Real Estate Crush Of The Week “TINY HOME” | Luis Cuevas Realtor® | RE/MAX Cross Country

This week My REAL ESTATE CRUSH OF THE WEEK is a Tiny Home on the outskirts of Ft. Worth!  This little home is situated on some land where it sits quietly away from the rest of the neighbors.

I have to say that I am surprised by the actual size of this tiny home.  Most of the tiny homes I see are more cramped and not as open.  This tiny home even had a center kitchen island, you know you have space when you have an island.

The home is brand new, has a loft area and even a dedicated bedroom.  Most of the tiny homes I see have more of an open concept including the bedroom but this one has a private bedroom.  The home is just under 400 square feet, new stainless steel appliances and nice laminate floors.

Again I don’t get to see these homes too often so when I do I like to check them out and share them with you!  I hope you enjoyed it!

Have questions about this or other topics, don not hesitate to contact me.

Don’t forget to “LIKE” this video and be sure to Subscribe to my YouTube Channel as well.

Luis Cuevas, Realtor®

RE/MAX Cross Country

1990 Justin Road

Highland Village, Texas 75077

(214) 783-0535

Luis@MakeNorthTexasHome.com

Check out my website for more helpful tips:

http://MakeNorthTexasHome.com

Subscribe to my YouTube Channel:

http://Youtube.com/MakeNorthTexasHome

Follow me on Facebook:

http://Facebook.com/MakeNorthTexasHome

When Is The Best Time To Buy a House? | Luis Cuevas Realtor® | RE/MAX Cross Country

This is a question I get all the time and one I hear different answers to.  When is the best time to buy a house?  If you listen to the real estate commercials you would here that now is the best time to buy.  Others would say the summer, or the winter for one reason or another.

The reality is the best time to buy a house is when you are ready.  It doesn’t matter if it is summer, spring or fall you have to be ready and in a position to make that move.

Have your down payment and closing costs money saved up.  Will you be putting 20% down, then have that ready.  What about moving cost?  A safety net fund for repairs, because now you will become the landlord & maintenance person.

Being prepared to buy also includes being confident in your financial situation.  Do you have a stable job?  Good salary in the long term and what about your future long after you buy, how does that look?

Everyone’s situation is different and there is no one right answer however the common denominator in my opinion is the buyer being ready and prepared.  If you are not ready or prepared then what does it matter if the inventory is great, prices are reasonable or interest rates are low?  You have to be ready and when you are then that will be the best time for you to buy.

I really enjoy educating my clients and that is one of my goals of these videos and my YouTube channel in general.  With the heart of a teach my goal is to educate because it makes a stronger, wiser consumer who can make better real estate decisions!

Have questions about this or other topics, don not hesitate to contact me.

Don’t forget to “LIKE” this video and be sure to Subscribe to my YouTube Channel as well.

Luis Cuevas, Realtor®

RE/MAX Cross Country

1990 Justin Road

Highland Village, Texas 75077

(214) 783-0535

Luis@MakeNorthTexasHome.com

Check out my website for more helpful tips:

http://MakeNorthTexasHome.com

Subscribe to my YouTube Channel:

http://Youtube.com/MakeNorthTexasHome

Follow me on Facebook:

http://Facebook.com/MakeNorthTexasHome

Don’t Call The Sign | Luis Cuevas Realtor® | RE/MAX Cross Country

A big mistake prospective buyers make is calling the real estate sign at a home to ask questions, get more information or to request a showing.  That is a BIG mistake!!!

Don’t Call The Sign!  Why?  Well keep in mind who the listing agent on the sign your calling represents… the seller.  The agent represents the seller, not the buyer.  The listing agent you are calling is looking to get the best price, terms, conditions, etc… for his/her client the seller, not the buyer.  

So you are not being looked at after, they are actually trying to get information out of you that they can later use against you.  So why call them at all?  The answer is simple, don’t call the sign, instead get your own representation by having your own agent by your side.  It’s that simple.

Having your own agent who represents you, looking to get you the best price, terms, conditions and will even show you the home in private at a time that best suits your schedule.

This applies to an open house situation as well, you should not go as the same issue is at hand.  Instead have your agent set up an appointment for you to view the property on your terms and schedule in private.

So at the end of the day have someone looking out after you by having your own agent by your side.  This agent will look out after you and no one else, they will owe you fiduciary duties which is a good thing for you.

Have questions about this or other topics, don not hesitate to contact me.

Don’t forget to “LIKE” this video and be sure to Subscribe to my YouTube Channel as well.

