Real Estate Information Archive

What must a Buyer Know in Multiple Offer Situations? 

If you walk in a home and instantly fall in love with it, the odds are pretty high you aren’t the only one. (Click HERE for Why!) Welcome to multiple offers. The best thing you can do is make an offer as soon as you are comfortable and make it good.

Buyers often pass over making an offer for the simply the fear of being in multiple offers. Don’t let your fear get in the way!  Don’t assume that you may not have a chance; get your offer in. There is always a chance that your offer may just be what the sellers are looking for.  Likewise, very often we see buyers & agents get overly discouraged in a competitive market and fail to submit their offer based on a false assumption of multiple offers. 

Should a property receive multiple offers, the seller will likely request a highest and best with a deadline for submission.  However, a seller is not required to do so!  It is not uncommon for a seller’s needs to be met by one particular offer (a stand out offer) and they don’t request highest & best - they simply try and work with the offer the best suits their needs.  Remember, there is more to the offer than price alone.  If you can offer the seller flexibility with the closing date, or perhaps allowing the seller to stay in the home for a few days after closing, you may just win the day.

First discuss your strategy with your agent, and understand your options.  Be frank in your desire for a particular house; this way, your strategy can support your needs.  Second ask yourself what this home is worth to you and what you are willing to lose it over.  Simply put, there is a price that keeps the house attractive, and a price where "losing" the offer is acceptable.  Lastly, ask your lender about your options to make sure the home & strategy remain affordable in your set budget.

Something to remember, in Texas, a seller is not required to disclose if they have more than one offer!  And there are times when a seller may feel requesting a "highest & best" offer is not in their best interest.  That is why you may want to put out your best offer forward, if it is a home you truly want.  When you put your best offer forward, you know that should the seller select another offer, it was at terms or a price greater that you were willing to pay. 

If you end up in a multiple offer scenario, we can help you create a strategy that you feel will put you in the best position to meet your goals.  The most important thing to remember, do not get discouraged!  The answer is always “No”, if you don’t make the offer!

Christie Cannon  REALTOR

The Christie Cannon Team

Keller Williams Realty Frisco 

469.951.9588: Mobile

972.215.7747: Office

www.christiecannon.com

Voted as one of the BEST Realtors in D Magazine for 2010-2016

Voted as a Five Star Professional 2012-2016 Texas Monthly Magazine

Name among America's Best Real Estate Agents by Real Trends Magazine

Certified Luxury Home Marketing Specialist

#1 Keller Williams Agent 2011-2015

Top 100 Agents in the Nation / KW

4783 Preston Rd #300 Frisco TX 75034

Why am I affiliated with Keller Williams Realty? - Christie Cannon | Keller Williams Frisco

My affiliation with the fastest growing and largest Real Estate company in the world is no accident!  With my business partner and husband holding an independent Broker’s license, and given my long experience in real estate – the opportunity to be affiliated with any number of brokerages and companies is available.

I wanted to affiliate my real estate services, and The Christie Cannon Team, with a company whose values closely match my own, a company that offered exceptional tools for their agents to in-turn provide an exceptional home-buying and home-selling experience to each client, and a company that actually listened to suggestions from its agents.  That is why we choose to be affiliated with Keller Williams Realty.

Here is the belief system at Keller Williams Realty, simple, clear, effective, and powerful:

– WI4C2TS –

Win Win or no deal

Integrity to do the right thing

Customer always comes first

Commitment in all things

Communication seek first to understand

Creativity ideas before results

Teamwork together we achieve more

Trust starts with honesty

Success results through people

It is a belief system, mission, vision, and set of values that mimic our own.  We are proud to be part of this culture and commitment to excellence.  We are proud to be part of company that focuses not on only on service, but on selfless-ness. Keller Williams Realty is company that understands, and has been recognized, for understanding that the culture of a company is every bit as important as its economic model.

With a business belief system this well-defined, I am assured that my past and current customers always come first. It’s Keller Williams Realty’s & The Christie Cannon Team’s commitment to you.

