Unlock High-Return Real Estate Investments
Unlock High-Return Real Estate Investments with a Trusted Partner. A complete hands-off experience. We specialize in identifying prime lots and building high-quality homes that maximize resale value. Join us in capitalizing on the thriving real estate market. Get the details below. At The Tylock Group, we bridge the gap between strategic land acquisition and top-tier construction. With years of experience in real estate, we offer investors an unparalleled opportunity to profit from carefully selected properties. Our process is transparent, efficient, hands off, and designed to deliver strong returns. About Me Since beginning my real estate career in 2015, I've successfully closed over $100 million in sales volume, consistently delivering results that exceed expectations. My passion for identifying prime real estate opportunities has led me to spearhead 15 successful development projects. These projects were not only built to the highest standards but also strategically resold/rented, generating significant returns. How It Works Drawing on this extensive experience, I am now offering a unique service to investors. My role is to identify and secure prime lots with exceptional potential. Then build high quality homes to resell. This turnkey solution is designed to provide investors with attractive returns while benefiting from my proven track record and deep knowledge of the real estate market. I'm basically pulling back the curtains on a system that has worked for me for years and offering it to qualified investors. Lot Identification I will begin by identifying a prime lot(s) with high potential for development and resale. Consultation with Builder and Architect Once a suitable lot is identified, we will meet with my builder Casey Tylock (my brother) and architect to develop a set of plans that are both desirable and marketable. Cost Analysis We will then analyze the construction costs and overall project budget to ensure the numbers align with your financial goals. Construction cost will be at our cost with a builder's fee added to it for full transparency. No cost plus, just a flat fee to avoid confusion. Comparable Market Analysis I will conduct a comparable market analysis showing you how I arrived at the recommended sales price so we can calculate your return. Lot Acquisition If the cost analysis and ROI is favorable, we will proceed with purchasing the lot using the investor's funds. You will own the lot! Construction The approved plans will be executed, and construction will begin, with oversight to ensure quality and timely completion. The builder will handle the entire build out from start to finish. Materials, scheduling, and subcontractors will all be ordered and supervised by the builder. You will have access to our system to observe current cost and copies of invoices to ensure the numbers are on track with our pre-construction analysis. Draw request are usually done 5 or 6 times throughout the building process. Property Resale Once construction is complete, I will leverage my real estate expertise to resell the property, aiming to maximize the return on investment. This process ensures that each step is carefully managed to optimize both the development and resale value, ultimately providing a solid return for the investor completely hands off for them! The investor's only responsibility is to fund the entire project from start to finish. After helping over 400 families throughout the last 10 years buy and sell their property. I intimately understand what buyers desire when shopping for the perfect home. This has allowed me to really look deep into a set of floor plans to make sure it checks all the boxes and making the necessary changes that will make the home more desirable. Which significantly increases the chances of selling the home in a timely manner for the highest possible price! FAQ Section Q: What kind of returns can I expect? A: While returns can vary based on the project, our investors typically see 12% ROI. We can provide detailed projections during our consultation. I have a few examples below of actual deals we have done to give you a better idea. Q: How long does a typical project take? A: From lot acquisition to Completed construction, our projects usually span 6 months. We provide regular updates throughout the process to keep you informed. Q: What has been the average cost per square foot to build? A: This can vary greatly depending on the features of the home. But on some recent projects with the sale price of around $450,000, our build cost is about $130psf without the land. Q: What are the requirements to become an investor. A: Must provide a proof of funds letter from your bank or a pre-approval from a lender. Minimum of $100,000 in liquid assets. Q: If I need to get a loan, do you have lenders willing to provide this type of financing? A: Yes, there's several banks I've built relationships with over the years that are familiar with all of my past projects. With them being so involved in my past projects they are well aware that I'm utilizing the exact same framework that has worked for me so many times, I'm just doing it for an investor. This greatly increases your chances of getting approved when they know they have some one like myself guiding the process. Rest