All About Texas Real Estate

By Shayne Stone, "Your Rock Solid Choice Realtor"
(HomeSmart)
Want To Sell Your House? Price It Right.Last year, the housing market slowed down in response to higher mortgage rates, and that had an impact on home prices. If you're thinking of selling your house soon, that means you'll want to adjust your expectations accordingly. As realtor.com explains:. . . some of the more prominent pandemic trends have changed, so sellers might wish to adjust accordingly to get the best deal possible.In a more moderate market, how you price your house will make a big difference to not only your bottom line, but to how quickly your house could sell. And the reality is, homes priced right are still selling in todays market.Why Pricing Your House Appropriately MattersEspecially today, your asking price sends a message to potential buyers.  If its priced too low, ...
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By Lorrie Semler, REALTOR® in the Dallas area. Call/text 972-416-3417, Real Service. Real Results. Real Estate
(United Real Estate)
This post is an entry into the Active Rain February 2023 Challenge: "What's Love Got to Do With it?" The challenge is being sponsored by Debe Maxwell and Brian England. and the task involves writing 500 words about what makes your city/town/area so special.While there is much to love about Addison, Texas, what makes us special are the annual events hosted by the town. Locally, we're best known for these two special events:The restaurant sampling event held each spring since 1993 in Addison's Circle Park.  Taste Addison (don't call it Taste of Addison!) features food, entertainment, headliners, crafts, wine tastings, and more. Mark your 2023 calendar for June 2-3 for this event.At the end of September, while the Germans begin the celebration in Munich, we're back in Addison's Circle Park...
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By Dorie Dillard Austin TX, NW Austin ~ Canyon Creek and Spicewood/Balcones
(Coldwell Banker Realty ~ 512.750.6899)
Handsome Hudson #8 had a great basketball game Saturday and  his team won! I love going to watch his team in action. They have an excellent coach and all get it! They know how to communicate with each other, and understand how to make it happen!               "The strength of the team is each individual member. The strength of each member is the team."   Phi Jackson
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By Brian Rugg, Sun City TX Real Estate - Georgetown, TX Real Est
(Rugg Realty LLC Sun City Texas 512-818-6700)
Text Version Sun City Texas Real Estate Report© & Home Sales SummaryJanuary 2023 Results See online at www.SunCity https://www.ruggrealty.com/sun-city-tx-real-estate-market-reports/   January-23 January-22   Summary Sales Price / Sq Ft Sales Price / Sq Ft Change from prior year Low $176.8 $193.7 -8.7% High $288.5 $300.2 -3.9% Average $237.3 $241.6 -1.8% Median $236.1 $240.3 -1.7% Units Sold 17 40 -57.5%           January-23 January-22   Summary Sale Price Sale Price Change from prior year Low $304,000 $299,000 1.7% High $770,000 $687,000 12.1% Average $477,232 $443,753 7.5% Median $450,000 $415,950 8.2% Units Sold 17 40 -57.5% Days on Market 58 15 286.7% Data gathered from ACTRIS MLS Feb 5, 2023 Month of Jan. 2023 – All of us at Rugg Realty hope you survived the ice storm and had minima...
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By Tracy Lee Parker, Buy*Sell*Rent
(RE/MAX DFW Associates)
3 bedroom, 2 bathroom & 2 car side garage in a non HOA of Wylie, TX. The homeowners started flooring, fireplace cover & hall bathroom updates but were unable to finish them so they are selling BELOW MARKET & AS-IS. The roof was replaced in 2016, new dishwasher & newer covered back patio. Newer Air Handler & Hot Water Heater too. Foundation was repaired in 2013 & has a transferable warranty. The piers were placed in & around the primary bedroom only. This home has 2 living areas, one with a fireplace, formal dining room, separate laundry room & ceiling fans. The split master has jetted tub, dual sinks & a walk in closet. Back yard has a nice covered awning & stamped concrete patio.  
