Friday, May 28, 2021

Celina Client Testimonial (Prosper ISD)

It was my honor to help my clients find their dream home!

“The ultimate real-estate professional. He will help you get your dream home. He will work with you and help you understand the entire process. I don’t know if I could have bought this house without him.”

I’ve Got Your Six!

Mark M. Hancock, GRI, MRP, AHWD
REALTOR, New Build certified
214-862-7212
DFWmark.com

#DFWmark #REALTOR #RealSatisfied #Celina #ProsperISD #CollinCounty #review #testimonial #BuyerAgent #IGY6

Market Watch - 28 May 2021





Since last week, New Listings and Under Contract have decreased while Pending increased and Sold Properties were flat. Meanwhile, Lease Listings and Pending Leases are flat while written Leases are down largely due to lack of inventory.

The single-family resale average Days On
Market is at a historic 5-day mark. Properly 
marketed houses are going fast!

I’ve included a Days On Market (DOM) trend for single-family resale houses from the last three years. DFW sells faster than many other areas of the country, but this week is historic fast. Most properly marketed houses are currently selling over asking price in two or fewer days.

The entire North Texas MLS has an average DOM of 5 days. This average includes 713 houses priced over $1 million and one home in Arlington that’s been on the market since 16 Oct. 2014 (2,280 DOM).

If you need to lease, be ready to move fast! There are currently 934 Active single-family lease listings in the entire North Texas area. Of those, 30 are priced at more than $5,000 per month. The highest is stunning at $49,000 per month.

If you plan to sell a property, now is the PERFECT time. Buyers (and frustrated renters) are prepared to pay far more than reasonable and well over asking with concessions that were previously impossible to get. Please call, text or email me NOW to sell your property for top dollar before the eviction and foreclosure moratoriums end on June 30.

Because I’m also an award-winning professional photographer and notary, I can have a show-ready house on the MLS and marketed to more than 1,000 brand-name websites in one day.

I’ve Got Your Six!

Mark M. Hancock, GRI, MRP, AHWD
REALTOR, New Build certified
214-862-7212
DFWmark.com

#DFWmark #REALTOR #MarketWatch #HousingShortage #DaysOnMarket #MarketTrend #SellNow #SellersMarket #LeaseShortage #HousingCrisis

Sunday, May 23, 2021

Market Watch - 21 May 2021


Since last week New Listings, Properties Under Contract and Properties Sold have increased while Pending Properties are flat. 

Meanwhile, Lease Listings and Pending Leases are flat while written Leases are up significantly. 

 The DFW Metroplex population is about 6.4 million people. At this moment, there are currently 2,115 lease listings in the entire North Texas area. Of those, 966 are single family houses. Of those, 20 are priced at more than $6,900 per month. The highest is $49,000 per month.

I’ve included a Lease Market Trend since March (left). It’s inverted by hundreds of lease properties per week. To be clear, more properties should enter the market than leave each week. Likewise, more properties should be pending (waiting to move in) than leased.

After months of upside-down markets, there’s so little lease inventory that houses have applications and are pending within hours of entering the market. Buyers who think they’ll lease rather than purchase are seriously disappointed to find fewer options and MUCH more competition for available lease properties. In many ways, it’s easier to buy than lease now.

The lease market is likely to remain difficult or possibly get worse through the end of the CDC’s eviction moratorium. After the moratorium ends, it’s possible for the lease market to remain tight while landlords quickly liquidate underperforming properties for top dollar.

If you plan to sell a quality property, now is the PERFECT time. Buyers (and frustrated renters) are prepared to pay far more than reasonable and well over asking with concessions that were previously impossible to get. After the moratoriums, expect “investor grade” properties to flood the market.


For comparison, the graph to the left is a five-year trend of houses for sale.

When unsold numbers are added together, there were more than 25,000 single-family houses on the market each day in North Texas in the summer of 2019. In March of 2021, it was below 10,000. There are still dangerously few homes available for sale or lease.

Please call, text or email me NOW to sell your property for top dollar before waves of rental properties hit the market for liquidation and flatten the market price.

I’ve Got Your Six!

Mark M. Hancock, GRI, MRP, AHWD
REALTOR, New Build certified
214-862-7212
DFWmark.com


#DFWmark #REALTOR #MarketWatch #LeaseShortage #MortgageMoratorium #EvictionMoratorium #SellNow #SellersMarket #HousingShortage #HousingCrisis 

Monday, May 17, 2021

Severe Weather Damage Help Points

Spring in Tornado Alley always requires caution and weather awareness. Most people know how to stay safe but haven’t considered what to do after disaster hits. Below are the bullet points to keep handy. I’ve written a detailed post about these topics earlier on this blog at this link.

SAFETY FIRST!
• Find a low location with protection. Ideally it is a designated safe area with reinforced cement or cinder-block walls. At the minimum, it should be on the ground floor and surrounded by interior walls with no windows or glass doors. Have battery-powered radios and flashlights.
• During the storm, stay away from windows, broken glass, and loose objects such as firewood or lumber.
• Account for everyone – including pets.
• Protect yourself. During wind damage events, nails and other sharp objects are often scattered throughout neighborhoods. Wear proper shoes, work gloves, and step carefully to avoid puncture wounds. Wear long pants to avoid insulation and chemical burns.

