Tag Archives: frisco

Well Kept! Delmar Wallace CUSTOM home in the heart of West Plano! RARE oversized 3 car garage, beautiful diving pool with spa and outstanding floor plan 3629 REMINGTON, PLANO TX 75023

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3629 REMINGTON, PLANO TX 75023

Original Owner has lovingly cared for this Delmar Wallace CUSTOM home in the heart of West Plano! Tucked away on a beautiful treed culdesac, you’ll find a RARE oversized 3 car garage, beautiful diving pool with spa and outstanding floorplan with 3-way bedroom split! Master+split 4th bedroom with bath down; two large bedrooms with shared bath upstairs! Island Kitchen overlooks pool! Gorgeous cathedral ceiling in Living Room; SEE PHOTOS FOR MORE!

  • MLS# 13386257
  • Residential
  • 4 Bedrooms
  • 3 Bathrooms
  • 3281 Square Feet
  • 3 Garage spaces
  • Built in 1980
  • 0.24 acres lot
List Firm – Keller Williams Realty Plano.

DETAILS

Pool Attached Spa, Cleaning System, Diving, In Ground Gunite
Property Features Cul De Sac, Interior Lot, Irregular, Landscaped, Some Trees, Subdivision
School District Plano
Association Fee 15
Foreclosure No
Design Single Detached
Garage Type Attached, Garage Door Opener, Opener, Outside Entry, Oversized, Rear, Workbench
Open house No

UTILITIES

Heating Central Air-Elec, Central Heat-Gas, Zoned
Sewer Type City Sewer

FEATURES

Interior Features Bay Windows
Fireplace Gas Logs, Gas Starter
Flooring Carpet, Ceramic Tile, Other
Exterior Features Covered Porch(es), Gutters, Patio Covered, Patio Open, Sprinkler System
Construction Brick
Foundation Slab
Roof Composition
Style Traditional
Fencing Wood

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SHOWS LIKE A MODEL! Do Not Miss this Beauty! End Unit with east facing Faux-Flagstone Patio,2 Bedrooms,2.5 Bathrooms, WOOD FLOORS, 8925 TROLLEY, MCKINNEY TX 75070

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$262,500

8925 TROLLEY, MCKINNEY TX 75070

SHOWS LIKE A MODEL!Do Not Miss this Beauty!End Unit with east facing Faux-Flagstone Patio,2 Bedrms,2.5 Bathrms,WOOD FLOORS,Corian Kitchen,GAS COOKING,Walk-in Pantry,Laundry Room Down,easily add a fence for yard,Large Master,Vaulted Ceilings,YOU WILL NOT BELIEVE THE SIZE OF THE MASTER CLOSET,Split Bedrms,GAME RM,Garage Shelving,easy walk to clubhouse,this one feels like home!HOA includes blanket insurance,roof,pool,gym,sprinklers,lawn.FRISCO ISD!

  • MLS# 13358423
  • Residential
  • 2 Bedrooms
  • 2.1 Bathrooms
  • 1944 Square Feet
  • 2 Garage spaces
  • Built in 2005
  • 0.05 acres lot
List Firm – Keller Williams Realty Plano.

DETAILS

Property Features Interior Lot, Landscaped, Some Trees, Subdivision
School District Frisco
Association Fee 130
Foreclosure No
Design Condo/Townhome
Garage Type Garage, Garage Door Opener, Rear
Open house No

UTILITIES

Heating Central Air-Elec, Central Heat-Gas
Sewer Type City Sewer

FEATURES

Interior Features Cable TV Available, Decorative Lighting, Flat Screen Wiring, High Speed Internet Available, Vaulted Ceilings, Window Coverings
Fireplace Gas Logs
Flooring Carpet, Ceramic Tile, Wood
Exterior Features Covered Porch(es), Gutters, Lighting System, Patio Covered, Sprinkler System
Construction Rock/Stone
Foundation Slab
Roof Composition
Style Mediterranean

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Real Estate Market Watch: Sell NOW Before Competition Hits the Market

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In their current edition of the Home Price Expectation Survey released last week, Pulsenomics asked this question of the 100+ economists, real estate experts and investment & market strategists they surveyed:

“In your opinion, what is the primary driver of recent home value growth in the U.S.?”

Here are the top four reasons given by those surveyed:

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As we have stated before, the current lack of inventory in most housing markets has caused home appreciation to increase at greater percentages than historical averages. This means that this is a great time to sell your home as supply is low and demand is high.

However, things may be about to change…

The fortuitous situation sellers see themselves in may soon change for three reasons:

  1. As more homeowners realize their equity situation has dramatically improved over the last four years, they will be more likely to put their homes on the market.
  2. With the residential real estate sector outperforming a sluggish economy, more home builders will be looking to add new construction inventory to a depleted supply of housing stock.
  3. Many banks are just now foreclosing on loans that have been delinquent since the housing bust. These houses will also be coming to market.

According to Daren Blomquist, senior vice president of RealtyTrac, in the Q2 2016 U.S. Residential Property Vacancy and Zombie Foreclosure Report:

“Lenders have been taking advantage of the strong seller’s market to dispose of lingering foreclosure inventory.” 

Bottom Line

In most housing markets, don’t wait for this additional competition to hit the market. If you are considering selling your house, now may be the time.

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Market Watch: Where Are Home Values Headed Over the Next 5 Years?

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Today, many real estate conversations center on housing prices and where they may be headed. That is why we like the Home Price Expectation Survey.

