Today’s market tips – we need homes to sell!

Want to sell but waiting to get repairs done?  We are desperate to find nice homes for sale in Alllen, Plano, McKinney, Rowlett, Richardson – anywhere in North Dallas!

You might have heard on the news recently that the market is a “Sellers”  market and buyers are having a hard time buying.  One newscasters lead story this week was tips to help buyers in this challenging market so I thought I would also give you a few:

If you are selling your home:

Do not put a sign outside and try to do it yourself.  Realtors provide value to get your best price and the best deal!  Our buyers are pre-qualified and we will not bring people to your home that are not ready to buy!

Prepare the house!  Paint, clean, do minor repairs, eliminate clutter and put up anything smaller than a football that could be carried out by anyone’s child.

Be prepared to have non-stop showings for a couple of days!  Plan to be gone, eat out, remove your pets, etc.!

Do accept the best offer for you!!  Look at the amount you will net not the amount of the offer and be sure the date you are giving possession works for your move.  Do not be afraid to ask for a lease back of a couple of days if you need it.

Call us and list your house soon as buyers tend to move in the summer while school is out.  We will guide you through the process seamlessly!

If you need to buy a home now:

Be pre-approved for financing.  Call a mortgage broker and provide all the documentation they need to give you a preapproval letter.  We have to provide it with the offer for your offer to be considered.

Be realistic!  The seller is not going to give you money!  Work with your lender if you need closing cost concession or help with the cost to close.

Be realistic!  The seller is not going to do cosmetic repairs and often not even structural repairs so you may need to work those costs into your mortgage.

Be realistic!  The seller is going to accept the best offer and often the first one that is acceptable.  If you see an active listing online call us to see it immediately.  Your next day off will be too late!  We can show it to you on your lunch break or after work!

Be realistic!  If the home is in bad repair or not in your budget – move on!  Do not buy a home you cannot afford to repair or maintain!  No one needs to be “house poor”!!!

 

 

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About Glen Reid

ABOUT ME - I AM A REAL ESTATE PROFESSIONAL STARTING FROM COLLEGE WHERE I EARNED A BBA WITH A MAJOR IN REAL ESTATE. I HAVE WORKED AS AN APPRAISER, A PROPERTY MANAGER FOR THE SOUTHERN PACIFIC RAILROAD, A RIGHT-OF-WAY AGENT AND AM A REAL ESTATE BROKER ACTIVE IN THE DALLAS-FT. WORTH AREA. CALL ME IF I CAN HELP YOU WITH YOUR REAL ESTATE NEEDS.