North Texas Inventory Evening Out - Buyers Now is the Time!!

North Texas Inventory Evening Out - Buyers Now is the T

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Brought to you by: Brian Force Real Estate

Keller Williams Realty

View the entire Dallas-Fort Worth MLS FREE at: brianforcerealestate.com/search/

Receive your Free Home Valuation at: brianforcerealestate.com/sell/

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North Texas Real Estate is Still on Fire!!

North Texas Real Estate is Still on Fire!!

Amazing Opportunity to Own in Cedar Hill!! - 523 Rebecc

Amazing Opportunity to Own in Cedar Hill!! - 523 Rebecc

Now Available!!!

523 Rebecca Drive Cedar Hill, TX 75104

Great Family Home or Investment Opportunity!!

Call for additional information 972-468-5202

See additional photos and listing information

Incredible opportunity to own a home in lovely Cedar Hill! With tenants occupying on a month-to-month basis, this home is available for move in or as a CASH FLOWING investment property!! Situated just minutes from downtown, with an easy commute and quiet setting, this one-of-a-kind custom home is a sight to be seen!

This home features a private guest suite above the garage, complete with a full bath! Perfect for out-of-town guests, a mother-in-law suite, or that coveted man cave!!

SS appliances, granite counters, vaulted ceilings, tile flooring, oversized bedrooms and a huge master suite are just some of the features of this unique and tasteful property!!

Offered For Sale at $240,000 - bring your buyers today or call 972-468-5202 to set up a private showing at your convenience!

Schools

This home is served by Cedar Hill ISD.

• Bray Elementary
• West Intermediate
• Cedar Hill High

POSTED BY

Brought to you by: Brian Force Real Estate

Keller Williams Realty

View the entire Dallas-Fort Worth MLS FREE at: brianforcerealestate.com/search/

Receive your Free Home Valuation at: brianforcerealestate.com/sell/

Connect with us on: 

                                         

Buying in a Sellers' Market- Preparation is Everything!!

In a market as competitive as this buyer frustration can, often times, be through the roof. There simply are more buyers than sellers and homes are moving quickly. And even full price offers aren’t always guaranteeing the sale.

The days of seeing the perfect home, mulling it over and making an offer are gone. Buyer’s today not only need to think fast, but outside the box!

1)    Off Market Properties

Virtually every home out there is for sale for the right price. Make sure you get hooked up with an agent that isn’t afraid to find what you’re looking for, even if there’s no sign in the yard. Additionally, pocket-listings and Make-Me-Move-Listings are a great source of non-mls properties. There are also pre-market properties and FSBOs. A good agent will utilize every method available to find you the perfect home.

2)    Get Pre-approved Upfront

There is absolutely nothing more frustrating than missing out on a property because your financing was not quite in order. Before you anything, get with a reputable lender and get pre-approved for your financing. This will save you more headaches than you can imagine.

3)    Work With a Good Local Agent

Your agent is your tour guide, market expert, therapist and guardian angel all rolled into one. Make sure that you use a reputable agent that will exhaust all means to provide the service and care that will have you referring all your friends. Try to be as unbiased as possible, sometimes the youngest agents in the business are the sharpest and hardest working.

4)    Act Now

This market is changing with every blink of the eye. The last thing you want to do is wait. If you’ve been testing the waters, or feeling things out now is the time! Your dream home may come on the market tomorrow, and if you don’t call an agent today, it will be gone just as fast!

The market could not be more phenomenal. Don’t be on the outside looking in!

Listings Up 10.1% Across the Nation!!

Why does everyone have the selling bug? Probably because the median list price has risen 7.6% from this time last year. That's right people, we are well on our way to topping one of the most phenomenal years in real estate! Heading into the spring, seller confidence is sure to fuel a continued rise in available homes, and as long as interest rates don't spike, buyers are sure to keep pouring into the marketplace in hopes of finding their dream home. Stay tuned for more updates as another record setting year heats up!

Victory Park Luxury Living at its Finest

Hardwood floors, natural stone and marble finishes and a sub-zero appliance package are just a few of the features of this sleek and sexy Victory Park condo. Offered at $640,000 this is the pinnacle of Dallas living, call me today for a showing and make this dream home your reality! - 817-657-6213

Anatole's "Sparkle" Ups the Game This Christmas

This holiday season will certainly be one to remember as the Hilton Anatole is set to roll on the newest addition to it's annual Christmas at the Anatole series, "Sparkle". From an ice skating rink built to resemble a pond, to a live stage featuring popular local acts, "Sparkle" is this year's must-see Christmas attraction. Visit http://www.christmasattheanatole.com/index.html for details on sceduled events including appearances from Dallas Stars players, and special pricing on room packages!

