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Working with a West Texas realtor is the concierge path for buying or selling homes or land. West Texas Realtors hunt houses, source buyers, and take over the hassle of staging, listing, and selling your house. Your realtor becomes a temporary business partner for you during the buying or selling your house/land, and you rely on their expertise to ensure a successful experience.


This means your selection of West Texas realtor truly matters. So how do you know if you’ve found the right one? The best way is to hold a complete interview and ask a few key questions.


“Can I see your credentials, references, and history in the area?”


There are a few things that every West Texas realtor should be prepared to share. In fact, many come with a small portfolio with everything you need to see to know you are dealing with a real professional, a local expert, and a trusted guide for others who have bought or sold real estate in the region.


This includes

· Real estate license

· References from past clients

· Professional and personal history in the region


Your realtor will likely be completely prepared for you to ask the typical vetting questions at the opening of your interview. These checks simply establish that you are dealing what a reputable and valuable expert.


“How do you prefer to communicate? What are your favorite channels and how responsive will you be?”


Every realtor-client relationship is based on communication. You need one or more channels that both of you are comfortable with, and a realtor ready to respond in what you feel is a reasonable amount of time. Matching the right sense of pace and communication style can be critical for a successful realtor-client partnership.

Ask your realtor what communication channels they prefer and how often they tend to check or respond to messages from clients in a week. You may prefer a fast-paced realtor who chats on social media or someone who can function on just a few detailed emails traded every few days.


“Will we be working with you directly or with your realty team?”


This is a very important question. Realtor offices often have lead realtors and real estate agents forming a local realtor team. When interviewing your realtor, be sure to ask if you will be working directly with the realtor, personally, or if your case will be primarily handled by their team or an assigned agent on their team.

You might even prefer to work with the team, and if you are to be assigned an agent, request to meet and interview them before making your choice. This ensures that you are really interviewing for the service (and person) that will influence your experience. Meeting the face of a team is not the same thing as interviewing a real estate agent or the team you will actually be working with.


“What are your plans to sell my house? What listing price do you expect, and what steps will you/should I take?”


West Texas Realtors have go-to strategies and customized plans based on individual properties. The price they set, the steps they take to prepare the house, and the strategies they plan to use will have a huge impact on your experience and your final profits from selling. Ask your realtor for a rough estimate in the initial interview and a detailed plan after they have seen your home to understand if their ideas and plans meet your expectations – and if your plans can align for maximum satisfaction and profit.


Buyers: “What services do you offer to assist a buyer in closing?”


If you are a buyer hiring a realtor for concierge service, there are two important questions when hiring a realtor. The first is whether they understand your priorities in the house hunt when selecting homes for you to view. The second is what services they offer to help you complete the purchase, closing costs, and onboarding as a homeowner.


“What is your average market time and list-to-sale price ratio?”


A West Texas realtor’s success is often measured in two stats, the time on the market and the list-to-sale ratio. Time on the market determines how well your realtor can market a house, find a buyer, and begin negotiations from the point of listing. List-to-sale price is how much they can help you drive the selling price up above standard market value. Pay close attention. Some realtors list low to boost their ratio number while some sell too fast to reduce their market time. What you need is a realtor ready to deal with the hot market as it is – but able to wait and find you the best possible deal.


“Please explain your realtor fees.”


Fees in West Texas real estate are not always cut and dried. The standard method is for the seller, after closing, to pay each real estate agent 3% of the home’s value for a total of 6% in closing costs. The buyer does not, typically, pay their real estate agent or realtor. However, every business model is unique, and there may be additional service fees based on what your realtor does along the way. Contractors, legal services, notarizing, and other essentials of real estate deals may be included in the package or have additional fees applied.


What is the current housing market climate in my neighborhood?”


Lastly, ask about the current West Texas real estate market. A great West Texas realtor will be able to tell you how high demand is, how quickly homes are selling, if home values are rising or stabilizing, and what to expect as a buyer or seller when you step onto the market and join the fray. Are you ready to find the right realtor for your next home sale or home purchase? Contact me today and I’ll happily answer these seven questions for you and many more before our real estate partnership begins.


NOTE - If you’re planning on selling and are in the market for a top agent to make it happen, I would love to help!


We provide real estate services to these West Texas cities - Abernathy, Brownfield, Buffalo Springs, Crosbyton, Denver City, Farwell, Floydada, Idalou, Hale Center, Lamesa, Levelland, Littlefield, Lubbock, Muleshoe, New Deal, New Home, Olton, Plains, Plainview, Post, Ralls, Ransom Canyon, Seagraves, Seminole, Shallowater, Spur, Sudan, Sundown, Tahoka, Tulia and Wolfforth.


