Real Estate Advisors Magazine . 855-482-9990 . www.realestateadvisorsmagazine.com 1
2 Real Estate Advisors Magazine . 855-482-9990 . www.realestateadvisorsmagazine.com
APRIL C entury 21 Shirley Ho o k s
TOP PRODUCERS LISA
B UR WELL
TOP AGEN T
I have watched my Hometown of Granbury grow into a wonderful city to raise a family and a fun and fantastic retirement location. I have always had a passion for buying, renovating, and selling homes. When I started my career in Real Estate I discovered that I could extend my knowledge and experience to my clients and get to do what I enjoy the most, helping others find a home. I can truly say that I Love Granbury! Proud to be a part of CENTURY 21 Shirley Hooks, Inc. I’m confident that I can help you sell your home or buy the home of your dreams. Call (817) 578-5761 to let me know how I can best serve you.
P OTT ER REALTOR
TOP AGEN T
Ravonda and her husband, Roger, traveled in 49 states and numerous countries before deciding to call Granbury, “home”. They love the beauty and charm of the area and are excited about working in the heart of Texas. Active members of the First United Methodist Church of Granbury, The United Methodist Motorcyclist Enthusiasts, and the Granbury Chamber of Commerce. Ravonda takes great pride in her work ethics and is dedicated to working with all clients to meet their needs, whether buying or selling real estate. - See more at: http:// www.century21shooks.com/agents/item/27-ravonda-potter#sthash.JJTFPZ3J.dpuf
G ARY & B E C K Y
WH EATL EY
TOP AGEN TS
Specializing in Hood county and the surrounding North Central Texas area, Gary & Becky are a hard-working husband-and-wife team dedicated to helping you achieve your real estate goals. Whether it’s selling your existing home, relocating, purchasing your first home, or finding that special place to settle in for retirement, the Wheatley Team is here to serve you. Gary & Becky have been real estate professionals with Century 21 Shirley Hooks, LLC since 2009. They have been Top Producing Team since 2010, selling over $14 million in homes.
TOP A GEN T
TABLE OF CONTENTS Local Real Estate Market . . . . . . . . 4 Dream Deal Listings . . . . . . . . . 5, 22 Millennials Marketing Plan . . . . . . . 6 Home Listings . . . . . . . . . . . 10-15, 20 The Mortgage Minute . . . . . . . . . . . 7 Selecting a Top Producer . . . . . . . . 8 Lots & Land . . . . . . . . . . . . . . . . . . 9 Hot Commercial Deals . . . . . . . . . 16 Title Tidbits . . . . . . . . . . . . . . . . . . 17 Property Management Q&A . . . . . . 18 Avoid the Burn! . . . . . . . . . . . . . . . 21 Contact an Agent . . . . . . . . . . . . . 23 Editor / Publisher Tammye Rushing 817-573-8801 office 122 North Crockett Granbury, TX 76048 ADVERTISING Jim Galley 817-559-1511 Real Estate Advisors is a monthly publication with news and advertising designed exclusively for the Real Estate reader. No reproduction or transmission in any form of this publication is allowed without publisher consent. The Real Estate Advisors is a publication of Century 21 Shirley Hooks, INC. All rights reserved. © 2014 Century 21 Shirley Hooks, INC.
Being a realtor since 1978, I moved here 10 years ago and I fell in love with the Granbury area. Let me help with you in selling, buying or your relocation needs. Raised on ranches I have specialized in ranch and land properties, however I can help you with all your real estate needs. Let me work for you.
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A VIEW OF TH E
L OC A L REAL ES TATE MA RK ET
A l l i ndi c ators are s t rong i n re al e state ! Regardl es s of t he c ount y, real e state is very s t rong.
HOOD COUNTY Days on market continues to decrease. This month days on market decreased by 18.3% to just 118 days. This number will continue to decrease over the summer months because the supply of inventory to sell has dramatically declined by 19.9% to just 8.6 months! This means that there are more buyers in the market than there are listings to purchase! A further indicator of market strength is the percent of original listing price to sold contract price. The percentage is up slightly by 1.8% with sellers receiving 92.8% of asking price. This statistic is further evidence that hiring the right real estate professional and the right company can put more money in the sellerâ€™s pocket or take money away. Pricing a home accurately with the best return in mind for the seller is an art and not all real estate professionals have that skill set. If you have thought about listing your home, moving up, or downsizing, this is a great time to do it in Hood County.
