By this time of the season, most people would have thawed their turkey by now and it's probably well on its way to make that Thanksgiving feast. I hear stories of clients and friends about how they plan to cook their Turkey.
My first Turkey experience was something to remember. Fresh from Malaysia, I cooked my Turkey in "record time" (over 6 hours) because the temperature in the chepo oven in the apartment was not "hot" enough. I served over 35 people that year. My turkey was made a dessert after we had the sides 3 hours earlier. That was back in 1996.
Every year since then, my turkey cooking experience improved. Now, I could make my Roast Turkey Alton Brown style in 2 hours. Everyone LOVES it.
This year, I'm eternally thankful for NOT having a Thanksgiving Dinner to cook. In fact, cooking is NOT my domain. I rather go through wisdom teeth extraction than to prepare a meal. During the week, I get by preparing simple home cook Asian meals for my son and my husband. It's only on weekends (Friday through Sunday) that I "eat".
What my family plans to do is to have Thanksgiving Lunch on Saturday - Malaysian style. We call it Steamboat, or better known as Hot Pot. It's yummy and the least stressful for me.
So, whether you enjoy cooking or not, I wish you a Happy Thanksgiving. We all have lots to be thankful for this year.
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All contents are original. Consider subscribing to my blog for more real estate commentaries.
Subscribe via Email if you are not an Active Rain member here.
Loreena Yeo
Realtor®/ Broker of 3:16 team REALTY
(214) 783-2210
loreena@loreenayeo.com
Super-serving Frisco, Plano, Dallas, McKinney, Allen, Little Elm, Prosper, Celina, Richardson, Dallas M-Streets, Dallas White Rock Lake area communities and other surrounding areas.
Copyright © 2009 by Loreena Yeo (3:16 team REALTY).
Thankful for No Turkeys and No Big Meals
When Al & Peggy Cunningham wrote this Featured Post, Is the Real Estate Agent Obsolete but Doesnt Know it Yet (Member's Only), I thought there were some interesting comments and facts shared by Al & Peggy as well as commenters on the blog. I must say that this is not the first I've heard and I've been hearing this rumors since I got into the business over 6 years ago.
The Internet is going to change the world and the Internet is going to take the place of the real estate agents. No buyers would need agents to show them around because the Internet has made the world closer. No sellers would need agents because they could post their homes for sale on the Internet. Everything is going to splash before your very eyes.
Most of my buyers do not buy homes just by looking on the Internet. They would need to see, feel, touch and smell the house before they feel comfortable purchasing it. My clients still need the person who they feel comfortable guiding them through the process whether they are doing it for the first time or the sixth time.
I'm not going to be bold enough to compare our profession with a dentist or a brain surgeon. Many agents try to say, the reason we shouldn't pull our own teeth or remove the tumor in our brain because we lack the knowledge or skillset. Now, that's thinking too highly of ourselves if we put ourselves in that caliber. But the truth is that if you are very good at what you do, you should be professional of your domain. No one - including your brightest and smartest clients should know more about home buying or selling than you do. While these professions require more than just an extensive education, as for me - I view these 2 things keep us (the real estate agents) in business:
Convenience
Have you read my recent post, Should You For Sale By Owner? In this post, I outlined some factors to consider if you want to go down that path. The bottom line is the CONVENIENCE factor. In our everyday life, we have so much to juggle and on top of it, you are trying to add a real estate transaction to the mix. A real estate transaction is NOT rocket science when you have no problems and all grounds covered and nothing go wrong in the transaction. It becomes a very stressful and complicated process, on top of being a costly lesson if not executed properly.
There are many parts to a real estate transaction. Most people stop at price and closing date. Most people don't realize there are lots of contingencies to a basic real estate transaction, built into the contract. If you are not well versed in understanding it, you will be pleasantly surprised that you might have missed several contingencies and have no recourse from the other party because you didn't understand what to watch for. Even if you did, do you want to? Or would you rather spend time and energy thinking about your next destination?
Computers and Internets do not run on emotions to process their decisions for buying. People, on the other hand do.
