Archive | January, 2017

Proof of Purchase

31 Jan

People who experience a property loss are usually asked by their insurance company for proof of purchase which can come in the form of a receipt or current inventory of their personal belongings.receipts or inventory.png

Even the most organized people might find it challenging to find receipts for all the valuables in their home. If the inventory isn’t up-to-date, a homeowner might forget to add some items to the claim and may not recognize the omission for long after the claim is settled.

The inventory can serve as a guide to make sure a homeowner gets compensated for all the loss.

Photographs and videos can be adequate proof that the items belonged to the insured. A series of pictures of the different rooms, closets, cabinets and drawers are helpful. When video is used, consider commenting as it is shot and be sure to go slow enough and close enough to things becoming recorded.

For your convenience, download a Home Inventory, complete it, and save a copy off premise. Good places for your inventory could be a safety deposit box or digitally, in the cloud if you have server-based storage available like Dropbox.

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Boomers Are Staying In-Place

24 Jan

There seems to have been an accepted progression for homeowners going from starter home, to gradually moving into one’s dream home, then, downsizing after becoming an empty nester and finally, into a retirement home. However, Marianne Cusato’s 2016 Aging-in-Place Report indicates that many older Americans don’t plan on following that pattern.46668033-250.jpg

61% of homeowners above the age of 55 intend on staying in their homes indefinitely. 2/3 of them believe that the home’s layout will serve their needs without having to make aging-related improvements.

Some of the reasons being cited for staying in place are:

  • 66% say their home is conveniently located
  • 38% say they live close to their family
  • 68% say they feel independent in their home
  • 54% say they are familiar with their neighborhood
  • 66% say the feel safe in their home

Typical renovations that might be considered for their current home are things like grab bars in the tub or shower, shower seats, taller toilets, handheld showerheads and additional handrails on stairways.

It seems that the report’s conclusion is that regardless of a homeowner’s age, they want to thrive in their home. The same emotional reasons that causes a person to want to buy a home are the things that cause them to hold onto them if is practical.

Beautiful 3 Bedroom Home Plus Study In Great Neighborhood!

24 Jan

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1110 Austin Drive, Melissa

3 Bedroom / 2 Bath /  Study

Check out the full motion HD-video here!

Look no further, this is the one! this is a lovely 3 bedroom + study, 2 bath home with a very nice open concept floor plan. It has a stunning, large kitchen which features beautiful granite counter tops and cabinetry. There is a large master bedroom which boasts a master bath retreat. Good sized backyard with extended patio offering plenty of room for the kids and or pets to run and play! The neighborhood has a great pool with a children’s splash pad, park and playground. Don’t wait! Come see this house today!

Please contact Tamra Powers at 214-680-6844 for more information or click HERE.

For more information and other homes for sale in this area, check out www.myrealtytown.com 

Stunning 4 Bedroom Home With Media Room!

24 Jan

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15421 Forest Haven Lane, Frisco

4 Bedroom / 3.5 Bath / Game / Media / Study

Check out the full motion HD-video here!

This stunning Highland home in sought-after Hunter’s Creek has it all with an expansive floorplan, rich updating, a large yard and is within walking distance of 3 of Frisco’s finest schools.  Upgrades & features are…..

An upgraded flagstone elevation, mature landscaping , double crown in entry, elegant
formals with gleaming hardwoods (2015), crown moldings, 6” baseboards, plantation shutters, iron spindles as well as a private study with French doors and a vaulted ceiling.

A spacious gourmet kitchen boasts a butler’s pantry, a large walk-in pantry, stainless
appliances to include a convection oven and Bosch dishwasher (2015), granite island area, abundant 42” cabinets with dentil moldings, gas connection if needed for cooktop,
spacious sunny breakfast area and is open to a large family room with hardwoods,
surround sound wiring, cozy fireplace with double mantle and gas logs, & custom media built-ins.

The split & Texas-sized master retreat has a backyard view, room for sitting area,
plantation shutters, and a luxury bath with jetted garden tub, separate shower, dual
vanities, linen closet, excellent storage and a huge walk-in closet with built-ins. Upstairs
is a large game room for play & wet bar area & storage closet with an adjoining media room with projection and surround sound wiring, a split guest suite with full bath and two large bedrooms with a jack & jill bath.

Other feature & upgrades are….plush carpet throughout (2017), interior paint (2017), large utility room with sink and built-in cabinets, levered brushed nickel door hardware, covered patio, large tandem garage, Class 4 roof (2014), radiant barrier (2009), solar screens, water heater (2016) & sprinkler & security systems & more. Priced to sell!

Please contact Jeff Jacobs at 972-978-6539 for more information or click HERE.