Christie Cannon  REALTOR

The Christie Cannon Team

Keller Williams Realty Frisco 

469.951.9588: Mobile

972.215.7747: Office

www.christiecannon.com

Voted as one of the BEST Realtors in D Magazine for 2010-2016

Voted as a Five Star Professional 2012-2016 Texas Monthly Magazine

Name among America's Best Real Estate Agents by Real Trends Magazine

Certified Luxury Home Marketing Specialist

#1 Keller Williams Agent 2011-2015

Top 100 Agents in the Nation / KW

The Christie Cannon Team | Keller Williams Frisco TX | www.christiecannon.com

4783 Preston Rd #300 Frisco TX

More Staging Tips to Help You Sell Faster and for More Money, from Christie Cannon | Keller Williams Frisco Tx

Buyers love built-in bookshelves. There’s a fine line between filling them with clutter and staging them to sell. The trick is to arrange neutral items in clusters. Make sure that no single accessory stands out too much. That way, you’ll show off your attractive built-ins, and not your personal belongings.

Curb appeal is vital to attracting buyers. First, with two tones of paint, add a faux finish to any corner keystones. Next, bring out the color of walkway pavers using a stone sealer and finally, plant flowers in bloom.

Staging rooms to show off their true potential is essential when selling your home. Clear out clutter or other personal items that will distract buyers. Paint the walls a neutral tine, and furnish the space to show off how functional it is.

Let the sun shine in. Buyers love light and airy living rooms, but dark and dingy isn’t on their list. Open up your window shades to let some light in. Cheat some sunshine with a light-colored paint and lots of artificial lighting. You can never have too many lamps.

Unpleasant pet odors won’t win over buyers. We all love our pets, but unpleasant pet odors can make a negative first impression. Be sure to get rid of old carpet than can trap offensive smells. Replace it with fresh new carpet in a neutral color. Plus, if you paint the walls to match, your living room will look bigger.  If that doesn't do the trick, consider an Ozone Treatment!

Storage space sells! Potential buyers love homes that have lots of storage space. Since they will open your closets, it’s a good idea to clear out unnecessary clutter, and organize your shelves to show off how much storage you really have. Plus, it gives you a chance to start packing, as you will definitely be moving once buyers see all that closet space.

Create a nice flow in your rooms. Buyers are attracted to homes that have a good flow. You can create circulation by replacing square or rectangular dining tables with round ones. Cutting the corners adds room to this maneuver and creates a spinoff effect that adds flow to your home – cash flow, that is. 

Pack up unnecessary items. An overpacked room is a red-flag to buyers that a home lacks storage.  Clear the way for buyers to see your space and square-footage. Consider a short term storage unity or even the garage.

CHRISTIE CANNON  REALTOR

The Christie Cannon Team

Keller Williams Frisco

469-951-9588: Mobile

4783 Preston Rd #300, Frisco, TX 75034

Some Staging Tips for Selling Your Home Faster, from Christie Cannon | Keller Williams Frisco

Grimy bathroom walls are a major red flag to buyers. Here is an easy way to get rid of surface mold: Mix a spray bottle with one part water and one part bleach. Just spray it on the wall, and watch the mold disappear. Give it a fresh coat of paint and your grimy bathroom will go from red flat to red-hot.

Don’t replace a yucky shower door: Just scour it. Instead of replacing it, clean it with a mixture of one part muriatic acid and about 10 parts water. Scrub with steel wool, wipe it down and reinstall the door.

Avoid dated tile by painting. Bathrooms sell houses, but dated tile in a bathroom doesn’t. A low-cost alternative to replacing the tile is to use paint. First coat the tiles with a high-adhesion primer. Next, brush on a special ceramic epoxy covering. For a fraction of the cost of new tile, you will have an up-to-date bathroom that brings in big bucks.

Pedestal sinks are a big hit with buyers. They show off square footage in small bathrooms beautifully. First, your old vanity has to go. Next, just hook up your new sink and your bathroom will have dramatic appeal that brings in big bucks.

A master bedroom should appeal to both sexes. Get rid of features that seem too gender-specific. Paint the walls a neutral color, and choose bedding that matches. Then accessorize with items that complement the overall color scheme.