assured, any deal I present to you is one that I would confidently undertake myself. These banks understand that and I know what they look for. Q: How do I keep track of the cost of the project? A: Before the project begins we will give you access to our Google sheets. One column shows the pre-construction quote line by line. As the project moves along the second column will be filled in with actual cost. This will allow us to quickly identify if something came in over or under budget. This allows us to pivot on another section of the house where we have the opportunity to save costs or add another feature to the home if we see we are under budget. All of our projects have come within 2% of the pre-construction quote. With some actually being below the pre-construction quote. Q: How are we paid? A: I get paid through my Realtor fee when the home actually sells. This ensures I will be with you every step of the way. That fee is a total of 4.5% of the sales price. The Builders fee is a flat fee and is normally determined once we have an understanding of the project and what's being built. But to give you an idea, the two you'll see below (403 Sanctuary and 104 Yorkshire) on the next section, had a $20,000 flat fee to the builder. Q: Who's responsible for maintaining the home after its complete? A: You will be responsible for maintaining the yard/landscapping and keeping the utilities turned on so the home is presentable to prospective buyers. Q: May I use someone outside of The Tylock Group to complete a project? A: We prefer you allow us to use the people we normally work with. Our architect, builder, Realtor and designer have all worked on numerous projects together and we feel this is the best way to increase your chances of success. Q: What if I already own some land, can we still build on it? A: Absolutely, if you already own a piece of property and want to build a spec house to resell. You've eliminated one step of the process and we can still offer everything else. Q: Why must I have $100,000 in liquid assets? A: Just like most investments, there is a risk. In the case this home does not sell in a timely fashion. We want to make sure the investor has the financial means to cover the holding cost and cost to maintain the home until it sells. Q: What would you say the average price range is for the homes you build to sell and why? A: As of right now our projects are in the $400,000+ range. Anything lower the numbers start to get too tight. But we are considering all price ranges as long as it makes sense. Completed Projects Explore our past developments to see the quality of work we deliver. Each project showcases our commitment to excellence and our ability to generate strong returns for our investors. All photos of current and past projects will be shared while we are both qualifying each other to make sure we are a good fit. You will also be able to tour our current projects so you can see first hand our quality of work. 104 Yorkshire Cir. 106 Beth Ln 337 St. Mathias 101 C Cezanne Current Projects Stay updated on our latest developments. These projects represent our ongoing commitment to identifying and capitalizing on the best real estate opportunities available. 403 Sanctuary 303 Crooked Stick 303 Decatur
Read MoreWhy You Should Now Hire a Buyers’ Agent BEFORE You Find a House You Want to See in Person
Home buyers are often more focused on finding the perfect home to buy than they are on finding an agent to help them through the process. It makes sense, since most buyers casually begin searching for houses online months, if not years, ahead of when they’ll actually purchase one. But eventually, you see a house online that you’d like to go see in person… In the past, you could just call an agent you’ve worked with in the past, or someone a friend or family member recommended (or even an agent you don’t know at all). Most agents would gladly show you the house with no strings attached, and wouldn’t ask you to sign an agreement to work with them. However, starting on August 17, 2024, you’ll be required to sign a written agreement with an agent before they’re allowed to show you even a single home. Considering this isn’t something the majority of agents have required in most areas of the country for almost the entire history of real estate, this might come across as a big ask when an agent asks you to do so. So, it’s certainly understandable if some buyers are concerned or hesitant about signing on the dotted line with an agent, just to see inside a house. But rather than getting upset with this new requirement, let’s take a look at how it might actually make your home buying experience better. You Can Just Sign a One-Time Showing Agreement, But… One of the main reasons why buyers might hesitate to sign a written agreement to work with an agent is because they don’t want to commit to one they’re not sure they even want to work with. The good news is, you can sign an agreement to see a single house, and you’re really only committing to that agent if you happen to buy that particular house. You could literally do that with a different agent for every single house you want to see. But while you can take that approach, here are a few reasons why it’s not the best way to go about buying a house: It’s entirely possible that you could meet an