Attention Realtors: Something to think about. As you know some cultures don’t wear their shoes inside the home. Be aware of this when you have an appointment. If you see shoes by the door take a hint, just remove your shoes when entering the home. You are showing respects for another person’s home. I always pay attention to this and you should too!

THE DAWSON TEAM

WILLIAM DAVIS REALTY / DFW

17732 PRESTON RD. #100, DALLAS, TEXAS 75252 PH: 972-661-1498

Website http://RoyDawsonHomes.com   
E-mail Roy@RoyDawsonHomes.com

THE DAWSON TEAM

WILLIAM DAVIS REALTY/DFW

17732 PRESTON RD. #100, DALLAS, TEXAS 75252

PH: 972-661-1498   FAX: 972-761-1905

Website www.RoyDawsonHomes.com    E-mail Roy@RoyDawsonHomes.com

Two very common words floating around the mortgage industry these days are prequalification and pre-approval. When applying for a new home loan, knowing the difference between these two terms can save you a lot of time and headaches.

Prequalification is an unofficial estimate of how much house you can afford. A loan officer will make an educated guess about your ability to buy a home based on your verbal or written submissions of income, finances, and credit history. Lenders will not generally pull your credit report during this evaluation. They will calculate your debt-to-income ratio and write you a letter of prequalification stating how much you should be able to borrow. This process is usually free, but it does not give you any real credibility with lenders or sellers. The prequalification is based on vague figures and does not take into account all your financial factors. Also, many mortgage websites today offer on-line prequalification assessments so that you’re not even required to speak to a live person to get pre-qualified. The main benefit of prequalification is getting a general idea of how much you can afford.

Pre-approval on the other hand really carries a lot of weight in the mortgage and real estate industry. In order to be pre-approved for a loan you must sit down with your preferred lender and provide them with documents such as tax returns, bank statements, and business licenses among others. Lenders will analyze these and other information gained by calling your employer and pulling your credit report. (The fee for pulling your credit scores may be the only cost you pay in the pre-approval process.) They will then produce a pre-approval letter that certifies that you have the resources to afford to buy a home for a certain amount. The pre-approval letter will also usually specify the interest rate you’ll pay for borrowing such a sum. Sellers love buyers who are pre-approved because they have proof that the buyers have financial backing and are prepared to pay the required amount. In real estate hot spots, some sellers won’t even consider offers from buyers without pre-approval letters.

So if you are just in the preliminary stages of finding a home, you may want to surf the internet and find a pre-qualification calculator to get an estimate of your general price range. If you are more serious about buying, however, you should definitely seek out a mortgage professional

that can help you get pre-approved. Call us for a referral. 972-661-1498

THE DAWSON TEAM

WILLIAM DAVIS REALTY / DFW

17732 PRESTON RD. #100, DALLAS, TEXAS 75252 PH: 972-661-1498   FAX: 972-761-1905

Website www.RoyDawsonHomes.com    E-mail Roy@RoyDawsonHomes.com

Why the customer is always right...

The tricky thing with customers is that there comes a time where you have to decide if you want the future business of the customer or not.

Some business has no interest in the future business of any of their customers, and treat them all like dirt. On the other end of the spectrum you have small businesses going almost belly up because they accept any and all behavior of the big factory uptown which is responsible for 80% of their business. And you have supermarket managers telling customers on a daily basis not to come back to the store

You don't have to take everything from everyone.

You're in business. And in business you don't have to take every deal. You can draw the line at abusive behavior by the customer. You can draw the line at customers lying to take advantage. You can draw the line at customers stealing. In fact, you can draw the line anywhere you want. There are stores not letting people in because they don't look rich enough. Fair enough, if they don't expect them to get in later when they do.

In your business, discuss when you do not longer want a customer. So everybody in the business knows that the customer that crosses the line is no longer called a customer. But the tricky thing is not to assume anything. Don't assume that the Hell's Angel just coming into the store is going to be rude or steal. But when a customer actually does cross the line, you can tell them that you no longer want their business. And at that point, they cease to have the right to be right.

