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Inhalt bereitgestellt von Danny and Rebecca Burks and Rebecca Burks. Alle Podcast-Inhalte, einschließlich Episoden, Grafiken und Podcast-Beschreibungen, werden direkt von Danny and Rebecca Burks and Rebecca Burks oder seinem Podcast-Plattformpartner hochgeladen und bereitgestellt. Wenn Sie glauben, dass jemand Ihr urheberrechtlich geschütztes Werk ohne Ihre Erlaubnis nutzt, können Sie dem hier beschriebenen Verfahren folgen https://de.player.fm/legal.
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Tyler and Longview Real Estate Video Blog with The Burks Team
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Manage series 1144152
Inhalt bereitgestellt von Danny and Rebecca Burks and Rebecca Burks. Alle Podcast-Inhalte, einschließlich Episoden, Grafiken und Podcast-Beschreibungen, werden direkt von Danny and Rebecca Burks and Rebecca Burks oder seinem Podcast-Plattformpartner hochgeladen und bereitgestellt. Wenn Sie glauben, dass jemand Ihr urheberrechtlich geschütztes Werk ohne Ihre Erlaubnis nutzt, können Sie dem hier beschriebenen Verfahren folgen https://de.player.fm/legal.
If you are looking to buy or sell a home, get all the information and the latest updates, tips, and tricks from The Burks Team- your professional Tyler and Longview Real Estate Agents.
…
continue reading
22 Episoden
Alle als (un)gespielt markieren ...
Manage series 1144152
Inhalt bereitgestellt von Danny and Rebecca Burks and Rebecca Burks. Alle Podcast-Inhalte, einschließlich Episoden, Grafiken und Podcast-Beschreibungen, werden direkt von Danny and Rebecca Burks and Rebecca Burks oder seinem Podcast-Plattformpartner hochgeladen und bereitgestellt. Wenn Sie glauben, dass jemand Ihr urheberrechtlich geschütztes Werk ohne Ihre Erlaubnis nutzt, können Sie dem hier beschriebenen Verfahren folgen https://de.player.fm/legal.
If you are looking to buy or sell a home, get all the information and the latest updates, tips, and tricks from The Burks Team- your professional Tyler and Longview Real Estate Agents.
…
continue reading
22 Episoden
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×When you flip a home, you need to make sure that the investment will turn a profit. Today, I’ll show you what that looks like. Want to sell your Tyler Home? Get a FREE home value report Want to buy a Tyler Home? Search all homes for sale Today, I’m out at one of our flip properties that we’ve just started. A question that a lot of investors or would-be investors ask is, “Should I buy a property and hold it, or should I consider flipping it?” There is a difference between buying and holding a property and flipping it. When you’re flipping a property, you have to make sure that you have enough room to be able to make a profit somewhere in the neighborhood of 30% to 40% after you’ve factored in the cost of fixing it up. Otherwise, it’s probably not a wise decision to buy and flip a property. For flipping, you want to look for the worst house in a great neighborhood, and I don’t think it can get any worse than the house we’re flipping today. We’ve already filled a dumpster once and it’s just about full again. This will be a complete down-to-the-studs renovation. As I said, there needs to be room for value when it comes to buying a property to flip. When it’s all said and done, you’ll need to be able to make a profit after closing costs and other expenses. This home that we’re flipping is very distressed now, but because it’s in a good neighborhood in a great school district, there is a high chance of a good return on the investment. For flipping, you want to look for the worst house in a great neighborhood. Follow along in the video above for a look at what we’re doing inside of the home and to see what I mean by going down to the studs. We have knocked out the entire first floor of the home. Built in the 1970s, it will now become an open-concept home with an open kitchen, an island, a dining area, and more. It will be a complete transformation. As a 2,300 square foot, 3-bedroom, 3-full bath home with a 2-car garage, it will probably sell for around $240,000 once it’s finished. In a couple months, we’ll revisit the property to show you what it looks like after we’ve made quite a bit of headway in its renovation and to give you an idea about the costs involved. We do also look for homes where the flipping process won’t be as dramatic. It might involve taking down some wallpaper, changing out some fixtures, painting, and putting in new flooring. If you have any questions about flipping, if you’d like to see how much your home is worth, or if you’re thinking about investing, feel free to give me a call. You can also visit my website for a free valuation of your house. I look forward to hearing from you soon.…
