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Preferred Properties of Texas

The Preferred way to buy & sell real estate for you

Buying and Selling Your Home in the New Year: What You Need to Know

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The start of a new year is an exciting time for many, offering a fresh perspective and the perfect opportunity to make big changes. If buying or selling a home is on your to-do list for 2024, now is the time to start preparing. Whether you’re upgrading to a bigger space, downsizing, or finding your first home, there are key factors to keep in mind when navigating the real estate market in the new year.

Buying a Home in the New Year

The new year brings new opportunities, and the real estate market typically starts to heat up as spring approaches. If you’re in the market for a home, it’s important to start your search early. Get pre-approved for a mortgage, research neighborhoods that fit your needs, and start attending open houses to get a feel for what’s available.

Interest rates may fluctuate throughout the year, so acting sooner rather than later could lock in a favorable rate. It’s also a great time to look for properties with tax advantages, as many sellers are eager to close deals before the end of the year.

Selling Your Home in the New Year

If you’re looking to sell, the new year can offer unique advantages. Inventory is often lower at the beginning of the year, meaning less competition. This can give your listing an edge, especially if you’re selling a well-maintained property in a desirable area.

One of the first steps to selling is getting your home ready for the market. Consider a few minor updates and touch-ups to make your home more attractive to buyers. A fresh coat of paint, staging, and professional photography can make a big difference in how quickly your home sells. Pricing your home correctly is also crucial—don’t overestimate its value, as this can deter potential buyers.

For more tips on buying a home, check out this helpful guide. If you’re selling, here are some expert tips to help your home stand out in the market: Learn more here.

Get Started with Preferred Properties of Texas

If you’re ready to take the next step in buying or selling your home in 2025, Preferred Properties of Texas is here to help! Our team of experts can guide you through the process, making it smooth and stress-free. Whether you’re looking for your dream home or need assistance with selling, we’ve got you covered.

Contact us at 254-965-7775 today to get started! Let’s make 2025 the year you achieve your real estate goals! https://www.preferredpropertiestx.com/contact-real-estate-home-ranch-land-for-sale-texas-property/

How to Navigate the Real Estate Market Like a Pro

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The real estate market is dynamic, ever-changing, and full of opportunities—but also challenges. Whether you’re a first-time buyer, an experienced investor, or a homeowner looking to sell, understanding the intricacies of the real estate market can make all the difference. Here’s how you can approach your real estate journey with confidence and success.

1. Know Your Goals

Before diving into the real estate market, it’s essential to have a clear understanding of your objectives. Are you buying your dream home, investing for long-term profit, or simply trying to find the best deal on a rental property? Knowing your purpose will guide your decisions and keep you focused on what matters most.

Resource: Investopedia’s Guide to Real Estate Goals

2. Understand Market Trends

Real estate markets fluctuate based on factors like supply and demand, interest rates, and local economic conditions. Researching current trends can help you identify the best time to buy or sell. Tools like market reports, local housing statistics, and insights from a trusted Realtor can provide valuable context.

3. Work with a Real Estate Professional

Having an experienced Realtor on your side is invaluable. They can offer guidance tailored to your unique needs, negotiate the best deals, and simplify complex transactions. A knowledgeable agent not only saves you time but often saves you money by avoiding costly mistakes.

4. Prioritize Location

The old adage “location, location, location” still rings true. The neighborhood, nearby amenities, and future development potential play significant roles in property value. Whether you’re purchasing a home for yourself or as an investment, understanding the area’s prospects is critical.

Resource: Neighborhood Insights on Zillow

5. Be Financially Prepared

Real estate transactions often come with hidden costs, from inspections to closing fees. Ensure you have a clear understanding of your financial situation and explore financing options early. Pre-approval for a mortgage can give you an edge when competing for properties in a hot market.

6. Leverage Technology

The real estate world is now more tech-driven than ever. Use apps and websites to browse listings, explore virtual tours, and compare properties. Many tools also allow you to track pricing trends and get alerts for new opportunities.

7. Be Ready to Act Quickly

In competitive markets, hesitation can mean losing out on the perfect property. Be decisive but cautious, and rely on your Realtor’s expertise to make swift, informed choices.

Resource: Tips for Competing in a Hot Market by Redfin

8. Plan for the Long Term

Real estate is often a long-term investment, whether you’re buying your forever home or seeking rental income. Consider future market trends, your lifestyle needs, and potential resale value as part of your decision-making process.

Final Thoughts

Navigating the real estate market doesn’t have to be overwhelming. With preparation, professional guidance, and a solid strategy, you can turn real estate into an exciting and rewarding experience. Remember, the key to success is staying informed, proactive, and adaptable.

If you need personalized advice or assistance in buying or selling real estate, don’t hesitate to reach out. As a licensed Realtor, I’m here to help you achieve your goals and make confident real estate decisions.

Charming Family Home with Versatile Space and Prime Location!

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This property offers an excellent location, perfect for families or as a prime investment opportunity. Conveniently situated with easy access to top-rated schools, popular restaurants, and shopping centers, it provides the best of suburban living.

The home features three spacious bedrooms and two full bathrooms, making it ideal for comfortable family living. An additional versatile living area can serve as a game room, home office, or a space for hosting gatherings.

The fenced backyard, shaded by mature trees, is perfect for outdoor activities, offering privacy and relaxation. For those who love DIY projects or need extra storage, the property also includes a well-equipped workshop with plenty of space for tools and storage.

