6 Tips for North Texas Home Buyers and Sellers


Finally a home of our own!

With a shortage of available inventory, numerous offers for the same property, hip-pocket listings shared only by word of mouth — it’s no secret that the North Texas housing market is strong.

To help you navigate the home-buying and selling waters, we polled Ebby Halliday Associates and collected their top tips for today’s buyers and sellers.

Buyer’s Tips

Be qualified
Pre-plan financing by meeting with a mortgage lender ahead of time and receive a pre-approval letter that may be submitted when you make a written offer. “Less paperwork and more personal attention” is more than a saying at Prosperity Home Mortgage, Ebby Halliday’s affiliated mortgage source. Contact Prosperity Home Mortgage for a frustration-free experience from loan application to decision.

Act quickly
In a hot market, acting slowly or sleeping on it may cost you the opportunity to buy the home of your dreams. If you’ve found a home you’d be thrilled with, don’t wait to submit an offer — other buyers will likely be doing the same.

Offer a compelling price
Sellers often price their homes based on historical sold data or appraisals, and in a strong market where prices are rising rapidly, homes may sell for the listing price or higher. Study the sold comps, but also compare the house you want to other homes on the market, and ask yourself, “What price am I willing to pay, and at what price am I willing to lose this house?”

Seller’s Tips

Market to everyone near and far
You have the best chance of selling your home for the highest price by exposing it to the largest number of potential buyers. When you list your home with Ebby Halliday Realtors, it will enjoy worldwide exposure on ebby.com, the gold standard in residential real estate websites. Ebby.com is one of the most-visited residential real estate sites in the nation, far outpacing the competition.

Respond and keep momentum
There is an old adage that time kills deals. A buyer’s interest is at a peak level at the time he or she submits an offer, so keep the momentum going, choose the best offer, and respond promptly in writing.

Don’t be greedy
If a buyer offers an acceptable price and terms, sign the offer and your Ebby Halliday Associate will schedule a closing appointment and expertly guide you through the home inspection and closing process.

Have a buying or selling question not addressed in this post? Contact one of Ebby Halliday Realtor’s North Texas offices and we’ll be happy to help in any way we can.

Top Tips for North Texas Home Buyers and Sellers


Top Tips for North Texas Home Buyers and Sellers

 

Homes selling above asking price, numerous offers for the same property, hip-pocket listings shared only by word of mouth – it’s no secret that the North Texas housing market is booming.

 

To help you navigate these unprecedented home-buying and selling waters, we polled Ebby Halliday Associates and collected their top tips for today’s buyers and sellers.

 

Buyer’s Tips
*  Be qualified. Pre-plan financing by meeting with a mortgage lender ahead of time and receive a pre-approval letter that may be submitted when you make a written offer. “Less paperwork and more personal attention” is more than a saying at Home Team Mortgage Company, Ebby Halliday’s affiliated mortgage source. Contact Home Team Mortgage Company for a frustration-free experience from loan application to decision.

 

*  Act quickly. In a hot market, acting slowly or sleeping on it may cost you the opportunity to buy the home of your dreams. If you’ve found a home you’d be thrilled with, don’t wait to submit an offer – other buyers will likely be doing the same.

 

*  Offer a compelling price. Sellers often price their homes based on historical sold data or appraisals, and in a strong market where prices are rising rapidly, homes may sell for the listing price or higher. Study the sold comps, but also compare the house you want to other homes on the market, and ask yourself, “What price am I willing to pay, and at what price am I willing to lose this house?”

 

 

Seller’s Tips
*  Market to everyone near and far. You have the best chance of selling your home for the highest price by exposing it to the largest number of potential buyers. When you list your home with Ebby Halliday, it will enjoy worldwide exposure on ebby.com, the gold standard in residential real estate websites. Ebby.com is one of the most-visited residential real estate sites in the nation, far outpacing the competition.

 

*  Respond and keep momentum. There is an old adage that time kills deals. A buyer’s interest is at a peak level at the time he or she submits an offer, so keep the momentum going, choose the best offer, and respond promptly in writing.

 

*  Don’t be greedy. If a buyer offers an acceptable price and terms, sign the offer and your Ebby Halliday Associate will schedule a closing appointment and expertly guide you through the home-inspection and closing process.

 

Have a buying or selling question not addressed in this post? Contact one of Ebby Halliday’s North Texas offices and we’ll be happy to help in any way we can.

