Spring has sprung and so have the “For Sale Signs” in the front yards of homes across the state. The 1st and 3rd Wednesdays of the month are some of my favorites because I’m able to tour new homes to the market in East Dallas. My tour this week included a very well-priced Craftsman located in the sought after neighborhood of Munger Place; which is part of the Swiss Avenue Historic District. This home has the type of curb appeal you see on TV and a wraparound covered front porch that would put anyone in the mood for a porch swing and a cold glass of iced tea.  The 2nd home was a built in 1999 in accordance with the Swiss Avenue Historic District guidelines, and reflects the architecture of the neighborhood perfectly. The custom Euro-style interior features a versatile floor plan with bedrooms on each floor. My next stop in North Ridge Estates was a hit as well. The home I toured here is in a neighborhood that is going for through a soft gentrification. I say soft because the neighborhood never dropped into disrepair, it’s just a new group of home owners that are moving in, adding-on, updating and starting over. The last two homes were very close to White Rock Lake in the neighborhoods of Gaston Place & Lakeshore Hills. These neighborhoods are walking distance to the Lakewood Country Club, Whole Foods and White Rock Lake. I loved the location and potential of the lot at The Gaston Place home but inside the design selects were too specific or completely missing and unfortunately, it only had a 1 car garage. Amazingly, the last one we toured in Lakeshore Hills is being sold as an investment, meaning the home is in average to poor condition and is being marketed to custom builders for lot value. What an opportunity for someone to make their own statement on a property. 

Thanks for reading by blog, I love sharing my stories with you. If you would like more specific information about one of the homes I mentioned, email me at heather@heatherguildgroup.com and I’ll be happy to send it to you. If you’d like a sign in your own front yard I’ll be happy to talk to you about that too!
Visit my website at http://www.heatherguildgroup.com/ to find more about Real Estate!
Considering buying or selling a home, but wondering how the current buyer’s market affects that decision? 
We all hear the term “buyer’s market” bandied about on news programs and in the media, but what does it really mean?   Typically, a buyer’s market refers to a 7-8+ month supply of available homes.  Making the assumption that homes continue to sell at the current rate and assuming that no new homes come on the market, it would then take 7-8 months for ALL of the homes on the market to sell.   Historically, this large of an inventory has shown that the supply of homes outweighs the demand for homes. 
So, what do you need to know to take advantage of this market regardless of whether you need to buy or sell?
Most importantly, everyone must realize that even though there may be a lot of homes on the market, the percentage of well-maintained, move-in ready homes is low.  I recently toured 15 properties with a client.  Of those, only one was occupied and/or had furniture in it.  Buyers, if you want to buy one of these homes, you need to be prepared to make an offer.   Don’t wait or someone else will buy it.  Want to buy one of the vacant properties?  Be prepared to find a laundry list of maintenance items that need to addressed on the inspection report.  After all, if the homeowner couldn’t afford their mortgage, they probably weren’t servicing their HVAC on a regular basis.  Sellers, make your home move-in ready for the next buyer.  Do an inspection prior to putting it on the market and fix the items on the report.  Declutter and stage your home so that it looks large and welcoming.  These efforts will be well worth your time and money. 
If you’d like more tips on taking advantage of this market, don’t hesitate to give me a call.  I’m here to help you with your home buying, selling or investment needs.
Considering buying or selling a home, but wondering how the current buyer’s market affects that decision? 
We all hear the term “buyer’s market” bandied about on news programs and in the media, but what does it really mean?   Typically, a buyer’s market refers to a 7-8+ month supply of available homes.  Making the assumption that homes continue to sell at the current rate and assuming that no new homes come on the market, it would then take 7-8 months for ALL of the homes on the market to sell.   Historically, this large of an inventory has shown that the supply of homes outweighs the demand for homes. 
So, what do you need to know to take advantage of this market regardless of whether you need to buy or sell?
Most importantly, everyone must realize that even though there may be a lot of homes on the market, the percentage of well-maintained, move-in ready homes is low.  I recently toured 15 properties with a client.  Of those, only one was occupied and/or had furniture in it.  Buyers, if you want to buy one of these homes, you need to be prepared to make an offer.   Don’t wait or someone else will buy it.  Want to buy one of the vacant properties?  Be prepared to find a laundry list of maintenance items that need to addressed on the inspection report.  After all, if the homeowner couldn’t afford their mortgage, they probably weren’t servicing their HVAC on a regular basis.  Sellers, make your home move-in ready for the next buyer.  Do an inspection prior to putting it on the market and fix the items on the report.  Declutter and stage your home so that it looks large and welcoming.  These efforts will be well worth your time and money. 
If you’d like more tips on taking advantage of this market, don’t hesitate to give me a call.  I’m here to help you with your home buying, selling or investment needs.
Snowmageddon, Snowpocalypse or SnOMG…whatever you choose to call it, it looks like we are in for round two this week.
During round one, I turned the water on to discover that our pipes were frozen.  This lead to a frantic call to our plumber, my husband, and our neighbors in search of advice and space heaters. 
Experts agree that homes in the south are most susceptible to frozen pipes when the temperature drops below 20 degrees.  Pipes located in the attic, crawlspace, on exterior walls or in unprotected outside areas are at most risk. 
If you would like to avoid an experience like mine, you can take the following precautions.
·         Open cabinet doors to let heat flow in and around the pipes under your sinks
·         Leave both hot and cold faucets dripping at a slow drip
·         Locate the main water supply shut off for your home prior to the arrival of snow and ice so that you know where to go in the event you need to turn off the water quickly. 

