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Ronda Allen's Blog

By Ronda Allen | Agent in Amarillo, TX
  • Prosper, TX: It's a bargain basement sale on homes under $350k. Prepare yourself to act quickly!

    Posted Under: Market Conditions in Prosper, Home Buying in Prosper, In My Neighborhood in Prosper  |  September 25, 2010 8:55 AM  |  1,223 views  |  No comments

    If you have ever been to a bargain basement sale (picture ladies at a Vera Wang wedding dress clearance sale), you know the knock-down, drag-out, hair-pulling, foot-stomping rush that can happen when items of high quality are deeply discounted and in shorter supply.  That is the only way I can describe the Prosper, TX suburban housing market at this point in time.  Last year, it was first-time home buyers scooping up homes.  This year, our buyer market is heavier with investors - grabbing up flips and investment properties to convert to rentals.  Move-ups and move-downs are happening all over town.  And, retirees are looking to Texas as an affordable part of the country with great weather in which to live on a fixed-income comfortably.

    Exhausted yet?  We are.  The busiest price points we've had this year have been the under $350k price range.  Resale homes and builder specs are in shorter supply in these ranges, and people have to make up their minds and get these homes under contract quickly, or the home becomes yet another one that got away.

    There are certain things we're doing to help you get that home, and not lose that home, due to the competitive nature that exists in these price points at the moment.  I won't give them all way, but I do have a couple of tips to share that buyers may find helpful:

    1.  Put on your tennis shoes and see more homes than you normally would over the course of a day.  We have many people touring fewer homes, and touring for just one day rather than the traditional buyer who might search over 2-3 day period.  We can condense the search because we have fully interviewed the buyer and they trust us as their agent.  When you must move quickly, you must rely on the knowledge and expertise of the agent you consider the most knowledgeable in that market. 

    2.  Draft the offer in such a way that you have considered the possibility of competition.  Not giving away any trade secrets here, but you can draft a very attractive offer if you pay close attention to the terms.  The offer is the combination of the terms and the price.  Put a little more focus on terms and the offer that isn't necessarily the highest offer may come out ahead.

    3.  Have the agent bring the offer documents and sales comps for the area to the tour.  Also, you as the buyer should bring your checkbook and pre-approval letter from your lender on the tour.  Any wait for these items could cause you to lose the house.  I've drafted more offers on the back window of my car this year than I can remember in the last ten years. 

    4.  Hand-deliver the offer docs to the agent.  I've met agents at or near their office or home.  I've delivered docs to the parking lot of their kid's sporting event.  Whatever it takes to be the one showing the most motivation to make the deal work.  We want to show the other agent, just in case the offers are close, that we're the agent they want to work with.  Sometimes, it comes down to the agent advising their seller which agent is going to make a successful deal happen, and which deal might be more risky.  There are a lot of part-time agents out there these days.  The full-time agent, who can draft an offer mid-morning and get it to the other agent during normal business hours is sending a message that they are more focused on selling real estate. 

    Okay, so I may have exaggerated about the pushing and shoving, but you get the point...be quick this Fall if you are buying in Prosper, TX.  The old 'let us go home and talk it over' can lead you to lose house after house.  The sale comps and speed at which the neighborhoods are selling will speak for themselves.  Comps rule in our housing market, as I'm sure they do in all.  Trust the comps, offer as soon as you locate the home you want, and request a same-day response.  If the seller tries to stall overnight, I suggest you terminate your offer and move on.  If they're motivated to sell their house, they'll respond on time, or it will be up to them to chase you down to see if you are still interested in what they have to say.  The fully qualified buyer is still the hotter commodity everywhere, since there is still an adequate supply of homes in each price point.  What the seller doesn't know is that agents have two sources of available homes to sell right now in the resale market  -  Active and available properties in the MLS (the smaller pool), and EXPIRED attempts from 2008/2009 (the larger pool).  Finding a home for the buyer isn't a problem. 

    Now, start your home search in Prosper, TX (zip 75078) and have a blessed day!

