Home for Sale at 1819 Clegg Street, Howe, TX 75459

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1819 Clegg Street
Howe, TX 75459

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Property Details

List Price:	$339,900
Beds:	4
Baths:	3
Status:	Pending
SqFt:	2091
Agency:	Keller Williams Frisco Stars

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Description/Comments

Lot Size:	--
Property Type:	Residential
Year Built:	2016
Notes:	Exceptional 4 bedroom, 2.5 bathroom home sets itself apart from most of the other similar homes in the Summit Hill subdivision! This home features an expansive master suite with an ensuite master bathroom with beautiful contemporary sinks and faucets, alongside a generous walk-in closet. Noteworthy updates abound throughout the house showcasing granite countertops in the kitchen and full bathrooms, complimented by a stylish backsplash in the kitchen, engineered hardwood flooring downstairs, beautiful tile in the bathrooms, vinyl plank flooring upstairs, decorative lighting, a security system, and many more updates to the home! Roof replaced in 2021. This property enjoys the rare advantage of no HOA fees and a serene rear aspect with no neighbors in sight. Conveniently located within walking distance to Summit Hill Elementary School, with Howe High School just a short drive away. Seller will leave refrigerator, washer, and dryer.
MlsNumber:	20586071

Listing Provided By:	Keller Williams Frisco Stars, original listing
Name:	Keller Williams Frisco Stars
Phone:	(972) 712-9898
Office Name:	Keller Williams Frisco Stars
Office Phone:	(972) 712-9898
Agent Name:	Dana Thornhill
Disclaimer:	Copyright Â© 2024 North Texas Real Estate Information Systems, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

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HUD Foreclosures

HUD foreclosures and VA Foreclosures are some of the best homes to buy when price is part of the equation. As with most Americans, price is always a concern. If not buying the same house for less, why not buy more house for the same dollar invested? When looking for a good deal it is hard to do better than the VA or HUD foreclosures market. The simple truth is that there are just more VA and HUD homes on the market, as they represent such a large number of mortgages that are generated each year. This translates into more foreclosures just by the magnitude of difference between all others comparing to the two largest.

The two largest also being government owned and operated means that they have less time to wait to make money back on the home. The FHA is especially known for selling HUD homes for less than the average sales price in a given area. FHA foreclosures represent a fraction of HUD but they are still a significant number of homes and both should be considered.

VA (Veterans Administration) and HUD (Housing and Urban Development) have different and unique opportunities for the buyer. Both are often forgiven for the local taxes normally associated with the purchase of a home (this is on a county by county basis). Be sure to ask the local title company or escrow company to look into it for you before closing as this is often missed due to their are not used to dealing with the 2 to 3 percent of the market that VA and HUD foreclosures represent.

Foreclosure Listings Increasing

As the market settled after the mortgage meltdown foreclosure listings also settled and fewer homes were on the market with a placard reading “Bank Foreclosure” in big red lettering. This was a good thing for the entire real estate market. Having an abundance of foreclosures brings the entire market down and it makes it harder for home owners, who would like to move, to get the appropriate price for their home as a similar home down the same street was sold for substantially less and the appraiser is using the foreclosure as a comparable sale.

This is just one of the problems when there are too many foreclosure listings in any area. Another issue is the television set that sits in everyone’s living room harping about the price of homes based on the number of foreclosures and this constant barrage of negative information makes most people sit on the sidelines waiting for the market to either implode completely or to correct itself. Meanwhile while they wait, others are buying foreclosure listings and making great investments.

Whatever the reason, a market can only handle so many foreclosure listings at any given time. The more foreclosures, the lower the market gets and this is a lesson the banks that were foreclosing and selling off realized too late. The market and their investments would have been better off if there had not been a rush to divest themselves of the toxic assets made more toxic by their own actions.

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