Prime Location for Family Living or Investment! 136 Comanche Located in Stephenville, Tx!

Donna Wagner- Real Estate Agent

Donna Wagner

Real Estate Agent

(254) 967-0562

Email Donna

With 25+ year background in real estate, my knowledge of different types of real estate is an asset to any buyer or seller. My goal is to help you make the best possible decision about your real estate investments. I am beyond blessed to meet and help so many amazing individuals and families achieve their homeownership and other real estate goals. No transaction is too small, large, or complicated for my commitment.

If you or someone you know is interested in buying or selling a home or would simply like more information, please call or email me.

Lets work together to meet your real estate needs!

5 Scams Targeting New Homeowners

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Buying a home is an exciting milestone, but scammers may try to exploit your enthusiasm and inexperience. Be vigilant against these common fraud attempts.

Partner Companies

If you receive a letter from a company claiming to be affiliated with your mortgage lender and requesting additional information for your loan, be cautious. Since you have already closed on your home, this is likely a scam. Do not provide any personal or financial information.

Deed Processing Notice

Ignore any bills claiming you owe money for a copy of your deed or property assessment profile. After a sale or transfer, property deeds are mailed to you for free. If you need an additional copy, you can order one through your county clerk’s office.

Business Imposters

Legitimate utility companies will not contact you asking for payment through money orders, cryptocurrency, or other non traceable methods. They also will not request to see your bill or account information. Always verify the email, business address, and phone number on any bill you receive. Scammers often use real company names and logos to deceive you.

Home Warranty Con

You are not required to purchase a home warranty. If you decide to get one, research reputable companies. Beware of companies claiming your home warranty is expiring or has expired and demanding payment.

Loan Scams

Be cautious of companies urging you to refinance shortly after closing. They often profit from excessive loan fees and may offer higher interest rates than you currently have. It’s best to research lenders thoroughly for a refinance instead of responding to unsolicited calls or advertisements.

This is not an exhaustive list, so contact us today for more information on how to identify real estate scams and protect yourself! 254-965-7775

Original Blog: https://www.texasrealestate.com/members/posts/5-scams-targeting-new-homeowners/?utm_medium=email&_hsenc=p2ANqtz-_YQOVmxDE37g8OIbzBbjWLR7VwvLSvO-uNxiA_2E5msmkMx35M24i9pvSWlS5T0ciMXcSuy5nqFuVGazWBcDUU7hBraQ&_hsmi=314197259&utm_content=314197259&utm_source=hs_email

Buy a Home: Step-by-Step

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The right support system will help you on your way to your new home. Contact Preferred Properties of Texas today to start your real estate journey!

For listings in Stephenville text HOMES to 877-965-7775

Infographic illustration first time homebuying tips

Original Blog: https://www.houselogic.com/buy/how-to-buy-step-by-step/first-time-home-buying-tips/?cid=eo_em_mkt_newsletter_ftb&bt_ee=xZEAyXdBiHqZVTqpd2UEQNZ6fduxYxtl%2F2VjOPFaWPupNl422kfvG5bobthEkqSE&bt_ts=1712100289338

Buying a Home? Don’t Forget to Ask These Questions!

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The responsibility and liability of buying a house is considerable. You are bound to the home you purchase until you successfully sell it. You must therefore be extra cautious and ask as many questions as you can before closing a deal. Here are some questions that you should not forget to ask before buying a house.

Can you have a copy of the home’s sales history?

You should know how many times your home has been sold over the years, as well as the price each time. You will be able to see the value changes of your property, which you can use in future negotiations and when selling the house.

What are the monthly and annual costs of utility and maintenance?

Nobody wants to live in a house that has astronomical utility bills. It makes the owner look like he or she is rich. You should know the annual maintenance costs, as well as water, gas, and power bills, to determine if you are able to afford a home.

What is the property tax?

The value of the home is what determines the main property tax. However, the amount the current owners pay is an important factor in determining future costs.

Is the house unusually old or has it been involved in any crimes?

Brokers or sellers should disclose any history of suicide, murder or death. A history that is unusual, such as appearing in a movie, magazine or commercial, should also be disclosed. If a house is featured in the public media, it could be a sign of a privacy breach in the future. A negative history may make it difficult to sell a house in future.

When was the roof last repaired or replaced?

Roof replacements can cost up to $10,000. Future homeowners should be aware of when such a large expense may be due.

Is there a parking restriction around the property?

It is possible for future guests to need to park outside the home, even if it has a garage. The last thing you need is to have your guests’ cars towed.

Are there on-going warranties for the kitchen appliances, garage door, HVAC system, and more?

The cost of replacing any of these items can easily reach thousands of dollars. The warranties will save you a lot of cash in the future.

Are there any renovations or additions made by the current and past owners?

Upgrades can cost a lot. If you are planning to add or renovate the home, it is important to know who worked there before.

Are there any problems with sewage or broken pipes?

It is better to be aware of these problems before hiring a home inspection. The cost to repair such issues can be a significant amount.

Is there a current or past pest infestation?

It can be expensive and time-consuming to get rid of a rodent or insect problem. It is better to know about this than wait until it’s too late.

Original Blog: https://realtytimes.com/archives/item/1029918-buying-a-home-don-t-forget-to-ask-these-questions?rtmpage=

Preferred Properties of Texas

(254) 965-7775|Contact Preferred Properties of Texas