NE TEXAS Real Estate News

 

1611 Mockingbird Lane
Sulphur Springs, TX
Great 3 bed 2 bath home in Sulphur Springs.




Offered at $90,000 1611mockingbirdlane.iHouseNet.com

HUD Home FHA Case#511-136574 Sold AS-IS. Immaculate 3 bedroom 2 bath brick home in Sulphur Springs, TX. This home has been updated and has much to offer. Granite counters in kitchen, huge formal living room plus a family room off the kitchen, large fenced back yard with wood deck and storage building, attached 2 car garage and much more. This one will not last long at this price. Let's look.


Sherry Dickson & Associates Real Estate Team

Mobile: 903-361-2733
sherrydicksonteam@gmail.com
www.sherrydickson.com





Harold Carter, REALTORS | 2741 E. Price St. | Paris | TX | 75460
Posted by NE TEXAS REALTY GROUP on May 24th, 2018 12:39 PM
 

110 RS County Road 1190
Emory, TX
Nice 3 bedroom 2 bath home in Rains County




Offered at $30,000 110rscountyroad1190.iHouseNet.com

HUD Home FHA Case# 491-760903. Sold AS-IS. Cute country home at the edge of Emory, TX in Rains ISD. This home offers a large front porch and fenced yard. Interior has split bedrooms and open living and kitchen. The garage has been converted for extra living space and master bedroom. Great investment opportunity or starter home at this price.


Sherry Dickson & Associates Real Estate Team

Mobile: 903-361-2733
sherrydicksonteam@gmail.com
www.sherrydickson.com





Harold Carter, REALTORS | 2741 E. Price St. | Paris | TX | 75460
Posted by NE TEXAS REALTY GROUP on May 24th, 2018 12:37 PM
 

105 Springfield
Cooper, TX
Great 3 bedroom 2 bath home in Cooper, TX




Offered at $145,900 105springfield.iHouseNet.com

Great 3 bedroom 2 bath brick home built in 2004. This home is located in the Westowne Subdivision of Cooper, Tx. Nice sized kitchen with island and plenty of storage. Large living room with fireplace. Split bedroom floorplan. Attached 2 car garage, detached workshop with electric and additional lot with access to a shared pond. This home has a lot to offer. Let's look. Sold AS-IS.


Sherry Dickson & Associates Real Estate Team

Mobile: 903-361-2733
sherrydicksonteam@gmail.com
www.sherrydickson.com





Harold Carter, REALTORS | 2741 E. Price St. | Paris | TX | 75460
Posted by NE TEXAS REALTY GROUP on May 10th, 2018 2:36 PM
 

388 County Road 43330
Paris, TX
Great 4 bedroom brick home on 6 acres in Paris.




Offered at $257,500 388countyroad43330.iHouseNet.com

Great 4 bedroom 4 bath home with over 6 wooded acres and large pond in the Golf Club Estates. 30x40 shop building with living area and bathroom, fishing pier, large patio, attached 2 car garage and covered porch. The interior offers 2 living areas, sunroom and kitchen and dining combo. Fireplace in the family room which is open to the kitchen. This home has a lot to offer and is waiting for a new owner. Let's look.


Sherry Dickson & Associates Real Estate Team

Mobile: 903-361-2733
sherrydicksonteam@gmail.com
www.sherrydickson.com





Harold Carter, REALTORS | 2741 E. Price St. | Paris | TX | 75460
Posted by NE TEXAS REALTY GROUP on May 10th, 2018 2:34 PM
 

2899 County Road 2134
Caddo Mills, TX
4 bedroom 2 bath home on 4 acres in Caddo Mills




Offered at $86,000 2899countyroad2134.iHouseNet.com

HUD Home FHA Case#491-894730. Sold AS-IS. Double Wide home on 4 acres in Caddo Mills ISD. This home offers 4 bedrooms and 2 bathrooms. Large kitchen with breakfast bar and appliances. Split bedroom floorplan, walk in closets and much more. Nice country setting with east access to I-30. This one will not last long! Let's look!


