Dallas-Fort Worth Real Estate Podcast with The Good Home Team

Should you live in a multi-generational home? Let’s discuss. Want to sell your home? Get a FREE home value report Want to buy a home? Search all homes for sale Multi-generational living has existed since the dawn of civilization, but this trend has only recently re-emerged here in the United States in the form of multi-generational properties. If you’re considering buying or building this kind of home, there are a few points to keep in mind before you do so.  Cited below for your convenience is an outline of our discussion, with timestamps so that you can skip ahead to the section(s) that interest you the most: 0:00 - Introducing today’s topic  0:55 - What multi-generational living is and why it has recently surged in popularity 2:09 - Is it better to buy a multi-generational home or to build one? 2:44 - The most significant factor many multi-generational buyers look for: size 3:35 - The second most significant factor many multi-generational buyers look for: privacy 6:04 - A few common challenges of multi-generational living 7:13 - Wrapping things up and explaining how we can help you find a multi-generational home If you have any other questions or would like more information, feel free to give us a call or send us an email. We look forward to hearing from you soon.

iBuyer companies have become increasingly common in our market, but this supposedly convenient way to sell is actually more trouble than it's worth. Want to sell your home? Get a FREE home value report Want to buy a home? Search all homes for sale You’ve probably heard of companies like Opendoor and Offerpad, which claim to offer a fast and convenient alternative to the traditional home selling experience. However, is working with one of these “iBuyer” companies really the best way to go about selling your property? Actually, there are some significant drawbacks to this arrangement.  One of the most obvious disadvantages is that you’ll earn less for your home. These companies use automatic valuation tools, like the one behind Zillow’s highly inaccurate Zestimate feature, to determine the price they’ll pay for your home. Usually, this figure is between 10% and 20% below your home’s fair market value. So why would anyone work with an iBuyer? Well, in fairness, selling outright to one of these companies can be a more expedient option than listing on the open market. Sellers in urgent need of a fast sale may look to iBuyers as a convenient solution. At the end of the day, iBuyer companies are nothing more than glorified house flippers. ” This sounds great in theory, but there is a catch. Even if an iBuyer’s initial offer seems reasonable at first, you’ll find that they compensate for this by charging a 6% to 13% “convenience” fee. In other words, not only do iBuyers offer less than you could earn by listing with an agent, they also charge more than a typical Realtor’s commission. To give you an example, take the story of one of my past clients. This client had a home worth approximately $325,000. The iBuyer company they were thinking of working with came in with an initial offer of $318,000, which, at first, my client was thrilled about. It was only when they noticed the fine print in their contract that they learned this is not the figure they would ultimately earn. Not only was the iBuyer going to charge them a 7.5% convenience fee, but they were also going to knock the price down based on issues found in the home inspection. When all was said and done, this would have amounted to a $33,000 reduction from the initial offer price. At the end of the day, iBuyer companies are nothing more than glorified house flippers. If you truly want a fast, convenient deal, then reach out to my team and me about our guaranteed home sale program. Essentially, we guarantee we’ll sell your home in 39 days or less, or we’ll buy your property ourselves.  If you have any other questions or would like more information, feel free to give us a call or send us an email. We look forward to hearing from you soon.

What’s the latest news in our Dallas area market? Let’s take a look today. Want to sell your home? Get a FREE home value report Want to buy a home? Search all homes for sale In today’s Facebook Live interview, I’ll be going over the latest numbers and stats in our Dallas real estate market. For your convenience, I’ve included timestamps of today’s market update. Feel free to navigate to the section(s) you’re most interested in viewing: 00:27 — What’s going on in the market currently? 01:33 — How are inventory levels? 02:20 — What does increasing inventory mean for you? 03:27 — The trends I see that aren’t being reflected in the numbers 05:23 — How to contact me 06:31 — How to get housing reports for your area If you have any questions or would like more information, feel free to reach out to me. I look forward to hearing from you soon.

How can you make the most money from your home sale? Here’s what I recommend. Want to sell your home? Get a FREE home value report Want to buy a home? Search all homes for sale Now that the spring selling season is at our door, a lot of sellers have been reaching out to me to find out how they can net the most on their upcoming home sales. Today I’ll be giving you an in-depth look at what you’ll need to do in order to have a show-ready home that will sell for top dollar in our market. For your convenience, I’ve included timestamps of today’s conversation. Feel free to navigate to the section(s) you’re most interested in viewing: 00:05— An introduction to today’s topic 00:53— Homes need to be presentable 01:25— Marketing needs to be done differently 02:22— How our new partner can renovate and update your home 03:45— Which option is best for sellers with out-of-date homes? 06:04— How to find out what works best for you 07:00— How to contact me If you have any questions or would like more information, feel free to reach out to me. I look forward to hearing from you soon.