Voice of Reason
As much as real estate transactions have systems and standard procedures, when we throw "people" and human emotions into the mix, it no longer fit cookie cutter molds. I've been called Voice of Reason by my clients. When emotions are high, we need a 3rd party to pull us back down into reality. Buyers and sellers are very emotional during this process - after all it's their homes you are talking about. The house that made into homes with beautiful and lasting memories in it. Of course, emotions are running on full throttle.
In the end, as much as there are, or there will be memories in the house, it is still a business transaction. The numbers have to work right in fairness for both parties to the transaction. This is where I see the Internet, or Google can't do for people.
Agents could lay out the Do's and the Don'ts of a real estate transaction. Heck, websites could even outline Step 1 to Step 20 to take a real estate transaction from Contract to Closing. It's not that easy because we throw "us" into the mix and that's the problem.
The truth is that we are people. Different people bring different sets of feelings and emotions into the transactions.
If you believe that the Internet will make you extinct, you're right. If you believe that you will rise higher than the occasion, you're right too! As for me - I refuse to be extinct, so I must have a shift in my thinking about my services, my values and my difference I could bring to the real estate transaction.
So, are you with me? Or are you with me?
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All contents are original. Consider subscribing to my blog for more real estate commentaries.
Subscribe via Email if you are not an Active Rain member here.
Loreena Yeo
Realtor®/ Broker of 3:16 team REALTY
(214) 783-2210
loreena@loreenayeo.com
Super-serving Frisco, Plano, Dallas, McKinney, Allen, Little Elm, Prosper, Celina, Richardson, Dallas M-Streets, Dallas White Rock Lake area communities and other surrounding areas.
Copyright © 2009 by Loreena Yeo (3:16 team REALTY)
I Refuse to be Extinct!
The Sunday before Thanksgiving, I love to specifically highlight the things I am truly thankful for this year:
By far, my biggest challenge is also my biggest opportunity to grow - as a mother. It is the most difficult task I am entrusted with and there are times, I really felt like all I wanted was to put him back in my tummy so that I can get on with life. But all the hard work set aside, it will be the most rewarding hat I'd ever wear. I just dont know it yet.
I'm thankful that 2009 has been my best year yet in real estate. It seems as if I jumped through hoops to get deals closed but I'm grateful for the momentum, energy and positive outlook I have - in business and in life. I'm rocking and rolling and I am soaking it all in. There is no stopping me.
As my business get better, it also requires more time, focus and attention to it. I'm gifted 24 hours in the day just like everyone else - which means my husband had been at the short stick of the receiving end. I'm thankful for his unconditional love and support through this time. He helps me out ALOT with paperwork and watching my son when I can't be there.
I'm thankful for all the opportunities my clients had given me. Without them, I have nothing. I am also thankful for a great presence here in the 'Rain - for which I will not take lightly. Thank you for accepting whom I am and thank you for accepting my vulnerability as I navigate these uncharterred waters.
But most of all, I am thankful for God's unending blessings and protection over me. It just keeps pouring and I am thankful for that. To Him, I give my all. I pledged to put my best foot forward and to represent Him the best way I know how. It is not my success that you see but to the One who gave it all. My success only comes from Him alone. My clients are vessels for my success.
At the beginning of 2009, He asked me to pray about this scripture, "You are the Light of the World. A city on a hill that cannot be hidden. No one lights a lamp and keep it hidden. A lamp is placed on a stand to shine. Let your good deeds shine out for others to see so that everyone will praise your Heavenly Father... Matt 5:14-16".
It took me 10 months to really understand what He wanted to tell me. I am thankful for His undying patience for me.
To everything there is a season,
A time for every purpose under the sun.
A time to be born and a time to die;
A time to plant and a time to pluck up that which is planted;
A time to kill and a time to heal ...
A time to weep and a time to laugh;
A time to mourn and a time to dance ...
A time to embrace and a time to refrain from embracing;
A time to lose and a time to seek;
A time to rend and a time to sew;
A time to keep silent and a time to speak;
A time to love and a time to hate;
A time for war and a time for peace.
ecclesiastes 3:1-8
This Thanksgiving, I am just going to do nothing except to be thankful for everything
He has done for me....
A time to be quiet for my Thanksgiving.
