We’ve been in a seller’s market here in Plano for some time now but all signs are pointing to a change in the wind! Seller’s who once thought their home would sell the second it was listed have found that to no longer be true.
What does it take to be the seller with the winning home? Well, first let’s talk about what winning really means.
Winning means, for most people, selling your home at an optimum price in a reasonable amount of time, with very few, if any, conditions. When it’s a seller’s market, potential buyers try their very best to opt out of any conditions they may keep them from being the star bidder in a pool of many bidders on a single property.
They may, for instance, decide to rent their house out instead of selling it right away so that they don’t have to put in an offer contingent on selling their existing home. They may borrow money from family or take on a second job just to qualify as the winning offer.
When a market evens out, sellers have more pressure on them to put their best foot forward in order to sell their home in a reasonable time period, for at or near the price it’s listed.
1. Get the price right
The peak homebuying season may be over, but there are still steps you can take to ensure a speedy sale. Setting the right price and making an excellent first impression are both essential to attracting buyers, but what else can you do to get the offers rolling in? Here are 10 tips to help you sell your home as quickly as possible – even in the offseason.
2. Sexy up your curb appeal
This could mean adding new sod, planting flowers, painting the front door or replacing the mailbox. Prospective buyers form an opinion the moment they spot the home. Curb appeal is everything. Driving into the driveway and walking into that front door sets the expectations.
3. Update! Update! Update!
New fixtures, fresh paint, and updated landscaping are all fairly easy and affordable ways to give your home a makeover. It’s got to look up to the current market conditions and what’s in style.
4. Hire Professionals
Hire the Realtor you trust. When interviewing a potential agent, always ask for credentials, check out their reviews and definitely, go with your gut instinct. The right person for the job could mean the difference between a painless homes sale and on that causes you nightmares and headaches.
Mmm hmm – there’s nothing like the smell of food from the fair and the Texas State Fair has really delivered this year, promising fair-goers a gut-busting season of culinary delights. Sarah Blaskovich of Guidlive.com break down the 10 best of these food offerings:
The State Fair of Texas opens on Sept. 28, a Friday. But you can call each day after that, for 23 days, Fryday.
Of the 10 Big Tex Choice Awards finalists just announced by the State Fair of Texas, seven are fried. As they should be: The Big Tex Choice Awards’ first winners, in 2005, were a fried PBJ and banana sandwich and fried ice cream. And although the contest over the years has featured both fried and not fried dishes — and even some drinks, remember 2015’s award-winning smoky bacon margarita? — State Fair of Texas’ heart has always been deep-fried.
All 10 of these new dishes will be for sale at booths throughout the State Fair of Texas.
The 10 finalists were chosen from a list of 31 semi-finalists that included savory dishes like fried lobster pops and fried chicken nachos; and sweet ones such as mini sopaipillas and fried M&Ms.
Two groups of concessionaires have two items on the list of 10 finalists. For Christi Erpillo, whose family has been working at the fair for more than 50 years, the news was exciting. But.
“I was in euphoria,” says the concessionaire whose family created Fernie’s hoppin’ john cake with jackpot sauce and Fernie’s Orange You Glad We Fried it!?. “But then the next morning, I asked, What have we gotten ourselves into?”
One of dishes missing from the 2018 finalists list is fried ranch, the condiment that, shockingly, hadn’t been deep-fried and served at the State Fair of Texas yet. (It was only a matter of time: We’ve already fried beer, Coke, butter and coffee. We’ve even seen fried Jell-O, which was 2016’s winner of Best Taste created by a woman who was, at the time, 82 years old.) Fried ranch was a semifinalist but did not make the finalist round.
The next step on this 2018 fried-food journey is for a panel of judges to pick winners: Best Taste – Savory, Best Taste – Sweet, and Most Creative on Aug. 26. In a surprising twist last year, the same dish won Best Taste – Savory and Most Creative: the funnel cake bacon queso burger. It had funnel cakes for burger buns and was, possibly, the state fairiest State Fair dish we’ve ever tasted. It was a queso-on-your-face kind of experience, for anyone doing it right.
