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Explore an important information for Home Sellers in the Dallas-Fort Worth area

– Texas Home Sellers Tips, Tricks and Lifehacks

Dallas-Fort Worth Relocation Guide

Explore an important information for Home Buyers in the Dallas-Fort Worth area

Dallas housing market: Prices | Trends | October 2022

Understanding HOA in Dallas: A Buyer's Guide Before Purchasing a Home

HOA in Dallas - Everything to know about Homeowners Associations before you buy a home. How does it all work? The Cost, Pros and Cons, HOA FAQ.

Did you know that in 2023, Texas had 22,300 Home Owners Associations? That’s the 3rd highest number in the country, following California (50,700) and Florida (49,800). Plus, in 2023, the Foundation for Community Association Research estimated that about 30% of the U.S. population is living in various community associations like condominiums, cooperatives, and planned communities. Pretty interesting, right?

Hey there, future homeowners! If you’re thinking about buying a home in the Dallas-Fort Worth area, you’re starting off on an exciting journey. This region is known for its lively communities, diverse real estate, and of course, its Homeowner Associations (HOAs).

I’m Oleg Sedletsky, a Realtor with expertise in Dallas real estate. In this article, I’ll share essential details about HOAs in the Dallas-Fort Worth area to help you make informed decisions about your future home. Whether it’s your first home purchase or a relocation, understanding how HOAs operate in this region can greatly impact your home buying journey.

The photo showcases the amenities available within the Windsong Ranch HOA community in Prosper, TX. © Oleg Sedletsky, Realtor®

What Is a Homeowner Association (HOA)?

Ever wondered what a Homeowner Association (HOA) really is? Well, HOAs are like the rule-makers of neighborhoods, planned communities, or condo buildings. They create and enforce rules for the properties and residents. When you buy property in an HOA, you automatically join the club and pitch in with dues, aka HOA fees.

The main reason for the existence of HOAs is to offer services for the community residents and uphold the vision of a well-kept, organized neighborhood that all members can relish living in while also preserving home values.

The photo showcases the amenities available within the Reserve at Westridge HOA community in McKinney, TX. © Oleg Sedletsky, Realtor®

How do Homeowners’ Associations (HOAs) operate in the Dallas area?

How do HOAs in Dallas work? The HOA sets out rules and guidelines to support its members, aiming to preserve and enhance the community’s property values. These guidelines mainly focus on appearance, covering property cleanliness, condition, and repairs. Typically, HOA guidelines aim for a consistent look across all properties in the association’s area. Some HOAs may offer extra services to members in return for their fees, like:

Landscaping
Parking
Pools
Tennis courts
Event spaces

In some cases, HOA fees may also include trash collection and utilities like water or internet.

The photo showcases the amenities available within the Tribute HOA community in The Colony, TX. © Oleg Sedletsky, Realtor®

The photo showcases the amenities available within the Lakes Of Bent Tree HOA community in Dallas, TX. © Oleg Sedletsky, Realtor®

The photo showcases the amenities available within the Reserve at Westridge HOA community in McKinney, TX. © Oleg Sedletsky, Realtor®

The photo showcases the amenities available within the Windsong Ranch HOA community in Prosper, TX. © Oleg Sedletsky, Realtor®

Homeowners Association (HOA) Fee.

The HOA provides its services through the collection of a Homeowners Association (HOA) Fee. This fee is a monthly amount paid by residential property owners to their homeowners associations (HOAs). These fees help the association maintain its services and support the community.

Who’s in charge of the HOA in Texas?

Typically, in Texas, an HOA is managed by a board of directors elected by the members.
Although often called “HOAs”, Texas law refers to them as “property owners’ associations.”
Homeowners have the opportunity to serve on the board.

The photo showcases the amenities available within the Hollyhock HOA community in Frisco, TX. © Oleg Sedletsky, Realtor®

Where can homebuyers find an HOA Covenants, Conditions, and Restrictions (CC&Rs)?

Your Realtor will let you know if the home you’re eyeing is in an HOA and will fetch the HOA governing documents for you to review before making an offer.

The photo showcases the amenities available within the Auburn Hills HOA community in McKinney, TX. © Oleg Sedletsky, Realtor®

F.A.Q. About Homeowners Associations (HOA) in Dallas-Fort Worth

Now that we’ve covered the essential topics about HOAs in Dallas, let’s dive into the most frequently asked questions from homebuyers.

Does Texas have HOA laws?

