real estate advisors magazine - october 2014

Real Estate Advisors Magazine . 855-482-9990 . www.realestateadvisorsmagazine.com 1

2 Real Estate Advisors Magazine . 855-482-9990 . www.realestateadvisorsmagazine.com


EDITOR / PUBLISHERTammye Rushing • 817-573-8801

OFFICE122 North Crockett • Granbury, TX 76048

ADVERTISINGNathan Smothermon • 817-573-8801

Real Estate Advisors is a monthly publication with news and advertising designed exclusively for the Real Estate reader. No repro-duction or transmission in any form of this pub-

lication is allowed without publisher consent. The Real Estate Advisors is a publication of

Century 21 Shirley Hooks, INC. All rights reserved.

© 2014 Century 21 Shirley Hooks, INC.

JULY CENTURY 21 SHIRLEY HOOKST O P P R O D U C E R S

COVER: Great waterfront home on page 15, #65. For more details go to www.century21shooks.com

DONNAHUDSONREALTOR ®

TOP AGENT

Donna has called gorgeous Granbury home since 2001. She and her husband Kent have raised their four sons in the country club community of DeCordova Bend Estates. All of the guys play golf and the family enjoys boating on Lake Granbury, so DeCordova suits them to a “tee”. Donna is a multi-million dollar producer who is pleased to offer

the latest e-friendly services such as digital signatures. Her listings get vast internet exposure on hundreds of websites and she is consistently a top listing and selling agent at Century 21 Shirley Hooks, LLC. She is a real estate professional who will give you the guidance and attention you deserve and will protect your interests at every turn.

TABLE OF CONTENTSLocal Real Estate Market . . . . . . . . . 4Dream Deal Listings. . . . . . . . . 5, 22Article from Tammye? . . . . . . . . . . . 6The Mortgage Minute. . . . . . . . . . . . 7Open Houses A Thing Of The Past?NO WAY! . . . . . . . . . . . . . . . . . . . . . 8Lots & Land . . . . . . . . . . . . . . . . . . . 9Home Listings . . . . . . . . . . . . . 10-15 The Commercial Boomin Hood County . . . . . . . . . . . . . . . 16Title Tidbits . . . . . . . . . . . . . . . . . . 17Never Make Assumptions. . . . . . . . 18Commercial & Acreage . . . . . . . . . 2010 Things to Know AboutBuying Foreclosures. . . . . . . . . . . . 21Contact an Agent . . . . . . . . . . . . . . 23

TAMMYDILLREALTOR ®

TOP AGENT

Tammy Dill was amazing to work with. This was our first time buying a house, she made the experience so enjoyable!! She walked us through the process in such a professional, genuine, and caring way! When we decide to move again, we will call Tammy! And we have already been referring her to family and friends wanting to

move to this area.~ Jeremy & Lauren Williamson

Specializing in Hood county and the surrounding North Central Texas area, Gary & Becky are a hard-working husband-and-wife team dedicated to helping you achieve your real estate

goals. Whether it’s selling your existing home, relocating, purchasing your first home, or finding that special place to settle in for retirement, the Wheatley Team is here to serve you. Gary & Becky have been real estate professionals with Century 21 Shirley Hooks, LLC since 2009. They have been Top Producing Team since 2010, selling over $14 million in homes.

GARY & BECKYWHEATLEYREALTOR ®

TOP AGENTS

L INDANELSONREALTOR ®

TOP AGENT

Being a realtor since 1978, I moved here 10 years ago and I fell in love with the Granbury area. Let me help with you in selling, buying or your relocation needs. Raised on ranches, I have spe-cialized in ranch and land properties. However, I can help you with all your real estate needs. Let me work for you.


A V IEW OF THE LOCAL REAL ESTATE MARKET

ALL INDICATORS ARE STRONG IN REAL ESTATE! REGARDLESS OF THE COUNTY, REAL ESTATE ISVERY STRONG.

This month, the look at the local stats includes a look at all of North Texas, not just the counties covered in our magazine. The counties covered in the statistics this month cover from far West Texas to the border, to far East Texas to the Border, to Far North Texas to the border, and south down to about Hillsboro.

The median sales price is up slightly over last month by 7.9% to $192K. In comparison, Hood County for the same time period, sales price is up 15.6% to $184,250.

Days on Market for all of North Texas is down slightly by 1.8% to just 50 days on market! This proves if a home is priced right, it will sell. In Hood County, for the same time period, the days on market is slightly longer at 91 days and shows an increase from the previous month.

The great news for Hood County is that, while the overall North Texas closed sales market is down 7.3%, the Hood County market is up by 3.9%. This is an indication of a consistent market holding its own.

New Listings overall for North Texas are down slightly by 2.8%. However, Hood County is seeing a strong increase by 13.6% in listings hitting the market.


