6 Tips to Overcome Low Inventory


Today, the greatest challenge faced by homebuyers is low inventory. In this highly-competitive market, it’s important to work with an agent who has an in-depth understanding of how to navigate the situation. Here are six tips to help you achieve your goals, even when facing low inventory.

Get Pre-Approved In any housing market, getting pre-approved for a mortgage is always the first step in the home-buying process. When searching for a home, buyers and their agents need to know exactly how much they can offer. And in a market defined by low inventory and multiple offers, sellers may not seriously consider offers without a lender letter. While waiting to get approved, you may be passed over in favor of potential buyers who submit proof of funds and mortgage approval letters with their offer.

Be Patient and Prioritize Due to increased demand and low inventory, it may take longer to find the right home for you. Patience, prioritization and compromise are key. You may not find the perfect home, but if you know what’s most important to you and what’s just a bonus, you’ll be able to find a home that meets most of your search criteria.

Ask About Off-Market and Coming Soon Listings A savvy real estate agent who’s well-versed in the local market can get you access to off-market or “pocket” listings that are only marketed by word-of-mouth. Your agent will also be aware of any coming soon listings to help you get ahead of the competition.

Be Prepared for a Bidding War A bidding war is all too common in a market with low inventory. If this happens, it’s important to know your limit beforehand and take the time to consider what the home is worth to you versus its current market value.

Make Your Best Offer Gone are the days of back-and-forth negotiating. If you love a home, be ready to put forth your best offer. Keep in mind, when sellers receive multiple offers, it’s not always the highest one that’s the most appealing. There are other ways to set your offer apart such as making a cash offer, waiving contingencies, or offering a seller leaseback. Discuss with your agent the terms that give you the strongest advantage.

Find an Agent You Can Trust Above all, find an agent you can trust! Buying and selling a home is exciting, but it can be nerve-wracking, too. The process can be complicated and the stakes are high. At Williams Trew, our agents are experienced, knowledgeable professionals who will always put your best interests first and provide you with the most current market research and strategic advice as you make one of life’s biggest financial decisions. They are engaged every day in the buying and selling of real estate. Allow Williams Trew to guide you through the process of successfully buying or selling your home. For more information, visit williamstrew.com today!

Inventory Breakdown by County

Tarrant County: -13%

All Counties: -9%

Bosque County: +22%

Collin County: -19%

Cooke County: -23%

Dallas County: -27%

Delta County: +35%

Denton County: -9%

Ellis County: +9%

Erath County: +6%

Fannin County: +37%

Grayson County: -6%

Henderson County: +4%

Hill County: -15%

Hood County: -6%

Hopkins County: -8%

Hunt County: +13%

Johnson County: +8%

Kaufman County: +9%

Lamar County: +18%

Montague County: +59%

Navarro County: +15%

Palo Pinto County: -13%

Parker County: -14%

Rains County: +63%

Rockwall County: +15%

Smith County: -35%

Somervell County: +23%

Van Zandt County: +10%

Wise County: +12%

Source: NTREIS MLS, 1/1/21-5/1/21 vs. 1/1/22 vs. 5/1/22

Spring Cleaning? Here are the Best Closet Organization Systems


We all know what it’s like to be afraid to open our closets for fear of everything falling out. Closets can be one of the hardest parts of a home to keep organized and looking good. Check out the best closet organizers and see which one will work best for your home.

Closets provide most of the storage space in the modern home, whether it’s for clothes, shoes, and accessories in the bedroom or food and spices in the pantry. A well-organized closet looks good and can save you valuable time. Sometimes we just need a little help to get the closet of our dreams—and keep it that way.

But what is the best wardrobe closet organizer for your organizing style and household? Closet organizers vary widely in cost, size, and materials, so it really just depends on your budget and preference. Here we’ll cover some of the best closet organization systems for bedroom closets, along with general closet organization ideas. Let’s get organized!

BEST BUDGET CLOSET ORGANIZER SYSTEMS

When it comes to simple, affordable closet organization systems, you can’t go wrong with ClosetMaid. ClosetMaid has been making closet systems since 1965. Their systems work great, whether you’re looking for a walk-in closet organizer, a closet organizer with drawers, or something simpler like small closet organizer accessories. The best thing about ClosetMaid storage solutions is that their systems can be modified, expanded, or reconfigured as your needs change.

