Preferred Properties of Texas

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

Why You’ll Win by Selling with a Real Estate Agent This Fall

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There are numerous advantages to working with a real estate professional when purchasing your house. During hard times, like what we confront now, it becomes even more important to have an expert that you trust to help guide you through the procedure.

Your family’s safety should always come first, which is more critical than ever given the present health condition in our country. When you FSBO, it is incredibly hard to control entry into your house. A real estate professional is going to have the proper protocols in place to protect not only your belongings but your family’s health and well-being too. From controlling the amount of men and women in your house at one time to ensuring good sanitization through and after a showing, as well as easing virtual tours for buyers, real estate professionals are equipped to follow the latest industry criteria recommended by the National Association of Realtors (NAR) to help protect you and your family.

Recent studies in NAR have proven that, even before COVID-19, the first step 44% of buyers obtained when looking for a home was to search online. During the process, that number jumps to 93 percent. Now, those numbers have grown exponentially. Most real estate agents have developed a strong Internet and social media strategy to market the sale of your residence. Have you?

As a part of their instruction, brokers are instructed how to negotiate every aspect of the real estate transaction and how to mediate the emotions felt by buyers seeking to make what is probably the largest purchase of their own lives.

Possessing a buyer who wants to purchase your home is the first step. Making sure they can afford to purchase it is just as important. As a FSBO, it is almost impossible to participate in the mortgage process of your purchaser.

Further complicating the situation is the way the current mortgage market is quickly evolving due to the amount of households out of work and in mortgage forbearance. A loan program which was available yesterday could be gone tomorrow. You need someone who’s working with lenders every day to ensure your buyer makes it to the final table.

The documentation included in the selling process has improved dramatically as more and more disclosures and regulations have become mandatory. In a litigious society, the agent acts as a third party to aid the seller avoid legal jeopardy. This is only one of the major reasons why the percentage of people FSBOing has dropped from 19% to 8% over the last 20+ years.

Many homeowners believe they’ll save the actual estate commission by selling on their own. Realize that the chief reason buyers look at FSBOs is since they also think they can save the real estate agent’s commission. The seller and buyer can’t both save on the commission.The more buyers who view a house, the greater the opportunity a bidding war will take place.

Listing on your own leaves you to manage the entire transaction by yourself. Why do that when you can hire an agent and still net the same amount of money? Before you decide to take on the challenge of selling your house alone, reach out to a local real estate professional to discuss your options.

Preferred Properties of Texas is here for all your real estate needs. Give us a call today.

5 Reasons About Selling A Home That Aren’t As Scary As They Seem

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For the vast majority of homeowners, there’s a practically inevitable event somewhere on the horizon: Eventually, you will probably sell your property. Thousands of homes are sold every day. It’s only the nature of the real estate business; properties are constantly being sold and bought. Nevertheless, when it is time for everybody to be one of those properties, it can be somewhat scary. Any home sale could be susceptible to hang-ups that seem uncomfortable. The process of getting your house ready to market can be daunting. Handing over the keys to complete strangers can be discomforting. That said, there are a number of things that prospective home sellers appear to fear the most. But not everything needs to be so scary!

Creating (and keeping) your house presentable
One of the common complaints of home sellers is the requirement to wash, repair and stage their homes so that visitors can pop in each time and poke around. The reality is, however, that getting a house ready to reveal frequently means a de-cluttering process that would be necessary before proceeding anyway. It is a seller’s chance to have a jump onto the moving process, to purge unneeded possessions and get personal touches prepared to move to the next home. Should you think of this as a chance, instead of a chore, getting a home ready to show to potential buyers may have significant advantages. And if you are working with the right listing agent, you shouldn’t ever be made to drop everything and straighten up for an unexpected showing. A fantastic listing agent will adapt your daily life without forfeiting sales attempts.

Criticism from buyers

When push comes to push negotiations, buyers will point out what they view are deficiencies in your property. It is merely a part of the sales process, and hearing that the carpeting you love needs to be torn out or the wall color on your youngest one’s nursery needs to be altered aren’t personal indictments of you or your property. It’s hard to hear that other folks don’t enjoy what you love about your home. But if you’ve been searching for another home, you’ve likely made the same kind of observations. You want to be able to put your touches on your new space, and you do not mean any insult to the present owners by having that desire. It is nothing personal, so it is not anything to fear when the shoe on the other foot.

Home inspections

At the same time, it is nerve-wracking to have your home gone over with a fine-toothed comb with a home inspector, that can be by contract, working for the purchaser. Frankly, any dwelling inspector will point out some flaws in almost any home. That’s their job, and they have a fiduciary duty to the buyer to communicate their professional opinion. However, odds are, most of what is shown by the inspector is what you already understand. By way of example, when you’ve got 20-year shingles on the roof and you have not replaced it in 18 years, it’s just true that the roof is near replacement era. If your furnace isn’t operating efficiently, it is probably something you have noticed, and you may make sure that a professional inspector will corroborate that. Remember that nothing that comes up in a house inspection is always a deal-breaker. Everything is negotiable, and when you were not selling the house, it’s likely you were going to absorb any cost to remedy anything shown by a home inspection anyhow.