In Texas, there isn’t a specific law just for HOAs, but all HOAs in Texas have to follow the Texas statutes that deal with property owners’ associations. Keep in mind, there might be other laws in play too! For more details:

Check out the Texas Property Code, Title 11, Chapters 201-215 for the lowdown on property owners’ associations.
Dive into Chapter 202 for the scoop on restrictive covenants and how they’re enforced.
Explore Chapter 209 for insights on the Texas Residential Property Owners Protection Act, covering governance, elections, record-keeping, and more.
Lastly, Chapter 22 of the Texas Business Organizations Code is where you’ll find info on forming nonprofit corporations, which many property owners’ associations are. Oh, and just a heads up, there isn’t a state agency in Texas overseeing property owners’ associations or handling homeowner complaints.

VISIT General Information guide on the official Texas government website: https://guides.sll.texas.gov/property-owners-associations/general-information

What a HOA can not prohibit in Texas?

Texas law sets some boundaries on what a property owners’ association can restrict. Here are some things they can’t say no to:

Showing the American flag, Texas flag, or flags of the U.S. Armed Forces
Putting up political signs during elections
Displaying religious items
Having rain barrels, composting systems, efficient irrigation, and more
Using security measures like cameras, motion detectors, and fencing
Installing solar panels, generators, and more
Building swimming pool enclosures
Using wind- or hail-resistant shingles

And guess what? They can’t mess with your right to:

Own firearms or ammo
Run a lemonade stand

Pretty cool, right?

SOURCE: https://guides.sll.texas.gov/property-owners-associations/ccrs

The photo showcases homes in The Tribute HOA community in The Colony, TX. © Oleg Sedletsky, Realtor®

What happens if you don’t pay HOA fees in Texas?

If you happen to fall behind on your HOA fees in Texas, here’s what could occur: If you get behind on payments, the association will likely start by reaching out using traditional methods like calls and letters to collect the debt. If those approaches don’t work, the association might restrict your access to common areas or even take legal action to recover what’s owed.

Most HOAs have the right to place a lien on your home if you’re late on payments, which can complicate selling or refinancing your property. In certain situations, the association will register the lien with the county for public notice. An assessments lien can impact your property’s title and may lead to foreclosure, even if you have a mortgage. In Texas, an HOA can enforce assessments and liens based on its governing documents, like CC&Rs.

The photo showcases homes in the Bristol Park HOA community in Lucas, TX. © Oleg Sedletsky, Realtor®

Can an HOA charge a fine for violations?

Under Texas law, a property owners’ association doesn’t automatically have the right to impose fines. These powers need to be granted by the association’s governing documents. If an association is allowed to levy fines, it should create an enforcement policy and share it with property owners as per Section 209.0061 of the Texas Property Code.

What rights do property owners have regarding fines? If an association is authorized to impose fines for violations of restrictive covenants, it must inform the property owner by mail before applying the fine. This gives the owner a chance to address the issue and challenge the charge. For repeated violations, notice may not be necessary.

As per Sect. 209.006, a notice to the owner should include:

Description of the violation
Amount of the proposed fine
A statement that the owner has 30 days to request a hearing before the Board of Directors
Information on any special rights or relief available under the law, such as the Servicemembers Civil Relief Act

If the violation is not a threat to public health or safety and is fixable, the owner should be given a reasonable time to rectify the issue and avoid the fine. The notice should specify the deadline for correction. Subsections (h) and (i) provide examples of violations that are “curable” and “incurable.”

The photo showcases the homes in the Grayhawk HOA community in Frisco, TX. © Oleg Sedletsky, Realtor®

Can you actually lose your house in Texas if you forget to pay your HOA fees?

Well, in Texas, those assessments are basically like “dues” that every property owner in an association has to chip in for. If you happen to miss those payments, you could end up facing fines and even foreclosure. Check out more info here: https://guides.sll.texas.gov/property-owners-associations/assessments-foreclosure

The photo showcases the amenities available within the Twin Creeks HOA community in Allen; TX. © Oleg Sedletsky; Realtor®

Can a Homeowners’ Association restrict your ability to rent out your home in the Dallas area?

Your HOA can implement some restrictions on occupancy and leasing activity. However, these restrictions should be outlined in the HOA’s declaration or one of the association’s amendments. A recent court case in Texas has somewhat limited the extent to which an HOA can enforce restrictions on short-term rentals.

HOA fees in Dallas – do they change?

Well, typically, the HOA fees adjust to cover maintenance and service costs. According to Texas law, HOAs can up the fees if they can explain how the community will benefit. It’s kind of up to the HOAs – they might hike rates to keep the neighborhood in good shape.

The photo showcases the amenities available within the Windsong Ranch HOA community in Prosper, TX. © Oleg Sedletsky, Realtor®

Can a homeowners association (HOA) enter my property in Dallas?

Well, in Texas law, a property owners’ association doesn’t just get a free pass to enter your property to sort out rule violations. They need the green light from the declaration of covenants, conditions, and restrictions to take any “self-help remedies.”