In a recent interview, I covered a few important questions about the state of our market. I’d like to share this full conversation with you today. Want to sell your home? Get a FREE home value report Want to buy a home? Search all homes for sale Now that 2019 is well underway, it’s time to review some market trends we’ve observed so far. I recently sat down for an interview on the subject, and I’m excited to share the full conversation with you today. Cited below for your convenience are timestamps that will direct you to various points in the video. Feel free to watch the full message or use these timestamps to browse specific topics at your leisure:  0:24 — How is the market right now in general? 1:42 — What are some strategies sellers can use to sell quickly and for top dollar? 4:48 — What’s on the horizon for our Dallas area market? 6:12 — How does today’s market compare to a typical one? 6:42 — How to contact the Good Home Team If you have any other questions or would like more information, feel free to give us a call or send us an email. We look forward to hearing from you soon.

Buying a new home comes with a new set of challenges that you won’t see with a pre-owned property. Here’s some advice on what you need to look out for. Want to sell your home? Get a FREE home value report Want to buy a home? Search all homes for sale I recently sat down on Facebook Live for a great interview about home buying—specifically, new construction home buying. I answered some commonly asked questions about the process, gave tips, and more. Here’s an outline of the discussion, with timestamps so that you can skip around to the topic(s) that interest you the most: 0:40- How buying a new home is different from buying a pre-owned home. 1:15- Is hiring a real estate agent necessary for a buyer? 2:20- The different new home options for buyers and how to negotiate with the listing agent. 3:30- Will new home construction be affected by the recent market slowdown? 5:15- Working with a builder versus working with a homeowner. 6:30- Some more benefits of buying a new home with an experienced agent. If you have any questions for me in the meantime about this topic or about anything else related to real estate, don’t hesitate to reach out and give us a call or send us an email today. We look forward to hearing from you.

Will you be ready for the spring selling frenzy? Here’s how to best prepare. Want to sell your home? Get a FREE home value report Want to buy a home? Search all homes for sale Spring is just around the corner, and it’s historically the most active time of the year for home sales. Therefore, the time to prepare is now. If you don’t know where to begin, don’t worry—we have you covered. Today we’ll be sharing the best ways to ensure your home is ready to sell for top dollar this spring. For your convenience, we’ve included timestamps of our conversation. Feel free to navigate to the section(s) you’re interested in viewing: 00:06— Introduction to today’s topic: how to sell in spring 00:55— Selling in winter versus selling in spring 01:26— Information about our upcoming Date Night event 02:30— What you should be doing right now to prepare for a spring listing 04:13— Should you sell first and then buy your next home, or buy first and then sell? 07:01— Strategies and steps for buying/selling this spring 08:27— How to reach out to the Good Home Team 09:20— A recap on the upcoming Date Night event on February 12 10:13— Conclusion to our conversation If you’re looking to buy or sell this spring, have any questions, or need further information, feel free to call 972-215-7653, email Nick@GoodsHomes.com, or visit our website at TheGoodHomeTeam.com. In the meantime, we look forward to hearing from you soon.

Whether you’re a buyer or a seller, here’s what you need to know about our 2019 market. Want to sell your home? Get a FREE home value report Want to buy a home? Search all homes for sale What’s in store for our Dallas real estate market in 2019? I answered this question and more in my latest Facebook Live interview. For your convenience, I’ve provided timestamps of the video above so you can skip ahead to the sections(s) that interest you the most:  0:41—Emerging trends in our 2019 market 1:52—Where inventory is at now and where it’s predicted to go in the coming months 2:54—What an increase in interest rates would mean for buyers and sellers 4:07—Key takeaways from 2018 6:16—My advice for buyers and sellers entering the market in 2019 If you have any more questions about what to expect from our 2019 market or you’re thinking of buying or selling a home soon, don’t hesitate to reach out to me. My team and I would love to help you.

