Wildfire Evacuation Update

Wildfires have sprung up in the area, and are causing a widespread evacuation. If you are in the area, remember to pack the essentials. If you happen to be nearby and can help somebody else, let me know and I'll keep your information on-hand if anybody reaches out about help. For more information, watch my latest video.

Why Agents Are Important Even if You’re Selling Your Own Home

As spring turns to summer, the market is starting to heat up. Now is a great time to get a jump on the market if you’ve been thinking of buying a home.

Buying a home? Click here to perform a full home search
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 Call me at (970) 418-0183 for a FREE home buying or selling consultation

It is a beautiful spring here in Frisco and we’re enjoying some lovely weather in the mountains. If you are thinking about visiting, this is a great time to come up. Today we are going to talk about why you need a real estate agent even in a hot seller’s market like this and even if you are selling your home on your own.

Over the last few weeks, I have been hearing from buyers and sellers who want to know about the For Sale By Owner (FSBO) market. Here are a few recent stories I can share. 

First, we just listed a home for someone who wasn’t having much success selling her home FSBO. We had to adjust the price down a little bit, we got professional photos taken, and got the word out to a lot of people either in the area or looking for a home in the area. The property received a full-priced offer in just two weeks. The seller was very excited and is looking forward to closing in the next few weeks.

The next story is of a couple who were trying to sell on their own and they put a very small sign attached to their mailbox. I was showing property in the neighborhood and I gave them a call because I thought one of my buyers might be interested in the home. I told them I wasn’t trying to persuade them to list their home with me, but they proceeded to tell me just how horrible their experience was. They were fielding calls at all hours and they needed help. I ended up listing the home, brought the perfect buyer in, and got the title work, surveys, and disclosures covered. 
We still have some great inventory available here in Frisco.
The main takeaway here is that buyers don’t want to work directly with FSBO sellers. That is why we want to help. If you have seen a FSBO home in the area and you are interested in it, we can provide some insight into the property and maybe even the sellers themselves. We try to find all the FSBO sellers out there and get their information for all of our buyers.

Location is just part of the equation when it comes to selling a home. It is also very important to market the property correctly and provide the most accurate information to buyers in order to make the process as smooth as can be.

Check out the links below for specific details on each area:

We still have some great inventory here in Frisco, so it is a great time to come look at homes if you have been thinking about it. If you have any questions about the market or need any help, don’t hesitate to give us a call or send us an email. We would love to hear from you soon.

Buyers and Sellers: Take Action Now

If you’re on the fence about buying or selling a home, now is the time to hop off and take action.

Call me at (970) 418-0183 for a FREE home buying or selling consultation

If you’re thinking about buying or selling a home, now is a great time. For sellers, there is so little inventory that homes which are priced correctly are selling quickly. We’re seeing multiple offers in the first couple weeks for nearly every home that is selling.

Once the slopes close, however, we are going to see an increase in inventory. One of our listing clients was bringing their townhome onto the market. The last sale was at $650,000 and we were going to price theirs below that because the location was not quite as desirable. But someone in the building decided they needed to sell fast, so they came on at $500,000, which affected everyone in the building. A home that we would have brought on over $600,000 now needs to wait until the prices recover. Granted, they did have multiple offers, and we don’t know how much it sold for, but once it closes, it will definitely have an effect on everyone.

If you’re thinking about selling, let’s price it right to sell quickly.

As interest rates increase, buying power for some buyers decreases. Buyers are going to see an uptick in inventory, but there are still a lot of buyers out there and the competition is fierce. When a property that is a perfect fit for you comes on the market, we need to be ready. If you’re getting a loan, get pre-qualified as soon as possible. We also need to know how to write the contract so that you’re going to win.

As interest rates increase, buying power for some buyers decreases.

If you’re thinking about buying, remember that interest rates are on the rise.

For every $100,000 of purchasing power, when the interest rates go up by 1%, the cost of that is approximately $60 per $100,000. I’m not a lender, so I can’t give you an exact figure, but you can check out a mortgage calculator online to see how rising rates will affect you personally.

There are going to be some great properties coming onto the market, so let’s be ready.

If you have any questions or need any help, please feel free to contact us. We would love to hear from you.