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Buyer and Seller Tips

Found 34 blog entries about Buyer and Seller Tips.

3 Steps to Navigate a Gridlocked DFW Housing Market

The Dallas Fort Worth Housing Market has never seen such a housing shortage as now, and that is occurring with a record-breaking 40,000 new homes built in 2020 and another 40,000 forecasted to be built in 2021 according to KRLD Radio. Additionally, KRLD 1080 Radio reported, "the median price for a single-family home jumped 16% last month to nearly $313K, the highest price ever in North Texas."

For generations, there has always been an ample supply of area homes for sale, especially new homes, and that has helped to keep home prices competitive and in check, but for now, that past norm is "out the window" as the DFW Metroplex struggles with a housing supply shortage and rising prices. 

And so there are new rules that apply to both locals and

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Dallas Fort Worth Real Estate Market Changes are on The Horizon Today

IT was bound to happen. Overplaying the COVID card has caused mountains of reckless government borrowing. With each passing day, the resulting debt-aftermath is approaching, and it looks daunting. It is clear to prevent a complete collapse of the credit currency that interest rates will need to go up to begin to remove from circulation all those inflation-causing credit instruments responsible for skyrocketing real estate and stock market valuations. In doing so, the Reserve Bank protects itself from collapse while transferring any resulting consequences to the people.

Honestly, it is not difficult to see that natural law is the gold standard of civilization. It fosters pricing stability and rationality, but it seems absent in today's artificial

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 DLPFC is the Scientific Formula for Selling Your Home

This blog gets directly to the point. "DLPFC" controls the sale of real estate. When an MLS listed property does not sell, one or more of the factors below are responsible.

Sellers Need to Understand the Concept of "DLPFC"

D - DEMAND. Without it, there are no buyers and no sales.

L - LOCATION. Location affects demand. Even great locations are subject to micro-location factors that affect demand and pricing.

P - PRICE. Rational price support must be generally supported by individual property facts and COMPS. Get this wrong and demand drops and listings languish on the market unsold.

F - FLOORPLAN. This is an underestimated factor. Not all floorplans have the same value. Identical homes (same floorplan), one having 3.5 baths and the

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 Inflation Causes Real Estate Prices to Increase

For years, homeownership was the one asset you could always rely upon to protect you from loss of dollar purchasing power. Historically, as the purchasing power of the dollar diminishes, the cost of building a new house increases. Today, even if a home was built 30 years ago, its current market value would be indexed to the cost of building a new home, adjusted for a home's condition and location.

For example, if a home costs $85K in 1990, (30 years ago), it might easily be worth $250K in today's market. The increase in price is mostly caused by inflation. Said another way, over time your monthly house payment shrinks in relation to your monthly income, making your house payment more affordable. Then at year 30, your mortgage is paid off, versus

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Are You Ready for COVID-19 Construction Delays?

If you're planning to start a new home, you'll now have to consider the very real prospects of construction delays due to supply chain disruptions and other unknowns as a direct result of the COVID-19 pandemic. I hope that's not the case, but reading the tea leaves...

Is it the end of the world? No. Is it a problem? Yes.  Is it too early to tell? Maybe.

China is currently a major supplier of U.S. building materials and the reported epicenter of the COVID-19 outbreak. As a result, our domestic economy could begin experiencing a major single-point supply disruption across a myriad of American businesses, including homebuilders, as they scramble to compensate for material shortages while dealing with COVID-19 and "shelter in place" emergency

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How Coronavirus is affecting Texas Real Estate Contracts

The COVID-19 Emergency is sweeping the Nation. It is impacting all aspects of the economy. While housing markets remain active, Texas consumers are encouraged to understand the impact Coronavirus can have on Real Estate transactions under the current National Emergency. The link below gives you access to the newly implemented Texas Realtors® form you need to understand.

Need assistance and guidance with your planned home purchase? Contact Realtor® Mike Askins at , or fill out our CONTACT US form.

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Save Money Buying a Completed New Home Builder SPEC Home. Check North Texas/ DFW Inventory NOW

Everyone knows you can just about always get a better DEAL when buying a completed DFW area Builder SPEC or Inventory Home. The real problem, however, was finding them - until now! In just "One-click," you'll be searching through 100's of Dallas Fort Worth New Homes scheduled to COMPLETE in February 2020! Why stress when you can employ ARG's™ exclusive MLS New Home search technology for instant results! If you're a new home buyer, you're now experiencing Dallas Fort Worth's No.1 New home resource. You can even search by specific BUILDER NAME or groups of builders, and by location, and Realtor® Mike Askins stands ready to help you find a needle in the haystack.

Finding DFW Builder SPEC Homes that are ready to Close in FEBRUARY or any month is

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2020 Homebuying Checklist

Smart Advice for How to Prepare to Buy a New Home

Some Highlights:

  • If you’re thinking of buying a home, plan ahead and stay on the right track, starting with pre-approval.
  • Being proactive about the homebuying process will help set you up for success in each step.
  • Make sure to work with a trusted real estate professional along the way, to help guide you through the homebuying steps specific to your area.
  • Need to discuss your specific real estate needs? Call Realtor® Mike Askins at

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Before You Spend $700K Are You Getting All This?

Here is an excellent large luxury new home value on a hard to find Greenbelt and Cul-de-sac lot! In fact, I would be remiss, if I did not bring this big 4 bedroom home with 5.5 Baths to your attention. What is even better is this hidden gem of a Prosper community, priced from the upper $400's to the $700's features large .3 to .5 acre lots, and no PID or MUD taxes to increase your monthly housing costs. I believe that new home buyers are smart to base their home buying decision on the overall measurable value before settling on a new home. I am happy to report, that is where Bloomfield Homes scores surprisingly high on value and quality, for their well-located luxury-level series of new homes on large 1/3rd acre+ estate lots at Prosper Lake on Preston

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