House Hunting in Waco Can Offer Surprises

April 6, 2018
A couple of weeks ago the Realtor website ran a 90-second video about How to Buy with a core message that could be helpful to anyone who has set about house hunting in Waco. The theme was about the value of compromise—not insisting on a rigid checklist of predetermined criteria to be the be-all/end-all for house hunting ventures. That’s practical advice to keep house hunting budgets in line with reality. The four requirements for which flexibility was advised were: Location Space (square footage) Yard size Architectural style Although too much…
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Tags: house hunting, real estate, REALTOR®, sellers, waco,

Thank the NAR®: A Quiz for Waco First House Buyers

March 26, 2018
My organization—the National Association of Realtors®—offers a wide range of guidance for Waco families who have decided it’s time to land their first house. With more than a century’s worth of experience, you’d expect nothing less. Last week I happened across an article the NAR had distilled that looked like a must-read for anyone who is just starting out on the path to buying their first Waco house. Its title was “8 Critical Things to Do Before Buying a Home”—but it could just as well have been “8 Critical Things…
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Tags: buyers, buying a home, first-time buyer, NAR, real estate, REALTOR®, waco,

4 Home Buying Steps (with Some Adjustments)

March 2, 2018
What a simpler world it would be if Waco home buying could be reduced to anything like a simple 4-Step process. Even better if those were four easy steps. Actually, without actually coming out and saying so, that’s the tantalizing prospect hinted at on radio financial guru Dave Ramsey’s web site’s “Home Buying Process Made Easy.” Ramsey is the likable media expert in household budgeting and financial planning. A good deal of his guidance could be summed up in just 2 steps: 1) get out of debt (except for mortgage…
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Tags: buyers, buying a home, home buying, real estate, REALTOR®, waco,

Selling Your Tenant-Occupied House

February 21, 2018
Even investors whose Waco rental homes have served long and well as income-producers can eventually decide it’s time to sell. Given today’s tight housing inventories, the current market does stack up as one where selling your tenant-occupied house can be a timely financial move. But if that is under consideration, what should you do about the current tenant? Is it better to wait until the current lease expires—so that the vacated property can be shown without having to deal with an inconvenienced (and possibly miffed) tenant? Or will it be…
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Tags: occupied, real estate, REALTOR®, selling, selling your house, tenant, tenant-occupied, waco,

A More Peaceful Approach for Setting Waco Asking Prices

February 9, 2018
Punxsutawney Phil may have decided to head back underground for a while longer, but since a roaring economy almost has to bring about an increase in prices, most expect Waco mortgage interest rates to start climbing up from their historically deep burrows. It may be that the specter of more expensive mortgage payments will launch this spring’s Waco selling season sooner than we would usually expect. If so, homeowners who plan to put their properties on the market will be confronting their own pricing issues right away—what’s the right asking…
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Tags: asking price, groundhog day, homeowner, pricing, real estate, waco,

The Super Bowl and Waco Real Estate’s Top 7 Parallels

January 29, 2018
Readers who check in here regularly know that every once in a while I’m moved to relate Waco real estate matters to various hot issues that are claiming the popular imagination. Such topics used to be called “water cooler talk” (but that was before we all started carrying water bottles around all day). So despite the fact that we may not gather around water coolers anymore, this the odds are that the leading topic of conversation won’t be the State of the Union or Waco high school basketball. I’m guessing…
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Tags: football, real estate, Super Bowl, top 7, waco,

Waco “Listing Stalking:” a Sport with Wide Appeal

January 12, 2018
It was right there in the entirely respectable Architectural Digest’s site: an article championing late-night stalking. Happily, it wasn’t the kind of stalking that winds up in a courtroom. The non-crime being confessed to on AD was writer Isabel Galupo’s “addiction” to late night stalking…through the real estate listings. The author admits to not being at all ready to actually buy a house. She is terrified by the prospect of permanent roots and doesn’t even really understand how a mortgage works. Thus, her nightly browsing is strictly recreational. She can’t…
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Tags: buying, listing, real estate, selling, stalking, waco,

Choosing Smart Improvements for Waco Homes for Sale

December 15, 2017
For local homeowners whose Waco homes will be up for sale in 2018, there’s bound to be some consternation regarding how much time, effort, and budget need be directed to the project. In addition to formulating a timetable for extra maintenance in areas where signs of undue wear and tear stand out, there’s the question of whether more ambitious projects are called for. Often, a fresh coat of paint or some deep steam cleaning can make a real difference in how well Waco homes for sale show, but those are…
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Tags: home improvement, homeowner, real estate, remodel, seller, smart, waco,

Best of the 5 Seasons for Buying Waco Houses

November 16, 2017
If you are a well-organized prospective Waco house buyer, you have been weighing many factors as you prepare to start serious house hunting. One of the factors to consider is seasonal: that is, which of the five seasons is most favorable for buying a house? It’s a fact that the most heavily favored among the seasonal choices is the traditional “peak selling season,” Spring-into-summer is the traditional busiest period for Waco residential activity—and logic dictates that there must be persuasive reasons why so many Waco house buyers opt to make…
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Tags: buying a house, home buyer, house hunting, real estate, season, top 5, waco,

For Waco Home Buyers, an Earnest Money Safety Net

October 18, 2017
When a young Waco home buyer first hears the term “earnest money deposit,” the words alone pretty much explain the general concept. But I make sure to clarify the details before we begin to put together our offer. The purpose of the earnest money deposit is to assure the seller that this is a buyer who is serious about completing the sale. If the seller does accept the offer, the earnest money is held in trust until it can be applied to the ultimate sale. Since this deposit is a…
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Tags: deposit, earnest money, home buyer, purchase, real estate, safety net, waco,