Luis Cuevas, Realtor®

RE/MAX Cross Country

1990 Justin Road

Highland Village, Texas 75077

(214) 783-0535

Luis@MakeNorthTexasHome.com

Check out my website for more helpful tips:

http://MakeNorthTexasHome.com

Subscribe to my YouTube Channel:

http://Youtube.com/MakeNorthTexasHome

Follow me on Facebook:

http://Facebook.com/MakeNorthTexasHome

Look At This!!! - May 18th, 2018 | Luis Cuevas Realtor® RE/MAX Cross Country

Look At This!!! is a segment I like to do where I share with you what I have come across in the past week or so.  It may be a cute puppy, amazing water feature, stunning kitchen, or a strange home repair that I find interesting.  In the end I hope it entertains you, maybe you learn a thing or two or just have a laugh.

This week I came across cats hanging out on the roof, another cat crawled on my truck, a pier and beam new home under construction & some good engineering with a car tail light bulb.

Don’t forget to give this video a “LIKE” and be sure to “SUBSCRIBE” to my channel!

Luis Cuevas, Realtor®

RE/MAX Cross Country

1990 Justin Road

Highland Village, Texas 75077

(214) 783-0535

Luis@MakeNorthTexasHome.com

Check out my website for more helpful tips:

http://MakeNorthTexasHome.com

Subscribe to my YouTube Channel:

http://Youtube.com/MakeNorthTexasHome

Follow me on Facebook:

http://Facebook.com/MakeNorthTexasHome

How To Calculate Texas Property Taxes | Luis Cuevas Realtor® | RE/MAX Cross Country

Property taxes in Texas can be confusing with so many terms being thrown in the mix.  Today I take it step by step and break it down in a simple to understand format.

Property taxes are actually pretty simple and they consist of two main factors: 1) Assessed Property Value & 2) Tax rates.  Property values are set by the appraisal district on each property.  Tax rates are set by each entity which governs your home, for example the city, county and school district.

The math is simple we first add up the tax rates for the taxing entities and get a total.  We grab that total and multiply it by the assessed value on the given property.  The result gives you the total taxes on the property.  Pretty simple, right?

I will be creating another video where I cover some of those confusing terms I mentioned early.  Also things you can do to get a discount on your property taxes.

Have questions about this or other topics, don not hesitate to contact me.

Don’t forget to “LIKE” this video and be sure to Subscribe to my YouTube Channel as well.

Luis Cuevas, Realtor®

RE/MAX Cross Country

1990 Justin Road

Highland Village, Texas 75077

(214) 783-0535

Luis@MakeNorthTexasHome.com

Check out my website for more helpful tips:

http://MakeNorthTexasHome.com

Subscribe to my YouTube Channel:

http://Youtube.com/MakeNorthTexasHome

Follow me on Facebook:

http://Facebook.com/MakeNorthTexasHome

Real Estate Crush Of The Week - 409 Canberra | Luis Cuevas Realtor® | RE/MAX Cross Country

We are out in Highland Village for my “Crush Of The Week.”  My crush is a four bedroom, three bath, two car garage home on just over three thousand square feet.  What really stands out about this home is the great floor plan and the decorating just puts it over the top!  While this is technically a two story home, only the game room is upstairs, so most of the square footage is downstairs which is a big plus!

Hopefully after the tour you will agree it is a gorgeous home and why I chose it as my “Real Estate Crush Of The Week.”

Have questions about this or other topics, do not hesitate to contact me.

Don’t forget to “LIKE” this video and be sure to Subscribe to my YouTube Channel as well.

Luis Cuevas, Realtor®

RE/MAX Cross Country

1990 Justin Road

Highland Village, Texas 75077

(214) 783-0535

Luis@MakeNorthTexasHome.com

Check out my website for more helpful tips:

http://MakeNorthTexasHome.com

Subscribe to my YouTube Channel:

http://Youtube.com/MakeNorthTexasHome

Follow me on Facebook:

http://Facebook.com/MakeNorthTexasHome

Attic Energy Efficient Features

Most people are not fans of going in the attic when home shopping but there are many important things going on up there.  Let me show you some of the energy efficient features in this newer home which are more common as compared to an older home even from 10 years ago.

Common attic with no radiant barrier

Common attic with no radiant barrier

Keep in mind all these features I go over work as a system not one single feature can do it all by itself.  Most folks think about attic insulation as being the main factor for having a cool home in the summer but instead there are several.  How about a radiant barrier to reflect the radiant heat in the first place.  Or making sure your vents are not covered up with insulation.  Don’t forget the a/c needs to be performing at its best as well as not having any leaks.

Ripped duct in the attic

Ripped duct in the attic

All these items work together to make your attic much more efficient in keeping cool and as a result helping your electric bill stay low.