    Ronda



    Ronda Allen - Realtor

    Certified Purchasing Manager - C.P.M.

    Short Sale and Foreclosure Resource - SFR

    Texas Affordable Housing Specialist - TAHS

    CEO of comingsoonhomes.com since 2005

    Activerain.com #1 Realtor in Prosper, TX (2010)

    RE/MAX Dallas Suburbs #1 Office for RE/MAX in the North Texas region 2009 and first half 2010!

    Follow us on twitter:  www.twitter.com/comingsoonhomes and http://www.twitter.com/prospertxhomes

  • Collin County Community Garage Sales: 17 April 2010

    Posted Under: In My Neighborhood in Collin County  |  April 17, 2010 8:03 AM  |  759 views  |  1 comment

    Really quickly, these are just the community garage sales that I passed on my way to the office this morning.  Go have fun, while I go show homes:

    Prosper
    Gentle Creek Estates
    (NOTE:  Come out and see me in Gentle Creek Estates from 11-1pm today while I hold open my listing at 2841 Creek View Ct.  Or, head over to Lakes of La Cima at 2pm and view my listing at 1201 Cedar Springs Drive.) 

    McKinney
    Virginia Hills
    Custer Creek

    Plano
    Ridgeview Ranch

    Enjoy your shopping!
    Ronda
  • Ronda Allen's Favorite Dallas Suburb Halloween Photo for 2009

    Posted Under: In My Neighborhood in McKinney  |  October 28, 2009 10:15 AM  |  1,191 views  |  No comments
    Realtors drive all over, and one of the perks of being out and about is seeing the decorations homeowners put out for Halloween.   This is a home in McKinney's Mallard Lakes and it's my favorite so far.  There are a few days left for others to bring their A-game to the Halloween festivities, so let's see if anyone can trump this one:

     

    This home is also currently up for sale and they have a raven sitting on top of the for sale sign.  Priceless!

    Happy Halloween!

    Ronda


    Ronda Allen-Realtor and Certified Purchasing Manager
    CEO of comingsoonhomes.com
    RE/MAX Dallas Suburbs
  • Living in Frisco Square

    Posted Under: In My Neighborhood in Frisco  |  June 11, 2009 10:13 AM  |  1,686 views  |  No comments
    Right off the North Dallas Tollway is the community of Frisco Square.  This concept started slow in the suburbs - loft living spaces above retail.  How very New York of Dallas!  This was a very odd concept to us in Texas.  But, we've warmed to it.  As other elements came to life in Frisco Square, the loft apartments got more popular.  As Pizza Hut Park started featuring musical acts, a new perk of residency sprung forth.  You can sit on the 3rd floor balcony of Frisco Square and listen to the concerts without a ticket! 

    Apartments range in price from the mid-$800's to around $1550.  The rooms feel larger than their square footage and their standard amenities are not basic.  High ceilings make the rooms comfortable.  Balconies are useable size.  Bedrooms are living rooms are spacious.

    Go see Kourtni Sharum at 8843 Coleman Boulevard and ask to tour the property.  Be sure to tell her that you read about Frisco Square on my blog.  The web URL for the site is http://www.friscosquare.com 

    There are new units under construction now.  the new units will be a little smaller, but there will be a large fitness facility, a full business center for the residents, and more.  Wouldn't you like your neighbors to include:
    Love-Peace-Popcorn
    Mattito's Tex-Mex
    Frisco Dental (Hi! to Dr Joey McElhaney and crew!!)
    Frisco Public Library (my absolute favorite library in the Dallas suburbs)
    Babe's Chicken
    and more coming everyday...
    (no movie theatre yet, but it is on their long-range planning map for the complex).

