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WORST TIME OF THE YEAR MAY BE THE BEST FOR BUYERS

The holiday season and the following “worst weather” months are widely considered the worst time of the year for selling or buying real estate. In reality, these distraction-packed months – November to February – carry benefits for determined buyers.

  • Join the “herd” of buyers who are active during traditional “good weather” home shopping months – starting with the spring frenzy of home buying – and this competition for properties can mean buyers pay more, lose out on good-value listings, and receive less attention from swamped real estate and mortgage professionals.
  • Get outside the traditional “box” of right times to buy and you’ll deal with sellers who are very committed to selling, real estate and mortgage professionals able to give you their full attention, and less competition for good-value listings. This lack of competition should mean you get more for your money with less hassle, more personalized service from real estate and mortgage professionals, and time to make confident decisions.

Yes, tradition may dictate that you put your dreams and your life on hold to spend and eat too much over the holiday season, and then cut corners when bills come in during the winter. However, “we’ve always done it that way” tradition does not mean we’ve ever done itthe right way. What priority do you give your real estate goals and dreams? Is it time for you to break from the buyer “herd” and make sure you receive the best buying opportunity possible?

The key advantage of shopping for a home during “the worst times” is that sellers who have listed their property during these periods are serious, often very serious, about selling. Motivated sellers understand why they benefit from taking offers to purchase seriously and take the time to explore how they may be able to work with the buyers. As we’ve discussed before, it’s about a lot more than purchase price. For instance, offering to match the seller’s perfect closing date can carry considerable value for the seller just as not asking for a huge shopping list of inclusions means savings for sellers.

There’s a practical side, too. Viewing property at “the worst time” can tell you a lot about what you can really expect from a property:

  • Visit a house during a hard rain and you’ll see how well the eavestrough system does its job. No overflowing gutters, waterfalls at corners, or soaked exterior walls. There should not be exterior water damage or water in the basement (at least from that source). Observe how the rain water flows off the land. Does it collect around the house or move to the street?  Pooling may indicate a potential basement problem. The longer water problems from poor maintenance continue, the greater the cost of repairing the damage. Paint may camouflage the trouble, but the problem will persist.
  • Drive by houses after a fresh snowfall and you’ll discover which are well insulated (snow on roof) and which are losing heat (melted snow).
  • Tour a house on a very windy day and drafts, insufficient insulation, and poorly-sealed windows and doors will be revealed.
  • Spend time in a house on a cold day and study how well the furnace heats the wholehouse. When a furnace is replaced, the duct work is not always adapted. Is it noticeably colder in the back rooms? How’s the second floor and the bathrooms?
  • During the holiday season when parties and cooking are popular pastimes tour condominium units and you’ll see how far noise and smells travel in the building and into the suite or townhome you’re considering.
  • Ask an experienced real estate professional for their “best things” about “worst times”.

Are you ready to turn “the worst times for home buying” into the best time for your successful real estate transaction?

Onward & Upward – the directions that really matter!

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Shows like a model home & Corner lot in Flower Mound, Texas


Beautiful Corner Lot Home For Sale in Flower Mound, Texas

Overview

Maps

Photos

Description

Neighborhood

Market Stats 

$323,900
Single Family Home
Main Features
4 Bedrooms
2 Bathrooms
1 Unit
Interior: 2,814 sqft
Lot: 0.31 acre(s)
Location
1501 Candlelight Cove
Flower Mound, TX 75028
USA

Jim Striegel Jim Striegel

(972) 899.0634
JStriegel@Realtor.com
http://www.JimStriegel.com

  

Listed by: Jim Striegel Team, Real Estate Connections

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3 ways homesellers scare off buyers!

You would think that people who want to sell their home would steer clear of anything that repels buyers. Yet, sellers unintentionally turn off buyers with all kinds of simple mistakes. Here are some of the biggies.

Mistake #1 – Price your home high to see if you get any bites

Wouldn’t it be great if you asked for $100,000 more than your home is worth and somebody bought it? Sure … so would winning the lottery.

Even if you get an offer at an inflated price, financing problems may pop up. (Lenders don’t like to provide loans for more than what an appraiser thinks a home is worth.)

And if you consider a high asking price a great negotiating tactic, think again. Most buyers will consider you unreasonable and won’t make an offer at all.

Mistake #2 – Neglect the little things

You’re busy. But if you don’t take the the time to keep your home tidy, make minor repairs, and freshen up the landscaping, you will lose some buyers who otherwise might have been interested. Taking care of small details – or not – also can make a difference in how much a buyer offers you.

