Tips for home buyers and sellers from a McKinney realtor

Homes are selling fast in McKinney, but there are some things both buyers and sellers should keep in mind. Kelly Rudiger of Coldwell Banker Apex Realtors in McKinney offered some tips to those entering the market as well as some insights into how the market stands out from other major U.S. cities and metro areas.

What are the main things people who are looking to buy a home need to know about the market in McKinney?

They have to come in fully prepared. They have to be pre-approved for a loan, not just pre-qualified they have to be ready to go. Many lenders will fully approve them ... so if you go through the whole system and you get approved, then you can get in there and say, ‘I am as good as your cash buyer,’ because that's where buyers are losing out is the time it takes to close a loan. So if you already show that you've gone through all of the processes and you're fully approved ... you're already putting yourself ahead of the game.

What is the one crucial tip you would give to someone looking to sell their home that they might not think of?

Do not overprice your home, people are now listening at inflated prices. And it's throwing everything out of keel. There's still a market value for your home. Now if someone is willing to come in and pay more, go for it. But if you already market your home above what it's worth, you're going to sell yourself short.


Is there anything about the McKinney real estate market that makes it stand out from other cities?

I think McKinney is being hit the worst with inventory. Our inventory is less than a month. In other areas the frenzy is crazy and so forth but out of all of the different areas in our county, McKinney being down to less than a month’s inventory for the last two, almost three months has really had an impact.

How is the market complicating things for sellers?

We have people who never thought about selling who are throwing their homes on the market because of the price. The problem is, where do you go? Unless you're downsizing, moving out of McKinney or North Texas, the money you make from your house is going to have to go into your next home, which is also inflated. That’s what people are doing, they're moving into their second home, that’s maybe smaller or a little bit further from work or that was their rental, but they're selling and cashing in on the equity that they can now get, and the home market right now.

Has the working from home trend affected floor plans?

I think one, people have better utilized the space that they have. They might have changed that dining room that they never used into a second office area. So I think people have been much more creative. ... So I think people know when they're looking at homes there is much more demand for either a second guest room or a second office.

Are you monitoring any trends that might surprise people?

What we’ve seen a lot of in the past year is people putting pools in, people having kitchen upgrades because they're cooking more at home, and doing a lot of upgrades to their homes. We're seeing homes that have wonderful manicured backyards, because people are at home, and people have expendable money because people didn't go on vacation. Then they had all this extra stimulus money they didn't know what to do with and didn't expect. So we've seen a lot of home improvement.

What else do you think people should know?

In this market, it's so important to work with a realtor that you know love and trust. Because right now, we can define whether you're going to get that house or not. And it's not just that you're able to pay the top dollar. It's often the reputation of a good realtor that they know that they're going to close the deal, and that they understand you and your wants and your needs.

Kelly Rudiger Kelly Rudiger

Realtor

Coldwell Banker Apex Realtors

7920 Virginia Parkway, Ste. 2400, McKinney

858-354-1742

www.kellyrudiger.com
By Miranda Jaimes

Editor, Frisco & McKinney

Miranda joined Community Impact Newspaper as an editor in August 2017 with the Grapevine/Colleyville/Southlake edition. In 2019 she transitioned to editor for the McKinney edition. She began covering Frisco as well in 2020. Miranda covers local government, transportation, business and nonprofits in these communities. Prior to CI, Miranda served as managing editor for The Prosper Press, The Anna-Melissa Tribune and The Van Alstyne Leader, and before that reported and did design for The Herald Democrat, a daily newspaper in Grayson County. She graduated with a degree in journalism from Oklahoma Christian University in 2014.



MOST RECENT

North Central Texas Council of Governments is proposing new uses for high-occupancy vehicle lanes on US 75 and is asking the public to provide feedback on the plan. (Community Impact staff)
McKinney residents can comment on plan that would pay some drivers to use HOV lanes on US 75

A pilot project in the corridor between I-635 and SH 121 just south of McKinney will evaluate the effectiveness of allowing solo drivers to use the HOV lane while also providing an incentive to cars with more than one occupant.

After almost five years of business, Taco Crush in McKinney has closed. (Community Impact Newspaper file photo)
After nearly 5 years in McKinney, Taco Crush closes its doors

The restaurant is listed as “Permanently closed” on Google, and a sign posted to the front of the restaurant described the closure notice as well.

All Serendipity Labs feature natural light with areas for teams to meet that meet health requirements. Pictured is Serendipity Labs Madison/Middleton, Wisconsin. The Serendipity Labs at McKinney–Craig Ranch will meet these same brand standards. (Courtesy Serendipity Labs)
Serendipity Labs coworking space sets McKinney opening date

Serendipity Labs will provide flexible workspaces that include private offices, coworking, team rooms and meeting and event space.

Jo Alch (right), founder and executive director of Pajamas for Seniors, and volunteer Allison Byrd-Haley collect pajama donations at Teresa's House in McKinney. (Brooklynn Cooper/Community Impact Newspaper)
McKinney nonprofit spreads 'love' and 'dignity' to senior citizens through pajamas

Pajamas for Seniors delivers pajamas to low-income seniors in nursing homes and hospitals.

Kyodai Handroll & Sushi Bar features fatty salmon sashimi. (Courtesy Kyodai Handroll & Sushi Bar)
Kyodai Handroll & Sushi Bar opens in Fort Worth; Plano joins peanut butter drive and more DFW-area news

Read the latest business and community news from the Dallas-Fort Worth area.

Renovations are taking place at the Collin College McKinney campus. (Rendering courtesy Collin College)
Renovations, construction underway at Collin College McKinney campus

The new center will be about 40,000 square feet and serve as a hub for students’ needs, including academic counseling, class sign-ups and payments.

CASA of Collin County debuted its renovated facility on Davis Street in downtown McKinney on Sept. 14. (Miranda Jaimes/Community Impact Newspaper)
CASA of Collin County celebrates 30th anniversary, facility renovation

CASA, or Court Appointed Special Advocates, are assigned to children who have been removed from their homes due to abuse or neglect. These advocates act on behalf of children in court to place them into a permanent home that serves the best interest of the child.

Hoots Wings offers five cooking options and 14 sauces and dry rubs to choose from. (Courtesy Leah Trice of Fishman Public Relations)
Hooters spinoff opens in Fort Worth; Worth the Pour liquor store now serving Castle Hills and more DFW-area news

Read the latest business and community news from the Dallas-Fort Worth area.

Collin County commissioners have adopted an annual budget for the next fiscal year, and residents are projected to pay more in property taxes despite a lower tax rate. (Courtesy Fotolia)
Collin County adopts $411M budget with new property tax rate

Collin County continues to see increasing revenue from property taxes due to rising property values.

OsteoStrong is coming to McKinney later this summer. (Courtesy OsteoStrong)
Wellness center OsteoStrong now open in McKinney

Sessions are personalized for members and can be catered toward athletes, those with osteoporosis or anyone wanting to improve bone health.

The Healthgrades award recognized superior performance in Medical City McKinney among national hospitals. (Courtesy Medical City McKinney)
Medical City McKinney awarded for excellency

This year, Medical City McKinney was honored for women’s care through the 2021 Women’s Care Awards by Healthgrades.