7115 Thurston Dallas - Lease near Love Field & Medical District

This gorgeous 2016 custom home is a rare find with TWO MASTER SUITES! Yes, TWO MASTER BEDROOMS!!!

2,291 sf - 4 beds - 3 baths

This home features 12 foot ceilings, wood floors, open floorpan, wood burning fireplace, two masters, walk in closets, tub & shower, dual vanities, granite counters and no shortage of counter & storage space. All while being down the street from Love Field, the medical district, N Dallas shopping and I35E for convenience. Location! Location! Location!

Feel free to reach out with any questions or to schedule a private showing!

7115 Thurston Walk Through

Will This Real Estate Market Finally Crash 2022 | Will The Bubble Burst?

This is a question I hear about all the time, Will this real estate market finally crash in 2022?  Will the bubble burst in 2022?  Which is a legitimate concern as this market is putting up some really record breaking numbers.  The sales are high, inventory is low, buyer demand is high and prices are rising at a record pace.  It will only make sense for people to ask if this real estate market will finally crash in 2022.

Record Years

The past three to four years have been extremely hot, very much above average and record setting in many ways.  Those records have continued to be set in this strong real estate market.  Many economist will tell you that many things in the economy can be cyclical so it would only seem obvious to think we are up for a real estate market crash.  The last real estate crash was caused by bad lending practices, of which do not exist today.  So what could give to keep this year from being a record year in the real estate market?

Inventory

There are so many factors that have caused the surge in the real estate market for the past few years but inventory has been a big factor.  The inventory problem has been going on for much longer and in the past few years has caused the prices to increase.  As anyone who has taken an economics class the idea behind supply and demand is when there is a short supply and the demand is high, prices go up.  That is where we have been for the last few years and I see the real estate market continue to have the shortage of inventory.  I don’t see a solution to the low inventory problem anytime soon.  Builders can not keep up due to shortage of labor, a supply chain that is not dependable, demand is high and prices for more land is high.  All these factors lead me to believe the inventory in the real estate market for 2022 will continue to have a low inventory of homes to sell.

Demand

Buyer demand in the last 8 years has been strong and the last three years have been really at the peak.  With a good economy in place here in the Dallas Fort Worth area, buyers have felt very good about purchasing a home and making the long term commitment.  What has been a bit of a surprise is how much the buyers have been willing to pay to get in to a house, many times over asking and appraisal.  With the economy still strong overall, I expect the real estate market to continue to have a strong demand from buyers and cause the real estate market to continue to be hot.

Interests Rates

The US Federal Reserve has indicated rates would be going up in 2022 and have already started going up.  The 2022 real estate market will certain have some sort of reaction to these, which is why I think it will slow appreciation compared to last year.  However I still think it will be a strong market with no real estate crash in 2022.

Real Estate Crash 2022?

I have no reason to believe the real estate market will crash in 2022.  I don’t believe there is a bubble to burst.  However I do believe this year may not be a record breaking year but it will still be a very strong market.  The real estate market going in to 2022 is still too strong to be anywhere near a normal market, much less a real estate market crash in 2022.  So I expect a strong year, maybe not record setting, and maybe cooling off, but still a good year but certainly not a real estate market crash or a bubble bursting in 2022.

With the heart of a teacher I seek to educate my clients about the process of buying, selling or renting real estate.  I strongly feel an informed and educated consumer will be more confident & make better decisions.

Have questions about this or other topics, do not hesitate to contact me.

Don’t forget to “LIKE” this video and be sure to Subscribe to my YouTube Channel as well.

Luis is a Dallas/Fort Worth area Realtor and Broker for Serve Realty. He enjoys the Dallas/Fort Worth area, houses, and helping clients buy and sell real estate.

Email: Luis@ServeRealtyTx.com

Call/text me if you are looking to buy / sell a home in the Dallas Fort Worth and surrounding area! 214 783-0535 

Luis Cuevas, Broker/Realtor®

Serve Realty

(214) 783-0535

Luis@ServeRealtyTx.com

Follow Luis:

http://ServeRealtyTx.com

YouTube Channel:

http://Youtube.com/MakeNorthTexasHome

Facebook:

http://Facebook.com/MakeNorthTexasHome

Another Bad Flip House - Signs Of A Bad Flip House

As the market continues to have high demand, low inventory and rising prices you can count on more people getting in to flipping homes.  The problem is most don’t do a good job and some will flat out try to hide the problems.