I hope you would take time to pause, to reflect and to ponder all the good, the bad and the uglies in your life.
I begin my week here on Active Rain with my God First posts, written every Sunday once a week. My promise to you is that the messages I share will be day-to-day related, often times related to real estate. If these topics are important to you also, I'd love for you to subscribe to my blog.
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All contents are original. Consider subscribing to my blog for more real estate commentaries.
Subscribe via Email if you are not an Active Rain member here.
Loreena Yeo
Realtor®/ Broker of 3:16 team REALTY
(214) 783-2210
loreena@loreenayeo.com
Super-serving Frisco, Plano, Dallas, McKinney, Allen, Little Elm, Prosper, Celina, Richardson, Dallas M-Streets, Dallas White Rock Lake area communities and other surrounding areas.
Copyright © 2009 by Loreena Yeo (3:16 team REALTY).
To everything, There is a Season
Frisco TX reported 177 homes sold in October 2009. These numbers include single-family homes, condos, duplexes and townhomes. That makes Frisco TX sold a total of 687 homes in the 3rd Quarter, making it a total of 1,657 homes thus far for 2009.
January: 101 Frisco TX homes SOLD
February: 160 Frisco TX homes SOLD
March: 186 Frisco TX homes SOLD
April: 192 Frisco TX homes SOLD
May: 181 Frisco TX homes SOLD
June: 216 Frisco TX homes SOLD
July: 242 Frisco TX homes SOLD
August: 206 Frisco TX homes SOLD
September: 200 Frisco TX homes SOLD
The lowest priced home sold for $116,500 (2-bedroom, 2-bathroom property, 1,472 square feet) in Stonebrook Frisco. It took 35 days to sell this house.
The most expensive priced home sold for $1.5 million (6-bedroom, 8 bathrooms, almost 8,500 square feet) at Stonebriar Country Club Frisco. It is an exquisite Mediterranean custom home built by Parthenon Home Builder based in Frisco TX. This home is under construction when it sold.
The average home in Frisco Texas is 4-bedroom, 3 bathrooms, just over 3,000 square feet and sold for $277,946 in 74 days on the market.
I think it's important to study the days on market for the homes sold. As a buyer, you will understand the "limits" of your negotiation power in general and as a seller, it is important to know the pricing correctly gives you the greatest chance to sell your home.
These numbers were generated from the Local MLS NTREIS board for September 2009:
| 0-30 Days | 31-60 Days | 61-90 Days | 91-120 Days | 120+ Days | |
| No. of Listings | 49 | 49 | 31 | 16 | 36 |
| Breakdown % | 27.07 | 27.07 | 17.13 | 8.84 | 19.89 |
| Avg SP % LP | 97.34 | 96.03 | 95.67 | 96.16 | 96.16 |
Comparison:
|
October 2008 |
October 2009 |
| 182 homes | 175 homes |
| Average 93 days on market | Average 75 days on market |
| Average $93/square feet | Average $92/square feet |
The breakdown of the price ranges are as follows:
DOM is number of days the house is on the market.
Less than $100,000:
SOLD = 1 home;
Under Contract = 0 home
AVAILABLE = 5 Homes
$100,001 - $200,000:
SOLD = 54 homes (56 days on market, $88/sq.ft.)
Under Contract = 72 homes; DOM = 92 days
AVAILABLE = 135 Homes
$200,001 - $300,000:
SOLD = 73 homes (83 days on market, $82/sq.ft.)
Under Contract = 58 homes; DOM = 90 days
AVAILABLE = 275 Homes
$300,001 - $400,000:
SOLD = 26 homes (54 days on market, $91/sq.ft.)
Under Contract = 28 homes; DOM = 140
AVAILABLE = 169 Homes
$400,001 - $500,000:
SOLD = 10 homes (134 days on market, $101/sq.ft.)
Under Contract = 10 homes; DOM = 105 days
AVAILABLE = 116 Homes
$500,001 - $600,000:
SOLD = 2 homes (178 days on market, $140/sq.ft.)
Under Contract = 5 homes; DOM = 206 days
AVAILABLE = 57 Homes
$600,001 - $700,000:
SOLD = 4 homes (92 days on market, $140/sq.ft.)
