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Making Moving Day Easier: Navigating New Builds and Old Home Sales in Dallas Suburbs

May 05, 20254 min read

Making Moving Day Easier: Navigating New Builds and Old Home Sales in Dallas Suburbs

Moving can be a stressful but exciting time, especially when transitioning to a new home that perfectly fits your family’s needs. For families living in Dallas or its thriving suburbs, like Frisco, Plano, McKinney, Allen, or Prosper, the challenge often lies in juggling the sale of an old home with the excitement of moving into a newly built one. With modern amenities and vibrant communities, these new areas are drawing many Dallas homeowners looking to upgrade their lifestyle or downsize after their kids have moved out. Here's how you can make moving day smoother and stress-free for everyone.

The Challenge: Managing the Move from the Old to the New

Embarking on constructing your dream home in the Dallas suburbs presents unique challenges. Balancing the sale of your current home while overseeing construction can be overwhelming. The risk of market fluctuations may make it hard to sell at the desired price, while construction delays might leave your family needing temporary housing. Then there is the tough task of purging beloved items to lighten your load, as well as financial concerns regarding the best use of your current home’s equity. These stressors can quickly add up, making it essential to plan a stress-minimized move.

The Impact: Keeping Your Family and Sanity Intact

Managing these challenges affects not just your schedule, but your family's peace of mind, too. Here’s why it's important:

  1. Timing is Key: Matches and mismatches in timing can affect your housing situation. Selling too soon can result in a need for temporary housing, whereas closing too late on the sale might create financial strain with overlapping mortgages.

  2. Budget Concerns: Rising construction costs might cause budget overruns. Being strategic with funds from the sale of your current home is crucial.

  3. Construction Delays: Unanticipated building delays may leave your family in temporary housing longer, straining resources and patience.

  4. Logistics Simplified: Overseeing both a home sale and new construction requires strategic planning to minimize disruptions to family life.

  5. Emotional Transition: Moving from a home filled with memories can be tough. It’s vital to engage the family in making the new house feel like home.

Making the Transition: Strategies for a Smooth Move

1. Plan Backward from Your Move-In Date

Consider that building a home takes 6 to 12 months, with possible delays. Knowing this helps you work backward from your desired move-in date, aiding in planning for your current home sale and the overall move.

Action Plan: Share timelines with your realtor, ensuring alignment with the builders for a coordinated move.

2. Follow a Moving Checklist

A detailed checklist can help manage the move with less chaos. Having a list ensures that important tasks aren’t overlooked amidst the busy process.

Action Plan: Use online resources or apps tailored for moving to track steps, delegate tasks within the family, and avoid last-minute rushes.

3. Inventory and Declutter Your Home

Assess what items are needed in the new home and what can be left behind. An organized process will help declutter and even earn extra cash through item sales.

Action Plan: Host a garage sale or use online marketplaces to sell unused items. This decluttering can engage the whole family.

4. Engage Contractors and Realtors Regularly

Frequent communication with builders and realtors ensures updated timelines and quick resolutions to potential hiccups, keeping the move on track.

Action Plan: Establish regular check-in meetings to keep everyone informed and aligned.

Packing and Moving Day Tips: Efficiency and Care

1. Start Packing Early

Avoid cramming packing into a short timeframe by starting well in advance. Early packing ensures a less stressful and more organized move.

Action Plan: Pack infrequently used rooms first. This allows essential spaces to remain functional as long as needed.

2. Pack in Logical Stages

Organized stages and timelines allow you to tackle packing one area at a time, reducing chaos and streamlining the move.

Action Plan: Label boxes by room and contents for easier unpacking. Use color codes or stickers for quick identification.

3. Utilize Community Resources

Identify and lean on community amenities that can assist in your transition, whether it's temporary housing or joining local activities to settle into the new neighborhood.

Action Plan: Research short-term lease options or stay with family if needed. Check if local community groups have welcome packages or events.

4. Stay on Top of Finances

Explore all potential for cost-saving, whether it's choosing budget-friendly moving services or finding builder-financing incentives.

Action Plan: Plan for two financial scenarios—one where you sell your home on time, and another where you might need temporary financial solutions to bridge the gap.

Moving In: Settling into Your New Dallas Suburb Home

Now that you have navigated the complex move to your dream home, it's time to enjoy the benefits of this well-planned transition. Your new suburb offers the community feel, modern conveniences, and lifestyle amenities you've wanted for your family. With everything in place, you can now fully appreciate the modern design and energy-efficient benefits of your new construction home. The baby steps and concerted family efforts make this move to new beginnings easier, smoother, and more rewarding.

Make sure to savor this transition, as it marks a fresh start in a place perfectly suited for your current and future family needs.

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Owned and Operated by Thomas & Thomas Financial Group, LLC

Steven J. Thomas

Steven J. Thomas has been in the financial services industry for the past 19 years and started my career as a Financial Planner for American Express Financial Advisors. I entered into banking with JP Morgan Chase as personal banker in 2003 and was promoted several times up to Small Business Specialist. I earned multiple Million Dollar Club awards and was ranked in the top 5 Small Business Specialist before I branched out in 2005 to start my own Financial Management Company. I ran a successful company before family circumstances lead me to Wachovia Bank in 2008 where I worked as a Senior Financial Specialist. As a Sr. Financial Specialist; I was responsible for the P & L and revenue growth of my banking center. The elimination of my role thru a bank merger lead me to BBVA Compass. I have held various leadership roles at BBVA Compass including Personal Relationship Manager, Branch Retail Executive, Workplace Solutions VP, and his current role as a Retail Manager. As the Regional Workplace Solutions VP, I was responsible for the strategic, tactical, and execution of Partnership Banking relationships, promotion and activity with corporate and non-profit companies in my footprint. I was responsible for the acquisition production for three districts, which includes 51 banking centers and over 300 employees. In May of 2014, I joined the team at Refind Realty and became one of the managing partners in mid-2015.