The adjustable ClosetMaid 16” Organizer and Drawer Kit, made of laminated wood, is a sturdy storage solution that includes three shelves and support kits, two drawers, and three clothes rods. The ClosetMaid Fixed Mount Closet Organizer, made of vinyl-coated steel, offers less flexibility in terms of modification but is more affordable and comes with a shoe rack. These types of racks are great for organizing shoes in a closet. If you’re sharing a closet or are simply a shoe lover, you could also consider purchasing a few more standalone shoe racks to make sure every pair has its place.

Rubbermaid also makes affordable closet organizers, and they’re available from popular retailers like Walmart and Amazon. With a range of options, quick installation, and easy reconfiguration, Rubbermaid closet systems will give you the space you need in your bedroom, pantry, laundry room, or other storage areas.

BEST CUSTOM CLOSET ORGANIZATION SYSTEMS

As with most things, you can spend as much on a closet organization system as you want—the options are almost endless. Custom closet systems are an excellent option for an oddly shaped or corner closet as well as small closets.

If you’re looking for a system that’s perfectly tailored to your needs and constructed out of the highest-quality materials, a custom closet organizer from a manufacturer like Closet Factory might be for you. Closet Factory designs custom systems for reach-in and walk-in closets, and each custom closet begins with a complimentary design consultation. Other great custom closet system designers include California Closets, which designs high-end custom closets, and Easy Closet, which will give you a free closet design consultation over the phone. These companies also create storage systems for pantries, home libraries, laundry rooms, and garages. Get more garage storage ideas here.

BEST CLOSET SYSTEM FOR KIDS

Small closet organizers make sense for smaller clothes, right? But how do you organize a small closet? The Little Seeds Grow with Me Closet System, available at Wayfair, Target, and Amazon, is perfect for kids because it can be adjusted to meet their changing needs as they grow and get more involved in their fashion choices. The Grow with Me Closet System features a shoe rack, three shelves, four cubbies, one drawer, and adjustable garment rods for all your kid’s wardrobe storage needs. Rods are placed at child-friendly heights, so your kids can stay in control of what they wear.

BEST MODULAR CLOSET SYSTEM

Modular Closets offers mix-and-match systems that maximize flexibility without the high price tag of fully customized closet options. Use their online tool to get a free closet design based on your closet measurements, or shop their pre-configured options.

BEST SYSTEMS FOR WALK-IN CLOSETS

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Walk-in closets are amazing, but they’re not so great if they’re not well-organized. To organize a walk-in closet, it helps to have zones: one or two areas for hanging clothes, drawers for folded clothes, shelves for baskets with small items like scarves or hats, and a shoe rack. If you have a small walk-in closet, there are small closet tips on how to make the most of your space. Here are a few walk-in closet organizers that can help:

  • The Container Store’s Elfa Décor 10’ His & Hers Closet Wall is one of the best closet organizers for people sharing closet space. This system doesn’t come cheap, but it really has it all: multiple shelves, two drawer systems, four areas for hanging clothes, a shoe rack, and a gliding tie and belt rack.
  • The Rebrilliant Queenborough 72” Closet System is 72 inches wide and combines adjustable shelves and garment rods into a walk-in closet organization system that will give you a sturdy place to store your whole wardrobe.
  • Looking for something a bit more affordable? Rebrilliant also offers a free-standing closet organizer starter kit, available on Wayfair, with seven shelves and one garment rod. This organizer is made out of bamboo and can create a lovely focal point for your closet.

Closet organizer systems can help you turn the chaos of your closet into a neat, orderly space where your clothes, shoes, and accessories are easy to find. You have plenty of other things to worry about; you don’t need to be digging around in your closet, searching for your favorite belt or that one pair of shoes that matches your outfit. Eliminate clutter and hectic, stress-filled mornings with a well-organized closet and spend your energy on more important things like cooking a new recipe, entertaining friends, or just plain relaxing.

