Photos from Loreena Yeo - Broker|Realtor(R) of www.Frisco-TX-Homes.com (214) 783-2210
Sem Elementary located in Panther Creek off Honey Grove. Sem opened its doors in August 2005.Located in: Panther Creek Estates (Frisco, TX)
The truth out there is that there are many more who has not much savings to speak off, should they be purchasing?
In the past, my answer would be a strong NO. Today, my answer would be a MAYBE. Why?
While serving as this realtor, I have many chances to become my client's trusted advisor in one of their biggest purchases ever. I do not take this task lightly and I am very careful in the houses I show them. We normally set up an initial consultation to evaluate their needs.
I serve a large pool of clients with different financial backgrounds. For those who cannot put down payments, I do evaluate their situations and where I am needed (when they ask for advice), I share with them my best home advice - where your home should be a blessing - not something you work hard to make payments for.
Thus, I advocate putting as much down as possible and if there are consumer debts, pay them off first. I truly believe in this philosophy because I feel that this is when you can make your home a blessing to you and your family.
However, I do have a small change of heart about totally paying off ALL the consumer debts. The truth is that people spend and people buy. Be it a jet-ski, vacation, or simply crap, people spend money. So, if they thought that renting is simply an act of throwing money away, then I would say that making that house payment in lieu of having any extra to spend on would be a good idea.
(Note: I still want to advocate that I think this is not the best idea in the world but I cannot or should not judge what people should do with their money.)
What do you think?
It has just been made official: The Cotton Bowl is headed for the new Dallas Cowboys stadium in Arlington, Texas. The Cotton Bowl Classic has been played in the Cotton Bowl stadium since its inception in 1937 and soon will use the new facility on New Year's Day 2010. This brings good news for Jerry Jones - the owner of NFL Dallas Cowboys. The Cotton Bowl officials intend to pursue the Cotton Bowl as another BCS Bowl Series which are currently determined through the 2010 season.
The Cotton Bowl facility has been deteriorating and with the unpredictable weather conditions in North Texas, this facility has not been a good contender as a choice of the BCS Bowl Series. However, the new Cowboys stadium is constructed with a retractable roof. Hence, this solves the weather issue in January where it could be relatively sunny or icing in North Texas.
In the past, the Cotton Bowl had faced its controversy about the expensive $50 million in renovations to include upgrade seats, concession stands, scoreboards and restrooms. When completed, this stadium should seat over 92,000 seats. No plans can be made until the OU Sooners -Texas Longhorns Red River Rivalry makes the decision of extending the contract. They finally did to at least 2015.
With the Cotton Bowl headed for the new facility and now becoming a BCS Bowl Series contender, it is poised to bring good fortune to the Dallas, Arlington and surrounding areas.
Loreena Yeo and 3:16 team REALTY provide real estate services for the Frisco, Plano, Dallas, Richardson, Allen, McKinney, Prosper, Celina, Little Elm, Arlington, Irving, Coppell, Carrollton, Farmers Branch and surrounding cities. To begin your home search, you may visit this site. To find out how much your home is worth in this current real estate market, contact Loreena for a customized marketing plan to get your home sold.
Panther Creek Estates (PCE) Frisco is a highly-sought after neighborhood in Frisco. Located on the north side of Frisco, Panther Creek borders Hillcrest to Coit and Eldorado Parkway to Panther Creek. Intermedco developed Panther Creek Estates in early 2004. Since that time, many builders have participated in building PCE. They are Buescher Homes, Mercedes Homes, Centex, Meritage Homes, Bowen Family Homes and the two latest builders are First Texas Homes and D.R. Horton. Legendary Homes - a sister-company of Buescher Homes participated but only built very few homes during their time at Panther Creek.
There are a few foreclosures at Panther Creek Estates Frisco as a result of unsuccessful real estate investing. These are very large homes (over 3,000 square feet). However, with very minimal home features. If you are looking for a large home, this may be a option for you. Then, you could remodel it yourself with the upgraded features of your choice. They start in the low $200Ks.
Then there are "regular" homes. These are homes built by good quality features such as corian or granite countertops, wrought-iron balusters, stainless steel appliances, hardwood, upgrade tile backsplash, upgraded lighting and ceiling fans, upgraded high-quality paint finish, 42in wood cabinets and exterior austin stone elevations. These are highly-sought after features buyers are looking for these days and Panther Creek has a large selection of existing homes that reflect these features. Many of these are owned by homeowners that had put alot of time and effort in giving their homes special touches. Very well-maintained homes that buyers can be proud to own. These will sell for market value unlike the foreclosure ones.
