Sign up to get new listings emailed daily! JOIN SIGN IN
Laura Morin
REALTOR®, GRI
(469) 400-5465
Facebook Icon LinkedIn Icon YouTube Icon Pinterest Icon Instagram Icon VCard Icon 

Articles Tagged "RE/MAX DFW Associates"

Laura's Latest Home

Subscribe and receive email notifications of new blog posts.




rss logo RSS Feed
Allen TX | 8 Posts
Buying a House | 7 Posts
Coming Soon! | 2 Posts
Coppell, TX | 1 Posts
Covid | 1 Posts
Covid-19 Update | 2 Posts
Dallas TX | 15 Posts
DFW | 5 Posts
DFW Real Estate | 30 Posts
Economy | 42 Posts
Exurb Counties | 2 Posts
Financial News | 1 Posts
Forth Worth TX | 1 Posts
Frisco TX | 5 Posts
Home Appraisals | 1 Posts
Home Prices | 7 Posts
Home Sales | 4 Posts
Home Showings | 1 Posts
Homebuyers | 1 Posts
Homeowner Tips | 1 Posts
Homeownership | 5 Posts
Housing Starts | 5 Posts
iBuyers | 1 Posts
In The News | 4 Posts
Inflation | 1 Posts
Las Colinas TX | 1 Posts
New Build | 1 Posts
Plano, TX | 2 Posts
Relocation | 1 Posts
Renting | 1 Posts
School News | 3 Posts
Taxes | 4 Posts
The Economy | 4 Posts
Zillow | 1 Posts
Dallas | Foreclosure | Fort Worth | Jobs | Home Sales | Coppell | Carrollton | Flower Mound | Real Estate | Plano | Frisco | Relocation | Moving | New Construction | New Building | Home Prices | Home Prices | New Contruction | Growth | Forclosure | real estate | dallas | fort worth | remax | search for homes | Schools | Taxes | Dallas-Ft Worth | Growth | Trophy Club | 55+ Retirement Communities | Frisco | Roanoke | Byron Nelson | New Construction | Jobs | Texas | Schools | Little Elm | Little Elm | Frisco | DART | Commuter Rail | Public Transportation | Argyle | Lantana | New Construction | Fort Worth | RE/MAX | Real Estate | RE/MAX | Real Estate | Southlake | RE/MAX | Sales | Agents | Coppell | Flower Mound | Carrollton | Plano | Frisco | Irving | Relocation | Dallas | real estate | remax dfw | Dallas-Fort Worth | Housing | Real Estate | Economy | buying a house | buying a home | home buying tips | RE/MAX DFW Associates | Colleyville | Grapevine | Selling a house | Las Colinas | Valley Ranch | DFW neighborhoods | Keller | Arlington TX | Bedford TX | Euless TX | Hurst TX | Keller TX | Southlake TX | Selling a Home | area information | Denton TX | homeowner tips | First-time Home Buyer | RE/MAX DFW Associates | purchase offer | Buying a condo | First-time Buyers | Millennial Buyers | Baby Boomers | Retirement Community | Kitchen Remodel | Increase Home Value | Local businesses | St. Patrick's Day | Financing a home | For sellers | Painting tips | Downsizing | Homeownership | Homebuying tips | For buyers | Frisco, TX | Plano, TX | Addison TX | Allen TX | Anna TX | Aubrey TX | Celina TX | Corinth TX | Farmers Branch TX | Garland TX | Grand Prairie TX | Gunter TX | Highland Village TX | Justin TX | Lewisville TX | McKinney TX | Melissa TX | Mesquite TX | Murphy TX | Prosper TX | Richardson TX | Rockwall TX | Rowlett TX | Sachse TX | The Colony TX | Wylie TX | The Market | Zillow | Renting | DFW Metroplex | Interest Rates | Covid | Pandemic | Omicron | Homeschool | Christian Schools | IBuyers | Investors | Showings | Listings | Homebuilding | inflation | Homebuilding Permits | Home Showings | Appraisals | Exurbs | Suburbs
August
23

Dallas-Fort Worth Only U.S. Market Where Home Sale Prices Dropped Last Month

The North Texas housing market is downshifting quickly, with Dallas-Fort Worth being the only U.S. market to see a decrease in home sale prices last month, according to a report released today.  DFW home prices are down 1.9% year over year in July, according to the latest Re/Max National Housing Report.