Thank you to all of our friends, family, and clients for making 2017 so successful for us here on The Burks Team. On behalf of all of us, we hope you and your loved ones have a very happy holiday season and a wonderful new year. To get in the spirit of the season, we thought we would share some of our favorite holiday songs with you all today. To hear for yourself, watch this short video. We wish you a merry Christmas and a happy new year!…
We have a few tips and tricks to share with you that will make your move simple and stress-free. Want to sell your Tyler Home? Get a FREE home value report Want to buy a Tyler Home? Search all homes for sale If you’ve just bought or sold a house, congratulations! Now, of course, comes the moving part. Here are some of our best tips to make the moving process as smooth as possible for you. The first thing you need to do is prepare early. As soon as you’re under contract, you need to start talking to movers. The Burks Team lends out our own moving truck to our clients for free on a first-come, first-serve basis, so feel free to call us as soon as you get that offer. Next, start a schedule and plan a to-do list. When are you going to clear everything out of the attic? When are you going to box-up everything in the garage? Look at your cabinets, closets, and everything else and make a plan for when your family will get together and start packing. Speaking of packing, be sure to use labels on your boxes. Label all four sides and indicate on the labels what’s inside the box. Use different-colored markers or labels for different rooms. Cut a piece of painter’s tape and attach it to the door of each room in your new house so movers know which boxes go where. If it’s a long-distance move, you might want to number your boxes because you won’t be there to supervise and check that all of them make it safely to their new destination. Make a schedule and plan a to-do list before you do anything. For any breakable items like dinner plates, use styrofoam, dish cloths, or towels to wrap them and keep them secure in their boxes. When taking down picture frames off the wall, use some more painter’s tape to tape over the hanging hooks so when you’re ready to rehang them, you already have the right-size hook and nail. It’s also a good idea to have an “open-first” box, which is the last box to leave your old house and the first box to get unpacked at the new one. Items included in this box should be tools, toiletries, and other essentials. Next, eat your food! This way, you don’t have to pack all your freezer or pantry items. Whenever my family moved, my kids and I would have a "food night' before moving day, when we'd empty out our freezer and cook everything. Additionally, write down the addresses of everything you’re getting in the mail so you can notify everyone of your new address. Lastly, move your kitchen, bathroom, and closet items before you move the furniture. That way, when you move your furniture, you can find your clothes, toiletries, and you can get something to eat or drink if you want. If you’d like more moving tips or you’re thinking of buying or selling a house soon, don’t hesitate to reach out to us. We’d love to help.…
A lot of people were hit hard by the real estate market crash last decade. Now, those same people can reap the rewards of the market’s recovery. Want to sell your Tyler Home? Get a FREE home value report Want to buy a Tyler Home? Search all homes for sale Just a few years ago here in Tyler, we hit a pretty severe downturn in the housing market (and the economy as a whole). As a result, there were a lot of people from 2009-2012 who owed more on their homes than they were worth. That’s changed a lot in the last few years, however, as we’ve seen a dramatic increase in pricing. This is especially true for homes in the $250,000 and below range. When we spoke to homeowners during the market downturn, we had to start putting Kleenex out because so many of them ended up shedding tears over the loss of value in their home because of the crash. 60% of American homeowners have significant equity. We might have to start putting Kleenex out for those same people, though, because if they come in today and find out what their home is worth in this market, they’re likely to cry tears of joy. A recent study showed that 60% of Americans have dramatic equity in their home of at least 20%. Texas has been one of the leading states in the recovery , with home values increasing by 8% on average in the past year alone. If you’re considering selling your home, we currently have a shortage of inventory that you could take advantage of to sell for top dollar. If you have any questions for us or you want us to do a complimentary analysis of the equity you have in your home, don’t hesitate to give us a call or send us an email. We look forward to hearing from you soon.…
