Plano, TX Real Estate News

By Patricia Feager, MBA, CRS, GRI,MRP, Selling Homes Changing Lives
(DFW FINE PROPERTIES)
  PENDING SALE 9809 CastlewoodPlano, TX 75025 This beautiful Townhouse will be one of the newer 50 shades of grey that the HOA is currently using to paint all individual units. Included in the HOA fee are the replacement of any wood trim if needed too. Gutters, Roof, and Fence were replaced by the HOA last year. By the time this home is scheduled to close, it will have a completely fresh and modern look.  The unique features for this listing include recessed lighting in the kitchen with a wall of windows that naturally changes the warm earth tones within. There's a green belt view just outside the windows. The stream of light reflects beauty inside and out. Recent updates include stunning Granite in kitchen and master bath. Travertine backsplash in kitchen, dual stainless steel sink, fa...
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By Amanda Thomas, ​Broker, SRES®, BPOR, MCNE, ​Certified DRS Agent™
(Providence Group Realty)
“REALTORS® have reason to celebrate today as legislation easing restrictions on FHA financing for condominiums is finally signed into law,” says NAR President Tom Salomone. “This is a long-awaited victory for NAR and for home buyers for whom condos are an important and affordable option.”H.R.3700 - Known as the Housing Opportunity Through Modernization Act of 2016 (and nicknamed the Condo Bill) makes FHA's recertification process less burdensome for condo properties, reduces requirements for owner occupancy rates,  and eases restrictions against all private transfer fees for residential loans.  Now that the bill has been signed into law, there will be a short regulatory process that follows to complete implementation and notification for the changes. “Condominiums often represent an aff...
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By Amanda Thomas, ​Broker, SRES®, BPOR, MCNE, ​Certified DRS Agent™
(Providence Group Realty)
From blogging to giving showing feedback, many agents feel "blocked" when it come to real estate activities that involve writing. For many, writing is equivalent to public speaking... it can make us feel vulnerable, exposed, and frustrated because we don't always know what to say, and worry about what NOT to say.The Purpose of Showing FeedbackThe first step in providing meaningful showing feedback is to understand the purpose -- which is to communicate with the Listing Agent (and in many cases, the Seller) about the Buyer's showing experience and perceptions. Often, it is the initial advance toward contract negotiations.What It's Not... It's not a platform to disparage the listing agent or attempt to poach the listing It's not for "punishing" or "venting" toward the Seller or Listing Ag...
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By Amanda Thomas, ​Broker, SRES®, BPOR, MCNE, ​Certified DRS Agent™
(Providence Group Realty)
What do you get when you cross Michael Buble with Microsoft and real estate? Sway!What is Sway?For starters, Microsoft Sway is COOL! If PowerPoint, SharePoint, OneNote and Wordpress had a baby, it would be Sway. Building an interactive story takes seconds with Sway's dynamic drag and drop interface. Users can embed images, videos, documents and even social media content to create reports, presentations, online photo albums, blog entries, and more...  As you build your Sway content, it publishes live to web and becomes sharable with a direct link. Users are permitted share editable links for collaborative projects (to invite others to contribute or modify the project), and then there is a third option to share the completed project to docs.com, to be indexed for public visibility.What Ca...
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By Amanda Thomas, ​Broker, SRES®, BPOR, MCNE, ​Certified DRS Agent™
(Providence Group Realty)
No more classes, no more books... Completing those pre-licensing real estate courses is a BIG accomplishment, no matter what the level of prior education or career success a person has had. A close second (in Texas at least) is completing the 2nd round of courses (98 hours) that are required for an agent's first renewal.Ramping up a real estate practice can be a surprisingly daunting task. It's more than picking a logo and hanging out a shingle. What agents learn in pre-licensing courses is important, but the actual day-to-day work activities -- and the skills required for establishing a professional practice -- are not the focus or purpose of the foundational curriculum.Many new agents equate start up to "drinking through a fire hose".  Learning the words and the tools of a new trade c...