Start on your journey to decluttering the rest of your home by checking out more decor ideas as well as home office organization and garage organization solutions. While you’re at it, be sure to look into an American Home Shield® home warranty to keep your home appliances and systems protected from the unexpected.

AHS assumes no responsibility, and specifically disclaims all liability, for your use of any and all information contained herein.

Low Inventory Continues as the Spring Market Begins


Spring Market 2022 is shaping up to be even more competitive than 2021. But don’t be intimidated into inaction. Getting what you need and want is still possible with the right mindset… and, more importantly, the right agent!

Now more than ever, a knowledgeable, tenacious representative by your side makes all the difference, especially with such limited inventory. Going in with a plan is critical. And our experienced agents can help you come up with one that’s right for your situation and increases your likelihood of coming out on top as a seller financially, and as a buyer in a multi-offer situation.

If a no-obligation consultation sounds good right about now, we’d love to provide one for you along with a free valuation of your home. Together, we can beat the odds!

Williams Trew is a member of the Ebby Halliday Companies – the leading real estate company in Texas. If you’re thinking of listing, we’re here to provide an instant valuation of your home and help you prepare. Visit WilliamsTrew.com and connect with one of our experienced agents today!

Inventory Breakdown by County

All Counties: -17%

Bosque County: +2.1%

Collin County: -27%

Cooke County: -22.4%

Dallas County: -34%

Delta County: +11.8%

Denton County: -30%

Ellis County: +10.7%

Erath County: +9.1%

Fannin County: +29.3%

Grayson County: -22%

Henderson County: -5.1%

Hill County: +4.7%

Hood County: -1.9%

Hopkins County: +8.2%

Hunt County: +9.6%

Johnson County: -7.8%

Kaufman County: -13.6%

Lamar County: +15.5%

Montague County: +36.5%

Navarro County: -1.6%

Palo Pinto County: -15.8%

Parker County: -8%

Rains County: +23.5%

Rockwall County: -17%

Smith County: +-26.0%

Somervell County: +4.3%

Tarrant County: -22%

Van Zandt County: +10.1%

Wise County: -10.1%

Source: NTREIS MLS, 1/1/21-2/25/21 vs. 1/1/22 vs. 2/25/22

Ebby Halliday Companies Introduce EHC Design Studio


The Ebby Halliday Companies, long an innovator in the adoption of forward-thinking technology, recently rolled out its latest company-wide technology tool, EHC Design Studio.

“EHC Design Studio is an online design and publishing tool that enables all of our agents to edit, customize and publish digital, print and social media graphics easily and within minutes,” says Travis Mathews, Vice President of Operations for the Ebby Halliday Companies, which includes real estate brands Ebby Halliday Realtors, Dave Perry-Miller Real Estate and Williams Trew, as well as in-house mortgage, insurance and title brands.

“EHC Design Studio was built with our core technology mission in mind – simple and easy to use,” adds Mathews. “Just as we did last year with EHC Mobile Apps, EHC Email Marketing and ART – short for Agent Resources and Technology – the rollout of EHC Design Studio is being carefully managed and supported.”

Ebby Halliday Companies agents are now able to easily edit text and photos in sophisticated marketing templates in a matter of minutes. They may choose from hundreds of Ebby Halliday Realtors, Dave Perry-Miller Real Estate and Williams Trew-branded templates. In addition to the ability to quickly edit and customize marketing collateral, EHC Design Studio provides agents with the ability to seamlessly import MLS property data into their designs, professionally print and distribute materials and utilize the EHC Design Studio mobile app for on-the-go design capabilities.

“To be clear, our incredible team of designers are still here to support all of our agents, but with EHC Design Studio our agents have instant access to a library of content that represents the most commonly requested items from our design team,” says Steve Smith, Vice President of Marketing for the Ebby Halliday Companies. “Our brands are a competitive advantage and with EHC Design Studio our agents stand apart from the crowd with hundreds of sophisticated template designs, including social media posts, Facebook banners, LinkedIn content, Instagram Stories, postcards, brochures, flyers, booklets, door hangers and much, much more.”