The goal of winning the Big Tex Choice Awards — besides well, winning — is that the concessionaires who dream up these wacky ideas usually reel in significantly more customers during the State Fair’s 24-day run. That kind of popularity has the potential to inch some dishes closer to becoming essential State Fair of Texas foods like Fletcher’s Corny Dogs or the ubiquitous funnel cakes.
For concessionaires like Justin Martinez, who with his dad Rudy Martinez created this year’s cotton candy taco and Texas Fried Hill Country, the State Fair of Texas marks the end of a months-long process of testing the same recipes over and over. Is he tired of eating cotton candy?
“Yes,” he says confidently.
The State Fair of Texas runs Sept. 28 through Oct. 21 in Fair Park.
Thanks Sarah! Check her out athttps://www.guidelive.com/author/sarah-blaskovich
Congratulations Frisco! You’re the little town that could!
Established on the Shawnee Trail, now called Preston Street (Hwy 289), Frisco has occupied a unique place in the history and growth of North Texas, witnessing the passage of wagon trains bringing immigrants south to Texas and cattle drives from Austin going to northern markets. Originally a community of farmers north of the thriving town of Lebanon, Frisco City was formed in 1902, when the St. Louis – San Francisco Rail Line decided to set tracks through the rich agricultural land, where water was plentiful. The town name was later shortened, and Frisco was incorporated in 1908.
Since its creation, Frisco was a retail and shipping point, beginning with a number of cotton gins and grain elevators, and was the home of a Farmers Co-operative Gin Association. By 1914 the town had grown to a population of 1,000 people and grew slowly through the 20th century. In 1960, the population reached 1,184, and increased to 3,499 by 1980 as a result of the growth of Dallas, Plano and Fort Worth. By 2000 there were 33,714 people, and since the turn of the century the number of people living in the city of Frisco has more than doubled to over 100,000. This phenomenal growth is expected to continue and the population of Frisco as of July 2018 to over 160,000.
“We eliminated any place that had more than double the national crime risk, less than 85 percent of its state’s median household income, or a lack of ethnic diversity. This gave us 583 places,” Money said.
“We put the greatest weight on economic health, public school performance, and local amenities. Housing, cost of living, and diversity were also critical components,” it said.
Money also lauded Frisco for it public-private partnerships — particularly the Ford Center at The Star. That athletic facility, built as part of a partnership with schools, the city, and the Dallas Cowboys, doubles as a place for school football games and a practice field for the NFL team.
The Star in Frisco is a $359-million, multi-use development located on 91 acres nearly 30 miles north of Dallas.
At the heart of the complex is the new Dallas Cowboys’ World Headquarters, The Ford Center, which spans 25 acres and includes a 1.7-million-sq-ft, state-of-the-art facility with a six-story office building; a 12,000-seat, indoor multipurpose events center and sports training facility; and two outdoor practice fields that provide facilities for the Dallas Cowboys, the city of Frisco and Frisco Independent School District.
The complex also includes the 300-room Omni Frisco Hotel and the Frisco Multi Event facility, along with an entertainment district of restaurants and shops, plus a medical center. The Baylor Scott & White Sports Therapy & Research at The Star will open in 2018.
A unique partnership among the Dallas Cowboys, the city of Frisco and Frisco ISD resulted in a public-private partnership for the mixed-use development. Not only is The Ford Center the only NFL training facility in the U.S. that is shared with the athletics program at a public high school, it’s also the most comprehensive NFL training facility in the U.S. It also houses the first indoor high school stadium in Texas.
“Watching the public, especially the high school kids, walking into the stadium on opening day and seeing all the joy and happiness as they realized they are about to play or watch [a game] in the only enclosed, conditioned high school stadium in the world—that was truly a great achievement to walk away with,” Sperling says.
What’s better than a long holiday weekend? Spending that holiday weekend with friends and family in the beautiful Dallas Metro area celebrating Labor Day and the incredible workforce in our great country.
