Archive | May, 2019

Time to Buy Again

28 May

For people who have experienced a distressed sale of a home and gotten their finances and credit back in shape, there can still be an unanswered question of “How long do we have to wait to qualify for another mortgage.” The loan types for the new loan will differ in amounts of time based on the event.

The different lending authorities, VA, FHA, Fannie Mae (FNMA) and Freddie Mac (FHLMC), establish their own waiting periods. A borrower may be eligible to qualify for one type of mortgage before another type, even though during this waiting period, that the person was current on all payments and maintained a history of good credit.

The following chart indicates how long a person might have to wait.

waiting period for distressed sales.png

A recommended lender can give you specific information regarding your individual situation and can make suggestions that will improve your ability to qualify for a mortgage. This process should be started before looking at homes because of the time constraints listed here can vary based on current requirements and possible extenuating circumstances of your case.

We want to be your personal source of real estate information and we’re committed to helping from purchase to sale and all the years in between. Call us at (972) 978-6539 for lender recommendations.

Advertisements

Tech to Find the Right Home

21 May

According to the 2018 Profile of Buyers and Sellers, 52% of buyers want help to find the right home to purchase. Physically locating the home is certainly part of what buyers want from their agent but finding the right home at the right price and terms is also crucial.

87% of buyers purchased their home through a real estate agent or broker. Slightly more than half of buyers were referred to their real estate professional by/or is a friend or relative or had used the agent previously to buy or sell a home.

There are tech tools that can be used together with the expertise and experience of your real estate professional to make the home buying process efficient and effective.

Listing Alert … while this service is called by other names, the buyer identifies the specifics about the home they want, and it will notify them directly when a new listing comes on the market that matches their needs.

Real estate smartphone apps … imagine driving a neighborhood, seeing a sign and immediately being able to know the price and specifics about the home; very convenient. There are a variety of different apps available such as Homesnap, and others, ask your agent for their recommendation before installing one.

Digital documents … companies like DocuSign have revolutionized real estate negotiations by doing everything digitally so that you’re not going back and forth between the parties signing and initialing changes. It is safe and secure and your agent will handle this end of it for you.

ColorSnap Visualizer … this Sherwin Williams app for iPad allows you to paint walls on a picture, match photos to find paint colors and other things before you commit to a color.

Google maps … plug in an address on Google Maps and you see street view of the home, satellite view, surrounding businesses, traffic speed and other things.

Sex Offender RegistryNSOPW, the National Sex Offender Public Website is a safety resource that provides the public with access to sex offender data nationwide.

Financial Calculators … fill in the blank applications that can illustrate the benefits of renting vs. owning, Equity Accelerator, Adjustable Rate Comparison, Cost of Waiting to Buy and many other homeowner situations.

Free Public Records DirectoryOnlineSearches provides access to public record sources like deeds and assessor and property tax records. While this service is free, some state and county agencies may charge fees for accessing public records.

Virtual open house … an alternative to physically viewing a home is to look at the multiple photos online. If the property is interesting, you can schedule a physical showing with your agent.

Check your credit … Order free credit reports from Equifax, Experian and TransUnion each once a year at www.AnnualCreditReport.com.

The final recommendation is your phone. When you have a question, contact your agent. Calling another agent may seem like an expedient way to get an answer, especially if you cannot get a hold of your agent but it could inadvertently, cause issues.

Your real estate professional can assist you with these and other tools to help you find the right home. If you have any questions, feel free to call us at <phone>.

Comfort Systems

14 May

Heating and air-conditioning are frequently referred to as the “comfort systems.” If one has gone out in the dead of winter or the heat of summer, lack of comfort becomes a primary concern. Regular maintenance with a HVAC checklist is something that homeowners can do themselves to ensure that the units operate properly.

Periodically

  • Change your filter every 90 days; every 30 days if you have shedding pets.
  • Maintain at least two feet of clearance around outdoor air conditioning units and heat pumps.
  • Don’t allow leaves, grass clippings, lint or other things to block circulation of coils.
  • Inspect insulation on refrigerant lines leading into house monthly and replace if missing or damaged.

Annually, in spring

  • Confirm that outdoor air conditioning units and heat pumps are on level pads.
  • Pour bleach in the air conditioner’s condensation drain to clear mold and algae which can cause a clog.
  • Avoid closing more than 20% of a home’s registers to keep from overworking the system.
  • Replace the battery in the home’s carbon monoxide detector.

