How is a real estate transaction like a football game?

How is a real estate transaction like a football game?

Who is ready for some football? Football season is upon us and for some this is an exciting time of year!  For many, football season means cheering for your favorite team, enjoying the game with friends & family, good food, cooler weather and even attending a live game.  The real estate transaction can be a lot like a football game.  Successful real estate transactions, like football games, are the product of many players, coaches and other people behind the scenes that play a role in their team’s success.

Team:

In football, there are 2 opposing teams on each side of the field, and on the sidelines are the coaches.  In real estate, you have the Buyer team and the Seller team.  On the sidelines are the Coaches – the Real Estate Agents.

Real Estate Agent/Coach:

Like many other professions, successful agents in the game are extremely competitive.  Even the opposing “Coaches” have the same mission but may employ different methods.  The Real Estate Agent/Coach will instruct and motivate their players throughout the game.

Huddle up:

This is what the Real Estate Agent does with their clients during negotiations when figuring out what to offer or counter offer on a home.

Fumble: 

A Real  Estate Agent will make sure not to “fumble the ball” during the transaction and keep their head in the game on all of the contractual deadlines.

Tackle:

This is what a professional Real Estate Agent does if unexpected situations should arise like appraisal shortages, home inspection conflicts, repair requests or closing delays.

The other team: 

This is the Real Estate Agent and his or her Clients on the other side of the field.  Just like in football, it is important to play nice and show professionalism throughout the game.

The quarterback: 

In football, the QB is not only a key decision maker but has the ability to make timely plays and efficiently manages impromptu adjustments.  They have a big responsibility and directly impacts the outcome of each play.  In real estate, the Mortgage Lender is the QB- and the MVP of every successful transaction.

Referee:  

The Title Company “calls the plays” and makes sure all the facets of the transfer of ownership for both teams is done contractually and legally, that way everyone can make a touchdown at the closing table.

End-Zone Celebration: 

What you do when you close your transaction!

Fans:

These are the buyers and sellers. The goal is of any real estate professional is to turn each client into a raving fan that will continue to support their business with referrals of their friends and family.

If you are looking to have a professional team on your side for your real estate needs, contact the Stacey Feltman Group Today!

 

 

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Kids Going to College? Smart Downsizing Tips for Empty Nesters

Kids Going to College?  Smart Downsizing Tips for Empty Nesters

It is that time of year, soon to be empty nesters are just recovering from the graduation chaos to find themselves in another chaos of getting their child ready to go off to college.  Once the chaos calms, it may not take too long to realize how much extra space you have in your home!  So what can you do to simplify your life and free ups some space?  Here are some downsizing tips to help you navigate through.

 

  1. Think about your future lifestyle.  While your current home may have been perfect for the lifestyle of raising kids, it may not fit your lifestyle as empty nesters.  Are you looking for less yard work?  Less cleaning?  More travel?  Extra cash in your pocket?  It’s up to you.

 

  1. Before you are ready to downsize, start decluttering.  Very important if you are planning to move to get it done sooner rather than later.  You can accumulate so much stuff over the years so getting rid of the stuff you no long want is very time consuming.

 

  1. Prepare your children. If moving is part of your plan, your college child may have some emotions about you moving out of the home they grew up in.  Ask them if there are any things they may want to keep and box it up.  Check with other family members to see if there is anything they may want.  Ask early before putting items in storage, etc.

 

  1. Don’t do everything at once. Start with one room at a time.  Ask yourself:  do you love it?  Do you use it? Is it time to let go?  Have 3 boxes:  Keep, Sell, and Donate.

 

  1. Snap photos before you let it go. If you have items that have memories attached to it but is impractical to keep it snap a photo of it before you sell or give away.

 

  1. Ready to make that fresh start? If you have been in your home for a number of years, you may want to sell and cash out.  You may want to use your cash to purchase another home that fits your new lifestyle.

 

If a fresh start is what you are looking for, contact the Stacey Feltman Group of Professional Realtors to help you with every step of the process!

