Posted tagged ‘dallas real estate agent’

Are foreclosures really a bargain?

March 6, 2014

foreclosed in flower mound, texasLife is full of twists and turns. As much as we try to plan for every possible contingency, there are simply factors that affect our lives over which we have no control. A foreclosure is not typically the desired outcome of any new home owner, yet it happens. If you have a previous foreclosure and are wondering about your options regarding future home ownership, be sure to check out our blog post titled: After a foreclosure how to own a home again.

For those of you looking to purchase a home on a smaller budget, there are several options available for “bargain house hunting.”

First, you might want to investigate purchasing a foreclosure. However, this is not a process you should go through alone. Many experts advise buyers to hire an expert to ensure the house is thoroughly inspected and that any liens, undisclosed mortgages or court judgments are cleared or at least disclosed.

Another option, if you are a veteran, is to look into veteran loans which can offer up to 100% financing. There are specific stipulations with this, so be sure you are dealing with an agent familiar with the process. The Veteran’s Association (VA) also has VA foreclosures, and if you are interested, you can call 1-800-827-1000 to request a current listing.

The Department of Housing and Urban Development (HUD) also acquires foreclosures, and if you (and the house) meet certain criteria, you could purchase a house with a down payment as low as $100.

Buying foreclosures are risky because you are buying the property “as-is.” This is why it is difficult to get a bank loan, because the bank knows if you default on your loan, they might get stuck with a money-pit.

For more information regarding purchasing a foreclosed property and where to find foreclosure listings, visit our Buyer’s Resource Page on Ideal Real Estate Group’s website and select Foreclosures. As an experienced real estate broker, Ideal Real Estate Group can walk you through the process.

If you feel you might be coming close to facing foreclosure, please pick up the phone and call me or email me, Sandy Luedke. I have decades of experience in the real estate market and have discovered options that may save you, and your home, from a foreclosure. Don’t wait until it’s too late and be proactive in exploring your options.

Appraisals and Market Value

February 27, 2014

Flower Mound Real Estate, Home for saleSpring is right around the corner. This is the time of year home owners get the urge to dust the cobwebs out of the house, clean out the closets, and give each room a good shine. It’s also when people envision sprucing up their yard, planting flowers, adding foliage and improving the home’s overall curb appeal.

Then again, there’s also a group of dreamers who would rather just pack everything up and start over at a new place – a different place – a place that better meets their current needs.

The decision of whether to stay or go could depend heavily on what you already have. Obtaining a current, accurate appraisal of your home can help you determine your starting point. Home values rise and fall based on the current economy, the real estate market as a whole, and what’s going on in and around your own neighborhood.

What you don’t want to do is make a decision on the purchase price of a new home based on an assumption of what you think your current home is worth. An experienced real estate agent will make sure you have covered your basis during your introductory meetings, to ensure your home buying adventure is a good one.

For help in obtaining a current appraisal on your home, give us a call. Because of Ideal Real Estate Group’s long-standing community involvement and networking expertise, we have developed relationships with partners throughout the Metroplex to help ensure the best possible experience regardless of what your needs may be.

For more information on what your home may be worth, market value, and appraisals, visit our Buyer’s Resource Page on Ideal Real Estate Group’s website. Let us help you find your next home!

Starting to work with your Agent

October 10, 2009

The first thing that your real estate agent will do for you is to have a relaxed, but thorough, conversation about what kind of home you are looking for. He or she will listen carefully at what you want in your new house and clarify the main details so that he/she will have a very clear picture of it. Another main consideration to be discussed is of course, your price range.
Having the right information about what you are looking for will help the agent in focusing their search, and will avoid wasting the time of both parties. Once the agent is clear on everything, including how much you are willing to spend, the search for the most fitting home will speed up.

Working with the right real estate agent

October 8, 2009

If you’re looking to buy a new home sometime in the future, the first and most important

thing you should do is to look for the right real estate agent for you. Only the right agent

can help you find that ideal home that matches all your needs and wants.

Though some would prefer an agent they do not know in order to maintain a strictly business

-only approach, others would also assert that using someone you know makes them treat you as

their top client, which lets you find your ideal home faster. Ultimately, there are four

important factors to consider:

* Professionalism. A professional agent will always keep their priorities straight and will

always have your wishes in mind.

* Knowledge. You want someone who understands exactly everything you want in your new home

and knows the real estate market well enough to find a home that matches.

* Experience. An agent with a long, successful career in real estate will always serve you

better than one without.

* Compatibility. You have to be comfortable working with your agent, so that you’ll be

confident you’re getting the best deal for you.

DFW real estate agent

DFW real estate agent

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