Can the HOA kick you out in Dallas?

Well, when a homeowner falls behind on payments, the Homeowners Association (HOA) has the authority to place a lien on the property if the property owner fails to comply with the association’s rules and regulations or if there are unpaid dues or fees. If that’s not sorted out, they might even foreclose.

Good news – the HOA can’t actually evict a homeowner.

The photo showcases the amenities available within the Artesia HOA community in Prosper, TX. © Oleg Sedletsky, Realtor®

Common HOA Fees in the Dallas Area

When scouting for homes, you’ll notice that HOA fees vary widely across Dallas-Fort Worth. They can range from $300 to $3000+ annually, depending on the subdivision and the breadth of services and amenities offered. Understanding the HOA costs upfront can help you budget more accurately for your new home.

The photo showcases the amenities available within the Tribute HOA community in The Colony, TX. © Oleg Sedletsky, Realtor®

Do all homes in the Dallas-Fort Worth area have HOAs?

Not all homes in Dallas-Fort Worth have HOA. Most older neighborhoods do not have HOA, or if they do, it is voluntary. With voluntary HOA, each homeowner decides their contribution or can opt-out.
As for new construction communities in Dallas-Fort Worth without HOA, they’re pretty rare, but they do exist!

If you’re considering a community without an HOA, here are a few things to think about:

– Homes in the communities without an HOA tend to be pricier.
– They’re often located further from big cities, meaning longer trips to stores and attractions.
– There’s a chance you might get a quirky neighbor who doesn’t maintain their place well – think unkempt grass, trash piles, funky-colored houses, or even running a mini business from home. And yeah, these could impact your home’s value down the road.

– In HOA-free communities, some homeowners may rent out their properties, causing headaches for others in the neighborhood.

If you’re looking for a home in a community without HOA rules, I can help. Feel free to reach out if you’re interested in buying a new home without HOA restrictions.

The photo showcases homes in the Bristol Park HOA community in Lucas, TX. © Oleg Sedletsky, Realtor®

Advantages and Disadvantages of Homeowner Associations (HOAs) in DFW

PROS

HOAs give guidelines and rules for their members to keep up the neighborhood’s property values. These rules mostly focus on the property’s appearance, cleanliness, and maintenance. They aim to keep a consistent look across all properties in the HOA area.

HOA management usually offers extra perks to members who pay their HOA fees.

These perks can include landscaping, parking, pools, tennis courts, party areas, and gym facilities. Some HOA fees might cover trash collection and utilities as well.

CONS

One downside of HOAs is the high fees, which can put off potential buyers. Also, the rules might seem too strict or arbitrary for some homeowners who want more freedom in customizing their properties.

HOA board members are usually volunteers and might lack proper training in real estate, finances, or community management.

Conflicts can arise among members when deciding on maintenance or upgrades due to the need for consensus.

The photo showcases the amenities available within the Winchester Crissing HOA community in Princeton, TX. © Oleg Sedletsky, Realtor®

Summarizing the topic of HOAs in the Dallas area:

Summing up the deal with HOA in Dallas: It’s like a coin with two sides.

One side can feel a bit nosy, strict, and pricey, but on the flip side, it’s about keeping things in order, offering services, and safeguarding property values. It’s a fine line, but in my book, HOAs are usually more helpful than bothersome.

Ultimately, it’s your call as a homebuyer to decide if an HOA is your jam. The truth is, most Dallas areas have ’em. If you dig the spot and the crib, you might as well roll with it. Just make sure you’ve got the lowdown on HOA rules and regs BEFORE sealing the deal to dodge any curveballs.

Dallas housing market: Prices | Trends | September 2022

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Latest from Dallas Real Estate Blog

Explore an important information for Home Sellers in the Dallas-Fort Worth area

– Texas Home Sellers Tips, Tricks and Lifehacks

Dallas-Fort Worth Relocation Guide

Explore an important information for Home Buyers in the Dallas-Fort Worth area

Start The Home Buying Process by answering a few questions

2 Story New Construction Home in Princeton, TX available to buy or build.

A Fabulous New Construction Home is available in Princeton, TX! It's a 2-story beauty with 2690 Sqft, 4 Beds, 3 Baths, an Office, Gameroom, Media room, and a 3 Car Garage

Hello wonderful people! I’m Oleg Sedletsky, your go-to Realtor when you’re eyeing a brand-new nest in the Dallas-Fort Worth expanse. Today, I’d love to talk about the opportunity to own an amazing new construction home in Princeton, Texas.

