5 Reasons Why to Sell This Summer!

htallos    June 1, 2018    Comments Off on 5 Reasons Why to Sell This Summer!

5 Reasons Why to Sell This Summer! | Simplifying The Market

Here are five reasons listing your home for sale this summer makes sense.

1. Demand Is Strong

The latest Buyer Traffic Report from the National Association of Realtors (NAR) shows that buyer demand remains very strong throughout the vast majority of the country. These buyers are ready, willing and able to purchase…and are in the market right now! More often than not, multiple buyers are competing with each other to buy the same home.

Take advantage of the buyer activity currently in the market.

2. There Is Less Competition Now

Housing inventory has declined year-over-year for the last 35 months and is still under the 6-month supply needed for a normal housing market. This means that, in the majority of the country, there are not enough homes for sale to satisfy the number of buyers in the market. This is good news for homeowners who have gained equity as their home values have increased. However, additional inventory could be coming to the market soon.

Historically, the average number of years a homeowner stayed in his or her home was six, but that number has hovered between nine and ten years since 2011. 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. As home values continue to appreciate, more and more homeowners will be given the freedom to move.

The choices buyers have will continue to increase. Don’t wait until this other inventory comes to market before you decide to sell.

3. The Process Will Be Quicker

Today’s competitive environment has forced buyers to do all they can to stand out from the crowd, including getting pre-approved for their mortgage financing. This makes the entire selling process much faster and much simpler as buyers know exactly what they can afford before home shopping. According to Ellie Mae’s latest Origination Insights Report, the average time it took to close a loan was 41 days.

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

If your next move will be into a premium or luxury home, now is the time to move up! The inventory of homes for sale at these higher price ranges has forced these markets into a buyer’s market. This means that if you are planning on selling a starter or trade-up home, your home will sell quickly, AND you’ll be able to find a premium home to call your own!

Prices are projected to appreciate by 5.2% over the next year, 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.

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 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.

 

For Sale: 4 Tips for Getting Your Home off the Market Quickly

htallos    May 24, 2018    Comments Off on For Sale: 4 Tips for Getting Your Home off the Market Quickly

Do you have a home to sell? Are you ready to get the selling process over with quickly? There is no better time than now!

Most Important thing….. Contact Heidi at 214-998-1595 (call or text)

Here are four top tips for getting your house ready to list for a ton of interest and potential bids:

Give Your Yard Attention
Cleaning up your yard and making it look welcoming will do two things for sellers: First, a beautiful yard that is free of cracks and weeds will attract more potential buyers; second, curb appeal can add as much as 5 percent value to your home.

Paint Inside and Out
Buyers want to see a fresh, clean space when they visit your home. By painting inside and out, you have the chance to apply a neutral tone throughout the home. New wall coverings mean no fingerprints or smudges—and with new paint, there are no nail holes to hide.

Price Your Home Intelligently
The right sales price for your home is often the best way to sell your home quickly. If priced too high, you may scare buyers away before they even come to an open house, but, if priced too low, you may lose out on money.

Depersonalize the Space
Buyers want to look at a home as if they are moving in. When you leave pet toys or your children’s clothes laying around, people see “you” in the home. By removing everything that’s personal, you can make way to stage the home.

Happy Spring and Happy Easter

htallos    March 29, 2018    Comments Off on Happy Spring and Happy Easter

Wishing you a Happy Easter with your loved ones!

As you enjoy the freshness of the spring season, you may find yourself dreaming of a change. I’d love to help make your dream a reality! Sometimes change is daunting – but I can help you make a plan, implement it and spring forward with ease. Happy Spring!

 

If you have any questions about the current market or wanting more information about how you can buy and sell a home, don’t hesitate to call, text or email me.

 

I will be around this weekend so if you would like to see a home or get a free market analysis of your home, just let me know.

 

Have a great weekend

 

HeidiTallos MRP, CSP
REALTOR
Coldwell Banker Residential Brokerage
Heidi Moves, LLC
Cell: 214-998-1595 (call or text)
Heidi@HeidiMoves.com

Heidi Tallos Referral Program

htallos    February 23, 2018    Comments Off on Heidi Tallos Referral Program

 

Referrals are an important part of my business. For every referral you give me and I close with in the State of Texas, I will give you at least $100 in a Visa Gift Card after closing!

A referral could be a buyer or seller in the DFW area. Depending on your referrals final home price you maybe eligible for more money.  Who couldn’t use more money!

