Thinking of buying? Now is the time!

With prices continuing to rise month over month, interest rates staying at historic lows, and inventory dropping faster than we can keep up with, it is becoming quite clear that we are well out of the “buyers market” and the ailing real estate market which caused the recession. Whether you are wanting to buy a home for you and your family before they get too expensive, or you are looking to take advantage of the market by parking/investing in real estate, you are choosing the right time to do so. There is still plenty of stuff out there and it is very likely you will see a great return on your home/investment in just the next few years. If you are interested in exploring the opportunities currently out there, or just have any questions about real estate in general, please feel free to call or email with your questions and I will do everything I can to assist you.

 

http://www.dfwrealestate.com/news/homeownership-s-impact-net-worth

http://www.dfwrealestate.com/news/forecast-dallas-fort-worth-home-prices-are-heading-higher

http://www.dfwrealestate.com/news/dallas-fort-worth-home-starts-hit-highest-level-7-years

Buying a Home? If You Can, Buy Two

Buying a Home? If You Can, Buy Two.

I gotta say…I am going to have to agree with Mr. Paulson on this one…this is a guy that knows what he is talking about. And when combining his thoughts on the matter with what I have been witnessing with my very own eyes for the past 5 months…its a great time to get out there and buy! Interest rates have started to creep up a bit, but who cares!? THEY ARE STILL INSANELY LOW!! And even prices are starting to rise, but once again SO WHAT?! Prices have been either down or even for the last few years, so these early price increases are just that: early price increases…that means we are AT THE BOTTOM FOLKS! Anyone familiar with the old phrase: “Buy low, sell high” I’m pretty sure this is what they were talking about when saying those words! Even if you can’t buy two houses, you should really consider buying just ONE! Don’t come to me in a year ask me why you can’t buy a house for XX amount or with a super low interest rate…you had your chance…well you actually HAVE your chance, present tense, RIGHT NOW! THIS IS THE TIME TO BUY! And it’s honestly a pretty good time to sell too! A lot of people are taking my advice to buy, and this is leaving the market very short on inventory…so if you have been thinking you may want to sell, you may want to consider that a little more closely. I have a client who is not even listed on the market yet, but we have already had an INSANE amount of buzz about his house…the three comps on his street that sold in the last few months, they ALL sold for UNDER FOUR DAYS and ABOVE ASK!! If anyone out there wants to talk about the possibility of either buying or selling, or both..please CALL ME!! I will do everything I can to help you come up with the best game plan, you will get a killer price selling and still make out like a bandit on your new home because of interest rates. CALL ME or EMAIL ME (817) 808 3150 ssandlin24@gmail.com

I look forward to hearing from you all!

(817) 808 3159

ssandlin24@gmail.com

Great New Community = Willow Ridge in HASLET Northwest ISD | DFW Home Builders/New Construction Build Zone

Great New Community = Willow Ridge in HASLET Northwest ISD | DFW Home Builders/New Construction Build Zone.

if you want to get some information on a newer community, with great up and coming potential then go check this one out! Follow the link in the post to a pinterest page with all available inventory/spec homes in the neighborhood!

Check out my NEW Blog about the new construction market!

ITS HERE!! DFWHOMEBUILDERS.WORDPRESS.COM <—- CHECK IT OUT!

Now that I am going my separate way in real estate, and creating my own team in which I can CHOOSE what I want to focus on, I have decided to take my experience in the new construction world and put it to use as one of the main niches I plan on focusing on as a licensed Realtor in the State of Texas! I don’t think there are too many Realtor’s that focus on new construction/working with builder’s, even though about 10% of buyer’s go with new construction, and I am sure an even larger amount would really consider going with a brand new home.

I know I would probably like to purchase a new home if I had the choice between an old, lived-in, out-of-date home, and the brand new, state-of-the-art home, with all the newest styles and technologies. Just the great energy efficiency ( and the money it will save me over the years) on it own is enough to sell me on going with a new home. Then when you add in the fact that you get to choose the floor plan, and then pick out all the colors and finish out from the design center.

With preexisting homes, you have to tour dozens to find something that fits all of your needs, and has your favorite design aesthetics. Most of the time you have clients who purchase an older home, and the first thing they do is completely remodel it, or at the very least paint all the walls a different color. To me, if a buyer is going to be doing all of that regardless of what home they buy, why not save them the trouble and show them all the new construction options.

A great part of living in Texas is that we have land, A LOT OF LAND. In a lot of places in the country, and the world, there is not any space left, and you HAVE to buy something preexisting, so doing that and then remodeling makes sense. But if you can do everything you want from the start it will be much easier, it will cost less, and you don’t have to live in a construction zone! I know some people prefer the project of remodeling a home, and they want to buy an old home because of the location, these are two times when it’s perfectly okay to buy something and immediately turn it into a construction zone. Honestly though, the majority of buyers I talk to would prefer starting from scratch, getting the newest and the best technologies built-in to their homes, picking out the floor plan that fits their families needs best, and creating a home that fits their personal tastes/styles. I believe more people would purchase new if they knew about the communities, or if they knew about the builders.

