Monthly Archives: March 2016

Market Watch: Sales Contracts Hit Highest Level in Months

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The National Association of Realtors (NAR) just announced that the February Pending Home Sales Index reached its highest reading since July 2015.

What is the Pending Home Sales Index (PHSI)?

NAR’s PHSI is “a forward-looking indicator based on contract signings”. The higher thePending Home Sales Index number, the more contracts have been signed by buyers that will soon translate to sales. February’s Index rose 3.5% month-over-month to 109.1.

What does this mean for the market?

Lawrence Yun, NAR’s Chief Economist explained:

“After some volatility this winter, the latest data is encouraging in that a decent number of buyers signed contracts last month, lured by mortgage rates dipping to their lowest levels in nearly a year and a modest, seasonal uptick in inventory.”

“Looking ahead, the key for sustained momentum and more sales than last spring is a continuous stream of new listings quickly replacing what’s being scooped up by a growing pool of buyers. Without adequate supply, sales will likely plateau.”

So What Does This Mean For Buyers?

There is a lot of competition out there right now for your dream home. Prices are going to continue to climb, act now before you are priced out of your future home.

What Does This Mean For Sellers?

If you are on the fence about listing your home for sale and debating whether now is the time to move on with your plans of relocating… don’t wait!

There are more buyers that are ready, willing and able to buy their first, second, third, vacation, or investment property now than there has been in years! The supply of homes for sale is not keeping up with the demand of these buyers.

Listing your home for sale now will give you the most exposure to buyers and the best sales price.

Bottom Line

Whether you are planning on buying or selling a house this year, waiting to act no longer makes sense.

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Filed under Frisco, Home Buyer, Home for Sale, Home Listings, kimberly davis group, McKinney, north Texas homes for sale, plano, Providence Village, TX, Uncategorized

Gorgeous curb appeal in PRIME Frisco location that feeds to sought after Wakeland HS! $485,000 9921 SUGARBERRY DRIVE FRISCO, TX

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$485,000 9921 SUGARBERRY DRIVE FRISCO, TX

MLS: 13343973   Type: Single Family   County: Denton   City: Frisco   Neighborhood: Heather Ridge Estates Ph I   Zip: 75033  Style: Traditional   # Rooms: 12    Stories: 2   Taxes: $8,753

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2006

Gorgeous curb appeal in PRIME Frisco location that feeds to sought after Wakeland HS! Entry with hrdwds and elegant formal dining and LA flanked to your right and left. Hrdwds throughout 1st level including mstr BR and 2nd level game room. Gourmet kitch with granite and ss applncs overlooks spacious LA with beautiful stone FP and views of spectacular bckyrd pool & spa with custom arbor. Mstr bath with his n her vanities. Media room up. MUST SEE!

ELEMENTARY SCHOOL

MIDDLE SCHOOL

HIGH SCHOOL

Pink
Distance: 0.91 Miles
Griffin
Distance: 1.61 Miles
Wakeland
Distance: 1.02 Miles
Association Fee Frequency Annual
Association Type Mandatory
Block A
Energy Saving Features Ceiling Fans, Gas Water Heater
HOA Fee 500
HOA Fee Includes Full Use of Facilities, Management Fees
Handicap Access 0
Listing Area FRISCO / DENTON COUNTY EAST AREA (55)
Lot Number 31
Other Equipment Built-in Microwave, Cooktop – Gas, Dishwasher, Disposal, Oven-Electric, Water Line to Refrigerator
Property Type Residential
School District Frisco ISD
School Name Pink
Sub Area FRISCO (1)
Transaction Type For Sale
Type RES-Single Family
Year Built Details Preowned

INTERIOR FEATURES

Fireplace Gas Starter
Fireplaces Total 1
Flooring Carpet, Ceramic Tile, Wood
Heating Central Air-Elec, Central Heat-Gas, Zoned
Interior Features Cable TV Available, Decorative Lighting, High Speed Internet Available, Vaulted Ceilings, Window Coverings
Number Of Dining Areas 2
Number Of Living Areas 4
Room Count 12
Security System Yn 1
Sq Ft Total 3766

