has expired.
Cancelled. For properties that have been withdrawn from the MLS and the listing agreement has been terminated. These listings will not expire.

Coming Soon – for properties that have a valid listing contract, but the property is not ready for marketing to the public. Properties in this status may not be shown to any potential buyers. So how quickly can you tour a Coming Soon listing?
Must be submitted to the MLS within 5 business days
Cannot be shown (including previews and open houses)
Only in the Coming Soon status up to 14 days. At 14 days, it automatically rolls to active. Although, it can manually be made active at any time
Days on market do not start until the property goes to Active

Six Steps to Take After You Purchase Land

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Purchasing a land may be a wise investment decision. Whether you are looking to build a home, raise cattle, hunt or whichever the reason or other purposes, it is important to take the right steps after purchase to ensure your plans for the property can be carried out smoothly. After finalizing the purchase, you will need to carefully survey your land, get all documents in order, and get the property into a good place to fulfill your plans for it.

1. Study the Topographic Map
Obtain a topographic map you can find these through sites such as Google Earth and other mapping programs. You may also check with listing agent or seller to see if they have one. After the sale is finalized study the map to get the lay of the land. If you intend to build a home or other structure on the property, identify flat areas that may be good to lay a foundation, as well as areas that will need to be cleared of rocks or debris. If you are planning to raise livestock, you can also plan out where they can graze and how best to keep your animals penned in.

2. Establish Boundaries
If the land you just purchased does not already have fencing or natural barriers running along the edges of the property, you will want to establish boundaries. Be sure to create your boundaries based on the specifications of the topographic map, which will show you exactly how far the property stretches, and choose the material for your boundary wisely. Wooden fencing is the most visually attractive, but not much else use, if you are looking to keep livestock in, barbed wire is usually best.

3. Have Your Land Evaluated
If you intend to build a home, or other structures such as a barn or garage, you will want to have your land professionally evaluated after purchase. Hire a local builder to assess the land; they can take into account topographic conditions, drainage, sun direction, privacy, and other factors that will help determine where on the property you decide to build. Many companies offer free on-site evaluations for customers intending to build.

4. Clean Up Trash
You would be surprised at how much garbage can be accumulated on large plots of land, particularly if it was unowned or unused before your purchase. Whatever your intentions for the property, you will want to clear your land of trash. This will improve its visual appeal, get it ready for development, and keep livestock from coming in contact with garbage. Some trash will be obvious, but keep in mind that items like glass and rusted metal often rest just below the top layer of soil, which can cause them to blend in with the ground. Check the entire property carefully; occasionally, you may even find something interesting or useful among the waste.

5. Clear the Land
After trash has been removed, you will need to clear the land of obstructing boulders, fallen trees, or other debris that can cause problems for land development. You will likely need to hire professionals to help dig out large rocks or clear massive trees; although if you own a reliable chainsaw, you can often cut trees up yourself and then remove them or use them. Do not complete this step until you have carefully surveyed your property and chosen where you will be building, as you will likely need to more thoroughly clear the site of the foundation for your home, barn, or other building.

6. Meet the Neighbors
One of the most important steps after purchasing land has nothing to do with building or finances. By introducing yourself to your neighbors, you not only gain potential friends, but if the neighbors have lived on their property for a long time, they may be able to offer advice on clearing and developing the land. In addition, being on good terms with your neighbors can be a lifesaver if you ever have a medical emergency or other crisis situation.

Following these six steps, you will help make your property ready to work or live on. The most important thing is to have a plan for what you will do with the land; while these steps will always need to be taken in some capacity, exactly how you go about it will depend on your intentions for the land. As long as you take stock of the property after purchase and hire professionals when necessary, you will have the land ready for farming, building a home, or other property development in no time

6 Reasons Why Selling a House in the Winter May Be the Best Decision Ever

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The #1 Reason to List Your House in the Winter

Spring is generally the most popular time of year to sell a house, with hordes of buyers looking to move into a new place before the school year begins. But if you decide to sell your home during the winter, experts say you could reap a reward in cold, hard cash.

“I have personally had my best months in real estate during the holiday season, so the idea that the markets are very tough to sell in the winter might be a myth,” says Emil Hartoonian, managing partner of The Agency in Beverly Hills, CA.

