North Dallas & Plano Real Estate Blog - Home Sellers

"Happy Thanksgiving"

Working with home buyers and home sellers throughout the year is something my team and I are so "thankful" for. However, it goes way beyond just the transaction of helping people. We get to learn so much about them and they get to learn about us. We have formed so many wonderful relationships over the years that continue today. We feel honored when our past clients give us a call and ask for help during property tax time, when they need help finding vendors to work on their home or just to see how we are doing. We are so "thankful" that we have all of these relationships that go well beyond helping them with their residential transaction. I personally have had the opportunity to attend special events that some of my past clients have invited me to. I have…

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“Home Buying Frustration: How to Stay Sane and Find the Perfect Home”

Searching for a home to purchase can be fun or it can be tiring and stressful based on what we have heard from those trying to purchase a home. During the Covid period we saw a lot of frustration with people trying to find a home and then having to compete with multiple offers and losing their bid to someone who went way over list price. What are we experiencing in today’s market?

The DeBerry Team of KW works with lots of buyers during the year and therefore we get a lot of input. This year so far, we have seen more inventory coming on but still way below what is necessary to keep prices in check. Therefore, those in certain price ranges seem to be having a more difficult time finding the home they desire than those in higher price ranges. Why? Because…

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“What’s The Issue? Home Prices or Interest Rates?”

Some would say both. There is some truth to that, however, what has gone up the most? Home Prices! Traditionally home prices escalated around 4 to 6% annually. What we saw during the pandemic is home prices skyrocketing up, in some cases, 24% or more. No matter what the interest rates this is a huge increase. At one time, when interest rates up 18% or more, this was a big issue but homes were still selling. Why? The average home prices were at a level that these homes continued to be affordable.

The old saying really applies to this situation, “what comes first, the chicken or the egg?” Today’s case is home prices. It doesn’t matter what the interest rates are or at least doesn’t matter as much when home prices are affordable. Where do we go from here…

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Fed Increases Exchange Rate! Home Buying Panic-No!

Banks & Mortgage companies may increase rates based on the Fed .50 increase. Recently that hasn't really affected mortgage rates much. They actually moved down over the last few weeks. We will wait and see where they go now. How does that affect a home buying decision. If I used my argument of one of my past blogs, I would say don't let these things keep you from purchasing a home. Why? First, 5 months ago you would have had to bring a lot of money to the closing table. Today that is not the case and so interest rates don't have the affect of what happened recently. In fact, I think it is better not to pull money out of a 401 or other savings accounts just because you had to out-bid a person for a home. I would rather spread my risk over a longer period…

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"A Normalizing Market-Happy Holidays!"

Here we are in December and wondering where did the year go? As we all get ready for the holidays things like this go through our heads. With that said, our team has been helping both buyers and sellers with their real estate needs. November stats for single family resale homes have shown what I have been talking about in previous posts. Demand is down from the past 2 1/2 years and inventory, interest rates have increased. This time of year is typical to see demand dropping and the interest rates has had some cooling effect as well. However, we are still selling homes. There was 621 single family resale homes closed in November in Collin County. In perspective that beats years 2011, 2010, 2008, and 2003. On average over the past 18 years the average for…

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"Is A Home A Good Investment?"

This is a question that comes up with first time home buyers or investors looking to profit from buying and selling homes. The people we work with are those who are looking to start a family, downsize, increase the size of their home due to a growing family and a host of other reasons. People may want to move to a neighborhood where they have friends or to an area that has a school system they feel is better for their children. There is a host of reasons for purchasing a home and most that we work with, other than investors, are more concerned about the home itself, the location and if it will fit into their budget. 

Home ownership is a very personal decision. My husband and I lived in an apartment when we were very young. However, after a couple of…

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"3 Year October To October Comparison

The DeBerry Team continues to track what is happening in the Collin County market. Here is some information you may find interesting if not useful if you are thinking of buying or selling a pre-owned home. This information is provided by the Multiple Listing Service or MLS as most know it. We will be using "median" information for this blog. The medium sales price in Oct. 2019 was $325,000, in Oct 2020 it was $370,000 and in October 2021 it was $460,000. If you are thinking wow! You would be correct. The increases from to 2019 to 2020 was up 13.8% and from 2020 to 2021 it was up a whopping 24.3%. The over all median price for October from 2019 to 2021 showed an increase of 41.5%. With that said, our team has seen a marked reduction of how much people are…

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"The Hybrid Work Week Is Affecting Home Trends in 2021"

As a realtor, part of their job is to stay up on the latest home trends so they help clients that are selling their homes with accurate pricing. They need to be aware of what buyers in their local market are searching for and if their client wants to improve the likelihood of a quick sale, they can make recommendations about what renovations they should consider. 

Since more employers are implementing a hybrid work week thanks to COVID, surveyed real estate agents say these are five of the most in-demand features buyers are searching for. 

1. Dedicated office space

Employers all across the country are giving their employees the chance to work from home full-time or at the least part-time. The new hybrid work week plays a huge role in what buyers…

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