We provide real estate services to these counties - Bailey County, Briscoe County, Castro County, Crosby County, Dawson County, Dickens County, Floyd County, Gaines County, Garza County, Hale County, Hockley County, Kent County, Lamb County, Lubbock County, Lynn County, Parmer County, Scurry County, Swisher County, Terry County and Yoakum County.


-Turn the Key to your clean Slate-


Lainie Eilenberger, REALTOR

Key and Slate Real Estate Group

Keller Williams Realty

806-928-4453

Licensed Realtor in Texas



Sincerely,

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Lainie Eilenberger Realtor, Key & Slate Real Estate Group



If you're considering whether it's time to stop renting and purchase a home in West Texas, I want you to keep in mind that the interest rate on renting is 100%.


However, renting has its perks. No maintenance costs, no down payment, flexibility to move, and no concern about property value. But the truth is your monthly rent payment is just like paying 100% interest month after month after month.


You see, when you toss the financial jargon, interest, at its simplest, is the fee you pay to live in your home. When you rent, that’s what you’re doing. You’re paying a fee month after month, gaining nothing other than a roof over your head.


Yes, when you buy, you’re paying a fee (your mortgage) month after month, but you’re gaining SO much more than just a place to call home.


You get:


-An appreciating investment (existing-home sale prices rose 14.6% in 2021!)


-Increasing equity (every month, the bank owns less of your home, and you own more!)


-Predictable housing costs (a fixed-rate mortgage will never change)


-Advantages come with tax time


-Freedom to personalize however you choose


In almost every situation, it pays to buy vs. rent in West Texas. Want to talk more and run the numbers? Let’s do it! Give me a call or send me an email. Let's talk!


NOTE- If you’re planning on selling and are in the market for a top agent to make it happen, I would love to help!


We provide real estate services to these West Texas cities - Abernathy, Brownfield, Buffalo Springs, Crosbyton, Denver City, Farwell, Floydada, Idalou, Hale Center, Lamesa, Levelland, Littlefield, Lubbock, Muleshoe, New Deal, New Home, Olton, Plains, Plainview, Post, Ralls, Ransom Canyon, Seagraves, Seminole, Shallowater, Spur, Sudan, Sundown, Tahoka, Tulia and Wolfforth.


We provide real estate services to these counties - Bailey County, Briscoe County, Castro County, Crosby County, Dawson County, Dickens County, Floyd County, Gaines County, Garza County, Hale County, Hockley County, Kent County, Lamb County, Lubbock County, Lynn County, Parmer County, Scurry County, Swisher County, Terry County and Yoakum County.


-Turn the Key to your clean Slate-


Lainie Eilenberger, REALTOR

Key and Slate Real Estate Group

Keller Williams Realty

806-928-4453

Licensed Realtor in Texas



Lainie Eilenberger, Realtor

Key & Slate Real Estate Group

Keller Williams Realty

Licensed in Texas

(806)928-4453


Where do I start? This is a question I get when working with customers that are buying a new home in West Texas, but the purchase is contingent on the sale of their current home. In today’s blog I’m going over my tips for selling your current home, so you can buy your next one. Before we get into that, I want you to think how you felt when you bought your very first home. You were probably nervous about the process, but you made it through the entire process ok. At that time, all you had to worry about was what you needed to do as a home buyer, but now that you’re moving into your 2nd home, you’re experiencing those worries all over again. The reason you're worrying is now you’re going to be both the home buyer and home seller, as you need the equity from your current home to purchase the next one. There’s no need to worry though, just keep reading and I’ll take you through the process, so you'll better understand what to expect.


Tip #1. Understand your finances. There’s a difference between needing to sell your home to buy the next one and wanting to sell your home to buy the next one. I know you don’t want to think about paying 2 mortgages, but if you can qualify to purchase your next home without needing to sell your current home, I do recommend it. It will give you a leg up in your offer being accepted and in negotiations, especially in a seller’s market, because contingencies take longer to close and are more of a risk for the seller. They are more of a risk, because in most situations if your house doesn’t sell, then you’re not going to be able to buy the home. Also, they probably have other buyers that want to purchase their home that don’t have those contingencies, which makes your offer less likely to get accepted. If you fall in the category of needing to sell your home in order to qualify for your next one, you’re certainly not alone, because the majority of people are in this category. What you need to understand is most sellers would prefer not to worry about contingencies from their buyers, so when you find homes you like, make good offers. Today’s market is very competitive, so you need to keep this in mind when making an offer, because if you don't, your offer likely won't be accepted.


