Real estate eye candy…

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For you regular followers of my blog who think that viewing a sub-$100K investment home is passé, how about this little jewel?  For $1.625M, you get 5,600+ square feet of living space, 4 bedrooms, and 4.5 baths.  The stunning kitchen features 2 dishwashers and a bun warmer (I learned that when you entertain, you need a specific kitchen appliance that keeps buns warm – bread buns, that is).  😉  Every bedroom in this home has a dedicated on-suite bathroom, and the mother-in-law suite is huge!  My MIL would definitely love that…

Situated at the top of a bluff inside of a guarded section of Castle Hills in Lewisville, this home has amazing views of the golf course AND the surrounding area.  Hurry now and grab your checkbooks – I’m told that they’ll consider offers of less than the asking price so if you don’t have the full $1.6M in your bank account, that’s okay.  🙂

Maybe it’s just the fact that I’m a guy, but do you want to know what impressed me the most about this one?  The oversized 3-car garage with finished floors, room for a couple of Harleys, and two massive 100-gallon gas water heaters (the largest ones I’ve ever seen in a home).

Well, now it’s back to reality – have an awesome, productive day everybody!

www.JohnBrooksTheRealtor.com

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Ten steps to home ownership

Since I’m currently working with several first-time homebuyers, I thought it would be good to provide a link to some excellent online material from National Association of Realtors and Realtor.com.  This link will connect you with Step 1 of the 10 Steps to Home Ownership – “Are You Ready?”.  From there, you can read all ten steps.  Home ownership is a big step, so being equipped with info and enlisting the advice of a Realtor go a long way toward making it a positive experience.

Thanks for reading!  Have an awesome St. Patrick’s Day…

Springtime home shopping is in full force…

Hey, everyone!  Here’s my perspective – there’s a great feeling in the air, and the Dallas / Fort Worth area real estate market is heading into a very strong Spring market this year!  I’m really looking forward to helping lots of home buyers take advantage of the robust inventory of available homes AND the lowest interest rates I’ve ever seen.

Here’s a home that I previewed yesterday for one of my clients.  It’s a 1,500+ square foot home in a gated community in Hurst-Euless-Bedford, with beautiful floors and a really nice upgraded kitchen.  It’s situated in the middle of everything, with easy access to the airport and downtown Dallas or Fort Worth.  The HOA takes care of the front yard and maintenance of the community’s pool.  Price?  Less than $160K.

So, at today’s interest rates, with 5% down, the principal and interest payments on this one would be about $700 monthly based upon a 30-year fixed rate mortgage at 4% (plus taxes, insurance, PMI, and HOA dues).  Wow – what a great time to buy, huh?

Have an awesome day!

www.JohnBrooksTheRealtor.com

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“Carrying a $500 balance…

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“Carrying a $500 balance on a $500-limit credit card is bad for your FICO. You’re “maxed out”. Carrying $500 on a $5,000-limit credit card, however, is good for FICO. You’re far from your limit. Keep balance ratios under 30% for best results.”

Want more tips about how to improve your credit score?  Contact me and I’ll email you a two-page handout from Trulia with handy pointers.

FYI, it’s a great time to buy a home!  Recent mortgage interest rates are still sub-4% for the buyers with whom I’m currently working.  So, there’s lots of home inventory out there, interest rates are low, and I see buyers being approved every day.  Hit my website and register for custom home searches and then you’ll receive emailed property listings on an ongoing basis.

Let me know how I can be of help to you or someone that you know.

www.JohnBrooksTheRealtor.com

ready-to-roll investment home : just add tenant

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ready-to-roll investment home : just add tenant

In my quest to find tidy investment homes for my clients (or me), I toured this little gem this afternoon. It’s a very clean and tidy 2 BR, 1 BA, 1 car garage home which feels spacious, has been tastefully updated, has great curb appeal and a roomy back yard with deck. Address is in N. Fort Worth, and it’s situated in Keller ISD near parks and schools.

So, I hear you asking, “how much does it cost in today’s market to become a landlord and build wealth the right way?”  In this case, just under $70K. Since mortgages on investment properties these days typically require about 25% down, that’s about $17K to become a bona fide investor – and don’t forget that interest rates are still so low! By the way, I think the last pre-owned CAR that I bought was more than $17K, and cars go DOWN in value (and rapidly)!  😉

Well, that’s all for now. I’m super-pumped (as always) about the amazing deals out there now. Contact me with ANY questions – I sure like to help…

www.JohnBrooksTheRealtor.com