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By Richard Woodward NMLS#217454, Service Beyond Expectations! Your Texas Lender
(Nexa Mortgage, NMLS #1660690)
Workshop & Networking For Realtors, Inspectors, And Small BusinessesClass Location: Chicago Title 18111 Preston Rd #170, Dallas, TX 75252When: August 3rd 11:30-1:00 PM ——Lunch ProvidedCall or email kgoldsberry@lincloan.com to reserve your seat: (214) 945-1066Here's a quick look at what's in the presentation The Value of Video. Communicate with much more animation and personality than text Ideas for Effective Videos. Create video tour of homes, neighborhoods, retail shops, workshops etc. Establish trusted local expert status. 10 Tips for Video Excellence. Email, testimonials, single property websites, posting on YouTube etc.  YouTube in a Google World setting up and using your account. Mechanics of posting videos. How to record, edit and upload your videos using today's tools and techniq...
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By Richard Woodward NMLS#217454, Service Beyond Expectations! Your Texas Lender
(Nexa Mortgage, NMLS #1660690)
Mortgage Rates are near a 3 year low. Have you thought of refinancing your Texas  home? You could get a lower rate. You could eliminate mortgage insurance becuase your homes value has likely increased. You could cut years off your mortgage. I will provide you a customized refinance analysis free of charge. Call me today or start online at www.mortgageprosus.com/RefinancingOption Refinancing does not have to be expensive or a big hassle. Richard Woodward, NMLS 217454Office: (214) 945-1066Interlinc Mortgage Services, LLC., NMLS 2056967711 San Jacinto Place, Ste 100 Plano, Texas 75024 Licensed by the Texas Department of Savings and Mortgage Lending (SML) Mortgage Banker Registration. InterLinc is an Equal Housing Lender. This is not an offer of credit or commitment to lend. Loans are subj...
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By Richard Woodward NMLS#217454, Service Beyond Expectations! Your Texas Lender
(Nexa Mortgage, NMLS #1660690)
VA Home Loans If you are looking for a Plano Texas VA home loan you have come to the right place.  Do you want special rates reserved for our country's heroes?  As a direct lender we cut out the middleman and provide our veterans with exceptional service and competitive rates.  Interlinc Mortgage is proud to serve our veterans and active-duty families of the United States Armed Forces in Plano Texas and provide excellent rates with our VA Home Loan Programs.  My team and I are very experienced and knowledgeable in all matters of VA home loans.  You will not have to go through an endless phone tree or be transferred to someone in a cubical in another state, you speak directly to our team every time you call. VA guaranteed loans are made by lenders and guaranteed by the U.S. Department of...
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By Patricia Feager, MBA, CRS, GRI,MRP, Selling Homes Changing Lives
(DFW FINE PROPERTIES)
  ©by Patricia Feager 6/25/2016 Kiazen!  In previous posts Kaizen! Part II and  Kaizen! I provided insights about the Japanese philosophy of "continuing improvement of working principles." Today's post further illustrates how the application and development of lifelong learning gain competitive advantage through wisely and effectively measuring improvement of working principles and defining results.  The National Association of REALTORS® new Official Certification for Pricing Strategies: Mastering the CMA is now available in Texas. The eight hour CE was offered in my area on Thursday, 6/23/2016. I enrolled for the PSA Certification and found it to be extremely beneficial because it expands on Fannie Mae Guidance on choosing comparables and acknowledges roadblocks agents often experience...
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By Amanda Thomas, ​Broker, SRES®, BPOR, MCNE, ​Certified DRS Agent™
(Providence Group Realty)
Yesterday, the UK voted to break it off with the EU. After the results were announced, stocks around the world plummeted and the pound took a dive. Social media became flooded with "doom and gloom" narrative touting global recession, Armageddon, and the collapse of civilazation as we know it. WHAT HAPPENS NOW?Our phones have been ringing off the hook with inquiries about how this news will affect the local housing market.Every time we see a major world event, the same pattern emerges. While the global economy takes a step back, the negative impact on investors will redirect interests toward "save haven" vehicles. Those fleeing from risk will seek out gold, government bonds, and the greenback (specifically mortgage-backed securities), strengthening the US dollar against foreign currencie...