 

StaceyFeltmanGroup.com

 

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ENGAGING A REAL ESTATE PROFESSIONAL IS KEY!

ENGAGING A REAL ESTATE PROFESSIONAL IS KEY!

North Texas’ attractive quality of life, strong economy and low cost of living ensure the area will continue its rise to prominence among the world’s leading metro areas. If you are a home buyer or seller, now is the time to look for professional representation. Engaging an agent is different for everyone, but here are some considerations:

Experience – Look for an agent who is fully involved in a career and the area in which he or she works.

Personality and interests – Do some background work on any potential agent. Bio pages, LinkedIn accounts, social media pages and online reviews can all be helpful, but not having one or the other may not have a direct correlation to how “good” an agent is.

Career – If you’re serious about buying or selling a North Texas home, you’ll want an agent who’s active in the industry full-time.

Education – Knowledge is essential in the competitive North Texas market. Professional education programs at the Ebby Halliday Companies are recognized as among the very best.

The numbers – Don’t choose an agent based on a lower commission, or because the agent agrees with you on the listing price of your home; rely instead on the agent’s professional expertise and opinion, and the fact he or she will represent your best interest.

Written By:  Mary Frances, President & CEO Ebby Halliday Companies

The Stacey Feltman Group of Realtors have a combined over 50 years of experience in the industry.  As full time agents and with our love of real estate, we strive to serve our clients with the best service, knowledge and professionalism while staying competitive in the North Texas market.  As one of Ebby’s companywide top producing groups, we have what it takes to help you and your family find the home of your dreams.  As our tagline states, we make realty dreams a reality!

To speak with one of our fabulous agents, you can call us at 214-356-8368.  We would love to chat with you!

 

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Your November 2016 Real Estate Stats!

Your November 2016 Real Estate Stats!

Thinking about Selling, Then Check Out Your North Dallas Area Real Estate Stats!
Latest stats from November 2016 North Texas Real Estate Information Systems.

Frisco, TX & Denton, TX
Active Listings: 664 (33% change year ago)
New Listings: 295 (27% change year ago)
Pending Sales: 260 (-1% change year ago)
Sold Homes: 300 (36% change year ago) w/average of 46 Days on the Market (-6% change year ago)
Sales Price to List Price: 98% (0% change year ago)
Months of Inventory: 2 months* (32% change year ago)
Average Sales Price: $414,039 (2% change year ago)
Average Price per SqFt: $136 (4% change year ago)

Prosper, TX
Active Listings: 315 (76% change year ago)
New Listings: 71 (42% change year ago)
Pending Sales: 49 (-4% change year ago)
Sold Homes: 57 (-4% change year ago) w/average of 80 days on the market (27% change year ago)
Sales Price to List Price: 98% (1% change year ago)
Months of Inventory: 4.7 Months* (78% change year ago)
Average Sales Price: $559,447 (34% change year ago)
Average Price per SqFt: $145 (16% change year ago)

McKinney, TX
Active Listings: 401 (18% change year ago)
New Listings: 188 (-13% change year ago)
Pending Sales: 205 (0% change year ago)
Sold Homes: 188 (11% change year ago) w/average of 49 days on the market (17% change year ago)
Sales Price to List Price: 98% (0% change year ago)
Months of Inventory: 1.7 Months* (14% change year ago)
Average Sales Price: $339,430 (12% change year ago)
Average Price per SqFt: $125 (8% change year ago)

Allen, TX
Active Listings: 177 (7% change year ago)
New Listings: 102 (-4% change year ago)
Pending Sales: 128 (20% change year ago)
Sold Homes: 117 (33% change year ago) w/average of 43 days on the market (2% change year ago)
Sales Price to List Price: 98% (0% change year ago)
Months of Inventory: 1.4 Months* (0% change year ago)
Average Sales Price: $361,555 (12% change year ago)
Average Price per SqFt: $129 (9% change year ago)

