Check out this new listing!

7315 Hix Court, Colleyville

4,566 sqft, 3 bedrooms, 4 baths

Offered at $840,000

This home offers so much that it's difficult to include it all! An estate with a floor plan that provides privacy and room for all. Situated on a wooded 2.5 acre lot in prestigious Hidden Acres that features brick equestrian stables and paddock. Park like ambiance with rolling topography, hundreds of trees, tennis courts and a multi level back yard oasis including a heated diving pool pool and spa welcome you home every time you drive up.

A generous master bedroom on the first level provides a stunning view of the tranquil backyard. Relax in the adjoining luxurious master bath featuring a separate jetted tub, steam shower, dual vanities, and a generous closet.

Handscraped wood floors throughout invite you into a kitchen perfect in a cook's dream. Ample corian counters allow plenty of room for prep and the island allows room for many. A cozy breakfast area is surrounded by peaceful views of the estate grounds.

En suite bathrooms complete the secondary bedrooms located on the second floor. Large rooms and walk in closets allow to grow. Don't forget to take time to visit the separate guest apartment located above the three car garage. Featuring a full kitchen, bedroom, bath, utility room, and central heat and air.

Need more room? Visit the downstairs 27x25 gameroom for privacy and convenience. Complete with small wet bar and fridge, access to the outside and enough room to entertain for hours.

Features not as visible are not limited to buried propane tank for the gas fixtures, RV hook up and waste disposal, trestle bridge across the creek located on the property, and elaborate automatic underground sprinkler system fed by your own high recovery well.

For more information, contact the Grove Team

Direct (817) 337-0000

Email info@groveteam.com

Website www.groveteam.com

Did you know?

Did you know the Grove Team offers a no cost, no obligation service report called the Market Snapshot?

If you have found yourself wondering what the market conditions are around you - this is just the solution you have been looking for! The Market Snapshot provides a general overview of the homes that have sold and are on the market new you. In addition, it also provides you with statistical information on home sales.

It is easy to get started - and best of all - it is FREE to you. Click here to get started today!

Do you have additional questions? Contact us directly -

The Grove Team
Keller Williams Realty

Office (817) 337-0000
info@groveteam.com

www.groveteam.com

Grove Team has a record year!

The Grove Team had a record 2009...closing more than 100 transactions.

The members of the Grove Team would like to take a moment to send special thanks to all of our customers, vendors, and affiliates. Without your ongoing support we would not have been able to build our business to what it is today.

Thank you

More than 40% of our business came from past clients and past client referrals. Help us keep the momentum going...if you or someone you know is in need of a real estate professional, give us a call.

The Grove Team

Keller Williams Realty

Office (817) 337-0000

www.groveteam.com

info@groveteam.com

New FHA Financing Guidelines

FHA announced new changes to their financing guidelines on January 20th, 2010. By all accounts the new changes are a victory for home buyers.

The following are the changes announced on January 20th:

* The upfront mortgage insurance premium (UFMIP) will increase to 2.25% up from 1.75%. FHA will continue to allow the financing of the UFMIP.

* Borrowers with a credit score below 580 will be required to have at least 10% down payment. The minimum down payment will remain at 3.5% for all other borrowers.

* FHA will seek legislative authority to increase the annual premium (currently capped at .55%). Over time, increasing the annual premium may allow FHA to reduce the up-front premium.

* Seller concessions will be reduced to 3%, down from the current 6%.

In addition, FHA will make the following lender enforcement changes:

* FHA will implement credit watch terminations at lender underwriting.

* Public reporting of lender performance through scorecard system will be implemented.

* FHA will implement, through notice and comment, indemnification against lenders. Indemnification will be expanded beyond fraud and misrepresentation.

* FHA will seek legislative authority to enforce indemnifications against direct endorsed (DE) lenders.

* FHA will seek legislative authority to sanction lenders nationwide based on performance of local branch.

Are you or someone you know in need of a real estate professional? The Grove Team can assist you with all of your home buying and selling needs. The Grove Team can be contacted directly:

Office (817) 337-0000
info@groveteam.com

www.groveteam.com

Updates provided to the Grove Team, Keller Williams Realty by Prospect Mortgage.

Tax Appraisal District Review by State Comptroller Won't Change Much

After speaking with a Tarrant County Appraisal District spokesperson, we've learned that the review of all appraisal districts in Texas by the state comptroller's office in 2010 probably won't make a difference in how local county appraisal districts work. The review is more an evaluation of the appraisal district's written procedures than an analysis of the accuracy of appraisals of real estate.

Since most local counties already have established written procedures, systems probably won't change much. Tarrant County is already evaluating its procedures to make sure that they meet state requirements.

Members of the Grove Team are working to gain additional knowledge of the tax appraisal process in order to be of maximum assistance to our clients to reduce tax bills. More to come.

Military Personnel Have Special Benefits

According to the National Association of Realtors, there are additional benefits for military personnel in the latest extension of the home buyer tax credit.

• Armed service, intelligence service, and foreign service personnel on active duty and out of the U.S. for 90 days during any part of 2009 get an additional year to buy their homes -- to May 1, 2011.
• Members of the military also do not have to repay the tax credit even if they have to sell their homes before the three year time limit if they move because of official duty.

Members of the military may use their VA benefits to buy a home with no down payment. With the changes in the mortgage industry, a zero down payment loan is virtually a thing of the past.

For more details, call the Grove Team at 817-337-0000 or go to http://www.groveteam.com/ to ask questions. There are many homes available in Keller, North Richland Hills, Grapevine, Southlake, and HEB that would fit almost the criteria of any buyer who qualifies to take advantage of the first time home buyer or current home seller tax credit.

100 Transactions - CLOSED!

Congratulations are in order to the Grove Team...officially closing and funding 100 units so far in 2009!

Do you have questions about buying or selling - we can help!

The Grove Team
Keller Williams Realty

Direct (817) 337-0000
info@groveteam.com

Web - www.groveteam.com