Selling A Home July 21, 2022

8 Overlooked Items When Preparing Your Home for Sale

So you’ve prepped your home cosmetically for sale in every imaginable way – fresh paint, a deep cleaning, new landscaping, decluttered closets and even organized the garage! Your house looks better then it ever has and you are ready to hit the market! Before you proceed with the “For Sale” sign in the ground, there are several key pieces of information when preparing your home for sale that you should consider gathering that today’s savvy buyers are going to want to know.

 

1. Survey

Do you have a copy of a current survey on your home? Have this document available and provide to your listing agent so they can include in the information about your home. Buyers want to know about property lines, easements, conservation buffers, if there is room for a pool, if the property line extends to the water behind your home, etc. Having a survey to provide upfront will help to eliminate these types of concerns vs. waiting until a property is under contract.

If you’ve made any changes that would affect your property such as adding a pool or fence since you took ownership and are not shown on your current survey, it’s important to advise the buyer. A new survey will usually need to be ordered prior to closing in this scenario. If you don’t have one from when you purchased the home, try contacting the title company or attorney’s office that handled the closing of the property. Depending on how long ago that was, they may be able to retrieve from their archives.

2. Floorplan or Appraisal Sketch

Buyers often need to know room dimensions as it helps with determining furniture placement and to ensure how what they have will fit (or have to be reconfigured) in the new space. As any real estate agent can attest, many hours have been spent measuring spaces while looking at a home and comparing that against the existing buyer’s furniture dimensions.

An appraisal is helpful as it can confirm the exact square footage of a home vs. relying on tax records which may not be accurate. We’ve all heard stories where the appraisal showed the actual square footage that was smaller than what was initially represented in a listing sheet. Having an appraisal will help to ensure that does not happen. You should have received a copy of the appraisal if you obtained a mortgage loan from your lender or if you refinanced. If you don’t have either, consider having a floorplan drawn up or home measured by an appraiser when prepping your home for sale. Your agent can assist with resources to this effect.

3. Utility Bills

Buyers want to get an idea of what they can expect the heating and cooling bills to be in a home. Review your bills over the last one to two years to get an average in the various seasons, or call your local utility provider as they can often provide you with information on the high, average and low costs. This information can be very beneficial when a buyer sits down to number crunch their total costs of owning a home. If you had an unusually high or low bill, provide some explanation to accompany the numbers.

4. Pest Control

If you maintain any type of pest control on your property, compile information as to who the provider is, what you have done, how much you pay and how often does the company come out to treat the property. A copy of your service agreement is helpful in this instance.

5. Insurance

Buyers especially want to know who a seller uses for their homeowners insurance and how much they pay. This is particularly the case in higher risk areas (where there are hurricanes, floods, fires, etc.) With homeowners insurance potentially more difficult to obtain in some areas, going through the existing seller’s insurance company can help streamline the process, particularly on an older home.

6. Product Manuals and Warranty Documents

Now is the time to gather the various product manuals for all items that will be staying in the home such as appliances, water heater, heating and cooling system, ceiling fans, pool equipment, etc. If your home came with any warranties, be sure to include these for the new owner as well. Putting all of these in one large envelope makes it easy for everything to be readily accessible in one place for the new buyer.

7. Service Providers

Compile a list of all service providers/vendors and their contact information who you have used on your home – lawn service, pool service, A/C company, etc. While a new buyer may or may not choose to use these services, they will certainly appreciate having resources available to them and may elect to initially use them as they make the transition to living in your home.

8. Covenants and Restrictions, Neighborhood Rules and Information

This is key critical information for a new owner to have on hand. A contract may likely hinge on the buyer’s review of this information, so easiest to have it available ahead of time. If you don’t have these, contact your neighborhood’s association president or management company for assistance in obtaining a copy. Many of these documents are matters of public record and are available by going online to the appropriate municipality’s website.

Work with your agent to create an informational package or binder that you can provide to prospective purchasers that come through the home with the information mentioned above. Gathering this information before you put your home on the market will save time and make the process that more efficient once you find a buyer. It may even help your home to sell faster as all of this information is available upfront, eliminating the need for guesswork and waiting on answers while another property could possibly come on the market to grab the buyer’s attention. You want to help keep the buyer focused on your home, so make it easy for them to buy by giving them what they want. Happy selling! You can read more home seller tips here.

