Unlock Your Opportunity | #NewAveRealty 2016

Can you believe that we are near the end of 2016? This year is really over in a less than 48 hours. I am one who is excited about 2017. 2016 was a great year, ready to rock 2017! Thanks to all who were apart of 2016!

 

 

Visit our Website: Unlock Your Opportunity in 2017

McKinney Home for Sale: 2305 Collier Drive

This new McKinney home for sale is one that is perfect for someone searching for their first home or looking to down-size. It has a comfortable space without being overwhelming but plenty to fill it up with love.  You’ll love this charming, 1-story home. This 3 bedroom, 2 bathroom home will give you 1,742 sq ft of generous space. It features two living and dining areas for the perfect open concept space. Owners have taken pride in this beauty. It’s situated in the friendly and quiet community of Sandy Glen and within minutes of Highway 75 and local shopping.

 

The current owners purchased the home in 2004 and are the original owners. When asked what was it that the loved about the home? Originally it was the space, schools, and the fact that they had a home for their then 3-month year old daughter. You could tell from our conversation that they loved the neighborhood as well as their neighbors are very caring and great neighbors too. I noticed this as we hosted the Open House on Saturday and neighbors were sad to see them go. One even suggested parking their additional car in his yard so that the future homeowners could drive up to the home.

That proved to me that the new homeowners will feel connected to the home and neighborhood. I always illustrate that not only are you buying the home, you are buying the neighborhood as well. Sandy Glen is one close-knit neighborhood that really makes a difference in home buying.

Click Here to View More of this Home

Stage to Sell! Do’s and Don’ts


Grey kitchen featuring Greystone color hardwood floor (Maple-Greystone) For more information, visit www.miragefloors.com

The purpose of staging your home is to prepare your home to be seen at its best! You wouldn’t go to a job interview or an important meeting not dressed to impress, so why not stage your home for success? Did you know staged properties spend 73% less time on the market? Well, according to the Real Estate Staging Association not only do staged properties spend less time on the market they look better, sell for more money and are highly likely to be on the top of a buyers priority list.

Take yourself back to the time where you were in the buyer’s shoes. As a potential buyer you saw many homes. Some were staged, whereas some were not. Surely, you remember the houses that were decorated beautifully and even gave you the homey feel. You might even remember the cringe you felt walking into someone’s home who did not give you that feeling. Maybe their homes seemed bare and lifeless or maybe their homes were cluttered with personal items making it hard for you as a buyer to see yourself there. For these reasons, staging is essential to sell your home to a potential buyer.

Below are a list of Do’s and Don’ts for staging your home

  • DO Detach – Memories are forever but this house must be sold!
  • DON’T keep the clutter- This one of the most important tools in selling  your home
  • DO your research on how to stage your home or use your resources and find someone to stage your home for you.
  • DO upgrade your appliances
  • DON’T keep that same paint job from 3 years ago. Paint your walls.
  • DO have great lighting to give your home and welcoming and warm feeling.
  • DON’T make your room look smaller. You want a small room to appear bigger than it is, for this reason you may want to paint your walls the same color as your drapery.aimco_apartment_bedroom

 

 

 

 

 

 

Continue reading Stage to Sell! Do’s and Don’ts

Unparalleled Trust Before Listing Your House

Trust Pic

You and your family have decided to sell your house. It is now time to choose a real estate professional to help with the process. One of the major attributes this agent must possess is trustworthiness. To what degree do you need to trust them?

You must have enough trust in them that you feel comfortable they will accomplish all four things below: 

1. Sell possibly the largest asset your family owns

In many cases, a home is the largest asset a family has. Studies have shown that the equity many families have in their home is the largest percentage of that family’s overall wealth. 

2. Set the correct market value on that asset

Pricing is crucial even in the best of markets. You want to get the best price for your home without putting your house at a value that buyers will have little interest in.

3. Set the time schedule for the liquidation of that asset

Your family probably has a certain timetable for the sale of your house and the move into your next home. Coordinating the home selling process to meet certain schedules can be tricky.

4. Set a fair fee for the services required to liquidate that asset

You will need to pay a commission to an agent for selling the home and coordinating all elements of the selling transaction, including possible future negotiations (ex. with a home inspector or appraiser).

That’s a lot of trust. Make sure you pick a true professional to help with the sale of your home. Contact me to discuss the New Avenue Realty of Keller Williams way of listing your home and our unique marketing concepts to get your home SOLD.

4 Reasons to Move Up to Your Dream Home This Spring/Summer

4 Reasons to Move up

 

Spring is in full force; the summer months are right around the corner. If you are debating moving up to your dream home, here are four great reasons to consider listing your current home and moving up to your dream home now, instead of waiting.

1. Buyer Demand is High & Inventory is Low

Recent numbers show that buyer demand is at the highest peak experienced in years, and inventory for sale is at a 2-3 month supply, which is still markedly lower than the 6 months needed for a historically normal market.