Mistake #3 – Hover when buyers view your home

Of course buyers want to know the best features of your home and get answers to their questions. But it’s a rare buyer who feels comfortable viewing a property with the current owners looking over their shoulder.

There are many other ways to give off a bad impression of your home. Fortunately, Texas REALTORS® have seen them all and can give you advice to make sure your property attracts buyers.

Source:

Marty Kramer | Consumer columnist

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Single-Family Starts Save the Day

single-family-starts-and-permits

Housing starts rose 0.9% in August pushed by a solid 7% increase in single-family starts and tempered by an 11% fall in multifamily starts. The single-family increase was broad; all four census regions showed increases ranging from 17.5% in the West to 2.3% in the South. Monthly multifamily starts have saw-toothed up and down for several months with four up months and four down months in 2013.

Housing permits demonstrated the same signal with single-family permits up 3% nationally and up or unchanged in every region. August single-family permits at 627,000 are the highest since May 2008. Similar to starts, multifamily permits were down 15.7% to an annual level of 291,000. The three month moving average, a more stable measure of multifamily, has remained above 300,000 since the middle of last year.

The solid single-family report provides additional evidence of the slow but steady improvement in single-family owner-occupied construction that begin in earnest in early 2012. The seasonally-adjusted construction rate increased 36% since January 2012. Even with the steady rise, single-family starts remain at less than half a normal rate of 1.4 to 1.5 million per year. The broad increase across four regions in permits and starts is a solid signal that builders do see continued improvement. NAHB is forecasting a 17% increase in single-family construction in 2013 over 2012 and a more robust 31% increase in 2014.

Source:  Eye On Housing

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Allstate Insurance teamed up with Coldwell Banker Real Estate LLC, My Move, and Moving Insider to create “The Ultimate Moving Guide”

This FREE printable guide includes:
– Change of Address Checklist
– Week by Week Moving Timeline
– Moving Company Contact Sheet
– Home Inventory Checklist
– Printable Moving Labels
– First Night Tips

Enjoy! http://al.st/1f0K33W

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Just listed: 918 Sugarberry Drive, Coppell, TX 75019 for $139,900 via @realbird

Just listed: 918 Sugarberry Drive, Coppell, TX 75019 for $139,900 via @realbird.

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10 mistakes when pricing your home for sale

1.  Picking the wrong asking price for your home can cost you a lot of money. Here are nine don’ts when coming up with your number:

2.  Don’t compare apples to avocados. Your neighbor’s home sold recently, but it has a three-car garage, a pool, brand-new appliances, and a cracked foundation. Your house doesn’t have any of these things, so it probably isn’t worth the same amount.

3.  Don’t go way back in time. Real estate prices can move up or down quickly. Old sales have little bearing on the amount you should ask for your home today.

4.  Don’t look far away. You know that location matters. A recent sale of a property just like yours doesn’t mean much if the home is across town. Sometimes property values can even vary from one block to the next.

5.  Don’t put a price on your memories. No buyer will pay more because the house was in your family for three generations.

6.  Don’t start high to allow room for negotiations. Most home seekers ignore overpriced homes. They don’t want to deal with unreasonable sellers. Plus, buyers wonder what’s wrong with a house that sits unsold. You may eventually have to Kramerr the price below what would have attracted an offer if you had started out with a reasonable number.

7.  Don’t take the tax man’s word on it. Yes, valuations from your county appraisal district are supposed to reflect the real market vale of properties. That doesn’t mean they do.

8.  Don’t think that anyone cares about your needs. You may want to net a certain amount from the sale of your home to buy another property or pay down debt; unfortunately, that doesn’t matter to buyers.

9.  Don’t add in the exact cost of your upgrades. Sure, a remodeled kitchen boosts your home’s value, but how much? It could be more than you paid or less.

10.  Don’t rely on unreliable sources. You can find websites that tell you how much your home is worth. Look closely at what they say about their accuracy, though. Depending on the source and the market, as many as half of those estimates are off by at least 20%.

So how should you arrive at an asking price? I think your best bet is to hire a Texas REALTOR®.  www.JimStriegel.com He or she can show you the data that matter in your market right now and what details of your property affect your asking price. Once you and your REALTOR® sift through all the pertinent information, you can come up with a pricing strategy for a successful sale.

Source:

Marty Kramer | Consumer columnist www.TexasRealEstate.com

Apr. 18, 2013

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