5220 Spring Valley , Suite 160 | Dallas, TX 75254 M: 214.682.4498
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Buyers

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Buying a home

Buying a home can be one of your most significant investments in life. Not only are you choosing your dwelling place, and the place in which you will bring up your family, you are most likely investing a large portion of your assets into this venture. The more prepared you are at the outset, the less overwhelming and chaotic the buying process will be. The goal of this page is to provide you with detailed information to assist you in making an intelligent and informed decision. Remember, if you have any questions about the process, we’re only a phone call or email away!

Home Inspections

Inspections are designed to help you understand the overall condition of a property, potentially saving you considerable time with the purchase process and hundreds or thousands of dollars in repairs. Some of the inspections which may be required or recommended by your real estate professional are:

Standard Home Inspection

The areas which may be covered include lot and grounds, roofs, exterior surfaces, garage/carport, structure, attic, basement, crawl space, electrical, heating and air conditioning systems, plumbing, fireplace/wood burning devices, and appliance condition. Remember that your inspection rights are clearly stated in the Contract For Sale and vary from jurisdiction to jurisdiction. In some cases homes can be sold “as-is” even though an inspection may take place.

Interest Rates

As you start shopping for a home loan, your first question of each lender will probably be “What’s your interest rate? How much are you charging?” Interest rates are usually expressed as an annual percentage of the amount borrowed. If you borrowed $120,000 at 10% interest, you’d owe interest of $12,000 for the first year. With most mortgage plans you’d pay it at the rate of $1,000 a month. You would also send in something each month to reduce the principal debt you owe – and the next month you’d owe a bit less interest.

When your grandparents bought their home (putting at least half the purchase price down, by the way), their interest rate was probably around 4 or 5%. Rates stayed the same for years at a time. Then in the years following World War II, things became more turbulent. As economic changes speeded up, rates began to change several times a year. By the l980s, lenders were setting new rates on mortgage loans as often as once a week – and they still do today. When inflation hit a high in the ’80s, some mortgage loans carried interest rates as high as 17% – and those who absolutely needed to buy, paid that much.

Rates dropped gradually through the 1990s, and by 2000 had reached their lowest rates in decades. Continuing into the millennium, home buyers appear to have the most favorable conditions for mortgage borrowing since their grandparents’ days – and without 50% down payments either.

New Listing - 2 weeks online
$952,500
Farm For Sale
Active
3
BEDS
3
TOTAL BATHS
2,655
SQFT
1847 County Road 4380
Decatur, TX 76234
3 Subdivision
Listing courtesy of Luke Madrid of Texcel Real Estate, LLC
Price Change - 2 weeks ago
$625,000
Single Family Home For Sale
Active
4
BEDS
2
TOTAL BATHS
4,550
SQFT
448 County Road 4287
Decatur, TX 76234
Rays Add Subdivision
Listing courtesy of Tomie Fox of Parker Properties Real Estate
New Listing - a week online
$639,900
Single Family Home For Sale
Active
3
BEDS
3
TOTAL BATHS
2,122
SQFT
109 County Road 4374
Decatur, TX 76234
T Dean Subdivision
Listing courtesy of Jared Lucier of Parker Properties Real Estate
New Listing - 3 weeks online
$789,900
Single Family Home For Sale
Active
3
BEDS
3
TOTAL BATHS
2,941
SQFT
2302 County Road 4360
Boyd, TX 76023
Davis Place Subdivision
Listing courtesy of Dan Scheffel of Elevate Realty Group
Price Change - 4 weeks ago
$675,000
Single Family Home For Sale
Active
3
BEDS
3
TOTAL BATHS
2,738
SQFT
263 Highland Drive
Decatur, TX 76234
Hilltop Ranch Subdivision
Listing courtesy of Justin Zamarippa of It's Closing Time Realty
$680,000
Single Family Home For Sale
Pending
3
BEDS
3
TOTAL BATHS
2,871
SQFT
124 Highgate Court
Boyd, TX 76023
Highland Oaks Subdivision
Listing courtesy of Mey-Ling Pauri of Ultima Real Estate
New Listing - 4 weeks online
$1,100,000
Single Family Home For Sale
Pending
4
BEDS
5
TOTAL BATHS
4,296
SQFT
160 Dallas Street
Decatur, TX 76234
Walnut Grove Estates Ph 2b Subdivision
Listing courtesy of Erin Murphy of Parker Properties Real Estate
$720,000
Single Family Home For Sale
Active
4
BEDS
3
TOTAL BATHS
3,036
SQFT
142 Parkview Lane
Boyd, TX 76023
Highland Oaks Subdivision
Listing courtesy of Mey-Ling Pauri of Ultima Real Estate
Price Change - 3 weeks ago
$445,000
Land For Sale
Active
18.088
ACRES
WISE
COUNTY
941 County Road 4270
Decatur, TX 76234
Kristi Meadows Addition Subdivision
Listing courtesy of Candy Janopoulos of Earthport Properties Realty, LLC
New Listing - 4 weeks online
$670,000
Single Family Home For Sale
Active
4
BEDS
3
TOTAL BATHS
2,830
SQFT
129 Parkview Lane
Boyd, TX 76023
Highland Oaks Subdivision
Listing courtesy of Mey-Ling Pauri of Ultima Real Estate
New Listing - 4 weeks online
$675,000
Single Family Home For Sale
Active
3
BEDS
3
TOTAL BATHS
2,846
SQFT
132 Parkview Lane
Boyd, TX 76023
Highland Oaks Subdivision
Listing courtesy of Mey-Ling Pauri of Ultima Real Estate
$2,640,000
Farm For Sale
Active
96
ACRES
WISE
COUNTY
6002 S Fm51
Decatur, TX 76234
 
