Foreclosures, Short Sale, and Traditional Home Sales in Denton County

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Which is the better deal: a foreclosure, a short sale, or a traditional home sale?

A foreclosure goes into default and the banks reclaims the home. Many times, the banks can be a little behind in what the market values are, so foreclosed properties are priced too high for the current market. Additionally, most foreclosed properties are in disrepair. That’s why foreclosures aren’t always the best deal.  

One of the great secrets in real estate is the short sale, which is perfect if you’re not in a hurry. Contrary to its name, a short sale is anything but short! These are properties where the homeowner has defaulted, but the bank has agreed to sell the home short of what’s still owed on it. You can get a tremendous deal on a short sale, especially if the homeowner has taken care of the property. You just have to be a little patient.

If you need a home in a timely manner and you don’t want to handle a lot of repairs, a traditional home sale is your best option. If you hire us, we can negotiate the best deal for you.

If you have any questions, give us a call or send us an email. We would be happy to help you!

How We Solved Problems for Elicia

Tell me about your experience working with Melanie Ferguson and the Ferguson Realty Group.

"They did a really great job for us. Anytime we had a problem they were able to resolve it quickly. She was really good. During our closing, she was able to help us out and made sure we were able to get the house we wanted. She was very friendly. I only have good things to say about her. I'll recommend her to all my friends."

To contact the Ferguson Realty Group, call 972-672-3341 or email Melanie@fergusonrealtygroup.com.

How We Helped Mike Sell His Previously Sell-By-Owner Home

Tell me about your experience working with Melanie Ferguson and the Ferguson Realty Group.

"They did a really great job for us. Anytime we had a problem they were able to resolve it quickly. She was really good. During our closing, she was able to help us out and made sure we were able to get the house we wanted. She was very friendly. I only have good things to say about her. I'll recommend her to all my friends."

To contact the Ferguson Realty Group, call 972-672-3341 or email Melanie@fergusonrealtygroup.com.

How We Got Rex into the House He Wanted

Tell me about your experience working with Melanie Ferguson and the Ferguson Realty Group.

"The results were great. Originally I tried to buy another property. She was very open and honest about the faults with the property. I ended up not buying it. She asked about what I was looking for, and about a week later she calls me and tells me about the property I ended up buying. It was a really good experience. She is very honest, open, friendly, caring. I never felt like I was pressured in any way or forced into anything. If I had questions or a need, I could call her and get a hold of her almost any time. I bought a few other properties and have had experiences that weren't very great. Other people put you off or delay you for one reason or another and that never happened with her. The people she [recommended] for estimates, appraisals, inspections, the loan, were all first class people. It's rare that you find not just a realtor but everybody that she associates with are in the same class. That was a great experience. She'd respond to my questions or communicate with me even late at night. A lot of people would just put you off until the next day. Melanie is a great realtor, very open and honest. She genuinely cares about getting you into what you want instead of just making a sale."

To contact the Ferguson Realty Group, call 972-672-3341 or email Melanie@fergusonrealtygroup.com.

New Construction Properties in Denton County

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We’ve experienced some changes in construction properties over the past few years. Since the late 90s, the average home size has gotten larger by approximately 24%. In 1999, homes were about 2,100 square feet. Comparatively, homes today are about 2,600 square feet.

Additionally, as this progresses, lot sizes have been shrinking. They’ve shrunk by 10% since the 90s. That means homes being built now have smaller yards. These are some of the things we track here at the Ferguson Realty Group.

If you’re thinking of buying or selling a home in Denton County, we’d be happy to meet with you and discuss the options available. For instance, we help determine if a new or previously owned home is best for your situation. Feel free to give us a call or email today!

How to Sell in a Divorce

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Looking to Sell Your Home?  Get a free home value report

This isn’t a fun topic, but it’s an important one to discuss. Many people face the reality of selling a home in a divorce settlement. In a divorce, the house can often be the last item discussed. Oftentimes, a home is the one of the biggest investments in our lifetime! Here are some ways to handle this.

• Sign off and let the other party deal with everything. Basically, you’re walking away from the home.
• Split everything in half. This is an ideal option if both parties are willing to work together fairly.
• Buy the other party out. Of course, this isn’t an option for everyone, because it’s expensive. Only do so if you can afford to.

If you’re going through a divorce or similar situation, reach out to us. We’re happy to help you with your real estate needs. Feel free to give us a call or send us an email today!