However, due to the enormous selection offered by other Frisco TX homes, these prices have also been adjusted downwards. So, if you are looking for a great value, now is a great time to purchase. Inventory is at its all-time high and prices are maintained affordable.
Come visit Panther Creek today!
Directions:
From SH 121, head north on Preston Road until Eldorado Parkway. Turn east (right) until Hillcrest. Panther Creek Estates is located on the northeast corner of Eldorado and Hillcrest.
List Now, Reduce Later strategy is a real pricing strategy that many home Sellers use in today's challenging Frisco TX Homes.
My advice is not do it. Avoid it like a plague. I knew that was not the right price to list them at. It serves no one (Seller's and my time, not forgetting the Buyer's agents and Buyers' time to view the property).
It's one thing that I didn't know the RIGHT price to list it at, it's another if I know it's overpriced.
The List First, Redice Later strategy seems to get agents listings and the Sellers themselves try to get their highest possible price. But this strategy sets a false hope in the Frisco TX Home Seller's mind that somehow they *COULD* find that Buyer whom will give them that price. Over time, and with no offer, the relationship between the listing agent and the Seller gets strained. Then, when the listing agent goes back to ask for a price reduction, the Seller feels that the listing agent took away a huge chunk of their equity. Ouch.
I know not to take overpriced listings. I get too stressed out and it makes me sick that I am wasting my time and money. If I say, I'd never took an overpriced listing, I'd be lying. So, I know better. I just wonder where could this "knowledge" brings me? Maybe the Broker Bryant strategy of niching in Expired Listings...... Hmmmm..... maybe, just maybe.
Terry Schallert of La Crosse, WI wrote to Dave Ramsey Fans about Be Careful of Your Credit several months back. I'd like to comment about 2 comments made by Bob and Gabe recently.
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Disclosure: I am a Dave Ramsey fan. My family and I have been on the Total Makeover Plan since August 2005. We never acquired credit card debts, always paid them in full. But we realize we were still buying more than we need. So, we switched to an only cash-policy and keeping up with debt card transactions is alot less time-consuming than making sure the credit card payments are made on time. We had always lived on the philosophy of "living less than you make". It served us well.
I have a different outlook about Bob and Gabe's comments about tithing while in debt. While I understand that most Christians may not believe in this philosophy, I have experience this first hand. Coming from a non-Christian background, most of my childhood, I was taught to help myself first and the importance of having financial security. The more I grasp on this concept, the more I held on tightly to it. It was a difficult lesson learning to let go and it still is. But once I try relaxing my fist, and letting other priorities set precedence in my life, things around me start to make more sense. It is not something that one person can necessarily make you understand, it is an experience only you could feel it for yourself and make any sense of it.
In Christianity, we are taught that everything we have belongs to God. We are only here for a temporary moment and that this lifetime is a preparation for eternity in Heaven with Him. So, God owns 100%. Giving him back 10% (tithe) is just a small portion. Learn to make-do with the other 90%. Also, God in His almight power does NOT need our money. God provides for His kingdom when and where He sees fit. So, why would He require us to TITHE? Because He tries to change own personality of "grabbing on to stuff".
Editted (per Jason Romrell's comments:)
Is that irresponsibility on the debtor's part? I feel that that's really up to the debtor's opinion. If he/she has such high regard for responsibility, overspending on acquiring "stuff" perhaps may not happen in the first place. If this mentality does not change, there will not be a change of heart and a change of attitude towards spending. Buyers will always buy so if they choose not to tithe (assuming that they are taught to do that), more than likely they have another reason to use that 10% more because surprise, surprise, Christmas is in December, or opppsss...... I didnt realize that school starts in August and it's July now. My kids need new clothing because they outgrew them.
The Million Dollar Question is, "Should You Tithe While You Are In Debt?" The Million Dollar Answer is, "ABSOLUTELY".
You tithe yourself out of debt. In the hard process of learning where your money should go, you set priorities and along the way, hopefully you realize that financial is so much more emotional rather than mathematical.
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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.
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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.
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