Message me with your referrals information or have them contact me at 214-998-1595!

Coldwell Banker – Plano, TX Office – 2018 Leaders

htallos    February 8, 2018    Comments Off on Coldwell Banker – Plano, TX Office – 2018 Leaders

Heidi Tallos is proud and honored to be one of the Coldwell Banker Residential Brokerage – Plano TX Office – September 2017 Top Producers 2018 Leaders!

2017 was a great year and 2018 is starting off good. I am always here to talk to current and future clients about their real estate needs.  Give me a call or text at 214-998-1595, and I would be happy to learn more about your needs.

The Three Most Important Responsibilities Buyers Have

htallos    February 5, 2018    Comments Off on The Three Most Important Responsibilities Buyers Have

The American dream of owning a home is something everyone should have if they want it which buyers have three important responsibilities. You should be able to live where you want and enjoy the features of your environment that help you relax, entertain, play, and do more of the things you enjoy without the restrictions imposed by a landlord.

You can own a pet, build a treehouse, paint the walls your favorite color, and play music and videos as loud as you like without disturbing your neighbors. That’s the essence of the dream — independence.

For most first-time buyers, it’s better to accept that for dreams to come true, you have to do the groundwork. Yes, you will be far more independent than you would as a renter, but you will still have some very real responsibilities to make homeownership work. Here are the top three responsibilities you’ll have as a homeowner.

Financial responsibilities

You owe your lender timely payments. Paying on time helps you build your credit. With great credit, you can take on more projects such as remodeling, or you’ll be able to buy furniture, cars or other things you want with lower interest on your payments.

Your debts should never be more than 40 percent of your income. If you get overextended, you’ll have problems meeting the minimum payments. Instead, limit the amount of credit you actively use and pay off balances every month. Don’t add new charges until you’ve paid off your balances.

You should also be in a position to save money, which you can do several ways. You can put money in your 401K, you can pay extra on your principal every month, or you can buy bonds or invest in the stock market, according to your tolerance for risk. You can put money in a safety deposit box or under the mattress as long as you are saving rather than overspending.

Common wisdom is to build six months of cash so you can continue to make your house payments if you lose your job or become ill. You need savings for emergencies, large expenses such as student debt, and retirement.

Neighborhood responsibilities

When you buy a home, your household becomes part of the neighborhood. You can influence whether or not the neighborhood prospers or declines simply by the way you treat your neighbors and your home. It’s up to you to uphold or to set a higher standard for the neighborhood by keeping your lawn and trees trimmed, your home freshly painted, and toys and trash picked up from the entry.

This is the way you can protect your investment and those of your neighbors. It’s one of the reasons many neighborhoods have homeowners associations — to protect values by standardizing safety and maintenance for the community.

To get the benefits the HOA provides such as higher and consistent home values, you have to pay your dues and obey the covenants. You can volunteer to help or you’ll have to abide by the decisions others make. Before you buy a home in a HOA-managed community, read the covenants so you’ll know what you’re getting into. If not being able to use certain exterior paint colors bothers you, then don’t buy the home. Find something else.

Household responsibilities

You owe yourself and the other members of your household the best life you can possibly provide. Buying a new home is a great time to step up your lifestyle and enjoy what your new home and the community has to offer.

Your home should help you be who you want to be. That’s the purpose of shaping your environment. You have control over whether you entertain like Martha Stewart, paint in your studio like the next Picasso, or grow a lawn as sleek as the Augusta fairways.

Choose a home that meets as many needs as you can within your means. Separate bedrooms for the kids may be doable, but you may have to compromise on a Jack and Jill shared bath. This is an excellent opportunity to teach your older children about prioritizing, delayed gratification, give and take and winning and losing gracefully.

Make sure the area you select offers amenities that your building doesn’t have. If you don’t have a yard for the kids and the dog, make sure there’s a park and playground nearby.

Think about how far and how long it will take you to get to shopping, work, and other friends and family. Think about how a long commute will affect your family. Would you rather be sitting in traffic or attending your son’s ball game?

You and your spouse may want the prestige of living in a certain area, but if your house-payment is too high, you’ll introduce problems into the relationship you don’t need. It’s about making choices that make sense. Better to buy a smaller home in a great neighborhood and keep the arguing down.

Buy the best home you can that’s within your means and it will see you through years of comfort.