DREAM DEAL™ SEE PAGE 2 FOR DETAILS WWW.CENTURY21SHOOKS.COM


#34 3/3/2 Golf retreat. This home features beautiful hand scraped wood floors, custom cabinetry, granite counter tops to name just a few! Large luxurious master retreat. $349,500

#35 3/2.5/2 Completely furnished. Colorado lodge like decor. Large covered porch across the back of the house. Beautiful views of nature. Game room with pool table. $329,000

L U X U R I O U S M A S T E R

C O M P L E T E LY F U R N I S H E D

#51 3/2.5/3 This home features a family room, game room, eat-in kitchen, and a formal dining room-study option, wood floors, & bronze hardware. $309,900

G R E A T F A M I LY H O M E

B E A U T I F U L L A N D S C A P I N G

#26 3/2.5/2 Exquisitely updated home in DeCordova Bend. The yard is a master gardeners dream. The interior is equally gorgeous. $299,000

#52 3/2/3 This home features open floor plan, split bedrooms, granite counter tops, wood floors, bronze hardware, tankless water heater, & a walk-in shower. $309,900

O P E N C O N C E P T

S O L D !

#192 5/3.5/2 Beautiful custom home on 2 acres with amazing salt water pool oasis! Open living and kitchen with windows overlook-ing pool! Chef’s delight kitchen with gas stove. $357,200

O P E N L I V I N G


TAMMYE RUSHING, Realtor®

Managing Partner Century 21 Shirley [email protected]

ELIZABETH HERZ, Realtor® [email protected] 817-902-9852

JANELLE TUUK, Realtor® [email protected] 817-578-0455

SCOTT ASHFORD, Realtor® [email protected] 682-444-3700

TERI DANIELS, Realtor® [email protected] 682-500-2165

PAULA ALLISON, Realtor® [email protected] 817-964-8264

CENTURY 21 SHIRLEY HOOKS GROWS AGAIN!

The Century 21 Shirley Hooks real estate professional team continues to grow. Our mission is to enhance the lives of all people

that come into contact with our company by providing extraordinary service and expertise in all that we do.. We have added the

following professionals to meet the needs in specific target areas.


THE MORTGAGE MINUTE WHAT DETERMINES THE MORTGAGE RATE?PART 1

GRANT D GRIGGSTexas Licensed

Residential Mortgage Loan OriginatorNMLS #843835

Gateway Mortgage Group, LLC669 Airport Freeway, Ste. 306 • Hurst, TX 76053

817.368.3052 mobile817.484.6635 office • 1.855.854.7461 fax

[email protected]

PAID ADVERTISMENT

Probably the number one question mortgage professionals get asked is “What is the current rate?” It is usually followed with some type of question as to what the rate will be in the month or two to come. There are a lot of factors which determine the mortgage rate. Some are outside the borrower’s control and some the borrower can directly impact. This month we will focus on those that are outside of the borrower’s control. In general, the mortgage rate is set by the mortgage bond market known as Mortgage Backed Securities (MBS). Each day rates are published and can change throughout the day based on MBS. Here are some of the general factors that can influence rates: 1. Inflation – Rates will increase and decrease based on the overall cost of goods and services. The higher the cost of goods and services, the less valuable the money being made in the bond market becomes. Therefore, the rate will increase to help cover the higher cost, and vice versa. 2. The Federal Reserve – Since 2008, the Fed began to purchase mortgage bonds to create confidence after the housing market crash. This has helped keep rates at historic lows over the past several years. NOTE: The Fed has announced that it will end its bond purchase in October of 2014. There should be an increase in the interest rate over the next few months. 3. Unemployment – Inflation tends to counteract the unemployment rate. When the unemployment rate goes up, inflation and rates tend to go down. When unemployment goes down, then rates tend to rise. Keep in mind that unemployment rates do not always factor in those working part-time jobs who desire a full-time job. 4. Gross Domestic Product (GDP) – The GDP measures the economic output of the country. To encourage people and businesses to borrow money, the Federal Reserve slashes short-term rates when GDP slows. When GDP gets too hot, there might be too much money floating around, and inflation usually picks up. So, high GDP ratings warn the market that interest rates will rise to keep inflation concerns in balance. 5. Geopolitics – Major events around the world can also have an impact on the interest rate. Global conflicts, political events, and natural disasters tend to lower rates. Investors tend to move more of their funds to more stable investments such as bonds.

All of these can have an impact on the rate. When these factors seem to be at odds, rates can become volatile. Trying to hit the market at the right time can be a bit tricky. Being aware of these few external items can help determine the best time to lock. In general, “playing the market” tends to have little advantage with rates being near all-time lows. With the change coming by the Fed, finding a house and locking now tends to be the prevailing opinion.

If you would like to know the current rate, simply fill out a loan application online at www.loansbygrant.com or contact Grant directly at 817-368-3052.

Next month: How borrowers can impact their own interest rate.


DONNA HUDSONREALTOR®

[email protected] 817-228-5756

OPEN HOUSES A THING OF THE PAST? NO WAY!

Are open houses an old fashioned, ineffective way to market a

home? Not in my book! By combining online advertising, directional

signs and yard signs, I am able to call attention to my open houses and

get results, real results that allow me to bring contracts to my sellers in

short order.

How does one know if his/her property is a good candidate for an

open house?

1. Consider the location. Is the home remotely located? Is it in

a gated community that limits accessibility to the general

public? Many home owners associations limit entrance to guests

of the property owner. If these are your challenges, an open

house may not be the right way to market your property. But,

don’t give up just yet! Your agent could host a broker open house

and invite agents from the area to view your home.

