National Parks and Recreation Month

fort-worth-1316471_1280When looking to move to a new home one of the most important items on the list is usually location. How far is it away from work, school, friends, or family? Is it close to shopping, entertainment, and parks? This month is Parks and Recreation Month and we are excited to share with you some of the amazing parks in Fort Worth and the surrounding areas.

Fort Worth is home to more than 200 city parks and public spaces citywide. There are plenty of neighborhood parks to choose from, along with the Fort Worth Botanic Gardens, dog parks for your favorite pooch, Log Cabin Village, the Fort Worth Nature Center & Refuge, and the Water Gardens (anyone see the movie Logan’s Run?).

The city of Arlington boasts over 90 parks and tons of activities for young and old. Looking for parks in a particular neighborhood? Try their Park Finder tool to learn about parks and their various amenities near your ‘hood.

The Dallas Park System is one of the largest municipal park systems in the nation with 381 parks totaling over 23,242 acres of developed and undeveloped parkland. Trails, disc golf, and skate parks – oh my! Dallas’ interactive map tool is a great way to explore all their parks and recreation system has to offer.

What makes your favorite park the best?

June 2017 Fort Worth Housing Report

According to the Greater Fort Worth Assocaition of REALTORS, Fort Worth home sales raised 7.5 percent to 1,308 homes in June 2017. The median price for Fort Worth homes increased 10.8 percent year-over-year to $210,900 in June 2017.

Fort Worth’s monthly housing inventory was 2.3 months in June 2017, 0.4 months more than the year prior. The Real Estate Center at Texas A&M University cites that 6.5 months of inventory represents a market in which supply and demand for homes is balanced.

Homes spent an average of 61 days on the market in June 2017, six days less than June 2016. Additionally, active listings increased 21 percent to 2,291 listings during the same time frame.

June 2017 Statistics At-A-Glance

  •          1,308 – Homes sold in June 2017, 7.5 percent more than June 2016.
  •          $210,900 – Median price in June 2017, 10.8 percent more than June 2016.
  •          2.3 – Monthly housing inventory in June 2017, 0.4 months more than June 2016.
  •          61 – Average number of days homes spent on the market in June 2017, six days less than June 2016.
  •          2,291 – Active home listings on the market in June 2017, 21 percent more than June 2016.June_2017_FW_Housing_Report

Lease Now, Buy Later

House puzzled (2)Red Team Real Estate is hosting a free home buying workshop for first-time or second-chance homebuyers on Saturday, July 29, from 9:30 a.m. to 11 a.m. Saturday’s workshop will take place at 909 W. Magnolia Avenue, Suite 2, Fort Worth, TX 76104. Anyone interested in learning the ins and outs of the home buying process is encouraged to attend.

The no-obligation workshop features industry professionals, Michael Mayes, Owner/Agent, Red Team Real Estate and Paul Duane, Mortgage Loan Originator, MiMutual Mortgage.

“We’ve spoken with many people who want to purchase a home but think they are too far away from making that dream a reality. Our Lease Now, Buy Later workshop allows current renters to gather information and make a plan, so when they are ready to move forward they are confident candidates. After attending our workshop some attendees find they are closer to home ownership than they realized.” said Michael Mayes, Owner of Red Team Real Estate. “The idea of buying a home is intimidating, especially for first-time buyers or those who may have fallen on hard times in the past. We enjoy talking about the home buying process, providing this free workshop to the community is a win-win.”

Attendees have the opportunity to learn about all aspects of the home buying process, including the true picture of renting vs buying, budgeting, savings tips, credit repair, securing mortgage financing, working with a Realtor, homeowners insurance, property taxes, closing cost expectations, and loan programs aimed to assist new and experienced home buyers.

Breakfast is provided for attendees by MiMutual Mortgage who will also be on hand to answer questions about available financing options including, FHA, Conventional, USDA, VA Loans, and more.