Yes. The customer is always right. But not all customers need to stay customers.

THE DAWSON TEAM

WILLIAM DAVIS REALTY / DFW

17732 PRESTON RD. #100, DALLAS, TEXAS 75252

PH:972-661-1498   FAX:972-761-1905

Website www.RoyDawsonHomes.com    E-mail Roy@RoyDawsonHomes.com

Buyers reluctance to signing a Buyers Representation Agreement

Dear Jane,

I’m not quite sure of your reluctance in signing a buyer representation agreement, It is for your protection. Technically without the agreement the agent represents the seller, not you. The agreement creates a fiduciary relationship between agent and buyer at the highest level. In addition among a lot of other things we don’t need to go over at this time it creates confidentiality between agent and buyer. You are disclosing to agent some information you want held in confidence but without the agreement the agent is under no obligation to keep your personal information confidential with the sellers agent. You are a huge disadvantage without an agreement. Further you pay nothing for a buyers rep agreement as you know the seller pay the commission. A buyers rep agreement is a standard form but I go one step further. I have a grantee. If you are not happy with my services FIRE ME AT ANY TIME. So please reconsider the agreement, if not with me be sure to have an agreement with someone. Lastly an agent showing homes without an agreement would say to me the agent is not serious about working with a client. You indicated you were not happy with the other agent with not be available among other things so if a great deal comes across today you cannot act on it but that is your choice. My goal is to be straight forward, honest and to the point by finding you a great home at a great price. My recommendation to you is to focus on the gateway, it will know provide you the new listings that show up. You will be the first to see them now. You can look me up on Google. Just type in Roy Dawson Realestate to read more about my services. Thanks, Roy

I had 75 people come in just because of the sign. It doesn’t need to be a bank repo. I do at least prefer it to be vacant. I just sell them on a new buying strategy. Buy a bank repo or vacant house. I further state I have systems in place to identify a great buying opportunity for them. This gets the hook into them. It starts a conversation. If you use this simple technique you will have a successful open house. No more hum drum boring open houses. I also have my lender at the open house. This really helps. You can do the same, try it, thanks

Yes I use my youtube channel for marketing my homes and listings. You should too. I have over 1.2 million views. I make a simple video of my listing. I edit it with Pinnacle software. I narrate and add music so to keep it interesting. My channel has all my realtor info, including web address and more. Never thought in a million years Google would pay me money for my channel. I receive about $200-$400 a year for my videos that have ads on them. Now you should do the same. Do not just rely on your virtual tours. Do more and get paid to do it with more sales, listings and buyers!

 Here is my link to my site: http://www.youtube.com/user/rdawson55?feature=mhum

TO PAINT OR NOT TO PAINT, THAT IS THE QUESTION ON A HOME?

If you are a Realtor or home owner and you are going to sell one issue always comes up with home that are between 20 to 30 plus years old. Paint the fake wood paneling or just leave it alone. Some say paint it and others say leave it, let the buyer decide later? Does anyone have a definitive answer to this question?

 Please advise, Thanks

Without the correct pricing to attract buyers to the property, you’ll never have a chance to show off the location and condition.

In a buyer’s market, realestate becomes a commodity-and the only defining feature of a commodity is its price.

Only properties in good condition and priced right will sell in a buyers market.

Price can correct bad condition-but condition won’t correct a bad price.

In a competitive market, buyers have a lot to choice from and will not even look at overpriced properties, let alone make an offer on them.

All borrowers who use the FHA Mortgage have to pay a fee of 2.5% of the loan amount which is added to the loan amount. On a typical mortgage amount of $150,000 X 2.5%=$3,750. It will now go to 1% or in this example $1,500 added to the loan amount. This is good news for the consumers. The new rule goes into effect on October 4, 2010.

