Reason To Sell Your House Today

March 3, 2022 by chorton Leave a Comment

Supply chain disruptions are affecting almost every industry. This is also true for the U.S. housing market where buyers demand is far greater than housing supply.

The current buyer demand is strong. The National Association of Realtors just released their latest Current Home Sales Report, which shows that sales increased in January. The seasonally adjusted annual rate for existing home sales was 6.5 million. This is 6.7% more than the previous month. Sales were up in all regions. But there is one problem.

The market is experiencing a shortage of homes to sell due to high buyer demand. According to the report, inventory of homes for sale is down to 1.6 months.

The number of new listings on the market has decreased in the past four years, and carry-over inventory is down in recent years. Because listings are sold quickly, they don’t last long enough to carry over from month-to-month. This means that homes don’t stay on the market as long as they did before the pandemic.

If you are thinking about selling your home, don’t delay. When there is high demand and limited supply, a seller will always get the best deal. This is exactly what the current real estate market looks like.

Inventory (and thus your competition) will rise as more homeowners wait to list their homes in spring and early summer.

These newly constructed homes will be a competition to your house as they are complete. This is a huge opportunity for you right now. Do not wait for the increase in competition in the area. Today is the best day to list your house. Give Preferred Property of Texas a call and let’s get your house on the market at this optimal time to sell.

Original article: https://www.keepingcurrentmatters.com/2022/02/24/the-1-reason-to-sell-your-house-today/

Hire a Realtor who sells homes because they love to sell homes!

February 7, 2022 by chorton Leave a Comment

You want a Realtor who is passionate about selling homes when the time comes. It’s a common theme that passion is important in any career, and this holds true for Realtors. You shouldn’t hire Realtors who are anxious about going to work each day, have a lackadaisical attitude, don’t show enthusiasm about their job and avoid being a negative influence on others.

Someone who is passionate about helping homeowners sell their homes for top dollar is what you want. A person who is excited about completing the sale of a house and knows the details. A person who sees challenges as opportunities. A person who sees challenges as opportunities.

A Realtor selling homes for a living involves customer service. If they aren’t good communicators and believe in the importance providing excellent service, then selling houses is not something they will be able to do well at. It is not necessary to be a people person.

What is the best way to find out more about the Realtor’s passion for their work? You can Google them. Online information can reveal a lot about a person’s personality. You can visit all their blogs, websites, and social media platforms. Read what they write, what they comment on, and read what their customers have to say about them. Never forget the importance and value of your gut instincts after you meet with them.

This week of Valentine’s Day, love is in the air. When you list your home for sale, make sure that love is present.

Call me, Preferred Properties of Texas and our agents will provide you with additional Real Estate tips.

Original Post: https://www.imagineyourhouse.com/real-estate-tips/hire-a-realtor-who-sells-homes-because-they-love-to-sell-homes/

Preparing Your Texas Land or Ranch for Sale

January 27, 2022 by chorton Leave a Comment

Preparing Your Texas Land or Ranch for Sale

You have now decided to sell your land or ranch. You have to prepare it just like a house seller. You have to make it as showcase-ready as possible and within the scope of work and money you can shell out.

First, find an experienced real estate agency that handles raw land and ranches. Experienced raw land and ranch realtors are more knowledgeable about the market and what buyers are looking for. They have a sharp eye for what needs to be developed or tweaked in the property before displaying it to prospects, as well as features that will add or subtract to the value of the land.

Now Let’s Get To Work

Put yourself in a buyer’s shoes – what key features or elements are you looking for in a ranch or land?

