Who is my agent?
More often than you’d expect, homeowners refer to the person they bought their insurance from as their agent. It sounds reasonable but it’s definitely not accurate. That person is the agent of the insurance company and they legally represent the company, not the customer. Even an independent agent who can place a policy with different companies is still an agent of the company.
A mortgage officer, in most cases is an employee and represents the company. And the same is true for a title or escrow officer. It’s important to understand the actual relationship to know what you can expect from them.
Any business person who wants to stay in business must treat their customers fairly and with a high degree of service. As a customer, you should be able to reasonably expect honesty and accountability. The difference is that employees owe their loyalty to their employer and agents owe their loyalty to their principal.
An agent owes more than just honesty and accountability. The principal can expect complete disclosure, obedience, loyalty, reasonable skill and care and confidentiality from their agent.
This advocacy is very beneficial during the buying or selling process to coordinate all aspects of the transaction. The agent can bring valuable experience to your side of the transaction to provide confidence that your best interests are being represented from start to finish.
Most states have a recognized procedure for the real estate professional to create a formal relationship between themselves and a buyer or seller. This requires a fiduciary/statutory responsibility that places the principals’ interests above the agent’s own personal interests.
Working with me means I’ll be looking out for your best interests during the entire transaction!
What Kind of Buyer Are You?
When they first, call many prospective buyers tell me they want a fixer-upper. It’s sooooo trendy to be a fixer upper buyer these days. It can be a wise decision, too, depending on circumstances. I ask a lot of questions because I’ve learned my idea of a fixer-upper is considerably different than many other people’s ideas.
What kind of buyer are you?
The Pristine Buyer—You are not a fixer-upper buyer. You want a house ready to move into so you can concentrate on your new job or new baby. You want great carpet, fresh paint, up to date appliances, gorgeous tile, and a recently mowed yard. The biggest headaches for you will be deciding where the couch is going. You’ll pay a few dollars extra to find this house. Often you’ll have to beat out other interested buyers in a multiple offer situation. Smart sellers are preparing their homes for your viewing pleasure right now.
The Up Dater Buyer—The Up To Dater Buyer can see how new paint and floor coverings can change a room. Appalling magenta walls or ugly wallpaper don’t daunt them. The UTD Buyer likes choosing new paint colors and imagining original window treatments. They will prefer the home had wonderful hardwoods instead of carpet, but they can see having that done before they move in. The closest they want to get to a kitchen remodel is choosing new appliances and fresh wall color. There’s still pretty good competition for this type of home…be prepared to make a solid offer quickly when you find it.
The Visionary Buyer— These buyers get that a run down house will need a redone kitchen or a complete bathroom gut job. These buyers love a foreclosure or a ‘Grandma’s House.’ Foreclosures often suffer from abuse or neglect. Grandma House homes haven’t been updated since Kennedy was in office, but are in otherwise great shape. These buyers are going to be known a bit more at the local hardware shops. They are also going to be asking all their friends who they know who does good tile work. In the end, they will have a home with a lot of sweat equity built right in.
Then there are the truly Brave Souls who rub their hands in glee when they spy holes in walls, missing cabinetry, and foul smelling carpets. Termite damage? No problem. No electrical? Not an issue. Rotten floors? Easy.
These buyers are the most experienced in home remodeling and updating. Maybe they’ve done serious rehab or remodeling projects in each of their last three houses. Smart ones have a small pile of cash waiting for the big unpleasant surprises the work crews find when they rip out a wall. They also have great relationships with many different sub-contractors. And if they don’t before they start the project, they certainly will after. The Brave Soul Buyers are wonderful for a neighborhood because they take what could be an unsightly junk house and turn it back into a home.
What Kind of Buyer Are You? The majority of my potential fixer-upper clients decide they really don’t have as much time and vision as they thought they did once we start looking for houses. These folks decide a little paint and carpet is easy…but it’s even easier to find a home where the seller has conveniently done all that hard work for them. Paying a few dollars more to move into a fresh, pretty home pleases them.
Whether you are a tried and true fixer or an ‘I’ll choose new paint’ kinda buyer, I love helping you find a great property. I know properties all over the DFW area for all types of buyers….and different price levels. Call me and I’ll tell you about what I’ve found.
Welcome Home, Layton & Kathryn!
May you make lots and lots of happy memories in your first home!
2013 is off to a great start!
Not only was January one of the best months ever for my real estate practice, it followed a very busy December. February is starting off in the same tone…I’m showing houses to a lovely, young, first time home buyer couple today. They have been looking for a while and are ready to take the plunge into home ownership.
I think the first weekend of February will start off with writing an offer on their favorite house.
If you are interested in buying or thinking of selling your home, give me a call. I’m happy to answer any questions you might have!
SOLD in Fort Worth
This charming house has new owners. The sellers got a nearly full price offer. Everyone is delighted with the outcome.
I can help sell your home as well. Give me a call.
A Seller’s Market?
According to the Texas Association of Realtors, Texas has seen a rise in price and demand and a reduction in inventory throughout the state.
I’ve noticed the same in most of my selling areas. Brisk demand and very decent contract prices. Not great prices—we still have a ways to go there, but much improved.
It’s been a solid year for real estate around here. And it’s not over yet.
Showings and interest remain high on my current listings.
I hope to close a few more deals before the end of the year. There is still time to buy or sell and be in the home by Christmas.