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

Harvard’s 5 Financial Reasons to Buy a Home

November 17, 2014 in For Buyers    

              

Eric Belsky is Managing Director of the Joint Center of Housing Studies at Harvard University. He also currently serves on the editorial board of the Journal of Housing Research and Housing Policy Debate. Last year, he released a paper on homeownership - The Dream Lives On: the Future of Homeownership in America. In his paper, Belsky reveals five financial reasons people should consider buying a home.
Here are the five reasons, each followed by an excerpt from the study:

1.) Housing is typically the one leveraged investment available.

“Few households are interested in borrowing money to buy stocks and bonds and few lenders are willing to lend them the money. As a result, homeownership allows households to amplify any appreciation on the value of their homes by a leverage factor. Even a hefty 20 percent down payment results in a leverage factor of five so that every percentage point rise in the value of the home is a 5 percent return on their equity. With many buyers putting 10 percent or less down, their leverage factor is 10 or more.”

2.) You're paying for housing whether you own or rent. 

“Homeowners pay debt service to pay down their own principal while households that rent pay down the principal of a landlord.”

3.) Owning is usually a form of “forced savings”.

“Since many people have trouble saving and have to make a housing payment one way or the other, owning a home can overcome people’s tendency to defer savings to another day.”

4.) There are substantial tax benefits to owning.

“Homeowners are able to deduct mortgage interest and property taxes from income...On top of all this, capital gains up to $250,000 are excluded from income for single filers and up to $500,000 for married couples if they sell their homes for a gain.”

5.) Owning is a hedge against inflation.

“Housing costs and rents have tended over most time periods to go up at or higher than the rate of inflation, making owning an attractive proposition.”

Bottom Line

We realize that homeownership makes sense for many Americans for an assortment of social and family reasons. It also makes sense financially.

Don't Wait! Move Up to the Home You Always Wanted

Don’t Wait! Move Up to the Home You Always Wanted

Posted: 13 Oct 2014 04:00 AM PDT

Now that the housing market has stabilized, more and more homeowners are considering moving up to the home they have always dreamed of. Prices are still below those of a few years ago and interest rates are still below 5%.

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Don't get priced out of your 'Dream Home'... pay attention to interest rates. #KCM2014
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However, sellers should realize that waiting to make the move while mortgage rates are increasing probably doesn’t make sense. As rates increase, the price of the house you can buy will decrease.

Here is a chart detailing this point:

Best tool on the internet to search for homes with your phone.