Your fence should be in top shape, or the best you can do. Fix loose or broken wires and replace posts that have seen better days. If you have electric fencing, make sure these are operational without you being electrocuted. Yearly cleanup of overgrowth of land near the fences would save you time and money; however, if you’ve neglected it, a once-over is advisable so buyers can see the fences. For areas without fences, mark them with “T” posts or stakes, so buyers will see the boundaries of the property.
Give them the grand entrance – Fix the gate. A working and presentable gate gives the impression that the property is well taken care of. A gate that opens and closes well without any insect nest or grass covering it gives a good first impression. It doesn’t have to be new, just working, not hard to open or close and fresh paint will do the trick. If you can spare the money and time to install a new one, that would be even better.
Buyers are always in awe whenever there are great views or water features on a property. Make sure river or lake banks are clean, free from trash, debris, and other obstacles. Enhance viewing spots by keeping them clean, trimmed, and mowed as well as the path to get there. It’s like when showcasing a house; you are enhancing the best features to stir up the imagination of buyers what they can do to the property – for them to imagine the further potential of the ranch.
Concerning the viewing pleasure of potential buyers, make sure all viewing spots to see the whole property are accessible without being tangled in shrubberies or anything that can deter them from touring or walking through the area.
Speaking of accessibility, if your property is landlocked, make sure you have a documented easement agreement with your neighbor or neighbors that gives access to the land. Aside from the agreement, make sure that easement access or the road leading to your land is accessible and direct, so as not to create confusion on which property is on sale and not enter your neighbor’s land.
Clear out all the trash and junk that stick up like sore thumbs from the pristine views. Junk and trash such as rusting vehicles, wires, or metal pipes should be cleared out. That also includes the shell casings of guns from the last shooting party with friends and family. You want to give the best impression to buyers that they are buying a prime piece of property that’s well taken care of. This will give them the idea of the potential of the land, and possibilities for income generation or leisure activities.
For still useable stockpiles of wood, pipes, bricks, automobile parts, and other knick-knacks, organize them in one place. These things can still look presentable as long as you arrange them in an orderly manner.
Of course, you also need to stage the main house, barn, or any other structure, adding to the curb appeal of the property. A fresh coat of paint, roofing repairs, amenities such as HVAC, insulation, water supply, and heating are the usual home features the buyers will be checking.

After tending to the physical aspects of the property, it’s time to look after the paperwork, documents you need to have on hand.

Land title, real property tax receipts, easement agreements, and water rights are the basic papers that need to be on hand, to be checked by your realtor. Without these papers, it will be difficult to sell the property.
Prepare records of Income statements, as well as documents of wildlife and fisheries in the property. These help target the right buyers.
List the livestock, equipment, and structural improvements that will be included with the ranch. You want prospective buyers to have a full picture of what they are getting with the land.

All these preparations will make it easier for you, your realtor, and the buyer to conclude terms of pricing, offer, and final decision on the sale. A ranch or land sale is just like selling a house. You have to stage it, both physically and on paper for you to get the optimal price.

Top Trends in Selling Ranches or Land in Texas

January 25, 2022 by chorton Leave a Comment

Top Trends in Selling Ranches or Land in Texas

This is the golden opportunity for selling ranches or land in Texas. Before the global COVID-19 pandemic, there was already an increased demand for land in the Lone Star State. The pandemic did not dampen this trend; instead, it boosted the search and sale of real estate.

Profile of New Buyers

Two major driving forces of buyers are heading for lands and ranches are: first, the necessity for a change of lifestyle, and second, as an investment due to the uncertainty of other portfolios. The year 2020 proved to be just a sneak peek into the future of real estate in Texas. The spread of the COVID-19 in urban and densely populated cities was a game-changer in terms of lifestyle and investment.

People are now looking at properties in less populated areas, no matter what amenities are available. Investors, in real estate and other portfolios, are pivoting towards open lands than high-rise apartments, stocks, or bonds. In other words, you are looking at a new breed of buyers – first-time homebuyers, millennials, and city folks.

Property buyers are looking for their piece of paradise, whether this means organic farming, ranches to keep wild game animals for hunting, and other leisure and alternative income-earning pursuits. These buyers, for the most part, are very much aware of the environmental impacts of these endeavors. Thus, the preservation of the land is a priority. In other words, they do not want to mess up the beauty of the wide-open space Texas has to offer.

Trending as One of the Best States to Live in

Pre-pandemic, Texas had already been hailed as one of the best states to live in. It has a balance of good schools, job opportunities, and leisure activities that many are looking for in communities. The urban areas and surrounding suburbs have all the right amenities and elements, while in keeping with a lower cost of living compared to other states such as California and New York.

Now, because of this, those who own properties near urban centers or within the vicinities pre-pandemic and the natives, of course, can sell at the most optimal rates to buyers. They can buy outskirt lands, ranches, or in more rural areas. Other land buyers are out of state, even from foreign countries, who want a piece of the American lifestyle at its best. They may be investors who want a secondary or tertiary residence. Investment to nest their eggs while other portfolios are still uncertain.