 

SOURCE: Coldwell Banker

Buying A Home July 21, 2022

HOA vs. NA – Are These Associations Right For You?

Homeowners Associations. Some homeowners love them while others loathe them. If you’re getting ready to purchase a home in Dallas, you may end up selecting a property that falls within an HOA or an NA, neighborhood association. Here is everything you need to know and consider when it comes to these associations.

What is a homeowner’s association?

Simply put, an HOA is a governing body nominated by those in the neighborhood to help ensure that the community looks its best and functions well. According to a report released by Realtor.com, 25% of American’s who own homes live within an HOA community.

HOA Fees

As a Dallas homeowner, it’s important to understand that each HOA varies and you will be required to pay monthly, quarterly, or yearly fees. The fees are structured based on the property size, number of residents, amenities, and more. I encourage you also to find out ahead of time if you could potentially pay additional fees throughout the year to cover unexpected expenses when the reserve fund is not enough. For many homeowner associations, the fees help to maintain common areas such as the entrance to the community, pools, fitness rooms, parks, and other amenities.

HOA Rules

Each Dallas homeowner’s association is going to have its own set of rules called Common Restrictive Covenants, CC&Rs. These government-imposed requirements let you know how the land can be used to help maintain the attractiveness and value of the property. When you find a home in Dallas that you love and you want to make an offer on, you will need to review the CC&Rs during your option period to decide if you’d like to move forward with the purchase. While each community varies slightly, here are a few things to expect.

  • What color you can paint your home
  • Landscaping standards
  • Fencing
  • Security lights
  • Vehicle storage and parking
  • Use of residence

HOA Rule Violations & Missed Dues

When you’re touring Dallas homes within an HOA community, your mortgage company will consider the fees when you’re applying for the loan. This will help you and the mortgage company know if the house fits appropriately within your finances, ensuring the fees won’t put you in a bind.

When it comes to rule violations, the consequence will vary, but it’s important to know that you could potentially face eviction from the property. If something happens and you violate a rule, work with your HOA board to fix the issue as quickly as possible.

Benefits of an HOA

For many, when it comes to an HOA, all they can think about are the rules and restrictions put on them. However, there are actually many benefits to living in a Dallas community governed by an HOA. These benefits include maintaining all the common areas, helping to mediate neighbor complaints, and the houses retain their value since the community is always maintained.

Neighborhood Association

A neighborhood association is a group of residents in a neighborhood who advocate for activities within the community. Many neighborhood associations still have elected leaders to help run the group and some even have voluntary dues. The biggest difference between a neighborhood association and a homeowner’s association is an NA is voluntary while an HOA is not.

Buying A Home July 21, 2022

How to Handle a Long-Distance Move

Buying a new home can be stressful enough. Now, throw in moving to an entirely new city or state, it can be downright scary. The details that go into a major move can be challenging, but with the right help and information, it can be a little easier. To help you get started on how to handle your long-distance move, here are some tips on where to focus your attention.

Use a Local Real Estate Agent

While you should never house-hunt on your own, it’s even more important to use a local real estate agent when you’re house hunting long-distance. Real estate agents will be able to give you the ins and outs of the community, allowing you to make an informed decision.

When it comes to selecting the right real estate agent, you’ll want to choose someone who understands your unique needs with a long-distance move and is very knowledgeable about the local housing market.  Take your time researching local agents. Read through client reviews, take a look at their website, and review their social media platforms.

As a Dallas real estate agent, I understand when it comes to long-distance house hunting, time is of the essence. I’ll be happy to tour any houses that come on the market ahead of time to determine if it meets your needs. If you are moving out of the Dallas area, I can connect you with an agent in your new city.

Researching the Community

Moving to a new community is scary; that’s why it’s so important to do lots of research before deciding on the right area.

If you’re moving for a new job, research the city and the surrounding communities to figure out where the best location may be for your new home. Things to consider include commute time to work, school district rankings, and the crime rate.