agent and trust them immediately. But trust is something that often develops over time and experience working with an agent. The more trust you have with the person who is about to help you make what is likely one of the largest purchases of your life, the better. Working with a different agent on every house you want to see isn’t going to give you a lot of time or opportunity to build that trust. It helps to have an agent who knows what you like and don’t like about the houses you’ve seen in the past, and what you’ve been through during the process. It’s extremely difficult for an agent to give you the best insight and advice, based upon your personal needs, if they haven’t been with you throughout the process. It puts more emphasis on the house you want to see, than the agent you’re about to hire. Yes, the house matters! But if you’re more focused on whether or not you like a house, it makes it difficult to truly assess whether an agent is the best one to hire. You’re Better off Choosing One Agent to Work With Ahead of Time It’s always been a good idea to put as much emphasis on the agent you’re working with, as finding the perfect home to buy. But now that you’re required to sign an agreement with one to even see a single house, you might want to put more time and thought into who you want helping you navigate the process, representing your best interests, and negotiating the best price and terms for you. Here are a few tips for finding and hiring the best buyers’ agent: Contact an agent as early on in the process as possible. As soon as you find yourself browsing listings online, start thinking about the agent you’ll want to work with as well. Ask how much experience they have, and what sets them apart from any other Realtor in the area? It's very important to make sure you have a competent and attentive agent representing you considering this is such a huge decision. If there’s an agent you know and trust, reach out to them no matter how early on in the process you are. Don’t think you’re bothering them, or that they’re too busy. They’ll be glad to help you way before you’re actually ready to buy. They’ll also be glad to answer any questions you have about the new agreements. If you don’t know an agent, ask friends and family for their recommendations and contact as many as you need to until you find one that you want to hire. As soon as you decide on the agent you want representing you, ask them for a copy of their agreement, review it, and ask them any questions you have about it, and sign it once you understand and agree to the terms. The Takeaway Starting August 17, 2024, home buyers will need to sign a written agreement with a real estate agent before seeing any houses. While you can sign a one-time agreement for a single showing, it’s smarter to choose an agent early on and build a trusting relationship. This way, the agent can better understand your needs and guide you through the process, ensuring you get the best advice and representation. So, don’t just focus on finding the perfect house… put some thought into finding the perfect agent, too!
Read MoreModera Place Townhomes Youngsville/Broussard!
CONSTRUCTION HAS STARTED! Modera Place is located in between Youngsville and the city of Broussard. So this puts this development in the middle of two of the fastest growing cities in Louisiana. Moreover, these townhouses are situated along Ambassador Caffery Extension, which boasts a significant amount of new commercial land for sale. Given the preference for convenience, it is only a matter of time before these townhouses benefit from increasing property values and a rising demand for modern, well designed housing options that offer easy maintenance. Each townhouse will be *ENERGY STAR RATED* and have a small fenced in backyard and astroturf in the front yard for a nearly hands-off experience for the new homeowner. With its close proximity to major highways and the city of Lafayette, commuting to work or exploring the surrounding areas is a breeze. Just in the immediate area, Fat Pat's Bar and Grill and Market Eatz are practically within walking distance of this development! These townhomes also offer a bit more living square footage than your typical townhome sitting at 1,760 sq ft and will have 10 foot ceilings down stairs with 12 foot cathedral ceilings in the master bedroom upstairs! Another nice feature is the master suite will have a separate tub and shower with a large master closet with a built-in dresser!! If you're afraid your truck won't fit? No worries, these townhomes will have 8 foot garage doors and the garage will be almost 13 feet wide by 22 feet long! You also won't have to worry about your window treatment, stove, dishwasher, or microwave because this will all be included in the sale. Breaking ground August 1st and will take between 5 and 6 months to build the first 10 units! Zoned for City of Broussard which means, NO city tax! So your mortgage payment will be less expensive! 425 Heart D Farm Rd. Youngsville, LA 70592 3 bed, 2.5 bath, 1,760sqft - $339,000. Ask about our special financing options and buyer incentives!! Rates as low as 5.99% with closing cost assistance for qualified buyers!! !! Now Accepting Deposits !! Paul Tylock EXP Realty Call/text 337-654-0569
Read MoreBuying a Home? Changes you NEED to know!
