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Real Estate Blog

 Real Estate Blog 
Thursday, August 28 2014

We have seen several national articles lately about the housing market and the type and size of a home you can get for a certain amount of money.  It is intersting on a national level but we live here in Plano, Texas ~ so we thought we would give you a few examples of what $200,000 will buy you here in our hometown area.   

There are currently 10 homes available in Plano priced between $195,000 and $205,000.   We are going to feature just one, contact us to learn about the others or any available homes in your price range!  

A stunning ranch style home in an estabilished neighborhoo with large shade trees and spacious yards.   This lovely home located in the heart of Plano offers 4 bedrooms, 2 full baths and a 2 car garage.  The updated kitchen boasts a breakfast bar and double ovens, fresh interior paint means this one is move-in ready!  West Plano schools.  

For more information or to schedule a time to see it yourself, contact us!

 

Helping you buy your home is our goal,

Getting you through the process is our expertise!

  Reechia & Keith Powell

Powell Realty Group

Posted by: AT 12:13 pm   |  Permalink   |  Email
Tuesday, August 26 2014

You've heard the old saying - "Location, location, location."

The real truth is "Location, condition, and price." And price trumps every other factor.  

Location affects the value of a home, but it is price that sells a home.

Oceanfront, mountainside, or penthouse, the most desirable location in the world won't sell at the wrong price.

Every property has a potential buyer, but like rock, paper, scissors, it's sometimes hard to know which factor is going to win the showdown.

A good location will sell at a fair price. A bad location will sell at a fair price, too. It just won't be as a high as it would be for a good location.

 A home in good condition will sell for a fair price. A home in poor condition will also sell at a fair price. Again, it won't be as high as a comparable home in better condition.

But neither location nor condition will sell any house. Only one thing does that - price.

So if you're a seller waiting for that "special buyer" who will appreciate your faded pink and black bathroom tile, your vintage orange shag carpet, you're going to have a long wait.

Myth: Sellers often theorize that if the list price is a “little high” that gives them room to negotiate and someone will make them an offer. 

Truth: Buyers aren’t even looking at your home if the price is “a little out of their price range” – less showings means longer on the market. 

Myth: I can lower the price after a few weeks and it will be okay. 

Truth: The longer your home sits on the market the more buyers think “something must be wrong with it” and the less showings you will receive, and again the longer you will sit on the market.   

If other homes in your neighborhood are selling and you are still waiting for an offer it isn’t the location or the condition…….it is the price.

If you are considering selling your Plano area home, contact us and let's talk price!  

Helping you sell your home is our goal,

Getting you through the process is our expertise! 

Reechia & Keith Powell

Powell Realty Group

Posted by: AT 11:46 am   |  Permalink   |  Email
Monday, August 18 2014

In our last article we started the conversation about how to prepare a home for sale – these tips can be completed in an accelerated time frame or spread out if time allows.   Today we are going to be more focused on interior updates.  

Upgrades:

Don't assume you'll recoup every investment, especially when it comes to large upgrades. Pools are notorious for poor return on investment, as are other large home additions. If you're considering upgrading your home before putting it on the market, look to areas that are sure to make you money: kitchens and bathrooms, if tastefully done, will always add to the value of a house.

Fireplaces:

Fireplaces appeal to a large majority of buyers, but changing out the aesthetics of a fireplace can either be a great investment opportunity, or drastically lower a buyer's interest.  It's best to take trends into consideration when making updates or changes to a fireplace -- painting over exposed brick can be a huge deal breaker for some buyers.  Consider adding a mantle or updating the existing mantle as a low cost but very visually appealing change. 

Old Appliances:

Potential buyers look at the appliances in a home to gauge their age and how well they've been taken care of. Appliances play a large part in any home, and if they are old, outdated and no longer working can create hesitations in potential buyers. If it's a classic that still works, don't worry about replacing it; if you can't get the door clean, or the oven temperature doesn't rise above 350 degrees, it's probably time to replace it. There's no need to go all out on the latest and greatest technology either -- while a beautiful stainless steel fridge might be alluring, it's likely you won't recoup the cost through the home sale, and it's more likely you'll want that classy fridge in your new home.

Deep Cleans and Small Stuff:

Most buyers have an eye for the small details of a house. An initial deep clean of the house, and continued maintenance thereafter, shows potential buyers that the house has been maintained. The small details matter: windows and window tracks, light switches, molding, a garbage disposal, tile, grout, sinks, ovens and appliances are all looked at by buyers. Make sure these items are not overlooked when the house goes on the market -- potential buyers will appreciate the time you took to address them.

