DFW Real Estate Podcast with The Pyron Team

Is using a professional stager important?

Actually, it depends. Typically, we only need to bring in a professional about 10% of the time.

To determine what the case is for your home, we will come out to your home and take a look for ourselves.

Generally, most of the homes we visit tend to look very inviting.

Most of the time, we notice that people tend to have very good tastes. Generally, most of the homes we visit tend to look very inviting.

The only way we can say whether or not you should use a stager is by visiting your 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.

I’d like to take a minute to address a frequently asked question: “What’s the difference between being pre-qualified for a mortgage and being pre-approved for a mortgage?”

If you’ve been pre-qualified, it means your lender has only taken a cursory look at your financial information. While they’ve checked your credit score, for the most part pre-qualified means your lender has taken down your information and made a presumptive decision before they begin the rigorous process of verifying the information you’ve provided. In short, prequalified means you’ve spoken with a lender about your financial situation.

Being pre-approved shows sellers that you are serious and know your purchasing power.

If you’ve been pre-approved, it means your lender has gone through that verification process and has documented your finances. In addition to a credit check, they’ve taken the time to contact your employer and verify your income. In regard to your credit, pre-approved means your lender has looked deeper into your credit report than your score, having examined your bills to verify their accuracy and your credit history. When you are pre-approved, you are very close to being able to close on a home.

When we represent a seller, we are always looking for a pre-approval over a pre-qualification. While pre-qualification indicates a lender’s best guess, when a buyer is pre-approved for a mortgage it shows the seller that the buyer is more serious about closing and knows their purchasing power.

If you’d like us to answer any questions you have in a future video, or you’d like to talk to us about buying or selling a home, please contact me at (469) 338-4756 or online at [email protected]. I'd be happy to help you.

As a seller, is a pre-listing inspection important?

Although some Realtors are doing this, we actually don’t recommend that you order a pre-listing inspection.

Why?

The buyer will hire their own home inspector. Some of the items on your inspector’s list may not match up with their inspector’s list. As a result, you might fix things that you believe should be addressed but that the buyer is not concerned with.

There’s really no need to spend money on a pre-listing inspection.

There’s really no need to spend that extra money.

If there are obvious things that need to be fixed that you don’t need an inspector to tell you about, then go ahead and take care of them. Otherwise, I would skip spending the money on a pre-listing inspection.

If you have any other questions about selling your home, just give us a call or send us an email. We would be happy to help you!

The final walkthrough is a very important part of a home sale.

As a buyer, it’s your last chance before closing to walk through the home with your Realtor and make sure the home is in good condition and there’s nothing changed about it that the seller should be responsible for.

Once you close, it’s very difficult to go back and correct anything.

Once you close, it’s very difficult to go back and correct anything that should’ve been corrected beforehand.

If you have any questions about the final walkthrough or have another real estate topic in mind that you’d like to see me discuss, don’t hesitate to reach out to us. We’d love to help you.

Lately, a lot of homebuyers have asked, “Can you help us purchase a For Sale By Owner property?”

About 95% of homes on the market are listed through Realtors, meaning that only 5% are not. If the seller is representing themselves, a Realtor can definitely help you purchase the home.

You can definitely work with a Realtor to buy a FSBO home.

A FSBO seller is someone who wants to go around the real estate system in order to perhaps get a higher sales price for the home. When looking at For Sale By Owner properties, buyers need to be aware of the true market value of the home, as well as some of the ramifications of dealing with a seller directly.

That said, we can and do help buyers purchase homes that are listed as For Sale By Owner.

If you have any questions or need our help in this area, just give us a call or send us an email. We would be happy to help you!

What can’t you trust Zillow to provide an accurate value for your home?

For one thing, we’re in Texas, which is a non-disclosure state. This means a consumer website can’t publish the value of your neighbor’s home or what they may have sold it for. That information can only come through the MLS.