For more information, visit www.RedTeamRealEstate.com or register online. You may also call or email Jennifer Wilson at jwilson@RedTeamDFW.com or 817.921.3545 with any questions.

National Safety Month

Key in front door. Safety at home is more than a good lock on the doors and windows. June is National Safety Month and a great time to review your household’s safety plans. We encounter countless hazards in our daily lives at work and home. Often many of these dangers present themselves during mundane of tasks when we let our guard down (or our minds wander) which means they are mostly preventable. The National Safety Council has put together several articles about safety at work, home, and on the road to help you identify risks and how to take the proper precautions.

Find out how you can take steps to prevent the risks of poisoning, fire, falls, and more at home.

May 2017 Fort Worth Housing Report.

The Greater Fort Worth Association of Realtors released the May 2017 Fort Worth Housing Report this week. Fort Worth home sales raised 5.6 percent to 1,174 homes in May 2017. The median price for Fort Worth homes increased 12.8 percent year-over-year to $211,000 in May 2017.

Fort Worth’s monthly housing inventory was 2.0 months in May 2017, 0.2 months less than the year prior. The Real Estate Center at Texas A&M University cites that 6.5 months of inventory represents a market in which supply and demand for homes are balanced.

Homes spent an average of 59 days on the market in May 2017, five days less than January 2016. Additionally, active listings increased 12 percent to 1,994 listings during the same time frame.

 May 2017 Statistics At-A-Glance

  • 1,174 – Homes sold in May 2017, 5.6 percent more than May 2016.
  • $211,000 – Median price in May 2017, 12.8 percent more than May 2016.
  • 2.0 – Monthly housing inventory in May 2017, 0.2 months less than May 2016.
  • 59 – Average number of days homes spent on the market in May 2017, five days less than May 2016.
  • 1,994 – Active home listings on the market in May 2017, 12 percent more than May 2016.
May 2017 Fort Worth Housing Report Infographic
May 2017 Fort Worth Housing Report

Downsizing Trend on the Rise in North Texas

A downsizing trend in North Texas as well as nationwide is taking hold when it comes to real estate.

A recent survey put together by Trulia.com shows home premiums on houses between 3,000 and 5,000 square feet steadily declined since 2012. Some buyers are choosing to avoid mass produced homes between 3, 000 and 5,000 square feet. Industry insiders are seeing a swing toward smaller more affordable homes with less overhead and cost than associated with a large oversized house.

Traditional families are leaning towards townhomes, condos, and smaller single family homes. Most of which are under 3000 square feet.

Tarrant County has a wealth of these wonderful smaller properties for sale especially in the Historic Fairmount District, Arlington Heights, Mistletoe Heights, and around the TCU / Westcliff neighborhoods. The ability to blend the craftsmanship of the old through original flooring and unique architectural features with conveniences of modern technology and upgraded appliances make these neighborhoods some of the most sought after places in Fort Worth. This is good news for sellers and buyers in our marketplace.

As a Historic Home Specialist and an expert in these neighborhoods, I am well equipped to show you the potential of their older homes as a great opportunity if you are in the market to downsize. From north to south, give me a call or shoot me an email and I’ll share my favorites!

Stella Louck Beech, Historic Home Specialist

As a child in west Texas, I couldn’t wait to make the annual journey to “Cowtown”! The Fort Worth Fat Stock Show was the dream of every young farmer or rancher. Bring your finest stock, pray you would bring home a ribbon, and be the envy of all your family and friends. As years have come and gone, Fort Worth has gotten many nicknames and I love them all!

Queen of the Prairie
Where The West Begins
Panther City

Most recently – City of Cowboys and Culture, but the 2016 Fort Worth is so much more than a nickname!