Demand in many markets is far exceeding the supply, and more properties in March sold in less than 30 days (42%) than in any month since last July.

Listing your home today can greatly increase exposure to buyers who are out in force and ready to act.

2. Prices Will Continue to Rise

CoreLogic recently released their latest Home Price Index in which they predict that national home values will appreciate by 5.3% by this time next year.

The bottom in home prices has come and gone. Home values will continue to appreciate for years. Waiting for your current home’s value to increase before selling could price you out of your new home if you aren’t careful.

3. Mortgage Interest Rates Are Still Near Record Lows

Interest rates have remained below 4% for some time now and are substantially lower than the rate previous generations paid when getting a mortgage.

The Mortgage Bankers Association, Fannie Mae, Freddie Mac & the National Association of Realtors are in unison projecting that rates will rise over the next 12 months.

An increase in rates will impact YOUR monthly mortgage payment. Even an increase of half a percentage point can put a dent in your family’s net worth. Whether you are moving up or buying your first home, your housing expense will be more a year from now if a mortgage is necessary to purchase your home.

4. It’s Time to Move On with Your Life

The ‘cost’ of a home is determined by two major components: the price of the home and the current mortgage rate. It appears that both are on the rise. But, what if they weren’t? Would you wait?

Look at the actual reason you are buying and decide whether it is worth waiting. Have you always wanted to live in a certain neighborhood? Would a climate change be just what the doctor ordered? Would you like to be closer to your family?

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Bottom Line

If the right thing for you and your family is to move up to the home of your dreams this year, buying sooner rather than later could lead to substantial savings. For more information about what your home could sell for today, contact New Avenue Realty at Keller Williams Dallas Preston Road at 972-813-9788 or atfowler@kw.com. #YourNewAvenueAwaitsYou #SelltheThrone #CrowningHomeowners

Can I Buy a Home and Sell My Current One at the Same Time?

Question of the day right. The simple answer to this question is “yes”. You are able to sell your current home and purchase your next one at the same time. One of the main reasons of moving up is the equity that may be in your home. The chart below notes what homeowners think is their equity value compared to what is their equity value. February2016-29

So are you wondering what you need to do to buy your next home and sell your current home? Well I have you covered in this week’s Tuesday Tip.

 

 

Your new avenue awaits you……Let’s Find it!

Find your new home at NewAvenueRealty.com or move-updallas.com.

 

 

No Matter Which Groundhog You Listen To, You Should Buy or Sell Before Spring!

Tulip Garden

Is spring closer than we think? Depending on which Groundhog you witnessed a few days ago, you may have less time than you think to get your home on the market before the busy spring season.

Many sellers feel that the spring is the best time to place their home on the market as buyer demand traditionally increases at that time of year. However, the next six weeks before spring hits also have their own advantages.

Here are five reasons to sell now. 

1. Demand is Strong

Foot traffic refers to the number of people out actually physically looking at homes right now. The latest foot traffic numbers show that buyers are still out in force looking for their dream home. These buyers are ready, willing and able to buy…and are in the market right now!

Take advantage of the strong buyer activity currently in the market. 

2. There Is Less Competition Now

Housing supply just dropped to 3.9 months, which is well under the 6 months’ supply that is needed for a normal housing market. This means, in many areas, there are not enough homes for sale to satisfy the number of buyers in that market. This is good news for home prices. However, additional inventory is about to come to market.

There is a pent-up desire for many homeowners to move, as they were unable to sell over the last few years because of a negative equity situation. Homeowners are now seeing a return to positive equity as real estate values have increased over the last three years. Many of these homes will be coming to the market in the near future.

Also, new construction of single-family homes is again beginning to increase. A study byHarris Poll revealed that 41% of buyers would prefer to buy a new home while only 21% prefer an existing home (38% had no preference).

The choices buyers have will increase in the spring. Don’t wait until all this other inventory of homes comes to market before you sell.

3. The Process Will Be Quicker

One of the biggest challenges of the housing market has been the length of time it takes from contract to closing. Banks are requiring more and more paperwork before approving a mortgage. There is less overall business done in the winter. Therefore, the process will be less onerous than it will be in the spring. Getting your house sold and closed before the spring delays begin will lend itself to a smoother transaction.

4. There Will Never Be a Better Time to Move-Up

If you are moving up to a larger, more expensive home, consider doing it now. Prices are projected to appreciate by 5.4% over the next 12 months according to CoreLogic. If you are moving to a higher priced home, it will wind-up costing you more in raw dollars (both in down payment and mortgage payment) if you wait. You can also lock-in your 30-year housing expense with an interest rate below 4% right now. Rates are projected to rise by three-quarters of a percent by the end of 2016.

5. It’s Time to Move On with Your Life

Look at the reason you decided to sell in the first place and determine whether it is worth waiting. Is money more important than being with family? Is money more important than your health? Is money more important than having the freedom to go on with your life the way you think you should?

