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Buyers Information & Guide
Make Your Next Move With a Dallas / Ft. Worth Elite Realtor at Texas Elite Team
Looking for Homes in DFW? We’ve Got You Covered!
Ready to explore homes for sale in the DFW Metroplex? Let us handle the details for you. From negotiating unbeatable deals and spotting those hidden gems others might miss, to managing all the paperwork and uncovering properties that aren’t listed online—we’re here to ensure you find your perfect home with ease.
Maximize Your Home Buying Experience
with a Strategic Plan
Buying a home is likely one of the biggest personal investments you'll ever make. To secure the best deal with minimal stress, being organized and proactive is key. Start by laying a solid foundation for your decision-making process.
First, determine your budget. If you're unsure about what you can afford, seek pre-approval from a lender. This step will clarify your price range, giving you a clear idea of what homes are within your reach. Pre-approval also eases the home-buying process by providing certainty about your financing, including your loan amount, interest rate, monthly payments, and down payment. This way, you can focus on homes that truly fit your budget, avoiding the disappointment of falling for properties outside your price range.
Next, consider your ideal location. Think about factors such as:
* Convenience for all family members
* Proximity to work and school
* Neighborhood safety and crime rates
* Access to public transportation
* Types of homes available, such as condos, townhomes, co-ops, or new constructions
By carefully planning and addressing these key points, you'll streamline your home-buying journey and make more informed decisions.
Why Getting Pre-Approved Is
Your Key to Finding Your Dream Home
In today’s competitive market, the old approach of house hunting first and getting pre-approved later just doesn’t cut it. To truly stand out and secure your dream home, you need to get pre-approved before you start shopping.
Pre-qualification is a preliminary step where lenders give you an estimate based on general information about your finances. However, pre-approval is a much stronger position. It involves a thorough review of your financials—credit report, employment verification, assets, and more—so you know exactly how much you can borrow.
A pre-qualification letter doesn’t carry much weight compared to a pre-approval. Being pre-approved shows sellers you’re a serious buyer with confirmed financing. It enhances your credibility and demonstrates your ability to follow through on an offer.
Make sure you get pre-approved with a reputable lender. This includes banks, mortgage brokers, credit unions, and established online lenders. Steer clear of lenders who are disorganized, uninformed about current rates, or unable to provide clear information.
Getting pre-approved with a trustworthy lender sets you up for success and gives you a competitive edge in the home-buying process.
Why You Should Not Make Any Major Credit Purchases
Don’t go on a spending spree using credit if you are thinking about buying a home, or in the process of buying a new home. Your mortgage pre-approval is subject to a final evaluation of your financial situation.
Every $100 you pay per month on a credit payment could cost you about $10,000 in home eligibility. For example, a car payment of $300/month could mean that you qualify for $30,000 less in a mortgage.
Even if you have accumulated enough savings, you should consider not making any large purchases until after closing. The last thing you want is to know that you could have purchased a new home had you curbed the urge to spend.
Why You Need a Dedicated, Experienced Agent
Choosing the right agent can make all the difference in your home-buying journey. You want someone who’s proactive, keeps you informed, negotiates aggressively, and swiftly addresses all your questions.
Opt for an agent who exclusively represents you—not the seller. This is crucial during negotiations, as your agent will keep your top choices confidential and work to secure the best price for you.
A buyer’s agent has access to more properties, including those listed in the Multiple Listing Service (MLS) and even homes not yet officially on the market. Their network and expertise ensure you have the best opportunities to find your perfect home.
Considering For Sale By Owner ?
Considering FSBO? Here’s What You Need to Know
FSBO which is an acronym for...For Sale By Owner and it is pronounced fizz-bow. FSBO means the Seller is selling their home without a real estate agent, in the hopes of potentially saving the compensation normally paid to an Agent. While the amount you compensate a Real Estate Agent might seem small, it can add up, especially with higher-priced homes.
But before diving into FSBO, consider the hidden costs.
Only a small amount of FSBO sellers succeed, and many end up accepting lower offers than they would with an agent. "Only 7% of homeowners sold as a FSBO over the last year—which matches the all-time low recorded in 2021", according to (NAR) National Association of Realtors data. FSBOs continue to not fare as well in the market as professionally represented homes: FSBOs sold at a median price of $310,000 in the last year, compared to $405,000 for listed homes, NAR’s data shows.
Selling FSBO requires significant time and effort—marketing, advertising, inspections, paperwork, showings, and more.
Professional agents have the advantage of MLS listings and a broad network, helping your home reach more buyers and often sell faster.
Before deciding to sell as a FSBO, weigh how much time and effort you can invest and whether you need a quick sale.
Link to the Full Story below
Buyers Guide
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on Your Home
“Tricia Madrid is a one-of-a-kind! Job beyond well done! ”
Tricia Madrid is a one-of-a-kind! Tricia went above and beyond with the amount of time she has spent in assuring my family find our, “forever home.” She listened to and addressed all of our needs and wants. Tricia wasn’t in this for just a, “quick sale.” Her knowledge, expertise and professionalism is unmatched. Choose to be represented by Mrs. Madrid, you will not regret for one second that you did. Trust the process and Tricia. If I could give 10 plus stars, I would. This agent deserves all the accolades and recognition. She is truly an outstanding agent. I’m blessed and fortunate to have had her by my side every step of the way. Thank you so much Tricia. Job beyond well done!
Daniela M Vasquez - July 2022
Learning About Real Estate
Why Choose Us for Your Dallas / Ft Worth Real Estate Needs?
When it comes to real estate in DFW, experience sets us apart. Our team brings a wealth of local and general market knowledge, helping buyers and sellers save money, achieve their goals, and find true satisfaction with their properties.
At Texas Elite Team, we streamline the buying and selling process, making it effortless for you. We’re a down-to-earth group of top DFW Metroplex team members dedicated to guiding you every step of the way. Forget about the stress of a complicated transaction—our efficiency and expertise ensure a smooth, straightforward experience. Discover what makes us stand out and why our commitment to service is unmatched!
Give us a call today to chat about your situation! (682) 777-3950
Give Us A Call Today!
(682) 777-3950
There are certain things when searching for your new home that you should research on your own. I have added an article from Realtor.com that explains some of the information that you will need to research yourself and the reasons why.
Because some of these things are complicated conversations to openly discuss I have decided to provide you will details to make your search for the answers a little bit easier. Please see the links below.
Crime data: https://crimegrade.org or https://www.city-data.com/crime/index.html
School data: https://www.city-data.com/schools-dirs/schools-TX.html or https://www.schooldigger.com
City data: https://www.city-data.com/city/Texas.html
Serving DFW Metroplex
TEXAS ELITE TEAM
Texas Elite Team
4314 Blossom Valley Lane
Richmond, TX 77469
Phone: (682) 777-3950
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MLS Information Deemed Reliable But Not Guaranteed. This information is being provided by the NTREIS MLS. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
TEXAS ELITE TEAM is a licensed Agent in the state of Texas and is a leading authority on DFW Metroplex, Our love for the communities we live and work in are why we do what we do. Stop by the office and experience the Texas Elite Team way of DFW area real estate.
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