Unqualified buyers

There’s no question that there are”tire-kickers” on the market, or people who simply prefer to look at homes on the market but have no real interest or capacity to actually purchase the house. It just goes with the land. But should you be certain to just consider offers from potential buyers who have been pre-qualified with a creditor, you are more inclined to avoid bogus purchase offers. No lender’s pre-qualification correspondence is ironclad, but it means that the purchaser is somewhat honest about their capacity to buy a home such as yours. And any critical buyer’s agent is going to insist on mortgage pre-qualification of their customers before presenting a deal.

Saying good bye

That is an oft-overlooked facet of the procedure, but it’s not always easy to leave a house in which you have lived for a long time. It may be uncomfortable and scary because each home purchase is quite an emotional one. However there are a couple things to keep in mind, perspective-wise. Certainly one, giving up a space you have considered home usually means that you’re going to embark on that exciting adventure . You have to experience that anew, get to put your own personal stamp on a fresh place of your own. It is a goodbye that accompanies an exciting brand new hello. Second, you are providing that same experience for someone else by entrusting to them the place you have grown to appreciate. You are giving somebody else the opportunity to appreciate that house exactly the way you did when it fit one of the best. You’re not walking away from all that’s meaningful; you’re only giving somebody else the same opportunity you’re given to make meaningful moments.

The bottom line is that selling a house can be sort of scary. There’s nothing wrong with admitting that. But looking at things from various viewpoints, and recognizing that just about every homeowner at one point or another goes through it, and hiring the right agent might make it somewhat less scary.

Preferred Property of Texas is here for you and to make the real estate process less scary and go smoothly. CALL TODAY!

10 Things That Will Kill Your Home Sale

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There are few homes that are magically market prepared without a little assistance. If your home requires a bit more of assistance, it is time to get focused. In the end, listing your home if it is not in the ideal state to sell will likely just lead to frustration. And, in this case, frustration means: your home sits in the marketplace for months without any supplies or the errant, offensive, lowball.

If you want to Be Certain you get your home sold quickly and for the right price, you’ll want to avoid listing it with the following:

1. Excessive damage

Maybe the house you’re selling was utilized as a rental and trashed by frat boy tenants, or maybe you just have not kept it up as you should. In any event, these holes in the walls that seem like the living room was used as a boxing gym, the scratched-up wood flooring where dinosaurs have clearly been rushing, along with the yard that’s bare except for all those two-foot-tall patches of weeds aren’t exactly what buyers are searching for. Unless you’re intending to offer your house for a cost that can make buyers emphasize the good and ignore the bad and the ugly, it’s going to want a little attention.

2. Carpet in the bathroom

It’s just gross. And everyone who walks in that toilet is thinking one of two things: 1) There’s gotta be mold under there; 2) There has gotta be urine on the floor round that bathroom. This is just one upgrade you will want to do before you list. Or, if you’re already recorded and your home not promoting.

3. Stains

A buyer should not know where your dog likes to indicate or wherever your children spilled the whole bowl of holiday punch. If the stains in your carpet are that bad, potential buyers will drift in and run right back out. Nobody wants to buy a pigsty. Invest a few bucks in new carpeting. You’ll make the cash back since you won’t have to drop your sales price.

4. Pet scents

You probably don’t notice since you live together everyday, but buyers will, and it might be sufficient to turn them off. Deep clean the rugs and the upholstery, then invest in some air frfreshenersnd eliminate cat boxes in the house for showings. The very last thing you need is a potential buyer speaking to your house as”the stinky one.”

5. Loud dogs who bark each time someone gets near the house

One final word . Barking happens, whether it’s your dog or one which belongs to a neighbor. But you don’t need that on the day of your open house. Offering to pay for doggie day care for a neighbor’s pooch could eliminate the matter and help make the serene setting buyers need.

6. Your dead lawn

Deficiency of curb appeal will not necessarily kill a bargain. Oftentimes, you won’t even get prospective buyers to escape the car. If the front lawn is a mess, buyers will obviously believe the mess continues indoors.

7. A bad agent

Face it. Not all of them are winners. An agent who isn’t giving their customer the ideal sort of attention likely isn’t likely to get the job finished.

8. Your sloppiness

Those cabinets and drawers you’ve pushed everything into when you washed away your kitchen and bathroom cupboards could be a deal breaker for picky buyers. We all know buyers open stuff. They seem in drawers, they open closets, they examine closets. If these spaces are cluttered and overstuffed, they may assume there’s inadequate storage space.

9. Unreasonable sellers

Big problems in your home may be deal killers, but they are also able to be deal sealers, if you’re reasonable. If your inspection uncovers pipes, electric, or roofing issues (or even all three!)