 

And what a difference a month makes.  Last month, DFW led the U.S. for home price increases, with June prices up 29.3% over the previous year.   In hard numbers, home sales prices in DFW fell to $413,900 in July from $422,000 in July 2021.   Homes in DFW spend an average of 23 days on the market before selling.

 

Higher interest rates and inflation, as well as record home prices, triggered a sharp drop in demand for housing, said Todd Luong, a realtor with Re/Max DFW Associates:  "Here at our Re/Max office in Dallas-Fort Worth, our listings are currently getting on average 2.7 showings per week," Luong said. "Last year, at this same time, our listings were earning on average 5.9 showings per week. That is a huge drop in buyer demand compared to the previous year. Record home prices and higher mortgage rates have forced many potential buyers out of the market, especially first-time homebuyers."

 

While the latest trends may disappoint some sellers, buyers now have more choices and better opportunities for good deals, Luong said.   Luong said that the DFW housing market has been challenged with low inventory for years and reached an all-time low earlier this year, with only a two-week supply. Now, however, inventory is increasing.  "Although buyers have more choices now, it is still not a balanced market as we only have about a two-month housing supply," Luong said. "In a normal market, you have about a five to six-month supply of housing."

 

A new report from Zillow also found falling home values, although the numbers didn't match Re/Max's precisely because of different study methods and different geographic definitions of DFW as a metro area, among other reasons.  According to Zillow's findings, the Dallas-Fort Worth metro area's typical home value is $396,904, down 1.1% since June, the first month of decline. Values are up 55.4% since July 2019.

 

Zillow also reported that the mortgage payment on a typical home in DFW is $2,633 a month, including taxes and insurance. That's up 77.4% compared to July 2019.

According to Zillow, inventory in DFW has risen 10.2% since June, and the share of listings with a price cut in July was 22%, compared to 15.6% in June.  Nationwide, after two years of unprecedented growth, home values fell for the first time since 2012 as competition for houses eased, according to Zillow's July market report.

 

The slowdown is being driven by decreased competition among buyers. Zillow's analysis says that affordability pressures have pushed many to the sidelines, and buyers are waiting in the wings to resume their search if and when prices relax a bit.  Skylar Olsen, Zillow's chief economist, called the flattening of home values "a badly needed rebalancing.  This slowdown is about discouraged buyers pulling back after the affordability shock from higher rates," Olsen said. "As prices soften, many will renew their interest, and we will continue our progress back to 'normal.'"

 

Luong said he sees positive signs in the market.  The interest rate for a 30-year fixed mortgage dropped below 5% after peaking in June. More than 290,000 new jobs were added in Dallas-Fort Worth last year, so North Texas has one of the strongest labor markets in the country.   "Reasonably priced homes that are in good condition and move-in ready are still selling very fast," he said. "However, the bidding wars have subsided considerably across the board."

  • Dallas Business Journal, August 19, 2022
January
11

How to Make Your Home Smarter this Year

Smart Home DFW

Have you thought about jumping on the bandwagon and making your home smarter in 2021? If not, maybe you should. There are so many ways smart features increase your home's comfort, security, and efficiency that a smart system bears looking at. What's more, if you're listing your home among Dallas homes for sale or Plano homes for sale, you might include the smart system and appliances as a selling point.

In case you're not familiar with all the features you could have with a smart system, let's look at a rundown.

  1. Smart Home Assistant
    The smart home assistant is the foundation for any smart system. There are two that dominate the market: Amazon Echo with Alexa and Google Home with smart speakers. Similar to the way they work, these devices control all the other smart devices in your home, from lights and doorbells to security alarms and cameras.

  2. Smart Hub
    If you go with a smart speaker without a built-in hub, you'll need a smart hub for automating all the smart devices in your home through only one app. A couple of the best are the Smart Things Hub and the Hubitat Elevation Home Automation Hub.

  3. Lighting
    No need to get up. Add smart bulbs and control the lights through your phone, either by voice or touch. Still at the office? Turn on some light for the dog remotely. Change the mood by changing the color of the light if you opt for RGB lighting.
  4. HVAC Thermostat
    Manage your home's environment from near or far with a smart thermostat. Use an app on your smartphone or tablet to control the temperature; depending on if you have an in-house humidifier, you might even be able to raise or lower humidity. Some systems can sense your approach and raise or lower the temperature for your comfort. Need an analysis of your energy usage? A smart thermostat can do that as well.

