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Plano, TX Real Estate News

By Amanda Thomas, ​Broker, SRES®, BPOR, MCNE, ​Certified DRS Agent™
(Providence Group Realty)
One man's trash is another man's treasure. Are you guilty of discounting the pearls on your doorstep? The creative inspiration and connection to business resources you need to get to the next level may be closer than you think. Here are three underestimated sources of input that a simple shift in mindset can reveal. Junk Mail -- From postcards to ValPak, junk mail can teach you about: businesses in your local community -- These become referral resources and talking points for local market expertise. Blog about that new restaurant that just opened. Visit the Mom & Pop hardware store and promote them on social media. Find missing trades to name on your referral list for specialty services. This information and social sizzle is mutually beneficial. marketing services other small businesses...
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By Amanda Thomas, ​Broker, SRES®, BPOR, MCNE, ​Certified DRS Agent™
(Providence Group Realty)
As a general rule, real estate as an industry is low-tech. And while our landscape is changing (particularly with the emergence of artificial intelligence), there are basic IT skills a majority of agents have yet to embrace as part of their daily practice. While most features in this category address specific apps or services, the tips that follow below focus on generalized best practices and mindset. Here, we will take a page out of the programmer's guide to the galaxy, and share "life skills" that can help you succeed in real estate, and save your sanity along the way.  Leave yourself a trail of breadcrumbs. -- No matter what industry you are in, one of the best habits you can develop to help yourself is to document process and procedure. Depending on memory is a recipe for disaster. ...
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By Amanda Thomas, ​Broker, SRES®, BPOR, MCNE, ​Certified DRS Agent™
(Providence Group Realty)
Special lending programs are available to buyers who seek affordable housing solutions. From Down Payment Assistance programs (grants) to No/Low Down Payment programs offered by both mortgage companies and banks, getting connected with the right lender can open new doors for Buyers who seek to achieve the American Dream of homeownership.But the lending piece is only part of the puzzle. Loan approval is a 2 part process. The buyer must qualify AND the property must qualify. Property eligibility is often linked to geography, where designated areas (low-to-moderate income census tracts) are incentivized, dating back to the 1977 Community Reinvestment Act (CRA) initiative.In rural counties, identifying geographic boundaries of eligibility is an easier task than in metropolitan areas,  where...
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By Amanda Thomas, ​Broker, SRES®, BPOR, MCNE, ​Certified DRS Agent™
(Providence Group Realty)
As part of our minimalist Christmas this year, we ditched the gift wrap and opted to follow the gift sack tradition. What are Santa Gift Sacks? They are large, reusable fabric drawstring gift sacks, and can be made out of a pillowcase, laundry bag, or sized to suit custom dimensions from a fabric of choice.  This Australian Christmas tradition (also used in other parts of the world) was created to solve for households that didn’t have a Christmas tree. Children would leave their pillowcases at the end of their bed so Santa would know where to leave the gifts on Christmas Eve. The biggest benefit behind the idea is that there’s no wrapping of gifts. Everything for the recipient goes right into the bag.Screen printed Santa Sacks are sold commercially, and consumers can find these both onl...
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By Amanda Thomas, ​Broker, SRES®, BPOR, MCNE, ​Certified DRS Agent™
(Providence Group Realty)
 Looking for something fun to do? Craving a new holiday experience?Our amazing team has pulled together their list of favorite Seasonal activities in various areas around the Dallas / Fort Worth Metroplex. Check it out, and if you attend one of the suggested venues featured in our list, please come back and comment to share how it went!  Angel Tree Donation Area Location Salvation Army Address Dallas 8787 N Stemmons Fwy, Dallas, TX 75247 Dallas 5554 Harry Hines Blvd, Dallas, TX 75235 Farmers Branch 12895 Josey Ln, Farmers Branch, TX 75234 Garland 435 S 5th St, Garland, TX 75040 Denton 2801 N Elm St, Denton, TX 76201 Arlington 1301 E Abram St, Arlington, TX 76010 Sherman 426 W Houston St, Sherman, TX 75090   Date and Time: Venue: Date: November 6th 2018- January 14th 2019 Time: Check web...
