Austin Real Estate Podcast with Jesse Myles: Recent Episodes
Jesse Myles, REALTOR®
If you are looking to buy or sell a home, get all the information and the latest updates, tips, and tricks from The Myles Group - your professional Greater Fort Hood Real Estate Agents.
Three steps to ensure a successful simultaneous transaction.Today we’re going to talk about how to buy a new home and sell your current home at the same time. Here are the three key points to think about when involved in this kind of transaction:1. Planning. Your plan should start at least four to six months in advance. Starting the process early will save you a lot of stress. Communication is crucial during this process, so we like to coordinate with our clients months in advance to make sure that we’re on the right path. Then you can prepare your home for sale because you never know when the perfect home is going to come to market.2. Commitment. Juggling both transactions on top of everything else in life is stressful, so you just need to commit to the process. You can lean on us for help because part of committing to the process is being educated about it. When clients we work with don’t expect what’s coming, it takes them by surprise, and they get frustrated.“Starting the process early will save you a lot of stress.”3. Execution. We sit down with our clients and explain the contingencies of the contract and write out a plan for the entire process. We may tell you some things you don’t want to hear at first, but if you trust the process and remember that we only have your best interests at heart, I guarantee you’ll be happy in the end.If you have any questions or are planning to sell and buy a home, call or email us as soon as possible so that we can start making a plan. We look forward to hearing from you.
Some things you should consider when thinking about buying a house.Today I’ll talk about whether you should buy a home or rent it. The answer depends on your specific situation. However, if you’re trying to decide whether or not to leap into homeownership, here are a few things you should consider:1. How long do you plan on living in this house? If you don’t plan on staying there for at least five years, then it makes more sense for you to rent a home than to buy one.2. Are you financially prepared to purchase a home? Do you have a down payment set aside? What is your credit score? How will a monthly mortgage payment impact your budget? If you are seriously considering buying a home, talk to a local lender and get pre-approved to see what exactly you can afford.“Your net worth will go up once you make the change from renter to homeowner.”While buying a home may seem expensive, there are many financial benefits to homeownership. By paying your monthly mortgage payment, you’re building up long-term wealth instead of just paying off your landlord’s mortgage. You also get several tax benefits when you own your own home. For example, your mortgage interest and property taxes are deductible. Your net worth would also go up once you make the change from renter to homeowner.Now is a great time to buy a home thanks to historically low interest rates. Your fixed mortgage rate won’t change, but rent increases with inflation. You’ll also have more flexibility and freedom. You may have to fix a leaky sink on your own, but you won’t have to worry about a landlord selling the property or raising the rent. You will be in charge of your home.If you’re curious about becoming a homeowner, give me a call or send me an email. I’ll be happy to answer any questions you have about your specific situation.
Zillow’s Zestimate tool is not an accurate estimate of your home’s value.
You really shouldn’t trust Zillow’s estimates. Zestimates give you an estimated value for your home, but these aren’t very accurate. According to Zillow’s website, Zestimates are only a starting point when determining a home’s value. They aren’t an appraisal, nor are they a final answer.
Their estimates are based on public and user-submitted data. This means that homeowners can go into Zillow and add home improvements to their property which could make it seem like their home is worth more than it actually is. These estimates are being tweaked and manipulated all the time. Zillow even admits that more than three-quarters of homes in certain counties have Zestimates that are off by more than 10%.
To know what your home is truly worth in the current market, contact a real estate professional like me to give you an accurate assessment based on current market conditions. Reach out to me by phone or email. I look forward to hearing from you.
Home inspections are a valuable tool that every buyer should use.
Today I’ll explain what a home inspection is. When you hire a professional inspector, they conduct a thorough review of the house’s most important components, such as the structure, the roof, HVAC, and the electrical system. This process usually takes at least a few hours.
A home inspection takes place after the seller accepts an offer to buy the house. You want to get the inspection done before the option period ends. That’s why it’s important to immediately schedule an inspection after the purchase agreement has been signed and executed. Home inspection costs range between $300 and $500, depending on the square footage of the home. The inspector will provide you with valuable information that could affect your decision whether or not to buy the property. That information can save you a lot of money.
If you have any questions about home inspections, feel free to contact me by phone or email. I look forward to hearing from you.
Here are three common mistakes to avoid when selling your home.
Selling a home is a major milestone in life, and the consequences of making a mistake can impact your finances and peace of mind for years to come. To help you avoid this stress, today I’ll discuss the three most common mistakes to avoid when you’re selling your home:
Mistake No. 1: Failing to understand the costs of selling. The total cost of selling a home can amount to even more than the 6% in agent commissions that most people pay. When you account for closing costs, repairs, and other concessions to the buyer, the cost of selling could be closer to 10% of the sales price.
“The cleaner, less cluttered, and better decorated your home is, the more appealing it will be and the more buyers will be prepared to pay for it.”
Mistake No. 2: Setting an unrealistic price. The price you want to get and the price the market is willing to pay can be two very different numbers. As a seller, if you can’t hit the sweet spot between the two, you risk leaving money on the table or having your home sit on the market for a long time, which can reduce how much you ultimately net. Your agent can help you find that sweet spot.