Princeton is a delightful gem in Collin County, capturing the attention of many homebuyers, just like you. This inviting city is not just about the friendly neighborhoods – it’s a place where charm meets convenience, and I’ve put together a nifty Princeton Relocation Guide loaded with all the fun facts, attractions, and tidbits you need. Peek inside to see why you might just fall in love with Princeton, Texas.

Featured Home of the Day, where price and quality come together!

Now, let’s dive into our home highlight reel. Picture yourself stepping into a grand 2690 square foot haven that is artfully crafted for comfort and style. This two-story masterpiece boasts 4 cozy bedrooms, 3 sparkling bathrooms, a dedicated office for your grand ideas, a lively game room, a sleek media room for your binge-watching sprees, and yes – a 3 car garage for all your ride-or-die vehicles. Set upon a generous 60×120 lot, you’ll feel the openness of your own spacious backyard. This home isn’t just built; it’s crafted for a life full of memories.

Currently offered at $480,000

INSIDE A $480k 2 STORY NEW CONSTRUCTION HOME ON 60 FT LOT IN PRINCETON TX – 3 CAR GARAGE, 2690 SQFT

Exterior Features

Let’s chat about what’s included with this home by checking out the exterior features – the complete gutters system, a spacious and tranquil enclosed patio, perfect for Texas BBQs, and the ample 3-car garage screams quality and convenience. The spacious backyard? That’s your blank canvas for garden parties, playdates, or simply unwinding under the star-studded Texas sky.

Gutters are pre-installed in this New Construction Home in Princeton, TX

A keyless door lock for enhanced security in this New Construction Home in Princeton, TX

Ample 3-car garage in this New Construction Home in Princeton, TX

This New Construction Home in Princeton, TX features a tankless water heater for endless hot water supply.

This New Construction Home in Princeton, TX features 20×8 ft Covered patio

This New Construction Home in Princeton, TX features 69×45 ft Backyard

Interior Highlights

Step inside to luxury vinyl plank floors that marry durability with elegance, faucets and door hardware that exude sophistication, and showers adorned with high-end tile work that feels like your personal spa retreat. The kitchen is an aspiring chef’s delight, with quartz countertops, a sleek gas range, and an under-mount sink. The living room, with its cozy electric fireplace, and the primary bedroom both feature stunning vaulted ceilings, making each space feel royal. And let’s not gloss over the pièce de résistance – those airy vaulted ceilings in the living room and kitchen mirroring the vastness of Texan skies.

The Living Room in this New Construction Home in Princeton, TX features 18 x 15 ft, Fireplace, 14 ft vaulted ceiling

The Kitchen features beautiful quartz countertops and ceramic tile backsplash

A stainless steel under-mount sink for durability and elegance.

The Primary Owner’s Suite in this New Construction Home in Princeton, TX features 13 x 16 ft, 13 ft vaulted ceiling

The Game room features 15 x 13 ft, 9 ft ceiling

The Media room features 13 x 11 ft, 9 ft ceiling

Why This Home Stands Out and How To Make It Yours

Let’s cut to the chase – this home is an absolute standout, especially when you weigh in the value for price. Think of it as your exclusive slice of affordability meeting luxury. The design is thoughtfully curated for both aesthetics and convenience, ensuring every corner of your home resonates with your lifestyle.

If you’re loving this floorplan and thinking about making a move to Princeton, TX, hit me up ASAP. I’ve got your back to help you snag this exact floorplan or find something similar in an amazing master-planned community.

I’m here to walk you through both virtual and in-person tours, dotting the ‘i’s and crossing the ‘t’s as we explore every nook and cranny of your potential dream home. Seeing is believing, and I want to ensure you believe in the life you could create here.

Homebuyer Incentives

Here’s some exciting news – builder incentives may be available that could sweeten your home-buying journey. Financial perks in acquiring your new home are always a welcome touch, and I’m here to navigate these opportunities with you to get the best bang for your buck.

IMPORTANT DISCLOSURES

Just so you know, The price and availability might change without notice. The information presented here is reliable, but it’s always a good idea to double-check.
Reach out to your Realtor for more details, updates, and availability.

Now, let’s get real for a moment. Homes in Princeton, Texas, especially ones as special as this, are flying off the market. So, if you’re serious about claiming your new construction home, it’s time to get a move on. Hesitation could mean missing out on an opportunity made for you.

Your dream home awaits!

As your dedicated Realtor in Princeton, TX, I am all about turning your home-buying dreams into reality. Don’t let changing prices and availability dampen your spirit. Give me a shout, and let’s embark on this exciting journey together.

Ready for the next step? Well, I can’t wait to hear from you. Reach out to me, Oleg Sedletsky – your friend and Realtor in Princeton, TX.

Photo Gallery of 2 Story New Construction Home that is available in Princeton TX

Are you ready to experience the joy of homeownership in the vibrant Dallas-Fort Worth area?