  5. Carbon Monoxide and Smoke Detectors
    Smart smoke detectors not only detect smoke but send a message to your phone that there's a problem.

  6. Garage Door Opener
    Let workers in your garage when you're away with an app on your phone. Did you forget to close the garage door? No problem. You can close it remotely as long as you can access Wi-fi.

  7. Smart Security Features
    A complete smart security system should include indoor and outdoor cameras, door locks, lighting, and even the doorbell. Here's how these features play into your overall security strategy:
    • Indoor camera -- There are many reasons to monitor what's going on inside your home, from watching a babysitter or cleaning employee to monitoring your pets' activities to recording a break-in.
    • Outdoor camera -- Again, you want to be able to record who comes up to your front door and what they do. The Nest outdoor security camera comes with night vision and has a built-in microphone and speaker; plus, you can use the app for the Nest to view live footage on your smartphone.
    • Door lock -- These devices do away with the need for keys; you can unlock them via your smartphone or with a fingerprint or a pin.
    • Doorbell -- These come with a camera that lets you see who's ringing the bell and communicate with them through your phone. Some devices have the ability to recognize your visitors.

Our real estate agents can help you upgrade your home and appliances to create a more convenient, efficient, and secure smart system. Contact us today. 

December
14

4 Ways to Give Back in the DFW This Holiday Season

DFW Giving Back

The holiday season ushers in excitement, but for thousands of men, women, and children in the Dallas-Fort Worth area, this time of the year is especially difficult. Some of our family members, friend, neighbors, and coworkers struggle to make ends meet or receive the care that they need. Our real estate agents understand that this time of the year is busy, but we shouldn't let shopping and festivities distract us from the reason for the season. Above all, these next few days give us the opportunity to share our kindness, spread joy, and brighten the lives of whomever we can. We encourage you to give back to the DFW this holiday season through one of these compassionate acts.

  1. Adopt a Family
    Our society is accustomed to giving and receiving gifts this time of the year. This custom makes it exceptionally difficult for those under financial stress to stay in high spirits. Thankfully, you can make sure that everyone has a gift to open during the season by adopting a family. Many organizations provide wish-lists for families or children in need, such as these DFW charities:
  1. Volunteer at a Shelter
    The gift of your time is often much more valuable and personal than any physical gift that you can give. Multiple charities throughout the DFW need various forms of in-person assistance. For instance, some food banks need help sorting donations, while others need help serving food to those in need. Consider signing up to volunteer at some of these local organizations:
  1. Donate Vital Items
    If you're unable to volunteer at a local shelter or food bank, you can still donate items to ensure that their pantries are fully stocked. It may not seem like much, but a few cans of vegetables and toiletries can make a world of difference in the lives of those in need. Help a family receive the nourishment and self-care that they need by donating food or goods to these charities:
  1. Shop Small
    While we admire anyone who makes an effort to give back to our communities directly, we also understand that it's an afterthought if you aren't used to donating. Thankfully, many of our local businesses are committed to giving back throughout the year. They donate proceeds from their sales to organizations that keep our community strong. Ask your favorite shops if they're supporting local charities this holiday season and shop small as much as possible to keep our economy and community healthy.

We hope that you take any opportunity to help those in our communities who need it most this holiday season. As always, if you would like assistance with your search for Dallas homes for sale and Fort Worth homes for sale, please don't hesitate to reach out. Contact us today to find your dream home in the Lone Star State.

November
27

5 Smart Reasons to Buy a Home at the Holidays

Buying a Home at the Holidays

The real estate market is booming in North Texas. You'll find Dallas homes for sale in a variety of neighborhoods to suit many potential homebuyers' needs. However, when is the best season to purchase a new home? Surprisingly, it's not always in the spring. The holiday season is an ideal time to buy a new house. While it may seem like another stressor with the holiday baking, shopping, and family commitments, our real estate agents have listed these five reasons for house hunting during the holiday season.

  1. Less Competition
    During the winter, there is around 25 percent fewer houses for homebuyers to consider; however, there are also fewer house hunters during the holiday season. Many take a month off to attend that holiday party, which means fewer open houses to walk through or less home-buying competition in a bidding war.

  2. Motivated and Desperate Sellers
    These sellers are likely motivated and more willing to negotiate to with serious buyers. Most sellers aren't any more enthusiastic to be selling their house during the holiday season than you are about house hunting during it. However, they've got a reason for it.

