Your REALTOR:
Roxanne DeBerry
November 2020
Real
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Why Are People Obsessed with Mid-Century Modern Design?
Mid-century modern design is one of the most popular design styles right now and for good reason. It boasts clean lines, pops of color, and if you buy an older home, it can be a natural fit with the existing elements of the property.
      So, what exactly is mid-century modern design, and how can you make it work in your home?
      Mid-Century Modern Basics Mid-century modern design is based on architects’ work who moved from Germany to the U.S. after World War Two. These architects led the way in mid-century modern design, which emphasizes functionality and simplicity.
      The period, while there is some disagreement on
Mortgage Rates
U.S. averages as of November 2020:


30 yr. fixed: 2.81%
15 yr. fixed: 2.32%
5/1 yr. adj: 2.88%






on specifics, generally is considered to have lasted from the 1940s to the 1960s, but much of what we think of as mid-century modern now is from the
Wondering What Your Home Is Worth?

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What is a Short Sale?
     The idea of purchasing a home at a deeply discounted price is appealing to most people, but these situations can come with strings attached. One way to get a deal on a property is to buy a short sale, but the transactions are complex and risky.
      Short sales are transactions where a home is sold for a lower price than the debt that’s owed. When a homeowner realizes they can’t afford their mortgage anymore, they can start the short sale process with the lender. The owner has to apply, and the goal is to avoid foreclosure.
      Lenders will often approve a short sale if the home is worth less than what’s owed, and the seller has to demonstrate financial hardship. Short sales were incredibly common following the Great



Can You Get a Mortgage with Bad Credit?
     The real estate market remains hot right now, despite economic headwinds. Many people want to jump in and buy a home or upgrade their current home to a new one for good reason. Interest rates are incredibly low, so now could still be a buying opportunity, despite limited inventory and high prices in some locations.
      If your credit isn’t perfect, you may wonder if anyone will approve you for a mortgage. The short answer is maybe.
      You aren’t alone if you don’t have great credit. Around 15% of Americans have a credit score from 500 to 599, which is considered poor. Around 10% of people have credit in the range of 600 to 649, which is considered fair.
      When you’re applying for a mortgage, you’re most likely to be approved with a score of at least 650, although even anywhere in the 600s can make it challenging. If your score is below 500, you’re almost certainly not going

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September! Homes Are Selling!!

 Okay, here we are in September and some people are asking what is going on in this market! First, over this  past month my team and I listed approximately 9 homes!1 How many do we have left of the 9? We have only 1 of those nine that we listed. We were able to get eight of them sold in short order and we negotiated on multiple offers on most of them. 

Our Buyer Specialists, who work exclusively with buyers of residential homes have been working their tails off competing for homes for their clients and in most cases winning! I couldn't be more proud of there efforts in this low inventory and highly competitive market.

I am telling my sellers that they can receive great offers on their properties at this time, however, don't expect these offers to be more than what the numbers are for a particular neighborhood based on many factors. When I go over the numbers during my listing presentation I give them what is actually happening based on their size of home, lot values and other things to consider when pricing their home to get the best offer. 

Both pre-owned and new construction homes inventory are low. However, we have seen an uptick in listings coming on but they are being sold in short order. Our team is keeping a close eye out for our clients who are looking for a particular home in a certain area and we can move rapidly for them as required. We are also well versed in what is going on in new construction as well. Our sellers are finding out due our extensive marketing and great contacts with other Realtors it is bringing offers to their doorstep in a short amount of time.  

If you are someone you know needs our assistance with buying or selling a home, please have them call me: Roxanne DeBerry 214-676-8040. Have a great May and don't hesitate to let us know if we can be of any assistance with your real estate needs. The DeBerry Team of Keller Williams Realty



  Daily News and Advice

Read about the events shaping the Real Estate market today, find current interest rates, or browse the extensive library of advice and how-to articles written by some of the top experts in Real Estate. Updated each weekday.
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Roxanne DeBerry,REALTOR CRS ePro
E-mail: roxanne@thedeberryteam.com
Website: http://www.roxannedeberry.com
214-676-8040-CELL
Keller Williams Realty
972-943-7377
3608 Preston Road, Ste. 230
Plano, Texas 75093


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