EXTERIOR FEATURES

Community Features Community Pool, Greenbelt, Perimeter Fencing, Playground
Construction Materials Brick
Exterior Covered Porch(es), Gutters, Patio Covered, Sprinkler System
Fencing Wood
Foundation Details Slab
Garage Depth 20
Garage Width 20
Lot Interior Lot, Landscaped, Some Trees, Subdivision
Lot Area Less Than .5 Acre (not Zero)
Lot Size Area 0.175
Lot Size Area (acres) 0.175
Lot Size Area (sq Ft) 7623
Lot Size Units Acres
Parking Features Attached, Covered, Garage, Garage Door Opener, Rear
Parking Spaces Carport 0
Parking Spaces Covered Total 2
Parking Spaces Garage 2
Pool 1
Pool Features Attached Spa, Heated, In Ground Gunite
Structural Style Single Detached
Style Traditional

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Fresh Listings! Just listed Mckinney Area! Don’t miss out!

Want to know the value of your home?  Click here: Find Your Homes Value Now For FREE.

Want to learn more information about a specific property?  Click here: The Kimberly Davis Group-Looking to Buy or Sell… The Kimberly Davis Group is ranked #1!

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Pristine ONE story home in PRIME location. Beautiful curb appeal with manicured landscaping. $335,000 6809 DENALI DRIVE MCKINNEY, TX

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$335,000 6809 DENALI DRIVE MCKINNEY, TX

MLS: 13343947   Type: Single Family   County: Collin   City: Mckinney   Area: Frisco   Neighborhood: Stone Hollow   Zip: 75070  Style: Traditional   # Rooms: 8    Stories: 1   Taxes: $6,935

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2,050

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 Pristine ONE story home in PRIME location. Beautiful curb appeal with manicured landscaping. Tile entry with elegant light fixture and crown molding. Open floor plan perfect for entertaining. Kitchen with granite, stainless steel appliances and island with breakfast bar overlooks a spacious living area with fireplace and kitchen nook with access to covered patio and backyard. Master bath with his n her vanities, garden tub and shower. MUST SEE PICS!

ELEMENTARY SCHOOL

MIDDLE SCHOOL

HIGH SCHOOL

Comstock
Distance: N/A Miles
Scoggins
Distance: 0.44 Miles
Heritage
Distance: N/A Miles
Association Fee Frequency Annual
Association Type Mandatory
Block N
Energy Saving Features Ceiling Fans, Gas Water Heater, Programmable Thermostat
HOA Fee 495
HOA Fee Includes Full Use of Facilities, Management Fees
Handicap Access 0
Listing Area FRISCO / DENTON COUNTY EAST AREA (55)
Lot Number 11
Other Equipment Built-in Microwave, Dishwasher, Disposal, Range/Oven-Electric, Vent Mechanism, Water Line to Refrigerator
Property Type Residential
School District Frisco ISD
School Name Comstock
Sub Area FRISCO (1)
Transaction Type For Sale
Type RES-Single Family
Year Built Details Preowned

INTERIOR FEATURES

Fireplace Gas Logs, Gas Starter
Fireplaces Total 1
Flooring Carpet, Ceramic Tile
Heating Central Air-Elec, Central Heat-Gas
Interior Features Cable TV Available, Decorative Lighting, High Speed Internet Available
Number Of Dining Areas 1
Number Of Living Areas 2
Room Count 8
Security System Yn 1
Sq Ft Total 2050

EXTERIOR FEATURES

Community Features Community Pool, Greenbelt, Jogging Path/Bike Path, Park, Playground
Construction Materials Brick
Exterior Covered Porch(es), Gutters, Patio Covered, Sprinkler System
Fencing Wood
Foundation Details Slab
Garage Depth 20
Garage Width 20
Lot Interior Lot, Landscaped, Some Trees, Subdivision
Lot Area Less Than .5 Acre (not Zero)
Lot Size Area 0.160
Lot Size Area (acres) 0.160
Lot Size Area (sq Ft) 6969
Lot Size Units Acres
Parking Features Attached, Covered, Front, Garage, Garage Door Opener
Parking Spaces Carport 0
Parking Spaces Covered Total 2
Parking Spaces Garage 2
Pool 0
Structural Style Single Detached
Style Traditional

Like us on Facebook: The Kimberly Davis Group

Fresh Listings! Just listed Mckinney Area! Don’t miss out!