He’s not the only one who believes selling in the winter can make you a real estate winner. Read on for the top reasons why you should consider unloading when the temperatures drop.

6 Reasons to sell your home in the winter

1. Low inventory = less competition

Since spring is the most popular home-selling season, the housing market is ultracrowded with options at that time of year. And if you paid attention during Econ 101, you understand the law of supply and demand.

“Most sellers still think they need to sell in the spring, but that means there is more competition for buyers’ attention,” says Matt Van Winkle, founder of Re/Max Northwest in Seattle.

But in the winter, there are fewer homes for sale. That competition over low inventory can make winter an ideal time to sell your home.

“In the Atlanta market, January is one of the strongest months for homes to go under contract,” says Ally May of Atlanta Fine Homes Sotheby’s.

2. You get to show your home’s winter-readiness

Selling in the winter also gives you the opportunity to show that a home is designed to handle the harsh elements.

“Sellers in places like Lake Tahoe can show off features like a south-facing driveway to speed up snow melting, how snow will fall off of a roof, a short driveway that will minimize shoveling or plowing, heat tape on the north side of the roof to avoid snow accumulation, and how recently the roof and furnace have been replaced,” says Sandy Soli, regional manager at Engel & Völkers in Lake Tahoe, NV.

Plus, during winter months, homes with features like fireplaces and hot tubs are certainly more appealing.

3. New parents may be looking to upgrade

The baby boom in September may lead to more buyers later in the year. According to data from the Center for Health Statistics and the Social Security Administration, there are more birthdays in the month of September than any other time of the year. Therefore, there’s likely to be a crop of growing families looking to buy a larger house.

“Once baby is home and settled, these parents may want to start the year in a new, and more spacious, family home,” according to Melissa Temple, real estate adviser and partner at Engel & Völkers in Aspen, CO.

4. Winter brings out the serious buyers

News flash: Not everyone looking at houses intends to make a purchase. Some people are contemplating moving and may just want to see what’s on the market. Since more homes tend to go on the market in spring and fall, this is also when window shoppers are likely to be out looking.

However, these looky-loos tend to be scarce during winter months, according to Jennifer Baldinger, licensed associate real estate broker at Julia B. Fee Sotheby’s International Realty in Scarsdale, NY.

“When I have buyers looking for homes in January and February, they’re real buyers looking to make a purchase—especially if it’s a great house. They don’t want to take the chance of waiting until spring and losing out on the home,” Baldinger says.

“There may be less people at these open houses, but I would rather have 10 real buyers come through than 20 people who are just curious,” she says.

5. Year-end financial bonuses and payouts

As a seller, year-end performance reviews could mean that more people have money to spend on a home.

“End-of-year financial bonuses or workers retiring with large payouts could mean opportunities for these buyers to upgrade their living situations or for first-time buyers to enter the housing market,” according to Temple.

6. Corporate relocation

You could also encounter buyers who are relocating for a job.

“One of the biggest months for corporate relocation is January/February, so those buyers, who need to move quickly, are out in full force looking for new homes,” Baldinger says.

Relocators typically have a limited amount of time to uproot their families and, as a result, don’t have the luxury of spending a lot of time looking at properties. The kids need to get settled into school, and dealing with selling their old home can add another level of urgency and stress. So it’s likely that once they find a home that meets their requirements, these buyers will be ready to sign on the dotted line.

16 Common Mistakes That First-Time House-Flippers Make

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When you binge-watch a little too much HGTV, it’s easy to come to some crazy conclusions. Conclusions like, “House flipping looks easy! I should try it!”

Well, maybe you should — we sure won’t stop you! — but before you jump into your very first home flip, make sure you know what common mistakes first-time flippers are in danger of making so that you can avoid the same fate.

Most Common House Flipping Mistakes in Texas

  • Not having the finances

Before you flip a house, you have to buy it. Depending on whether you’re paying all-cash or getting a mortgage loan (and whether you already own a primary residence or not), you will have to secure a down payment for the home, plan on paying mortgage interest for the months that you carry the mortgage, pay for utilities, and pay for the expenses of actually fixing up the home.