Mistake No. 3: Not preparing your home for sale. One challenge of listing your home on the market is showing it to prospective buyers. Generally speaking, the cleaner, less cluttered, and better decorated your home is, the more appealing it will be, and the more buyers will be prepared to pay for it. If you have questions about today’s topic or anything else, please call or email me. I’d love to help!
This is how long a typical home purchase takes to close in Texas.
A question I’m often asked by home seller clients is, “How long does it take to close on a home purchase?” In general, most homeowners can prepare to close around 30 days after an accepted offer. The buyer initiates the process by submitting a formal offer. Depending on the type of offer, the home may need to be appraised, inspected, or repaired before the lender will close on the purchase.
There are a lot of moving parts, so closing in faster than 30 days can be challenging. The lender will also need to gather financial documents from the buyer and finalize the loan. You can save time by accepting a cash offer, but it’s still a good idea to get an appraisal done. If a buyer or seller wants an extended closing for whatever reason, it’s all negotiable.
If you have any other questions for me, don’t hesitate to reach out via phone or email. I look forward to hearing from you soon.
Veterans with a VA rating of 100% no longer have to pay property taxes.
Here in Central Texas, if the VA has given you a rating of 100%, you no longer have to pay property taxes. What does that mean? Anywhere from $3,000 to $8,000 per year has been lifted from your mortgage payment; you are now just paying the principal and insurance on your loan. To learn more, watch this short video.
This is the difference between being pre-approved and pre-qualified.
What’s the difference between being pre-qualified and pre-approved? When you’re pre-qualified, the lender is going off the information you’ve told them: your name, social security number, income, bank account resources, credit score, etc. and they pull your credit score. Being pre-approved means the lender has verified all your information and looked at your documents such as tax returns, bank statements, and W2s. What you truly want is a pre-approval because it proves you’re legitimately qualified for a loan. Being pre-approved also looks better to a seller than just being pre-qualified.
If you have other questions about this or any other real estate matter, please contact me via phone or email. I would love to help you.
Here’s a significant factor to consider in your home-buying decision.
In my opinion, the decision to buy a new or a resale home depends on what you’re looking for and the lifestyle you want to have.
With a resale home, you can get a home in an established neighborhood with character. You’re also going to generally get more land with these homes compared to a brand-new subdivision.
“A new home is a reflection of your style and preferences.”
With a new home, you get to live in a home you designed, and it is a reflection of you. If it’s in a new neighborhood, you can watch that place grow over the years. Another advantage is the lack of deferred maintenance. All the systems and other major items in a new home will have a builder’s and manufacturer’s warranty because they’re brand new.
At the end of the day, every situation is different. If you have any questions for me about buying, selling, or real estate in general, don’t hesitate to reach out via phone or email. I look forward to hearing from you soon.
Here are three things to consider when pricing your property for sale.
It’s crucial to price your home correctly when selling because you don’t want it to sit on the market for very long, as this causes other issues. First, consider the condition of your house; make sure it’s clean and all major repairs have been done. Second, think about your property’s location; is it on a cul-de-sac, a corner lot, or in a desirable school district? Third, consider what’s happening in the current market; what is it dictating?
If you have any questions concerning pricing your home or real estate in general, feel free to give me a call or send an email. I would love to help you.
Here’s my advice on which home renovations to pursue for a great ROI.
In my opinion, the two most important areas to renovate in your home are the kitchen and the master bathroom. Potential buyers will have their eyes on many things in your kitchen including cabinetry, countertops, appliances, and flooring. As far as the master bathroom is concerned, they’ll be paying special attention to upgrades that help make it feel more like their own personal space (e.g., sleek showers, jacuzzi tubs, and modern fixtures).
Investing your time and money into upgrading these two areas of your home will almost certainly yield a solid return. Even if you don’t plan on selling your home until much later down the line, making these renovations now will still mean more time for you to enjoy them yourself. Before you throw your money at any sort of major undertaking, though, it’s best to consult with your go-to real estate resource; depending on your neighborhood, you could run the risk of over-renovating your property.
As always, reach out to me if you have further questions about this or any other real estate topic. I’d be more than happy to discuss your particular situation and help you plan for a strategic renovation.
Here’s how home appraisals work and why you don’t need to be nervous.
A lot of homebuyers get nervous about home appraisals and want to know what their options are if a home doesn’t appraise. The appraisal is geared to protect the homebuyer and the bank. The bank will hire a third party to run the appraisal to make sure the home’s value supports the amount of the loan, ensuring you don’t overpay. The appraiser will look at the home’s condition to make sure it’s comparable to the value of other homes that have recently sold in the market.
“The appraiser is geared to protect the homebuyer and the bank.”
At the end of the day, the appraisal process is nothing to be worried about on either side. It’s just there to protect homebuyers and their lenders.
If you have any questions for me, don’t hesitate to reach out via phone or email. I look forward to hearing from you soon.
Here’s what it takes to prepare your home for the 2021 spring market.
