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What to Make of Plano Listings Featuring Saltwater Pools

Riddle: What do saltwater pools and saltwater aquariums have in common?

Answer: Water.

That’s about all. When some house hunters see “saltwater pool” in Plano listings, the first thing apt to come to mind is that last trip to the ocean seashore or swaying palm trees—or perhaps some NatGeo TV show about endangered species on the Great Barrier reef. Visions of having their own playful pet dolphin in the backyard might flit through their consciousness (training: easy; maintenance: not so easy) before the practical questions begin to intrude— like having to rinse salt off after every dip, worrying about salt spray wrecking the lawn. Ultimately, the question would probably be, who in their right mind wants a saltwater pool instead of freshwater?

 The answer: some practical-minded Plano homeowners might. Saltwater pools aren’t filled with seawater (sorry, Flipper and Shamu: you’d find the accommodations unsuitable). The “saltwater” moniker refers to the way the fresh water is filtered and recirculated. There is a slight amount of saltiness to the water, but nowhere near what’s found in the oceans.

In a way, it’s really a shame that the name is what it is—especially when it causes potential buyers to make the connection with saltwater aquariums. People who’ve dealt with one of those know how difficult they are to maintain. Dedicated fish fanciers go to the effort because most brilliant varieties of fish inhabit the world’s oceans rather than freshwater rivers and lakes. But the price hobbyists pay for having all those bright colors on display is having to keep all sorts of chemical balances in equilibrium—and that takes constant vigilance.

Saltwater pools sidestep that drawback. They use electricity to manufacture the chlorine needed to battle microorganism growth—then continually monitor the result. These systems automatically start the pool pump when needed, resulting in less demand for homeowner monitoring.

That same convenience has a downside, however, because pool pumps have to run longer than they do in manually chlorinated pools. The reason is a complicated technological explanation having to do with the difference between the filtration systems (electrolysis vs. added cyanurates)—the long and short of which is fewer expensive chemicals (traditional) vs. higher energy costs (saltwater systems).

Whenever Plano homeowners consider an improvement, I can help with advice regarding the impact on future resale value—even if that future sale isn’t an immediate prospect. The type of filtration system in a pool (or even the addition of a pool itself) is part of that equation. Whenever you consider major value-building improvements to your Plano home, I hope you will give Hood Realty a call. Let’s chat!

real estate agent - Hood Realty - Plano Tx

Hood Realty
(972) 596-9112
www.hoodrealty.com

The post What to Make of Plano Listings Featuring Saltwater Pools appeared first on Hood Realty.

Lifestyle Shift Could Open Plano Investment Opportunity

When you recall how thoroughly public confidence was shaken during that last financial meltdown, you probably also remember how reluctant most people were to presume that Plano real estate values would rebound anytime soon. Those who saw nosediving property values as nothing less than a great buying opportunity were in the courageous minority—even though a cool-headed review of the history of home values’ ups and downs made such a conclusion pretty safe.

Today there may be a similar Plano real estate opportunity—although, in truth, you have to look a lot harder to see it. It’s emerging in the realm of Plano rental real estate investments. Instead of resulting from a dramatic global financial shakeup, it’s the by-product of a less headline-grabbing phenomenon—namely, an emerging shift in American lifestyle and spending habits.

One piece of evidence can be found in the rapid adoption of “sharing economy” businesses like Airbnb and Uber.  Forbes magazine points to their ascendency as evidence of a shift in Americans’ willingness to share goods and services with others—as well as a new attitude about ownership in general. It’s most evident among the younger set: “A fifth of Millennials would consider renting DIY products, clothing or sporting equipment,” one survey found—key drivers being affordability and convenience.

Forbes also looked at attitudes among Millennials about housing. Nearly a quarter who are not yet on the housing ladder said they were not concerned about owning a home of their own and would be content to rent for the rest of their lives. If offered lease terms of five or more years, they would be encouraged to “treat their rented property more like a home.”

Meantime, the widely-respected Pew Research Center found particularly that steep declines in homeownership are only partially due to the difficulty of coming up with a down payment. Even though mortgage approval rates are up, home loan applications are down.

This impact such an attitudinal shift could mean is underlined when you realize that there are 92 million Millennials. They make up the largest generation in American history. If they continue to place more value on the flexibility and convenience provided by the new business models, another outcome could well be the disappearance of the stigma that used to go with renting. Per the Urban Institute’s Laurie Goodman, the dip in homeownership among younger generations “is a permanent shift”—one evidenced by the rise in “lifestyle renters” (those who can afford to buy, but choose not to).

