Angela Sells DFW

Journey with me through my real estate, motherhood and Texas adventures

Archive for the tag “homes by hornburg”

4 Tips for Buying a Vacation Home

 

Tip #1: Make sure it’s in your budget. Many people buy a vacation home with the intentions of renting it out to cover the costs. Before buying a home with this intent, be sure to check the market and be sure that you can rent your home enough to cover the costs that you will need to have covered. Remember that real estate is not a liquid investment and when the market changes you could be at risk of having to sell your home for a much, much lower price than you paid for it.

Tip #2: Know the Rules before you buy the property. Sometimes HOAs, cities and other institutions will put requirements on which homes can be used as a rental property and may have certain standards in order to do so. Sometimes hotels and resorts can require you to operate your rental through them. It is important that you look into any rental restrictions before you purchase your home.

Tip #3: Be realistic with the amount that you expect to make from renting your property. Remember to be realistic about what costs are going to be required to maintain your property, such as cleaning between guests, HOA fees, and utilities. Also consider how much it is going to cost in order to completely furnish your home. With all these costs, it is important to be realistic about the amount that you expect to make in profit from your rental.

Tip #4: Pick a vacation spot that you can go to regularly. Damages can cost a lot more when they are left unattended. It is important to pick a vacation spot that you intend to and can realistically visit often in order to be able to check on your vacation property and ensure that any needed repairs are done in a timely matter to keep costs down, especially if you do not intend to rent your vacation property.

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 is the Fair Housing Act?

The Fair Housing Act of 1974 is a national policy of fair housing throughout the US. The act makes it illegal to discriminate in the sale, lease, or rental of housing. The owner or landlord also can not make housing unavailable because of race, color, religion, sex, handicap, or national origin. No matter who you are in the home buying process, you are affected by it. If you are the home buyer and you feel as if you are discriminated, you can file a housing discrimination claim. The claim will be sent to the US Department of Housing and Urban Development. The Fair Housing Act is something that will always be there for you when you are adventuring through the home buying process. In the end the home buying process can be stressful, but remember to stay calm and that the realtor is always there to help you.

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.

 

Handsomely Updated Fort Worth Home for Sale

7236 Hightower Fort Worth, Texas 76112

This unique home has been lovingly cared for and updated!  From the moment you enter the home, you are greeted with charm in the ceramic tile floors, fireplace and built-in bookshelves.  The kitchen has granite countertops, designer backsplash, top-of-the-line stainless steel appliances with an eat-in space situated next to picture windows!  There is an additional flex space that could be used as as second living or second dining.  The floorplan has flexibility as well because there is a bathroom both upstairs and downstairs.  Each bathroom connects onto a room as well as opens to the hallway so you could easily have a Master bathroom upstairs or downstairs.  The carpets have recently been replaced upstairs and the bathroom has also been updated with a new vanity, countertop,  and tile tub surround!  The cherry on the sundae is that the home also has a brand new roof, recently completed foundation work (both with transferrable warranties) AND recently updated plumbing!  All of this for only $135,000!  If you’re interested in this home or finding more out about first time home buying loans, give us a call at 817-771-0998 or AngelaSellsDFW@gmail.com.

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Bountiful Benefits of Using a REALTOR on a New-Build Home

Home buyers often make the mistake of thinking that working with a builder is just as beneficial as buying a house with a Realtor.  What they don’t realize is that it is quite the opposite.  The builder’s sales representative is just that, a representative for the builder.  They do not represent the consumer or buyer of the house.  Sure, they want to sell you the house but do they work exclusively for you and your best interest?  The answer is a resounding, “no”.

Aside from the fact that experienced Realtors can often negotiate better deals on upgrades, closing cost incentives and other items that greatly affect either the bottom line for the home buyer or the value for which you’re paying, there is actually a more important factor in utilizing the expertise of a Realtor when building a new home.   This factor is having someone who represents no one but you and your best interest.

What happens when the builder is delayed on your new house but you’re still under contract with them to be sure your home is sold, creating a situation that makes you move twice?  What about when the builder’s subcontractor framed your options wrong or installed the wrong electrical or tile?   What happens when the builder gets behind on other homes and pulls their contractors off of your house to get caught up the others creating a delay in your closing resulting in having to re-schedule moving, movers, utilities, etc.?  These are all things that no one thinks about until they’re already under contract and then it’s too late, unless of course you’d like to pay a Realtor outside of closing to take on representation.  You see, that’s a huge bonus, the builder pays your Realtor just like a seller of an existing home would.  Representation doesn’t cost you a thing when bringing your agent with you to a new construction home.  There are some builders who will openly tell you that if you don’t have a Realtor they will give you “x” amount in “free” upgrades.  Let me ask you, do you believe anything in life is truly free?  Why do you think builders would rather give you additional upgrades or incentives rather than have someone involved that represents your best interests?   Often times we hear from people who say they fully understand why about half way through the process when problems began to arise.  If someone, besides them, were involved and concerned with their best interest then the problems more than likely would never have been present or they would have been corrected much quicker having someone whose full time job is to represent them rather than them trying to remember to call the sales rep back 2-3 times per day to try and get an answer or resolution.  In the end, the $5,000 of “free” incentives the buyer is given is paid for in time, headache, exhaustion and fees having to reschedule everything around closing or moving or possibly having to move twice.

An experienced agent knows the home building process and can guide you through it, help set expectations where the builders don’t and are always working on your behalf.  This is also a benefit for you because most builders are going to offer you a full, “bumper to bumper” warranty on your new house once it’s finished.  If you were the one calling them every day with new problems, do you think the warranty experience the first year is going to be the best?   But if you were the homeowner with the “Johnny on it” agent or the “annoying” agent who was always making sure things were done, do you think that experience would be different?  An agent working for your best interest doesn’t mind being the “bad guy” every now and then to get done what is supposed to be done.  And then, when the job is finished, you get to stay the “good guy” and enjoy the experience of homeownership utilizing your new warranty in your new house.

A perfect example of this is this week, my team was told by a builder’s sales rep that, “Coordinating closing dates of an existing home into their new home is impossible and we should just give up.”  He went on to say that he was living in an extended stay hotel waiting for his home to be built, too.  (My first thought was, “Should’ve used a Realtor!”)  For me, to give up on my client’s behalf is unacceptable.  As a parent, I know what it’s like to not only sell your home with young kids but to move in general, it’s not fun, to say the least.  I can’t imagine telling my clients that I’m just going to give up and you should take your mother-in-law, toddler twins, elementary aged son, husband and dog to live in an extended stay because coordinating the closing dates is “too hard”.   That would not be acting in my client’s best interest.  Instead, we took the road less travelled by finding out when the permit inspections were requested and calling the city to see what their turnaround time is like on these requests.  This will better help us gauge what kind of timeline we’re up against without any additional delays and then plan accordingly.  This is where we go above and beyond for our clients, as expert Realtors do.  Then, we re-negotiated the closing date on the home they have to sell first to move into their new home.  Problem solved.

The next time, you’re considering making a real estate purchase by yourself, please really think about it.  Sure, there are people who use Realtors every day that have terrible experiences but generally speaking, those aren’t Realtors that have been vetted, interviewed and chosen carefully.  They’re the ones that people happened upon or use just because it was convenient.  Remember, making a real estate purchase or sale is a huge investment.  You should be interviewing multiple agents for the job to ensure you’re getting into business with the right person. If you’re wondering what you should be asking or looking for, feel free to email us at homesbyhornburg@gmail.com and we’d be happy to send you some questions and criteria that our clients have used.

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