Real Estate Advisors Magazine - July 2014

Real Estate Advisors Magazine . 855-482-9990 . www.realestateadvisorsmagazine.com 1J U LY 2 0 1 4H O O D • S O M E R V E L L • E R AT H • J O H N S O N

REAL ESTATE AGENT VS. REALTOR®: IS THERE REALLY A DIFFERENCE?BY TAMMYE RUSHING PAGE 6

IN THIS ISSUE: COMMERCIAL: CASH ON RETURN

A publication of Century 21 Shirley Hooks, LLC

REALESTATE Advisors

BUYING | SELLING | IMPROVEMENTS

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

Real Estate Advisors Magazine . 855-482-9990 . www.realestateadvisorsmagazine.com 3

J U LY 2 0 1 4H O O D • S O M E R V E L L • E R AT H • J O H N S O N

REAL ESTATE AGENT VS. REALTOR®: IS THERE REALLY A DIFFERENCE?BY TAMMYE RUSHING PAGE 6

IN THIS ISSUE: COMMERCIAL: CASH ON RETURN

A publication of Century 21 Shirley Hooks, LLC

REALESTATE Advisors

BUYING | SELLING | IMPROVEMENTS

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

Freddie loves selling real estate, working to find buyers the perfect property or finding the perfect buyer for her sellers. Freddie believes that listening is the key. She wants her clients to remain her clients for life, so making them happy is her #1 goal!

She is a graduate of the Floyd Wickman Master Sales Academy as well as continually taking courses to keep her abreast of and knowledgeable in the latest rules and regulations needed to enable her to be a Top Producer. If you are looking for honesty, integrity and a hard worker, call Freddie today. 817-296-7999

FREDDIECRAWFORDREALTOR ®

TOP AGENT

COVER: Great water view home on page 5. For more details go to www.century21shooks.com

CARLABANDERAREALTOR ®

TOP AGENT

STEVEFORTNERREALTOR ®

TOP AGENT

AND

After becoming empty nesters in April of 2014, we decided to downsize from our over 4,500 sq. ft. home to something more manageable.

keith and I had done the typical internet search-es for homes and started calling listing agents

to view properties of interest. We found a home in Granbury, Texas, and reached out to schedule a showing. From the moment we met Carla and Steve, we knew it was time to list our home and work with this “Dynamic Duo” to find our new home. They listened to us, heard our “want list” versus our “must have list” and were very keen to our likes and dislikes from our initial one-hour conversation. By the end of the week they had a photographer come out to our home and take pictures for the internet listing so we could determine if there would be any interest, as we did not want two mortgages. They managed our concerns and fears and made us feel totally comfortable with the pros and cons of listing our home. The internet listing described our home perfectly and the pictures were absolutely beautiful -- showcasing every wonderful feature. Within four hours of listing, we had our first showing scheduled for the next morning. It was a success, and by that afternoon we had a signed contract. All of this happened within 18 hours of the initial listing! Soon, Steve made an offer on our “Dream Home”, the offer was accepted and we were underway in the purchasing process! Steve and Carla were so GREAT through it all -- from our listing to our purchasing and the entire loan process, along with managing our schedules for showings, inspections, etc. No matter what time of the day we called, they always answered, or responded within minutes. They absolutely go above and beyond for their clients seven days a week. We are so impressed with Steve and Carla and have established such a great rela-tionship over the course of the last two months that we consider them friends and will have them over often for get-togethers in our new home. If we can ever assist or repay them for their diligence and professional services by providing a reference, we will not hesitate to do so.

Sincerely, Lisa and Keith Varrato, home owners / 817-455-5472

tAblE of coNtENtsLocal Real Estate Market . . . . . . . . . 4Dream Deal Listings. . . . . . . . . . 5, 22Difference between Real Estate Agent Vs. Realtor . . . . . . . . . . . . . . . . . . . . 6Home Listings . . . . . . . . . . . . . 10-15 The Mortgage Minute. . . . . . . . . . . . 7What is a Buyers Agent? . . . . . . . . . 8Lots & Land . . . . . . . . . . . . . . . . . . . 9Commercial: Cash on Return . . . . . 16Title Tidbits . . . . . . . . . . . . . . . . . . 17Security Deposit Refunds. . . . . . . . 18Commercial Listings . . . . . . . . . . . 20Bank-owned Property . . . . . . . . . . 21Contact an Agent . . . . . . . . . . . . . . 23


A V IEW oF THE LOCAL REAL ESTATE MARKET

HOOD COUNTYListings are up 5.5% in Hood County. At first glance this doesn’t seem like a significant increase, but compared to last year at -4.2% down this is terrific news for Hood County. Sellers are beginning to hear the message that we have buyers and need homes to sell. The average list price is also growing at a healthy rate of 7.3%. Again, compared to the same time period last year, this is a healthy increase. obviously the reason to list a home is to sell the home and this month the days on market have dramatically decreased to 14.8%, and pending sales are showing the increase in closed sales. All indicators show it is time to sell your home in Hood County.

JOHNSONCOUNTYJohnson County continues to be an extremely strong market! If you have the desire to sell in this county, you should run to your Century 21 agent. Pending sales are up an astronomical amount at 15.2%. Closed sales are at 13.1%, which means that less than 2% of pending sales do not close. The average list price is rising in Johnson County by 11.8% to $186,787.

ERATH COUNTYClosed sales continue to increase in Erath County at 10.4%! This is a very strong market, up 5.5%. At first glance this doesn’t seem like a signif-icant increase, but compared to last year at -4.2% down this is terrific news. Sellers are beginning to hear the message that we have buyers and need homes to sell. The average list price is also growing at an exceptional rate of 20.3%. Doesn’t look like this trend will change over the next month because pending sales are still way up at 10.4%. Good news is that sellers are getting a good price for their properties that are priced right. Sellers are getting 90.2% of asking price.

SOMERVELL COUNTYSomervell County reflected vast improve-ment in closed sales over the last month. Last month year over year, closed sales have increased 13.4%. This is a strong 2-year growth in closed sales for this market. 2 years ago sales were down 10.7% over the prior year. Days on market have remained relative-ly constant at 152 days. This market is showing great performance.

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


DREAM DEAL™ SEE PAGE 2 FoR DETAILS 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

#5 Dream Deal 3/3/2 Large luxurious master retreat and bath. A woman’s dream closet. Spacious gourmet kitchen with island and gas stove. Million dollar view! $349,500

#215 3/2/2 one of a kind Craftsman style waterfront home in olde Town. Walking distance to the square, city beach, and all that gorgeous Granbury has to offer. $329,900

#503 5/3/0 Burleson, great home for entertaining with a game room & bar. Updates include wood floors, granite counters, newer windows, siding & metal shake roof. $482,500

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#212 4/3/2 on 18 acres, luxurious master retreat, and expansive covered porches. The 1-1 guest house has a screened porch, saltillo tile & stainless steel appliances. Great for horses. $575,000

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#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 complement. $497,000


All Realtors® are real estate agents, but not all real estate agents are Realtors®. It sounds like the beginning of a logic question on the LSAT, but actually that little sentence represents a truism many buyers find mysterious. But does it matter? Look at it this way: if you’re about to buy a house or sell a home, you should be as educated as possible about the process. Understanding if your agent is a Realtor® is part of your education.

Real estate agent Vs. RealtoRs®

Real Estate agents are people who have passed a state exam and received a license to engage in the practice of real estate for that given state. Every agent must have this license to engage in real estate transactions, so that means Realtors®, who are also agents, have passed the exam and obtained the license. But from there, Realtors further distinguish themselves. “ A real estate agent is a REALToR® when he or she is a member of the NA-TIoNAL ASSoCIATIoN oF REALToRS® [NAR]

the Code of ethiCs Realtor’s® must prescribe to a legally enforceable code of ethics.

Here is what your Realtor® pledges to do: 1) Pledge to put the interests of buyers and sellers ahead of their own and to treat all parties honestly. 2) Shall refrain from exaggerating, misrepresenting or conceal ing material facts; and is obligated to investigate and disclose when situations reasonably warrant. 3) Shall cooperate with other brokers / agents when it is in the best interests of the client to do so. 4) Have a duty to disclose if they represent family members who own or are about to buy real estate, or if they themselves are a principal in a real estate transaction, that they are licensed to sell real estate. 5) Shall not provide professional services in a transaction where the agent has a present or contemplated interest without disclosing that interest. 6) Shall not collect any commissions without the seller’s knowledge nor accept fees from a third-party without the seller’s express consent. 7) Shall refuse fees from more than one party without all parties’ informed consent. 8) Shall not co-mingle client funds with their own. 9) Shall attempt to ensure that all written documents are easy to understand and will give everybody a copy of what they sign. 10) Shall not discriminate in any fashion for any reason on the basis of race, color, religion, sex, handicap, familial status, or national origin. 11) Expects agents to be competent, to conform to standards of practice and to refuse to provide services for which they are unqualified. 12) Must engage in truth in advertising. 13) Shall not practice law unless they are a lawyer. 14) Shall cooperate if charges are brought against them and present all evidence requested. 15) Agree not to bad mouth competition and agree not to file unfounded ethics complaints. 16) Shall not solicit another Realtor’s® client nor interfere in a contractual relationship. 17) Shall submit to arbitration to settle matters and not seek legal remedies in the judicial system.

While the code of ethics can’t actually force a person to be intrinsically ethical, the NAR recognizes the seriousness of the Realtor’s® position and seeks to ensure high professional standards, which is comforting to we buyers and sellers who need so much assurance.

REAL ESTATE AGENT VS. REALToR®: IS THERE REALLY A DIFFERENCE?

by Tammye Rushing, Managing Partner

tAMMyE rushiNGManaging Partner Century 21 Shirley Hooks

[email protected]


THE MoRTGAGE MINUTE DO THEY NEED MY FIRSTBORN TOO? Recently I took my annual continuing education course and heard the following Miranda Rights for Home Buyers: “You have the right to purchase a home. Anything you say can and will be used against you in underwriting. You have the right to pay cash. If you cannot afford to pay cash, a loan may be provided for you. Do you under-stand the rights I have just read to you? With these rights in mind, do you wish to provide everything to secure the financing of your new home?” This statement is both comical and true. The home financing process has been made a little more complicated since the housing crisis. In an effort to avoid future economic hardship, additional regulations have been put into place to help ensure that buyers can afford the house they are purchasing. Here are the basic documents you will need to secure financing and the reason it may be required: • Last 4 Paystubs – Proof of current income, as well as verification of any ongoing government payments such as IRS or child support deductions. • Last Two Years of Tax Returns and/or W-2s – Proof of income history will be reviewed for ongoing deductions for business related expens es. For self-employed borrowers, the average net income from the past two years will be used to qualify. Business returns may be required if filed separately. • 30-60 days of Asset Statements (checking, savings, investments, retirements, etc.) – Proof of funds to close. Large deposits not sup ported by paystubs must be accounted for with written documenta tion. Gifts are acceptable in most cases but will require a gift letter and documentation sourcing the funds. • Divorce/ Child Support Papers – Needed to document on-going pay ments being made or received by the borrower. • Profit & Loss Statement – For the self-employed borrower, a year-to- date P&L will show proof income is projected to be the same or better than previous years. • Other Credit Documents – 12 months of cancelled checks, statements or credit letters from other non-traditional creditors (rent, utilities, insurance, monthly memberships, etc.) may be required in order to strengthen a file with low or young credit. • Other Income Documentation – Award letters for retirement or dis ability. Borrowers with investment property may need to provide taxes and insurance as well as leases and cancelled checks in order to include rental income. • Other Debts – The most recent account statement or loan documents may be needed for any recent acquired or non-reporting debt

Though your firstborn child is not required, having these documents ready to provide when financing a home will ensure a smoother process and help close your loan on time. To start the approval process, simply fill out a loan application online at www.loansbygrant.com or contact Grant 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


frEddiE crAWfordREALTOR®

[email protected] 817-296-7999

WHAT IS A BUYERS AGENT?

A Buyer’s Agent is any licensed realtor that represents the Buyer and does not represent the seller. No special training or designation is required; however, it is especially helpful if you choose an experienced agent who is familiar with what constitutes a Buyer’s Agent. Many Buyers are not familiar with what the fiduciary duties of their Realtor® are. According to the Nation Association of Realtors, the Texas Association of Realtors, and the Errors and omission Insurance which we are required to carry, there are several things Realtors® cannot do for their clients. When your agent informs you that they cannot perform certain tasks, don’t think that they are being lazy or don’t know how to do their job. This is not the case. A couple of examples are. … We are not allowed to contact the appraisers that appraise the property that you are purchasing, should not call USDA if you are getting a USDA loan, and we are not supposed to be present for your inspection. Buyers agents should always find out your search criteria for the home that you’re looking for, what price range you can afford, and what kind of loan for which you have been approved. After having shown you homes in your price range, and you’ve made a decision about the home that you want to make an offer on, it is a good idea for your agent to check the stats in that neighborhood so you will be familiar with what the houses in that neighborhood are selling for and appraising for. Negotiating your offer should always be a high priority for your agent. once your offer is accepted, your agent will take your earnest money to the title company; take a copy of the contract to the seller’s agent and to the lender that you are using. Your agent can offer you a list of home inspectors and should highly recommend that you not buy any home that has not been inspected by a licensed inspector. After you receive a copy of the inspection report and decide if you are going to ask for any repairs, your agent will then prepare the proper paperwork requesting that the seller make these repairs and deliver it to the seller’s agent. It is not the responsibility of your agent to decide these repairs for you, nor is it their responsibility to advise you to accept or walk away from a property de-pending on whether or not the repairs are done. This is strictly a decision to be made by the buyers. It is not the responsibility of your agent to or-der a survey. If the sellers cannot provide a survey, the title company will order the survey. Your agent should not be calling the surveyor to see if this job has been done. This is a responsibility of the title company. After all these decisions have been made and your contract is in the “Pending “stage, your agent will follow up with the lender to see how your loan is progressing. The buyer should also follow up with the lender and not depend on their agent to know exactly what is going on with the loan. Many times lenders consider this private information for the buyer only and do not tell the agent as much as we sometimes want to know. After the loan comes out of underwriting and closing instructions are sent to the title company, your agent will set up a closing time and let you know how much money you need to bring to the closing. They will also see that you get keys to your new home and wish you well.

by Freddie Crawford


855-482-9990 WWW.CENTURY21SHookS.CoMLOTS & LAND MLS# 11601196 Walk out Lake Granbury waterfront with retaining wall already in. Canal has been re-cently dredged by homeowners from a depth of 3’ to 7’ to allow for larger boats. $39,500

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 with a huge tree in the front. $35,000

MLS# 12150136 Beautiful land-scaped and treed lot. DeCordova Bend Estates is a beautiful gated golfing community including two golf courses, country club, tennis, pool and playground. $24,000

MLS# 12150176 Nice level lot in DCBE. DeCordova Bend Estates is a beautiful gated golfing community including two golf courses, country club, tennis, pool and playground. $22,000

MLS# 12106281 Great lot to build your dream home on with a view of Lake Granbury. Community has lake access, fishing pier, swimming pool, basketball court, and clubhouse. $19,900

MLS# 12013841 Level Building Lot across from Indian Harbor Club House and Community Pool. Builders, ideal site to display your talents, very visible to the community. $15,000

MLS# 11817582 Pie shaped lot on Seminole Trail. Great building site with panaramic view of downtown Granbury, Lake Granbury, and the area. $12,990

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

MLS# 12142277 Great lot to build that perfect home. . $8,500

MLS# 12132470 This is one of 7 lots available, Lots 13 and lots 48-53. Each lot is being sold for $8,000. $8,000

MLS# 12132272 Nice size lot in small subdivision near Lake Gran-bury. $8,000

MLS# 12161530 Two RV lots for sale together in lakefront neighborhood. Subdivision has boat ramp, park area with showers, & fishing pier. $6,000

MLS# 12015217 Nice level lot ready for a new home, gated subdivision. $5,000

MLS# 11923104 Heavily treed interior lot in Canyon Creek. Beautiful gated neighborhood with community pool, club house and boat ramp to main body Lake Granbury. $3,500

MLS# 12119982 Escape the city and build your dream home on this 2 plus acre lot at The Retreat $99,000

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

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# 11977795 Across the street from the 17th tee. Measures 85 wide by 253 deep. offering trees and an excellent, level building site. $29,900

MLS# 12048038 Vacant lot ready for you to build a house on! Around the corner from Adams Elementary! $14,900

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


#73 4/3/0 Home with wide open space, hand scraped hard-wood floors, massive stone fireplace, high end appliances, and granite counters. $575,000

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RESIDENTIALSEE PAGE 2 FoR DETAILS WWW.CENTURY21SHookS.CoM

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#74 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, huge island. $579,000

#72 3/3.5/2 Large rooms, built-ins galore, an indoor heated pool with lift chair, his and her bathrooms in the master with a jetted tub, and an elevator to the second floor. $544,000

b u i lt - i N s G A l o r E !

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#71 4/3/2 The home boasts large kitchen-living-dining area. Master has fantastic bath-closet-sun room. Pool-spa outdoor area with pergola. $497,000

#70 4/3.5/2 Beautiful home with hand-scraped wood floors, granite counter tops, split floor plan, large master bedroom with great view of the lake. $485,000

W o N d E r f u l V i E W

#69 3/3/2 Main body waterfront home offers spectacular views in deep area of Lake Granbury. Attention to detail and comfort in this custom built home. $399,000

M A i N b o d y W A t E r f r o N t

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#68 3/2/2 Waterfront home in olde Town. Walking distance to the Square, the city beach & all that Granbury has to offer! $329,000

#67 3/3.5/3 Beautiful home on the 17th fairway in Pecan Plantation. Home has 2 living areas, a sunroom and the kitchen has new granite. $379,000

G o l f c o u r s E

#66 5/3.5/2 Beautiful custom home on 2 acres with amazing salt water pool oasis! open living and kitchen with windows overlooking pool! $357,200

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#65 4/3/2 From the moment you walk in, you appreciate the like new 4-3-2 one story home. Formal living & dining boast hardwood floors, & vast crown molding. $355,000

#64 4/3/3 The large balcony provides a beautiful view of the pool, large yard & Nutcracker golf course. Downstairs is a dining & living room with gorgeous wood floors. $345,000

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#63 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. Boat dock with electric lift. $210,000

o P E N c o N c E P t


#61 5/3/0 Great for horse trainers, boarding, a veterinarian or show animals. Easy drive to horse show venues in Glen Rose & Fort Worth. $482,500

