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Sold it Twice – Waco Texas Real Estate

March 28, 2018 By Cristi McGowan

5524 Lake Charles was under contract. A good offer, quick sale, happy sellers! Inspections were a breeze as the inspector found it hard to uncover anything terribly wrong with the property. What little was found was quickly addressed. A week later and the Sellers thought closing was just a matter of time. Then it happened. The bad news arrived that the buyer’s financing had hit a snag. The deal was toast!

Fortunately, Waco Home Team acted quickly, posting that the home would soon be back on the market on a private facebook group, and making the home ready for a new group of showings. Timing could not have been better. The Waco Texas real estate market is still buyer heavy and inventory light. After just 10 showings the property gained 6 offers, many over asking price.

The competition was tough. Several offers were just a few hundred dollars apart. After reviewing all the terms and potential outcomes and risks, the Sellers were under contract again, before the weekend was over.

Fortunately, the Seller’s were about to use the inspection items from the previous buyer to secure a shorter option period and a solid deal. It’s all about being resourceful, creative and quick to act.

We sincerely appreciate the opportunity to serve our clients. Waco Home Team sees every obstacle as an opportunity to create a new solution – some better than the obvious. Win-Win!

Call on Waco Home Team today at 254-855-9500

Filed Under: Buyers, Listings, Sellers Tagged With: For Sale, Sellers, Selling, Thinking of Selling, waco texas construction, waco texas real estate, waco texas realtor

Is a Major Renovation for your Waco Texas Home Worth it?

March 26, 2018 By Cristi McGowan

One of the biggest conversion-gone-wrong remodels we see in Waco Texas are garage conversions. This is typically where the attic access ladder, the water heater, the breaker box and the sprinkler system controls are all located in a typical Waco Texas home – ugly stuff in the garage.  It takes a good designer to thoughtfully cover these items and connect the space to the existing home so it all flows. What did you spend on that conversion? Could you have used that money and the equity in your home to purchase a new one that has everything you need in the original space, saving the garage for the water heater?

Let’s look at this example.

Let’s say you have a 4-bedroom colonial style home in the Midway school district. The neighborhood is amazing, and you are very comfortable there, but your kids are all grown up and the original benefits of the home no longer apply.

You’ve always wanted a huge master suite and are considering merging 3 of the smaller bedrooms on the second floor to achieve this dream.

In the short term, you are over the moon excited about your newly renovated oasis.

In the long term, when you go to sell your home down the road, you’ve now taken a 4-bedroom home in a great school district and turned it into a 2-bedroom home. Your pool of potential Waco Texas home buyers has shrunk significantly and so has the value of your home (unless you are able to find someone who has the exact needs you have today!).

Why not consider listing your 4-bedroom home now and moving into a gorgeous 2-bedroom with a master suite? Your house can become a home for the next family looking for that perfect Waco Texas neighborhood with a great school district to raise their kids in!

You may even be able to achieve your dream in the same area you love, without having to give up your favorite restaurants and grocery stores.

Bottom Line

If you are debating a major renovation that would change the layout of your home, before you pick up that sledgehammer, let’s get together and discuss the available listings in our area that might meet your needs today!

 

Original article at http://www.simplifyingthemarket.com/en/2018/03/21/is-a-major-home-renovation-worth-it-in-the-long-run/?a=206587-081eeb890163dec44f2e055c59e778db

The information contained, and the opinions expressed, in this article are not intended to be construed as investment advice. Keeping Current Matters, Inc. does not guarantee or warrant the accuracy or completeness of the information or opinions contained herein. Nothing herein should be construed as investment advice. You should always conduct your own research and due diligence and obtain professional advice before making any investment decision. Keeping Current Matters, Inc. will not be liable for any loss or damage caused by your reliance on the information or opinions contained herein.

Filed Under: Buyers, Sellers Tagged With: home remodeling, home repairs, home staging, listings, Sellers, Thinking of Selling, tips for selling a home fast, waco home team, waco texas construction, waco texas real estate, waco texas remodeling

1. Online Valuations for Waco Texas Real Estate

January 9, 2017 By Cristi McGowan

Zestimates, Eppraisals & Instant Online Valuations – OH MY!

Recently, a Zillow representative visiting the RE/MAX Waco office said that if it were possible, Zillow would most likely rate the accuracy of its Texas property valuations lower than one star–not something potential home-sellers want to hear.

If you’re thinking of selling your home here in Waco, Texas, you need an accurate valuation of it. In order to sell your home in a timely manner without short-changing yourself, it’s important to know what your property is worth in today’s real estate market.