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By Shayne Stone, "Your Rock Solid Choice Realtor"
(HomeSmart)
Is an ARM for you?Before you move into the home of your dreams, you’ll need to decide what type of mortgage will work best for your financial needs. One type is an adjustable-rate mortgage, also called an ARM. What is an ARM? We’ll explore this kind of loan so that you can decide if it’s right for you. An adjustable-rate mortgage or ARM is a home loan with an interest rate that adjusts over time. These rates are governed by benchmarks such as the U.S. Treasury and are influenced by economic conditions and your credit score. These are unlike a fixed-rate mortgage which keeps the same interest rate and payment for the life of the loan.If your goal is to get the lowest mortgage rate on a starter home, an ARM is a good introductory option because it usually starts low. Although it is genera...
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By Patricia Feager, MBA, CRS, GRI,MRP, Selling Homes Changing Lives
(DFW FINE PROPERTIES)
The Snow Moon is scheduled in the sky on February 5th. Finally, it appears winter is over and spring is on its way. People in Flower Mound enjoyed 60-degree temperatures Saturday night. I must say it felt too warm wearing a sweater! In this photo I took going home last night the moon was nearly full. One side of the street was dry, and some neighborhood streets had a sheen of black ice. From a local perspective it was a sleepy town by 7 PM. Where were all the people? Here at the Riverwalk a handful of people were walking their dogs' wearing shorts. The midnight blue sky looked gorgeous along the river.  Turning away from the moon in the sky and looking at the clock the sky changes to a lighter hue. Lights around a water view makes a difference. Midnight blue or light hue, it was still a...
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By RPDFW @ Salas Home Team, #1 Team in Real Estate Specialty Services
(Realty Preferred DFW)
¿Está buscando convertirse en un comprador de vivienda por primera vez?Aquí hay 3 cosas que quizás no sepa acerca de contratar a un agente de bienes raíces.👇1.- No te cuesta nada. ¡Los agentes de bienes raíces obtienen una comisión del vendedor, no una tarifa de usted!2.- Cada agente tiene su especialidad. Busque un agente que se especialice en ayudar a los compradores de vivienda primerizos a encontrar su nueva cuna.3.- Asegúrate de vibrar con tu agente inmobiliario. ¡Son su defensor en el proceso, allí para representarlo a usted y sus necesidades!¿Tiene alguna pregunta sobre la contratación de un agente de bienes raíces? Sigamos con la conversación en los comentarios.¡No espere más para convertirse en comprador de vivienda por primera vez!Hablemos hoy.
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By RPDFW @ Salas Home Team, #1 Team in Real Estate Specialty Services
(Realty Preferred DFW)
Are you looking to become a first-time homebuyer?Here are 3 things you might not know about hiring a real estate agent.👇1.- It doesn’t cost you anything. Real estate agents get a commission from the seller, not a fee from you!2.- Every agent has their specialty. Look for an agent that specializes in helping first-time homebuyers find their new crib.3.- Make sure you vibe with your real estate agent. They’re your advocate in the process, there to represent you and your needs!Have any questions about hiring a real estate agent? Let’s keep the conversation going in the comments.Don't wait any longer to become a first-time homebuyer!Let's talk today. 
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By Shayne Stone, "Your Rock Solid Choice Realtor"
(HomeSmart)
The 3 Factors That Affect Home Affordability If you've been following the housing market over the last couple of years, you've likely heard about growing affordability challenges. But according to experts, the key factors that determine housing affordability are projected to improve this year. Selma Hepp, Executive, Deputy Chief Economist at CoreLogic, shares:. . . with slowly improving affordability and a more optimistic economic outlook than previously believed, the housing market could show resilience in 2023.The three measures used to establish home affordability are home prices, mortgage rates, and wages. Here's a closer look at each one.1. Mortgage RatesMortgage rates shot up to over 7% last year, causing many buyers to put their plans on hold. But things are looking different tod...
