Homes for Sale Archives - Preferred Properties of Texas Home & Ranch Properties Stephenville

October Might Just Be The Best Time To Buy

October 2, 2021 by chorton Leave a Comment

Are you thinking of buying a house? We have good news for those who are.

Although it’s clear that the housing market has had a fantastic year, most headlines focus on the benefits for buyers. What about buyers? You’ll likely be facing bidding wars as you look for the perfect home. You don’t have to feel discouraged if you are looking for your dream home.

There is a golden window for those who are looking to purchase a home.

There should be an increase in the number of homes for sale. realtor.com predicts that more homes will be on the market in October. According to the findings, 17.6% more homes will be available than we had at the beginning of the year.

This will allow you more choices, which is a relief in a tight housing market.

You should see a slight decrease in bidding wars as there are more homes on the market. Because there are so many options, buyers might not be as competitive for homes because they have more options.

This means that writing an offer may be less competitive and have a greater chance of winning the bid. It’s important to make a strong offer.

As we approach the end of the year realtor.com suggests that this week could also be one the most popular weeks for price reductions in the 2021. The data from the past shows that an average of 7.0% homes experience a price drop in this week. What is the reason? Why?

This means that although home prices continue to appreciate overall, there may be some homes where price adjustments are made by eager sellers. Closing a house is a lengthy process. Sellers may be more motivated to close by the end of the year if they can do it in October.

Don’t let your enthusiasm die if you are in the market to buy a home. According to data, early October could be the time you finally find the home of dreams. To keep you motivated and on the right track to finding the perfect home, you should rely on an experienced real estate professional as your advisor. Give us a call today.

Link to original article: https://www.keepingcurrentmatters.com/2021/09/28/early-october-is-the-sweet-spot-for-buyers/

What’s Ahead For Texas Real Estate In 2021-22?

August 24, 2021 by chorton Leave a Comment

Researchers at the Texas Real Estate Research Center see a more stable Texas housing market ahead, as soon as pandemic-induced home shortages dissipate.

Good article to read from The Texas Real Estate News Center click on link below:

https://www.recenter.tamu.edu/news/newstalk-texas/?Item=26340

Housing Shortage May Finally Be Starting To Lift

July 27, 2021 by chorton Leave a Comment

The massive housing shortage that started before the pandemic, and was then made worse by it, may finally be beginning to ease.

More supply is appearing on the market suddenly, which will undoubtedly help frustrated buyers and, in the long term, could take some of the heat off of home prices.

According to Realtor.com in June, new listings rose by 5.5% and 10.9% respectively year over year. The 10 larger cities with the highest number of new listings increased by 20% or more compared to last year were the most successful.

Our June data report indicates that buyers have good news, despite the fact that there’s still a lot of homes to sell and that home prices are at a record high.

As sellers entered the market with a variety price points across the country, inventory declined more than in the earlier pandemic.

It is not surprising that inventory has increased because most new listings fall between May-June, after the spring market. However, today’s housing market doesn’t follow the traditional rules. The pandemic caused unprecedented demand for larger suburban homes.

We noticed an improvement in the number of new listings between May and June. This suggests that sellers are entering market historically later in the season. It could also mean that we will see home buying continue into the autumn as buyers look for new opportunities.

Unexpected new supply is good news for homebuyers. Many have been left out in bidding battles. However, the market remains extremely tight. The inventory of homes on sale fell 43.1% over the past year, which is 415,000 less homes than were available on a typical June date. However, this is an improvement on the more than 50% declines that were seen in May, March, and April. Again, new listings were higher but still far below the June pre-pandemic average.

However, there is still more supply available for some buyers who are frustrated. The market is improving slightly. It means that more people have signed contracts to buy their next home. This in turn means there are more listings available because they are now able sell their home.

The month’s inventory, which is a calculation of how much has been sold compared to how much remains for sale, saw a slight increase, but not enough.

Housing boom will slowly recede if there are more homes on the market. It is unlikely that the housing boom will fall sharply or “bust” simply because of favorable demographics and historically low mortgage rates.

Is It A Good Idea To Go Over Asking Price?

July 16, 2021 by chorton 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.

Should We Sell?

July 13, 2021 by chorton Leave a Comment

Are you thinking of selling your house? Do not wait too long to sell your home. It is common for people to not plan to live in their first, second, or even third home for ever. However it can be difficult to know when it is time to sell.

It can feel almost like you’re breaking up with your long-term boyfriend or girlfriend. You knew deep down that you would not be with this person for ever, but it can be difficult to let go.

Sometimes, life happens. If you are moving to another state or know that your twins will not fit in your tiny bungalow, there is no reason to feel self-doubtful or anxious. It can be difficult to tell when your home is out of reach if you don’t have a pressing reason.

You have outgrown your home: You may need more space because your family is growing with a new spouse, children, grandchildren, or the elderly. Either you can’t add on or the house won’t increase in value.

Your lifestyle has changed: Perhaps you are a freelancer or have an extended family of indoor cats.

You are looking for a new community: Perhaps you notice an increase in crime or you are frustrated by your HOA. No matter the reason, it’s a great time for you to move if your house is in poor condition.

The nest is empty: Perhaps your children have moved out and you have several bedrooms and playrooms that are collecting dust. Or maybe you travel more and don’t want to deal with the hassle of maintaining a large home.

Remodeling your home won’t bring you a return on investment: It is usually worth the effort to renovate a portion of your home. However, sometimes it doesn’t make financial sense. You may find the perfect home if you are looking for an updated kitchen.

You desire a shorter commute: The 40-minute commute to work may not have seemed like a major issue in the first few years. But now it is. You might also notice that your children are growing older. This can cause problems if you don’t live in the right place.

You can afford to buy: While you will make money when your house is sold, you must have the money to do so. Make sure you have enough money to sell your home. To get a fair price for your home, most sellers will need to make minor repairs such as landscaping or flooring changes.

READY TO SELL? We are here for you and your family! Contact Preferred Properties of Texas today!

Homes For Sale In Stephenville

July 11, 2021 by chorton 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:

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.