North Texas Real Estate

North Texas Housing Market remains strong

Keller Williams Dallas Metro North presents the September 2017 Market Reports, Courtesy of Texas Association of Realtors® (TAR) and Greater Lewisville Area Realtors® (GLAR). How is your market doing?

Flower MoundLantana

Argyle

Information provided by Keller Williams Dallas Metro North. Call us today to see how YOUR market is doing! We have over 400 qualified realtors eager to assist you with your real estate needs. 

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Preparing your home for a Fall sale!

AutumnFall is a great time to sell a home! While springtime may be the most popular season to put your home on the market, there’s no reason to wait to sell your home – especially with housing inventories on the decline.

With fewer homes on the market, you will want to make sure your home really stands out to buyers by following these tips to prepare your home for a speedy sale:

Create Autumn Curb Appeal
Keep the outside of your home clean and neat; rake leaves, make sure lawn is mowed regularly. Plant fall flowers – chrysanthemums and pansies are very popular in this area. Make sure the front door is clean and hang a simple fall wreath. If the welcome mat is worn, replace it.

Make sure your windows are sparkling!

Check the Heating system
You don’t want any surprises when your home is on the market – be proactive and have the HVAC system checked so your furnace is ready for the first cold days of fall. By the way, you want the air inside your home to smell fresh – change your furnace filter.

Highlight the Fireplace!
First, make sure it works and is clean! Then emphasize it. Arrange your furniture to make the fireplace the focal point of the room; decorate your mantle with tasteful fall accessories or neutral artwork.

apples1Prepare Autumn Edibles
While it’s not necessary to bake cookies for your potential buyers, consider creating the same homey feel you get from baking with a few well-chosen foodie accessories. Fill a bowl with shiny red apples, open a cookbook to a chili or stew recipe (with pictures!), use autumn hued placemats on the table. Create a homey, welcoming atmosphere!

Emphasize comfort and luxury
Emphasize comfort by tossing a cozy throw over a chair, using plush pillows on the sofa, and adding a few fall accents (pinecones, pumpkins, gourds, candles). Use table linens. Don’t forget about the bedrooms – layer the beds with luxurious throws and pillows, display plush towels in the bathroom.

Brighten up your home!
Autumn signals shorter days and chances are good your home will be viewed in the evening. Make sure your outdoor lights have working light bulbs, and clean the glass. Indoors, turn on the lights! Include closets, stairways – you want your home to be bright and welcoming.

During the day, bring in the light. Pull up the blinds, open the shutters, pull back the curtains.

mintsApply a Little Southern Hospitality
While not required, it’s a nice touch to leave a treat by the front door that potential buyers and their realtor can grab as they leave your home … wrapped mints, individually wrapped candy corn, snack size candy bars. It’s also nice to provide a small tray or bowl for realtors to leave their business cards.

pumpkin-on-haybaleAbout Halloween Décor
According to Realtor.com, you don’t have to forgo all festive decorations, but you do have to choose them wisely. In general, decorations should be neutral. Think scarecrows, pumpkins, and hay bales. As for what not to do, well, avoid blood, gore, political decor, clowns, and don’t over decorate. And a word to the wise … keep an eye on the pumpkins. Nobody wants to encounter rotting produce!

Information provided by Keller Williams Dallas Metro North. Thinking about selling your home? Call us today – we have over 400 highly qualified agents ready to assist you with your real estate needs.

What’s the Good News for September?

DHL3DHL expands in North Texas.  The shipping company just moved into its new 50,000-square-foot warehouse in Carrollton, adding 70 new jobs to meet demand for international commerce.  Now, the company has two facilities handling incoming and outgoing packages in North Texas. Greg Hewitt, CEO of DHL Express, said the company wants to make DFW Airport an international gateway for packages from as far away as Asia and Europe, and the company is in talks currently with DFW Airport customs officials.  The freight carrier also wants to open a third warehouse in Fort Worth, and they are currently searching for real estate to make that a reality.  DHL’s current facility in north Grand Prairie near DFW Airport was at capacity, prompting them to open the Carrollton facility. The new location off Interstate 35E is centrally located for their delivery routes in the eastern half of the Metroplex, Hewitt said.  DFW Airport is already a cargo hub which handled 829,019 U.S. tons of cargo and mail in 2016, up 12.7% from the previous year, according to the airport.