If you’re thinking about selling your home in spring 2021, one of the first things you should do is specify a clear target date—by what point exactly do you need to have your home sold? After that, take a look at your home’s curb appeal; make sure everything concerning your landscaping and exterior is in tip-top, showable shape. Slowly work your way inside, turning your focus toward decluttering rooms and organizing your belongings. Store, toss, or donate items that you don’t use anymore and might distract potential buyers from your home’s great features. Your goal is to trigger the emotions of a buyer by allowing them to easily envision their lifestyle in the home.
Next, start tackling some of those maintenance issues that you’ve been putting off for a while like loose fixtures, cracked windows, and water spots on the ceiling. Dealing with any major repairs is a must, even in a strong seller’s market like ours. If you do those simple things, your home will be ready for the spring market, and you can expect to sell quickly for top dollar.
As always, reach out to me via phone or email with any questions or real estate needs you may have. If you’re embarking on a 2021 home-selling journey and want some guidance, I’d love to get the conversation going today.
Here are a few signs that likely indicate it’s time for a new home.
Life quickly throws many things at us and we undergo many changes as a result. One of these changes is moving homes, and there are usually clear signs when it’s time. If the kids have all moved out, for example, it’s probably time to downsize. On the opposite end, if you’re having kids and need more room, then you should start exploring the market for something bigger.
If you have any questions for me about your personal situation or about real estate in general, don’t hesitate to reach out via phone or email today. I’d love to hear from you.
Here’s why commission fees shouldn’t determine which agent you work with.
Should commission fees be the main determinant of which agent you choose to work with? Think of it this way: If you can out-negotiate the person you’re hiring to negotiate the biggest asset you own, should you work with them? What kind of service can you expect at a discounted price? Will they bring you discounted buyers, as well? If an agent is willing to give away their money, imagine what they’ll do with yours.
As always, if you have questions about this or any real estate topic or are thinking of buying or selling a home soon, don’t hesitate to reach out to me. I’m happy to help.
What should you do when there are issues with your appraisal? Find out here.
Sellers, do you know what happens if there’s an issue with your appraisal? There are really two main appraisal issues that come up during the selling process:
- The home doesn’t appraise at the list price or contract price. In this case, your listing agent can show the comps they used when they did your comparative market analysis versus those the appraiser used, and then submit them to the appraiser. There are sometimes homes that weren’t posted on the MLS that your agent has information on that the appraiser didn’t.
- The lender requires repairs. During the option period after the inspection report is done, your listing agent and the buyer’s agent should go through the report and identify the repairs ahead of time. That way, everything is fixed and well-prepared before the appraiser comes out.
If you have any other questions about what to do if your appraisal comes back with an issue, feel free to contact me.
Here’s what you must remember when choosing between multiple offers.
As a seller, what’s the best way to choose between multiple offers on your home? There are a couple tips to keep in mind.
First, make sure your offers are organized. For example, you can try having your offers on a spreadsheet so you can easily identify which has the most earnest money, which has the highest price overall, etc.
“You must lean on your Realtor to help you decide.”
Second, make sure your Realtor “plays detective” with each buyer. They should be talking to each of their agents and asking questions about them. They should also talk to each buyer’s lender and learn more about their financial situation. This will give you a better idea of how strong each buyer is, and your Realtor should know which questions to ask without crossing the line.
After gathering this information, you and your Realtor should be able to choose the best offer. Don’t get fixated on an offer that’s way above your asking price, either. Offers like these sometimes cause your house to not appraise.
When it comes to choosing between multiple offers, the bottom line is that you must lean on your Realtor to help you decide.
If you have questions about this or any other real estate topic, don’t hesitate to reach out to me. I’d love to help you.
There are many things to think about before moving to a new area—what should you consider before moving to Central Texas?
What should you consider before moving to Fort Hood and the surrounding areas?
I moved to Fort Hood in 2005, and a couple of things I really thought about before deciding to plant roots in Central Texas were affordability and whether this is a good area to raise my family in, with great schools and amenities.
The answer is that Fort Hood has great amenities and plenty to do! Austin is about an hour’s drive away, Dallas is within two and a half hours, and Houston is about three hours away. You can get to many different events, sports, and concerts for a day trip.
“We have a wonderful community that just keeps growing.”
Another thing to think about is the outdoors. There are many lakes and hiking trails here. For community events, there are plenty of things going on for families. We have dog parks and a new YMCA. We have a wonderful community that just keeps growing. Central Texas has developed a lot and has secured a piece of my heart.
If you have any other questions give me a call or send me an email, I would be happy to help you.
If you’re a real estate investor, you might be wondering when you should be raising your rent? Here are a few situations where I recommend doing so.
In my opinion, the best time to raise the rent on your investment property is on a few different occasions. The first is on annually. The second is when you make any improvements or add any amenities to the property. Finally, any time that you notice the market is headed up, you want to stay competitive with other properties as well by increasing your rent. If you have any other questions or would like more information, feel free to give me a call or send me an email. I look forward to hearing from you soon.