You might be tempted to assume that this will be a quick and easy project, but similar assumptions have taken down more experienced house-flippers than you. It’s much better to overestimate how long it will take then to underestimate — that way you can make sure you have enough money to cover the flip.

One money-saving tactic could be to move into the house while you renovate it (then you won’t be paying rent elsewhere). Be warned, though, that unless you live in the home for two years, you will still have to pay capital gains tax on any profit made from the flip.

  • Buying the wrong property

Like Goldilocks, you want a home that’s “just right” — not too expensive, or you won’t make any money, and not in too bad of shape, or you’ll spend more than you planned to fix it.

Paying too much for a home is one of the worst things you can do as a house flipper, so it might help to secure some real estate expertise from a local professional who can give you a good idea of what fair-market prices look like and help you ascertain if your offer looks good or if you want to seek out a better deal.

Additionally, a professional can help you understand how much profit you could potentially make, which is also easy to overestimate as a first-timer. And they can make sure you’re following the 70% rule. What’s that? Well …

  • Not following the 70% rule

Most fix-and-flip investors who have been doing the job for a while know and adhere to this rule. It’s not very complicated, but you may be tempted to indulge in some creative math to make the numbers work — resist! That’s a form of rule-breaking.

You do not want to pay more for a property than 70% of its fixed-up fair-market value.

So in other words, if you’re eyeing a home, and you have it on good authority from several people that after you fix it, you could sell it for $200,000 — do not offer more than $140,000 for that home. That is your 70% threshhold.

This will give you wiggle room to pay for the repairs and upgrades and to still make a profit.

  • Forgetting to make the budget

Are you getting the idea yet that flipping a home is a big exercise in math? Well, if you haven’t started laying all these costs out in a spreadsheet and figuring out what you can spend where, then start.

You’ll want to consider both the cost of the home (either paying for it outright or paying the monthly mortgage plus insurance, taxes, and any other expenses), the costs of the upgrades, the amount of time those upgrades will take, and the time on market once it’s ready to sell.

Again, a real estate professional (or another experienced house flipper) can give you a solid ballpark for all of these metrics if you don’t even know where to start.

  • Not getting an inspection

When you’re paying cash and you’re in a hurry — and you already know there’s a lot to fix in the home — then it can be tempting to skip the pre-sale inspection. Why bother?

Because that inspector might find a serious problem that’s going to cost you more to fix than you can afford. Foundation or structural issues are usually not cheap to solve and can eat up most (if not all) of your budget if they emerge unexpectedly.

Plus, when the time comes to sell the home, you’ll know that everything was done to get it into perfect condition if you bothered with an inspection!

  • Not securing the right permits

Before you start pulling out the sledgehammers for demolition, it’s a good idea to ascertain which permits you’re going to need for your upgrades. You don’t want to do all the work on a project only to discover that you needed a permit and might need to redo some or all of it.

Again, a real estate professional or someone who’s flipped houses before can help you here. They will have an idea of what permits are needed and can help you start the application process before you need them (not after).

  • Multitasking

When it’s time to actually get started on the work, you may be tempted to flit from project to project so that you can feel like you’re accomplishing something. Why continue working on that item that’s going to take a week to finish when you can just run over and finish two or three things really quickly?

If you’ve read anything about research on multitasking, then you already know the answer: It makes you much less efficient than if you focused on one thing and saw it through to the end.

Make a list of things that need to be done, and if you want to feel that sense of accomplishment, then plan to spend your morning working on major projects, and your afternoon on little items that help you feel like you’ve finished at least one thing.

  • Overestimating what you can do yourself

With the existence of YouTube, it’s pretty tempting to think that you can do anything with the right tools and a video.

But this is a major investment, and you are probably not qualified to do most of it. Putting a wall up or refinishing a floor? Sure, maybe. Any plumbing and electrical help will definitely require a professional, though, and you might want to consider finding a general contractor who’s willing to pitch in where you need.

If you have direct experience making a specific type of home repair, and you liked your results, then go ahead and assume you could do it again. If not, then for your first flip, hire a pro and watch them work so you decide if DIY might be an option — next time.