JOHNSON COUNTY The average list price continues to soar in Johnson County. This is a strong indicator of a strong market that is capable of bringing the most return for sellers. The average list price has risen 10.2% over last year - coming in at $185,263. Whatâ€™s great about Johnson County is that sellers are now receiving 94.1% of their list price on closed contracts! This continues to be a strong indicator of this market. If you want to buy in Johnson County, you need to find what you want and make an offer. The supply inventory is dramatically down - by 21.1% to just 5.2 months!
SOMERVELL COUNTY Somerville County continues to celebrate a significant increase in the average list price, up from last year over 7.2% at $303,232. Sellers in this county receive 92.8% of their listed price! Days on market continues to steadily decrease by 6.6% or 156 days. Somervell is certainly a strong market.
ERATH COUNTY Erath County continues to enjoy an increase in the median sales price of homes by 7.9% to $134,900. This is just $100 shy of a $10,000 increase! Closed sales continue to support a very strong market outlook for this county. Closed sales are up by 17.3% over last year!
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See page 2 for certificati on details
B E A U T I F U L LY L A N D S C A P E D
C O N V E N I E N T L O C AT I O N
#129 2/2/4 Awesome doesnâ€™t start to describe this wonderful property. Custom built with every amenity including 4+ acres of beautifully landscaped land. $264,000
#120 3/2/0 Perfect location across from elementary and middle schools, walking distance to downtown and in Tolar School District. Has it all and really cute! $120,000
W O N D E R F U L D E TA I L S
L U X URI O U S R E T R E A T
#118 3/2.5/4 Meticulous detail offered in this custom Ann Whitecotton home. Warm and cozy feel within personal gated front entrance. Fabulous kitchen serves as center piece for home. $449,000
#212 4/3/2 On 18 Acres Luxurious Master Retreat & Expansive Covered Porches. The 1-1 Guest House Has A Screened Porch, Saltillo Tile & SS Appliances. Great For Horses. $575,000
CLOSE WALK TO TOWN
U P DAT E D
#215 3/2/2 One of a kind Craftsman style waterfront home in old town. Walking distance to the square, city beach, and all that gorgeous Granbury has to offer. $389,000
#503 5/3/0 Burleson Great home for entertaining with a game room & bar. Updates include wood floors, granite counters, newer windows, siding, and metal shake roof, $482.500
Real Estate Advisors Magazine . 855-482-9990 . www.realestateadvisorsmagazine.com 5
A Millennials Marketing Plan :
A C r i t i cal Must Have for Sellers by Tammye Rushing, Managing Partner AGE OF HOME BUYERS (Percentage Distribution)
Year Born: Age in 2013:
Percent in category
median age in group
Millennials / Gen Y / Gen Next:
1980 - 1995
33 & younger
1965 - 1979
34 to 48
1955 - 1964
49 to 58
1946 - 1954
59 to 67
1925 - 1945
68 to 88
Born in the mid-1980, Gen Y consumers are in their 30’s. With
communicate through e-mail and text messaging rather than face-to-
over 70 million, Generation Y (aka Millennial) is the fastest growing
face contact. Gen Y values his/her time and simply will not waste time
consumer segment. The successful sale of a home means: (1) The
working with real estate professionals that don’t communicate in a
home listed at the maximum price for maximum return, (2) The home
“sub second” response mode (email, text, and web).
sold in the fastest time possible, (3) The real estate professional took
the “bulls by the horns” and managed the list to sold process excep-
buyer, find real estate professionals that possess these characteristics;
tionally well. So, by this definition of “successful sale”, a seller, or
Simple: You find your closest nationally recognized real estate compa-
buyer for that matter, must hire a real estate professional that knows
ny and you ask for a real estate professional that uses the following in
EXACTLY how to market their home to the largest buying pool, the
his/her marketing campaigns:
Gen Y population.
1) Dedicated Home Domains
2) Text Writers
Here is why:
3) Mobile application w/ GPS coordinate features
• Gen Y comprises the largest share of home buyers at 31%.*
4) You Tube Tour of your home videos:
• Gen Y has the largest share of first-time buyers at 76%.
• Gen Y is likely to be online from start to the finish of their
Find a real estate professional that will call when required, but
So . . . This is great data but how do you, the possible seller or
more so one that is extremely comfortable texting updates and
pictures, digitally signing and executing documents, and certainly one
• 26% of Gen Y found the home they ultimately purchased via a
that can conduct business in the nearest local coffee shop. For the Millennials, the value is “NOW”. . . to reach this consumer, a
Gen Y consumers are tech-savvy. Armed with BlackBerrys,
marketing plan must exist. It’s simply not an option. Stay tuned for
laptops, cellphones and other gadgets, Gen Y is plugged-in 24 hours a
the next edition of this story, Reaching the “Lost Generation” when
day, 7 days a week. Property marketing must shadow this “plugged in”
marketing a home for sale.
