Archive | November, 2015

One-button Pricing?

24 Nov

An Automated Valuation Model, AVM, is a computer approach that looks at public records to make a determination based on square footage, comparable sales and other elements. It is as easy as putting your address in a blank but unfortunately, AVM results may only be accurate about 20% of the time.Value BUTTON3.png

A popular AVM, Zestimate®, states “It is considered a starting point at determining a home’s value.” While an AVM contains some of the same information as a comparable market analysis, it lacks a critical human factor.

Having a pair of experienced eyes consider aspects that are not easily quantified can make a big difference. A skilled professional can tell which properties are truly comparable. A knowledgeable expert can recognize features, floorplans and other things that can affect value but are difficult to quantify.

Even if a person isn’t ready to sell their investment, they like to know its value. It is easy to find the price of stocks or mutual funds on any given day but the value of a home is more difficult.

Regardless of whether you’re just curious as to how much your home is worth or are ready to monetize your equity, I’m available to give you that information without obligation. If you’re not ready now, just keep this letter for when you are.

Beautiful Home on Spacious Corner Lot

20 Nov

0037HDR2609 Princeton Drive
Flower Mound, TX 75022

This stunning & rare 5-bedroom home in the heart of Flower Mound offers an expansive, open floorplan & rich updating with excellent schools. Upon entry, gleaming hardwoods adorn the formal living, the elegant formal dining has chair-rail moldings and just adjacent is a granite butler’s pantry. The kitchen would delight any chef with its granite counters, large island, abundant 42” cabinets, black Jenn-Air appliances, tile backsplash, recent stainless microwave, trendy antique chandelier and opens to a family room with soaring ceilings, hardwoods,  a catwalk crossing, additional crown molding, 5.1 surround sound, entertainment niche and a cozy gas fireplace.  The split master retreat is a generous size and boasts plush carpeting (11/15) and a master bath with a jetted tub, dual sinks, linen closet and roomy walk-in closet.

Upstairs are 4 spacious bedrooms, plush carpeting (10/15), two full baths and a large game/media room excellent for movies as it has 5.1 surround sound, or play/entertainment areas. Other features/updates include….elegant powder bath, large driveway, stone retaining wall, electric gate, interior paint (10/15), spacious backyard, marble-deco tile entry, separate utility room and more!  Move-in ready and priced to sell!

You don’t want to miss this opportunity!  MLS 13270759.

For more information and photos on this home, click here.

Please contact Jeff Jacobs at 972-978-6539 for more information.

For more information and other homes for sale in this area, check out 

Resource Central

17 Nov

Homeowners should recognize that the same trusted professional who helped them buy or sell their home can be a valuable resource while they own their home too.resource central.png

Think of your REALTOR® as an indispensable homeowner’s resource who can make recommendations about a variety of services that homeowners will use throughout the tenure in their home. This experience far exceeds personal experience because of the day-to-day activities working in the industry.

  • To recommend reputable and reasonable service providers.
  • To offer information about your community, nearby businesses and local agencies.
  • To solicit general homeowner knowledge such as protesting your property tax assessment, determining fair market value, determining the best improvements and other things.
  • To assist with advice and suggestions about maintenance, protecting value and saving money.

Our goal is to have a long-term relationship with you. We want to help you be a better homeowner not only when you need to buy or sell but all of the year’s in-between. We want to earn a recommendation to your friends. We want you to consider us your REALTOR® for life.

Incredible Investment Opportunity in Irving!

12 Nov
407 E. 8th Street, Irving

407 E. 8th Street, Irving

Cash buyers and investors only!

407 East 8th Street in Irving, TX
MLS 13275325 

Darling home in highly desirable area with close proximity to DFW airport, 183, Loop 12, minutes from downtown Dallas, Las Colinas, a golf course, and shopping centers. This home features beautiful mature trees, extended driveway to detached 1 car garage, spacious backyard, 2 bedrooms, 1 bath, converted porch addition bonus room that is easily a 2nd living/family room or can be converted into a 3rd bedroom. Great investment property that won’t last long!

You don’t want to miss this opportunity!  MLS 13275325.

For more information and photos on this home, click here.

Please contact Kay Petri at 940-435-5926 for more information.

For more information and other homes for sale in this area, check out 

At least consider a shorter one

10 Nov

Affordability and stability are reasons homebuyers choose a 30-year fixed rate mortgage. It makes the payment lower than a 15-year mortgage and the principal and interest portion of the payment will be constant for 30 years. Pencils-250.jpg

A common belief among homeowners for decades was that they would always have mortgage payment. The Great Recession has caused many individuals to rethink that concept and make plans to get their home paid for sooner.

For people who can afford it, shorter term mortgages will provide a lower interest rate and build equity faster. A 3.09% 15-year fixed-rate mortgage compared to a 3.87% 30-year loan will have a $562.42 higher payment.

The equity would be $66,903.04 greater on the 15-year term at the end of seven years. Even after you consider the higher payment on the shorter term, the equity difference is still almost $20,000 greater.

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By choosing a 15-year loan, a borrower is committing to the higher payment for the term of the mortgage in exchange for a slightly lower interest rate. Another approach would be for the borrower to acquire a 30-year mortgage and make payments as if it were on a 15-year term. The slightly higher rate would allow the borrower the flexibility of not having to make the higher payment in the event he could not afford it on any particular month.


Discussion with your Insurance Agent

4 Nov

Insurance and homeowners go together like peanut butter and jelly. Lenders require fire insurance at a minimum for homes with a mortgage but many owners opt for a more comprehensive coverage with a homeowner’s policy. discussion-250.jpg

However, comprehensive doesn’t mean that everything is covered. Filing a claim is not the time to learn that you don’t have the right coverage. Discuss the following issues with your insurance agent to get a better understanding of your policy and whether some adjustments might be in order.

  • Flooding?
  • Rising water?
  • Mold?
  • Earthquakes?
  • Pools?
  • Termites?
  • Certain kinds of pets or breeds of dogs?
  • Limits on jewelry and cash?
  • Deductible amount?

The whole concept behind buying insurance is to transfer the risk of loss that you cannot afford for an annual premium that you can. Price and coverage need to be considered when comparing policies. Call your agent and make sure you understand what you’re insured for and if there are alternatives available.


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