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I used this realtor and it was a great experience. He was patient and very helpful with our journey. He also helped us find a great lender with little hassle on the process, also got us approved for well above the market of our original home so we were able to get more house with a lower mortgage rate. So to anyone who is interested in buying a home take my advice give Steven a call. It’s worth it 😁

Bryant Loring

Steve was absolutely amazing! Everything was easy! Very professional in all aspects. Punctual, responsive, and diligent. He goes above and beyond to ensure you get to see as many homes as you’d like no matter the location. Not only was he knowledgeable about home buying, he also has a resourceful network for new home owner needs. I recommend Refind Realty to everyone!

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Ask Us Anything

Frequently Asked Questions

Why do you need a Realtor?

When buying or selling a home, there are so many options…which can also present a lot of obstacles. Laws change, forms change, and practices change all the time in the real estate industry. Because it’s our job to stay on top of those things, hiring a realtor reduces risk, and can also save you a lot of money in the long run.

When you work with me as your Realtor, you’re getting an expert who knows the area; knows how to skillfully guide your experience as a seller or buyer; can easily spot the difference between a good deal and a great deal. My job is to translate your dream into a real estate reality, and I work hard to earn and keep my business. This also means earning your trust: When you work with me, you’ll be working with a realtor who looks out for your best interests and is invested in your goals.

Which loan should you choose?

There are two different types of loans conventional loans and government-backed loans. The main difference is who insures these loans:

1 - Government-backed loans (FHA, VA and USDA):

(a) - Are, unsurprisingly, backed by the government.

(b) - Include FHA loans, VA loans, and USDA loans.

(c) - Make up less than 40 percent of the home loans generated in the U.S. each year.

2 - Conventional loans

(a) - Are not backed by the government.

(b) - Include conforming and non-conforming loans (such as jumbo loans).

(c) - Make up more than 60 percent of the loans generated in the U.S. each year.

What is the difference between FHA, VA and USDA loans?

1 - FHA LOANS:

FHA loans, which are insured by the Federal Housing Administration, are typically designed to meet the needs of first-time homebuyers with low or moderate incomes. FHA loans can be approved with a down payment of as little as 3.5 percent and a credit score as low as 580.

FHA loans are often called “helper loans,” because they give a leg up to potential borrowers who may not be able to secure one otherwise. For this reason, FHA loans have maximum lending limits, which are determined based on housing values for the county where the for-sale home is located.

Because the agency is taking on more risk by insuring FHA loans, the borrower is expected to pay mortgage insurance both at the time of closing and on a monthly basis, and the property must be owner-occupied.

2 - VA LOANS:

VA loans are backed by the Department of Veterans Affairs and they are guaranteed to qualified veterans and active-duty personnel and their spouses. VA loans can be approved with 100 percent financing, meaning VA borrowers are not required to make a down payment.

Unlike FHA loans, borrowers do not have to pay mortgage insurance on VA loans.

3 - USDA LOANS:

You may also hear about USDA loans, which are backed by the United States Department of Agriculture mortgage program. USDA loans are intended to support homeowners who purchase homes in rural and some suburban areas. USDA loans do not require a down payment and may offer lower interest rates; borrowers may have to pay a small mortgage insurance premium in order to offset the lender’s risk.

What’s a conventional loan? Understanding what it means to be conforming and non-conforming

Buyers who have a more established credit history and a larger down payment may prefer to apply for a conventional loan. These loans may offer a lower interest rate and only require the home buyer to purchase monthly mortgage insurance while the loan-to-value ratio is above a certain percentage, so a conventional loan borrower can typically save money in the long run.

Conventional loans are divided into two types: Conforming loans and non-conforming loans.

1 - CONFORMING LOANS:

Conforming loans are those that meet (or conform to) predetermined standards set by Fannie Mae and Freddie Mac — two government-sponsored institutions that buy and sell mortgages on the secondary market. By selling the loans to "Fannie and Freddie," lenders can free up their capital and return to issue more mortgages than if they had to personally back every loan that they approve.

The main standard for conforming loans is that the amount borrowed must be under a certain amount; in Alaska, a single-family home loan must be under $647,200 in order to be considered conforming.

Properties with more than one unit have higher limits.

2 - NON-CONFORMING (JUMBO) LOANS:

But what happens if a borrower wants to borrow more than the Freddie- and Fannie-approved loan amount? In this case, they would have to apply for a “jumbo loan,” which is the most common type of non-conforming loan.

Because the lender cannot resell the jumbo loan (or any non-conforming loan) to Freddie Mac or Fannie Mae, jumbo loans are considered to be riskier than a conforming loan. To protect against this risk, the bank will typically require a higher down payment; the interest rate on a jumbo loan may also be higher than if the same borrower applied for a conforming loan.

What kind of rate should you choose?

Rate types: Fixed-rate vs. adjustable-rate mortgages.

In addition to the loan type you choose, you’ll also have to determine if you want a fixed-rate mortgage or an adjustable-rate mortgage (ARM). A fixed-rate mortgage has an interest rate that does not change for the life of the loan, so it provides predictable monthly payments of principal and interest.

An adjustable-rate mortgage typically offers an initial introductory period with a low-interest rate. Once this period is over, the interest rate adjusts periodically, based on the market index. The initial interest rate on an ARM can sometimes be locked in for different periods, such as one, three, five, seven, or 10 years. Once the introductory period is over, the interest rate typically readjusts annually.

Office 1229 E. Pleasant Run Ste 224, DeSoto TX 75115

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Owned and Operated by Thomas & Thomas Financial Group, LLC