This statement may seem far fetch - putting the rest of your life on hold while you search for your home, but for those I have seen experienced, when they put their home search first priority above all else for a short period of time has always been the most successful and the least disappointed.
I know you have soccer practices to run to, you have social parties you have to attend, and you might have a meeting that has to be cut short, but if you are like most buyers in today's market, you want a good deal for your home. No one wants to pay more than they have to. Most good deals - move-in ready condition with great price do not stay on the market very long no matter the price range.
Put home buying a super high priority in your life. Be ready to write a good contract when you see one. Get your supporting documents ready for your lender. You might temporarily suspend your social life. Put home search very high on the list. I promise that you will not be disappointed with the outcome.
You are going to live in the house for a few years. Some early sacrifices and a small change in lifestyle are ways I see "investing" in the home that house your happy family. During this stressful period, making your home search a high priority will be worth while.
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 Putting Your Life on Hold During Your Home Search
These days, I'm really starting to get to know myself better. These 32/33 years formed the person that I am. Some good qualities and then some, not so good. What I realized with the not-so-good are sometimes "excuses" or better yet, "stories" I have created to make believe is true for me.
Being the perfectionist that I am, I easily find flaws in myself. My upbringing taught me to always do better where I'm at, no matter how good I am. There's always room for improvement. What I heard was I'm never good enough.... Funny how one person says one thing, it gets translated, or worse yet, twisted in weird ways that last for years. With that thought, Always Room For Improvement, I strive to reach for "perfection" all my life.
As I get to know some of my friends here in the 'Rain, I became envious, wished I had qualities they carry so eloquently. For the longest time, I wish I was the People Magnet. But where would you find me? In the kitchen, helping clean up because I feel I'm never smart enough, bold enough to attract people.
In so many ways, I've enjoyed being the actual worker bee of the group. The silent one that holds things together yet never enough to take the credit for it. Yup, that's where I find significance in my life and in my work.
Being in the sales world, I doomed myself for mediocrity. Perhaps I've wrote myself off as Never good enough to immerse myself with the success I see others have. But I just keep putting forward my best foot forward each day to serve one client at a time with the best I've got from within me. Never too afraid for not claiming the best from within.
Slowly, I'm finding my voice and my place in the real estate world. More so here in the 'Rain. I've come to see value in the bold and the quiet. The biggest thing I've found is:
If we let our light shine, we unconsciously give others the permission to do the same. As we liberated from our own fear, our presence automatically liberates others. Although I never want to admit and it took one real person who had the guts to tell it in my face, my biggest fear is not that I'm inadequate. My biggest fear is that I'm successful beyond measure in my quiet ways.
Thank you, God for telling me that I am your masterpiece. As I view my sweet boy as he sleeps tonight, although with the meltdowns and tantrums I endure today, I still love him from the bottom of my heart, from the tiniest strand in my hair and in every inch of my body. Still perfect in my eyes. I can't imagine how much more God smiles and yearns to look at me when I sleep.
When you don't view yourself as God's masterpiece, it hurts HIM more than it hurts you. When you feel you've let Him down, know that you've never let Him hold you up. Don't compare yourself to others. God never makes anything in vain. He has a plan to make you His Original Masterpiece.
Some bold. Some quiet. But all equally valued.
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).
Some Bold, Some Quiet But All Equally Valued
Frisco TX reported 173 homes sold in September 2009. These numbers include single-family homes, condos, duplexes and townhomes. That makes Frisco TX sold a total of 621 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
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 |
When compared to last year, Frisco TX sold 653 homes in the same period in 2008. The sales number are down 5% for 3rd Quarter comparisons. In 2008, 1,884 Frisco TX homes sold from January through September. The numbers are down 12% to date.
| Average Price per Square Feet | Average Days on Market | |
| January | $87 | 87 |
| February | $88 | 108 |
| March | $87 | 96 |
| April | $92 | 86 |
| May | $91 | 78 |
| June | $91 | 80 |
| July | $91 | 78 |
| August | $93 | 84 |
| September | $89 | 74 |
Real Estate Commentaries based on the above market data:
The average price per square feet sold are lower in the less busy months and peak in August as our normal Frisco TX real estate trends indicate.
Currently, Frisco TX has 949 homes available for sale. The lowest priced property is a townhome off Hickory Street, priced at $47,700 (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). 245 homes are under contract.
The absorption rate (ie time it takes for all the current inventory to sell in its current rate) is approximately 23 weeks (almost 6 months). This means if there are no additional inventory that comes on the market, it takes approximately 23 weeks or 6 months to sell all of its current inventory.
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 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 August 2009 Frisco TX Homes Market Report.
Read comprehensive July 2009 Frisco TX Homes Market Report.
Read comprehensive June 2009 Frisco TX Homes Market Report.
Read comprehensive May 2009 Frisco TX Homes Market Report.
Read comprehensive April 2009 Frisco TX Homes Market Report.
Read detailed 1st Quarter Frisco TX homes market report at 1st Quarter 2009 Frisco TX Homes Market Report.
View new Frisco TX homes now:
Search For Your Frisco TX Home 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 3rd Quarter 2009 Housing Market Report
McKinney TX sold 687 home sales in the 3rd Quarter 2009. These numbers include single-family homes, condos, duplexes and townhomes in McKinney TX (not only MLS 53 but including MLS 55 McKinney TX on the local MLS system). When the 3rd Quarter 2009 ended, McKinney TX sold 687 homes this quarter. When compared to the same time last year, McKinney TX sold 606 homes for the same period in 2008. The positive news is an astounding improvement of 11%. It is deserving of a victory when every city around it see a decline when comparing to the same time last year.