Compiled below are all the activities listed on EventBrite starting this weekend and lasting all through Labor Day AND all the open houses you can handle in one weekend!
We here at Ritz Group Realty want to give a big shout out to everyone who works so hard to make this country the amazing country of ours!
Referenced from eventbrite.com
Search for ways to improve your credit score online you’ll see the same suggestions over and over. Where’s the creativity? If you have bad credit, you can increase your FICO score significantly in just 30 days.
In this article, we’ll explain some of the things that will help to improve your credit score by as much as 100 points in 30 days.
Yes! You can improve your credit score fast!
Just follow these steps and see your credit score increase by up to 100 points in 30 days. These methods have been tested with some consumers increasing their score by over 100 points in 30 days. It is not unusual to see a 600 credit score jump to a 700 credit score it’s happened before.
Don’t go in expecting a 100 point increase in your score. You may have items that will take time to reconcile, however, an increase in the double digits is certainly feasible.
1. Get your free credit report and scores.
Before you start working on your credit, you will need to check your credit report. It’s also a good idea to find out your FICO score with all three credit bureaus. You can get your free credit report once a year on the Government website www.annualcreditreport.com. Free credit scores are available from Credit Sesame and Credit Karma. They even have great apps for Android and iPhone where you can check your credit scores anytime and get credit alerts anytime there is any activity on your credit file.
2. Identify the negative accounts
Now that you have your credit report, go through it and highlight accounts with a negative status. You will also need to highlight any late payments and credit inquiries. Make sure your personal information is correct, including your address, employer, and phone number.
3. Pay off your credit card balances.
Your credit utilization ratio is the amount of credit card debt you have compared to the credit limit. Keeping this ratio below 15% is important. Your credit utilization ratio has a huge 30% impact on your FICO (Score model used by mortgage lenders) score. Only your payment history (30%) has a bigger impact on your overall credit rating. If you’re carrying high debt on your credit cards then your credit rating is suffering, majorly.
Pay your credit card balances down to zero, or as close to zero as you can the have your credit utilization rate as low as possible to maximize your FICO score. Secured credit cards If you don’t have a credit card you will need to get one or two to help improve your credit score. Getting a credit card when you have bad credit is very difficult if you don’t know where to look.
6 Best Secured Credit Cards to Rebuild Your Credit:
A secured credit card works similarly to an unsecured credit card. The only difference being that with a secured card you will need to pay a deposit equal to your credit limit. As an example: If you get a secured credit card with a $500 credit limit you will be required to pay a refundable $500 deposit to secure the loan. After 6-12 months of on-time payments, the credit card issuer may convert your account to an unsecured card and refund your deposit.
4. Contact the collection agencies If you have collection bills with small balances on them or balances you don’t mind paying you should call the collection agency. Tell them you wish to do a pay for delete. A pay for delete is just what it sounds like, you pay the amount owed and they remove the negative account from your credit report entirely. Make sure you write down the persons name and extension you spoke with. You also need “pay for delete” letters in writing from the collection agency showing they agree to remove the account from your report completely if you pay the agreed upon amount. In some cases, you can settle the account for less than you owe, but many will want you to pay in full if they are deleting it from your credit history.
5. If a collection agency will not completely remove the account from your credit report, don’t pay it!
Purposely not paying a debt (even if it helps you and sees you thousands) sounds incredibly immoral to lots of people. If you’re one of those people then this tip isn’t for you. Look, a collection account is a collection account, it affects your credit score the same regardless if it has a zero balance, or a $20,000 balance. Don’t pay collection accounts without a “pay for delete” letter. A pay for delete is an agreement that you will pay the outstanding debt if the collection company will delete the account from your credit report entirely. Having collections removed from your report like they were never there in the first place is the only way it will improve credit scores. If a creditor says they will report it as paid but can’t remove it, don’t pay it, it won’t improve your credit score. Beware, these collection agencies can be sneaky with their wording, they may tell you the account will now show paid as agreed, or it will help your credit to pay it. Do not listen to them. It doesn’t help your score AT ALL to have a bunch of collections that show a zero balance. If they will not remove the account from your report like it was never there in the first place, move on to the next step.