The Colony, TX
Active Listings: 54 (17% change year ago)
New Listings: 35 (3% change year ago)
Pending Sales: 37 (-5% change year ago)
Sold Homes: 37 (-12% change year ago) w/average of 19 days on the market (-32% change year ago)
Sales Price to List Price: 100% (12% change year ago)
Months of Inventory: 1.2 Months* (9% change year ago)
Average Sales Price: $253,647 (15% change year ago)
Average Price per SqFt: $121 (12% change year ago)

Plano, TX
Active Listings: 469 (15% change year ago)
New Listings: 300 (23% change year ago)
Pending Sales: 275 (1% change year ago)
Sold Homes: 270 (17% change year ago) w/average of 33 days on the market (-8% change year ago)
Sales Price to List Price: 99% (1% change year ago)
Months of Inventory: 1.6 Months* (16% change year ago)
Average Sales Price: $353,465 (1% change year ago)
Average Price per SqFt: $130 (6% change year ago)

*Months of inventory- This is the amount of time it would take to sell all current listings at the current sales pace if no new listings became available. You will hear “Seller’s Market and Buyer’s Market” in regards to Months of Inventory.

Here is what determines the current status:
0-4 Months is a “Seller’s Market”
5-7 Months is a “Balanced Market”
8-12 Months is a “Buyer’s Market”

So with this guide you will see we are in a Seller’s Market. This is the time where there are more buyers than homes on the market and as a seller you will be able to get the most money in your pocket with possible multiple offers in the right situation. If you are on the fence about selling, this information may help you make that decision.
If you would like stats from other cities around the Metroplex, please give us a call and we will be glad to share them!

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Honesty is the Best Policy! Pick the right Realtor when Selling Your Home!

trust

Selling your home is a business transaction plain and simple and more often than not sellers can make emotional and impulsive decisions that will end up wasting their time and money. It is imperative that you interview and pick the right agent that will help you achieve your goal of selling your home.

Here are some of the mistakes sellers make when choosing a Realtor:

Choosing a Realtor without interviewing others.
Selling is a big task and can put a lot of stress and worry on a homeowner. But, you have to think when you are looking for services in other professions such as lawyers, doctors, contractors, etc. do you shop around? You should do the same when picking a Realtor. It is easy to get caught up in the moment of a wonderful presentation, but making an impulse decision and learning later that it is not going to work out can cost you time and money with wasted days on the market or not getting it listed when you wanted it to. What do you do? Interview at least 3 agents and ask them all the same questions and see who will not only fit your needs but whose personality will fit yours as well. Ask yourself, “ is this the person I want to go through this process with?”

Choosing a Realtor strictly based on their agreement with your selling price.
Beware! Some agents tell you only what they want you to hear. You will find some agents that
are more interested in themselves than they are with you. Generally, sellers often have a list price that they want to stick to as it only makes sense to their bottom line and what proceeds they want to get from the sale. OR, sellers google online other homes in their area that are listed for a certain amount and compare their house getting a price that may be way off. We are all guilty of thinking we have figured something out based on what we see online but it takes a true expert to get down to the reality of it and make a correct assessment based on actual data from the MLS system that only Realtors have access to. Let an expert agent properly price your home at what the market will bear to get it sold. They will show you data in the form of comps to support the list price. Again, beware of the agent that over prices your home as they know they will win your business so expect to be disappointed later when they ask you to price reduce causing added days on the market which produces red flags for buyers. Buyer will think “what is wrong with this property?”

This agent offers the lowest commission.
You get what you pay for, cut and dry. This “discount” agent will put a sign in your yard and list your house in the MLS but little additional effort will be made. Agents use their own funds to market your property and can cost them $300 for professional photos, $100 on printing, pay other websites to market the property, hold open houses with food/drinks, just listed postcards can be anywhere from $100-$500 depending on the community. And, not to mention the agent’s time spent having phone conversations with other agents asking if they have clients interested and receiving calls off the sign in the front yard. Think about what your time is worth and how would you want to be compensated. If an agent reduces the commission, you will not get the extra marketing or superior service.

