real estate advisors - may 2014

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

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


TABLE OF CONTENTSLocal Real Estate Market . . . . . . . . . 4Dream Deal Listings. . . . . . . . . . 5, 22Millennials Marketing Plan . . . . . . . . 6Home Listings . . . . . . . . . . 10-15, 20 The Mortgage Minute. . . . . . . . . . . . 7Selecting a Top Producer . . . . . . . . . 8Lots & Land . . . . . . . . . . . . . . . . . . . 9Hot Commercial Deals . . . . . . . . . . 16Title Tidbits . . . . . . . . . . . . . . . . . . 17Property Management Q&A . . . . . . 18Avoid the Burn! . . . . . . . . . . . . . . . 21Contact an Agent . . . . . . . . . . . . . . 23

EdiTOr / PuBLiShErTammye Rushing817-573-8801

OFFiCE122 North CrockettGranbury, TX 76048

AdVErTiSiNGJim Galley

817-559-1511

Real Estate Advisors is a monthly publication with news and advertising

designed exclusively for the Real Estate reader. No reproduction or transmission in any form of this publication 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.

I have watched my Hometown of Granbury grow into a won-derful city to raise a family and a fun and fantastic retirement location. I have always had a passion for buying, renovating, and selling homes. When I started my career in Real Estate I discovered that I could extend my knowledge and experience

to my clients and get to do what I enjoy the most, helping others find a home. I can truly say that I Love Granbury! Proud to be a part of CENTURY 21 Shirley Hooks, Inc. I’m confident that I can help you sell your home or buy the home of your dreams. Call (817) 578-5761 to let me know how I can best serve you.

L ISABURWELLREALTOR ®

APRIL CENTURY 21 SHIRLEY HookST O P P R O D U C E R S

TOP AGENT

Ravonda and her husband, Roger, traveled in 49 states and numerous countries before deciding to call Granbury, “home”. They love the beauty and charm of the area and are excited about working in the heart of Texas. Active members of the First United Methodist Church of Granbury, The United Methodist Mo-torcyclist Enthusiasts, and the Granbury Chamber of Commerce.

Ravonda takes great pride in her work ethics and is dedicated to working with all cli-ents to meet their needs, whether buying or selling real estate. - See more at: http://www.century21shooks.com/agents/item/27-ravonda-potter#sthash.JJTFPZ3J.dpuf

RAVoNDAPOTTERREALTOR ®

TOP AGENT

Specializing in Hood county and the surround-ing 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 specialized 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

HOOD COUNTYDays on market contin-ues to decrease. This month days on market decreased by 18.3% to just 118 days. This number will continue to decrease over the sum-mer months because the supply of inventory to sell has dramatically declined by 19.9% to just 8.6 months! This means that there are more buyers in the market than there are listings to purchase! A further indicator of mar-ket strength is the per-cent of original listing price to sold contract price. The percentage is up slightly by 1.8% with sellers receiving 92.8% of asking price. This statistic is further evidence that hiring the right real estate profession-al and the right company can put more money in the seller’s pocket or take money away. Pricing a home accurately with the best return in mind for the seller is an art and not all real estate professionals have that skill set. If you have thought about listing your home, moving up, or downsizing, this is a great time to do it in Hood County.

JOHNSONCOUNTYThe average list price continues to soar in Johnson County. This is a strong indicator of a strong market that is capable of bringing the most return for sellers. The average list price has risen 10.2% over last year - coming in at $185,263. What’s great about Johnson County is that sellers are now receiving 94.1% of their list price on closed con-tracts! This continues to be a strong indicator of this market. If you want to buy in Johnson Coun-ty, you need to find what you want and make an offer. The supply inventory is dramatically down - by 21.1% to just 5.2 months!

ERATH COUNTYErath County continues to enjoy an increase in the median sales price of homes by 7.9% to $134,900. This is just $100 shy of a $10,000 increase! Closed sales continue to support a very strong market outlook for this county. Closed sales are up by 17.3% over last year!

SOMERVELL COUNTYSomerville County continues to celebrate a significant increase in the average list price, up from last year over 7.2% at $303,232. Sellers in this county receive 92.8% of their listed price! Days on market continues to steadily decrease by 6.6% or 156 days. Somervell is certainly a strong market.

