Tips

Best Places in Texas

Posted on August 31, 2010. Filed under: Homebuyers, Homeowners, Ideas & Information, Real Estate News & Updates, Tips, Uncategorized, US Housing News | Tags: , , , , , , |

Fort Worth, TX

Fort Worth has been selected as one of the Best Places to Retire for Republicans. Temperatures in the city reflect Texas’s legendary heat, ranging from the 30s and 40s in the winter to the 80s and 90s in the summer. Fort Worth is the western anchor of the Dallas-Fort Worth-Arlington metroplex. While the city is known for its cattle-driven history, today aerospace, energy, and technology drive its economy.

Call it a cow town with a bit of an edge. Fort Worth, a city decidedly partial to the cattle-skull-and-cowboy-hat traditions of its roots as a Civil War-era livestock hub, continues to grow because of a diverse group of modern industries. The city consistently ranks well in livability surveys and enjoys a thriving cultural scene. While the stockyards historic district draws raucous crowds to the likes of Billy Bob’s Texas (billed as the world’s largest honky-tonk), Fort Worth also boasts one of Texas’s most walkable downtowns. The Sundance Square area is home to both the city’s best sushi and the Philip Johnson-designed Fort Worth Water Gardens.

For a city its size (population 610,534), Fort Worth also packs an artistic punch. It is home to two world-class art museums, the Kimbell Art Museum and the Modern Art Museum of Fort Worth, which have notable works by Richard Serra and Philip Guston. The city also has a top-notch performance space, the Bass Performance Hall, which hosts the annual Van Cliburn international piano competition. The Fort Worth Zoo and Botanic Gardens deserve an honorable mention as well, as do several museums devoted to Fort Worth’s history, including the Cattle Raisers Museum and the National Cowgirl Museum and Hall of Fame.

For college football fans, there’s Texas Christian University’s Horned Frogs (the team plays in the Mountain West conference), and the university offers other NCAA events as well. In the professional arena, Fort Worth’s proximity to Dallas puts the Mavericks, Cowboys, Rangers, and Stars within easy driving distance. For local fans, the Fort Worth Cats play baseball at LaGrave Field near the stockyards.

U.S. News Editorial Pick: Best Places to Retire for Republicans

There are few states redder than the Lone Star State, and Fort Worth is unique among America’s larger cities when it comes to a hefty right-leaning bent. Nearly two thirds of its residents identify themselves as Republican.

Fort Worth Schools:

Colleges in Forth Worth include Texas Wesleyan University and Texas Christian University, plus smaller institutions like the College of St. Thomas More and a campus of the University of Texas at Arlington. The University of North Texas Health Science Center is the city’s only medical school.

Fort Worth Health Care:

The 16 hospitals and 60 clinics in the city limits include Harris Methodist Fort Worth Hospital, which was awarded the 2008–09 Consumer Choice Award by the National Research Corp. and has held the title for 13 years. Other large hospitals include the JPS Health Network, which last year moved into its new Patient Care Pavilion, a 233,000-square-foot, state-of-the-art emergency and acute-care facility with 12 operating rooms. The Baylor All Saints Medical Center has a fast-growing maternity center and organ transplant services, and the Cook Children’s Health Care System is known for pediatric expertise.

Fort Worth Jobs:

For decades, jobs in Fort Worth have been less about herds of cattle and more about fleets of planes. It’s an aerospace and airline town, with large area employers including American Airlines, Lockheed Martin Tactical Aeronautics Co., and Bell Helicopter. Military contracts are important to some of these companies. But a variety of companies like Burlington Northern railroad and RadioShack have corporate headquarters here, as do retailer Pier 1 Imports and drugmaker Alcon, which bases its U.S. operations in the city. Fort Worth’s position near the Barnett Shale natural gas field also means jobs in energy, and high-tech manufacturing and tourism contribute to the economy as well. The median household income is $41,002.

The median home price in Fort Worth is $128,500. The slump in residential home prices has been less severe than in many other parts of the country as the city and much of Texas managed to skirt the more extreme excesses of the real estate boom and bust. Office vacancies in downtown Fort Worth have held up relatively well also. They’re less than half the rate of nearby Dallas.

Overview information and high school, college, hospital, and nursing home rankings copyright © 2010 U.S. News & World Report.

Other data and information copyright © 2010 Onboard Informatics or as otherwise sourced. Information is represented by Onboard Informatics as reliable but not guaranteed.

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” Are You Ready To Jump Into Home Ownership But Need A Little Push? “

Posted on August 23, 2010. Filed under: Homebuyers, Homeowners, Ideas & Information, Tips | Tags: , , , , , |

” Are You Ready To Jump Into Home ownership But Need A Little Push? “

by Janet Rand on Saturday, August 21, 2010 at 8:16am

Some skydivers jump out of the plane on their own. Others—especially first-timers—need a little encouragement. They’ve planned to jump. They want to jump. But when they stand in front of that open door, they freeze.

Maybeyou’ve been taking steps toward buying a home and now you’re frozen. If you’re looking for a little encouragement, I can give you advice.

It’s Good To Be In Texas

If you’re skittish due to the financial and real estate markets of the past few years, take a closer look at the numbers in Texas. What’s interesting is what you won’t find. You won’t see the big run up in real estate prices and subsequent collapse that occurred in places like California, Nevada, Michigan, and Florida.