So, let’s examine the tools available to help you determine just how much your house is worth. [Read more…]

Filed Under: Sellers Tagged With: online valuations, Sellers, Selling, Thinking of Selling, waco texas real estate, whats my home worth, zestimates

2. What’s my Waco, Texas Home Worth?

January 8, 2017 By Cristi McGowan

I Need A Market Analysis, or CMA or something

A real estate market analysis is a realtor’s objective opinion of what your home would likely sell for. Which factors would influence your home’s market value? Typically, an analysis will include all homes sold within one mile of the property in question. Factors such as location, density, size, and turnover in your neighborhood will help determine value.

The most common type of market analysis is a comparative analysis. A real estate agent will conduct a study of homes that have sold within the past 3 to 6 months and look for factors that would help determine the comparative market value of your home.

[Read more…]

Filed Under: Sellers, Uncategorized Tagged With: cma, market analysis, real estate appraisal, Sellers, Selling, Thinking of Selling, waco texas appraisers, waco texas real estate

3. Selling When Your Next Waco Texas Home is Not For Sale

January 7, 2017 By Cristi McGowan

My Next Home

Selling when you can’t find a new home you want to buy

There is a fear that currently paralyzes home owners’ ability to list their homes for sale, despite their strong desire to make a move. In the current market the sellers hold the upper hand due to low levels of inventory. The Texas Real Estate Center at Texas A&M University currently shows a 31.3% reduction in inventory levels compared to last year. With so few homes on the market, buyers are forced to compete with each other.

But What If…

We thought for certain that sellers would be jumping on the opportunity to sell their homes and reap the financial reward of competing offers. Surprisingly the opposite occurred: sellers were nervous about finding their next home and delayed selling. What if they listed their home and it sold too fast before they could find another one?

[Read more…]

Filed Under: Sellers Tagged With: negotiation strategies, real estate negotiation, Sellers, Selling, Thinking of Selling, waco texas real estate

4. Finding Your Next Home – Hidden Gems

January 6, 2017 By Cristi McGowan

Hidden Gems

When none of the homes for sale meet your needs, wants or dreams

Waco Home Team is ready to help you move in the right direction. What if you are looking for something specific, something that may not be on the market‽ This seems unlikely, but with historically low housing inventory it is becoming more and more common. Fortunately, Waco Home Team’s Feet-on-the-Street campaign will dig up that hidden gem!

Realtors getting their hands dirty!?! What? Waco Home Team has a plan.

You Can’t Always Get What You Want…

The first step is to understand exactly what you are looking for in your next home. This includes a comprehensive consultation and interview. During the interview we will uncover your Wants and Needs. Further, you may come to understand where you and your buying partner may differ and where you may need to compromise with each other. Home search parameters are set in order of importance. The most common are:

[Read more…]

Filed Under: Sellers Tagged With: for sale by owner, home selling process, Sellers, Selling, Thinking of Selling, waco texas real estate

5. Remodel or Repair – Avoiding Large Projects

January 5, 2017 By Cristi McGowan

Should I Remodel Before I List My Home For Sale

Often while we are searching for a hidden gem, we find home owners that want to sell their home, but it needs major repairs. They already know that an updated home sells faster and for more than one that requires work. Waco Home Team is your expert on which projects to pour money into and which ones to pass on to the next owner.

Buy Low?

[Read more…]

Filed Under: Sellers Tagged With: home remodeling, remodeling, Sellers, Selling, Thinking of Selling, top remodeling projects, waco texas construction, waco texas real estate, waco texas remodeling

6. Remodel or Repair – What Buyer’s Want Most

January 4, 2017 By Cristi McGowan

Into the Minds of Today’s Home Buyer

There are numerous resources on what buyers want when building a new home – open kitchens, energy efficiency, and outdoor living spaces just to name a few. What is not available is the psychological and emotional process a buyer goes through when viewing a potential new home and what assumptions buyers make based on first impressions.

The Mind of a Buyer:

[Read more…]

Filed Under: Sellers Tagged With: home repairs, home staging, Sellers, Selling, Thinking of Selling, tips for selling a home fast, top remodeling projects, waco texas real estate, waco texas remodeling

7. Make Your Waco Texas Home say “BUY ME!”

January 3, 2017 By Cristi McGowan

A Move-In Ready Home Sells For More

Cleaning and Staging Tips

CLEAN & STAGE – Make it sell itself

Time to make your home sell itself. A clean and well-staged home sells faster than one that isn’t. Don’t let your home sit on the market when it’s easy to make it sparkle. Just a little elbow grease can make a huge difference.

Don’t take this lightly, [Read more…]

Filed Under: Sellers Tagged With: home remodeling, home repairs, home selling process, home staging, Sellers, Selling, Thinking of Selling, tips for selling a home fast, waco texas remodeling

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