All indicAtors Are strong in reAl estAte! regArdless of the county, reAl estAte isvery strong.


DREAM DEAL™ SEE PAGE 2 FoR CERTIF ICAT IoN DETAILS WWW.CENTURY21SHookS.CoM

B E A u T i F u L LY L A N d S C A P E d

#129 2/2/4 Awesome doesn’t start to describe this wonderful property. Custom built with every amenity including 4+ acres of beautifully landscaped land. $264,000

#120 3/2/0 Perfect location across from elementary and middle schools, walking distance to downtown and in Tolar School District. Has it all and really cute! $120,000

#118 3/2.5/4 Meticulous detail offered in this custom Ann White-cotton home. Warm and cozy feel within personal gated front entrance. Fabulous kitchen serves as center piece for home. $449,000

#215 3/2/2 one of a kind Craftsman style waterfront home in old town. Walking distance to the square, city beach, and all that gorgeous Granbury has to offer. $389,000

#503 5/3/0 Burleson Great home for entertaining with a game room & bar. Updates include wood floors, granite counters, newer windows, siding, and metal shake roof, $482.500

C O N V E N i E N T L O C A T i O N

W O N d E r F u L d E T A i L S

C L O S E W A L K T O T O W N u P d A T E d

#212 4/3/2 on 18 Acres Luxurious Master Retreat & Expansive Covered Porches. The 1-1 Guest House Has A Screened Porch, Saltillo Tile & SS Appliances. Great For Horses. $575,000

L u X u r i O u S r E T r E A T


Born in the mid-1980, Gen Y consumers are in their 30’s. With

over 70 million, Generation Y (aka Millennial) is the fastest growing

consumer segment. The successful sale of a home means: (1) The

home listed at the maximum price for maximum return, (2) The home

sold in the fastest time possible, (3) The real estate professional took

the “bulls by the horns” and managed the list to sold process excep-

tionally well. So, by this definition of “successful sale”, a seller, or

buyer for that matter, must hire a real estate professional that knows

EXACTLY how to market their home to the largest buying pool, the

Gen Y population.

Here is why:

•GenYcomprisesthelargestshareofhomebuyersat31%.*

•GenYhasthelargestshareoffirst-timebuyersat76%.

•GenYislikelytobeonlinefromstarttothefinishoftheir

buying process.

•26%ofGenYfoundthehometheyultimatelypurchasedviaa

mobile device.

Gen Y consumers are tech-savvy. Armed with BlackBerrys,

laptops, cellphones and other gadgets, Gen Y is plugged-in 24 hours a

day, 7 days a week. Property marketing must shadow this “plugged in”

mentality. Real estate professionals should be backed by a nationally

known company that provides marketing programs on all internet

based platforms and all mobile technologies. Gen Y buyers must be

able to find the listed homes in smarter, faster, and bolder ways. It

is not only critical to market the home successfully, once a potential

buyer is “on the hook”, it is critical that your real estate professional

communicate through e-mail and text messaging rather than face-to-

face contact. Gen Y values his/her time and simply will not waste time

working with real estate professionals that don’t communicate in a

“sub second” response mode (email, text, and web).

So . . . This is great data but how do you, the possible seller or

buyer, find real estate professionals that possess these characteristics;

Simple: You find your closest nationally recognized real estate compa-

ny and you ask for a real estate professional that uses the following in

his/her marketing campaigns:

1) Dedicated Home Domains

2) Text Writers

3) Mobile application w/ GPS coordinate features

4) You Tube Tour of your home videos:

Find a real estate professional that will call when required, but

more so one that is extremely comfortable texting updates and

pictures, digitally signing and executing documents, and certainly one

that can conduct business in the nearest local coffee shop.

For the Millennials, the value is “NoW”. . . to reach this consumer, a

marketing plan must exist. It’s simply not an option. Stay tuned for

the next edition of this story, Reaching the “Lost Generation” when

marketing a home for sale.

Footnote: National Association of Realtors March 2014.

