Preferred Properties of Texas

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

(254) 965-7775
  • Home
  • Search
    • Search All Listings
    • Exclusive Listings
    • Featured Listings
    • Texas Farm & Ranch Real Estate
    • Market Reports
    • Login / Register
  • Cities
  • Blog
  • About Preferred Properties of Texas
    • About Us
    • Testimonials
    • Our Google Reviews
  • Contact

4 Reasons Why You Should Buy a Ranch in 2021

February 25, 2021 by chorton Leave a Comment

4 Reasons Why You Should Buy a Ranch in 2021

While some individuals might see that on average ranches receive anywhere from 3-20% return on investment every year and decide they should purchase their own land, others need more convincing. The estimated return on ranch investments are exceptional, but there are also several other reasons why you should buy a ranch in 2021. The four most important reasons, besides the yearly return on investment, that you should buy a ranch include appreciation, tax exemptions, freedom to develop, and an increased quality of life. These reasons are discussed and explored in further detail below!

Appreciating Real Estate

Ranch real estate properties are appreciating at staggering numbers. That is a fact, and the recent coronavirus pandemic is causing these numbers to increase even more. These days, more and more individuals are realizing that they would like to get away from the crowded cities and crammed apartments they currently live in. With this rural migration in mind, more and more people are looking to purchase a ranch. Therefore, if you were able to purchase a ranch this year, you could expect for the property’s value to increase over the next few years.

 

Check out local Ranch Listings in Texas

Tax Exemptions

In addition to being a great investment because of their appreciation estimate, ranch properties are also good investments because of the various tax exemptions you may qualify for by owning one. Most land that is used for farming or that is supporting livestock is exempt from taxes. While this may not seem like a serious benefit, the savings from these exemptions can number in the thousands. Therefore, if you are looking for land for sale, you should set your eyes on a ranch or two.

Development Freedom

Another benefit of owning a ranch is the ability to develop your land freely. Most ranch land is unrestricted and can be developed at the owner’s discretion. To make sure this is the case, you can ask your real estate agent about the deed restrictions, property restrictions, and other restrictions the ranch land you are looking at might be restricted by. Once you find out that your land is not overly restricted, you can start to envision development projects such as a horse stables, hunting blinds, or pretty much anything else you can think of.

Increased Quality of Life

Overall, all of these other benefits also lead to the greatest benefit of them all: increased quality of life. Most land buyers cite that their decision to purchase a ranch was pivotal in their search for a better life. When you buy a ranch, you get to see the benefits of the property first hand everyday. These benefits only become more reliant on your own motivations if you choose to work the ranch yourself. Owning and operating a ranch is not only a good way to see what you are made of, but also the perfect way to simplify your everyday life. You don’t just live on the ranch, you work there and get to reap the benefits of such a lifestyle.

Ranch Life

Living on a ranch is certainly not for everyone, but if you have recently been thinking about getting away from the busy city or are simply looking to change your lifestyle, ranching might be for you. Not everyone who owns a ranch, operates their ranch by farming or raising livestock. Some individuals use their ranch as a hunting camp or other type of recreation center to bring in additional profits. The benefits listed above only scratch the surface of the various benefits a ranch can provide. If you are interested you should call up your real estate agent today.

Want to take the next step in owning your own Ranch in Texas contact one of our Realtors

Article Courtesy of Skylar Ross

Filed Under: Land for Sale, Ranches for Sale Tagged With: land for sale, land for sale in texas, Preferred Properties of Texas, ranches for sale in texas, texas ranch land for sale

Benefits of Tax Deferred Exchanges (IRC Section 1031)

February 15, 2021 by chorton Leave a Comment

Exchanging Real Property - IRC Section 1031

Building estates with PRETAX dollars.

There is talk in Washington, DC about eliminating the Internal Revenue Code Section that allows for “Tax Deferred Exchanges.”

“Don’t it always seem to go, that you don’t know what you’ve got til its gone…”

Benefits of Tax Deferred Exchanges (IRC Section 1031)

Why exchange real property?

To save taxes, yes, but said more succinctly, to build your estate with pre-tax dollars.

Using proper exchange techniques results effectively in interest free loans from the government. Other reasons to exchange include:

Increasing depreciable basis by acquiring property encumbered with a larger debt.

Acquiring sheltered income by exchanging for unimproved land for improved property.

Acquiring property without cash, when sales may be impossible.

Consolidating assets by exchanging many properties for one larger property.

