Preferred Properties of Texas

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

Have You Outgrown Your Home?

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It might appear difficult to imagine the house you’re in now — if it is your starter house or one you have fallen in love with — may not be your forever home.

Many needs have shifted in 2020, and it is fine to acknowledge if your home no more matches the way you live. If you are working remotely, easing virtual college, attempting to exercise in the home, or just spending additional time in your four walls, then you could be bursting at the seams in your existing property.

As stock has diminished and need has increased, prices are driven up. This is excellent news if you have a house and you are considering selling. The equity on your house has probably risen as costs have increased.

If you think you’ve outgrown your current home, reach out to one of our agents to discuss local market conditions and determine if now is the best time for you to sell.

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Finding A Better Home Insurance Deal For Your First Home Purchase

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When you buy a new home, you might be surprised to discover how quickly all the various fees associated with the house purchase accumulate. One of the greatest foes you will face is paying for a new homeowner’s insurance coverage so that you can be qualified for a mortgage. The good news, though, is that there are ways to find competitive prices that will assist you free up some money to put toward other home costs.

Pay Down Debt
If you’ve got the financial resources, it’s a fantastic idea to pay down some credit card and student loan before shopping for homeowner’s insurance. That’s because excess debt will decrease your credit score along with a lower credit rating will frequently result in higher insurance prices.

Shop Around
Since different insurance businesses rely on different metrics to ascertain your premium, it is very important to shop around to try to get the very best rate. Additionally, it is vital to consider companies of all sizes, even if it means calling rather than putting on your data online. In regards to homeowner’s insurance, make sure the organization that you choose can offer decent service so that if and when you need to make a claim, you don’t suffer simply because you picked the firm with the cheapest rate.

Bundle Policies
Another fantastic way to save on homeowner’s insurance would be to unite your homeowner’s coverage with your vehicle insurance policy. To help bring in more business, most insurance businesses offer a fairly considerable discount if you choose to combine multiple coverages. Besides saving you money, choosing this strategy can help make payments more simple because you’ll just be using one company.

Look Backward
In case you’ve carried a renter’s insurance coverage before buying property, you could be entitled to a reduction, especially if you stick with the exact same insurance company. That’s because insurance companies may look at your previous claim history and see if you’re a low-risk individual. If you don’t have any claims, you might be eligible for some savings. Since many insurance agencies use many companies to provide various policies, it’s important that your main insurance provider is aware of your past policies.

Even in the event that you don’t initially get the purchase price you need for homeowner’s insurance, there is still hope. Since you establish yourself as a low-risk person in your new home and show your loyalty to a specific insurance company, you may see your rates fall from year to year. That is why it’s very important to work as hard as you can to stay claim-free during your first couple of years of homeownership so you can enjoy the savings that are yet to come.

Selling Real Estate in Stephenville, TX

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Are you thinking of selling real estate in Stephenville, Texas but not sure how to go about it? That is absolutely fine, because here are some tips that may come in very handy when it comes to selling real estate Stephenville. First and foremost, do all you can to get your properties documentation in order. This includes the mortgage information from the bank, survey, information on your roof, warranty info on appliances, and other things of this nature.  You may want to call a title company that can go ahead a double check your title to make sure that it has not become clouded.  You may also want to get an inspection done and consider getting a appraisal as well.

Of course, it is wise to consult a licensed real estate agent before putting your property on the market or before making any actual purchase of properties in Stephenville Texas. This is simply because buying real estate is a serious matter and should never be undertaken lightly. In addition, when considering all aspects of a real estate in Stephenville, it is important to remember that you can borrow money against the real estate property that you purchase in order to finance the prooperty through a mortgage. It is also smart to have a qualified appraiser asses your real estate for market value and to make suggest improvements, if needed in order to make sure that your real estate is worth as much as possible.

Another option for obtaining financing is to use a mortgage broker who specializes in real estate in Stephenville. Finding a mortgage broker is not difficult because there are now several of these brokers in Stephenville, Texas. The process of obtaining a mortgage loan is made easier by the fact that most brokerages now require no money upfront deposit before offering any loans. As long as the buyer has sufficient income, a person can use a mortgage broker to help obtain a loan. The process of selling a real estate transaction in Stephenville is relatively simple; however, one should always hire a real estate agent to ensure that all aspects of the sale are handled properly and that there are no liabilities that might arise after the sale.

When is time for you to buy or sell real estate in Stephenville contact an agent from Preferred Properties of Texas

Texas Ranch and Country Living

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Looking for a place in the country but not far from town? Well, here it is! Gorgeous 49+ acre Ranchette. 4100 Sq. Ft custom built Austin Stone home with incredible views of the surrounding area! Great property for horses, goats, llamas or whatever you raise. Don’t wait and call today.

 

How And When To Apply For Home Loans In 2021

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Pre-qualifying for a mortgage loans is frequently the first step towards owning a home.

Pay Attention to Falling Rates

Among the best ways to figure out when to use for home loans is to keep tabs on the rates of interest determined by the Federal Reserve. These interest rates set the floor on financing for lenders, so borrowing if there is a downward trend is almost always a good idea. If the trend has had the rates for a little, though, you might want to move faster–this might be a sign that the rates are going to return.

 

 

Look at Loan Types

Another good way to determine how to apply for a loan is to examine the sorts of loans that are out there. If you’re a first-time homebuyer who satisfies certain credit and income qualifications, then you can look at an FHA loan to get a lower deposit. Other borrowers might be better served by VA loans as well as traditional loans. Doing some research will allow you to figure out for which programs you should apply and what kind of documentation you will want going forward.

Look over Your Timetable

Among the most important approaches to figure out when you should apply for a loan would be to consider your schedule. It’s typically a good idea to start using to acquire pre-approved for financing round the exact same time you get serious about looking at houses, though there isn’t a wrong time to begin preparing your paperwork. Be aware that becoming pre-approved too early may be a problem as you may need to resubmit paperwork, but implementing beforehand is usually suggested.

Speak to a Lender

If you are ready to seriously start considering loans, then you’ll definitely need to talk to a lender. While you can really submit much of your pre-approval paperwork on the internet, you’ll eventually need to talk to a lender to go over the products that work best for you personally. Attempt to get estimates from many unique lenders to obtain an interest rate and loan product that works to suit your needs.

The ideal time to apply for financing entails looking at speeds, but it also requires knowing when you are seeking to buy. When you are ready, start searching for a fantastic loan product that’s going to satisfy your financial needs. Finding a mortgage may sound scary, but getting through the practice is easier today than it has ever been.

Preferred Properties of Texas is here for all your Real Estate Needs, so when your ready to buy a home give a call.

Homes for sale in Stephenville, Texas.

 

Preferred Properties of Texas

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