Buying a home today and who you choose to represent you through the buying process is more important than it ever has been. Recently, new laws and regulations have changed the way people buy real estate nationwide, and for the foreseeable future, it's something we'll all have to get used to. Most transactions will end up the same way they always have, but as a buyer, you need to understand the new process so you are fully prepared. How Things Used To Work For decades, real estate transactions typically followed a common framework: the seller's agent charged a fee, usually around 5% to 6% of the sales price. This fee would then be split equally with the buyer's agent. When a buyer officially purchased a home, the buyer’s agent’s commission was deducted from the seller’s proceeds. This arrangement relieved the buyer from having to pay out-of-pocket for their agent’s services at closing. This is still the likely scenario that will be pursued. Which I will explain why below. The New Way Now, here’s where things get a little uncomfortable. Buyers will now have to sign an "exclusive agency agreement" with their agent of choice to represent them BEFORE EVEN ENTERING A HOME!!! That's right, the powers that be, feel it's in your best interest to sign an agreement with a Realtor you may not have ever met in person and BEFORE you even step foot into any house. Don't shoot the messenger! This is not just a rule Realtors have to follow; this is Louisiana State law going into effect in August 2024. This will be nationwide! In that agreement, there’s a compensation field, and you could be responsible for paying your Realtor for their services. As a buyer, before you only needed to worry about your down payment for the loan you qualify for, home inspection costs, and potentially your closing costs. Now, your agent's fee could be an added expense. However, the agreement also states that the buyer's agent fee is to come from the SELLER (the original way), which is likely the route most will pursue, as previously mentioned. The issue is that there’s no guarantee this will happen, and each house could be different. The old way, the seller's agent already had a signed agreement with the seller offering the buyer's agent compensation before the home went to market. And that compensation was displayed for all to see. Now, it will be on a case-by-case basis. It’s completely up to the seller to offer that compensation. Technically, it always was up to the seller, but the new laws prohibit the seller’s agent from negotiating the buyer's agent fee up front. Many sellers are still willing to pay for a buyer's agent, as this can lead to a smoother transaction. Having a competent agent on both sides ensures a fair and efficient process for both buyer's and seller's. It's similar to a jewelry store owner compensating their staff: the added support can significantly enhance the overall experience. Could you imagine a random person not accompanied by a licensed Realtor entering someone's home alone? Then having to negotiate with their best interest in mind through such a complex transaction? Seller's will understand the risk there. Furthermore, it’s essential to remember that the transaction hinges on the buyer's funds; ultimately, the buyer holds significant leverage in the process. Most sellers understand that buyers have numerous financial commitments that must be considered for the sale to proceed successfully. This situation emphasizes the importance of choosing the right buyer's agent. Make sure to vet your potential agent thoroughly. Here are some critical questions to consider during your selection process: How many years have you been in business? How many transactions have you closed? What sets you apart from other Realtors? Why Me or a Realtor Like Me? How many years in business - since 2015 How many transactions closed since then - 413 with $100 million in sold sales volume. What sets me apart from other Realtors - Other than the 400+ transactions I've closed for my past clients. I am also actively buying and selling my own properties. I have personally bought, remodeled, and sold over 50 properties in the Lafayette area. I have purchased vacant land and designed floor plans of my choice and hired a builder to build these homes for me to resell to individuals like yourself. By constantly putting myself in the same position as my clients has allowed me to intimately understand the situation they're in, the pitfalls to look for when buying/selling, and the ability to see a problem that most won't see until they've officially purchased the home. When it's too late!!! I have a saying I use for my buyer's. Which is " Whatever home they decide to purchase, would I want them calling me back in a year to try and sell it "? In other words, am I helping you buy someone else's problem? I will be looking for defects in the property to ensure you are NOT! I've passed my experience over to my clients when representing them. This is similar to hiring a financial advisor that's deeply in debt. Wouldn't you rather someone that's practicing what they preach? My wife has been a mortgage lender for over a decade. Which has allowed me to become well versed on the different types of loans offered to buyers when purchasing a home and the requirements needed. Why is this important? Just because you are pre-approved to