Fulshear, TX Real Estate News

By Shayne Stone, "Your Rock Solid Choice Realtor"
(HomeSmart)
Remember and Honor Those Who Gave AllRemember and Honor Those Who Gave AllWe remember and honor those who gave all. 
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By Shayne Stone, "Your Rock Solid Choice Realtor"
(HomeSmart)
If You're a Homeowner, You Have Incredible Leverage When You Sell TodayIn todays housing market, homeowners have a great opportunity to sell their house and receive the best terms for their personal situation. Thats because there's a limited number of homes for sale, which is creating competition among buyers. Right now, homebuyers want three things: To be the winning bid on their dream home To buy before mortgage rates rise more To buy before home prices go even higher These buyer needs give you an amazing advantage also known as leverage when you sell.What Does This Mean for Sellers Today?You might already realize this enables you to sell at a good price, but you're also in a great position to get the best terms to suit your needs.According to the latest Realtors Confidence Index from...
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By Shayne Stone, "Your Rock Solid Choice Realtor"
(HomeSmart)
Why Rising Mortgage Rates Push Buyers off the FenceIf you're thinking about buying a home, you've probably heard mortgage rates are rising and have wondered what that means for you. Since mortgage rates have increased over two percentage points this year, its natural to think about how this will impact your homeownership plans.Today, buyers are reacting in one of two ways: they're either making the decision to buy now before rates climb higher or they're waiting it out in hopes rates will fall. Lets look at some context that can help you understand why so many buyers are jumping off the fence and into action rather than waiting to buy.A Look Back: How the Current Mortgage Rate Compares to Historical DataOne factor that could help you make your decision to buy now is how todays mortgage ...
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By Shayne Stone, "Your Rock Solid Choice Realtor"
(HomeSmart)
Don't Let Rising Inflation Delay Your Homeownership Plans Some Highlights If recent headlines about rising inflation are making you wonder if its still a good time to buy, heres what experts have to say. Housing is an asset that typically grows in value. Plus, your mortgage helps stabilize your monthly housing costs, and buying protects you from rising rents. Experts say owning a home is historically a good hedge against inflation. Lets connect if you're ready to start the homebuying process today.     
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By Shayne Stone, "Your Rock Solid Choice Realtor"
(HomeSmart)
Do Mailbox Keys Convey?(This is based on Texas)  If your clients don’t have a mailbox on their property, they might get mail from a cluster box: a centralized unit of individually locked compartments.When your clients move, what happens to their mailbox key? Does the mailbox key convey to the next owner? Yes, according to Paragraph 2C of the One to Four Family Residential Contract (Resale) (TXR 1601, TREC 20-14). That paragraph lists mailbox keys as accessories that convey to the buyer.If the box is privately owned, your seller clients simply give the keys to the new owners.However, if the U.S. Postal Service owns the box, the Postal Service would like the keys back.According to the Postal Service, sellers should return old mailbox keys when they move. Sellers who intend to do so should...
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By Shayne Stone, "Your Rock Solid Choice Realtor"
(HomeSmart)
Always Tour a Home Before Making an Offer: Here’s WhyAt first, the thought of buying a home without having taken a tour to see it in person might seem like an odd choice. When it comes down to it, though, there are actually a few different scenarios in which making an offer on a home that you haven’t toured might seem like a good idea. You might be buying a home in a new part of the country that you’re currently not in and hope to have the property secured before you move, or it might be a home that’s getting a lot of attention and you want to get an offer in quickly. You might even be considering skipping the tour due to lingering concerns about the pandemic, or for other equally valid reasons.While there are definitely good reasons to skip out on a tour, doing so can be a bad idea, ma...
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By Shayne Stone, "Your Rock Solid Choice Realtor"
(HomeSmart)
Will Home Prices Fall This Year? Here's What Experts Say. Many people are wondering: will home prices fall this year? Whether you're a potential homebuyer, seller, or both, the answer to this question matters for you. Lets break down what's happening with home prices, where experts say theyre headed, and how this impacts your homeownership goals.What's Happening with Home Prices? Home prices have seen 121 consecutive months of year-over-year increases. CoreLogic says:Price appreciation averaged 15% for the full year of 2021, up from the 2020 full year average of 6%.So why are prices climbing so much? Its because there are more buyers than there are homes for sale. This imbalance is expected to maintain that upward pressure on home prices because homes for sale are a hot commodity in tod...