Sherry Dickson & Associates Real Estate Team

Mobile: 903-361-2733
sherrydicksonteam@gmail.com
www.sherrydickson.com





Harold Carter, REALTORS | 2741 E. Price St. | Paris | TX | 75460
Posted by NE TEXAS REALTY GROUP on May 4th, 2018 5:49 PM
 

1828 Douglas Street
Howe, TX
Great 3 bedroom brick home in Howe.




Offered at $200,000 1828douglasstreet.iHouseNet.com

HUD Home FHA Case# 513-090976. Sold AS-IS. This is a great 2 story home only 2 years old in a nice subdivision in Howe, TX. This home is move in ready and offer a 2 car garage, large privacy fenced back yard and good curb appeal. The interior offers a large kitchen and dining combo and second living area upstairs. Conveniently located between Sherman and McKinney.


Sherry Dickson & Associates Real Estate Team

Mobile: 903-361-2733
sherrydicksonteam@gmail.com
www.sherrydickson.com





Harold Carter, REALTORS | 2741 E. Price St. | Paris | TX | 75460
Posted by NE TEXAS REALTY GROUP on May 4th, 2018 5:43 PM
 

10163 Panowaka
Wills Point, TX
Nice 2 bedroom home in Panorama Estates




Offered at $58,500 10163panowaka.iHouseNet.com

Cute 2 bedroom 1 and half bath cottage in the Panorama Estates Addition at Lake Tawokoni. This home is only minutes from the community boat ramp. Property is completely fenced for privacy. The interior offers a nice sized living area and split bedrooms. Great for weekend getaway. Sold AS-IS. Submit all offers.


Sherry Dickson & Associates Real Estate Team

Mobile: 903-361-2733
sherrydicksonteam@gmail.com
www.sherrydickson.com





Harold Carter, REALTORS | 2741 E. Price St. | Paris | TX | 75460
Posted by NE TEXAS REALTY GROUP on May 3rd, 2018 3:24 PM
 

4714 Henry St
Greenville, TX
Nice 3 bedroom home in Greenville, TX




Offered at $150,000 4714henryst.iHouseNet.com

Great 3 bedroom 2 bath home in Washington Heights Subdivision. Like brand new! Only 1 year old home with lots of upgrades including granite countertops in kitchen and both bathrooms, large open living area, breakfast bar, split bedroom floorplan, attached 2 car garage, ceiling fans and much more. This home is move in ready and waiting for a new owner. Sold as-is. Submit all offers.


Sherry Dickson & Associates Real Estate Team

Mobile: 903-361-2733
sherrydicksonteam@gmail.com
www.sherrydickson.com





Harold Carter, REALTORS | 2741 E. Price St. | Paris | TX | 75460
Posted by NE TEXAS REALTY GROUP on May 3rd, 2018 3:21 PM

Just Sold Home in Creek Village Addition of Dallas TX

NE Texas Regional Realty has just sold this great home in Dallas TX. Congratulations to our agent Greg Routen in successfully representing his buyers on the purchase of their new home. Looking to Buy Your Dream Home? Let us Help!
                              
  

GREG ROUTEN,REALTOR        

We need more homes to sell. If you know anyone looking to buy or sell, we can help! Call our office or shoot us an email to speak with one of our energetic and courteous agents like Greg.



NE Texas Regional Realty
office 903-361-2733
netxrealtysales@gmail.com

Posted by NE TEXAS REALTY GROUP on April 23rd, 2018 3:57 PM
Just Sold 3/2 with acreage in North East TX


NE Texas Realty Group has just sold this great home in Powderly, TX in only 14 days on market for OVER asking price. Congratulations to our sellers on the sale of their home. Need to Sell Fast? List with us!
                              


We need more homes to sell. If you know anyone looking to buy or sell, we can help! Call our office or shoot us an email to speak with one of our energetic and courteous agents.