Written by Blanche Evans

9402 Snowberry Drive Frisco, TX – Open House on January 20th and 21st from 2pm – 4pm

htallos    January 17, 2018    Comments Off on 9402 Snowberry Drive Frisco, TX – Open House on January 20th and 21st from 2pm – 4pm

Looking for a home in Frisco then come to my open house this Saturday and Sunday (January 20th and 21st) from 2pm – 4pm at
9402 Snowberry Drive Frisco, TX.

OPEN HOUSE ANNOUNCEMENT 

Location: 9402 Snowberry Drive Frisco, TX 75035
When: January 20th from 2pm – 4pm and January 21st from 2pm – 4pm
Home Information: 4 bedrooms | 3 baths | 2635 Sq Ft | $350,000

Immaculately maintained DR Horton home offers 2,660 square feet of beautiful interiors in move-in condition. Open two story floor plan, with 3 full baths, spacious living area, large kitchen-breakfast area, and 4th Bedroom which doubles as an office. Large master bathroom with garden tub, stand up shower, dual vanities, and large walk-in closet. Beautiful hard wood floors throughout downstairs and upstairs, granite counter tops in the kitchen and new light fixtures give this home an updated look. Upstairs has a large functional media or game room, 2 bedrooms, full bath and a walk in attic for extra storage. Two car garage with extra parking pad. New fence & roof.

I look forward to seeing you this weekend, contact me if you have any questions about this beautiful home or any home!

The Top Three Reasons Buyers Choose The Homes They Buy

htallos    January 8, 2018    Comments Off on The Top Three Reasons Buyers Choose The Homes They Buy

You may think buyers will love your home because of your extraordinary taste in home furnishings or the incredible job you did with your home addition. Nope, it’s not the décor or the vast add-on that gets them to commit, although they may help. There are three top reasons a buyer chooses to buy a home — price, condition, and location.

Let’s start with Price. To choose the right asking price for your home, you need to know if your neighborhood is in a buyer’s market or seller’s market. A buyer’s market is characterized by large inventories of six months’ supply or higher, few buyers making offers, low offers, and many other concessions asked of sellers.

A seller’s market is characterized by low supply of six months on hand or less, heavy buyer traffic, multiple offers, and close to full price or full price offers.

Bankers, buyers’ agents and buyers all have access to the same market information that your agent has given you. If you overprice for the current market, your potential buyers won’t get to see your home, and even if they do, they won’t get their loans approved.

Condition

Allow your real estate agent to help you market your home by putting it in the best condition possible. Buyer’s pet peeves may be easy items to fix, but you don’t want your house to go to the bottom of their list because you failed to paint, mow, replace the carpet, etc. Sometimes you have to invest a little money to make money.

Remember, today’s buyers are more skeptical about buying a home, so creaky steps, dripping faucets, and outdated wallpaper just give buyers a reason to skip your home.

Location

You can’t do much about your home’s location, but you can make your home more attractive with lovely landscaping, fences to block out ugly views and sounds, a lower price and immaculate condition.

If you do have a great location, don’t overprice. People expect to pay more for a great location next to schools, transportation, shopping and restaurants, but if you overprice, they will scrutinize the price and the condition.

It’s hard not to be sentimental about the home you’ve lived in for years, but to buyers, your home is a commodity. Like you, they simply want to make a good deal on a home they love.

You’ll quickly find out what real estate agents and their buyers think of your home. If you get a quick offer, you know you priced it right for the location, condition, and the current market.

If you don’t get an offer within a couple of weeks, or whatever period is normal for your area, there’s something wrong. Look at your price and condition and see if you can make your home a little more desirable. 

Written by Blanche Evans

The Importance of Seller Disclosures

htallos    January 8, 2018    Comments Off on The Importance of Seller Disclosures

State and federal laws are strict in requiring sellers to tell what they know about the condition of their homes that isn’t obvious or discernable to potential buyers. Buyers can’t see behind walls or under houses, so they rely on truthful information from the seller about the operations, appliances and systems of the home.

When you sell your home, your real estate agent will present you with a federal and/or state-mandated disclosure form called a Real Estate Disclosure Statement, Property Condition Disclosure, or Condition Report. You’re required to disclose the presence of lead paint, radon, asbestos and other toxic products if you know your home has them.

While the forms may ask you to disclose whether or not you know there is lead paint or radon present, you aren’t required to do tests to determine the presence of toxic chemicals. But your buyer’s lender can always require proof of tests and/or remediation for any problem that has been disclosed, such as fire and water damage.

