Area Real Estate News & Market Trends

You’ll find our blog to be a wealth of information, covering everything from local market statistics and home values to community happenings. That’s because we care about the community and want to help you find your place in it. Please reach out if you have any questions at all. We’d love to talk with you!

Dec. 20, 2017

Is buying a home right for you?

You may have questioned if buying a home is right for you.

Here are three key factors that may help you in deciding. 

 

 

1. Do you plan to live in a certain area or location at least two years? 

Often times people doubt if they want to buy because they are afraid they may not live in that location for very long. Did you know in East Texas the average rent per month is $1,100. If you lease for two years at $1,100 you are loosing $26,400. That is $26,400 that could be applied to a home of your own in return building your own equity. 

 

2. Is having a large down payment holding you back?

 

There are many people who believe that they have to have 20% down in order to purchase a home. Over the past decade the government has made many improvements to government insured loans. The average home buyer is able to put down as little as 3.5% on FHA insured loans! Conventional is now at 5% down and USDA is up to 100% financing with no down payment. It has never been easier to own your home with little to nothing down and rates are lower then they have been in years. There are also government assistant programs also such as SETH, http://sethfc.com/option-1/

Go the Texas Department of Housing and Community Affairs website to see what you may be eligable for 

https://www.tdhca.state.tx.us/homeownership/fthb/index.htm?gclid=CjwKCAiAsejRBRB3EiwAZft7sLDkKtPzjRmTY8ETZc1JdrJuUby-6hZ0PRKJv8_s2AOTKNZPeMQVTBoCYA0QAvD_BwE

 

3. Are you afraid to purchase a home only to end up with a ton of repairs? 

Being responsible for your own home may be a little scary. Luckily when you purchase a home you should have the help and guidance of your very own realtor. The realtor can help you get in contact with an inspector who will inspect your home during a option period. If the home has to many repairs you may choose to back out of the contract or negotiate for the seller to repair the item. One of the benefits of having a realtor help you with the process is the guidance and advice they can give you. Though a realtor is not an attorney they are professionals in this field and can help. Your realtor will usually help negotiate a home warranty for one year one your new home. This can help you with the cost of any repair you may incur. There are several companies to choose from. Ask your realtor which companies they recommend. 

 

Buying a home has never been easier! Get in contact today with your local realtor and find out what steps you can take to get started. 

 

Jen Bradshaw 

Rose Ranch Realty 

"Let's Get Moving!" 

 

 

 

 

Posted in Horses Helped
July 31, 2017

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Curious about local real estate? So are we! Every month we review trends in our real estate market and consider the number of homes on the market in each price tier, the amount of time particular homes have been listed for sale, specific neighborhood trends, the median price and square footage of each home sold and so much more. We’d love to invite you to do the same!

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You can sign up here to receive your own market report, delivered as often as you like! It contains current information on pending, active and just sold properties so you can see actual homes in your neighborhood. You can review your area on a larger scale, as well, by refining your search to include properties across the city or county. As you notice price and size trends, please contact us for clarification or to have any questions answered.

We can definitely fill you in on details that are not listed on the report and help you determine the best home for you. If you are wondering if now is the time to sell, please try out our INSTANT home value tool. You’ll get an estimate on the value of your property in today’s market. Either way, we hope to hear from you soon as you get to know our neighborhoods and local real estate market better.

Posted in Market Updates