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Don’t Let Real Estate Myths Limit Your Search

March 18, 2022 by chorton Leave a Comment

Trustworthy people can give you sound advice when you make a big decision like a real estate deal. Even though your family and friends may not know all the answers, they might give you incorrect or outdated information. A trusted professional who is familiar with real estate matters every day. REALTORS(r), can help you dispel any myths that might limit your search, or unduly affect one of the most important financial choices you will ever make. These myths are important to be aware of.

Myth: A 20% down payment is required.

Reality: Although many buyers put down 20% or more in down payments, Texas homebuyers made a median 14% down payment in 2020, according the Profile of Texas Homebuyers and Sellers. The median down payment for first-time homebuyers was 6%. You may be eligible for many loans and programs to help you purchase a home, even if your down payment is less than 20%.

Myth: Credit is not enough.

Realism: Even with low credit scores, you may still be eligible for a loan. You can also improve your credit score in order to increase your chances of getting a loan.

Myth: Do not buy the most expensive or largest house in your neighborhood.

Reality: This myth implies that you might have trouble finding buyers when it comes to selling your home or that your property’s value will not rise in comparison to other properties in the area. This is an exaggeration. There are many factors that influence the value of a home. The house you choose should be a good fit for your lifestyle and needs.

Myth: It is necessary to time the market

Reality: Don’t wait for the price to drop before you buy a house. What happens if it doesn’t? It is a bad idea if you try to time your house purchase to avoid a sellers market or to join a buyers market. These market conditions might not be applicable to the neighborhood or house you are considering. It is best to buy only when it makes financial sense.

Do not rely on inaccurate information regarding your home. Our Agents at Preferred Properties of Texas can help you dispel any myths and make your real estate transaction smooth.

 

Original Post: https://www.texasrealestate.com/members/posts/buyers-dont-let-real-estate-myths-limit-your-search/

Filed Under: Blog, Buying a home, Real Estate Advice, Selling Your Home Tagged With: Blog, buying a home, Preferred Properties of Texas, real estate advice, selling, selling a home, selling homes

Make It Easy For Buyers To Fall In Love With Your Home

February 26, 2022 by chorton Leave a Comment

The goal is to make buyers feel an emotional connection to your home.

If that is difficult for them, they won’t see their future, and they won’t fall in love with the home and see it as a “must buy”.

  1. Make your home beautiful inside and out. Give it a little TLC
  2.  Remove any uncertainty ahead of time. Things around the home that may have people hem and haw over can be a barrier.
  3. Ensure your home is easy to show. Make it free and fun to walk through and enjoy the space.
  4. Be as cooperative as possible, however, within reason.  In working with their agent, if buyers feel you are fair and easy to work with, it will help the process along.

Here at Preferred Properties of Texas, all our agents put their customers’ needs at the lead of their work. They will give you honest advice on what course of action is best for you in their professional opinion. All of our agents pride themselves on putting their clients’ needs above all else. No matter where you are Preferred Properties of Texas are ready to help. Please contact us for any real estate needs and let us give you a top-notch experience!

 

Filed Under: Selling Your Home Tagged With: real estate advice, selling a home

Getting Your Land Surveyed Can Help With Selling Your Property

June 19, 2021 by chorton Leave a Comment

You think you understand the perimeters of your premises, but you truly don’t unless you have had somebody to survey it and provide you its precise dimensions. You will realize your property limits if it is fenced off, but that is not an exact calculation. In case you haven’t officially researched the house, then you certainly do not possess its precise dimensions.

It is always in the homeowner’s best interest to acquire the support of a professional surveyor, also called a professional land surveyor, to discover the specific limits of someone’s property. This procedure safeguards your pursuits in a number of ways, if it be a burglar contesting your own limitations, a characteristic coming under scrutiny or even once you would like to sell the house.

A property survey measures how big your premises and decides where the bounds are. It is a record that reveals all land lines, such as property, structures and characteristics like tree structure that you have. Sometimes, land surveying shows essential details like where underground utility lines set.

