Real Estate Services

KWDMN: Wearing Many Hats …

Happy Halloween!!

Halloween makes me think of costumes, which makes me think about the phrase “wearing many hats”. With over 400 qualified Realtors© ready to serve you, here is a tongue-in-cheek look at some of the hats you THINK we wear!

What our friends think we do:Friends3
What our mom thinks we do:Mom3
What our clients think we do:Clients3
What we think we do:superhero4
What we actually do!multi1
Keller Williams Dallas Metro North
– juggling the details daily to serve you the best! Call us today for help with ALL your real estate needs!

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Home Inspections – Items That Aren’t Deal-Breakers

Contract 01After making an offer on a home, you’ll enter into a contract. Part of that contract should always include getting a home inspection. It is recommended that any homebuyer make an offer to purchase contingent upon a home inspection. This allows you to withdraw your offer if there are any major issues discovered during an inspection.

More than likely, the home inspector will find problems that need to be fixed before closing. Major foundation issues and significant water damage are at the top of the list of signs to walk away from.

On the other hand, there are some home defects found during an inspection that don’t have to be deal-breakers. Many of them can be fixed, and they can be used to negotiate with the seller for a lower price point or additional help with the closing costs.

homeinspection2Lead-Based Paint
Lead-based paint was banned in 1978, but it’s still possible that you could purchase a home that contains it if it was built before the ban. The sellers should disclose this, but the home inspector may find it, as well.

Ultimately, it is up to you to decide how comfortable you are with purchasing a home that has lead-based paint, but it doesn’t have to be a deal-breaker. You can hire a contractor who is certified to remove lead-based paint, and the home will be completely safe.

Concrete Floor Cracks
Cracks in a concrete basement floor may seem like a structural problem, but this is natural and not indicative of significant damage. Small cracks occur in concrete because it’s a porous substance. These cracks can be fixed at a relatively low cost, and shouldn’t be a reason for you to back out of a contract.

What is something that’s cause for concern are cracks in concrete walls, as these may or may not be associated with the structure. If the wall has moved or if the cracks have a large opening, then these would be deal-breakers.

Mold
Mold is something that no one ever wants to see in a home you put an offer on, but a little bit of mold by the shower doesn’t mean you need to back out of your offer – at least not immediately.

If mold is found during the home inspection, have a qualified mold inspector take a look. Not all molds are toxic, but the safest way to determine if this is a deal-breaker is by hiring a mold professional.

pestcontrol1Bug Infestations
Bug infestations can cause significant damage to the home’s structure if they aren’t exterminated quickly and efficiently. A home inspector may find signs of an infestation during an inspection, but how do you tell if it’s truly a deal-breaker?

The best way to know if there is pest damage to the home’s structure or foundation is to ask a qualified pest expert to do an additional inspection of the home. Someone who is a specialist will be able to tell you if the home just has a few bugs, or if you need to rescind your offer.

When problems arise during home inspections, it doesn’t always mean you have to back out of your contract. Home inspectors will often find problems outside of their scope of expertise, so always get a second opinion from a specialist before making a final decision. In many instances, these problems are opportunities to negotiate with the seller. You can request that the seller do the repairs, or ask for money to put towards repairs.

homeinspection3You can also ask the seller to include a home warranty on the home in the contract of sale, but it won’t repair the problems found in a home inspection contract. A home warranty is there to protect you from aging systems and appliances after you buy. Think of getting car insurance on a car that was just wrecked and then opening a claim – it wouldn’t work, because the insurance was put on after the damage happened. The same goes for a home warranty.

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!

How To Hire a Mover

Moving - 2When moving, there’s a million small details to juggle. Hiring a moving company can save you a bundle of stress, but it’s important to note that not all moving companies are the same, and you want to make sure your items are safe and secure in the hands of your movers.

Here are some tips to keep in mind when looking to hire a moving company:

Hire a licensed company – Be sure to only use a licensed moving company and check for a valid U.S. Department of Transportation number on the main DOT website.

Find reassurance in valuation – Even if movers are bonded and insured, verify if belongings are covered during the move. Some states require a valuation of 60 cents per pound of coverage but in many cases additional valuation can be purchased for the move.

shutterstock_28772560Avoid imposters – Visit the official site of the moving company and ensure there is a local address and the office is staffed.

Get a real quote – Inspect the website to ensure they will not sell personal information to other movers to provide the quote and avoid sites that feature multiple quotes from different companies. Never pay for an estimate and consider an on-site estimate to ensure accuracy for larger moves.