This property in the Dallas Fort Worth area is a good example of some typical signs I see of a bad flip job.  Now what I show is just things that are visible by walking the property but it is a good indication usually of how the property is overall.  On this property there are a lot of signs of trying to cover up the problems with paint or fancy finishes, however the bad job still shows through.

When I go through a property with clients I look for this sort of stuff and point it out to clients.  While it does not make up for an inspection it can certainly give the client the idea of how this property was prepared for the market.  Usual signs are lack of landscaping, dry soil around the perimeter of the home, cracks showing through, and overall bad finishes.  An old roof is typical because flippers either don’t want to pay for a new one or insurance won’t cover it.  

The list goes on, however next time you see those nice pictures of a listing, be sure to look at it carefully for yourself.  Once you get there you will get the overall picture of the property.  How does it smell?  What is the condition like?  Foundation?  Roof?

Work with an agent who will help point out some of these details and look out for those signs.  The market is hot and you can expect to see more bad flips out there so beware!

With the heart of a teacher I seek to educate my clients about the process of buying, selling or renting real estate.  I strongly feel an informed and educated consumer will be more confident & make better decisions.

Have questions about this or other topics, do not hesitate to contact me.

Don’t forget to “LIKE” this video and be sure to Subscribe to my YouTube Channel as well.

Luis is a Dallas/Fort Worth area Realtor and Broker for Serve Realty. He enjoys the Dallas/Fort Worth area, houses, and helping clients buy and sell real estate.

Email: Luis@ServeRealtyTx.com

Call/text me if you are looking to buy / sell a home in the Dallas Fort Worth and surrounding area! 214 783-0535 

Luis Cuevas, Broker/Realtor®

Serve Realty

(214) 783-0535

Luis@ServeRealtyTx.com

Follow Luis:

http://ServeRealtyTx.com

YouTube Channel:

http://Youtube.com/MakeNorthTexasHome

Facebook:

http://Facebook.com/MakeNorthTexasHome

Home Partners Of America Lease With The Option To Buy |Property Example | Luis Cuevas Realtor® | Serve Realty

Home Partners Of America has a great Lease With The Option To Buy program which I am a big fan of, but today I wanted to show you an example of a property a client chose with the program.  This property is a textbook example of why I love the program and you should too!

First if you don’t already know about the program be sure to check out my review about Home Partners.  The program is addressing a problem facing many potentials buyers in this market from those looking to lease or even buy.  Be sure to check out my post where I explain the different ways to use Home Partners Of America program.

This property I am showing is in the Dallas Fort Worth area which my clients moved in to by using the Home Buyers of America Lease With The Option To Buy program.  The property is full of TLC, which is something most rentals would not have.  Remember most rental properties would be lacking TLC, no upgrades and very plain Jane.

This property had all new windows, beautiful flooring through out, updated kitchen and bathrooms along with a gorgeous neighborhood.  Now all those are things most renters don’t always get because most landlords just don’t want to put the money in to a home if it is just being rented out.

The beauty of the Home Partners Of America Program is the client can lease it and at any time purchase the property back from Home Partners of America at a predetermined price.  This allows the client to take advantage of different factors, first they don’t have to fight anyone for the property.  They buy the property on their timeline when they are ready.  The client can use their own financing like VA or FHA financing, both of which are not very competitive in today’s market.  And finally the price they buy it often ends up being less than the appraisal value of the home.

I could go on about this program but the bottom line is there are several ways Home Partners of America can help you.  From leasing a property until you are ready to buy or helping you secure a home you really like using their cash!  

If you are interested in finding out where you stand with the program and applying, be sure to use my link below.  This link allows you to apply but also get to work with me who has experience with the program and not be assigned to a random agent who may not be familiar with the program.

APPLY HERE: LINK

With the heart of a teacher I seek to educate my clients about the process of buying, selling or renting real estate.  I strongly feel an informed and educated consumer will be more confident & make better decisions.

Have questions about this or other topics, do not hesitate to contact me.

Don’t forget to “LIKE” this video and be sure to Subscribe to my YouTube Channel as well.

Luis is a Dallas/Fort Worth area Realtor and Broker for Serve Realty. He enjoys the Dallas/Fort Worth area, houses, and helping clients buy and sell real estate.