NE Texas Realty Group
office 903-361-2733
sherrydicksonteam@gmail.com
Posted by NE TEXAS REALTY GROUP on April 23rd, 2018 3:48 PM

Buying a Home Is Cheaper Than Renting in the Majority of the US

Buying a Home Is Cheaper Than Renting in the Majority of the US | MyKCM

The results of the 2018 Rental Affordability Report from ATTOM show that buying a median-priced home is more affordable than renting a three-bedroom property in 54% of U.S. counties analyzed for the report.

The updated numbers show that renting a three-bedroom property in the United States requires an average of 38.8% of income.

The least affordable market for renting was Marin County, CA, just over the Golden Gate Bridge from San Francisco, where renters spend a staggering 79.5% of average wages on rent, while the most affordable market was Madison County, AL where 22.3% of average wages went to rent.

Other interesting findings in the report include:

  • Average rent rose faster than income in 60% of counties
  • Average rent rose faster than median home prices in 41% of counties
  • While median home prices rose faster than average rents in 58% of counties

Bottom Line

Buying a home makes sense socially and financially. If you are one of the many renters out there who would like to evaluate your ability to buy this year, let’s get together to find your dream home.

Posted in:Home Buying Tips and tagged: home buyer tips
Posted by NE TEXAS REALTY GROUP on April 23rd, 2018 3:41 PM
Just Sold Lake Texoma Property in Sherwood Shores Addition of North East TX


NE Texas Realty Group has just sold this great home in Gordanville, TX in only 16 day on market for OVER asking price. Congratulations to our sellers on the sale of their home. Need to Sell Fast? List with us!
                              


We need more homes to sell. If you know anyone looking to buy or sell, we can help! Call our office or shoot us an email to speak with one of our energetic and courteous agents.



NE Texas Realty Group
office 903-361-2733
sherrydicksonteam@gmail.com
Posted by NE TEXAS REALTY GROUP on April 19th, 2018 3:56 PM

Is Family Mortgage Debt Out of Control?

Is Family Mortgage Debt Out of Control? | MyKCM

Some homeowners have recently done a “cash out” refinance and have taken a portion of their increased equity from their house. Others have sold their homes and purchased more expensive homes with larger mortgages. At the same time, first-time buyers have become homeowners and now have mortgage payments for the first time.

These developments have caused concern that families might be reaching unsustainable levels of mortgage debt. Some are worried that we may be repeating a behavior that helped precipitate the housing crash ten years ago.

Today, we want to assure everyone that this is not the case. Here is a graph created from data released by the Federal Reserve Board which shows the Household Debt Service Ratio for mortgages as a percentage of disposable personal income. The ratio is the total quarterly required mortgage payments divided by total quarterly disposable personal income. In other words, the percentage of spendable income people are using to pay their mortgage.

Is Family Mortgage Debt Out of Control? | MyKCM

Today’s ratio of 4.44% is nowhere near the ratio of 7.21% during the peak of the housing bubble and is instead at the lowest rate since 1980 (4.38%).

Bill McBride of Calculated Risk recently commented on the ratio:

“The Debt Service Ratio for mortgages is near the low for the last 38 years. This ratio increased rapidly during the housing bubble and continued to increase until 2007. With falling interest rates, and less mortgage debt, the mortgage ratio has declined significantly.”

Bottom Line

Many families paid a heavy price because of questionable practices that led to last decade’s housing crash. It seems the American people have learned a lesson and are not repeating that same behavior regarding their mortgage debt.

Posted in:Home Owner Tips and tagged: Home Owner Tips
Posted by NE TEXAS REALTY GROUP on April 19th, 2018 3:45 PM
To view this property website, click the picture or visit: http://797waterfrontrow.iHouseNet.com
 

797 Waterfront Row
Quitman, TX
Great 3 bedroom in the Lake Fork area




Offered at $35,000 797waterfrontrow.iHouseNet.com

HUD Home FHA Case#491-932445. Sold AS-IS. Great Lake Fork property in the Holliday Villages at Fork Subdivision. This is a gated community with all the extras including boat ramp and pier, clubhouse, tennis courts, private fishing ponds, inground pool and much more. The home is situated on a double lot with shade trees and backs up to a creek. The interior offers high end finishes and too many upgrades to list. This is a one of a kind and will not last!


