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Where Is The Housing Market Going?

Housing Demand Sees Biggest Drop in 2 Years

 

The U.S. housing market has been a puzzle these last few years. Many urban centers, particularly metropolitan areas on both the East and West Coast, have seen drastic demand increases and tight supply, leading to housing markets as overheated as the housing bubble that predated The Great Recession.

Other urban areas, particularly in the Midwest, have seen small price increases, while smaller cities and rural areas outside the huge growth zones have been flat. The unevenness of the post-recession recovery seems to indicate that location has become a more primary driver of home prices than before.  

Just comparing housing costs in high-flying places like San Francisco and Boston to low flyers like Atlanta bear out this hypothesis. Jobs and desirability play a role. Cities like Boston, Seattle, and San Francisco are uber popular and offer high-paying jobs. They also have limited room to grow. Cities like Granbury, Texas and Atlanta, Georgia have bigger housing supplies and room to spread.  

Housing Prices Rise Despite Market Headwinds

 

Still, the massive increases in housing costs in many urban areas defies logic. In hot markets, many a real estate agent have grown accustomed to seeing 10 to 15 offers on a single property. Bidding wars are common in major metropolitan cities all across the nation.

...

Bathroom Tile Designs of 2018

Popular Tile Designs of 2018

 

Do you have a home you’re thinking of selling? Are you an investor who buys properties and remodels them to provide better options for homebuyers? One way that you can make sure that your home is attractive to potential buyers is to add a fashionable design in the bathroom or kitchen.

Since the kitchen is more expensive to renovate, it makes more sense to upgrade the bathroom when you are planning to resell the property. We found five trending bathroom styles that you may want to consider using to boost interest and possibly spark a bidding war for your next home for sale.  

Antique Bathrooms Create Appeal For All Ages

 

To figure out the tile that will work the best in your bathroom, you may want to consider the fixtures and accessories that you will put in the design. For instance, if you plan to add a cast iron tub, then you want something that will complement the main feature.

Since the tub is a solid color, you can choose a bold tile pattern like a bright, daisy mosaic on the floor to give the room great appeal. Thin, horizontal accent tiles that line the shower are a popular retro choice. Any handmade tile is especially useful in vintage designs because each piece looks worn and old even though it is new.

...

Maintenance Tips Before Winter Hits

Before Winter: Home Maintenance Tips

When you own a home, you know that there is a certain amount of work that you will do during the year to keep the property in shape and safe. Whether you replace a frozen water pipe, fix a leaky roof, or replace broken siding, everything you do will help you keep the current value of your property.

Staying in your house or prepping your home to sell will not affect your maintenance schedule. We talk about six of the most critical home checks and repair tips you may want to add to your home maintenance to-do list

Check and repair your sprinkler system

This should be at the top of your list for maintenance before winter arrives. Walk the yard and check any visible part of the system making sure that the valve heads are upright, free of debris, and without damage.

Then, inspect your watering mechanisms by using the manual valves to turn on the sprinkler heads one by one. Brush out any sprinkler that has a clog. Check the timers and be sure that the water is reaching the areas you want it to get.

For issues like ponding or problems with even pressure, you may need to contact your sprinkler installer to check for underground damage.  

Block out the heat to reduce energy costs

Since the summer months can get extremely expensive when you count in water charges to fill the pool, run the...

Looking Back 100 Years

Architecture & Design Of Single Family Housing

Single family home ownership has been part of the American heritage for over 100 years. Prior to the early 1900s, it was not unusual to find multiple families living under one roof. But, as America began to flourish, the ability to buy a home, the need for comfort and individuality brought a host of new home designs for one family housing.  

46.5% of Americans owned their own homes in 1900. This number had risen to 53% by 1950. Today, it is estimated that nearly 63% of all Americans are homeowners. This percent when continue to rise as new real estate technology allows for more modern, efficient, and affordable homes with new ways of purchasing them. Here is a snapshot of how the architecture and design of homes has evolved in the past 100 years.  

1900-1920

By the beginning of the 20th century, Americans had started to create their own designs of single family housing, apart from the imported Greek, Roman and other historical styles with their rectangular shape, gabled roofs and columns. Craftsman style bungalows with large front porches, dormers and low pitched roofs that covered 1-1 1/2 stories.

