Dallas Real Estate Blog - Dallas Real Estate by VIP Realty Platinum

30+ Days on the Market and Still Counting?

 30DOM

So your boxes are all packed and you made an offer for a new home, but there is one thing holding you back—your current house has not sold! When you first signed your listing agreement you had high hopes that your home would have a qualified offer within the week. One week turned into two, and two to three, and now your home has been on the market 30+ days and counting!

You may be asking the question, “Why haven’t I sold my home yet?” Unfortunately, this is a common questions sellers ask. Fortunately, for you there is a small list of reasons and some minor adjustments that can be made to come to a solution that leads to your home being sold at a fair price in no time! According to numerous real estate

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When you are a teen, things are always so complicated. You're not a kid anymore but you're not quite an adult so everything you do is sort of in between. You can't exactly hang out at the local "Kiddy Pizza Place", but bars and clubs are not exactly on your list of things to do either. So what's a teen in the DFW area to do on an average Saturday night? Well, let me give you some ideas.

1. Room Escape Adventures.

Ever play one of those point-and-click "room escape games"? If not, here's a basic idea of how they go...you are trapped in a room and you have to find a set of clues in order to escape. Sounds simple, right? Well, imagine that idea but in real life. There are various "room escapes" all over  the DFW area and have many themed rooms

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Investing of any kind, especially real estate, can be a daunting and confusing task. When it comes to investments, you need to consider a multitude of options; what is your budget, what kind of property are you looking for, how much will you get back on your return...but investing can and should be the greatest most rewarding decision of your life.

When it comes to investing, the goal is not to throw your money away, but to figure out the best options in order to increase your own finances. In today's market, real estate is one of the most sought after investment around. It is so appealing to so many people because no matter what you invest, you are more than likely guaranteed to get your money returned and then some. People who do decide to invest in

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It seems silly that one simple credit card can be the factor which qualifies you to purchase your home. Truth can be stranger than fiction. Sometimes, establishing or demonstrating an ability to successfully maintain long-term debt is the only standing between you and the home of your dreams.

Before you rush down to the nearest department store to apply for a credit card and receive a free set of steak knives, keep this in mind: not all credit cards are created equal. Lenders tend to look upon department store credit cards, gas station credit cards and the like as signs that you depend on them because you can’t actually afford the things you buy with them. Clothing, tires, various household goods…not the ideal and can actually count against you instead

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So you want to get into real estate and you've heard about this great thing they call "wholesaling". But what is wholesaling? Is it good? Is it legal? How hard is it, exactly? While some questions may be easier to ask than others, it is important to remember that each situation is different and I am no layer. Before we even get started, let's go over a few ground rules when it comes to wholesaling real estate.

  1. Get your license. Seem simple enough? Always have the correct paperwork  and knowledge to do what you do at the drop of a hat. It is always better to not need it and have it than to not have it and need it so be on the up and up!
  2. Buy and sale. Of course, we'll cover this more a bit later, but before we even get started let's just make

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Real estate, much like fishing, requires a certain amount of knowledge, patience, and of course, the right bait. The truth is, if you cast your hook, sit in the same place at the same time day in and day out and you have yet to so much as get a nibble, you may have to start looking at your method. Just because you have done something the same way for a long time does not mean you must continue to do it. There is nothing wrong with changing things up and taking a chance on something new. After all, teach a man to fish...well, I'm sure you know the rest.

THE TOOLS IN A REALTORS BOX

The sad fact is, many real estate agents are guilty of making a lot of the same mistakes. Each one may be using the same listings, have the same clientele, and be using the

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When purchasing a home, a bad credit score can seem like the worst thing imaginable. As profitable as it is to actually own your own home, you may find yourself on the wrong end of renting for a very long time. But, with the market being what it is today, it is actually a buyers world out there, and, good credit or not, you are more likely to be able to purchase your very own home if you simply follow this quick and easy guideline in order to make the process go just a little bit more smoothly.
 

TAKING THE PLUNGE

The first step to buying a home is to research federal mortgage programs and search for the right property. The Veterans Administration as well as the Federal Housing Administration can be much more forgiving and provide affordable loans that…
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If you are in real estate, even just starting out, there is, at least, a slight chance the concept of purchasing commercial real estate has crossed your mind. If you ARE just starting out, you are likely dealing with the likes of homes and apartments, but there comes a time in most real estate agents lives where they sit back and wonder just how much better life would be if they were to somehow get their hands on a juicy bit of commercial real estate. If you have ever wondered if this is right for you, just sit back and see what we have to say about the pros and cons of commercial property.

WHAT MAKES A COMMERCIAL PROPERTY?

There are a few things that can constitute as commercial property. When you consider commercial real estate, you are likely

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When dealing with numbers, especially in real estate, you may find that your mental capacity of calculations tends to be tested on a semi-regular basis. The cost of spending versus the cost of repairs and marketing is a major factor that you need to and should be totally aware of at any and all times.

Love numbers or not, numbers are a part of your industry so you had better brush off that algebraic thinking cap from back in high school and get to adding.

But, do not worry.

As it turns out you do not have to be a world renown mathematician to calculate your earnings and losses when it comes to the real estate market.

What Makes Numbers So Important?

When looking at a new property, there are several factors to consider. What is the location?

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It's generally the case that if one can afford to rent, the same can afford to buy. Some would-be buyers are only held back by the lack of funds for sufficient down payment and closing costs. Programs such as the SETH 5 and others like it, allow buyers to purchase with zero down and zero closing costs. Although SETH 5 is not available in El Paso,Grand Prairie or McKinney (but it is available everywhere else in Texas), other "loan products" which are similar to SETH 5 are available everywhere or do include those three Texas cities.

SETH 5, for example, is an FHA "product", so the buyer's property taxes and insurance are rolled into the payments. This feature can really simplify the financial responsibilities of home ownership. There is no first-time

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