The Effect of Rising Interest Rates

As the real estate market in Frisco, Texas continues to flourish, potential homebuyers must consider the impact of rising interest rates on their ability to qualify for a home mortgage.    So, how does this affect buyers looking to purchase a home in Frisco?

1. Increased Monthly Mortgage Payments: When interest rates rise, mortgage payments inevitably increase. Higher interest rates mean higher monthly payments, which can significantly impact a homebuyer's budget. For Frisco residents, this means they may need to adjust their expectations when searching for a home or consider more affordable areas in order to find a property that suits their financial capabilities.

2. Reduced Purchasing Power: Rising interest rates can also decrease a homebuyer's…

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Frisco Home Prices May Be Coming Down

It appears that we may finally be seeing a bit of stabilization in the market.  The inventory of homes for sale in Frisco took a nosedive in January of 2020, causing prices to sky-rocket.  But, it appears that we are finally seeing prices drop a bit.  Homes are still going very quickly, with most homes going under contract within the first week they hit the market.  

If you are hoping to sell your Frisco home, now is a great time!  You can still get top dollar.  We are happy to offer you a free home valuation to let you approximately what you can expect to sell for.  Give us a call.  844-371-5999.

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Frisco City Council to Keep Property Tax Rate Unchanged

Frisco's 2019 Budget and Tax Rate Adopted

On Tuesday, the Frisco City Council voted to keep property tax rates unchanged.  However, escalating property values may still mean homeowners will be faced with higher tax bills.  But, there is more good news.  In June, the city council also announce they were increasing the homestead exemption for property owners to 10% of the assessed value.  Read more about property taxes and compare local taxes here.

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1640 McGee Lane, Carrollton, TX 75010 - UNDER CONTRACT!

New Home with a Pool in Carrollton, TX (Coyote Ridge Subdivision)

I am sure you are familiar with Alabama's lyrics..."If you're gonna play in Texas, you gotta have a fiddle in the band..."  Okay, you are ready for that new home, but it could be said..."If you're gonna live in Texas, you gotta have a pool in the back..."  Because, it looks like that may be the only way you are gonna survive in the summer heat...  Well, we have the perfect solution for you.  This super cute single-story custom home has everything you need.

 (Click Here for all the MLS Info)

This single-story home, has three bedrooms and two and a half baths along with a 3-car garage...  Really, can it get any better?   The floor plan is super…

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2608 Valley Creek Trail - Golf Course Home for Sale in McKinney, TX

New listing in Sunset Ridge subdivision backing to the Eldorado Country Club Golf Course

If you love golf, or even just love a home with a golf course view, you are going to love this new listing in Sunset Ridge.  Backing to the Eldorado Country Club golf course, this home is positioned with a beautiful view of the #2 green.  In fact, you could easily practice your chipping from your own backyard; just be sure to avoid the water surrounding the hole and the two large bunkers. 

The mature trees and gorgeous landscaping make this house feel like a private oasis.  You really must experience it.  But, don't dilly dally.  This one won't last long.

Oh yeah....and the house...

This single-story home, has four bedrooms and two baths along with a…

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Now you can get something notarized from any location... Legal in all 50 States

Notarizing has gone digital.

Check out this new app.  Since our job is to make things easier for our clients, this needs to be in the arsenal of all of our Realtors.  

We might need to try this out the next time a T-47 Survey Affidavit needs to be signed.  

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What is Title Insurance? Is it all the same?

Okay, so you have found your dream home.  The sellers have accepted your offer.  If you are like most people, this will be one of the single most important and expensive purchases you will ever make.  So, you need to ensure that your greatest asset is completely protected.  Let's discuss how to do just that.

• What is Title?

Title is the legal evidence of your right to own and possess the land.  Since there is always a chance that someone other than the seller has a prior legal right to the property you are buying, title insurance offers you protection, which gives you a peace of mind about your purchase.  There are a number of prior issues or "defects" that can go undisclosed even after a careful "title search" of public records.  Sometimes…

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The Gate

An overseas investment group (IGO) has announced plans for the company’s first development project in the State of Texas. Frisco, Texas will be home to The Gate, a mixed-use luxury development to be located on nearly 41 acres at the northwest corner of the Dallas. They are currently in the master planning process.  Ultimately, this project could bring 800,000 square feet of office space, 100,000 square feet of retail space, a 90-room hotel room, park, apartments and two, 10-story luxury condo towers to Frisco near the new site for the Dallas Cowboys headquarters and practice facility.  Watch this cool video.  

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Census: Frisco, Texas was the second fastest growing city in the Nation between 2012-2013

According to JESSE J. HOLLAND of the Associated Press,  It is true that "we do grow everything bigger in Texas," even the cities.

New data from the Census Bureau shows that Frisco, Texas was the second fastest growing city in the nation beween 2012 and 2013.  San Marcos, Texas was number one and Cedar Park, Texas was number 4.   Perhaps Governor Perry's "Wide Open For Business" campaign, is really making an impact...  Or perhaps, folks are simply intrigued by all this great town has to offer.  

If you haven't visited yourself, we would love to host you and take you on a discovery tour to find out just what makes this little city so attractive.

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Navigating Appraisals

Answers to Your Questions Regarding Appraisals

As a listing agent, one of my primary obligations to a seller is to do everything within my ability to assist them in getting the proper value for their home.  Unfortunately, there are times when appraisers may not know a particular market well.  While this is not the norm, it does happen.  We make it a habit to communicate with the appraiser and to provide them data with respect to the comparable sales we used in pricing the home.  We will also ask the seller for a list of all upgrades, etc to evidence the details regarding the home.  When possible, we will deliver this information to the appraiser in person to establish a good report with him or her.  Below are a few frequently asked questions regarding…

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