Old & insufficient insulation

Old & insufficient insulation

I hope your picked up a thing or two, I am a big fan of educating my clients so they can feel confident when they make their real estate decisions.  If I can be of service please do not hesitate to contact me.

Don’t forget to give this video a “LIKE” and be sure to “SUBSCRIBE” to my channel!

Luis Cuevas, Realtor®

RE/MAX Cross Country

1990 Justin Road

Highland Village, Texas 75077

(214) 783-0535

Luis@MakeNorthTexasHome.com

Check out my website for more helpful tips:

http://MakeNorthTexasHome.com

Subscribe to my YouTube Channel:

http://Youtube.com/MakeNorthTexasHome

Follow me on Facebook:

http://Facebook.com/MakeNorthTexasHome

Look At This!!! - May 11, 2018 | Luis Cuevas Realtor® RE/MAX Cross Country

Look At This!!! is a segment I like to do where I share with you what I have come across in the past week or so.  It may be a cute puppy, amazing water feature, stunning kitchen, or a strange home repair that I find interesting.  In the end I hope it entertains you, maybe you learn a thing or two or just have a laugh.

This week I came across a new listing with lots of buyers waiting to get in, cats on the roof, a retro stove and some ugly antennas.

Don’t forget to give this video a “LIKE” and be sure to “SUBSCRIBE” to my channel!

Luis Cuevas, Realtor®

RE/MAX Cross Country

1990 Justin Road

Highland Village, Texas 75077

(214) 783-0535

Luis@MakeNorthTexasHome.com

Check out my website for more helpful tips:

http://MakeNorthTexasHome.com

Subscribe to my YouTube Channel:

http://Youtube.com/MakeNorthTexasHome

Follow me on Facebook:

http://Facebook.com/MakeNorthTexasHome

Worst Tree Ever? | Luis Cuevas Realtor® | RE/MAX Cross Country

So if you live in the Dallas Fort Worth Metroplex you might see these beautiful white blooms in March.  They are usually one of the first blooming trees we see and serve as a nice reminder that Spring is here.  Unfortunately this tree, the bradford pear, is probably one of the worst trees ever… or at least for our area.

Branch split after high wind storm seems to be common

Branch split after high wind storm seems to be common

The beautiful blooms might entice you to get one but when you step up close to one you quickly figure out why this tree is so disliked by many… the blooms smell awful.  Don’t believe me, Google it and see how many funny memes you get regarding this awful smelling tree.  Who has time to make a meme about a tree… what did the tree do to them to get so much bad publicity?  Well the bad news doesn’t stop at the foul smell but it lingers in that they tend t lose limbs easily.  When those spring storms come through town it isn’t uncommon to see these trees have the most damage and that is another reason I don’t like these trees.

Tree with multiple splits

Tree with multiple splits

So what are some better alternatives?  Live oaks, burr oaks, cedar elms, and pecans… trees that a be more slow growing but strong.  They are also more adapted to the North Texas climate in the long term, however just know they are very slow growers.

Live Oaks are a good alternative & much hardier for the area

Live Oaks are a good alternative & much hardier for the area

I thought maybe I was the only one with negative thoughts about these trees but a quick Google search confirmed I wasn’t alone.  Even the local papers are not fans, I read articles in the Dallas Morning News, Fort Worth Star Telegram, The Guide, and even Neil Sperry isn’t a fan.

In all fairness these trees were not designed for our area and I am sure they do well somewhere else.  For the North Texas area I would look for more native trees for your yard.

Don’t forget to give this video a “LIKE” and be sure to “SUBSCRIBE” to my channel!

Luis Cuevas, Realtor®

RE/MAX Cross Country

1990 Justin Road

Highland Village, Texas 75077

(214) 783-0535

Luis@MakeNorthTexasHome.com

Check out my website for more helpful tips:

http://MakeNorthTexasHome.com

Subscribe to my YouTube Channel:

http://Youtube.com/MakeNorthTexasHome

Follow me on Facebook:

http://Facebook.com/MakeNorthTexasHome

Crush Of The Week - 323 Parkwood - Luis Cuevas, Realtor® - RE/MAX Cross Country

This week I take you out to a very small town north of Lake Lewisville called Lakewood Village for my “Crush Of The Week.”  My crush is a three bedroom two and a half bath two car garage home on just over two thousand square feet.  What really stands out about this home is the attention to detail, awesome upgrades, tremendous amounts of storage, and of course the outdoor living space.  The oversized front porch, the master balcony and the back covered patio are perfect for enjoying the outdoors!!!  All that while just being a block from the lake!

Hopefully after you take a look at it you will agree that it is a gorgeous home and that is why I chose it as my “Crush Of The Week.”

Have questions about this or other topics, don not hesitate to contact me.

