Frisco Home Center Real Estate Blog

As you know, there are a lot of decisions to make when you’re moving.  Once you have determined the right city, the right community, the right builder, the right home, and the right it’s time to secure the right financing.  When you decide to buy a home, it is very likely that the builder will have some form of partnership with a lender.  There are a number of reasons that builders have done this.

Their primary reason is to control the quality of the transaction and to ensure that you close when you are supposed to close.  I certainly cannot blame the builders, because many “lenders” are incompetent and they fail to meet crucial deadlines.  There has been a great demand for loan originators and many rookies have rushed to fill the void.  This level

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HOW TO LEVEL THE “BUYER VS BUILDER” PLAYING FIELD

 

After years in the Real Estate business as an owner and broker, I have spent many hours looking for the best way to educate people before they enter a model (new) home.  I have seen far too many people be taken advantage of.  Please read the following and see what you can learn from “Tom and Cindy’s” experience.

Most buyers are operating on a very uneven playing field.  Think about it for a minute…the sales rep for the builder may sell 15-20 homes per month.  But, this may be your 1st, 2nd, or 3rd home.  That means you are vulnerable when compared to the builder’s rep.  Great sales reps are excellent at maximizing their employer’s (builder) profit centers, often to your disadvantage as a new

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In Texas, the choice of a title company is freely negotiated between the buyer and the seller. In the past, the seller has traditionally paid for the title policy, due primarily to the seller’s contractual obligation to pass good title to the purchaser.  However, with the market moving to a 'Seller's Market' we are seeing more Buyer's offering to pay for this policy since this enhances the strength of the offer in competing offer situations.

It makes sense therefore, that the party paying for the policy should be able to choose the provider. However, since the buyer will be the beneficiary of the title policy even when the seller pays, they have every reason to demand that the title insurance be closed and backed by a company they feel is reputable and

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By: Carl Vogel

Published: August 5, 2010

Before you put your home up for sale, use the right comparable sales to find the perfect price.

Knowing how much homes similar to yours, called comparable sales (or in real estate lingo, comps), sold for gives you the best idea of the current estimated value of your home. The trick is finding sales that closely match yours.

What makes a good comparable sale?

Your best comparable sale is the same model as your house in the same subdivision—and it closed escrow last week. If you can’t find that, here are other factors that count:

Location: The closer to your house the better, but don’t just use any comparable sale within a mile radius. A good comparable sale is a house in your neighborhood, your

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Frisco just keeps getting high marks.  Today, the Congressional Quarterly announced its ratings of safest cities in the US.  Frisco ranked 9th among 244 cities ranging in population between 100,000 and 499,000.  Just another reason so many are relocating here. 

Thanks Frisco PD for keeping us safe!

By Sammy Gardner
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By Sammy Gardner

 

It is important for buyer's and seller's in Texas to understand exactly who the real estate sales people in a transaction represent.  As required by law, your salesperson should explan to you what type of agency relationship you have with him or her as well as with the brokerage company he or she represents.  Below is a discussion of the various types of agency relationships.  However, you should keep in mind that we do not practice all of these types of relationships in Texas.

It’s important to understand what legal responsibilities your real estate salesperson has to you and to other parties in the transactions. Ask your salesperson to explain what type of agency relationship you have with him or her and with the

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By Sammy Gardner

 

Phillips Creek Ranch is a 950-acre masterplanned community in West Frisco.  The rolling terrain and character of the land is ideally suited to be developed as an upscale community that will include over one hundred acres of open spaces, lakes, an extensive creek system, spacious parks and eleven miles of hike and bike trails.  Currently in the early construction stages, Phase I is scheduled to open late in 2012 with presales currently under way.  Phillips Creek Ranch will eventually have more than 3,700 homes at completion and over 12,000 residents.  The first subdivision within Phillips Creek Ranch will be called Sheridan and will include 547 homes with a price range of $300,000 to $1,000,000.

The Phillips Creek Ranch's Visitor

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