As part of the rollout of the new EHC Design Studio, Ebby Halliday Companies agents and staff are benefitting from multiple training opportunities. “I am very excited to get this extraordinary new tool into our agents’ hands,” says Mathews. “It is a fantastic addition to the toolkit that differentiates the Ebby Halliday Companies and another reason why EHC is the place to grow a residential real estate career.”

Throughout 2022, the Ebby Halliday Companies are celebrating 77 years of serving clients’ residential real estate needs. It all began in 1945, when one bold woman parlayed her wisdom, generosity, business acumen and endurance into what is today one of America’s most admired real estate services companies. The legacy of Ebby Halliday is now amplified by the company’s affiliation with HomeServices of America, a Berkshire Hathaway affiliate and the country’s No. 1 residential real estate company. To learn more, visit williamstrew.com.

Inventory Is Low. The Time Is Now!


There’s no shortage of homes to buy – just sellers to sell.

It’s not a big secret in a market like ours. It has been and will continue to be a challenge heading into Spring.

Mortgage rates are largely forecast to continue to rise over the coming months and serious house hunters are paying close attention. After all, every rate increase could have an impact on affordability, and over time, that will put the brakes on buyer demand. But in the short term, projected rate increases may motivate home buyers and make for an extremely competitive Spring market.

So if you’re thinking of listing your home, don’t wait too long. As others prepare to list and inventory begins to increase, the intense multiple offers will start to ease and home prices will continue to rise – but at a slower pace.

The bottom line: the sooner you list, the less competition you will have.

Williams Trew is a member of the Ebby Halliday Companies – the leading real estate company in Texas. If you’re thinking of listing, we’re here to provide an instant valuation of your home and help you prepare. Visit WilliamsTrew.com and connect with one of our experienced agents today!

Inventory Breakdown by County

All Counties: -22.2%

Bosque County: -6.6%

Collin County: -34%

Cooke County: -18.7%

Dallas County: -41.1%

Delta County: -4.3%

Denton County: -36.1%

Ellis County: +13.9%

Erath County: -4.6%

Fannin County: +25.4%

Grayson County: -22.3%

Henderson County: 0%

Hill County: +1.3%

Hood County: -13.2%

Hopkins County: -11.3%

Hunt County: +10%

Johnson County: -14.6%

Kaufman County: -7.9%

Lamar County: +4.1%

Montague County: +27.3%

Navarro County: -9.7%

Palo Pinto County: -16.5%

Parker County: -9.2%

Rains County: +56.7%

Rockwall County: -19.4%

Smith County: -25.8%

Somervell County: +16.9%

Tarrant County: -23.2%

Van Zandt County: -10.8%

Wise County: -40%

Source: NTREIS MLS, January 12, 2022 vs. January 12, 2021.

Attention Texas Homeowners: New Homestead Exemption Law Now In Effect


 

One of the easiest ways homeowners can lower their property tax bill is to file a homestead exemption. Homestead exemptions reduce the appraised value of your home and, as a result, lower your property taxes.

If you purchased a home in 2021, it’s now time to file your homestead exemption – more details below.

Plan to purchase in the future? Thanks to a new law that took effect January 1, 2022, Texas homeowners may now file for a homestead exemption in the same year they purchase their primary residence, instead of the following year – as was the case in the past.

To apply for a homestead exemption, contact your county appraisal district.

The Application for Residential Homestead Exemption is available here.

A list of county appraisal district addresses and phone numbers is available here.

If you have any questions regarding residential real estate, Williams Trew is ready to serve you. To learn more, visit WilliamsTrew.com and connect with one of our experienced agents today!

This information is brought to you by Texas Premier Title, a member of the Ebby Halliday Companies. In addition to three legacy brokerage brands, the Ebby Halliday Companies includes mortgage, title and insurance services. Simply put, we offer one “door” to everything you need to buy a home in Texas and Oklahoma. This complete offering ensures our clients the easiest and most secure real estate experience possible. 

Home Maintenance Guide & Calendar


American Home Shield is here to help you protect your budget, which starts with protecting your home. Their comprehensive Home Maintenance Guide and Calendar allow you to keep track of service dates and details, and stay on top of seasonal maintenance tips and tasks.