Email: Luis@ServeRealtyTx.com

Call/text me if you are looking to buy/sell a home in the Dallas Fort Worth and surrounding area! 214 783-0535 

Luis Cuevas, Broker/Realtor®

Serve Realty

(214) 783-0535

Luis@ServeRealtyTx.com

Follow Luis:

http://ServeRealtyTx.com

YouTube Channel:

http://Youtube.com/MakeNorthTexasHome

Facebook:

http://Facebook.com/MakeNorthTexasHome

2022 Advice For Buyers From A Realtor®

2022 is shaping up to be another tough year for buyers looking to purchase a home.  With low inventory and high demand it will be very competitive to get your offer accepted.  I wanted to share my thoughts as a real estate agent, broker and Realtor® on what buyers can do to make their home search more successful.  

1. Be PREPARED! - Yes it sounds obvious but be ready to make competitive offers. The market is hot so be ready to see high prices, multiple offers and properties moving in a matter of a few days.

2. Know Your Market - Know what you are looking for, how big, how many square feet, what area, what school district, what side of town, etc. The more the better, this will get you to really be focused on the area but more importantly know the area. Know how fast homes move, what sales prices to expect, and how much over list price they usually sell for. The biggest shock unprepared buyers have is having false expectations or hoping to find a home that just doesn’t exist in this market.

3. Details Matter - Too often you hear about buyers making offers way over asking price and they don’t get their offers accepted… WHY? Because not all offers are the same and details matter. Instead take the time to go over the contract with your agent, discuss how your offer can be made to be more competitive.

4. Lender Choice - Not all mortgage lenders are the same and it matters to listing agents and sellers. As a buyer you might like the marketing of certain lenders but it is the listing agent who knows who does a good job and who creates delays in closing. As your agent for a lender recommendations and go with a local choice, chances are they are well known for doing a good job with listing agents.

5. Get Full Approval - Having a pre-qualification just isn’t enough in this market, the further approved you are the better. Pre-qualifications are easy to get, full approvals are not. Take the time to go through the process to be fully approved and it will make your offer stand out. Why? Because the seller will know you are much further along and vetted by the lender than someone with a pre-qualification.

6. Act Fast - Listings are usually on the market for less than a week, and in hot times usually a few days so be prepared to act fast. That means you go view those homes on the first or second day it hits the market. The weekends are still the most popular but be ready at any time.

Bottom line is to be prepared, know what to expect, know the stats and don’t forget the details.  Don’t let other buyers bad experiences ruin yours, instead get with the right agent to show you what it takes to be competitive and in the best spot possible to have your offer accepted.

With the heart of a teacher I seek to educate my clients about the process of buying, selling or renting real estate.  I strongly feel an informed and educated consumer will be more confident & make better decisions.

Have questions about this or other topics, do not hesitate to contact me.

Don’t forget to “LIKE” this video and be sure to Subscribe to my YouTube Channel as well.

Luis is a Dallas/Fort Worth area Realtor and Broker for Serve Realty. He enjoys the Dallas/Fort Worth area, houses, and helping clients buy and sell real estate.

Email: Luis@ServeRealtyTx.com

Call/text me if you are looking to buy / sell a home in the Dallas Fort Worth and surrounding area! 214 783-0535 

Luis Cuevas, Broker/Realtor®

Serve Realty

(214) 783-0535

Luis@ServeRealtyTx.com

Follow Luis:

http://ServeRealtyTx.com

YouTube Channel:

http://Youtube.com/MakeNorthTexasHome

Facebook:

http://Facebook.com/MakeNorthTexasHome

2022 Dallas Fort Worth Housing Forecast

2022 is upon us and I wanted to share my thoughts on what to expect this year in the Dallas Fort Worth Texas Real Estate market!

Keep in mind, real estate is local, so what happens at the national level doesn’t always happen at the local level.  There are too many factors at the local level that do not apply elsewhere.

Also remember these last few years have been record setting, so continuing those numbers is not realistic.  However even if we come close it is still an amazing year.

Buyer demand is very strong, and there are still many buyers who have not been successful getting in to a home.  I expect that demand to continue this year and make it a strong year.

Property inventory remains historically low with no change in sight.  Buyer demand exceeds the inventory by a large margin and builders are not providing enough homes to keep up.  Builders are experiencing labor shortages, supply disruptions and more expensive land to build on.

All that to tell you… 2022 will be a strong year in real estate here in the Dallas Fort Worth Texas area.  Low inventory, high demand will push sales prices up and keep up the strong market.  Will it be record breaking?  Maybe not, but as long as it is close, it will be strong enough to be a very hot market.

How Will Higher Interest Rates Affect The Real Estate Market?

Well 2022 is here and while 2021 saw record low rates, 2022 will see those rates start to go up. How will those rise in rates affect 2022?