Sherry Dickson & Associates Real Estate Team

Mobile: 903-361-2733
sherrydicksonteam@gmail.com
www.sherrydickson.com





Harold Carter, REALTORS | 2741 E. Price St. | Paris | TX | 75460
Posted by NE TEXAS REALTY GROUP on April 13th, 2018 4:21 PM
 

2347 Charity Road
Commerce, TX
Great 4 bedroom brick home on 5 acres in Commerce.




Offered at $265,000 2347charityroad.iHouseNet.com

One of a Kind! 4 bedroom 3 bath brick home on 5 acres in the town of Commerce, TX. This home offers an in-ground pool, 3350 SF Pole Barn, pretty landscaped yard and circle driveway. The interior offers an updated kitchen with granite counters, island and plenty of nice cabinets. The large living room has a fireplace and wet bar. Huge master suite with separate tub and shower and walk in closets. There is too much to list and priced to sell. This one will not last long!


Sherry Dickson & Associates Real Estate Team

Mobile: 903-361-2733
sherrydicksonteam@gmail.com
www.sherrydickson.com





Harold Carter, REALTORS | 2741 E. Price St. | Paris | TX | 75460
Posted by NE TEXAS REALTY GROUP on April 13th, 2018 4:18 PM
 

800 Sundance Drive
Quinlan, TX
2 bedroom 2 bath home in Quinlan on 2 acres.




Offered at $67,200 800sundancedrive.iHouseNet.com

HUD Home FHA Case# 491-880955. Sold AS-IS. 2 bedroom 2 bath home in the Sundance Addition at Lake Tawakoni. This home sits on a 2 acre mostly wooded lot with storage building and covered porches. Large living room with fireplace and kitchen dining combo. Large master suite with garden tub. Quinlan Ford ISD.


Sherry Dickson & Associates Real Estate Team

Mobile: 903-361-2733
sherrydicksonteam@gmail.com
www.sherrydickson.com





Harold Carter, REALTORS | 2741 E. Price St. | Paris | TX | 75460
Posted by NE TEXAS REALTY GROUP on March 28th, 2018 1:57 PM
 

58 Riner Road
Pottsboro, TX
2 bedroom 2 bath home in Pottsboro, TX




Offered at $94,000 58rinerroad.iHouseNet.com

HUD Home FHA Case# 492-534073 Sold AS-IS. 2 bedroom 2 bath home on large lot in the Paradise Cove Addition at Lake Texoma. Large workshop with 2 overhead doors, electric and half bath. Nice covered porch. Over sized rooms are a plus with 2075 SF living area. Central heat and air. Pottsboro ISD. Let's look.


Sherry Dickson & Associates Real Estate Team

Mobile: 903-361-2733
sherrydicksonteam@gmail.com
www.sherrydickson.com





Harold Carter, REALTORS | 2741 E. Price St. | Paris | TX | 75460
Posted by NE TEXAS REALTY GROUP on March 28th, 2018 1:55 PM
 

1004 10th Street
Honey Grove, TX
Nice 4 bedroom 3 bath home in Honey Grove




Offered at $109,000 100410thstreet.iHouseNet.com

HUD Home FHA Case#491-885216 Sold AS-IS. Hard to find 4 bedroom 3 full bath brick home in Honey Grove ISD. This home offers a metal roof, attached double carport, fenced yard and storage building. The interior has a large kitchen with island, bonus room and large master suite. Let's look!