Want to know the value of your home?  Click here: Find Your Homes Value Now For FREE.

Want to learn more information about a specific property?  Click here: The Kimberly Davis Group-Looking to Buy or Sell… The Kimberly Davis Group is ranked #1!

 

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Filed under Frisco, Home Buyer, Home for Sale, Home Listings, kimberly davis group, McKinney, north Texas homes for sale, plano, Providence Village, TX, Uncategorized

The Top 5 Reasons You Should Not For Sale By Owner

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In today’s market, with homes selling quickly and prices rising, some homeowners might consider trying to sell their home on their own, known in the industry as a For Sale by Owner (FSBO). There are several reasons this might not be a good idea for the vast majority of sellers.

Here are five of those reasons:

1. There Are Too Many People to Negotiate With

Here is a list of some of the people with whom you must be prepared to negotiate if you decide to For Sale By Owner:

  • The buyer who wants the best deal possible
  • The buyer’s agent who solely represents the best interest of the buyer
  • The buyer’s attorney (in some parts of the country)
  • The home inspection companies, which work for the buyer and will almost always find some problems with the house
  • The appraiser if there is a question of value

2. Exposure to Prospective Purchasers

Recent studies have shown that 89% of buyers search online for a home. That is in comparison to only 20% looking at print newspaper ads. Most real estate agents have an internet strategy to promote the sale of your home. Do you?

3. Results Come from the Internet

Where do buyers find the home they actually purchased?

  • 44% on the internet
  • 33% from a Real Estate Agent
  • 9% from a yard sign
  • 1% from newspaper

The days of selling your house by just putting up a sign and putting it in the paper are long gone. Having a strong internet strategy is crucial.

4. FSBOing has Become More and More Difficult

The paperwork involved in selling and buying a home has increased dramatically as industry disclosures and regulations have become mandatory. This is one of the reasons that the percentage of people FSBOing has dropped from 19% to 8% over the last 20+ years.

The 8% share represents the lowest recorded figure since NAR began collecting data in 1981.

5. You Net More Money when Using an Agent

Many homeowners believe that they will save the real estate commission by selling on their own. Realize that the main reason buyers look at FSBOs is because they also believe they can save the real estate agent’s commission. The seller and buyer can’t both save the commission.

Studies have shown that the typical house sold by the homeowner sells for $210,000 while the typical house sold by an agent sells for $249,000. This doesn’t mean that an agent can get $39,000 more for your home as studies have shown that people are more likely to FSBO in markets with lower price points. However, it does show that selling on your own might not make sense.

Bottom Line

Before you decide to take on the challenges of selling your house on your own, sit with a real estate professional in your marketplace and see what they have to offer.

Like us on Facebook: The Kimberly Davis Group

Fresh Listings! Just listed Mckinney Area! Don’t miss out!

Want to know the value of your home?  Click here: Find Your Homes Value Now For FREE.

Want to learn more information about a specific property?  Click here: The Kimberly Davis Group-Looking to Buy or Sell… The Kimberly Davis Group is ranked #1!

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Filed under Frisco, Home Buyer, Home for Sale, Home Listings, kimberly davis group, McKinney, north Texas homes for sale, plano, Providence Village, TX, Uncategorized

This beautiful 1 story Paul Taylor custom built home w 5 bedrooms, 4 baths & 5 car garage sits on a 1 acre green belt lot $770,000 910 BEECHWOOD LANE FAIRVIEW, TX

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$770,000 910 BEECHWOOD LANE FAIRVIEW, TX

MLS: 13341438   Type: Single Family   County: Collin   City: Fairview   Area: Lovejoy Area   Neighborhood: Fairview Meadows  Zip: 75069   Style: Traditional   # Rooms: 13    Stories: 1   Taxes: $16,436

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This beautiful 1 story Paul Taylor custom built home w 5 bedrooms, 4 baths & 5 car garage sits on a 1 acre green belt lot. Gorgeous drive up appeal w extended front porch entrance. Backyard oasis includes covered porch, cedar pergola, & pool & spa w water sport features. The size & openness of the family room, kitchen & breakfast is perfect for entertaining. New roof, wood floors, granite counters, Lovejoy schools & many more features!

