Relocity Real Estate, LLC

There’s been a lot of talk and chatter about this in the media the past few months. We thought it was worth sharing.

Cape Cod Couple Blame Pickleball Court for Failure To Sell Their Home: How the Popular Sport Could Affect a Sale Pickleball is wildly popular, but homeowners who live near pickleball courts are complaining about the noise and the impact on home values.

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Virtual tour for 10921 Colonial Heights Lane, Fort Worth, TX 76179 | $1,695 | 1019.00 Sq.ft | 3 Bedrooms Vicki Smith. Mobile: (817) 307-6733 | Relocity Real Estate LLC | (817) 307-6733. MLS #: 20691178. Cape Cod home in master planned community. Amenities include: pools, pocket parks, playground, fishing pond, and sports field. This home is conveniently located within walking distance of amenity center...

Purchasing a home is one of the most significant financial decisions you will make in your lifetime. To ensure that you're making a well-informed and advantageous investment, it's crucial to undertake thorough research and preparation before placing an offer. Here are essential steps to consider:

1. Get Pre-Approved

2. Research the neighborhood

3. Set a budget for your offer.

By following these guidelines and conducting comprehensive due diligence, you can approach the home buying process with confidence and make an informed decision when placing an offer on a property. Remember that thorough preparation is key to achieving your homeownership goals and securing a successful real estate transaction.

With spring right around the corner, we wanted to provide you some useful spring cleaning tips to help keep your house in tip top shape.

Saving for a down payment of a house can be challenging. Especially when costs have risen faster than expected. While it can be tough, it is not impossible. Here are some tips that can assist you in your home buying journey and make 2024 the year you become a home owner.

1. Build a budget.
- Calc your monthly take home pay
- Factor in re-occuring expenses
-Find expenses you can live without

2. Downsize your expenses
-Once you have a budget in place, you can identify areas where you may be able to trim the fat. By reallocating those funds toward your home savings, you may be able to purchase a property even sooner.

3. Pay off Debt
-Debt can be expensive and hold you back from other financial goals. “Paying off high-interest debt should be a top priority,” says Jamie Curtis, a global real estate advisor at Sotheby's International Realty. This is especially important for high-interest debts such as credit cards, which can have interest rates well into the double digits.

If a chunk of your monthly income is going to high-interest debt, consider focusing on paying down your balances first. By refinancing or eliminating these debts, you can potentially save thousands per year, which you can then allocate toward your home savings.

4. Ask for a raise/ switch jobs
-Sometimes, cutting your household expenses isn’t enough. Or it might not be realistic. Finding ways to make more money is also helpful, and there are a few ways to go about it.

First, consider asking for a raise. If you’ve been in your position for a while without an increase in pay, and you can make a good case (maybe you recently reached a big milestone or helped the company save money), this may be the most effective route. You might also consider asking for a promotion if you’re willing to take on additional responsibilities or roles in exchange for higher pay.

If your employer denies your request or there isn’t room in the budget for a pay increase, you might want to look for a new job that pays more.

5. Look for other ways to earn.
-Aside from your day job, there are also ways to amplify your earnings (and boost your savings efforts) on the side.

Taking on a side hustle has grown in popularity in recent years. About 10% of workers today say that they have a side gig in addition to their primary job. To earn extra cash, consider taking on an additional part-time job, doing freelance work, monetizing your hobby, or even renting out your car or a room in your home. Just be sure that whatever you choose wouldn’t present a conflict of interest or breach any noncompete agreements you signed with your current employer.

More and more people are moving to the DFW area. But when looking for a home, there are always things you should look at to make your home buying experience worth it. Here are some tips that you can do to enhance your purchase.

Also, here is a report stating how DFW is the #2 in the US regarding number of sales via RE/MAX:

In the latest RE/MAX National Housing Report for January 2024, Dallas-Fort Worth ranked second in the U.S. market with the biggest increase in year-over-year sales percentage. Home sales totaled 5,208 in January 2024, up from 4,560 homes sold in January 2023 resulting in a 14.2% increase. Coming in first place was Salt Lake City, Utah at 20.0%, and Las Vegas third with 12.4%.

“Our market is strong because of people moving into the Dallas area,” Mark Wolfe, president and owner of Re/Max DFW Associates, told WFAA “We have a significant amount of people moving in from other parts of Texas, California and all over the nation."

The report also concluded that the median sales price stood at $405,000, reflecting a 5.2% increase from January 2023, while the average close-to-list price ratio remained steady at 98%. Additionally, homes in the 50 metro areas surveyed area took an average of 45 days to sell, three days fewer than in January 2023.

According to RE/MAX, an uptick of newly listed properties hitting the market means prospective homebuyers should have more options to choose from in their house search.

Today's environment putting a dampen on many people's plans to move or to adjust to a growing family. But by using our services, we can show you how not only your future can be secured with expert help and advice tailored for your situation. Give us a call and we can discuss next steps to either purchasing or selling your current home. Give us a call at 817-683-3819

Here is something interesting, back in 2006, the average home buyer lived in their home for an average of 7 years. Since then, we have increased each year, with the peak being in 2020, with the average tenure being 13.4 years on average. Today, the average tenure is almost 12 years, almost double of 2006.