On the Way!

We are on the way to learn about marketing using Social Media today! Hope to learn lots of great stuff! More info to follow - Have a Great Week!

Cedar Creek Lake is Buzzing! The lake is full and we saw a lot of activity last weekend when the weather was nice. Come check out Cedar Creek Lake, located about 65 miles southeast of Dallas. We will be looking for ya! Have a Great week!

Some Tips for Home Buyers

 

 

1. Think about what you want. Discuss with all members of the household to get the right fit.

 

2. Start your search on the internet.

 

3. Then drive by and check the neighborhood. Make sure you like the neighborhood.

 

4. Talk to a lender and get pre-approved. There are so many loan programs. Make sure you get the one best for you.

 

5. Set up with a Realtor to view some homes. Don't take the first one, always look at several.  If you keep coming back to the first one then that may be the best fit.

 

6. Buying a home is an emotional thing. Trust your self and your agent. Ask questions. Be sure you understand and are ready for a home purchase. 



New FHA changes that were effective in October 2015.

1. If a home is on multiple parcels, only the parcel the home sits on will be included in the appraisal. The excess land will not be counted toward the final value of the property!

2. Roof must have 2+ years of life left. Appraiser must note type of roof and if any deficiencies exist.

3. Non residential square footage (not under heat and air) can not exceed 49% of the total square footage!

4. Appraisers must report repairs necessary to meet FHA on their report as well as any adverse conditions, and then it is up to the lender to determine which repairs will be required. That puts the marketability of the property somewhat on the lenders shoulders.

5. Septic systems/ Water well - Inspections will be required for both.  If a property has septic but sewer is available it is up to the lender to determine if connecting to the sewer will be feasible. ( So- buyer or seller may be required to connect to sewer even if septic is ok)

These are some big changes! Just want you to be informed!

Have a Great Week!

Good Day to you! 

Check out the link below to my Wonderful waterfront listing at Cedar Creek Lake!


http://www.propertypanorama.com/instaview-tour/ntreis/13298783