    Have a blessed day!
    Ronda


    Ronda Allen-Keith Dobbs Team
    Realtor and Certified Purchasing Manager
    RE/MAX Dallas Suburbs
    & www.comingsoonhomes.com
  • Reminder of Community Garage Sale this weekend in The Colony

    Posted Under: In My Neighborhood in Denton County  |  April 23, 2009 5:43 AM  |  1,200 views  |  No comments
    Just another blog reminder about the community garage sale in The Legends subdivision in The Colony (Hwy 121 and Morningstar will bring you into the neighborhood).  This is a big neighborhood, and they typically gets lots of participation from the residents.  My Sister lives in this neighborhood, so I always help out and bring my van without the seats, so I can help people haul their goodies home (so long as they live less than 20 miles away).  Come find my Silver Chrysler Town&Country Mini-van on Mountain Valley Drive if you need me, and you have to say the obligatory 'Help Me, Ronda!'.  No - never heard it - you are the first!  LOL.

    Come early and make the rounds a few times.  Some folks start early and others wait to see how many are participating and start later.  Know a first-time home buyer who is taking advantage of the current market conditions in 2009 by purchasing a home?  Come through for them and pick up what you know they're going to need.  Furnishing that first home does not have to be expensive.  We grew up as a military family with four kids - swap meets were a way of life for us in California - and now, they're a fun way to meet the neighbors and clear out the stuff we're tired of looking at in our own homes.  One person's junk is truly another's treasure.  

    Live in Collin, Denton, Dallas, or Tarrant County?  Have a community garage sale coming up?  Send me the location, directions, and the date and I'm happy to blog about it.  I reach an average of 1,000 people a day with my marketing on trulia.com.  

    TIP for homeowners:  If your home is currently listed, be sure to ask your agent to hold an open house during your community garage sale.  The combination is powerful!  It's easier to sell things you don't want to move to your new home, and it helps de-clutter and stage the current home for sale.  There isn't another day out of the year you'll have more people traffic in your neighborhood than on the day of your community garage sale.  The agent can be inside, you can be outside, and you can put flyers for your home sale into the bags your shoppers take away.  I took a friend who was a massage therapist out to my last garage sale/open house, and she gave free 1-minute chair massages to help grow her own local business.  Get creative and have fun with it.  Your neighbors know people who can potentially buy your home.   

    Have a blessed day!
    Ronda


    Ronda Allen, Realtor, Certified Purchasing Manager
    Keith Dobbs Team at RE/MAX Dallas Suburbs
  • Community garage sale this weekend in The Legends

    Posted Under: In My Neighborhood in The Colony  |  October 24, 2008 7:25 AM  |  1,130 views  |  No comments
    The Legends subdivision in The Colony is having their community garage sale on Saturday, October 25, 2008.  As we do every time, Joel and I will be renting a U-haul truck for the day to help people take their goodies home.  We'll have the truck parked at 5417 Mountain Valley Drive by 6am.  Get there early for the best deals.  This is a great neighborhood for events and we expect a lot of involvement, but they do tend to shut down around 2pm. 

    As always, comparative sale data for The Colony will be on-hand for anyone interested.
  • FAVORITE HALLOWEEN HOUSE PHOTO IN PROSPER, TX

    Posted Under: In My Neighborhood in Prosper  |  October 23, 2008 5:40 PM  |  1,120 views  |  No comments

    CUTE ENOUGH NOT TO SCARE THE LITTLE ONES TOO BADLY, BUT GOT MORE OMINOUS AS IT GOT DARKER AND THE ADULTS CAME OUT TO GIVE THE BIGGER KIDS A GOOD SCARE!  THEY THINK WE DIDN'T KNOW, BUT WE GOT THE SAME KIDS COMING BACK TIME AND AGAIN.  WE WENT THROUGH 40 BAGS OF CANDY!

    ONE SAFETY TIP - IF YOU HAVE STEPS IN THE FRONT WALK, USE REFLECTIVE TAPE TO HELP THE KIDS KEEP FROM TRIPPING.  WE HAD GREAT SUCCESS WITH THE TAPE AND MOST PARENTS POINTED OUT WHAT A GOOD IDEA IT WAS. 

    FOLLOW NOTE:  Thanks, Trulia!  This photo was one of the winners and the folks at Trulia sent goodies to the office. What a way to convert new agents to Trulia - they all want to ask me about it now.  This was fun.
 
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