Should sellers still host open houses? Let’s explore this question today.
In today’s digital age, many sellers are no longer sure whether open houses are worth hosting. However, in my professional opinion, open houses are the No. 1 source of advertising a listing can have. Open houses are a low-pressure alternative to one-on-one showings. Not only that, but open houses also generate a lot of foot traffic and allow buyers to simultaneously see the home and their competition in person. This helps boost demand for your home. The bottom line is yes: Open houses are still a great marketing tool. If you have any other questions or would like more information, feel free to give me a call or send me an email. I look forward to hearing from you soon.
Venturing out into the world of real estate investing starts with these steps.
If you’re thinking about investing in real estate, where and how do you start? Before anything else, you’ll need to decide what type of investor you wish to be: a house flipper, one who buys and holds property for rent, or a wholesaler. Your next move should be to sit down with a real estate professional and map out your goals. For example, if you’d like to buy and hold property and your goal is to make x amount in passive income, you and your agent can work together to determine the number of properties you’ll need to invest in. Get laser-focused and get in touch with an agent to begin your investor journey today.
If you have any questions or would like more information about your investing options, please don’t hesitate to reach out to me. I’d be happy to help!
You’ve got your sights set on buying a new home, but where do you begin? Your first priority should be to get pre-approved with a mortgage professional. That way, you’ll know the extent of your purchasing power. Once you know how much house you can afford, bring this information to a real estate professional who will then show you homes that are within your means. From there, you can begin to narrow down your search and reach a decision. If you have further questions or you’re looking to get the home buying process started soon, please feel free to reach out to me. I’d be happy to help!
Before you start your home search, you need to determine your housing needs. To figure this out, there are a few questions you can ask yourself.
The first is what price point do you want to be at? The price that you pay for your new home will dictate your monthly payments, so you should be comfortable with the amount.
You should also ask yourself how big of a home you and your family will need. How much square footage and how many bedrooms would your ideal home have? What about outdoor space?
“Everybody has a dream location in the best neighborhood, but many people don’t have the budget to match.”
Next, consider where you want to live. Everybody has a dream location in mind at the start of their home search, but many people don’t have the budget to match. Nevertheless, an experienced Realtor will be able to help you find the perfect neighborhood, keeping in mind the amenities that matter most for you and your family.
If you have any questions about this, or if you’re interested in buying or selling, please feel free to reach out to me. I look forward to speaking with you soon.
There are a lot of tips out there regarding what you should do when it comes time to sell, but today I’d like to highlight a few things sellers shouldn’t do. Let’s take a look at the four major mistakes you should avoid when listing.
- Pricing too high. Overpricing your home will cause it to sit on the market for an extended period of time, and will likely cause you to lose money in the long run. You’re far better off working with an experienced agent who can help you set a fair price. Doing so will be the key to earning top dollar.
“A car dealership wouldn’t try to sell a vehicle without cleaning it up first, and sellers should take the same approach to listing their home.”
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Not making any home improvements before selling. A car dealership wouldn’t try to sell a vehicle without cleaning it up first, and sellers should take the same approach to listing their home. You should always clean, declutter, and depersonalize your home before putting it on the market.
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Using insufficient marketing. A low level of exposure can greatly damage your listing’s potential, so make sure your Realtor is devoting enough time and energy into drawing buyers toward your home.
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Not following your Realtor’s advice. Many sellers believe that they know best. But watching HGTV or doing research on Google isn’t the same as being an experienced, knowledgeable agent. When it comes time to sell, always listen to your agent’s input.
If you have any other questions or would like more information, please feel free to give me a call or send me an email. I look forward to hearing from you soon.
Today I was recently joined by my good friend Brandi Stokes to talk a little bit about the advantages of buying a home with her company, Cameo Homes.
Cameo Homes has been building custom homes in the area for over 50 years and is one of the most respected custom home builders in the area. They build for people of all ages and budgets and a big part of their client base is referral and repeat homeowners.
What sets Brandi apart is the fact that she always tries to put herself in her customer’s shoes. She doesn’t just want to know how many bedrooms or bathrooms someone needs, she wants to know how they’re going to use the home so she can get some better ideas about how to make the home more efficient for them.
“Few builders in the area have the experience that Cameo Homes has.”
Since we are in such a highly-populated military market, the fact that her husband is active-duty military helps her relate to her clients more easily and use her experience to help educate potential homebuyers. Education is key when it comes to building a custom home, and Brandi understands this and makes it a priority.
Not a lot of other builders have the experience that Cameo Homes has. Because of this, they have a lot of flexibility with their floorplans to customize them for each individual client’s needs. Although Cameo Homes isn’t a high-volume home building company, they are a high-quality home building company. Whether you’re in Caline, Coe, Belton, and the surrounding areas, they’re able to help home builders make their dreams a reality.
Their prospective homeowners come in with and without land. Deciding where you want to live is a big decision because 95% of the homes that Cameo Homes builds are forever homes.
To learn more about Cameo Homes and how they might be able to help you, visit their website here or give me a call or send me an email today. Stay tuned for part two of this series, which will be coming out in a few weeks.