    Some homes listed in early fall are still not sold.  Therefore,  homeowners may be willing to negotiate to complete the sale year's end. Others may be relocating for a new job and need to sell quickly.

  3. Faster Closings
    Both parties are motivated to close on the house to complete everything before the holiday with a goal to move and unpack before Christmas. If the sellers are relocating, they'll have everything taken care of as well.   Nearly all professionals from the real estate agent to the mortgage broker want to report the home as closed before the end of the year.

  4. Tax Advantages
    Closing near the end of the year can also bring you more significant tax breaks. Recently, the House of Representatives passed a GOP bill that allows new homeowners to subtract the interest of their mortgage up to $500,000. Also, some states have a homeowner's tax exemption. Therefore, closing by the end of December can make a huge difference whether you receive those valuable tax savings.

  5. Envision the House in Winter
    Touring houses in the winter allows you to see both positive and negative issues.  While you can see the neighborhood trimmed in lights, you'll also notice how quickly the city plows so you know you won't be driving on a poorly maintained road.  Also, you can check that the heating system works correctly throughout the house or if the front door jams in freezing and icy conditions. These issues don't often appear on a warm spring day.

If you're interested in DFW real estate opportunities, contact us at RE/MAX DFW Associates today.

April
5

Discover What's Blooming at the Dallas Arboretum

Dallas Arboretum
One of the best things about living in the Dallas/Fort Worth Metroplex is the weather, which makes it possible to grow an amazing number of flowers, some which will bloom all year long. One of the best places to see the beauty of the horticulture of our area is the Dallas Arboretum, located at 8525 Garland Road, on the shores of White Rock Lake. 

More than a million visitors walk through the gates of the Dallas Arboretum each year to enjoy quiet strolls through the themed gardens and to participate in educational events and activities that celebrate the art and science of southwest horticulture.

Dallas Arboretum Children's Garden

The Rory Meyers Children's Adventure Garden, one of the best family-friendly activities in Dallas, was designed with kids, their teachers, and families in mind.  It gives the Garden's visitors the opportunity to experience life and earth science firsthand with over 150 activities focusing on nature.

The Arboretum hosts a calendar of events and entertainment each year, not only focused on flowers and trees but also including live music and arts. It's this combination of beauty and fun things to see and do that make this one of the most popular spots in the area for residents and tourists alike.

Dallas Arboretum Gardens

If you ask one of our agents at RE/MAX DFW Associates about the Arboretum, they'll likely tell you they love this place because of the creative ideas it provides for putting your personal stamp on a new home. And when you are viewing Dallas homes for sale, it's fun to imagine all of the different ways you can add color and beauty to the landscape to make a new property uniquely your own.

People who relocate to North Texas from other parts of the country often marvel at the large variety of colorful flowers, flowering trees, bushes and shrubs that thrive in our climate. By planning carefully, you can create gardens and landscapes that bloom all year. 

The Dallas Arboretum is a great place to learn about the specific flowers and shrubbery that will keep your yard looking great, so be sure to make a trip there this spring to enjoy the blooms of our North Texas environment and to get tips for making the landscape at your new home a colorful oasis.

To begin your search for homes for sale in the Dallas/Fort Worth area, contact RE/MAX DFW Associates.

March
22

Plano Ranked as Top Retirement City in the US

Plano Top US Retirement City
Are you searching for the perfect place to call home in retirement, where you can enjoy life, live comfortably, and find more than enough attractions to keep you busy? Do you want all of those things, without leaving the DFW area? Then we've got the perfect community for you. Plano, TX regularly ranks as one of the best places in the country for retirement, and our real estate agents have all the details on why you'll love spending your retirement in the city.

Plano Regularly Ranks at the Top of Retirement Lists

One of the first things you'll notice when researching Plano is that the city always seems to pop up on lists of the best places to retire. You'll find many reasons why that's the case, but ultimately it comes down to a safe city, with a strong economy, and a ton of attractions to keep you engaged no matter what you love to do for fun.

Enjoy a Healthy Economy

The DFW area is booming, and Plano is a great example of why that's the case. Large brands like Frito Lay, Intel, and Cinemark Theatres are headquartered in Plano, while the community also boasts a vibrant, thriving collection of local small businesses. If you're looking for a city with a bright economic future, Plano deserves a spot near the top of your list.