mentality. Real estate professionals should be backed by a nationally
Footnote: National Association of Realtors March 2014.
known company that provides marketing programs on all internet based platforms and all mobile technologies. Gen Y buyers must be able to find the listed homes in smarter, faster, and bolder ways. It is not only critical to market the home successfully, once a potential buyer is “on the hook”, it is critical that your real estate professional 6 Real Estate Advisors Magazine . 855-482-9990 . www.realestateadvisorsmagazine.com
Tammye Rushing Managing Partner Century 21 Shirley Hooks firstname.lastname@example.org 817-573-8801
pa i d a dverti s m en t
THE Mortgage Minute Which Loan Program Best Fits You Choosing the right loan program is just as important financially as choosing the right house. Many factors come in to play when choosing the right loan for you: Credit history, down payments, gift monies being used, debt-to-income, and total household income are just some of the determining factors used in deciding which loan is right. Let’s review the type of loans: Conventional Conventional loans are any loan not guaranteed by the government. · Down payments as low as 5% of the sales price · Monthly mortgage insurance required with less than 20% down · Escrow waiver available FHA The purpose of Federal Housing Association(FHA) is to provide affordable housing opportunities with low down payments and flexible credit requirements. · The maximum loan limit is $287,500 for 1 unit properties in the area · Down payment as low as 3.5% and seller can pay most closing costs · Mortgage insurance will be required on all FHA loans · Flexible lending guidelines · Can provide up to $35K for repairs (203k) VA A Veterans Administration(VA) guaranteed home loan is the preferred loan program for active, non-active, Reserve, National Guard, and retired military of the armed forces. · 100% financing is available for these loans · No monthly private mortgage insurance is required · Limitation on buyer’s closing costs. Seller can pay up to 4% of Veteran’s closing costs. · Flexible lending guidelines USDA The Rural Housing program, also known as USDA, is for home buyers buying in rural areas. · Designed for low to moderate income · No down payment is required · Low monthly private mortgage insurance · Flexible lending guidelines If you would like more information about which loan program best fits your needs, fill out a loan application on my website at www.loansbygrant.com or contact me directly at 817-368-3052.
Grant D Griggs Texas Licensed Residential Mortgage Loan Originator NMLS #843835 Gateway Mortgage Group, LLC 669 Airport Freeway, Ste. 306 • Hurst, TX 76053 817.368.3052 mobile 817.484.6635 office • 1.855.854.7461 fax Grant.Griggs@gatewayloan.com
Real Estate Advisors Magazine . 855-482-9990 . www.realestateadvisorsmagazine.com 7
YO U KNOW YOU AR E W O RKING WITH A
T O P PR ODUC ER
W HE N . . .
. . . the friends of the real estate professional were once their clients. Imagine this: You are driving down the highway and you see a billboard with “Top Producing Agent and his/her picture”. What does “Top Producer” mean? Is there a criterion that governs the use of this description? Aren’t 50% of all statistics based on the “spin” anyway? When speaking of top producing real estate professionals, there is one and only one true measuring method: Referral rate with past clients. If a past client goes out of their way to refer a real estate professional over and over again, he or she is a top producer. So, what characteristics must the agent possess to be a top producer?
• Exceptional service. • Proven results. • Consistent. • Balance any number of clients at the same time. • Immediate response to questions. • Tailor services to meet client’s needs. • Time management is superb and always available. • Exceptional communication. • Business built on referrals and repeat business from satisfied clients. • Take charge listing strategy. • Exceptional buyer strategy that ensures needs are met with much more than a chauffeur service from house to house. • Coordination of all steps and activities along the way, whether buying or selling. • Have an instant and credible referral base of contractors, builders, and partners that are needed in the buying and selling process.
The expectations and needs of today’s buyers and sellers are immediate. A successful professional will have a proven method for minimizing conflicts with clients and other agents. These agents have developed trust from doing more than just getting the listing, putting a sign in the yard, and hoping for the home to sell. They start at the listing process by helping the client understand the market. They evaluate the home and suggest ways to improve the marketability. For their buyers, they not only show homes that are on the market, but have a vast knowledge of homes that may soon be coming on the market. They understand the building process and are familiar with builders who can build that dream home.
