Fort Worth TX Mitchell Group Real Estate Podcast

Jason Mitchell
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Fort Worth TX Mitchell Group Real Estate Podcast

If you are looking to buy or sell a home, get all the information and the latest updates, tips, and tricks from Jason Mitchell - your professional Real Estate Agent.

  1. 02/04/2020

    Your Latest Market Update

    Here’s what you need to know about how the 2019 market performed and what experts are saying about 2020. Thinking of selling? Get a free home valuation Thinking of buying? Search all homes for sale on the MLS Today we’re discussing the 2019 annual housing report as released by the Metrotex Association of Realtors.  In 2019, we saw the median sales price continue to rise, ending the year up 3.2% from 2018 at $273,500. Also strengthening our market was an increase in active listings, up 13.7% from 2018 to 24,945. “     Strengthening our market was an increase in active listings, up 13.7%. ” Closed sales were up 3% at 103,189. The months’ supply of inventory held relatively steady at 2.3, while the average days on market increased by 19% to 50 days. Overall, these numbers indicate that the local market was strong last year, and most experts agree that 2020 will be similar.  If you have any further questions about the health of our market, or you’re interested in buying or selling a home, I’d love to hear from you. Comment below or reach out via email or phone anytime.

  2. 01/07/2020

    How to Sell This Spring

    Here are the three tips you must focus on to sell your home this spring. Thinking of selling? Get a free home valuation Thinking of buying? Search all homes for sale on the MLS I often speak with homeowners who are thinking about making a move but don’t know where to start. If this predicament sounds familiar, the first thing you must do is meet with an agent as soon as possible to develop a game plan.  Once you meet with an agent, there are three steps you need to take:  1. Determine your target move-out date. Oftentimes, it can take a few weeks to get your home market-ready, and in some cases, it can take months to find the right buyer. "In the state of our current market, missing on price just a little bit can cost you thousands of dollars and extensive time on the market." 2. Prepare your home for sale. Determine your budget for any necessary repairs and ask your agent to help guide you on how to allocate those funds so that you get the best return on investment and maximize the equity in your home.  3. Make sure your agent has a proper pricing strategy. This will help your home sell for top dollar and within the time frame you need. In the state of our current market, missing on price just a little bit can cost you thousands of dollars and extensive time on the market. That’s why it’s critical to hire an agent you trust to set the right price for your home.  If you’d like to know more about selling this spring or you have any other real estate questions, feel free to give me a call or send me an email. I’d be happy to help you.

  3. 05/14/2019

    The Latest Numbers in the Fort Worth Real Estate Market

    Buyers and sellers can benefit from where our real estate market is currently at. Here’s how. Thinking of selling? Get a free home valuation Thinking of buying? Search all homes for sale on the MLS The Fort Worth housing report is finally in for March 2019. Today I just wanted to take a moment of your time to discuss the numbers and what they mean for our market going forward. The first piece of good news is that home values are up by 4.1% in the past year and the median sale price is up to $229,000. If you plan on purchasing a home in the near future, I’m also happy to report that inventory is up 26% year over year. This gives you a great opportunity to negotiate the very best price with the seller of the home that you’re looking to purchase. Mortgage interest rates are also at the lowest point we’ve seen in the past year. For more information about how the Mitchell Group can help you achieve your buying or selling goals, please reach out to us. We'd love to speak with you!

