🏠How to Know the Right Price for My Central Frisco TX Home

As a seller, you should be able to identify the approximate value of your property in Central Frisco, TX

Setting a price is the most important sales tool in real estate.  If your house is priced right from the start, you’re on the right path to attract the most number of buyers who can afford to pay the price your home is worth and within your own timetable.

What will happen if you price your property in Central Frisco, TX more than 5% over the market value?

• Your buyers may be intimidated and they may resist inspecting your home since they can find better values somewhere else.
• Buyers won’t even bother to look because they can’t afford it.
• The longer your house sits on the market, people in the marketplace may think something’s wrong. This is when your home can become “stale”.
• Tendency is you will be inclined to lower the price later down the road, just to be able to move the sale.

On the other hand, underpricing it would also be a substandard choice. You will lose money if you set your price below the market value but when time is of the essence, then setting a bargain price may attract more prospects.

How do you set the right price?

A licensed REALTORⓇ like myself has access to the Multiple Listing Service (MLS) where I can see all the information that we need to compare your home to similar properties in your area.

• Examine the features of your home that stand out among the listings on the market.

• Enhance the marketability of your house in order to reach the highest possible value. This is where curb appeal comes in, including making all the necessary repairs and improvements before listing it on the market.
• I can present to you a Comparative Market Analysis (CMA) when we start working where we can compare the recently sold properties in your area that are similar to yours. This will help you determine the listing price.

Your home’s market value and your personal situation should go hand in hand. Your situation will have a strong influence on how you will put a price on your home.

You also need to put mortgage into serious consideration. If you can see, through the analysis that we’ll do, that the market value won’t cover the mortgage balance, you may want to wait until the market conditions improve.

Why do you need a REALTORⓇ to sell your home?

Selling your homes means you will need time, negotiating skills and knowledge of neighborhood trends. These are some of the things I can do for you aggressively. It’s my job to keep abreast of the market changes that happen everyday.

When you’re ready to sell your home in Central Frisco, TX, please take advantage of my expertise to help you see the clearer picture of the current market conditions and price your home to sell.

I’m Loreena Yeo and you can reach me at 214-783-2210!

In case you can not view this video here, please click the link below to view 🏠How to Know the Right Price for My Central Frisco TX Home on my YouTube channel: https://youtu.be/50pOuPTMjBE

Should I Redecorate my Frisco TX Home Before Putting It on the Market?

What is the answer to one of the most frequently asked questions by home sellers?

Yes, you should redecorate your Frisco TX home for sale. Before you react or get upset, here’s the reason why I am suggesting you redecorate.

 

I know you are proud of your Frisco home. It is one of your best financial assets and you have worked hard to make it comfortable and dreamy. You have created a lot of memories in that home.

When the time has come for you to sell your Frisco TX home,  you might be apprehensive about what potential buyers may say when they come and visit your home. To make your home sell-worthy, you need to redecorate.

You must remember that potential home buyers ha

ve different tastes and preferences. No matter how artistic, exotic or unique your home decor may be, it must be toned down to make it more appealing to the potential buyer’s taste.

It must be done if you want to sell your home successfully.

How important is Redecorating?

Redecorating or staging is a must for any home for sale. It ensures that your home is sold successfully and potentially can add value to your home.

This process involves highlighting your home’s strengths and downplaying its weakness. It gives potential home buyers a chance to visualize what the house will look like once it’s theirs.

Consider staging similar to product packaging. You are packaging your Frisco TX home for sale so that it can be more attractive to buyers.

Staging does not need to be expensive. There are many budget-friendly things you can do to stage your home. The best thing is, staging your home properly yields higher return.

What are some basic staging techniques you can apply to your home?

Before your home goes on the market, here are some staging techniques you can do.

1. Deep clean and declutter. Do more than the regular home cleaning you are used to. Even the cleanest home has something to clean or get rid of.

This means getting rid of or putting into storage any knick-knacks  or books that have been accumulating in the corner. Take out the excessive display of your children’s accomplishments that hang on all the walls of the living room. Remove 90% of your personal stuff in the home.

You want the home to look clean and tidy and with plenty of space, and decluttering accomplishes that. If your carpet has not been cleaned for a year, now is the perfect time to have it deep cleaned. If you don’t have time, consider getting a professional cleaning job.

2. A fresh coat of paint. Paint is a miracle worker. It can make dirty walls look new. It gives new life to anything it touches.

A fresh can of paint can make the home look better, brighter and newer. Also, go neutral with the paint. If you wish to make it more lively, add a pop of color and use it as an accent.