Depending on what your lifestyle needs are, you’re also going to want to research the local amenities. How close will you be to dining, shopping and entertainment, does the area have great local transit if you don’t have a car, are there churches in the area that match your needs?

As you research the community and arm yourself with as much knowledge as possible, your house hunting experience will be made simple.

Know Your Budget

Through your research, you’ll get a good idea of what the cost of living will be in your new city. By knowing your budget, that research can be cut down more because you’ll be able to weed out the areas that you cannot afford. Before you start house hunting, it’s always a good idea to get pre-approved through a mortgage lender.

When you’re making a long-distance move, it can be hard to know what you can and cannot afford in a house when you’re unfamiliar with what the average home for sale cost. Don’t let yourself fall in love with a community that is out of your budget.

Plan a Visit to the Community

While researching will give you an idea of what it’s like to live in your new community, it can only be so revealing. To get a much better idea of what it will be like in your new home, I strongly recommend planning 1-2 visits. The first visit should be to meet with your chosen local real estate agent to tour various neighborhoods and houses. The second, to really familiarize yourself with the community and everything it has to offer.

If you’re moving with children, depending on their ages, it may be better to wait until the second trip to bring them, allowing yourself to get familiar and excited about the new area first. For older kids, it may be hard to leave their friends behind. By finding areas that also match their interest, it’ll help them get excited about this life change.

In addition to house hunting, make sure you take time to dine out at local restaurants, explore transportation options, and check out local retail stores. By planning a couple of trips, you’ll get peace of mind knowing you made the right selection.

Hire a Moving Company

You have enough details to worry about, why not let a moving company take some of the stress off your plate. Not only will they be able to help with heavy lifting, but they’ll be able to transport your items for you easily. If hiring a moving company is not in your budget, consider using a portable moving container such as PODS. There are pros and cons to using either a moving company or a moving container. Whichever route you decide meets your needs, I can connect you with my network of vendors to help you get a great rate.

Buying A Home July 21, 2022

Homes in the Post Pandemic World What Will Homes Look Like In A Post-pandemic World?

A lot has changed in just a few months, and for many that includes the idea of what a ‘dream home’ looks like. Not long ago, buyers were showing preference toward smaller homes and open concept spaces conducive to gathering. After a few months cooped up inside, those features don’t seem so appealing – and developers have taken note.

“While the coronavirus still rages on, it’s hard to predict what post-pandemic abodes might look like,” according to Barrons. “Yet, developers around the U.S. are already rethinking projects, anticipating residents’ needs and preferences that Covid-19 would spur. In doing so, they are re-evaluating current in-unit aesthetics and in-demand amenities.”

Here are just a few areas of home design where trends may shift in the coming years:

Home size
Homes had been trending smaller, but that may be over. With so many families spending (way) more time around the home lately, there’s never been more need for personal space. Expect homes to grow in size accordingly.

Prioritizing the home office
As more and more businesses relax work-from-home policies, or shift to full-time remote work entirely, the home office will become a near-essential for many buyers. A space that was once an after-thought now will need to offer privacy, good lighting and be pre-wired for telecommuting.

Return to the closed-floor plan
For some buyers, the appeal of the open-floor plan was already trending down prior to 2020, and the past few months have only made the reasons why more evident. Sharing more time and space at home demands privacy for school work, hobbies, and entertainment. With more meals being cooked at home, an open concept kitchen becomes noisy epicenter practically all day long. Builders expect a rise in demand for closed floor plans, where rooms are partitioned for purpose.

Smart technology
This is already one of the fastest growing trends in home design, but smart home technology will soon move from a ‘plus’ to a ‘must’. Temperature and lighting control can now be voice or motion-activated. Touchless faucets, once thought superfluous, are now an inexpensive and health-conscious upgrade. Systems that filter air and monitor air quality will become more common and affordable.

The Hot Trend of the Summer: Stock Tank Pools


For many of us, summer means pool time. But if you usually visit a community pool or recreation center, that might not be an option right now. Building a traditional pool at your home is a big and expensive project. That’s where the stock tank pool comes in.Buy And Sell Homes In Dallas Dallas Tx Real Estate 39636105 M

“These inexpensive farm staples were originally designed as water troughs for livestock,” said Country Living “but that’s part of their country-chic appeal. Nowadays, stock tank swimming pools have been popping up in backyards across the country.”

