Roxanne DeBerry
May 2021
"Putting Your Interests First"

How Does Rent-to-Own Work?
If you want to buy a home, one agreement option available is rent-to-own. Of course, not every homeowner is going to agree to it, and it comes with a set of pros and cons.
      The following is a breakdown of everything you should know about rent-to-own when it comes to buying a house.
      The Basics A rent-to-own purchase has appealing elements, but there are risks.
      Basically, when you enter into this type of contract, you agree that you’ll rent a property for a set period of time before you then gain ownership. The time you rent can be a few months to several years, dependent upon your
Mortgage Rates
U.S. averages as of May 2021:

30 yr. fixed: 2.97%
15 yr. fixed: 2.29%
5/1 yr. adj: 2.83%

individual can own the property, or a company might.
      The contract dictates that the seller will keep a certain amount of money from each
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Spring 2021 Real Estate Trends to Look For
     Spring is always an interesting and exciting time in real estate, so what are analysts expecting we can see this year?
      Increasing Mortgage Rates It appears, depending on how the economic recovery comes along, that mortgage rates could continue to increase. Rates have been on the rise for weeks, while earlier in the year, they were holding under 3%. Analysts believe that it would be a good time for borrowers to try and lock in low rates now, with the anticipation they’ll tick upward through the year.
      The 30-year fixed-rate mortgage is anticipated to average 3.1% through the spring months, while it was averaging 2.9% during the first quarter of the year, according to Fannie

PMI - It’s Not a Bad Thing
     One of a lender’s main jobs is to evaluate risk. If a lender looks at a loan application, what is the risk in making a home loan? How’s the credit look? Can the borrowers comfortably afford the new monthly payment? Is the property going to be owner-occupied or will it be a rental? How much down payment is involved? All of these questions and more must be answered before a final approval can be issued. Certainly having good credit is a positive as is affordability. Lenders also view rental properties as a higher risk than an owner-occupied home, thus the higher interest rate and additional down payment for a rental. But the down payment can carry considerable weight. The more down payment a borrower comes to the table with, the less risk for the lender.
      It used to be that a minimum down payment could be 20 or 30% or more, depending upon the individual lender. Yet it’s obvious that kept a lot of folks out of a home, especially for first time

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Multiple Offer-Where The Market Is Headed?

 Our team has been hard at work helping both buyers and sellers in this crazy market! Why crazy? First, our Buyer Specialist on our team are submitting offers on properties for our clients more than once because of the "highest and best" requests from the sellers. We are also helping our sellers, due to the multiple offer situation, to understand what to look for when analyzing offers on their homes. This way they will actually get what they want and in the time they want it.  The activity in the market has been strong and it is a good time to sell as long as you plan ahead and find a home in the area you want to live in ahead of time. The more you plan the better it will be once your home sells. The inventory of homes remain historically low at this time but we are seeing a gradual increase and expect that to continue throughout the year. 

One of the other things we did this past month was send out over 54 short CMA's to those who requested them to help in protesting their increased property tax appraisals. Most were in Collin County but we did have some in Dallas county as well. I have heard back from a few of you that it did help in your protest. I am so glad to be of help. Due to the number of leads we get and just our activity alone, we are looking to add a Buyers Agent to our team. If you know a Realtor looking to join a team let me know. Thanks in advance! 

My team and I are always here to assist you in whatever capacity you need us. Please contact me, Roxanne DeBerry at 214-676-8040 and my team and I will be happy to be of service. 


Roxanne DeBerry-Realtor

The DeBerry Team 

Keller Williams Realty


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Roxanne DeBerry,REALTOR CRS ePro
Keller Williams Realty
3608 Preston Road, Ste. 230
Plano, Texas 75093

Equal Housing Opportunity

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