Simple bungalows lacked the exterior exposed wood and were not as defined in detail, but became popular as low-cost quality housing.   There were still plenty of Victorian homes going up, mostly in southern states. Areas like Savannah, Georgia and Birmingham, Alabama were still being built, but on...

Blockchain: Coming Soon To Real Estate

Coming Soon to Real Estate Near You: Blockchain!

Blockchain technology is one of the hottest topics in the business world today. While many consumers are familiar with cryptocurrency, they may be less familiar with blockchain's other applications. As a distributed, secure, and open ledger, blockchain can change the way we do business in any industry. Blockchain has several features that make it a particularly strong fit for the real estate industry, especially regarding title examination and recording.

TITLE EXAMINATION

When you buy a home, your Realtor will work with a title company to ensure that you receive a clear title. The first step in this is a title examination. The title company will search the county Recorder of Deeds' records for records pertinent to the property you're purchasing. They will verify that the current owner has a clear title, and will identify any existing liens (such as mortgages, HOA dues, or property taxes) that need to be satisfied before a clear title can be transferred to the new owner, as well as identifying rights of third parties to the property (such as easements for utility lines). This is a time-consuming process, with a large potential for costly errors. The records are often incorrectly indexed, and often require use of a patchwork of various databases. Documents can go missing or copies can be destroyed. Fraud is a common problem; the FBI has referred to mortgage fraud as one of the fastest growing sectors of white collar crime. Real estate technology, particularly in the area of title examination, has certainly come a long way in the information age, but ultimately, real property records are maintained the same way today as they were in the colonial era.

BLOCKCHAIN TITLE...

How Self Driving Cars Will Affect Real Estate

Real Estate And How Self Driving Cars Will Affect It

  Everyone is affected by the real estate market in one way or another. It’s something we all should understand. Everyone needs a place to live. Many people will buy a home. Others will invest in real estate as part of their fiscal portfolio. Some people may specialize in commercial real estate while others focus on the residential real estate market. In any case, most people pay close attention to the real estate market. Understanding the factors that may be influencing the housing and commercial real estate markets at any given moment, as a real estate agent can tell you, is crucial. People need to know housing values in case they need to move and need to prepare to sell their home quickly. Investors also need to know what factors may influence the housing markets as they rent properties, buy a home or make improvements to their existing portfolio of properties.

Location Has Been Highly Important

Traditionally, many factors have influenced the price and desirability of any given piece of property. In general, the most important factor of all is that of the property's location. Real estate agents tell clients that everything can be changed but the property's location. The location has been traditionally the single most important factor when it comes to setting a price. A good location is usually located in an upscale neighborhood with lots of amenities. The good location will typically include easy access to many transport networks, public parks and an area with a low crime rate. A less than desirable location is usually one that...

Six Tips For Preparing To Sell Your Home

6 tips for preparing your home to sell

Six Simple Tips for Preparing to Sell Your Home

We've all seen the Real Estate TV shows with potential buyers walking through picture-perfect homes for sale, critiquing every corner. This isn't just scripted TV episodes -- nowadays with HGTV and Pinterest lingering in the back of their minds, buyers really do expect a home to meet their standards in every sense of the word. Preparing for your house to be sold can seem like an insurmountable task, but if you tackle each goal one by one, you'll have a show-ready home in no time flat!  

Remove Clutter

  The first step to preparing your home to put on the Real Estate market is cleaning up and decluttering. Now is the time to purge if you plan on doing so. Making boxes for donations is a great way to clear your house of unwanted items. If you don't plan to purge, consider getting an off-site storage unit to store unneeded items while you're showing your house.   If you have kids, this part can be tough since kids, especially babies and toddlers, have a lot of big toys and equipment. Make smart decisions on what to store, donate, and keep out. It may be best to do this while your children are away from the home with a sitter or at school. Be sure to keep their absolute favorites, though. Buyers are usually understanding when they realize that kids live in the home.   Don't forget to clean all countertops off in the kitchen and the bathrooms. If you have various items that you use frequently, like toothbrushes and toothpaste, make a basket...

