AdamsPolk Homes

Adams Polk was named one of the Best Builders by the Prestigious D Home Magazine for 2008.  Of the thousands of Builders in the Metroplex, Adams Polk was one of 66 builders earning this award and is the only recipient building in both Tarrant and Parker Counties!  We are honored to be recognized and we hope that this is a reflection of our commitment to the highest quality and customer satisfaction.

By Matthew Graham - OP-ED COLUMNIST
If you don't have a TV, a radio, or a newspaper, you may have missed all of the negative press surrounding the mortgage and housing markets. The severity of the situation has created a sort of panic that has paralyzed the consumer. Rather than deal with any aspect of the problem, we wait for someone to yell: "it's OK to come out now!" If you are waiting for a "bottom" to the overall crisis, and for all the news to turn positive, don't hold your breath. But where there's tragedy, there's opportunity. Let me show you why it is, in fact, "OK to come out now," and why you might be sorry if you wait too long.
The Pendulum Effect.
Depending on the data you are looking at, national average home prices are down significantly. On average, this trend will continue, but consider three things. First, the hardest-hit markets (not DFW) drag down the average depreciation. Second, mid to high priced homes were more inflated than entry level housing. When those homes depreciate, they have farther to fall than a lower priced home. This also brings down the average. Finally, because panic can create a knee-jerk reaction among sellers, and market perception can create a hesitance among buyers, prices can be lower on the way down than they will be at the bottom.
What does this all mean? It's a GREAT time to shop for a moderately priced home ($150s-$300's). When the market has found a solid bottom and the demand returns, there will be a lot less ambiguity about what a home in your area is really worth. Sellers will be less willing to entertain offers, and selection will decrease.

Mortgage Meltdown?
The news might have you thinking that no one can get a loan these days. This is far from true. Hindsight has given us a clear picture of the kinds of loans that shouldn't be offered again. But the loans that have performed more consistently are still abundantly available, and you might be surprised what you can qualify for.
Banks like to see to see strength in at least 2 of the 4 areas:

1. Credit Score
2. sufficient verifiable income for the payment amount
3. equity in the property or down payment
4. Liquid assets (money in the bank, stock market, IRA's, 401k's, etc...)

The items that will make your loan more difficult to obtain:

1. Non-Owner Occupied (investment property)
2. Stated or No Income (meaning you can't prove it with W2's or Tax Returns)

Bottom Line: If you can legitimately afford to make a regular house payment, there's a very high chance that this can be proven to a lender, who will in turn be happy to give you an excellent loan.
To make things better, interest rates are historically low. At the very lowest point in mortgage rate history, a 30 year fixed conforming loan danced around the 5.0% range. In the last several weeks, it has dropped to 5.625%.
There's even further impetus to act on this information. Even if prices decline another 10%, due to the market panic, there are sellers out there right now selling for 20% under current appraised value. So you might find a house for $160,000 today that will end up being worth $180,000 when the market bottoms out. A paradox, but true. This also means that your value is likely to be at it's highest as far as refinancing is concerned, and remember that EQUITY is one of the positive factors banks consider.
If you think you might be in your current home for more than a few years, have an adjustable rate mortgage, or have an interest rate that's over 6%. Or if you are a potential home-buyer, it is "OK to come out now," and doing so could save you lots of money.

On Behalf of the Adams Polk Family, Merry Christmas and blessings to you and your family.
Consider Giving the Gift of Green this Christmas with an Adams Polk Home.  An Adams Polk Home is an investment in Healthy Living, Assured Value, Extreme Energy Savings, Environmental Stewardship and Industry Leading Quality.  Hands down, it is the best buy in the metroplex.  Don't miss an opportunity to discuss the simple advantages of living in an Adams Polk Seal-Solid Home!  Call today and schedule a time to visit with Jeff Polk or come buy our model home anytime.
Offering a superior product at an exceptional price.........kinda makes us feel a bit like Santa Claus!
-Jeff Polk

A $200,000 Adams Polk Seal-Solid Home costs the same as a $178,000 conventionaly built home!  What?  That does not make sense!  A $20,000 incentive?  Keep reading....
OK....by now you probably understand how we can cut your electric bills by 40%-50%.  What you may not realize is how this affects your buying power and the value of an Adams Polk Seal-Solid Home!  Let's say you are looking at a similar home with similar amenities in another community that costs $178,000.  Yes, you can spend the same amount of money and buy one of our Seal-Solid Homes that is priced at $200,000!  Builders are quick to point out the monthly mortgage cost of owning one of their homes but they do not mention the utility costs!  While our Seal-Solid Home at $200,000 does cost $150 more per month than the $178,000 home, the monthly savings realized in utility costs will average $150.  Your Monthly cost of ownership is the same!  Hold on....it gets better!  The truth is, you would have a hard time finding any home with the same amenities, period, style and perfect location that would be $20,000 cheaper.  Our Seal-Solid Homes are actually priced right in line with similar homes in the area.  So, the question is; What are you going to do with your $20,000?  A bigger home?  More amenities?  Save for Retirement?  The Choice is yours and the utility companies are the only ones that get hurt!  I can't help but smile! 
Our Energy is Spent Saving Yours!  See you in Brookside!
Jeff Polk
 

What a great Weekend!  Chris Miles and the "House Talk Show" Broadcast live from the model home on KSKY 660 and more of the public learned about Adams Polk and our Seal-Solid Homes.  We are starting to see more sales as the model home is now open and we find it very rewarding to offer affordable energy efficient homes that look great too!  If you have not been out to visit us, please do!   
There is no doubt that Adams Polk is offering the best deal out there.  In fact, as we were signing a sales contract Tuesday with a family that pruchased 548 Magnolia, they commented that they had been looking for over a year and could not find any homes that combined style, efficiency and value like the Adam Polk Homes in Brookside.   Dare to Compare!

Adams Polk Homes and Demilec Foam welcome Chris Miles and the House Talk Show (660 KSKY) To Brookside this Saturday (Aug. 25) from 12-3. Grand Opening from 10-6. DIRECTIONS - From 820/I-20....South on 377 for 1/4 Mile, Right on Merceds, Left on Vista.

Brookside at Benbrook Field is a carefully planned community that pairs early turn-of-the-century architecture and cutting edge energy efficiency… the only community of its kind in the entire Metroplex! Inspired by 1920's and 1930's architecture found in historical districts around Fort Worth, Brookside’s unique charm is unsurpassed. Adams Polk offers more than 10 floor plans with multiple elevation options including Craftsman, Prairie, Cottage, Tudor, French Country, French Provincial and Early American. This plan mix and varying Period architecture results in over 40 unique home designs, and with options such as painted brick, each home has its own character. Brookside is nestled in a picturesque valley near loop 820 in Benbrook with creek frontage planned for a scenic city park and greenbelt. In the 1920's the land adjacent to Brookside was home to Benbrook Field, a training ground for the Canadian Air Force in the early days of aviation. We are now stewards of the great legacy of this landscape, and Brookside is a tribute to its colorful past. That same sense of stewardship is what drives Adams Polk Homes to incorporate the latest technology and applications in Energy Efficiency. Through the Seal Solid program, we offer better built, energy efficient homes that will save you money while preserving this nations valuable resources. We are proud to combine industry-leading energy savings with old-world design at an affordable price.