ELEMENTARY SCHOOL

MIDDLE SCHOOL

HIGH SCHOOL

Robert L. Puster
Distance: 0.59 Miles
Willow Springs
Distance: N/A Miles
Lovejoy
Distance: 3.55 Miles
Association Fee Frequency Annual
Association Type Mandatory
Block A
Energy Saving Features Ceiling Fans, Double Pane Windows
HOA Fee 620
HOA Fee Includes Maintenance of Common Areas, Management Fees
Handicap Access 0
Listing Area LOVEJOY AREA (52)
Lot Number 3
Other Equipment Built-in Microwave, Cooktop – Gas, Dishwasher, Disposal, Double Oven, Oven-Electric, Plumbed For Gas in Kitchen, Water Line to Refrigerator
Property Type Residential
School District Lovejoy ISD
School Name Robert L. Puster
Sub Area Lovejoy Area (1)
Transaction Type For Sale
Type RES-Single Family
Year Built Details Preowned

INTERIOR FEATURES

Fireplace Brick, Gas Starter, Metal Box, Wood Burning
Fireplaces Total 1
Flooring Carpet, Ceramic Tile, Wood
Heating Central Air-Elec, Central Heat-Gas
Interior Features Bay Windows, Cable TV Available, Decorative Lighting, High Speed Internet Available, Plantation Shutters, Sound System Wiring, Vaulted Ceilings, Window Coverings
Number Of Dining Areas 2
Number Of Living Areas 4
Room Count 13
Security System Yn 1
Sq Ft Total 5012

EXTERIOR FEATURES

Community Features Greenbelt
Construction Materials Block
Exterior Gardens, Gazebo/Pergola, Gutters, Outdoor Living Center, Patio Covered, Patio Open, Sprinkler System
Fencing Iron
Foundation Details Slab
Garage Depth 0
Garage Width 0
Lot Acreage, Interior Lot, Landscaped, Lrg. Backyard Grass, Some Trees, Subdivision
Lot Area .5 Acre to .99 Acre
Lot Size Area 1.030
Lot Size Area (acres) 1.030
Lot Size Area (sq Ft) 44866
Lot Size Units Acres
Parking Features Attached, Covered, Garage, Garage Door Opener, Opener, Side
Parking Spaces Carport 0
Parking Spaces Covered Total 5
Parking Spaces Garage 5
Pool 1
Pool Features Attached Spa, Cleaning System, In Ground Gunite, Play Pool, Water Feature
Soil Type Unknown
Structural Style Single Detached
Style Traditional

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Fresh Listings! Just listed Mckinney Area! Don’t miss out!

Want to know the value of your home?  Click here: Find Your Homes Value Now For FREE.

Want to learn more information about a specific property?  Click here: The Kimberly Davis Group-Looking to Buy or Sell… The Kimberly Davis Group is ranked #1!

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Filed under Frisco, Home Buyer, Home for Sale, Home Listings, kimberly davis group, McKinney, north Texas homes for sale, plano, Providence Village, TX, Uncategorized

Market Watch: Home Sales Up Year-Over-Year

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Some Highlights

  • This is the 48th consecutive month with year-over-year price gains.
  • Lawrence Yun, NAR’s Chief Economist says that, “The main issue continues to be a supply & affordability problem. Finding the right property at an affordable price is burdening many potential buyers.”
  • Inventory is still below historic norms at a 4.4 month supply.

Like us on Facebook: The Kimberly Davis Group

Fresh Listings! Just listed Mckinney Area! Don’t miss out!

Want to know the value of your home?  Click here: Find Your Homes Value Now For FREE.