Download your free Home Maintenance Guide and Calendar by clicking the images below to help improve the condition and longevity of the systems and appliances in your home. The Home Maintenance Guide also offers quick fixes for common systems and appliance issues so you can decide if it’s a DIY project or time to call a qualified repair professional.

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If there’s one thing homeowners know to expect, it’s the unexpected. American Home Shield helps protect your budget against covered household breakdowns, including components of your air conditioner, heating unit, electrical and plumbing systems, as well as appliances like your oven, refrigerator, and washing machine. You know — the things you count on every single day.

They offer three plans to choose from so you can select the best one for your budget and household, and for more home maintenance and DIY tips, visit their YouTube channel.

Lights, Sights & Holiday Nights!


We’re making a list and checking it twice, these holiday lights are sure to be nice!

Fort Worth

Gift of Lights – Texas Motor Speedway

3545 Lone Star Circle, Fort Worth

November 25, 2021 – January 02, 2022

Texas Wild! Wonderland – Fort Worth Zoo

1989 Colonial Parkway, Fort Worth

November 27, 2021 – December 19, 2021

Addison

Vitruvian Lights: Holiday Lights Spectacular

3875 Ponte Avenue, Addison

November 26, 2021 – January 02, 2022

Arlington

Holiday in the Park – Six Flags Over Texas

2201 E. Road to Six Flags Street, Arlington

November 19, 2021 – January 02, 2022

Lake Interlochen Christmas Lights

2001 Westwood Drive, Arlington

December 01, 2021  – December 31, 2021

Cleburne

Whistle Stop Christmas

1010 Hillsboro Street, Cleburne

November 22, 2021 – December 31, 2021

Dallas

Dallas Zoo Lights

650 South RL Thornton Freeway, Dallas

November 19, 2021 – January 02, 2022

Enchant Christmas at Fair Park

1300 Robert B. Cullum Blvd., Dallas

November 26, 2021 – January 02, 2021

Holiday at the Arboretum

8525 Garland Road, Dallas

November 10, 2021 – December 31, 2021

Decatur

Radiance! A Holiday Light Spectacular

2901 Farm Road 51, Decatur

November 18, 2021 – December 26, 2021

Denison

Grayson County Annual Holiday Lights Show

111 RC Vaughan Drive, Denison

November 26, 2021 – December 31, 2021

Ennis/Waxahachie

Radiance! At The Races – Texas Motorplex

7500 US-287, Ennis

November 18, 2021 – January 01, 2022

Frisco

Radiance! Frozen in Frisco

7300 Roughriders Trail, Frisco

November 18, 2021 – January 01, 2022

Christmas in the Square

8843 Coleman Blvd., Frisco

November 19, 2021 – January 03, 2022

Grand Prairie

Prairie Lights

5610 Lake Ridge Parkway, Grand Prairie

November 25, 2021 – December 31, 2021

Grapevine

Christmas on Main Street & City Hall Light Show Spectacular

200 South Main Street, Grapevine

November 22, 2021 – January 09, 2022

Little Elm

Magic of Lights

600 Main Street, Little Elm

November 20, 2021 – January 02, 2022

McKinney

Home for the Holidays

111 N. Tennessee Street, McKinney

November 26, 2021 – December 31, 2021

Plano

Deerfield Holiday Lights 

4549 Old Pond Drive, Plano

November 27, 2021 – December 31, 2021

The Colony

The Colony Christmas Spectacular

4900 Blair Oaks Drive, The Colony

December 04, 2021 – January 02, 2022

Tyler

SantaLand

11455 I-20 West Tyler, Tyler

November 13, 2021 – January 04, 2022

Weatherford

Radiance! At The Ranch

2251 Mineral Wells Hwy., Weatherford

November 18, 2021 – December 31, 2021

25-Year Anniversaries Not Such a Rarity at Williams Trew and the Ebby Halliday Companies


In an age when many professionals change jobs often and easily, staying in one place for 25 years is definitely not something you see often.