New kitchen appliances bring high returns from sellers. Once you install the new equipment, it will scream “new kitchen,” and you will see that spending a little money will make you even more.

Turn an unattractive fireplace into a selling feature. First, that dated brass screen has got to go. Next, give the fireplace a good cleaning, scrubbing it with soap and water. Then, using a stone color enhancer, polish the bricks to make them shine.

Stain or paint dated kitchen cabinets instead of replacing them. First, apply the stain in even strokes, going with the grain of the wood. Add some stylish hardware, and your kitchen will have the up-to-date look that buyers love.

Stainless-steel appliances are definitely in with buyers. Instead of buying a new dishwasher, there may be a low-cost way to resurface an old one: check with your manufacturer, many sell replacement panels & covers for the dishwasher facing.

Fill existing hardware holes instead of making new, unsightly ones. First, dip a toothpick in glue and place it in the stripped hole. Cut off the excess piece. Once the glue dries, you’ll be ready to put in the hardware that buyers love.

Save money on granite countertops. First, see if you can do the demo yourself. Also, ask the vendor for remnants from previous projects for smaller bathroom jobs. Remember, many times the money you spend will definitely returned in the value these beautiful counters add to your kitchen & baths.

Have Questions, feel free to give me a call!

CHRISTIE CANNON  REALTOR

The Christie Cannon Team

Keller Williams Frisco

469-951-9588: Mobile

Voted as one of the BEST Realtors in D Magazine for 2010-2016

Voted as a Five Star Professional 2012-2016 Texas Monthly Magazine

Name among America's Best Real Estate Agents by Real Trends Magazine

Certified Luxury Home Marketing Specialist

#1 Keller Williams Agent 2011-2016

Top 100 Agents in the Nation / KW

4783 Preston Rd #300, Frisco, TX 75034

Tis the season when the agents of The Christie Cannon Team offers up our best nod to Clark W. Griswold with the best of Christmas & Holiday Lights in North TX.

While our father's may have "taught us everything we know about exterior illumination," we are not above some advice, so please help us make a great list with your comments & suggestions!

• Frisco Square - Drawing over 675,000 visitors seasonally, Frisco Square offers North TX largest choreographed light display!  Boasting snow machines, sled riding events, horse drawn carriage rides, light & music shows, outdoor ice skating & even a parachuting Santa - this place has it all!  Starts Nov 25th
• Highland Park & Highland Park Village - What can I say?  Gorgeous architecture complemented by professional Christmas lighting.  Spanning about 20 blocks, this is the perfect time to splurge on a horse drawn carriage ride.
• SMU's Annual Celebration of Lights -  Another long-time tradition & boasting over 100,000 lights. Starts Nov 28th
• Deerfield, Plano - Starting (officially) on December 1st, this quintessential Plano neighborhood is jammed packed with gorgeous home competing for the best, funniest, & most traditional displays.  Check out their website for best routes, carriage ride info, & even segway tours!
• Prairie Lights - Growing larger each year, this Grand Prairie display is located in Lynn Creek Park and has become a destination in its own right.  Offering a 2-mile path of lights, a laser light display, holiday village, & more.  Be sure to check out their website as there are costs for this one!
• Interlochen in Arlington - A North TX original, this community has been wowing light viewers for over 40-years!
• Tour of Lights in Farmers Branch - over 500,00 twinkle lights will delight.  This is any easy one for those who like to stay in the car.
• Vitruvian Lights in Addison - Located in Vitruvian park, this one excites with food trucks, FREE photos with Santa & Reindeer, Holiday Village, & Free Concerts in the park!
• Texas Motor Speedway - Supporting Toys for Tots, this huge display boasts a drive-thru display & Santa's Village.  Be sure to check out the website for pricing!
• ICE & the Gaylord Texan Resort - Ice skating, gingerbread house building, sled riding, Santa photos, Holiday village, light displays, 2+ million pounds of ice, what do they not have?
• The Pharrs in Farmers Branch - Located at 14535 Southern Pines Cove, this family has been celebrating Christmas in a big way & share their joy from their own front lawn!
• The Trains at North Park - OK - two warning are required, they are not technically lights... but I still feel nostalgia for making the trip to the city to watch the trains at Christmas.  The second warning, watch out for the shopping at this one!
• Dallas Children's Holiday Parade - Again, not technically lights, but come-on, its a parade - what Grinch doesn't like a parade?  This one has been going on since 1987 & frankly doesn't get its due!
• The Krampus Walk - Hey, it can't all be about the kiddo's.  This what happens when you have a much "hipper" brother & sister-in-law who are not in "the 'burbs" - you learn about the Krampus pub crawl... I mean "walk" through Deep Ellum.
• Christmas in the Stockyards in Fort Worth - Hey, its TX - we need a Christmas Cattle Drive to go along with our caroling & the Stockyards is the place to see it.  On December 12 the Snowball Express will be welcomed at the Stockyards with the Walk of Gratitude.  For those not in the know - the Snowball Express is a charity that supports & honors the children of men & women who have fallen in service to our great nation.