6. Dispute the negative account information on your credit report
Remember the credit bureau has 30 days from the date they receive your dispute request to complete their investigation. If the creditor cannot verify the accuracy of the account, late payment, balance or whatever you disputed, then they will delete that item. This is credit repair in a nutshell. I have seen people get 10-15 accounts removed in 30 days just by disputing them. Of course, these people had many negative items on their report so a large number of accounts being deleted is not unusual. This is to help improve your credit history significantly. Sometimes the credit bureau will not remove anything you dispute, that is okay too. How to get late payments removed If you have an account or late payment with the original creditor you need to know that a goodwill letter won’t work anymore.
It’s against the agreement the Credit Bureau has with creditors to remove a negative item as an act of goodwill or for any reason other than it’s incorrect. Instead, you should first contact the creditor and tell them you believe the late payment is incorrect. They will most likely have their credit reporting team investigate the item. If that doesn’t work you can start disputing it with the three major credit reporting companies.
7. You can Dispute Credit Inquires on your Report Hard inquiries stay on your credit report for 24 months.
They will affect your credit score for 12 months. But, you can dispute hard inquiries on your credit profile and have them removed. Call the credit bureaus to dispute inquiries, the creditor has to verify you authorized them to pull your credit. Inquires aren’t often removed but sometimes they can be, so it’s worth a shot. This is a great, fast way to improve credit scores in a hurry.
8. Get added as an authorized user An authorized user means you are allowed to use the credit card account.
Authorized users can have their own card with their name on it to make purchases. However, authorized users are not the primary account holder, authorized users are liable if the account goes to default. Authorized users also reap the benefits of a positive account with good payment history. Most likely someone that is willing to add you on as an authorized will not want you to have a card, and that’s okay. You do not want any access to the credit at all, you’re simply using the authorized user status to add a positive account to your credit file. Make sure the account you are being added onto is in good standing. No late payments, low balance, and the longer it has been open the better. Once the creditor reports your new status on the account, the entire account information will appear on your report. This can improve your credit score by several points, and help build credit for those with no FICO score.
Make sure you ask financially responsible people you know well to add you on as an authorized user, it can be very beneficial is raising your credit score fast. How to dispute collection accounts on your report
There are three ways to dispute items on your credit report and all 3 work equally as good.
Online – TransUnion, Equifax and Experian all allow credit disputes to be filed online. You just need to create an account with each credit bureau’s website to get started. Once you have an account you will be able to view your report and dispute any negative items online.
By phone – You can call each credit bureau and speak to a live person. Make sure you have your highlighted credit report with you. Just go through each negative item and let them know you would like to dispute it.
By mail – You can also send a letter to each credit bureau disputing the items on your report. The downside to this method is the mail time it takes to send and receive your investigation results by mail. Here are some sample dispute letters you can send to the credit bureaus.
TransUnion LLC Consumer Dispute Center
P.O. Box 2000 Chester, PA 19016
Tips for filing a Transunion dispute Online: https://dispute.transunion.com
Phone: 800-916-8800 – 8am-11pm EST
Experian Dispute P.O.
Box 4500 Allen, TX 75013
Tips for filing an Experian dispute
Phone: (714) 830-7000
Equifax Information Services LLC
P.O. Box 740256 Atlanta, GA 30374
Tips for disputing your Equifax credit report
Phone: (800) 846-5279
How your FICO credit scores are calculated Your FICO credit score is calculated using an algorithm created by FICO.
Payment History – 35% – Payment history includes on-time payments, late payments, account status and collection accounts. Late payments negatively affect your score for 36 months.
Credit Utilization Ratio – 30% – The total amount of debt you have includes car loans, mortgages, credit card balances, and any other loan. Collection accounts that have been charged off aren’t included.
