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Holiday Real Estate For Buyers

November 28, 2022 by chorton Leave a Comment

It’s believed that the holiday season is when the real estate market closes. This myth makes it a bad time to purchase a home. Did you see the “myth”?

You can get a great deal on a home by buying it over the holidays, while also minimizing competition. If you are looking to buy a home, here’s some information.

There will be many lights and inflatable Santas. You might find 20 years worth of holiday decorations in a home. Although these sellers were smart to keep holiday decor lightened and decluttered, you can see beyond that. How does the house’s bones look? What floorplan do you want? How big are the rooms? What kind of updating will you need to do? No matter what the sellers have done to their homes, it is important to ask your key questions while you tour.

It’s easy to get sucked into a low-priced home and become blinded by its affordability. This can lead to you overlooking a floorplan that doesn’t work for you, or a neighborhood that isn’t in your top tier. It can be helpful to have a list of “must-haves” before you start house hunting.

A home that is on the market during the holidays may not have been staged and updated to your liking. It’s possible that there is a reason why the home is being sold at this time of the year. Maybe there was a job change or transfer. You might find a great deal if you are willing to overlook the small things.

Fortune Builders stated that “if there is one undisputed truth about holidays, it is that real estate inventory tends to be lower during holiday months.” “There is simply less realty activity during holidays — less people selling homes. This is compounded by the fact that there are fewer realtors, mortgage lenders, and inspectors than usual. This can be a great advantage for home buyers in the holiday season, as there is less competition. You’ll find less buyers if you are able to find the property you want. This will increase your chances of getting a fair price, which can help you save even more.

However, there are limitations to what low you can go. Your agent can help you make sure that your offer is strong. It’s not a good idea to offend the seller or lose the house.

You don’t have to wait if there’s less competition during the holidays. There are many smart buyers out there who are looking for homes right now, so if you’re smart enough to do that, others will be doing the same. Don’t let the house go if you don’t love it.

According to The Mortgage Reports, only a few real estate agents can sell most houses in many areas. They often work at the largest agencies and communicate with each other about the latest market trends. This is crucial because fewer properties are available between Halloween and New Year’s Day. A connected, successful agent can help you gain early access to as many houses possible.

Today’s real estate agents won’t take clients to view homes if they don’t know what their budget is. Perhaps a family member or friend who is an agent might let it slide for the sake seeing what’s available. You don’t want to fall in love and then lose the home because you had to talk to a loan officer when another buyer was ready, prequalified and ready to make an offering.

You should ensure that your house is in good condition if you are selling it at the same time as you buy a new one. Your purchase could be delayed or stalled if your house isn’t available for sale when you make an offer.

 

Original Blog: https://realtytimes.com/archives/item/1034640-holiday-real-estate-a-buyer-s-guide?rtmpage=

Filed Under: Blog, Buying a home, Homes for Sale Tagged With: Blog, buying a home, buying homes, erath county, holidays, home for sale, Homes for sale Stephenville TX, Preferred Properties of Texas, real estate

What You Need To Know For A Real Estate Recession

October 3, 2022 by chorton Leave a Comment

You’re probably aware that the economy is in poor shape. The inflation rate is at its highest level in 40 years, the interest rates have doubled from early this year, while real estate prices are literally on the rise.

The United States’ economy naturally expands and contracts. Expandions are usually a sign that the economy is in good health and last for several years. A recession is a period when the economy contracts by more than two quarters consecutively. This means that we must slow down, hopefully only a little. That is a recession. It usually lasts less then a year.

Because it was fun, we printed and spent way too much money. Inflation kicked in and the Federal Reserve is trying slow down things a bit.

We don’t know whether we are currently in recession, but the housing market is experiencing a reset right now.

  • Interest rates have risen
  • Monthly mortgage payments up
  • Less buyers and renters are eligible, so housing prices will fall. However, there is still a shortage of homes to rent or for sale.

Consumers should recognize that interest rates will remain in the 6%-8% range for at least the next few years. This is a more common range. To stimulate the economy, the super low rates that we witnessed during COVID-19 were sub-sidised.

Second, determine the length of your occupancy. If you plan to move within four years, rent now and buy now if your plans are to remain there for at least four.