A MILLENNIALS MARkETING PLAN: A CRiTiCAL MUST HAvE fOR SELLERS

by Tammye Rushing, Managing Partner

TAmmYE ruShiNGManaging Partner Century 21 Shirley Hooks

[email protected]

Percent in median age Year Born: age in 2013: categorY in grouP

millennials / gen Y / gen next: 1980 - 1995 33 & younger 30% 29

gen X: 1965 - 1979 34 to 48 30 40

Younger Boomers: 1955 - 1964 49 to 58 16 53

older Boomers: 1946 - 1954 59 to 67 14 63

Silent generation: 1925 - 1945 68 to 88 9 72

AGE OF HOME BUYERS(Percentage Distribution)


THE MoRTGAGE MINUTE WHiCH LOAN PROGRAM BEST fiTS YOU Choosing the right loan program is just as important financially as choosing the right house. Many factors come in to play when choosing the right loan for you: Credit history, down payments, gift monies being used, debt-to-income, and total household income are just some of the determining factors used in deciding which loan is right. Let’s review the type of loans:

ConventionalConventional loans are any loan not guaranteed by the government. · Down payments as low as 5% of the sales price · Monthly mortgage insurance required with less than 20% down · Escrow waiver available

FHaThe purpose of Federal Housing Association(FHA) is to provide affordable housing opportunities with low down payments and flexible credit requirements. · The maximum loan limit is $287,500 for 1 unit properties in the area · Down payment as low as 3.5% and seller can pay most closing costs · Mortgage insurance will be required on all FHA loans · Flexible lending guidelines · Can provide up to $35k for repairs (203k)

vaA Veterans Administration(VA) guaranteed home loan is the preferred loan program for active, non-active, Reserve, National Guard, and retired military of the armed forces. · 100% financing is available for these loans · No monthly private mortgage insurance is required · Limitation on buyer’s closing costs. Seller can pay up to 4% of Veteran’s closing costs. · Flexible lending guidelines

USDaThe Rural Housing program, also known as USDA, is for home buyers buying in rural areas. · Designed for low to moderate income · No down payment is required · Low monthly private mortgage insurance · Flexible lending guidelines

If you would like more information about which loan program best fits your needs, fill out a loan application on my website at www.loansbygrant.com or contact me directly at 817-368-3052.

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


YoU kNoW YoU ARE WoRkING WITH A TOP PRODUCERWHEN . . .

. . . the friends of the real estate professional were once their clients. Imagine this: You are driving down the highway and you see a billboard with “Top Producing Agent and his/her picture”. What does “Top Producer” mean? Is there a criterion that governs the use of this description? Aren’t 50% of all statistics based on the “spin” anyway? When speaking of top producing real estate professionals, there is one and only one true measuring method: Referral rate with past clients. If a past client goes out of their way to refer a real estate professional over and over again, he or she is a top producer. So, what characteristics must the agent possess to be a top producer?

•Exceptionalservice. •Provenresults. •Consistent. •Balanceanynumberofclientsatthesametime. •Immediateresponsetoquestions. •Tailorservicestomeetclient’sneeds. •Timemanagementissuperbandalwaysavailable. •Exceptionalcommunication. •Businessbuiltonreferralsandrepeatbusinessfromsatisfiedclients. •Takechargelistingstrategy. •Exceptionalbuyerstrategythatensuresneedsaremetwithmuch more than a chauffeur service from house to house. •Coordinationofallstepsandactivitiesalongtheway,whether buying or selling. •Haveaninstantandcrediblereferralbaseofcontractors,builders, and partners that are needed in the buying and selling process.

The expectations and needs of today’s buyers and sellers areimmediate. A successful professional will have a proven method for minimizing conflicts with clients and other agents. These agents have developed trust from doing more than just getting the listing, putting a sign in the yard, and hoping for the home to sell. They start at the listing process by helping the client understand the market. They evaluate the home and suggest ways to improve the marketability. For their buyers, they not only show homes that are on the market, but have a vast knowledge of homes that may soon be coming on the market. They understand the building process and are familiar with builders who can build that dream home.

STEVE FOrTNErREALTOR®

[email protected]


855-482-9990 WWW.CENTURY21SHookS.CoMLOTS & LAND

The Century 21 Shirley Hooks Staff ready to serve all your Real Estate needs!