Call/Text 214.940.8149

The Buyer’s Agent Duty

READ: Texas Real Estate Commission Information About Brokerage Services

Latest from Dallas Real Estate Blog

https://www.trec.texas.gov/forms/information-about-brokerage-services
https://www.trec.texas.gov/forms/consumer-protection-notice

Understanding the Realtor-Homebuyer Relationship and Realtor Compensation in Dallas: How it works and What You Need to Know

Understanding the Realtor-Homebuyer Relationship and Realtor Commission in Dallas: How it works and What You Need to Know

Hello there, future homeowners in the Dallas area! Suppose you’re gearing up to step into the exciting world of Dallas real estate.

In that case, you’ve probably wondered if you need to hire a Realtor and, if you do, what the relationship between Realtors and homebuyers looks like.

Let me tell you, It’s like a dance that, when performed well, leads to a successful and mutually beneficial outcome.

In this guide, I’ll help you understand the dynamics of working with a Realtor so that you can navigate your home-buying journey with confidence and clarity.

Shown in the photo: Oleg Sedletsky, a Realtor located in the Dallas-Fort Worth area, is meeting with clients at their newly constructed home.

What happens when you make your initial contact with a Realtor? Does this means that the Realtor is already working on your behalf?

Picture this: You reached out to a Realtor, excited to start checking out homes. You had nice conversation, asked some questions and maybe even requested assistance in finding a home or getting specific information about your home search. After that, You might assume that after your initiall contact a Realtor automatically obliged to represent you and act in your best interest. Guess what? That’s not how it works!

IT IS CRUCIAL TO RECOGNIZE THAT A MERE PHONE CALL OR EMAIL CONVERSATION WITH A REALTOR DOES NOT AUTOMATICALLY ESTABLISH A BUYER REPRESENTATION.

At this stage, the Realtor isn’t exclusively working for you and doesn’t have any obligations to help you.

It’s only with a signed Buyer Representation Agreement that the Realtor has the right and responsibilities to represent you, the homebuyer.

It is important to consider that Realtors operate within a business context and their time holds significant value. Without a signed Buyer Representation Agreement, dealing with a customer who hasn’t committed to hiring a specific Realtor can result in a considerable waste of time. This time could be better spent focusing on a client who is committed and has already engaged a Realtor for representation, having completed all necessary paperwork. Put yourself in the Realtor’s shoes: would you willingly cater to someone who isn’t interested in conducting business with you?

Shown in the photo: Oleg Sedletsky, a Realtor based in Dallas-Fort Worth, engaging in a phone conversation with clients regarding an available new construction home in Princeton, TX.

How agency laws in Texas affect unrepresented homebuyers.

Just so you know, according to Texas law, a real estate agent needs to represent at least one side of the transaction. This means that without a signed Buyer Representation Agreement, the agent has to represent sellers by default when discussing a particular property. And trust me, the sellers have completely different interests compared to the homebuyer.

Here’s a quote from IABS: “A license holder acts as a subagent when assisting a buyer without an agreement to represent them. A subagent can help the buyer but doesn’t represent them and must prioritize the interests of the owner.”

It’s like being in a relationship without any commitment; having your relationship status as ‘it’s complicated’ is hardly ideal when purchasing a home, wouldn’t you agree?

Understanding the Realtor-Homebuyer Relationship and Realtor Compensation in Dallas

Information About the Brokerage Service (IABS): What Is It? Why You need to see it?

In Texas, it’s the law for real estate brokers and sales agents to give written notice about brokerage services at the first meaningful interaction with potential buyers, tenants, sellers, and landlords regarding specific real property.

It provides information to help you understand how realtor services work in Texas. The goal is to give you the information you need to make an informed decision.

Here’s what the IABS is all about:

A BROKER’S MINIMUM DUTIES REQUIRED BY LAW
TYPES OF REAL ESTATE LICENSE HOLDERS
TO AVOID DISPUTES, ALL AGREEMENTS BETWEEN YOU AND A BROKER SHOULD BE IN WRITING AND CLEARLY ESTABLISH duties, responsibilities and obligations of the parties.
LICENSE HOLDER CONTACT INFORMATION
You can grab the IABS from the TREC website or check it out here. Also, it’s a good idea to get familiar with the Consumer Protection Notice while you’re at it.

Here is my IABS

https://www.360realestatedfw.com/ibs/IABS-1-0-ip.pdf

Buyer Representation Agreement: What It Is and Why It Matters

Signing a Buyer Representation Agreement is a bit like going steady – it means I’m officially your Realtor, committed to putting your interests first and helping you through the maze of listings, negotiations, and paperwork.