2. Show Ready Home. The property must be show ready

inside and out. Be sure your property is super clean, decluttered

and in excellent repair. Remove all pets, their food and water

bowls, toys, and beds from the home. Also, pay attention to curb

appeal. Colorful flowers, fresh mulch, and a freshly painted front

door are easy ways to grab a buyer’s attention and make them

want to see more.

3. Understand market statistics! Review market statistics with

your agent to determine the right price. Overpriced homes do not

sell--no matter how many buyers walk through them.

Successful open houses are just one point in a targeted market plan

to sell your home. I use a 10-point marketing plan that has proven

successful over the last 10 years. If you are

thinking of listing your home, consider open

houses. They work if done correctly!

by Donna Hudson


855-482-9990 WWW.CENTURY21SHOOKS.COMLOTS & LAND

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MLS#: 11959306 Gorgeous acreage with high beautiful views. From the back you can see Johnson County. Space on one side up front for 6 RVs, all rented. Place for 4 more. Income is $1650 month. $199,921

MLS#: 12085167 Level 2.774 acres with access from Loop 567 to Rich-mond Road. Zoned IH interim holding for future zoning. Great location for rental property or light commercial. $400,000

MLS#: 12135829 1.887 acres plus an additional .205 acres at corner of Pearl Street and new State Hwy Loop 426. Fantastic location, great traffic, across from lake, convention center and Waterview living facility. $848,000

MLS#: 11854902 BEAUTIFUL LARGE TREES LOCATED ON PROPERTY, FRONT OF PROPERTY WAS COAST-AL AND REST IS NATIVE LAND. AWESOME PLACE FOR BUILDING AND WOULD BE GREAT FOR HORSES. $37,000

MLS#: 11855041 WHAT A WON-DERFUL LOCATION TO BUILD YOUR DREAM HOUSE. THE VIEWS FROM THIS PROPERTY OF OPEN WATERS ON LAKE COMANCHE ARE SPECTAC-ULAR. $65,000

MLS#: 12142879 46 acres, barbed wire fence, Heavily forested, grassy areas. Rolling land, frontage Hwy 108 N. There is a 2nd parcel I.D. R000026042.Good for seclusion, hunting. $266,880

MLS#: 12036040 Peaceful, secluded, great horse property 40+ or - acres located between Granbury, Stephenville,& Glen Rose. $319,800

MLS#: 12092432 5 acres (Includes R11007)of scenic property w fantas-tic views on Hwy 6 between Meridian and Iredell. $419,000

MLS#: 12113550 This is a fantastic opportunity to develop a beautiful lake front property on Lake Granbury. It is currently zoned for single family home development, but the zoning

can be changed to fit your develop-ment plans. $1,400,000

MLS#: 12191109 Double wide manufactured home site or site-built home site in lakefront neighborhood. Subdivision has boat ramp, park area with restrooms & showers, & fishing pier for lot owners use. $6,000

MLS#: 12048048 Future site of your new home! Around the corner from Adams Elementary! $9,500

MLS#: 12150109 Decordova Bend Estates is a beautiful gated golfing community including two golf cours-es, country club, tennis, pool and playground. $12,000

MLS#: 12193194 Nice level building lot in desirable DeCordova Bend Estates. DCBE is a beautiful gated golf community that includes 2 golf courses, country club, tennis, pool and lake access. $21,500

MLS#: 12150136 Cheapest spot in the nation to live and play golf free.

Build your dream home. Few lots left in this beautiful gated golfing community. $24,000

MLS#: 11857021 Waterfront lot for site-built home only! Just minutes from historic Granbury square with all its shops, festivals, and restaurants! 87’ of water frontage! $35,000

MLS#: 12048799 Beautiful level lot, prime location in The Retreat. Building site backs up to small lake. The Retreat is a beautifully main-tained private gated community with security. $36,000

MLS#: 12181466 Building site at front of property is elevated and drops approx. 6 ft. Rest of property flows gently to Long Creek. Septic tanks and laterals, plus water tap have been installed. $45,000

MLS#: 12139544 Great Lot in a very upscale development, Come enjoy the country club in a Golf community. $48,000


#2 3/3.5/3 Beautiful home in Pecan Plantation on the 17th fairway. Spectacular views of course and pond. Enjoy your view from your new pergola. $379,000

S P E C T A C U L A R V I E W S

RESIDENTIALSEE PAGE 2 FOR DETAILS WWW.CENTURY21SHOOKS.COM

L A R G E K I T C H E N

#1 3/2/0 Wood laminate flooring with carpeted bedrooms. Air conditioner. 12 Inches extra insulation in ceiling. Large kitchen with all appliances .Condo members pool. $75,900

#3 4/3/2 Home with wide open spaces, hand scraped hardwood floors, massive stone fireplace, high end appliances, granite counters, & knotty pine cabinets. $575,000


T O T A L LY R E M O D E L E D !

