ARE YOU THINKING OF SELLING YOUR HOME? H


ARE YOU THINKING OF SELLING YOUR HOME? HERE ARE 6 FREE TIPS TO CONSIDER DOING BEFORE ANYTHING.

1. Home Odors. Because homeowners become desensitized to the odors in
their homes, they rarely realize how obvious odors can be to visitors. This is particularly true of pet owners and smokers.
2. Carpet and Flooring. One of the most visible areas of your home is your flooring. If your carpet is worn or dirty, get it replaced or cleaned. If you have vinyl flooring with corners coming up, get it glued down. Special note: Replacing flooring in smaller areas, such as kitchens, with high quality flooring can bring in premiums in price.
3. Paint and Walls. Paint is one of the least expensive ways to spruce-up your home. Consider painting outside trim and interior walls and doors.
4. Clutter. Excess clutter is a big buyer turn-off. You have to move anyway, so you might as well pack away items that make your home feel good to you, but turn off buyers.
5. Signs of Pests. If you have any sign of mice, rats, roaches, spiders, or bees, you should immediately contact a local pest control company and have them eliminated. There is no better way to show your home is filthy than by infestations. Remove all spider webs with a broom.
6. Landscaping. If your landscaping is messy, overgrown, or looks cluttered in any way, you need to fix it. Buyers make positive or negative conclusions about your home within the first five minutes.

If you need help buying or selling a home please contact Michele Hanigan at DallasHomes@me.com or call/text 214-738-5555.  Additionally, you can check out Park Cities / Dallas Real Estate Services.
MICHELE HANIGAN, Realtor
Mobile: 214.738.5555
DallasHomes@me.com
http://www.DallasHomesForSaleAndLease.com http://ow.ly/i/31MCr

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Housing Market in Dallas Fort Worth Hits New Highs


Dallas-Fort Worth’s hot housing market hits new highs in latest local and national surveys

Source: Dallas News

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North Texas’ housing market may be the only thing more torrid than the temperature outside.

Sales of pre-owned homes jumped 27 percent in July from a year earlier to set a record. And median home sales prices were up 12 percent last month, according to the latest local home sales data.

Dallas-Fort Worth home prices also hit a new high in a second-quarter nationwide comparison by the National Association of Realtors.

“We have had significant prices increases for almost a year now,” said James Gaines, an economist with the Real Estate Center at Texas A&M University. “We are at the peak of the housing market in June and July.

“We expected it to be something like this.”

Real estate agents sold 9,397 pre-owned single-family homes in July in North Texas, according to a new report by the Real Estate Center and North Texas Real Estate Information Systems.

That’s the largest one-month total for home sales ever recorded in North Texas.

Gaines said some buyers are motivated by rising mortgage costs.

“People are beginning to figure out interest rates are going to go up, and they are jumping into the market,” he said.

Median sales prices in July were $185,000 in the almost 50-county area surveyed by North Texas Real Estate Information Systems.

So far in 2013, real estate agents have sold almost 53,000 North Texas houses through the Multiple Listing Service. That’s 21 percent more than in the first seven months of 2012.

On average, it took only 49 days to sell a house in North Texas.

The inventory of pre-owned houses on the market fell 16 percent from July 2012 levels. There was just a 3.5-month supply of homes listed for sale with real estate agents.

Dallas-Fort Worth home prices were 11.5 percent higher in the second quarter than they were a year earlier in the report, released Thursday by the National Association of Realtors.

The D-FW increase was the largest in more than a decade in the quarterly metropolitan home price comparison.

Nationwide prices were up 12.2 percent in the same report. Home prices rose in the second quarter in almost 90 percent of the U.S. markets the Realtors surveyed.

“There continue to be more buyers than sellers, and that is placing pressure on home prices, with multiple bids common in some areas of the country,” Lawrence Young, economist for the Realtors group, said in the report. “Higher interest rates are now causing sales to level out, but the tight supply conditions look to be with us for the balance of the year in most of the country.”

The national median price for pre-owned single-family homes in the second quarter was $203,500, compared with $181,800 in the D-FW area.

The D-FW price was a record high for this quarterly survey.

The cities with the largest second-quarter price increases from a year ago were Sacramento, Calif., up 39.2 percent; Atlanta, 38.9 percent; and Cape Coral, Fla., 36.1 percent.

In Texas, the largest quarterly home price rise was Houston’s 12.3 percent gain from second quarter 2012.

Most housing analysts are projecting some moderation in the housing market next year because of higher financing costs and the surge in buying in 2013.

If you need help buying or selling a home please contact Michele Hanigan at DallasHomes@me.com or call/text 214-738-5555.  Additionally, you can check out Park Cities / Dallas Real Estate Services.

MICHELE HANIGAN, Realtor
Mobile: 214.738.5555

DallasHomes@me.com

http://www.DallasHomesForSaleAndLease.com

Selling a Home for Sale? Updates?? Check This Out….