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By Patricia Feager, MBA, CRS, GRI,MRP, Selling Homes Changing Lives
(DFW FINE PROPERTIES)
🤩Happy Friday! Things have resumed back to normal or at least better in Flower Mound, TX than it started on Monday! I finally got mail delivered today. I did not receive any cards, letters from friends or family, or money either. The two advertiser magazines that were delivered are headed for the dump (whenever the Garbage Services resume). Whew! Texans are glad the severe winter weather is over! Not a single snow flake was added to the deep snow since the last time I posted about the terrible weather we had that caused everything to shut down. My snow shovels are down from the attic but have not been used since I left Illinois in March 1997. Did you know that today, February 3 is NATIONAL WEAR RED DAY? Go red for Women is the American Heart Association's national movement to end heart ...
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By Dorie Dillard Austin TX, NW Austin ~ Canyon Creek and Spicewood/Balcones
(Coldwell Banker Realty ~ 512.750.6899)
El Arroyo is an iconic local spot in Austin. They make the best hand-squeezed margaritas and serve Black Angus beef tacos (along with many other Tex- Mex offerings) and have since 1975!A quirky marquee is out front on the corner of West 5th and Campbell. Every day they change their bill board with a new pun (everything imaginable).       They encourage you to submit your pun on their website and of course have permission to post them. It’s one of those “Keep Austin Weird” things that we all in Austin love!They post them on Instagram because everyone loves them. Our own Myrl Jeffcoat follows them as well as Kathy Streib and Endre Barath, Jr.! We all need some laughter or a chuckle each day! It's fun checking out the new pun each day.                                 Hope you enjoy these! ...
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By Shayne Stone, "Your Rock Solid Choice Realtor"
(HomeSmart)
Why You Shouldn't Fear Todays Foreclosure HeadlinesIf you've seen recent headlines about foreclosures surging in the housing market, you're certainly not alone. There's no doubt, the stories in the media can be pretty confusing right now. They may even make you think twice about buying a home for fear that prices could crash. The reality is, the data shows a foreclosure crisis is not where the market is headed, and understanding what that really means is mission critical if you want to know the truth about what's happening today. Here's a deeper look.According to the Year-End 2022 U.S. Foreclosure Market Report from ATTOM, foreclosure filings are up 115% from 2021, but down 34% from 2019. As media headlines grab onto this 115% increase, its more important than ever to put that percentag...
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By Tracy Lee Parker, Buy*Sell*Rent
(RE/MAX DFW Associates)
Luxury Homebuilder in Royse City Texas High end living has come to Royse City Texas ! This is a builder who has been building in Texas for many years but has developed  this new high end, architecturally designed home with very modern floorplans & eye catching exteriors that everyone loves.  These particular homes are in Royse City on one acre lots, giving you the country feel but close to everything!  Chef Inspired Kitchens Luxurious Owner Suites & Baths  Striking Exteriors  Sophisticated Interiors  Safety & Energy Efficient Features  They have two February ready to move in homes that range from:  4-5 Bedrooms 3-4.5 Bathrooms 3 car Garages 3410 -4259 square feet 1-1.5 Stories $799,000-$876,000 Their modern design really caught my eye when I visited the model  the minute I walked in the...
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By James Potenza New Home REALTOR®, Don't go to the builder without a new home Realtor
(Houston New Home REALTORS - Potenza Team)
How to Navigate the Houston New Construction Housing Market with Current Interest Rates. TIP: Find a builder that offers cash to help buy down your interest rate. Contact James Potenza 800-301-9122  james@newhomejames.comHouston is one of the fastest-growing cities in the country, attracting both new residents and new construction. As a homebuyer in Houston, it can be overwhelming to navigate the housing market and determine the best option for your situation, especially when interest rates are constantly fluctuating.In this post, we will examine the current interest rates in Houston and how they impact the cost of buying a new construction home. We'll also provide some tips for securing the best interest rate possible and making informed decisions when purchasing a new home.First, let'...