This agent has sold lots of homes, they must be the best!
Think to yourself, do you want an agent that had a bunch of listings and only sold a small portion of them or do you want one that has sold all/majority of their listings? Say an agent listed 40 homes last year and only actually sold 30, what happened to the other 10 or the agent that only listed 20 but sold 19. How many of those listings were reduced? How many days on the market? Quantity is important but only if quality was present.

I am going to pick the large Real Estate Team!
Yes, most real estate teams are successful or they would not be a team. But, you must decipher through as not all teams are created equal. Teams come in all shapes and sizes but it’s not size but the service you receive that matters. Ask the big team agent how accessible they will be throughout the process. As once you sign with them, you may never hear from them again but only from their assistant or support staff. You better bet they will be at closing to collect their check. It is very normal for a large team to have a support staff to ensure that you have as much communication as possible and you can always contact someone. The support staff is just that, to support. The agent should be the main communicator helping you along through the process.

There are so many more things sellers should do and be aware of when picking a Realtor, but these are some of the biggest. We believe that honesty is the best policy. Hope this was helpful and that you call the Stacey Feltman Team for all your real estate needs. Our clients are our number one priority!

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Thinking about Selling, Then Check Out Your North Dallas Area Real Estate Stats!

housing-market-existing-home-sale-nar-lawrence-yun-housing-inventory-housing-recovery

Latest stats from September 2016 North Texas Real Estate Information Systems.

Frisco, TX & Denton, TX
Active Listings: 768
New Listings: 372
Pending Sales: 310
Sold Homes: 346 w/average of 42 Days on the Market
Sales Price to List Price: 98%
Months of Inventory: 2.4 months*
Average Sales Price: $421,893
Average Price per SqFt: $137

Prosper, TX
Active Listings: 284
New Listings: 99
Pending Sales: 50
Sold Homes: 77 w/average of 60 days on the market
Sales Price to List Price: 97%
Months of Inventory: 4.2 Months*
Average Sales Price: $482,855
Average Price per SqFt: $136

McKinney, TX
Active Listings: 501
New Listings: 245
Pending Sales: 209
Sold Homes: 262 w/average of 30 days on the market
Sales Price to List Price: 99%
Months of Inventory: 2.2 Months*
Average Sales Price: $326,199
Average Price per SqFt: $125

Allen, TX
Active Listings: 261
New Listings: 166
Pending Sales: 103
Sold Homes: 130 w/average of 36 days on the market
Sales Price to List Price: 99%
Months of Inventory: 2.1 Months*
Average Sales Price: $354,421
Average Price per SqFt: $130

The Colony, TX
Active Listings: 66
New Listings: 57
Pending Sales: 38
Sold Homes: 52 w/average of 30 days on the market
Sales Price to List Price: 99%
Months of Inventory: 1.4 Months*
Average Sales Price: $242,791
Average Price per SqFt: $118

*Months of inventory– This is the amount of time it would take to sell all current listings at the current sales pace if no new listings became available. You will hear “Seller’s Market and Buyer’s Market” in regards to Months of Inventory. Here is what determines the current status:
0-4 Months is a “Seller’s Market”
5-7 Months is a “Balanced Market”
8-12 Months is a “Buyer’s Market”

So with this guide you will see we are in a Seller’s Market. This is the time where there are more buyers than homes on the market and as a seller you will be able to get the most money in your pocket with possible multiple offers in the right situation. If you are on the fence about selling, this information may help you make that decision.

If you would like stats from other cities around the Metroplex, please give us a call and we will be glad to share them!

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Warning! Dangers of Overpricing Your Home

sold

Beware of the consequences of overpricing your home for sale, it can cause more harm than good. Either you may have a so called Real Estate Professional tell you they will price your home above market value to win the listing or you may believe your home has more value than it is worth and want to make a certain amount of profit. As a seller, your focus may be more on the profit and not on the current market trends. It is important that you have an expert at your side to price your home right the first time to get it SOLD!