Hard to Clean Surfaces and Floors:

Buyers always look at the floors and counters in a potential home, and these surfaces can be huge selling points. If the counter tops are stained, hardwood floors scratched up, carpet damaged, or the tile is breaking, consider cleaning or finding a quick replaceme

nt. If a solid counter top is stained, a buyer will no doubt see dollar signs. If you have hardwood floors, some products can actually dull the wood over time. If the wood needs a little TLC before the house is listed, consider having the floors buffed -- this will add some life, and buyers will see that they've been cared for.

Small Spaces:

Kitchens and bathrooms are undoubtedly some of the biggest selling features of a house.  If either of these areas is small, consider revamping to make them look larger. A small bathroom with no windows is going to look like a cave if the color scheme is on the darker side. Bigger in a small space is always best -- stick with neutral, light colors to help make the room look larger. Update any light bulbs that are reaching the end of their life; upgrading to a higher wattage or lumen can help enhance a small area too.

Trends:

Trends can be quite alluring for those looking to dabble in interior decorating. Some buyers like trends, but the majority of buyers look for classic, neutral colors on walls and fixtures. While a chevron pattern may be the perfect accompaniment to your current sofa or bedspread, most buyers will see the pattern, when applied to walls, as a potential paint job. If you're considering listing your house, consider accessorizing with drapes, pillows and some pictures. These are simple ways of adding personality, and buyers will appreciate a neutral color scheme on the walls.

Selling a home is a large task, and every seller hopes to make money on their home sale. Prepping your home before a sale will always result in better viewings and interested buyers, and the end result will be a happy seller and an even more excited buyer.  Contact us and we will be happy to discuss preparing your home for sale. 

Helping you sell your home is our goal,

Getting you through the process is our expertise!

                                      Reechia & Keith Powell

Powell Realty Group

Posted by: AT 05:00 pm   |  Permalink   |  Email
Wednesday, August 13 2014

We are in the middle of summer -- one of the busiest times for any real estate market!  Here in the Plano area is no different; our market is very active right now and being that your home shines is as important as ever!   As the old saying goes, you only get one chance to make a first impression.   Getting the most for a home is always a seller's top priority; we want to present some tips and tricks to help you achieve your goal of selling your home quickly and for top dollar.   

Paint Color:

When choosing an exterior paint color, stick with what's popular in the neighborhood, goes well with the surroundings of the area, or fits the style of the home. Picking a paint color that is not common or completely clashes with the rest of the neighborhood is a very risky decision; when it comes to paint, choose safe colors for the biggest return on investment. The same should be considered for interior paint -- big, bold, bright colors might work for your current design scheme, but when buyers walk through a home, and the main living space is four different colors, it's likely all they'll see is dollar signs and time spent repainting.  Choosing interior colors that do not distract from the size of rooms is vital – when potential buyers leave your home you want them to remember many other things than the color of the walls. 

If it has been several years since you painted the interior of your home you may want to consider giving the main living areas a fresh coat of paint before putting your home on the market!  Fresh paint, especially a neutral color, will help your home shine.  Painting can be an inexpensive way to freshen your homes appearance.

Landscaping:

Landscaping can make or break a home sale – remember when someone drives up to your home for the first time, the first thing they see is your front yard landscaping! Take time to trim trees and bushes; be sure that sidewalks and driveways are free from overhangs.  You want potential buyers to be able easily navigate the path from their car to your front door.  Mow and trim the yard frequently, a well-kept appearance outside creates excitement as they enter your home.  Plant some colorful and long blooming flowers. 

The Front Door:

The front door is one of the first things potential buyers see, they may stand there a few moments and have time to notice flaws.  Be sure the paint color is fresh and free of cobwebs.  The hardware should look new, not rusted or in need of repair.  Make sure the key and lock work easily.   A strong and visual front door can leave a great first impression to potential buyers.  A doormat and possibly potted flowers can add to the welcoming feel of your home.   

In our next post we will share some interior tips and tricks.   

Helping you sell your home is our goal,

Getting you through the process is our expertise!

                                      Reechia & Keith Powell

Powell Realty Group

Posted by: AT 03:09 pm   |  Permalink   |  Email
Wednesday, August 06 2014

We have talked recently about how to get clean lines when you paint and we have even discussed paint colors, today we are going to talk about a new trend we are seeing more and more - chalkboard paint!  

As Grandparents we see this as a fun trend, as Realtors we realize having some chalkboard paint in your home helps give a modern look to your home! Adding chalkboard paint is as easy any paint project, and it is as easy to change when your children or lifestyle changes.   

Here are some fun ideas we have seen:   

Helping you sell, buy or decorate your home is our goal,

Getting you through the process is our expertise!

Reechia & Keith Powell

Powell Realty Group

Posted by: AT 01:11 pm   |  Permalink   |  Email
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Reechia Powell Realty Group
301 S. Watters Road #100
Allen, TX 75013
Phone: (972) 979-9978
Email: Reechia@Reechia.com

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