home buying: Real Estate Is All About Doing The Right Thing - A Net Sheet
- 09/18/14 03:27 AM
In Frisco Texas we simply do not have enough homes on the market. This has led to the strongest seller's market in history. New agents, veteran agents, full service brokers, limited service brokers are all looking for more listings in this area. This can lead to behavior that is not focused on doing the right thing for your client. We have to realize that we, as professional real estate agents, have a fiduciary responsibility to our clients. In this case I was working with a mature widow who has a reverse mortgage on her home. It was becoming too expensive for … (7 comments)
home buying: Texas Option Period—Understand Your Rights
- 07/25/14 06:19 AM
Real estate is handled very different in various parts of the country. In Frisco Texas we are bound by the Texas Real Estate Commission (TREC.) Just like in other areas of DFW and the rest of the great state of Texas, when you are buying or selling residential homes, the contract is critical to understand . In the one to four residential contract on page 8 section 23 is the termination option. Termination Rights The termination option grants the buyer, for a price called the option fee, the unrestricted right to terminate the contract within a certain number of days after … (3 comments)
home buying: You Want To Upsize But You Are Upside Down
- 07/21/14 11:48 PM
There are many people, including those in Frisco Texas and the surrounding suburbs, who want to take advantage of the hot market and upsize their home. They bought back in 2007 and 2008 and find themselves either owing more than the house will sell for or after the costs of selling either they have to bring money to the table or walk away with a paltry amount of cash. There is still at least one way to make this work—leasing. There is no need to sell your home. You can lease your home. While this will not always work, there are … (4 comments)
home buying: How Do You Create A Strong Offer?
- 05/08/14 01:34 AM
Price Is Not King No matter where you live, the first thing that comes to everyone's mind when an offer is received is the price. Price is one of the most important items in an offer. There is just no way around that. However, there are many other things that can make your offer stand out and move you up the ladder of preferred offers. Closing and Funding In every transaction the name of the game is to close and fund. If you cannot close and fund, the offer means nothing. If it cannot close and fund with the seller's requirements … (10 comments)
home buying: I Want To Buy A Home, Why Must I See A Lender First
- 05/07/14 06:11 AM
Frisco Texas Real Estate, as well as most anywhere else is an interesting conundrum. When people want to buy a home, most people think you should first talk to a Realtor®, which I think is a good idea. However, most professional agents are going to ask you if you have been pre-approved. We are going to push you to speak to a lender and we will recommend one or more. Get a Recommendation From Your Realtor You may want to use your own or work with a lender recommended by the agent. You may want to consider this recommendation as the … (35 comments)
home buying: Interest Rates: How They Impact a Buyer's Purchasing Power
- 03/20/14 06:40 AM
Yes the interest rates ticked up today, so what? Well it is more than "so what" to buyers. For most people interest rates rising tend to be a good thing. Today rising interest rates often means that the economy is recovering, people on fixed retirement incomes are getting a little more from their savings our retirement funds are increasing. These are all good things. Reduction In Purchasing Power In real estate rising interest rates are not necessarily good things. When interest rates tick up, a buyer's purchasing power ticks down. When interest rates tick up, the number of people who could … (7 comments)
home buying: As A Buyer Or Seller: Are You Ready For Paperless?
- 02/16/14 12:33 AM
Another year goes by and another push for going paperless. I agree we need to be focused on being green. There are too many reasons to count why we should go as green as possible. However, when I speak to my prospects, customers and clients, they are all very different. Some live locally here in Frisco or DFW and others are from outside the area and possibly outside the Texas.When working with all these different people, my job is to make it easy for them to buy or sell. To me, that means I am going to sell and service them … (33 comments)
home buying: Business Development Tentacles - Not Calamari
- 01/10/14 01:00 AM
I have been in sales for...well let's just say a long time. It never ceases to amaze me where business can come from in today's world. With people getting bombarded by information at all hours of the day through so any different mediums, it is a wonder anyone of our messages gets through to our potential clients. That is why it is so important to have as many business development tentacles in the water to help you grow your business. What is a Business Development Tentacle? In order to get a better understanding of this I want you to think of a … (17 comments)
home buying: Are You Working With Another Agent?
- 12/15/13 09:13 AM
Whether you are an agent asking it while working on phones or at an open house or you are a buyer calling in or showing up, that 6 worded question has some interesting answers. It is up to the agent to listen and adjust appropriately. Sometimes the answer may change over a simple conversation. I just worked another open house in beautiful Frisco Texas. Pearson Farms, was the subdivision where this house was located. The house was immaculate and showed wonderfully,. I am sure it will be in contract before the end of the week, although it probably will not be … (3 comments)
Buying or selling a home should be a fun and exciting experience. While for most of us this involves the largest investment of our lives, reducing the stress and knowing what comes next can ensure you have a great experience and make this transaction a success. Your success is my focus.
In Frisco Texas we simply do not have enough homes on the market. This has led to the strongest seller's market in history. New agents, veteran agents, full service brokers, limited service brokers are all looking for more listings in this area. This can lead to behavior that is not focused on doing the right thing for your client.
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