Only you know the answers to the questions above. You have the power to take back control of the situation by putting your home on the market. Perhaps, the time has come for you and your family to move on and start living the life you desire.

That is what is truly important.

On the other side, here is the top reasons why you should buy before Spring.

  1. Serious Sellers with Serious Deadlines.

There are less people moving out or buying during winter season because of Christmas and  End of the year activities that needs to be done. This means there are a lot of great properties which were listed during winter but was not sold, sometimes that also means price reduction.

2. New year New you

A lot of people believes in starting fresh at the start of the year, some of these individuals have just started looking around and do not have everything they need to get ahead of the home buying process which is why they normally end up buying in Spring. Get ahead of the herd by getting pre-qualified and talking with a lender to know your buying limit and save time.

3.Get a Great Price for Listed Properties from Winter

Like mentioned above, lots of properties are still in the market from winter. This is the time where sellers are usually active and likely to be in negotiating mood for their property. Try to contact a seller immediately if you see a house that suits your needs.

4. Vacation time is over

Tried to contact a seller during Christmas time and did not get a reply? This is the best time to send a follow up as most people are back to business. You are more likely to get a  home if you follow up with a seller to let them know that you were first in line if there are others who are interested in the property as well.

5. Less Competition

Do not get caught in the Spring Trend of the Real Estate market. Prices go up and great properties are being sold by the minute. Get first pick of the best property by getting a headstart!

 

 

For more information about selling your home, contact New Avenue Realty (Keller Williams Realty – Dallas Preston Road) via email or phone at info.newaverealty@gmail.com or 972.813.9788.

Homeownership: The Real Story Behind The Headlines

Homeownership: The Real Story Behind The Headlines | Keeping Current Matters
The big housing news this week is that the homeownership rate has dropped to 63.4% which represents the lowest rate in 48 years. That news definitely is making headlines. Yet, to fully understand what this means we have to look at the story that created these headlines.
There is no doubt the homeownership rate has declined since the housing crisis. Here is a graph showing the homeownership rate over the last twenty years. It skyrocketed during the housing boom and has steadily fallen since the bust:
HomeownershipRates | Keeping Current Matters

The story behind the headline…

The dramatic fall in the rate over the past year must be looked at very closely. The rate is determined by the “number of households” who rent versus those who own. Let’s assume you have nine friends that live on their own (thus forming a household); six of them own and three of them rent. That would mean that 66.6% (6 out of 9) of your friends that live on their own are homeowners.
Now, let’s assume you have another friend who has been living with his parents. He would not be considered a separate household because he lives within his parents’ household. Once that friend moves out of his parents’ home and gets a place of his own, he will become part of the household count. Let’s assume, since he is just starting out, that he moves into a rental.
When he does, you now have ten friends that live on their own. If six still own their home and four of your friends now rent, the homeownership rate of your friends drops to 60% (6 out of 10). The number who own didn’t decrease; but the percentage decreased.
With the economy improving and job numbers looking better, more and more young adults are beginning to move out and get a place of their own. However, most will start in a rental situation thus driving the “percentage” of homeownership down. Auction.comexplained the most recent drop in homeownership rate this way:
“This occurred as household formations popped, implying millennials are riding an improved labor market out of mom and dad’s house. Roughly a third of millennials live at home according to Census data, an elevated figure. Continued gains in the labor market will coax increased numbers out into their own places, a majority of which will be apartments, as this age cohort lacks the financial wherewithal to buy.”

What does this mean to the future of homeownership?

The great news is that study after study has shown that Millennials aspire to homeownership as they still see it as a major part of the American Dream. As they get more comfortable with their financial situation, many of the Millennials who finally made it out of their parents’ homes this year will become homeowners over the next several years. An increase in homeownership rates will follow.

If You are Thinking of Selling, Now’s the Time

If You are Thinking of Selling, Now’s the Time | Keeping Current Matters
If you thought about selling your house this year, now may be the time to do it. The inventory of homes for sale is well below historic norms and buyer demand is skyrocketing. We were still in high school when we learned the concept of supply and demand: the best time to sell something is when supply of that item is low and demand for that item is high. That defines today’s real estate market.
Jonathan Smoke, the chief economist of realtor.com, in a recent article revealed:
“Our preliminary review of April activity on realtor.com shows that traffic, searches, and listing views are up more than 35% over last year. With 3 million jobs created and close to 1.5 million new households formed in the past 12 months, many more people want a new home of their own, and they want it bad. Their patience will be tested with tight supply—indeed, the No. 1 impediment of active shoppers in April was not being able to find a home that meets their needs.”
In this type of market, a seller may hold a major negotiating advantage when it comes to price and other aspects of the real estate transaction including the inspection, appraisal and financing contingencies.

Bottom Line

As a potential seller, you are in the driver’s seat right now. It might be time to hit the gas.