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By Shayne Stone, "Your Rock Solid Choice Realtor"
(HomeSmart)
Why It Makes Sense To Move Before SpringSpring is usually the busiest season in the housing market. Many buyers wait until then to make their move, believing its the best time to find a home. However, that isn't always the case when you factor in the competition you could face with other buyers at that time of year. If you're ready to buy a home, here's why it makes sense to move before the spring market picks up.Spring Should Bring a Wave of Buyers to the MarketIn most years, the housing market goes through predictable seasonal trends in activity. Winter is typically a quiet point in the year, while spring sees a surge of buyers begin their search. And experts project that this year will be no exception. Right now, buyer demand is low due to a combination of normal seasonal trends and ...
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By Patricia Feager, MBA, CRS, GRI,MRP, Selling Homes Changing Lives
(DFW FINE PROPERTIES)
This is my submission for the February 2023 Challenge hosted by Debe Maxwell, CRS with Brian England from ActiveRain. The objective for this challenge is to introduce you to where I live and work. If you ever flew to or from DFW International Airport, there is a very good chance you flew over my house. To drive to the Town from DFW International Airport it takes about 17 minutes or 3 miles north of the Airport, 20 miles NW of Dallas, and 25 miles NE of Fort Worth. What you eventually come to when you drive down 2499 or Long Prairie Road from DFW Airport is the intersection of 2499 (Long Prairie Road) and 3040 (Flower Mound Road). To the right of the cross roads, is the Mound which I photographed below. During spring, it is covered in wildflowers. Before sunrise on Easter Sunday morning,...
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By RPDFW @ Salas Home Team, #1 Team in Real Estate Specialty Services
(Realty Preferred DFW)
Cerrar una casa: ¿cuánto tiempo lleva?Comprar una casa es emocionante, pero puede parecer que lleva una eternidad pasar de la oferta a la mesa de cierre.En promedio, toma de 30 a 45 días llegar a la mesa de cierre, y eso es una situación perfecta. A veces puede cerrar más rápido o más lento, pero tenga en cuenta de 30 a 45 días al firmar un contrato de venta.El proceso para cerrar una casaEl proceso de cierre de la casa es complejo. No solo debe encontrar la casa que desea comprar, sino que también debe resolver su financiamiento. Aquí hay un resumen rápido de la línea de tiempo típica.Obtenga una aprobación previaComience el proceso obteniendo una aprobación previa con un prestamista. Esto le dice cuánto puede pagar, en qué términos y condiciones debe cumplir.Una carta de preaprobación...
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By RPDFW @ Salas Home Team, #1 Team in Real Estate Specialty Services
(Realty Preferred DFW)
Closing on a House – How Long Does it Take?Buying a house is exciting, but it can feel like it takes forever to get from the offer to the closing table.On average, it takes 30 – 45 days to get to the closing table, and that’s in a perfect situation. Sometimes you may close faster or slower, but keep 30 – 45 days in mind when signing a sales contract.The Process to Close on a HouseThe house closing process is complex. Not only must you find the house you want to buy, but you must sort out your financing. Here’s a quick rundown of the typical timeline.Get Pre-ApprovedStart the process by getting pre-approved with a lender. This tells you how much you can afford, on what terms and the conditions you must satisfy.  A pre-approval letter also gets your foot in more doors with sellers. Most s...
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By Lorrie Semler, REALTOR® in the Dallas area. Call/text 972-416-3417, Real Service. Real Results. Real Estate
(United Real Estate)
Real Estate Market Trends for Addison, TX:  January 2023 Residential Real Estate For Sale in Addison TexasThe total number of currently available residential properties for sale in Addison, Texas is 17, while there were 27 last month.  Thirteen are pre-owned and 4 are new construction at Addison Grove. Currently for sale, there are: 5 single family homes (ranging in price from $599,000 - $1,040,000) No half-duplexes 6 condos ($279,000 - $599,500) 6 townhomes ($444,000 - $769,990) Thirteen of the 17 available homes have been on the market for longer than 30 days.  The average number of days on the market for the “active” status, pre-owned homes is 65 days, as compared to 143 last month. The median number of days on the market is 51 days, compared to last month’s 75 days.   New listings i...
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