Under Contract = 4 homes; DOM = 83 days
AVAILABLE = 411 Homes
$700,001 - $800,000:
SOLD = 2 homes (123 days on market, $155/sq.ft.)
Under Contract = 1 home; DOM = 48 days
AVAILABLE = 31 Homes
$800,001 - $900,000:
SOLD = NONE
Under Contract = 2 homes; DOM = 285 days
AVAILABLE = 30 Homes
$900,001 - $1,000,000:
SOLD = 1 home (149 days on market, $71/sq.ft.)
Under Contract = None
AVAILABLE = 18 Homes
Over $1 Million:
SOLD = 2 homes (47 days on market, $262/sq.ft.)
Under Contract = 1 home; DOM = 63 day
AVAILABLE = 59 Homes
Real Estate Commentaries based on the above market data:
The October 2009 numbers did not perform as well as the October 2008 numbers. However, in almost all categories (each pricing group), the homes sold faster than the previous month, or faster than the same time last year. Hence, these are some small improvements here in the Frisco TX housing market.
Currently, Frisco TX has 935 homes available for purchase. The lowest priced property is a townhome off Hickory Street, priced at $52,900 (a 2-bedroom and 1 1/2 bathrooms). The most expensive home is a custom built home by Chapman Builders at Villages of Stonebriar Park for $5.4 Million (over 10,000 square feet).
Also, there is a possibility that you may be receiving differing numbers you found here and another site. Note that Frisco as recorded by the local MLS is tracked by Frisco school district (MLS 55). However, the information MLS 55 may include Plano, McKinney and Little Elm. That is most likely the difference. The information within Frisco is deemed correct for single-family homes, condos, duplexes and townhomes.
Read comprehensive Frisco TX 3rd Quarter 2009 Housing Market Report (July - September 2009)
Read August 2009 Frisco TX Home Market Report
View new Frisco TX homes now:
Create a profile to receive property alerts, save searches and track your dream home as it comes on the market. Click on Get Listing Updates at the right corner above the map.
Related Articles:
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All contents are original. Consider subscribing to my blog for more real estate commentaries.
Subscribe via Email if you are not an Active Rain member here.
Loreena Yeo
Realtor®/ Broker of 3:16 team REALTY
(214) 783-2210
loreena@loreenayeo.com
Super-serving Frisco, Plano, Dallas, McKinney, Allen, Little Elm, Prosper, Celina, Richardson, Dallas M-Streets, Dallas White Rock Lake area communities and other surrounding areas.
Copyright © 2009 by Loreena Yeo (3:16 team REALTY)
Originally Posted on Frisco TX October 2009 Home Market Report
Yes, sometimes houses just don't close for very good reasons but we just don't know it yet. As people, we tend to want to fix things and make things right when it goes "wrong". Real estate transactions and negotiations included.
This property 4581 Spencer in Wellington at Preston Meadows of Plano, TX was a listing I took back in early August 2009. By the 2nd weekend, this property was hot off the press with MANY INTERESTED BUYERS. 9 out of 10 buyers asked for Seller's Disclosure - which indicated strong interests.
By the end of the 2nd weekend, we were in multiple offer negotiations. Yippee!!!
The first time home buyers pulled out at the last minute after both parties agreed to the repairs during the Option Period. My clients and I were bumped but kept our chins up. We just put the house back on the market.
Another 2 weeks later, we received an offer with a Buyer with a contingency to sell his house. With the interests, traffic and feedback we received, my clients felt it was not a good idea to accept the offer with a contingency to sell their existing house.
Two weeks later, this 2nd buyer presented the offer without the contingency since he also received an offer on his property. A week later, his buyer had cold feet, causing him to try to extend the contingency. No can do for my clients. I concurred.
Couple more weeks went by and by now, it's about 60 days into the listing. We received a 3rd offer with yet another first time home buyer.
We successfully negotiated the contract, went passed the Option period and moved on. By now, it's November 6th 2009. President Obama signed the Extended Tax Credit. The buyer originally did not qualify for this tax credit because his income disqualified him. The original tax credit did not include repeat buyers.