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By Tracy Lee Parker, Buy*Sell*Lease
(RE/MAX DFW Associates/PLATINUM PROPERTIES & MANAGEMENT)
3304 Erwin Drive is now for sale in Plano Texas RARE FIND in Plano ISD. NEW ROOF June 2016. 4 bedroom , 2 bath, 2 car rear entry garage in desired area. Large living, no popcorn vaulted ceiling & gas starter fireplace is the vocal point of this home. Galley kitchen has double ovens, 5 burner electric cooktop, nice countertops & lots of sturdy cabinets. Master bedroom has dual vanities, combo tub&shower & large walkin closet. Newer hot water heater, HVAC condensor & thermostat. Near Hwy 75 & 190. Near Bob Woodruff park. Carpet & home need cleaning.  Selling AS-IS. ONLY $199,900 WON'T LAST !! 
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By Bernadine Eberle, Home Sales in Collin County
(Keller Williams Realty - Texas)
Sunset at Memorial Park is set for Monday, May 30, 2016 at 7PM. Veterans Memorial In Memorial Park, 2101 Bay Hill Drive, Plano, TX. 42 flags.Representing Plano's fallen men and women of the armed services. Each name spoken in rememberance.   The ceremony recognizes our brave men and women from each division of the military.  If you are in town this Memorial Day weekend make this one of your stops.  Service. Dedication. Protection. Thank you.  “Our debt to the heroic men and valiant women in the service of our country can never be repaid. They have earned our undying gratitude, America will never forget their sacrifices. “ - President Harry S. Truman.  (From the Plano.gov newsletter) A Sunset Motorcycle Ride precedes the ceremony. Parking is available at Schimelpfenig Library and the Pla...
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By Amanda Thomas, ​Broker, SRES®, BPOR, MCNE, ​Certified DRS Agent™
(Providence Group Realty)
Construction, whether relating to a new build or remodeling, has its own vocabulary.  When your contractor or builder talks about rough work, don't take it to mean he's complaining about his job... "Rough In" or "Rough Out"Depending on your neck of the woods, the phrase "rough in" or "rough out" might be preferred.  Either term refers to the process of laying out the basic lines (electrical and plumbing) without making any of the final connections, or installing any fixtures or elements. Rough work is completed while the walls are still open and prior to drywall installation. Cables are pulled through studs and into boxes. Supply pipes and drain pipes are run through studs and under floors to their termination points for future sinks, tubs, etc... At this point, changes can be made if d...
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By Bernadine Eberle, Home Sales in Collin County
(Keller Williams Realty - Texas)
Homes for Sale in Timber Brook Estates, Plano, TX.The homes in Timber Brook Estates in Plano, TX, are located with Chaparral Road to the North, Jupiter Road to the West, Cloverhaven Way to the East, and Los Rios Boulevard to the South.  Timber Brook Estates in Plano, TX, is a community of homes near Oak Point Park and Nature Preserve. If you are a nature lover this is the community for you. Near boarding stables too! This community boasts a little bit country and a little bit city living so you have the best of both worlds.The homes in the subdivision are a mix of one to two story homes with larger back yards or garden homes with smaller back yards.   There are more than 750 homes in this community. The homes built are a part of three phases, Lakes of Timber Brook, Timber Brook Estates,...
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By Amanda Thomas, ​Broker, SRES®, BPOR, MCNE, ​Certified DRS Agent™
(Providence Group Realty)
Texas is rich in cultural diversity. While standard and intuitive pronounciation is often used, mispronouncing colloquial names is a dead give away that you aren't familiar with the local area.Want to blend in?Step 1: Don't listen to your GPS. It doesn't know how to speak Texan.Step 2: Read this list of commonly mispronounced names of Texas places, and practice!  Humble Suburb of North Houston -- Locals call it "um-bull" Mexia City in Texas -- Locals call it "muh-hay-uh" Tuam Street Street in Houston -- Locals call it "two-um" Manchaca Road Street in Austin -- Locals call it "man-shack" road Fuqua Street Street in Houston -- Locals call it "few-kway" Nacogdoches City in Texas -- Locals call it "nak-ah-doh-chuss" Kuykendahl Road Street in Houston -- Locals call it "kerr-kun-doll" Refugio...