Inquire about the movers – Be careful if choosing to move forward with a company that employs temporary or day laborers and does not have Workers’ Compensation coverage should anything happen.

moving - 3Research options – The Internet is filled with reviews and comments on social media pages, so take the time to read about pros and cons of a potential company. Learn from customers’ experiences and look into complaints on the Better Business Bureau website, as well. Understand, not every move can be perfect, but if the company is taking time to respond to customers comments and work toward resolution, it is a good sign.

Don’t fall for a too good to be true price – If the price seems like it is too good, it probably is going to cause headaches and problems down the line. Moving is expensive – even if completed without movers – be sure to look at all of your options as it’s best to go into the process prepared. Also, never move forward with a company that only accepts cash.

Check for hidden fees – When asking about pricing, be sure to understand what is included and if there are cancellation fees or a nonrefundable deposit. Most companies will refund a deposit if within a certain amount of days before the move, and see if there are extra fees for stairs, mileage or large items. Some movers will offer complimentary padding and stretch wrap to protect furniture, but not all companies will.

Movers - 6Reputation is important – Many reputable movers belong to the American Moving and Storage Association. Identify if a prospective company is a member before booking a move.

Ask for references – Get advice from friends and family who have had a good experience with movers. Did they feel like they were communicated with throughout the process and were told a window of time for the movers to arrive? Don’t forget to ask questions to feel confident with booking a company.

Information provided by Keller Williams Dallas Metro North. It’s highly beneficial to have a professional knowledgeable, local real estate agent by your side. Call Keller Williams Dallas Metro North today – we have over 400 qualified agents ready to assist you with your real estate needs!

For Millennials, Homeownership Is a Waiting Game

shutterstock_282602042Millennials have their sights set on homeownership – but a new report makes a case that their dreams could be years from becoming reality.

According to a recent survey, though 80 percent of millennial renters aspire to become homeowners, 72 percent are held back by an inability to afford a home, with saving for a down payment the most challenging obstacle to overcome. Sixty-eight percent have less than $1,000 saved for a down payment; 44 percent, decidedly, have no down payment savings at all, and 40 percent have no savings plan in place to start.

Older millennials – those aged 25-34 and now in their prime home-buying years – are struggling to save for a down payment, as well: 42 percent have set aside nothing.

millennial-moneyThe down payment goose egg suggests millennials grossly miscalculate how much savings they need to afford a down payment, whether 20 percent – ideal to avoid monthly mortgage insurance and obtain better mortgage loan interest rates – or less. (In fact, when controlling for a 10 percent down payment, only 36 percent can save enough in three years.)

Another snag? Millennials who are saving up for a home have a long wait ahead of them. According to the survey, most will need to save for more than five years to accumulate enough for a 20 percent down payment, with those in the hottest housing markets – think ATX, the Bay Area and Silicon Valley – needing to wait roughly 20 years.

Injured Piggy Bank WIth Crutches“Our analysis shows that the lack of savings by millennials, combined with the extreme shortage in affordable entry-level homes, means that a large share of millennials may be stuck renting for years,” according to report authors Andrew Woo, director of Data Science and Growth, and Chris Salviati, senior growth associate, at ApartmentList.com.

All’s not doom and gloom, however. Millennials saving for a home in Kansas City, Mo., will need to squirrel away money for just five-and-a-half years, while those in Las Vegas, Nev., and Miami, Fla., will need about 6 years.

Millennial - indecisiveThere are other, less intimidating influencers keeping millennials from entering the housing market, too. Forty-five percent are “not ready to settle down” yet, and 36 percent are simply waiting to say “I do.”

“These results underscore the long-term crisis that homeownership in the United States may face, as millennials delay buying a home until later in life,” the authors state. “One of the outstanding questions for the housing market has been whether or not the nation’s largest generation – millennials – will purchase homes at rates similar to their parents or if they will continue to rent long into adulthood, or even indefinitely.”

For now, millennials are playing the waiting the game.

How to Move with Kids Without Losing Your Mind

by Cathie Ericson |  Reprinted from realtor.com
kids - 1

There’s no doubt that moving can be a life-draining experience under the best of circumstances. Add in kids—and it most certainly does not qualify as “the best of circumstances.” In fact, complete chaos can ensue. But don’t despair: Here are some tips to minimize the insanity of relocation with little tykes in tow.

Give them an early heads up

Kids are insightful little critters, and even the really young ones have likely gathered that something is up. Rather than letting them fret, give them the low-down on the plan as soon as you know you are moving.