A Convenient, Central DFW Location

There's plenty to do close to home when you retire in Plano, and you'll also have easy access to other great DFW communities when you're in the mood for something different. Downtown Dallas is less than 20 miles from Plano, and public transportation is available when you're not in the mood to drive.

Delightful Downtown

Plano's downtown area has been revitalized in a major way and has earned a ranking in Livability's list of the 10 best downtowns in the country. The Historic Downtown Plano Arts District is loaded with scenic places, art galleries, great food, and unique businesses. And it's walkable, so you can stay in shape while you enjoy all that the city has to offer.

Healthcare Close to Home

You won't have to worry about traveling far to find a great doctor when you live in Plano because there are tons of great medical services close to home. The city is home to 10 hospitals, with the latest treatment options and access to some of the top specialists in the country. Nearby Dallas and Fort Worth also offer an excellent standard of medical care.

A Mix of City Life and Outdoor Fun

Do you want to make sure that you can enjoy the great outdoors, even when living in a large, suburban community? Plano offers an extensive parks system, with trails, athletic facilities, and playgrounds for the kids (or grandkids!). There are also more than 60 lakes nearby when you're in the mood for some fishing.

Finding Your Own Reasons to Love Plano

Plano ranks high on retirement lists in part because the city appeals to so many interests, and you're sure to find your own reasons to add to the list when you call Plano home. Ample attractions, excellent healthcare, and a strong economy are just the start of what to expect in Plano.

Are you ready to start living the retirement dream in Plano, TX, and searching for the right real estate team to help you accomplish your goals? Contact us at RE/MAX DFW Associates in Plano to buy and sell homes throughout the Plano, TX area.

March
5

6 Secrets for Getting Your D-FW Home Offer Accepted

DFW Home Offer Accepted
If you follow local real estate news, you already know that North Texas has been identified as one of the country's hottest real estate markets. Home prices are rising and sellers are expecting to sell their homes at their asking price or better. Whether you're considering Dallas homes or Fort Worth homes, you're negotiating in a seller's market. You must bid conscientiously or risk missing out on a home you love. 

Our REALTORS® understand it can be difficult for your offer to get a seller's attention, especially when they realize that the next buyer might be willing to pay more. When you're ready to begin your home search, we'll be here to help with "Six Secrets for Getting Your Offer Accepted."

  1. Get Pre-approved
    You may have heard this before, but it's worth repeating. For sellers and realtors to take you seriously, you must get pre-approved. No one wants to waste time on home tours and bidding wars with unqualified buyers.

    During the approval process, your mortgage company reviews your financial data and decides whether or not they would finance you and for how much. The letter they issue isn't a guarantee, but it tells the buyer that the mortgage company considers you financially ready to buy.

  2. Don't procrastinate
    When you're serious about buying a home, you must put a lock on any indecisive tendencies. You won't have forever to make up your mind about a home you love. You have to decide quickly and get your offer on the record. With so many buyers out there, you're destined to lose your dream home if you spend too much time mulling it over.

  3. Go big or stay put
    If you find the right home at the right price, don't try and lowball an offer. When home prices are rising, sellers know they can sell. They won't be tempted by a half-hearted offer. It's important to make a good offer the first time around or you might not get another chance. Maintain a little wiggle room to negotiate if you must, but don't nickel and dime the seller.

  4. Be a person
    Sometimes money isn't enough to win a bidding war. Sellers are human so they respond to humanness. They want to know who's buying their home, so let them know when you bid. Send a personal note. Identify yourself. Talk about sipping coffee on the porch while your children play in the backyard. Your bid will be coming from a real person.

  5. Pay cash if you can
    Cash is a wonderful option for sellers. Cash is simple. It speeds up the closing process and eliminates the mortgage company's complicated documents. When you make pay cash, the built-in benefits encourage a seller to accept a lower offer.

  6. Give the seller more than one option
    It's a known selling norm that people prefer to choose between something and something as opposed to choosing between something and nothing. Try making a two-part offer that forces the seller to think.

    - Bid a cash offer for one amount. (i.e. $200,000).
    - Supplement that with an offer that's higher (i.e. $220,000) because it requires financing.

    With two offers, the seller has options. They can accept the lower offer, take the cash, and avoid a lengthy mortgage approval process. Or they can take the bigger offer and wait.

