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Luxury at its finest for under $500,000! Check out this hot home deal located in Prosper, Texas.
4,769 square foot home featuring 5 bedrooms (master plus guest on first floor), 4 full baths, media and game room. You will love the beautiful curved staircase around the foyer and formal dining room. The open kitchen features jenn-aire appliances and huge island. Large covered patio and split 3 car garage. Community has large play yard, swimming pool, and hiking and biking trails. Must see!
Was offered at $445,000. Now $399,900! Call Teresa today on her cell phone: 214.475.1957 to schedule your exclusive viewing of this beautiful custom home!
Article by Teresa Robinson, Owner/Buyer Specialist, North Texas Home Finders Contact Teresa at 972.335.0571 or Teresa@Northtexashomefinders.com and she can help you sell your home or find a new one!
Get a Buyer Specialist and rest easy! The builder pays our service charge from their advertising budget which is built into every home they sell. Since these fees do not come out of the home construction budget, you cannot negotiate one penny of a better deal alone. We also work with preowned homes where the seller pays our fees! Visit www.northtexashomefinders.com for more information.
Teresa Robinson is one of more than 400,000 members of the Real Estate BUYERS AGENT Council (REBAC) of the National Association of Realtors, who have attended the ABR, Accredited Buyer Representative, designation. As the world’s largest association of real estate professionals focusing specifically on representing the real estate buyer, REBAC is ”The Voice for Buyer Representation, ” with more than 44,000 active real estate professional members of the organization throughout the world.
Many clients I speak with lately are making assumptions. We all do it, and it’s usually based on things we read and/or hear. One of the assumptions that’s pretty common right now is that in order to get the best deal in buying a home in Dallas / Fort Worth suburbs like Frisco, you need to buy a foreclosure. Sometimes that assumption turns out to be correct. Sometimes it does not.
It would be nice if I could just tell you that the best deals are foreclosures, so that’s all we’ll look at. However, I’d be doing you a disservice if I took that approach. The fact of the matter is that depending on your needs the best deal could be a foreclosure, it could be an owner sale, or it could even be a home being sold by a builder. The thing I’ll promise you is this — if you are working with the right agent, they will figure that out for you and explain the reasoning behind the conclusion.
This morning I heard a discussion on the radio involving the “Smart Car”. You know what I’m talking about — those cars that look like golf carts on steroids. For a while there, they were all the rage. Four dollar a gallon gasoline will do that. I ASSUMED these cars must get unbelievably good gas mileage. I found out today they get 33 miles per gallon in the city / 41 miles per gallon on the highway. I was shocked! My Toyota Avalon, not a small car, gets 30 miles a gallon on the highway! I guess that proves that assumptions are sometimes way off.
If you are looking for a great deal on a home in D/FW, a foreclosure might be the way to go. Just as likely is a scenario where you buy a home that’s not a foreclosure. The key is not to assume anything. Find a great Realtor to represent you as the buyer, and have them evaluate your specific situation.
Article by W. Cody Robinson, Owner/Buyer Specialist, North Texas Home Finders
Contact Cody at 972.365.0432 or Cody@NorthTexasHomeFinders.com
Get a Buyer Specialist and rest easy! The builder pays our service charge from their advertising budget which is built into every home they sell. Since these fees do not come out of the home construction budget, you cannot negotiate one penny of a better deal alone. We also work with preowned homes where the seller pays our fees! Visit www.northtexashomefinders.com for more information.
“I’m waiting for a “deal.” I hear this phrase and it’s other variation, “I’m looking for a “deal,” quite often. That’s great, I’m in the deal finding business. Two problems…a “deal” means different things to different people, and you’re not ready to jump on the deal when it’s found.