3. Repair and maintain. Do not ignore the seemingly small repair issues.

Replace the leaking faucet and cracked tile in the kitchen.  Change the bathroom’s broken door knob. Fix the rundown portion of the fence.

A good thing to do to know what to fix and improve is to walk from the street and look at your home with a buyer’s eye. Check out the roof, sidings, windows and walls.

4. Improve your home’s lighting. Buyers love homes that are bright, open and well-lighted.

Replace any busted light fixtures and upgrade to contemporary styled ones. Take out the dark, heavy draperies hanging on the windows to let in natural light. Not only does this trick brighten the home, it also makes the space look bigger.

5. Spruce up your home’s curb appeal. Mow the lawn, prune the shrubs and trees and plant some colorful flowers in the garden. Make sure that your walkway is clean and well-kept.

These staging techniques are inexpensive, simple and can add value to your Frisco TX home for sale. Visit our website www.316RealEstate.com for more helpful tips and techniques on home staging.

Call us, Loreena Yeo and Mike Yeo at (214) 783-2210 and let us help make your real estate journey easier.

In case you can not view this video here, please click the link below to view Should I Redecorate my Frisco TX Home Before Putting It on the Market? on my YouTube channel: https://www.youtube.com/watch?v=YQaux6j4hzs&feature=youtu.be

 

Top Staging Trends in 2017 for Frisco TX Homes for Sale

There’s no question about the importance of home staging in today’s competitive real estate market where there are so many Frisco TX homes for sale on the market. Among the sea of options, buyers will only be attracted to the best properties with the most attractive prices.

It’s not just enough to put a “For Sale” sign on your yard and leave it to your REALTOR® to do the selling anymore. Staging your home for sale in Frisco TX is now a must if you want buyers to notice your home and get it sold fast.

Home Staging Trends for 2017

If you want your Frisco TX home for sale to stand out from the rest, here are some top staging trends for 2017 to make it look modern and updated:

1. Go Neutral

Nothing could brighten up and make a room look larger more than a fresh coat of paint in a neutral color. These past few years, I have noticed a growing trend for shades of gray as the preferred color for walls and floorings. Taupe and beige are good alternatives too if you want something other than white or gray.

2. Use Energy-efficient appliances

Aside from a beautiful and comfortable home, today’s homebuyers are looking for homes that are easier to maintain. They are also more environmentally-conscious and cost-conscious, so having an energy-efficient Frisco TX home is a good way to attract them.

Replace all lights with more energy-efficient LED lights.

If replacing all your home’s windows is not an option, you can opt for adding a low-E film to your double-paned windows to slow down heat transfer and increase energy efficiency all year long.

You can also improve the insulation in your attic and put a specially-designed cover on your water heater to lower energy consumption.

3. Incorporate Smart Technology to Your Home

Smart homes are in demand these days and is now easier to install or build into homes. You can add smart components to your Frisco TX home for sale such as a smart programmable thermostat. It costs only a couple of hundred dollars but can make heating and cooling your home so much easier and simpler.

Adding smart features to your home are minor investments that could go a long way in making your home look more modern and updated and attracting more buyers.

4. Metal Accents Are In

Metal accents are a great complement with neutrals. Copper is now a trend, and is perfect because it goes well with almost all neutrals especially taupe or gray.

Aside from giving your home a more modern and polished look, metals such as copper and stainless steel are very easy to maintain and provide an attractive focal point to any room.

Copper is also a sturdy material that is resistant to bacteria, which makes it a practical choice for bathroom and kitchen fixtures.

5. Update Your Countertops

If you have the budget to upgrade before you sell your home in Frisco TX, one of the areas you should prioritize is your kitchen. One of the most budget-friendly updates you can make in the kitchen is the countertops, since they dramatically improve the look of your kitchen and bathrooms and can make it look more modern and clean.

You can opt for engineered surfaces which provides the same look as quartz and marble without the higher cost and maintenance.

By following these 5 staging tips, your Frisco TX home for sale will look more modern and update and will surely attract more buyers than if you left it vacant.

Make sure to consult with your Frisco TX real estate agent first before making any home improvements so you know if you can get back the cost of improvements when you sell your home.

If you want more tips on how to sell your home fast, visit www.316RealEstate.com

Let’s get your home staged and sold! Call us, Loreena  and Mike Yeo at (214) 783-2210. You can be sure to get honest and personalized advice with our years of extensive experience in selling Frisco TX homes for sale coupled with our passion and dedication in helping buyers and sellers reach their goals.