#4 3/2/0 Totally remodeled lake home with all new appliances and all the works! Has a storage building and a carport. There is a nice covered patio right on the water. $139,900

#5 3/2.5/3 Beautiful brick home built by Torrey Moncrief located in small up-scale gated area. Open floor plan with beautiful cupboards and built-ins. $299,999

B E A U T I F U L B U I LT - I N S

#6 3/2.5/0 One owner custom built Stone home on 30 acres. Features include fully covered porches. Oversize carport with storage. Gourmet kitchen with huge island. $579,000

G O U R M E T K I T C H E N

N E W P A I N T I N S I D E & O U T

#7 3/2/2 Bring all reasonable offers. Great home on Ft. Worth side. New interior and exterior paint, new carpet and the roof will be replaced before closing. $107,000

#8 3/1/0 Excellent location for investment property OR great for first time home buyers! Central Heat and Air, roof has been replaced in last in 6 years. $49,500

G R E A T I N V E S T M E N T

#9 3/1/0 Great getaway nestled in the trees! Nice flooring throughout. Large kitchen with appliances, nice bathroom, utility room with extra space, and an outdoor patio. $55,000

G R E A T G E T A W AY

F A B U L O U S K I T C H E N

#10 3/2.5/2 Remarkable customized home with a beautiful yard. Fabulous kitchen with double ovens with extra work space and island plus tons of cabinets. $199,900

#11 2/2/2 Carefree living in a luxury condo-townhouse in Harbor Lakes golf community. Close to clubhouse. Living area has gas fireplace and opens to covered porch. $249,000

C A R E F R E E L I V I N G

#12 5/3/0 Updated home with hardwood floors, granite count-ers & newer windows. Master features a large walk in shower & huge closet. Great for horse trainers! $465,000

U P D A T E D


#14 3/3.5/2 Large rooms, an indoor heated pool, his and her bathrooms in the master with a jetted tub and walk-through steam shower, an elevator to the second floor. $544,000

B U I LT - I N S G A L O R E !


L A R G E L O T

#13 4/2.5/3 Beautiful home on large lot in up-scale gated Timber Cove. Interior features large open kitchen with breakfast bar. SOLD

#15 2/2/2 This is a wonderful golf course home that is on the 13th hole in Pecan Plantation. New hard wood floors, roof, sprinkler system and appliances. $162,900

G O L F C O U R S E

D R E A M K I T C H E N

#16 4/3/3 Golf resort, custom built home with scenic views of one of the best rated private golf courses in Texas. Beautifully designed dream kitchen with lovely granite & island. $385,000

#17 3/2/2 One of a kind Craftsman style waterfront home in Old Town. Walking distance to the square, city beach, and everything that Granbury has to offer. $300,000

W A T E R F R O N T

#18 3/2.5/2 Priced to sell! Luxurious stone-front home with two stately columns, quiet cul-de-sac. Beautiful slate and travertine floors downstairs. $249,000

B E A U T I F U L F L O O R S

C U S T O M B U I LT

#19 2/2/4 Custom built with every amenity including 4+ acres of beautifully landscaped land, constant level, deep spring-fed pond with water feature. 1200 sq. ft. shop with office. $249,000

#20 3/3/2 Huge totally remodeled home for the money! On 3 lots, 2 car garage, 12x16 storage bldg, workshop, nice covered front porch. New AC OUTSIDE UNIT 1 YR OLD. $89,900

T O T A L LY R E M O D E L

#21 3/3/0 Wood burning fireplace, sun porch, large rooms and separate mother-in-law suite with second kitchen and gor-geous full bath. $135,000

M O T H E R - I N - L A W S U I T E

O P E N F L O O R P L A N

#22 4/2.5/3 Open floor plan features a spacious family room & island kitchen with granite, breakfast bar & large walk-in pantry, plus a Large Game or Media Room. $299,000 SOLD

#23 3/3/2 Designer finishes and amenities. Chefs kitchen open to the living and entertaining area highlighted with a brick fireplace and soaring 22 ft ceilings. $266,310

D E S I G N E R F I N I S H E S

#24 3/2/2 Great ranch style country home on nearly 5 acres of land! Decorative lighting, lots of crown molding all over, stained concrete floors, & granite counter tops. $254,900

R A N C H S T Y L E

S O L D !

S O L D !


#26 3/2.5/2 Exquisitely updated home in DeCordova Bend. The yard is a master gardeners dream. The interior is equally gorgeous. $299,000

B E A U T I F U L L A N D S C A P I N G


D U A L V I E W S

#25 2/2.5/2 View’s of the golf course & the lake from both living areas. You can enjoy the morning sunrise or the evening shade from the balcony. $249,000

#27 3/2/0 Rustic home! Stone wood burning fireplace, beau-tifully stained custom cabinets, granite kitchen and bathroom counter tops. $179,000

F A M I LY H O M E

P L E N T Y O F C A B I N E T R Y

#28 3/2.5/0 Plenty of cabinetry in the kitchen, ceramic tile in the living area, large bedrooms all upstairs. $115,000

#29 Spacious 4 bdrm, 3 bath home has 2nd living area & up-stairs study-guestroom. The large balcony provides a beautiful view of the pool, large yard & Nutcracker golf course. $345,000

2 L I V I N G A R E A S

#30 3/1/0 Bring your investor to this cute little home on a large lot, featuring a fenced yard, and detached storage. Home has a nice open feel with surprisingly large bedrooms. $59,900

G R E A T I N V E S T M E N T

L O T S O F S T O R A G E

#31 4/3/2 Home has a breakfast bar and large dining area. Great floor plan with wood flooring and lots of storage. Kitchen has gas appliances. $246,000

#32 3/2/2 Beautiful home with open concept on Lake Granbury. 2 living areas, each with fireplace! Wall of windows overlooking canal in second living. $210,000