  4. 04/22/2019

    10 Tips That Will Help You Prep for Your 1st Home Purchase

    We have 10 tips to share with you today that will help you prepare for your first home purchase. Thinking of selling? Get a free home valuation Thinking of buying? Search all homes for sale on the MLS If you plan on buying your first home in the near future, here are 10 tips that will help you prepare so you find the best fit possible:  1. Check your credit. A high credit score makes it easier to qualify for a low interest rate.  2. Decide how much you want to spend. While a lender can give you an idea of how much mortgage you can afford, it’s essential to create a budget so you know what you’re comfortable spending on your monthly mortgage payment.  3. Start saving. You’ll need cash reserves in order to purchase a home, and you’ll need to be able to prove to a lender that you can afford payments that might be higher than your current rent payments.  4. Attend a home buying class or seminar. Many lenders, agents, and local nonprofit agencies offer free courses that will walk you through the home buying process and educate you on the financial responsibilities of owning a home.  5. Earn extra cash. If you’re low on cash, as most first-time homebuyers are, consider taking the necessary steps to cut down on your spending or see what you can do to increase your income (selling some of your stuff, taking a part-time job, etc.). "It’s a good idea to talk with multiple agents so you have a better chance of finding one you trust and who has your best interests in mind." 6. Start looking at neighborhoods. Unless you know where you want to live, set aside some time to visit a variety of areas. Exploring different locations will help you narrow your priorities.  7. Consult a lender. The sooner you do this, the sooner you’ll know where you stand in terms of getting a mortgage and what you have to do to improve your standing.  8. Visit open houses. Attending these early in your search will help you understand what’s available that may fit into your budget.  9. Investigate down payment assistance programs. It pays to explore these programs, and you don’t have to be destitute to qualify for them. There are over 2,000 across the country that can help you.  10. Interview real estate agents. It’s a good idea to talk with multiple agents so you have a better chance of finding one you trust and who has your best interests in mind. Most importantly, choose an agent who’s the right fit for the job.  If you’d like to know more about how you can prepare for your first home purchase or you have any other real estate needs we can take care of, don’t hesitate to reach out to us. We’d love to help you.

  5. 03/08/2019

    What Questions Should You Ask at an Open House?

    Open houses are not only a great opportunity to see a home up close, but they’re also a perfect time to ask some important questions. Thinking of selling? Get a free home valuation Thinking of buying? Search all homes for sale on the MLS When going to open houses, it’s so easy to get caught up in the excitement of house hunting. I get it. The home is usually beautifully staged, it smells great, and a helpful agent is there to point out all the charming details and thoughtful upgrades. However, it’s important to look at any home you plan to buy with a critical eye. Here are a few questions that you should be asking, room by room: Living Room What’s underneath the carpet? If you can get a peek, take the opportunity. The last thing you want to find out after closing is that you have major floor issues. Kitchen How old are the appliances? Are they covered under warranty? "The last thing you want to find after closing is that there are major issues." Bedrooms What are the floor dimensions? Bathrooms What’s the water pressure like? Roof How old is it?  What kind is it? Is there a home survey available? Finally, you’ll also want to ask about the age and condition of major appliances, including HVAC systems and plumbing. If you have any questions for us or would like to discuss this topic further, don’t hesitate to give me a call or send us an email. We look forward to hearing from you soon.

  6. 02/01/2019

    What’s the Key to Winning in a Multiple-Offer Situation?

    In order to approach multiple-offer situations, you need to be prepared whether you’re a buyer or a seller. Here are some tips for both. Thinking of selling? Get a free home valuation Thinking of buying? Search all homes for sale on the MLS One of the topics we get asked most frequently about is multiple offers. In the past, we were receiving multiple offers on pretty much every home that we listed. In the last few months, however, the market has slowed down and homes are taking longer to sell. Once we get into the spring, we should start to see homes receiving multiple offers much more frequently. We’ve got tips today for both buyers and sellers who find themselves in multiple offer situations. For buyers, submitting the highest offer isn’t the only way to win. For a vast majority of my home seller clients, price is the first thing they look at. However, you don't always have to be the highest offer. Sometimes a cash offer that’s lower and has fewer contingencies is preferable to a financed offer. "Our most savvy home sellers price just below market value." For sellers, I usually recommend accepting the cash offer over the financed offer, even if it’s a little lower. Cash transactions are the easiest to get through and present the lowest amount of risk of a deal falling apart. Our most savvy clients tend to price their home slightly below market value. From there, buyers will find it, make multiple offers, and drive the price up. People are hesitant to do this, but underpricing your home is a much more safe route in this market than overpricing it.  There are a lot of of variables that go into a contract that may cause a seller not to pick the highest offer—things such as contingencies and the type of offer. If you have any questions about multiple-offer situations in the meantime, don’t hesitate to give me a call or send me an email. I look forward to hearing from you soon.