What's the biggest obstacle to homeownership? Want to sell your Tyler Home? Get a FREE home value report Want to buy a Tyler Home? Search all homes for sale According to a recent survey, "saving enough for a down payment" comes at the top of the list. A whopping 55% of prospective homebuyers cited this as their main stumbling block. And with the continuing growth of home prices, things aren't getting any easier. In fact, homeownership rates reached a 20-year low last November. It wasn't always like this. A decade ago, many lenders were offering easy, no-money-down mortgages. However, after the financial crisis, mortgage standards have become more restrictive. A typical mortgage now requires a 20% down payment. Here's the good news. If you have decent credit and a steady income, you might be qualified for a number of specialized programs that require no or very little down payment. Here are a few of the top options. First, there's the USDA loan, which is valid for homes in certain regions, such as rural and suburban areas. 55% cited the lack of a down payment as their main stumbling block. With zero money down and lenient credit requirements, the USDA loan can be a great choice for many homeowners. Second, there’s the VA loan, which you can apply for if you or your spouse served in a branch of the military. It's possibly the most generous zero-money-down mortgage because of low interest rates and low closing costs. Third, there's the FHA loan. It does require a 3.5% down payment— still drastically more achievable than the 20% required for a conventional mortgage. Finally, there are a number credit unions and first-time homebuyer programs that might apply to your particular situation. There’s one important thing you should know. If you get one of these no-money-down mortgages, chances are good you will be required to pay private mortgage insurance, which can drive up your monthly payments. Fortunately, private mortgage insurance will disappear after your mortgage balance is under 80%. Also, the money you do pay will be tax deductible in most cases. In short, there are lots of options to make owning a home a reality for you, even if you haven't saved up tens of thousands of dollars. And if you need more advice on getting a no-money-down loan, give us a call. We can put you in touch with some experienced Tyler area lenders who can answer your questions and help get you started.…
Buying your first home can be an incredibly exciting time. However, it requires a huge commitment and a sizable investment. Want to sell your Tyler Home? Get a FREE home value report Want to buy a Tyler Home? Search all homes for sale I want to share my three top tips to help first-time homebuyers protect themselves during this crucial period: 1. Know what you can afford Your mortgage is only a part of what you will need to pay when you buy a home. Homeownership comes with plenty of other expenses, including closing costs, taxes, property insurance, maintenance costs, and homeowner association fees. Once you have a clear idea of how much all of these items will cost, you can compare it to your current monthly expenses. Then you can figure out the kind of home you can honestly afford without getting carried away and without getting bogged down in debt. 2. Choose your lender wisely Choosing a lender is not something you should base only on the lowest rate. A competent and trustworthy lender will offer you advice on how to improve your credit and also help you take advantage of special homebuyer programs that might benefit you. But how do you find the right lender specifically for you? It's often best to get recommendations from friends who have already worked with a lender or from a real estate agent you trust. An inspection will cost about $300, but it can save you thousands. 3. Don't overlook the details There are many details that go into buying a home, and missing any of them can be a costly mistake. I always advise buyers to get a professional inspection done on their home, separate from the appraisal. An inspection will set you back about $300, but it can save you thousands of dollars down the line, and it can even prevent you from making a decision to buy a home that you would later regret. A second example is understanding the fine print in the various contracts you will be signing. If there's anything that isn't clear to you, talk to your real estate agent and have it spelled out. The process of buying a home can be intimidating, and that's why professional real estate agents are there to help. These three quick tips are only the start of the things you need to watch out for when buying your first home. If you need more advice or you are ready to start looking for a home, give me a call or send me an email. I love working with first-time homebuyers, and I can help you get your perfect new home with minimum hassle.…