Surveys can help if you wish to demonstrate your premises visually for prospective buyers. But a questionnaire could also come in handy once you have to clear up problems you have with neighbors to the city.

Though you are not legally required to receive a home survey to sell your property, it is often a fantastic idea since you may show prospective buyers exactly where the property lies. Furthermore, home surveys, if you’ve got a fence line or not, simply add transparency to the house negotiation procedure. Therefore, it’s always in your very best interest to acquire the property surveyed.

When you purchase acreage, it is vital to have a questionnaire because fences may be eliminated by many feet toward your house, creating your house smaller than that which you originally purchased.

Using the land surveyed before you purchase it, you prevent problems like suits due to border disputes, a procedure which will be rather costly and lengthy.

Land surveying in the time of buy can conserve a vendor from getting into unfamiliar problems later on. By way of instance, a questionnaire will discover sinkholes, that are underground water stations which may lead to flood or perhaps collapse a house. Nearly a quarter of those homes sold in states including Florida, Texas, Missouri, Kentucky, Pennsylvania and Alabama are in danger of being damaged or ruined from sinkholes. A sinkhole developing in your premises is a huge problem which may be averted at the onset of a sale.

When you purchase or sell a part of property, the dimensions of this house is listed in the name and the name must concord with all the quantified property dimensions. Occasionally neighbors unintentionally plant a tree or construct over the home line or fencing, therefore a property poll will constantly confirm the real boundaries of their house.

Some nations have land polls as part of their public document, but others do not. You should first visit a Public Records Office to see whether there is a questionnaire on the house. When there is not one on the public document, you will have to do yourself by employing a property survey firm.

It is very important to understand a home completely before you market it. Detecting problems and analyzing your property’s borders will make the selling process a lot simpler. Look at relying on professionals that are capable of providing a precise survey.

Filed Under: Blog, Land for Sale, lots for sale, Ranches for Sale, Real Estate Advice Tagged With: Blog, land for sale, land for sale in texas, land survey, preparation to selling, real estate advice, texas ranch land for sale

Over Improving Your Home May Not Be A Good Thing

June 12, 2021 by chorton Leave a Comment

You love good things, the finer things in life, fine information and all of the conveniences that a home provides. You purchased your house and updated to a top of this line everything on your Kitchen, on your Baths, your home’s floor, your fittings, your window coverings, your landscaping and so much more. It is your house and your need the very best.

When you look around the area, your neighbor’s home appears  paltry compared to yours. You enjoy being the cream of this crop, the King of the Castle, so to speak.

Now you are thinking you wish to sell your property. You have been looking at current home sales. You have noticed that the local house sales are coming in considerably lower than that which you believe your house is worth. You are confident that your house will sell for much more that what other homes are selling for as well as when compared to larger houses with more bedrooms. Why could these shut sale costs be far off, you wonder? Regrettably, you probably over enhanced your house for the area. As mentioned previously, you decided the very best of all, because you worked hard and you’ll be able to afford it, but doing this is not a fantastic thing, if you are worried about resale value. Over improving a house that is located inside a neighborhood in which your house is the Castle in the area, will probably disappoint you if the time comes to put up your home for sale, since it’s going to be exceedingly tough to recover your upgrade prices when none of those other houses had the high end updates, compared to your house. This may lead to losses, since most buyers won’t wish to pay over market worth simply to receive your house’s upgrades. They might take their cash and purchase at a place where similar attributes are more common. Then, when it is time for them to market their house, they will not be confronted with the possibility of declines because of being over improved to your area.

Give Preferred Properties of Texas a call. We will provide you with additional Real Estate tips.

Filed Under: Blog, Home Improvements, Real Estate Advice, Selling Your Home Tagged With: Blog, home for sale, homes for sale, real estate advice, selling a home

Investing In Vacant Land

March 24, 2021 by chorton Leave a Comment

Investors looking for relatively secure opportunities should think about devoting some of the money to invest in vacant land. Vacant land investing can supply you with several ways to profit. Some people purchase property, wait for the value to increase and sell the property in a much higher price at a later date. Others that invest in vacant land generate revenue and seek pleasure in the home while they await the property’s worth to rise. There are also many different methods to invest in land. However you choose to invest in vacant land, you should consider the details before you spend money on any property.