purchase a home, that doesn't necessarily mean every house you see is available to you. Your Realtor needs to know this and they need to know why! Has the roof on the home you like exceeded its life expectancy? Is the insurance company that's providing your homeowners insurance going to make you replace the electrical panel? These are the types of things I've learned to point out when trying to help my clients find the perfect home. Real Life Example My buyer client agreed to a 3% commission. After viewing a few homes, we found the one they liked. We made an offer of $220,000 ($5,000 less than asking) with the SELLER to cover my 3% commission ($6,600). The seller agreed to the price but was willing to offer $5000 towards my compensation to represent the buyer. After discussing this with my buyer client. They agreed to make up the remainder of my commission, which was $1,600. So as you can see, my buyer agreed to 3% at first, but only ended up having to come up with 1/4 of that amount after the seller contributed the majority. There's also plenty of examples of the seller covering 100% of the buyer's agent fee. So even though you have to sign this document up front, it is all negotiable throughout the entire process. When your agent ask you to sign a buyer's agency agreement, remember there's going to be a whole another party involved (the seller) in this transaction that is more than likely willing to contribute to cover some, if not all of the buyer's agent fee! Conclusion and Source I hope you have found this article helpful and I have provided links below if you would like to dive a little deeper into the new way of buying and selling real estate. NAR Buyer's guide with new changes NAR Fast forward to the 1:58 second mark. This is the part that will explain how the buyer must sign an agreement before entering the property. Louisiana Realtors First section will show HB 366/ACT 690 signed into law.
Read MoreBuying a Home in Lafayette, LA: A Comprehensive Guide
Are you considering buying a home in Lafayette, Louisiana? Known for its vibrant culture, friendly community, and beautiful landscape, Lafayette is an ideal place to settle down. Whether you are a first-time home buyer or looking to relocate, this God will walk you through the process of purchasing a home in Lafayette and highlight key factors to consider. Lafayette, located in the heart of Acadiana, is famous for its rich Cajun and Creole Heritage, exceptional cuisine, and lively music scene. The city's unique blend of southern hospitality and cultural diversity makes it a great place to call home. With top rated schools, affordable living, and numerous recreational activities, Lafayette is perfect for families, young professionals, and retirees alike! ***The Buying Process*** 1. Determine Your Budget - Before you start house hunting, it's crucial to establish your budget. Your current financial situation including your savings, income, and credit score. Use online mortgage calculators to estimate your monthly payments and understand what you can afford. Keep in mind, a lot of these consumer calculators won't be 100% accurate until you speak to a mortgage lender. Which brings us to #2 2. Get Pre-Approved for a Mortgage- Getting pre-approved for a mortgage not only helps you understand your budget but it also shows sellers that you are a serious buyer. Considering all offers need to be accompanied by a pre-approval letter is very important. Your mortgage lender will also be able to advise you as to which loan product best fits your financial situation. For example, if you are approved for an FHA loan, not all homes will qualify for an FHA loan. These are the things you need to know before shopping for a home. If you do not have a mortgage lender you are comfortable with, ask your Realtor for some suggestions. Realtors and mortgage lenders work hand in hand to get you into the perfect home. 3. Find a Local Realtor - Working with a local Realtor who knows the Lafayette market can make a significant difference. They can provide insights into neighborhoods, schools, and market trends. Well rounded Realtors will also be able to point out defects on a home you may not have noticed, check flood zones or if the home has flooded in the past, check past listings and review property disclosures to see if there were any altercations to the home you need to know about. Do you know when a roof is at the end of its life expectancy? Do you know if your homeowner's insurance will make you change an electrical panel after buying the home? Well rounded Realtors will be able to point these things out and bring them to your attention before you even make an offer. 4. Start House Hunting - Now the fun starts, with your budget and pre-approval in hand, you can start looking for your dream home. Focus on neighborhoods that meet your needs. Great areas around Lafayette include River Ranch, Broadmoor, The Saint Streets, The Settlement, Sabal Palms and more. Use online platforms like Zillow or my website (TheTylockGroup.com) to search local listings and explore available properties. Just know, if you see a home you like online, doesn't necessarily mean it's available. Your Realtor will be able to look it up in real time and let you know what's available. Most websites have a lag time with some even showing active listings that have been under contract for 24 hours or more. Also remember your loan product can dictate what homes are available to you. Websites cannot filter out those properties but your Realtor will be able to. Send your Realtor a handful of your favorite properties and allow them to do a little research for you. Ask them to check flood zones or any defects about the property that consumer websites don't show. Last thing you want to do is schedule a showing on a home you love only to find out it flooded two times in the past 5 years Or it doesn't even qualify for the type of loan you are getting. 