NICHE4North Texas fared well in Niche.com’s 2018 Best Public High School in Texas list. Niche.com, a website that analyzes neighborhood and schools data, recently released its 2018 Best Public High Schools in Texas list.  Of the top-100 ranked high schools in Texas, 38 are located in North Texas.  Frisco Independent School District had the most high schools on the list, with six.  And the best high school in North Texas? That distinction belongs to Dallas Independent School District’s School for the Talented & Gifted.  Carroll Senior High in Southlake ranked #12 overall, while Coppell came in at #14 and Flower Mound High at #26.   

Pecan Square Master Planned Development to begin construction later this year. The town of Northlake, along the Alliance I-35W corridor, is surrounded on three sides by the regional growth surge: Fort Worth to the south, Denton to the north, and Flower Mound/Argyle to the east.  Northlake is building - 6.jpgapproximately the same total size(32-square-miles) as the Town of Flower Mound to its east. Opportunities for future development are limited, however, because almost 1/3 of its land is in a floodplain, plus the existence of gas wells and distribution lines further limit future development.  Pecan Square is a Hillwood proposed mixed-use, master-planned development– made up of three tracts (Young, Gibbs and Thompson).  The proposed Pecan Square development will include a mix of commercial and residential uses with a mix of lot sizes and densities, located on 1,157-acres west and south of the I-35W and FM 407 intersection, across 407 from Harvest.  The zoning requests were approved in April 2017, and the Pecan Square development is expected to begin construction later this year, with models open by spring 2019.  The number of homes have yet to be finalized but could exceed 3,000.

Nordstrom4A Nordstrom that doesn’t stock clothes?! Innovation continues in all sectors of the economy.  In Q1 2017, Nordstrom experienced a 6.8% decline in retail store sales, and an 11% increase in online sales.  Then in Q2, online sales were up 20% year over year. The department store announced 09/11/17 that its new concept, Nordstrom Local, will be a 3,000-square foot store (their retail stores average 140,000 square feet) where customers can do things like try on clothes with a stylist, get manicures, and order coffee — or even wine or beer. Nordstrom said this location won’t stock accessories or clothing itself, but that people can order items for same-day try-on and pickup at the store.  The store will feature in-store tailoring and alterations. The goal is a personalized, faster, easier shopping experience.  Their advertisements are catchy – a Nordstrom’s that doesn’t stock clothes?  And they don’t mention anything about lower prices.  The first location will open in West Hollywood, CA on October 3rd.

DFW Airport to add Wow Air in May 2018. Wowair.com is an ultra low-cost carrier that has announced it will fly passengers nonstop from DFW to Reykjavik, Iceland, for $99 one way.  The CEO of Wow says he wants many to experience his homeland.  The airline will also offer $149 one way fares to Paris, Frankfurt, London and Barcelona, which will then connect passengers to 22 destinations in Europe on the airline. While the fares are cheap, Wow Air charges fees for additional services – for example, on a flight from New York to Iceland, a carry-on bag costs $40, checked luggage costs $50, a seat assignment in the front of the plane costs $10 and snacks and water cost extra.  DFW will be Wow Air’s 13th destination in the U.S., the latest in the Icelandic carrier’s growing network. Wow Air is the first budget carrier to service DFW. Wow Air said it will use an Airbus A330 aircraft on the route to Iceland that will depart DFW three times a week on Tuesdays, Thursdays and Saturdays.

Good News! provided by Keller Williams Dallas Metro North. Call us today – we have over 400 qualified agents ready to assist you with your real estate needs!

5 Tips to find the right Realtor

Realtor 02Once you’ve decided to sell your home, you need a trusted guide by your side: Realtor, of course! Your realtor will be a trusted partner in this most important of all transaction. Here are 5 ways to find a Realtor who’s right for you.

Gather referrals, but take them with a grain of salt

There are a lot of agents out there. So how do you choose? Go ahead and ask your pals for referrals, but don’t fall into the trap of picking an agent purely because of rave reviews. The old mantra of location, location, location applies to real estate agents as much as homes.

“You want a Realtor who is very familiar with your area—and not just what he can pull up online,” says Wendy Flynn, a Realtor in College Station, TX. The reason is simple: If they’ve spent time in the area, they’ll know how to market your house there.

So a better question to ask your friends than “Know any real estate agents?” is, “Know a real estate agent who’s sold any properties in my area in the past few years?”

Test their communication skills

Once you have your list of potential agents, email them or call their office, then sit back and wait. This is your first test of a key component: how responsive will your agent be? Ideally, she should get back to you that same day.

“If it takes longer than four business hours without a decent explanation, I would be cautious,” says Chandler Crouch, broker for Chandler Crouch Realtors in Fort Worth, TX. Imagine if you’ve got competing offers on the table, or if some problem comes up with the home inspection. You don’t want to wonder where your agent is and whether you’ll hear back from her!