Length of credit history – 15% – This includes the average age of your current open accounts. If you have a bunch of accounts you recently opened it will shorten your average account age and lower your score. Keep revolving accounts such as credit cards and lines of credit open for as long as possible.
New Accounts – 10% – This is made of credit inquiries and recently open credit accounts. The more credit inquiries you have in the last 24 months the lower your score will be. The good news is that after 24 months the inquiry drops off your report and no longer affects your FICO credit score.
Credit mix – 10% – The different types of credit accounts you have has an impact on your score. It is not good to have 5 credit cards open and nothing else. If you have credit cards, student loans, a mortgage, personal loan, and car loan it shows credit mix diversity. What is considered good and bad credit?
An excellent and good credit score is generally anything above 720. A bad credit score is generally anything below a 620.
720+ = Excellent credit
680-719 = Good credit
620-679 = Fair credit
580-619 = Poor credit
579 and lower = Bad credit
Multiple inquiries when you are looking to buy a car or get a mortgage will count as a single inquiry. This is known as “Rate Shopping” a grace period for consumers to apply with multiple lenders to get the best rate. If you are looking to buy a car and go to a hundred dealerships and have your credit pulled, it will only count as a single inquiry as long as it is done over 14 days. The rate shopping period for Mortgage credit pulls is 30 days.
How to improve your credit score in 30 days summary. We hope you find these techniques helpful and they work for you as they have for many others.
Step 1. Get a copy of your credit report
Step 2. Identify the negative accounts
Step 3. Pay off credit card balances
Step 4. Contact collection agencies
Step 5. If a collection agency will not remove the account from your credit report, don’t pay it!
Step 6. Dispute every negative item on your report
Step 7. Dispute credit inquiries
Step 8. Get added as an authorized user
Gentrification in East Dallas is happening, there’s no way around it. Chances are that the most you know about Dallas’ Mount Auburn neighborhood is that it’s the home of Kalachandji’s, the local Hare Krishna temple’s long-popular vegetarian restaurant.
But historic Mount Auburn, just north of Interstate 30 and west of Samuell-Grand Park, is one of the last stable working-class enclaves in the inner city. It’s in a prime spot: a few minutes from downtown and even closer to White Rock Lake, Lakewood and Deep Ellum.
It’s also a sitting duck for gentrification. The turning over of this neighborhood is inevitable — and a good thing. Cities either evolve or they die, simple as that.
In recent weeks, sleek contemporary homes have sprouted up alongside much older frame cottages. Dozens of newly scraped lots advertise that more construction is coming. Developers are mailing handwritten letters and knocking on doors throughout the neighborhood with offers to buy out homeowners.
This is the next frontier in a housing market where land costs in desirable neighborhoods are outrageous. It’s just a matter of time before the price the builders are willing to pony up entices folks to take the money and run.
Just beyond Mount Auburn sits the Hollywood/Santa Monica neighborhood, a conservation district with stone-embellished Tudor homes. Head north from there and the houses only get more expensive into Lakewood and the M Streets.
Conrad Homes is among the builders that have slipped into Mount Auburn, transforming a block of Cameron Avenue with six homes at various stages of construction. Priced around $675,000, these are four-bedroom, three-bath, 2,600-square-foot homes.
Listing agent Brandon Travelstead says he’s looking for adventurous individuals willing to take a risk for a potentially big payback. The same houses would cost at least another $150,000 if they were located a bit to the north. But Travelstead acknowledges, “There’s a little hesitation among potential buyers because of the street and location.”
To assess how gentrification has reshaped urban neighborhoods, Governing analyzed demographic data for the nation’s 50 most populous cities. Changes in several measures, described below, were calculated for each city’s Census tracts and compared to others throughout metro areas. While the methodology is similar to prior research on the subject, no universally accepted definition of gentrification exists.
