NICK WALTON REALTOR®

Serving Your Frisco Community

NICK WALTON REALTOR® Serving Your Frisco Community

7 Deadly Sins of Overpricing

7 Deadly Sins of Overpricing

7 Deadly Sins of Overpricing

7 Deadly Sins of Overpricing

 

Most experts would advise that the best way to increase your odds of a successful sale is to price your home at fair market value. But, as logical as this advice sounds, for many sellers it is still tempting to tack a few percentage points onto the price to “leave room to negotiate”. To avoid this temptation, let’s take a look at the seven deadly sins of overpricing:

1. Appraisal Problems

Even if you do find a buyer willing to pay an inflated price, the fact is over 90% of buyers use some kind of financing to pay for their home purchase. If your home won’t appraise for the purchase price the sale will likely fail.

2. No Showings

Today’s sophisticated home buyers are well educated about the real estate market. If your home is overpriced they won’t bother looking at it, let alone make you an offer.

3. Branding Problems

When a new listing hits the market, every agent quickly checks the property out to see if it’s a good fit for their clients. If your home is branded as “overpriced”, reigniting interest may take drastic measures.

4. Selling the Competition

Overpricing helps your competition. How? You make their lower prices seem like bargains. Nothing is worse than watching your neighbors put up a sold sign.

5. Stagnation

The longer your home sits on the market, the more likely it is to become stigmatized or stale. Have you ever seen a property that seems to be perpetually for sale? Do you ever wonder – What’s wrong with that house?

6. Tougher Negotiations

Buyers who do view your home may negotiate harder because the home has been on the market for a longer period of time and because it is overpriced compared to the competition.

7. Lost Opportunities

You will lose a percentage of buyers who are outside of your price point. These are buyers who are looking in the price range that the home will eventually sell for but don’t see the home because the price is above their pre-set budget.

Most buyers look at 10-15 homes before making a buying decision. Because of this, setting a competitive price relative to the competition is an essential component to a successful marketing strategy.

 


This blog post is provided to you by Your Frisco Realtor® of NickWaltonRealtor.com

Providing Real Estate services for the cites of Frisco, Plano, McKinney, Allen, Little Elm, Prospre, Celina & North Dallas.

Nick Walton, Realtor®

JP & Associates Realtors®

Nick@NickWaltonRealtor.com
Cell / Text 469-556-2393

www.NickWaltonRealtor.com

Join the Your Frisco Realtor® & Nick Walton Realtors Group Facebook Fan pages

I’m glad that you have found my blog and taken the time to read it. If you find the information useful or informative please “Subscribe” to my blog.

I enjoy building new business relationships across the country and would love to find a way to work together on a transaction or a referral.

Grayhawk HOA semi-annual assessments

Grayhawk HOA semi-annual assessments are due on Jan 1st, 2012.

Grayhawk Frisco

Grayhawk Frisco

You should have received your notice of payment in the mail by now.

Mailing payment information

If you wish to pay your dues online please go to www.sbbmanagement.com or www.cabanc.com

You can view your account information on SBB’s website.
Register as a first time user, if you are not registered on SBB’s website.

For questions about HOA assessments please contact Betty at SBB
Contact information on the contact us page of the Grayhawk website.

Happy Boxing Day…

Happy Boxing Day…

Happy Boxing Day

Happy Boxing Day

On Christmas Day an “Alms Box” was placed in every church, into which worshippers placed a gift for the poor of the Parish.  These boxes were opened the day after Christmas, which became known as Boxing Day.

10 Tips to Save Energy Today – Easy low-cost and no-cost ways to save energy.

10 Tips to Save Energy Today – Easy low-cost and no-cost ways to save energy.

10 Tips to Save Energy Today - Easy low-cost and no-cost ways to save energy.

10 Tips to Save Energy Today - Easy low-cost and no-cost ways to save energy

  1.  Install a programmable thermostat to lower utility bills and manage your heating and cooling systems efficiently.
  2. Air dry dishes instead of using your dishwasher’s drying cycle.
  3. Turn things off when you are not in the room such as lights, TVs, entertainment systems, and your computer and monitor.
  4. Plug home electronics,such asTVs and DVD players, into power strips; turn the power strips off when the equipment is not in use—TVs and DVDs in standby mode still use several watts of power.
  5. Lower the thermostat on your water heater to 120°F.
  6. Take short showers instead of baths and use low-flow shower heads for additional energy savings.
  7. Wash only full loads of dishes and clothes.
  8. Air dry clothes.
  9. Check to see that windows and doors are closed when heating or cooling your home.
  10. Drive sensibly as aggressive driving such as speeding, and rapid acceleration and braking, wastes fuel.


This blog post is provided to you by Your Frisco Realtor® of NickWaltonRealtor.com

Providing Real Estate services for the cites of Frisco, Plano, McKinney, Allen, Little Elm, Prospre, Celina & North Dallas.

Nick Walton, Realtor®

JP & Associates Realtors®

Nick@NickWaltonRealtor.com
Cell / Text 469-556-2393

www.NickWaltonRealtor.com

Join the Your Frisco Realtor® & Nick Walton Realtors Group Facebook Fan pages

I’m glad that you have found my blog and taken the time to read it. If you find the information useful or informative please “Subscribe” to my blog.

