Buying a Home May Make More Sense Than Renting

Original Post

Some Highlights

If you’re trying to decide whether to rent or buy a home, there are a few things you should consider.

Homeownership can help you escape the cycle of rising rentsbuilds your wealth, and serves as a hedge against inflation.

If you’re ready to take advantage of the benefits of homeownership, let’s connect to explore your options.


Free Buyer Guide

Free Seller Guide

45 Easy Ways to Sell Your Home Faster

Robin McCoy is a Texas Realtor with Keller Williams Realty. License #0582766
RobinMcCoyRealty.com | 214.226.3770 | RobinMcCoy@kw.com


The information contained, and the opinions expressed, in this article are not intended to be construed as investment advice. Robin McCoy Realty Group and Living in DFW 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. Robin McCoy Realty Group and Living in DFW will not be liable for any loss or damage caused by your reliance on the information or opinions contained herein.


4 Tips for Making Your Best Offer on a Home

Original Post

Are you planning to buy a home? Though things are more balanced than they were at the height of the pandemic, it’s still a sellers’ market. So, when you find the home you want to buy, remember these four tips to make your best offer.

1. Lean on a Real Estate Professional

Rely on an agent who can support your goals. As Bankrate notes:

“. . . select the best real estate agent for your needs. They will be a critical part of your home buying process.”

Agents are local market experts. They know what’s worked for other buyers in your area and what sellers may be looking for in an offer. It may seem simple, but catering to what a seller needs can help your offer stand out.

2. Know Your Budget

Understanding your budget is especially important right now. As Sandy Higgins, Senior Wealth Advisor at Capstone Financial Advisorsputs it:

“Understand your current budget … what are your expenses, how’s your spending, would you need to make changes?”

The best way to understand your numbers is to work with a lender so you can get pre-approved for a loan. It helps you be more financially confident, and it shows sellers you’re serious. That can give you a competitive edge.

3. Think Through Everything Before Making an Offer

Today’s market isn’t moving at the record pace it did during the pandemic. That means you may have a bit more time to think before you need to make an offer. According to Danielle Hale, Chief Economist at realtor.com:

“In general, you likely have more time to make an offer, although that’s certainly not a guarantee. If you’re on the fence about a home or its asking price doesn’t quite fit your budget, you might want to keep an eye on it, and if it doesn’t sell right away, you may have some room to negotiate with the seller.”

While it’s still important to stay on top of the market and be prepared to move quickly, there can be more flexibility today. Lean on the advice of your agent as you explore the options in your market.

4. Work with Your Advisor To Negotiate

During the pandemic, some buyers skipped home inspections or didn’t ask for concessions from the seller in order to submit the winning bid on a home. Fortunately, today’s market is different, and you may have more negotiating power than before. When putting together an offer, your trusted real estate advisor will help you think through what levers to pull.

Bottom Line

When you buy a home, let’s connect so you have the guidance to make your best offer. 


Free Buyer Guide

Free Seller Guide

45 Easy Ways to Sell Your Home Faster

Robin McCoy is a Texas Realtor with Keller Williams Realty. License #0582766
RobinMcCoyRealty.com | 214.226.3770 | RobinMcCoy@kw.com


The information contained, and the opinions expressed, in this article are not intended to be construed as investment advice. Robin McCoy Realty Group and Living in DFW 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. Robin McCoy Realty Group and Living in DFW will not be liable for any loss or damage caused by your reliance on the information or opinions contained herein.


How to Prevent Household and Yard Pests

Wildlife such as raccoons, squirrels, bats, and birds are part of nature and can be wonderful to observe. However, they can be troublesome and threaten our health and safety when these creatures invade our property and home. Unwelcome vermin can spread disease, cause structural damage, and inflict bodily injury to humans and pets. Here are some signs that you may have wildlife inhabitants and helpful tips to avoid infestation.