#33 4/2/2 Very nice canal front home, with fresh paint and new flooring throughout the home. $144,500

F R E S H P A I N T

L U X U R I O U S M A S T E R

#34 3/3/2 Golf retreat. This home features beautiful hand scraped wood floors, custom cabinetry, granite counter tops to name just a few! Large luxurious master retreat. $349,500

#35 3/2.5/2 Completely furnished. Colorado lodge like decor. Large covered porch across the back of the house. Beautiful views of nature. Game room with pool table. $329,000

C O M P L E T E LY F U R N I S H E D

#36 On 17+ acres. This is a great piece of property whether it be for pleasure, training or raising animals! Large 4-3 rustic custom interior designed home. $309,999

1 7 + A C R E S


#38 3/2/2 Very nice ranch style home. Has a carport for RV parking, plenty of room for your garden, open floor plan and a short drive from the square. $169,900

P L E N T Y O F R O O M


B E A U T I F U L LY L A N D S C A P E D

#37 5/3/2 Plantation shutters throughout, granite counter tops and huge island in spacious kitchen and floor to ceiling stone fireplace! Beautifully landscaped. $345,900

#39 3/2 Full-2 Half/2 Master retreat has built in window seat with storage, his and her closets and a storm safe room. Family room with electric fireplace. $280,000

S T O R M S A F E T Y R O O M

S P A C I O U S

#40 4/3/2 Spacious and well cared for home with vintage feel, located at end of cul-de-sac, on golf course lot. Home features large rooms with walk-in closets. $230,000

#41 1/1/0 Condo with a panoramic lake view sitting on the back porch. Selling fully furnished with all decorations, furniture, & TV. $61,000

P A N O R A M I C L A K E V I E W

#42 4/4/3 Executive home. Has all the upgrades & top end finishes. Chefs kitchen with commercial range. All baths with marble flooring. Office built for a CEO. $649,000

E X E C U T I V E H O M E

L A R G E F A M I LY R O O M

#43 2/1/0 Beautiful kitchen with granite, stainless steel appliances and island. Open concept to formal dining. Large family room. $95,900

#44 2/1.5/0 Two bedrooms and one and half baths, nice kitchen with appliances, great covered patio for entertaining. $129,900

P A T I O F O R E N T E R T A I N I N G

#45 3/2/2 Central air and heat to sun room or second living area, circular drive, fenced yard, nice patio, and extra large living area and master bedroom. $169,000 SOLD

L A R G E L I V I N G A R E A

S H A D Y C O R N E R L O T

#46 3/2/2 Home located on a pretty shaded corner lot. Home features large family room with fireplace. Galley kitchen with all the appliances. $117,500

#47 3/2/2 Move in ready! Fresh paint, New tile in entry & utility room. Great floor plan with split bedrooms. $149,900

M O V E I N R E A D Y

#48 This 3-3-3 home with office is being sold furnished and includes everything except a few personal items & family heirlooms. Back of house has afternoon shade. $425,000

F U L LY F U R N I S H E D

S O L D !


#50 2/1/1 Investors dream! Great Location, close to downtown and minutes from the river. This house has great potential! $44,900

I N V E S T O R S D R E A M


G R E A T A M E N I T I E S

#49 3/2/0 Home in the country with amenities at an affordable price - look no further! Huge wrap-around porch, metal storage building with electricity. $89,545

#51 3/2.5/3 This home features a family room, game room, eat-in kitchen, and a formal dining room-study option, wood floors, & bronze hardware. $309,900

G R E A T F A M I LY H O M E


#52 3/2/3 This home features open floor plan, split bedrooms, granite counter tops, wood floors, bronze hardware, tankless water heater, & a walk-in shower. $309,900

#53 2/2/0 Very cute single wide mobile home on a little over a half acre. New flooring throughout the home. Circle drive, large living area with breakfast bar. $79,900

C U T E H O M E

#54 2/1/0 Quaint rock and stone farm house on 13 plus acres. Lots of potential for this acreage, that also fronts Tin Top Road. $162,500

Q U A I N T F A R M H O U S E

C L O S E W A L K T O T O W N

#55 2/1.5/0 Unique lake front property, with a two level boat dock. Plenty of room for your RV. Close to the City Beach and the square in downtown Granbury. $119,500

#56 4/2.5/2 Very nice two story home on 2.5 acres. Diving pool in back yard with plenty of room to entertain. Fourth bedroom upstairs could also be used as a game room. $310,000

M A D E F O R E N T E R T A I N I N G

#57 4/2.5/2 From the moment you walk into this updated home you will feel the warmth. Soaring ceilings, soft colors, and tiled flooring. Master bedroom and bath are huge. $299,900

L A R G E M A S T E R

C U S T O M B U I LT

#58 3/2/0 5.56 treed acres with custom built modular home with 6 inch studs, foam insulation in ceiling, walls, and floors. Shop is steel & insulated with separate office. $159,000

#59 3/2/1 Large fenced backyard with storage shed. Home has had a new roof, exterior paint, windows, laminate flooring, & tile all within the last year. $95,000

M A N Y U P D A T E S

#60 4/3/2 Amazing property with guest house with kitchenette, full bath, 2x6 exterior walls. Barn-workshop or 3 garage 2 stalls for horses or turn them into outdoor living space. $399,000