Last Friday, November 20th 2009, we successfully closed on the house. Even though it affected my "track record" of moving sellers in 30-45 days (this was 76days), I do it willingly.
This time, both sides of the transaction (the first time home buyer and my clients) now qualified for the $8,000 first time home buyer tax credit and $6,500 for the repeat buyer tax credit.
I could say that I was upset that when the first transaction fell through, I was deeply upset because this doesn't happen to "me" very often. In fact, it's the first for 2009. I took it very personally.
Looking back, had my clients closed on the original closing date, 9/18/09, they wouldn't have qualified for their $6,500 tax credit. Looking back, I'm so thankful it didn't happen even the 2nd time - to close 10/28/09 - just 9 days before Obama signed the extended tax credit into law.
This closing couldn't have happened in a more timely manner. Thank you God for watching over all of us even when we always want things to happen on our own time.
Wellington at Preston Meadows Featured Listing
Related Articles:
*********************************************************************************************
All contents are original. Consider subscribing to my blog for more real estate commentaries.
Subscribe via Email if you are not an Active Rain member here.
Loreena Yeo
Realtor®/ Broker of 3:16 team REALTY
(214) 783-2210
loreena@loreenayeo.com
Super-serving Frisco, Plano, Dallas, McKinney, Allen, Little Elm, Prosper, Celina, Richardson, Dallas M-Streets, Dallas White Rock Lake area communities and other surrounding areas.
Copyright © 2009 by Loreena Yeo (3:16 team REALTY).
Reflections of Homes Not Selling On Your Time Table
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Cant you tell - I love what I do! I am the catalyst to enrich the quality of lives of individuals I serve, that otherwise without my presence would not, or could not do. I work on some serious stuff
The areas that I serve are the north sububs of the Dallas metroplex, (but not limited to) include Frisco, Plano, Little Elm, McKinney, Allen, Richardson, North Dallas, East Dallas, Dallas M-Streets, Dallas White Rock Lake Areas, The Colony, Celina, Prosper, Flower Mound, Lewisville, Denton, Carrollton, Farmers Branch, Irving, Valley Ranch, Coppell, Las Colinas, Arlington and Mansfield.
Get access to all available homes for sale.
Guide to home buying, new construction, foreclosures here.
Take the 2009 Home Value Challenge today. Find out how to sell your property in today's market.
Thinking of selling your home? Your home marketing plan must be the right one for it in order to sell in today's market. Click here to find out more.
********** PROPERTY WATCH ALERT **********
Whether you are looking for a single-family home, estates, investment property, townhome / duplex / condominium or vacant land, the Automated Real Estate Search can find it for you.
Click here to learn more about new listings to your inbox - even before most real estate agents! Sign up now.
Well, I do feel that there is no need to talk about how proficient in real estate I think I am or even how I great I think I am as a real estate agent. I want to let my past clients speak for me. Better yet, I want to let YOU decide for yourself what I am.
I'd like to share with you practical examples of what you can expect that I can bring to the table during your real estate transaction. My years of experience in the business include:
NEW HOME CONSTRUCTION - Many buyers do not feel that there is a necessity in working with a real estate agent that is on "their side" to look out for their best interest when dealing with home builders. There are more benefits, if you find a proficient agent to work with. I can help set your expectations and assist you in ensuring the home building process go smoothly. Since the Frisco, McKinney, Allen, Little Elm, Prosper and Celina TX real estate markets are booming with new home construction, you might want to consider working with an agent who understands this entirely different beast. Also, with the builders facing the down turn of the economy (and some up to foreclosures), it is important to have a seasoned agent to walk you through this emotional process. Read also, The Value Your Agent Can Bring To Your New Home Construction Process.
NEGOTIATION - My experience with sales and negotiation began at a tender age of 12. By 15, I was making enough commission to stock away for my college education. I am experienced with the emotional process about negotiations. What I always strive to do though is to find a win-win situation for all parties involved. Ultimately, I understand that Sellers want to sell and Buyers want to buy. There is always more to negotiate than to price. Every transaction is different and should be handled uniquely. Read also, Negotiating Across Cultures to see how my negotiation experience can assist in your transaction should it be required.
