Angela Sells DFW

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

Archive for the tag “realtor”

Buying the Nicest Home in the Neighborhood

When you buy the nicest house in the area, your house will naturally appreciate at a much slower rate than the simplest home in the neighborhood. The reason being is that any improvement or renovation you make on the simplest home will immediately add value to the home. However, if you buy the nicest home in the neighborhood, your home is already valued at the top of the market and will, therefore, appreciate at a slower rate.

In addition, when you are selling a mid-range or low-range home and other houses are selling in your neighborhood, the value of your home will naturally be increased. When you are selling the nicest home in the neighborhood, the sale of other homes in your neighborhood does not raise the value of your home since you are already valued at the top of the market.

The nicest home in the neighborhood will also be harder to resell than a mid-range house in the same neighborhood. There is a select number of buyers looking to purchase the nicest home in the neighborhood. Most of the market prefers to buy a home in the mid-range of the neighborhood. People care what the neighborhood looks like along with the house itself. Buyers tend to be turned off if the house itself is beautiful but it is not surrounded by equally beautiful homes.

Finally, no one can predict the future of the real estate market. Buying a home is an investment and there is no guarantee that the property will appreciate which makes buying a mid-range home more appealing to prospective buyers.

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.

Safety Tips When Selling Your Home

 

When you are selling your home, a wide variety of strangers will be entering your home. Though the process may be stressful, it is important to still make sure that you take certain measure to protect yourself.

Make sure that you remove or lock up all personal or valuable items. Anything of value, such as jewelry, family heirlooms, and financial information, should be locked away in order to prevent them from getting stolen or misplaced when people are coming in and out of your home.

After every showing, make sure you check all doors and windows to ensure that they are secure and were not left open during the showing. If someone was looking to return to your home after a showing, they may leave a window unlocked or be looking for weak locks while they are there. It may also be a good idea to invest in home security such as an alarm system and/ or cameras.

In addition, your agent should have a list of procedures and screening in order to ensure their safety as well as yours. Familiarize yourself with agents policies and procedure in order to ensure both of your safety. Ask their advice on you can properly secure your home.

Utilize a lockbox to allow your agent to ensure that your home remains locked even when the agent needs to do showings. An electronic lockbox will offer a record of when people are coming in and out of your home.

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 You Need to Know About Mold

 

Mold needs three things in order to grow and survive: an ideal temperature, food and moisture. Mold isn’t a new problem, nor is it a problem that is easy to prevent. Homes typically have a humidity range that is ideal for mold to grow and have dust particles in the area which means that mold can grow. Most homes have mold spores, however, most of the mold that grows is allergic mold, and not toxic mold. This means that some people are going to have reactions to the presence of the mold while others may not. Some people may have no symptoms, other may experience itchy eyes and sneezing, and others may develop asthma and breathing problems.

If moisture is not cleaned up within 48 hours,  you risk being exposed to mold being created.

The musty smell that is associated with the presence of mold is a result of mold spores feeding off nutrients in the environment. The color of the mold is a result from the type of nutrients that is receiving, not the type of mold it is. This is why it is impossible to determine what kind of mold it is without professional testing.

If there is surface mold in your home, try mixing detergent and bleach to remove the mold. If a large area is covered in mold, consult a professional to help you. After you have removed the mold, it is important to make sure that you replace your air filters regularly, run a fan to promote air circulation, keep the home ventilated, and check the grading on your property to ensure water is running away from your home and not toward it.

A home having mold can depreciate the value of a home significantly because a lot of homeowners do not wish to purchase a home with mold in it. However, it is possible to buy a home for less than the costs to fix the mold with equal to meaning you will get a great deal. Just be sure to contact a professional so that you can be sure of the extent of the mold before you purchase the home.

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.

Tips for a Cheaper Mortgage

Buying a home is a great way to give yourself control over your housing costs and to eliminate the need to deal with rising costs of living. However, make sure the mortgage that you are agreeing to pay is realistic for your budget as it is a long-term investment that you are agreeing to.