Buyers should marry the house but not date the rate. Refinance as soon as rates fall below current levels. We will soon see another round of stimulus and the Fed will lower rates. Your home will be worth much more in the future than it is now. Take a look at ARMs. Make sure your pre-approval letter matches your offer.

Sellers, adjust your expectations to the current market conditions. There are no longer any 10 over-priced offers for the first weekend. Buyers who are still interested in buying a home are extremely price-sensitive. Consider pricing your home realistically. You might consider upfront payment for an appraisal. A prepaid 2-1 rate buydown can help you attract buyers.

The bottom line is that the US housing market is starting to cool down. It has been so hot for so long that most sellers aren’t ready to accept less than their full value in most markets. We aren’t seeing realistic asking prices discounted and don’t expect to soon.

It is still a buyers market and there is a severe shortage of homes for sale.

There are no reasons for home prices to fall or interest rates to drop in the next six to twelve months. We  don’t believe we will see another housing crash as in 2008. Forget about foreclosures anytime this year.

Original Blog: https://www.fox5atlanta.com/news/what-buyers-and-sellers-need-to-know-for-a-real-estate-recession

Filed Under: Blog, Buying a home, Homes for Sale, Selling Your Home Tagged With: Blog, buying a home, buying homes, erath county, first time home buyer, home for sale, Homes for sale Stephenville TX, mortgage rates, Preferred Properties of Texas, real estate, reccession, selling, selling a home, selling homes, stephenville tx

Better Price!! Awesome Property With Incredible Potential

August 30, 2022 by chorton Leave a Comment

THIS COUNTRY PROPERTY IS ONE YOU DON’T WANT TO MISS!

Just right outside of Comanche, Tx you will find a lovely and well-maintained house that sits on an attractive 4+ acres. Relax and unwind on the covered front porch and enjoy the view. This property has an awesome multiple living areas with multi bedrooms. The home boasts over 3,500 sq ft with 3 bedrooms and 3 baths, a spacious living area, a dining room with a fireplace that provides warmth and style that opens up to large kitchen practically at the heart of the home. The bonus of this home is the large indoor entertainment rec room area that is directly attached to the main house; perfect space for friends and family to gather and enjoy each other’s company. Most of the bed & baths have been remodeled, a brand new hot water heater installed and the well and the operating components have been redone. Give Preferred Properties of Texas a call Today.  Hurry to make it yours!!!

WONDERFUL OPPORTUNITY TO MAKE IT INTO YOUR OWN!

 

Filed Under: Blog, Homes for Sale, Land for Sale, Ranches for Sale Tagged With: Blog, buying a home, comanche, home for sale, homes for sale, horse ranch, land for sale, land for sale in texas, Preferred Properties of Texas, ranch for sale, ranches for sale in texas, real estate, selling a home, selling homes, stephenville tx, texas land, texas ranch land for sale, tx

Scents That Could Sell Your Home Faster

August 26, 2022 by chorton Leave a Comment

It is important to stage your home inside if you want to sell your house quickly. In an increasingly competitive market, the first impression a potential buyer has when they walk through your door is crucial.

The curb appeal will determine whether someone steps over the threshold. But, could it be that the first thing they see as they enter is undoing all the hard work they have put in?

While we don’t doubt that you love scented candles it is worth looking into which scents might make your home more appealing if you’re trying to sell. It’s a good place to put those popular and impactful scents in the entryway of your property.

Fresh laundry is a wonderful smell. Freshly washed linen is second in the list of scents that can help you sell your house. 36% of participants said it would win their hearts.

According to the survey, 27% of respondents rated this scent as a winner. You can also leave a French Press or a timer on your best espresso maker so that people feel at home.

There are certain scents or smells that you don’t want to have lingering in your home during house viewings.

It’s not surprising that 68% said moldy or damp smells would make them turn down a property. It is in your best interests to remove mold as soon as possible, regardless of whether you are selling.

Close behind were 64% of survey participants who said the smells of vomit and cannabis would turn them off. 55% of potential buyers also stated that this smell would cause them to reconsider putting in an offer.

Short suggests that you use a steamer or pet vacuum to remove any smells from your pets. Grapefruit, orange, and lemon scents are excellent at neutralizing the musky animal smells of pets. Citrus-scented candles are very popular and can add a pleasant, fresh-smelling fragrance to your home, no matter where they’re placed.