This agreement is more than a piece of paper; it outlines our professional relationship, setting expectations, and establishing a foundation of trust – the cornerstone of any great partnership.

Texas Realtor Compensation Explained

Let’s talk about what’s on everyone’s mind – money. You might wonder how Realtors like me earn our keep.
It all circles back to commissions that are part of the property’s sale price. However, this isn’t a one-size-fits-all scenario. Some real estate agents work on flat fees, hourly rates, or other creative compensation structures.
This flexibility allows you to find services that align with both your needs and your budget.

The Commission Structure

Diving deeper into the commission puzzle, you should know THERE’S NO STANDARD REALTOR COMMISSION IN TEXAS.
I’ll work with you to come up with a commission that feels fair and aligns with the level of service I provide.
Like the ever-changing Texas weather, commission rates can fluctuate due to market conditions and supply and demand. It’s all about finding the sweet spot that works for us both.

Cooperative Compensation in Real Estate

The concept of cooperative compensation is a neat little system where the listing broker may share their commission with the buyer’s broker. Think of it as a ‘finder’s fee’ for bringing a ready and willing buyer like you to the table. Participating in the Multiple Listing Service (MLS) sets the stage for this type of teamwork, ultimately benefiting everyone involved, especially you, the buyer.

How Sellers Benefit from Cooperative Compensation

Why would a listing broker agree to split their hard-earned commission? Simple: it’s good for business. By offering cooperative compensation, the seller’s property becomes irresistible to a larger pool of buyers, which could drive up the sale price.
And here’s the kicker for you as a buyer: Most mortgage lenders won’t let commissions pile onto your loan, and believe me, not having to pay your broker out of pocket on closing day is a huge relief for your wallet.

See details about Realtor Compensation directly from Texas Association of Realtors

Frequently asked questions by homebuyers:

When is the best time to hire a Realtor

The ideal time to hire a Realtor is before you begin the house-hunting process. In the fast-paced Dallas real estate market, it’s crucial to have a professional by your side right from the start. An experienced Realtor helps you understand the market trends, identify your must-haves versus nice-to-haves, and set realistic expectations. Their guidance can be invaluable in streamlining your search, helping you to find the perfect property quickly and efficiently, often gaining access to listings before they hit the wider market. Plus, having a Realtor early in the process ensures you’re prepared to move swiftly in this competitive environment when you do find the house you want to call home.

Can a homebuyer avoid dealing with Realtor and do business directly with the seller?

Sure, a homebuyer can bypass a Realtor and approach a seller directly, but there are several pitfalls to this approach.
One important thing to note is that without a Realtor’s expertise, buyers run the risk of overpaying or missing crucial steps in the due diligence process – things that a professional is trained to handle.
Plus, sellers who have a Realtor representing them may not be open to negotiating with an unrepresented buyer.
When you hire a Realtor, you can relax knowing that your interests are well-represented. Having a skilled advocate and negotiator by your side throughout the entire process gives you peace of mind.

What documents need to be signed and what else is required to hire a Realtor in Dallas

To hire a Realtor in Dallas, you’ll need to sign a few important documents which include the Buyer Representation Agreement, outlining the terms of your relationship with your Realtor, and any disclosures pertinent to your real estate transaction.
In addition, you will have to provide proof of mortgage pre-approval or show that you have funds available to buy a home. This not only boosts your credibility as a buyer, but also helps establish a clear price range for your house hunting. Your Realtor might also ask for some additional documents specific to your situation to ensure a smooth and efficient buying process. Don’t forget to bring a government-issued ID to confirm your identity.

Conclusion: Is Hiring a Realtor in Dallas Worth It?

Here’s the ultimate question: Should you hire a Realtor to buy a home in the Dallas area? The choice is yours!

In the competitive DFW real estate landscape, having a talented Realtor by your side isn’t just a convenience – it’s a strategic advantage that could make all the difference in finding and securing the right home for you and your family.

And let me tell you, as someone who genuinely cares about getting folks into their dream homes, my answer is a big YES. As your Realtor, I’ll be by your side throughout the entire journey, making sure the process is as stress-free as possible.

Shown in the photo: Oleg Sedletsky, a Realtor based in the Dallas-Fort Worth area, is meeting with clients at the actual location where their future home will be built.

Your Realtor Contact Information

Ready to start your journey toward homeownership? Let’s chat! Reach out to me, and together, we’ll make your dream of owning a home in Dallas a thrilling reality. Contact me any time – your key to a new home is just a call or email away.

Shown in the photo: Oleg Sedletsky, a Realtor operating in the Dallas-Fort Worth area, diligently captures the ongoing construction journey of his clients’ new home.