Every quarter, Pulsenomics surveys a nationwide panel of over one hundred economists, real estate experts and investment & market strategists about where they believe prices are headed over the next five years. They then average the projections of all 100+ experts into a single number.

The results of their latest survey:

Home values will appreciate by 4.0% over the course of 2016, 3.4% in 2017 and 3.0% in the next two years, and finally 2.8% in 2020 (as shown below). That means the average annual appreciation will be 3.2% over the next 5 years.

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The prediction for cumulative appreciation slowed slightly from 25.0% to 24.7% by 2020. The experts making up the most bearish quartile of the survey are still projecting a cumulative appreciation of 9.9%

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Bottom Line

Individual opinions make headlines. We believe the survey is a fairer depiction of future values.

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Real Estate Market Watch: Are Foreclosures Increasing or Decreasing?

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Recently, there has been a lot of talk about the size of the foreclosure inventory in the nation. There has been some speculation that distressed property inventories are about to skyrocket. Today, we want to reveal what is actually taking place in this segment of the housing market.

CoreLogic, in their most recent National Foreclosure Report, reported that foreclosure inventory has decreased by 23.2% since this time last year. The report also showed that foreclosure inventory has decreased in 49 of the 50 states and that 45 states have posted a year-over-year, double-digit decline (see chart below).

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Other findings in the report:

  • The Seriously Delinquent Rate (homeowners more than 90 days behind in their mortgage payment) is 3.1% which is the lowest level since November 2007
  • The Foreclosure Rate is 1.1% which is also the lowest level since November 2007
  • This was the 53rd consecutive month that showed a decline in the Foreclosure Rate

Bottom Line

Though foreclosures do remain in the market, the number is dramatically decreasing. The fact that mortgage delinquency rates are also decreasing means the worst of the foreclosure crisis is in the rear view mirror.

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Highly customized Landon Home on private cul de sac in Austin Ridge. Beautiful hardwoods and soaring ceilings, 1040 ECHO BEND, FRISCO TX 75034

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$407,000 

1040 ECHO BEND, FRISCO TX 75034

Highly customized Landon Home on private cul de sac in Austin Ridge. Energy Star Certified w tankless water heater,low E windows and radiant barrier. Master and guest suite down w 3 additional bedrooms and game room up. Beautiful hardwoods and soaring ceilings that allow for ample natural light w elegant floor to ceiling fireplace. Gourmet kitchen w stainless steel appliances,cabinetry galore w pull out spice racks,gas cooktop w large island

  • MLS# 13376918
  • Residential
  • 5 Bedrooms
  • 3 Bathrooms
  • 2909 Square Feet
  • 2 Garage spaces
  • Built in 2011
  • 0.17 acres lot
List Firm – Keller Williams Realty Plano.

DETAILS

Property Features Cul De Sac, Interior Lot, Landscaped
School District Frisco
Association Fee 496
Foreclosure No
Design Single Detached
Garage Type Attached, Garage, Garage Door Opener, Rear

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Seller’s Market: Is it Time to Downsize?

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A study by Edelman Berland reveals that 33% of homeowners who are contemplating selling their house in the near future are planning to scale down. Let’s look at a few reasons why this might make sense for many homeowners, as the majority of the country is currently experiencing a seller’s market.

In a recent blog, Dave Ramsey, the financial guru, highlighted the advantages of selling your current house and downsizing into a smaller home that better serves your current needs. Ramsey explains three potential financial advantages to downsizing:

  1. A smaller home means less space, but it also means less time, stress and money spent on upkeep.
  2. Let’s assume you save $500 a month on your mortgage payment. In 30 years, you could have an additional $1–1.6 million in the bank to get you through your golden years.
  3. Use the proceeds from selling your current home to pay cash for a smaller one. Just imagine what you could do with no mortgage holding you down! If you can’t pay cash, aim for a 15-year fixed rate mortgage and put at least 10–20% down on your new home. Apply the $500 you saved from downsizing to your new monthly payment. At 3% interest, you could pay off a $200,000 mortgage in less than 10.5 years, saving almost $16,000 in the process.

Realtor.com also addressed downsizing in a recent article. They suggest that you ask yourself some questions before deciding if downsizing is right for you and your family. Here are two of their questions followed by their answers (in italics) and some additional information that could help. 

Q: What kind of lifestyle do I want after I downsize?

A: “For some folks, it’s a matter of living a simpler life focused on family. Some might want to cross off travel destinations on their bucket lists. Some might want a low-maintenance community with high-end upgrades and social events. Decide what you want to achieve from your move first, and you’ll be able to better narrow down your housing options.”

Comments: Many homeowners are taking the profit from the sale of their current home and splitting it in order to put down payments on a smaller home in their current location, as well as a vacation/retirement home where they plan to live when they retire.

This allows them to lock in the home price and mortgage interest rate at today’s values. This makes sense financially as both home prices and interest rates are projected to rise.

Q: Have I built up enough equity in my current home to make a profit?

A: “For most homeowners, the answer is yes. This is if they’ve held on to their properties long enough to have positive equity that will be sizable enough to put a large down payment on their next home.”

Comments: A study by Fannie Mae revealed that only 37% of Americans believe that they have significant equity (> 20%) in their current home. In actuality, CoreLogic’s latest Equity Report revealed that 72.6% have greater than 20% equity. That equity could enable you to build the life you’ve always dreamt about. 

Bottom Line

If you are debating downsizing your home and want to evaluate the options you currently have, let’s meet up so I can help guide you through the process.

CLICK HERE FOR YOUR PERSONALIZED HOME SEARCH!!!

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

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