STEVE FORTNER REALTOR® email@example.com 817-579-1710 8 Real Estate Advisors Magazine . 855-482-9990 . www.realestateadvisorsmagazine.com
L OTS & LAN D
MLS# 11855041 Comanche. The views on this property are of open waters on Lake Comanche. There is a large cove that would be suitable for a dock. $65,000
MLS# 11988251 Bluff Dale. This is a great building lot with over 2 acres in a restricted community. Subdivision offers 2 lakes, pool, clubhouse, RV parking and campsite. $15,000
MLS# 11854902 Comanche. Awesome place for building. Front was costal and back of property is native land. $37,000
MLS# 11858541 Bluff Dale. Build your dream home or your weekender on this beautiful 3+ acre lot. $14,900
MLS# 11802290 Bluff Dale. Two great lots on one of the private lakes in Mountain Lakes subdivision. 2 Lots but only 1 HOA Dues! You have to see this waterfront lot! $99,900 MLS# 11967209 Bluff Dale. Over five acres of beautiful residential acreage for your dream home. Great views and native hardwoods. $29,999 MLS# 12018151 Bluff Dale. Beautiful gently sloping lot, level building site about halfway up, nice homes on either side already built, a great location in this subdivision. $27,500
MLS# 11961883 Granbury. Level lot in Indian Harbor, ready for your site built home. Community has club house, pool,marina, boat dock, parks and more $7,500
MLS# 12013841 Granbury. Level building lot across from Indian Harbor club house and community pool. $15,000 MLS# 12036967 Granbury. Two level lots. Blocks from the marina and teen center. Great gated community with lots of perks. $17,000 MLS# 12054572 Granbury. Beautiful residential lot with nice mature trees on a cul-de-sac. Amenities include
golf course, tennis courts, gated entry with guards. $17,500 MLS# 12049771 Tolar. Great location, right by schools! Large green grass lot for the price! Excellent small school district. $22,500 MLS# 11954884 Granbury. 50x50 camper lot with 40x17 metal RV cover, 10x20 patio cover, 10x16 wood shed. $25,000
MLS# 12103316 Granbury. 5 lots being sold together at the front of Lake Granbury Harbor, lots are considered part of the subdivision, but face and are accessed on Tin Top Hwy $10,000 MLS# 11817582 Granbury. Pie shaped lot on Seminole Trail. Great building site with panoramic view of downtown Granbury. $12,990
The Century 21 Shirley Hooks Staff ready to serve all your Real Estate needs!
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LUX U RY
F O UR B E DR O O M
G O L F C O UR S E
CT IN NTRA
AY 7 D
#135 Beautiful four-bedroom home on Ft. Worth side. On 1.25 acres with circle driveway and porte-cochere. $229,500
#106 3/2/2 Beautiful golf course home with many upgrades. Priced way below replacement cost. Granite, stainless, custom cabinets. Motorized screens on tiled patio with cooking center. $334,900
2 LIVING AREAS
WAT E R F R O N T
#112 4/2.5/3 Beautiful home in up-scale gated Timber Cove. Interior features large open kitchen with breakfast bar, cozy fireplace, study or 4th bedroom, and second large living area. $229,000
#240 3/2/2 The kitchen is a chefs delight with hard surface countertops & an island. The back porch is a perfect place to relax and enjoy the serenity of waterfront living. $329,000
LOTS OF ROOM
B E A U T I F U L G O L F C O UR S E V I E W
#313 3/4.5/2 Large rooms, built-ins galore, an indoor heated pool, his and her bathrooms with a jetted tub and steam shower, & an elevator to the second floor. $544,000
#421 3/3.5/3 Beautiful home on the 17th Fairway. Spectacular views overlooking the golf course and pond. Large master bedroom with his and her bath. Oversized three car garage. $379,000
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R ES IDEN TIAL
C O M F O RTA B L E
H A RD W O O D F L O O R S
AY D 0 3
#002 Hardwood floors, nice new light fixtures, wonderful formal dining room, large covered back patio, and a nice heated stove in the living room. $129,900
#109 3/2/0 Charming home has hardwood floors, updated kitchen & bath. Gorgeous back yard on a large lot. $159,999. Also for rent. $1500/month includes Dog and Pool Service.
G O L F C O UR S E
G O R G E O U S PAT I O
#409 3/2.5/2 Afternoon shade at back of house to enjoy overlooking #3 green of golf course Study overlooking golf course with built in desk exercise room with shower, room for golf cart in garage. $249,900
#121 3/2/2 The kitchen has a bar area, the attached dining area has a nook for your desk area with countertop! The patio starting from the back door to the middle of the yard is gorgeous! $120,500
T O T A L LY R E M O D E L E D
G R E AT M A S T E R B AT H !