10. Poor Taste

Your decorating options and failure to keep up with trends from this season –or century–can haunt you when it is time to sell. If it’s true that many buyers don’t have any eyesight –and all you have to do is watch House Hunters and watch a purchaser becoming hung up on a paint color to understand that is true–then you are really in for it with your crowded house full of ugly, outdated things. A few straightforward updates can help it to look fresh and provide buyers something to fall in love with.

 

Is Fall The New Spring?

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As the summer market ends and the beginning of the autumn property season begins, it looks like the historically fast-paced spring and summer seasons will take over to the colder seasons. So, does that mean fall is the new spring real estate season? It sure seems to look like that. With record-low mortgage rates, rapid action, higher demand for houses with less inventory, and a change of buyer needs, get ready for a strong fall housing market.

Mortgage rates have remained at record lows. The Federal Reserve has kept interest rates low during the pandemic in an attempt to keep the economy moving. Their effort has been successful as 2020’s housing market has outperformed 2019 using a forecast from the National Association of Realtors Chief Economist Lawrence Yung that this year’s home sales will surge past the 5.34 million homes sold in 2019.

The autumn property season should radically surpass previous seasons especially because of greater action. Together with low mortgage rates comes less stock. Realtors across the nation are seeing a surplus in clients along with a drop in available homes. In other words, there aren’t enough houses to keep up with the current demand. Due to the incredibly large demand, current projections forecast the aggressive competition among prospective buyers noticed this summer to last into the autumn season. Average houses available are expected to continue the trend of multiple offers, causing the average home cost to leap considerably. Along with the present trends, we are also visiting first-time homebuyers fearlessly make the jump to homeowner status.

While our current norm of everyday living has evolved so have the requirements of our property. The need for multifunctional, spacious houses has improved. Before the pandemic, a three-bedroom, two-bath, kitchen with upgraded appliances, and a comfortable living room were enough for homebuyers to register their name on the dotted line. However, as the global pandemic carries life as we once knew homeowners’ needs have altered. With millions of Americans working from home and the powerful indication that this will continue after the eradication of the COVID-19 pandemic, homebuyers are searching for a home, office, and school all in one. Together with the increase of Americans working in the home, location gets less of a deal-breaker because it was allowing prospective buyers to expand their search parameters.

“Zoom rooms” is a increasingly common phrase being thrown around when searching for a new home. Zoom rooms have been considered aesthetically pleasing rooms that are best for virtual meetings, not just rooms with 70-inch displays, camera, and noise-canceling microphone arrays, which are what a Zoom room technically is defined as. With pupils at home whilst practically learning, having space for children’s various needs such as a safe space outside has fireplaces changing their needs.

Together with the quick pace at which houses are being marketed, mortgage rates likely to stay at record lows, along with a pandemic which have altered how Americans live it is safe to suppose that autumn might be the new spring for property in 2020.

If you’re in the market for a new home, Preferred Properties of Texas  would love to help you buy and sell anywhere in Stephenville, Erath County & surroundng area. Just give us a call, we are here for you!

How Window Replacement Improves Home Value

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If you’re looking to enhance the value of your home, one of the easiest and most affordable upgrades you can make is to install new windows. Older windows could make your home appear out-of-date and raise questions about their ability to insulate the home’s interior.

New windows are available in many styles that can let more light into your home, filter or adjust the light that enters and even offer built-in shades that can be managed digitally. Here are four ways that new windows can increase your property value:

Update the Home’s Decor

Replacing your older windows can make any room more attractive and functional. Many homeowners have all their windows replaced at the same time for consistent style and effectiveness, but even one room with upgraded windows can add that ‘wow’ factor to your home. You can choose from options like a bay window, a skylight, a stained glass effect, various pane designs and windows with an internal shading feature. With incoming light adjusted through the new windows, you can arrange for each room to have its own ambiance.

Eliminate Air and Moisture Flow

The frame seal on older windows can begin to deteriorate over time. Moisture from rain, snow and ice can creep into the property to create a damp or chilly effect. Strong breezes may cause older windows to rattle, revealing your home’s age and reduced ability to control airflow to the interior of the home. Having new windows installed will seal up any leaks to prevent further problems from outdoor air and damp weather.

Maintain Value

Newer windows are built to last with sturdy materials and expert construction. You won’t have to worry about replacing your new windows anytime in the next few years. They’ll continue to look good as well; keeping your home up-to-date and aesthetically appealing. With a firm seal and quality products, your windows will hold their value without breaking down due to inclement weather conditions.

Reduce Utility Bills

Replacing your home’s windows will keep the cold air out so you don’t end up paying to heat your home against cold air squeezing into aging window frames. The glass of newer windows is also tempered to withstand strong heat, which may also help to reduce heating costs. Windy days won’t cause your new windows to rattle and you don’t have to worry about moisture seeping into the home to increase humidity or glass condensation.

Consider updating the windows in your home for a new look and more efficient heating and cooling. Windows can improve the appearance and overall comfort of your property!

Preferred Properties of Texas

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