What makes buying or selling during the holidays a surprisingly good idea? Let’s find out. Want to sell your home? Get a FREE home value report Want to buy a home? Search all homes for sale Buying or selling a home may not be the first thing that comes to mind when you think about the holiday season, but did you know that the later months of the year can be a great time to accomplish your real estate goals?  Actually, our team has noticed that December tends to be the third-best month of the year to buy or sell a home in our market. Think of it this way: If you’re listing your home, you can not only enjoy decreased competition, but you can also be certain that the buyers who come to view your property during the holidays are committed to making a deal. Many buyers are concerned about rising interest rates, and therefore want to get into their next home as quickly as possible. They want to lock in a favorable rate while they’re still historically low. December tends to be the third-best month of the year to buy or sell a home in our market. ” In addition to these more practical factors, buyers also tend to be more sentimental during the holidays. Seasonal decor, so long as it isn’t overdone, can make a house look like a home in the eyes of potential buyers. All in all, there are many factors that make the holiday season a great time to buy or sell. Between the tax advantages, the personal benefits, and other factors, this later time of year offers much more opportunity for buyers and sellers than some might initially assume. If you’d like to talk about your specific goals and circumstances, have any other questions, or would like more information, feel free to give us a call or send us an email. We look forward to hearing from you soon.

What’s going on in our real estate market as of late? Today, we’ll give you some insight into the latest developments. Want to sell your home? Get a FREE home value report Want to buy a home? Search all homes for sale For my latest Facebook Live interview, I’m answering some questions you might have regarding the state of the current market. For your convenience, I’ve provided timestamps of the conversation in the video above so you can jump ahead to the section(s) that interest you the most: 00:50 - Is it a buyer’s market or a seller’s market? 2:16 - How does current inventory affect home prices? 3:02 - Where are interest rates headed? 4:04 - What do recent market statistics mean for people looking to sell? 5:07 - What should people be aware of in order to make informed decisions about real estate? 6:52 - What can we expect from the 2019 market? 8:22 - How to find out what these conditions mean for you, specifically. If you have any other questions or would like more information, feel free to give us a call or send us an email. We look forward to hearing from you soon.

We haven’t seen this many first-time homebuyers in our market since 2005. Here’s why they’ve made such a strong return. Want to sell your home? Get a FREE home value report Want to buy a home? Search all homes for sale According to a recent report, first-time homebuyer purchases are being made at their highest rate since 2005, and they’re up 1% from 2017. The main reason behind this is the fact that rents are rising at the fastest pace we’ve seen in almost two years. According to Zillow, the median rent rose 2.8% to $1,445 and has been experiencing the fastest pace of appreciation since May 2016. We are personally seeing a huge demand from potential homebuyers under age 35 who want to stop renting and stop throwing away their money. In Collin County alone, there are 147 houses priced at or below $225,000 or less, which is a typical price range for first-time buyers. Assuming a buyer is going to utilize an FHA 3.5% down payment loan program, a $225,000 home would cost roughly $7,200 out of pocket and result in a monthly payment of roughly $1,800. That’s not much more than what most people are paying in rent, and in some cases, it’s significantly less. Renters are tired of throwing away their money and are ready to buy. ” If you’re tired of throwing away money on rent and are curious about how the home lending and buying process works, don’t hesitate to give us a call or send us an email. We look forward to hearing from you soon.

Now that our market is shifting and inventory is increasing, you need to avoid overpricing your home when putting it on the market. Want to sell your home? Get a FREE home value report Want to buy a home? Search all homes for sale Why is pricing your home correctly imperative in our current market? As our market shifts, we’re starting to see more inventory accumulate. In Collin County, for instance, inventory is up 32% compared to this time last year. With more homes on the market, competition among sellers has increased. If you price your home at market value, you’ll attract roughly 60% of all buyers in your price range. If you overprice it by 10%, you’ll attract just 30% of the buyers in your price range. If you overprice it by 15%, you’ll only attract 10% of the buyers in your price range. Your home should not only be priced correctly, but it should be show-ready as well. ” If you want to price your home correctly, work with an agent who will show you what comparable homes are selling for and prepare you for what’s coming down the pipeline. Rising interest rates are shrinking the buyer pool and forcing many buyers into lower price brackets, which means your home should not only be priced correctly, but it should be show-ready as well. If you’d like to talk more about how to price your home correctly or you have any other real estate needs, don’t hesitate to reach out to me. My team and I would be happy to help you. 

Thank you to all the people that came out to our client event to watch “Christopher Robin” with us. Want to sell your home? Get a FREE home value report Want to buy a home? Search all homes for sale I just wanted to thank you for coming out to our client appreciation event. We had a great turnout of people to see the new Winnie the Pooh movie, “Christopher Robin.”  If you missed it, don't worry. You have another chance. We have our annual client appreciation party for the pumpkin patch coming up in October, so be on the lookout for that. Also, if you haven’t heard, our team is involved in a 60- to 90-day competition right now. The goal is to see who can help the most sellers, so we would love to serve if you if you’re looking to list. Our team is currently involved in a 60- to 90-day competition to see who can help the most sellers. ” If you know anyone who is thinking about selling their home in 2018, please let us know. We would love to talk to them and explain why now is the best time to sell their home. Again, if you were able to do so, thank you for coming out to our recent event. We truly appreciate it and look forward to seeing you at our next one.