Sherry Dickson & Associates Real Estate Team

Mobile: 903-361-2733
sherrydicksonteam@gmail.com
www.sherrydickson.com





Harold Carter, REALTORS | 2741 E. Price St. | Paris | TX | 75460
Posted by NE TEXAS REALTY GROUP on March 28th, 2018 1:51 PM
 

112 Meadow Lane
Winfield, TX
Nice 3 bedroom 2 bath home in Winfield




Offered at $59,000 112meadowlane.iHouseNet.com

HUD Home FHA Case# 511-005514. Sold AS-IS. Great 3 bedroom 2 bath doublewide home in Winfield ISD. This home is centrally located between Mount Pleasant and Mt Vernon. Large kitchen and dining combo with island, breakfast bar and all electric appliances. Split bedroom floorplan, walk in closets and more. The exterior offers a nice attached double carport, asphalt driveway and nice subdivision.


Sherry Dickson & Associates Real Estate Team

Mobile: 903-361-2733
sherrydicksonteam@gmail.com
www.sherrydickson.com





Harold Carter, REALTORS | 2741 E. Price St. | Paris | TX | 75460
Posted by NE TEXAS REALTY GROUP on March 28th, 2018 1:50 PM
Just Sold 3/2 in Morningside Addition of North East TX


NE Texas Regional Realty has just sold this great home in Paris, TX in only 1 day on market for OVER asking price. Congratulations to our sellers on the sale of their home. Need to Sell Fast? List with us!
                              


We need more homes to sell. If you know anyone looking to buy or sell, we can help! Call our office or shoot us an email to speak with one of our energetic and courteous agents.



NE Texas Regional Realty
office 903-361-2733
netxrealtysales@gmail.com
Posted by NE TEXAS REALTY GROUP on March 21st, 2018 3:59 PM

Just Sold Home in Spring Valley Addition of Dallas TX

NE Texas Regional Realty has just sold this great home in Dallas TX. Congratulations to our agent Greg Routen in successfully representing his buyers on the purchase of their new home. Looking to Buy Your Dream Home? Let us Help!
                              
  

GREG ROUTEN,REALTOR        

We need more homes to sell. If you know anyone looking to buy or sell, we can help! Call our office or shoot us an email to speak with one of our energetic and courteous agents like Greg.



NE Texas Regional Realty
office 903-361-2733
netxrealtysales@gmail.com

Posted by NE TEXAS REALTY GROUP on March 21st, 2018 3:00 PM
 

3106 Debra Court
Garland, TX
3 bedroom 3 bath brick home in Garland




Offered at $289,000 3106debracourt.iHouseNet.com

Call ,903-361-2733, NE Texas Realty for an appointment today! Great 3 bedroom 3 bath brick home in Garland Texas. Lots of extras including neutral colors, 2 living areas, open floorplan just to name a few. This home also boasts an in-ground swimming pool for your family to enjoy. Don't miss out on this home. Listing office of record: Coldwell Banker Apex, Realtors.


NE Texas Regional Realty-Kevin Riney, Broker

Office: 903-361-2733
netxrealtysales@gmail.com





NE Texas Regional Realty | 1700 FM 195 #111 | Paris | TX | 75462
Posted by NE TEXAS REALTY GROUP on March 21st, 2018 2:42 PM
 

9114 Fairmont Circle
Rowlett, TX
Nice 3 bedroom 2 bath home




Offered at $132,000 9114fairmontcircle.iHouseNet.com

Call NE Texas Realty, 903-361-2733, for more information or to set up a showing today. Nice 3 bedroom 2 bath brick home in a great location in Rowlett. Minutes from Lake Ray Hubbard. Lots of potential and a great opportunity to make this house your dream home. Listing office of record: Owners.com


NE Texas Regional Realty-Kevin Riney, Broker

Office: 903-361-2733
netxrealtysales@gmail.com





NE Texas Regional Realty | 1700 FM 195 #111 | Paris | TX | 75462
Posted by NE TEXAS REALTY GROUP on March 21st, 2018 2:40 PM

1224 Janell Drive
Irving, TX
3 bedroom 2 bath brick home in Irving, TX




Offered at $136,000 1224janelldr.iHouseNet.com

HUD Home Case # 491-866222. SOLD AS-IS. Call NE Texas Realty, 903-361-2733, for more information or to set up a showing today!! Great 3 bedroom 2 bath brick home in Irving Texas. With 2 living areas with fireplaces and an open kitchen/dining what's not to love. Covered patio for entertaining. Lots of character and potential with this home. Don't miss out! Listing office of record: Alta Realty Company.