While using this list will prevent some things that may impede the comfort system’s proper performance, it is recommended that you have your units serviced annually by a licensed contractor. Furnaces should also be inspected for carbon monoxide leaks. Preventative maintenance may help avoid costly repairs.

A Home Warranty Can Save Money

7 May

Your income tax is probably filed for last year by now and you’ve been through your expenses for the year. Money spent on repairs to your home is not deductible but being aware of how much you spent last year may help you make a decision that could save you money this year.

Sellers, often, provide a home warranty to buyers to give them peace of mind by limiting some of the out-of-pocket money spent on unexpected repairs for one year. Home warranties can be renewed by the buyer by paying the annual fee and any homeowner can purchase one for their home whether they had one when they bought it or not.

A home service contract typically covers mechanical systems and built-in appliances in the home. Many times, these items are not covered by the homeowner’s insurance policy. They can also include other things such as pool and spa equipment, and free-standing appliances like refrigerators, washers and dryers.

The process is simple. It doesn’t cover pre-existing conditions. Once a plan is in effect, you call to report a claim. The company will assign a local profession to assess the problem and if covered, they will repair or replace the item. You will only pay a service fee.

Home protection plans can range in prices depending on area and coverages. Most start around $400-500 a year which could easily cover the cost for one claim alone.

For more information on home warranties in general, you can go to HomeServiceContract.org which is an association representing some of the premier home service contract providers. If you’d like to have a recommendation based on companies we work with in our area, give me a call at (972) 978-6539.

3751 Marigold Lane, Prosper

2 May

GORGEOUS AND LUXURIOUS TOWNHOME IN WINDSONG RANCH!

2 Bedroom / Built 2017 / Extensively Upgraded

Click here to view an HD video of this property

This stunning townhome truly has it all with the best of “lock & leave living” with luxurious upgrades & an open North-facing floorplan all in sought after Windsong Ranch. Stone pillars and cedar accents enhance the curb appeal of this home and a convenient 9 x 10 covered porch area provides an area for relaxing and entertaining.  Upon entry, your guests will be greeted by rich “Stafford Birch” hardwood flooring, 5-inch baseboards, upgraded light fixtures, warm and neutral tones and 14-foot ceilings in both the kitchen and family room to provide an open feel. The
family room is a generous size, enjoys a porch view, has custom built-in shelving and is open to a kitchen that would delight any chef with its modern island lighting, level 4 “Volcanic Ash” 3cm counters, gorgeous and upgraded “Sochi Glacier” backsplash, farm sink, Whirlpool stainless steel appliances to include a double oven, custom pot & pan drawers, pull-out trash slider, abundant cabinetry & hardware & a large walk-in pantry.

The split and private master retreat boasts upgraded “Shaw Angora Classic” carpeting & 14-foot ceilings with remote-controlled black-out shade for upper window & a luxurious master bath with dual sinks & upgraded counters, an oversized walk-in shower with beautiful “Carrara” tile, a framed mirror, upgraded lighting and a large walk-in closet.

The second bedroom also has upgraded carpeting,  is a generous size and is served by a full bath with upgraded cabinetry & counters, a framed mirror & tub/shower combination. Other delightful features of this home include 5-panel doors, upgraded lighting, energy-efficient vinyl windows, security system, pre-wired for sound in family room, patio wired for ceiling fan & gas drop for grill, all fixtures upgraded to Brushed Nickel and Ladera door hardware, added phone & cable lines in bedrooms and much more!  Windsong Ranch is Prosper’s premier master-planned community offering unparalled amenities with 600 acres of open space, parks and trails, an innovative and rare 5-acre crystal-clear lagoon with amenities center opening soon, Windsong Café, resort-style pool, Children’s Splash Park, Amphitheater, basketball courts and more. This home is priced to sell and move-in ready!

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 

8204 Ridgelea Street, Dallas

2 May

GORGEOUS BLUFFVIEW HOME HAS IT ALL!

4 Bedroom / 2 Bath / Upgraded / Covered Patio

Click here to view an HD video of this property

This stunning Bluffview home offers extensive upgrading, an expansive and sought after floorplan and incredible location just minutes from all the best Dallas has to offer! Beautiful trees, stone landscaping borders and an upgraded elevation with flagstone accents enhance the curb appeal of this home and upon entry, your guests will be greeted by rich nail-down hardwood floors, extensive double-crown moldings, warm neutral tones, 6” baseboards and an elegant formal dining with a light and bright living area across from it which can be used as a study, music room, playroom, or formal living area. The gourmet kitchen would delight any chef with its extensive 42”painted cabinetry & work areas, granite counters & serving island, GE stainless appliances to include double convection ovens & 5-burner gas cooktop, undermount sink, walk-in pantry, sunny breakfast area with window seating & is open to a large family room with an impressive floor-to-ceiling stone fireplace with gas logs & hearth, 13-foot ceilings, an upgraded ceiling fan and custom built-in bookcases.