Here’s how to make a splash with a stock tank pool in your own backyard.

Pick your size
Round stock tanks come in 10ft, 8ft, and 6ft diameters. As popularity has grown, the larger sizes have become more challenging to secure. There are also oval options, but they don’t necessarily provide the same kind of swimming experience.

Pick your spot
Where you’re going to put your stock tank pool is just as important as the pool itself. Without a level foundation, you’ll have leaks. “Job one is obviously selecting the site for your stock tank pool. You’ll need to prepare the area by creating a solid, level base,” said Tractor Supply. “You could use compacted sand, or even crushed granite. But, it’s very important to ensure that it’s a smooth surface, free of any rocks or sharp edges.”

Add your accessories
And by accessories, we mean design and function.

Function first. A stock tank pool isn’t as easy to set up as a kiddie pool. You could just fill it with water and call it a day, but you’ll end up swimming in gunk. Take a cue (and detailed instructions) from the Hey Wanderer blog, and keep your pool clean all summer long with proper pumps and chlorine.

Once you’ve got your stock tank set up, it’s time to make it fancy. While the tank alone has its own distinct vibe, it can be dressed up in any number of ways. Paint the metal, build deck seating around it, hang lights, and incorporate tikis to create a tropical getaway feel—the sky’s the limit!

Real Estate Tips July 21, 2022

5 Things to Consider When Building a Pool

Perhaps a pool is at the top of your wish list, but you’re not sure what things to consider when building a pool. Pool installation expert Hank Henry from Riverbend Sandler Pools recently designed a 3-dimensional video giving homeowners a new, interactive way to experience SouthernView Residential’s latest project, an energy-certified, ultra-smart home at 5516 W. Hanover Avenue Dallas, Texas 75209. The 3D tour fills the gap of imagination on the large lot of this N Devonshire home.

While today’s pool-buying experience is a far cry from the days of pencil sketches and drawing boards, the decision to build one still can be unnerving. Yet, this addition can add long-term value to both your home and family life. Before diving in–pun intended!–there are five things to consider when building a pool.

If possible, hire a contractor you know

Find a reputable pool builder who will listen to your wants and needs. Financial stability, years in business, service after the build, construction techniques and attention to detail and reputation all come into play. Pool construction is no different from any other construction project: you can have unforeseen costs and setbacks, so find a reliable resource. Seek references from friends, family members and even strangers who own pools you like.

Determine your budget 

Consider consulting a financial adviser on the costs and benefits of a pool relative to the value of your home. Decide how much you can afford to spend. The prices for pools can vary significantly depending on materials and the scope of the work. “The starting price for a pool and spa in our market is around $60K, but most of my projects average around $90K and this particular pool, depending on the specifications, would range from $70K to $100K,” Henry said, speaking specifically of W. Hanover.

To get an estimate, schedule a meeting at your home with a pool contractor to discuss your design options and budget. You would probably follow that with a meeting in the contractor’s design center to review designs and materials; from these selections, an estimate can be refined. “The 3-dimensional design would be viewed in my office to help the homeowner understand the specifics of their design, based on what it would look like in their particular yard,” Henry said.

Who will use the pool?

The size and design of your pool will depend largely on the people you expect to use it. Will it be only adults, or will you host a lot of kids who need room to dive and do cannon balls? Or will it be a lap pool, or a retreat for casual sun-bathing and lounging more suitable for adults?

Think about maintenance

A pool can add up to 7 percent in value to your home, but the extent of maintenance is one of the major things to consider when building a pool. If possible, hire trained and certified pool technicians to keep your pool in pristine condition.

Consider your landscaping 

When designing your ideal poolscape, consider the amenities and landscape of your yard. “Look for focal points from inside the house, so you can enjoy the pool from the inside of the home.  Sun angles can help with getting more out of the swim season,” Henry advises. Also, if you’ll need or want to hire a landscaper, remove trees, plant shrubbery and flowers, or otherwise add to the ambiance, that is another cost to consider. But such improvements are certain to add to the value of your home!