You’re invited to our next client appreciation event, a screening of the new film, “Christopher Robin.” Want to sell your home? Get a FREE home value report Want to buy a home? Search all homes for sale I want to personally invite you to our upcoming client appreciation event. For the second year in a row, we’re renting out the movie theater at Look Cinema for a screening of “Christopher Robin,” the new film featuring Winnie the Pooh and his friends. Our event will take place on August 11, and we’ll be starting at 11:30 a.m. We’re giving the first opportunity to RSVP to this event to our past and current clients, as well as anyone we’ll be doing business with in the near future. The limit is four tickets per person or couple—for larger couples, we can make exceptions. “ We’re renting out the movie theater at Look Cinema for a screening of “Christopher Robin,” the new film featuring Winnie the Pooh and his friends. ” For this event, we are partnering up with a special charity, the DFW Angels. Their mission is to help foster children, so they’re gathering up schools supplies to make sure that kids have enough supplies when they go back to school. We’re looking for items like new backpacks, lunch boxes, thermoses, Crayola crayons, No. 2 pencils, Elmer glue sticks, and similar. Seats are filling up fast, so if you’d like to RSVP, do so now right here. We look forward to seeing you there! If you have any questions, please feel free to reach out to me.

Today we’re announcing our partnership with our newest technology, InsideMaps. This technology will help you gain more exposure for the home you are selling. Want to sell your home? Get a FREE home value report Want to buy a home? Search all homes for sale I am excited to announce that we have partnered with a new technology, InsideMaps, to help you gain more exposure for your home. As I have mentioned before, the more exposure you get, the better chances you have of getting an offer. And, the better chance you have of getting an offer or multiple offers, the higher the sales price. InsideMaps is a proprietary technology that we will be able to offer to all of our sellers’ listings. It will offer 3D technology in video format. Older 3D technology can take a long time to load and doesn't do much for the buyer's experience. 3D technology is also great for online rankings, so when buyers are searching for homes, this will come up in the video ranking, which means great news for our clients’ exposure. Along with this, we will also offer floor plans on all of our listings. Floor plans are great for buyers who are relocating because they can see the layout labeled with the room type as well as the dimensions of each room. This is also a great tool for homes that need to be flipped because a buyer can see the potential in the house. It provides the home’s current floor plan, which allows buyers to imagine how they might rearrange it. No matter how it is used, InsideMaps is just one way that we can make your home more valuable in buyers’ eyes, which will encourage them to make an offer. “ InsideMaps provides the home’s current floor plan, which allows buyers to imagine how they might rearrange it. ” If you are interested in learning more about this technology or are interested in buying or selling, please feel free to reach out to me. I look forward to speaking with you soon.

A lot of agents are holding their clients hostage out there. We’ll never do that, and our easy exit agreement ensures that. Want to sell your home? Get a FREE home value report Want to buy a home? Search all homes for sale If you’re going to hire an agent today, do you think that agent will hold you hostage as a client? The reason I bring this up is that we recently spoke with a homeowner who wanted to hire us to get their home sold. However, they were listed with another real estate agent at the time. We let them know that they would have to terminate their current agreement before hiring us. When they went back to their agent and tried to get out of their agreement, the agent demanded a $500 termination fee, as well as a 2% commission. The agent was asking to get paid off work they couldn’t even get done, for whatever crazy reason. We see this kind of thing happen a lot to innocent homeowners. Agents continue to put termination and cancellation fees in their agreements. But why? If you were to hire our team to help you sell your home, you get our easy-exit agreement. It’s essentially a "get out of jail free" card. If you hire us, you can cancel our contract at any time if you are unhappy for whatever reason. You just have to give us 48-hours written notice. No cancellation fees, no termination fees. “ You can cancel our listing contract at any time for any reason. ” We put our skin in the game to ensure that we’re giving you the best service possible whether you’re buying or selling a home. Our goal is to help you reach your real estate goals without compromise. If you have any questions for us or you’re interested in buying or selling a home with us, don’t hesitate to give us a call or send us an email today. We look forward to hearing from you soon.