If you have a pet and you're looking to sell your home, then read on for some helpful advice. Want to sell your Tyler Home? Get a FREE home value report Want to buy a Tyler Home? Search all homes for sale The good news is, many homebuyers are looking for a pet-friendly home. Two out of three of us have a pet, and 61% of pet owners say they have trouble finding a home that is a good match for their pet. In fact, a recent survey estimates that 31% of animal owners frequently don't put in an offer because a home would not suit their pet. This means that if your home is a good match for a pet, it will be attractive to a large pool of dedicated animal owners. On the other hand, 67% of Realtors also estimate that actually having a pet in your home can make it harder for you to sell. So what can you do? Here are three things we typically recommend: 1. Repair any damage Floors, walls, doors, the yard — these are some typical areas that pets love to chew, scratch, and dig up. Repairing this damage is an investment that will pay for itself many times over in terms of a higher selling price. 2. Get a professional to remove pet odors Many pet owners are less sensitive to odors in their home than prospective buyers will be. That's why you should hire a professional cleaning crew to clean any carpets, rugs, or upholstery that have absorbed pet odors. Pet owners are less sensitive to odors in their home than prospective buyers are. Once you're done with the cleaning, ask a friend or your Realtor for a sniff assessment to make sure the job is really complete. 3. Take your pet out during showings Some people are afraid of animals. Others are allergic. And regardless of the time, money, and effort you've put in to clean and repair your home, many buyers will be prejudiced by knowing that a pet currently lives there. That's why we recommend taking your pet out during showings and also removing any pet objects such as toys, food bowls, or scratching posts. By following these three simple guidelines, you will be able to sell your home for top dollar, whether the buyer is a pet owner or not. And in case you have any questions or concerns about preparing your home for a sale, give us a call. I’m here to help.…
Want to sell your Tyler Home? Get a FREE home value report Want to buy a Tyler Home? Search all homes for sale Merry Christmas! We hope you and your family enjoy all that this amazing holiday has to offer. We just wanted to take a moment to thank you for your continued support throughout the years. We wouldn’t be where we are today without your help! “ Merry Christmas from The Burks Team! ” It truly brings us joy to help you make your real estate dreams a reality. If you have any questions, please don’t hesitate to reach out to us. We’re here to help you in any way we can. In the meantime, have a very Merry Christmas!…
There are distinct advantages when it comes to selling your home during the holidays. Want to sell your Tyler Home? Get a FREE home value report Want to buy a Tyler Home? Search all homes for sale Today I wanted to talk about a topic that comes up pretty regularly for us this time of year: should you try selling your home during the holidays? A lot of people are under the impression that nobody buys houses over the holidays or during the winter months, but that’s not true. People buy houses all year. Granted, we don’t have as many buyers in the market right now as we would in May, June, or July, but the buyers that are out there looking are far more serious. “ People buy houses all year long—not just during spring and summer. ” From a seller’s perspective, there aren’t nearly as many houses on the market. Less inventory means that not only do buyers have less to look at, but you’ll have less competition against other properties. And don’t worry about holding off on the holiday decorations, either. Realtors can work around that kind of thing or use it to their advantage. What we do, for example, is take two sets of photos—once during the holidays and once after the holidays if the home hasn’t sold yet. If you have any questions about selling during the holidays, feel free to reach out to us by phone or email. We look forward to talking with you!…
If you feel like you’re flushing your money down the toilet when your investments are under-performing, have you considered investing in real estate? Want to sell your Tyler Home? Get a FREE home value report Want to buy a Tyler Home? Search all homes for sale Have you ever felt like you’re flushing your money down the toilet every month? If your investments aren’t performing, it’s not uncommon to feel this way. Did you know that one of the best investments you can make is in residential real estate? I’m joined today by my friend Doug Pe d erson, who owns about 750 “front doors” with his company, Twin City Properties. Doug says that one of his favorite things about real estate is that it’s a good investment in good times or bad. The stock market is volatile and can potentially crash, but real estate is a great place to park your cash. “ The first real estate investment is the scariest one. ” We’ve all regretted not investing in properties in the past because, as we all know, real estate tends to go up in value. One of the best things about residential real estate is that you have somebody else—a tenant—who is essentially purchasing that piece of property from you. This is a win-win proposition because the tenant has a place to live, and you have somebody else paying your mortgage every month. Doug cautions first-time investors that the first real estate investment is the scariest one, but it only gets easier from there. Don’t flush your money down the toilet! If you have any questions about getting your foot in the water, so to speak, as far as residential real estate investing, give us a call or send us an email. If you’re a first-time investor, we may even be able to talk Doug into giving you a few lessons in investing. We’d be happy to help you!…