10 Easy Ways to Add Curb Appeal

Adding Curb Appeal

According to Realtor, homes for sale in Granbury TX are averaging a median listing price of just over $240,000 for a single family home. To make sure that you get as much as you can out of your listing, we recommend beautifying your yard and upgrading the design to give your home a charming style and welcome feel. Visitors to your open house will appreciate a fresh design that invites them inside. Many of the tips cost less than a hundred dollars too!

New house numbers

You want to go big and eye-catching with your new address, says Houzz. You can use a wide range of media to find a design that matches the style of your house. For instance, industrial items like metal pipes and copper numbers work great for a modern home where hand-carved numbers with a nice coat of paint or stain would be better for a cottage or ranch style home.

Plant a shade tree

DIY says that planting a tree or two is a fast way to make your home look stunning. A large tree is an excellent source of shade in the summer months helping to keep your home cool. Consider planting two trees to create a symmetric design or to frame your home.

Paint, paint, and paint

While you are updating your home and painting the...

Can You Be-Leaf It's Gutter Maintenance Time Again?

Standing under the giant gold umbrella of foliage that covered your majestic shade tree this fall was like wandering into a painting, but now that the leaves have all fallen and the stately guardian is beginning its winter rest, it’s time to consider the clean up. You’ve already mulched the leaves on the lawn, but that’s only the beginning. Your gutters were also gracious receptacle of those golden flags — they’re going to need a good cleaning to keep working like they should.

Getting the Muck Out

There’s no easy way to say this, so I’m just going to come out with it. All that gross, grimey stuff in your gutters has to go and there’s not really a hands-off way to do this that’s both safe and reliable. The very best way to clean your gutters is still to don some work gloves, mount a ladder and use a garden trowel to scrape out all the detris that’s accumulated since the last time you or the former owner of your home did this vile task.

Try very hard to not push any of that debris down into the downspouts. Once inside the downspout, that mess of rotting leaf matter can turn into the most epic clog you can imagine, requiring a Herculean effort to extract. That is not what you want to spend doing this weekend. Instead, start at the downspout and work toward the middle of the gutter, and then repeat on the other side if it also has a downspout.

You can toss the mess into a bucket you’ve carefully hung from your nifty ladder, lay a tarp down to catch whatever you toss on it or have a friend on the ground who gets to be the unlucky bearer of the compost pail. Just try to get most of the muck in the container or he won’t come back to help you fix that chimney cap.

Once all the muck’s cleaned out, you should then run a hose to rinse the silty deposits out of the bottom of the gutters until they shine. This will also show you if there are any leaks or sagging spots that need to be...

Getting Your Garden and Landscape Ready for Winter

There’s nothing quite as solemn as watching the garden and landscape start to wind down for a long winter’s rest. It’s part of the never-ending cycle of nature — and landscaping chores — that you’ll find yourself participating in as a homeowner. Shed a small tear for the beauty of the cycle, then head out to the garage because you’ve got a lot of work to do to get your garden and landscape ready for winter.

Ready? Here we go!

Begin at the Beginning

Every landscape and garden is different, but it can be generally agreed upon that your landscape consists of some kind of turf (grass), some shrubs or small trees, maybe a large tree, annuals, perennials, bulbs, a garden spot and potted plants. Give or take. All of these guys are competing with you for attention as fall turns to winter — they’re screaming your name, in fact. But you can’t tend them all at the same time, which is why you need to make a plan of attack before you ever start.

Things that absolutely have to be done before it frosts for the first time include:

  1. Bringing tender potted plants indoors.
  2. Covering tender outdoor plants.
  3. Mulching everything you’d like to see next year.
  4. Saying good-bye to the rest.

You can wait until there’s a freeze warning in effect to handle chores like:

  1. Digging bulbs.
  2. Turning over the vegetable garden.
  3. Trimming away dead material from trees and shrubs.
  4. Mowing the grass one last time.

Although we’d never advocate that you wait until the last minute to do any of these chores, we also know you’re probably pretty busy, so it makes more sense to let you know what the deadlines really are. With this information in hand, you can start planning your attack.

Mulching 101

One of the most important things you’ll do when you’re putting your landscape to...