What kind of floor plans do you have?
There is a multitude to choose from, and you can see a small selection on our website. Those are the ones we’ve been building throughout the last decade. They’re customizable, and just because you see it one way on the website doesn’t mean it has to be built that way. We talk to homeowners about how big of a space they’re looking for, special rooms they want, etc., and from there we simply make modifications to our floor plans to accommodate the changes. We want to build you a home where you can make use of every space.
What are the most popular floor plans?
It may sound silly, but it’s usually whichever ones are seen. People are visual, and as custom home builders, we don’t have every floor plan under construction at one time. I can show a floor plan on paper, but if I walk someone through an actual place they can get a physical sense of a home. Lately, the most popular plan has been the San Gabriel, which has a media room. The only thing is that it’s a very wide floor plan, so there has to be a lot big enough to accommodate it. The Comel, Bosque, and Salinas are also quite popular.
“95% of the homes we build are forever homes, so we think longevity.”
What rooms do your clients like to customize the most?
They like to customize kitchens and bathrooms—the master bathroom in particular. 95% of the homes we build are forever homes, so we think longevity. There may be a potential of wheelchairs or walkers in the future, so we need to keep that accessibility in mind. We think long-term and pray it’s not the case, but we plan for it anyway.
How often do clients almost go over budget?
They almost go over every time. I always tell my homeowners to dream big; I don’t want to tell you what you can and can’t put in your home, but I can guide you. The important side of my job is the guidance I give. Appraisers don’t care about all the pretty things you want in your home—they look for energy efficiency, spaces, etc. We can give you the nice things you want, but some deeper conversations may need to happen to really weigh the options.
How long does it typically take to build new?
For some people, the time from them walking through my door to them living in their home is a year. It’s dependent on whether or not we need to find land. It takes about six to nine months after we go to contract (when land, a floor plan, and selections have been decided upon).
Why do you like working with clients and their Realtors?
It takes a lot of stress off of me. It helps a lot when finding the right neighborhood or piece of land, and we know they’re being brought in as pre-qualified homebuyers with the money to afford a home. I don’t have to have that awkward conversation. Realtors also help to set the tone for us and act as a point of contact for clients.
See what Cameo Homes has to offer you by visiting www.cameohomesdf.com.
I entered the real estate industry back in 2006 while I was still on active duty in the military; I had just been stationed at Fort Hood. I knew a good Realtor who explained the whole home buying process to me, and that piqued my curiosity. After I bought my house, I stayed in contact with that Realtor.
Eventually, I became a licensed real estate agent. I discovered that I enjoy the old army Senior (NCO) in me—I like helping people. I enjoy sitting down at that first consultation with people, explaining to them the homebuying process, and taking them under my wing and offering guided protection for their first large purchase.
“As an agent, I stand out from others because I really listen to what clients want.”
As an agent, I stand out from others because I really listen to what clients want. It’s not about pushing them into a home that they don’t want. I listen to the needs of my clients and go above and beyond to make sure they get them.
After spending 20 years in the military, I now understand the fear of settling down and feeling stuck. I can put myself in the shoes of people who feel that way since I have been there, and I can help them develop perspective.
I love many things about my job: I love meeting new people and helping them, especially younger, first-time homebuyers, since that is such a critical event in someone’s life.
If you have any questions about my career or about buying or selling a home, please feel free to reach out to me. I would be glad to help.
How do property taxes affect your monthly payments? This is a topic that many people are unclear about, so I’d like to shed some light on it today.
If we have a $200,000 home where the interest rate is 4%, and the mortgage is set over a period of 30 years, your regular payment (without taxes and insurance) would be about $955.
“When it comes to figuring out how much you’ll pay per month for your home, factoring in property tax and insurance make a big difference.”
Now suppose that your property tax is 2.5%. You would multiply that $200,000 by 2.5%, leaving you with $5,000. Since there are 12 months in the year, divide that $5,000 by 12, which would be $416.66.
Now that you have that figure, add it to the $955 monthly payment. That means that you’ll pay $1,371.66 per month.
However, don’t forget your insurance. Supposing your monthly insurance payment is $50, you’d add it to the last figure, totaling a $1,421.66 monthly payment.
When it comes to figuring out how much you’ll pay per month for your home, factoring in property tax and insurance make a big difference.
If you have any questions about calculating property taxes or how to figure out your total monthly payments, don’t hesitate to reach out to me. I’d be glad to help.
I love working with For Sale By Owner (FSBO) homes. It’s really just somebody asking for help. A lot of these homeowners don’t realize that hiring an agent will actually help them net more when they go to sell.
Although you do have to pay an agent a percentage of your sale price to your agent, the cost of sitting on the market without an agent could easily be much higher. In many cases, you could sell much quicker and for much more money by hiring an agent in the first place.
“Buyers who peruse FSBO homes are looking for deals.”
Another big benefit of having a licensed Realtor in your corner is their negotiation skills. They could end up getting you much more money, thus saving on the commission you were worried about.