#222 3/2/0 Totally remodeled lake home with all new appliances and all the works! Has a 10x18 storage building and a 21x18 carport. There is a nice covered patio right on the water. $139,900
#126 3/2/2 Master Bath With Garden Tub and Walk In Shower. Nice Storage in Hall. Large Utility Room. Fenced Yard with Open Patio and Storage Building. $139,000
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R ES IDEN TIAL
U P DAT E D K I T C H E N
MI N U T E S F R O M G R A N B UR Y
AY D 30 D LISTE
#003 Fabulous home in well established neighborhood. Kitchen has been updated and open to large dining area. Split bedrooms with large walk in closets. $123,000
#504 3/1.5/2 Almost 2 acres on Lipan Hwy just minutes from Granbury. Land is not zoned. Perfect for a home business. $145,000
B E A U T I F U L B A C K Y A RD
#162 3/2.5/2 Beautiful backyard with live oak trees, covered patio, and pool. Great for entertaining. Storage shed. Garage has finished plywood walls with workbench. $205,000
#203 3/2/2 Features new carpet, paint. New roof on home, shed, and the boat dock which has been repaired. Fabulous screened porch that overlooks shaded landscaped backyard. $149,900
F O UR B E DR O O M S
#214 3/2/2 Canal property with nice boat dock. Fresh paint inside and out, newer roof and updates to the kitchen. Large screened porch with view of the canal. $140,000
#122 4/1.5/1 Located Just Minutes From The Historical Downtown, Hospitals and Restaurants. Nice kitchen with a breakfast bar. $109,9000
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R ES IDEN TIAL
OPEN FLOOR PLAN
#104 4/2.5/3 Beautiful home in one of Granburys BEST Lake Front gated communities. Open floor plan features a spacious family room & island kitchen with granite & breakfast bar. $299,000
#131 3/3/2 Wow factor! Spacious, lock and leave lifestyle in this fabulous Garden Home. Designer finishes and amenities. Chefs kitchen open to the living and entertaining area. $279,000
ON 5 ACRES
#137 3/2/2 Great ranch style country home on nearly 5 acres of land! Decorative lighting, lots of crown molding all over, stained concrete floors, & granite countertops. $264,900
#217 3/2.5/2 Lake front property. Great vacation home or permanent residence. Located in established neighborhood with shopping, dinning and entertainment close by. $249,000
W O N D E R F U L D E TA I L S
A L L N E W PA I N T
#110 3/2/2 Crown molding throughout, knotty alder stained cabinets, covered porches, tiled flooring , carpet in all bedrooms, decorative lighting fixtures & ceiling fans. $149,900
#178 3/2/2 Great home on Ft. Worth side. New interior and exterior paint, new carpet, and the roof will be replaced before closing. $109,000
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FARM & RAN C H
CLOSE TO TOWN
#710 40 Acres Between Granbury, Stephenville, & Glen Rose. Level open field with 5+ or - acres wooded mixture of hardwoods and cedar at front of property, perfect for your dream home. $391,800
#515 3/2/3 On 160 Acres One of few large acreage properties in the area close to town. Great property and location with many possibilities. OWNER WILL DIVIDE!Â $1,986,720
LEVEL TO ROLLING ACRES
C U S T O M B UI L T H O M E
#818 15+ Acres Mostly level to rolling with entrance off Hwy 4 just pass the Veterinarians office. There is also access off Thorp Springs Road at the intersection of Thorp Springs and FM 4. $210,000
#520 3/2.5/0 One owner custom built Stone home on 30 acres. Ag exempt. Features include fully covered porches, oversize carport with storage, & gourmet kitchen with huge island. $579,000
G A T E D C O MMU N I T Y
#708 20 Acres Located in a gated community, this twenty acres is heavily treed and populated with turkeys and other wildlife. Beautiful views abound from this wonderful property. $190,000
#004 Wonderful horse property, fenced & cross fenced. New Sheffield No Climb horse fencing. New Low E windows, new wood & tile floors. $195,000
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AF F O RDABLE
C U T E C OT TAG E
#123 2/2/1 Nice wooden floors, great covered front porch. Would make for a perfect starter home or lease property. $52,500
#140 2/2/1 Very cute two bedroom cottage, with a large back yard, lots of potential and within walking distance of the square. $99,000
S H A D E D G E T A W AY
LARGE LIVING AREA
#611 3/1/0 Great getaway nestled in the trees. This is a super nice weekender. Nice flooring throughout with large kitchen that comes with appliances. $78,500
#142 2/1/1 Perfect home to downsize into. Large living area. Nice dining and kitchen area that comes with some appliances. Utility room with storage. $69,900
T O T A L LY R E M O D E L E D
IMM A C U L A T E
AY 7 D
#127 3/3/2 Huge totally remodeled home for the money! On 3 lots, 2 car garage, 12x16 storage bldg, wkshop,nice long covered front porch. New AC. $89,900
CT IN NTRA
#005 Adorable, beautifully landscaped, home on cul-de-sac in well established neighborhood. This immaculate one owner home has been well maintained.