 

If you cannot view this video, click here to get to my YouTube channel: https://www.youtube.com/watch?v=8LOiwFO29FE

Is Buying always better than Renting?

Is homeownership on your horizon? Are you excited about your possibilities? Wow… you can finally paint the wall black, green or purple just because you can!!! How cool would that be?
So, you pay $1,000 in rent now. For $1,000* in mortgage payment a month, you could buy a $150,000 home at 7% interest for 30 years. In the Dallas/ Fort Worth market, $150,000 buys you a pretty good starter home.

Hold on….. before you go on further, let’s ponder on some important issues of homeownership first.The $1,000 in mortgage payments have not even included the property taxes and insurance. Okay, so let’s back up to a little less house then. Let’s assume that the property taxes and insurance is approximately $250 per month. That makes the mortgage payment (principle and interest) to about $750. At that amount, you are probably looking at a house valued between $110,000 – $120,000. Still not bad.

So, here you are. You put your signature on the dotted line. Your real estate agent called you to tell you that your loan closed and funded. You received the keys. You now own your American Dream. You move in and you are happy.

New homeowners start to think differently. The mix and match furniture from the college days suddenly do not fit the taste of their new home. They did not like the wallpaper the previous owner left behind. The yard needs to be mowed, edged and trimmed. The garage needs some organization. So, what would a “regular” new homeowner do in this situation? They go out to make Home Depot and Lowes their second home. They could also qualify for a reserved parking spot just because of their frequent visits. These are the unseen foreseen expenses that homeownership incurs. How much is ever enough? So, out they go to get a Home Depot or Lowes store credit. Zero percent interest for 18 months? Sounds like a no-brainer. Have pure intentions of paying this way before the zero percent deal ends? But life got in the way? Before you know it, you are looking at more debt.

Even if you are disciplined enough not to do home improvement projects and do not mind using the couch Aunt Janet gave you, homeownership could have maintenance costs to consider. Remember in your apartment days, when the air conditioning unit is not cooling enough, you pick up the phone to call the apartment manager? Gone are the days. When your heater goes out, you pay for the repair. When your toilet gets clogged, you sign the invoice.

It is not my intentions to dampen your spirits. But if I was your realtor – the one who watch for your best interest, if I did not discuss these scenerios about your possibilities and just share with you about homeownership as a bed of blissful, sweet smelling roses, I feel I did not paint the whole canvas.

A well-prepared new homeowner is a smart planner. Remember that your home should be a blessing for you. It should serve you and your family well for many, many years, not the other way around. So, if you feel that homeownership is on your horizon, pick up the phone and call. I’d love to share tips and strategies with you to make your American Dream a pleasant experience.

House Rule: Is Buying ALWAYS better than RENTING?
The answer: In the long-run, yes. In the short-run, no. It can leave a bad taste in your mouth for a while.

The Power of Focus superceed the Power of Math

Are you getting ready to purchase your first piece of real estate? I remembered what that feels like. It feels both exciting and scary…… Are you not sure you are doing the right thing? Got some debt strap you down for a while?

My advice for saving for homeownership is not typical. I know that. But I do know if you follow these steps, you walk on solid grounds for sure. There is nothing better than knowing every step you take sets up foot firmly in the ground.

My advice: Pay off consumer debts first, then build a good savings prior to buying your first home. Why? Debt can take a toll and joy out of homeownership. Even if you purchase a fairly new home, who is to say that things do not break? Or better yet, what guarantees you to not be in car wreck? I do not claim to be a devil’s advocate but for those whom I had advised and worked with several months prior to purchasing the house ends up feeling at peace when they move it.

How Do You Do It?
Lay out all your debts on paper. List from smallest amount to largest (regardless of interest rates or payment size). Stop your 401K/ investments. That frees up additional cash you can now put towards the smallest debt. Attack it first. Then after you pay off that debt, take that amount you were using, attack the next largest debt.

In this exercise, the Power of Focus superceeds the power of math. While most “mathematical intellects” choose to pay off the highest interest rates, you must realize that when dealing with financials, you are dealing with “emotions” more than you are dealing with “mathematics”. After all, it was emotions that got you into the debt in the first place. What we try to do here is to generate a huge intensity to eliminate debt.

If you have a huge mountain of debt to pay off, you might loose focus after a while because you feel it is going no where. If you attacked the smallest first, you gather more and more intensity about paying the debts off one-at-a-time (smallest-to-largest).

Try it. You will be glad you did. Good luck!