The buyers who look at FSBO homes are looking for good deals. They think that because they aren’t buying a home from a professional, they will get a great deal. It’s similar to the difference between buying a watch at a jewelry store and buying one at a garage sale. You’re automatically going to haggle the price at the garage sale, but you won’t in the jewelry store because you’re buying from a professional. The same concept rings true in the real estate world.
If you want to learn more about the benefits and disadvantages of selling your home FSBO or anything else about our real estate market, don’t hesitate to give me a call or send me an email. I look forward to hearing from you soon.
Today we’re going to talk about some of the common costs that people tend to forget about when buying a new home.
- Home inspection. If you’re buying a home, you’ll need a home inspection, and you’ll need to pay for it. Many people forget to budget for the cost of a home inspector.
“Don’t forget these things if you plan on buying a home soon.”
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The earnest money and option money.
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The actual cost of moving. This includes movers, moving trucks, new furniture, and everything else you’ll need to transport to your new place.
If you’re in the market to buy a home, don’t forget those things. If you have any questions for me or want to get more details on the process, don’t hesitate to reach out and give me a call or send me an email. I look forward to hearing from you soon.
Today we’re going to talk about how to sell your home if you own a pet. A lot of folks really don’t think that it’s possible because of all the odor, dandruff, and damage. However, you can overcome this in three easy steps:
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Have the interior of your home professionally cleaned. Get a professional crew in to clean all of the carpets, drapes, and furniture to help get rid of the pet odor.
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Make sure any pet damage is repaired. Whether the damage is to walls, carpets, or outdoor areas, get those things fixed. It will pay big dividends when it comes to the final sale price.
“Remove all signs of your pet before showings.”
- Take the pet somewhere during showings. Remove your pet and all signs of them from the premises while your home is being shown. A lot of people are allergic or get nervous around them. If they’re out of sight and out of mind, things will be a lot easier for you.
There are my top tips. If you have any questions for me in the meantime, don’t hesitate to give me a call or send me an email. I look forward to hearing from you soon.
Open houses are a great way to get exposure for your home and allow people to come in and see themselves in your home. What are some things you can do to prepare for the open house and help sell your home?
First of all: declutter. Make sure that the house is clean and that all knickknacks are put away. In a sense, you’ll want to sterilize the home; take down all personal pictures to allow the buyer to visualize themselves and their stuff inside the home.
If you have pets, you will want to take them to Petsmart or the dog park during open houses. They should be out of the way during the open house.
“You and your pets should get out of the house while the open house is going on.”
As the seller, you should also be out of the way. Go somewhere else during the open house. Believe it or not, a casual conversation with a prospective buyer can kill your ability to negotiate down the line. You might mention your motivation for selling the home. You might say, “We’re really excited, but we have to be out of here in 30 days. We’d do anything to get rid of this home.” That will not do you any favors when it comes time to negotiate a price for your home.
Finally, make sure that you take care of your lawn. Pull weeds, make sure your flower beds look nice, and cut the grass. Get all of the toys out of the driveway and make sure everything looks nice and pristine. If your home has great curb appeal, more buyers will want to come in and check out the open house.
If you follow these tips, you will be all set for a successful open house.
If you have any other questions about selling your home or about real estate in general, just give me a call or send me an email. I would be happy to help you!
Have you ever had a friend or someone that you know who, when they’re sick, will use a website like WebMD? They always end up having a horrible disease.
In my opinion, Zestimates are kind of like that. You go online and get just a ballpark figure of what your home is worth. You’re not really getting the truth.Zestimates only come from an algorithm of public information.
“Zestimates only come from an algorithm of public information.”
The best way to get the truth is to contact a Realtor and have them come over to do a fair assessment of your property by looking at it. That way, you’re finding out if, say, the upgrades you’ve made in your house help improve the value. They’ll also consider the neighborhood condition, which also affects property value.
Those are things that Zillow can’t do.
If you want a fair estimate of your home’s value so that you can get a better price for it or if you have any questions, feel free to reach out to me. I’d be glad to help.
The greater Fort Hood area differs slightly than most markets in the rest of the country in that we’re in a buyer’s market. With all the new construction happening in our area, there are three ways you can take advantage of the competition. The competition, of course, being the builders.
First, you can price your home to include the closing costs. Buyers will probably ask for the closing costs to be paid for, so you can prepare for that in your pricing. New home builders are also offering to pay all closing costs, but sometimes they prefer to use their own lender.
“Price your home to include the closing costs.”
Second, remember as a resale home seller that you probably have more land to offer than a new construction property. You’ll also have the benefit of selling in an established neighborhood.
Finally, try to be flexible. Consider the neighborhood and area your home is located in an negotiate to its strengths.
If you have any questions about how to negotiate your home sale or you have any other real estate topics you’d like me to address, feel free to call or email me anytime. I’d be happy to help you.
How should buyers deal with multiple offer situations to get theirs accepted? Here are a couple tips and tricks that I use:
- Go in with high option money.This will show the sellers that you’re serious about the deal.
“Going in with high option money will show sellers that you mean business.”