Don’t forget to “LIKE” this video and be sure to Subscribe to my YouTube Channel as well.

Luis Cuevas, Realtor®

RE/MAX Cross Country

1990 Justin Road

Highland Village, Texas 75077

(214) 783-0535

Luis@MakeNorthTexasHome.com

Check out my website for more helpful tips:

http://MakeNorthTexasHome.com

Subscribe to my YouTube Channel:

http://Youtube.com/MakeNorthTexasHome

Follow me on Facebook:

http://Facebook.com/MakeNorthTexasHome

Meet David Hernandez, LISD Board Place 2 Candidate

I had a chance to catch up with David Hernandez on his LISD School Board Place 2 race and ask him a few questions.  I had not met him before, I didn't even know his position, I more so just wanted to interview him and have a chance to know more about him.

What makes his unique and what caught my attention was his age and the fact he is still in school!  I have seen it before in the past where a young candidate attempts to run some sort of public held office race.  When I really learned more about him was through my local board of Realtors®, Greater Lewisville Association Of Realtors®, had a chance to interview him.  It went so well that G.L.A.R. went on to endorse his campaign which was a bit of a surprise.

In the end, regardless of his thoughts and opinions he earned my respect and I had to sit down with him to learn more about him and his race.

I hope you learn a thing or two about him but also to bring some awareness to some of the issues we discussed.

Thank you for checking out the blog, website and be sure to make it over to the YouTbue channel as well.  Don’t forget to give this video a “LIKE” and be sure to “SUBSCRIBE” to my channel!

Luis Cuevas, Realtor®

RE/MAX Cross Country

1990 Justin Road

Highland Village, Texas 75077

(214) 783-0535

Luis@MakeNorthTexasHome.com

Check out my website for more helpful tips:

http://MakeNorthTexasHome.com

Subscribe to my YouTube Channel:

http://Youtube.com/MakeNorthTexasHome

Follow me on Facebook:

http://Facebook.com/MakeNorthTexasHome

 

Don't Agree With Your Appraisal District Notice?

It is that time of year again when you receive the dreaded notice from the local appraisal district notifying you of their proposed valuation on your home.  This of course is the first step in determining how much in taxes you will be paying at the end of the year.

Well there is no need to fear this notice or be intimidated by it as well as I am here to help you.  If you feel their proposed values are too high or you are not certain be sure to reach out to me and have me double check them for you.  

I can provide you with comparable sales to help determine where your the market stands for your property.  With that information in hand you can confirm the appraisal district is within range or you can have some powerful information to contest your valuation.

I offer this help to you for free!  Free!!! My favorite word.

Feel free to reach out to me if I can be of service or if you have any questions.  Don’t forget you have 30 days to protest the valuation, so time is limited.

Don’t forget to give this video a “LIKE” and be sure to “SUBSCRIBE” to my channel!

Luis Cuevas, Realtor®

RE/MAX Cross Country

1990 Justin Road

Highland Village, Texas 75077

(214) 783-0535

Luis@MakeNorthTexasHome.com

Check out my website for more helpful tips:

http://MakeNorthTexasHome.com

Subscribe to my YouTube Channel:

http://Youtube.com/MakeNorthTexasHome

Follow me on Facebook:

http://Facebook.com/MakeNorthTexasHome

Do You Know About The "Lewisville Property Enhancement Program"

Lewisville Property Enhancement Program - Luis Cuevas, Realtor | RE/MAX Cross Country

So if you haven’t heard about this program by the City of Lewisville, the Property Enhancement Program is set to help many homeowners with the cost of many common exterior repairs and projects.  The Property Enhancement Program, otherwise known as PEP, is a financial grant-rebate program for Lewisville residents to assist with exterior home repairs.

Eligible applicants and projects may be approved for a 50% matching grant-rebate, up to a maximum $5,000.  How cool is that!!!  

Some of the eligible projects include concrete, driveway repair, siding, fascia, fencing, foundation repair, gutters, exterior painting and many more projects.

PEP Driveway.jpg

For more information and the whole list of eligible repairs be sure to check out the website:

https://CityOfLewisville.com/PEP

I had a chance to interview Drew Chrst from the City of Lewisville who helps oversee the program to get more information and answer to some general questions I had.

PEP Wall+Fence Yellowstone.jpg

Again I hope this was of value and maybe you picked up a tip or two.  My goal is always to be a resource and educate my clients so they can make informed & educated decisions.

Have questions about this or other topics, do not hesitate to contact me.

Don’t forget to give this video a “LIKE” and be sure to “SUBSCRIBE” to my channel!