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By The Legacy Group, The LegacyGroup of CrossCountry Mortgage
(CrossCountry Mortgage)
Special Government Home Renovation Loan Program using Willow Bend TX FHA 203k Rehab Loans.Many people are not aware of a special government loan program that is part of the Federal Housing Administration or FHA(a department within HUD). A buyer or existing home owner can do meaningful amounts of remodeling or updates to their existing home without having a higher cost second lien thanks to this special FHA loan program.However, this loan program doesn't allow for "luxury items" in your home such as a swimming pool, hot tub, or other accessories. Although, you can repaint, replace flooring and appliances, add a room to an existing structure (which can add to value tremendously as you increase the square feet of your home) as well as remodel cabinetry in kitchens and bathrooms.This loan p...
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By Amanda Thomas, ​Broker, SRES®, BPOR, MCNE, ​Certified DRS Agent™
(Providence Group Realty)
Looking for something fun to do? Craving a new dining experience? Our amazing team has pulled together their list of favorite fall activities and restaurants offering Seasonal Fall, Thanksgiving, and pre-Christmas holiday activities in various areas around the Dallas / Fort Worth Metroplex. Check it out, and if you attend one of the suggested venues featured in our list, please come back and comment to share how it went!  Date and Time: Venue: Date(s): September 15th-November 21st Time: 8:00am-9:00pm What: Preston Trail Farms: Dallas Pumpkin Patch Location:15102 TX-289, Gunter, TX 75058 The Big Orange Pumpkin Farm at Preston Trail Farms provides visitors with a chance to experience blossoming small green pumpkins right on the vine, hay rides, a 6-foot hay maze, a farm train, and a petti...
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By Amanda Thomas, ​Broker, SRES®, BPOR, MCNE, ​Certified DRS Agent™
(Providence Group Realty)
Social media can be a tempting resource for licensees who seek immediate gratification for questions or problem-solving. Reliance upon Facebook groups is growing. Not so long ago, posting anything online even remotely related to a transaction was taboo, and with good reason. Public discussion of any details (past or present) was considered a violation of fiduciary duties -- even when names and addresses were never mentioned, as an agent's identity alone could provide context clues sufficient to inappropriately link back to transaction information.Social media has opened up a can of worms in that respect. Closed online groups allow for industry pillow talk behind the veiled curtains of protective settings. The daily stream of "questions and answers" posted online is justified and categor...
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By The Legacy Group, The LegacyGroup of CrossCountry Mortgage
(CrossCountry Mortgage)
Special Government Home Renovation Loan Program using Plano TX FHA 203k Renovation Loans.Many people are not aware of a special government loan program that is part of the Federal Housing Administration or FHA(a department within HUD). A buyer or existing home owner can do meaningful amounts of remodeling or updates to their existing home without having a higher cost second lien thanks to this special FHA loan program.However, this loan program doesn't allow for "luxury items" in your home such as a swimming pool, hot tub, or other accessories. Although, you can repaint, replace flooring and appliances, add a room to an existing structure (which can add to value tremendously as you increase the square feet of your home) as well as remodel cabinetry in kitchens and bathrooms.This loan pr...
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By The Legacy Group, The LegacyGroup of CrossCountry Mortgage
(CrossCountry Mortgage)
Being a Plano TX First Time Homebuyer makes you have to consider your options before you buy. The first thing you will need to consider is what your long-term goals are with being a home owner  and how your goals fit in with that plan. One goal could be to stop paying rent that just increases after every lease you renewBuying your own home first is one of the happiest times of your life! However, a lot of paperwork and time goes into it and finding a lender with great reviews will ease much of the stress. But, the satisfaction you get from your first home closing is something you will never forget! The benefits of being a Nacogdoches TX First Time Homebuyer greatly outweighs renting for the following reasons:          Greater privacy.          Homes typically increase in value the older...