MULTIPLE OFFER SITUATIONS - Yes, it still happens in this Buyer's market here in the greater Dallas real estate market. You need a seasoned agent who is not afraid to go beyond the "regular" presentation of offers, one who will work very hard to help you win your contracts. Experienced in both buying and selling for multiple offer situations. If you want to know how well the greater Dallas TX real estate market place is doing despite what prime time news tell you, please read also, You Say The Market Is Down, I Say Multiple Offers.
SELLER REPRESENTATION -To date, I have sold every house I have listed except for three. The first, my own which my family and I decided to turn it a rental property instead. Second, the seller who was accepted to enter an education program here in the area decided that she did not need to move. Last, is a seller who is sick and can no longer able to conveniently show her house decided to take the property off the market. My selling record include 1-day on the market, 10 days on the market to many of them between 2-3 weeks despite what the media says it is doing. To further clarify, my seller clients did not feel that I gave their house away. With the credit crunch like we are facing today, a seasoned real estate agent who is also very aware about the mortgage side of the transaction is key to correctly picking out and/or interviewing the right buyer. It is your best interest to keep this sale transaction as full-proof as possible and I can help here. Ask me about my systematic market approach that most real estate don't use. This carefully-orchestrated home and marketing strategy WILL send you on your way to the closing table. A short summary of my success is in the table (For more details, contact me directly):
11914 Jereme Trail, Frisco TX 75035 (Plantation Resort)
1104 Ainsworth Dr, Anna TX 75409 (West Crossings)
4177 Republic Dr, Frisco TX 75035 (Heritage Lakes)
8906 Bretshire Dr, Dallas TX 75228 (East Dallas)
3rd and final Realtor® on the job.
Hilda Roznovsky
"For 2 long years I tried to sell my house without any success. Loreena sold fast and at a very fair price. If you are in her hand, you're in THE HANDS."
THIS SPACE RESERVED FOR YOUR HOME
Systematic Market Approach™ is a powerful advantage over your competition. It is also a marketing strategy that most Realtors ® do not use. It employs a combination of several proven techniques to effectively and successfully sell homes. The Systematic Market Approach™ is my unique proposal to sell your home and ultimately, to help you move onto the next chapter of your life. It is more than just a real estate sign in the yard, lock boxes, MLS exposure and the other normal stuff all real estate agents in town use.
The Systematic Market Approach™ consists of:
· A Complete Recommended List for Home Preparation including Staging. In order to obtain the results you want in the time frame satisfactory to you, staging is a requirement with the listing. I have a solid track record to prove this. Just ask!
· Lifestyle Marketing. Every home has a story and every home should be presented uniquely because of it. There is no cookie-cutter marketing plan in the Systematic Market Approach™. You ought to find out how lifestyle marketing will set you apart.
· Pricing. I perform a detailed comparison market analysis to obtain a suggested price range of which your property should sell for. This is an in depth market analysis that takes real research. It takes into consideration the available inventory on the market, pending contracts as well as sold market data. It compares features by features. At the end of the analysis, you will have a fairly accurate suggested price. · Web Exposure. I believe that the web is the most powerful marketing tool. Though chances are high that your home will be sold to a buyer who has a real estate agent representation, most buyers begin their search for their homes long before they work with an agent. Giving your listing the maximum exposure it deserves.
Your home deserves the best marketing plan with an unconditional guarantee. Let’s discuss this in further details at our listing appointment.
I want to point to you some special highlights of Seller blogs I had written in the past:
Secrets to Selling in 30 days
Seller's Myths: Try this first and I can always lower it later
Sellers Fail To See
The First 3 weeks May Be The Lifeline of Your Sale
To submit a no-obligation market analysis of your greater Dallas Frisco, TX property, please visit Value My Dallas Frisco Home.