Have some ideas & comments that will help our list?  We would love to hear from you! 

Thank you & we wish you a very Merry Christmas & Happy Holiday Season!

Christie Cannon  REALTOR

The Christie Cannon Team

Keller Williams Frisco TX

469.951.9588: Mobile

972.215.7747: Office

Voted as one of the BEST Realtors in D Magazine for 2010-2016

Voted as a Five Star Professional 2012-2016 Texas Monthly Magazine

Named among America's Best Real Estate Agents by Real Trends Magazine

Named among the Top 250 Real Estate Teams in the Nation, as seen The Wall Street Journal

Certified Luxury Home Marketing Specialist

Global Property Specialist - Marketing with a Gloabal Reach

#1 Keller Williams Agent 2011-2015

Top 50 Agents with KW Realty International

Come & join us this Friday for Blaze of Glory at this week's Concerts in the Courtyard at The Shops at Willow Bend in Plano!

The Christie Cannon Team will have a face painter for the kids (or those of us a kid at heart).

Should be another great concert with an awesome band!

Blaze of Glory, Bon Jovi Tribute Band, is an incredible almost uncanny reproduction of a live Bon Jovi concert!

In fact they are so true to the actual artist, they were selected to appear on AXS TV’s nationwide live broadcast World’s Greatest Tribute Bands over every other Bon Jovi tribute band in North America, followed by headlining the California State Fair and even going international by playing the Miller Light Experience in San Pedro Sula Honduras!

We hope to see you there this Friday October 14th starting at 6:30pm!

Congratulations to The Christie Cannon Team of Keller Williams Frisco TX for being named by Real Estate Executive Magazine to the 100 Most Influential Real Estate Agents in North Texas!

Renovations continue at Plano's The Shops at Willow Bend. The demolition of now vacant Saks Fifth Avenue is well under way and a $100million renovation by Starwood Retail Partners has begun. 

According to Dallas Morning News, currently plans are to be completed in 2018 & include:

— A pedestrian-friendly restaurant row visible from the Dallas North Tollway will go in where Saks Fifth Avenue is being torn down after sitting empty since 2010.

— A nine-story, 200,000 square-foot office building will be built where a Mercury restaurant once stood. The tower's lobby will be connected to the mall.

— A boutique hotel or an entertainment venue is planned on the west side of the mall.

—  And a fitness club is being courted for a spot between Crate & Barrel and Restoration Hardware where a fountain now sits.

The expansion will incorporate an open-air concept mall with Willow Bend's current anchor retailers. which include Texas' native Neiman Marcus.

Christie Cannon  REALTOR

The Christie Cannon Team

Keller Williams Frisco TX

469.951.9588: Mobile

972.215.7747: Office

Voted as one of the BEST Realtors in D Magazine for 2010-2016

Voted as a Five Star Professional 2012-2016 Texas Monthly Magazine

Name among America's Best Real Estate Agents by Real Trends Magazine

Certified Luxury Home Marketing Specialist

Global Property Specialist

#1 Keller Williams Agent 2011-2015

Top 100 Agents in the Nation / KW

4783 Preston Road #300, Frisco, TX 75034

Christie Cannon Named to REAL Trends' America’s Best Real Estate Agents in Frisco, TX.