Tip #2. Don’t put the cart before the horse. The cart in this scenario is your next home and the horse is your current home. If you can’t buy that home without selling your current home, then you really need to focus on the current home sale. It’s easy to get overwhelmed when focusing on the sale of your home and start looking for new homes, but please avoid doing this as much as possible. You really need to spend your time and energy focusing on the sale of your current house, because you can’t move to your new home until your current home is sold. Spend the majority of your time decluttering, cleaning, painting, and fixing all the little things you’ve been putting off. If you're landscape isn't neat and trimmed, you'll need to get it cleaned up. The front of your home is the first thing home buyers are going to see, so having a nice landscape is very important. If fixing things, painting, and landscaping aren't your thing, ask your real estate agent to refer you to someone. Agents work with these professionals all the time and know the ones that will do a great job without breaking the bank. I also recommend having your real estate agent do a walk-through of your home, they have a keen eye for what home buyers want, so listen to their advice. You need to prepare yourself, because getting a home ready to sale is a very time-consuming process and will take longer than you think, so start now. When you have extra time, you can absolutely go browsing online and look for homes, but the priority has to be getting your home ready for sale. (When browsing for homes check out my page Look For Homes or click here - www.lainieeilenberger.com/look-for-homes)


Tip #3. Making offers. By this time, you know which neighborhoods you like, and you’ve been keeping track of the inventory coming on and off the market. Most importantly, your current home is under contract and you’re now ready to buy. For most of you, the offers you make will be contingent and you need to understand that due to this there’s a good chance your first offers won’t be accepted. If this happens, please try not to be offended and know that some sellers just don’t want the extra hurdle of your contingency to deal with. Most builders are totally fine with contingencies, so new construction is an option for you. If your current home that’s under contract has undergone inspection and appraisal, make sure your agent is communicating this to the seller, because this makes your contingency less risky. I advise my contingent customers in today’s market not to make offers below asking price and during negotiations not to ask for too much. The reason for this is currently there are more home buyers than there are homes for sale, and you risk making a non-contingent buyer look like a better deal. I’ve seen many deals go south quickly, because contingent buyers wanted the moon after the inspection and appraisal. It’s your right to request repairs be made or for the price to be reduced, but keep in mind that as a contingent buyer you have a higher risk of losing the home if you do this.


Tip #4. Navigating the move. Timing is super important when you’re dealing with 2 transactions. Your real estate agent will help you time this just right, so make sure to listen to their advice. If you’re going to use a moving company, make sure you consult with them early on and keep them updated on when you’re needing to move. Your real estate agent will know the best moving companies in town, so ask them for a referral. Keep in mind that nothing is set in stone when selling your home and a contract negotiation can fall apart, even if everything seems to be going ok. If the timing doesn’t work out just right, you can always put your things in storage and stay in a hotel or Airbnb until your able to move in. Most of the time though, everything will work out just fine and you will move from one home to the next without a hiccup. In summary selling while buying is tricky, but it’s definitely doable and something most of us have to do at some point. The 2 key things I want you to take from today’s blog are: 1 - Focus on the sale before you focus on the purchase & 2 – Buying a home as a contingent buyer is challenging, so I highly recommend getting a real estate agent to help you. If you don't have a real estate agent, I would love to work with you and help you with all of your real estate goals. I service all of West Texas and if you're moving outside of West Texas, I'm connected to the largest referral network of top real estate agents in the country.


NOTE- If you’re planning on selling and are in the market for a top agent to make it happen, I would love to help!


We provide real estate services to these West Texas cities - Abernathy, Brownfield, Buffalo Springs, Crosbyton, Denver City, Farwell, Floydada, Idalou, Hale Center, Lamesa, Levelland, Littlefield, Lubbock, Muleshoe, New Deal, New Home, Olton, Plains, Plainview, Post, Ralls, Ransom Canyon, Seagraves, Seminole, Shallowater, Spur, Sudan, Sundown, Tahoka, Tulia and Wolfforth.


We provide real estate services to these counties - Bailey County, Briscoe County, Castro County, Crosby County, Dawson County, Dickens County, Floyd County, Gaines County, Garza County, Hale County, Hockley County, Kent County, Lamb County, Lubbock County, Lynn County, Parmer County, Scurry County, Swisher County, Terry County and Yoakum County.


-Turn the Key to your clean Slate-


Lainie Eilenberger, REALTOR

Key and Slate Real Estate Grou

Keller Williams Realty

806-928-4453

Licensed Realtor in Texas


Looking forward to working with you,


Lainie Eilenberger

Realtor

Key and Slate Real Estate Group

Keller Williams Realty

806-928-4453



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