"Sparkle" starts Friday November 29th and runs through January 4th

Inventory on the Rise, Rates Staying Low

Housing inventory is beginning to rise again in North Texas after hitting an all-time low in the third quarter of 2013. But while many feared that the shaky position the Fed has taken on it's tapering of quantitative easement would cause rates to rise in consistent fashion, this has not been the case. Rates are staying low as more homes are beginning to come available and will likely cause more buyer's to enter to game early in the new year. If these are signs of what's to come, look for 2014 to be another record-setting year in real estate!

Walkability a Major Factor for New Home Buyers

One of the most important factos for home buyers is the community in which they choose to live, and research by the National Association of Realtors® has consistently revealed that Americans prefer walkable, mixed-use neighborhoods and shorter commutes. NAR’s 2013 Community Preference Survey suggests that 60 percent of respondents enjoy neighborhoods with a mix of houses and stores and other businesses that are easy to walk to.

Survey responders were even willing to sacrifice the size of their new home for a more walkable area.. While 52 percent of respondents prefered a single-family detached house with a large yard, 78 percent said that the neighborhood is more important to them than the size of the house.

When asked to identify their ideal community, the most popular choice was a suburban neighborhood with a mix of houses, shops and businesses. The least popular was a suburban neighborhood with just houses.

When it came to commuting concerns, 41 percent said improving public transportation would be the best solution, while 29 percent would prefer the development of communities where people do not have to drive long distances to work or shop, and 20 percent would choose building new roads.

The survey of 1,500 adult Americans was conducted by American Strategies and Meyers Research from September 18-24, 2013.

Get the Most Bang For Your Remodeling Buck!

Not all upgrades are created equal. Here are the five home improvements that yield the highest returns!

1. Wood Flooring- Probably the most popular upgrade in recent years, swapping your downstairs tile and carpet mixture for hardwood will increase your home's interior appeal tenfold. In today's uber -competitive seller's market, this can be the difference between a bidding war and being overlooked entirely.

2. Entry Door Replacement- Replacing your stock front door with a steel model not only ups your home's curb appeal, it can also cut energy costs and provides 102.1% average payback when it's time to sell.

3. Kitchen Upgrades- Whether it's granite counter tops or state-of-the-art appliances, very few things turn a buyer's head like a fabulous kitchen. But be sure to consult your local real estate expert before upgrading. Kitchen trends are ever-evolving and it's important to what's "In" and what's "SO last year."

4. Master Bath Remodel- A luxurious master bath is every homeowner's dream. Be careful not to go overboard here. Overly personal installations can hurt resale value. Shower and floor re-tiling, adding a double-vanity, or swapping that old tub for a modern counterpart are some ideas that will appeal to the masses.

5. Wood Deck- With the long summer in Texas, having an outdoor escape can transform your backyard from wasted space into a major selling point. Not only will your home stand out among the competition, sellers can expect an average 90% return rate at the time of sale.

The Decision

A hush came over the crowd of assembled policy makers and media representatives September 18th as Fed Chairman Ben Bernake took the stage to announce, as reported for months prior, the tapering of the purchase of Treasury Bonds. A program the department has used as a way of  nursing the economy back to health.

Only he didn't.

Instead, the rumored $5-$40 billion monthly reduction in bond buying has been pushed back at least until the committee reconvenes in December.What does this mean for the real estate market? In the shadow of the announcement of the Fed's plans to taper buying, mortgage interest rates rose to a two-year high and refinances dropped 70% from the previous year. But in the wake of the hold-off, rates have dipped sharply to a 9-week low as of September 30th.

Those looking to buy can expect a reprieve from their anxiety over rates as they should remain competitive for the time being. This however, is positive news for sellers alike, with buyers no longer fearing getting priced out of this year's historically hot market, home values should keep from slipping as a result of depleted buying power.

While uncertainty remains as to the whens and ifs of the still-expected taper, for now homeowners and buyers alike will enjoy the atmospheric attributes that made this summer such a historic one in real estate. With the combination of comparatively low interest rates and equally low inventory, the metaphorical perfect storm is likely to continue into the coming year. But for homeowners looking for value appreciation over the next half-decade, only time will tell.

Home Sales Hit Record High!

The National Association of Realtors reported today that existing-home sales have reached their highest point in six and a half years! This surely do in large part to rising interest rates convincing on-the-fence buyers that now is the time to make their move.

