Thinking of Selling Your Home? Take this Staging Tips!

Lately, it can be difficult to sell a house on the market. Sellers may need to reduce the price of the home to attract potential buyers. But there is a way to help sell your home quickly without compromising and changing its price.  For Sale by Owner Dallas advises to affordably stage your home. 1. Bedrooms Remove unnecessary furniture, empty the closets, and make sure the bedroom has an atmosphere of relaxation. 2. Bathroom Clean the bathroom, remove empty bottles, place fresh scented sachets, get rid of the grime and hang a white towel. 3. Kitchen The kitchen should be well designed, bright and modern. Make sure you clean the fridge, oven and all other appliances. 4. Living and Dining Rooms The dining room should be have a table with flowers and light. It should look fresh. The living room should be both relaxing and entertaining with a lots of space. Staging a home is very important when selling.  It can drive potential buyers and add value. It can also help sell your home quickl
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Two Graphs that Scream – List Your Home Today!

We all learned in school that when selling anything, you will get the most money if the demand for that item is high and the inventory of that item is low. It is the well-known Theory of Supply & Demand. If you are thinking of selling your home, here are two graphs that strongly suggest that the time is now. Here is why… DEMAND According to research at the National Association of Realtors (NAR), buyer activity last month (January) was three times greater than it was last January. Purchasers who are ready, willing and able to buy are in the market at great numbers. SUPPLY The most recent Existing Home Sales Report from NAR revealed that the months’ supply of housing inventory had fallen to 4.4 months which is the lowest it has been in over a year. Bottom Line Listing your house for sale when demand is high and supply is low will guarantee the offers made will truly reflect the true value of your property.
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Homeownership Rates: Are They Really Crashing?

The Census recently released their 2014 Homeownership Statistics, and many began to worry that Americans have taken a step back from the notion of homeownership. Easy… Chicken Little The national homeownership rate peaked in 2004, representing a 69.2% of Americans who bought vs. rented their primary residence. Many have noticed a decline in rate since then and taken that as a bad sign. However, if you look at the national rate over the last 30 years (1984-2014), you can see that the current homeownership rate has returned closer to the historic norm. 2014 ended the year with a rate of 64% just under the rate in 1985 and 1995. Bottom Line With interest rates and prices still below where experts predict, evaluate your ability to purchase a home with a local real estate professional. Related posts: Either Way, You’re Paying a Mortgage Did It Make Sense to Wait? Important Tips for First Time Home Buyer in Irving
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The Truth About US Homeownership Rates

Category: Product #: Regular price:$ (Sale ends !) Available from: Condition: Good ! Order now! Reviewed by on. Rating: Related posts: 5 Reasons to Love Using a Real Estate Professional Category: Product #: Regular price:$ (Sale ends !) Available from: Condition: Good ! Order now! […]... Which Makes More Sense? Buying Or Renting? It is common for young people to rent instead of buying a home, since Homes […]... Homeowners’ Tough Decision: OTM, FSBO or List At the end of the year, in every region of the country, hundreds of homeowners […]...
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2015: A Year of Housing Opportunity

Many believed that when the housing market crashed, so too would the desire of American’s to own a home again. Many reports have shown that, especially among younger generations, the American Dream of homeownership is still very much alive. Julián Castro, Secretary for HUD, recently summed up what it means to own a home in a speech at the National Press Club. Homeownership is still the cornerstone of the American Dream — a fact you can see in the lives of everyday folks. It’s a source of pride. It’s a source of wealth, providing both a nest and a nest egg. And it strengthens communities and fuels growth in the overall economy. Castro appropriately named his speech, “2015: A Year of Housing Opportunity”, a theme that rang true throughout. “Opportunity is not an abstract concept it s a path to a more prosperous life, and housing often serves as its foundation. T.S. Elliot once said that home is where one starts from. “A home is often a primary source of wealth in a fami
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Either Way, You’re Paying a Mortgage

There are some people that have not purchased a home because they are uncomfortable taking on the obligation of a mortgage. Everyone should realize that, unless you are living with your parents rent free, you are paying a mortgage either your mortgage or your landlord’s. As a paper from the Joint Center for Housing Studies at Harvard University explains: “Households must consume housing whether they own or rent. Not even accounting for more favorable tax treatment of owning, homeowners pay debt service to pay down their own principal while households that rent pay down the principal of a landlord plus a rate of return. That’s yet another reason owning often does—as Americans intuit—end up making more financial sense than renting.” Also, if you purchase with a 30-year fixed rate mortgage, your ‘housing expense’ is locked in over the thirty years for the most part. If you rent, the one guarantee you will have is that your rent will increase over that same thirty yea
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Are You Ready to Buy A Home in Dallas?

Are you currently renting in Texas? How long have you been renting? Have you ever considered buying a home? Most renters are contemplating buying a home, but there is something preventing people from buying a home. However, according to surveys, most Americans think that owning a home is better than renting . If you are hesitant to buy or to rent, review these questions/guides below and ask yourself if you’re ready: Understand the overall cost of homeownership Can you afford a home? Buying a home includes mortgage payments, property taxes, insurance and home loans. It is important to also consider the maintenance costs. Credit Health Prepare your credit score Your credit score is very important to get the best mortgage at the lowest rate.  A higher credit score will help you get lower interest rates on your mortgage. What is the condition of the housing market? Have you tried browsing online for homes?  Are you familiar with home prices in the market?  Study the market and know
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5 Reasons to Love Using a Real Estate Professional

Category: Product #: Regular price:$ (Sale ends !) Available from: Condition: Good ! Order now! Reviewed by on. Rating: Related posts: The Process for Obtaining A Mortgage is Now Easier in Arlington It is a new year and there have been new changes made in the mortgage […]... Which Makes More Sense? Buying Or Renting? It is common for young people to rent instead of buying a home, since Homes […]... 5 Secrets To Selling Your Home Fast in Arlington Tx Homes for Sale in Arlington TX has selling secrets revealed today. Are you thinking of […]...
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Consumer Confidence at Highest Level in Over a Decade