So we have known for months now that a rate hike has been long overdue and the Federal Reserve made it very known that rate hikes were in the future. Well 2022 is the future, so now what?

My straight forward response is it will slow things down, but the market will continue to be strong. Maybe not record setting numbers but still strong. Why? The economy overall continues to be strong in the US and especially here in the North Texas area. With that comes very strong buyer demand, and the inventory shortage continues. So with those two items at hand I see the market being able to absorb the hikes to come out strong.

But please know, prices will not rise as quickly, less buyer demand and maybe inventory that is on the market longer than before. Please know these past few years have been beyond strong, and that trend just can not continue. However just know just because the market slows just a bit doesn't mean it is slow by any means, it just means it may still be strong but not record breaking. We will still be VERY far from a normal market.

With the heart of a teacher I look to educate my clients about the process of buying, selling or renting real estate. I strongly feel an informed and educated consumer will be more confident & make better decisions. Have questions about this or other topics, do not hesitate to contact me.

Don’t forget to “LIKE” this video and be sure to Subscribe to my YouTube Channel as well.

Luis Cuevas, Broker/Realtor®

Serve Realty

(214) 783-0535

Luis@ServeRealtyTx.com

Check out my website for more helpful tips: http://ServeRealtyTx.com

Subscribe to my YouTube Channel: http://Youtube.com/MakeNorthTexasHome

Follow me on Facebook: http://Facebook.com/MakeNorthTexasHome

Hard Money Financing - My Thoughts

Hard Money Financing - My Thoughts

With low rates, booming real estate values and a good economy more and more investors are getting in to the real estate investment game. Not all investors have the funds so they turn to hard money lenders for help. Here are my thoughts on hard money lending, what it is and how it works.

With the heart of a teacher I look to educate my clients about the process of buying, selling or renting real estate. I strongly feel an informed and educated consumer will be more confident & make better decisions. Have questions about this or other topics, do not hesitate to contact me.

Don’t forget to “LIKE” this video and be sure to Subscribe to my YouTube Channel as well.

Luis Cuevas, Broker/Realtor®

Serve Realty

(214) 783-0535

Luis@ServeRealtyTx.com

Check out my website for more helpful tips: http://ServeRealtyTx.com

Subscribe to my YouTube Channel: http://Youtube.com/MakeNorthTexasHome

Follow me on Facebook: http://Facebook.com/MakeNorthTexasHome

RANT - Interest Rates

Interest rates are at all time lows and yet a client wants them lower… that is what my rant is about today. So a client made the comment about interest rates being too high, which as we speak they are at all time lows. They want them even lower before buying and I had to explain to them how low rates are and how we got here.

I give a bit of perspective on how low the rates are historically and when you take that in to account you realize how low they really are. Imagine 20 years ago when I purchased my home anything under 7 was great. In the 80’s it was not uncommon to see rates in the double digits with 20% down. If you were to do that today you would be considered weird to say the least. People would panic if you couldn’t purchase a home without less than 20% down.

Given the minimum 3.5% down and some loans even lower with an interest rate in the low 3’s… well that is just plain ridiculously low. How much lower will they go? I don’t think they will they only have one way to go and that is up.

With a heart of a teacher I look to educate my clients about the process of buying, selling or renting real estate.  I strongly feel an informed and educated consumer will be more confident & make better decisions.

Have questions about this or other topics, do not hesitate to contact me.

Don’t forget to “LIKE” this video and be sure to Subscribe to my YouTube Channel as well.

Luis Cuevas, Broker/Realtor®

Serve Realty

(214) 783-0535

Luis@ServeRealtyTx.com

Check out my website for more helpful tips:

http://ServeRealtyTx.com

Subscribe to my YouTube Channel:

http://Youtube.com/MakeNorthTexasHome

Follow me on Facebook:

http://Facebook.com/MakeNorthTexasHome

Financing A Mobile Home Differences From A Traditional Home

Financing A Mobile Home Differences From A Traditional Home

Financing a mobile home has its differences from a loan on a traditional home. Too many buyers get surprised to find out the differences and I wanted to share those differences so you don't end up surprised.

First let us realize there are some differences between a traditional stick and brick home and a mobile home. A mobile home has a different foundation, different building materials, typically sits on an acre of land and has a septic system. For some of these reasons the financing requirements, fees and inspections are much different.

I cover all these difference in details along with the added costs. One last thing to keep in mind is the fact that many lenders will not finance a mobile home. Sometimes even if the financing is available the loan officer won't do it... why? Well because it is more work and typically a smaller sales price. For this reason it is important you go with an agent who is familiar with these types of transactions and lenders who will do the loans as well.