  • Not playing well with others

No flipper is an island, and that is especially true for first-time flippers, who haven’t yet discovered their core crew of people who can help them get the fixes in, and in quickly. You’ll need to rely on strangers to help you finish the job, and some people are better at doing that than others.

If you don’t deal with feedback well, don’t manage relationships well, or just generally don’t like working with people, then you should perhaps reconsider this method of money-making. You’re going to need to work with others, and work well with them; if that’s beyond your scope of ability, then maybe funding a flip and collecting some of the profit is a better choice.

The good news is that if your first flip goes well, you’ll be on your way toward building a crew for future flips.

  • Running out of time

You’re almost to your sales deadline, but the house is only half-finished. This is a real nightmare for a flipper, but it’s a common one when it’s your first flip and you have no real idea how long the fixes are going to take.

Overestimate how long you’ll need to finish the job, especially if you’re working by yourself. Leave yourself time to undo and redo some work (because you’ll probably mess something up), and don’t create a timeline that’s going to squeeze you beyond your abilities.

Don’t know how long it’s going to take? Bring in a general contractor and ask for time estimates. Add 50% or double the time on any jobs you plan to do yourself if you’ve never done it before.

  • Remodeling according to your personal taste

Many first-time flippers forget that they aren’t renovating the house for themselves — they’re doing it for a future buyer. And those flippers end up getting less for the sale than they could have because they insist on revamping the house according to their own personal taste instead of what sells best on the market.

A real estate agent can help give you a reality-check here and tell you that your preference for a separate kitchen, dining room, and living room is going to hurt the sale, or help you understand whether there’s really a demand in the area for a garage with a rock-climbing wall installed.

  • Neglecting the little fixes

There’s a lot to do in any flip, and it can be tempting to focus on the big items — floors, walls, windows, doors, and so on — and ignore the little ones.

But if you think that buyer isn’t going to notice that the kitchen drawers all stick, you’re delusional. Change the light bulbs, oil the hinges, and make sure everything (everything!) works and works well before you call it a day.

  • Upgrading too much

Depending on the neighborhood, a five-burner gas-range stove might be exactly what the house demands … but maybe not. First-time flippers often don’t know where to stop with the upgrades and do too much, creating a beautiful house that’s over-finished for the neighborhood, and installing features that buyers who are interested don’t really want.

That doesn’t mean you need to go for the cheapest option, but at least look at other listings in the neighborhood to see what the standard or “average” finishes and fixtures look like, then aim for that look. (This is another area where a real estate professional can be worth his or her weight in gold.)

  • Ignoring the outside

Well, the inside of this soon-to-be-flipped home looks amazing! Time to list?

Not quite. Have you paid attention to the landscaping? Put in new sod? Added flowerbeds to the garden, or otherwise improved the curb appeal of the home at all?

It’s a big mistake to focus only on the inside of the home and ignore the outside. A green lawn, fresh coat of paint, and some artfully placed flowers can work wonders on that final sales price.

  • Listing the house before it’s finished

You may think that you can show buyers what you’ve done and they’ll be able to imagine what the home will look like when it’s finished — but this truly isn’t the case. If you try to start showing the home before it’s actually ready, then all buyers are going to see is a half-finished project.

They don’t have access to the vision in your head. Don’t try to force them to create one, or the house will linger on the market for longer than necessary … and you’ll have missed your first, best chance to make an amazing impression with your flip.

  • Counting on the market to pull the price up

When the market is hot, it can be really tempting to hope that it will have escalated enough in the months that your flip was being renovated to bump up the sales price. We all hear the stories about how prices are rising, so why shouldn’t you expect them to rise while you work?

Because housing markets, like all markets, are subject to outside forces beyond your control that you cannot predict. If you’re counting on the market to grow, and that doesn’t happen — what’s your Plan B? Will you still make money on the sale, or will you lose your shirt?

Don’t risk it. Make sure that you can still make a profit even if the market doesn’t jump while you’re working on the house. (And if it does? Consider that a pleasant surprise.)

  • Staging without a pro

Many flippers are also great at staging homes, and this could well be you in the future. But for your first home, do yourself a big favor and budget for a stager from the beginning.