The reason why more people do not go with new construction from a builder is simple: the majority of people purchasing homes use a buyers agent to assist with finding, and purchasing a home. Unfortunately, a large percentage of buyers agents will do whatever they can to avoid taking their buyer into a model home. The agents are afraid of losing their client during the builders sales pitch, they are scared they may go write a contract without them. Also, a lot of agents are control freaks, and they fill that going into a sales center and dealing with salesmen is going to cause them to lose control over their client. And I think the biggest, and final, reason as to why agents don’t bring their buyers to new communities to check out the local builder comes down to one thing: the agents ego, selfishness, and greed. When their client decides to build a new home, it takes at LEAST 6 months for that home to be built and closed, which means the agent gets paid at LEAST 6 months later than they would like to get paid. Unfortunately, there are a lot of agents out there who think this way, and they unfortunately give all the good, well-intentioned Realtors out there a bad rap.

The Realtors who ALWAYS put their clients first, those who put their clients needs above their own needs, these are the types of Realtors people should search for when starting the process. There are a lot of good Realtors out there who follow our code of ethics, those who take the fiduciary duty between themselves and their clients, very seriously. I consider myself one of those agents who takes their duty to the client extremely important, if I am not always doing what is in the best interest of my clients, then I can not expect repeat business and referrals.

For anyone out there who is interested in the new construction market, if you would like to check out all the newest communities, and builder trends, then I recommend keeping an eye on this new blog: dfwhomebuilders.wordpress.com ! Now that I am no longer locked into a position where I had no control over my career, I plan on putting a ton of effort into bringing the new construction market, and all the great builders in the metroplex, to as many buyer’s and future buyer’s as possible. I then want to bring all the buyer’s that I can, over to the builders, so that the new construction industry can maybe start getting its rightful share of the real estate business in the DFW area! Not enough agents (if any agents) have really made it their mission to serve the new construction niche like I have. Starting NOW, in August of 2013, I am going to represent all the builders of the metroplex as best I can, and I hope I can forge alliances with all the builders that will not only benefit them, but benefit all the buyer’s out there as well!

And remember, if you want any inside information about what is going on with all the local builders, and the new constuction market? You gotta check out this blog: dfwhomebuilders.wordpress.com !!! I hope to see everyone on the new blog!

Take Care!

Stephen Sandlin

The Home Buying Process- Step by Step

The last couple of posts I made discussed the benefits of owning your own home, as well as whether or not you should rent or buy. Drawing from the conclusions we came to in these past posts, buying seems like the obvious choice when looking for a new place to call home. So now that you have decided you want to buy a home, all that is left to do is to go buy one. A lot of people get to this point where they decide that they would like to purchase a home, but all of a sudden they realize “I don’t know how to buy a home! I am way over my head here, what do I do?!?”Buying a home is definitely not as simple as buying something at the mall, or buying a car even. There is a definite step-by-step process that you need to take once you make the decision that you would like to purchase a home. The first thing you need to do is figure out what your credit score is, make sure that you have enough money for a down payment (20% would be recommended, but with government loans you can put as little as 3.5% or even 0% down) and determine what your monthly budget for housing will be. I would highly recommend sitting down with a mortgage officer and discussing your different loan options. They will also be able to tell you what your credit score is, and help you determine how much house you can afford. This is a very important step because you do not want to buy a home you cannot afford. After discussing your loan options, I would recommend getting a  pre-approval letter from your lender. If you present this with your offer it will make you look that much better to the seller because they know you will have the funds to pay for the home. Once you determine your price range its time to get out there and figure out where you want to buy, and once your set on location start looking at homes that fall within your price range. As a buyer you are not required by law to use a Realtor to help you find a home, but unless you are incredibly familiar with the marketplace and all of the contracts, forms and processes that go into a real estate transaction, I would highly recommend hiring a Buyer’s agent to help you. The great thing about Buyer’s agents is that they seek commission from the seller, so they are actually providing you with a free service. Whether or not you have a Realtor helping you, the next step is to pick your favorite home out of everything you have seen, and make an offer on it. Depending on the state of your local market place, and after looking at comparable sales, you should come up with how much you are willing to pay for a property. Once again, this is a place where a buyer’s agent can really help out. Remember when negotiating with a seller, it is not always about price. There are many creative options for making your offer look more enticing to the seller. You could do an extended closing so they have time to find a new home, or you could offer to lease the home back to them until they move into their new place. This is just two examples of creative offers, there are literally thousands of different ways you can make something look enticing to a seller, the more creative you or your agent are, the better chance you have of your offer being accepted over someone else offer. Once you reach an agreement with the seller, you then have what is called an executed contract. Generally you will have an option period for about 10 days (this can be as many days as you want) during which time you can terminate the contract FOR ANY REASON and get your entire earnest money check back. During this period you will be able to hire and have as many inspections of the property that you want, this is something that you will be responsible for paying, but its worth every penny. If the inspector finds a few items that need to be fixed, you can then go back to the seller and negotiate repairs into the contract, or possibly even negotiate a lower price. After repairs are negotiated, and then carried out, if there are no more stipulations or contingencies that need to be met all you have left to do is close. Closing is where your lender will transfer funds to the seller, and the Title Company will transfer title to your new home to you. After signing page, after page you will be handed the keys to your new property, as well as any other documents that come along with it, and you are now a proud, brand new homeowner! Now your final step in the home buying process is here, moving day!!

Copy-of-house-for-sale-sign1 buy1

*This is a summarized version of events. Buying a home can be different for everybody, and the process is never identical to what I have written here. This is just a general idea of the process, and the steps required to purchase a home. The real process is usually a bit more complicated than this. Because of that, I highly recommend you interview a few different Realtors (I would recommend an Exclusive Buyer’s Agent) and whoever you feel will be the best fit to work with you is who you should hire to be your Buyer’s Agent.

The Home Buying Process- Step by Step – Zillow Advice.