One way to cut down your mortgage is to eliminate the need for a Private Mortgage Insurance, PMI. In order to do this you will need to put up a twenty percent down payment. Typically lenders will only agree to a minimum of eighty percent borrowed money, ten percent down payment, and ten percent private mortgage insurance. Private Mortgage Insurance will typically cost you about one percent of the total loan amount. By eliminating the need for PMI, you will decreased the excess you will repay on your loan.

Another way to lower your mortgage is to buy a less expensive home or consider downsizing. This will not only make it easier to come up with a twenty percent down payment, but will also lead to a lower monthly payment and less insurance on your mortgage since you would be borrowing less money. In addition, you will also save money on property taxes and insurance. It is important to note, that you can save a lot of money by researching what company has the cheapest rates.

Make extra payments on your mortgage when you can. By doing this, you will pay less interest in the long run. For example, if you make an extra payment of $1,000 and have an interest rate of 10%, you will pay $100 less a year for the duration of your loan. By making regular extra payments, you will pay off the loan sooner and with less interest which can save you a lot of money by the time that you make the final payment on the loan.

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.

How to Spot Signs of Rodents and Bugs

Unfortunately, just because you don’t see pests during an open house, it doesn’t necessarily mean that they aren’t there. Hiring a professional is the best option when deciding if the home that you would like to buy would has a pest problem. However, there are certain signs of pests that you can look for in a potential home that will give you an idea if the home has a pest problem. Successfully determining whether a home has a pest problem can save you a lot of money in the future.

Rodents carry ticks, fleas and diseases as well as leave their droppings everywhere. Since they are nocturnal, it can be hard to determine if a home has a rodent problem. When looking at a home, listen for scratching noises in the walls to help you determine if there are rodents. In addition, look for rat nests in dark places like corners of cabinets and pantries. They make their nests out of shredded fabric and shredded paper. It is also a good idea to examine the baseboards for holes or dirt that might indicate that the home has rodents. In addition rodents are attracted to food and humidity so be mindful of the atmosphere in the home.

Bugs and insects can destroy personal property as well as expose you to a lot of diseases. In some cases they can even cause asthma attacks. They can be hard to get rid of in the future which could end up getting expensive. When looking at a new home, look for dead bugs, bug parts or holes where bugs could potentially enter the home.

Termites can put the structure of your home at danger. If they have been there for an extended period of time, they can even damage your foundation. Insurance doesn’t typically cover termite damage which means you would be responsible for the repairs. When looking at a new home, pay special attention to the wood. If the wood is sagging, there are visible holes, or it sounds hollow when you knock, the home might be in danger of having termites.

Bed Bugs will bury their beaks into your skin and extract your blood. Signs that the home might have a bed bug problem would be if you see rust-colored stains on the bedding, or furniture. In addition, look for cream-colored eggs in the corners of furniture. If you think that you were in a home that has a bed bug problem, it is important you clean all your personal items with hot water to ensure you don’t bring them with you as the can be really difficult to get rid of.

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.

Pros & Cons of Timeshares

Pro: If you can not afford to buy a vacation home, owning a timeshare will allow you to live in the property for the duration of the time that you reserve it for at a lower cost that if you were to own the property. 

Con: There are more fees involved then people initially believe. You will have to pay monthly payments, special assessments, and maintenance fees, whether you use them or not. You may also be subject to pay for utilities and property taxes. All of the fees added up can be way more than people anticipate.

Pro: You do not have to deal with the maintenance of the property as that is included in the maintenance fees. In addition, you will also not need to worry about the security of the property aside from major damage.

Con: Timeshares are contracts that will lock you into paying for a specified amount of time. Some are even lifetime meaning that your future generations will also be bound to the timeshare whether or not they want it or can afford it.

Pro: Timeshares offer the opportunity to make profit through subletting as long as the monthly payments, maintenance fees, and special assessments do not cost more than you make from subletting.

Con: Due to the amount of timeshares available, the price of the timeshare a depreciate after you purchase the contract. This means people will sometimes be forced to basically give them away when they choose to sell. In addition, the market for timeshares is limited which means that selling your timeshare could prove to be very difficult.

