Angela Sells DFW

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Archive for the month “January, 2018”

What is a Buyer’s Market?

A Buyer’s Market refers to the supply and demand in the real estate market where the market experiences decreased value of property due to a decreased demand.
What factors cause a Buyer’s Market?

  • When the real estate market experiences a decrease in property value, a buyer’s market is created. An example of a factor that would decrease property is a natural disasters such as earthquakes, floods, and hurricanes.
  • When the market experiences an increase in available properties, there is an increase in competition among sellers causing a decrease in the market prices of available real estate.  An example of a fact that would cause the market to experience an increase in available real estate is a new subdivision being built in a city.
  • When there is a change in the economic climate causing short term decrease in interest rates or a trend of higher interest rates, a buyer’s market can also be created. When interest rates are higher, less people tend to buy houses which will cause a decrease in prices as more properties become available. When there is a short term decrease, buyers are given a competitive edge when purchasing real estate.

How to determine a Buyer’s Market?

  • What time of year is it? During June to August is one of the most popular times to move, so it is more than likely going to be a Buyer’s Market.
  • How many houses are available in the city you are looking at? If there are a lot available, it is more than likely going to be a Buyer’s Market.
  • How many jobs are available in the city? If there are not a lot, then it will more than likely be a Buyer’s Market due to the decrease in economic development in the city.
  • What is the history of property value of the city you are looking in? If the current market price is lower than the average price of the property in the past, then it is more than likely a Buyer’s Market.

For all of your real estate needs, please contact the Hornburg Real Estate Group at Keller Williams Realty at DallasFtWorthHomeSearch.net or (817) 264-7087.

What are HOA’s? What do they do?

A homeowners association or HOA is an organization in a subdivision, community, or condominium that enforces rules for the property within its jurisdiction. If you are to purchase a property you automatically become a member of your HOA and dues will be required. Some HOA’s can be very restrictive with what homeowners can do with their property. Homeowners association’s have a great amount of control over properties. They require you to pay dues, and if you don’t then they can place a lien on your property or penalties can be imposed for breaking the rules.


Although HOA’s have a great control over your property there are some great benefits to being apart of one. The members aim for a high standard of appearance for the property. The HOA also provides a good amount of rules and regulations for the community. There are various amenities that come along with being apart of a great organization like this. It is very beneficial because of the numerous amenities and stable community that comes along with it.


Everyone knows that even though there is a lot of advantages of HOA’s, there are always some disadvantages. Some disadvantages of being apart of a HOA are the high cost of all the association fees. Also HOA’s have been deemed too restrictive for some homeowners because of the harsh expectations and regulations.

For all of your real estate needs, please contact the Hornburg Real Estate Group at Keller Williams Realty at DallasFtWorthHomeSearch.net or (817) 264-7087.

Top 5 Things to know before buying your first home

Buying your first home can be very stressful but also very exciting. Here are the top 5 things you need to know to help make the process a little less stressful so you can focus on all the exciting moments.

 

Find a Realtor you can trust, Then Trust them.

Your Realtor is going to be the person you rely on most in this process. Having a realtor that understands what you want and is someone you can trust is going to prove to be someone that is going to have your best interest at heart is going to making finding a home that you are going to be happiest in. Given that, do your research and ask for referrals so you can be sure to find the best realtor for you. Once you find a realtor that you can trust, do just that as they will prove to be an invaluable tool in your search for your first home.

 

Know what you are looking for And what you’re not looking for.

When you’re looking for your first home, it is important to know what you want as there are so many different homes for different lifestyles out there. It is important to think about what features of a house are going to be most important to you and what features you are willing to live without. In addition, it is also important to think about what you want your life to look like in the future and find a place that is also going to satisfy those needs as well.

 

Stay in your budget

When you are buying your first home, it is an exciting time making it easy to get carried away. It is important to remember to stay in your budget. Look past the surface of the house and focus on the bones of the house. Things like countertops and paint can be changed. It will prove to be more important to make sure that the purchase price and interest are going to be something you can afford long term. Don’t stretch beyond what you can afford because this will be a long term commitment.

 

Be sure to think through your budget

Buying your first home is going to be a long term commitment so it is important to make sure that your monthly expenses that are going to come with the home are going to be affordable. It is important to think through your finances,especially other the total of other debts, thoroughly before looking into buying a home and make sure that your going to be able to afford the expenses. Also remember to factor into your budget any home repairs that may be needed especially if you are not buying a new home. Nothing is worse than buying a new home and having to pay for unanticipated repairs!

 

Your first home is not going to be your last home

With the changes life brings, chances are your first home will not be your last home. Remember it is okay for your first home to not have every single feature that your dream home would and that is okay. Create a list of things that you absolutely can’t live without in your first home but remember it’s okay if your first home does not check off every item on your dream house list.

For all of your real estate needs, please contact the Hornburg Real Estate Group at Keller Williams Realty at DallasFtWorthHomeSearch.net or (817) 264-7087.

The Who’s Who of Real Estate

Buying any real estate means working with a lot of different people and it can get confusing. But don’t worry, We’re here to help! Here is a who’s who guide on the most common different people you will work with when buying real estate:

 

Appraiser:

The Appraiser is going to be the individual or companies that decide how much the property being sold is actually worth. They carefully inspect the interior and exterior of the house to assess the condition and livability of the property.

 

Buyer’s and Seller’s Attorney

The Buyer’s and Seller’s Attorney’s protect their respective client’s best interest buy reviewing mortgage agreements, title documents, and other legal documents. In addition, they aid with the closing process to make it smoother for their client.

 

Home Inspector

A Home Inspector is a certified individual who conducts a thorough examination of the property being sold and creates a detailed report of the current condition. Unlike Appraisers, they do not determine the value, only the condition.

 

Insurance Agent

The Insurance Agent is an individual who is prepared to help you find the best insurance for the property being sold. They usually represent several different companies and are therefore equipped to help you find the right policy for you.

 

Mortgage Broker

A Mortgage Broker will negotiate between the applicant and the loaner in order to help get the applicant the best deal. They will also help through the application process and until the loan is finalized.

Mortgage Loaner

The mortgage loaner is the source of the loan, usually a bank.

 

Surveyor

A Surveyor is going to take precise measurements of the property in order to determine the exact borders of properties. It is most common to user a surveyor when purchasing large amounts of land.

 

Transaction Broker

The Transaction Broker will neither work for the buyer or the seller but rather work as a neutral party in order to negotiate between the buyer and seller. They will help negotiate on behalf of both parties in order to create a compromise and finalized the sale.

For all of your real estate needs, please contact the Hornburg Real Estate Group at Keller Williams Realty at DallasFtWorthHomeSearch.net or (817) 264-7087.

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