January: 100
McKinney TX homes SOLD
February: 128
McKinney TX homes SOLD
March: 185
McKinney TX homes SOLD
April: 175
McKinney TX homes SOLD
May: 191
McKinney TX homes SOLD
June: 225 McKinney TX homes SOLD
July: 260 McKinney TX homes SOLD
August: 241 McKinney TX homes SOLD
September: 186 McKinney TX homes SOLD
The average home in McKinney Texas is 4-bedroom, 3 bathrooms, approximately 2,600 square feet and sold for $215,672 in 74 days on the market.
The lowest priced home sold for $34,900 (3-bedrooms, 1-bathroom property, 952 square feet) near Downtown McKinney TX 75069. It is bank-owned property, sold in 43 days. The buyer paid cash.
The most expensive priced home sold for $971,000 (5-bedrooms, 4 1/2-bathrooms, over 6,100 square feet) in
Provine Farms McKinney TX 75070.
It is a custom built English Tudor, with breathtaking views of the
backyard with a swimming pool and spa on this property.
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.
| 0-30 Days | 31-60 Days | 61-90 Days | 91-120 Days | 120+ Days | |
| No. of Listings | 271 | 125 | 88 | 72 | 131 |
| Breakdown % | 39.45 | 18.20 | 12.81 | 10.48 | 19.07 |
| Avg Sales Price to Listing Price | 97.6% | 96.5% | 97.4% | 96.0% | 96.0% |
| Average Price per Square Feet | Average Days on Market | |
| January | $77 | 82 |
| February | $77 | 85 |
| March | $79 | 89 |
| April | $81 | 86 |
| May | $83 | 87 |
| June | $83 | 75 |
| July | $82 | 70 |
| August | $82 | 70 |
| September | $82 | 78 |
Real Estate Commentaries based on the above market data:
McKinney TX continues to be very promising in delivering positive signs of real estate market recovery in the DFW metroplex. It is one of the few cities that continue to yield improvement numbers in the past few months. To date, McKinney TX sold 1,691 homes from January 1 through September 30. When compared to the same period last year, McKinney TX sold 1,788 homes.
There are 861 homes for sale in McKinney TX. 349 homes are currently under contract. Based on its current inventory level, it would take approximately 20 weeks (5 months) to sell based on its market pace, also known as Absorption Rate.
Read how McKinney TX homes stack up to other surrounding cities for home sales in the month of August:
View Just Listed McKinney TX homes for sale:
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.
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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
McKinney TX 3rd Quarter 2009 Housing Market Report
The BIG, BIG, BIG Question: Has the $8,000 First Time Home Buyer Made a Difference in YOUR Housing Market?
There are continued discussions about the extension of First Time Home Buyer $8,000 Tax Credit. This tax credit is offered by President Obama's job and recovery plan in hopes to stimulate the economy. The current plan is set to expire November 30 2009.
Although it is not certain that this bill will be extended, most Americans feel that in all likelihood, that it would. However, one should never take this as a certainty and get disappointed if it would not be extended.
The First Time Home Buyer $8,000 tax credit has been approved and extended for military personnel until November 30 2010 (1-year extension). Active military personnel (served on active duty for at least 90 days) qualifies for this Service Members Home Ownership Act of 2009.
As the dateline drawing near, Congress has submitted several proposals for extension.
Senator Ben Cardin (D-MD) introduced S.1678 to extend the $8,000 first time home buyer tax credit to June 1, 2010.
Senator Johnny Isakson (R-GA) introduces S.1230 to extend the tax credit until November 30, 2010 and expand the tax credit to $15,000 to include all home buyers.
Where all this would stand is still up for a debate.
Has the $8,000 First Time Home Buyer Make a REAL Difference in the Housing Market?
The answer for me is Yes and No. The first time home buyer market has definitely soared because of the tax credit, especially for the Frisco TX housing market less than $300K. The $300K market and up continues to be stagnant. There was an initial intention for when first time home buyers enter the housing market, the Sellers of these homes would move up, and overall stimulate the overall housing market. Everyone wins! However, it is my opinion that this goal was not achieved, at least not in the greater Frisco TX area.
The Frisco TX market continues to flood with foreclosure and short sale inventories. The good thing is that these inventories are moving, hence the banks are not stuck with these portfolios. Many Sellers of these "first-time" homes are selling because they are in financial difficulties due to job loss, and those who do not need to sell now are not doing it for fear of near-future unemployment. The rental markets are not growing proportionally because many of these homeowners moved in with families, hence the rental market has not grown like it should.
My first time home buyers in and around the greater Frisco TX area are extremely grateful for the tax credit. I continually have lots of discussion with new clients about needing to purchase before November 30 dateline. Hence, if this credit is extended, many more will be able to enjoy this generous tax credit.
In the past, I was in favor for this tax credit extension. I still stand my ground. But if there is a better way, I will be open to look at my options. In the end, I want to put my American hat on to help overall "America" and not just my pocketbook. Somehow, the focus should be placed on Employment rather than the Housing market. When employment is stable, everyone buys anything. Not just houses.
Hey, but what do I know? I only know how to sell houses!
Has the $8,000 first time home buyer tax credit helped your overall housing market? Share your thoughts so collectively, America can do what's best for her.
New Listings in Frisco, McKinney and Allen:
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).
Originally Posted on Effects of First-Time Home Buyer $8,000 Tax Credit in the greater Frisco TX area
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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.
Click on the links below to read more about ...
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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