MLS# 11855041 Comanche. The views on this property are of open waters on Lake Comanche. There is a large cove that would be suitable for a dock. $65,000

MLS# 11854902 Comanche. Awe-some place for building. Front was costal and back of property is native land. $37,000

MLS# 11802290 Bluff Dale. Two great lots on one of the private lakes in Mountain Lakes subdivision. 2 Lots but only 1 HoA Dues! you have to see this waterfront lot! $99,900

MLS# 11967209 Bluff Dale. over five acres of beautiful residential acreage for your dream home. Great views and native hardwoods. $29,999 MLS# 12018151 Bluff Dale. Beautiful gently sloping lot, level building site about halfway up, nice homes on either side already built, a great loca-tion in this subdivision. $27,500

MLS# 11988251 Bluff Dale. This is a great building lot with over 2 acres in a restricted community. Subdivision offers 2 lakes, pool, clubhouse, RV parking and campsite. $15,000

MLS# 11858541 Bluff Dale. Build your dream home or your weekender on this beautiful 3+ acre lot. $14,900

MLS# 11961883 Granbury. Level lot in Indian Harbor, ready for your site built home. Community has club house, pool,marina, boat dock, parks and more $7,500

MLS# 12103316 Granbury. 5 lots being sold together at the front of Lake Granbury Harbor, lots are considered part of the subdivision, but face and are accessed on Tin Top Hwy $10,000

MLS# 11817582 Granbury. Pie shaped lot on Seminole Trail. Great building site with panoramic view of downtown Granbury. $12,990

MLS# 12013841 Granbury. Level building lot across from Indian Harbor club house and community pool. $15,000

MLS# 12036967 Granbury. Two level lots. Blocks from the marina and teen center. Great gated community with lots of perks. $17,000

MLS# 12054572 Granbury. Beautiful residential lot with nice mature trees on a cul-de-sac. Amenities include

golf course, tennis courts, gated entry with guards. $17,500

MLS# 12049771 Tolar. Great location, right by schools! Large green grass lot for the price! Excellent small school district. $22,500

MLS# 11954884 Granbury. 50x50 camper lot with 40x17 metal RV cover, 10x20 patio cover, 10x16 wood shed. $25,000


LUXURY 855-482-9990 WWW.CENTURY21SHookS.CoM

F O u r B E d r O O m

#135 Beautiful four-bedroom home on Ft. Worth side. on 1.25 acres with circle driveway and porte-cochere. $229,500

#106 3/2/2 Beautiful golf course home with many upgrades. Priced way below replacement cost. Granite, stainless, custom cabinets. Motorized screens on tiled patio with cooking center. $334,900

#112 4/2.5/3 Beautiful home in up-scale gated Timber Cove. Inte-rior features large open kitchen with breakfast bar, cozy fireplace, study or 4th bedroom, and second large living area. $229,000

#240 3/2/2 The kitchen is a chefs delight with hard surface coun-tertops & an island. The back porch is a perfect place to relax and enjoy the serenity of waterfront living. $329,000

#313 3/4.5/2 Large rooms, built-ins galore, an indoor heated pool, his and her bathrooms with a jetted tub and steam shower, & an elevator to the second floor. $544,000

#421 3/3.5/3 Beautiful home on the 17th Fairway. Spectacular views overlooking the golf course and pond. Large master bedroom with his and her bath. oversized three car garage. $379,000

G O L F C O u r S E

W A T E r F r O N T 2 L i V i N G A r E A S

L O T S O F r O O m B E A u T i F u L G O L F C O u r S E V i E W

LISTED & UNDER CONTRACT IN

7 D AY S !


RESIDENTIAL 855-482-9990 WWW.CENTURY21SHookS.CoM

#126 3/2/2 Master Bath With Garden Tub and Walk In Shower. Nice Storage in Hall. Large Utility Room. Fenced Yard with open Patio and Storage Building. $139,000

G r E A T m A S T E r B A T h !