6. Make an Offer - When you find the right home work with your Realtor to make a competitive offer. They can help you determine a fair price based on the local market, the property's condition, and whether you need any financial assistance for your closing cost etc. 7. Conduct a Home Inspection - Once you and the seller have agreed on the offer you will now move over to the due diligence period. Normally 10 days. A home inspection is often confused with an appraisal. A home inspection is completely different. This is where you'll have 10 days to inspect the property by a licensed home inspector to make sure certain components of the home are functioning properly.....Plumbing, electrical, roof etc. Once you recieve the report you and your Realtor will submit a buyer's response to inspection. This is when you point out certain defects the inspector has found and you are able to ask for repairs to be made at the sellers expense, an allowance from the seller for you to make the repairs, or a price drop. Your Realtor will also be able to guide you on which option best fits your needs. 8. Finalize your Mortgage - Once the inspection is complete and any issues are resolved, finalize your mortgage with your lender. You have all the necessary documentation and meet all requirements for closing. Your lender will work closely with the title company to ensure all the proper documentation has been accounted for on your behalf. 9. CLOSING THE DEAL :) - At closing, you'll sign the final paperwork, pay closing cost, and receive the keys to your new home. Congratulations you are now a homeowner in Lafayette, LA. Once you have completed this you can ask your Realtor for local companies that will help you connect your utilities in a timely manner. Normally within two business days you'll need to have your utilities transferred over. I hope you enjoyed this comprehensive guide and I hope my team and I are up for consideration if you are ever at this point and need assistance!
Read MoreRenovated Gem in Lafayette, LA: 207 Mitze Drive Offers Spacious Living and Endless Possibilities
If you are on the lookout for a new home that is move-in ready and offers ample space for your family, look no further than 207 Mitze Drive in Lafayette, LA. This stunning property, listed at $322,500, has recently undergone a complete renovation, making it the perfect place for your next chapter.As you step inside, you will immediately notice the attention to detail and the modern upgrades that have been carefully incorporated throughout the home. With 3 bedrooms and 2 full baths, this residence provides a comfortable and functional layout for everyday living. However, the real gem of this property lies in the large bonus room, which could serve as a fourth bedroom or a versatile game room.One of the highlights of the bonus room is its abundance of natural light, creating a vibrant and inviting atmosphere. This space also offers convenient access to the expansive utility room and back patio, ensuring that you have everything you need within reach. Whether you envision a playroom for the little ones or a space to entertain guests, the possibilities are endless.As you step outside, you will be greeted by a generous yard that stretches 100 feet wide and 170 feet deep. This substantial outdoor space provides ample room for any recreational activities or even the opportunity to create your own personal oasis. Whether you have children who need a space to run and play or you simply enjoy gardening, this expansive yard is sure to exceed your expectations.Another standout feature of this property is the spacious driveway, which can easily accommodate a third car, boat, or camper alongside the carport. This additional parking space is a rare find and offers convenience for those with multiple vehicles or recreational vehicles.Equipped with a brand new roof, updated electrical wiring, and all new windows, floors, and cabinets, this home is truly move-in ready. You can rest assured that all the necessary upgrades have been taken care of, allowing you to focus on settling in and making this house your dream home.In addition to the incredible features and renovations, the listing for 207 Mitze Drive also offers enticing buyer incentives. Be sure to check out the detailed pictures and information provided on the buyer incentives page to see how you can make this property an even more appealing investment.Don't miss out on the opportunity to own this renovated gem in Lafayette, LA. With its spacious living areas, versatile bonus room, and extensive yard space, 207 Mitze Drive offers the perfect blend of comfort, functionality, and endless possibilities. Take the first step towards your new home by scheduling a visit today - this property won't stay on the market for long!