Luis Cuevas, Realtor®

RE/MAX Cross Country

1990 Justin Road

Highland Village, Texas 75077

(214) 783-0535

Luis@MakeNorthTexasHome.com

Check out my website for more helpful tips:

http://MakeNorthTexasHome.com

Subscribe to my YouTube Channel:

http://Youtube.com/MakeNorthTexasHome

Follow me on Facebook:

http://Facebook.com/MakeNorthTexasHome

Lease With The Option To Buy? | Luis Cuevas Realtor® | RE/MAX Cross Country

Lease With The Option To Buy?

Home Partners Of America Review

One of the most frequently asked questions I get from prospective buyers is if I have any lease to own or rent to own options.  The question comes up so often as I find people are generally tired of leasing however have the idea of purchasing a home in their minds.  They may not be in a position to purchase now whether the reason is due to bad credit or lack of down payment, regardless the goal of owning a home is there.  People really see how renting is a waste of money, know buying is a good idea, but they are not quite there just yet.  This is where Home Partners of America comes in to play to fill this niche.

Now let me be the first to tell you I highly do not recommend a person get in to a lease to own property, for many reasons.  Check out this blog post here, on my reasons, and let me just say I do agree with it in very few cases… just not the majority of the time.

What makes the Home Partners of American program so interesting is they are a legitimate company doing it the right way & even better than I could have expected.  That is where I am on board and have worked with them to help some of my clients.  The vast majority of the lease to own programs I do not recommend for that reason, the programs are not in the buyers best interest and are very much seller friendly.

So what does Home Partners of America offer?

HOW IT WORKS

Home Partners of America will offer to purchase a home on the market for sale in their selected areas and meets their criteria & lease it to you with the option to buy.  You agree to lease it, they buy it, you move in and you have options to purchase it in a one year, two or three.  If you decide you don’t want to buy it, then you move on like nothing ever happened. 

Qualify

The first step to participate in the program is to get qualified with them, which is handled via their website.  They have a dedicated team to take care of this for you and work fast, sometimes as fast as a few hours.  Now realize they are qualifying you not to buy the house but to lease it, so if your credit isn’t perfect that is fine, remember this is their exact niche audience they are targeting. 

For many people there are 2 reasons why they may not qualify to buy a home on their own… bad credit and no money for the down payment or closing costs.  Home Partners of America realizes this so they are aware of that when you go to apply, so don’t let that hold you back.  This is really designed for those who are working on both credit and down payment but just aren’t there.

Approval & Home Search

Once you are approved a couple of things happen, you are given an approval amount they are willing to lease to you per month.  So for example maybe they give you an approval of $2,000 a month, you will use this to search on their site for homes.  They have a site they send you to view approved homes in their criteria… and this isn’t just a few homes but many of the homes on the MLS for sale.  It is actual live listings for sale they have access to through the MLS.  What will be different than other websites are the homes will be shown in their rental amounts Home Partners of America will offer that home to you.

An example would be if you see a home at 123 ABC Street, listed on the MLS for $230,000, however in their site it would appear as a rental amount they are willing to lease it to you for.  So it would show up as the rental rate for the home… example $1,850 per month.  So Home Partners of America will buy it and turn around then lease it to you for $1,850 per month… how simple is that?

 Option To Buy

So where does the option to buy come in to play?  At the same time you are searching Home Partners of America will also give you an estimate of a sales price option to purchase the home in one, two and three years.

Let me explain.  Right up front Home Partners of America is showing you their estimated sales price in one, two, or three years from the time you lease with them.  Those numbers you see are only estimates, by the time they actually purchase the home and get it ready to lease to you those figures are finalized.  Why just an estimate?  Simply put when you are searching they are estimating based on the list price, however we know the list price may not be what they actually purchase it for, it may be less or more.  Plus you have to consider if they spend money on getting the home ready for you such as painting, carpet or other expenses, those are considered in to the option price.

So right from the start you know what to expect for a lease payment as well as a sales price if you decide to purchase the home, how awesome is that!

3 Year Options

Home Partners of America will give you the option to purchase in three year increments right up front.  You will know what the sales price is after year one, two and three.  For each year it goes up by a certain percentage, so keep in mind it doesn’t stay the same.  They are accounting for a slight appreciation, don’t forget they are a business and looking for a return.  

My thoughts on the program is that it is fair because they are seeking a nominal return in my opinion.  Right now I am seeing properties in my area appreciate much faster, if not twice as fast than the percentage they are adding.  So in turn you could actually benefit more from the actual market appreciation compared to the appreciation they are offering to you , but it doesn’t matter to them.

What If I Want To Move?

If you decide to move after the lease then you move, it is that simple!  That is the true beauty of this program, you are not tied in to this property, which allows for flexibility on your part.  Also your budget and needs may change by the time you are ready to buy a home.  The flexibility of this program is the beauty which works in your favor.