A M A Z I N G P R O P E R T Y


#62 3/3/0 Rare find! Beautiful home on 10 acres with a barn stable. Outstanding features of this home include custom tile work, a claw foot tub, a rock walled shower. $279,000

R A R E F I N D


C O U N T R Y H O M E

#61 3/2/1 Neat as a pin, country home located on approxi-mately 4 acres. Enjoy your coffee each morning on your patio or in your gazebo! $150,000 SOLD

#63 3/2/4 This property is a fantastic home with 3 large bed-rooms, 2 baths, and huge open living-dining-kitchen. Heavily treed. Fenced. 5.4 acres with a loafing shed. $449,000

O P E N L I V I N G

C U T E & C L E A N

#64 3/2/0 Cute, clean well maintained home on channel of lake. This property has it all. Kitchen has lots of cabinets for storage. Den has gas fireplace and book shelves. $137,000

#65 3/3/3 This home has it all! 250 water front, salt water pool, boat dock with lift, outdoor kitchen, wine closet, large pantry, breakfast bar, wet bar, study, & game room. $699,900

M U S T S E E !

#66 4/3/3 From the large back porch enjoy fantastic views of golf course, lakes, and afternoon shade. Open concept home is light & bright & excellent for entertaining $362,500

F A N T A S T I C V I E W S

G U E S T H O U S E

#67 5/2/0 Usable 17 acres estate. 5 bedroom home, pool & guest house. Solar heated salt water pool, covered patio area for entertaining. $344,500

#68 3/2/2 Super cute three-bedroom two-bath brick home with eat-in kitchen and formal dining, large living room with wood burning fireplace. $139,500

W O O D B U R N I N G F I R E P L A C E

#69 4/2/0 Remodeled home, with new refinished wood flooring, new windows, new metal roof and new covered deck out back. Bathrooms have tile and look new. $119,900

R E M O D E L E D

L A R G E B E D R O O M S

#70 3/2/2 Great open floor plan including office, huge master, large bathrooms, great storage area, large fenced yard with cross fence for dogs, mature trees, golf cart garage. $159,900

#71 4/2/2 Awesome second living area. This home is move-in ready. Attention to detail. See to believe the features of this home at this price. $239,000

A T T E N T I O N T O D E T A I L

#72 1/1.5/0 Austin Stone electric fireplace for those chilly nights. Large bedroom with walk-in closet. Covered patio with views of the golf course and pool. $65,000

G O L F C O U R S E V I E W


Hood County is at an all time high for commercial real estate

growth. Within the last forty years there has not been a time that the

development of new business and construction of new facilities has

reached the level we see it now. Hood County is growing, and there

seems to be a new business springing up in every direction. Highway

377 East is the hotbed of new growth, but there is opportunity in

every direction.

The great part of the new growth is the fact that it is a

diversified growth with many types of development seeking out the

best properties for their plans. We have new car dealerships, grocery

store chains, new restaurants, new office buildings, and real estate

developments that are going to hit their stride in 2015. A new Stripes

convenience store is also in the works for South Morgan Street.

Some of the existing businesses are planning on a move to larger

facilities for 2015. There is opportunity at this time for real estate

investment to meet the future demands for that next commercial

project. The addition of the new LOOP 567 connecting East Pearl

Street/ Business 377 to Hwy 51 North opens up a number of raw

land locations for new development. Some of these properties have

great lake frontage tracts that will work for many different types

of development.

The continued Loop West of Hwy 51 North to Highway 377 West

is wide open for new development. There are many types of

properties - - both residential and commercial properties - - available

in this area. The existing Industrial development complex is reaching

out for new businesses. Expansion opportunities abound in Granbury,

so present your client’s plans to the city.

In addition, the extension of the Granbury Airport runways and the

updated plans for the airport facilities will be a real plus for bringing

new business to Hood County. Many smaller industrial businesses

depend upon private airplanes for quick travel to other parts of Texas

and adjacent states rather than commercial airlines.

THE COMMERCIAL BOOM IN HOOD COUNTY

by Don Eichler

DON EICHLERBroker Associate

[email protected]


PAID ADVERTISMENT

TITLE TIDBITS WHAT IS A TITLE SEARCH?by Star Tull

Title insurance companies have protected the American dream of

homeownership for more than a century and the behind-the-scenes

work of title insurance agents ensures the quick and secure transfer of

land, giving consumers and lenders confidence in their investment. On

closing day, a homebuyer not only attains ownership of a property, the

buyer also walks with the assurance that his interest in the property is

protected. This is all achieved through the professionals working in the

land title insurance industry.

When someone purchases a home, how can they be sure that there

are no problems with the home’s title and that the seller really owns

the property? Problems with the title can limit a homeowner’s use and

enjoyment of their property, as well as bring financial loss. That is the

purpose of a title search and title insurance.

What happens if a problem arises after a homebuyer moves in?

This is an additional benefit provided by the title insurance industry. An

Owner’s Policy of Title Insurance remains in effect for as long as the

policyholder (or their heirs) owns the property that is insured. A claim

could actually be filed 50 or 100 years after the policy was issued. And

an Owner’s Policy covers legal expenses involved in defending the title

on behalf of the homeowner.

Let’s face it — a homebuyer certainly has more than enough to

think about during the closing process when purchasing a new home.