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H OT COMM ER C IAL
R E A L E S TATE DEALS: PA RT 1 by Don Eichler
Ask any experienced real estate professional about the benefits of investing in commercial property and you’ll likely trigger a monologue on how such properties are a better deal than residential real estate. Commercial property owners love the additional cash flow, the beneficial economies of scale, the relatively open playing field, the abundant market for good, affordable property managers and the bigger payoff from commercial real estate. But how do you evaluate the best properties? What separates the great deals from the duds? This month, let’s look at 3 must haves if you are considering entering the commercial real estate market.
1. Get the inside track!
property. The math is simple: you’ll earn more income on multifamily
To be a player in commercial real estate, learn to think like a profes-
dwellings, for instance, than on a single-family home. Know also that
sional. For example, know that commercial property is valued differ-
commercial property leases are longer than on single-family resi-
ently than residential property. Income on commercial real estate is
dences. That paves the way for greater cash flow. Lastly, if you’re in
directly related to its usable square footage. That’s not the case with
a tighter credit environment, make sure to come knocking with cash
individual homes. You’ll also see a bigger cash flow with commercial
in hand. Commercial property lenders like to see at least 30% down before they’ll give a loan the green light. 2. Set boundaries Setting parameters is a top priority in a commercial real estate deal. How much can you afford to pay? How much do you expect to make on the deal? Who are the key players? How many tenants are already on board and paying rent? How much rental space do you need to fill? 3. Learn to recognize a great deal The top real estate pros know a good deal when they see one. What’s their secret? First, they have an exit strategy – the best deals are the ones where you know you can walk away from. It helps to have a sharp, landowner’s eye – always be looking for damage that requires repairs, know how to assess risk and make sure to break out the calculator to ensure that the property meets your financial goals. Tune in next month for our discussion of the critical metrics you must measure and manage to make a commercial real estate investment a win.
DON EICHLER REALTOR® firstname.lastname@example.org 817-219-3695 16 Real Estate Advisors Magazine . 855-482-9990 . www.realestateadvisorsmagazine.com
pa i d a dverti s m en t
TITLE TIDBITS Without title insurance, you could lose your home
If you have recently purchased or refinanced a home, chances are
you had to get title insurance. Why? Title insurance protects you against problems affecting the title to your home. There are two types of title insurance—a Loan Policy and an Owner’s Policy. A Loan Policy protects the lender for the amount of the loan, while the Owner’s Policy protects you, the homeowner, for your investment in the property—your equity. In both cases, the title process covers an exhaustive search of public records to make certain the title to the subject property is clear, and covers against future loss if a claim against the property is made.
While discovering an issue with your title can seem rather remote,
one out of every four title searches reveals a problem with the title. Examples include tax liens, forged signatures in the chain of title, recording errors, title search errors, undisclosed easements and title claims by missing heirs and/or ex-spouses.
Even after an exhaustive title search is performed and a title policy
issued, sometimes a problem may surface that can threaten your home. If you only have a lender’s policy, where the outstanding loan is covered, your equity is not protected. A separate Owner’s Policy would protect you—for as long as you or your heirs have an interest in the property.
With the recent refinance boom that has occurred over the last sev-
eral years, some homeowners have questioned whether or not they need a new title policy when they refinance. The answer is, you won’t need a new Owner’s Policy, but a lender will require a new Loan Policy because a title search must be performed covering the time since the last policy was issued.
Although somewhat remote, there is the chance that unforeseen
problems might exist such as a mechanic’s lien from a contractor who claims he/she has not been paid, or a judgment placed on your house for unpaid taxes. The lender will understandably want to make sure the title to the property they are financing is clear.
Understanding Title Insurance is key in
securing your rights to your home. Porter Title - 817-578-2000 or email@example.com
Real Estate Advisors Magazine . 855-482-9990 . www.realestateadvisorsmagazine.com 17
T he many reasons to inc o rpo rate a pro fessi o nal
property management division.
Texas Landlord/Tenant Law and Fair Housing has many chapters, amended constantly, and violations can be costly. Most individuals are far too busy with careers and life in general to stay current on state and federal housing laws. A Property Manager not only keeps the client’s investments returning dividends, but helps protect them from legal liability. Try this month’s Q & A.
Question: I have three applicants on my rental property. Can I pick
Let’s see how well you know Housing Regulations.
and choose who I want as a tenant?