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By Amanda Thomas, ​Broker, SRES®, BPOR, MCNE, ​Certified DRS Agent™
(Providence Group Realty)
Tough love time, Folks.Hosting a successful open house isn't about simply opening a door and then holding your breath, hoping that prospective Buyers and Sellers will flock to you because you have a pretty face or a pulse.Open houses require planning, promotion, and engagement to generate meaningful activity."I tried open houses and they didn't work for me or my Seller."Did You: Coach the Seller on Open House make-ready & presentation? Plan additional staffing (buddy agent or vendor partner)? Publish the open house in the MLS listing at least 1 week ahead of the open house date? Check to make sure the published Open House date and time were correctly posted? Check to make sure the Open House details were syndicating on real estate websites? Advertise the Open House on Social Media (Face...
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By Susie Kay, North Dallas Specialist
(Ultra Real Estate Dallas Fort Worth)
Plano was named the 3rd 'Best Place to Live in America by Money Magazine.It offers an affluent and yet affordable living. It has low taxes, housing prices and unemployment compared to most metros in the U.S. The city offers many amenities which enhance the lives of residents and visitors by offering outstanding parks, trails and facilities, a variety of enriching programs, special events and activities that contribute to the health, well-being and quality of life within the city. The Plano Independent School District is nationally regarded and provides an education comparable in quality to many top private schools.  Schools Three school districts serve residents in Plano: Frisco Independent School District5515 Ohio DriveFrisco, TX 75034Ph: 469-633-6000 Lewisville Independent School Dist...
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By Amanda Thomas, ​Broker, SRES®, BPOR, MCNE, ​Certified DRS Agent™
(Providence Group Realty)
In sales, the name of the game is volume. When you're starting out, it's difficult to say no to anyone; however, experience teaches us the opportunity cost of working with folks that suck our time, energy and resources away from productive activity. Here are five types of customers to decline. It is a mistake to… try to help someone who thinks they are doing you a favor by hiring you. They will take you for granted, lack appreciation for your knowledge, and treat your relationship as disposable. The worst part is that they will mess around and make you a spectator to poor results, by either being slow to implement or failing to follow your professional advice altogether -- up until the point they replace you, attributing credit for your original ideas to either themselves or your replac...
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By The Legacy Group, The LegacyGroup of CrossCountry Mortgage
(CrossCountry Mortgage)
 If you are looking to purchase a home or refinance using your Plano, TX  VA Loan benefits, the rate you can obtain is a huge factor in determining which lender you choose as well as what your payment will be.  The market can be volatile, and VA Home Loan Rates in Plano Texas can change daily, and can even fluctuate during the course of a day.  So why does this happen, and what determines the interest rates you can get?  All mortgages are backed by bonds, securities that are traded on the open market like stocks. Mortgage bonds are what back mortgages, including Plano, TX VA Loans. Mortgage bonds are also called mortgage backed securities.  Mortgage backed securities are just like the stock market in that they can go up or down during the course of a day, therefore influencing all mortg...
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By The Legacy Group, The LegacyGroup of CrossCountry Mortgage
(CrossCountry Mortgage)
Find out about today's USDA Mortgage Rates in Plano, TX - Your path to 100% mortgage loan financing.  The USDA Rural Guaranty home loan program in Plano, TX and the surrounding areas remains one of the best financing options available today. Combine 100% home loan financing with low monthly mortgage insurance, and you will be ensured a low payment on your new Texas home purchase.  Check USDA Mortgage Rates Lytle, TX Here  Here are the highlights of the USDA Rural Housing program:  - Your home must be located in a small town or rural area. Input your home's address at the USDA website, which will verify if you are in an eligible area: http://eligibility.sc.egov.usda.gov/eligibility/welcomeAction.do?pageAction=sfp&NavKey=property%4011   - 100% financing is still available.  No down paymen...
