Seller

Information pertaining to sellers

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?

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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.

Sellers saying “Now is a good time to sell!”

shutterstock_1638721Many homeowners have been reluctant to list their homes for sale – some by choice, some for fear of being unable to afford a new home, or of coming out in the red.

71% of survey respondents believe now is a good time to sell
Recently released findings from a survey by the National Association of REALTORS® (NAR) show more homeowners are ready to move on and unload… or, at least, say they are. Seventy-one percent of survey respondents for the quarterly Housing Opportunities and Market Experience (HOME) report believe now is a good time to sell, an increase from 69 percent the previous quarter and 61 percent one year ago.

“There are just not enough homeowners deciding to sell because they’re either content where they are, holding off until they build more equity, or hesitant seeing as it will be difficult to find an affordable home to buy,” says Lawrence Yun, chief economist at NAR. “As a result, inventory conditions have worsened and are restricting sales from breaking out while contributing to price appreciation that remains far above income growth. Perhaps this notable uptick in seller confidence will translate to more added inventory later this year. Low housing turnover is one of the roots of the ongoing supply and affordability problems plaguing many markets.”

Renters less sure about their home-buying prospects
Renters, however, are less sure about their home-buying prospects. Fifty-two percent of renters surveyed believe now is a good time to buy a home, a decrease from 56 percent the previous quarter and 62 percent one year ago. Eighty percent of homeowners surveyed, to compare, believe now is a good time to buy. Forty-two percent of respondents believe homes are affordable, with respondents living in the Midwest most likely to believe homes are affordable and respondents living in the West least likely to believe homes are affordable.

Business 01Survey respondents are reining in their optimism in the economy, as well, according to the report. Fifty-four percent of those surveyed believe the economy is improving, which is in contrast to a record 62 percent the previous quarter. (Homeowners, notably, tend to be more optimistic about the economy.) The survey’s Personal Financial Outlook Index, which gauges respondents’ sentiment on their financial situation over the next six months, dropped to 57.2 in June.

“It should come as little surprise that the confidence reading among renters has fallen every month since January (64.8) and currently sits at its lowest level (53.8) since tracking began in March 2015 (65.7),” Yun says. “Paying more in rent each year and seeing home prices outpace their incomes is discouraging, and it’s unfortunately pushing homeownership further away – especially for those living in expensive metro areas on the East and West Coast.”

New Home - family - 01Twenty percent of respondents, especially those with annual incomes less than $50,000 and/or under age 34, would consider moving to a more affordable area.

“Areas with strong job markets but high home prices risk a migration of middle-class households to other parts of the country if rising housing costs in those areas are not contained through a significant ramp-up in new home construction,” Yun says.

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.

3 Tips for a Higher Home Appraisal

homeinspection4It may seem that home buyers and sellers don’t agree on much, but they share one important concern: that the transaction is successful. This comradery is never more evident than during the appraisal process. It’s only natural, since the results of the appraisal can send the deal spiraling out of control.

Appraisers take into account many factors when determining the worth of a home. While some of these, such as location, can’t be helped, there are things a homeowner can do to ensure that the home is appraised for maximum value.

1. Information is King 

Appraisers don’t spend a lot of time in the home. In fact, Brian Coester, chief executive of appraisal firm CoesterVMS, tells CNBC that the interior inspection typically takes 30 minutes or less.

“After inspecting thousands of homes, it does become quite easy to quickly assess the amenities in a home,” reiterates Ryan Lundquist on Sacramento Appraisal Blog. That isn’t much time to make a good first impression, so line up those ducks in advance of the appraiser’s visit. The first one should be a packet of information that you can hand the appraiser as he or she speeds out the door after the inspection. This packet should contain not only the basics about your home but anything that will help back up the buyer’s offer.

Include a fact sheet about the home with the address, the year the home was built, the square footage, number of bedrooms and bathrooms, and the size of the lot. Also include a listing of recent sales in the area, especially if you know of any for-sale-by-owner homes that have sold or homes that sold for less than they should have for any reason. For example, a home may have been sold to a relative, or the owners may have sold quickly to take a job out of town. Yes, the appraiser has access to recent home sales, but there’s always a chance he or she may miss something.

Create a list of any improvements you’ve made to the home. List them by date and include contact information for the contractor who did the work.

2. If It’s Broken, Fix It 

home improvement - 1The appraiser will assign the home with what is known in the business as an “effective age.”

