I’ve Officially Joined With Coldwell Banker Realty

Today I have an exciting announcement about my future, which involves a story from my past.

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I proudly joined Ebby Halliday Realtors almost 10 years ago. Back then, I was a brand-new agent and I didn’t know much, but I knew that Ebby Halliday had a stellar reputation in the community. I went to a local Ebby Halliday office for an interview and told the manager that I was a new agent, I didn’t know a single soul in the area, and that English isn’t my native language, but also that I’m willing to work hard and do whatever it takes to become the No. 1 agent. She said that she was glad to see me join the team, but she also warned me that almost 90% of new agents don’t make it to their second year—it might not be a bad idea for me to have a plan B in place. Little did she know that real estate was already my plan B at the time (and plan C or D, if I’m being honest). Shortly after, I purchased a home, and it made more sense for me to move to the Frisco office, which is where I met Terri Macaluso, who was managing that office. I told her the same thing I told the manager with whom I'd initially interviewed.

I’m so thrilled to announce that I’m joining my former manager Terri Macaluso at Coldwell Banker Realty.

”

She simply told me, “Well let’s get to work then.” It was under Terri’s leadership, management, and mentorship that my dream of becoming the No. 1 agent came true. I still remember that year’s award ceremony. Terri kept it a surprise from me; I remember she had a huge grin on her face, and it seemed like she was more excited for me to get the award than I was! That’s why I’m so thrilled to announce that I’m joining my former manager Terri Macaluso, who also happens to be one of my biggest cheerleaders here at my new home, Coldwell Banker. The tools and support they have here are truly unmatched, and I can’t wait to give you an update on my experience in a future post. I also want to give my love, honor, and respect to Ebby Halliday Realtors and thank them from the bottom of my heart for being my home and my family for almost a decade. I will miss them all dearly. Additionally, I want to thank my friends and clients for your continued support, love, trust, and loyalty. I promise the only disruption and inconvenience you might have (if any) during this transitional period is memorizing my new email address, anastasia@cbrealty.com. My phone number is still the same, so if you have questions or need any help at all, please feel free to reach out to me! I’m looking forward to seeing what the future holds for us all.

Featured Listings

Available near you:

1 / 3

2160 Woodhaven Drive

2 / 3

1900 Tapadero Lane

3 / 3

1329 Melrose Drive

The Pandemic’s Impact

The current pandemic has changed everything. Today I’m explaining some of the ways the economy and businesses have been impacted.

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What a surreal time! We have never seen an event like the current pandemic in our lifetime. There has never been such a sudden economic halt as what we’re experiencing right now. This is the time for all of us to step up and be the best we can be.

The majority of businesses are struggling; they’re only bringing in a small fraction of their usual revenue. To learn more about the coronavirus’s impact on the economy and business, watch my latest video above.

Featured Listings

Available near you:

1 / 3

2160 Woodhaven Drive

2 / 3

1900 Tapadero Lane

3 / 3

1329 Melrose Drive

What to Do if an Appraisal Comes in Low

Low appraisals can be meddlesome, but there are plenty of solutions to this common problem. Here’s what you can do.

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A very common question I hear from my clients is, “Does a home have to appraise at the contract price or the financed loan amount?” The short answer is the contract price, but here’s why: When financing a home purchase, a lender must ensure that they don’t finance more than a home is worth. The lender will typically require the buyer to contribute a small amount to the transaction, commonly referred to as a down payment, to help safeguard against risk. The financed price, or maximum amount the lender can loan you, is usually expressed in loan-to-value ratio. For example, an 80% loan-to-value ratio product will require a 20% down payment. A 90% loan-to-value ratio will require a 10% down payment. A common problem occurs when an appraisal value is less than a contract price. For example, if a buyer agrees to pay $260,000 for a home and the appraisal comes back at $250,000, the loan will only cover 95% of the appraised value of $250,000, or $237,500. To complete the purchase, the buyer would need a down payment of $22,500 instead of the originally planned $13,000.

You could just ask the seller to reduce their sale price.

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Basically, a low appraisal number has the ultimate result of requiring a higher down payment from the buyer. Of course, the buyer may not be willing or able to come up with that difference. In that case, they do have the option of walking away from the contract due to the appraisal contingency. There are also different ways to overcome a low appraisal. You could ask the seller to reduce the sale price to reflect the appraised value, or you could negotiate somewhere in the middle. If you have questions about this topic or anything else related to real estate, I’d love to be your resource. Just reach out via phone or email today.

Featured Listings

Available near you:

1 / 3

2160 Woodhaven Drive

2 / 3

1900 Tapadero Lane

3 / 3

1329 Melrose Drive