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For Sellers

 Thinking About Selling Your House Soon?

Free Home Sellers Guide

It’s difficult to know when is the best time to sell, or how to get the most money for your house, but you don't need to go through the process alone.

You may be wondering if prices are projected to rise or fall...or if you should rent your house instead of selling it. The free eGuide below will answer many of your questions and likely bring up a few things you haven’t even thought about yet.

Check it out, and feel free to get in touch if you have any questions.

SEND ME THIS EGUIDE

 

Found 37 blog entries about For Sellers.

Keller, Southlake and Trophy Club homes for sale
Mortgage interest rates have risen over a quarter of a point in just the first two months of 2018,  and Freddie Mac's US Economic and Housing Market Outlook is projecting a steady increase of interest rates throughout the year,  Many suggest rates could reach 5% by the end of the year. Now those of us who have been around a while recognize 5% interest rates are still a "gift", having seen rates much higher in the past.  Several of us who were in the market in the mid to late 1980's even remember 12-14% rates.  Still each increase, especially when combined with increasing housing prices, bodes poorly for homebuyers sitting on the fence.

What impact will rising rates have on home values?

Just as in years past, I'm starting to hear some potential home

2,947 Views, 0 Comments


Selling your Keller or North Ft Worth Home?
Buyer Traffic is Even Stronger Now then Last Spring

Why the ALL CAPS and Exclamation points?  The North Ft. Worth, Keller and Trophy Club market has been on fire for home sellers for a few years now. But now that the final numbers for the 2017 area housing market are in, one thing is clear:  It's time to list your house.

How did we wrap up in 2017?

  • New-home sales were at their highest level in a decade.
  • Sales of previously owned homes were at their highest level in more than a decade.
  • Starts of single-family homes were their strongest in 10 years.  Plus new home permit applications grew to the fastest pace since August 2007.

And Bloomberg Business just reported: “America’s housing market is gearing up for a robust year ahead.

641 Views, 0 Comments

Southlake Housing Market Bubble

Are We In Bubble Territory?

Home values continue to rise across Dallas/Ft. Worth, as well as the nation.  And home buyers in Keller, Southlake, Colleyville and surrounding areas are starting to ask if we're entering another housing bubble.  Fair question.  It's certainly one you'd want to know the answer to if you're considering plunging into the housing market.  Zillow just reported that:

“National home values have surpassed the peak hit during the housing bubble and are at their highest value in more than a decade.”


So if you buy a home today, you may well be paying the highest price the home has sold for...   But are we in bubble territory?  The Zillow comment is correct; the Dallas/Fort Worth area has passed previous peak home

2,097 Views, 0 Comments

List your Keller home today

Supply and Demand is Shouting 'List Your Home Today!'

Do you remember much of what you learned in school about supply and demand?  You may not recall much of Economics 101, but this is one lesson you surely reconginze; when demand is greater than supply, the price will rise...

SUPPLY

A six month's supply of homes for sale in Keller, Southlake, Trophy Club is generally considered a "normal market" - not favoring sellers with rising properties or buyers with bargain prices.  This area, like most of the rest of the nation, is reporting about a 3.8 month supply of homes available according to The National Association of Realtors (NAR).

Months Inventory of Homes for Sale

 

DEMAND

Like supply, The National Association of Realtors also reports monthly on the numbers of

2,003 Views, 0 Comments

Existing Homes Sales Hit Highest Levels

Highlights:

  • Sales of existing homes reached the highest pace in a decade at a seasonally adjusted annual rate of 5.69 million.
  • January marked the 59th consecutive month of year-over-year price gains as the median home price rose 7.1% to $228,900.
  • NAR’s Chief Economist, Lawrence Yun had this to say, “Much of the country saw robust sales activity last month as strong hiring and improved consumer confidence at the end of last year appear to have sparked considerable interest in buying a home."

Bottom Line

The inventory of homes for sale is tight in higher priced cities like Colleyville and Southlake.  And home buyers in the relatively more affordable areas like Roanoke, North Fort Worth and the Alliance area are finding it even more

609 Views, 0 Comments

Luxury Home Southlake TX
Looking to Move-Up to a Luxury Home? Now’s the Time!


Does your current home still fit your needs?  If you're planning an upgrade into a luxury home, now is a great time to do it! I recently shared data from Trulia’s Market Mismatch Study showing buyers currently have more control in area luxury markets like Southlake, Trophy Club and Colleyville.  The inventory of homes for sale in those markets is higher than in those offering homes closer to DFW median price points.  So sometimes, homes in the area's luxury markets are staying on the market longer, or can be found at a discount.

If you're selling your starter or trade-up home, you may well find buyers competing, and often entering bidding wars, to be able to call your house their new home.  This

732 Views, 0 Comments

Keller Housing Market Prices to Rise

Inventory Mismatch Paints a More Detailed Picture


the National Association of Realtors latest Existing Home Sales Report  reports the inventory of existing homes for sale in today’s market to be at a 3.6-month supply. That's now 7.1% lower than this time last year, marking the 20th consecutive month of year-over-year drops. We're seeing the same thing in our area. 

Typically,  a 6-month supply of homes for sale is considered a "normal market",  where home prices appreciate with inflation. When there is less than about a 6-month supply the demand for houses outpaces supply.  And you are probably aware of what happens when demand is higher then availability.  Prices go up.  

Here's the chart showing the US has been in a sellers' market for the

713 Views, 0 Comments

DFW housing market spring 2017

Housing Market “Springs Forward”

Just like our clocks this weekend, the housing market across Trophy Club, Southlake, Keller, and surrounding areas will soon “spring forward!” Similar to tension in a spring, the lack of inventory available for sale in the market right now is holding back the market.  

Many potential sellers believe that waiting until Spring is in their best interest, and traditionally they would have been right.

That hasn’t happened over the previous few years.

Demand for housing has remained strong as mortgage rates have remained near historic lows.  

The National Association of Realtors (NAR) recently reported that the top 10 dates sellers listed their homes in 2016 all fell in April, May or June.

Those who act

655 Views, 0 Comments

Where Are Roanoke Home Prices Headed

Where Are the Home Prices Heading in the Next 5 Years?

Today, many real estate conversations center on home prices in area cities like Roanoke, Trophy Club and the Alliance area and where they may be headed. That is why I like the Home Price Expectation Survey.

Every quarter, Pulsenomics surveys a nationwide panel of over one hundred economists, real estate experts, and investment & market strategists about where they believe prices are headed over the next five years. They then average the projections of all 100+ experts into a single number.

The results of their latest survey:

Now keep in mind these are national numbers but it's projected home values will appreciate by 4.4% over the course of 2017, 3.4% in 2018, 2.8% in 2019, 2.7% in

682 Views, 0 Comments

Selling Your Keller area home?

Thinking of Selling? Do it TODAY!!

That headline might be a little aggressive. However, as the data on the 2017 housing market begins to roll in, I can definitely say one thing: If you are considering selling, IT IS TIME TO LIST YOUR HOME!

The February numbers are not in yet, but the January numbers were sensational. Lawrence Yun, Chief Economist for the National Association of Realtors, said:

“Much of the country saw robust sales activity last month as strong hiring and improved consumer confidence at the end of last year appear to have sparked considerable interest in buying a home. Market challenges remain, but the housing market is off to a prosperous start as homebuyers staved off inventory levels that are far from adequate…”

583 Views, 0 Comments