An Owner’s Policy provides peace of mind that comes from knowing

their investment is protected.

The American Land Title Association helps educate consumers

about title insurance so that they can better understand their choices

and make informed decisions. Homebuyers, regulators, and legislators

are encouraged to check out the website, www.homeclosing101.org, to

learn more about title insurance and the closing process.

I have been in the Title Industry for almost eighteen years and I pride

myself on keeping up with the industry changes as does Porter Title, We

want to be more than your Title Company, we want to be your Partner

in the closing process, We realize purchasing a home is one of the most

important things you will ever do. For more

information feel free to contact us.

Porter Title- 817-578-2000 or

[email protected]


We property managers are a pretty smart bunch. If we’re any good

in the business, we’ve learned about (read: internalized) the typical

events between landlords, tenants, and property managers that may

come up on any given day. We have rules, and we stick to those rules,

or we risk watching our businesses crumble. The property manager

who survives for more than 5 years in the business knows what to

expect, and how he’ll react to it, when it shows up.

For example, the tenant who can’t pay rent. It’s a one-time deal.

Just a glitch, in an otherwise-perfect payment record… until it’s not.

3 days late last month, and 4 days this month. What’s going to happen

next month? Odds are, we’ll have to serve notice, before we get the

rent money.

Or, how about the owner who hates to pay for stuff? Have you ever

had one of those? You know, the one who doesn’t think it’s really nec-

essary to inspect the chimney every now and then. After all, it’s never

been a problem before. Why invite trouble? As savvy property manag-

ers, we know the owner’s failure to keep up with routine maintenance

is a pretty strong indicator of future behavior. This will be an owner

who will fight you on every expense.

WE’RE RIGHT, RIGHT?

Maybe. But, instead of assuming we know what’s coming next,

it might be worth taking a closer look at the situation. Perhaps, the

tenant just lost his job, but has a new job in the wings. It might take

him a month or two to get back to on-time payments. We know that,

should this $1,200/month property become vacant, it’ll cost our owner

at least $1,200 in expense. Even if the property is occupied again

within a month, we still have lost rent, advertising, leasing, and likely

cleaning expenses. That’s $100/month, over a 1-year period. Does it

change the way we deal with the in-place tenant? It might.

Perhaps, the owner who doesn’t want to pay for work on the prop-

erty simply doesn’t realize the importance of preventive maintenance.

Have we explained it in a way she can understand? Have we compared

the cost of chimney cleaning and inspection to the cost of a major

repair, or worse, a fire? Our owners rely on us for our expertise

and guidance. If we’re not guiding, can we reasonably assume the

owner/client refuses to be led?

ASSUMPTIONS

Those of us property managers knows what a challenge it is to

avoid making assumptions in the day-to-day business of property

management. Taking just a moment to open our minds to possibil-

ities beyond our knee-jerk assumptions will often result in positive

outcomes – outcomes we ordinarily would not have expected!

Got comments? Observations? Will you share, please, by leaving a

comment at [email protected]

Thanks for reading!

NEVER MAKE ASSUMPTIONS AGREEMENT #1 FOR THE SUCCESSFUL PROPERTY MANAGER

by Gina Mitchell

GINA MITCHELLREALTOR®

Property [email protected]

432-940-5993www.rent i t r ightatcentury21.com


Committed to Excellence. Exceeding Expectations.

All loans subject to credit approval. Rates and fees subject to change. Mortgage financing provided by PrimeLending, a PlainsCapital Company. Equal Housing Lender. © 2014 PrimeLending, a PlainsCapital Company. PrimeLending, a PlainsCapital Company (NMLS: 13649) is a wholly owned subsidiary of a state-chartered bank and is an exempt lender in TX. V070213.

Call today to discuss your purchase or refinancing needs.

Working together with you and with each other, we want to help establishcommunity roots that grow deep and wide. As lending professionals, weknow the local housing market as well as we know how to get to the localmarket.

In our profession, we want to help you with the big decisions about your future home; as your neighbors, we simply want to point you in the right direction.

Shaundra HardtMortgage Banker

682.365.3700

[email protected] Santa Fe DriveWeatherford, TX 76086NMLS: 419421


COMMERCIAL & ACREAGE 855-482-9990 WWW.CENTURY21SHOOKS.COM

F A N T A S T I C L O C A T I O N

#101 1.887 acres plus an additional .205 acres at corner of Pearl Street and new State Hwy Loop 426. Fantastic location, great traffic, across from lake, convention center. $848,000

#100 Level 2.774 acres with access from Loop 567 to Richmond Road. Zoned IH interim holding for future zoning. Great location for rental property or light commercial. $400,000

#97 Two story office building with eight (8) offices and a large conference room. There are two offices and two restrooms and a small kitchen upstairs. $298,000

#709 This is a fantastic opportunity to develop a beautiful lake front property on Lake Granbury. It is currently zoned for single family home development, but the zoning can be changed. $1,400,000

L A K E F R O N T P R O P E R T YO F F I C E S P A C E

S E V E R A L P O S S I B I L I T I E S

#708 20 acres. Located in a gated community, this twenty acres is heavily treed and populated with turkeys and other wildlife. Beauti-ful views abound from this wonderful property. $190,000