“Set up a special dinner night with pizza or their favorite food and inform your kids of the move,” recommends Brad Pauly of Pauly Presley Realty in Austin, TX.

Explaining details—that mom has a new job, that the house will have a room just for them, and that the new town has a great park—will help to allay their concerns. Reassure them that all their familiar items will go with them, and that they will have ample time to say goodbye to friends.

Let them decorate the boxes

If you have younger kids, consider doing the majority of packing while they are with a baby sitter or friend, or at night. Not only are they likely more interested in shutterstock_28772560unpacking boxes, but they also might be upset seeing their things go away, even if it’s only temporarily.

Older kids can help fill boxes, and then let them unleash their creativity with stickers and markers.

“Allowing them to personalize their box of belongings keeps them busy and also makes it easier for you to identify what goes to their room when you arrive at the new house,” Pauly says. Kids will want to set up their new digs as soon as they can.

Keep kid ‘essentials’ on hand

Set aside one box of items you will need ASAP, and take it with you in your own car rather than placing it on the moving truck. Let your children choose the “essentials” in their life and place them in this box. For them, it might be a certain teddy bear or toy. No judgments!

This box is all about what your kid will want on hand. That way if the moving truck ends up late or boxes get lost, your kids know they’ve got the things they love most within reach, which curbs the odds of a first-night-in-new-house meltdown.

Keep important family paperwork around, too

Also keep in your own car a box of any important school-related documents (e.g., birth certificates, medical records, and transcripts) to ensure your kids are prepared for their new school.

“It’s easy to misplace papers when moving, so making sure important documents are ready to go will make the move less stressful on the other end,” Pauly says.

Purge while packing—with consent

Kids are hoarders by nature, and that can spell trouble when you realize you are paying to move the bottle cap collection or stuffed animal menagerie.

“This is a great time to go through their belongings and donate items that have been outgrown or overplayed,” says mom and Realtor® Susan Chace of Avenue Properties in Seattle. Talk about the fresh start they will have setting up a room sans clutter, and underscore that the donations can help someone else.

However, you want to make sure they have bought into the whole “letting go” thing; if they’re overly upset, it might be wise to table the purge.

“While you might be tempted to get rid of that broken toy or that shirt that no longer fits, you should keep it unless you’re certain your kid is OK parting with it,” Pauly warns. “Young kids tend to be attached to all their things, and ensuring they see their familiar belongings in their new home will provide comfort.”

Say farewell properly

Closure is tough for everyone, but especially for kids, who may be incredibly anxious about whether they’ll find a new BFF or if their new teacher will be as kind as Ms. Jacki.

“Have kids take photos of their room, yard, school, friends, and anything else that’s important to them so they can create a memory book of this chapter in their lives,” suggests Chace. You also might want to throw a going-away party to allow for proper goodbyes.

Enjoy the journey

If you’re moving out of the region (road trip!), make the drive part of the excitement. Show them the route you’ll be taking, and highlight areas of interest you’ll see along the way. Try to plan a few fun stops along the way. And don’t forget the souvenirs.

“If you’re traveling across many states, collect a magnet from each place you visit and display them on your new refrigerator,” says Chace.

Stick to routines

Make sure to stick to your schedule throughout the moving process, including naps and rituals like family meals or family game night, says Pauly: “Maintaining familiar routines as much as you can is reassuring.”

Finally, remind them that the most familiar thing they are bringing is still with them: their family. Cheesy we know, but deep down, your kids really do care.

Cathie Ericson is a journalist who writes about real estate, finance, and health. She lives in Portland, OR. Follow @CathieEricson

Do you have a service that would help REALTORS® and their clients in the home buying or selling process?

Keller Williams Dallas Metro North is looking for additional vendors that can add value and service to our REALTORS® and their clients. Our office currently has 365 agents and we are growing every month. What a great opportunity to grow your business!

Our vendors are featured on our office website, invited to participate in our bi annual vendor fair, featured in our Little Red Book that is printed twice a year and have opportunities to sponsor our monthly office events!

Vendors agree to respond promptly to all service requests, provide professional and courteous service at all times, and treat clients fairly and honestly in all situations.  The Keller Williams belief system:  Win-win or no deal, Integrity – do the right thing, Customers always come first, Commitment in all things, Communication – seek first to understand, Creativity – ideas before results, Teamwork – together everyone achieves more, Trust starts with honesty, and Success – results through people. 

Please contact Sarah Bordelon for more information and questions regarding our preferred vendor program.

940.367.6513   sarahbordelon.kw@gmail.com

Little Red Book Cover

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