I enjoy building new business relationships across the country and would love to find a way to work together on a transaction or a referral.

7 Reasons Why Selling Your Home In The Winter Months IS Better Than Waiting For Spring Or Summer

7 Reasons Why Selling Your Home In The Winter Months IS Better Than Waiting For Spring Or Summer

If you are on the fence about selling in the winter vs. waiting for spring/summer, here’s some great information:

  1. There is 20% less homes for sale in the winter, compared to spring and summer months.
  2. In the winter months, the buyers in the market are serious about buying a home. There aren’t many “tire kickers” out in the cold house hunting. They are usually motivated buyers.
  3. There is less inconvenience to the family to keep the home up for showings, because there’s less people house hunting in winter.
  4. With scheduled showings, there doesn’t have to be any disturbance to holiday festivities.
  5. Several studies have shown homes sold during the winter season sell closer to listing price than those sold during the spring and summer.
  6. Contract negotiations are easier and seller concessions less are generally less in the winter months. Remember, buyers in the winter are serious about finding a home. It’s a captive audience.
  7. Realtors(R) aren’t as busy in the winter months, and with less inventory, there is more attention on your property.

Call me now if I can provide any further information on why selling your home in the winter season is a great time. I’m happy to provide you a complimentary property analysis to help you determine if now is a good time to sell of it is better to wait. As a professional Realtor(R), it is my responsibility to give you my unbiased expert opinion.

The property analysis is complimentary and there are no strings attached.


This blog post is provided to you by Your Frisco Realtor® of NickWaltonRealtor.com

Providing Real Estate services for the cites of Frisco, Plano, McKinney, Allen, Little Elm, Prospre, Celina & North Dallas.

Nick Walton, Realtor®

JP & Associates Realtors®

Nick@NickWaltonRealtor.com
Cell / Text 469-556-2393

www.NickWaltonRealtor.com

Join the Your Frisco Realtor® & Nick Walton Realtors Group Facebook Fan pages

I’m glad that you have found my blog and taken the time to read it. If you find the information useful or informative please “Subscribe” to my blog.

I enjoy building new business relationships across the country and would love to find a way to work together on a transaction or a referral.

Christmas Lights in Grayhawk Frisco (VIDEO)

Christmas Lights in Grayhawk Frisco (VIDEO)

Whilst I was driving home through Grayhawk in Frisco Texas I came across the Holiday Showcase House.

My first thought was I think they missed a spot :)


This blog post is provided to you by Your Frisco Realtor® of NickWaltonRealtor.com

Providing Real Estate services for the cites of Frisco, Plano, McKinney, Allen, Little Elm, Prospre, Celina & North Dallas.

Nick Walton, Realtor®

JP & Associates Realtors®

Nick@NickWaltonRealtor.com
Cell / Text 469-556-2393

www.NickWaltonRealtor.com

Join the Your Frisco Realtor® & Nick Walton Realtors Group Facebook Fan pages

I’m glad that you have found my blog and taken the time to read it. If you find the information useful or informative please “Subscribe” to my blog.

I enjoy building new business relationships across the country and would love to find a way to work together on a transaction or a referral.

Grayhawk in Frisco Texas Christmas Lights

Grayhawk in Frisco Texas Christmas Lights

I took a few pictures last night as I drove through Grayhawk neighborhood in Frisco Texas of the Christmas Lights.

Grayhawk in Frisco Texas Christmas Lights

Grayhawk in Frisco Texas Christmas Lights

Grayhawk in Frisco Texas Christmas Lights

Grayhawk in Frisco Texas Christmas Lights

Grayhawk in Frisco Texas Christmas Lights

Grayhawk in Frisco Texas Christmas Lights

Grayhawk in Frisco Texas Christmas Lights

Grayhawk in Frisco Texas Christmas Lights

Grayhawk in Frisco Texas Christmas Lights

Grayhawk in Frisco Texas Christmas Lights

Grayhawk in Frisco Texas Christmas Lights

Grayhawk in Frisco Texas Christmas Lights

Grayhawk in Frisco Texas Christmas Lights

Grayhawk in Frisco Texas Christmas Lights


This blog post is provided to you by Your Frisco Realtor® of NickWaltonRealtor.com

Providing Real Estate services for the cites of Frisco, Plano, McKinney, Allen, Little Elm, Prospre, Celina & North Dallas.

Nick Walton, Realtor®

JP & Associates Realtors®

Nick@NickWaltonRealtor.com
Cell / Text 469-556-2393

www.NickWaltonRealtor.com

Join the Your Frisco Realtor® & Nick Walton Realtors Group Facebook Fan pages

I’m glad that you have found my blog and taken the time to read it. If you find the information useful or informative please “Subscribe” to my blog.

I enjoy building new business relationships across the country and would love to find a way to work together on a transaction or a referral.

Holiday Safety Tips

Holiday Safety Tips

Christmas Tree Safety Tips

Christmas Tree Safety Tips

Help prevent injuries at Christmas and during the holidays by following these tips.