Check for Signs of Infestation

General indications are fecal droppings, odor, holes, tunneling, nests, odd sounds, and gnawed or pecked at siding, flooring, walls, and roofing. Signs of specific wildlife will help you target a particular species to eliminate. For instance, five-toed paw tracks, barks, growls, shuffling, bent rain gutters, and chewed-up wiring could be a sign of raccoons, while stains on the ceiling and squeaking sounds could mean the infestation of bats. Damage to your garden, bird feeder, and insulation may indicate that squirrels are your problem. If you hear scratching sounds in the walls and ceilings, see tracks, and notice that food has been gotten into, that could be mice. Birds are another common home invader. You could have a trapped bird or two if you hear scratching and shuffling of wings. Holes in the roof and nesting materials are other signs that you have a feathered housemate.

Seal openings

Holes and crevices in your attic, floorboards, ceiling, roof, and other areas of your home are an open invitation for pests to invade and make their nests. Identify any openings and shut or seal them off. For example, install chimney caps and steel screens on vents. Use silicon caulk or cement to discourage other vermin that can gnaw through plastic, rubber, vinyl, or wood. The best time to do this is in the fall or winter after some species of animals have left the nest or to anticipate creatures looking for a warm haven to escape to.

Manage garbage disposal

Deter animals from getting into your trash by keeping cans indoors or tightly securing lids. Avoid spilled food scraps that can attract wild animals.

Trim tree limbs

Discourage climbing by regularly cutting back large branches and tall brush.

Ensure cleanliness inside and out

Declutter areas of your home that tend to amass the most trash, such as your garage or attic. Eliminate newspapers, empty boxes, piles of wood, and other materials that animals can use to build their nests. Mop, sweep, and vacuum regularly. Wash your pet’s bedding often to avoid fleas and fix leaky pipes to prevent insects drawn to excessive moisture build-up, such as ants. Infected linens and other materials should be washed or discarded.

Last Resort

When all else fails and you are already facing an infestation problem, it’s always important to practice safety and seek professional intervention. Pesticides should only be used as a last resort. Use safe methods such as non-toxic bait and friendly traps to capture and release. Protecting humans, beneficial plants and insects, and non-threatening animals from accidental poisoning are important. Protecting the air, water, and soil from toxicity is equally essential. Call on an exterminator or animal control expert if the problem is beyond your scope of knowledge to control. They have the expertise and proper products to identify entry points and safely dispose of dangerous and disease-breeding wildlife. In addition, they can schedule follow-up visits and offer solutions to prevent further outbreaks.


Free Buyer Guide

Free Seller Guide

45 Easy Ways to Sell Your Home Faster

Robin McCoy is a Texas Realtor with Keller Williams Realty. License #0582766
RobinMcCoyRealty.com | 214.226.3770 | RobinMcCoy@kw.com


The information contained, and the opinions expressed, in this article are not intended to be construed as investment advice. Robin McCoy Realty Group and Living in DFW 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. Robin McCoy Realty Group and Living in DFW will not be liable for any loss or damage caused by your reliance on the information or opinions contained herein.


Foundation Cracks

Due to shifting soil, water issues, and normal settlement, most foundations will crack. There are different kinds of foundational cracks and varying causes. Once you understand the type of cracks you have and the underlying cause, you’ll be better able to repair them to protect your home.

Vertical Cracks

These run up and down your foundation. An example of one is a hairline crack. Vertical cracks are often small and don’t require professional help. If there are only a few cracks and they don’t get longer or wider over time, they can be patched to reduce the potential for moisture or infestation.

Horizontal Cracks

Unlike vertical cracks, horizontal cracks, which run across your foundation or walls, can be more serious. These are caused by different sources of pressure, such as water and soil, which can severely impact the structural integrity of your home. They can also be due to poor workmanship when contractors fail to grade the property properly before construction.

Bottom Line

To get an idea of the severity of either a vertical or horizontal crack, you can test it with a dime. If you can fit one into the crack the damage is large enough to require repair. If small, it should be monitored over time to see if gets worse and then addressed accordingly. It’s easier to fill small cracks, and it is best to stay on top of them before they become vulnerable to bugs, water, mold, and other infestations.