Two recently released reports reveal that the American public is starting to feel much better about the U.S. economy. The University of Michigan’s Surveys of Consumers showed that: “Consumer optimism reached the highest level in the past decade in the January 2015 survey…Consumers judged prospects for the national economy as the best in a decade, with half of all consumers expecting the economic expansion will continue for another five years. The anticipated strength in the overall economy has been accompanied by more favorable income and employment expectations.” Here is a chart showing results over the last decade: As all consumers are feeling more optimistic, more young adults are moving out of their parents’ basements and into a residence of their own. The recent Census report shows that new household formations skyrocketed in 2014. Below is a chart showing the historical significance of the numbers: Bottom Line The economy is definitely improving and, more importantly,
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Net Worth: A Homeowner’s is 36x Greater Than A Renter!

Over the last six years, homeownership has lost some of its allure as a financial investment. As homeowners suffered through the housing bust, more and more began to question whether owning a home was truly a good way to build wealth. Every three years the Federal Reserve conducts a Survey of Consumer Finances in which they collect data across all economic and social groups. Some of the findings revealed in their report: The average American family has a net worth of $81,200 Of that net worth, 61.4% ($49,856) of it is in home equity A homeowner’s net worth is over 36 times greater than that of a renter The average homeowner has a net worth of $194,500 while the average net worth of a renter is $5,400 Bottom Line There are many reasons why owning a home makes sense, the Fed study shows that owning is still a great way for families to build wealth in America. Related posts: Important Tips for First Time Home Buyer in Irving Realtor VS. Agent VS. Broker- How do they differ? The REAL
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Foreclosure Inventory Down 34.3% from Last Year

According to the latest CoreLogic National Foreclosure Report, “approximately 552,000 homes in the US were in some state of foreclosure as of December 2014”. This figure is down 34.3% from the 840,000 homes in December of 2013. December marked the 38th consecutive month in which there were year-over-year declines. Anand Nallathambl, the President and CEO of CoreLogic, is hopeful for the future, saying: “At current foreclosure rates, we expect to see the foreclosure inventory in the U.S. drop below 500,000 homes sometime in the first quarter of 2015 which would be another milestone in the healing of the housing market.” The map below shows the percentage of foreclosure inventory in each of the 50 states and Washington, D.C. Thirty-six states have inventory below the national rate of 1.4% and can be seen in two shades of green. Bottom Line Even though some states have not recovered completely from the foreclosure crisis, the nation as a whole is on the right track as inven
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3 Questions to Ask Before Buying a Home

If you are thinking about purchasing a home right now, you are surely getting a lot of advice. Though your friends and family have your best interests at heart, they may not be fully aware of your needs and what is currently happening in real estate. Let’s look at whether or not now is actually a good time for you to buy a home. There are three questions you should ask before purchasing in today’s market: 1. Why am I buying a home in the first place? This truly is the most important question to answer. Forget the finances for a minute. Why did you even begin to consider purchasing a home? For most, the reason has nothing to do with finances. A study by the Joint Center for Housing Studies at Harvard University reveals that the four major reasons people buy a home have nothing to do with money: A good place to raise children and for them to get a good education A place where you and your family feel safe More space for you and your family Control of the space What non-financial b
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New Fannie Mae Appraisal Program: Helping or Hurting?

Every home must be sold TWICE! Once to the buyer, and once to the bank appraiser if a mortgage is involved. The second sale may have just become more difficult. A new program announced by Fannie Mae may slow down the home-sale closing process by causing more disputes over prices between sellers and buyers. In a recent Washington Post article they explained the basics of the program: “Starting Jan. 26, Fannie plans to offer mortgage lenders access to proprietary home valuation databases that they can use to assess the accuracy and risks posed by the reports submitted by appraisers.”  “The Fannie data will flag possible errors in the appraiser’s work before the lender commits to fund the loan, will score the appraisal for overall risk of inaccuracy and may provide as many as 20 alternative “comps” — properties in the area that have sold recently and are roughly comparable to the house the lender is considering for financing but were not used by the appraiser.” Using the
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Did It Make Sense to Wait?

There are many people out there who debated purchasing a home over the course of the last year, but ultimately did not. Whatever their reasons were for delaying, let’s look at whether the decision to wait to buy made sense. What happened in 2014? The 30 year fixed rate on January 2, 2014 was 4.53% as reported by Freddie Mac. Looking at the chart below, your monthly mortgage payment with principal and interest for a $250,000 home would have been $1,271.17. Even though interest rates have dropped below 4% and ended 2014 at 3.87%, home prices appreciated by 4.8 percent over the same time according to the Home Price Expectation Survey. So that same home appreciated by $12,000 and now costs $262,000. The most recent report by Freddie Mac reports the average 30-year fixed rate is currently 3.73%. Many may say, “See waiting a year made total sense, I’m saving $60 a month.” And they’d be right, over the course of the year they saved $729.36. But what they haven’t realized, is tha
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Talking Real Estate in Arlington Tx

Category: Product #: Regular price:$ (Sale ends !) Available from: Condition: Good ! Order now! Reviewed by on. Rating: Related posts: The Process for Obtaining A Mortgage is Now Easier in Arlington It is a new year and there have been new changes made in the mortgage […]... Which Makes More Sense? Buying Or Renting? It is common for young people to rent instead of buying a home, since Homes […]... 5 Secrets To Selling Your Home Fast in Arlington Tx Homes for Sale in Arlington TX has selling secrets revealed today. Are you thinking of […]...
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