With the opening of Red Team Real Estate on the famous Magnolia Avenue, there’s history all around! We want to share our knowledge of real estate (and Fort Worth) with you on your path to a bright future. The old mixed with the new gives countless opportunities to find unique spaces to live, work, and dream. My favorite homes are rich in history found in one-of-a-kind neighborhoods. My love of historic homes prompted me to recently become designated as a Historic House Specialist by Historic Fort Worth, Inc and the Fort Worth Association of Realtors.

Call me or stop by the new office and let’s find your favorite together!

– Stella

Change of Address

New Location. Same great service.

Lots of exciting changes are happening at Red Team Real Estate. Our big move to the corner of Magnolia and Lipscomb in the explosive Fairmount neighborhood is at the top of the list. In addition

to the almost 3,000 square feet of office space, we’ve grown in numbers to a seasoned team of 8 ready to serve all your real estate needs – residential, leasing services, property management, and commercial.

We had a great turnout for our open house in early May. Many complimented our blending of the old and new. Unfortunately, Stella’s horse, Lady Blu, was unable to make an appearance (as you know, she’s got a busy horse schedule).
“We’re excited to be on Magnolia where it’s such a happening place,” said Red Team owner, Michael Mayes. “My favorite moment of the move happened when the guys came to put the signs on the window. Of course, it was almost 2 o’clock on the day of our open house so that might have had something to do with it, but I was still so proud.” 
The new digs have ample office, conference, and gathering spaces with beautiful views of downtown Fort Worth and Magnolia Avenue. We’re looking forward to neighborhood events where Red Team can stay involved. If you’re in the area, please drop in, it would be great to see you!

A Well Positioned Offer

A Real Estate Investor’s Ace In The Hole

I recently talked about the continued population growth in the Dallas/Fort Worth area (click here to read the full article). Well, guess what…we’re still on fire, and with an expectation of continued growth, DFW is a rental property owner’s dream come true. Nowadays I’ve been hearing that most potential purchasers are finding it close to impossible to pick up properties at a reasonable price—between such high competition and record low inventory, sellers definitely seem to have the upper hand…so, is there any hope for investors to pick up a property and still make a profit?

I have great news for all of our wonderful Red Team clients, the answer is YES! And we’re not holding anything back…we’re showing you all four Aces!

Aside from your offer price, there are several other factors that can make or break your next purchase. Even if you don’t come in with the highest dollar offer, there are a few other things that can land you the deal. Here are 4 ways that will give you, the purchaser an upper-hand, ensuring your offer makes a real impact:

  1. Option period: A shorter option period tells the seller that you are serious about the purchase and are ready to move quickly and efficiently throughout the process. Sellers can be hesitant about longer option periods in this market because if your offer falls through, they’ll be stuck waiting much longer to move on to the next.
  2. Financing:Having your Pre-Approval in advance, from a lender who understands this business makes a huge difference–it shows a seller that you are organized and you will follow through with what you say.
  3. Option Dollars:As a serious buyer, offering option dollars could also be a way for a seller to see your offer as more appealing, even if you aren’t one of the highest offerers. Sellers tend to see you as more serious if your Option Money is on the higher end, as you must believe, as well as the seller, that you are more likely to close the deal.
  4. Cash:The old saying that Cash is King has not gone away. A cash offer sometimes will make the difference on a deal even when it is significantly lower than the asking price. Cash deals usually mean a quicker close and that the seller will have the money sooner. Note: Even if you are a buyer that is financing, the amount of cash you put down (% of purchase) can impress a seller on how serious and how strong of a buyer you are.

If you’re ready to start making money in this hot market, it really comes down to how well positioned you are coming into an offer. Red Team Real Estate has a proven track record of giving their clients the leverage needed to make the deal and make the money. If you’re considering a new purchase, we invite you to give us a call and speak with one of our experienced agents today.

Winning Clients.

Red Team Real Estate and Property Management
Red Team Real Estate and Property Management was started in 2012 to focus on being the provider of quality service that has never been seen before in property management. Our approach is to serve our owners by providing professional, knowledgeable service with maximum value.