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Accept the house as-is.This can be risky, but it will be an attractive option to sellers.
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Don’t ask for closing costs to paid for by the seller.This will make yours a very competitive offer in the seller’s eyes.
My final thought on multiple offers is that while you’re going in with the understanding that you might not have yours accepted, you also need to look at the home. Sometimes you might wind up paying a little too much for that property, just out of the desire to lock down that home.
If you have any further questions, feel free to contact me. I’d be happy to help.
Happy holidays to you! The holiday season has officially arrived. I hope you enjoy this wonderful time of year and make some fantastic memories with your family and friends.
“Happy holidays to you!”
I just wanted to take a moment to thank you for your continued support. I love helping people make their real estate dreams come true, so thank you for working with me. This may be a busy time of year, but we are always here to help you and answer any questions you may have.
Just give me a call or email. And in case I don’t hear from you, have a happy New Year!
If you plan on selling your home, there are a few things you can do to increase its value.
First of all, certain upgrades will definitely increase your home’s value. Focus on areas like the kitchen; install granite or quartz countertops. You can also install new flooring. Fixing up the bathroom will always help out when you are trying to reach a certain price point for your home.
Next up, make sure you pay attention to curb appeal. Your landscaping needs to be just right. You should not have any overgrown grass or weeds in the flowerbeds. Keep everything on point and looking nice and pretty.
Finally, you can always let your neighbors know that you are thinking of selling. See if they will pitch in by cleaning up their areas or making the overall neighborhood more appealing to homebuyers.
“Your neighbors can help by keeping the neighborhood nice and neat.”
If you have any other questions about your home’s value or selling in our current market, just give me a call or send me an email. I would be happy to help you!
I have a lot of clients in our area who face a specific situation–they want to upgrade into a bigger home or downsize into a smaller one, but they have to sell their current home first. Here are a couple suggestions I typically make to them to help them successfully complete this process.
“These are the same suggestions I make to my own clients.”
First, if you’re building a new home, you and your Realtor can put a contingency in the contract that allows your home to sell either before or during the construction of your new home.
If you’re a veteran and you used a VA loan to purchase your first home, your loan goes up to $424,000, so you still have entitlement left after you bought that home. This gives you two options. The first is to use the remaining entitlement to put 20% down on your new home. The second is to refinance the home you originally bought into a conventional loan, which will free you up to use the full $424,000 of your VA entitlement.
If you have any more questions about how to buy and sell a home at the same time, or if you’re curious about what’s happening in our market, don’t hesitate to reach out to me. I’d be happy to help you.
How can you buy a home with no money down? There are a few different options.
First of all, if you are a veteran, you can get a VA loan. Once you get the VA loan, your Realtor will negotiate for the seller to pay closing costs. If the seller pays all of the closing costs, you can buy the home without any money coming out of your pocket.
If you are not a veteran, there are two ways you can purchase a home with no money down:
1.) Find a lender that can help you with an FHA down payment assistance program.
2.) If you are buying in a rural area, you can apply for a USDA loan, which provides 100% financing.
“Some loan programs provide 100% financing or down payment assistance.”
Those are just a few ways to purchase a home with little to no money down.
If you have any other questions about buying a home, just give me a call or send me an email. I would be happy to help you!
Do you have a friend who uses WebMD when they are sick to diagnose them without consulting a doctor at all? That’s kind of like using Zillow to get the value of your home without speaking to a real estate agent. You might be right, but chances are that you’re not. In fact, you might be way off.
“Zillow has a lot of missing information that’s important to your home’s value.”
Zillow and its Zestimates are good for getting a ballpark figure for what your home is worth, but you’re not really getting the truth. The only way to get your home’s true value is by contacting a Realtor to have them come take a look at the home in person. They will be able to assess the home’s location, condition, and all of its upgrades. Zillow doesn’t look at any of this, even though it plays such a vital role in determining your home’s value.
If you’d like a complete market analysis done for your home that will let you know exactly what its market value is right now, give us a call or send us an email. We’d be more than happy to help.
I’ve got a few quick tips to share today that all first-time homebuyers should know. My top three tips are:
- Align yourself with an agent who really knows the market and has your best interests at heart.
“Align yourself with the right agent.”
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Go through the pre-approval process before you start looking at homes so you can get a better idea of what you can actually afford.
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Think about location. If you have a specific location in mind, you should start your search there.
If you have any additional questions for me, don’t hesitate to reach out and give me a call or send me an email. I look forward to hearing from you soon.
I’m here today to quickly walk you through the steps of buying a home. Whether you’re a first-time buyer or just need a refresher, here’s how that process should look.
“This is how the process should look.”
First, you need to make the decision to buy a home. Easy enough, right? After you’ve decided to buy, you’ll need to hire the right agent to help you through the process. This is a crucial step. After you’ve chosen an agent, they will be able to help you secure financing for your home by choosing a lender.
After you’ve picked out a lender, it’s time to start looking at homes. The process might take a while, but once you find one you like, you can make an offer right away. Your agent can improve the terms of your offer to give you a better shot. These include increasing the price, increasing the earnest money, and negotiating repairs with the seller.