BUYER REPRESENTATION - Understanding what you want and where to look is key to saving you time, energy and money when buying real estate. I primarily work in the Frisco, Dallas, Richardson, McKinney, Allen, Prosper, Celina, Little Elm, The Colony (the northern suburbs of the greater Dallas metroplex) although my vast real estate experiences also include Flower Mound, Coppell, Irving, Las Colinas, Valley Ranch, Dallas M-Streets, Dallas White Rock Lake, Arlington, etc. Here are a few blogs that I shared about issues that every buyer considers while making an offer to purchase:
More Than Price per Square Foot
Myths about Tax Assessments versus Market Values
Move Up Buyers Take Advantage of the Market Situation
For access to ALL available properties for sale in the Dallas metroplex, please visit my website. Or better yet, set up a no-obligation, no follow-up phone call (unless you make the first contact) profile and your home search criteria. When the criterias meet your needs, you will receive an email alert with full property information. Create your Sign-In now.
FIRST TIME HOME BUYERS - I have served many, many first time home buyers during my career. Many of them need clear understanding as to what they are doing and what to expect in home ownership. Depending on how much each client understands about the home buying process and the responsibilities of homeownership, I counsel each client uniquely to his/her situation. I wrote several blogs about Homeownership, many of which are geared towards first-time home buyers. Let me caution you first that some are controversial but ALL of them are down-to-earth advice coming from the heart of a financially-savvy real estate agent ie. me. You might find these articles interesting:
Down-To-Earth Home Buying Tips
The Real Hard Truth about Homeownership
The True Cost of Homeownership
Home Purchase as a Forced Savings
Is Home Ownership on Your Horizon?
Unconventional Advice for Newly Weds
RELOCATION - The greater Dallas metroplex remains one of the most best value places to live in the country. In addition, the standard of living is very affordable and in line with inflation. I serve many relocation clients that come from the East, West and other large metropolitan cities around the country. Real estate expectations (what you can get for your money) are not the same. Relocation buyers have different needs. Also, they might need to make a decision quickly. Hence, working with an agent who know the area like the back of her hands is important. In addition, my quick skill of knowing what each client is looking for in a house helps make this transition into the greater Dallas area a pleasant and peaceful one. Read also, What Can You Get For Your Money.
FORECLOSURE & SHORT SALES - I serve a large number of buyer representations for foreclosure or short sales properties in this area. Though this process is very similar to the "regular" buying process, it is not completely the same. There are many more documents and paperwork to sign thus it can be confusing to a home buyer who has not have too many experiences with purchasing these type properties. My duties also include setting expectations so that buyers of foreclosure or short sale properties may understand the type of transaction they will go through. Understand that not all foreclosure or short sale properties is the answer of a best real estate deal out there.
Read also, In Search of a Foreclosure Deal.
Business Decisions of Short Sales & Foreclosures Create Artificial Real Estate Market Values
PROFICIENT IN UNDERSTANDING REAL ESTATE CONTRACTS - It is important to work with a real estate agent who knows in "ins" and "outs" of a real estate contract. I am a real estate broker who has undergone vigorous training and education to understand real estate contracts and the correct "to-dos" in real estate transactions. I also align myself with experienced real estate attorneys and other real estate brokers that will be able to assist when necessary. Proficiency is a honed skill that not every agent possess. It takes time, years of training and experience plus education to achieve.
BULLETPROOF TRANSACTIONS - Once you have an executed contract to purchase or sell (depending on which side you are on), it still does not mean that you will close and fund on the property. There are many parts to the puzzle before you can reach your ultimate destination. This is where a seasoned real estate agent's experience, systems, checks and balances are worth. When you interview an agent, ask to see the systems, checklists and organization in adequately handling the closing process. Your "Bulletproofing" your transaction is by selecting an agent who is ready to close on the property from Day Zero.
REAL ESTATE INVESTMENTS - If you purchase real estate investments as an alternative solution to your retirement or diversified investments, I'd like to extend my expertise to you and to tap into my real "investor" knowledge. Personally a landlord myself, I understand the concept of minimizing risks while maximizing profits. Due to my analytical background as a structural engineer, analyzing the investment potential of a property is what I am naturally good at. As much as I can identify a profitable real estate investment versus not, I will also guide you through the process of "readiness" and if you are adequately ready for real estate investments. I have developed my very own network of honest contractors and other service providers that earned myself a position as a valuable resource in the investor community.
If this is not sufficient to know if I am the right agent for your real estate transaction, find out more about me on a personal level here. Learn more About Me and My Company, 3:16 team REALTY.