The Texas-sized master retreat boasts upgraded patterned carpeting (4-19), a sitting area with backyard view, crown molding, two large walk-in closets and a luxurious master bath with upgraded granite counters, split vanities, an oversized walk-in shower, a jetted garden tub, upgraded lighting and medicine cabinet. The other three bedrooms are a generous size with two having walk-in closets and are served by a full bath with wonderful linen storage. The backyard is perfect for relaxing, or entertaining family and friends with a large covered patio with speakers and additional arbor covering with 50’s style rustic fans, privacy fence and large grassy area for pets. Additional upgrades and features are….security & sprinkler systems, arches & bull-nosed corners throughout, over-sized garage with built-in shelving & sink, excellent utility room with cabinetry, rubbed-oil bronze door hardware & more. This home is priced to sell and move-in ready!

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 

11524 Seaside Lane, Frisco

2 May

CLICK HERE TO VIEW HD TOUR OF THIS HOME!

This breath-taking Shaddock-built home offers the very best in floorplan, boasts gorgeous custom upgrading throughout and is nestled on a corner lot on the best street in sought after Villages of Stonelake Estates. The curb appeal of this home is enhanced by lush landscaping, upgraded brick & stone accents, a custom alder and beveled-glass front door and upon entry, your guests will be greeted by rich nail-down hardwoods (refinished in 2016) throughout most of the downstairs, warm & neutral tones, 6-inch baseboards, Plantation shutters & an elegant formal dining with a beamed ceiling and upgraded light fixture & just adjacent is a private executive study with stain-grade trim and Plantation shutters & French doors. The remodeled (2016) kitchen is the gem of this home and would delight any chef with its “Taj Mahal” quartz countertops, extensive & painted 42” cabinetry with Restoration Hardware knobs & pulls, Kohler Artifacts faucet and undermount sink, Visual Comfort pendant lighting & breakfast chandelier, Kitchen-Aid stainless appliances to include a 5-burner gas range, double convection oven & dishwasher, abundant work areas and island & sunny breakfast area & is open to a Texas-sized family room with 22-foot beamed ceilings, an upgraded cast-stone fireplace with gas logs and custom-built-ins for media equipment & storage.

The split and private master retreat exudes luxury with plush patterned carpeting (2017), 6-inch baseboards, vaulted ceilings and enjoys a spa-like master bath with knotty alder cabinetry, split vanities with upgraded lighting & travertine counters, an oversized shower, bronze hardware, a Jacuzzi jetted tub, decorative tile and a large walk-in closet with built-ins.  The backyard is an oasis for relaxing and entertaining with professional and extensive landscape design, a large flagstone patio (2009), a freshly stained arbor & flagstone wall (2009), an 8-foot cedar Board-on-Board privacy fence with steel posts (2017), a beautiful mature tree line for shade, recent turf installation, wired for speakers and great privacy.

A winding staircase with iron spindles leads upstairs to a huge game room for play with a card area, a granite wet bar with cabinets, sink & room for a fridge and for the big game and movies…an expansive media room with stadium-style seating, custom built-in shelving and crown molding, upgraded lighting and wood columns, surround sound and a “Da-Lite” screen and Sony Projector. All the 3 bedrooms up are a generous size, all have walk-in closets with two of the bedrooms sharing a Jack & Jill bath and one of these bedrooms has custom built-ins with crown moldings flanking the window.  The 3rd trendy bedroom up makes the perfect guest suite as it is served by a private full bath. There is also an additional & convenient bedroom down served by an upgraded and elegant full bath with a travertine furniture style vanity, upgraded fixtures and knotty alder cabinetry. Other wonderful features and upgrades of this home include….a 3-car garage, a custom built “cubbie style” storage area, a spacious utility area with cabinetry, sink and windows, designer tones throughout (2016), 5-ton HVAC system & heat pump (2017), farm-style doors throughout, Phantom Screen for the back patio door & more! Stonelake Estates enjoys impeccable Frisco schools with Ashley Elementary in the neighborhood, Nelson Middle School & Independence High and is just minutes from all the best Frisco has to offer. The community has parks, a greenbelt and the community pool is just down this cul-de-sac street. 
Quality & meticulous care abound in this home and it is move-in ready!

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 

%d bloggers like this: