COMPLIMENTARY

A Publication of the Granbury Association of REALTORS AUGUST 2012

GranburyHomesGuide.com

The Waterfront Experts

. . . and The Authority on Real Estate

R E A L
Pam Knieper owner/broKer

E S T AT E

www.LakeGranburyRealEstate.com

817.219.0456

Custom Victorian manor on 10+acres, wrap around porches, built-ins, 2400 sqft barn.

Offered at $549,000

Excellent 2/2 condo near the golf course in gated community, open concept, lots of space.

Offered at $89,900

New 4/2/2 construction, great location, open concept, lovely finishes thru-out.

Offered at $239,000

Custom built 3/3/3, large cove just off mainbody, open & spacious floor plan, boat dock.

Offered at $425,000

Great weekend getaway or full-time place! 3/2/2, excellent potential, boat dock.

Offered at $199,900

Big comfortable home, updated nicely, beamed ceilings, game room & sunroom+dock.

Offered at $299,900

Waterfront home, high ceilings, spacious floor plan, lots of windows, big deck & dock.

Offered at $349,900

Fabulous country setting on 3 acres, sparkling pool, endless entertainment options.

Offered at $359,000

Amazing lake view! Huge windows, lots of light, open concept, vaulted/beamed ceilings.

Offered at $479,500

Impressive home, walk-out water, well designed floor plan, big trees, built-ins thru out.

Offered at $649,000

Beautiful home comes fully furnished, open floor plan, great backyard, nice boat dock.

Offered at $439,000

Offered at $299,000 Excellent home in Pecan Plantation, open concept, gourmet kitchen, nice landscaping.

2011 KNIEPER REALTY, INC.

Fabulous waterfront home, chefs kitchen, large living, boat dock + 880 sqft man cave.

Offered at $499,000

Riverfront home in Pecan, new retaining wall, lots of French doors, bright & open.

Offered at $252,500

Waterfront getaway! Mainbody waterfront home has been updated, incredible lake view!

Offered at $179,000

Steve Cook
32 Years Experience Multi Million Dollar Producer

LINDA BLANKENSHIP
26 Years Experience Multi Million Dollar Producer
REALTOR Associate

Cell: 817-929-3905

Broker Associate

RE/MAX Lake Granbury

4810 Hwy. 377 E. Granbury, Texas 76049
Each Office is Independently Owned and Operated

817-579-1504

Cell: 817-219-5774
234-STUNNING CUSTOM BUILT HOME! 4 bedrooms, 2.5 baths. Open concept. Granite counters. Large fenced yard with huge oak tree. Rock patio. HOT TUB! Built-in barbeque. RV/boat parking. BEAUTIFUL! Only $249,500 MLS# 11742505

204-PECAN PLANTATION 2+ ACRES! Bring your horse or just enjoy the privacy of this equestrian lot. Custom home, just under 3000 sq.ft., 3 bd., 3 bath, study, plus exercise room & 3 full car garage. Large covered patio, well landscaped yard, beautiful trees. Quality through-out! $349,900 MLS# 11796390 270-GOLF COURSE DREAM HOME, DCBE! Custom built 2006 by Stephen Miller. Great floor plan, fantastic views. High energy efficiency, granite thru-out, very open concept with large kitchen, and beautiful master suite. Large covered patio, very private location. $378,000 MLS# 11726285 289-NUT CRACKER GOLF COURSE, in Pecan Plantation! Custom 4 bedroom, 3 bath, full 3 car garage, great kitchen w/granite, large open living area, and game room. Fantastic golf course view, well landscaped, mature trees. $319,000 MLS# 11728932 202-DECORDOVA RANCH! Builders personal home with all the extras. Beautifully decorated, stained concrete floors, stone fireplace, fantastic floor plan, 2 full & 2 half baths, 3 spacious bedrooms & study. 3 car garage, well landscaped yard, very private. High energy efficiency. $374,500 MLS# 11753261 607-NEW WATERFRONT LISTING! Great location just off the main lake, excellent water frontage, huge dock with sundeck & jet ski storage. Spacious 3/2 manufactured home, 2 living areas, immaculate condition, most furniture included. East side of lake. $139,500 MLS# 11535777 807-MOUNTAIN LAKES! Peaceful setting on 2 acres, nice trees, large deck, above ground pool & workshop. Spacious 3/2/2, large open living room, 2nd living area could be formal dining. Great kitchen with granite, screened in porch. Access to private lakes, pool, club house. $214,900 MLS# 11794234 426-DAZZLING SKILAKE HOME!! Almost new custom brick/rock 3bd/3ba/2 living areas, gourmet kitchen, study. $111.00 monthly utilities! Seawall, dock/lift, adjoining lot available, fabulous views, upscale community! Over THE TOP!!! $345,900 MLS# 11798135 240-LOVELY 3BD/2BA ON FT. WORTH SIDE IN GREAT NEIGHBORHOOD. Open living/dining with plank floors. Great eat in kitchen looking into living area. Corner fireplace. Texas master bath. Fenced yard. NICE! $129,500 MLS# 11788896

257-WELCOME TO PARADISE!!! Enjoy this fabulous pool/spa with rock accents & gorgeous landscaping. Like new 3bd/2ba with open concept, lots of tile & wood floors. Upscale waterfront neighborhood. OVER THE TOP! $259,900 MLS# 11800722

265-OUTSTANDING 3/2/2 on almost 1/2 acre. Gorgeous setting. Very open with many windows. Split bedrooms. Large kitchen. Formal dining. Oversized garage w/ work area and wide driveway w/20 extension, room to park RV/boat. LAKE ACCESS! $195,000 MLS# 11773697 421-2700+ SQFT WATERFRONT HOME ON COVE!! 3/3, could be 4! Open concept, study/office. Windowed sunroom, 16X16 Trex-like deck, 28X12 shop/storage. Huge double boat dock + jet ski lifts. MANY UPDATES! TREES! NICE!! $339,000 MLS# 11780924

COMPLIMENTARY

A Publication of the Granbury Association of REALTORS AUGUST 2012

Scan the QR code to visit our website.

GranburyHomesGuide.com

WWW.GRANBURYREALTORS.COM
4 Tips to Determine How Much Mortgage You Can Afford Page 6 Find the Home Loan that Fits Your Needs Page 13

ASSOCIATION EXECUTIVE :

ADVERTISING & STORY SUBMISSION Emily Burks AE@GRANBURYREALTORS.COM

EXECUTIVE ASSISTANT :

Pat Angeley SUPPORT@GRANBURYREALTORS.COM Negotiate Your Best Home Buy Page 18 7 Steps to a Stress-Free Closing Page 24

All real estate advertised in this publication is subject to the Federal Fair Housing Act, which makes it illegal to advertise any preference, limitation, or discrimination based on race, color, religion, sex, familial status, handicap, or national origin, or an intention to make any such preference, limitation, or discrimination. This publication will not knowingly accept any listing or advertising for rental or sell of real estate which is in violation of the law. Our readers are hereby informed that all dwellings advertised in this publication are available on an equal opportunity basis. The Homes Guide is published by GAR, 2504 James RD, Granbury, Texas 76049 * (817) 3262530. All information in this publication is believed to be accurate, but is not guaranteed. All information should be independently verified by the customer. GAR assumes no liability for any advertisement in this magazine. GAR reserves the right to refuse advertising space to anyone for any reason. Any reproduction, in whole or in part, or any commercial attempt to cover or alter the appearance of this publication without the written permission of GAR is expressly forbidden. All rights reserved.

Keep Your Home Purchase on Track Page 28

5 Tips to Save Money on Home Owner s Insurance Page 29

BOARD OF DIRECTORS:
PRESIDENT : PRESIDENT ELECT : PAST PRESIDENT : SECRETARY : TREASURER : DIRECTOR : DIRECTOR : DIRECTOR : DIRECTOR : DIRECTOR : TAR DIRECTOR :

2012 COMMITTEE CHAIRS

Kay Bailey Kimberly Shook Pamela Z. Miller Freddie Crawford Debbie Van Dyke Denise Ray Laura Life Jerry Williamson Joy Paris Joe Rhodes Vickie Davies

BYLAWS : Pamela Z. Miller FINANCE : Debbie Van Dyke GOVERNMENTAL AFFAIRS : Steve Foster MEMBERSHIP : Scott Bradley MULTIPLE LISTING SERVICE : Debbie Van Dyke PROFESSIONAL DEVELOPMENT : Felicia Peters PROFESSIONAL STANDARDS : Judy Hallowell PUBLIC RELATIONS : Charlie Parrish/ Andrea Smith SPECIAL EVENTS : Carol Seitz TREPAC : Leigh York

2504 James Road, Granbury, TX 76049 PHONE: 817-326-2530 FACSIMILE: 817-326-2545 WWW.GRANBURYREALTORS.COM

Affordable Luxury
The Peninsula on Lake Granbury

Spectacular Garden Home

Fountain Village

Panoramic Golf Course View Home

in Pecan Plantation

Panoramic Views
- 2193 square Feet - 3 Bedrooms - 2.1Baths - 2.72 Acres - No City Taxes

No Yard Maintenance
- 2713 Square Feet - 3 Bedrooms - 3 Full Baths - Split Bedrooms - Gated Community

$229,000

$269,000

Affordable Lake Living

Port Ridglea

Executive Style Home

Mallard Pointe on Lake Granbury

Boat Dock With Lift

- 1568 SQFT - 3 Bedrooms - 2 Baths - XL Storage Building - Covered RV Parking

Deeded Boat Slip

- 3217 sq. ft. - 4 bedrooms - 3 Baths - 3 Car Garage -1.4 Acre Lot

$139,900

$375,000

Beautifully Landscaped
The Peninsula on Lake Granbury

Panoramic Golf Course View Home

Pecan Plantation

Zoned For Horses

- 2261 sq. ft. - 4 bedrooms -2.5 Baths - 2 Acre Lot - 2 Dining Areas

3-Tiered Deck with Spa

- 2454 square Feet - 4 Bedrooms - 2.5 Baths - Golf Course Lot - Country Club

$239,900

$169,000
5

4 Tips to Determine How Much Mortgage You Can Afford

By: G. M. Filisko Published: March 11, 2010 By knowing how much mortgage you can handle, you can ensure that home ownership will fit in your budget. Homeownership should make you feel safe and secure, and that includes financially. Be sure you can afford your home by calculating how much of a mortgage you can safely fit into your budget. Instead of just taking out the biggest mortgage a lender qualifies you to borrow, consider how much you want to pay each month for housing based on your financial and personal goals. Think ahead to major life events and consider how those might influence your budget. Do you want to return to school for an advanced degree? Will a new child add day care to your monthly expenses? Does a relative plan to eventually live with you and contribute to the mortgage? Still not sure how much you can afford? You can use the same formulas that most lenders use, or try another of these traditional methods for estimating the amount of mortgage you can afford. 1. The general rule of mortgage affordability As a rule of thumb, you can typically afford a home priced two to three times your gross income. If you earn $100,000, you can typically afford a home between $200,000 and $300,000. To understand how that rule applies to your particular financial situation, prepare a family budget and list all the costs of homeownership, like property taxes, insurance, maintenance, utilities, and community association fees, if applicable, as well as costs specific to your family, such as day care costs. 2. Factor in your downpayment How much money do you have for a downpayment? The higher your downpayment, the lower your monthly payments will be. If you put down at least 20% of the homes cost, you may not have to get private mortgage insurance, which costs hundreds each month. That leaves more money for your mortgage payment. The lower your downpayment, the higher the loan amount youll need to qualify for and the higher your monthly mortgage payment. 3. Consider your overall debt Lenders generally follow the 28/41 rule. Your monthly mortgage payments covering your home loan principal, interest, taxes, and insurance shouldnt total more than 28% of your gross annual income. Your overall monthly payments for your mortgage plus all your other bills, like car loans, utilities, and credit cards, shouldnt exceed 41% of your gross annual income. Heres how that works. If your gross annual income is $100,000, multiply by 28% and then divide by 12 months to arrive at a monthly mortgage payment of $2,333 or less. Next, check the total of all your monthly bills including your potential mortgage and make sure they dont top 41%, or $3,416 in our example. 4. Use your rent as a mortgage guide The tax benefits of homeownership generally allow you to afford a mortgage payment-including taxes and insurance-of about one-third more than your current rent payment without changing your lifestyle. So you can multiply your current rent by 1.33 to arrive at a rough estimate of a mortgage payment. Heres an example. If you currently pay $1,500 per month in rent, you should be able to comfortably afford a $2,000 monthly mortgage payment after factoring in the tax benefits of homeownership. However, if youre struggling to keep up with your rent, consider what amount would be comfortable and use that for the calcua-

tion instead.

Also consider whether or not youll itemize your deductions. If you take the standard deduction, you cant also deduct mortgage interest payments. Talking to a tax adviser, or using a tax software program to do a what if tax return, can help you see your tax situation more clearly. G.M. Filisko is an attorney and award-winning writer whos owned her own home for more than 20 years. A frequent contributor to many national publications including Bankrate.com, REALTOR® Magazine, and the American Bar Association Journal, she specializes in real estate, business, personal finance, and legal topics. Visit houselogic.com for more articles like this. Reprinted from HouseLogic with permission of the NATIONAL ASSOCIATION OF REALTORS Copyright 2012. All rights reserved.

Granbury Association of REALTORS Page 6

ABR, CRS, GRI, SRES Managing Broker

Felicia Peters,

felicia@feliciapeters.com www.feliciapeters.com
Mainbody Waterfront
ice Pr on GE ucti HU Red

817-578-0555

UNITED REALTY PROFESSIONALS

Incomparable 4-3.5-3 home on mainbody of Lake Granbury. Very gently used with custom decorated window treatments, crown molding and neutral colors. Granite counters accent the stylish kitchen. Double boat dock. $699,000

Country home on 3.9 ac on the Brazos River. Lovely rooms 3 levels - tornado room in basement Media room with giant projection screen Black granite counter tops Stainless appliances woodfloors. $314,000

n n ca o Pe ntati a Pl

Ab

es

La

i nd

ng Ti m b

C er

e ov

Like new home in Pecan with 3 bedrms, 2.5 baths plus a home office and 3 full car garage on large tree shaded lot $179,500

Old World charm in this spacious home with soaring ceilings with triple crown molding, wonderful great room open to the huge kitchen. The study can be used for a music room or sitting room. The covered porch in back has an extra fireplace too! $214,500

va do or d eC Ben

Great 4 bedroom, 3 bath home on the Fort Worth side. Neutral tones throughout. Granite counters and stainless appliances in kitchen. Backyard patio covered with pergola. Fourth bedroom would make a great home office! Priced to sell quickly at $220,000

r Fo

a Le

se

n n ca o Pe ntati a Pl

Unbelievably beautiful custom home with upscale fixtures, appliances crown molding and design features youve dreamed about. Attention to detail is evident everywhere. The back patio has a charming pergola. $280,000.

Best Deal on Hwy 377 for Executive Office Spaces. Several sizes available. Call today. 1st month free rent!!

Wonderful home with 4 bedrooms, formal dining and open concept floorplan. Recently replaced microwave, range and dishwasher with stainless. Delightful tree shaded lot in Pecan Plantation. $158,500

y ne to eek S r C

Ol

w To

ne
e Tr

i sV

as st

Large landscaped yard with room for a fabulous salt water pool! Upscale custom home in Stoney Creek with desirable Acton schools. $210,000

Beautiful Carftsman style home by Chris Thomas in the heart of Granbury featuring granite counters hardwood flooring and custom cabinetry. Just a short walk to the City beach and Hewlett Park for only $262,500

Over 2 acresss in the the gated subdivision of Tres Vistas. And this lot has a wonderful view to enjoy! $98,000

914 Thelma. Spectacular New Walk Out Waterfront. Large boat dock. Ft Worth side. 2 Living, 3 Bedroom, 3 Baths & Oversize Double Garage. Outdoor kitchen, hot tub, gas firepit. $559,900

2009 Wigeon Austin Stone Home in Mallard Pointe. Updates. New carpet and interior paint. 4 Bedroom, 2.5 Baths, 3 Car Garage. One Acre Lot. Includes Boat Slip in Marina. $299,900

10411 Ravenswood Nice home in Pecan Plantation. 4-2.5-2 with a golf cart garage. Newer carpet and paint. New roof and gutters. $174,900

2116 Sierra Vista Neat and Cozy 3/2/2 in Spanish Trail on Cul de Sac with fenced yard and screened porch. Gas Range and Refrigerator Included. $94,900

TrusT. jusT as imporTanT as The number of bedrooms and baThs.

Only REAlTORS cOmplETE OngOing mAndATORy EThicS TRAining.
When youre buying a home, you want specific things: marble countertops, his and hers sinks, a three-car garage. You also need confidence, peace of mind and trust. You want a REALTORsomeone committed to doing business according to a strict, professional code. REALTORS complete real estate business ethics training every four years as part . of their membership in the National Association of REALTORS , , When youre ready to buy a home, work with a REALTOR a member of the National Association of REALTORS who can explain options that best fit your situation.

REALTORS are the best source for real estate information. Working with a REALTOR gives buyers, sellers and investors the advantage they need to succeed in todays market. Every markets different, call a REAlTOR today.
Houselogic.com/buyandsell
2010 National Association of REALTORS .

Buying or Selling in 2012?

Granburys Favorite Realtors

INCREDIBLY BEAUTIFUL TREED DOUBLE LOTS WITH WALK OUT WATER JUST OFF MAIN BODY AND POOL! Large family home with fresh paint and carpet inside and out. Large outdoor covered patios, pool bath, large workshop and RVboat storage area. Two fireplaces and huge family room with vaulted ceilings. Three hot water heaters, several HVAC units, separate storage area for fishing and water equipment and great boat dock. $369,000

SPACIOUS HOME ONE CORNER LOT IN DECORDOVA BEND ESTATES. Lovely home with large rooms throughout create a warm home as you enter the tiled entry. A extra large eat-in kitchen with worlds of storage and china cabinets features a large island and double ovens. Fridge, dining room table and chairs, washer and dryer included in sale of the home.A $4000.00 carpet allowance with agreed on Price $138,900

Fantastic Mainbody lake home. Located in quite cul-de-sac with huge lake view and porches. Almost new 2 deck boat dock with trec like decking and two slips. Fireplace for year-round enjoyment, privacy, four bedrooms and screened in porch. This is the lakehouse you always hoped to find and seldom do. Excellent condition and move in ready $319,000

LLC

Your Dream...

Our Goal
The best mortgage possible from a name you trust!
New Loans Conventional Loans Home Equity Loans Interim financing Lots/Land Home Improvement Loans Commercial Construction Re-Finance Remodel Custom Homes

FHA/VA/USDA Loans

Vice President, Mortgage Lending Manager

Ron Hampton

Apply online at www.mgfnb.com

10

817-279-6655
FAX 817-279-6645

MEMBER

PAT Swisher
REALTOR

817-219-1969
REALTOR Associate

CALL ANYTIME

pat.s@coldwellbanker.com

READY TO MOVE Y O U R W E L C O M E M AT - C A L L PAT

RE PR DU ICE CE D RE TR EA T

www.granburycoldwellbanker.com

#31043 EXTRAS! RV Barn, Efficiency Guest Quarters, Work Shop, Extra Detached Garage. On 1.9 Acres with Trees. Brick 3/2/2 Home with Fireplace, Formal Dining, Granite Countertops & New Appliances. Chaparral Estates, near Hunter Park on the Lake. $269,000 FIRM

LA KE FR ON T

#21203 Lakeside Two-in-One. 3653 sq.ft. includes attached guest suite. Open or lock apart. Total 5 bedrooms, 3 baths, 2 living, 2 kitchens, 2 utility areas, sunroom. Waterfront has boat ramp & boat slip. $249,000

#60153 Private setting with large front lawn and Pecan Trees. Spacious Palm Harbor DW with 3/2 Screened Porch & Covered Deck. 30x30 Shop Building w/elec. $112,900
Adjoining Properties Currently Rentals #39103 2006 SW Home 3/1 on large lot. $36,900 #13783 2006 SW Home 3/1 on 2 lots. $36,900 These can be bought as a package deal. Also with #60153.

RI VE RF RO NT

TH E

#74093 Pecan Tree Shaded 1.639 ac. corner lot. One Owner Custom 2971 sq.ft. Formal Home. Open Living & Dining with Fireplace. Large Den/Study. Big master suite + 2 guest bedrooms. 2 Utility areas. Covered Patio, Beautiful Landscaping. Circle Drive at front. 2-Car Garage + Storage/Golf Cart Bldg. $379,000

#77183 Shade & Privacy Provided By The Many Trees to Enjoy the Enormous Deck Overlooking the Brazos River. One Owner Custom Home 2922 sq.ft., built by Brian Gaffin. Beautiful Woodwork Throughout. Huge Kitchen has an Abundance of Cabinets & Counterspace. 4 Bedrooms, 3 Full Baths. Sunroom with heat and A/C. $279,000
#62083 RESORT LIVING Come for the Weekend or Stay Forever. Lake access. Walk to all Downtown Activities and City Beach. Clean 1368 sq. ft. 3 bedroom, 2 bath. Nice covered parking & covered patio. Fenced Yard. Storage Bldg. New Roof. NOW $104,900 #57303 10 Acres with Trees, South of Granbury. No Subdivision. Well, septic, and electric on property. Has 26 x 100 Shed/ Carport/Storage Bldg. + 12 x 22 Workshop. Older farmhouse and mobile on property 11 need TLC. $139,000
HA RB O R

1.6 9A CR ES

10 AC RE S

RE NT AL S

BR AZ O S

3405 E. Hwy 377, Suite B Granbury, TX 76049 817-573-7564 Visit us on the web - www.albertland.com

817-279-2676

Albert Land, Owner Broker email: albert@albertland.com

# 125 SECLUDED 3-2-2 BRICK COUNTRY HOME on 17.3 ACRES; large pecan and oak trees; beautiful country style home; lots of covered porch with view of pond & creek; spacious island kitchen; landscaped yard area w/sprinkler; coastal pasture; nice barn w/pens & hay storage. Asking $269,000

# 210 A WALL OF WINDOWS VIEWS LAKE GRANBURY beautiful 4 bedroom, 3 bath, 2 story home in Gated Golf Course Community: home offers 2 master suites; recently completed remodel shows off an elegant home loaded with amenities : Granite kitchen tops, stainless whirlpool gold series appliance pkg., lots of ceramic flooring, custom lighting & faucets, zoned A/C Heat system and more; a 2 year old covered dock offers boat lift and double jet ski lift. $355,000

#105 CUSTOM BUILT 3 BR 2.5 BATH 2 CAR GARAGE HOME ON GREAT WOODED LOT; Split bedroom, open concept floor plan features a spacious cook top island kitchen; large master suite includes marbled jetted tub, separate marble shower, marble vanities, and walk-in closet; roomy guest bedrooms separated by jack & jill bath arrangement; shady privacy fenced back yard; oversized garage work shop area: Asking $170,000 looking for an offer!

BUILDING LOTS AVAILABLE

#735 BEAUTIFUL 8.5 ACRES IN PREMIER NEIGHBORHOOD OF LANTANA FEATURING ESTATE HOMES & PROPERTY. Perfectly located just minutes from Granbury or I-20 to anywhere. Breathtaking views, mature trees, several great building sites, and horses welcome. $75,900

# 145 BEAUTIFUL HILLTOP 9.9 ACRE WOOD TRACT with this spacious 3 BR, 3 BATH, 2 CCP manufactured home offering a shop building, 34 X 40 livestock barn, and a very secluded setting; open concept split bedroom floor plan with 2 living areas and a large island kitchen; lots of large oak trees provide ample shade and covered front and rear decking to view wildlife and scenery; enjoy the outdoors. ASKING $ 150,000

# 705 Secluded 22.7 acre tract; fenced; 2 water wells on property one with electric and pump; heavily wooded; good views; deer blind remains: Asking $95,000 Possible owner terms! Make Offer !

The Waterfront Experts

. . . and THE Authority on Real Estate.

R E A L

817.219.0456

E S T A T E

w w w. L a k e G r a n b u r y R e a l E s t a t e . c o m

12

Find the Home Loan that Fits Your Needs

Article From BuyAndSell.HouseLogic. com By: G. M. Filisko Published: February 10, 2010 Understand which mortgage loan is best for you so your budget is not stretched too thin. Its easier to settle happily into your new home if youre confident you can afford it. That requires that you understand your mortgage financing options and choose the loan that best suits your income and ability to tolerate risk.

The basics of mortgage financing

The most important features of your mortgage loan are its term and interest rate. Mortgages typically come in 15-, 20-, 30- or 40-year lengths. The longer the term, the lower your monthly payment. However, the tradeoff for a lower payment is that the longer the life of your loan, the more interest youll pay. Mortgage interest rates generally come in two flavors: fixed and adjustable. A fixed rate allows you to lock in your interest rate for the entire mortgage term. Thats attractive if youre risk-averse, on a fixed income, or when interest rates are low.

dips. ARMs also often offer a lower interest rate than fixedrate mortgages during the first few years of the mortgage, which means big savings for you-even if theres only a halfpoint difference. But if rates go up, your ARM payment will jump dramatically, so before you choose an ARM, answer these questions: How much can my monthly payments increase at each adjustment? How soon and how often can increases occur? Can I afford the maximum increase permitted? Do I expect my income to increase or decrease? Am I paying down my loan balance each month, or is it staying the same or even increasing? Do I plan to own the home for longer than the initial low-interest-rate period, or do I plan to sell before the rate adjusts? Continued on p. 14

Before

The risks and rewards of ARMs

on any mortgage, remember that slight variations in interest rates, loan amounts, and terms can significantly affect your monthly payment.

you

decide

An adjustable-rate mortgage does just what its name implies: Its interest rate adjusts at a future date listed in the loan documents. It moves up and down according to a particular financial market index, such as Treasury bills. A 3/1 ARM will have the same interest rate for three years and then adjust every year after that; likewise a 5/1 ARM remains unchanged until the five-year mark. Typically, ARMs include a cap on how much the interest rate can increase, such as 3% at each adjustment, or 5% over the life of the loan. Why agree to such uncertainty? ARMs can be a good choice if you expect your income to grow significantly in the coming years. The interest rate on some-but not all-ARMs can even drop if the benchmark to which theyre tied also

Granbury Association of REALTORS Page 13

13

Find the Home Loan that Fits Your Needs Continued from p. 13
Will I have to pay a penalty if I refinance into a lower-rate mortgage or sell my house? Whats my goal in buying this property? Am I considering a riskier mortgage to buy a more expensive house than I can realistically afford?

Lee Overstreet, GRI

115 W. Pearl St. Granbury, TX 76048
O VA

817-219-5246
REALTOR
DECORDOVA - Custom 3/2.5/2+ brick home with upgrades and extras. Two living and 2 dining areas. Granite countertops, gas fireplace, ceramic tile, carpeting and wood flooring. Separate study, walk-in closets, many built-ins. Private, fenced yard with covered patios, terracing, & landscaping. Shows very well $260,000 Very nice brick home on the #12 green in Pecan Plantation. Features include 2 living/2 dining, 2 fireplaces, split bedroom arrangement, walk-in closets in all bedrooms. New oven & microwave, HVAC upgrade, in-ground swimming pool, oversize garage w/golf cart storage, circle drive & low maintenance yard. $150,000

Consider a government-backed mortgage loan

If youve saved less than the ideal downpayment of 20%, or your credit score isnt high enough for you to qualify for a fixed-rate or ARM with a conventional lender, consider a governmentbacked loan from the Federal Housing Administration (http://www. hud.gov/buying/loans.cfm) or Department of Veterans Affairs (http://www.benefits.va.gov/homeloans/vap26-91-1.asp). FHA offers adjustable and fixed-rate loans at reduced interest rates and with as little as 3.5% down and VA offers nomoney-down loans. FHA and VA also let you use cash gifts from family members. Before you decide on any mortgage, remember that slight variations in interest rates, loan amounts, and terms can significantly affect your monthly payment. To determine how much your monthly payment will be with various terms and loan amounts, try REALTOR.coms online mortgage calculators (http://www.realtor.com/home-finance/financial-calculators/mortgage-payment-calculator.aspx). G.M. Filisko is an attorney and award-winning writer whos opted for both fixed and adjustable-rate mortgages. A frequent contributor to many national publications including Bankrate.com, REALTOR® Magazine, and the American Bar Association Journal, she specializes in real estate, business, personal finance, and legal topics. Visit houselogic.com for more articles like this. Reprinted from HouseLogic with permission of the NATIONAL ASSOCIATION OF REALTORS Copyright 2012. All rights reserved.

D G O LF N C O U R SE

EC

O R

PECAN Extensive remodeling and updating throughout. Scenic view of the #8 fairway, pond, and green. Three bedroom, 2 bath, study, 2+ car garage. Granite counter tops in kitchen, carpet and hardwood flooring, circle drive, wooded lot. REDUCED $215,500

PE

PL

TA TI

Pecan Plantation - Updated 3/2/2 brick home on shady orchard lot. Features include two living areas , granite countertops, hardwood flooring, ceramic tile & carpet, split bedroom arrangement, walk-in closets. Fenced yard, separate golf cart/ shop building. Ready for move-in. $152,000 NUTCRACKER Elegant golf course home on a quiet cul-de-sac. Relax on the large covered patio overlooking the Nutcracker #2 fairway and tee boxes. 4 bedroom, 3 bath, featuring 2 living/2 dining areas, split bedroom arrangement, circle drive, 3 car garage, fenced yard, sprinkler system, & landscaping. $269,000 Great home for the money. 3-2-2 with brick and siding exterior. Split bedroom arrangement, 10 foot ceilings in living, kitchen and dining areas. 1.5 lots, 2 storage buildings. Located in a gated community with lake access. REDUCED $135,000

C G O LF A FF O R D A B LE C O U R SE

Granbury Association of REALTORS Page 14

LO

ENJOY THIS LOVELY MAINBODY WATERFRONT VIEW EVERYDAY

PRIME COMMERCIAL WATERFRONT WILL SUBDIVIDE 5.29 acres/survey Sherri Reynolds - Broker/REALTOR 817-578-1559 - Granbury Realty sherri.reynolds@charter.net

Porter Title Company

Three Locations To Serve You!
Main Phone: 817-579-3100 Metro: 817-578-2000 Fax: 817-573-5467

377 Office
4425 Hwy. 377 E. Suite 101 Granbury, Texas 76049

Waters Edge Office

1099 Waters Edge Dr. Suite 200 Granbury, TX 76048

Plant Office
1924 Acton Hwy Granbury , TX 76049

Porter Title Company is a title and escrow company that has been serving Hood County real estate needs since 1937.

www.portertitle.com

Visit Our Website to View ALL Listings! Outstanding Agents Outstanding Results

Lake Granbury
OPEN SUNDAYS!

remax-lakegranbury-tx.com

Joy Paris, CRS, ABR Broker/Owner

817-579-1504

817-219-2939

Jeff Alexander

Linda Blankenship
817-219-5774

254-205-2733

Steve Conley

817-929-3905

Steve Cook

817-776-0323

Pat Correll

817-579-1504 or 800-749-8199 Outside of Granbury

816-SCENIC HILLTOP SETTING ON 5 ACRES IN MOUNTAIN LAKES. Energy efficient 2392 sq.ft. home. Open concept. 2 living areas. 38X15 screened porch. Huge 70X30 metal shop with full living quarters. $335,000 MLS# 11777074

411-CHARM AND CHARACTER ON MAINBODY IN DCBE. Easy access waterfront faces southeast for spectacular sunrises and afternoon shade. Custom 3/2/2, 3400+ sq. ft. Huge living/dining with wall of windows. Massive master suite with connecting study. $625,000 MLS# 11718889

251-NEED 4 BEDROOMS IN ACTON SCHOOL DISTRICT? Very well maintained 4/2/2, plus 27x24 air conditioned workshop. High ceilings throughout. Split master suite. Huge fenced yard with garden spot. Trex-deck patio, gazebo & firepit. $178,000 MLS# 11745347

401-HUGELY LOVED, LIGHTLY LIVED IN, this immaculate remodel will take your breath away! 3 bedrooms, 2 baths - open with wood floors, granite in all baths & huge granite island. Panoramic water views (has unimproved main body waterfront). $186,000 MLS# 11726760

210-NICE 3 BEDROOM 2 BATH home in Heritage Heights. Great starter home with fireplace, large lot, new paint and nice landscaping. Close to town and shopping. $104,500 MLS# 11760766

221-ELEGANT GOLF COURSE HOME LOCATED ON 17TH TEE BOX. Large living area and glassed in sunroom. Shutters throughout - golf course views! Built-in sound system. $169,900 MLS# 11653498

244-GREAT LOCATION - FT. WORTH SIDE - Fantastic like-new custom home - Open concept with tall ceilings - spacious great room - cozy fireplace - Kitchen has granite countertops and abundant custom cabinets - and youll enjoy south breezes on the large back porch. $174,900 MLS# 11774601

828-GREAT HOOD COUNTY RANCH LAND 18 acres of pasture (2) stock tanks. 175X40 barn with 12 stalls, 10 paddocks each with piped in water. 4000 ft of piped fencing. Huge doublewide with large covered porches just waiting for you. Good sandy loam for your prized horses. $310,000 MLS# 11677293

245-DECORDOVA BEND ESTATES. Charming contemporary style home on an extra large treed & fenced lot with an inground gunite pool. Light and open floorplan, large den with WBFP & soaring ceilings. Formal & informal dining, spacious master suite on ground floor. $149,000 MLS# 11532002

226-NEARLY NEW CUSTOM HOME in gated-golf course community - Inviting Very Open 3 BR + Study, 2 BA, 3 Car Garage -Very Energy Efficient - Many Windows - 10 Ceilings - Outstanding Spacious Master Suite. $209,500 MLS# 11797024

224-BEAUTIFUL GOLF COURSE HOME, 3 bedroom, 2 bath home. Open floor plan close to clubhouses. Elegant granite counter tops, split bedrooms, walk-in closets, gas logs, sprinkler system. Plenty of trees. What a view! $164,000 MLS# 11798835

408-210 MAINBODY WATERFRONT! 3/2 fully furnished! Totally updated w/granite travertine tile & more. Sprawling open living/ dining. 2 car + RV/shop. Gazebo w/hot tub, covered dock w/2 lifts. AWESOME VIEWS! FABULOUS WATER! $369,900 MLS# 11731163

16

604-IMMACULATE WATERFRONT on the Ft. Worth side. 3 bedroom, 2 bath, would make a great weekender, with split bedrooms, boat dock, storage building. $119,000 MLS# 11646589

261-UPSCALE DUPLEX - WALKING DISTANCE TO HISTORIC SQUARE. Floorplan, both sides identical. 3178 sq.ft. total. Immaculate, many upgrades. New appliances, Energy Star Low E windows, HVAC & water heaters, carpet & paint. Let one side offset cost of living in the other. $185,000 MLS# 11762059

804-VISTA CANYON! A GATED COMMUNITY, horse riding trails, scenic views, large mature live oak trees, very private. 2010 custom built 4 bedroom, stained concrete floors, huge open living and kitchen area. 10+ acres. $339,900 MLS# 11668953

www.remax-lakegranbury-tx.com Outstanding Agents Outstanding Results

817-578-0660

Rod Davis

817-578-4841

Lynn Dirks

CRS, GRI, ABR 817-243-9089 817-279-3380

Evelyn Joseph

Gloria Mack

817-219-0896

Sally Moore

Lake Granbury
OPEN SUNDAYS!

4810 E. Hwy. 377

Granbury, Texas

Each office is independently Owned and Operated

231-OH WOW! This is a real jewel. Totally remodeled. Pristine, clean & ready for you. This 3/2 home has a 4 stall covered carport. On 3 lots with large storage building. $124,900 MLS# 11746352

417-QUALITY CUSTOM HOME ON BEAUTIFUL RIVER LOT! 3/2/2 split bedroom. Formal dining, gorgeous tile kitchen! Full RV setup. Screened porch overlooking the Brazos! Too lovely to describe!! ONLY $205,000 MLS# 11778934

258-HARBOR LAKES! Custom built, 3bd/3ba/3 car garage, large open living area, beautiful master suite with double fireplace. Spacious kitchen, granite counter tops, island and breakfast bar. Large outdoor living space overlooking pool, and fantastic view of water and golf course. $349,900 MLS# 11756584

414-THOUGHTFUL DESIGN FOR LIVING ON THE BEAUTIFUL BRAZOS RIVER!!! Sprawling 3 bedroom 3 bath, 3 living areas, hot tub/ beautiful gunite pool. 2 acres + tons of trees. Separate quarters for guests & shop. Organic/eco friendly landscaping, Country Club. TRULY UNIQUE! $309,000 MLS# 11798984

246-BACK YARD OVERLOOKS HARBOR LAKES GOLF COURSE. Beautiful newer home has a very open floor plan (over 2000 sq.ft.), spacious living area, 2 dining areas and bonus room. Master has en-suite bath with 3 walk-in closets. New roof and hot water heater installed in past year. $178,900 MLS# 11776102

602-4 BEDROOM WATERFRONT!! Beautiful views on OPEN WATER!! 4/2/2 carport, manufactured home. 2 living areas + bonus room off master. Huge covered deck, 16X14 storage-shop, rock underpinning, covered fishing dock, well + much more. LIKE NEW! - FHA financing available - $189,900 MLS# 11766859

222-SPACIOUS 3 BEDROOM, 2 BATH located in quiet neighborhood, close to town & shopping. Large backyard for the kids. Great floorplan. $153,000 MLS# 11767005

235-GREAT FAMILY HOME IN DCBE. Tremendous buy! Enjoy all the amenities, free 27 holes of golf; tennis, swimming, clubhouse, marina, parks & more. Gated & guarded entrance with 24 hour patrolled security. Large lot. Great workshop. $114,900 MLS# 11786110

266-PECAN PLANTATION CONDOMINIUM! Relax and enjoy the many amenities of the country club, and let someone else mow and maintain your home while you play. Two bedroom, 2 bath, covered parking, golf cart storage, large patio. $79,500 MLS# 11560312

823-BRING YOUR HORSES! Just under 5 acres, great location close to town. 3 bedroom, 2 bath brick home, with 2 living areas, recently updated, rustic decor perfect for country living. 36x36 metal work shop or large garage, extra covered area, 2 stall horse barn. $279,900 MLS# 11805088

248-PERFECT-SIZED RETIREMENT HOME ON GOLF COURSE with $25K workshop. On quiet cul-de-sac , this home features open floor plan with island kitchen. Split bedrooms. Wide handicap doorways, plantations, fenced yard, golf cart garage. $259,000 MLS# 11794118

229-ATTRACTIVE PRICE for those looking at making cosmetic changes. Open kitchen/family room with double doors to wood deck . Corner lot, circular drive, storage building, huge pecan trees. Seller will pay 1/2 of HOA initiation fee. Seller will consider owner financing with acceptable offer. $129,900 MLS# 11653672

413-PRIME WATERFRONT! Fantastic view and deep water, very private location, minutes from downtown Granbury. Spacious 3/2/2, recently updated, kitchen and baths have granite, FP in master suite, huge walk-in closet. Oversized boat dock, large deck to enjoy the view. Beautifully landscaped. $399,500 MLS# 11769946

264-GREAT WEEKENDER! Small A-frame, 1 bedroom, 1 bath. Newer appliances. Across the street from boat ramp. $29,900 MLS# 11718090

402-NEW WATERFRONT LISTING! Great location east side of Granbury. Good water, stone landing, double boat dock, 2 well landscaped lots, with trees. Immaculate 3/2/2 brick, extra garage for work shop, new AC and appliances. $229,500 MLS# 11684562

17

Negotiate Your Best Home Buy

Article From BuyAndSell.HouseLogic.com By: G. M. Filisko Published: June 04, 2010

Keep your emotions in check and your eyes on the goal, and youll pay less when purchasing a home. Buying a home can be emotional, but negotiating the price shouldnt be. The key to saving money when purchasing a home is sticking to a plan during the turbulence of high-stakes negotiations. A real estate agent who represents you can guide you and offer you advice, but you are the one who must make the final decision during each round of offers and counter offers. Here are six tips for negotiating the best price on a home.

Granbury Association of REALTORS page 18

1. Get prequalified for a mortgage Getting prequalified for a mortgage proves to sellers that youre serious about buying and capable of affording their home. That will push you to the head of the pack when sellers choose among offers; theyll go with buyers who are a sure financial bet, not those whose financing could flop. 2. Ask questions Ask your agent for information to help you understand the sellers financial position and motivation. Are they facing foreclosure or a short sale? Have they already purchased a home or relocated, which may make them eager to accept a lower price to avoid paying two mortgages? Has the home been on the market for a long time, or was it just listed? Have there been other offers? If so, why did they fall through? The more signs that sellers are eager to sell, the lower your offer can reasonably go. 3. Work back from a final price to determine your initial offer Know in advance the most youre willing to pay, and with your agent work back from that number to determine your initial offer, which can set the tone for the entire negotiation. A too-low bid may offend sellers emotionally invested in the sales price; a too-high bid may lead you to spend more than necessary to close the sale. Work with your agent to evaluate the sellers motivation and comparable home sales to arrive at an initial offer that engages the sellers yet keeps money in your wallet. 4. Avoid contingencies Sellers favor offers that leave little to chance. Keep your bid free of com-

plicated contingencies, such as making the purchase conditional on the sale of your current home. Do keep contingencies for mortgage approval, home inspection, and environmental checks typical in your area, like radon. 5. Remain unemotional Buying a home is a business transaction, and treating it that way helps you save money. Consider any movement by the sellers, however slight, a sign of interest, and keep negotiating. Each time you make a concession, ask for one in return. If the sellers ask you to boost your price, ask them to contribute to closing costs or pay for a home warranty. If sellers wont budge, make it clear youre willing to walk away; they may get nervous and accept your offer. 6. Dont let competition change your plan Great homes and those competitively priced can draw multiple offers in any market. Dont let competition propel you to go beyond your predetermined price or agree to concessions-such as waiving an inspection-that arent in your best interest. G.M. Filisko is an attorney and award-winning writer who has to remind herself to remain unemotional during negotiations. A frequent contributor to many national publications including Bankrate.com, REALTOR® Magazine, and the American Bar Association Journal, she specializes in real estate, business, personal finance, and legal topics.

MANDATORY ETHICS TRAINING. NOT MANY PROFESSIONALS CAN CLAIM THAT ON THEIR RESUM.

When REALTORS complete mandatory Code of Ethics training, they not only set themselves apart from other professionals in the real estate industry, they set themselves apart from many industries. When it comes to the business of buying or selling a home, its nice to know that theres someone you can count on to be honest and maintain high standards of practice. Visit realtor.org/codeofethics to learn exactly what the Code of Ethics is and how it benefits you as a customer. REALTORS are the best source for real estate information. Working with a REALTOR gives buyers, sellers and investors the advantage they need to succeed in todays market.

Every markets different, call a REALTOR today.

HouseLogic.com/buyandsell

The Granbury Association of REALTORS recommends you do business with our GREAT affiliates.

Laurel W Pirkle, Agent

301 S. Morgan Granbury, TX 76048 Bus. 817-573-5504 Fax. 817-573-6631 laurel.pirkle.b4b7@statefarm.com

24 Hour Good Neighbor Service

more
great rates, low fees friendly, responsive service quick approvals
Melissa Schaefer NMLS #441943 817-579-4902 www.communitymortgage-tx.com

20

Shirley Hooks, Inc.

- GRANBURY 817-573-8801 122 N. Crockett St. - GODLEY 817-389-2121 101 Main Street

T H E E X P E RT S I N L U X U R I O U S C A S U A L L I V I N G

WWW.CENTURY21SHOOKS.COM

Shirley Hooks
Broker

1-888-770-7356
RESIDENTIAL

#142 Canyon Creek 3/2/2 Open concept home ready for you to move in! $145,000

#139 Heart of Granbury 8/8.5/8 Turn of the century historic craftsman style home. Foreclosure! $350,000

#146 Mooreland 3/2/0 Darling home on large lot close to shopping, lake, and Historic Granbury square. $129,900

#132 Royal Oaks 3/2/2 Great location! One owner home with large fenced backyard has parklike setting that backs to beautiful pasture. $182,500

#213 Waters Edge 4/3/2 From the moment you walk in you appreciate the like new home with huge back porch! $360,000

#121 Gateway Add 3/2/2 Very nice, move-in ready home on Ft worth side of town on half acre lot! $124,900

#136 Stoney Creek 3/2.5/2 Immaculate, well cared for home wins the curb appeal award $224,900

#115 Thrash 3/2/1 Beautiful early craftsman home just blocks from downtown square. Reduced! $249,000

WATERFRONT & GATED

#1403 Pecan Plantation 5/4/2 Awesome home with tons of space! MUST see to appreciate this value. $273,000

#503 Blue Branch Ranch 4/2/4 Peaceful home on 2 acres in gated subdivision with 20 acres private lake & 100 acres of trails. $224,900

#404 Pecan Plantation 4/3/3 Stunning open concept custom home on 1.5 acres with Brazos river frontage! Reduced! $374,900

#123 Peninsula 3/2.5/2 Beautiful, upscale community home with one owner ready for you to move in! $239,900

#156 DeCordova Hills 3/3/2 Excellent location! This well maintained home sits on 2.5 acres with small vineyard! $230,000

#135 Pecan Plantation 5/4/2 Spacious home on corner lot with in-ground pool great for outdoor entertaining! Reduced! $254,000

HOMES WITH ACREAGE

#224 Harbor Lakes 3/3.5/3 The best of lake front and golf club living. Exclusive Harbor Lakes executive home. $689,000

#407 Pecan Plantation 1-1.1-CP Walk to the clubhouse for dinner or to a round of golf from this condo. $56,500

#124 Heres Your Country Home! 4/3/0 Completely remodeled on nearly 3 acres ready for your horses Re-

#507 Country Living 3/2.5/3 Wonderful country home on 26+ acres. Shows pride of ownership in home and

#505 Bosque County 4/2.5/2 Rustic Texas Hill Country home includes stock pond and lots of wildlife!

21 #504 Glen Rose 3/3/3 Lovely home on 8 acres with guest quarters. Reduced! $299,000

Protecting home ownership, now and for future generations.

A child doesnt know that owning a home helps build communities. That home ownership contributes to higher self-esteem and better test scores. They just know that home is where they belong. Its where they play, grow and learn. The National Association of REALTORS will always stand up for home ownership and strive to protect it. Because home ownership matters to our families, our neighborhoods and our country.

HouseLogic.com/homeownership

22
2012 REALTORS are members of the National Association of REALTORS

A Great Place for You...and for Mom and Dad, too!

Waterview offers everything you have been looking for. A lakefront property, custom-built homes, pool, clubhouse and dining options await you at The Vistas Edge at Waterview. On site are state-ofthe-art Independent Living, Assisted Living and Memory Care communities that include spacious apartments, many oor plans from which to choose, chef-prepared dining, and tness and wellness classes. You can keep your independence in your own home, and know that Mom and Dad are close by, receiving the care and attention they deserve. Stop by today to view our homes. We know youll fall in love with the indoor and outdoor replaces, views over Lake Granbury, beautiful kitchens and detailed woodwork. And while youre here, take a look at our communities to see what Mom and Dad could be enjoying as well.

Call us today at (817) 573-3434 to schedule a tour and learn about all the great savings going on now!

100 Watermark Blvd., Granbury, TX 76048 (817) 573-3434 www.WaterviewLife.com

A Legend Retirement Corp. Community
AL# 104023, 104024

23

7 Steps to a Stress-Free Closing

24

By: G. M. Filisko Published: February 10, 2010 By doing homework in advance, youll understand what youre asked to sign when you close the sale of your home. Youve already cleared several hurdles by finding the right home, negotiating the best price, and securing favorable financing. The last obstacle on your homebuying track is the closing, which can be both tedious and tense. By knowing what to expect and doing some legwork, you can put your closing behind you. These seven steps will guide you through a smooth closing. 1. Set a closing date Your real estate agent will work with the sellers agent and title company to schedule your closing date. Be sure it meshes with the end of your lease or the sale of your existing home and a time when youll able to play hooky from work. If youre tight on cash, schedule your closing for the end of the month because thats when youll have to pay the least amount of interest at the closing table. 2. Gather your funds You may be required to bring funds to the closing. If theyre not easily accessible, arrange early to transfer them to a liquid account to avoid last-minute problems. If the title company requires the funds in the form of a cashiers check, also leave time to stop by the bank and pick one up. 3. Purchase title insurance Title insurance protects the policyholder against trouble with a homes title. Your lender will insist that you purchase a policy to protect it. You should also consider purchasing whats called an owners title policy from the same insurer, which protects you from fraudulent claims against your ownership and errors in earlier sales. In some areas, sellers traditionally pay for the buyers title policy. Shop online at Closing.com (http://www. closing.com), EasyTitleQuote.com (http://www.easytitlequote. com), and FreeTitleQuote.com (http://www.freetitlequote.com). If your home has been sold within the past few years, ask the prior owners insurance company for a reissue discount. 4. Line up homeowners insurance Get quotes and compare policies to be sure coverage will be in effect by your closing date. An annual policy should run $500-$1,000, depending on your homes size, age, and amenities. If you live in an area where natural disasters occur, like earthquakes, floods, or hurricanes, youll need separate insurance to protect your home.

5. Review your good-faith estimate and HUD-1 settlement sheet Your lender must provide a good-faith estimate of your closing fees. Some of those fees cant change, and others can rise by 10%. Before you go to the closing, read your good-faith estimate, compare it with your HUD-1 settlement statement, and question any fees that increased. 6. Do a walk-through Schedule an appointment to walk through the home one last time just before your closing. Make sure repairs you requested have been made, no major changes have occurred since you last viewed the property, and that the sellers left anything they agreed to leave and took all their belongings. Also test electronics and appliances, such as the doorbell, dishwasher, washer and dryer, and oven, to ensure theyre functioning properly. Do the same with the hot water heater and heating and air conditioning systems. Walk the yard to be sure no plants or shrubs have been removed. 7. Resolve issues identified in your walk-through If your walk-through uncovers problems, in some states you can delay the closing until the seller corrects them. But thats often not feasible because your lease is probably over and youve already scheduled movers. Another option is to negotiate a discount to your sales price to cover the cost of the work needed. If the air conditioning is on the fritz and a contractor says the repair will cost $500, ask that the sales price be reduced by that amount. If you make that request at closing, however, be ready for a delay while the title company redoes the paperwork. A third option: Have the title company hold a portion of the sellers proceeds in escrow until the dispute is resolved. Once that happens, the funds will be released to you or the seller, depending on the outcome. More from HouseLogic Do you have the right amount of homeowners insurance? (http://www.houselogic.com/articles/homeowners-insuranceare-you-over-or-underinsured/) Shop for an umbrella policy when you shop for homeowners insurance (http://www.houselogic.com/articles/whats-coveredumbrella-insurance/) G.M. Filisko is an attorney and award-winning writer who has endured several property closings, but the easiest was done through the mail. A frequent contributor to many national publications including Bankrate.com, REALTOR® Magazine, and the American Bar Association Journal, she specializes in real estate, business, personal finance, and legal topics.

25 Granbury Association of REALTORS page 25

SALLY MOORE
RE/MAX Lake Granbury
BROKER/ASSOCIATE

Cell: (817) 219-0896 salsells@windstream.net

(817) 579-1504

817-578-0660
Rdavis042@windstream.net
Each Office is Independently Owned and Operated

SALSELLSGRANBURYREALESTATE.COM 4810 E. Hwy. 377, Granbury, Texas 76049 Each Office is Independently Owned and Operated
805-GORGEOUS 4 BEDROOM, 4 BATH, 2 STORY ROCK CRAFTSMAN STYLE HOME ON 20 ACRES. Outdoor kitchen, pool & spa. Separate 2 bedroom, 1 bath guest house. 2 barns, well & pond. Fenced & cross fenced. $775,000 MLS# 11784489

4810 E. Hwy. 377 Granbury, Texas 76049

817-579-1504

www.roddavis.remaxtexas.com

REALTOR Associate

Rod Davis, ABR

273-GORGEOUS HEAVILY TREED CREEK SETTING with wood deck & outdoor patio. Charming 3 bedroom home with designer touches, stainless kitchen appliances, granite tile countertops & hard surface floors. Fireplace & 2 living areas. $159,900 MLS# 11747956 220-BEAUTIFULLY LANDSCAPED with all the amenities and gorgeous curb appeal. Open concept, island kitchen, granite counters; heavy moulding; split bedrooms; jetted tub; gas logs; c-fans, golf cart garage, circle driveway. $239,000 MLS# 11780177 200-COZY AND WELL MAINTAINED one-story 3 bedroom home with two living areas on quiet street in DCBE. Nice-size kitchen with breakfast bar opens to family room with woodburning fireplace. Large back yard. $149,900 MLS# 11678828

405-LAKE GRANBURY MAINBODY WATERFRONT 3 story, contemporary style living. 4 BR, 3 baths, 3 car garage. Views from almost every room of the house. Double decker boat dock with boat & jet ski lifts. $499,000 MLS# 11730052

406-WATERFRONT HOME with spectacular views of water and trees. 3BR/3 BATH, open living, dining and kitchen. Glassed sunroom with mini kitchen. Inground heated, pool and spa. $320,000 MLS# 11779825

272-WOW! Youll think youre in a ne home. New paint & carpet, c-tile floo Granite c-tops & mosaic backsplash kitchen. New appliances. Refinished cabinets & doors, new lighting fixture c-fans. New wood deck. $229,000 MLS# 11787190

218-VERY UNIQUE 3 STORY 2 bedroom, 2 bath home in Mountain Lakes. Great views from the many windows and decks. 1st floor living, kitchen, dining needs finish out. $68,000

253-FIRST CLASS CUSTOM DESIGNED HOME with all the amenities. Plantation shutters, 2 fireplaces, screened-in porch, lighted glass cabinetry, plated shelves, granite countertops, wood floors, heavy gaug metal roof, and relaxing orchard settin in Pecan Plantation. $199,000 MLS# 11654515

236-BEAUTIFUL TREED GOLF COUR SETTING IN DCBE. Wrought iron fenc back yard with covered porch and hug deck overlooking 10th green. New pain and trim, granite countertops in maste bath suite. $279,000 MLS# 11767795

260-PECAN PLANTATION 3BR-2 bath-2 large living areas with WBFP. Split bedroom arrangement, eat in kitchen & formal dining area. Upstairs game room with bath. Sprinklers, circle drive. $174,000 MLS# 11556189

254-LIGHT & BRIGHT, sitting in nice neighborhood with quick access to Hwy. 377 on Fort Worth side. 3 bedrooms, 2 baths, on corner lot. Goo starter home for first-time homebuyers or for investors. $90,000 MLS# 11743987

26

903-LOTS OF ROOM IN THIS 4BR, 2 BATH MANUFACTURED HOME. Open concept, living, dining & kitchen. Split bedroom, separate cozy den with fireplace. Located on large corner lot. $60,000 MLS# 11771961

416-GORGEOUS RIVERFRONT HOME ON 2 LOTS IN PECAN PLANTATION; 1 assessment. Separate studio with half bath for art, hobbies, or guest quarters. Great river views. Master down; 3 fireplaces; 3 living areas. Seller will look at lease offer. $287,000 MLS# 11595055

282-MULTI-LEVEL RIVERFRONT HOME in Pecan with 2-level deck overlooking river. 4 bd, 2 baths, about 2862 sq.ft. 2 lots & 1 assessment. Updated island kitchen with granite, wood floors. Attache 2-car garage with walled off golf cart or workshop space. $299,000 MLS# 11778729

27

Keep Your Home Purchase on Track

Article From BuyAndSell.HouseLogic.com By: G. M. Filisko Published: March 30, 2010 Youve found your dream home. Make sure missteps dont prevent a successful closing. A home purchase isnt complete until you make it to the closing. Until then, the transaction can fall apart for many reasons. Here are five tips for avoiding mistakes that cause a home sale to crater.

The lender may refuse to fund your loan if you quit or change jobs before you close the purchase. The time to take either step is after a home closing, not before.

3.Keep your job

4. Meet contingencies

If your contract requires you to do something before the sale, do it. If youre required to secure financing, promptly provide all the information the lender requires. If you must deposit additional funds into escrow, dont stall. If you have 10 days to get a home inspection, call the inspector immediately.

1. Be truthful on your mortgage application

You may think fudging your income a little or omitting debts when applying for a mortgage will go unnoticed. Not true. Lenders have become more diligent in verifying information on mortgage applications. If you fib, expect to be found out and denied the loan you need to fund your home purchase. Plus, intentionally lying on a mortgage application is a crime.

5. Consider deadlines immovable

Get your funds together a week or so before the closing, so you dont have to ask for a delay. If youll need to bring a certified check to closing, get it from the bank the day before, not the day of, your closing. Treat deadlines as sacrosanct. G.M. Filisko is an attorney and award-winning writer who wanted a successful closing on a Wisconsin property so bad that she probably made her agent rethink going into real estate. A frequent contributor to many national publications including Bankrate.com, REALTOR® Magazine, and the American Bar Association Journal, she specializes in real estate, business, personal finance, and legal topics. Visit houselogic.com for more articles like this. Reprinted from HouseLogic with permission of the NATIONAL ASSOCIATION OF REALTORS Copyright 2012. All rights reserved.

