Lake Homes Realty -- White Bluff Resort and Lake Whitney, TX
Emily and Bill Morris

Archive for the ‘Shopping for a House’ Category

A Second Home — Can You Afford It?

May 11th, 2017 by Emily and Bill Morris

A Lake Home? Golf Course Home? Your Weekend Home?


Sounds like a great idea. Get away for the weekends to a second home on the lake. But do you really understand how much it may cost — over and above the purchase price? Take a few minutes to put the costs into perspective.

  • Factor in a mortgage, property taxes, insurance, utilities, maintenance fees, property owners association fees or membership fees. Add in up to 1.25 percent of the purchase price to cover annual maintenance and potential repairs.

    White Bluff Resort Lake Whitney

    Water sports and fishing on Lake Whitney, Tx at White Bluff Resort

  • Add your current home’s payments, expenses, etc. to the projected cost and expenses of the second home. Together, that debt should not exceed 36 percent of your monthly gross income.
  • If your finances cover the total debt of both homes,

    One of four pools at White Bluff Report on Lake Whitney

    you’re in good shape to buy that second home. Otherwise, take a breath and wait awhile to look for that weekend home. Call us when you’re ready to look for that weekend place and we’ll be ready to help you find the perfect fit for your family.

    Call Emily or Bill Morris at 254-870-3301.

Open Houses Create Savvy Buyers

March 31st, 2017 by Emily and Bill Morris

Open Houses Help Buyers Make Decisions

Maybe you are a year or more out from actually buying a house. Maybe you’re in the market right now. Take the time to visit as many open houses as you can and you’ll be a much more savvy buyer … whenever that time arrives.

  • Look at a Variety of Homes Styles.
    Maybe you think you definitely want a Cape Cod. So look at those. But also check out other styles — Mid-Century Modern, Craftsman, Ranch-style, Farmhouse — you may just discover you like some of the features that they offer. Take some notes.
  • Look at Different Locations.
    Every community has something special to offer. Find out what it is; why people like living there. Go outside your comfort zone for locations and you might discover a treasure.
  • Visit Older Homes, Newer Homes and Brand New Homes.
    Every house has its own charm. Finding the right person or family who appreciates that charm is what buying or selling a home is all about. Learn what each has to offer and it may help you start to narrow your search because you found some features you love.
  • Take a Friend with You to Open Houses.
    Bring someone with whom you can share ideas and share opinions.

Visiting a variety of open houses is definitely worth the time you invest because it will help you make a wiser decision when buying your future home.

If you have questions, please call me — Emily Carter Morris at 254-694-1111 or email me at Lake Homes Realty — Bill and Emily Morris


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