Free Buyer Guide

Free Seller Guide

45 Easy Ways to Sell Your Home Faster

Robin McCoy is a Texas Realtor with Keller Williams Realty. License #0582766
RobinMcCoyRealty.com | 214.226.3770 | RobinMcCoy@kw.com


The information contained, and the opinions expressed, in this article are not intended to be construed as investment advice. Robin McCoy Realty Group and Living in DFW 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. Robin McCoy Realty Group and Living in DFW will not be liable for any loss or damage caused by your reliance on the information or opinions contained herein.


2 Things Sellers Need To Know This Spring

Original Post

A lot has changed over the past year, and you might be wondering what’s in store for the spring housing market. If you’re planning to sell your house this season, here’s what real estate experts are saying you should keep in mind.

1. Houses That Are Priced Right Are Still Selling

Houses that are updated and priced at their current market value are still selling. Jeff Tucker, Senior Economist at Zillowsays:

“. . . sellers who price and market their home competitively shouldn’t have a problem finding a buyer.”

The need to price your house right is so important today because the market has changed so much over the past year. Danielle Hale, Chief Economist at realtor.comexplains:

“With a smaller pool of buyers today and more competition from other homes on the market, homesellers will likely need to adjust their price expectations in the market this spring.”

While this spring housing market is different than last year’s, sellers with proper expectations who lean on a real estate expert for the best advice on pricing their house well are still finding success. And that’s great news if you’re thinking about selling.

2. Buyers Are Still Out There

As mortgage rates have risen and remain volatile, some buyers have pressed pause on their plans. But there are still plenty of reasons people are buying homes today. Lisa Sturtevant, Chief Economist at Bright MLSspells out the mindset of today’s buyers:

“For some buyers, higher mortgage rates simply means buying a home is out of the question unless home prices fall. For others, higher mortgage rates will be a hurdle but ultimately will not keep them from getting back into the market after sitting on the sidelines for months.”

That’s why, if you’re interested in selling your house this spring, it’s helpful to work with a real estate agent who can help connect you with those buyers who are ready to purchase a home.

Bottom Line

There are still clear opportunities for sellers this spring. If you’re wondering if it’s the right time to make a move, let’s connect today.


Free Buyer Guide

Free Seller Guide

45 Easy Ways to Sell Your Home Faster

Robin McCoy is a Texas Realtor with Keller Williams Realty. License #0582766
RobinMcCoyRealty.com | 214.226.3770 | RobinMcCoy@kw.com


The information contained, and the opinions expressed, in this article are not intended to be construed as investment advice. Robin McCoy Realty Group and Living in DFW 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. Robin McCoy Realty Group and Living in DFW will not be liable for any loss or damage caused by your reliance on the information or opinions contained herein.


Could a Multigenerational Home Be the Right Fit for You?

Original Post

During the pandemic, many of us reexamined the meaning of home for ourselves and our loved ones. Today, that can be seen in the recent rise in multigenerational householdsAccording to Jessica Lautz, Deputy Chief Economist and Vice President of Economic Research at the National Association of Realtors (NAR):

“Multi-generational buying may be a home where families live in the same home with elderly parents, children who have boomeranged back home, or other extended family members. While this is not a new concept of living, it is one which has gained recent popularity.”

And citing data from Pew Research Center, the Wall Street Journal (WSJ) says:

“. . . multigenerational living has made a comeback in recent years, particularly after the 2008 financial crisis and during the pandemic.”

So, if buying a multigenerational home has crossed your mind, you aren’t alone. Depending on what stage of homeownership you’re in, there are different reasons it could be the right fit. The chart below shows responses to a recent survey from NAR about the reasons people have bought a multigenerational home:

Whether your motives are financial or focused on the people you’ll share your home with, a multigenerational home has distinct advantages. It can make homeownership more affordable, and it can help you best support your loved ones. As Lautz explains:

“Multi-generational home buying is a way for families to care for one another, support one another, and often buy a home that may have been previously out of reach. . . . The trend of multigenerational buying appears to be firmly established and one that could expand in the future.”

Bottom Line

If you’re ready to buy a house, consider the opportunities of a multigenerational home. Let’s explore the options in your area.