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By Shayne Stone, "Your Rock Solid Choice Realtor"
(HomeSmart)
What You Actually Need To Know About the Number of Foreclosures in Todays Housing MarketWhile you may have seen recent stories about the volume of foreclosures today, context is important. During the pandemic, many homeowners were able to pause their mortgage payments using the forbearance program. The goal was to help homeowners financially during the uncertainty created by the health crisis.When the forbearance program began, many experts were concerned it would result in a wave of foreclosures coming to the market, as there was after the housing crash in 2008. Here's a look at why the number of foreclosures were seeing today is nothing like the last time.1. There Are Fewer Homeowners in Trouble Todays data shows that most homeowners are exiting their forbearance plan either fully cau...
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By Shayne Stone, "Your Rock Solid Choice Realtor"
(HomeSmart)
Todays Home Price Appreciation Is Great News for Existing HomeownersIf you're planning to sell your home this season, rising prices are great news for you. But its important to understand why prices are rising to begin with. One major factor is supply and demand.In any industry, when there are more buyers for an item than there are of that item available, prices naturally rise. In those situations, buyers are willing to pay more to get the product or service they're looking for when options are scarce. And that's exactly what's happening in the current real estate market.Selma Hepp, Executive, Research & Insights and Deputy Chief Economist at CoreLogic, puts it like this:With so few homes, buyers are once again left with fierce competition that's driving the share of homes that sold ove...
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By Shayne Stone, "Your Rock Solid Choice Realtor"
(HomeSmart)
Things That Could Help You Win a Bidding War on a HomeWith a limited number of homes for sale today and so many buyers looking to make a purchase before mortgage rates rise further, bidding wars are common. According to the latest report from the National Association of Realtors (NAR), nationwide, homes are getting an average of 4.8 offers per sale. Heres a look at how that breaks down state-by-state (see map below):The same report from NAR shows the average buyer made two offers before getting their third offer accepted. In this type of competitive housing market, its important to know what levers you can pull to help you beat the competition. While a real estate professional is your ultimate guide to presenting a strong offer, here are a few things you could consider.Offering over Ask...
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By Shayne Stone, "Your Rock Solid Choice Realtor"
(HomeSmart)
Your House Could Be Closer to List-Ready Than You Think One of the biggest concerns for a homeowner looking to sell is the time they'll have to put in before listing their house. If that's the case for you, you should know your home might be closer to list-ready than you think in todays housing market. A survey of recent sellers from realtor.com finds that many were able to get their house ready in less than a month. It says:With many homeowners expecting a quick sale, and in many cases a lack of contingencies, the preparation process took less than a month for over 50% of home sellers this past year, with 20% completing it in less than two weeks.Those sellers expecting to sell quickly are following recent buyer trends. With mortgage rates and home prices rising, buyers in todays market...
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By Shayne Stone, "Your Rock Solid Choice Realtor"
(HomeSmart)
Does My Heat Pump or A/C Need Replacing?Summer is just around the corner, and for a lot of homeowners, that means having to run the air conditioner or heat pump around the clock just to keep ahead of climbing temperatures. These tools are amazing for keeping things cool, but after a while, they too can get worn out and need replacing. Do you know how to tell if it’s time to retire your current unit?Efficiency Is Everything Many people believe that if their unit is still working, it’s still doing its job, but with HVAC systems this isn’t always true. Efficiency is really everything, and an air conditioner or heat pump that’s slipping in this department may be on its way out the door. Older units may still cool just as well as they always did, and regular maintenance can ensure they live ...
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By Shayne Stone, "Your Rock Solid Choice Realtor"
(HomeSmart)
2022 Housing Market Forecast  Some Highlights What does the rest of the year hold for the housing market? Here's what experts have to say about what lies ahead. Home prices are projected to rise and so are mortgage rates. Experts are also forecasting another strong year for home sales as people move to meet their changing needs. Lets connect so you can make your best move this year.   
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By Shayne Stone, "Your Rock Solid Choice Realtor"
(HomeSmart)
Is It Enough To Offer Asking Price in Todays Housing Market?If you're planning to buy a home this season, you're probably thinking about what you'll need to do to get your offer accepted. In previous years, it was common for buyers to try and determine how much less than the asking price they could offer to still get the home. The buyer and seller would then negotiate and typically agree on a revised price that was somewhere between the buyers bid and the homes initial asking price.In todays real estate market, buyers shouldn't shop for a home with the same expectations.Things Are Different TodayTodays housing market is anything but normal. According to the National Association of Realtors (NAR), the average home that's sold today: Receives 4.8 offers Sells in just 17 days Homes selling...