It’s important to answer every question as truthfully as you can. You must answer the questions yourself – your real estate professional can not fill out the disclosure for you, but he or she can help you understand what’s being asked of you. If you’re in doubt about what to disclose, such as a repair, it’s best to err on the side of too much information than not enough.

While disclosure forms allow you to check the “I don’t know” box, you should only do so if you truly don’t know the condition of that item. If you answer that you don’t know the condition of an appliance you use daily, such as a sink or bathtub, you might raise suspicions in the buyer.

The best way to feel confident about the condition of your home is to have it inspected by a licensed professional home inspector. Your real estate professional can recommend someone or provide you with a list. For a few hundred dollars and a few hours of your time, you’ll either find that your home is market-ready, or the inspector will bring a problem to your attention that you can fix.

When you disclose a problem to the buyer that has previously been fixed, be sure to provide a copy of work orders, receipts and invoices. If the problem hasn’t been fixed, expect the buyer to either ask you to fix it, or to offer a little less for the home.

Remember, the more that’s left unrepaired, the more the buyer will discount the offer, if he makes one at all. Homes in the best condition sell the best.

The seller’s disclosure is designed to do one thing — hold you and your real estate agent harmless if you’ve disclosed the truth about your property. You don’t want to give the buyer any room for complaint or litigation after the closing.

To get an idea of the types of questions you’ll be asked in a disclosure, you can find legal forms at FindLegalForms.com.

Don’t be afraid of the seller’s disclosure. It’s not meant to be a deal-killer, but a deal-maker. Many agents provide a copy of the disclosure to interested buyers, so they can get an idea of the home’s condition before they make an offer or have an inspection.

Written by Blanche Evans

Top 5 Reasons You Shouldn’t FSBO

htallos    January 2, 2018    Comments Off on Top 5 Reasons You Shouldn’t FSBO

In today’s market, with home prices rising and a lack of inventory, some homeowners may consider trying to sell their home on their own, known in the industry as a For Sale by Owner (FSBO). There are several reasons why this might not be a good idea for the vast majority of sellers.

Here are the top five reasons:

1. Exposure to Prospective Buyers
Recent studies have shown that 95% of buyers search online for a home. That is in comparison to only 17% looking at print newspaper ads. Most real estate agents have an internet strategy to promote the sale of your home. Do you?

2. Results Come from the Internet
Where did buyers find the home they actually purchased?

  • 49% on the internet
  • 31% from a Real Estate Agent
  • 7% from a yard sign
  • 1% from newspapers

The days of selling your house by just putting up a sign and putting it in the paper are long gone. Having a strong internet strategy is crucial.

3. There Are Too Many People to Negotiate With
Here is a list of some of the people with whom you must be prepared to negotiate if you decide to For Sale By Owner:

  • The buyer who wants the best deal possible
  • The buyer’s agent who solely represents the best interest of the buyer
  • The buyer’s attorney (in some parts of the country)
  • The home inspection companies, which work for the buyer and will almost always find some problems with the house
  • The appraiser if there is a question of value

4. FSBOing Has Become More And More Difficult
The paperwork involved in selling and buying a home has increased dramatically as industry disclosures and regulations have become mandatory. This is one of the reasons that the percentage of people FSBOing has dropped from 19% to 8% over the last 20+ years.

The 8% share represents the lowest recorded figure since NAR began collecting data in 1981.

5. You Net More Money When Using an Agent
Many homeowners believe that they will save the real estate commission by selling on their own. Realize that the main reason buyers look at FSBOs is because they also believe they can save the real estate agent’s commission. The seller and buyer can’t both save the commission.

A study by Collateral Analytics revealed that FSBOs don’t actually save anything, and in some cases, may be costing themselves more, by not listing with an agent. One of the main reasons for the price difference at the time of sale is:

“Properties listed with a broker that is a member of the local MLS will be listed online with all other participating broker websites, marketing the home to a much larger buyer population. And those MLS properties generally offer compensation to agents who represent buyers, incentivizing them to show and sell the property and again potentially enlarging the buyer pool.”

If more buyers see a home, the greater the chances are that there could be a bidding war for the property. The study showed that the difference in price between comparable homes of size and location is currently at an average of 6% this year.

Why would you choose to list on your own and manage the entire transaction when you can hire an agent and not have to pay anything more?

Bottom Line
Before you decide to take on the challenges of selling your house on your own, sit with a Heidi Tallos Real Estate Professional in your market to see what I have to offer.  Also check out my client reviews!

by The KCM Crew

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