How to Find the Perfect Neighborhood?

Choosing the right neighborhood is as important as choosing the right home. Every individual has different views and needs in a neighborhood. But here is a checklist of what most people want in a neighborhood:

1. A neighborhood that is near schools. Whether or not your kids are going to school, a neighborhood near schools can boost the value of your home.
2. Easy access to transportation is an important factor. Check if it is close to public markets and stores, to government offices and of course to your job. Check how long it takes  you to get to and from work and to other public places.
3. Consider what amenities you need and want. Check the lifestyle of your children, if they are active in social activities and what their interests are.

These are the most important things to check when choosing the right neighborhood for you.  Call Homes for Sale in Fort Worth TX to help you find the best home that suits your needs and budget, in a neighborhood you love.

Home Selling Closing Costs

Selling a home is not only a complex process but includes many fees like insurance, taxes, commission and other miscellaneous fees included in the closing costs. Here are a list of the most common closing costs:

1. Title search fees
1. Commonly known as the title insurance, this ensures you can sell your home without encumbrances and liens.
2. Repairs and home warranty
3. Notary fees, recording fees and escrow fees
4. Mortgage payoff balance and loan pay-off fee
5. Prepayment penalty
6. Lien releases
7. Seller concessions
8. Termite letter
9. Commissions for listing/selling realtors

If you are working with a professional realtor, be aware of these costs to avoid surprises at the time of close. As a seller, it is important to know the closing costs you will incur.  According to surveys, the biggest part of the closing cost is the agent commision which is 6% of the sales price.  Prepare for the closing costs, which are a huge factor that will affect your finances.

If you are thinking of selling your home, be aware of the closing costs, the process and the terms of the process.  Call Homes for Sale in Fort Worth TX to guide you through the selling process.

Should I Rent My House Instead of Selling It?

The results of Fannie Mae’s June 2015 National Housing Survey, were just released showing that more and more homeowners are warming up to the idea that now may be a great time to sell their home.

The amount of respondents that stated that now is a good time to sell rose three percentage points to a survey high of 52%; which may translate to a healthier market as more homes are listed in the coming months.

At the same time “the percentage of respondents who expect home rental prices to go up rose to 59% – a new survey high.” Doug Duncan, senior vice president and chief economist at Fannie Mae, gave this insight: “The expectation of higher rents is a natural outgrowth of increasing household formation by newly employed individuals putting upward pressure on rental rates.”

There is a chance that those who believe rental prices will rise may consider renting their house rather than selling it at this time.

However, if you have no desire to actually become an educated investor in this sector, you may be headed for more trouble than you were looking for. Are you ready to be a landlord?

Before renting your home, you should answer the following questions to make sure this is the right course of action for you and your family.

10 Questions to ask BEFORE renting your home

1. How will you respond if your tenant says they can’t afford to pay the rent this month because of more pressing obligations? (This happens most often during holiday season and back-to-school time when families with children have extra expenses).
2. Because of the economy, many homeowners cannot make their mortgage payment. What percentage of tenants do you think cannot afford to pay their rent?
3. Have you interviewed experienced eviction attorneys in case a challenge does arise?
4. Have you talked to your insurance company about a possible increase in premiums as liability is greater in a non-owner occupied home?
5. Will you allow pets? Cats? Dogs? How big a dog?
6. How will you actually collect the rent? By mail? In person?
7. Repairs are part of being a landlord. Who will take tenant calls when necessary repairs come up?
8. Do you have a list of craftspeople readily available to handle these repairs?
9. How often will you do a physical inspection of the property?
10. Will you alert your current neighbors that you are renting the house?

Bottom Line

Renting out residential real estate historically is a great investment. However, it is not without its challenges. Make sure you have decided to rent the house because you want to be an investor, not because you are hoping to get a few extra dollars by postponing a sale.

