buying a home: 5 Myths And Truths Of Buying A Home
- 02/17/18 07:57 AM
The is a lot of misinformation with the general public about the Home Buying Process especially with First Time Home Buyers. In this article I'll try to debunk some of the myths of buying a home in Fort Worth and surrounding areas.
Myth #1:
I just want to look at homes and when I find one I want to by, then I'll get my financing set up because if I do it before hand when the lender pulls my credit it makes my score go down.
Truth:
Getting Pre-Approved or Pre-Qualified for a loan is the first thing you should do when thinking about buying a … (2 comments)
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buying a home: So Your Offer On A Home Was Accepted. Now What?
- 05/24/17 12:03 PM
Ok, You have been looking at homes and maybe written several offers that weren't accepted but now your offer is accepted. So now what? You ask yourself. How much money do I need before going to close? What is the timeline? What are the next steps? Do we just hang out and coast along until closing?
Well here are the answers to those questions and more!
Lets start with the acceptance of the offer.
Remember it's not a contract until all parties have signed every document. Then on that day the "Effective Date" or "Execution Date" is put on the contract and … (2 comments)
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buying a home: 25 Essential Rules for Buying & Selling Real Estate
- 12/03/15 02:40 AM
Reata Realty owner & broker Donnie Keller has written a book Moving Forward: 25 Essential Rules for Buying and Selling Real Estate Without Going Crazy. In the coming weeks we are going to work through the book & talk about each rule a little more! Today I want to talk about the book as a whole & give you an overview of what the book & future blog post will be about.
Let's talk about your home. It is likely your biggest investment to date. Not just physically but, emotionally as well. Not only have you cared for it over the years by adding … (1 comments)
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buying a home: 5 Best Strategies To Buy A Home In Fort Worth
- 06/22/15 11:34 PM
The 5 Best Strategies For Buying A Home In Fort Worth.
I know first hand how frustrating it is to be a home buyer right now. You look and find a great home, write an offer then you find out there are multiple offers. You've offered full price or maybe you've offered slightly less because you want to get a "good deal". The seller must have priced the home over what they really are willing to accept. Right? Wrong!
Well, let me share with the you, strategies that will work in the "Sellers Market" we are in today. What's a "Sellers Market"? It's … (1 comments)
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buying a home: Top 5 Reasons To Buy A Home Now
- 06/03/15 06:18 AM
We have customers visiting our website and while speaking with them they will be hesitant about buying home in the near future. For one reason or another they are just testing the waters and we understand that. This article hopefully, will help uncover 5 reasons why it's a wise decision to buy now.
1) Market Direction and Momentum:
No one would argue that the direction of the market is moving upward. For desirable neighborhoods in desirable school districts it's the norm for homes to be appreciating at 1% per month. Think about it. On a $200,000 home that's $2000 per month increase in … (2 comments)
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buying a home: 5 FAQ's About "The Texas Buyers Rep Agreement"
- 03/20/15 03:01 AM
There seems to be some wide confusion from home buyers about the Buyers Rep Agreement or the "BRA". So in this article I'll give you some helpful facts and information about this agreement and why as a home buyer, this agreement is in your best interest.
First what does this agreement obligate the buyer to do? By signing this agreement you have hired a real estate professional to represent you in finding a home, negotiating a great price and terms for you and following through all the steps from contract to close of the transaction. All the time with your … (0 comments)
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buying a home: 10 STEPS TO BUYING A HOME IN FORT WORTH TX
- 01/07/15 08:03 PM
10 STEPS TO BUYING A HOME IN FORT WORTH TX
The home buying process can be, at times, over whelming even for folks who have purchased a home before. There have a been a lot of changes to the process in the past few years. So here is a guide to the most important 10 steps to selecting the right home for you and your family.
1. Do you have enough money?
The first and most important step, if you need a mortgage, is to interview a mortgage company or bank for a loan. Interview more than one and … (2 comments)
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buying a home: Get PreApproved For A Home Loan
- 02/07/14 07:47 PM
PreApproved For A Home Loan
This is the first step in buying a home. In today's real estate market most sellers will not consider an offer unless it is accompanied by a preapproval from a reputable mortgage company or bank. Also, as a home buyer you will not be frustrated by looking at home homes over what you can afford. This is heart breaking to find the perfect home only to find out it's more than you can get approved for. A great Realtor will always asked if you are preapproved and will help you connect with a good mortgage company … (0 comments)
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buying a home: Who Gets The Earnest Money Back? Part One
- 12/06/13 08:52 PM
Disputes over earnest money are a reality of real estate transactions and can be very emotional for either side of the transaction. The release of earnest money is governed by the TREC form 1-4 contract and it's amendments.
1) Buyers Failure To Obtain Financing
The most common dispute are home buyers failure to obtain financing. The TREC contract paragraph 4-A , if checked makes the contract contingent upon financing. The Third Party Financing Condition Addendum contains a blank in the first paragraph that sets a number of days the buyer has to obtain financing. During this period if buyer is unable … (19 comments)
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buying a home: Who Gets The Earnest Money Back? Part Two
- 12/06/13 08:47 PM
This is Part Two of "Who Gets The Earnest Money Back".
3) WHAT HAPPENS AFTER A DEMAND IS MADE?
The title company will follow up with a notice of its own that written demand has been made and enclose a release form for signature. The release must be signed by all parties and their brokers. Although fifteen days are permitted in order to make written objection, paragraph 18.D imposes liquidated damages of three times the amount of the earnest money if a party “wrongfully” refuses to sign a release within seven days. Attorney’s fees and costs could be added to this … (0 comments)
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buying a home: Should You Buy A Home That Used To Be A Rental?