G r E A t f o r h o r s E s


G r E A t N E i G h b o r h o o d

#62 4/2.5/2 Custom home on canal in great neighborhood! kitchen with island and granite counter tops! Stairs to storage room over garage, & an air conditioned sun room. $299,900

#60 4/3/3 Lovely custom built home with scenic views. Well planned dream kitchen with granite and island. open concept. Luxurious master bedroom and bath. $389,000

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#59 2/2/0 Downtown Ft. Worth. open floor plan & covered parking. Chef’s kitchen features granite, stainless appliances, custom cabinets and pantry. $229,900

#58 3/3/2 Vaulted ceilings, gutters around house, large privacy fenced back yard, carpet in all bedrooms and living rooms, & designer trim tile in kitchen. $245,000

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#57 4/2/2 From Glen Rose take Hwy 67 E to South 200 to right on CR 418. House on left. $245,000

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#56 3/2.5/3 open floor plan with beautiful cabinets. Study is currently being used as 4th bedroom. Large corner lot with gazebo in back yard. Community boat dock nearby. $299,999

#55 3/2.5/2 Exquisitely updated home in DeCordova Bend. The yard is a master gardener’s dream. The interior is equally gorgeous. $299,000

E X Q u i s i t E r E M o d E l

#54 4/2.5/3 Master suite with dual vanities and separate tub and shower. Formal study or 4th bedroom. Awesome windows & covered patio with built-in brick fireplace. $299,000

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#53 3/2/2 Designer finishes and amenities. Chef’s kitchen open to the living and entertaining area highlighted with a brick fireplace and soaring 22 ft ceilings. $279,000

#52 3/2/2 Ranch style country home on nearly 5 acres of land! Decorative lighting, crown molding, stained concrete floors, granite counter tops, & a beautiful stone fireplace. $264,900

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#51 2/2/2 Living area has gas fireplace and opens to covered porch with slate floors and ceiling fans. Stainless appliances and granite counter tops throughout. $249,900

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#49 2/2/4 Custom built with every amenity including 4 plus acres of beautifully landscaped land, constant level, deep spring-fed pond with water feature! $249,000

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#50 2/2.5/2 This condo is unique in that it has a view of the golf course & the lake from both living areas You can enjoy the morning or evening shade from the balcony. $249,000

#48 3/2.5/2 Lake front property. Great vacation home or per-manent residence. Located in established neighborhood with shopping, dining and entertainment close by. $249,000

W A t E r f r o N t

Q u i E t c u l - d E - s A c

#47 3/2.5/2 Remarkable customized home on quiet cul-de-sac with a beautiful yard. Fabulous kitchen, double ovens, extra work space, and island, plus tons of cabinets. $239,950

#46 3/2.5/3 Crown molding throughout, wonderful family sun room, solar screens, large walk in master closet, cul-de-sac home for the kids or just security plan! Must see! $229,500

M u s t s E E !

#45 4/2.5/3 Large lot in up-scale gated Timber Cove. Interior features large open kitchen with breakfast bar, study or 4th bedroom, plus second large living area! $229,000

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#44 3/2.5/2 Afternoon shade at back of house to enjoy over-looking #3 green of golf course. Study overlooking golf course with built-in desk. Exercise room with shower. $229,000

#43 3/1.5/2 Lovely home on 4.5 acres, with a peach orchard, place for a garden, extended parking, detached two car garage, private well for lawn and tree watering. $224,900

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#42 4/3/3 Extra features: oversized utility room, see through fireplace between living and dining, whole house air purification and humidifier system, and storm shelter in master! $214,900

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#41 3/2/2 Unique home on 8.5 acres. Fenced for large animals. Two living areas, large country kitchen which opens to living room. Large utility with a storage room. $199,500

#40 4/2/2 The wonderful kitchen has over 17ft of bar space. owners have added many upgrades which are in media. You won’t find another quality home for this price. $200,000

M A N y u P G r A d E s

#39 3/1/0 Right around the corner from Tarleton State!! Ex-cellent location for investment property oR great for first time home buyers! $54,900

G r E A t i N V E s t M E N t


#37 2/1/0 This home sits on 81 feet of prime main body water front. There is a wonderful covered patio for relaxing and enjoying Lake Granbury. $199,000

8 1 f E E t o f l A K E f r o N t !


