The Pros and Cons of Building a New Home

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There are a lot of benefits to building a new home in Mansfield, especially right now when we have low inventory. 

Instead of waiting around to find the perfect home, you could build your own custom dream home! However, it does take 4-8 months to build a home, so if you're in a hurry, it may not be your ideal option. 

When you buy a pre-owned home, it is a lot more cost-effective because you get a lot more home in terms of cost per sq. ft. New homes are often more expensive, but you have total control over the price when you're picking materials and amenities.

However, sometimes with resale properties, the previous owners have already customized the home and barred the expense, so you have to pay nothing for those upgrades!

If you're thinking of building a new home, I would advise you to use a Realtor when you're working with a builder, and I would be glad to represent you.

As always, if you have any questions or concerns, please don't hesitate to contact me in regards to Mansfield real estate.

Have You Been Thinking of Buying a Better Home?

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There comes a point in time when people need to move into bigger, better homes. Whether it's because of a growing family or simply a wish to invest in a better property, people do this all of the time. 

Usually move up buyers have to find a home to move into before they can sell, and vice versa, so sometimes the transactions can get dicey. However, I have a lot of experience helping move up buyers, and there are a few things that can be done to have a seamless transaction.

My advice to you right now is to focus on the purchase because inventory is low right now, so selling your home will be the easy part.

In a normal market, you could use contingencies to sell your home, but right now, because of the low inventory, this may not work.

Another option is to build a new home, so then you can have a slow move in and have plenty of time to sell your home.

If you're interested in moving up, please contact me and ask about my move up discount. I'd love to help you out!

How we helped Lindsay sell her home by working with her schedule

"Our house sold within minutes. He listed it at a fair price, and we made a nice hunk of money off of it. My husband and I don’t have very flexible schedules, so he would meet us way after hours. Also, instead of making us go to his office, he would come to our house."

What Are the Hottest Neighborhoods in Mansfield?

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Today I wanted to discuss some of the more popular neighborhoods in Mansfield. Now is a great time to buy, so these are some of the neighborhoods that you might want to investigate:

• The Trails
• Walnut Creek Country Club
• Dover Heights

 

A majority of the new building is occurring in the Lake Ridge High School District, but there are some other wonderful new communities forming in Garden Heights, Bower Ranch, Las Brisas, and the D.R. Horton neighborhood. I think a majority of the growth in Mansfield will be happening in the southeast corner for the near future.

In the future, I expect growth will happen more out to the west of town. The city is really beginning to manage development out in those areas. 

Overall, Mansfield is becoming a hot spot to live, so if you plan on buying in the near future, please don't hesitate to contact me and I can help you to find a great place to settle into.

I look forward to speaking with you!

Do You Know How to Handle Multiple Offer Situations?

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The market here in Mansfield is extremely active and we're seeing a lot of multiple offers happening. This is why I thought I would shed some light on this topic, as a lot of my clients have been asking about it. There are different strategies that buyers and sellers can take when faced with this problem, and I'm here to tell you about them.

The important thing to know as a buyer is that your competition will be fierce, but this doesn't mean that you don't stand a chance. Sometimes a personalized offer can help push you to the top of the list. Sellers are always more comfortable choosing a buyer that they can relate to, and one that they know will be taking good care of their home. Writing a note to them explaining why you want the property can help a lot, but I've also filmed videos with families, and that can be helpful too. 

If you're a seller in a multiple offer situation, it's important to have patience as we expose your property to a large audience of buyers. When you do get multiple offers, you want to ensure that the offers are from pre-qualified buyers, because they're serious about purchasing a home. Cash offers are also good, but you just want to see proof of funds. However, sometimes cash is not the most important, sometimes the best offer is the one that has the highest likelihood of closing. Every seller has a different motivation, so sometimes it's also just a matter of what works for you. 

As always, if you need assistance buying or selling real estate in Mansfield, please don't hesitate to contact me. I'm always here to help.

How Can You Take Advantage of Mansfield Real Estate?

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People always ask me how the local real estate market is performing, and the answer always depends on whether you're buying, selling, or investing.

If you're a seller, you'll find that now is a great time to put your home on the market. Buyer demand is high and inventory is low, so you stand to make a good profit if you get your home on the market now. Just remember, it needs to be priced correctly and in good condition. 

If you're looking to buy a home, now is also a good time to do so. Interest rates are at historic lows (below 4%) and there are a lot of excellent loan products available. It's more affordable to buy a home right now than it has been in a very long time. It's a lot cheaper to pay a mortgage right now than it is to pay monthly rent, so if you've thought about purchasing a home, then now may be the time to pull the trigger. This is also true because interest rates are currently on the rise, so your affordability may drop if you wait to buy.

Investors will have a little tougher time flipping homes, but rental rates are increasing so you may find comfort in that fact. I would recommend investing in rental homes over properties that you're just going to flip. 

Overall, inventory is extremely low in our area. If your home is worth more than $200K, there is only about 1 month supply of inventory. If your home is worth less than $200K then you will find that there is only 1-2 weeks worth of inventory. This means that you have a really great opportunity to capitalize on a move-up home sale. 

If you'd like any assistance buying, selling, or investing in a new home, then please don't hesitate to reach out to me. I would be very happy to assist you!