The bidding process can be complicated, especially when there's a lot of buyer competition. Contact us when you're ready to begin your Texas home search.

February
22

Five Favorite Flavors: Best Restaurants in Coppell, TX

Coppell Texas Restaurants
In the diverse neighborhood of Coppell, TX, you will find plenty of restaurants and food joints offering a variety of cuisines and food choices that will definitely treat your taste buds. Seafood is a prominent choice, thanks to the easy access to freshly caught saltwater fish. If you are looking for a good brunch spot or dinner restaurant for your family, Our REALTORS® in Coppell have a few recommendations.

  1. J Macklin's Grill - 130 N Denton Tap Rd #120, Coppell
    This Coppell mainstay is a great place for a casual and sociable dining experience, making it the perfect place for a family meal. You can have a filing start to your day with jalapeno cheese grits, griddle cakes, chorizo eggroll, and homemade beignets. For lunch or dinner, go for bacon cheeseburgers, Buffalo chicken eggrolls, fish and chips, Dr. Pepper braised short ribs, pork chops, Atlantic salmon, and chicken and waffles. To end the meal on a sweet note, you can have a dessert of peach cobbler or bread pudding.

  2. Twisted Root Burger Company - 505 Houston St, Coppell
    The space is laid out very nicely, with a downtown chic décor and a great patio. The burgers are plentiful and amazing. There are a variety of exotic meats like buffalo, gator, kangaroo, etc. Some of their favorite burgers include the classic, the spicy goat, the western, in the buff, lots-a-shroom, and freshman 15. Your kids will enjoy the grilled cheese and fries, ground turkey nuggets, and kid's burgers. You can never go wrong with a side of fried pickles, potato chips, fried green beans and carrots, and fried onion strings.

  3. Carmel Restaurant and Lounge - 15 S Denton Tap Rd Suite 100, Coppell
    Ever eaten Israeli food? Well, Carmel Restaurant and Lounge is a fine dining restaurant offering cuisine found in the Carmel Mountains, Jerusalem. Some of the dishes to try include Bone-In Pork Chops, Prime Grade Rib-Eye, Four Peppercorn Crusted Filet Mignon, Chicken Skewered Marinated in Sumac, Four Peppercorn Crusted Beef, and Carmel's Signature Fresh Chilean Sea Bass.

  4. Hard Eight BBQ - 688 Freeport Pkwy, Coppell
    Prepare for a wonderful and flavorful mesquite smoke and a real BBQ experience when you enter then Hard Eight BBQ. The meats are ordered right off the smoker. Their dessert and sides include free jalapeno-spiced pinto beans, hot seasoned fries, chunky slaw, and hand-battered onion rings. Corn is also available boiled or roasted.

  5. Anamia's - 106 N Denton Tap Rd, Coppell
    This is an eatery with a range of fare for brunch, lunch, and dinner. Some of the options include shrimp tostadas, quesadillas, shrimp ceviche, guacamole, nachos, and salad. Save some space for dessert with popular options being the pecan praline, flan, and coconut palapa.

Whether you are searching for a home in the suburbs, the city, or any other place of interest in the Coppell area, our local estate team at RE/MAX DFW Associates is here to help. Our mission is to make sure you find your dream home that is close to the city's best restaurants. Contact our Coppell office today for more information on homes about Coppell homes for sale.

January
26

8 Tips for Millennials Entering the Dallas Housing Market

Tips for Millennials Entering the Dallas Market
Purchasing your first home has long been a part of the American dream.  While some cities across the country are considered Millennial Magnets, according to a report by ABODO Apartments, Dallas ranks near the bottom of the list of major US cities for this new wave of home buyer.

Dallas, Texas has experienced a boom in its employment market because of huge economic opportunities.  Consequently, the increase in the job market has also caused an increase in demand for housing making it difficult for Millennials to afford Dallas homes for sale.

But despite these challenges, some continue to push forward with buying their first home in the DFW.  Our REALTORS® know the local market well and offer these eight tips when you're ready to buy a home in Dallas.

  1. Have Your Finances in Order
    With Millennials having higher student debt than previous generations, you will want to make sure that your finances are in order. Know your credit score and make sure to review your credit history and resolve any credit issues. A lower credit score and poor credit history will cost you with higher interest rates.

