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

1 in 3 buyers would bid above asking price | Inman News

1 in 3 buyers would bid above asking price | Inman News.

Anyone thinking about selling there house? I think I have a good reason for you to go ahead and get it on the market…I’ll give you a hint: read this article!

 

And for all you buyers out there: When you think I am telling you that in order to get a house you love that you will probably need to offer full ask or above to guarantee you will walk away as the proud new owner? READ THIS ARTICLE!

 

Fast-paced Dallas housing market frustrating both buyers and agents | Dallasnews.com – News for Dallas, Texas – The Dallas Morning News

Fast-paced Dallas housing market frustrating both buyers and agents | Dallasnews.com – News for Dallas, Texas – The Dallas Morning News.

I have been talking about the state of the market for a few months now. We are in midst of an incredibly hot, very active market in which a large percentage of listings are receiving multiple, multiple, MULTIPLE offers within days of going on the market. Everyone that has been waiting on the sidelines for the past few years, for whatever reason, have all seemed to agree with each other that NOW is the time to buy.

In a “normal” market there should be 6 month’s worth of available inventory — we are down to just two months of available inventory. This is a perfect example of supply and demand…the fact that interest rates, as well as prices, are starting to creep up has caused all those folks who have been waiting for the  “right time” to buy, to collectively say, “IT’S TIME TO BUY EVERYBODY!! LAST ONE THERE’S THE ROTTEN EGG!!”

So all the people that had been waiting to get out there and buy, have been getting out there to take advantage of rates before they go up too much. So a lot of our supply has been dwindling away to all of the local first-time buyers. Along with all the first-time buyer’s, we have another large demographic, the baby boomers.  All the baby boomers are starting to see their kids move out for college, or moving into their first homes, turning a majority of the baby boomer generation into “empty nesters”. So from a local standpoint only, we have younger adults and families purchasing their first homes, and then their parents are stuck in homes that are just way to big for one or two people. So many of these empty nesters are doing what makes sense to them, and that is to usually down size to a smaller home.

And finally, added to all the local demand that is here to start with, the DFW area is home to many large corporations, and their headquarters are based in the Metroplex. We see these big companies starting to relocate people from around the county, and bringing them to Texas. And it’s not just the giant corporations bringing jobs to the area. There are entire businesses that have begun leaving their home states just to take advantage of our location. DFW is the central hub for all business throughout the entire USA. Especially with the international airport being dead center within the metroplex, it is just so much easier for traveling businessmen to live in the area and fly out from DFW to wherever they need to be, you can get to both LA and NY in just a few hours, tops. We also attract even more people and businesses to the state because we do not have a state income tax, and who likes paying any tax? NOBODY.

When you take everything into consideration, from the first-time buyers to those who are looking to downsize. People that have been relocated through a large corporation or someone moving their own smaller business to the area for tax reasons. Plus all the other people that you have moving to the area, seeking out a great opportunity combined with lower taxes, and a lower cost of living. With all this considered it becomes incredibly clear as to why we only have two months of inventory. And it all comes back to the basic economics of supply versus demand. We have a HUGE demand for a tiny amount of inventory (It’s been 10 years since I took macro or micro economics, but I can see the graph in my mind..) and the graph in my brain shows that prices are on the rise, which they are.

If you were thinking about buying, don’t take this as a negative and decide you don’t want to pay a higher price for something, because prices have not gone up too high as of yet, and interest rates (especially when compared historically) are still pretty low. All this information is very useful because it shows you things are getting better, and that means things will start to increase in price.

But if you have been thinking about it, and you would like to try to buy something before prices go up a lot, I would jump into high-gear search mode, look through all the homes that make up the two month supply of inventory, and move quick on a home that you can see yourself living in for the next 5-7 years. And if you do get overwhelmed, confused or lost, or want help trying to find something that fits your needs that may not be listed yet, call up a Realtor and let them know you need a buyer’s agent that can assist you with finding “something of XX size, X/X bed/bath , with a pool and a yard, in Keller for no more than $500,000”

Looking for a home can get overwhelming, and exhausting, and if you don’t know what you are doing or you are not sure exactly where you want to be and what you want in a home, CALL ME OR EMAIL ME. My service will cost you nothing, and I will make sure to find a home that fits your lifestyle and will then negotiate on your behalf to make sure you get the home for a fair price and all the terms of the contract are in your favor.

It can be daunting to do this on your own. Call me and you will have a great time throughout the entire home purchase process. Please call my cell 817 808 3159 or email me at ssandlin24@gmail.com if you have ANY questions, or if you would like some assistance with any real estate related issue. Take Care Everyone, and until next time, you stay classy DFW…..

Stephen Sandlin

Mortgage rates rise to the highest level in nearly 2 years – Jul. 11, 2013

Mortgage rates rise to the highest level in nearly 2 years – Jul. 11, 2013.

Ive been telling people for a couple months now that interest rates are on the rise and if they plan on purchasing a home in the near future then they need to act NOW. Dont let the opportunity for these amazing, historic, low-rates pass you buy. Also, prices are starting to rise as the economy, and the real estate markets continue to get better and better. Don’t get hit by this double whammy!! Call me or Email me TODAY and we can get out there and find you a home while these awesome rates are still here!!

(817)808-3159

stephen@roxanntaylor.com

I hope to see all you potential homeowners out in force this summer! If you have been waiting, the wait is OVER, GO ACT NOW!!