Tagged : sellers

There are currently 11 blog entries matching this tag.

The DeBerry Team closed approximately 100 homes this past year in spite of the virus, virtual closings, virtual showings and  prepping for personal showings. We adapted and we overcame!! This past year was very strange due to the virus. We started off the year gang busters and then in March things started to quiet down and that lasted for about 3 weeks. Then, for some unknown reason the activity started back up with a bang! We were all scrambling to help clients find homes in a low inventory market and to sell homes that were receiving multiple offers. Busy doesn't describe how busy we actually were. People wanted to move and to buy homes and we were there to assist them and protect them during the real estate process due to the virus. The DeBerry Team

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The Market in Collin County for both new construction and pre-owned homes continued on a rampage in September. What do I mean! Competition for homes coming on the market are fierce in many areas. What does that mean? Multiple Offers! We are deep into a "Sellers' Market". However, mortgage rates are at all time lows and that is generating a large demand for homes. We started the year with very low inventory and with this high demand it is gobbling up our inventory at a rapid pace. Many areas are now only 1.5 months of inventory or less and that is all types of single family homes. The median price for most new construction homes have increased and that may be due to a large increase in the cost of lumber. I have been told that the increases are upwards to

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The Market Has Definitely Changed! My Buyer Specialists have been working with many buyers working to find them the home they desire. They are having to compete with many multiple offers and so they have to use their knowledge and skill to win in those type of situations. Our seller specialists have been listing homes for those willing to get the most for their home and helping them negotiate the multiple offers that they are receiving. Right now is an excellent time to sell a home since the inventory is low and the ability to get more for your home is great! 

Look at these numbers for Collin County and some of the areas we follow each week and month. Collin County-Days on Market=45 days!, Allen-Days on Market=33 days!, Frisco-Days on Market 36 days!,

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Many people have asked me and my team what is going on with home sales during the pandemic? There are some people who have taken their homes off the market and yes buyer traffic has been reduced but not eliminated. Our team is still listing homes and also showing buyers who need to find a home. We track approximately 18 areas to make sure we understand the dynamics of the market. Most areas are in Collin County but we also have a couple of areas outside of that like north Dallas, Rockwall and parts of Denton County. This gives us a good picture of the activity. This past week ending April 19th there were 380 single family homes that "Sold". Based on the approximate same weekly period last month there were 363 homes that "Sold". So you can see that we had

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What will 2020 bring residential real estate in Collin County and in North Texas in general? As we have seen over this past year home prices continued to move up approximately 4% in 2019. However, the movement upward has slowed. Why? First, more inventory came onto the market and second the demand in the lower price ranges was high but inventory for that product was low causing those who could get into a home to wait. Even though interest rates remained at an all time low it did not spur a surge in activity due to shortage of these type of products. Until this changes I think we will see still see more of the same in 2020. 

A sellers market vs a buyers market. There have only been a few months over the last decade that we might be able to look back and

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As many of my readers know, my husband Larry tracks and updates our team on a weekly, monthly, quarterly basis of what is going on in our market area and in some of the top selling areas for our team. The information is also great for buyers and sellers of residential real estate because it can assist them with making decisions to how to take advantage of market conditions. Let's see what he told us about the 1st quarter of 2019.

In Collin County inventory of homes have has been rising in most cities over the 1st quarter of 2019. You would think that this might have a negative effect on home pricing. The answer to that is yes and no. First, home prices have grown at a slower percentage this first quarter than in 2018. 2nd, however home prices have

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My husband I have sold three homes and bought 4 over our lifetime. We know first hand the stress that comes with buying and selling a home personally. In fact, when I first started in real estate I worked with both buyers and sellers and for me personally I could see my clients stress and excitement at reaching their goals of either buyng a home, selling a home or both. As I learned more about the things that caused these stresses and what was needed in each of these unique transactions of either buying or selling, I made some adjustments to my business. Here are a the things I felt was necessary and the reasons I implemented them for the benefit or our clients. I decided that since each area of either buying or selling is so unique that I needed agents

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The numbers are in for the first 8 months for pre-owned homes in Collin County. Remember this is taking the whole county into consideration and may not be reflective of your personal city or neighborhood. Check with your realtor if you are interested in finding out more about statistics for your own neighborhood since those numbers can vary from area to area. I want to give you an explanation between two numbers realtors frequently use and how they are calculated. First is the Medium range and the second in the Averagerange.  

The median of a set of numbers is that number where half the numbers are lower and half the numbers are higher. In the case of real estate, that means that the median is the price where half the homes sold that month were cheaper,

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Every year is different and every month is different as well in real estate. What is consistent is that no matter what the market, homes continue to be bought and sold.

Over the past 10 years we have only seen two years that were either called a "buyers market" or a "balanced market". A buyers market is one that buyers have the advantage and is usually spurred by an overage of inventory. A balanced market is one that neither the seller or the buyer has an advantage but the inventory makes for a competitive market for both the buyer and seller. A "Sellers Market" is one where sellers have the advantage and it is usually caused by a shortage of inventory of homes. This is where we are at today in the Collin County marketplace.

8 of the last 10 years

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Selling a home might sound like it is easy in this market, however there are still homes that continue to sit on the market. In many cases the homes that sit are the ones that are not priced right. An experienced realtor who understands what the market is in the sellers neighborhood is key to getting the right evaluation. I can also tell you that staged homes have an advantage over non-staged homes, unless the seller is an interior decorator or professional stager themselves. Updating a home is also key to getting people to make an offer. If people are opposed to old appliances or wall paper then it may take longer to get a sale at the price you expect for your home. Windows need to be clean and for that fact the whole home needs to be clean. Walk up…
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