NE Texas Regional Realty-Kevin Riney, Broker

Office: 903-361-2733
netxrealtysales@gmail.com





NE Texas Regional Realty | 1700 FM 195 #111 | Paris | TX | 75462
Posted by NE TEXAS REALTY GROUP on March 21st, 2018 2:39 PM
 

3104 Lena Court
Wylie, TX
Great 5 bedroom 3 bath home in Wylie




Offered at $296,400 3104lenacourt.iHouseNet.com

Call, 903-361-2733, NE Texas Realty for information or to setup a showing today! Great 5 bedroom 3 bath brick home in Wylie Texas. Two living and dining areas. Fireplace in family room. Lots of options with the extra space in this home. Great for growing family. Don't miss out on this listing. Listing office of record: Coldwell Banker Apex, Realtors.


NE Texas Regional Realty-Kevin Riney, Broker

Office: 903-361-2733
netxrealtysales@gmail.com





NE Texas Regional Realty | 1700 FM 195 #111 | Paris | TX | 75462
Posted by NE TEXAS REALTY GROUP on March 21st, 2018 2:36 PM
 

2660 Windswept Lane
Mesquite, TX
Mesquite Texas 4 bedroom brick home




Offered at $229,000 2660windsweptlane.iHouseNet.com

Give NE Texas Realty a call, 903-361-2733, to setup a showing today! This 4 bedroom brick home offers lots of counter/cabinet space in the kitchen, 2 living areas, 2 dining areas and a large master. Neutral color throughout the home leaving it open for your finishing touches. You don't want to miss out on this one! Listing office of record: Riter Group


NE Texas Regional Realty-Kevin Riney, Broker

Office: 903-361-2733
netxrealtysales@gmail.com





NE Texas Regional Realty | 1700 FM 195 #111 | Paris | TX | 75462
Posted by NE TEXAS REALTY GROUP on March 21st, 2018 2:34 PM
 

10417 Broadmoor Lane
Rowlett, TX
Great brick home with 5 bedrooms.




Offered at $349,900 10417broadmoorlane.iHouseNet.com

Call Ne Texas Realty, 903-361-2733, for more information today. Great brick home with 5 bedrooms and 3 1/2 baths. Neutral colors throughout, lots of cabinet space in the kitchen. In-ground pool in the back yard and a 3 car garage to the side of the home. Don't miss out on this great opportunity. Listing office of record: Coldwell Banker Apex, Realtors


NE Texas Regional Realty-Kevin Riney, Broker

Office: 903-361-2733
netxrealtysales@gmail.com





NE Texas Regional Realty | 1700 FM 195 #111 | Paris | TX | 75462
Posted by NE TEXAS REALTY GROUP on March 21st, 2018 2:32 PM

Is a Major Home Renovation Worth It in the Long Run?

Is a Major Home Renovation Worth It in the Long Run? | MyKCM

Last week, we shared 7 Factors To Consider When Choosing A Home To Retire In.For some homeowners, these seven factors can be taken into account with a home renovation, but is it worth it to remodel or change floor plans?

Let’s look at this example.

Let’s say you have a 4-bedroom colonial style home in a great school district. The neighborhood is amazing, and you are very comfortable there, but your kids are all grown up and the original benefits of the home no longer apply.

You’ve always wanted a huge master suite and are considering merging 3 of the smaller bedrooms on the second floor to achieve this dream.

In the short term, you are over the moon excited about your newly renovated oasis.

In the long term, when you go to sell your home down the road, you’ve now taken a 4-bedroom home in a great school district and turned it into a 2-bedroom home. Your pool of potential buyers has shrunk significantly and so has the value of your home (unless you are able to find someone who has the exact needs you have today!).

Why not consider listing your 4-bedroom home now and moving into a gorgeous 2-bedroom with a master suite? Your house can become a home for the next family looking for that perfect neighborhood with a great school district to raise their kids in!