Land has always been the most stable investment that can turn into easy cash or passive income in the future. Land properties still offer more possibilities and opportunities than other investments. More people are realizing this as the wave of the pandemic has hit the country. Texas, with its hills, meadows, and prairies, is ideal while still enjoying the benefits of better healthcare and lifestyle options.

Social Unrest in Big Cities Resulted to in the Big Move

Uncertainty was not only felt in the financial districts in big cities but also in the streets. 2020 has been a year of unpredictability, where unrest and violence ruled some city streets. Families saw how more dangerous and potentially life-threatening urban living could be. This became the deal-breaking decision for some to move to the country, which would be more peaceful and more conducive to health and wellbeing.

Now The Numbers

Ranch lots were the first to go in the second half of 2020, as buyers bought at about 552,707 acres in rural areas of Texas. That is equal to $1.69 billion. The total value of sales in 2020 is 28.9% higher than the same time in 2019. These are sales and increases in prices across seven regions that include Austin/Waco/Hill Country. Sale and price averages have doubled for the past six years.

Now is the right time if you have land that you want to sell, while everything is still sunny and looking bright and clear like the big Texas sky.

Owning A Horse Ranch

August 13, 2021 by chorton Leave a Comment

It is not easy to own and operate a horse ranch. How much does a horse ranch run? Owning a ranch comes with upfront costs such as taxes and development fees. However, you will need to purchase horses and register the horse ranch as an accredited company. The majority of the costs involved in owning a horse farm will be related to the purchase of horses.

Horses can be expensive, and those who have one know how costly they can become. Horse ownership comes with the most expensive costs:

Costs of purchasing
Vet expenses
Farrier costs
Feed/board costs
Costs of equipment/tackling
Training costs

When you decide to purchase a horse, the first thing you need to consider is the cost of purchasing the horse. The cost of a horse will depend on its breed, age, and bloodline. A show-level Hanovarian, for example, can go up to $50,000. The average cost of a standard riding horse is between $3,000 to $5,000. You might be able buy a horse if you can foster one from a rehabilitation facility.

The next expense you’ll have to pay once you own a horse is the cost for vet and farrier visits. The horse vet administers vaccines and shots to your horse. They also care for your horse in case of injury or sickness. The farrier is responsible for trimming your horse’s hooves and equipping them with horseshoes.

A typical horse vet will charge between $50 and $75 to visit the farm and $200 to $350 to administer any vaccinations. Your horse’s hooves grow faster in summer than they do in winter. For a standard farrier visit, expect to pay between $30 and $70 for a trim or $50 to $200 for shoes.

Hay and grass will make up the majority of any horse’s diet. Hay is paid for, while grass is usually free. Hay will typically cost between $5 and $15 per square yard. To meet the standard nutritional requirements of horses, hay and grass must be supplemented with grain. A horse owner can expect to pay $15-$50 for a bag of grain, depending on the quality and size.

You most likely want to buy a horse so you can learn about the sport and ride it. You will need to purchase tack, equipment and training if you decide to ride your horse. Equipment and tack costs can vary depending on the horse’s age and quality. Training will also cost more than all the equipment. A lesson in riding can range from $50 to $250 on average.

A horse is a costly investment. If you have more than one horse, this expense can be even greater. An average cost to own a horse each year is between $2,000 and $50,000. If you plan to board your horse at a different horse ranch, the overall cost will need to be adjusted.

If you have a horse ranch, you won’t need to include boarding costs in your answer to “How much does it cost to purchase a ranch?”

If your looking to buy a horse ranch contact our office to speak with one of our knowledgeable agents. We are here for you!

The Ins and Outs of Water Rights in Texas

July 13, 2021 by chorton Leave a Comment

Water is an important resource that continues to shape the development of Texas. The Water Rights law is complex because of the Lone Star State’s historical background and succeeding amendments to adjust to the hydrologic cycle and usage. Water Rights dictates who is given by privilege, quantity, and purpose. It also specifies the time and place where the water may be utilized. Texas law has divided water into legal classes with different rules on ownership and usage for each category. The most recognized of the classes are surface water and underground water. Surface water rights are more complex because it follows the British ruling, and other amendments based on the hydrologic cycle

Surface Water

What is the Riparian Doctrine?