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By Amanda Thomas, ​Broker, SRES®, BPOR, MCNE, ​Certified DRS Agent™
(Providence Group Realty)
How do you know when you are "making it" in real estate? Watch for these 10 sure signs of success:10. You spend more time in other people's houses than you do your own home.9. You never cook any more.8. You get calls for showings on "your listing" and you have to ask "which one".7. You are on a first-name basis with CSS reps.6. You can guess (with stunning accuracy) how long a vacant home has been on market by the quantity and height of the raccoon paw prints left on the siding of homes5.  You can correctly guess the combo code when showing instructions were wrong.4. You know when the house was built by the style of the front door.3. You recognize the builder by the interior finish out or floor plan.2. You've "gotta guy" you can refer clients to for just about need... even raccoon extra...
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By Sharon Parisi, Dallas Homes
(United Real Estate Dallas )
Four world class pianists combine their extraordinary talent Friday, April 29, at Piano Madness Too, sponsored by the Dallas Jazz Piano Society (DJPS).  Dane Haerle, Stefan Karlsson, Fredrick Sanders, and Dave Zoller will be joined by Jeff Echelson on bass and Steve Barnes on Drums. Piano Madness Too proceeds benefit the Keys for Kids Scholarship Program funded by Dallas Jazz Piano Society.  Electronic keyboards are loaned to students and an instructor is provided through DJPS.  Children five years through high school are referred by nonprofit organizations and local churches. I can't think of a better way to spend Friday evening.  Come and enjoy world class music and make a difference in the lives of young musicians! Piano Madness TooFriday, April 297:30 PMSteinway Hall in Plano5813 Pr...
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By Amanda Thomas, ​Broker, SRES®, BPOR, MCNE, ​Certified DRS Agent™
(Providence Group Realty)
In Texas, only specialty contractors (HVAC, fire sprinkler systems, plumbing, electricians and well drilling/pump installation specialists) need to be licensed. These licenses are administered through the Texas Department of Licensing and Regulation. As this time, trades such as home builders, general contractors, roofers, and foundation companies are not required to carry a state-level license or registration.  Depending on the municipality or County where the contract work is to be performed, local requirements can come into play. Aside from required permits, local ordinances may additionally require City registration, or membership to a voluntary association, such as the Roofing Contractors Association of Texas. Homeowners and Buyers share concerns about what constitutes as a "profes...
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By The Legacy Group, The LegacyGroup of CrossCountry Mortgage
(CrossCountry Mortgage)
Plano Texas Veterans Loans is the best loan program in Texas!   Designed for both active duty military and honorable discharged Veterans, VA MORTGAGE LOANS are one of the best mortgage loanPROGRAMS available today.   Here are some of the great features of this fantastic program:  - Up to 100% FINANCING, with no down required.  - No monthly MORTGAGE insurance.  - Easier credit qualifying compared to other types of MORTGAGE LOANS.- VA Mortgage Rates are low compared to other types of HOME LOANS.   So how do you qualify for Plano Texas Veterans Loans?  First of all, you must VERIFY YOUR eligibility. This is done by ordering your Certificate of Eligibility or COE. You can work with an approved Texas VA MORTGAGE LOAN  lendertoORDER your COE quickly, or you can contact the VA to obtain a copy...
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By Bob Baesmann, DFW Team Realty | 972-978-8800
( DFW Team Realty)
February 2016 Real Estate Market Summary for Plano, TX (MLS Area 20)   Month Year to Date   2016 2015 % Change 2016 2015 % Change Closed Sales (Reported) 238 242 1.7 435 456 4.8 Closed Sales (Projected) 238 272 14.2 435 486 11.7 Listings Under Contract 251 270 7.6 513 549 7.0 Average Sales Price $333,018 $338,342 1.6 $332,214 $332,740 0.2 Median Sales Price $272,013 $289,450 6.4 $268,000 $285,500 6.5 Percent of Original Price Received 98.6 98.2 -0.4 98.1 97.8 -0.4 Days on Market Until Sale 36 39 10.2 41 41 1.0 Inventory of Homes for Sale 380 388 2.1       Months Supply of Inventory 1.2 1.2 2.5       Reported houses sold this month was higher 1.7% compared to 2015, with 242 reported houses sold this month. Year to date the number of reported homes sold had a rise of 4.8% from last year,...
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