The value of vacant land can grow fast. Individuals are moving from urban to suburban areas for generations. As households accumulate more wealth or move into retirement, they often wish to break free from crowded urban areas so they may enjoy the privacy of suburban and, better still, rural houses . As more people move to the cities, the boundaries of suburbs will continue to reach further inducing a requirement for vacant property to build homes on later on near the outskirts of large metropolitan regions. In spite of all the new pandemic there has been an increase in the need for rural residential land and hobby farms.

The COVID-19 pandemic can hasten the trend away from urban lifestyles. Anyone residing in nyc during the pandemic, for instance, has seen the challenges of living in a crowded town. As resources become increasingly scarce and growing quantities of infectious men and women make going outside in public dangerous, an increasing number of people are trying to get from urban centers.

The sudden interest in rural property should increase property values. If you already possess vacant land, you can gain in your growing interest in hobby farms and recreational property .

Not everyone will want to reside in rural regions exclusively. People who can afford to purchase rural retreats are more inclined to do this now that they’ve seen the problem of living in towns throughout a pandemic.

Developing empty land can increase its value. Undeveloped, vacant land becomes an undeniable investment chance when you are willing to devote time and money adding infrastructure, buildings, and other capabilities. By way of example, you can increase the value of vacant property by installing the utilities that the majority of people search for when purchasing homes. A slice of property that nobody wants becomes much more desirable as soon as you add electric lines, water, and sewer.

Other features that may increase the value of vacant land comprise:

Houses and Houses.
Barns and sheds.
Ponds and lakes.
Meadows and trees which attract wildlife.
Tree Stands.
Vacant land can generate revenue before you market.

If vacant land already has some desired characteristics, you can use it to generate revenue while awaiting the house’s value to rise. You could earn a living from property with fertile soil and a water source by leasing or renting your property to farmers. You can also earn money from transitional land by:

Selling wood .
Charging a fee for hunters.
Renting cottages and houses to vacationers.
Selling nutrient rights.
Supplying an Agritourism attraction.

Pay careful attention to a property’s attributes before you buy it. With water, trees, and other desirable characteristics, you probably can not make much money from it while you await the value to increase.

Before you start investing vacant land, contact our office so we can help you focus on finding properties that match your needs. We may already know about a few properties that you can purchase within the next few weeks.

 

Filed Under: Investing, Land for Sale, lots for sale, Real Estate Advice Tagged With: investing, land for sale, land for sale in texas, landwatch texas, real estate advice, texas ranch land for sale

Living in a Show-Ready House

March 4, 2021 by chorton Leave a Comment

Your home looks amazing. You have cleaned, decluttered, cleaned again, and followed the help of a professional stager. How do your loved ones continue to reside there without destroying it?

Use Containers. You require somewhere to place your keys, the email, the TV remote control, toothpaste, cosmetics, and many other items that typically jumble flat surfaces in the home. Set a basket or Tupperware container in areas where clutter can re-emerge. If you leave the home, put the containers at a cupboard or take them with you.

Choose a Room. Have children? Pets? Designate a space which will be resided in generally. It is where the youngsters can ditch the Legos on the ground and you’re able to place the kitty’s litter box. When it is time for a showing, the wreck will probably be in 1 place rather than throughout the home.

Create a Checklist. Create the beds. Put out the good towels. Drain the litter box. Set the containers from the cupboard. Write down what should occur every day until you leave the home to bring back the property into the show-ready condition.

Our agents have experience listing houses for sale, so give us a call for suggestions to help your property keep looking its best.

Filed Under: Real Estate Advice, Selling Your Home Tagged With: real estate advice, selling a home, selling homes

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Preferred Properties of Texas

Preferred Properties of Texas

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