Why I Recommend It

The program is legit, plain and simple while most programs are not.  This is the only program I recommend or will be involved when it comes to lease to own options.  All other programs I do not agree with because it leans more in favor of the seller rather than the buyer.

The program doesn’t require you put down a large down payment for a lease, in all fairness it is only a lease up front.  The option you have is to purchase is just that, an option, not something you are tied to.  

What Are The Cons?

Rents in my opinion are a bit above market rent when compared to similar homes.  I would imagine this is a form of getting a better return on their risk and investment.

Option to buy price is not set in stone up front, there are factors that cause this to go up or even down such as the final sales price and make ready expenses.  The good news is you will have a good idea of the range up front so really it is not way off.  Clearly if you want new paint, flooring and other repairs then it would only be fair that it add to the sales price in the option, so it is not any kind of mysterious premium they are adding it is fair.

The pros in my opinion outweigh the cons by far, the reality is the risk they are taking is rather high.  I would have expected a higher cost or some sort of gotcha moment somewhere when working with them but I never came across it.  They are fair, transparent, tell you their plan up front and you decide if it works for you or not.

I find if you are working towards getting your credit up to par or even saving for a down payment and are not there yet, this program would be worth considering.  Others may be frustrated with the slum lords they keep coming across in the rental inventory and want a better home to lease, this works for them.  Assess your situation on where you stand and what your goals are and see if this fits for you.

If you have questions about the program that I didn’t cover or maybe would like more information please do not hesitate to contact me.  I would be glad to answer your questions and share my experience with Home Partners of America with you.

 Again I hope this was of value and maybe you picked up a tip or two.  My goal is always to be a resource and educate my clients so they can make informed & educated decisions.

Have questions about this or other topics, don not hesitate to contact me.

Luis Cuevas, Realtor®

RE/MAX Cross Country

1990 Justin Road

Highland Village, Texas 75077

(214) 783-0535

Luis@MakeNorthTexasHome.com

Check out my website for more helpful tips:

http://MakeNorthTexasHome.com

Subscribe to my YouTube Channel:

http://Youtube.com/MakeNorthTexasHome

Follow me on Facebook:

http://Facebook.com/MakeNorthTexasHome

Why Use A Realtor® | Luis Cuevas Realtor® | RE/MAX Cross Country

Why Use A Realtor®?

Let’s not assume that everyone knows what a Realtor® is or what exactly it is they do for a client like a buyer or seller.  A Realtor® is a professional real estate agent who is a member of the National Association of Realtors®, who abide by a strict code of ethics.  So what does this mean to you the client?

  1. Fiduciary - They owe you a fiduciary responsibility, essentially putting your best interest first above all else.  They will look out for your best interest,  give you loyalty, obedience, full disclosure, confidentiality, and above all else put you in their highest priority.
  2. Changing Regulations - The real estate industry is heavily regulated in many aspects and as a Realtor® I stay on top of the changes on an ongoing basis.  The reality is most will own a house on average 7-10 years and between that time many regulations will change.  Contracts, mortgage, credit, & laws will change and a Realtor® will keep up with them and offer that benefit to you.
  3. Home Search - The reality is searching for a home is a bit more complicated than downloading an app.  Use a Realtors® knowledge of the area, neighborhoods, home types, builders, and their experience pointing out property condition issues.  From looking at the roof, soil line, cracks in the walls, dated electrical panels, foundation issues & even old dated sewer lines, use a Realtor® who goes beyond the pictures you find online of a home.
  4. Negotiations - Knowing the ins and outs of contracts is critical when negotiating with the other party.  Having a Realtor® by your side ensures you are made aware of your options and well informed when you go to negotiate.  Most think it all revolves around the sales price but in reality there is so many more details that need to be negotiated.
  5. Code of Ethics - As a Realtor® I abide by a strict code of ethics to differentiate myself from the average real estate agent.  All this to pledge my duty to my clients as their fiduciary and putting clients first!

The reality is there are many more reasons to work with a Realtor® and almost 90% of the real estate transactions involve a Realtor®.  Most parties have a Realtor® by there side, it would only make sense that you do the same. 

Have questions about this or other topics, don’t hesitate to contact me.

Luis Cuevas, Realtor®

RE/MAX Cross Country

1990 Justin Road

Highland Village, Texas 75077

(214) 783-0535

Luis@MakeNorthTexasHome.com

Check out my website for more helpful tips:

http://MakeNorthTexasHome.com

Subscribe to my YouTube Channel:

http://Youtube.com/MakeNorthTexasHome

Follow me on Facebook:

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Marketing Your Home - Luis Cuevas Realtor®

This is where a real estate agent really shines and stands out among the rest.  Marketing is what it is all about when it comes to getting your home sold.  The goal is to give you property the most exposure, great first impression, and really draw a potential buyer’s attention.  So how is this accomplished?  The reality is the majority of agents simply place a sign in the yard and list the property in the MLS… then see what happens.  