IMMEDIATELY AFTER THE STORM
• Make photos of the cause (hail, flood, etc.) and effects (actual damage) of the weather event.
• Depending on damage, turn off all power at the main breaker and cut off water. Ask for help with gas leaks.
• Let someone outside of the disaster area know you are safe or your immediate emergency needs.
• Keep all insurance and warranty information handy and inside waterproof/fireproof bags.
• Collect short-term belongings: all personal identification, phone, small valuables, medicine, glasses, clothes for a few days, credit cards, insurance and warranty documents, pet food, tax and income documents (for insurance claims), etc...
• Secure waterproof tarps over windows and holes in the structure to prevent additional damage.

WHEN IT’S SAFE
• Photograph both the interior and exterior.
• Contact your insurance agent. Get in line fast because there will be plenty of claims.
• Contact the Red Cross for overnight shelter assistance.
• Photograph refrigerator/freezer contents. Most insurance policies pay up to $500 for spoiled food.
• Hire competent contractors for short-term patches.
• If the house is not in an emergency condition, contact reliable vendors/contractors quickly. I’ve collected many reliable vendors on DFWreferral.blogspot.com.
• Determine the deductible vs. out-of-pocket repair costs. It may cost less to absorb repair expenses.
• If repair costs are significant, file a claim with the insurance company. Arrange for contractors’ representative to be there while the appraiser is on property.
• Keep all receipts: preventative measures, actual repairs, hotels, fuel and food away from the house.
• Call the car insurance company if different than house.
• Make photos of all car damage.

SETTLING WITH INSURANCE
• Fences should be covered if there’s a wind damage policy but expect a depreciation deduction.
• Insurance companies have five business days to pay the claim once you agree to a settlement amount.
• Mortgage companies have 10 business days to contact homeowners after they get the insurance check.
• For additional specific questions about insurance coverage, please read “FAQ: Homeowners Insurance and Disaster Claims” (t.ly/eckh) by the Texas Department of Insurance or call 800-252-3439.
• File for FEMA aid. FEMA may cover items not covered by traditional homeowners’ insurance.
• If the final check is less than expected or less than required, don’t sign it. Some insurance companies consider the claim “settled” once the check is endorsed and deposited.

I’ve Got Your Six!

Mark M. Hancock, GRI, MRP, AHWD
REALTOR, New Build certified
214-862-7212
DFWmark.com


#DFWmark #REALTOR #safety #SevereWeather #insurance #tornado #flood #storms #WeatherDamage #help

Friday, May 14, 2021

Market Watch - 14 May 2021


Since last week New Listings and Properties Sold have decreased, Properties Under Contract are flat and Pending Properties are flat. Meanwhile, Lease Listings and written Leases are down while Pending Leases are up slightly.
If you plan to sell a quality property, now is the PERFECT time. Buyers (and frustrated renters) are prepared to pay more than reasonable and well over asking with concessions that were previously impossible to get. After the moratoriums, expect “investor grade” properties to flood the market.

Please call, text or email me NOW to sell your property for top dollar before a wave of rental properties hit the market for liquidation.
I’ve Got Your Six!

Mark M. Hancock, GRI, MRP, AHWD
REALTOR, New Build certified
214-862-7212
DFWmark.com

#DFWmark #REALTOR #MarketWatch #SellNow #SellersMarket #HousingShortage #HousingCrisis #LeaseShortage #MortgageMoratorium #EvictionMoratorium

Wednesday, May 12, 2021

DFWmark Index

(Photo Mark M. Hancock / DFWmark.com)
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Saturday, May 8, 2021

Market Watch - 7 May 2021

Since last week New Listings and Properties Sold have increased, Properties Under Contract are flat and Pending Properties have decreased. Meanwhile, Lease Listings and written Leases are up while Pending Leases are flat.

Let’s first celebrate that listings for both preowned and lease homes have increased. Let’s also congratulate the owners for the success of their sales and leases.

Now, let’s talk about the elephant in the room: there aren’t enough houses available. Preowned residential remains upside down by hundreds of properties each week while leases are at 110% leased ratio. Except for Snowvid-21, the market has been upside down since December.

On Wednesday, a judge struck down the CDC eviction and foreclosure moratoriums. However, until the action is fully repealed or otherwise deemed unenforceable, those houses remain off the market.

“The question for the Court is a narrow one: Does the Public Health Service Act grant the CDC the legal authority to impose a nationwide eviction moratorium? It does not,” wrote U.S. District Judge for the District of Columbia Dabney Friedrich in the decision.

If you plan to sell, now is the PERFECT time. Buyers are prepared to pay more than reasonable and well over asking with concessions that were previously impossible to get.

The timetable and deadline may be sooner than expected. Please call, text or email me NOW to sell your property for top dollar before a wave of rental properties hit the market for liquidation.

I’ve Got Your Six!

Mark M. Hancock, GRI, MRP, AHWD
REALTOR, New Build certified
214-862-7212
DFWmark.com

#DFWmark #REALTOR #MarketWatch #SellNow #SellersMarket #HousingShortage #HousingCrisis #LeaseShortage #MortgageMoratorium #EvictionMoratorium

Welcome to the DFWmark Blog!

Welcome to the DFWmark Blog! This is a collection of content by Mark M. Hancock, a REALTOR with Keller Williams North County in Celina, Texa...