- 10/17/13 07:03 AM
The uncertainty of the housing market over the past decade or so has resulted in unintended rental homes for many. Homeowners who weren't able to sell their homes but needed to move ended up having to rent out the space and became accidental landlords in a way. Now, with the market back on the rise, these accidental landlords are looking to sell their homes and get out of the rental business. Oftentimes, buying a home that was previously rented out is not any different than buying a new home or a previously owned home, but it’s important to be proactive … (1 comments)
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buying a home: 5 Must Have Apps For Home Buyers
- 08/09/13 02:26 AM
Buying a new home can be a very daunting process. Some people get caught up in the stress and anxiety, and forget that it is supposed to be a very exciting life event. There are several ways to ease your stress levels throughout the entire process, and “there’s an app for that” has never been more true of a statement. Here are five of the best phone apps for people who are buying a new home.
Mortgage and Home Loan Calculator - This is the most up to date app that will help you make well-informed financial decisions when you’re purchasing … (0 comments)
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buying a home: Checklist For Homebuyers
- 06/14/13 12:00 AM
Whether you’re buying your first, second, or fifth home, it’s important to be familiar with the home buying process to eliminate any unpleasant surprises. From Zillow and US News, here is a checklist for homebuyers.
Make sure that you truly understand the process of buying a home. Your local real estate agent should be able to help you understand what it means to make an offer, what contingencies are, what an appraisal is, what to do about financing and home mortgages, and more.
Make sure that a home purchase makes sense financially. You should have enough money saved up for a … (1 comments)
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buying a home: Buying A Home: First Things First
- 04/29/13 08:32 PM
Buying A Home: First Things First
Buying a home is a huge decision, not just financially, but emotionally. It is a decision that will affect everyone in your family lives and will need some preparation to ease the adjustment. When buying a home, consider these points and make the process as painless as possible.
Discuss the positive points with everyone involved.
The topic of buying a home will bleed into a lot of other subjects. These topics range from the financial implications, to simple things such as who among the children gets their own room or who will need to … (0 comments)
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buying a home: Is it Better to Rent or Buy This Year?
- 01/09/13 05:04 AM
One of the biggest financial decisions you’ll ever make centers around purchasing a home. But there are a lot of things to take into consideration before you can make the decision on whether it is better to rent or buy in 2013.
In some local markets, home prices are so low it makes more sense to buy than rent. But it really comes down to your personal and financial situation. In 2013 we are going to continue to see changes in the local housing markets. Most stats and economists are pointing towards a healthier housing market this year. Meaning the supply and demand … (0 comments)
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buying a home: Should I Have A Home Inspection?
- 08/12/12 01:58 AM
Should I Have A Home Inspection? Yes, Of course you should. You should have an inspection on any home you are considering to purchase even new construction. This is a check up on the home with trained eyes that has your best interest in mind.
In Texas we have an "Option Period" which is usually for 7 to 10 days after the execution of the contract. You pay for the option right to terminate the contract for any reason during this period with non refundable funds to the seller. During the period is where you have all of your inspections done. … (0 comments)
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buying a home: So you're Ready to Buy A Home?
- 01/02/12 08:16 AM
So You're Ready To Buy A Home?
You may be excited about the prospect of buying your own home in Fort Worth. Owning a home means freedom, prosperity and enough room to house your growing family. However, before you can successfully buy a home, you need to get your finances in order and secure financing. Prepare yourself in advance for purchasing your home by checking your credit and setting a budget. In today's housing market financing is the linchpin of realizing your dream of home ownership.
The first thing you should do if you want to purchase a home is order … (1 comments)
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buying a home: Why A Pre-Approval Letter Is Your First Step To Buy A Home
- 01/02/12 08:10 AM
Why You Need A Pre-Approval Letter To Purchase Your First Home
Buying a house is a major milestone in a person's life. Many people view home ownership as proof of financial and relationship success. To ensure that you get the best deal and are able to afford a home sooner, you should get financing in place before beginning your search for your first house. Get a pre-approval letter from a lender to make it easier to purchase your home.
Getting a pre-approval letter from a lender makes it easier to get financing when you are ready to purchase a home. A … (2 comments)
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buying a home: New Fannie Mae Lending Guidelines
- 11/26/10 08:05 AM
Brand new Lending Regulations Help Young Borrowers Under Fannie Mae's brand new lender guidelines, which will certainly take effect Dec. 13, acquiring a new home loan will turn out to be easier regarding some consumers and more challenging for others. As a Real Estate Broker in Fort Worth, Texas I see this as positive for our local market.
All these new regulations will allow consumers to use gifts as well as grants coming from nonprofit organizations regarding their own minimal 5% downpayment. Freddie Mac is additionally considering similar brand new guidelines. Individuals previously have been required to contribute a minimum of … (3 comments)
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buying a home: Explaining the Benefits of Buyers Agency When Buying Property in Texas
- 05/31/10 11:26 AM
Explaining the Benefits of buyers Agency When Buying Property in Texas This video explains the benefits of having a Realtor represent the buyer in a real estate transaction. It also explains when a customer becomes a client and why that's important.
Please call me at 817-932-4900 with any questions you may have about the buying process.
Happy Trails, DK
… (0 comments)
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The is a lot of misinformation with the general public about the Home Buying Process especially with First Time Home Buyers. In this article I'll try to debunk some of the myths of buying a home in Fort Worth and surrounding areas.
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