W o o d b u r N i N G f i r E P l A c E

#38 3/3/0 Wood burning fireplace, sun porch, large rooms and separate mother-in-law suite with second kitchen and gorgeous full bath. $150,000

#36 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. $189,000

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#35 5/3.5/2 Spectacular layout, wonderful family oriented place to live! This home has a split bedroom floor plan. Master bed-room downstairs with walk in closet and jetted tub. $179,500

#34 3/2/0 Rustic great family home! Stone wood burning fireplace, beautifully stained custom cabinets, granite kitchen and bathroom counter tops. $179,900

G r E A t f A M i ly h o M E

#33 2/2/2 This is a wonderful golf course home that has been well maintained on the 13th hole in the gated community of Pecan Plantation. $169,900

P E c A N P l A N t A t i o N

M A i N b o d y l A K E V i E W

#32 2/1.5/0 Main body Lake Granbury condo. Deep water with boat dock & jet ski lift. Move in ready. Weekender or full time resident will find this a wonderful place to live. $199,000

#31 3/2/2 Custom home in DeCordova Bend Estates, a gated golfing and boating community. This home has been well main-tained, sprinklers, and is located on a quiet street. $159,900

d E c o r d o V A

#30 4/2/2 Very nice canal front home, with fresh paint and new flooring throughout the home. $149,500

c A N A l h o M E

h A r d W o o d f l o o r s

#29 3/2/0 This charming home has hardwood floors, updated kitchen and bath. Play pool, gorgeous back yard with mature trees on a large lot. $159,999

#28 3/2/0 Updated wood and carpet flooring throughout. Master bedroom is a great size, a rock wall area and full bath. $124,900

u P d A t E d f l o o r i N G

#27 3/2.5/2 open concept living and kitchen with rock fireplace. Master bedroom with balcony and view of lake. $155,500

l A K E V i E W s


#25 3/1.5/1 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 f u r N i t u r E i N c l u d E d !

#26 1/1/0 Cute! Furniture included! Storage area finished out and could be living area. Septic already set up for another home. $89,900

#24 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

G r E A t f A M i ly h o M E

#23 3/2.5/2 Lovely tri-level 3 bedroom 2 bath home on the golf course has undergone a massive remodel and has plenty of privacy. Priced far below the county appraisal value. $139,900

#22 3/2/0 Nice covered patio right on the water. This home is being sold with the lot right next to it and has a new retaining wall down both lots. Possible owner finance! $139,900

W A t E r f r o N t

#21 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. $136,000

G r E A t M A s t E r b A t h !

u N b E A t A b l E l o c A t i o N !

#20 Dream Deal 3/2/0 An unbeatable location in the heart of Granbury near shopping, dining & the City Beach. This little gem has been polished to perfection! $84,900

#19 4/4.5/1 Super nice kitchen with breakfast bar, formal dining, split arrangement, and hardwood floors. Large backyard with storage shed and attached garage. $104,900

G r E A t K i t c h E N

#18 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. $109,000

A l l N E W P A i N t

V E r y c u t E !

#17 2/1 Very cute home in Historical district! Large fenced back yard. Updated bathroom with tiled flooring and bath, all natural hard wood floors throughout the house. $72,500

#16 3/2/0 Great little downsizing or starter home for a family! Large grass backyard with big trees, great sized storage shed. $99,000

W o N d E r f u l s t A r t E r

#15 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

V E r y c u t E c o t t A G E



#13 3/1/0 Cozy two story historical home, with awesome original wood floors and really neat ceilings! Not many like this one! $84,500

h A r d W o o d f l o o r so N 3 l o t s !

#14 3/3/2 Huge, totally remodeled home for the money! on 3 lots, 2 car garage, 12x16 storage bldg, workshop, & a nice long covered front porch. $89,900

#12 2/1/1 Cute two bedroom cottage, open kitchen and den. Bonus room can be third bedroom, game room or study. Home will make a good investment for rental income. $79,000

i N c o M E P r o d u c i N G P r o P E r t y

l A K E A c c E s s

#11 3/1.5/0 Charming chalet in gated subdivision with lake access. open floor plan, big covered front porch & 2 back porches. Storage building & workshop. New roof. $59,900

#10 1/1/0 Perfect GET-A WAY lake home for small family or retirement home for retired couple or single person. Also great rental property. $50,000

P E r f E c t G E t- A - W Ay !

#9 3/2.5/0 1.3 acres. Wood laminate flooring in the nook and a large formal dining. Plenty of cabinetry in the kitchen, ceramic tile in the living area, large bedrooms all upstairs. $127,500

l A r G E b E d r o o M s

l A r G E K i t c h E N

#8 2/2/0 Condo. 2 parking spaces, one covered and golf cart garage. Wood laminate flooring with carpeted bedrooms. Extra insulation in ceiling. Large kitchen with all appliances. $76,000

#7 4/3/2 Second living area is designed to be a multi-purpose room...could be a mother-in-law suite because of its size and full bath. $246,000

t W o l i V i N G A r E A s

#6 3/1/0 Great getaway nestled in the trees. Nice flooring throughout. Large kitchen with appliances. Utility room makes for extra space. Back covered patio. Located on 2 lots. $58,500

s h A d E d G E t- A - W Ay

G o u r M E t K i t c h E N

#5 Dream Deal 3/3/2 Large luxurious master retreat and bath. A woman’s dream closet. Spacious gourmet kitchen with island and gas stove. Million dollar view! $349,500

#4 2/2/0 Relaxing covered porches on front and back. Central heat and air. Fenced yard with storage shed and underground storm shelter. $39,900

c o V E r E d P o r c h E s

#2 4/2/2 See this home for yourself and compare it to ANY-THING else in Waters Edge. Dollar for Dollar - THIS IS THE BEST DEAL! $289,900

M u s t s E E !