What You Should Know About FLOOD INSURANCE

Why Should You Get Flood Insurance in Granbury?

In the United States, the average price of flood insurance, nation-wide, is around $600 per year. There are major differences in those prices depending on the state and flood zone in which you live. And there are even certain areas and flood plains where, in order to get a mortgage, you are likely going to be required to purchase flood insurance.

Flood Insurance for a Mortgage

Many areas within Texas are Flood Zone A.  Flood Zone A means that your mortgage company will require flood insurance on your new home.  When purchasing your home, your REALTOR will let you know if flood insurnace is required.  Your mortgage broker will be required to include your first year of flood insurance on your closing statement. 

  • But what if you aren’t required to have flood insurance?
  • Should you spend that extra money every year to have that insurance? What if the area you have lived in has never flooded?
  • What if you do take out a flood insurance policy and live in your home for 35 years, and it never floods?
  • What if, what if, what if?

Homeowners Insurance

These are all questions to consider. It’s pretty much guaranteed that you’re going to have to have a Homeowner’s Insurance plan, which unfortunately is not going to cover water damage from a flood. And even more unfortunately, flood damage can cost tens of thousands of dollars, and possibly more depending on the level of destruction. How much water, how long was it in the house, etc?

Damage...

Mice Can Affect Home Sales

DONT LET MICE DERAIL SELLING YOUR HOME

mice can affect home sales

Selling a home infested with mice is not a pleasant experience for anyone, well besides the mice.  Imagine the perfect, approved Buyer comes in and a couple of mice scurry past, deal off! Also, if found during an inspection a costly remedy will be required, and a financial burden on the seller.

MICE, MICE, Oh My!

Homeowners experience an increase in mice as unwelcome house guests during the Fall and Winter, but here in Granbury it can be a year-round occurrence. Homes in Granbury have a much higher chance of infestation than homes in other parts of the country. In fact many homeowners do not even know the little critters have set up house until it is too late for a simple mouse trap to do the trick.  

Just during the winter months alone, mice and their other rodent counter-parts will share a home with an estimated 21 million homeowners in the United States.  Typically, mice are looking for food, shelter from the elements (hot & cold), and water.  The extreme summer heat in Texas will send the mice into homes thirsty, hungry and looking for a cool place to nest.  Mice populations increase at an alarming rate, especially when they are nice and cozy inside a homes walls and/or attic space.  

Mice Will Find A Way

If you have ever noticed mice droppings on top of things, and thought to yourself “how in the world did they get up there?” well, you would be surprised.  They are...

Buyers Turn Their Nose Up At Smelly Houses

bad smells deter home sales

Take a Whiff Before You List

If you are planning to put your home in Granbury on the market, you have most likely looked around for things in your home that need cleaned and repaired.  You have freshened up your landscaping and added color to your curb appeal.  As diligent as you have been in getting your home ready, be sure you did not overlook the smells that linger in your home just from your day to day living.

Odors that buyer’s find most offensive:

    • Pets
    • Litter boxes
    • Strong Air Fresheners/Candles
    • Lingering Smells Of Certain Foods With Strong Spice Odors
    • Mildew/Dampness
    • Tobacco Smoke
    • Garbage Not Removed From The Home
    • Gym Equipment Left Out
    • Dirty Laundry
    • High Efficiency Washers That Begin To Smell

How Can You Eliminate These Odors:

Pets

You should consider having pets kenneled or at the least, removed from the home during showing appointments.  Keeping dogs bathed and carpets cleaned to remove the smell of your furry friends.  Move litterboxes to an exterior area, but if you cannot do that, then change the litter daily.  Consider using a more expensive type of litter and litter box that ensures to control odor from your felines elimination.trong Air Fresheners/Candles

Just do not use them.  Home buyers can tell when a strong scent of these air fresheners is present and assume...

Texas Comes In At Number One For Largest Growth

texas real estate ranks number one

Nationwide Study Ranks Texas #1

According to U-Haul migration trends reports, Texas is the #1 growth state for 2016.  With U-Haul being the company that provides transportation for people moving and relocating, they have an undeniable interest in understanding the trends for where people are moving to. This is great news for Texas Real Estate with a spotlight on Granbury homes.