Some things that may go through your head as a seller are things like…
• “I can always come down on price”
• “My home is much nicer than all the others”
• “I want to test the market first to see what I can get”

What you should know is over pricing your home can have ADVERSE effects on the sale.
Here are some of the consequences you could experience…

• The best time to capture buyers is in the first week when buyer’s interests are at the highest. Don’t lose out on this critical marketing period!

• Sellers that price high and refuse to lower price can be branded as unreasonable.

• Fewer offers received

• Marketing period is prolonged and momentum is lost.

• The longer the over-priced home sits on the market the more skeptical buyers and real estate professionals are on the condition of the home. It creates a stigma.

• House may not appraise and the buyers will not be able to secure a loan.

• Most likely be sold BELOW market value.

Pricing your home to its fair market value is critical and will get your home sold! The Stacey Feltman Group is experts at pricing homes to sell with more money in your pocket. Many of sellers have come to our group after being burnt by other agents that fooled them into listing their house for sale above market value to get their business and inflate their pockets. We are honest, loyal and have your best interest at heart!

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Housing inventory at All Time Low

housing-market-existing-home-sale-nar-lawrence-yun-housing-inventory-housing-recovery

The Texas Association of Realtors just released a quarterly report stating that housing inventory has just fallen into an all- time low of 2.8 months in the first quarter of 2016. This is a decline of 0.6 months from first quarter of last year. Active listings also fell sharply in the first quarter of this year. What is the result from all this? With the limitations of inventory and rising property values it is making housing affordability a challenge not only in Dallas/Fort Worth but all across the state. This problem could get larger.

With Dallas/Fort Worth continuing to be a major relocation hub for business such as Jamba Juice, Liberty Mutual, Toyota amongst many others, our population will just continue to grow and housing inventory struggling to keep up. Even with the cooling off period after the five year boom the real estate market is expected to make strong headway.

All this said, with the low interest rates and increase in population it is making it hard for buyers to find a home of their dreams. The majority of homes are multiple offer situations which drives the prices up even more making it more beneficial for the seller to sell with higher profits than before. Therefore, this is a great time to not only sell but to buy as the real estate market is going strong in DFW and surrounding areas!

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Spring is Blooming and so is the Real Estate Market in Frisco, TX!

Spirng Flowers

Not only has spring flowers starting popping up but so has “For Sale” signs. With the large influx of people coming into Frisco and surrounding areas, there are plenty of buyers looking to make a purchase. For sellers this means that if you are looking for a new beginning or an upgrade now is the perfect time to sell with the potential of multiple offers and bidding wars.
This “blooming” market is not forecasted to slow down anytime soon according to many experts. There are new listings coming to market every day. Currently in Frisco there are 642 Active homes for sale, 172 Pending homes and 215 Sold homes in the past 30 days.

If you are on the fence about selling, now is the time! So get your spring cleaning done and ready to list today with the Stacey Feltman Group!
Call us Today at 214-356-8368!

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How Much GOLD is Your Home Worth?

how much gold is your home worth

You don’t need the Luck of the Irish to sell your home, let the Stacey Feltman Group get you more GOLD for your home today! In Frisco, TX home prices are on the rise so now is the time to sell if you would like more money in your pocket.

It’s a seller’s market so choosing the right Realtor when selling your home can make the difference between getting the price you want and in fewer days on the market – or ending up disappointed.

It’s just not a For Sale sign in your yard. Our group has the experience to help you achieve your goals in real estate, as we are committed to the highest level of service day or night! Our personal commitment is professionalism, personal attention to YOU and every detail, enthusiasm and expertise to ensure a stress-free successful transaction. Stacey Feltman Group’s tagline is straightforward and uncomplicated – Making REALTY dreams a REALITY! The Stacey Feltman Group looks forward to serving all your real estate needs.

Click Here for a Free Home Evaluation!

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