Gentrification remains rare nationally. It did, however, greatly accelerate in many cities over the past decade. The following table summarizes the extent to which neighborhoods in Dallas gentrified:
|Share of Eligible Tracts Gentrifying||Tracts Gentrifying||Did Not Gentrify||Not Eligible to Gentrify||Total Census Tracts|
Gentrifying Census Tracts: These lower-income Census tracts experienced significant growth in both home values and educational attainment. To be eligible to gentrify, a tract’s median household income and median home value needed to fall within the bottom 40th percentile of all tracts within a metro area at the beginning of the decade. Tracts considered to have gentrified recorded increases in the top third percentile for both inflation-adjusted median home values and percentage of adults with bachelors’ degrees.
Tracts Not Gentrifying: These Census tracts met eligibility criteria but did not experience enough growth in educational attainment and median home values relative to other tracts within a metro area to have gentrified.
Not Eligible Tracts: These tracts, typically middle and upper-income neighborhoods, did not meet the initial criteria for gentrification. To be eligible to gentrify, a tract’s median household income and median home value both needed to be in the bottom 40th percentile of all tracts within a metro area at the start of a decade. Tracts with less than 500 residents or missing data were also considered not eligible.
Click a tract to display its demographic data:
Gentrification Status: See summary above.
Median Home Value: Estimates are shown for owner-occupied housing units in 2013 dollars for recent data and 1999 dollars for 2000 Census data. Percentage changes in home values reflect adjustments for inflation.
Bachelor’s Degrees: The share of the population age 25 and older who report holding bachelor’s degrees.
Median Household Income: Values shown in 2013 dollars for recent data and 1999 dollars for 2000 Census data.
|Albuquerque||Columbus||Kansas City||Nashville||San Antonio|
|Dallas||Dallas||Las Vegas||New York||San Diego|
|Atlanta||Denver||Long Beach||Oakland||San Francisco|
|Austin||Detroit||Los Angeles||Oklahoma City||San Jose|
Realtors get a bad rap sometimes and sometimes those raps are really deserved. There is a stereotype of a Realtor being no better than a bad car salesperson, trying to swindle you out of your money while he rolls in the dough.
Ask anyone in real estate and they will certainly tell you that rep follows even the best of us around like an ugly cousin we just can’t get rid of, however, the vast majority of us come nowhere near deserving of it.
We care about you, your family and your goals. We enjoy listening to your stories, they make up much of why we continue to be Realtors. That’s a fact we don’t always share, but it’s a truth and your stories are a lot of keeps up going when the going gets tough.
Imagine, then, just how crazy you can drive us when we try our best to help and protect you as we work together to achieve your goals.
There you are, you have your home up for sale (and a lovely home it is) and this home is just sitting on the market. Yes, you’ve had showings and interest but no offer or your offers have fallen through. You can’t go to bed at night but you worry about selling your home. Questions like, “What’s wrong with my house, why doesn’t anyone like it?” probe your brain, keeping you from a peaceful rest.
While you are tossing and turning on one side of town, on the other side of town, your Realtor is also tossing and turning in his bed, not for the same reason, you are. He’s tossing and turning because you are driving him bonkers!
How could someone as charming and wonderful as you are driving a professional home agent nuts?
Here are 7 insane ways:
Isn’t the whole point of hiring a real estate agent to get professional advice and guidance during the house selling process?
And if that advice possibly entails news the home seller doesn’t want to hear?
Say, some necessary adjustments in the presentation of the property based on initial buyer showings?
Or price reduction?
Subsequent price reductions might be a necessary reaction to market developments.
But, any decent real estate agent knows very well that the most important discussion on price will be the initial listing price!
Real estate experience forewarns the sequence of events to come if that price isn’t correct:
Can you see why refusing professional advice can drive real estate agents crazy?
They have seen it firsthand over-and-over again what will happen!
In the end, after a series of price adjustments, the property will eventually sell at a price below where it would have sold if it was priced correctly from the get go!
Does it mean it will happen for sure?
Of course not!
But, are you as the home seller willing to take that (expensive) risk?!
Walking through a total stranger’s house isn’t necessarily the most natural environment for most of us.
