Preferred Properties of Texas

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

Is It A Good Idea To Go Over Asking Price?

by Leave a Comment

It is important to consider the price of homes for sale when making an offer. You risk losing your offer if you offer too much and the bank might not value the home at the amount that you have offered. However, this does not mean that you should offer more than the asking prices for a home. This strategy might sound odd at first. The sticker price of a car is what you would offer, but the extra $100 for a barbecue at the shop is not something you would do. However, buying real estate is a different matter. Sometimes, it makes sense to offer more than the asking price.

There will be many offers. We are currently in a seller’s marketplace. This means that there are more buyers than homes available. Sellers receive multiple offers for their homes. They will accept the highest offer, naturally.
To be competitive in such a market, you will often need to offer more than the asking price. You are more likely to win the deal if there are three bids at the asking price but you offer 2% more than that.

The house is priced well below market. Sellers who are motivated and want to sell their house quickly will sometimes under-price their property. This will attract more attention and result in multiple offers.
If you or our real estate agent agree that a home should be priced lower than it is, then asking for more than the asking price makes sense. In order to score a deal, you will outcompete other buyers by offering higher asking prices. However, you won’t overpay.

A cash offer must be rejected. Imagine your agent talking to the buyer’s agent about the pending offer for the home. It’s a cash deal. Cash offers are difficult to beat. Cash offers are attractive because they require less work and take a much shorter time to close.
You can make a similar deal, but the seller will likely choose the financing offer. You can make it worth while for the seller to accept your offer by asking for more than the asking price

In the past, multiple offers were turned down by the seller. What if multiple offers have been made on the house but none have been accepted? Although the home is still available for sale, you don’t want another buyer to reject your offer. This behavior is commonly referred to as “unmotivated selling”. Sellers will only sell if they feel it is worth the effort. You can make an offer instead of asking if you truly want the house.

It is impossible to let go of your home. Perhaps this is the only house you have seen that suits your needs. Perhaps you have a deadline and can’t wait to make an offer. It’s a great way to get extra insurance and make sure you don’t lose your home by making an offer above the asking price.

Deciding how much to offer for a home isn’t always easy! It’s important to have a good agent on your side to help you make these decisions. Contact us if you’re looking for a reliable agent to guide you through the home buying process.

Suburbs or City Living?

by Leave a Comment

Some people love the energy and hustle of urban life. Some prefer the slower pace and more tranquility of living in the suburbs. Both lifestyles have their advantages and disadvantages, so there’s no need to judge. It is important to consider your priorities when looking for a home. You wouldn’t want an SUV to drive if you are a sports car enthusiast. A home mortgage is much more expensive than a car payment.

You might be an urbanite, if you:

  • Your nightlife is your life
  • If you have a commute, it is not something you enjoy.
  • Museums, concerts, art exhibitions, lectures, and other events will ring your bells
  • Walking to the corner coffee shop is a great way to get your morning caffeine fix
  • You can connect with nature by taking a walk through the park
  • Your sedan was replaced by a 10-speed bicycle

You might be a suburbanite If:

  • You want lots of yard.
  • You will feel at ease by the sound of cicadas and hoot owls, as well as wind rustling trees.
  • You are into playdates and PTA, as well as other pursuits related to parenthood
  • You can commute to work as long as you have a good audiobook.
  • Block parties and backyard barbecues with neighbors are great ways to spend Saturday afternoons
  • Happiness is closer to nature than you think.

This will help you think about what you want for your home and community. Once you know what you are looking for give Preferred Properties of Texas a call so we can help find a place that appeals you. 

Why Getting a Real Estate Agent Helps For Home Sales And Purchases

by Leave a Comment

GetMedia3 13

A person selling or buying a house may not be aware of all the work involved in these types of real estate transactions.

These steps can be broken down into the following categories:

  • Activities that are not yet on the list.
  • Listing appointment presentation
  • Posting a listing agreement
  • Managing the entry for multiple listing service (MLS).
  • Marketing the listing
  • Handling and evaluating offers and contracts.
  • Tracking the loan process, home inspections, appraisals, closings, and follow-up.

Although not all steps are involved in every transaction the services list gives a clear picture about the complexity of the business. This is despite the fact that there are many digital technologies available for 2021.

An experienced licensed agent can help sellers and buyers save a lot of time. Due diligence is an extensive and thorough process. The experience and connections of a Realtor in the area as well as their referrals are invaluable. This process usually requires the involvement of appraisers. Surveyors. Inspectors. And attorneys.

It is hard to overstate the financial benefits of working with a real estate agent. Our experience shows that homes that are marketed by a Realtor sell for a higher average price than those owned by the owners. A buyer who uses an agent to sell their property can often negotiate a lower price or better terms due to the agent’s experience.

In a fast-moving market for real estate, buyers need to act quickly in order to secure their properties. Agents often know about properties on the market and can notify their buyers immediately to get the contract written. Agents should review the contract with potential buyers before they find a property. This will allow them to move quickly and is a good idea since you don’t often have much time.

There are two types, licensed agents and registered Realtors. The state licenses agents to practice. Realtors can also be licensed to practice by the state. Realtors must adhere to a higher standard of ethics.

Buyers and sellers should feel at ease knowing that strict standards of conduct have been adhered to and that all parties are treated equally. These standards of professionalism are constantly updated and improved to meet the changing needs of the real-estate industry.

HM Properties understands the importance of staying informed and up-to-date about what’s happening in our community and around the globe. We are taking steps to encourage and engage in activities to raise awareness for agents and staff about diversity and inclusion.