2012-13 Cost vs. Value: Make the First Impression Count

Updating the outside of a home pays off, according to this year’s Cost vs. Value Report. Real estate professionals ranked exterior improvement projects as winning the buyers’ eye and providing sellers with the most return on investment.

JANUARY 2013 | BY ERICA CHRISTOFFER

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Homeowners, if you’re wondering what home improvement projects will give you the best return on the sale of their home,  think “curb appeal.”

When buyers are shopping for a home, the exterior can make (or break) the first impression. According to the 2013 Cost vs. Value Report, exterior replacement projects are among the most valuable home improvements that sellers can currently invest in, starting with the front door.

A steel entry door topped this year’s survey with an estimated 85.6 percent of the costs recouped at resale. The steel door replacement is also the least expensive of the 35 midrange and upscale remodeling projects included in the survey, costing $1,137 on average.

This is the 15th year that Remodeling magazine — in cooperation with REALTOR® Magazine — has released the Cost vs. Value Report. This year’s survey included more than 3,900 appraisers, sales agents, and brokers across the country who provided their opinions and estimates.

Exterior projects dominated the list with six of the top 10 most cost-effective midrange projects and eight of the top 10 upscale projects.

Top 10 Midrange Projects

1. Entry Door Replacement (steel)
Job Cost: $1,137
Resale Value: $974
Cost Recouped: 85.6 percent

2. Deck Addition (wood)
Job Cost: $9,327
Resale Value: $7,213
Cost Recouped: 77.3 percent

3. Garage Door Replacement
Job Cost: $1,496
Resale Value: $1,132
Cost Recouped: 75.7 percent

4. Minor Kitchen Remodel
Job Cost: $18,527
Resale Value: $13,977
Cost Recouped: 75.4 percent

5. Window Replacement (wood)
Job Cost: $10,708
Resale Value: $7,852
Cost Recouped: 73.3 percent

(tie) 6. Attic Bedroom Addition
Job Cost: $47,919
Resale Value: $34,916
Cost Recouped: 72.9 percent

(tie) 6. Siding Replacement (vinyl)
Job Cost: $11,192
Resale Value: $8,154
Cost Recouped: 72.9 percent

7. Window Replacement (vinyl)
Job Cost: $9,770
Resale Value: $6,961
Cost Recouped: 71.2 percent

8. Basement Remodel
Job Cost: $61,303
Resale Value: $43,095
Cost Recouped: 70.3 percent

9. Major Kitchen Remodel
Job Cost: $53,931
Resale Value: $37,139
Cost Recouped: 68.9 percent

10. Deck Addition (composite)
Job Cost: $15,084
Resale Value: $10,184
Cost Recouped: 67.5 percent

Top 10 Upscale Projects

1. Siding Replacement (fiber-cement)
Job Cost: $13,083
Resale Value: $10,379
Cost Recouped: 79.3 percent

2. Garage Door Replacement
Job Cost: $2,720
Resale Value: $2,046
Cost Recouped: 75.2 percent

3. Siding Replacement (foam-backed vinyl)
Job Cost: $13,818
Resale Value: $9,926
Cost Recouped: 71.8 percent

4. Window Replacement (vinyl)
Job Cost: $13,055
Resale Value: $9,295
Cost Recouped: 71.2 percent

5. Window Replacement (wood)
Job Cost: $16,361
Resale Value: $11,194
Cost Recouped: 68.4 percent

6. Grand Entrance (fiberglass)
Job Cost: $7,088
Resale Value: $4,528
Cost Recouped: 63.9 percent

7. Deck Addition (composite)
Job Cost: $34,403
Resale Value: $20,532
Cost Recouped: 59.7 percent

8. Major Kitchen Remodel
Job Cost: $107,406
Resale Value: $64,113
Cost Recouped: 59.7 percent

9. Bathroom Remodel
Job Cost: $50,007
Resale Value: $29,162
Cost Recouped: 58.3 percent

10. Roofing Replacement
Job Cost: $33,880
Resale Value: $19,194
Cost Recouped: 56.7 percent

Ending a six-year cost-value ratio decline, this year’s Cost vs. Value Report is good news for remodeling industry with a rise in the ratio by three percentage points to 60.6 percent. According to the report, lower construction costs and stabilizing house prices were the principal factors for the upturn.

While every region improved over last year’s survey, the Pacific region — Alaska, California, Hawaii, Oregon, and Washington — had the highest average cost-to-value ratio overall at 71.2 percent, despite having the highest construction costs in the country.

Visit www.costvsvalue.com to find information from the 81 cities included in the survey and download free PDFs that include specific market data. Site registration is required. Also visit HouseLogic.comfor a slideshow of the report’s results.

If you need help buying or selling a home please contact Michele Hanigan at DallasHomes@me.com or call/text 214-738-5555.  Additionally, you can check out Park Cities / Dallas Real Estate Services.

MICHELE HANIGAN, Realtor
Mobile: 214.738.5555

DallasHomes@me.com

http://www.DallasHomesForSaleAndLease.com