You may even be able to achieve your dream in the same area you love, without having to give up your favorite restaurants and grocery stores.

Bottom Line

If you are debating a major renovation that would change the layout of your home, before you pick up that sledgehammer, let’s get together and discuss the available listings in our area that might meet your needs today!

Posted in:Home Owner Tips and tagged: Home Owner Tips
Posted by NE TEXAS REALTY GROUP on March 21st, 2018 10:13 AM

Are You Aware of How Much Equity You Have in Your Home? You May Be Surprised!

Are You Aware of How Much Equity You Have in Your Home? You May Be Surprised! | MyKCM

CoreLogic’s latest Equity Report revealed that 675,000 US homeowners regained positive equity in their homes in 2017. This is great news for the country, as 95.1% of all mortgaged properties are now in a positive equity situation.

U.S homeowners with mortgages (roughly 63% of all the properties) have seen their equity increase by a total of $908.4 billion since the fourth quarter 2016, an increase of 12.2%, year over year.”

Price Appreciation = Good News for Homeowners

Frank Nothaft, CoreLogic’s Chief Economist, explains:

Home-price growth has been the primary driver of home-equity wealth creation. The CoreLogic Home Price Index grew 6.2 percent during 2017. The largest calendar-year increase since 2013. Likewise, the average growth in home equity was more than $15,000 during 2017, the most in four years.”

He also believes this is a great sign for the market in 2018, saying:

“Because wealth gains spur additional consumer purchases, the rise in home-equity wealth during 2017 should add more than $50 billion to U.S. consumption spending over the next two to three years. 

This is great news for homeowners! But, do they realize that their equity position has changed?

A study by Fannie Mae suggests that many homeowners are not aware that they have regained equity in their homes as their investment has increased in value. For example, their study showed that 23% of Americans still believe their home is in a negative equity position when, in actuality, CoreLogic’s report shows that only 4.9% of homes are in that position (down from 6.3% in Q4 2016).

The study also revealed that only 37% of Americans believe that they have “significant equity” (greater than 20%) when in actuality, 83% do!

Are You Aware of How Much Equity You Have in Your Home? You May Be Surprised! | MyKCM

This means that 46% of Americans with a mortgage fail to realize the opportune situation they are in. With a sizeable equity position, many homeowners could easily move into a house (either larger or smaller) that better meets their current needs.

Fannie Mae spoke out on this issue in their report:

“Homeowners who underestimate their homes’ values not only underestimate their home equity, they also likely underestimate 1) how large a down payment they could make with their home equity, 2) their chances of qualifying for mortgages, and, therefore, 3) their opportunities for selling their current homes and for buying different homes.”

Bottom Line

If you are one of the many Americans who is unsure of how much equity you have built in your home, don’t let that be the reason you fail to move on to your dream home in 2018! Let’s get together to evaluate your situation!


Posted in:Home Selling Tips and tagged: Home selling tips
Posted by NE TEXAS REALTY GROUP on March 20th, 2018 11:11 AM
To view this property website, click the picture or visit: http://58rinerroad.iHouseNet.com
 

58 Riner Road
Pottsboro, TX
2 bedroom 2 bath home in Pottsboro, TX




Offered at $94,000 58rinerroad.iHouseNet.com

HUD Home FHA Case# 492-534073 Sold AS-IS. 2 bedroom 2 bath home on large lot in the Paradise Cove Addition at Lake Texoma. Large workshop with 2 overhead doors, electric and half bath. Nice covered porch. Over sized rooms are a plus with 2075 SF living area. Central heat and air. Pottsboro ISD. Let's look.


Sherry Dickson & Associates Real Estate Team

Mobile: 903-361-2733
sherrydicksonteam@gmail.com
www.sherrydickson.com





Harold Carter, REALTORS | 2741 E. Price St. | Paris | TX | 75460
Posted by NE TEXAS REALTY GROUP on March 14th, 2018 5:00 PM

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