Big Moves for Texas

The state of Texas has become much more popular destination since 2015 when they ranked number 39 on the same U-Haul report.  When looking at year over year U-Haul truck rentals coming into Texas they have risen 4% since 2015.  What makes the statistic even stronger is the fact that departures leaving Texas stood steady; showing a pretty dramatic influx of new homeowners into Texas.

How U-Haul Calculates

The states that make it to the top of the list are the ones that show the largest net gain of one way truck rentals in the state, as opposed to leaving the state.  These statistics are gathered from at least 1.5 million one way truck rental transactions yearly.  It is acknowledged that the migration statistics may not directly correlate to population growth, but is utilized as a very effective metric of how well cities are attracting new homeowners.

Texas Cities That Moved The Needle

Thanks to areas such as ...

5 Tips For First Time Homebuyers

5 Tips For First Time Homebuyers

 Possibly one of the biggest decisions you will make in your life is buying your first home. It can be daunting, and you may feel like home buying is in an entirely different language. Escrow, interest rates, down payments, condo docs, HOAs, credit scores, pre-approvals… It can be a bit overwhelming. But fear not, you’re going to go in to this process prepared. Let’s assume that you clicked on this article because you have made the decision to purchase a home—that’s obviously the first step. But now what? Here are 5 tips you should consider before you purchase your first home.

1. Work on your credit score.

There are plenty of websites nowadays that will tell you your credit score for free. Take a look at it preferably a year before you want to purchase a home, so that you have plenty of time if things need improving. Most lenders want to see your credit score above 700, so definitely aim for that. And remember, the better your credit score, the more likely you are to get a much lower interest rate. And who doesn’t want to save tens of thousands of dollars?

Helpful tip: If you feel like your credit score is good enough to being looking for your perfect home, it’s a great idea to get a lender to pre-approve you before you start shopping—this will both let the realtors and sellers know you’re serious, and give you a general idea of what the bank thinks you can afford. To get pre-approved, lenders will verify your employment, income, and credit.

2. Know what you can afford.

Remember how I recommended you to get pre-approved?...

Things NOT To Say When Selling Your Home

Things NOT To Say When Selling Your Home

selling your home

Everyone who is trying to sell a home is typically wants to do it as quickly as possible. As a seller, you and/or your qualified real estate agent should be aware of all of the items required by law that must be disclosed to buyers. These things, depending on the state you’re in, can include your flood zone, whether the house has lead paint, previous improvements or renovations, termite problems, and more. But what you should also know, is what not to disclose.   

“We love this house, but…”

Stop right there! No matter what you insert into the end of that sentence, your potential buyers don’t need to hear it. This statement puts doubt into their minds, makes them see problems that they might not have noticed before. Bottom line, it can be detrimental to that sale. What might you say here that is not good?

Go ahead, just fill it in: -We love this house, but there’s just not enough storage space.

We love this house, but our family has outgrown it/we’re getting a divorce/my spouse died.

We love this house, but it isn’t close enough to good schools/the city/work/shopping/etc.

 We love this house, but we always wanted to change the layout/the size/the closet space/the kitchen/etc.

 We love this house, but… See?

...

Elevate Realty Group Opens New Flagship Office in Granbury!

 Elevate Realty Group Grand Opening

Elevate Realty Group recently had their grand opening for their new cutting edge real estate office.  Because of their incredible growth and to better serve their clients, Elevate Realty Group has moved all of their real estate services to the center of Granbury.

The grand opening of their new cutting edge facility took place on October 20th and was a huge success.  With all of Granbury’s top real estate agents in attendance, Randall Luna was able to showcase the new facility.

Elevate Grand OpeningElevate Realty Group’s brand new office space located at 103 Corporate Dr. in Granbury Texas.  This new space is the next step in the real estate market domination of Elevate Realty Group.  The new office features an incredible location coming into Granbury just south of HEB and Kroger. 

