Allen Homes for Sale - Michel Morales

How To Get Your Home Sold Fast and For More $$$

✨Hire an experienced, knowledgeable Realtor
✨Ask the tough questions up front. A good agent will be a ‘straight shooter’ and will get your home sold faster.
✨Ask their average days on market, list to sell ratio, and last year’s volume.

Contact me for more information ⬇️

Michel Morales
Michel Morales Real Estate Group
972.439.6827

Real Estate Terms you Need to Know!

1. Fixed Rate Mortgage
2. Equity
3. Refinance

These terms are crucial to know before going through the home-buying process! Reach out with any questions you may have🙌

Contact me for more information ⬇️
Michel Morales
Michel Morales Real Estate Group
972.439.6827

There are many mortgage programs on the market.

Within each program, there can be different types of mortgages. It is important to understand what these are in order to select one that is right for you. Most loans selected by home buyers today are either fixed rate or adjustable rate mortgages.

Contact me to learn key facts about each.

Contact me for more information ⬇️

Michel Morales
Michel Morales Real Estate Group
972.439.6827

🌟 Beautiful front walk up to the property
🌟Dramatic entryway
🌟Open floor plan
🌟Primary bedroom with sitting area
🌟Living room with vaulted ceiling features a white stone fireplace with a raised hearth

Are you a fan of this design?

Contact me for more information ⬇️

Michel Morales
Michel Morales Real Estate Group
972.439.6827

💥Rain never stops progress with our systems & process

1532 Ponds Edge Allen TX 75013 | Just Listed & Under Contract

Welcome to serenity!

💥Custom Drees Home with amazing views of the pond, fountains and lush trees.
💥Beautiful walk up to the cozy front porch - perfect to sip coffee, watch the pond.
💥Dramatic 2 story entry.
💥Scraped hardwood floors on the first floor and stairs.
💥Library features custom bookshelves.
💥Barn door to dining room.
💥Kitchen features upgraded granite countertops, island with seating, stainless steel appliances with gas cooktop, under cabinet lighting, and butlers pantry with wine rack.
💥Living room features a wall of windows looking out to the back, and a gorgeous stone fireplace with a raised hearth.
💥Primary bath features dual sinks with upgraded granite countertops, a gorgeous jetted tub with tile and stone under big frosted windows, and a separate shower.
💥The Game Room features a window seat with a view of the pond.
💥Media room with built-ins.
💥Amazing backyard living area with pool and spa, grill and fireplace!

Located conveniently near Twin Creeks Golf Club, the Stephen Terrell Recreation Center, Kerr Elementary and Collin College.

https://www.michelmorales.com/homes-for-sale/TX/allen/75013/1532-ponds-edge-dr/bid-14-20630206

Contact me for more information ⬇️

Michel Morales
Michel Morales Real Estate Group
972.439.6827

Earnest money is a deposit made by a buyer to demonstrate their serious intent to purchase a property. Here are the key points about earnest money:

1. **Purpose**: It shows the seller that the buyer is committed to the transaction, providing assurance and helping to solidify the agreement.

2. **Amount**: The amount of earnest money can vary, typically ranging from 1% to 3% of the purchase price, but it can be higher depending on the market and the specifics of the transaction.

3. **Placement**: Earnest money is usually held in an escrow account by a third party, such as a title company or real estate broker, until the closing of the sale.

4. **Contingencies**: The purchase agreement often includes contingencies (conditions that must be met for the sale to proceed, like financing, home inspection, or appraisal). If these contingencies are not met, the buyer may have the right to get their earnest money back.

5. **Forfeiture**: If the buyer breaches the contract or fails to meet the terms of the agreement without a valid reason, they may forfeit the earnest money to the seller as compensation for the lost time and potential sale opportunities.

6. **Refunds**: If the sale falls through due to contingencies not being met or other agreed-upon conditions, the buyer typically gets their earnest money back.

7. **Application**: At closing, the earnest money is usually applied toward the buyer's down payment or closing costs.

Understanding these points helps buyers navigate the home purchasing process with a clearer grasp of the financial commitments involved and the protections in place.

Earnest money is a deposit made by a buyer to demonstrate their serious intent to purchase a property. Here are the key points about earnest money:

1. **Purpose**: It shows the seller that the buyer is committed to the transaction, providing assurance and helping to solidify the agreement.

2. **Amount**: The amount of earnest money can vary, typically ranging from 1% to 3% of the purchase price, but it can be higher depending on the market and the specifics of the transaction.

3. **Placement**: Earnest money is usually held in an escrow account by a third party, such as a title company or real estate broker, until the closing of the sale.

4. **Contingencies**: The purchase agreement often includes contingencies (conditions that must be met for the sale to proceed, like financing, home inspection, or appraisal). If these contingencies are not met, the buyer may have the right to get their earnest money back.

5. **Forfeiture**: If the buyer breaches the contract or fails to meet the terms of the agreement without a valid reason, they may forfeit the earnest money to the seller as compensation for the lost time and potential sale opportunities.

6. **Refunds**: If the sale falls through due to contingencies not being met or other agreed-upon conditions, the buyer typically gets their earnest money back.

7. **Application**: At closing, the earnest money is usually applied toward the buyer's down payment or closing costs.

Understanding these points helps buyers navigate the home purchasing process with a clearer grasp of the financial commitments involved and the protections in place.

Living Lovejoy!

Check out this episode of the American Dream! A Real Estate & Lifestyle television show focused on positive media & communities:

🏡What does it mean to live Lovejoy?
🏡What makes Lovejoy ISD unique?
🏡Security in School

https://watch.americandreamnetwork.tv/.../the-american...

Glam ♥️‼️♥️