Rose, jasmine, and lavender are all good options for selling a home.

If you choose to light candles before house viewings, it is important to keep them out of reach of anything flammable, such as furniture, curtains, bedding, or decorations. To prevent an accidental fire from starting in your house, this is important. Also, don’t place lighted candles in areas where they could be damaged by animals, children, wind, or wind. Avoid lighting scented candles in rooms without windows or poor ventilation. This can make the room stuffy and overpowering.

Although the light of a candle can be enchanting, reed diffusers are safer and less fragrant than essential oil diffusers.

It’s an easy task to keep your home clean when you invite potential buyers in.

 

Original Blog: https://www.realhomes.com/news/best-scents-to-sell-your-home-fast?utm_source=SmartBrief&utm_medium=email&utm_campaign=3BFA9068-DFBC-477B-BC94-C168B9A999F1&utm_content=9361F4BF-0919-4461-86E4-074E169E8CA3&utm_term=23ef8e9a-359a-444f-9fb8-e57c0efe2aba

Filed Under: Blog, Buying a home, Home Improvements, Homes for Sale, Selling Your Home Tagged With: Blog, buying a home, erath county, homeowner tips, homes for sale, Homes for sale Stephenville TX, Preferred Properties of Texas, preparation to selling, real estate, real estate advice, real estate tips, selling, stephenville tx

What To Look For In An Open House

July 28, 2022 by chorton Leave a Comment

Although open houses can be staged to appear like a home decor vision, don’t let it distract from the main reason you are there: to possibly buy a house. You need to look beyond the beautifully arranged furniture and think only about whether the house is a good fit. Here’s a checklist for home buyers that might help you see things you missed.

Windows– Check to see if they face the sun, or if they look directly at a neighbor’s window.

Under-the-Sink Cabinets – Check for signs of water damage caused by leaking plumbing.

Electrical Outlets Make sure you have enough outlets to power your appliances and other electronic devices. You can then decide if you want to renovate.

Storage Space Don’t look just to determine if you have enough space. Also, consider the placement of your closets. You should also ensure that storage is located in a convenient place.

Appliances If they are part of the house, ensure they’re in good shape. You should have them on and running while you’re there.

Under the Rugs Lift any rugs off the floor to inspect the condition.

Floor Level Check to make sure the floors are level. You can test this by placing a small round object, such as a marble, on the floor. It will show if it moves in one direction.

Attic– Make sure it is well insulated if you have one.

Water Spouts Runoff from gutters should not be directed towards the house. Take a walk outside to check if it is.

Talk to a Preferred Properties of Texas agent  to see what else should be looked at.

 

Original Blog: https://www.century21.com/real-estate-blog/home-buyer-checklist-what-to-look-for-in-an-open-house/

Filed Under: Blog, Buying a home, Homes for Sale Tagged With: Blog, buying a home, buying homes, erath county, homes for sale, Homes for sale Stephenville TX, open house, Preferred Properties of Texas, real estate

If You Think The Housing Market Will Slow This Winter, Think Again

December 14, 2021 by chorton Leave a Comment

The opportunity to benefit from today’s low mortgage rate and the changing homeowner requirements make it easier for Americans to purchase a home. Experts say buyers are moving right now, which is creating a strong market for home-buying at this time of the year. It is time to find out what this means as we move into next year’s early part.

What does this all mean for the winter market?

Buyers are actively looking for homes and are competing for them. All signs point to the market for winter housing picking up speed, as a result of the momentum from this fall. This will make it busier than usual. As we have seen, 2021 and 2020 were not typical real estate years. It appears that 2022 could be next on the list.

Bottom Line

You might be wrong if you believe the housing market will slow this winter. Call Preferred Properties of Texas to speak to one of our local real estate professionals if you are thinking of buying or selling a house this winter.

 

For original blog click link:  https://www.keepingcurrentmatters.com/2021/12/13/if-you-think-the-housing-market-will-slow-this-winter-think-again/

Filed Under: Blog, Buying a home, Homes for Sale, Selling Your Home Tagged With: Blog, buying a home, home for sale, Homes for sale Stephenville TX, Preferred Properties of Texas, selling a home

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Preferred Properties of Texas

Preferred Properties of Texas

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