Once all the due diligence has been completed, it’s time to close on the home and sign on the dotted line. After it’s in your possession, it’s time to protect your investment with a brand new home warranty.
If you have any questions for me or need any help buying or selling a home in Austin, give me a call or send me an email. I look forward to hearing from you.
People often ask me what it takes to be considered a good real estate agent. It’s actually quite simple.
First, you need to be a good listener. You have to be able to listen to your clients. You also have to be a problem solver. Understand what your clients are saying, what they are looking for, and then match them to the perfect home.
It’s important that you help them find something that fits their needs. Don’t try to be a pushy salesman.
“A good agent will put your needs before their own.”
Be honest and have integrity. You have a duty to put your clients’ needs before your own.
What traits should you look for in an agent if you’re looking to hire one?
Your agent needs to be a good communicator. After all, your agent has to deal with other agents and a number of other people during the real estate process. They also need to be good at negotiating repairs or terms to make the deal happen.
A proactive agent has the foresight to see problems that may arise and nip them in the bud.
Finally, get a Realtor that really knows your market and understands what’s going on.
If you have any other questions about finding the right agent or what it takes to be a good agent, just give me a call or send me an email. I would be happy to help you!
What are the five main steps of the home buying process?
The first and most crucial step, of course, is deciding that you want to buy a home in the first place.
Second, hire a professional agent such as myself who will educate you on market conditions, analyze what your housing needs are for you and your family, guide you to the appropriate price point, and help you through negotiations.
“The right agent will look out for your best interests throughout the transaction.”
Third, get pre-approved. During the pre-approval process, you want to find the right lender who will look out for your best interests.
The fourth step is to find the right home and make an offer. During this time, your agent will negotiate the terms of your offer and gather up all of your forms—such as your tax returns, W-2s, forms of identification—and give them to your lender. This will help secure your financing. Your agent will also negotiate certain repairs you might find during the home inspection.
The fifth and final step is closing on the home. This is when you’ll head over to the title company and finish all necessary paperwork. Congratulations, you’re a homeowner!
If you have any questions about the home buying process or you’re looking to buy or sell a home, don’t hesitate to reach out to me. I’d be happy to assist you.
There are a few vices that you want to avoid if you want to sell your home.
First, make sure you don’t overimprove your home. If you want to do a large master bathroom remodel or kitchen remodel, then I would recommend finding out what’s going on in your neighbors’ houses. What does your neighbors’ bathroom look like? What does their kitchen look like? Similar houses in your neighborhood will really determine the value of your property.
If you do proceed with a remodel, don’t remodel without permits. If you don’t get the proper permits, then you allow the buyer to doubt that the work was done by licensed professionals. If they are worried about the quality of the remodel, then chances are you will get a lower bid or price.
Don’t limit your showing hours. Buyers have busy schedules just like you do, so it’s important that you are flexible with your showing hours in order to get the maximum exposure on your home.
“Make sure that you follow your agent’s advice.”
Finally, make sure that you follow your agent’s advice. A lot of folks don’t want to follow their agent’s advice, but your Realtor is a professional. You are paying them to sell your home. You have to trust and have confidence in their knowledge of the area.
By avoiding these problems, you will have a successful home sale. If you have any other questions, just give me a call or send me an email. I would be happy to help you!
If you want to buy a home in the near future, there are few lousy habits you should ditch right now.
Leaning too hard on credit cards: Don’t max them out; instead, keep them around a 30% utilization rate to minimize the effect on your credit. Late payments: I hate to say it, but people still do it. Believe it or not, late payments hurt your credit score! You need to borrow a lot of money to buy a home, so what better case to make for yourself than making your payments on time to show you can handle a house payment? Opening too many lines of credit: This won’t help your case at all and will affect your credit score dramatically.
“Stay at your job until you close on your home, no matter how bad the situation seems.” Job hopping: If you’re trying to get a mortgage and using your job as income to qualify, don’t leave that job! Stay there no matter how bad the situation feels at the time. Wait until you get the house of your dreams to get a new job if you leave. Student loans: They always seem to come up and keep people from getting a home. Start paying off those loans right now. Keeping a low bank balance: Stuff happens in life. Cars break down, dogs get sick, and all other sorts of things can pop up. Having an emergency fund will mean those emergencies won’t be emergencies anymore because you’ll have the money for them. After you buy your new home, you can use this reserve money to make updates or renovations as well.
If you have any other questions about preparing to buy a home, don’t hesitate to give me a call or send me an email. I’d love to help you!
What’s happening in our local market?
Right now, we’re in a buyer’s market. That means there are more homes on the market than there are people looking to buy homes. If you’re a buyer, now is a great time to make your move. Interest rates are also low, which only adds to the appeal of buying a home.
“If you’re a buyer, right now is a great time to make your move.”
If you’re a seller, you can still sell your home—you’ll just need to work a little bit harder and price your home competitively.
If you have any questions about our market or are thinking about buying or selling, feel free to give me a call or send me an email. I’d be happy to help!