#002 Hardwood floors, nice new light fixtures, wonderful formal dining room, large covered back patio, and a nice heated stove in the living room. $129,900

C O m F O r T A B L E

#109 3/2/0 Charming home has hardwood floors, updated kitchen & bath. Gorgeous back yard on a large lot. $159,999. Also for rent. $1500/month includes Dog and Pool Service.

h A r d W O O d F L O O r S

#409 3/2.5/2 Afternoon shade at back of house to enjoy overlook-ing #3 green of golf course Study overlooking golf course with built in desk exercise room with shower, room for golf cart in garage. $249,900

G O L F C O u r S E G O r G E O u S P A T i O

#222 3/2/0 Totally remodeled lake home with all new appliances and all the works! Has a 10x18 storage building and a 21x18 car-port. There is a nice covered patio right on the water. $139,900

T O T A L LY r E m O d E L E d

LISTED & SOLD IN

3 0 D AY S !

#121 3/2/2 The kitchen has a bar area, the attached dining area has a nook for your desk area with countertop! The patio starting from the back door to the middle of the yard is gorgeous! $120,500



#122 4/1.5/1 Located Just Minutes From The Historical Downtown, Hospitals and Restaurants. Nice kitchen with a breakfast bar.$109,9000

F O u r B E d r O O m S

u P d A T E d K i T C h E N

#504 3/1.5/2 Almost 2 acres on Lipan Hwy just minutes from Granbury. Land is not zoned. Perfect for a home business. $145,000

m i N u T E S F r O m G r A N B u r Y

#162 3/2.5/2 Beautiful backyard with live oak trees, covered patio, and pool. Great for entertaining. Storage shed. Garage has finished plywood walls with workbench. $205,000

B E A u T i F u L B A C K YA r d

#203 3/2/2 Features new carpet, paint. New roof on home, shed, and the boat dock which has been repaired. Fabulous screened porch that overlooks shaded landscaped backyard. $149,900

F A B u L O u S L A N d S C A P i N G

#214 3/2/2 Canal property with nice boat dock. Fresh paint inside and out, newer roof and updates to the kitchen. Large screened porch with view of the canal. $140,000

C A N A L

#003 Fabulous home in well established neighborhood. kitchen has been updated and open to large dining area. Split bedrooms with large walk in closets. $123,000

S O L D !

LISTED & SOLD IN

3 0 D AY S !



O P E N F L O O r P L A N

#131 3/3/2 Wow factor! Spacious, lock and leave lifestyle in this fabulous Garden Home. Designer finishes and amenities. Chefs kitchen open to the living and entertaining area. $279,000

C h E F ’ S K i T C h E N

#137 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 countertops. $264,900

O N 5 A C r E S

#217 3/2.5/2 Lake front property. Great vacation home or perma-nent residence. Located in established neighborhood with shop-ping, dinning and entertainment close by. $249,000

L A K E F r O N T

#110 3/2/2 Crown molding throughout, knotty alder stained cabinets, covered porches, tiled flooring , carpet in all bedrooms, decorative lighting fixtures & ceiling fans. $149,900

W O N d E r F u L d E T A i L S

#104 4/2.5/3 Beautiful home in one of Granburys BEST Lake Front gated communities. open floor plan features a spacious family room & island kitchen with granite & breakfast bar. $299,000

#178 3/2/2 Great home on Ft. Worth side. New interior and exterior paint, new carpet, and the roof will be replaced before closing. $109,000

A L L N E W P A i N T


FARM & RANCH

#515 3/2/3 on 160 Acres one of few large acreage properties in the area close to town. Great property and location with many possibilities. oWNER WILL DIVIDE! $1,986,720

#520 3/2.5/0 one owner custom built Stone home on 30 acres. Ag exempt. Features include fully covered porches, oversize carport with storage, & gourmet kitchen with huge island. $579,000

#004 Wonderful horse property, fenced & cross fenced. New Shef-field No Climb horse fencing. New Low E windows, new wood & tile floors. $195,000

#710 40 Acres Between Granbury, Stephenville, & Glen Rose. Level open field with 5+ or - acres wooded mixture of hardwoods and cedar at front of property, perfect for your dream home. $391,800

W O O d E d

#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. $210,000

L E V E L T O r O L L i N G A C r 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 C O m m u N i T Y

S O L D !

h O r S E P r O P E r T Y

C L O S E T O T O W N

C u S T O m B u i LT h O m E

855-482-9990 WWW.CENTURY21SHookS.CoM


#123 2/2/1 Nice wooden floors, great covered front porch. Would make for a perfect starter home or lease property. $52,500