Free Buyer Guide

Free Seller Guide

45 Easy Ways to Sell Your Home Faster

Robin McCoy is a Texas Realtor with Keller Williams Realty. License #0582766
RobinMcCoyRealty.com | 214.226.3770 | RobinMcCoy@kw.com


The information contained, and the opinions expressed, in this article are not intended to be construed as investment advice. Robin McCoy Realty Group and Living in DFW 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. Robin McCoy Realty Group and Living in DFW will not be liable for any loss or damage caused by your reliance on the information or opinions contained herein.


Roof Exposure and why it matters

The direction the front of your home faces will determine the amount of sunlight it receives which has an impact on many elements of your home. There are four types of exposures: Southern, Northern, Eastern, and Western. One is not necessarily better than the other but there are advantages and disadvantages to all.

Southern exposure

When your home faces south, you will experience direct sunlight throughout the day. For sun lovers and green thumbs, this is the most favored because you get the most natural light during the day, and with extra warmth, you can save on your heating bills in the winter. However, concentrated sunlight can damage siding, roofing, furniture, fabrics, and flooring. You will need to pay closer attention to regular maintenance such as repainting, residing, and UV protection.

Northern exposure

A home that faces the north will have indirect sunlight. This exposure is preferred for those who don’t like intense sunlight because the light is softer and less harsh. In addition, the home will be easier to keep cool in hot weather. Conversely, winter snow and ice can be challenging because there is less sun to allow for quicker melting. Hence, the snow and ice weight can be very stressful on your roof. In addition, you have to keep walkways continually cleared to avoid falls.

Eastern and western exposure

When your home faces the east or the west, you will have more sun either earlier or later in the day. For the east, you will experience the most sunlight in the morning, but if facing the west, you will have more sun exposure later in the afternoon. Early morning risers may feel more comfortable with eastern exposure, while those who prefer late-day sun would do better with western exposure. You will need to install shading to windows facing east and west to eliminate the glare and UV damage of morning or afternoon sun.

Bottom Line

While most people won’t buy or not buy a home based on the home’s exposure it is important to consider the effect the different exposures will have on wear and tear of the home as well as incoming natural light.


Free Buyer Guide

Free Seller Guide

45 Easy Ways to Sell Your Home Faster

Robin McCoy is a Texas Realtor with Keller Williams Realty. License #0582766
RobinMcCoyRealty.com | 214.226.3770 | RobinMcCoy@kw.com


The information contained, and the opinions expressed, in this article are not intended to be construed as investment advice. Robin McCoy Realty Group and Living in DFW 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. Robin McCoy Realty Group and Living in DFW will not be liable for any loss or damage caused by your reliance on the information or opinions contained herein.


Is It Really Better To Rent Than To Own a Home Right Now?

Original Post

You may have seen reports in the news recently saying it’s better to rent right now than it is to own your home. But before you let that impact your decisions, you should understand what these claims are based on.

A lot of the time, these reports are assuming things that aren’t realistic for the average household. For example, the methodology behind one of those reports says that renting is the smarter financial option because of the opportunity to invest money elsewhere. It assumes renters take the money they’d spend on costs tied to buying a home and put it in an investment portfolio.

But here’s the thing – most people who rent aren’t making those investments. Ken Johnson, Co-Author of the BH&J National Price-to-Rent Index, explains:

“One of the difficulties with the rent and reinvest model is many people . . . simply rent and spend the difference. . . . That’s wealth destroying.”

The reason homeownership is one of the best investments you can make is the wealth it helps you build. That’s why there’s a significant difference between the net worth of the average homeowner and the average renter (see graph below):

Is It Really Better To Rent Than To Own a Home Right Now? | Simplifying The Market

So, before you renew your rental agreement, think about the opportunity to build wealth that homeownership provides.

Bottom Line

If you’re unsure whether to continue renting or to buy a home, let’s connect to help you make the best decision.


Free Buyer Guide

Free Seller Guide

45 Easy Ways to Sell Your Home Faster

Robin McCoy is a Texas Realtor with Keller Williams Realty. License #0582766
RobinMcCoyRealty.com | 214.226.3770 | RobinMcCoy@kw.com


The information contained, and the opinions expressed, in this article are not intended to be construed as investment advice. Robin McCoy Realty Group and Living in DFW 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. Robin McCoy Realty Group and Living in DFW will not be liable for any loss or damage caused by your reliance on the information or opinions contained herein.