Christmas Lights

  • Unplug the lights and decorations when you are not home. Heat + pine tree = house fire. The lights could short out and start a fire. Turn off all lights when you go to bed.
  • Never use electric lights on a metallic tree. The tree can become charged with electricity from faulty lights, and a person touching a branch could be electrocuted.
  • Never overload an electrical outlet with extension cords or three-way adapters. If you need to plug a lot of things into a single outlet, use a power strip.

Prevent Theft & Break-ins
Santa comes down the chimney, not through the door or windows. Keep those locked and your blinds drawn when you aren’t home. Remind the kids to close the garage door when they leave. Most burglaries happen this time of year, and it would be awful to have the presents stolen.


This blog post is provided to you by Your Frisco Realtor® of NickWaltonRealtor.com

Providing Real Estate services for the cites of Frisco, Plano, McKinney, Allen, Little Elm, Prospre, Celina & North Dallas.

Nick Walton, Realtor®

JP & Associates Realtors®

Nick@NickWaltonRealtor.com
Cell / Text 469-556-2393

www.NickWaltonRealtor.com

Join the Your Frisco Realtor® & Nick Walton Realtors Group Facebook Fan pages

I’m glad that you have found my blog and taken the time to read it. If you find the information useful or informative please “Subscribe” to my blog.

I enjoy building new business relationships across the country and would love to find a way to work together on a transaction or a referral.

First Time Home Buyers Deciding to Buy

First Time Home Buyers Deciding to Buy

If you are a first-time home buyer and decide you are ready to buy, it is important for you to begin the process by carefully assessing your values, wants, and needs—both for the short and long term. This is a critical step since consultation sessions normally start with a buyers’ values. Afterward, we can explore your wants and needs and, once defined, determine actual criteria.

A recent study shows how important the following home-buying factors were to buyers:

  • List Price: 72%
  • Location: 69%
  • Neighborhood: 55%
  • Floor Plan: 37%
  • Square Footage: 28%
  • Schools: 22%

By having the home-buying criteria on your mind before walking into a consultation, you are off to a better start when meeting with your real estate agent. The consultation allows you to fill in any missing gaps within your values, wants, and needs.


This blog post is provided to you by Your Frisco Realtor® of NickWaltonRealtor.com

Providing Real Estate services for the cites of Frisco, Plano, McKinney, Allen, Little Elm, Prospre, Celina & North Dallas.

Nick Walton, Realtor®

JP & Associates Realtors®

Nick@NickWaltonRealtor.com
Cell / Text 469-556-2393

www.NickWaltonRealtor.com

Join the Your Frisco Realtor® & Nick Walton Realtors Group Facebook Fan pages

I’m glad that you have found my blog and taken the time to read it. If you find the information useful or informative please “Subscribe” to my blog.

I enjoy building new business relationships across the country and would love to find a way to work together on a transaction or a referral.

December 2011 Market Update Pt. 2

December 2011 Market Update Pt. 2

Home Sales

Home Sales Graph

Home Sales Graph

Existing homes sales improved 1.4% in October, or to an annual pace of 4.97 million, a 13.5% increase from October of last year. Even more dramatic, was the jump in pending home sales, which surged in October by 10.4% from September, and were up 9.2% from October 2010. This jump in pending sales could lead to a strong fourth quarter as signs continue to point to a pent-up demand brought on by current lending conditions of mortgage providers.

Home Prices

Home Prices Graph

Home Prices Graph

The national median home price in the U.S. saw a small decline in October to $162,500, from $165,800 in September. This number can be affected by the sale of distressed properties, which typically sell at discounted prices. Distressed properties accounted for 28% of homes sales in October. Yet despite a drop in the median price from last September, the Federal Housing Finance Authority reported that seasonally adjusted prices rose 0.2% in the third quarter from the second quarter in 2011, which could be an early sign of appreciating home prices.

Inventory

Home Inventory Graph

Home Inventory Graph

By the end of October, the total number of homes on the market had fallen 2.2% to 3.33 million homes, which represents 8 months of inventory at the current sales pace. Since a record high of 4.58 million homes in July 2008, the inventory of homes for sale has been steadily declining. When homes sell faster than they come on the market, the market comes from its current favor toward buyers into balance or in favor of sellers. This can trigger an appreciation in home prices and lead the way to a stronger recovery.

 


This blog post is provided to you by Your Frisco Realtor® of NickWaltonRealtor.com

Providing Real Estate services for the cites of Frisco, Plano, McKinney, Allen, Little Elm, Prospre, Celina & North Dallas.

Nick Walton, Realtor®

JP & Associates Realtors®

Nick@NickWaltonRealtor.com
Cell / Text 469-556-2393

www.NickWaltonRealtor.com

Join the Your Frisco Realtor® & Nick Walton Realtors Group Facebook Fan pages

I’m glad that you have found my blog and taken the time to read it. If you find the information useful or informative please “Subscribe” to my blog.

I enjoy building new business relationships across the country and would love to find a way to work together on a transaction or a referral.