For more information and other homes for sale in this area, check out www.myrealtytown.com 

Attracting Buyers

17 Jan

There is a common body of knowledge among real estate professionals that indicates that the longer a home is on the market, the lower the price will be. Many sellers discount this belief in the beginning because they feel confident their home will sell quickly.incentives - article.png

Lowering the price is the most obvious thing that can be done to encourage buyers but it might be good to look at what builders do. Builders offer a variety of incentives such as upgrades, seller-paid closing costs, interest rate buy downs, washers, dryers, refrigerators or big screen TVs.

Interestingly, much of the resale market doesn’t employ these techniques. According to the latest NAR Home Buyers and Sellers Profile, 64% of sellers did not offer any incentives at all.

21% of sellers offer a home warranty. 16% of sellers offered assistance with closing costs and 6% offered credit toward remodeling or repairs.

The attached chart indicates that while 80% of sellers were not willing to offer incentives in the beginning of their marketing period, as weeks passes and their home hasn’t sold, closer to half did add incentives.

The ideal outcome is to maximize proceeds in the shortest time possible with the fewest unexpected issues. This involves having a firm understanding of current, local market conditions and crafting a marketing plan that will insure results.

There is so much at stake, the value of a trusted real estate professional is essential.

STUNNING HOME WITH OUTDOOR KITCHEN!

13 Jan

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14582 Holly Leaf Drive, Frisco

4 Bedroom / 3 Bath / Game / Outdoor Living Area

Check out the full motion HD-video here!

This stunning Landstar home in sought-after Hunters Creek has a versatile floorplan, rich updating, an incredible outdoor living area,  is nestled right next door to Lee Meadow Park and is within walking distance of 3 of Frisco’s finest schools. Upgrades and features are….

Upgraded landscaping and elegant formals with a custom granite buffet in the dining area with wine rack, upgraded light fixture and rich hardwoods leading to a gourmet kitchen with a gas cooktop, extensive 42” cabinetry with hardware, convection oven, updated sink, faucet and Edison light, serving island & sunny breakfast area.

Spacious family room with hardwoods, surround sound, toasty fireplace with brick hearth and gas logs, 12 ft ceilings and leads to the almost 400Sf covered patio with a built-in sandbox, 4 ceiling fans & one retro fan, built in stone table seating, cooking station with built-in Weber grill with overhead lighting, refrigerator & deco ledge, TV outlet and area, nice-sized yard & an outstanding Board-on-Board fence with deco iron insets.

The master retreat has a sitting area and bath with stain-grade vanities, dual sinks, garden tub, separate shower and spacious walk-in closet. Also upstairs is a 17 x 15 gameroom with surround sound with a large storage closet and two other bedrooms served by a full bath.

Other outstanding upgrades & features are….an elegant formal living could be a study, private guest suite down, oversized garage, tankless water heater and radiant barrier, upgraded lighting, floored attic space over garage, plantation shutters at entry, driveway widened, epoxy flooring in garage, zoysia grass in backyard and ½ front yard & more.

Please contact Jeff Jacobs at 972-978-6539 for more information or click HERE.

For more information and other homes for sale in this area, check out www.myrealtytown.com 

Rent or Buy – You Pay for the House You Occupy

10 Jan

The ironic thing about people who think they can’t afford to buy a home for themselves, end up buying the home for their landlord. There are several facts that support this notion.Home is Leveraged Investment-300.png

Mortgages, whether held by an owner-occupant or an investor, are usually amortized so that each payment reduces the principal amount owed so that the loan will be repaid totally over the term. A tenant is inadvertently retiring the landlord’s mortgage with his monthly rent.

In most cases, the mortgage payment including taxes and insurance will be lower than the rent tenants are paying. Some experts are saying that we may never again experience the incredibly low mortgage interest rates currently available.

Renting precludes a person from enjoying the advantage a home has as a leveraged investment. When the borrowed funds cost less than the investment is returning, the rate of return on the down payment grows much faster. As you can see from the chart, a 2% appreciation on a home could result in big returns on the down payment. In most cases, there are very few or no alternative investments that offer homeowners similar returns.

Even if a buyer agrees with all of these things but doesn’t have the down payment or cannot qualify for a loan, they still need to investigate further. To find out exactly what types of loans are available and the specific down payment required which can be a whole lot less than 20%, they need to consult with an experienced, trusted loan professional (an Internet lender or a “BIG” bank may not be the best choice.) Call for a recommendation.

Facts or Myths

3 Jan
  • “It’s impossible to get low down payment loans.” – MYTH!
    FHA down payments are 3.5% and VA is 0%. In some areas, there may be some 0% down payment USDA loans available. FNMA and Freddie Mac have 3% down payment programs.