Megan Reeves with Pacesetter Homes

In this episode, I speak with Megan Reeves about new construction homes and the difference between a resell and a new build. Megan grew up in Real Estate, but started working in new home construction in 2014. She’s worked for a handful of different builders, but has been working for Pacesetter Homes since mid-2020 and can’t say enough great things about their management team and ethos. She actually lives in a Pacesetter Home with her husband and their 3 fur babies, and they absolutely love it there.

In her downtime she loves to read, garden, hike, do yoga, craft, and (in her words) spends way too much time on streaming services! She started her business Instagram page this fall, and she’s been loving the creative outlet and chance to network with other real estate professionals and potential buyers. She says social media marketing is actual a closeted-introvert’s dream!

Megan gives us the low-down on the Real-Estate jargon one might come across when inquiring about a newly built home. She also tells us that some builders may have preferred lenders and will offer incentives to use their preferred lenders. To elaborate on these points, and to hear more awesome advice, you’ll have to listen to the episode.

Who you’re in business with matters! To get in contact with Megan for all your new build questions, use any of the methods listed below.
_______________________________________
Megan Reeves: Pacesetter Homes
Facebook: Megan Reeves
Instagram: @megan.sells.new.homes.dfw
Email: megan.reeves@pacesetterhomes.com
_______________________________________

Free Buyer Guide

Free Seller Guide

45 Easy Ways to Sell Your Home Faster

Robin McCoy is a Texas Realtor with Keller Williams Realty. License #0582766
RobinMcCoyRealty.com | 214.226.3770 | RobinMcCoy@kw.com


The information contained, and the opinions expressed, in this article are not intended to be construed as investment advice. Robin McCoy Realty Group and Living in DFW 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. Robin McCoy Realty Group and Living in DFW will not be liable for any loss or damage caused by your reliance on the information or opinions contained herein.


Equity Gains for Today’s Homeowners

Original Post

Today’s homeowners are sitting on significant equity, even as home price appreciation has eased recently. If you’re a homeowner, your net worth got a boost over the past few years thanks to rising home prices. Here’s what it means for you, even as the market moderates.

How Equity Has Grown in Recent Years 

Because of the imbalance between how many homes were for sale and the number of homebuyers in the market over the past few years, home prices appreciated substantially.

And while price appreciation has slowed this year, that doesn’t mean you’ve lost all the equity in your home. In fact, the latest Homeowner Equity Insights report from CoreLogic finds the average homeowner’s equity has grown by $34,300 over the past year alone.

And if you’ve been in your home longer than that, chances are you have even more equity than you realize.

While that’s the national number, if you want to know what happened in your area, look at the map below from the Federal Housing Finance Agency (FHFA). It shows on average how much home prices have risen over the past five years, which has been a major driver behind equity growth.

Equity Gains for Today’s Homeowners | Simplifying The Market

Why This Is So Important Right Now 

While equity helps increase your overall net worth, it can also help you achieve other goals, like buying your next home. When you sell your current house, the equity you’ve built up comes back to you in the sale, and it may be just what you need to cover a large portion – if not all – of the down payment on your next home.

So, if you’ve been holding off on selling, it may be time to find out how much equity you have and how it can help fuel your next move.

Bottom Line

Homeownership is a long game, and if you’re planning to make a move, the equity you’ve gained over time can make a big impact. To find out just how much equity you have in your current home and how you can use it to fuel your next purchase, let’s connect.


Free Buyer Guide

Free Seller Guide

45 Easy Ways to Sell Your Home Faster

Robin McCoy is a Texas Realtor with Keller Williams Realty. License #0582766
RobinMcCoyRealty.com | 214.226.3770 | RobinMcCoy@kw.com


The information contained, and the opinions expressed, in this article are not intended to be construed as investment advice. Robin McCoy Realty Group and Living in DFW 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. Robin McCoy Realty Group and Living in DFW will not be liable for any loss or damage caused by your reliance on the information or opinions contained herein.