  2. Saving for a Down Payment
    The National Association of REALTORS® recommends saving approximately $34,000, which is 20 percent of a Dallas-area starter home priced at $168,300. If you are starting at zero savings, and can only afford to save $300 a month, it could take you up to 10 years to save that amount. There are low down payment programs available for first-time home buyers.

  3. Closing Costs
    In addition to a down payment, you will need to factor in closing costs that are included with most home purchases. Your REALTOR® can give you an estimation of how much these costs could be.

  4. Think of the Future
    When purchasing your first home, consider its future resale potential. Look for features that are appealing not just to you but will be appealing to potential buyers. This could be as simple as the house being on a quiet street or having a master suite on the main floor.

  5. Don't Go Overboard with Contingencies
    When you make an offer on a home, don't ask the seller to make minor repairs like replacing light bulbs or re-caulking the tubs. However, if there are obvious signs that major repairs are needed, like repairs to the roof, air conditioner or foundation, it's not unreasonable to ask for repairs. Your REALTOR® can create an amendment to your offer requesting these repairs be made.

  6. Make a Strong Offer
    In a seller's market, you need to make a strong offer for your purchase price to be taken seriously. Other buyers could be offering the asking price or higher. If you make a low offer, your offer may not initially be accepted.

  7. Don't Delay
    If you find a Dallas home that you really love and it's at the right price, don't delay in making your offer. The current market for real estate in Dallas is hot and taking time to "sleep on it" or ask your friends or family for their opinions could cause you to miss out.

  8. Choosing a REALTOR®
    It's a good idea to interview a few real estate agents before choosing one. It's important to ask about their familiarity with the Dallas area and its housing market. You should also get an idea of their negotiation style, the technology they have available to help you during your search and buying process and their track-record.

If you're getting ready to take your first steps to homeownership, there is no better time than now to start. Contact RE/MAX DFW Associates to speak with an experienced realtor that knows the Dallas market and understands the needs of first-time home buyers.

January
3

Is Home Buying Going to the Dogs?

More Millennials Consider Dogs in Their Home-Buying Decision

Home Buying Dogs

There are many people in the world who love dogs, but you can't always include landlords on that list. While a landlord may love their own dog, they're typically less enthusiastic about the four-legged friends of their tenants. Combine that with the fact that dog owners love giving their pets room to roam the outdoors, and you can see one of the hidden motivations that inspire many renters to purchase a house of their own. So in a way, home-buying really is going to the dogs, and that's not a bad thing!

Our REALTORS® have the details on this growing trend, along with other key reasons buyers choose to purchase a home for the first time. 

Motivations for Owning a Home

It's no surprise that house hunters consider their dog when shopping for Dallas homes for sale. In fact, a third of Americans from the Millennial generation has stated that a better space/yard for their dog was an important motivating factor in choosing to purchase a home for the first time. A great space for their four-legged friends is one of the motivators which influence young home buyers:

  • A Home with a Yard – Whether it provides space for your pet, a fun place for outdoor parties, or simply a beautiful view while you're eating dinner, owning a home with a yard comes with many perks. Many renters are motivated to buy in order to have an outdoor space of their own which they can customize to their heart's content. Want an outdoor barbecue area, a dog-run, or both? With a yard of your own, you can set up your outdoor space any way you please.

  • Tying the Knot – For many young homeowners, getting married was the moment when they decided to get serious about purchasing a home and saying goodbye to rental agreements. The idea of "settling down" means different things to different people, but there's no doubt that owning a home makes it easier to pursue long-term goals. With two people to save, budget, and shop, tying the knot can also make it easier to navigate the real estate market for the first time.

  • Starting a Family – While many newly married couples do choose to buy a home, there are also those who keep on renting... until they add a new member to the family. Having a child has always been a major motivator for owning a home, and for good reason. A home will often offer much more space than an apartment for a family, including outdoors. Owning a home also gives you the opportunity to get a head start on choosing a school district where your child can thrive.

  • Building Equity – For some young buyers, owning a home is one important step on the path to financial planning. A home allows you to build equity over time, maintain a great credit score, and invest in your future. Planning your purchase well – and considering the future of the neighborhood – can also allow you to recoup a great return on your investment if you ever do choose to sell. Starting young has many benefits, allowing you to get a head start on your financial future.