Investing in rental property is a great way to increase your cash flow, but where do you start? Cheryl Peterson is here to guide you through the process. Want to sell your Tyler Home? Get a FREE home value report Want to buy a Tyler Home? Search all homes for sale There are a lot of people out there who are looking to invest in real estate, and many are interested in the opportunities for cash flow that rental properties provide. What should you look for in a rental property in the Tyler area? How should you design it? Today I’m joined by Cheryl Peterson, the Chief Design Officer at Twin City Properties, to answer these questions for you. Before deciding to purchase a rental property, Cheryl recommends making sure that you understand the neighborhood in which the property is situated. Pay attention to the kinds of neighbors around the property as well. Bad neighbors can shoot you in the foot more than the property itself, in some cases. When you find a property in a neighborhood you like that you think is a little bit undervalued, then that’s probably the one that you’ll want to buy. Even if the interior of the property is underwhelming on the surface level and has bad flooring, old paint, and ugly wallpaper, pay attention to the bones of the property. How many bedrooms and bathrooms does it have? Is there potential for renovation and remodeling? Try and look for the potential, rather than what’s simply visible in front of you. “ Pay attention to the property’s potential, not cosmetic flaws. ” Budget is another important aspect to consider, especially because you’re investing in this property to make money. To determine how much to spend on the property, Cheryl suggests first figuring out how much it would rent for before renovations. After that, her rule of thumb is to add an additional $100 onto rent for every $10,000 worth of improvements. For instance, if renovations to the property will total $30,000, you will need an additional $300 in rent to make up the difference. What are some of the most necessary improvements you should make to the rental property? Cheryl suggests looking at the electrical system and the plumbing first to make sure that they are up to par. Be sure to have some extra wiggle room in your budget to account for these unexpected costs. Because tenants don’t always treat rental properties the way they would a property they own, it’s important to renovate for protection. Cheryl recommends using vinyl flooring because it looks great and won’t absorb water or pet stains. Painting the property is also an important improvement to make. A nice coat of white semi-gloss paint on every room is great for lower-end rentals because it’s easy to clean once the tenant moves out. For higher-end rental properties, two-tone paint is usually the way to go. This paint is more expensive, so it’s important to hire a professional to ensure it is applied correctly. Cheryl’s go-to paint colors are Sherwin-Williams Creamy for the trim and Sherwin-Williams Practical Beige for the walls. These two colors go with everything! Hopefully Cheryl’s tips will help you when you’re looking for your next investment property. If you have any other questions about rental property design, give Cheryl a call at 903-561-2600. For any other questions related to real estate in the Tyler area, don’t hesitate to reach out to me. I’d be happy to help you!…
Want to sell your Tyler Home? Get a FREE home value report Want to buy a Tyler Home? Search all homes for sale The number one reason people complain about Realtors is simply that they can't reach them. They try to call, email, or text them and get no response, making communication the biggest problem people have with Realtors. The problem is, Realtors are juggling a lot of balls at once, between meeting with clients, showing properties, or business meetings. Sometimes it can be several hours before they can get back in communication with their clients. “ If you have a question , we have an expert the re to answer you. ” With today's cell phone technology, people want to get in touch very quickly. On the Burks Team, we try to solve this problem by having specialists. We have listing specialists, buyer agent specialists, and a whole team of administrators who can help with questions. Single agents are simply juggling too many jobs at once between showings and closings and everything in between. For example, we have a marketing expert constantly posting to channels like social media, websites, and magazines, and she's always there to answer questions. We also have a photographer for high-quality photos and buyer specialists who are out in the field showing properties. Our listing specialists are in constantly listing properties and are available to answer any questions you have. If you have any questions for us, please give us a call today!…