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By Shayne Stone, "Your Rock Solid Choice Realtor"
(HomeSmart)
Growing Up: Getting Your Vertical Garden Ready for SpringWhen you don’t have a lot of space or open ground around your home, planting a garden might seem impossible. After all, plants need room to grow and soil to grow in, don’t they? While this is true, there is more than one way to get a garden growing. If you have limited outdoor space or don’t have room for a large garden plot, one option is to set up a vertical garden instead.While not every garden plant is feasible for a vertical garden, you might be surprised at all of the things that you can grow vertically. Of course, you’ll first have to get your vertical garden set up and ready for spring planting. You have a lot of options with how you do this, so let’s take a moment to cover the essentials of what your vertical garden shoul...
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By Shayne Stone, "Your Rock Solid Choice Realtor"
(HomeSmart)
The Dream of Homeownership Is Worth the EffortIf you're in the market to buy a home this season, stick with it. Homebuyers face challenges in any market, and todays is no exception. But if you persevere, your decision to purchase a home will be worth the effort in the end. In fact, a recent survey from Bankrate shows homeownership is so powerful that:Nearly three in four homeowners say they would still buy their current home if they had it to do [sic] all over again. That means the results owning a home and the benefits that come with it outweigh the effort needed to achieve their goal. If you're a homebuyer, let that provide you with the confidence to know the work you're putting in today will pay off for years to come. Here are a few reasons to stick with your search and focus on the ...
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By Shayne Stone, "Your Rock Solid Choice Realtor"
(HomeSmart)
What’s a Mesh Network?Chances are, you use the internet for a number of different things during the course of your day. The internet plays a key role in everything from gaming and entertainment to social interaction and even work these days, so it’s important that you have a reliable internet connection. Depending on the layout and even the materials used in your house, though, it isn’t always easy to stay connected everywhere within the home.If your Wi-Fi coverage isn’t quite what you wish it was, replacing your existing setup with a mesh network might be the answer. Mesh networks have become increasingly popular in recent years due to how easily they solve some connection and coverage problems. If you’re curious as to whether your home would benefit from a mesh network, here’s what yo...
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By Shayne Stone, "Your Rock Solid Choice Realtor"
(HomeSmart)
Is It Time To Buy a Smaller Home?Life events can have a major impact on what you need from your home, and retirement is one of the biggest changes many of us face. This period of your life can mean doing more of the things you enjoy, like traveling, visiting with loved ones, or taking on new hobbies. But what does that mean for your home?If you're looking for ways to focus more on the important things in your life, the answer could be downsizing. A recent article from The Balance talks about why it could be a great option, saying:There are many reasons to buy a smaller home or to downsize from your present home but sometimes, the idea that “less is more” is what propels homeowners to buy a smaller home.You Can Find the Right Home for Your NeedsThe 2022 Home Buyers and Sellers Generation...
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By Shayne Stone, "Your Rock Solid Choice Realtor"
(HomeSmart)
Home Loan Programs: 2022 UpdatesBuying a home is a dream that’s shared by many people. Making that dream come true isn’t always as simple as just going out and applying for a mortgage loan, though. Some potential homeowners need a little bit of assistance in keeping loan requirements manageable, even though they are fully able to afford the loan itself. Fortunately, there are a number of home loan programs that can help make home ownership attainable even for first-time buyers and those who worry that they might not meet all of the requirements for a traditional mortgage loan.It’s important to keep in mind that the rules and requirements for these loan programs are updated from time to time. Before starting out looking for the home of your dreams, you should make sure that you are up to...
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By Shayne Stone, "Your Rock Solid Choice Realtor"
(HomeSmart)
Americans are more aware than ever of the effects climate change and natural disasters can have on their homes. According to a report from realtor.com:More than 3 in 4 recent buyers, 78%, took [natural disasters] into account when choosing the locations of their homes, . . .The study also found that many existing homeowners (34%) have already considered selling their houses and moving to a new location because of the changing climate. If you're like those homeowners and are weighing your options about what to do next, here's some information to keep in mind as you begin the process of selling your existing house and searching for your new home.Do Your Research and Work with a Real Estate Advisor To Find a Home That Meets Your NeedsAs a homeowner, its impossible to control what types of ...
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