Want to learn more information about a specific property?  Click here: The Kimberly Davis Group-Looking to Buy or Sell… The Kimberly Davis Group is ranked #1!

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Filed under Frisco, Home Buyer, Home for Sale, Home Listings, kimberly davis group, McKinney, north Texas homes for sale, plano, Providence Village, TX, Uncategorized

1 Story Gem in the Heart of Stonebridge Ranch!! Built by Darling, 3 Bedrooms, 2 Bath, Study, Formal Dining!! Updated and Decorator Custom Finishes!! $272,000 2500 KENTMERE LANE MCKINNEY, TX

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$272,000 2500 KENTMERE LANE MCKINNEY, TX

MLS: 13341282   Type: Single Family   County: Collin   City: Mckinney   Area: Mckinney Area  Neighborhood: Stanford Meadow #1   Zip: 75070   Style: Traditional   # Rooms: 9    Stories: 1   Taxes:$5,932

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1 Story Gem in the Heart of Stone bridge Ranch!! Built by Darling, 3 Bedrooms, 2 Bath, Study, Formal Dining!! Updated and Decorator Custom Finishes!! Kitchen with Granite and TONS of Storage is Open to Breakfast, Large Family Room!! Master Bedroom Suite with vaulted ceilings overlooks backyard!! Secondary Bedrooms with large walk in closets! Study has view to front yard!! Large Stained Concrete Patio!! Landscaping is gorgeous!

ELEMENTARY SCHOOL

MIDDLE SCHOOL

HIGH SCHOOL

Bennett
Distance: 0.45 Miles
Evans
Distance: 0.58 Miles
Mckinney Boyd
Distance: 2.44 Miles
Association Fee Frequency Annual
Association Type Mandatory
Block D
HOA Fee 740
HOA Fee Includes Full Use of Facilities, Maintenance of Common Areas, Management Fees, Other
Handicap Access 0
Listing Area MCKINNEY AREA (53)
Lot Number 3
Other Equipment Built-in Microwave, Cooktop – Gas, Dishwasher, Disposal, Oven-Electric, Vent Mechanism, Water Line to Refrigerator
Property Type Residential
School District McKinney ISD
School Name Bennett
Sub Area McKinney Area (1)
Transaction Type For Sale
Type RES-Single Family
Year Built Details Preowned

INTERIOR FEATURES

Fireplace Gas Starter, Stone
Fireplaces Total 1
Flooring Carpet, Ceramic Tile, Concrete, Laminate
Heating Central Air-Elec, Central Heat-Gas
Interior Features Cable TV Available, Decorative Lighting, High Speed Internet Available
Number Of Dining Areas 2
Number Of Living Areas 1
Room Count 9
Security System Yn 1
Sq Ft Total 2081

EXTERIOR FEATURES

Community Features Club House, Community Pool, Jogging Path/Bike Path, Other, Park, Playground, Tennis
Construction Materials Brick
Exterior Covered Porch(es), Gutters, Patio Covered, Patio Open, Sprinkler System
Fencing Wood
Foundation Details Slab
Garage Depth 22
Garage Width 21
Lot Cultivated, Interior Lot, Some Trees, Subdivision
Lot Area Less Than .5 Acre (not Zero)
Lot Size Area 0.160
Lot Size Area (acres) 0.160
Lot Size Area (sq Ft) 6969
Lot Size Units Acres
Parking Features Attached, Front, Garage
Parking Spaces Carport 0
Parking Spaces Covered Total 2
Parking Spaces Garage 2
Planned Development Stonebridge Ranch
Pool 0
Structural Style Single Detached
Style Traditional

Like us on Facebook: The Kimberly Davis Group

Fresh Listings! Just listed Mckinney Area! Don’t miss out!

Want to know the value of your home?  Click here: Find Your Homes Value Now For FREE.

Want to learn more information about a specific property?  Click here: The Kimberly Davis Group-Looking to Buy or Sell… The Kimberly Davis Group is ranked #1!

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Filed under Frisco, Home Buyer, Home for Sale, Home Listings, kimberly davis group, McKinney, north Texas homes for sale, plano, Providence Village, TX, Uncategorized