#140 2/2/1 Very cute two bedroom cottage, with a large back yard, lots of potential and within walking distance of the square. $99,000

#611 3/1/0 Great getaway nestled in the trees. This is a super nice weekender. Nice flooring throughout with large kitchen that comes with appliances. $78,500

#142 2/1/1 Perfect home to downsize into. Large living area. Nice dining and kitchen area that comes with some appliances. Utility room with storage. $69,900

#127 3/3/2 Huge totally remodeled home for the money! on 3 lots, 2 car garage, 12x16 storage bldg, wkshop,nice long covered front porch. New AC. $89,900

AFFORDABLE S T E P h E N V i L L E C u T E C O T T A G E

L A r G E L i V i N G A r E A S h A d E d G E T A W AY

T O T A L LY r E m O d E L E d

855-482-9990 WWW.CENTURY21SHookS.CoM

#005 Adorable, beautifully landscaped, home on cul-de-sac in well established neighborhood. This immaculate one owner home has been well maintained.

i m m A C u L A T E


7 D AY S !


1. Get tHe inSiDe traCk!

To be a player in commercial real estate, learn to think like a profes-

sional. For example, know that commercial property is valued differ-

ently than residential property. Income on commercial real estate is

directly related to its usable square footage. That’s not the case with

individual homes. You’ll also see a bigger cash flow with commercial

property. The math is simple: you’ll earn more income on multifamily

dwellings, for instance, than on a single-family home. know also that

commercial property leases are longer than on single-family resi-

dences. That paves the way for greater cash flow. Lastly, if you’re in

a tighter credit environment, make sure to come knocking with cash

in hand. Commercial property lenders like to see at least 30% down

before they’ll give a loan the green light.

2. Set boUnDarieS

Setting parameters is a top priority in a commercial real estate deal.

How much can you afford to pay? How much do you expect to make

on the deal? Who are the key players? How many tenants are already

on board and paying rent? How much rental space do you need to fill?

3. learn to reCoGnize a Great Deal

The top real estate pros know a good deal when they see one. What’s

their secret? First, they have an exit strategy – the best deals are the

ones where you know you can walk away from. It helps to have a

sharp, landowner’s eye – always be looking for damage that requires

repairs, know how to assess risk and make sure to break out the

calculator to ensure that the property meets your financial goals.

Tune in next month for our discussion of the critical metrics you must

measure and manage to make a commercial real estate investment

a win.

HoT CoMMERCIAL REAL ESTATE DEALS: PART 1

by Don Eichler

Ask any experienced real estate professional about the benefits of investing in commercial property and you’ll likely trig-

ger a monologue on how such properties are a better deal than residential real estate. Commercial property owners love

the additional cash flow, the beneficial economies of scale, the relatively open playing field, the abundant market for good,

affordable property managers and the bigger payoff from commercial real estate. But how do you evaluate the best proper-

ties? What separates the great deals from the duds? This month, let’s look at 3 must haves if you are considering entering

the commercial real estate market.

dON EiChLErREALTOR®

[email protected]


TITLE TIDBITS WiTHOUT TiTLE iNSURANCE, YOU COULD LOSE YOUR HOME If you have recently purchased or refinanced a home, chances are

you had to get title insurance. Why? Title insurance protects you against

problems affecting the title to your home. There are two types of title

insurance—a Loan Policy and an owner’s Policy. A Loan Policy protects

the lender for the amount of the loan, while the owner’s Policy protects

you, the homeowner, for your investment in the property—your equity.

In both cases, the title process covers an exhaustive search of public re-

cords to make certain the title to the subject property is clear, and covers

against future loss if a claim against the property is made.

While discovering an issue with your title can seem rather remote,

one out of every four title searches reveals a problem with the title. Ex-

amples include tax liens, forged signatures in the chain of title, recording

errors, title search errors, undisclosed easements and title claims by

missing heirs and/or ex-spouses.

Even after an exhaustive title search is performed and a title policy

issued, sometimes a problem may surface that can threaten your home.