Question: A tenant requested that he be allowed to have an
No, your applicants’ applications must be date and time stamped upon
assistance animal in the rental property as a reasonable
receipt. This ensures that the first applicant who meets the established
accommodation because he has a disability. The property owner
criteria is given the first opportunity to rent.
normally requires a pet deposit. Can the property owner require that the tenant pay a pet deposit as a condition for allowing the assistance
Today’s consumers are better educated and better connected than
animal in the rental property?
ever, and demands on our so called “free time” are greater than ever. Most investors did not sign up for the hours of posting ads, taking
No. A property owner cannot require a tenant to pay a pet deposit or
calls, showings, processing applications, scheduling repairs, evictions
any other additional deposit as a condition for allowing an assistance
(if necessary), and the continuing education to stay current on state
animal in a rental property. However, a tenant with an assistance
and federal laws. They are investing in their dreams. Here at
animal will still be considered legally responsible for any damage
Century 21 we cater to the dreamers. Our clients should feel complete
caused by that animal.
confidence that their assets bring in maximum income, with minimal liability, and without complications.
Question: Can I require a photo I.D. from a lease applicant? Yes, but only use an applicant’s photo I.D. for the purpose of conducting an actual verification of an applicant’s identity and/or check on criminal history, rental history, or credit history. Be uniform and consistent. If you decide to require photo ID from an applicant, you must require it for all applicants. Never use the photo I.D. to discriminate against the applicant who is a member of a protected class.
GINA MITCHELL REALTOR® Property Manager firstname.lastname@example.org 432-940-5993 18 Real Estate Advisors Magazine . 855-482-9990 . www.realestateadvisorsmagazine.com
Committed to Excellence. Exceeding Expectations. Working together with you and with each other, we want to help establish community roots that grow deep and wide. As lending professionals, we know the local housing market as well as we know how to get to the local market. In our profession, we want to help you with the big decisions about your future home; as your neighbors, we simply want to point you in the right direction. Call today to discuss your purchase or refinancing needs.
Shaundra Hardt Mortgage Banker
email@example.com www.primelending.com 524 Santa Fe Drive Weatherford, TX 76086 NMLS: 419421 All loans subject to credit approval. Rates and fees subject to change. Mortgage financing provided by PrimeLending, a PlainsCapital Company. Equal Housing Lender. ÂŠ 2014 PrimeLending, a PlainsCapital Company. PrimeLending, a PlainsCapital Company (NMLS: 13649) is a wholly owned subsidiary of a state-chartered bank and is an exempt lender in TX. V070213.
Real Estate Advisors Magazine . 855-482-9990 . www.realestateadvisorsmagazine.com 19
FO R LEAS E
PERFECT FOR HORSES
B E A U T I F U L G A RD E N S
#1510 Nice 2/2 home with 1/1 apartment. Inside completely remodeled. 5 acres & 3 Stables. Perfect for a renter with horses. Furnished $1200/month. Unfurnished $1100/month.
#1511 2/2/0 Cozy home. Beautiful gardens, 4 tiers of sitting areas for quiet time or bird watching. Large deck for enjoying water views. Large kitchen, lovely furnishings, very clean. Furnished $1295/month. Unfurnished $1050/month.
WAT E R F R O N T
ED S A E
#1507 Cute townhome within walking distance of the square. Quiet neighborhood, HOA maintains the yard. It has an awesome screened in porch overlooking the community pool & lake. $1100
#1502 3/3/0 Lovely home that is secluded in a 20 acre tract. Must see. Home overlooks Long creek with lots of trees and a fish stocked pond. $2800
#1505 4/3.5/2 There is a boat dock with lift, a hot tub and the yard is fenced. Game room upstairs with a half bath. $2400
#1504 Nice 2 bedroom 1.5 bath. Living and kitchen downstairs and bedrooms upstairs. Beautiful lake view from upstairs bedroom balcony and downstairs back patio. $900
20 Real Estate Advisors Magazine . 855-482-9990 . www.realestateadvisorsmagazine.com
Av o id the “burn ” of
i ne x per ience !
Are you looking to buy a distressed sale home, but aren’t sure about how? It is must to find a company that will help you navigate the process and help you be prepared to act! Once a property hits the market - it usually moves very quickly. There are different types of distressed sales and each will have a different purchase process. Select a real estate professional that is trained and certified to handle these properties. At Century 21 Shirley Hooks, we are certified and experienced in: • Freddie Mac • Fannie Mae • Housing and Urban Development (HUD) • Bank Owned Properties • Short Sales Bank-owned real estate generally refers to just that – bank owned properties that have been foreclosed. A short-sale property is one being sold buy the home owner, in conjunction with the lender or bank, for less than what is owed on the property. With each type of sale, a lending institution plays a role as the ‘seller’. Because of this, negotiations are often cut and dry, and it’s the banks way or the highway. This doesn’t have to be a bad thing – if you know what you are doing. Purchasing a bank owned property from any of the channels above, can offer homeowners great advantages. Distressed sale properties are not as abundant has they were just one year ago, and buyer competition has increased. To increase your chances of getting the home you want at a price you can afford, chose a brokerage with experince. Make sure to tune in to next months edition of Real Estate Advisors where we will discuss the exact steps to follow if you are serious about buying a foreclosed property.
