Most people think they know a lot about credit scores. It is a little more complex than people actually know. People believe there are 3 credit bureaus and people recognize the term "FICO" score. FICO stands for Fair Isaac Corporation and what you didn't know is that they have is 55 different scoring models and FICO is not the only company out there that creates scoring models. The mortgage industry is using Beacon 5.0, Fair Isaac Version II, and Classic 04. The Internet Credit Bureaus with all their marketing and selling are not using any of these 3. So to get your accurate credit score to obtain a mortgage go to your mortgage professional.

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  1. How many years have you been in the business?
  2. How many homes have you sold?
  3. How many homes have you sold in my area?
  4. What do you do everyday to try to get my home sold?
  5. What is the average price range of the homes you have sold?
  6. What is your average days on market?
  7. How accurate are you in pricing homes?
  8. What marketing do you do to attract buyers?
  9. How available to buyers are you everyday?
  10. How available will you be to me if I need to talk with you?

These 10 questions might help in determining who you would like to represent you in selling your home. I have also added a link to another 12 Questions that might overlap some of what I have already put together above. I hope this helps for those looking to sell their homes. If…

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When making a decision to sell a home you usually want to look at what is going on in the market. Are homes selling for higher prices as in a "Sellers Market" or are homes selling at competitive prices as in a "Buyers Market". My advice here is that no matter what the market if you are planning on selling and then buying another home the market really isn't the major decision. The reason I say this is because if you sell when the market is considered a "Buyers Market" you may sell for less but when you also go to purchase prices will be competitive as well. If it is a "Sellers Market" then you may sell for more but you will also have to expect to pay more for the next home. They key is to understand that usually in a "Sellers Market" inventory that you…

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In the Collin County, North Dallas area home prices have increase while mortgage rates have remained very favorably. Competition can be fierce on certain homes. Buyers must be aware that they need to come in with their best offer to secure a home and even then it may not be enough. The reason is that you may be competing with a cash buyer and sometimes the sellers feel this is a better deal since the cash buyer does not have to secure a loan and in many cases won't do an appraisal of the home. Your realtor should be advising you when making an offer so just be aware that all offers even at the same price are not always equal because of other factors.

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Over the last few months the north Dallas area has seen prices moving upward because of a lack of inventory. This is always the case on all products that become in short supply. However, even though buyers are paying more for a home they are still getting great mortgage rates. If a buyer has a home to sell then usually things even out since you are getting more on the sales price of the home you are selling. For more information about the market or about a specific area, please give us a call at 214-215-5106 and we will be happy to answer any of your real estate related questions.

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Inventory in Collin County remains low and sales were down slightly from last February. However, we are noticing multiple offers on many of our listings. Home prices have gone up since last Febuary in most cities. Our advice if you are purchasing a home make sure that you are pre-approved, and ready to give you best offer up front. Listen to the advice of your realtor because they know what the market is doing.

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Valentines Day is about sharing your love. I would like to suggest that we don't just share our love with those closest to us but with everyone we come into contact with. Maybe then it will make our world just a little bit better. Even it is just for a day!

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Our website has attracted over 75 new visitors in the past couple of weeks looking to buy or lease homes. We don't usually get involved with leases but we can answer questions where needed. So if you have a question about real estate let us know.

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Roxanne DeBerry-I was asked about what changes are there for people getting mortgages. There really hasn't been much of a change in qualifying for a mortgage. There has just been changes to those who provide mortgages and additional paperwork that needs to be filled out by those getting a mortgage. I would suggest speaking to a mortgage professional about the recent changes. Call us if you need a great mortgage professional to speak to.

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Roxanne DeBerry Recently I was asked how the economy was going to effect real estate in the north Dallas and Collin County areas. First, we have been blessed with very good employment which is always good for real estate. As long as our state continues to attract companies to the area and new inhabitants, our market should be good for this next year. At present our biggest issue is inventory. We need more homes to offer to those who are interested in buying.

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