North Dallas & Plano Real Estate Blog

The Market in Collin County for both new construction and pre-owned homes continued on a rampage in September. What do I mean! Competition for homes coming on the market are fierce in many areas. What does that mean? Multiple Offers! We are deep into a "Sellers' Market". However, mortgage rates are at all time lows and that is generating a large demand for homes. We started the year with very low inventory and with this high demand it is gobbling up our inventory at a rapid pace. Many areas are now only 1.5 months of inventory or less and that is all types of single family homes. The median price for most new construction homes have increased and that may be due to a large increase in the cost of lumber. I have been told that the increases are upwards to

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The Market Has Definitely Changed! My Buyer Specialists have been working with many buyers working to find them the home they desire. They are having to compete with many multiple offers and so they have to use their knowledge and skill to win in those type of situations. Our seller specialists have been listing homes for those willing to get the most for their home and helping them negotiate the multiple offers that they are receiving. Right now is an excellent time to sell a home since the inventory is low and the ability to get more for your home is great! 

Look at these numbers for Collin County and some of the areas we follow each week and month. Collin County-Days on Market=45 days!, Allen-Days on Market=33 days!, Frisco-Days on Market 36 days!,

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Many people have asked me and my team what is going on with home sales during the pandemic? There are some people who have taken their homes off the market and yes buyer traffic has been reduced but not eliminated. Our team is still listing homes and also showing buyers who need to find a home. We track approximately 18 areas to make sure we understand the dynamics of the market. Most areas are in Collin County but we also have a couple of areas outside of that like north Dallas, Rockwall and parts of Denton County. This gives us a good picture of the activity. This past week ending April 19th there were 380 single family homes that "Sold". Based on the approximate same weekly period last month there were 363 homes that "Sold". So you can see that we had

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I wanted to discuss a phenomenon that is happening in the real estate industry. There are now companies wanting to provide what they call "end to end solutions" for selling a home. In other words, they will buy a home for a specific price based on their algorithms and then re-sell the home while providing title as well as mortgage services to the public. They have nifty apps to put on your cell phone to do the home search and of course, to capture you there. Why am I discussing this? Let me explain, there are companies that have been in the Real Estate Brokerage business for a long time such as Keller Williams, Remax and others. But now we have real estate portals like Zillow who have stepped into the fray to purchase and resell homes. So what is the

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What will 2020 bring residential real estate in Collin County and in North Texas in general? As we have seen over this past year home prices continued to move up approximately 4% in 2019. However, the movement upward has slowed. Why? First, more inventory came onto the market and second the demand in the lower price ranges was high but inventory for that product was low causing those who could get into a home to wait. Even though interest rates remained at an all time low it did not spur a surge in activity due to shortage of these type of products. Until this changes I think we will see still see more of the same in 2020. 

A sellers market vs a buyers market. There have only been a few months over the last decade that we might be able to look back and

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Home sellers always want to know what is the “best” price to put their home on the market. However, most do not know what the market is doing in their area and how their home compares to other homes for sale in their neighborhood. Realtors usually look over the past 6 months to see what has sold in the neighborhood and compare that with the home seller’s home. This does give a “ball park” but it takes a little more research to come up with a “competitive price”.

All homes are different by the way they are maintained, their location, upgrades, and a host of other things that needs to be considered in determining a selling price. For me, I went to appraisal school to see how they put together their appraisals. I am not an appraiser but the information

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As a Realtor, I continue to try to keep up with what is going on in the real estate industry. One of the things that I get questions about is what is "I" Buyers. I will try to explain based on what I've read on this internet way to receive offers on homes for sale listed on a particular platform. Today, there are companies that have programs that allow internet offers directly to sellers without the aid of a Realtor Buyer Agent. These internet platforms, as I understand it, represent the seller only, not the buyer. They have some sort of disclosure that notifies the buyer of their representation agreement based on state requirements. At this point, the majority of buyers want a realtor to assist them with making an offer as well as helping with the

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As many of my readers know, my husband Larry tracks and updates our team on a weekly, monthly, quarterly basis of what is going on in our market area and in some of the top selling areas for our team. The information is also great for buyers and sellers of residential real estate because it can assist them with making decisions to how to take advantage of market conditions. Let's see what he told us about the 1st quarter of 2019.

In Collin County inventory of homes have has been rising in most cities over the 1st quarter of 2019. You would think that this might have a negative effect on home pricing. The answer to that is yes and no. First, home prices have grown at a slower percentage this first quarter than in 2018. 2nd, however home prices have

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As we go into this Thanksgiving holiday, we want to acknowledge all of those who have made our business possible. First, we want to thank all of my past clients because you have continued to use our services over and over again through many, many years. I couldn't be more "thankful" for all of you. Your continued support by referring clients to us from your family, friends and business associates has been the reason our team has grown over the years. Thank you!!! Next, I want to thank all those who never used our services in the past but found us via different methods and are now our present clients. We are so appreciative you that have chosen our team to assist you. Thank you all so much!! I now want to thank those who make our business possible. These

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Recently I was forwarded this information about storage units and thought it would be good to pass along to my audience. It has a lot of good information when considering to use storage units and the types that are available. If you just need extra space or  you are getting ready to sell your home and need storage this article is a great resource. Click on the link to get the needed information.  https://www.storageunits.org/self-storage/
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