Pricing your house correctly

The other day an agent asked me how to price a home. It was a unique home and she said that they were going for about $130 per foot, which felt over-priced. I explained that the price per foot is just ONE of the factors that affect the final value. The most important part of pricing a home correctly is choosing your comparable sales. If you just use price per foot you will ignore the other factors that come into play in finding the correct value and getting the most for your home in today’s market. These factors include site influence (location), age, condition, internal and external obsolescence, and amenities, among others. If the home that you want to value is smaller and the other recent sales in the area tend to be larger and you use price per foot, you will under-price the home. The opposite is also true. If you are thinking about selling your home give me a call or email so we can talk about how to get the most for your home.

Nelson and Yvonne are home!

A great friend, Marci, reached out to me in the spring with the exciting news that her parents were moving back to Texas and asked for my help in finding them a home. After listening to what her parents wanted in a home, I put together a plan to get it. In a very competitive market, we were able to find the home that was perfect for them, and in a timely manner. Congratulations to the Maynard family on your new home!And welcome back to Texas! If you know of someone moving here to the DFW area please don't keep me a secret.

Sold on the first day more than list price!

Sandra and her husband were introduced to me by her sister Olivia. When I met Sandra, she told me that she and her husband were going to move to San Antonio and needed to sell their home. Sandra and I discussed about what she wanted to accomplish in selling their home—multiple offers generating a high price, quickly. After doing a detailed analysis of the market in their neighborhood, I advised them how to price and market their home to get more than one offer on the table in the shortest amount of time. On the first day we had 4 solid offers at much higher than the list price. Needless to say Sandra and her husband were very happy! Take a look at what Sandra wrote to me—making clients happy is the best part on my job! “I enjoyed working with you Mike. Your professionalism and feedback provided the positive outlook I needed! We were so fortunate to sale our home with only one day on the market! We were truly blessed. Thanks for the memories. Sandra :)” If you would like to talk about how to get the most money for your house, just give me a call.

Just Reduced the Price to $1800

$1,850/mo, 3Bd/2.5Ba Single Family House, 2361 sqft.

Mike Tobin | Keller Williams | 469-835-0540mike@teamtobin.com | 920 Orchid Dr, Lewisville, TX 75067 Great Rent home in Lewisville. Close to 3040 3Bd/2.5Ba Single Family House $1,850/mo Year Built 1998 Sq Footage 2361 sqft. Bedrooms 3 Beds Bathrooms 2.5 Baths Parking 2 Garage Lease Duration 1 Year Deposit $1,850 Pets Policy Dogs OK DESCRIPTION MOVE IN READY! Spacious home that is well maintained with upgrades including granite counters and whole house water filter. Open living & kitchen with sliding door to large flagstone patio & BOB fenced backyard. Oversized master with huge walk in closet. Enjoy the game, office area. Two blocks to elementary middle schools. Low E windows, solar attic fan, and a 16 SEER HVAC means lower bills! Close to parks. Lewisville see additional photos below Unit Features - Living room - Dining room - Master bath - Family room - Breakfast nook - Pantry - Office - Range / Oven - Refrigerator - Dishwasher - Microwave - Garbage disposal - Yard - Fenced yard - Lawn - Porch - Sprinkler system - Central A/C - Ceiling fans - High-speed internet - Tile floor - Granite countertop - Fireplace Terms Fridge included. Tenant responsible for utilities. ADDITIONAL PHOTOS Contact info: Mike Tobin Keller Williams 469-835-0540 mike@teamtobin.com Posted: Apr 26, 2015, 9:12pm EDT

Size matters...In your home's value

  Today I am talking about the value of your home and one of the many things that affect that. There are some simple things you can do to make sure you get the most money for your home. Have your home measured by a licensed appraiser before it hits the market. You see the tax man does not measure the home and only takes the builders word for it. I spoke with an appraiser about measuring homes and he said in all the homes that he measured he found that 95% of the homes had a wrong square footage, sometimes by as much as 250 square feet. That would affect the value of the home drastically. If you would like to talk about what you need to do before you list your home to sell just give me a call, 469-835-0540  

Have a great day

P.S. If you want a comparative market analysis of your home then click the link to the right "Whats your home worth"

Appraisal Time Bomb!?

After the appraisal is complete for a government backed secured loan there will be another check on the appraisal report. This check will expand the number of comparable sales and possibly negatively affect the appraised value. As your Realtor it is my job to keep you informed. Take a look at a full explanation here. As with all changes in real estate we will have to wait and see...

Appraisal Time Bomb