If you only have a lender’s policy, where the outstanding loan is covered,

your equity is not protected. A separate owner’s Policy would protect

you—for as long as you or your heirs have an interest in the property.

With the recent refinance boom that has occurred over the last sev-

eral years, some homeowners have questioned whether or not they need

a new title policy when they refinance. The answer is, you won’t need a

new owner’s Policy, but a lender will require a new Loan Policy because

a title search must be performed covering the time since the last policy

was issued.

Although somewhat remote, there is the chance that unforeseen

problems might exist such as a mechanic’s lien from a contractor who

claims he/she has not been paid, or a judgment placed on your house for

unpaid taxes. The lender will understandably want to make sure the title

to the property they are financing is clear.

Understanding Title Insurance is key in

securing your rights to your home.

Porter Title - 817-578-2000 or [email protected]

paid advertisment


Try this month’s Q & A.

Let’s see how well you know Housing Regulations.

QuESTiOn: A tenant requested that he be allowed to have an

assistance animal in the rental property as a reasonable

accommodation because he has a disability. The property owner

normally requires a pet deposit. Can the property owner require that

the tenant pay a pet deposit as a condition for allowing the assistance

animal in the rental property?

No. A property owner cannot require a tenant to pay a pet deposit or

any other additional deposit as a condition for allowing an assistance

animal in a rental property. However, a tenant with an assistance

animal will still be considered legally responsible for any damage

caused by that animal.

QuESTiOn: Can i require a photo i.D. from a lease applicant?

Yes, but only use an applicant’s photo I.D. for the purpose of

conducting an actual verification of an applicant’s identity and/or

check on criminal history, rental history, or credit history. Be

uniform and consistent. If you decide to require photo ID from an

applicant, you must require it for all applicants. Never use the photo

I.D. to discriminate against the applicant who is a member of a

protected class.

QuESTiOn: i have three applicants on my rental property. Can i pick

and choose who i want as a tenant?

No, your applicants’ applications must be date and time stamped upon

receipt. This ensures that the first applicant who meets the established

criteria is given the first opportunity to rent.

Today’s consumers are better educated and better connected than

ever, and demands on our so called “free time” are greater than ever.

Most investors did not sign up for the hours of posting ads, taking

calls, showings, processing applications, scheduling repairs, evictions

(if necessary), and the continuing education to stay current on state

and federal laws. They are investing in their dreams. Here at

Century 21 we cater to the dreamers. our clients should feel complete

confidence that their assets bring in maximum income, with minimal

liability, and without complications.

THE MANY REASoNS To INCoRPoRATE A PRoFESSIoNALPROPERTY MANAGEMENT DiviSiON.

Texas Landlord/Tenant Law and Fair Housing has many chapters, amended constantly, and violations can be costly. Most individuals are far

too busy with careers and life in general to stay current on state and federal housing laws. A Property Manager not only keeps the client’s

investments returning dividends, but helps protect them from legal liability.

GiNA miTChELLREALTOR®

Property [email protected]

432-940-5993


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


FOR LEASE 855-482-9990 WWW.CENTURY21SHookS.CoM

P E r F E C T F O r h O r S E S

#1510 Nice 2/2 home with 1/1 apartment. Inside completely remodeled. 5 acres & 3 Stables. Perfect for a renter with horses. Furnished $1200/month. Unfurnished $1100/month.

#1511 2/2/0 Cozy home. Beautiful gardens, 4 tiers of sitting areas for quiet time or bird watching. Large deck for enjoying water views. Large kitchen, lovely furnishings, very clean. Furnished $1295/month. Unfurnished $1050/month.

#1507 Cute townhome within walking distance of the square. Quiet neighborhood, HoA maintains the yard. It has an awesome screened in porch overlooking the community pool & lake. $1100

#1502 3/3/0 Lovely home that is secluded in a 20 acre tract. Must see. Home overlooks Long creek with lots of trees and a fish stocked pond. $2800

#1505 4/3.5/2 There is a boat dock with lift, a hot tub and the yard is fenced. Game room upstairs with a half bath. $2400

#1504 Nice 2 bedroom 1.5 bath. Living and kitchen downstairs and bedrooms upstairs. Beautiful lake view from upstairs bedroom balcony and downstairs back patio. $900

B E A u T i F u L G A r d E N S

W A T E r F r O N T T O W N h O m E

L A K E F r O N T L A K E V i E W

L E A S E D !