For added protection, you can purchase insulated pipe sleeves at your local home supply store. 

In the event your pipes do freeze, leave the faucets turned on!  This helps relieve the pressure that builds up in the plumbing and may help prevent your pipes from cracking. 
Last, but not least, if you find yourself in need of a plumber, you can find the plumbers recommended by the agents at RE/MAX Urban and RE/MAX Preston Hollow here: http://www.heatherguildgroup.com/preferred-vendors
Making the Most of a Buyer’s Markethouse ranch style 
We’ve all heard that we are currently in a “Buyer’s Market”, but what does that mean and how can you leverage the current market to get the best deal on a home?
The definition of a buyer’s market is a market which has more sellers than buyers.  Low prices result from this excess of supply over demand. 
Here are a couple of quick tips for getting the best deal on a home in a buyer’s market:
1 – Get preapproved for your home loan.  Having a firm loan approval only makes your negotiating position with a seller that much stronger. 
2 – Do the math… Assuming you are approved for an $1,145.00 montly payment (PITI):
At an interest rate of 4.5% you can purchase a $150,000 home 
At an interest rate of 5% you can purchase a $141,500 home
So, as interest rates rise, your buying power is reduced.  Don’t wait to see when the market will hit “rock bottom” before you start your home search because if prices don’t drop as fast as interest rates rise, you could be losing out on the best deals!
3 – Look for homes with a motivated seller and make an offer!  Homes that have been on the market for an exceptionally long timeframe and homes that have been reduced are great candidates for negotiation. 
4 – Ask for incentives!  Do you want some of the furniture to stay, do you want the seller to replace the carpet?  Now is the time to ask for anything and everything. 
If you want more information on finding a great deal in this market, let me know. 
(Financing examples provided above assume:  20% down payment, 30 year conventional loan, $4900/year taxes and $1500/year insurance)
Making the Most of a Buyer’s Markethouse ranch style 
We’ve all heard that we are currently in a “Buyer’s Market”, but what does that mean and how can you leverage the current market to get the best deal on a home?
The definition of a buyer’s market is a market which has more sellers than buyers.  Low prices result from this excess of supply over demand. 
Here are a couple of quick tips for getting the best deal on a home in a buyer’s market:
1 – Get preapproved for your home loan.  Having a firm loan approval only makes your negotiating position with a seller that much stronger. 
2 – Do the math… Assuming you are approved for an $1,145.00 montly payment (PITI):
At an interest rate of 4.5% you can purchase a $150,000 home 
At an interest rate of 5% you can purchase a $141,500 home
So, as interest rates rise, your buying power is reduced.  Don’t wait to see when the market will hit “rock bottom” before you start your home search because if prices don’t drop as fast as interest rates rise, you could be losing out on the best deals!
3 – Look for homes with a motivated seller and make an offer!  Homes that have been on the market for an exceptionally long timeframe and homes that have been reduced are great candidates for negotiation. 
4 – Ask for incentives!  Do you want some of the furniture to stay, do you want the seller to replace the carpet?  Now is the time to ask for anything and everything. 
If you want more information on finding a great deal in this market, let me know. 
(Financing examples provided above assume:  20% down payment, 30 year conventional loan, $4900/year taxes and $1500/year insurance)