There are two types: a full-service broker who works with HM Properties clients or a limited-service broker. Although limited-service brokers may offer lower commissions than full-service brokers as the name suggests, they don’t provide all the same benefits. They could, for example, limit their services to listing a property on the MLS. However, they would not conduct a market analysis, promote the property, or negotiate on behalf of the seller. This scenario would place the seller in a disadvantage as they would need to communicate directly with the buyer’s agent.

Finding the right agent is difficult due to the large number of Realtors available in the area. It is always a good idea to ask a friend, family member, or colleague for recommendations.

Online research can help you find out the number of homes that an agent has sold, what their focus is, and how much experience they have. It’s a smart idea to interview multiple agents to compare their credentials and find the right fit.

It is your choice whether you work with a real estate agent or a realtor. It is important to search for an expert but it also helps to connect with one. A lot of information about you and your finances is shared with an agent during a real estate transaction. It is important to trust your agent with this sensitive information.

Agents should have a deep understanding of the area. It is a huge difference to be able to sell a lakefront property than one in Uptown. You’re likely to be completely uninformed if your agent isn’t familiar with the area. This is especially true if you are moving from another part of town.

A seller should look for an agent with prior marketing and listing experience. Although there are agents that can represent buyers and sellers, the success of the seller will depend on the location and the price, it is important to find an agent who has previous listing experience in the area.

It is also important to determine whether agents work in the industry full-time or part-time. It is a full-time job and requires constant attention. Agents who make it a career and run their business full-time are the most skilled.

A real estate agent is a valuable resource for both sellers and buyers. They can make selling and buying the biggest home or condo easier. Realtors can work with other agents to help them in their purchase transactions.

If your in the process of selling or buying, contact our office and speak with an agent. We are here to help make things go smooth.

Homes For Sale In Stephenville

by Leave a Comment

Homes for sale in Stephenville are abundant. You have the option to buy new or used properties in this economically and culturally diverse city. With an abundance of homes for sale in Stephenville, it can be pretty confusing as to what type of house or home you want to buy or invest in. Before making your choice on which houses for sale in Stephenville to invest in, here are some tips on what you should look for in homes for sale in Stephenville:

Buying a New Home

A home with a home down payment of at least 20% is a good buy. This means that you can purchase a home with just a small home down payment. People who can afford to buy homes without a lot of money down usually prefer to buy a home with a home down payment because they can take advantage of lower interest rates. Also, if you plan on investing in real estate, a home with a home down payment is your best bet to have lower mortgage payments.

Another tip when buying a home in Stephenville is to consider buying real estate within the city limits. This is because there are many more opportunities to find houses for sale in Stephenville that are within the greater Sacramento area. However, you also must realize that there are more houses for sale in Stephenville that are outside of the city limits. And in the case of real estate investments, this can mean investing in a much smaller house.

Another tip when buying a home in Stephenville is to think about buying older homes. These houses usually appreciate faster than new homes do and you can get them at lower prices. Most people buy homes for sale in Stephenville that are older so that they can stay longer in the neighborhood or let them appreciate even more. You can also choose to buy a home under market value which will make your home cost you less money than what it is worth.

The real estate market in Stephenville has been extraordinarily strong over the past few years. There are many reasons for this including the increase of jobs, the increase in population, and the decline of home prices across the nation. If you are looking for a home in Stephenville for investment purposes, you should focus on homes that are under market value. These homes can still fetch a higher price when you sell them later.

In addition, there are some really great homes for sale in Stephenville. Also, if you are a person who likes the idea of living close to work, then consider looking at houses near the downtown area of Stephenville. These types of homes are less expensive than houses that are further away from the city center. Finally, homes for sale in Stephenville can be found in almost any price range.

Pricing Your Home Matters

by Leave a Comment

Recent real estate activity has been explosive and will continue to be well into the summer. Many new homes sell quickly, often within days of listing. Sometimes they even sell for more than the asking prices. While sellers are clearly in control of the market right now, that doesn’t mean they can speed. These are just a few of the reasons pricing is still important in a seller’s marketplace.

It’s easy for dollar signs to appear as the inflating home sales prices continue. Why not list if the market suggests you can get more than your house’s worth.

It alienates potential buyers. Buyers are already at disadvantage in today’s market. By offering your home for a high price over market value, you could be attracting buyers who have less spending power

An honest price allows for bidding wars – yet another reason pricing is still important in a seller’s market. Multiple buyers will compete for your home, which is a valuable commodity in a low inventory landscape.

There will be a constant stream of offers trying to outdo each other in competition. This is unless the bids are forced to begin at an artificially high price with a high asking price. Although more options can make it more difficult to choose the right one, choosing the right agent will make it much easier. It is often in your best interests to start a bidding war.

It’s possible that your home will sell quickly even if there isn’t enough inventory. It is still a risky move. Your agent’s market knowledge and expertise will help you ensure that your home is priced fairly, taking into account many factors such as location and condition.

An increase in price can keep gun-shy buyers away and put your home on the market longer. You don’t want your home to sit still, especially in a market where homes are being sold quickly.

Want to know more about why pricing still matters in a seller’s market? Contact one of our real estate agents!

 

JUST SOLD! 1030 Cr 475 in Stephenville, Texas

by Leave a Comment

Would like to congratulate our clients on the closing of their new home and thank you for giving Preferred Properties of Texas the opportunity to work with you. We hope your new home provides you years of enjoyment.

Looking for that special home to buy or ready to sell the home you have taken such pride in over the years?

Preferred Properties of Texas is here for you!

For any real estate questions or information please contact us today!

 

Preferred Properties of Texas

(254) 965-7775|Contact Preferred Properties of Texas