Let me cover just some of what I offer my clients when marketing their homes:

      • Professional photographs - This is a buyer’s first impressions, you only get one chance so it has to be right.  Professional photos, pictures taken with a phone.  Remember the vast majority of buyers first view the home online before deciding if they want to visit the property.
      • Broker Open House & Tour - This is similar to an Open House but instead brokers and agents attend to see the home, gives feedback but most importantly to be familiar so they can sell it.
      • Open House - This allows for an additional audience to get exposure to the home that they otherwise wouldn’t have had.  See my blog post about an OPEN HOUSE for more information.
      • Social Media - Let’s face it, a large audience is on social media and these outlets are used to get your home listing exposure.  Not all social media is the same, each site requires a proper approach, but this median can not be ignored.
      • Neighborhood - A campaign to inform the neighbors is key, let’s face it many neighbors have friends who want to live in their neighborhood.  This is a good way to get neighbors to turn in to advocates for your home.
      • Video Walk Through - Pictures don’t say everything and video fills that gap with a full video walk through.  This helps show the layout and see more than any picture could show.  Think about that out of town buyer who can’t view the home in person… do you think this would be helpful to them?  I have sold several homes this way and both times the buyers saw it for the first time in person when they were moving in.  On both occasions they said it looks exactly like they viewed in the video… WOW!
      • 360 Video - The technology exists now to not only film this type of video but to also consume it easily.  Again this takes video to another level and full interactive so people can see the layout, what type of flooring is in a certain section of a home or even ceiling texture.  Again think about that out of town buyer, this takes it to another level of confidence of what they are buying.  I have found this type of video increases their confidence and they are less likely to back out during the contract.

There are many more ways to market you home, these are just a few.  Yes your home will be syndicated to other websites for their audiences to view but that is a given.  Work with an agent who thinks outside the box, has your best interest at heart and knows how to go above and beyond the norm.  The market is changing when it comes to marketing and your agent should be up to date on these changes so your property can get the best exposure.  Needless to say marketing is a serious issue that doesn’t get enough attention and that is a serious disservice to sellers.

Again I hope this was of value and maybe you picked up a tip or two.  My goal is always to be a resource and educate my clients so they can make informed & educated decisions.

Have questions about this or other topics, don’t hesitate to contact me.

Luis Cuevas, Realtor®

RE/MAX Cross Country

1990 Justin Road

Highland Village, Texas 75077

(214) 783-0535

Luis@MakeNorthTexasHome.com

Check out my website for more helpful tips:

http://MakeNorthTexasHome.com

Subscribe to my YouTube Channel:

http://Youtube.com/MakeNorthTexasHome

Follow me on Facebook:

http://Facebook.com/MakeNorthTexasHome

Free Seller Consultation - Luis Cuevas Realtor® RE/MAX Cross Country

I offer a free consultation to property owners interested in knowing more about the market, property evaluation to ultimately determine where they stand in comparison to the market.  This is free, no gimmicks, no pressure, no sales pitch service I offer.  

With the heart of a teacher I set out to inform and educate property owners so that they can make an informed decision.  I carry this through my consultation as well when I inform property owners on where they stand.

Property Condition -  A walk through of the property is key, we must know the property features and condition.  Often I suggest repairs or general maintenance that I see come up on property inspection.  Also there are requirements for certain loans on property condition, so identifying these and addressing will help widen the potential buyer pool.

Upgrades & Projects - One of the most common questions I receive is whether an owner should make improvement A or B, both or neither.  While any improvement is a good thing I also take in to consideration the owner’s goals.  I have been asked to fix the sidewalk or kitchen countertops, fix the toilet or plant new flowers, address the broken gutters or plant a tree.  These all may seem easy but again it depends on the property, market and the owner’s goals.

Timing - Yes it is true, real estate sells differently at certain times of the year in comparison to others.  Summer tends to be hot with activity while the falls & winter tends to cool, but the reality is markets vary by neighborhood and city.  Let’s determine your goals and see what fits best for you.

Competition/Market - Let’s look at the competition, what do other homes have to offer compared to yours.  What is their condition?  What upgrades are the norm?  Let’s make plans to actually view those properties so we can compare with where the market is and plan accordingly.