Definition of Escrow

Escrow is defined as a deposit of money or funds entrusted to a third party to take responsibility for the insurances and taxes. Whether you are a buyer, seller, you will need to understand escrow, as it is part of the real estate process.

It is likely in the buying or selling process, you will borrow money from a lender in the form of a mortgage and repay it monthly to the bank for a specific period of time. Aside from your monthly payments on a home, you will also be responsible for monthly insurance and taxes in the form of escrow. Occasionally, people are unable to pay the monthly payments and the insurance and taxes together, which is where escrow comes in. A lender will offer you that he/she will be the one to take responsibility for the monthly insurance and taxes, with the lender earning interest.

Homes for Sale in Fort Worth suggests that you escrow your homeowner’s insurance and taxes to automate the process. We know that is requires a significant money to start an escrow account, but it will ensure payment of your insurance and taxes.

Call Homes for Sale in Fort Worth TX today.  We are here to guide you throughout the real estate process, may it be selling or buying a home.

Maintain the Value of Your Home

Owning a  home has been considered as the greatest investment made by most Americans. It is also likely that many homeowners are planning to sell that home in the future.  It is very important that when you own a home, you maintain it so that it will still have its value in the future.

The value of your home is one of the most important factors in selling a home. Maintaining your home can be a big help in getting the most money of your home.

Here are the ways to maintain the value of the home:

1. Clean and maintain the attic of your home. The cleaning should be done regularly to avoid it as the residence of the bugs, rodents and any other living animals.
2. Take proper care with the woods throughout your home to avoid cracks and breaks in your home, whether inside or out.
3. Control and take repairs on the bugs and damage of the home.
4. Maintain a general cleaning of your home.

These are important ways to maintain the value of your home. These smart investments could help maintain the value of your home. Call Homes for Sale in Fort Worth TX for more ways and advice to help with the selling or buying of a home.

Buying a Home is 35% Less Expensive than Renting!

In the latest Rent vs. Buy Report from Trulia, they explained that homeownership remains cheaper than renting with a traditional 30-year fixed rate mortgage throughout the 100 largest metro areas in the United States.

The updated numbers actually show that the range is from an average of 16% in Honolulu (HI), all the way to 55% in Sarasota (FL), and 35% Nationwide!

The other interesting findings in the report include:

• Interest rates have remained low and even though home prices have appreciated around the country (3.9%), they haven’t greatly outpaced rental appreciation (3.7%). “In the past year, these two trends have made homeownership even more affordable compared with renting.”
• Some markets might tip in favor of renting if home prices increase at a greater rate than rents and if – as most economists expect – mortgage rates rise, due to the strengthening economy.
• Nationally, rates would have to rise to 10.6% for renting to be cheaper than buying – and rates haven’t been that high since 1989. 

Bottom Line

Buying a home makes sense socially and financially. Rents are predicted to increasesubstantially in the next year, so lock in your housing cost with a mortgage payment now.

6116 Lamb Creek Dr Fort Worth Texas 76179

4 Bedroom, 3.5 bath, 3 car garage. This wonderfully done open concept home features hardwood, ceramic throughout, game room, media room, office, well placed laundry, large master suite. Enter your backyard oasis from both the main living area and master suite. 

Enjoy the large covered patio, soak in the spa or take a swim in the heated diving pool with waterfall. Fall in love with the beautiful greenbelt that is right behind your own backyard.

Price: $375,000
MLS: 13102637

Bedrooms: 4                                           Bathrooms: 3.1                Size: 3,340 Sq Ft.
Date Available: March 3, 2015                 Year Built: 2009 

School District: Eagle MT-Saginaw ISD


For more details, Click the link --> http://bit.ly/1M5xELX

Contact Us

Get Connected with Homes for sale in Fort Worth Tx and Reach us at this address:

4144 NORTH CENTRAL EXPRESSWAY
DALLAS TX, 75204 SUITE 600

Call Us: (817) 369-5092

Email us: info.homesforsaleinfortworthtx@gmail.com