AMY SAUNDERS REALTOR® firstname.lastname@example.org 817-919-2301 Real Estate Advisors Magazine . 855-482-9990 . www.realestateadvisorsmagazine.com 21
See page 2 for certificati on details
B E N T WAT E R
C O N V E N I E N T L O C AT I O N
#181 4/3/2 Bentwater development. The home boasts large kitchen-living-dining area. The master has fantastic bath-closet-sunroom. Pool-spa outdoor area with pergola compliment. $499,900
#610 3/2/0 An unbeatable Location in the Heart of Granbury Near Shopping, Dining & The City Beach. This little gem has been polished to perfection! $84,900
TOTA L R E M O D E L
N ACT I
S D AY
#138 3/2/2 You will never believe that this house was built in 1975. Gutted to the studs, everything is new and house is beautiful. Even the garage is finished out. $140,400
#104 3234 Crossbridge Circle. Home offers comfortable living with large fenced backyard, sprinkler system etc. $214,921
OPEN FLOOR PLAN
ONT ER C
! D AY
#001 Nice 3-2 Fleetwood home on 5.1 acres with above ground decked pool. $129,900
S D AY
#314 Custom, energy-efficient home in DeCordova Bend! Home was built by Ron Williams and has a great open floor plan and large covered patio. $227,500
22 Real Estate Advisors Magazine . 855-482-9990 . www.realestateadvisorsmagazine.com
O UR AGEN TS
Carole Alford email@example.com firstname.lastname@example.org 817-480-3989 254-459-9993
Ron Dacus email@example.com 817-991-8102
Tammy Dill firstname.lastname@example.org 817-578-6191
Carla Bandera email@example.com 817-776-1235
Judy Drager firstname.lastname@example.org 214-236-0590
Lisa Burwell email@example.com 817-578-5761
Rick Durmon firstname.lastname@example.org 817-219-2880
Dan Steven Fick Fortner stephanie@century21shooks. email@example.com firstname.lastname@example.org email@example.com com 254-977-6357 817-578-1915 817-845-2917 817-579-1710
Gina Mitchell firstname.lastname@example.org 432-940-5993
Amy Saunders email@example.com 817-919-2301
Linda Nelson lindan@century21shooks. com 661-333-0473
Koweba Sprinkle koweba@century21shooks. com 817-988-1353
Donna Hudson firstname.lastname@example.org 817-228-5756
Ravonda Potter ravonda@century21shooks. com 817-776-0745
Kara Towns kara@granburyhomesearch. com 817-915-2799
Patti Jarman email@example.com 817-559-1855
Gary Proctor firstname.lastname@example.org 817-894-0901
Carri Tuggle email@example.com 817-964-9645
Freddie Crawford firstname.lastname@example.org 817-296-7999
Don Eichler email@example.com 817-219-3695
JIM GALLEY firstname.lastname@example.org 817-559-1511
Reda Kay email@example.com 817-559-4888
Carol Rodgers firstname.lastname@example.org 817-919-7700
Becky Wheatley email@example.com 713-859-6691
firstname.lastname@example.org email@example.com 713-859-6589 817-648-9862 Real Estate Advisors Magazine . 855-482-9990 . www.realestateadvisorsmagazine.com 23
StAy in ControL of your Life
ALL-inCLuSive Living At A greAt priCe! Lakestone Terrace and Waterview are set up to provide you with the best meals, activities and wellness programs to help keep you focused on your lifelong goals. At our Sagora Senior Living communities, you can be as active as you want or live your life in leisure. Our dedicated associates are here to help you create the lifestyle you prefer.
Call the communities below to schedule a chef-prepared lunch and learn more!
(817) 573-1214 916 E Highway 377, Granbury, Texas 76048
(817) 573-3434 100 Watermark Boulevard, Granbury, Texas 76048 AL# 104023, 104024
L akefront H omes Independent L IvIng LakestoneTerrace.com Real Estate Advisors Magazine . 855-482-9990 . www.realestateadvisorsmagazine.com A 24 Sagora Senior Living Community
L akefront H omes 路 I ndependent L IvIng a ssIsted L IvIng 路 m emory C are
Published on May 7, 2014
Local real estate information and buying, selling, and improvement advice for Hood, Johnson, Somervell, and Erath counties Texas.