Nevermind now having the homeowner following the showing party around from room-to-room!
Recently, I had the sweetest older home seller insist she wants to hang around for open houses.
Whenever interested buyers came through, she’d be following us around and be sharing stories of things that happened in every room.
Even though I had asked her showing after showing that we would come and see her at the end to ask any questions we might have, she kept joining in.
The point is that home buyer feel awkward having the home seller listening in on every conversation.
She may have gotten the hint when at one of the showings I introduced her as the maid! Ok, maybe it was a little coarse to do that, however, I explained it to her this way:
Showings with the seller present end up being the ones where the buyers barely ask any questions!
And that’s not exactly what you want to see happen during those ‘hot buyer’ showings!
Can you see how home sellers sticking around during showings can drive real estate agents bunkers?
Whether intentionally or unintentionally, home sellers ought to make sure to have the home ‘presentable’ during buyer showings!
You only have one chance to make a first impression with an interested buyer, so why would you try to mess that up by skipping a quick cleanup that might be needed ahead of showings?
The agent assisted you in getting the house ready for the professional photos as he knows the importance of great photography in real estate!
The home seller has been a great help in going through all the efforts in getting the home beautifully photographed and professionally presented.
Yet, when it’s time to show your property to those buyers (who were drawn to your home because of exactly those pictures), you forgot to pick up this morning’s mess?! (i.e. used clothing in the children’s rooms, wet bath towels laying around, unfolded laundry, etc)
This will really drive real estate agents crazy, thinking they’ve got these hot buyers all excited about the property, and now they’ve arrived for the showing, they get to see the house ‘like that’…
It doesn’t have to look like a museum – we all know life (and kids!) will get in the way – but at the end of the day, it is the home seller’s responsibility to keep a minimum level of cleanliness at all times.
Sometimes the real estate agent might get there a few minutes early, and quickly do some last minute cleaning ahead of the clients’ arrival (ever noticed how those bedroom pillows sometimes look extra puffy – you may want to stay away from picking them up as they might be hiding quite the treasures underneath), and the situation will be saved.
But the outcome will be completely different if the agent arrives together with the clients and opens the door unbeknown what’s ahead!
Can you imagine the expression on the home buyers’ faces to see your home as if a hurricane had just passed it?
Over-promising and under-delivering come to mind.
And for once, we’re not actually referring to the real estate agent, but rather the home seller!
The real estate agent may have done a great job with the presentation of his marketing plan and convinced them how he will go about in getting the home sold.
During more detailed conversations with the home seller, it might appear that certain repairs or upgrades need to be done ahead of the marketing.
And the home seller agreed that ‘everything will be sorted’ way ahead of the first buyer showing!
For whatever reason, things didn’t get fixed in time, and now the agent will have to explain to the interested buyer that the malfunctioning air conditioner, major crack in the wooden entrance door and few broken kitchen tiles will be taken care off by the home seller in these next few.
The agent wasn’t lying – the home seller did say those things would be fixed.
However, now fast forward and deep into negotiations, the agent finds out that the home seller has decided not to do those repairs anymore, yet the buyers have now calculated their numbers based on certain expectations of things to be fixed!
Will this potential buyer now back off and walk away from the deal, or can things still be remedied?
What’s the agent to do now?!
You can see how falsely promising upgrades by the home seller can drive real estate agents crazy!
As a home seller, you need to make sure that those promises of repairs or upgrades are 110% sure of actually happening!
If there’s any doubt those upgrades will actually take place, you rather not create any home buyer expectations before things get too complicated!
When a home seller is eager to sell his property, why would he be restricting the real estate agent by demanding an unreasonable notice time for buyer showings?
Any home buyer nowadays has ample of choice of properties, and if there’s too much resistance (or reluctance) in gaining access to a certain property, there’s a very good chance that they’ll just move onto the next property.
It’s only fair for them to immediately question whether that home seller is serious about selling his home?
Yet, quite a few home sellers like to come up with excuses as to why a buyer can’t see the property “until tomorrow”.