Inventory at the end of August had increased 0.4  percent to 2.25 million homes, at the current rate of sales, this represents a 4.9 month supply. That's slightly down from five months in July and six months a year before that. Home are flying off the shelves and volume is predicted to stay high as interest rates threaten to jump. Down get left out in the cold, if you're on the fence about purchasing your new home, now is the time!

Rates Creeping Back Down

After hitting a two year high last week, mortgage rates have dropped, according to Freddie Macs weekly mortgage report.

Rates have been jumping around recently after beginning their rise in May as speculation mounts that the Fed may soon end its bond-purchasing program, part of what kept rates at or near record lows for the majority of the year.

"The Fed is monitoring the housing market closely after the run-up in mortgage rates over the past few months,” says Frank Nothaft, Freddie Mac’s chief economist. “The 13.4 percent drop in new-home sales in July led financial markets to speculate whether the Fed might delay reducing its bond purchases and allowed long-term bond yields and fixed mortgage rates to decline over the week."

Here are Freddie Mac's national averages for the week ending August 29th:



30-year fixed-rate mortgages: averaged 4.51 percent, with an average 0.7 point, dropping from last week’s 4.58 percent average. Last year at this time, 30-year rates averaged 3.59 percent.

15-year fixed-rate mortgages: averaged 3.54 percent, with an average 0.7 point, dropping from last week’s 3.60 percent average. Last year at this time, 15-year rates averaged 2.86 percent.

5-year hybrid adjustable-rate mortgages: averaged 3.24 percent, with an average 0.5 point, rising from last week’s 3.21 percent average. Last year at this time, 5-year ARMs averaged 2.78 percent.

1-year ARMs: averaged 2.64 percent, with an average 0.4 point, dropping from last week’s 2.67 percent average. A year ago, 1-year ARMs averaged 2.63 percent.

Across the board, the North Texas Real Estate scene is still on fire!!!! Check it out for yourself below!

Numbers are out, market still on fire!!

Weekdays at 3 P.M. Central Standard Time, ESPN airs what, in my opinion, is the most interesting show in their line up. "Numbers Never Lie" breaks down and analyzes a variety of sports stories and scenarios in a purely empirical format in order to predict or explain outcomes. This idea is not only familiar to top notch real estate agents, but the approach is a pertinent piece of a more comprehensive effort to maintaining one's market expertise. And so it is that last month's transaction numbers have come out and for the same reason ESPN's Michael Smith predicts the Spurs to win the NBA Finals, Agent Brian Force predicts this market to continue to outperform itself each month...because numbers never lie

Inventory on the Rise!

Housing inventory rose significantly in April, easing a supply shortage that some experts say has constrained home sales.

Meanwhile, existing-home sales edged upwards in April. Still, sales remain hampered due to limited supply and tight credit, according to NAR.

Housing inventory rose 11.9 percent to 2.16 million homes in April, representing a 5.2-month supply of homes at the current rate of home sales. That’s up from 4.7 months in March. But inventory still remained 13.6 percent below a year ago, when there was a 6.6-month stock.

Existing-home sales ticked up 0.6 percent to a seasonally adjusted annual rate of 4.97 million in April from an upwardly revised 4.94 million in March, according to NAR. That put sales at their highest level since November 2009, when a tax credit stimulated purchases, NAR said.

“The robust housing market recovery is occurring in spite of tight access to credit and limited inventory. Without these frictions, existing-home sales easily would be well above the 5-million-unit pace,” said NAR Chief Economist Lawrence Yun. “Buyer traffic is 31 percent stronger than a year ago, but sales are running only about 10 percent higher.  It’s become quite clear that the only way to tame price growth to a manageable, healthy pace is higher levels of new-home construction.” Source: realtor.org.

- See more at: http://www.inman.com/wire/home-inventory-rises-sharply-in-april/#sthash.50uhjKPe.dpuf

March closed sales still up up up!

More good news for sellers!

Home prices in Dallas were up another 7 percent year-over-year this spring, posting a median home price of $169,900, though housing inventory continued to dwindle.

The number of homes listed for sale on the market dropped 33% according to a report released Tuesday from ZipRealty, which measured MLS housing data from Feb. 15-March 15.

The rising home prices, coupled with the dwindling number of listings, has created a frenzy that's being seen not just in Dallas, but throughout the country, said Lanny Baker, president and CEO of ZipRealty.

Across the country the median sales price rose to $242,519, a 14.6 percent increase year-over-year, according to the report. The national inventory of home listings decreased 34 percent.


Long story made short, home prices will continue to climb this year as inventory remains at historically low levels.