It could be part of why the rental market is booming across America—and lead to the conclusion that it will become, as Goodman stated, a permanent trend. If so, the long-term implications are certainly positive when it comes to Plano rental real estate investments. For anyone who has ever considered diversifying into a Plano real estate rental property investment, now would be a great time to call me to investigate further!

real estate agent - Hood Realty - Plano Tx

Hood Realty
(972) 596-9112
www.hoodrealty.com

The post Lifestyle Shift Could Open Plano Investment Opportunity appeared first on Hood Realty.

Why Plano Real Estate Agents Only Seem to Work for Plano

 Sooner or later, all children need to be warned about the fallacy of something for nothing. It’s an important lesson and a milestone. Very little ones are too young to be exposed to the idea that when they grow up, they should automatically examine the motives behind anything that seems to be offered for free. Until then, it’s one of the joys of parenthood to enjoy shielding the innocence of their kids for as long as possible. But sooner or later, for their own good, the basic lesson from the adult world has to be learned: outside the family, there’s no such thing as a free lunch.

That could be why first time home buyers can be forgiven for having a degree of skepticism when they learn that the Plano real estate agent who is offering to help them is willing to do so at no cost to them!

Hold it, they automatically think; where’s the catch?

It only sounds like “something for nothing.” When we make that offer, we Plano real estate agents aren’t, in fact, giving away our professional services as a charitable enterprise. The work we do (and the expenses we encounter in the course of doing it) will be compensated, but the bill will be presented elsewhere. It’s only sort of like a free lunch. The way it works is not just straightforward—it’s also logical.

When homeowners decide to sell Plano homes, the popular choice is to call upon the resources of a licensed Plano agent. The commission for doing so (often 5% or 6% of the sale price) is considered when arriving at the asking price—and since most of the other homes listed for sale have made similar arrangements, that amount should not put the property at a competitive disadvantage. Something like nine out of ten homeowners make that same decision, if for no other reason than the powerful marketing resources that can then go into the sales effort.

On the other side of the transaction-to-be, potential buyers can be offered the professional assistance of a real estate agent at no cost because of the traditional practice in the industry—the agreement between buying and selling brokerages to share in the selling agent’s commission. It’s a bit like what you run into when you use some cities’ toll bridges, where a toll equal to the value of two passages is charged coming into the city, but none as you leave. It’s doubly efficient that way.

In fact, I suspect the efficiency argument in American real estate practice isn’t the entire reason that this ancient system developed. Since a seller hopes to reap the proceeds of the sale, it’s fair to assume that he or she is the party who is better able to justify an expense—especially if it will only be paid when a successful sale is concluded. For the buyer, receiving the benefits of a professional’s services with no bill presented. Come to think of it—it does seem a little bit like free lunch, doesn’t it?

Plano listings are usually less numerous this time of year—which makes it an attractive time for sellers to put their homes up for sale. If you are thinking of selling or buying, there’s less competition than will be the case come springtime—ample reason to give Hood Realty a call!

real estate agent - Hood Realty - Plano Tx

Hood Realty
(972) 596-9112
www.hoodrealty.com

The post Why Plano Real Estate Agents Only Seem to Work for Plano appeared first on Hood Realty.

© 2017 . All rights reserved. The data relating to real estate for sale on this web site is provided from and copyrighted by the North Texas Real Estate Information Systems, Inc. NTREIS data may not be reproduced or redistributed and is only for people viewing this site. All information provided is deemed reliable but is not guaranteed and should be independently verified. The advertisements herein are merely indications to bid and are not offers to sell which may be accepted. All properties are subject to prior sale or withdrawal. Listing broker has attempted to offer accurate data, but buyers are advised to confirm all items. Information last updated on 2017-02-19.


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Hood Realty
3400 Silverstone Dr Suite 131
Plano, TX 75023
Phone: (972) 596-9112
Fax: (972) 596-9113
www.hoodrealty.com

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Hood Realty is a licensed real estate broker providing brokerage services in Texas since 2004

Hood Realty | (972) 596-9112
3400 Silverstone Dr Suite 131 Plano, TX 75023
Copyright © 2016. Hood Realty, All Rights Reserved