Christie Cannon of Keller Williams Realty Frisco was named one of America’s most productive sales associates as a part of REAL Trends America’s Best Real Estate Agents, the newly issued ranking report produced by REAL Trends and sponsored by Zillow Group.  Cannon’s Team is now a member of the “America’s Best Real Estate Agents,” and ranked number 14 for the state of Texas.  

REAL Trends America’s Best Real Estate Agents ranks over 12,000 residential real estate professionals solely based on their excellence in real estate sales during calendar year 2015. All production numbers are independently verified by a third-party in order to ensure accuracy and report integrity. This group of highly successful real estate sales agents represents less than 1 percent of all real estate practitioners in the United States.

The real estate professionals are ranked in four categories:

• Individual agent — Sales volume
• Individual agent — Transaction sides (in each real estate transaction there are two sides that can be represented by a real estate agent: the buy side and the selling side)
• Agent team — Sales volume
• Agent team — Transaction sides

To qualify for inclusion, an individual agent must have closed at least 50 transaction sides or $20 million in sales volume in 2015. For real estate agent teams, the minimum is 75 transaction sides or $30 million in closed sales volume.

“The average residential real estate agent in the United States closed fewer than eight transactions in 2015 and had less than $1.5 million in sales,” says Steve Murray, publisher of REAL Trends’ America’s Best Real Estate Agents and president of REAL Trends. “To say that Christie Cannon is an exceptional sales professional is an understatement. To attain this level of sales is truly outstanding.”

“We are also pleased that two of the nation’s most prominent online real estate websites, Trulia® and Zillow®, have partnered with REAL Trends to bring a superior level of customer exposure of these sales agents’ performance,” Murray added.

Information on those receiving this recognition can be found online at http://www.americasbestre.com. 

“I am obviously pleased and honored to be ranked on this ranking of the country’s top residential real estate agents,” said Christie Cannon, “It represents the time and effort that we put into each client that we serve and how much work it takes to build a successful real estate career. The level of sales it takes to qualify makes it a truly special recognition.”

ABOUT REAL TRENDS

REAL Trends is a Castle Pines, Colorado-based real estate publishing and consulting firm that offers a wide range of research and advisory services to the residential real estate industry. Recognized as the leading source of trends in the industry, REAL Trends also publishes the REAL Trends The Thousand, as advertised in The Wall Street Journal and the REAL Trends 500, which ranks the top brokerage firms in the United States.

Zillow is a registered trademark of Zillow, Inc. Trulia is a registered trademark of Trulia, LLC. These marks are used with permission.

Many experts have been calling upon home builders to ramp up construction to help with the lack of existing inventory for sale. For the past two months, new home sales have surged, with July’s total coming in at the highest since October 2007.

The latest estimates from the US Census Bureau and Department of Housing and Urban Development show that sales in July were31.3% higher than this time last year, and 12.4% higher than last month, at a seasonally adjusted annual rate of 654,000. 

 Zillow’s Chief Economist, Svenja Gudell, echoed the reaction of some as she commented:

“July(‘s) new home sales data was a surprise, but a welcome one. For years, the market has been practically begging builders to both ramp up their efforts overall and to put more focus on serving the less expensive end of the market. Today's data confirms both are happening in earnest.”

 The National Association of Home Builder’s (NAHB) Chairman, Ed Brady, didn’t seem as surprised:

 “This rise in new home sales is consistent with our builders’ reports that market conditions have been improving. As existing home inventory remains flat, we should see more consumers turning to new construction.”

  NAHB’s Chief Economist, Robert Dietz, believes this is just the start for new home sales if market conditions continue:

  “July’s positive report shows there is a need for new single-family homes, buoyed by increased household formation, job gains and attractive mortgage rates. This uptick in demand should translate into increased housing production throughout 2016 and into next year.”

  The existing home sales numbers for July will be released today and will shed more light on the overall health of the housing market.

Bottom Line

New home sales hit their highest mark in over 9 years. Buyers are out in force to find a home that fits their needs. Many are turning to new construction, as the inventory of existing homes has not been able to keep up with demand.