Listing courtesy of David Elkins of David Elkins Real Estate
$645,000
Single Family Home For Sale
Active
3
BEDS
4
TOTAL BATHS
3,576
SQFT
117 Oak Grove Lane
Boyd, TX 76023
Highland Oaks Ph 1a Subdivision
Listing courtesy of Jennifer Roth of Fathom Realty, LLC
$1,900,000
Land For Sale
Active
108.45
ACRES
WISE
COUNTY
Tbd Pecan Grove Drive
Boyd, TX 76023
Lola Creek Subdivision
Listing courtesy of Lindsey Erwin of C-21 SUE ANN DENTON, DECATUR
Open House Sat, Jul 2, 3 PM UTC
Please verify times due to COVID-19
$748,900
Single Family Home For Sale
Active
4
BEDS
4
TOTAL BATHS
3,324
SQFT
350 Cr 4590
Boyd, TX 76023
Lola Creek Ranch Subdivision
Listing courtesy of Ben Caballero of HomesUSA.com
New Listing - 3 weeks online
$565,900
Single Family Home For Sale
Pending
3
BEDS
2
TOTAL BATHS
2,222
SQFT
762 County Road 4270
Decatur, TX 76234
Wilson Add Subdivision
Listing courtesy of Tomie Fox of Parker Properties Real Estate
$475,000
Single Family Home For Sale
Pending
3
BEDS
3
TOTAL BATHS
1,625
SQFT
248 Private Road 4574
Boyd, TX 76023
 
Listing courtesy of Joshua George of Ready Real Estate
$577,790
Land For Sale
Active
30.41
ACRES
WISE
COUNTY
Hwy 114
Boyd, TX 76023
0 Subdivision
Listing courtesy of Brad Meadows of C-21 SUE ANN DENTON, DECATUR
New Listing - 3 weeks online
$1,485,000
Land For Sale
Active
22.85
ACRES
WISE
COUNTY
22.85 Acres Hwy. 114
Boyd, TX 76023
Unimproved Land Subdivision
Listing courtesy of Lynn Klamt of Weston Realty
Price Change - 4 weeks ago
$495,000
Single Family Home For Sale
Active
3
BEDS
2
TOTAL BATHS
2,085
SQFT
4029 Westfork Way
Springtown, TX 76082
Ranches @ Valley View Subdivision
Listing courtesy of Ben Caballero of HomesUSA.com