Receiving nontaxable cash by exchanging and refinancing after and independent of the exchange.

Diversifying holdings without tax consequence.

Example of the Advantage of Building Equity with “PRETAX DOLLARS:”

Sale Price: $150,000

Adjusted Basis: $ 50,000

(Original Cost, plus Capital Improvements, minus Allowable Depreciation)

Recognized Gain: $100,000

Tax Bracket: 30% (for purpose of example)

Capital Gain Tax Paid to the IRS: $ 30,000

Balance to invest in next property: $70,000

Leveraged 4 to 1 results in a purchase of a $280,000 property

10% annual appreciation results in $28,000.

If you structured the sale in accordance with section 1031, and did not have to pay the taxes at that time (Deferred Taxes), you could invest the entire $100,000 leveraged 4 to 1 and purchase a $400,000 property.

At 10% appreciation, your increase in equity is $40,000. Multiply this $12,000 equity buildup over a 20 year investment horizon and the result is substantial.

Don’t let Congress take this tax benefit without saying anything…

“Don’t it always seem to go, that you don’t know what you’ve got til its gone…take Paradise, put up a parking lot???”

Looking for land to invest in Contact one of our Realtors at Preferred Properties of Texas

Search Texas Farm & Ranch Land for your next 1031 investment

Filed Under: Commercial Properties for Sale, Investing, Land for Sale Tagged With: investing, land for sale, land for sale in texas, Preferred Properties of Texas, stephenville tx, texas ranch land for sale

Construction Loans

January 26, 2021 by chorton Leave a Comment

maxresdefault

Do you want to build your home? When it comes to real estate and mortgages, there is not a one-size-fits-all choice. It all comes down to circumstances, and in this case you’re building your own house, you’re likely to need a particular type of loan building home mortgage.

Here, we’ll discuss what building loans are and how they work, along with some of the kinds of loans that may be available for you, depending on what you need the funds for:

A house construction loan gives you the funds required to construct a house on a parcel of property at a high-interest rate over a brief time period –normally a one-year period when the property is fully constructed.

Construction loans are utilised to cover all kinds of things that go to building a house: land, labor, permits and building materials.

Depending on the lender you choose, there can be different prerequisites you’ll want to meet or limitations that you may find with the loan. For example, a construction loan does not usually cover the home furnishing aspect of a home, even though it might cover matters like permanent fixtures through the walls of the inside and necessary appliances, such as fridges and washing machines.

Home construction loans are used whenever you have obtained a parcel of land and are prepared to build. A land loan can be used when you need to purchase property but aren’t quite ready to construct your dream house.

How Does a Building Loan Work?

Construction loans are greater than most mortgage loan rates, provided the fact that using a traditional mortgage, your home acts as the collateral if you don’t make a payment, so the lender has something to pay the expenses you’ve missed.

Using a construction loan, the lender does not have this option. As a result of this, lenders view this kind of loan because of a much higher risk, which is why interest rates are usually much higher. The money needed to put down is higher compared to down payment requirements of resale homes. Normally, you ought to get 20 to 30 percent with a building loan.

To be eligible for this type of loan, you are going to have to provide a lender a construct timeline along with a detailed plan of how the job is going to go, including any and all costs.

When the lender approves everything, they’ll then put the debtor on a draft schedule depending on the job’s planned process (as laid out previously)–meaning that the debtor will observe payments as the job goes on. The obligations are known as”draws.”

This is different from something like a personal loan where the lending company would give each of the money at the beginning of the loan. Rather, lenders pay out during the stages of construction to pay the expenses when they’re needed as the house advances –that is to protect both parties out of the lender/owing an excessive amount of money in the event the building job falls through for whatever reason.

By way of instance, once the foundation is complete and backfilled, you could receive your first draw to cover the contractors who have performed this job. When the house is framed, you’ll find another draw and so on until the residence has been finished.

These items will be needed by creditors who are willing to do construction mortgages. Keep in mind that not every creditor works with construction loan financing.

You’ll require a building contract between the builder, much as you’d have a purchase and sale contract when purchasing a resale property.
You’ll need a detailed set of blueprints of the home you anticipate building.
The bank will need a detailed list of how the home will be constructed–called contractors specifications. The creditor will be looking at specific vital items such as the kind of heating, cooling, plumbing, electrical, kitchen, baths and other extras.
Any things beyond the construction contract that could impact value, such as swimming pools, outbuildings, sheds, specialty landscaping, etc..
It’s also worth noting that the lender will call for a real estate assessment to ensure the market value is where it needs to be. As they would with any other type of mortgage, the lender wants to make sure they give on a house where the suitable value exists.