Want to sell your Tyler Home? Get a FREE home value report Want to buy a Tyler Home? Search all homes for sale Today I want to talk about why your home may be worth thousands of dollars more than you think. After the year 2008, the real estate market hit a bubble and we saw housing prices plummet. Over the next few years the market was severely depressed, and home prices were down. The last couple years, however, have seen those prices make a tremendous rebound. In certain price points, the effect has even been phenomenal. Your house may be worth more than you think it is because you may have been told by a real estate professional in the years immediately following 2008 that it was worth a certain amount of money. There is a good chance, however, that by today it may be worth thousands, even tens of thousands more than what they told you at that time. If you think that’s the case with your home, we would be glad to give a complimentary market analysis. There is actually a link on this page that allows you to fill out the necessary information to calculate a preliminary value, and we’d love to talk about that too. If you’re considering updates, then you’ll want to know how much value those updates would make. If you’re going to spend your money, we’d want you to spend it wisely and get the most bang for your buck. We’d be glad to have one of our listing partners talk to you about value. You might find out that you have thousands, or even tens of thousands more in equity than you had as little as three years ago. Until next time, thanks so much for joining us. If you’re interested in hearing more, give us a call or follow the contact information on this page for email.…
Want to sell your Tyler Home? Get a FREE home value report Want to buy a Tyler Home? Search all homes for sale Interestingly enough, when evaluating homes in a given neighborhood, we frequently see a disparity in final sale prices. We have seen many homes in the same neighborhood, sometimes even on the same street, sell for 10% more than their almost identical neighbor. How does this happen? The home that sells for more money has been fine-tuned and prepared in all the ways that allow it to fetch the highest price possible. Think of it this way ; d uring the Miss USA pageant, the women on stage don’t just show up at the event center that night. They spend months, even years, preparing for that single day. They have coaches that teach them how to walk, speak, and give the best presentation possible. When your home is listed for sale, you want it to present in its best light possible, too. You need to fine-tune your home by reducing clutter, touching up paint, addressing minor fixes, and much more. Do everything possible to make it shine! Buyers will pay more for quality and presentation. They fall in love with homes based on the feeling it gives them, and you can give buyers a great feeling by properly preparing your home. In fact, on average, you can earn up to 10% more. If you have any questions for us about how we can sell your home in less time, for more money, and for 98% of your asking price, give us a call or send us an email. We would be glad to give you a walkthrough and tips about how to get more money. We look forward to hearing from you!…
Want to sell your Tyler Home? Get a FREE home value report Want to buy a Tyler Home? Search all homes for sale Today, I’m in Tyler on my patio - right by my grill, where my sons recently cooked the world’s greatest gourmet hamburgers on my birthday a few days ago! We enjoy living outside, and we see more people wanting to bring their living space outside, too. We see more and more beautiful outdoor areas like decks, pool areas and gazebos. With spring coming, it’s the best time of the entire year to be outside. You can enhance your home’s value by fixing up the outdoor area. This could be landscaping, patios, pools, or barbecue areas. If you’re thinking about selling your home, a pristine outdoor area makes your home that much more appealing to the increasing number of buyers wanting outdoor areas. This is highly desirable to prospective buyers! I hope this information helps you as a homeowner. Don’t forget to listen to us every week on Tyler House Hunters Radio every Saturday morning on 92.5 FM. As always, if you have any questions, don’t hesitate to give us a call. As your local real estate resource, we look forward to helping you even more!…
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