It’s largely based on the condition of the home and how well it has been maintained. This age may be older or younger than its actual age. “Say you have a cracked window, thread-bare carpet, some tiles falling off the shower surround, vinyl torn in the laundry room, and the dog ate the corner of the fireplace hearth, these items could still add up to an overall average condition rating as the home is still habitable, however your effective age will be higher resulting in comparables being utilized which will have the same effective age and resulting lower value,” Doreen Zimmerman, an appraiser in Paradise, California, tells the Wall Street Journal.

Fix anything that will age the home in the eyes of the appraiser.

3. Give the Home a Quick Cleaning

Most appraisers will tell you that it doesn’t matter if your home is clean or dirty – it has no bearing on its value. We, on the other hand, know how illusions can sell, and if a cleaning - 4clean house gives the illusion that the home has been well-maintained, what harm can it do to clean it before the appraiser’s arrival? I don’t know about you, but before I trade in a car at the dealership, I give it a good cleaning.

“Things like overgrown landscaping, soiled carpeting, marks on walls – those do affect value and are part of the property’s overall condition rating,” Dean Zibas, of Zibas Appraisal in San Clemente, California, tells the Wall Street Journal.

While some things impact a home’s value more than others, the bottom line is that the process can vary by appraiser. Anything you can do in the three areas listed above has the potential to streamline the appraisal process and increase the value of your home. Plus, going through these steps prior to listing your home will only help increase the number of potential buyers. And ultimately, selling your home is what it’s all about.

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!

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!

Summer in North Texas – Fun Fun Fun!

Summer Heat? … Pshaw!! North Texas has it all when it comes to fun summertime outdoor activities. So many things to see and do under our beautiful Texas blue skies. So grab a Texas sweet tea and explore all North Texas has to offer!

Bartonville Farmers Market
Bartonville Town Center, 2652 FM-407 Bartonville TX 76226
Every Wednesday and Saturday from 8 a.m. to sell-out

Lakeside Music Series
The Shops at Lakeside DFW, 2314 Lakeside Parkway
Every Friday from 7:30 to 9 p.m. through the second week of November.

Dallas by Chocolate Foodie Tours
chocolate tourA fun way to learn more about our area, these luxury bus and walking tours take groups and individuals on Corporate Team Building, Taco & Margarita, BBQ, Bishop Arts, Best of Everything, Hidden Dallas, Italian, Bacon, Wine, Scavenger Hunt, Best of Everything and Chocolate Tours. Named “One Of The Ten Best Things To Do In Dallas” by USA Today.

Walking Friends and Fun Meet-up group
Nature hikes, urban hikes, park walking, leisure bike riding and the company and friendship of nice people – the motto of this group is “Get off the Couch!” The group is not about extreme exercise but they do enjoy getting out and being active.  Everyone is welcome!

Evenings on Oak Street Concert Series
Austin Street Plaza, 221 N. Oak Street, Roanoke. 7 – 8 p.m.
Next concert scheduled for August 10 – continues through September 21. Check website for exact datesfireworks.jpg

Friday Fireworks in Grapevine
A 12-minute show every Friday night over Lake Grapevine at 9:30 p.m.
Fridays, May 26 – September 4, 2017

Yoga in the Plaza
Wayne Ferguson Plaza, 150 W. Church Street, Lewisville
Every Wednesday until September 20, 6 p.m. Bring your yoga mat or towel/blanket, water, and your family & friends!

Lewisville Lake Environmental Learning Area (LLELA) Nature Preserve
offers a variety of outdoor experiences for all ages. Kayaking, hiking, stargazing, bird walk, nature hike, tours of Minor-Porter Log House. LLELA is 2,000 acres of prairies, forests, and wetlands managed as a wildlife preserve by the U.S. Army Corps of Engineers, University of North Texas, City of Lewisville, and Lewisville ISD.

Denton County Farmers’ Market
Corner of Mulberry Street and Carroll Boulevard, Denton TX
Every Tuesday, Thursday and Saturday from 7 a.m. to sell-out, through September

Highland Village Concerts in the Park
Doubletree Ranch Park, 7:00 p.m.
Through September 23Events - Balloon Festival

Highland Village Lions Club 30th Annual Balloon Festival
Friday, August 18-Sunday, August 20, 2017
HV Unity Park, located near intersection of Briarhill Blvd and FM-407

Glow in the Dark Nerf Wars!
The Battlefield, 1512 I-35W, Denton 76207
Saturday, July 22, 2017 6:00 – 8:00 p.m.

Fort Worth Rockin’ the River – Tubing on the Trinity & Live Music Series
Panther Island Pavilion
Every Saturday until August 5th

Information provided by Keller Williams Dallas Metro North. Over 400 qualified real estate agents to assist you with all areas of real estate. Contact us today!

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!!