Favorite Paint Colors for 2018

Annually, top paint companies pick their year defining hues, (of course, it’s up to Pantone to pick the winner). Based on the favorites for 2018 it looks like the bolds have it!

Which do you like best? Can you guess which is our favorite? 

Get the full list and read more!

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

Red Team Welcomes New Team Members

Red Team Real Estate is pleased to announce and welcome two new team members, Chuck Precopia and Jennifer Wilson.

Chuck is the Broker for Red Team Real Estate. He brings 47 years of commercial and development experience to spearhead efforts in Red Team’s newly launched Commercial and Development Service offerings. Chuck has served in various commercial real estate and development positions at Zale Corporation, Greener & Sumner Architects, and Vice President of Corporate Properties for the Associates Corporation of North America. Upon leaving the corporate world in 1985, Chuck put his Broker’s license to use by heading up the Commercial Department of Century 21 McCracken Real Estate in Grand Prairie. Most recently he served as President and Broker at Client Based Properties, Inc. In addition to real estate brokerage, Chuck has worked in site surveying/platting, architectural design, construction, property management, and development.

Jennifer joins Red Team as the company’s Marketing Director. Her primary focus is building Red Team’s brand and growing our involvement in the Fort Worth community. Jennifer comes to Red Team with over 15 years’ experience in marketing, relationship management, and communications in north Texas. She graduated from Texas Wesleyan University, where she earned a Bachelor of Science in advertising and public relations.

It’s such an exciting time at Red Team Real Estate! We are blessed to have two new team members of such high caliber.  Adding Commercial and Development Services to our offerings allows us to tap into a market we’ve only spent limited time in up until now. The addition of Chuck Precopia and his wealth of experience gives us a unique edge on the Commercial Real Estate front in North Texas. Also, I know that as we grow, it’s important for Red Team to have consistent branding and messaging.  Bringing Jennifer Wilson onto the team as Marketing Director will only strengthen the Red Team brand as we continue to expand our services. As our market share continues to grow, these changes make our Red Team Agents more successful and that helps the team win,” says Michael Mayes, Owner, Red Team Real Estate.

Red Team Real Estate, established in 2012 and led by Michael Mayes, provides professional client-centric service by experienced agents dedicated to your needs. Located on the historic Magnolia Avenue in Fort Worth, our focus is on the best interest of our clients in each and every transaction, as we are dedicated to the development of long-term client relationships! Let Red Team handle all of your residential and commercial sales, leasing services, and property management. Winning. Clients.

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!

Mythbuster: Property Management Services aren’t Affordable

There IS a way to make the most of your investment, avoid costly mistakes, and enjoy more freedom in your investment. Professional property management services, such as Red Team Property Management, cover every aspect of running your rentals so you can increase profits and go out and live your life. Whether you are thinking about jumping into the rental pool for the first time, or you are tired of being tied down by your current properties, we invite you to connect with our team. We are passionate about what we do, so we love hearing your stories and sharing our experienced advice.

Red Team Property Management works hard to ensure you’re getting the best rent as our market continues to change, as well as fostering the right tenant fit – protecting your investment. Contact us today and start seeing results!

Educating for REAL Greatness,

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.

The 2015 top 3 insider tips for buying property in the DFW real estate market.

In Baseball, you cannot win the game in the first inning. If you get too far behind though, you can make the hole so deep that it is difficult to win the game. It is the same for purchasing real estate rentals. You need to “play” smart on the front end. If you find yourself getting behind, no need to worry! You can make that up over time. However, if you buy poorly on the front end, you will be chasing to get back to square one and may never make it.

It’s about Return on Investment (ROI).
There is no reason to buy a property for a long term rental if you are not aware of and focused on the ROI. As a rule of thumb for purchasing a Single Family Rental (SFR), we remind our clients that Red Team is looking for homes that are going to generate a fair ROI. For an SFR, we would typically look for a home that the purchase price plus repairs is going to generate approximately 1% per month in rental income. This is not exact, but if a property is not going to generate the income that we are looking for, we move on to the next opportunity. Note: This does not apply to turning an existing property into a rental, only to the purchase of a new property as a rental.

Remove Emotion.
Another thing to remember is to take emotion out of it. A rental property purchase is an investment. It is a business that is expected to generate revenue and ultimately a profit. If you purchase a rental and never make any money on it, then why did you buy it? Often we find people wanting to purchase a property because they like a certain neighborhood or because the price is great. Well, there may be reasons to make that purchase, however a good rental purchase is going to be one that generates an ROI that the owner is happy with receiving. A rental is not a good rental purchase because the owner can see themselves living in that house.

Always have the end in mind.
We tell our clients, knowing the long term plan is important on rentals. How long you are going to hold the property and what are you using the rental investment vehicle to accomplish? If you make a plan and know where you are headed, it is much easier to get there.

Educating for REAL Greatness,

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.