Real Estate Chit Chat with Kristen Ueckert in Keller Texas


So, how's the real estate market?

"Sooooo, how is the market?" I love it when people ask me that question. And they ask it all the time! The answer is always the same for me... at first.


First, it depends if you're buying or selling. On the buying side, mortgage interest rates are still at, and have been my entire career (10 years), all-time historical lows. Reform (the good kind) prevents a heck of a lot more crap lending from happening as compared to 10 years ago. And things are pretty affordable around here (even with recent sales price hikes) as compared to the rest of the nation.

"Good" could be an understatement. Things are really pretty freaking awesome!

On the seller side it's even better than freaking awesome. Sellers are getting multiple offers in days. Enough said.

What qualifies me to answer this "How's the market?" question with facts, honesty and ease? I've lived here all my life. I serve both buyers and sellers in the Dallas/Fort Worth metro area. I'm a broker-owner with a small firm in D/FW with agents all over town. And I serve on a professional committee at the state association level. So I'm very familiar with this market and can answer any real estate related question in short factual statements or we can dig in and talk shop for hours -- love to talk about it. Although I serve both buyers and sellers, somehow this week was buyer rep heavy. So... I will share.

Here are some buyer scenarios that happened just this week:

Scenario One - Yard Guys, Primary Residence, First Time Home Buyers, Fort Worth

My yard guys are buying a house! Very proud of these independent business owners who are doing things just right to, after two years of knowing them, have established their business well enough in Texas to qualify to buy a home! It's really hard owning a business to qual... I know. I am one!

They looked at 5 houses with me in February. They made an offer on one and offered less than list price. They were one of 5 bids. The listing agent solicited for highest and best. The skeptic in them stayed strong (at what was likely the lowest of the 5 bids). We lost. We asked the listing agent to hold it as backup. A month later, lucky me, (2 weekends of showing later, a couple of offers not accepted later) the agent called back! Deal. But it took them a while to really fully understand this market and what it would take -- yip -- above list price offer to seal this deal. Just is what it is...

Scenario Two - Childhood Neighbors, Experienced Investors, Keller

This client I've known since childhood. They are now investing. They understand this market 100%. They called to look at one house. Tenant occupied. Immaculate. Looked for 5 minutes. Maybe 4. Cash flows fine. They made a clean as a whistle full list price offer on the spot. Got it.

Scenario Three - Lifelong Family Friends, Primary Retirement Residence, Grapevine

Looked at three. Liked none. Looked a 2nd time at a few more. Liked one. Made offer. Already in negotiation. Backup. Looked the next day. Liked another. Made offer. No go. Liked another. Made offer. Yes. But they replied to us 3 days later. Made the buyer frustrated, they said never mind. Made an offer yesterday. Nope. Backup. This could go on... Grapevine is hot. One of the above-mentioned, I dropped what I was doing, left and showed before the agent had the showing instructions posted. Got there, parked, waited on his call back, showed, still too late?! Yip. Still looking... hour-by-hour watching going on!

It's a zoo. And I love it! That's how the market is!

DFW Real Estate

Ueckert Realty Logo

1 commentKristen Ueckert • March 22 2014 06:22AM
So, how's the real estate market?
"Sooooo, how is the market? " I love it when people ask me that question. And they ask it all the time! The answer is always the same for me… at first. "Good! " First, it depends if you're buying or selling. On the buying side, mortgage… more
Chance is 12 today
Kids are such a month of Sunday Funnies. My little one (who is taller than I am and wears mens size 11 shoes) turns 12 years old today. He still hasn't outgrown the costume thing from when he was 4… We have gone from Woody to Sportacus to Superman… more
5 To Dos Before Marketing Your Home For Sale!
1. Flower up curb appeal Do the lawn and bushes look neatly manicured? Could it use more? Are pretty flowers or plants framing the entrance? Is the walkway free from cracks? Does it smell like blooms or manure as you approach the front door? Are… more
Top 10 Buyer Agent Oops'
Top 10 Buyer Agent Mishaps (I hope I don't make today! ) Leave the office. Leave the lockbox keycard on the charger… At the office. Leave the office with the lockbox entrycard. But it's not updated/charged. Leave the office without your… more
Why do we park on driveways and drive on parkways?
My 11-year-old son is an endless sea of questions. He asked me why we drive on parkways and park on driveways. He asked me why cars have shipments and ships have cargo. He has some really good questions! Just when I unloaded the Kiddie Cadi,… more
Top ten DOs and DON'Ts when getting a mortgage loan
Lenders LOVE to fly through a smooth lending process just like home buyers do and just like agents do. Lenders encourage you to plan ahead and then stick to the plan through closing so the deal doesn't grow legs and walk away. Here are the top 10… more
Another Repeater Client in Briarwyck - Meritage Homes
Today I'm spending some time selling a home in the community of Briarwyck in Roanoke The client is a valued and treasured repeater client allowing me to assist in their purchase of new construction I'm super pumped! Really really like this… more
It's 40 in Ft. Worth, 70 in Dallas & I'm 10 years old this Christmas!
So it's 40 in Funkytown and 70 in Big D yesterday around noon. No, I'm not talking about the housing market or anything related, at this point, this famous or infamous Texas weather is nutso right now. I think I just heard and felt thunder rattle… more
Disclose Disclose D I S C L O S E
If ever there was a house with a history, I am selling it. In fact, I would classify it more as infamy See, I subscribe to a foreclosure list and my investors beat it down. They buy houses at the court house steps and they take on the biggest… more
5 Things: Listing a Home for Sale
#1 Organize and clean De-clutter! Items like rarely used kitchen appliances, out-of-season clothes, half the toys, and dusty exercise equipment need to GO Store items off-site or in boxes neatly arranged in storage areas. Clean windows, floors,… more