The agents, owners and clients of Elevate Realty group are enjoying the more than 3000 sq ft of elegant modern offices, spacious open concept conference room and warehouse space with a state of the art real estate sign shop.  The Granbury stone double door building is accented with the already legendary Elevate lime green color.  Randall Luna invites everyone to stop by our new location to talk to us about listing your home or allowing one of our incredible buyer’s agents to find the perfect place for you!

Elevate Realty Group is the fastest growing real estate brokerage in Granbury.  Slated to produce over 50 million dollars in real estate sales in 2016, the homes they list sell for substantially...

Selling Your Home FSBO - 5 Things To Prepare For

Selling Your Home FSBO - 5 Things To Prepare For

It’s hard to put everything associated with selling a home into priority, as to what thing is more important than the other… they are all very important.  Selling a home is complicated and requires extensive knowledge of real estate laws, negotiation techniques, and common local sales practices.  It also requires the skill and expertise to deal with unexpected bumps and turns as the sale progresses from start to finish (and if you don’t think unexpected bumps and turns will happen, well, you are either just unaware or possibly deluding yourself).  It’s important to know that, even after a home sale closes, mistakes can come back to haunt you.  Any error made when selling a home can surface weeks, months, or even years after the deal closes.  Lawsuits are extremely common in real estate, and frequently, they aren’t the cheap kind.  Realtors are trained extensively in how to deal with problems, or even better, how to prevent them; they also have the supervision and assistance of their experienced Manager or Broker to help them when any of the usual or common turbulence arises in just about every home selling transaction.  Owners who intend to self-represent their own sale (For Sale By Owner, or FSBO for short) take risks that they are largely unaware of and frequently expose themselves to problems, including lawsuits, that could easily be...

Smart Home Technology

smart home technology

Smart Home Technology

It always amazes me how quickly a new technology gets adopted and quickly becomes a necessity and expected in our daily lives. “Smart Home Technology” is one of those new things that are quickly becoming commonplace.

According to a recent survey by a nation-wide real estate franchise of US adults, 71% of home buyers now expect a home to be “move in ready”.  Of those home purchasers, 44% think that “move in ready” should include Smart Home Technology.  In addition, 57% of that group said they would consider an older home if Smart Home Technology had already been installed.

Luxury Properties

It appears that luxury home buyers are much more interested in Smart Home Technology than the general homebuyer.  For some, it can be a deficit for a home for sale if smart tech is not already installed.  It appears that Smart Home Technology has become to be an expected feature in the luxury market.  For people looking to purchase a luxury property, they feel that if the home doesn’t have some sort of Smart Tech, the home seller has cut corners.

The Level of Expectation

Much of this level of expectation has been set by people traveling to five-star hotels where they experience Smart Home Technology and come to expect those features in their home buying process.  With many high end hotel rooms, office spaces and even airplanes having Smart Home Technology; it has become an expected feature in the Luxury Property market.  Although Smart Home Tech was seen in ultra-expensive homes in the multi-million dollar range years ago, many now expect those features included in homes starting at $750,000.  It is expected that Smart Home Tech will...

Granbury Subdivisions

Granbury Subdivisions

Granbury Tx is full of incredible subdivisions that are in the center of one of the greatest real estate markets in the country.  With many of the subdivsions within the city of Granbury haveing differnt amminities, we wanted to give a brief discription of many of the most popular neighborhoods in Granbury.

Abe's Landing

Abe's Landing started out as a privately owned ranch operation.  The old Abe's Landing homestead house still remains in the subdivision!  Story has it that Abe's Landing was the point at which people on each side of the river would meet and "Abe" would ferry them back and forth across the river.  Today, Abe's landing is on the finest examples of a planned community in Granbury.  Newer homes priced from the mid $200s are located inside the front gate and as you move back toward the waterfront, home prices increase into the $700s.  

See All of the Homes for Sale in Abe's Landing.

Canyon Creek

The waterfront community of Canyon Creek is very unique and rustic!  Most of the waterfront properties have deep water at their shores as this community sits right on the main river channel.  Canyon Creek waterfront is truly unique in that the south bank shelters the lake from the wind, making this smooth waterfront the ideal place to wakeboard.  

See all of the Homes for Sale in Canyon Creek

DeCordova Bend Estates

This private neighborhood of DeCordova Bend Estates is one of the original planned communities along the...