2. Hold off on big purchases

Lenders double-check buyers credit right before the closing to be sure their financial condition hasnt weakened. If youve opened new credit cards, significantly increased the balance on existing cards, taken out new loans, or depleted your savings, your credit score may have dropped enough to make your lender change its mind on funding your home loan. Although its tempting to purchase new furniture and other items for your new home, or even a new car, wait until after the closing.

28 Granbury Association of REALTORS page 28

5 Tips to Save Money on HomeOwners Insurance

Raise your deductible. An increase from $500 to $1,000 could save up to 25% on your annual premium.

D C B E

4013 FAIRWAY DeCordova Bend Rock Kuykendall Golf Course Home w/Split Plan*18th Fairway Granite Kitchen & Newly Updated *Rock FP*Housewide Back Porch $157,500

Check the financial health of any home owners insurance company youre thinking of buying a policy from. Ask friends and family if theyve had any experience with the company to find out if it handles claims fairly and efficiently.

D C B E

5006 RIO VISTA DeCordova Bend Brick ReDO 3/2/2 with 1900sqft * 4 Plank Hardwood Floors* Granite * Stainless & Farm SINK * Crookneck Rear Entry Garage enough for Cart $164,500

Dont drop flood insurance to cut costs. Standard home owners insurance doesnt cover flood damage and 25% of all flood losses occur in lowrisk areas.

Look into multi-policy discounts. Buying several policies with the same insurer, such as home owners, auto, and life, usually gets you a discount on all the policies.

3818 WINDING WAY PORT RIDGLEA WEST Newer brick waterfront 3/2/2 hardwood, granite, stainless, dock, life, jet ski platform on natural cove! It has it all! $319,000

ITS A GREAT TIME TO BUY.....

Lowest Interest Rates in Decades GRI

If local home values have fallen, insuring your home for its real estate value may cost less than insuring it for its replacement value (the cost to rebuild) but will leave you without enough money to rebuild after a disaster. Dont opt for home value coverage unless you can afford to cover the excess replacement costs.

Kay Bailey,
817-776-1668
UNITED REALTY PROFESSIONALS

Source: Insurance Information Institute

100% Financing Available for Qualifying BUYERS. SHORT SALES & FORECLOSURE Resources Certified

www.GranburyRealProperty.com
29

GranburyColdwellBanker.com
or with your SmartPhone at

To access info on all MLS Listings, visit

MyCBmobile.com

For info by phone 24/7, call 817.573.4663

817.579.5355

2043 - Beautiful Craftsman style home in the heart of Granbury. Upscale amenities include granite counters, hardwood floors and so much more. Walk to Hewlett Park, the Square and the beach. $262,500

73073 Immaculate 3/2.5/2 Home & Beautiful Yard. Large Pecan trees with an exceptional landscaping. Flagstone patio and front porch. Sun Room/Reading Room! Great place to enjoy your morning coffee! $199,000

13043 Well cared for home in GREAT LOCATION! Corner lot!! Two car garage is FINISHED OUT and floor has paint coating. Professionally landscaped. BEAUTIFUL HOME is ready for you and your family to move in! $169,000

33093 - This home is nestled on two acres with beautiful Oaks trees. An impressive iron gate welcomes you home. 24x40 RV or boat garage, detached 22x18 garage or shop. Light and bright! $249,000

40133 - MOTIVATED Seller of GOLF Course Home on 18TH FAIRWAY*Open Concept with LIVING DINING Combo*TILE Floors*CARPET in Oversized BEDROOMS*LANAI almost the length of House* $157,500

63073 - Very Nice, Comfortable Home with Open Floor Plan. Sits Pretty on Quiet Corner in Gated Community of DeCordova Bend Estates! Fenced yard and FLAG POLE! See to truly appreciate! $137,000

31103 - Beautiful salt water pool in landscaped back yard still leaves room for large play area on over half acre lot. Lovely custom home in Stoney Creek has all the bells and whistles. YOULL LOVE THIS HOME! $210,000

55053 - DECORDOVA BEND! Very Private, large trees. Many updates and appliances go with the sale. 3/2/2, large open living area. 25 x 14 WORKSHOP! $159,000

96283 - Main Runway Home in Pecan, Private 60 x 50 Hangar with 50door, RV-boat storage & Outside Cement-Parking. 2 story Native Stone, 4bd-ba, 2 Guest Suites. ENDLESS POOL for the SwimmingFitness Enthusiast! $449,900

12053 - Nice home with family, dining and kitchen area very open and large enough for a group yet cozy enough for one. 3br 2 bath sitting on half acre in a gated community. Close to Community Club House & POOL! $116,500

96053 - Immaculate home located in prestigious Pecan Plantation. Each custom feature carefully planned for design, pleasure and comfort.2900 plus sq.ft. of private hangar, room for an airplane PLUS RV or boat!! $649,500

17213 Lovely 1 Level Golf Course Home. No HOA!! Formal Dining & Living or Study/Den/Media Room with PRIVATE Entry French Doors. Breakfast area overlooks the GOLF COURSE. Covered patios, fenced backyard. $245,000

30

For info on on all our properties 24/7, our properties 24/7, For information call 817-573-HOME call 817.573.HOME
Granbury Association of REALTORS page 26

Dan, The Real Estate Man and the Murphy Team!

817-578-4424
A C R EA G E

#11769763-MAINBODY WATERFRONT in Harbor Lakes. 4 bedrooms, 41/2 baths, game room, double boat dock. Loaded with extras! $799,000

#11755143 - 3 bedroom, 3 bath sitting on an OASIS of 8.45 acres overlooking Granbury with a creek & guest cottage. $235,900

W AT E

FR

O N

#11702011- 3 living areas, study and a gourmet kitchen. Large master bed and bath, tree covered fenced backyard & covered patio. DRASTICALLY REDUCED! $319,900

#11686010 - 3-2-2 with golf cart garage, open kitchen & living, 3 way fireplace, view of #6 & #7 TEE BOX in Decordova Bend Estates. PRICED TO SELL $185,000

U N B PP EL O IE R VA TU B N LE IT Y

These homes and lots more great deals in Granbury! Visit our website or call Dan (817) 578-4424

www. danmurphyrealestate.com

LF

SE

31

e Sell W
R E A L
Pam Knieper
Owner | Broker

E S T AT E

www.KnieperTeam.com

ranbury! G

Offered at $439,000 Offered at $1,900,000 Offered at $699,000 Large family home on 5 acres ready for horses, fenced & Incredible countryside estate on 54+ acres, 6 bdrms, 2 Absolutely gorgeous waterfront home, 180 feet of lake cross fenced, 5 stall barn, spacious floor plan, RV storage. kitchens, 4 living areas, guest house, pool, barn & more. frontage, huge boat dock, inviting atmosphere, pool.

Offered at $985,000 Offered at $795,000 Offered at $525,000 Magnificent lakeside estate, 1 acre, mainbody water, luxu- Exquisite home, spectacular panoramic lake view, custom Country gem on 28+ acres. Walk inside & be amazed! rious living space, outdoor kitchen, pool/spa, boat dock. built, extensive built-ins, Texan influences thru-out. Warm & inviting, large open floor plan, 36x30 shop.

Offered at $789,000 Offered at $449,900 Offered at $489,900 Family sized luxury home, walk-out water, versatile floor Relaxing country home on 24 acres, 3400 sqft, bright & Gorgeous log lake house with beautiful finishes & decor, 3 plan, private study, outdoor kitchen, dock+guest quarters. spacious living area, family sized kitchen, RV hookups. bdrms, 3 baths, large gameroom, covered porch & balcony.

Offered at $114,900 Offered at $179,900 Offered at $189,000 Very cute 3/2/2 home, lots of trees, great shaded property, Charming 3/2/2 custom home, well maintained, great Great 3/3 house on deep cove surrounded by huge trees, spacious floor plan, light & bright, excellent deck. game room, covered patio & fenced yard, affordable price. fully equipped kitchen, 2 patios, double deck boat dock.

8 1 7 - 2 1 9 - 0 4 5 6