I hope you find this helpful and of value!

With the heart of a teacher I look to educate my clients about the process of buying, selling or renting real estate. I strongly feel an informed and educated consumer will be more confident & make better decisions. Have questions about this or other topics, do not hesitate to contact me.

Don’t forget to “LIKE” this video and be sure to Subscribe to my YouTube Channel as well.

Luis Cuevas, Broker/Realtor®

Serve Realty

(214) 783-0535

Luis@ServeRealtyTx.com

Check out my website for more helpful tips: http://ServeRealtyTx.com

Subscribe to my YouTube Channel: http://Youtube.com/MakeNorthTexasHome

Follow me on Facebook: http://Facebook.com/MakeNorthTexasHome

Financiamiento De Casas Móviles

Financiamiento De Casas Móviles

La financiación de una casa móvil no es lo mismo que una casa tradicional. Quiero repasar algunas de las diferencias que puede esperar cuando se trata de financiar una casa móvil.

Luis Cuevas, Broker/Realtor®

Serve Realty

(214) 783-0535

Luis@ServeRealtyTx.com

Check out my website for more helpful tips: http://ServeRealtyTx.com

Subscribe to my YouTube Channel: http://Youtube.com/MakeNorthTexasHome

Follow me on Facebook: http://Facebook.com/MakeNorthTexasHome

Are Your Real Estate Taxes Going Up?

My favorite time of the year is the fall and September starts that off with really welcomed cool fronts that I enjoy! But it isn’t all fun in the fall, it also means the different taxing entities are finalizing their budgets and tax rates and that is what I wanted to talk about today!

Yes I know it isn’t the most exciting but I have to say it is necessary to be informed about this matter. Don’t worry I did all the hard work so you can relax and enjoy the video!

In September the taxing entities set their budgets and rates and that is exactly what I will cover. I am covering specifically the Lewisville area which includes the city, county and ISD. In general all were effected by the pandemic and it is reflected in their budgets. Keep in mind that all the entities are doing their best and I was impressed by their actions.

All this is important because in a few weeks you will be receiving your property tax bill and that determines if your mortgage goes up. If you have questions on this you know you can always reach out and I will be happy to be of assistance!

With a heart of a teacher I look to educate my clients about the process of buying, selling or renting real estate.  I strongly feel an informed and educated consumer will be more confident & make better decisions.

Have questions about this or other topics, do not hesitate to contact me.

Don’t forget to “LIKE” this video and be sure to Subscribe to my YouTube Channel as well.

Luis Cuevas, Broker/Realtor®

Serve Realty

(214) 783-0535

Luis@ServeRealtyTx.com

Check out my website for more helpful tips:

http://ServeRealtyTx.com

Subscribe to my YouTube Channel:

http://Youtube.com/MakeNorthTexasHome

Follow me on Facebook:

http://Facebook.com/MakeNorthTexasHome

Rant - Interest Rates In Perspective

Interest Rates In Perspective - Today’s RANT

Recently I was discussing a beautiful property that a client really like, it fit all their criteria but there was one problem… the interest rate at the moment was too high for them. Today’s rates are in the low threes and they are there after some historic lows and lots of federal stimulus. What I am trying to say is there have been some crazy events happening including a recession, depression and a pandemic which caused the government to keep the rates low… yet this couple thought they were still too high.

So I had to take a moment to explain how we got to the rates we have now and how ridiculously low they were historically speaking. In the video I give my thoughts and look at rates in the past in comparison to today to get a better perspective.

The reality is rates are very low, them going lower is just hard to imagine, especially with all that happen to get here. I always try to keep my clients well informed so they can make an educated decision but sometimes the expectations are just realistic… so I create a RANT video, LOL.

With a heart of a teacher I look to educate my clients about the process of buying, selling or renting real estate.  I strongly feel an informed and educated consumer will be more confident & make better decisions.

Have questions about this or other topics, do not hesitate to contact me.

Don’t forget to “LIKE” this video and be sure to Subscribe to my YouTube Channel as well.

Luis Cuevas, Broker/Realtor®

Serve Realty

(214) 783-0535

Luis@ServeRealtyTx.com

Check out my website for more helpful tips:

http://ServeRealtyTx.com

Subscribe to my YouTube Channel:

http://Youtube.com/MakeNorthTexasHome

Follow me on Facebook:

http://Facebook.com/MakeNorthTexasHome