Today we take a look inside cash on cash return.

The cash on cash return is a popular method by real estate

investors to do an analysis of the return on their investment. It is a

quick and easy method to compute a rental property’s profitability.

It can give the investor a gauge to compare one investment against

another investment opportunity. For example, the analysis of an

apartment complex against a strip center property to make the choice

of the best investment for the investor.

It is most common to provide this investment analysis in the

presentation that is requested by real estate investors. Even though the

cash on cash return is popular, it is not as strong of an approach to

value because it does not include the time value of money generated

over future years.

Cash on cash is stated as a percentage and measures the ratio

between a rental property’s expected cash flow for the first year to the

amount of cash that the investor invested to purchase the property.

Cash on cash expresses the percent of the original cash investment to

the annual cash flow before taxes.

The initial total cash investment states that the total amount of

cash the investor expects to invest to purchase the property. This

includes all closing costs plus the down payment, title cost, appraisal,

and any points and inspection cost.

The formula stated as Annual Cash Flow/Cash Invested=Cash on

Cash Return. If the initial cash investment is $310,950 and the property

estimated cash flow is $31,250, the cash on cash return for the first

year would be $31,250/$310,950 = 10.05%

This approach to value is not the only way to evaluate an

income property investment so be sure to review all approaches for

your investment decisions. There is some very good investment

software available that will help you to make the final decision so

check it out online.

CoMMERCIAL:CASH ON RETURN

by Don Eichler

doN EichlErREALTOR®

[email protected]


In all transactions, a search of public land records affecting the property is conducted to make sure a homeowner has clear title to their property. The title agent will scrutinize prior deeds or mortgages, divorce decrees, court judgments, delinquent taxes and child and spousal support payments, vesting, covenants, conditions and restrictions, general encumbrances, and utility or other kinds of easements. A history of ownership of the property is created, called an abstract, and steps may be taken to cure title issues that are discovered. This may include correcting recording and indexing errors in the public record, correcting misspelled names or incorrect legal descriptions. According to the American Land Title Association, the title insurance industry cures defects in public records in more than 35 percent of all transactions.

Some examples of documents that can present unexpected title issues include: • Deeds, wills and trusts that contain improper wording or incorrect names • Outstanding mortgages and judgments, or a lien against the property because the seller has not paid his taxes • Easements that allow construction of a road or utility line • Pending legal action against the property that could affect a purchaser • Incorrect notary acknowledgements.

Some examples of issues which can present title claims under your policy include: • A forged signature on the deed, which would mean no transfer of ownership to you • An unknown heir of a previous owner who is claiming ownership of the property • Instruments executed under an expired or a fabricated power of attorney • Mistakes in the public records.

The majority of the one-time title insurance premium covers the cost to discover, identify and repair issues caused by events that occurred in the past. Because of these preventive measures, title insurance is fundamentally different from all other forms of insurance, which charge annual premiums to provide insurance protection for future events. The curative work performed by title agents minimizes the fear, disruption, and distress that title claims have on homeowners. one way to compare title insurance to other lines of insurance is to imagine if a homeowner’s insurance agent came into a home and inspected all of the wiring at no additional cost to the owner. The agent then repaired any and all faulty or frayed wiring at no cost and guaranteed that none of the wiring that was repaired or any wiring that the agent could not see, would cause a fire. Finally, the agent charged a one-time fee for the inspection, repairs and guarantee that would be in effect as long as you or your heirs owned the property. The title industry finds the faulty wiring, fixes the faulty wiring and charges a one-time premium to guarantee its work, based on the value of the property.

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

paid advertisment

TITLE TIDBITS TITLE INSURANCE VITAL TO PROTECTING HOMEBUYERS (PaRt 3)


Century 21 Property Management division deals directly with prospects and tenants, saving own-ers/investors time and worry over marketing your rentals, collecting rent, handling maintenance and repair issues, responding to tenant complaints, and even pursuing evictions. Plus, a good manage-

ment company like Century 21 Shirley Hooks LLC, brings its know-how and experience to your property, giving you the peace of mind that comes with knowing your investment is in good hands.

DoES A BREAkUP CoMPLICATESECURITY DEPOSIT REFUNDS?I F OnE TEnAnT GOES AWOL, IS OTHER EnTITLED TO FuLL AMOunT?