WILLIAM DAVIS REALTY / DFW

17732 PRESTON RD. #100, DALLAS, TEXAS 75252 PH: 972-661-1498 FAX: 972-761-1905

Website www.RoyDawsonHomes.com E-mail Roy@RoyDawsonHomes.com
Join my Facebook fan page.
www.tinyurl.com/facebook-roydawson
See all my listings on Youtube
http://www.youtube.com/user/rdawson55?feature=mhee

BLOG’S BLOGER’S WILL BE TAXED ON BLOGS WRITTEN TO THE INTERNET AT 2.38 CENTS PER 100 WORDS. STOP THIS. CALL CONGRESS

In fine print in the Health Care Bill was written in that all Blogs, Blogers will be taxed 2.38 cents per 100 words written on the internet.

Congress created the new Nation Blogs Clearing House to collect the fees, called the NBC for short. Not to be confused with  the NBC Television Network which stands for Nothing But Commercials (NBC).

Steve Jobs President of Apple was extremely pissed saying "We have over 300 million users, and we can't respond to this new tax venture unless more money was on the table.  Job’s further stated PLEASE Leave us alone.

When complete MS windows update program will collect the fees straight from your computer on an immediate basis. You simply put more money into your NBC account. Paypal also has its finger in the pie by holding the cash for all NBC users. You will be required to have a minimum amount of $10 to Blog worldwide if you live in the United States.

If you feel this is not right, please contact your congressman at

http://Stop.The.Blog.Tax.com   Thanks for your support

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If you agree or disagree please comment ASAP

WILLIAM DAVIS REALTY / DFW

17732 PRESTON RD. #100, DALLAS, TEXAS 75252 PH: 972-661-1498 FAX: 972-761-1905

Website www.RoyDawsonHomes.com E-mail Roy@RoyDawsonHomes.com
Join my Facebook fan page.
www.tinyurl.com/facebook-roydawson
See all my listings on Youtube
http://www.youtube.com/user/rdawson55?feature=mhee

Short term Notice Showing Tips For Selling a home. They are coming by in 15 minutes to see the house!

Your agent is bringing a potential buyer to your home in 15 minutes. What can you do to make your home presentable in such short time? Follow these quick tips to get your home ready for its best showing when you have 30 minutes or less.

Start at the beginning:

• Make sure that the front door presents well.
• Sweep steps, if needed.
• Pick up any toys, tools or other out-of-place objects and store them away quickly.

Head inside:

• Open window treatments and turn on the lights.
• Put any dirty dishes in the dishwasher.
• Make the beds.
• Put any dirty laundry inside the washing machine.

If you still have time:

• Quickly run the vacuum and/or sweeper to give carpets and floors a fresh look.
• Wipe down counters and tabletops.
• Warm some vanilla on the stove or have cookie dough ready to put in the oven to give the house a welcoming scent.

It would be wonderful to have your home in showcase condition 24 hours a day, but we understand that you live there. It is important to present your house in the best light and make it available to as many qualified buyers as possible.

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Now is a great time to buy. And, what's more, tomorrow will be a great time to own, because the fundamental strength of homeownership hasn't changed.

Why is now a great time to buy? Here are 10 reasons:

1. You can get a good deal. Prices are down 30 percent on average. They're at a level that makes sense for people's income.

2. Mortgages are cheap. At 4.3 percent on average for a 30-year fixed-rate mortgage, your costs to own are down by a fifth from two years ago.

3. You can save on taxes. When you add up the deductions for mortgage interest and others, the cost of owning can drop below renting for a comparable place.

4. It'll be yours. The one benefit to owning that never changes is that you can paint your walls orange if you want (generally speaking; there might be some community restrictions). How many landlords will let you do that?

5. You can get a better home. In some markets, it's simply the case that the nicest places are for-sale homes and condos.
6. It offers some inflation protection. Historically, appreciation over time outpaces inflation.

7. It's risk capital. If the economy picks up, you stand to benefit from that, even if you're goal is just to have a nice place to live.

8. It's forced savings. A part of your payment each month goes to equity.

9. There is a lot to choose from. There are some 4 million homes available today, about a year's supply. Now's the time to find something you like and get it.

10. Sooner or later the market will clear. The U.S. is expected to grow by another 100 million people in 40 years. They have to live somewhere. Demand will eventually outpace supply.

When is the best part of the year to sell a home?