What does a “deal” mean to you? It depends on how you break it down. Do you just want a big discount? There are several builders around Dallas-Fort Worth that have lived on advertising $20,000 or more off on their homes. You know how the game works, by the time they give you the $20k discount, the price is where it should have been to start. However, there are also certain times of the year when you can take advantage of discounts – particularly at the end of a builder’s fiscal year. They want homes off the books, and discount them to get them moved. Another time is at the end of the calender year. Do you want a foreclosure or short sale property? If you don’t mind buying a house that is sold “as-is,” and you have money left over for rehab, then a distressed property can be a great deal. There are those that don’t need much work, but they are harder to come buy. Also, short-sale homes can take up to 60 days to get a response on your offer. The best way to measure how a home stacks up is by the price per square foot. You can compare the price per square foot to similar properties in the neighborhood to gauge what kind of deal you’re getting.
The second problem is even bigger, and drives me nuts. Okay, you want a “deal.” I go and find it for you, then you can’t decide if you want to move on it or not. By the time you make up your mind, someone else has snatched it up. Now granted, sometimes you arrive at the party too late, and you never had a chance to purchase the property. More often, you’ve seen it, you like it, but you want to think about it. The thinking needs to be done before you send someone in search of a great buy. You must, must, must be pre-qualified with a reputable lender (not cousin Joe,s friend of a friend). An offer is always stronger with a valid pre-qual. letter. If you’re making an offer on a short sale or foreclosure, you must have it. A bank will not even consider an offer without a pre-qualification letter attached. You need to have money ready to put down for the earnest money, and money ready for your down payment. You need to know how much you’re willing to spend. Once you have all your ducks in a row, you are ready to move.
Really great “deals” don’t ever last long. People who are ready to act will always come out ahead of those who haven’t thought about it yet. Just this week, my wife sold a brand new home that had been discounted by $180,000. This is the one, and only, time I have ever seen this big of a discount. She posted an ad on Tuesday, and sold it on Wednesday. The gentleman who bought the home has been looking,, and was ready to move when he found the property. Several others knew about the home, but wanted to ask a bunch of questions before looking and acting. Now I want to be clear. This type of deal does not come around very often, if ever. In my three years in real estate, this is the biggest and best discount I’ve seen. However, there are other good deals still out there. The best way to find them is by using a professional, and by being ready to move when he/she finds it for you.
One last thought. There is another similar phrase that drives me crazy. I ask, “When do you want to buy a home?”
They respond, “When I find the right deal.”
My new stance, “When you’re ready to buy, I’ll find you the right deal.”
Written by Chad Underwood
2-story, 3039 s.f., 4 BR, 3.5 BA, family room, game room, study, formal dining, corner lot, granite countertops, stainless appliances, custom cabinets. Denton ISD. 2% of sales price to buyer for upgrades, closing costs, or as a rebate.
We have all seen those beautiful listings on mls or www.northtexashomefinders.com and noticed that some of them have the words…Short Sale…As Is. What does this mean? In spite of recent legislation changes, there are still people out there who have over-bought for their lifestyle. They can no longer make ends meet paycheck to paycheck and so instead of having the kiss of death on their credit report of “foreclosure”, they are contacting their lien holders and asking for permission to short sale the property. This means the seller will sell the home for less than the loan amount and the lien holder will forgive the difference. Pretty good deal for the seller when you consider the alternative.
Buyers beware however, there are a ton of conditions on a short sale.
1. It may take 3 days or months for the lien holders to respond to offers made. So if you are in a hurry to move in, look at a different home.
2. There may be a multiple offer period. This means the seller and lien holder will continue to accept all offers even when considering yours. If a better one comes along, they can take it.
3. The home is sold As Is. No repairs are made by the sellers. Be sure to get an inspector. They can help identify some issues. This way you have all the facts when you make your purchase.
Bottom line, a short sale is a great deal if you have time to wait and can put in a strong offer. Having a buyer’s rep is imperative in this situation, so they can write up your offer and position you in the best possible way. Remember, having a buyer’s agent represent you is free to you in most cases. The seller pays their fees.
To learn more about short sales and how buyer’s reps can help you, visit our website at www.NorthTexasHomeFinders.com or call 866.959.FIND. We are ready to help you because we treat your investment as if it were our own!
Article by Teresa Robinson, North Texas Home Finders Owner/Agent
Texas Home Buyers Blog 
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