Note: All contents are original. Consider subscribing to my blog for fresh business ideas, often creative and unique. It is my intentions to bring you effective blog contents that will could make you feel that it was worth your time to subscribe.
VALUE-Focused, NEGOTIATION-Focused, RESOURCE-Focused, RESULTS-Focused.
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Home Buying Tips | Home Selling Tips | Homeownership Tips |
Todd Lehmann
"We needed to sell our house first, before we could purchase another. Tough task in this current housing market. And even in a Buyers market, both are a challenge. All I can say is, WoW! You far exceeded our expectations on both. Your dedication, knowledge, patience and professionalism is second to none. During the time when we were working with you, you were blessed with a new baby. Honestly, I was thrilled for and your husband, but a little concerned you may not be able to maintain your top notch performance in this highly completive housing market. Well, my concerns quickly faded as I realized, you had more energy than I did! While never compromising the health of your baby, you were always accessible, even if that meant talking to us from your hospital room. We joked all along about signing contracts right up until delivery and well, we did! You are truly committed to your clients. We got a fair price for the sell and found the "perfect" home for our family. You went above and beyond in my book. THANK YOU!!!! The happy memories we make in our new home will always include you and your family!"
"Loreena, you were so helpful in your advice on how to prepare and stage our home. We never dreamed it would sell the first weekend! How can we thank you enough! You're wonderful. You under-promised and over-delivered! You did what you said you would do and then, went beyond. You were out of the country our first week but we could still reach you daily. Thank you!"
Tom & Debbie Milner
Before the tech-sector crash in 2000, I was living in Plano. As you know, this area went from very affluent to on of the biggest foreclosure areas in the US. Fortunately, I survived it. Later, but while the affects of the crash were still very real I needed to move. I had contacted several realtors and several made less than a half-hearted effort to do anything except try to get exclusivity. This is when I found out that Loreena was doing real estate, so I contacted her and made an appointment.
When she arrived for our appointment, we went through the normal preliminary procedures and all was fine. Then she surprised us. She had already done most of the work and only needed to take a few pictures of the inside and determine the price that we would be comfortable asking. She also spent a great deal of time explaining to us how the whole sales process work and what we could expect. All was correct and explained to us in a way that was very pleasant, easy to understand with time for questions and with no condescension at all We were so impressed that we offered exclusivity.
About a week later, we moved to the east coast and left her in charge of the house. She made sure that all was being taken care of as we had arranged, with contractors. Then she went to work and very soon afterwards she had a buyer for us with many possibilities in their favor she was able to keep them interested in our house and they passes on all of the others. Their realtor was well seasoned and strong willed, but she held her ground and delivered a good price, and a painless sale. If you ask me, there is no better realtor than Loreena, because she puts her heart into the sale of the property and you can sense it and her sincerity.
Eric & Tomoko Yoshiyama-Quere
"Loreena is a highly educated Real Estate Broker in Frisco, TX. She ensures her clients are well represented and well informed throughout the Real Estate transaction. Loreena's has great enthusiasm and passion for Real Estate. If you are looking for a home to buy or sell in the surrounding area, I strongly recommend Loreena Yeo."
John Cannata
Contact me directly for more references.
My goals here on Active Rain are two-folds. The first and foremost is to serve my real estate clients and consumers by providing high quality and relevant local content, especially for the North Texas, greater Frisco & Dallas real estate markets. My other goal is to serve other real estate professionals in my area as well as those here on Active Rain.
I have spent some time here as an ardent and dedicated blogger. Once a while, I share some tips and tricks to enhance the blogging experience here. You can read more of my Dedicated Active Rain Tips and Tricks here. Blogging Active Rain.
I also have a heart to educate real estate rookies here on Active Rain. I remembered what it was like to be a rookie. There are many blogs that I wrote to share my rookie year experiences with you. You may read them here. I will be adding more soon. Check them out when you have time. Rookie Real Estate. (I need to spend some time this Winter to work on some Active Rain house-keeping).
Other realtor success tips here.
ActiveRain Corp. is not responsible for the accuracy of the site's content (which is written by members of the ActiveRain Real Estate Network) and does not endorse the views of the real estate agents, mortgage brokers, and others listed here.
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