Types of Construction Loans Available to You

Construction-Only Loan: This kind of loan gives the borrower the vital capital to finish the house. Still, the borrower must eventually pay back the entirety of the loan, and that, as discussed, is usually less than one whole year; they need to obtain another loan then to get more permanent financing.

Because of this, construction-only loans can be more costly as the money you’re getting in the lender only covers construction fees. Eventually, you are going to require a traditional home mortgage, which means that you’re going to be paying back two separate loans.

This loan can then be changed to a conventional mortgage loan as soon as you move in, which is a benefit over the preceding option as you’re only going to be paying one loan.

Another advantage of this kind of loan also means you’re only going to be paying a single pair of closure fees, which clearly reduces your overall cost.

Most lenders will not let the owner act because the onsite builder unless the creditors hold specific licenses for the planned project.

Renovation Loan: If you’re searching to renovate and alter your home’s look, then a renovation loan will be your best alternative. Unlike the other loans, the lender doesn’t require any job plan from the homeowner regarding how they might use the cash. When you’re making developments around your property, this is going to be the way to go.

By having building funding, you’ll put yourself in the position to build a house you need it constructed and not have to purchase one of many cookie-cutter homes which are traditionally constructed in massive subdivisions.

If your thinking about building a home, checkout our website for available lots at Walking Horse Phase II.

Filed Under: Blog, Land for Sale, lots for sale Tagged With: land for sale, land for sale in texas, loans, lots for sale

Texas Land For Sale

January 12, 2021 by chorton Leave a Comment

This 150 acre property is great for horses, cattle, hunting, or even building your dream home. Take a drive and enjoy the countryside and go check out this property. Contact our office today.

Preferred Properties of Texas is here for all your Real Estate Needs!

Filed Under: Land for Sale Tagged With: land for sale, land for sale in texas, stephenville tx

Texas Hunting Property

November 4, 2020 by chorton Leave a Comment

Texas hunting property has long been admired for its vast array of hunting opportunities it provides. More than 95 percent of Texas land is privately owned or handled that provides seekers with hardly any public hunting opportunities. The dearth of public hunting property has motivated Texas hunters to purchase their own territory to search from.

Whether they intend to search for a bow or firearm, then there are numerous things every hunter must remember when searching in their property. Here’s some advice regarding Texas searching requirements, why they’re necessary, and many ideas to follow when searching on your land.

TEXAS HUNTING REQUIREMENTS

Hunting on Texas property may be a complex procedure that’s littered with different misconceptions. The majority of the confusion revolves about the number of acres are necessary so as to shoot a weapon, the way to get permission to hunt on property, and also precisely when hunters will need to get a Texas hunting license.

1. HOW MANY ACRES?

Any hunter seeking to search for a bow or firearm is going to want to affirm the plot of property they’re searching on is a minimum of 10 acres. Texas state laws demand at least 10 yards, and some other hunter discovered violating this law could get numerous fines, or worse, upon repeat crimes.

2. PERMISSION FROM A LAND OWNER

Obtaining searching approval in the Texas landowner is quite straightforward. All that’s required is verbal consent, but Texas laws urges that landowners and seekers finish a Texas hunting rental certification.

3. TEXAS HUNTING LICENSE

All Texas seekers which are hunting on public or private property are needed to buy a Texas hunting license. Hunting nuisance animals like feral hogs and coyotes doesn’t want a license.

4. WHY HUNTING REQUIREMENTS ARE ESSENTIAL

The majority of the hunting conditions in Texas are rather lenient, although some seekers still wonder why that’s how it is. Texas requires that seekers only release their firearms on plots of land which are 10 or more acres to guarantee the protection of the others. Including neighboring landowners, outdoor fans, along with other seekers.

Permission to hunt on private property is necessary from a landowner to your evident reasons and to make sure that hunters are knowledgeable about the property’s dimensions and bounds.

The hunting permit system in Texas enables wildlife agencies to keep an eye on the amount of hunters and the a variety of game species. The permit system also ensures that the correct use of firearms and bows.

TIPS TO FOLLOW WHEN HUNTING ON YOUR OWN LAND

When searching your property, it is important to maintain the property boundaries in the mind in

HUNTING TRADITION

addition to anyone else which may be searching on your own property, and the influence on the wildlife inhabitants.