  7. 08/14/2018

    Why Should You Consider Selling Your Home in the Fall?

    Fall is an underrated time for home sellers. Here are a few reasons why. Thinking of selling? Get a free home valuation Thinking of buying? Search all homes for sale on the MLS Sometimes it pays to go against the crowd. The real estate market is definitely at a peak during the spring and summer, but going against this trend and listing your home in the fall can have some great benefits: 1. Buyers are more serious. During the spring and summer, many buyers are more curious than actually committed to purchasing a property. On the other hand, buyers in the fall tend to be more serious. Many have been searching throughout the summer and have not found their perfect home yet. Others are simply forced to look for a new home because of a new job, a work relocation, or because they want to complete their move ahead of the holidays. In other words, fall buyers make up in dedication for what they might lack in numbers. The fall is a great time to make a move up. 2. There's less competition. It's no secret that most homes are listed in the spring and summer. However, homes that are not sold by the end of the summer are often delisted. Otherwise, they start to draw less interest because of the time they have spent on the market. If you list in the fall, you have the benefit of standing out, as well as facing less competition than during the "hotter" seasons. 3. It's easier to move up. If you're looking to buy a new home and also sell your current one, then the fall market may offer the best opportunity to do so. You will enter the market with confidence and without stress, while many sellers who have been unsuccessful in selling their homes during the summer will be more eager to sell during this time. This can lead to very flexible negotiations that will work in your favor. If you have any questions about why the fall is such an opportune time for you to sell or about the home selling process in general, don’t hesitate to give me a call or send me an email. I look forward to hearing from you soon.

  8. 07/17/2018

    Protect Yourself Against These 3 Real Estate Scams

    There are three real estate scams I’ve become aware of recently that you need to know how to protect yourself against. Thinking of selling? Get a free home valuation Thinking of buying? Search all homes for sale on the MLS It can be a scary world out there. While the majority of people are good and honest, a few bad apples always try to take advantage of others. Unfortunately, the real estate market is no different. Today I wanted to let you know about some real estate scams I've become aware of recently: 1. The mortgage closing scam. This scam is spreading across the country. It has become so prevalent that the FBI estimates it has led to over $1 billion in stolen or diverted funds in 2017 alone. It starts when hackers gain access to a real estate agent's email account. Then, when it's time to close a deal, the hackers, posing as the real estate agent, send instructions to the homebuyer on where to wire the money. Of course, it is only after the buyer has sent thousands of dollars to an unknown bank account that the truth comes out—the real estate agent wasn't actually the one reaching out, and the buyer has been scammed. 2. Fake real estate lawyers. This scam is similar to the first one, in that the scammers will impersonate somebody legitimately involved with a deal. In this case, the hackers will impersonate a real estate lawyer who is associated with a particular home sale. Find a real estate agent you trust to represent your best interests. Then, at the time of closing, they will contact the buyer, either by email or over the phone, and tell them the wire destination has been changed. If this scam works, the homebuyer could again be out thousands of dollars.  3. The bait-and-switch. Unlike the first two scams, this scam targets sellers. It also doesn't require any hacking or impersonation—just a dishonest buyer. Here's how it works: A buyer makes an offer that's well above the listed price, the seller happily agrees, and the contract is signed. But then, the buyer starts procrastinating, making excuses, and dragging out the process for months or even a year. In the meantime, the seller continues to pay costs for the home, and is getting more and more emotionally worn out. In the end, the unscrupulous buyer flatly says they can only buy the home at a lower price, usually under the listed price. And the seller, desperate by now, frequently agrees. So, how can you protect yourself against these and other scams? For one thing, avoid sending account information over email. Confirm everything over a phone call (to a number that you already know to be valid)—or even better, in person. And ultimately, find a real estate agent you trust to represent your best interests.  If you are ever in need of a trustworthy real estate agent, my doors are always open. If you have any other questions or you are interested in buying or selling a home, don’t hesitate to give me a call or send me an email. I would be happy to help you.

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If you are looking to buy or sell a home, get all the information and the latest updates, tips, and tricks from Jason Mitchell - your professional Real Estate Agent.

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