Yet an incredible 43 people at the Ebby Halliday Companies recently achieved that very milestone. Those 43 – independent contractor agents and office staff from the Williams Trew,  Ebby Halliday Realtors and Dave Perry-Miller Real Estate brands – were celebrated Wednesday with a special luncheon at Sixty Vines in Uptown Dallas. Because of a COVID delay, some had already progressed from 25 to 26 and 27 years.

CEO Chris Kelly, who addressed the honorees and presented each with a diamond pin, said this about the afternoon.

“It was my absolute pleasure to celebrate these team members who have been part of the Ebby Halliday Companies for 25 years or more. We fully appreciate that this kind of loyalty is not the norm in the real estate industry – especially in today’s climate of plentiful options. We think that makes a loud statement about the culture Ebby built here and that we’ve been working hard to maintain.”

EHC is big on acknowledging such milestones – internally and externally – along with those around production, personal bests, landmark closings, incentive contests and more. It’s not uncommon to get a video email from Kelly himself, congratulating an agent for a key sale or overcoming a challenge. Vice Presidents Carolyn Rosson and Malinda Howell as well as the company’s 28 Sales Leaders also champion their people any chance they get. The brand is known for being as supportive and encouraging as Ebby Halliday herself was.

Could that be the key to why so many stick around? Here’s what some of those celebrating that day said.

Carolyn McCann | Williams Trew | Office Administrator

“I began my career with Ebby Halliday and have greatly enjoyed working for a company that was ‘out in front’ on extending opportunities to women. They also make it a priority to provide agents and employees with many incredible mentors and role models to guide us. There is a feeling of belonging to a family when you work here, and I am still so very proud to call this place home after all these years.”

Janice Berg | Ebby Halliday Realtors | Sales Associate

“I had been living in Frisco since 1977 and had the opportunity to go to the groundbreaking for the Ebby office there 25 years ago. I had my license with another company at the time. I was standing behind Miss Ebby herself and I told her I would love to talk to her about becoming an Ebby agent because I had heard so many good things about the company. She yelled out to the future manager and said, ‘Here’s our first Ebby Frisco agent. Let’s all go to lunch tomorrow!’ And the rest is history. I did become the first agent. And I can’t thank this company enough for what it’s done for me and my family.”

Brian Smith | Dave Perry-Miller Real Estate | Sales Associate

“Prior to 1984, I had been buying and selling my own real estate. I grew up in Dallas and heard the Ebby name and knew all about the Little White House. I decided to go with them. In fact, during my training is where I met my wife Leslie Rouda Smith (current NAR President). It’s been a really good experience for our family (daughter Kristin and son Austin are also with DPMRE). The reasons I chose them? The excellence, the reputation, the professionalism and the name. The training classes and the continuing education – you just can’t beat them. They keep us very well informed and up on any changes in real estate matters. It’s been a very good career.”

Congratulations to all and thank you for your extraordinary commitment to service!

To view the 25-Year Anniversary celebration video, click here.

For more photos from the 25-Year Anniversary celebration, click here.

To learn more about the Ebby Halliday Companies, please visit ebbyhallidaycompanies.com/joinus.

 

8 Reasons to List During the Holidays


‘Tis the Season to Sell Your Home! Contrary to popular belief, the holiday season – especially this holiday season – may actually be an ideal time to offer your North Texas home for sale! Here’s why…
  1. Average home sales price in North Texas is up over 20 percent over this time last year.
  2. Interest rates are at historic lows, which means buyers have more buying power than ever before.
  3. Inventory of homes for sale remain at low levels while buyer demand is strong.
  4. Many people are still working from home, which means they may want more space, home offices, or a change of scenery. With more flexible work schedules and less travel during the holidays, many prospective buyers may use the extra time to search for a new home.
  5. Consumers who shop for a home during the holidays are serious, motivated buyers.
  6. Typically there are even fewer homes on the market during the holiday season. Translation: less competition for you!
  7. Homes “show” better when decorated for the holidays.
  8. Many transferees are not able to wait until the spring market to buy. They are here now and need a home now.

Williams Trew, A Division of Ebby Halliday Companies, is the leading real estate company in North Texas. If you would like to buy or sell in this market, you will need a full-time, experienced agent by your side. Visit williamstrew.com and connect with one of our experienced agents today!