Read MoreModera Place Townhouses Youngsville/Broussard
Welcome to the newest townhouse development in the thriving up and coming area of Youngsville/Broussard. Located at 425 Heart D Farm Rd Youngsville, La 70592. This property has a Youngsville address but zoned for the city of Broussard, which means no property taxes! So this puts this development in the middle of two of the fastest growing cities in Louisiana. Moreover, these townhouses are situated along Ambassador Caffrey extension, which boasts a significant amount of new commercial land for sale. Given the preference for convenience, it is only a matter of time before these townhouses benefit from increasing property values and a rising demand for modern, well designed housing options that offer easy maintenance and very energy efficient experience. Each townhouse will have a back patio with fenced in backyard and astro turf in the front yard for a nearly hands-off experience for the new homeowner. With its close proximity to major highways and the city of Lafayette, commuting to work or exploring the surrounding areas is a breeze. Just in the immediate area, Fat Pats Bar and Grill and Market Eatz are practically within walking distance of this development! These townhomes offer a bit more living square footage than your typical townhome with 3 beds, 2.5 baths, at 1,750 sqft and will have 10 foot ceilings downstairs and 12 foot cathedral ceilings in the master bedroom upstairs with Cypresswood beams. Other interior features are brick accent walls, built in dresser/cubbies in master closet, separate tub and shower in the master, luxury vinyl plank and all Energy Star rated!! Each townhome will come with all window treatment, stove, microwave, dishwasher, and an option for refrigerator or washer/dryer Of the 10 units in the first phase, 5 units will have horizontal hardie plank with stained wood look hardie plank in the front, the other five will have board and batten with brick. The exterior colors consist of the popular Shoji White on five of the units. The other five units will have Evergreen Fog by Sherman Williams, which invokes the lushness landscape and the timeless beauty of Evergreen trees. Both colors offering a warm welcoming feeling when entering this new development. The front entrance will have two ponds and gorgeous magnolia trees!! Public schools are Martial Billeaud Elementary school, Broussard Middle, and Southside High. This development also sits in between two popular day cares and Broussard Fire Station. Through our preferred lender, qualified buyers may qualify for an interest rate of at least 1% lower than market!! Developer is also offering up to $5,000 in closing cost assistance and up to a $1,500 move in allowance for professional movers to move you into your new home. This should make your moving experience almost FREE and completely hands off. Call/Text Paul Tylock at 337-654-0569 for more info! 3 Bed, 2.5 Bath, 1,750sqft, $339,000
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The real estate market is constantly evolving, and one factor that plays a significant role in shaping it is interest rates. Whether you're a first-time buyer or a seasoned investor, understanding how interest rates can impact your real estate venture is crucial. In this blog post, we'll explore the effect of interest rates on buyers and provide insights into making informed decisions.For buyers, interest rates are a key consideration when it comes to affordability. When interest rates are low, borrowing costs decrease, making it more affordable for buyers to take out a mortgage loan. Lower interest rates mean lower monthly payments, enabling buyers to purchase a home that may have been previously out of their budget. With more affordable options available, prospective buyers can widen their search and potentially find their dream home.On the other hand, when interest rates rise, the affordability of homes decreases. Higher interest rates translate to increased borrowing costs, resulting in higher monthly mortgage payments. As a consequence, some buyers may need to reconsider their budget or adjust their expectations in terms of the size or location of the property they can afford. It's important for buyers to stay informed about interest rate trends and work closely with a mortgage professional to assess their financial situation and determine what they can comfortably afford.Another significant consideration for buyers is the impact of interest rates on the overall housing market. When interest rates are low, demand for homes tends to increase as more people are motivated to enter the market. This increased demand can lead to bidding wars and potentially drive up home prices. Conversely, when interest rates rise, demand may decrease, which can slow down the pace of home sales and potentially lead to price adjustments.In summary, interest rates play a crucial role in the real estate market, particularly for buyers. Low interest rates can make homeownership more affordable, expand the range of options available to buyers, and stimulate demand. Conversely, higher interest rates can impact affordability, potentially requiring buyers to adjust their expectations. Staying informed about interest rate trends and seeking guidance from professionals can help buyers navigate the market and make informed decisions.
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