Do you think it is from January to June? Or July through December

Well Statistics say the first 6 months but not by much as you might think

54% are sold in the 1st 6 months and 46% in the 2nd 6 months

WILLIAM DAVIS REALTY / DFW

17732 PRESTON RD. #100, DALLAS, TEXAS 75252 PH: 972-661-1498 FAX: 972-761-1905

Website www.RoyDawsonHomes.com E-mail Roy@RoyDawsonHomes.com
Join my Facebook fan page.
www.tinyurl.com/facebook-roydawson
See all my listings on Youtube
http://www.youtube.com/user/rdawson55?feature=mhee

Staging a House for Sale Benefits Everyone

Staging a house for sale is a marketing tool. Staging is merchandising. Staging is setting the best scene so the buyer sees the features of the house in the best light possible. A spotless, uncluttered staged home done in appropriate colors helps the buyer visualize living there. No one buys a home until they can see themselves living there. No One.

When a staged home sells everyone benefits. The homeowner sells quickly and gets the most money. The buyers can see what they're buying and easily move in. It's easier for the mortgage company to lend money to a good looking house that's staged, and the house is easily appraised. It all trickles down to the title company, escrow company and the neighborhood benefits . All this activity supports the real estate market, which affects and supports the economy.

At minimum I tell clients the 3 D’s to Staging

D-CLUTTER    DEEP CLEANING   D-PERSONALIZE

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You do not have to pay private mortgage insurance for the life of your home. Once you have reached 20% equity in your home by appreciation, improvements made to the home or paying down the principal balance of the mortgage, you can force the lender to cancel the private mortgage insurance.

Unfortunately, some homeowners unknowingly pay this insurance for many years after it is no longer needed and could end up paying an extra $5000 or even $10,000 or more in useless insurance premiums.

To force your lender to cancer private mortgage insurance, request in writing that the private mortgage insurance be canceled and provide the lender with proof that you have more than 20% equity. Some mortgage lenders will require 25% equity. The necessary proof of equity is usually a state certified appraisal on the appropriate form. The URAR-1004 uniform residential appraisal report is needed for single family homes.

Most lenders will require you to fill out a brief form. Since private mortgage insurance protects the mortgage lender against loss if a borrower stops making payments, the mortgage lender may also require you to have a good payment history. A good payment history usually means that you have not been 30 days late with your mortgage payment within a year of your request, or 60 days late within two years.

Private Mortgage insurance (PMI) Insurance Secrets

You do not have to pay private mortgage insurance for the life of your home. Once you have reached 20% equity in your home by appreciation, improvements made to the home or paying down the principal balance of the mortgage, you can force the lender to cancel the private mortgage insurance.

Unfortunately, some homeowners unknowingly pay this insurance for many years after it is no longer needed and could end up paying an extra $5000 or even $10,000 or more in useless insurance premiums.

To force your lender to cancer private mortgage insurance, request in writing that the private mortgage insurance be canceled and provide the lender with proof that you have more than 20% equity. Some mortgage lenders will require 25% equity. The necessary proof of equity is usually a state certified appraisal on the appropriate form. The URAR-1004 uniform residential appraisal report is needed for single family homes.

Most lenders will require you to fill out a brief form. Since private mortgage insurance protects the mortgage lender against loss if a borrower stops making payments, the mortgage lender may also require you to have a good payment history. A good payment history usually means that you have not been 30 days late with your mortgage payment within a year of your request, or 60 days late within two years.

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If you are planning to take back a second mortgage (tote the note) on the sale of your home or other property do a little simple underwriting on the buyer. Get a loan application, credit report, financial statement, 2 yrs of W-2 or other income.

In the note make sure you have a cross default clause, due on sale, non assumable, late charges and more. If you need an attorney that is familiar with the owner financing game call me to get you in touch with the best attorney referral possible at a very reasonable price in Texas.