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  • “It takes perfect credit to get a loan.” – MYTH!
    There is a relationship of better rates to better credit but many issues on a credit report can be explained or corrected. The way to know for sure is to speak to a reliable lender.
  • “If I’ve had a bankruptcy or foreclosure, I can’t qualify.” – MYTH!
    Credit history following a bankruptcy or foreclosure is very important and there can be extenuating circumstances. It only takes a few moments with a reliable lending professional to find out if your individual situation will allow you to qualify for a new mortgage.
  • “Getting pre-approved is expensive.” – MTYH!
    Usually, the only expense to getting pre-approved is the cost of the credit report which could be around $35. The advantage is that you will know that you qualify for a particular mortgage amount.
  • “I should wait to qualify until I find a home.” – MYTH!
    It can take weeks to qualify for a mortgage especially if there are issues that need to be corrected. The best interest rates are only available for the highest credit scores. It is to your advantage to start the qualifying process early in your home search.
  • “All lenders are the same.” – MYTH!
    Reliable lending professionals will explain the entire process before collecting fees, quote fees up-front, have competitive products, do what is necessary to get the loan approved and close at the locked rate and terms. Ask for recommendations from recent borrowers.
  • “Adjustable Rate Mortgages are more expensive than fixed rate mortgages.” – MYTH!
    Adjustable Rate Mortgages can be less expensive than fixed rate mortgages if the buyer’s circumstances warrant it. If a buyer is only going to be in a home for a few years before selling, it can be determined if an ARM loan will result in the lowest way to finance the property. There are many variables and you need to be aware of them before deciding which type of loan to finance your home purchase.

Buyers and Sellers need solid information to make good decisions. Call us with your questions or to get a recommendation of a reliable lender who can give you the real facts.

Gorgeous Upgraded Home Shows Like A Model

3 Jan

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16516 Amistad Avenue, Prosper

2 Bedroom / 2.1 Bath / Upgraded / 2 Car 

Check out the full motion HD-video here!

Stunning, immaculate and barely lived-in Megatel home in sought-after Artesia Community!!

This home is gorgeous and shows just like a model! Over flowing with upgrades with Knotty Alder 42″ cabinetry, granite countertops throughout, jetted tub in master bath, coffer ceiling in living room, study with french doors off of entry, 8ft interior doors, professionally installed epoxy flooring in garage, covered patio with extended concrete, radiant barrier, Energy Star certified home and so much more!!

Resort style community center with splash pad, clubhouse and complete fitness center! This home has it all and is waiting for you!!

Hurry! You don’t want to miss out on this one!

Please contact Tamra Powers at 214-680-6844 for more information or click HERE.

For more information and other homes for sale in this area, check out www.myrealtytown.com 

 

Stunning & Upgraded Home With Backyard Oasis!

3 Jan

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1524 Farm Dale, Allen

5 Bedroom / 3.1 Bath / Pool / Spa / 2 Car 

Check out the full motion HD-video here!

This gorgeous home in sought-after Summerfield boasts rich updates, a versatile and expansive floorplan and sparkling pool & spa all nestled on an oversized lot. Upgrades & features are….

Chef’s delight kitchen has a gas cooktop, beautiful quartz counters, abundant 42” cherry cabinetry with hardware, built-in GE wine fridge, double-convection oven, large island, pot drawers, neutral faux finish, hanging pot rack, sleek black appliances and sunny breakfast area with window seating.

The split & spacious  master retreat has crown molding & offers a lovely pool view and a luxurious bath with dual stain-grade vanities, jetted garden tub, separate shower, glass blocks, large custom storage closet with built-ins and spacious walk-in closet.

The family room boasts 20’ soaring ceilings & is anchored by a Fanimation Palisades dual fan & has a rustic stone fireplace with gas logs, a custom stain-grade entertainment center, an art niche, 7.1 surround sound with Polk speakers & leads to a spacious covered patio with flagstone lined landscaping beds, Bose speakers, a Riverbend Sandler pool with waterfall & gas torches, flagstone coping, pebble Tec surfacing, in-floor cleaning system, extensive landscape and stonework, a gas firepit, dog run, a 6-person Concord Thermo Spa and privacy provided by an 8’ board on board fence.

Upstairs are 4 spacious bedrooms with one being a private guest suite with a huge walk-in closet, two full baths and the 22 x 11 bedroom with hardwoods & great storage could easily be a game room, or media room.  Other outstanding features and upgrades are…..large wrap-around under stair storage, oversized 24 x 22 garage, elegant formal dining with
travertine tile deco, private study with French doors & decorator fan, covered front porch, professional landscaping, Polk speakers in master, kitchen, dining and game room, Elfa shelving under stairs and in utility room, radiant barrier & more!

This home is move-in ready, in an outstanding location in Summerfield with community pool, walking path to parks and excellent Allen ISD schools.

Please contact Jeff Jacobs at 972-978-6539 for more information or click HERE.

For more information and other homes for sale in this area, check out www.myrealtytown.com 

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