Hunters in Texas must ALWAYS follow these hints:

Never release a firearm close to a property border or aim towards a different land.
Produce and complete a hunting rental for each and every hunter which you allow to get your property.
Monitor the sport populations in your home regularly to determine if searching is achievable.
Always keep a valid hunting permit and take it with you to the area.
GOOD LUCK ON YOUR NEXT HUNT!
Hunting on private property is a time-honored Texas tradition. Adhering to the principles and regulations created by the Texas Parks & Wildlife Department will make sure it is a tradition that continues to grow and thrive. When venturing out to your next search, don’t forget to scope the possessions bounds, obtain consent and a signed searching lease, and be certain that you buy a Texas hunting license. Fantastic luck and happy searching.

Are you in the market to buy your own hunting land for sale in Texas then call a trusted Realtor at Preferred Properties of Texas

Filed Under: Blog, Land for Sale, Ranches for Sale, Real Estate Advice Tagged With: comanche texas, erath county, land, land for sale, land for sale in texas, landwatch texas, Preferred Properties of Texas, ranch for sale, ranches for sale in texas, stephenville tx, texas ranch land for sale

Closing your Vacation Home

November 3, 2020 by chorton Leave a Comment

Vacation HomeConcentrate your efforts on protecting your vacation home from the elements and securing it from the weather and burglars.

Here are some essential tasks:

1. Take Care Of Utilities

Switch off some nonessential utilities to save money and avoid any odds of water leaks. If you are in a cold climate, drain your water lines to keep your pipes from freezing. Drain the water heater. Close the water lines to toilets, the washing machine, sinks and the dishwasher.

2. Secure Your Home

If you’ve got an alarm system that the final thing you should do before leaving is to trigger the machine. But there are smaller items that could be forgotten. Don’t forget to lock all doors and windows and make sure that the locks are functioning correctly.

Close, window treatments and storm shutters should you have them.

Confirm that neighborhood institution has your contact information, so it could reach you in a crisis.

3. Bring In Outdoor Furniture

Bring in any furniture or decorations which you keep outdoors. It can be ruined by the weather or creatures, or be taken by a thief.

Throw out any broken things and donate to charity whatever that you didn’t use over this season.

4. Toss Trash And Take Home Perishables

Disposing of garbage can keep rodents and other pests off. Same thing with any perishable food. You do not need to return to your house after a couple of weeks to locate something growing on your refrigerator or pantry.

In many vacation areas, food banks or spiritual organizations hold change-over day collection drives where you can shed your fresh food on your way from town.

5. Unplug Appliances and Electronics

Leaving appliances and electronics plugged can be quite a drain on power, so unplugging those when they are unnecessary can save you a couple of bucks. Prop the refrigerator door open.

6. Inventory Home Supplies

Create a list of anything you need to replace before the start of the next season, such as pots and pans or bed linens. You are able to shop for those in your leisure and bring the things with you once you reopen the home.

Looking to buy a second home for your Urban Flight getaway then contact a Realtor at Preferred Properties of Texas when you are ready to buy Texas Ranch Land for Sale.  Here are some good places to consider to buy a vacation home

Filed Under: Buying a home, Homes for Sale Tagged With: buying a home, comanche texas, erath county, first time home buyer, home for sale, Homes for sale Stephenville TX, land for sale, land for sale in texas, Preferred Properties of Texas, selling a home, stephenville tx, texas ranch land for sale

  • 1
  • 2
  • 3
  • …
  • 8
  • Next Page »
Preferred Properties of Texas

Preferred Properties of Texas

The Preferred Way to Buy and Sell Property
for Over 25 Years
(254) 965-7775 Office
Contact Preferred Properties of Texas
Listing Alerts Market Reports Your Home's Value

Search our Blog

  • Blog
  • Buying a home
  • Commercial Properties for Sale
  • Events
  • Home Improvements
  • Homes for Sale
  • Investing
  • Land for Sale
  • lots for sale
  • Newsletter
  • Ranches for Sale
  • Real Estate Advice
  • Selling Your Home
  • Uncategorized

Preferred Properties of Texas

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

TREC Consumer Protection Notice  •  TREC Information About Brokerage Services
Privacy Policy  •  sitemap   •   admin   •   ©2021 All Rights Reserved  •  Real Estate Website Design by IDXCentral.com