A nice selection is out there. In most Texas cities, there’s a fairly balanced real estate market. It may tip toward buyers here or sellers there, but you won’t find many spots where bidding wars and offers above the asking price are the norm. You might qualify for buyer assistance. There are dozens of buyer-assistance programs available across the state. You can find out if you qualify for one by visiting our website, http://buyhouseintexas.com/ / http://janardsellshouses.com/

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“So, What’s Your Situation?”

Posted on May 14, 2010. Filed under: Homebuyers, Homeowners, Ideas & Information, Real Estate News & Updates, Tips, Uncategorized, US Housing News |

Need Fast Cash

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Avoid Foreclosure Tips

Posted on February 24, 2010. Filed under: Tips | Tags: , , , , , , , |

Avoid Foreclosure Tip #4: Minimize spending. Eliminate optional expenses such as cable TV & internet, club memberships, etc.

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Avoid Foreclosure Tips

Posted on February 23, 2010. Filed under: Tips | Tags: , , , , , , , |

Avoid Foreclosure Tip #3: If getting further behind your payments, contact your lender for options to help you.

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Avoid Foreclosure Tips

Posted on February 22, 2010. Filed under: Tips | Tags: , , , , , , , |

Avoid Foreclosure Tip#2: Avail forbearance agreement. You pay portion of your regular payment or no payment at all for a period of time.

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Make money in 2010: Your home

Posted on February 22, 2010. Filed under: Homebuyers, Homeowners, Ideas & Information, Real Estate News & Updates, Tips, US Housing News | Tags: , , , , , , , , , , , , , |

After three years of slumping house prices, the end of the real estate bust may finally be in sight. Home sales are rising, inventories are shrinking, and most economists believe values nationwide will hit bottom in the second half of the year — but not before falling another 5% to 10% first.

Prices after that should stay mostly flat until 2012. “Next year will clearly be better than this year,” says Mike Larson, a real estate analyst at Weiss Research. “Prices may drop a little more, but the lion’s share of the damage is behind us.”

One positive byproduct of the 30% plunge in prices since the 2006 peak: Houses are now more affordable than at any time in the past two decades, according to the National Association of Home Builders — good news for anyone looking to buy.

Then too, mortgage rates, now at 5.15%, should stay low for the first few months, thanks in part to the Federal Reserve’s ongoing purchase of mortgage-backed securities. But if the economy really picks up steam and inflation fears resurface in the second half of the year, rates could rise as high as 5.25% to 6.5%.

If you hope to sell your home or rebuild lost equity, there’s new hope. One plus is that Congress has recently extended the first-time homebuyer credit, and even expanded it to include those with higher incomes and current homeowners.

But with layoffs high, defaults should remain problematic, hitting wealthy areas even harder next year, says Joshua Shapiro, chief U.S. economist at MFR, a consulting firm. In fact, 30% of recent foreclosures were on higher-priced homes — nearly double the 2006 rate.

Wild card: If the Fed stops buying mortgage securities in March as planned and private investors don’t step up, rates could spike to 6% or higher sooner and faster than expected, slowing demand and pushing prices down.

Signs to watch: Steady growth in single-family housing permits (track it at census.gov) indicates that builders believe buyers are returning to the market.
The action plan

Buyers: Make your move now. Have you been on the sidelines waiting for prices to go lower before house shopping and bidding in earnest? Don’t hold off much longer.

“The market will remain tilted in favor of the buyer over the next year, but that power will gradually be reduced as conditions in the housing market improve,” says Larson at Weiss Research. You’ll have plenty of homes to choose from as foreclosures continue to pile up and more homeowners list their houses in an improving market. Be sure to keep a close eye on mortgage rates. If they rise sharply as the Fed’s mortgage buyback program draws to a close, act quickly to lock in a low fixed rate.

Anyone looking to buy or invest in a lower-priced, entry-level home should expect competition. Put down as much cash as possible (many investors are offering to make all-cash deals); come in below the listing price and there’s a good chance you’ll lose to another bidder.

But demand is much softer for middle- to top-tier homes, particularly those priced above $500,000. The supply is greater too, so you’ll be in a stronger bargaining position. Offer at least 10% below what comparable homes have sold for lately (your realtor can supply this info). That way you won’t take a hit if prices of higher-end homes fall another 10% or more, which is very likely, Shapiro says.

Sellers: Postpone listing your home, if possible. Sellers next year will be unloading property at what’s likely to be the very bottom. Ouch. Hold out for a few more years, so you’ll compete against fewer foreclosures, increasing the chances your home will fetch a higher price.

Delaying your sale isn’t an option? Act fast before prices drop further. To expedite a sale, don’t try to compete on price with foreclosures and short sales (when the bank allows owners to sell for less than they owe on their mortgage); most of the time, you can’t win. Instead play up your home’s strengths. Foreclosures typically need a lot of work, and short sales can take months. So make necessary repairs, throw in a paint job and new carpeting since buyers may be short on cash after the down payment, and offer a fast and flexible closing date. That will attract people willing to pay more for a home that’s in move-in condition and a deal they can close quickly.

Owners: Look into refinancing, and rein in spending on home improvements. You’re a prime candidate for refinancing if you have an adjustable-rate mortgage and will be in your home for at least five years. There’s no reason to wait; you won’t get a better deal than you will now.

As for fixing up the place, now’s not the time to spend serious money; since prices aren’t likely to snap back soon, you won’t see much of a return on your investment. Focus on lower-cost cosmetic fixes, like painting and landscaping, and basic projects that improve functionality and design, such as adding molding or doing a basic bathroom remodel.

Source article: Amanda Gengler, Money magazine writer

This is brought to you by Janard Capital LLC

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