  • Room to Grow – Renting a property has its perks, but one of the main drawbacks is that it will never truly be yours. Owning a home is the opposite. Rather than seeking approval for every little thing, you can customize the home as you see fit. Whether you want to paint the walls or renovate the whole room, the choice is yours. Owning a home also provides you with plenty of room to grow, whether that means expanding the home or simply updating it until everything is just right. Home-buyers of all ages love the freedom that comes with owning the space that they call home.

Looking for the perfect DFW home for you, your family, and your favorite pets? We can help! Contact us to buy and sell homes throughout the Dallas, TX area.

December
18

6 Spots in Dallas to Celebrate New Year's Eve

Dallas Counts Down to 2018

Dallas New Years Eve Spots

Are you ready to close out 2017 in style, with an unforgettable night of fun in your favorite city? New Year's Eve in Dallas is always a big deal, and the schedule of special events in the city is a mile long. Whether you're looking for a night of great music, a glamorous party, or a fun event that the whole family can enjoy, you'll find it in Dallas on New Year's Eve. Our real estate agents are looking forward to the city-wide celebrations, and we have the details on some great New Year's Eve events in Dallas this year.

Our 6 Favorite Spots in Dallas for New Year's Eve Celebrations

  1. AT&T Streaming Lights at Reunion Tower
    Looking for an exciting New Year's Eve event that the whole family can enjoy? The AT&T Streaming Lights at Reunion Tower celebration is back for another year, with a spectacular fireworks and pyrotechnic display that can be seen from anywhere in the city. The best views are to be found around Reunion Tower itself, where you'll be able to witness a panoramic display of fireworks across the city skyline. The show starts at 11:59 pm, but it's always a good idea to stake out a spot early.

  2. Dallas NYE Ball
    Can't decide just what sort of music you'd like to dance the night away on New Year's Eve? The Dallas NYE Ball has you covered! Centered in the Crowne Plaza Hotel, the Dallas NYE Ball offers three floors of fun parties, with a different type of music available on each floor. Enjoy a nightclub-themed experience on the second floor, throwback music and dancing on the third floor, and a fun, open space with the latest pop hits on the first floor.

  3. Brew Year's Eve
    Enjoy a night of food, drinks, and great music at the Noble Rey Brewing Company in Dallas with Brew Year's Eve 2017. This year's event will feature live music indoors, a heated tent with a DJ outdoors, and your favorite local brews around every corner. There's also plenty of fantastic food to enjoy, after you work up an appetite on the dance floor.

  4. Charley Crockett Concert (Free!)
    Spend an evening with local blues sensation Charley Crockett at The Rustic, and ring in 2018 with the sweet sounds of the blues. This event is free if you RSVP ahead of time, and features loads of other great performances throughout the night, including more sets from local artists. After the live performances, DJ Christy Ray will be keeping the party going well past midnight.

  5. New Year's Eve with the Dallas Symphony Orchestra
    Looking for a classical spin on the Dallas New Year's Eve experience? Listening to the Dallas Symphony Orchestra is always a great way to spend New Year's Eve, and this year's show is sure to continue that tradition. This annual event is packed with great music, and features a champagne toast at midnight.

  6. 80's Rockin' New Year's Eve
    Break out a bottle of hairspray and your favorite spandex, because it's time to party like it's the 1980s for New Year's Eve in Dallas! Enjoy a night of 80s music, grab a great meal before the show, and dance the night away. It all takes place at the House of Blues, and the fun continues long after the clock strikes midnight.

Are you searching for the best Dallas homes for sale, and the real estate team who will help you find your perfect match in the city? Contact RE/MAX DFW Associates to buy and sell homes in the Dallas-Fort Worth, TX area.

DMCA.com Protection Status
Disclaimer: All information deemed reliable but not guaranteed. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) or information provider(s) shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. Listing(s) information is provided for consumers personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information on this site was last updated 03/22/2023. The listing information on this page last changed on 03/22/2023. The data relating to real estate for sale on this website comes in part from the Internet Data Exchange program of NTREIS (last updated Tue 03/21/2023 11:49:01 PM EST) or Permian Basin MLS (last updated Mon 11/21/2022 7:45:23 AM EST). Real estate listings held by brokerage firms other than RE/MAX DFW Associates may be marked with the Internet Data Exchange logo and detailed information about those properties will include the name of the listing broker(s) when required by the MLS. All rights reserved. --

Privacy Policy / DMCA Notice / ADA Accessibility

Login to My Homefinder

Login to My Homefinder