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Educational Information About Buying A Home In DFW

By
Real Estate Agent with DFW FINE PROPERTIES 0506509

Moving is Not a Recreational Sport
Moving is Serious Business

---Patricia Feager®

 

Whether you are already living in Texas, new to the area, never lived in Texas, or just want to know about buying and selling residential property in Dallas-Fort Worth (DFW) or a specific location, such as Flower Mound, TX, here is some educational information I put together for you.

Residential Home Prices vary depending on a market's affordability and other factors:

  • Condition of Property
  • Priced Right
  • Buyer's needs and offer price
  • Terms of the contract
  • Seller’s Net
  • Seller’s acceptance, counters, and/or renegotiations
  • Home Inspections and Appraisal Reports
  • Lender’s terms and conditions for Financing
  • Cash Offer
  • School District
  • Location (Shopping, Amenities, Transportation, Restaurants, etc.)
  • Terms of Buyer’s Offer and Sellers willingness to agree and/or negotiate
  • Timing

Buyers and Sellers move for many personal reasons:

  • Relocation
  • Location
  • Jobs
  • Property Taxes
  • Federal & State Taxes (there are no State Taxes in Texas)
  • Declining neighborhoods and/or schools (blight)
  • Change in income
  • Life changes (death, divorce, children, sickness, disabilities, hazards, etc.)
  • Community changes to water, electricity, gas, trash, etc.
  • Property Insurability
  • Community Services (Fire, Rescue, Police Protection, etc.)
  • Community Activities for adults, children, seniors, guests
  • Hospitals, Medical Facilities, access for immediate needs
  • Infrastructure
  • Parking
  • Lack of transportation
  • Crime
  • Safety
  • Personal situations with pets
  • Inability to climb stairs or pay for interior or exterior maintenance
  • Peace of mind
  • Needing to be closer to loved ones or friends
  • Personal preference (urban, rural, one or two story, residential, townhouse, condo, etc.)

From these two lists, there are many reasons for declining numbers on statistical reports for existing home sales or an urgency to find existing home inventory in different parts of the country. Many people are fleeing their home states, despite loving where they live because of declining conditions that no longer meet their needs or feels like home anymore. Looking at statistics, charts, and data about declining number of existing homes in comparison to previous months, years, or days on the market are very subjective. It is only one part of the story. Moving is a personal choice. Some people are forced to move. Others want to move. And there are people who have no choice because of physical, mental, or financial reasons. Many people agree, safety and necessity are major factors why moving is a higher priority.

Please Understand Me

Stats are just numbers. People are real people who are living and breathing with human needs, wants, with necessary or personal reasons for moving. In my opinion, shop locally! Find someone who knows the area and can provide reputable resources with experience. For example, I was relocated to Dallas-Fort Worth (DFW) 26 years ago. I had to sell my out-of-state house first before I could buy. My first year in TX was in an apartment and I knew quickly renting and paying for storage was foolish. It was not for me. I have spent 25 years owning a home in Flower Mound, with 20 solid years of successful real estate transactions with many repeat buyers and sellers and referrals. Choosing a real estate professional who is a member of National Association of Realtors (NAR), a professional association is where buyers should begin. Professionals who may hold the title of realtor includes agents who work as residential and commercial real estate brokers, salespeople, and property managers. Look for the REALTOR® designation. Experienced REALTORS®, such as myself can provide necessary resources, such as Mortgage Lender, (should be able to know the difference between a Mortgage Lender and a bank loan). Moving to Texas buyers needs reputable representation, a home inspector,  know who their Escrow Officer will be, school districts, property taxes, utilities, where they get their water and sewers from, and a lot more information other than how much money they can afford to buy. If you are thinking about moving to Flower Mound or anywhere else in the Dallas Fort Worth area, I would love to help. For further information, please contact me.   

 

Disclaimer

*All information is believed to be accurate but is not guaranteed or warranted in any way. Written information, commentary, photos, originality, etc., are the property of this author and may not be reprinted without permission by the author. Nothing in this blog post article is to be construed as legal advice. For legal advice, contact an attorney. 

Posted by

Texas Law requires all license holders to provide the Information about Brokerage Services form to prospective clients.

https://www.trec.texas.gov/sites/default/files/pdf-forms/CN%201-4-1.pdf

dfw fine properties

PATRICIA FEAGER, REALTOR®
DFW FINE PROPERTIES
3575 LONE STAR CIRCLE SUITE 315
FORT WORTH, TEXAS 76177

Email Me
                                  

                                     

MBA (University of Dallas)
BA
(Bachelors of Arts & Science)
Paralegal (Southeastern Career Institute)
Associates (3) (College of Lake County)
KU (University of Kansas)

CERTIFICATIONS

CRS (Certified Residential Specialist)
SRES (Certified Senior Residential Specialist)
PSA (Certified Pricing Strategies; Mastering the CMA)
CRS (Certified Military Relocation Specialist)
RENE (Real Estte Negotitions Expert)

"With self-discipline most anything is possible." --- Theodore Roosevelt 

 

 

 

  

Comments (13)

Will Hamm
Hamm Homes - Aurora, CO
"Where There's a Will, There's a Way!"