CMA - I can create a Comparative Market Analysis on your home to determine what the market is doing in your particular area.  From this we will know how fast homes are selling, average price per square foot, seller concessions if any and general condition of the properties being sold.  This is the key to this consultation because it brings everything together in the market to show you where you stand in comparison.

Numbers - From the CMA you can start formulating your numbers, bottom line, closing costs, selling expenses, etc… so you can narrow down on what type of proceeds you look to walk away with.

Next Move - If you plan on selling your home then you need to go somewhere and I can help with that as well.  Let’s look at your goals, what are you looking for and then let’s go see what that market is like.  What does it cost?  What can you expect?  How is that market? 

As you can see that is a good amount of information and education I offer you for free.  No gimmicks and in a no pressure environment.  I offer this because I know people want to know where they stand and be clear on the data they are getting.  Too often websites offer this data but it isn’t tailor to you and with out the actual input of a professional.  I hope to be that professional for you!  

Again I hope this was of value and maybe you picked up a tip or two.  My goal is always to be a resource and educate my clients so they can make informed & educated decisions.

Have questions about this or other topics, don’t hesitate to contact me.

Luis Cuevas, Realtor®

RE/MAX Cross Country

1990 Justin Road

Highland Village, Texas 75077

(214) 783-0535

Luis@MakeNorthTexasHome.com

Check out my website for more helpful tips:

http://MakeNorthTexasHome.com

Subscribe to my YouTube Channel:

http://Youtube.com/MakeNorthTexasHome

Follow me on Facebook:

http://Facebook.com/MakeNorthTexasHome

What is a CMA? - Luis Cuevas Realtor® RE/MAX Cross Country

A CMA is a Comparative Market Analysis used by real estate agents to help with deciding on a sales price for a property they will be listing or maybe come up with a reasonable offer on a property to purchase.

The CMA is used to figure out where the market is in comparison to the home being evaluated.  Let’s say you are buying and viewed a home you are interested in making an offer.  A CMA would serve as a way to check comparable sales data of similar properties to make an educated offer.  The same goes for a seller, it would be used to figure out where their property stands in regards to the market and determine an asking or listing price.

A CMA, Comparative Market Analysis, isn’t as simple as just plugging in some numbers and see what pops up, you really have to know what data your after and how to interpret it.  Let’s take a look at a few keys items when going through the data.

  1. Know your subject property - If your a seller know the data on your home such as square feet, number of rooms, amenities, year built, upgrades, etc.  It is important to be clear on your home as the subject, as this will be the base subject and will be compared to other similar properties.
  2. Find Comparable Properties - This is key to zeroing in on your goal of knowing where the home should be priced.  Comparable properties should be similar in size, construction type, near the subject, year built, number of stories, etc… the closer the better for comparison.
  3. Make Adjustments - Not all data will be exactly like the subject property, some adjustments will need to be made.  Maybe one house has one more half bath, extra garage, carport, covered patio or maybe is an exterior lot facing a busy street instead of an interior lot on a cul-de-sac.  A Realtor® can really prove to be valuable when it comes to interpreting this data.

At the end of the process you should have a good understanding of the the market, which is represented by similar homes that have sold.  This data should give you an idea of where the subject property stands in the market and therefor help when coming up with a sales price.

Now let’s be clear, this is not an alternative to an actual appraisal.  Notice the word “value” or “worth” was not used in the description, the reason is clear… Realtors® are not appraisers and can not determine “worth,” “value,” or “opinion of value.”  While a Realtor® will have the same access to the data as an appraiser, a Realtor® is not a licensed appraiser.  Keep this in mind because there are a ton of gimmicks out there leading you to believe that they can determine your properties value or worth, which is not allowed and they are not in a position to do this.  It would be like a cashier diagnosing you with a disease when in reality they are not a doctor.

A CMA, comparative market analysis, is a helpful tool I as a Realtor® use to help guide my clients to decide on a list price or what type of offer to make.  It is using real data, not estimates, but actual data from similar properties.  This is a tremendous tool I offer you so you are more in line with your pricing and in line with the market.  So next time you hear the acronym CMA thrown around you can know a little bit more about it.

Again I hope this was of value and maybe you picked up a tip or two.  My goal is always to be a resource and educate my clients so they can make informed & educated decisions.

Have questions about this or other topics, don’t hesitate to contact me.

Luis Cuevas, Realtor®

RE/MAX Cross Country

1990 Justin Road

Highland Village, Texas 75077

(214) 783-0535

Luis@MakeNorthTexasHome.com

Check out my website for more helpful tips:

http://MakeNorthTexasHome.com

Subscribe to my YouTube Channel:

http://Youtube.com/MakeNorthTexasHome

Follow me on Facebook:

http://Facebook.com/MakeNorthTexasHome