A professional stager will tell a story with the home, tying rooms together with color and texture, and helping buyers envision their lives in your flip. Watch and learn from the pro, and then maybe you can try staging on your second (or third, or eighth) flip.

What You Need to Know About Insulation When Selling Your Home

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At A Glance

How does your home insulation impact the sale of your home? You might not realize it, but it can make a big difference. Attic insulation is one of the best improvements you can make, and everyone loves a well-insulated home. Here’s what you need to know!

As you get your home ready to sell, you’re probably encountering a variety of considerations that you didn’t think would be part of the sale. After all, can’t you just list the home, sell it, pack up, move out, and be done?

While that is the majority of the process, there are a lot of details to think about before you list the home. One of the most important is making sure it’s in great shape and that a buyer will find no problems during an inspection.

You also want to make repairs and improvements that will help you get more value for your home. One of the best improvements you can make is to boost your insulation.

Here’s what you need to know about the impact insulation can have on your home sale!

Are There Problems With Insulation?

Take a look at your attic and crawlspace and see if you can find obvious problems with your insulation. Is there mold, signs of pests making nests in it, or has the insulation drifted and is no longer evenly spread out?

If so, take steps to repair the damage. Not all states require you to disclose problems with the insulation in the home, but even if you aren’t legally required the right thing to do is to get it in working order before your sale.

That doesn’t mean you have to get the most expensive insulation available, although doing so can have a great return on investment.

If you’ve had a pest inspection and removed all pests, or have thoroughly checked for moisture and found nothing, make that a part of the marketing of the home. A buyer will love the comfort of knowing there’s no rats or mold in the attic.

Insulation Improvements Can Add Significant Value

Wondering if it’s worth your time to add insulation to your home? It is, especially in the attic. An improvement in attic insulation alone can get you almost 108% back on your investment.

If you have to repair your home insulation due to pests or mold, spin that in your favor. Be sure the realtor markets your home as having “all-new insulation” in the attic or crawlspace.

If you really want to get bang for your buck, consider replacing your existing insulation with spray foam, a high-quality product that keeps out moisture, pests, and significantly improves energy efficiency. Making that a selling point can get you a much higher sales price.

Whether you want to insulate beyond your attic and crawlspace is up to you. An insulation contractor can certainly blow additional insulation into walls without major construction, and it will lower energy bills for the future buyer. However, you want to make sure you’ll get a good return.

This is one reason it’s so important to work with an experienced local realtor. They will know what improvements will matter most in your specific area. If you live in an area with harsh winters or very hot summers, the insulation may sell well. On the other hand, in a temperate area, you might want to just stick with the attic.

What if There’s No Insulation in the Walls?

Some very old homes — such as those over 100 years old — were built at a time when houses were not routinely insulated. If this is the case in your home and you haven’t made any updates, you’re probably struggling with high energy costs and cold (or hot) spots throughout the house.

You don’t have an obligation to insulate the walls in an older home, nor do you have to disclose the lack of insulation in most states. Most buyers of older homes are aware of the various charms and pitfalls of owning this type of property.

However, that doesn’t mean that adding insulation has no value. If you can do it — especially since an older home might not have fire blocks in the framing so filling the walls might be easy — you can add a lot of value to the property.

Selling a quaint old home that isn’t drafty and expensive to heat and cool is a big deal, and you’ll certainly see the added value in the sale price.

Work With a Professional Realtor to Sell Your Home

As you’re moving toward listing your home, be sure to work with a professional local realtor. They can help you significantly with your home sale.

Not only does a seller’s agent market the property, but they also help you price it properly. The will screen buyers for you and help you negotiate offers so that you get the very best price. They’ll walk you through the contract and closing process and help make sure you don’t miss any legal details.

Best of all, this level of full-service care doesn’t have to break the bank. In fact, when you work with a Clever Partner Agent you won’t pay a full listing agent commission. Instead, you’ll pay a low flat fee of $3,000 or 1% of the price if the home sells for more than $350,000.

This can save you thousands of dollars. Don’t hesitate — reach out to Clever today for a no-obligation consultation with an experienced listing agent in your area.

Preferred Properties of Texas

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