Good Morning Patricia and great information in your blog to share with us on this Wednesday.  Make it a great day!

Feb 22, 2023 08:50 AM
Ed Silva, 203-206-0754
Mapleridge Realty, CT 203-206-0754 - Waterbury, CT
Central CT Real Estate Broker Serving all equally

Finding the right house in the right area for the right reasons is always the quest. The older the couple the more the need to live in a space that requires little up and down and yet still allows them to feel comfortable.

 

Feb 22, 2023 09:21 AM
Nina Hollander, Broker
Coldwell Banker Realty - Charlotte, NC
Your Greater Charlotte Realtor

Hi Patricia... great spin on the subject of buying a home. The only thing I don't personally ever talk about is being a Realtor. I consider being a member of the NAR as  form of forced unionization. We agents were not Realtors in New York City and we still sold tons of real estate very professionally and ethically. When I talk about my background as a professional I focus in on my 30+ years of experience, 48 years of negotiating experience, the fact that 85% of my business is repeat and referral. 

Feb 22, 2023 09:42 AM
Brian England
Ambrose Realty Management LLC - Gilbert, AZ
MBA, GRI, REALTOR® Real Estate in East Valley AZ

You always have the best information and care so much about your client's needs!  I feel bad for anyone that isn't using your services.

Feb 22, 2023 09:42 AM
Patricia Feager, MBA, CRS, GRI,MRP
DFW FINE PROPERTIES - Flower Mound, TX
Selling Homes Changing Lives

Will Hamm - thanks for the comment! Make it a great day in Aurora, Colorado!

Feb 22, 2023 10:08 AM
Patricia Feager, MBA, CRS, GRI,MRP
DFW FINE PROPERTIES - Flower Mound, TX
Selling Homes Changing Lives

Ed Silva - I am also a Senior Residential Specialist and agree. We must be mindful of seniors and what their specific needs are with regards to what makes them most comfortable. 

Have a wonderful day!

Feb 22, 2023 10:10 AM
Patricia Feager, MBA, CRS, GRI,MRP
DFW FINE PROPERTIES - Flower Mound, TX
Selling Homes Changing Lives

Nina Hollander, Broker - Although I have bought and sold homes in other states before moving to Texas, I am only licensed to do business in my home State. Every state has different requirements for getting and keeping a Real Estate Agent License. As for "forced unionization" goes, I don't think like that or discuss politics on Social Media, with my clients, or consumers. 

I cherish my Texas Real Estate license and follow the rules to stay licensed. Serving the public is what I love to do. Selling homes is my passion. 

Feb 22, 2023 10:14 AM
Patricia Feager, MBA, CRS, GRI,MRP
DFW FINE PROPERTIES - Flower Mound, TX
Selling Homes Changing Lives

Brian England - Your comment was so kind and thoughtfully written.

Thank you!

Have a great and prosperous day!

Feb 22, 2023 11:09 AM
Michael Jacobs
Pasadena, CA
Pasadena And Southern California 818.516.4393

Hello Patricia - a real estate transaction is definitely a process that seems like a very long school project at times.  

There's a beginning, some struggles and hopefully a final reward where pride for a job well done can be seen.    It may not be as easy as some reality realty television programs may attempt to make them but it can be quite worthwhile.  

Feb 22, 2023 01:44 PM
George Souto
George Souto NMLS #65149 FHA, CHFA, VA Mortgages - Middletown, CT
Your Connecticut Mortgage Expert

Patricia you always initiate a lot of thought, and those are two very good lists.

Feb 22, 2023 03:11 PM
Patricia Feager, MBA, CRS, GRI,MRP
DFW FINE PROPERTIES - Flower Mound, TX
Selling Homes Changing Lives

Michael Jacobs - After reading your comment I felt appreciated. For the many years you served your clients in this business in California, you truly understand the complexities and processes that are long and often tedious. Showing empathy and understanding is something you do so well.

Thank  you.  

Feb 22, 2023 06:07 PM
Patricia Feager, MBA, CRS, GRI,MRP
DFW FINE PROPERTIES - Flower Mound, TX
Selling Homes Changing Lives

George Souto - After reading Michael Jacobs and your comment, I felt doubly honored and respected. Thank you for acknowledging and recognizing my consistency when it comes to "always initiate a lot of thought." You'll never know how much these two comments meant to me.

Thank  you. 

Feb 22, 2023 06:11 PM
Endre Barath, Jr.
Berkshire Hathaway HomeServices California Properties - Beverly Hills, CA
Realtor - Los Angeles Home Sales 310.486.1002

Patricia I am with Nina Hollander, Broker  what I think of NAR now with that said I still proudly display it since the ethics and morals aline with my belief system.

Feb 24, 2023 08:15 PM