 

5 Tips for Beginning Your Home Search


5 Tips for Beginning Your Home Search

 

The home-searching process can be a lot of fun. You look at homes and imagine yourself living there with all your furniture set up, having family and friends over, and relaxing on a Friday evening in the living room with your favorite show on the TV. With all this excitement, your mind may (understandably) be in the clouds, however, there are important things to remember when searching for a home.

 

Below are five of our favorite tips:

 

Become Pre-Approved for a Loan

Lety Service, a sales associate with Ebby’s McKinney Office, recommends that potential buyers speak to a lender before looking for a home so they know exactly what price range to stay in. “It’s devastating to fall in love with a home only to have a lender tell you later that you can’t afford it,” she says. “If you are pre-approved first, you will find a home that you love and will be able to obtain financing within your price range. This will prevent the disappointment of comparing a home in your available price range to one that you aren’t qualified to purchase.”

 

Be Organized

During the process of buying a home and working with your lender, you will be asked to provide information and documentation. Have your W2s, pay stubs, bank statements and ID ready to give to your lender. After review of these documents, the lender may require additional information. You will also sign documents throughout the loan process. Getting your home inspection will be one of your first steps after submitting a purchase contract. Also, scheduling the following services to be placed in your name with a start date will need to be on your list: electricity, Internet, phone, cable, water, and gas. Organize what days you will devote to each task and the process will run smoother.

 

Keep Options Open

Lety advises future homeowners to start with an open mind because they might fall in love with something they didn’t think they would and to focus on the floor plan and location instead of cosmetic upgrades. “Looking at multiple houses in person, instead of online, will give you an idea of what you definitely like, don’t like, and maybe even some things you could settle for.” Keep in mind if you find a home with a perfect floor plan but can’t stand the carpet or countertops, you may be able to do a home-improvement loan and roll the costs into your mortgage.

 

Avoid New Lines of Credit

Debra Smith, a loan originator with Home Team Mortgage, advises that when you decide to start looking for a home you should avoid taking out new credit or making large purchases on credit. “This is especially important once you are in the middle of your loan process,” she says. “Any new account could affect your ability to qualify for your loan and cause you to lose the home that you may be a week away from moving into.”

 

 

Opt for a Bridge Loan

Are you a current homeowner looking to purchase a new home? If you want to use your current home equity to put down on your new home, the sale of your old home must close on or before the closing date of your new home. This makes everything time-sensitive and there is always a chance the financing of your buyer could fall through. Smith says a “bridge loan” may be the ideal solution for you. “You can use a bridge loan to use the equity in your current home even before you put it on the market,” she says. “So if you don’t want to sell before you move, or you don’t want to make your offer contingent on selling, our bridge loan may be just right for you.”

 

Considering purchasing a home? Home Team Mortgage Company, Ebby Halliday’s affiliated mortgage company, has a track record of building long-lasting relationships by providing exceptional service with competitive rates. With an office in each Ebby Halliday branch, Home Team Mortgage loan officers offer the convenience of one-stop shopping, coupled with expertise to ensure peace of mind for borrowers and agents alike.

 

For all your mortgage questions and needs, contact Home Team Mortgage Company.

 

 

 

Buying a Home is Complicated


Buying a Home is Complicated

 

Setting a budget, sticking to it; making an offer, financing a property once the offer is accepted; seemingly endless paperwork … let’s face it, buying a home is often a daunting process that can strip the anticipated fun and excitement away completely.

 

Fortunately, there’s an Ebby Halliday Realtor to guide you through the process. We’ve been helping people through the process for more than 70 years.

 

“It’s fun to look at all that’s changed since 1945, but what hasn’t changed is our sales associates and employees tirelessly building our brand on trust, coming through when clients need us most,” says Mary Frances Burleson, president & CEO. She adds that the goal for the company and its sales associates remains simple: to transform and elevate the home buying and selling process into the wonderful life-changing experience it can be.

 

“We hold homebuyers’ hands through it all, from start to finish, making it an easy, comfortable and enjoyable experience,” Burleson says. “We listen closely to their wants and needs, their worries and their fears. With more than 70 years of success in this business, we offer what no other North Texas real estate company can: a longtime culture of caring. That’s how Ebby built our company. She fostered an internal culture that attracts humble, hardworking people like herself who just plain do the hard work.”

 

To find just the right agent for your residential real estate needs, visit ebby.com.