GiNA MitchEllREALTOR®

Property [email protected]

432-940-5993

by Gina Mitchell

105 W. Doyle St #12 1/1/0 Incredible picture window of Lake Gran-bury and Comanche Peak. Large living area, new tile throughout, galley kitchen, lots of closet space. $675

2300 Andrews Ct. Phenomenal 3/2/2 2313 sq ft, lush landscaping on 4 lots. Large shop, large fenced in yard, new appliances. AND a hot tub out your backdoor. $2300

121 W Doyle 2/1.5/0 Cute colonial town home. Living and kitchen downstairs with views of Lake Granbury. Common areas include boat dock, picnic area, and laundry facility. $870

5515 Cortez Drive 3/2.5/2 Large bedrooms, 3 living areas, wet bar, beautiful formal dining and living. Small fenced yard property line all the way to tree line. Home in desired DeCordova Bend. $1600

h o t t u b

d E c o r d o V A b E N dW A l K t o s Q u A r E

l o t s o f N A t u r A l l i G h t !


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 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. $1,100,000

#100 Property consists of 500, 510, and 520 E Pearl. Also includes 110 N Cleburne Rd. No value placed on the structure. $950,00

#99 Property is in excellent condition. 92 ft concrete poured with reinforcement for heavy trucks outside. AC less than 5 yrs old, new paint outside. All offices recently redone. $550,000

#98 Austin stone, steel building, reception area, 6 separate offices, 3 bathrooms, 2 large open areas, conference room, handicap accessibility, with kitchen. $395,000

#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

#96 Currently being used as a successful flower shop, this building consists of 6 rooms and a bath. Lots of parking on the side and in the back. Two storage buildings. $138,750

G r E A t f o r A N y b u s i N E s s

l o t s o f P A r K i N Go f f i c E s P A c E

E X c E l l E N t c o N d i t i o N

s E V E r A l P r o P E r t i E s


HoW To BUY A FORECLOSED HOME PART 1

by Amy Saunders

If you are house hunting, you may want to consider buying a foreclosed home, also called a real estate owned (REO) property. An REo property is owned by the lender as a result of the previous owner defaulting on the loan. This is also known as a foreclosure property or a bank-owned property.How do you buy a foreclosed Home? The two common ways of buying a foreclosed home are through a real estate agent or through a public auction. There are many factors to consider when buying a foreclosed home compared to a traditional home purchase. REo properties are an afford-able housing option, but there are also more things to watch for with this type of home purchase. Use this guide to better understand the steps involved in buying a foreclosed home and to increase your likelihood of success in finding one that is right for you.

differences between a typical real estate transaction and tHe purcHase of an reo property

In an effort to move the property quickly, pricing for a foreclosed home is typically set at market value. You will want to submit a fair and reasonable offer, as most banks will list properties at a fair price. There are several considerations to keep in mind when purchasing an REo property: • Unknown property condition – Given that the bank has not maintained or had first-hand knowl edge of the foreclosed home prior to acquisition, there may be no record of property repairs or maintenance that would assess the true property condition. – Buyers are allowed and encouraged to complete professional home inspections on the property. • As with a typical real estate transaction, out-of-pocket expenses can occur before and after an offer to purchase a property has been submitted. These out-of-pocket expenses may include lender-required documentation such as an appraisal or home inspection and bank-required minimum earnest money • Prior to closing, a buyer should work with their agent to coordinate the date on which they may take possession of the property. Title issues may be discovered during the closing process and will need to be addressed and resolved, along with completion of all necessary paperwork to support the transaction. An extension of the close date may be requested by the seller if these issues cannot be resolved by the contract close date.

AMy sAuNdErsREALTOR®

[email protected]


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


c h E f ’ s K i t c h E NW o N d E r f u l V i E W

#216 4/3.5/2 A full outdoor kitchen on a beautiful deck. Seller has just installed A BRAND NEW TRAM for easy access to the lake with a new deck also built at the bottom. $485,000

#159 2/2/0 Second story 2-2 condo with private balcony, hardwood floors, open floor plan & covered parking. Chef’s kitchen features granite, stainless steel appliances, custom cabinets. $229,900

#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

#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

b u i lt - i N s G A l o r E o P E N l i V i N G

#105 4/3/3 Well planned dream kitchen with granite counters. open concept home with luxurious master bedroom and bath. Two family rooms with an office or formal dining room. $389,000

#129 2/2/4 Awesome doesn’t start to describe this wonderful property. Custom built w every amenity including 4plus acres of beautifully landscaped land. $249,000

d r E A M K i t c h E N b E A u t i f u l ly l A N d s c A P E d


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

JUDYADDISoN


CARoLE ALFoRD


CARLA BANDERA


LISA BURWELL


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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


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.

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