Probe their experience

Your initial conversation with a prospective listing agent should be like any job interview: Don’t be afraid to ask the tough questions right off the bat. A good agent should know his stats, and any dancing around these numbers could mean he’s hiding something. According to Crouch, you should ask the following:

  • How long have you been in business? Aim for Realtors with at least two years of experience, enough time to learn the ropes and finesse their marketing and selling plans. Time (on the job) is money (in your pocket).
  • How many houses did you sell last year? Look for agents with double-digit sales. “I wouldn’t consider an agent unless they had 20 or more sells a year,” Crouch says.
  • What percentage of your listings do you sell? Ideally you want an agent who has sold an average of 60% to 80%.
  • What is the average list price to actual sell price ratio for your listings? This can fluctuate by market, but you should still look for high numbers. “I would set a low bar of 95% to be acceptable for even the worst market conditions,” Crouch says.

Assess their marketing skills

Everyone knows that to sell a house quickly (and get the big bucks) you need to reach as many eyeballs as you can. And the way to suss out an agent’s ability to do that is to ask these questions:

  • How will you market my home? A Realtor should use at least a good brokerage website to showcase your listing, national listing portals such as realtor.com®, and an email subscription list.
  • How will you use social media? They should use at least Facebook and Twitter to market listings; they get bonus points if they post photos on Instagram.
  • What offline materials do you use? While most marketing is done online now, your Realtor should still make use of tried-and-true methods such as fliers, yard signs, and brochures, especially at an open house.
  • How much do you spend on advertising? “Don’t stop asking until you get a solid dollar figure,” Crouch says. Advertising costs vary widely by area, but Realtors should consistently spend a portion of their business expenses on advertising. By asking for a set amount, you’ll know if they’re doing that or not.

Don’t shoot for cheap

Finally, don’t assume the most inexpensive agent is the one for you. While agents work at different price points and some may take a lower commission, they should be confident enough in their abilities to stand by their prices, according to Crouch. So when you’re talking terms, he recommends asking agents if they’ll work on a discount. If they jump at the chance early on in the conversation, that might be a red flag.

“Think about this: If the agent can’t even negotiate to protect their own money, how likely do you think it will be for them to go to bat to protect your money?” Crouch says. “It’ll be a test of confidence in their own services at least.”

by Angela Colley, real estate writer for Realtor.com 

 

Information provided by Keller Williams Dallas Metro North. Call us today – we have over 400 qualified agents ready to assist you with your real estate needs!

KW | Dallas Metro North outperforming NTREIS!

Keller Williams Dallas Metro North is outperforming NTREIS!! Look at our figures: We’re selling $25,552 higher per home, taking 3.2% more listings and selling them 20 days faster in June 2017. Call us today for help with your real estate needs!

LORE JULY

It’s highly beneficial to use a professional, knowledgeable, local real estate agent! Call Keller Williams Dallas Metro North today!!

Existing Home Sales Up 1.1%

business - growth 8Existing-home sales rebounded in May following a notable decline in April, and low inventory levels helped propel the median sales price to a new high while pushing down the median days a home is on the market to a new low, according to the National Association of Realtors®. All major regions except for the Midwest saw an increase in sales last month.

Existing-home sales, which are completed transactions that include single-family homes, townhomes, condominiums and co-ops, climbed 1.1 percent to a seasonally adjusted annual rate of 5.62 million in May from a downwardly revised 5.56 million in April. Last month’s sales pace is 2.7 percent above a year ago and is the third highest over the past year.

House _Transparent.pngLawrence Yun, NAR chief economist, says sales activity expanded in May as more buyers overcame the increasingly challenging market conditions prevalent in many areas. “The job market in most of the country is healthy and the recent downward trend in mortgage rates continues to keep buyer interest at a robust level,” he said. “Those able to close on a home last month are probably feeling both happy and relieved. Listings in the affordable price range are scarce, homes are coming off the market at an extremely fast pace and the prevalence of multiple offers in some markets are pushing prices higher.”

Inventory is currently at a 3.8-month supply. Existing homes averaged 29 days on market in April, five fewer days than in March and 10 fewer days than one year prior. Non-distressed homes took 28 days to sell. All told, 52 percent of homes sold in April were on the market for less than one month.

Source: National Association of REALTORS®

It’s highly beneficial to have a professional, knowledgeable, local real estate agent by your side! Call Keller Williams Dallas Metro North today to help you with your real estate needs!