AmY SAuNdErSREALTOR®

[email protected]

Are you looking to buy a distressed sale home, but aren’t sure

about how? It is must to find a company that will help you navigate

the process and help you be prepared to act! once a property hits the

market - it usually moves very quickly.

There are different types of distressed sales and each will have a

different

purchase process.

Select a real estate

professional that is

trained and certified

to handle these

properties. At

Century 21 Shirley

Hooks, we are

certified and experienced in:

•FreddieMac

•FannieMae

•HousingandUrbanDevelopment(HUD)

•BankOwnedProperties

•ShortSales

Bank-owned real estate generally refers to just that – bank

owned properties that have been foreclosed. A short-sale property is

one being sold buy the home owner, in conjunction with the lender or

bank, for less than what is owed on the property. With each type of

sale, a lending institution plays a role as the ‘seller’. Because of this,

negotiations are often cut and dry, and it’s the banks way or the

highway. This doesn’t have to be a bad thing – if you know what you

are doing.

Purchasing a bank owned property from any of the channels

above, can offer homeowners great advantages. Distressed sale

properties are not as abundant has they were just one year ago, and

buyer competition has increased. To increase your chances of getting

the home you want at a price you can afford, chose a brokerage

with experince.

Make sure to tune in to next months edition of Real Estate Advisors

where we will discuss the exact steps to follow if you are serious

about buying a foreclosed property.

AVoID THE “BURN” oF iNExPERiENCE!


DREAM DEAL™ WWW.CENTURY21SHookS.CoM

#610 3/2/0 An unbeatable Location in the Heart of Granbury Near Shopping, Dining & The City Beach. This little gem has been pol-ished to perfection! $84,900

#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

#001 Nice 3-2 Fleetwood home on 5.1 acres with above ground decked pool. $129,900

#314 Custom, energy-efficient home in DeCordova Bend! Home was built by Ron Williams and has a great open floor plan and large covered patio. $227,500

C O N V E N i E N T L O C A T i O N

T O T A L r E m O d E L

5 A C r E S O P E N F L O O r P L A N

#104 3234 Crossbridge Circle. Home offers comfortable living with large fenced backyard, sprinkler system etc. $214,921

L A N d S C A P E d


7 D AY S !

LISTED & UNDER CONTRACT

S A M E D AY ! LISTED & SOLD IN

3 0 D AY S !

B E N T W A T E r

#181 4/3/2 Bentwater development. The home boasts large kitch-en-living-dining area. The master has fantastic bath-closet-sun-room. Pool-spa outdoor area with pergola compliment. $499,900

SEE PAGE 2 FoR CERTIF ICAT IoN DETAILS


OUR AGENTS 855-482-9990 WWW.CENTURY21SHookS.CoM

JUDYADDISoN

[email protected] 254-459-9993

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


AMY SAUNDERS


koWEBA SPRINkLE


kARA ToWNS


CARRI TUGGLE


BECkY WHEATLEY


GARY WHEATLEY


JIM WILLIAMS


BILLHookS


SHIRLEYHookS


JIM GALLEY [email protected]

24 Real Estate Advisors Magazine . 855-482-9990 . www.realestateadvisorsmagazine.comA Sagora Senior Living Community

(817) 573-3434 100 Watermark Boulevard, Granbury, Texas 76048

AL# 104023, 104024

Lakestone Terrace and Waterview are set up to provide you with the best meals, activities and wellness programs to help keep you focused on your lifelong goals. At our Sagora Senior Living communities, you can be as active as you want or live your life in leisure. Our dedicated associates are here to help you create the lifestyle you prefer.

Call the communities below to schedule a chef-prepared lunch and learn more!

ALL-inCLuSive Living At A greAt priCe!

Lakefront Homes · Independent LIvIng

assIsted LIvIng · memory Care

WaterviewLife.com

StAy in ControL of your Life

(817) 573-1214916 E Highway 377, Granbury, Texas 76048

Lakefront Homes

Independent LIvIng

LakestoneTerrace.com

real estate advisors - may 2014

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