Housing Report for Dallas-Fort Worth-Arlington Metropolitan Statistical Area – December 2023

Single-Family Homes SUMMARY

Sales volume for single-family homes decreased 3.95% YoY from 6,328 to 6,078 transactions.

Year-to-date sales reached a total of 84,438 closed listings.

Dollar volume rose from $2.92 billion to $3 billion.

The average sales price rose 7.06% YoY from $461,330 to $493,882,

The average price per square foot subsequently rose from $197.15 to $203.57.

Median price rose 0.78% YoY from $387,000 to $390,000,

The median price per square foot also rose from $189.63 to $191.49.

Months inventory for single-family homes rose from 2.2 to 2.5 months supply.

Days to sell declined from 90 to 88.

—

(Days to Sell = Days on Market + Days to Close)

(YoY – Year-over-Year is a calculation commonly used in economics or financial data to show how information from one time period compares to the year prior. )

Dallas-Fort Worth Housing Report December 2023 Realtor in Dallas-Fort Worth - Oleg Sedletsky 214-940-8149

Dallas-Fort Worth Housing Report December 2023 (single family homes residential)

December 2023 | YoY %

Home Sales: 6,078 | -3.95%

Dollar Volume: $3,001,814,002 | 2.83%

Median Close Price: $390,000 | 0.78%

New Listings: 5,939 | 8.87%

Active Listings: 17,855 | 6.96%

Months Inventory: 2.5 | 14.16%

Days to Sell: 88 | -2.22%

Average Price PSF: $203.57 | 3.25%

Median Price PSF: $191.49 | 0.98%

Median Square Feet: 2,117 | 0.76%

Close to Original List Price: 94.66% | 1.11%

COLLIN COUNTY HOUSING REPORT – December 2023

December 2023 | YoY %

New Listings: 990 | + 15.0%

Average Sales Price: $569,839 | + 3.5%

Median Sales Price: $476,000 | – 2.9%

Days on Market Until Sale: 49 | + 2.1%

Inventory of Homes for Sale: 2,557 | – 11.4%

Months Supply of Inventory: 2.0

Relocating to Dallas-Fort Worth?

Consider New Construction Homes in Celina, Texas

Celina, TX is located in Collin County Texas and is part of Dallas-Fort Worth metropolitan area.

About the data used in this report

Data used in Collin County report come from North Texas Real Estate Information Services, Inc.

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Feel free to reach out to me for more details about this home or if you’re searching for a multi-generational home in the Dallas area. I’d be happy to assist you in finding and acquiring your dream home!

Multi Generational Home in Dallas - 2 Story, 4 Bedrooms, 3,1 bathrooms, 3700 SqFt, two living areas, two separate entries, 60 foot lot-This floorplan is available in multiple locations in the Dallas area

Discover The Excellent New Construction Multi-Generational Home in the Dallas area. It's a 2-story, 3700 SqFt floorplan packed with awesome features.

Hey there! If you’re looking for a multi-generational home in the Dallas area, this post might be just what you need. I recently stumbled upon a fantastic multi-generational floorplan that I’m sure many people will love. This floor plan includes a separate section integrated into the home with its own separate entry. The best part is that you can build or buy this floorplan in multiple locations throughout Dallas-Fort Worth. How cool is that?

What really caught my attention are the numerous incredible features that come standard with this home. Plus, there are a few finish choices available to personalize the interior, so you can make it truly your own.

You Can Buy This Home!

The home showcased in the photos is actually available for sale with an asking price of $570,000, along with available incentives.

If you’re interested in purchasing this multi-generational home or any other similar properties in the Dallas area, please feel free to contact me at your convenience. Let’s work together to make your dream of owning a new home a reality!

Let’s check out the excellent features of this brand-new home!

This spectacular home has a whopping 3700 square feet of living space spread across two stories. It boasts four bedrooms, three and a half bathrooms, an office, a game room, two living areas, and a covered patio.

There are two distinct entrances.

As you approach the home, you’ll be greeted by a charming covered porch. The house boasts two separate entrances, each serving a distinct purpose. The first entrance leads to the main home, featuring a spacious living area and modern amenities. The second entrance grants access to a separate multi-generational section, offering privacy and convenience for extended family or guests.

Multi generational section of the home

The multi-generational area of the house has 1 living area, 1 bedroom and a full bathroom. This specific home doesn’t come with a kitchenette, but you can add that option when building or after buying the home. The first bedroom in the multi-generational section is 10×13 feet, and the second one is 10×11 feet in size.

The foyer

The grand foyer, with its soaring 16-foot-high ceiling, exudes an air of magnificence. As you step inside, your eyes are immediately drawn to the stunning architectural feature—an exquisite opening that connects the foyer to the second floor, creating a sense of openness and elegance.