Pro: Timeshares provide large families with bigger places to stay than a hotel as well as access to a kitchen and common areas to relax and spend time.

Con: Maintenance fees will appreciate every year meaning every year the amount you will pay for your timeshare will increase.

Pro: If you prefer to vacation in the same spot at the same time every year, a timeshare can take the hassle out of planning a vacation by eliminating the need to deal with booking or availability because every year the space will be reserved for you at the times you specify.

Con: Some resorts will misrepresent the availability of the timeshare which can make booking the timeshare more difficult.

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.

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.

Homeowners Insurance

One feature you will more than like decide to invest in is homeowners insurance. Legally, you can own your home without having insurance. However, most lenders will not allow you to finance your home through them without having insurance. If you live in a condominium, the board could also require you to have homeowners insurance. Considering this, understanding homeowner’s insurance is very important.

Homeowners insurance protects the owner from fires, floods, and unforeseen circumstances. There are eight different levels of home insurance depending on factors like how old the home is and if the home is being lease. By contacting an insurance company, an insurance agent will be able to match you with the appropriate level of insurance for your need.
It is important to complete an up to date and accurate home inventory so that if there is a loss or damage to the property, the policy can account for it and it will be easily reflected in your tax records. Create a list and take photos of all expensive and/ or valuable items. Make a copy of the list and store one copy in a safety deposit box  for safe keeping and the other on a digital file for your convenience. This way you will have a record and will be able to be reimbursed for your personal items in the house.

 

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.

 

Our Story

On my “to do” list this morning was to write out our company story.  We are growing this year and I wanted to do this for our employee handbooks and also to give our future team mates an idea of who we are, where we came from and where we’re going.  It came together nicely so I thought I would share it…

The starting point of all achievement is desire. ~Napolean Hill

Our story began back in 2006 when Angela got licensed in Florida as a real estate sales associate.  After supporting a high producing team in an executive assistant capacity, Angela decided to go out on her own.  Little did she, or anyone else for that matter, know that the market was literally about to crash.  In an effort to evolve, she opened a property management division within her brokerage.  The purpose of this was to help serve the vast amount of investors that had multiple properties they planned to flip before the “bust”.   This proved to be a successful venture as short sales soon became a regular option for selling these homes off and she was also able to help tenants become first time home buyers as well.

As the market slowly recovered, Angela evolved her business transitioning out of property management focusing on residential real estate and representing investors in their new acquisitions.  In 2011, a great opportunity for her family presented  itself in Dallas, Texas.  Having originally been from Texas, it was a no-brainer for them.  Angela relocated with her family and was licensed in Texas June 1, 2012.

Presented with the challenge and opportunity, looking positively at it, Angela began to build her business from scratch. Her passion for business and desire for unparalleled customer service served as the foundation of her business building.  In her first year, she sold just under $2,000,000.  In her second year, she sold $6,000,000 in real estate.  As the business grew, so did the team.  In early 2014, Lola Dobbins, Extraordinary Administrator, joined Angela to help develop the next step of growth.

Here we are, growing again.  We are looking to expand our agent team with two Buyer Specialists positions. If you’d like to be a part of this success story and learn from one of the best agents in the area, this is your opportunity! If you’d like to find out more about the opportunity, please click: http://dallas.craigslist.org/sdf/rej/4441944742.html.

We are headed to a premier level of recognition in our community.  Angela was voted Mansfield/ Arlington’s Best Realtor in 2013 by Living Magazine readers and Mansfield’s Best Realtor by Mansfield News Mirror readers in 2014.  This is due to the truly unparallel customer service and attention our clients receive.  They are not just another “deal” in the works.  These are huge investments they’re making for themselves, their families and their future.  We take pride in taking risks in marketing on the selling side for our Sellers’ bottom lines.  We take pride in gathering every piece of information our Buyer’s hearts desire to ensure that they are 100% confident on their purchase decision and that it’s the right one for them, not the right one of the day.  With an impeccable reputation for doing what’s right and what’s best for our clients we will become the premier real estate group in our community.

 

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