Secondly, Zillow pulls data from public tax records and other similar sources to estimate the value of homes. Their estimate tool, the Zestimate, is merely an algorithm that calculates this public online information and is typically 5% to 15% higher or lower than the home’s actual value.

The best way to find your home’s true value is to contact a Realtor.

The best way to find your home’s true value is to contact a Realtor such as myself so we can conduct a free CMA (comparative market analysis) and accurately look at the values of the homes that have sold in your area.

If you have any other questions about Zillow or you’re interested in having us conduct a CMA for your home to calculate its worth down to the penny, don’t hesitate to give us a call or send us an email. We’d be glad to help.

What makes home inspections so important?

We’ve had clients tell us they don’t want to spend up to $500 on a home inspection because they feel like the home in question is in great shape. Skipping the home inspection is always an option, but we don’t recommend it.

We always recommend getting a home inspection.

Home inspections benefit you greatly because they’re there for your own protection. A home inspector will check all the systems within the home that can be seen, felt, and touched, and give you a written report that will give you invaluable peace of mind that the home is in great shape.

If you have any questions about home inspections or you’re thinking of buying or selling a home, don’t hesitate to get in touch with us. We’d be happy to help you.

Once you reach a certain point in your real estate transaction, knowing how to negotiate is going to be critical to your success.

Whether you’re a buyer or a seller, there are a few tips that can help.

First, enlist the help of a professional. Hiring a Realtor with a lot of experience will automatically place you in a better position. With a professional on your side helping you negotiate terms, you’re sure to strike a better deal.

Next, remember not to overprice your home. Negotiation can only get you so far, and overpricing your home can really backfire when you’re trying to close a deal. Price your home as close to its market value as possible.

Negotiating and renegotiating can be draining.

You also need to make sure you aren’t going back and forth too much. If you think a home is overpriced by $10,000, don’t just come back with an offer that is only $500 less. Negotiating and renegotiating can be draining.

You want to put yourself and the people on the other side of the deal through the least stress possible. Creating too much difficulty could break the sale completely.

Following these tips will help you to be vastly more successful in the negotiation process.

If you have any other questions or would like more information, feel free to give me a call or send me an email. I look forward to hearing from you soon.

Once you and your family have found the perfect home, how long does it take to close on the property?

The truth is, the hard part of the home buying process is finding the right home. If you and your Realtor have done a great job, you will already be pre-approved for your loan. If that’s the case, it’s really just between you and the seller to determine the closing date.

The mortgage company we work with can close a loan in just 14 days.

It is important that you work with an experienced Realtor who knows the importance of getting pre-approved. If you aren’t pre-approved, the closing process could take a bit longer.

An experienced agent will also know a great lender you can work with. The mortgage company that we usually work with can typically close a loan in just 14 days, so closing really doesn’t have to take that long.

If you have any other questions about buying a home or the closing process, just give me a call or send me an email. I may even answer your question with a video. I look forward to hearing from you!

If you live in a house that’s valued in the $150,000 to $400,000 price point and you’re considering moving up into a luxury home, you might be looking at a golden opportunity in our market, and I have the numbers to prove it.

According to the latest statistics, if your home is located in any one of the counties surrounding the DFW metroplex, it has appreciated in value about 10% in the last year. In that same time span, the supply of inventory in the $150,000 to $400,000 price point has held steady between two and 2.75 months. That’s practically no inventory for this time of year when demand is usually the highest. This combination of factors puts your current house in a strong seller’s market.

If you act now, you’d be selling in a hot seller’s market and buying in a strong buyer’s market.

In the $401,000 to $900,000 price point, which is considered a luxury price range, home appreciation has basically stayed flat. The supply of inventory in this price point has also been much higher, from six to eight months. That’s a lot of inventory, which makes this price point much more buyer friendly.

As you can see, by moving up into a luxury home, you’d be selling in a red-hot seller’s market and moving into a strong buyer's market. In other words, you might sell your current home over list price and get a great deal on the luxury home you intend to buy.

If you have any questions about this topic, please call, text, or email me. I would love to hear from you.