The Office

The office in this beautiful home is 10×12 feet in size, providing ample space for a productive work environment. The room is adorned with these really cool farm-style Double Barn sliding doors, adding a touch of rustic charm. Moreover, there are two large windows that not only flood the space with natural light but also offer a picturesque view of the frontyard, creating a serene and inspiring atmosphere to work in.

Half Bathroom

The half bathroom, strategically positioned near the office, foyer, and laundry room, offers unparalleled convenience and accessibility for all occupants. Whether you’re rushing to freshen up before an important meeting, greeting guests in the welcoming foyer, Or if you need a brief respite from your household duties, this thoughtfully designed bathroom provides the utmost convenience and ease of use.

Laundry room

The laundry room, thoughtfully positioned right by the entry from the garage, offers the utmost convenience. With its abundant space, it provides ample room for all your laundry needs, making it a functional and practical addition to your home.

Living room

The living room features four large windows that bathe the space in abundant natural light, creating a beautifully illuminated ambiance. With its vaulted ceilings, flush-mounted LED lights, and a stylish ceiling fan, this room offers a perfect blend of elegance and functionality.

Kitchen

The spacious kitchen features a large island with abundant cabinets for ample storage. It also boasts a convenient built-in sink and dishwasher, effortlessly simplifying meal preparation and cleanup.. Pay attention to the luxury of the double oven and high-quality gas range, complete with a sleek stainless steel hood that efficiently exhausts to the outside. Adding to the elegance are the top-tier quartz countertops, providing both durability and sophistication. To enhance the ambiance, pendant lights gracefully hang over the kitchen island, casting a warm glow and adding a touch of modernity to the space.

Breakfast area

The breakfast area is absolutely massive! With its six large windows, it welcomes an abundance of natural light, creating a cozy atmosphere. Whether you prefer a leisurely breakfast or a vibrant brunch, this expansive space offers ample room to savor your meals and indulge in delightful conversations with loved ones.

Covered patio

Check out this huge covered patio! Perfect for enjoying the outdoors, whether it’s raining or basking in abundant sunshine!! It’s an exceptional find, as you rarely find such a spacious outdoor area at such an affordable price. With this expansive patio, you’ll have ample room to host gatherings, set up a cozy relaxation area, or even create your own outdoor oasis for all your favorite activities. Whether lounging in the sun, hosting BBQs, or simply unwinding after a long day, this house offers the perfect space for all your outdoor needs. Take advantage of this rare opportunity to own a home where you can truly embrace the joy of outdoor living!

Primary Bedroom

The spacious main bedroom features elegant recessed ceilings, adding a touch of sophistication and style. With three windows, it is flooded with natural light, creating a bright and inviting atmosphere.

Primary bathroom

The main bathroom is beautifully designed with a luxurious stand-alone bathtub, providing the perfect spot to relax and unwind. It also features separate vanities for him and her, ensuring ample space for personal grooming. The spacious shower boasts a comfortable sitting bench, allowing for a truly indulgent bathing experience. And let’s not forget the large walk-in master closet, offering plenty of storage for all your wardrobe essentials.

Game room

It’s a two-story home, so upstairs, you will find a massive game room that measures 23×11 feet, providing ample space for all your entertainment needs. It’s the perfect place to unwind, have fun with family and friends.

Finishes

This stunning multi-generational home is designed with exquisite attention to detail. Step inside and be captivated by the luxurious vinyl flooring that adds both style and durability. The top-notch fixtures throughout the house showcase the perfect blend of functionality and elegance. As you explore the home, you’ll notice the cool recessed LED lights that create a warm and inviting ambiance. The stylish faucets and fancy door handles add a touch of sophistication to every room. The kitchen is a sanctuary for chefs, boasting luxurious quartz countertops that offer abundant room for crafting culinary masterpieces. The high-quality carpet in the bedrooms offers plush comfort. At the same time, the beautiful tiles in the bathrooms elevate the overall aesthetic. This home truly encompasses the epitome of luxury living.

So, to wrap things up…

This multi-generational home has tons of awesome features that you won’t find in the typical residential homes offered by other builders at this price. It’s thoughtfully designed to cater to the needs of all generations living under one roof. With its open and spacious layout, this house is Ideal for hosting guests, family gatherings, and creating cherished memories with loved ones. The home offers plenty of natural light and a serene ambiance that creates a sense of calmness and tranquility. Plus, it boasts energy-efficient features that contribute to long-term cost savings.

Is it worth considering? I’d say absolutely! But at the end of the day, you’re the one calling the shots. It’s up to you to decide if it’s the perfect home for you!

Photo Gallery of the Multigenerational Home available in the Dallas area (75 photos)

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