Preferred Properties of Texas

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

Looking At New Homes

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Looking at a New Home We frequently get ahead of ourselves when looking at a new residence, and if it is beautiful, has sufficient bedrooms and the price is correct, we wish to put pen to paper and make it our own. Rushing into such an important decision and neglecting to be comprehensive can be disastrous, though.

Look closely at how the seller has kept the home and determine whether any issues are problems you’re inclined to accept on. Also get a disclosure statement of any existing issues of which you may not be aware. If you want to obtain the house, stipulate in the contract that the problems be rectified or agree to repair it to get a reduction in the price.

Think about your family’s requirements and how the house may do the job for you. Open stairs into a basement might be impractical when you have toddlers, while a loft bedroom might be a fantastic thing if you have a musical adolescent. You want a space which is reasonable for your family as well as your possessions.

If you would like to get a vegetable garden, a house on a golf course might not match you, but a country cabin will.

Have a tour of this elongated neighborhood. How long will it take you to get into a grocery store or pharmacy? Are there restaurants nearby? Are you currently in a food delivery region? What is the traffic like at different times?

If you have children, research the colleges, child care and recreation opportunities in the area and also think about the protection of the area — both traffic safety and crime.

Preferred Properties of Texas  can help you start the process of honestly evaluating the property to make the best decision for your new home and for your family.

Contact us today to learn more about available homes and property in the Stephenville, Erath County and surrounding area.

For all of Stephenville’s new listings text HOMES to 1-877-965-7775

Looking For A New Home?

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If you looking for a new HOME in one of Stephenville’s residential neighborhoods, or a home with a small acreage, farm, or ranch, then helping you find that “JUST RIGHT” home is our primary concern.

List your home with Preferred Properties of Texas or let us assist you with the purchase of your new home.

Happy Thanksgiving!

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Wishing you  and your loved ones a Happy Thanksgiving! If there’s ever anything Preferred Properties of Texas can do to help you with your real estate needs don’t hesitate to let us know we are always available to catch up over a cup of coffee.

Mortgage Help for Homeowners During the Crisis

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During times of financial chaos and widespread unemployment, then you aren’t alone in the event that you end up worried about keeping up with your mortgage obligations. As per a U.S. Census Bureau poll earlier this season, a quarter of all Americans either missed a mortgage or lease payment, or had little to no assurance that they’d have the ability to make next month’s payment in time.

The great thing is you do have choices if you discover yourself coping with income reduction or struggling financially.

Exactly what the CARES Act Means For You
Lien backed by the national government might be eligible to suspend payments when a borrower is coping with financial hardship
Lenders Won’t charge late fees or report late payments to credit agencies during that period
Foreclosures and foreclosure-related evictions are suspended prior to the end of the year
If a mortgage Isn’t federally-backed, then contact your creditor and inquire about hardship strategies and alternatives

First Things First: Reach Out For Your Mortgage Bank
It’s essential that you don’t assume you’ll be addressed by your CARES Act and simply quit making your monthly obligations even if you’re not qualified for the CARES Act, you likely have more choices than you may realize. Speak to your creditor as soon as you can notify them of any fiscal conditions, and inquire what choices they have set up as a consequence of the present catastrophe. They will likely have a couple alternatives for forbearance or altered loan arrangements for you to think about, though you’ll normally have to submit some kind of documentation demonstrating your financial hardship.

Forbearance vs. Refinancing
Forbearance choices will defer your mortgage obligations to get everywhere from six-12 months, with the knowledge that payment will continue to be due in the conclusion of forbearance. Forbearance isn’t a forgiveness program, but this alternative does leave you with additional money flow during uncertain times. If you cannot settle your missed payments at one time, you could be qualified to generate higher payments for a time period to settle the sum past due. If it is possible to restart your monthly payments in any stage, you might qualify to reevaluate the sum past due until a later date.

Some mortgage lenders will also be offering loan arrangement modifications in that time, many in the kind of a longer-term loan period or a lower rate of interest. Loan modifications make an option that changes the conditions of your loan so as to think of a monthly payment you can spend.

Research Added Options Available to You
There are lots of national, local and state entities offering grants, loans and other assistance programs for homeowners fighting because of the pandemic. Federal and state funds are usually distributed to city and county departments and are frequently dispersed from there to local agencies or financial institutions to handle.

Added resources for homeowners throughout this time:

Gov Temporary Mortgage Relief
USDA Rural Development Programs
Housing and Urban Development Resources for Homeowners
Consumer Financial Protection Bureau Mortgage and Housing Assistance

If you have received help with your mortgage payments throughout the ordeal, continue to carefully track and record your own accounts and statements to be certain they remain error-free. Cancel or fix any automated payments you’ve set up to make certain you stay away from any penalties or fees from your bank. The moment your earnings is revived or in a level in which you feel more comfy, get in touch with your mortgage lender and then resume your normal payment schedule.

Should you strike instances of financial hardship, do not worry –research which apps are available so that you may pick the choice which makes the best sense for you personally. Do not just stop making payments, or you could encounter consequences such as fees, overdue charge, as well as potential foreclosure. Bear in mind that during times of catastrophe, there’s an elevated probability of fraud and spam, so ask questions and read all materials supplied to you attentively.

WAYS TO INCREASE YOUR HOME’S VALUE

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Looking for some ways to increase the value of your home? Whether you are thinking about listing your home for sale, or you’re interested in putting a fresh face on your home you proudly own, consider these ways to increase your home’s value:

1) Repaint your front door. A fresh coat of paint can add personality, hide scuffs and dirt, and give your home an entirely NEW curb appeal. This weekend project is inexpensive and a great way to increase your home’s value!

2) Spread some fresh mulch in your front yard. It’s an inexpensive and high-impact way to improve the look of your landscaping. Cover up the gray, weathered mulch covering your shrubs now – it will do wonders.

3) Paint your kitchen cabinets. Are your cabinets needing a fresh stain or paint? This can do wonders for the overall color of your home – painting old cabinets a light cream color can have a brightening affect on your whole house.

4) Update (or paint) your hardware in bathrooms, kitchens, on door handles, light fixtures… think dark on white, modern paired with rustic.

5) Add crown molding… this gives a home a warmth and some character. Consider crown molding in your living room – the difference it makes can be shocking.

6) Turn any room into a bedroom by adding a closet. If you have an opportunity to create a true “closet” in an office or spare room, DO IT because adding a closet to a room means adding a bedroom to the total bedroom count of a home. This expands your reach on search engines and can draw in an entirely new group of buyers.

7) Add visible storage. Floating shelves in the kitchen, bathrooms, laundry rooms can be a simple weekend project that turns out to be “so worth it” and not just for re-sale purposes. Chances are, you have something on the floor in your laundry room which could be hung up.

8) Swap out your outdated light fixtures with fresh new ones adding personality and color to any room!

9) Go for neutral paint colors if you are planning on re-painting -light, airy colors that go with anything. Avoid anything evoking one certain season (rich reds of winter, dark browns of autumn) and remember to paint your trim something complimentary.

10) Update window frames. Consider adding crown molding to the tops of your window frames; this has a HUGE visual impact and costs less than adding crown molding across your entire ceiling.

11) Add mirrors to your wall decorations, this makes the space feel bigger, plus mirrors are neutral and sure to please anyone’s tastes.

12) Rather than removing an older bath tub, consider painting the one you currently have. This less expensive alternative LOOKS like a new bathtub (especially if you update hardware).

 

Hopefully these ways to increase your home’s value proved helpful! Call our Real Estate Team, Preferred Properties of Texas, for more information about listing your home for sale. 254-965-7775

 

Preferred Properties of Texas

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