I know that the process of selling your property isn’t the most fun thing to do, and buyers don’t always pick the most opportune times to view the property.
But getting as many potential buyers through is a crucial part one cannot jeopardize by being difficult or restrictive in providing access to the home!
Think of it this way: wouldn’t you agree that every canceled buyer showing is a missed opportunity to sell the property?!
Next time you’re thinking of asking your agent why your home isn’t getting as many buyer viewings, perhaps having that minimum 24-hour showing notice in place might have something to do with it!
No wonder this can drive real estate agents crazy!
The home seller has finally decided to put his property on the market.
But the owner clearly stated that he won’t give it away, and will make sure to be involved in the marketing of the property as much as he can!
“After all, the agent might drop the ball and cost him dearly!”
With a simple example like this (yet, very real life), how is a real estate agent to react when he gets calls and WhatsApp messages at all hours of the day, insisting on immediate response, regardless of the urgency?!
Whereas some feedback information can indeed be provided immediately following the buyer showing, the valuable follow-up with the clients within hours or day after the showing will reveal a lot more information!
Sometimes I think that buying real estate or holding open houses is a lot like first dates?
Would you be calling or texting your first date within minutes of leaving that first date appointment?
Ideally, the home seller and real estate agent have some arrangement in place regarding feedback.
Doesn’t it come down to managing expectations?
Which medium (i.e. text message, WhatsApp, email, phone call etc) does the home seller prefer to use for communicating with the real estate agent?
How often will the real estate agent provide the home seller with feedback following buyer showings/open houses?
Perhaps give the agent some space and let him do his job.
Believe me, your agent is as eager as the home seller to sell the property; he isn’t purposely stalling any forthcoming sales!
We love our sellers! We really do! The below situation can happen anytime and to good people so please heed our advice about home price when we try to explain it to you. We have your best interests at heart, so as you read this, please keep that in mind.
So picture it: The house has been adequately prepped ahead of the professional photographs, some amazing pictures were taken, and shortly after, the agent’s marketing plan kickstarted with a bang!
Within a few days of going live, a number of hot buyer showings took place, and lo-and-behold there’s an offer coming in pretty much at asking price!
“Yay, if we got such a strong offer within days, can you imagine how much higher the offers will be in a few weeks’ time?!”
By a non-real estate professional, this might be viewed as somewhat as a cliché, but the first offer is most of the time the best offer!
“Why?” you ask.
Time is not always your friend when it comes to home sales. A hot property is seen as one to get into right away and the folks who are interested have been told by their agent to put their best foot forward, especially if there may be multiple offers coming into that seller. You see, every interested buyer on the market right now has been closely watching whatever new property comes onto the market!
Can you now imagine how excited these buyers must be once they saw your property as a newly-listed home popping up onto their radar?
It’s exactly what they’ve been looking for all these months!
They hurry up to make the necessary arrangements to go view the property, and guess what?
They love it!
There’s no need to continue searching – they’ve found their dream home – and decide to put in an offer right there and then!
After all, they don’t want to lose it now!
Yet, seeing the interested buyer interest from the onset, the home seller is all of a sudden of the strong impression that his home should easily sell above asking price!?
Maybe one of the many home selling myths he heard over the weekend is starting to sink in?
Whatever it is, getting greedy like this can really drive real estate agents crazy!
Setting a market-related asking price doesn’t necessarily mean it will sell for that amount (or more)!
If the agent genuinely believes the quality of the offer warrants the home seller to accept it, why not follow that advice?
The longer the home sits on the market, the higher the chance of not getting asking price and it may even come to a price reduction. Realtors do everything in their power to keep you from having to go through that.
While we tried to keep our advice to you lighthearted, I mean, after all, it can be funny picturing a Realtor pulling out his hair, maybe throwing a temper tantrum on the floor complete with crying and stomping, we do mean well. Reaching your real estate goals is our livelihood, our profession, and our overall goal.
We’re always here to help.
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