Briefly, the Riparian doctrine is used in resolving water rights and usage conflicts. The fundamental rule is that water rights are connected to the ownership of the property that borders natural water sources such as rivers or streams. Water rights are covered by land proprietorship.

Riparian landowners have the right to use the water within reason and in consideration of the needs of other owners of lands with the same water source. Water rights are retained as long as the property ownership is retained.

Texas water rights use this ruling to resolve conflicts between landowners’ use of natural water within their properties when applicable.

What is Prior Appropriation Doctrine?

Landowners, lawmakers, and the courts from the Western States realized the Riparian Doctrine is not enough to cover rulings on water rights. The doctrine is not appropriate to the dry weather of the Western States, where the rainfall average is below 30 inches per year. Prior Appropriation Doctrine is therefore applied where water rights are not connected to land ownership. Instead, it is based on complying with statutory requirements.

Texas, like the other Western States, was unable to control the use of natural sources of water. Water belonged to no one and was used by everyone. The Doctrine of Prior Appropriation then was adopted to legalize the appropriation of the use of water from rivers and streams.

Combining Two Doctrines

Water Rights Adjudication Act of 1967 combined the Riparian and Prior Appropriation Doctrines. Any person who wished to claim a Riparian must file claims for the right by 1969 with the Texas Water Commission. Furthermore, anybody wishing to use surface water or drainage water must ask and receive permission from the state. The permission is granted by Texas Commission on Environmental Quality.

Why is this drainage water so important that there is a need for a permit to collect and use? Drainage water is another name for diffused surface water or stormwater that naturally incurred after rainfall or snowmelt. Diffused surface water finds its flow from high elevation to low lands. By law, the diffused or drainage water is owned and regulated by the state. Thus, landowners must have a permit to collect this water. There are three general directives applied when drainage water is collected or diverted.

Directive 1 – Common Enemy Rule: Drainage water is considered as a common enemy of all property owners and the law enables all owners to establish measures to protect their properties, without considering the consequence of which to others or neighboring properties. For example, under this rule, Property owner A can take measures like diverting the flow of diffused water to a water duct in his property to protect certain parts from being destroyed or affected by the natural water flow.

Directive 2 – Civil Law Rule or Natural Flow: In this ruling, all property owners are entitled to the perpetuation of the natural flow. If an owner upstream manipulates and increases the flow, causing flooding to lower elevation property, the manipulator is liable to damages.

Directive 3 – Reasonable Flow: Flow of drainage water can be redirected by a property owner even if the extent of the diversion harms the property of another, provided that the action is considered within reasonable circumstances. The reasonable condition is subject to evaluation.

Groundwater

The law on groundwater in Texas is uncomplicated and easy to understand. Groundwater is considered part of the private property of the landowner. Property owners have the right to pump up or collect the water underneath their land. Simple, right? Not so, as all property owners share the reservoir of water underneath the land.

Adjoining properties pump on the same source; pumping up of one property may cause the quantity of water to dwindle or the well of the neighbor to dry out. The existing law on the collection of groundwater is called the “Law of the Biggest Pump”, which means whoever owns the most powerful pump can collect all the water, regardless of whether the neighbor’s reservoir runs dry. Owners are not liable for any inconvenience or even losses their neighbors might incur if their source of water runs dry.

There are only five circumstances where the Texas court will intervene on Groundwater rights:

If there was trespassing on neighboring land to drill water by directly drilling a well on the property or a slanted well on adjoining property that crosses the property line via subterranean level, then the injured neighbor can sue on grounds of trespassing.
If there was malicious or wanton intention to injure another by intentionally drying out the well of a neighbor via over pumping, then the court will intervene.
If it is proven that a property owner or owners are wasting artesian well water by letting the water overflow their land or seep back to the water table, then the court will intervene.
It is unlawful to contaminate or pollute groundwater.
If over pumping from adjoining lands causes the other properties to sink or would have an injurious effect on the land, then the court will intervene.

These are the basic ins and outs of Texas Water Rights.

If you are contemplating buying land in Texas then call a knowledgeable agent with Preferred Properties of Texas to help you through the process of buying land and making you sure you have access to one of life’s most valuable resources on the planet water. Check out what farm and ranch properties are available.