Preferred Properties of Texas

The Preferred way to buy & sell real estate for you

Better Price!! Awesome Property With Incredible Potential

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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!

 

Scents That Could Sell Your Home Faster

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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

What To Know About Home Appraisals

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The home appraisal is a crucial step in any home buying or selling process. An appraisal is a crucial part of getting a mortgage. This will confirm the seller’s price to the lender. A good appraisal will help sellers get the best price for their house.

An appraisal is a professional, objective estimate of the property’s value. Lenders require a home appraisal before they will issue a mortgage. This is to protect their investment. If the actual value of the property is less than the sale price, and if the buyer defaults upon the mortgage, the lender will not be able sell the property for sufficient money to cover the loan.

Refinances may be eligible for a property inspection waiver (PIW). This is if your loan amount exceeds the estimated home value. Even if the loan to value ratio has been very low, PIWs rarely get granted.

The appraisal is usually done after an offer has been accepted and the house has been inspected. You, the buyer, will pay for the appraisal. Most likely you will also have to arrange for it. Even though the appraisal is supposed to protect the lender, it is your responsibility.

The lender usually receives the completed report once it is complete. You can also request a copy. This generally doesn’t happen automatically–you’ll have to ask.

Your property type and your location can impact the price. Homes with more units or those that are more expensive will usually be more costly. An average single-family home of average size will cost $300-$450 for a professional appraisal. The average cost of a professional appraisal for a larger house is $300-$450. An appraiser must be a licensed professional or certified to perform the work. They should not have any direct or indirect interests in the transaction.

An appraiser will need to know where the property is located. They will also analyze details and conditions of the house in order to determine the fair market value.

Comps are the most important factor in determining a property’s worth. These properties are usually within a mile of the property in question and have sold in the past 90 days.

To determine the property’s value, the appraiser will compare the features to the comps. The factors that influence the value of a property include its square footage, appearance, amenities, condition, and age.

A large home with four bedrooms in an area that has seen a lot of three-bedroom homes recently sell will likely be more valuable than comparable properties. A house with peeling paint or a patchy yard in a well-manicured subdivision is likely to have a lower appraisal than other similar properties.

Sometimes, the house’s appraised value is lower than anticipated. This can have a negative impact on many aspects of the sale.

The lender will decide your loan amount as percentage of the property’s price. If it does, it will either choose the appraised value or the sales price. Lenders won’t lend more than 80% to 97% from the home’s fair value. Therefore, the appraised value of your home is crucial when deciding how much you can borrow.

The loan amount you apply for will be granted if the property appraises at or above the sale price. If the property appraises at less than the sales price, the lender will likely lower the loan amount to match its value.

Low appraisals can cause a delay or cancellation of a sale. Buyers and lenders won’t overpay for a house. Sellers may not be willing to significantly lower the price they are looking to purchase.

If the appraisal is low, you have several options. You can opt out of the deal if your offer contract includes a condition that the property must be valued at the selling prices or higher.

You can also negotiate with the seller to lower the sale price if you are buying. Another option is to pay more to make up the difference between the sales price and the appraised value.

You can always contest the appraisal. Ask your agent to find out the comparable sales and determine if they are appropriate. Your agent may be more familiar than the appraiser with the area and could be able locate additional comps to support higher valuations.

Buyers will usually pay an earnest money deposit prior to an appraisal. The buyer will be reimbursed their earnest money if the appraisal contingency is not met and the sale fails.

To protect your investment, your lender may require an appraisal if you take out a mortgage. You can opt to not get an appraisal if you make a cash offer. However, you could end up paying more for the property if you do.

Home inspection and home appraisal are two different things. An appraisal assesses the home’s value, while an inspection examines the condition of the house. An appraisal or inspection may be part of a home-buying agreement. The buyer can then cancel the contract based on the findings.

 

Original Blog: https://www.thebalance.com/appraisal-process-when-buying-a-home-2395235

What To Look For In An Open House

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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/

Housing Shortage May Finally Be Starting To Lift

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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.

Another Great Property SOLD!

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If you are considering selling your home, call Preferred Properties of Texas today for a free consultation or market analysis. Our agents are here to answer any questions you have on how we can help you get top dollar for your home.

https://www.preferredpropertiestx.com/listings/amazing-rock-home-on-40-acres-of-irrigated-coastal/

Preferred Properties of Texas

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