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By Amanda Thomas, ​Broker, SRES®, BPOR, MCNE, ​Certified DRS Agent™
(Providence Group Realty)
On April 9, 2018, NAR debuted their new brand vision for the Realtor® logo, slated for implementation in June of 2018 and industry adoption by December 2019.  Per NAR's press release, the new brand maintains the core attributes of the 1973 iconic logo, but has "evolved" to incorporate a "contemporary 3-D cube" which is supposed to be representative of "NAR and REALTORS® as multi-dimensional, dynamic, active, and future-focused. In addition, this new dimension signifies that the association is a caring, human organization and brand." The change has caused a stir on social media in the membership body. Many feel the redesign is a miss on multiple levels, criticizing the organization's failure to secure NAR's membership buy-in during the change process. And while NAR states extensive resea...
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By Susie Kay, North Dallas Specialist
(Ultra Real Estate Dallas Fort Worth)
 Plano was named the 3rd 'Best Place to Live in America by Money Magazine. It offers an affluent and yet affordable living. It has low taxes, housing prices and unemployment compared to most metros in the U.S. The city offers many amenities which enhance the lives of residents and visitors by offering outstanding parks, trails and facilities, a variety of enriching programs, special events and activities that contribute to the health, well-being and quality of life within the city. The Plano Independent School District is nationally regarded and provides an education comparable in quality to many top private schools.  Schools Three school districts serve residents in Plano: Frisco Independent School District5515 Ohio DriveFrisco, TX 75034Ph: 469-633-6000 Lewisville Independent School Di...
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By Sharon Mistowski, Horizon Lending Services, LLC
(Horizon Lending Services, LLC)
Purchasing your first home can be super exciting, but once you begin getting into the legal side of things, you may find yourself getting discouraged because there is simply so much information out there. This guide will help you narrow it down so you can focus on what really matters to first-time homebuyers like yourself. As a first-time homebuyer, there are five primary types of loans available to you. FHA LoansAn FHA loan is a loan backed by the Federal Housing Administration. As a government-backed loan, lenders are more likely to approve you because, in the case that you default, the FHA will pay them on your behalf. This is great for getting approved in the case that you don't have good credit. Additionally, you can purchase a home with as little as 3.5% down through an FHA loan, ...
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By Amanda Thomas, ​Broker, SRES®, BPOR, MCNE, ​Certified DRS Agent™
(Providence Group Realty)
In honor of Saint Patrick's Day this year, we are taking time to reflect on one of our favorite Irish Proverbs: "The longest road out is the shortest road home."The meaning of the phrase is that it is better to do something right the first time, even if it seems like a more difficult path to engage up front. (Think back to the fairy tales of childhood, and recall the sage advice about the danger in taking shortcuts.)The Roman philosopher, Seneca, defined luck as "what happens when preparation meets opportunity."Doing things the right way isn't always popular or sexy, especially when the "time equals money" mantras resound amidst late-night get-rich-quick schemes and a daily barrage of "hacks" parading across media channels.But the right thing to do is always the right thing to do. Nothi...
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By Sharon Mistowski, Horizon Lending Services, LLC
(Horizon Lending Services, LLC)
Here are the things you need to reconsider when looking at your policy.Do you own a home? If so, homeowner's insurance could be a real lifesaver in the event of an accident or disaster that involves your home. With standard homeowner's insurance, you are afforded many protections. First and foremost, your homeowner's insurance will help protect your home itself and the belongings within it in the event of a destructive event, like a flood or fire. Fortunately, homeowner's insurance is usually a package policy. This means that, in addition to protecting your home's structure and belongings in the event of one of these disasters, it will also encompass the property and people who were damaged or liable for the event.This can mean protection for your family members and even household pets....
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