WILLIAM DAVIS REALTY / DFW

17732 PRESTON RD. #100, DALLAS, TEXAS 75252 PH: 972-661-1498 FAX: 972-761-1905

Website www.RoyDawsonHomes.com E-mail Roy@RoyDawsonHomes.com
Join my Facebook fan page.
www.tinyurl.com/facebook-roydawson
See all my listings on Youtube
http://www.youtube.com/user/rdawson55?feature=mhee

One of the oldest ways of selling homes is the very traditional open house!  Makes sense right, open up your home for 2 hours on a Sunday and hope that buyers walk into your home and wants to buy it. The reality is less than 1% percent of homes in the United States; sell due to an open house! Wow, less than 1 out of a 100!  Then why are open houses still so well advertised and sought after by homeowners?  Realtors have done a poor job of explaining the concept and results of open houses.  Most Realtors will be a yes man to their seller. "You want list it for XYZ, OK."  "You want an open house, OK" The Realtors also like open houses for another reason: Exposure to Buyers.  This is the way most Realtors use to get in front of buyers, makes sense it is an opportunity to schmooze face to face with the buyer.  The reality is that buyers are too busy for open houses.  Serious motivated buyers are out looking at homes on the internet or working with their local real estate professional, not at open houses. So if you have reservation about people milling around your home, tire kickers, non qualified home lookers and more then pass on the OPEN HOUSE CONCEPT. If you do have an open house be sure to hide your money, valuables, prescription and more. Good luck with your selling experience.

You might be thinking you need to sell, but you owe more than you can sell it for! You are a few months behind on the mortgage, lost a job or other hardship.

A short sales can take a long time. 3 to 10 months or longer. If you don’t get it sold you eventually get foreclosed on. Nobody wins. What if you could sell it in 30 days. No red tape. No bank approval required. I specialize in homes around the DFW area. 

The concept is you can owner finance you home even with zero or negitive equity. Does not matter if the loan is non-assumable.

Call me to see if this program is for you. Roy Dawson with Keller Williams
972-661-1498.

If you prefer a Short sale call me. I am Short Sale Certified (SFR Cert)
If you are behind on the mortgage payments get me involved asap. We can stop the foreclosure process by communicating with the lender without the expense of hiring an attorney.

Important: If you can complete a short sale on your home it may only reduce your credit score by 50 points where a forclosure will result in a 200 point reduction. A sucessful short sale can get you back in another home with a loan in as little as 2 years.

If you are not in my service area call me refer you to a short sale specialist

Thanks,  

YOUR HOME SOLD IN 39 DAYS

OR I WILL SELL IT FOR FREE GUARANTEED

AGGRESSIVE 89 POINT MARKETING PLAN

We leave no stone unturned

It's simple; our goal is your goal- to get your home sold in shortest possible time frame and for the most amount of money with the least hassle. That's it. NO gimmicks, NO Hassle. Most agents have a 3 point marketing plan. They put the home in the Multiple Listing Service Database (MLS) put a sign in the yard and cross their fingers.

That is why we have an aggressive 89 point plan to get your home sold!

COMMUNICATION GUARANTEE

THE NUMBER ONE COMPLAINT ABOUT AGENTS BAR NONE IS COMMUNICATION WITH THE SELLER. MY COMMUNICATION GUARANTEE STATES THAT I WILL CALL YOU ONCE A WEEK AND IF I FAIL TO CALL I WILL PAY YOU $250 EACH TIME. I PUT MY MONEY WHERE MY MOUTH IS! $250.00

EASY EXIT LISTING AGREEMENT

I’m offering you a totally risk-free way to list your home!

You have the right to evaluate whether we deliver the service I promised, and the right to cancel your listing agreement with me at any point, with no fees, penalty or future obligations, if our team system fails to meet your expectations.

WILLIAM DAVIS REALTY / DFW

17732 PRESTON RD. #100, DALLAS, TEXAS 75252 PH: 972-661-1498 FAX: 972-761-1905

Website www.RoyDawsonHomes.com E-mail Roy@RoyDawsonHomes.com
Join my Facebook fan page.
www.tinyurl.com/facebook-roydawson
See all my listings on Youtube
http://www.youtube.com/user/rdawson55?feature=mhee