G A T E D E N T R A N C E

#818 15+ acres. Mostly level to rolling with entrance off Hwy 4 just pass the veterinarians office. There is also access off Thorp Springs Road at the intersection of Thorp Springs and FM 4. $147,500

L E V E L T O R O L L I N G A C R E S


10THINGS YOU NEED TO KNOW ABOUT BUYING FORECLOSURES

by Stephanie Eoff

The appeal of a foreclosed property is often found in the hidden potential that a home is thought to possess. The fact that it can be purchased at a price that is often far less than the current market value is an equally attractive incentive to most buyers. While foreclosed properties can and often do produce a profitable return, it is important to keep the following in mind: • Not every foreclosure is open to inspection. This means that you may or may not be able to view or evaluate the property. Your decision might have to be based on nothing more than a visual and any information provided in the foreclosure listing. • If a foreclosed property is open to inspection, it will be up to potential buyers to hire an inspector for the purpose of recommend- ing necessary repairs or improvements. This will aid investors in the decision as to how much money they wish to pay for a property by giving them an indication of the work and cash needed to restore it. • If you plan on buying foreclosures while they are still inhabited, either by previous owners or renters, you will be responsible for removing them. In some cases, eviction may even be necessary. • Buying foreclosures means purchasing a property “as is” with no guarantee as to its condition. • Investors who plan on buying foreclosures from HUD are permitted to enter the bidding process if no person(s) wish to bid as an owner-occupant. The initial phase of a HUD foreclosure auction is open only to those who wish to live in the home. • Each state handles the process of buying foreclosures differently. Most states offer a redemption period allowing former owners to regain control of the property by catching up on payments and interest. Buying foreclosures means that you need to be aware of local laws and how they may affect the ownership of a property. • If you require financing, it is important to check with a lender to arrange for a mortgage before placing a bid on a foreclosure. Buy ing foreclosures is similar to the purchase of other real estate in that the failure to complete the transaction may result in the loss of any earnest money provided. • Prior to buying foreclosures, or any other type of real estate investment, do your homework. Homes built before 1978 may contain lead paint, which is why it is important to learn as much as possible about the home’s age and condition before signing on the dotted line. • Successfully buying foreclosures as an investor means knowing the current market value for comparable properties in the area. If you plan to restore the home, you will need to figure in the cost of repairs and calculate a reasonable selling price in order to determine a feasible profit. • Investors considering buying foreclosures can find local listings through realtors, lenders, the U.S. Department of Housing and Urban Development (HUD), the Department of Veterans Affairs (VA) and various other public auctions.

STEPHANIE EOFFREALTOR®

[email protected]


DREAM DEAL™ SEE PAGE 2 FOR DETAILS WWW.CENTURY21SHOOKS.COM


D R E A M K I T C H E NE V E R Y T H I N G ’ S N E W

#138 3/2/2 You will never believe that this house was built in 1975. Gutted to the studs, everything is new and house is beautiful. Even the garage is finished out. $140,400

#16 4/3/3 Golf resort, custom built home with scenic views of one of the best rated private golf courses in Texas. Beautifully designed dream kitchen with lovely granite & island. $385,000

#12 5/3/0 Updated home with hardwood floors, granite counters & newer windows. Master features a large walk in shower & huge closet. Great for horse trainers! $465,000

#17 3/2/2 One of a kind Craftsman style waterfront home in Old Town. Walking distance to the square, city beach, and everything that Granbury has to offer. $300,000

U P D A T E D W A T E R F R O N T

#3 4/3/2 Home with wide open spaces, hand scraped hardwood floors, massive stone fireplace, high end appliances, granite count-ers, & knotty pine cabinets. $575,000

#19 2/2/4 Custom built with every amenity including 4+ acres of beautifully landscaped land, constant level, deep spring-fed pond with water feature. 1200 sq. ft. shop with office. $249,000

O P E N C O N C E P T C U S T O M B U I LT

S O L D !


OUR AGENTS 855-482-9990 WWW.CENTURY21SHOOKS.COM

JUDYADDISON


CAROLE ALFORD


CARLA BANDERA


LISA BURWELL


FREDDIE CRAWFORD


RON DACUS


TAMMY DILL


JUDY DRAGER


RICK DURMON


DON EICHLER


STEPHANIE EOFF


BOBBIE FALLIN


DAN FICK


STEVEN FORTNER


DONNA HUDSON


PATTI JARMAN


REDA KAY


GINA MITCHELL


LINDA NELSON


RAVONDA POTTER


GARY PROCTOR


CAROL RODGERS


KOWEBA SPRINKLE


KARA TOWNS


CARRI TUGGLE


BECKY WHEATLEY


GARY WHEATLEY


JIM WILLIAMS


BILLHOOKS


SHIRLEYHOOKS


ELIZABETHHERZ


JANELLE TUUK


SCOTT ASHFORD


TERI DANIELS


PAULA ALLISON



2 0 1 4TOP

PRODUCINGREALTORS ®

T E A M O F

STEVE FORTNER & CARLA BANDERA

TOP AGENT

STEVE FORTNERREALTOR ®

TOP AGENT

CARLA BANDERAREALTOR ®

E X C E P T I O N A L S E R V I C E & P R O V E N R E S U L T S

[email protected]

[email protected]

real estate advisors magazine - october 2014

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