After the Contract is Executed – Inspections

After a contract to sell a home is executed, the buyer will have a set number of days to complete inspections.  During this period the seller and buyer will have the opportunity to negotiate what repairs will be completed by the seller prior to the close date.  Seller’s often times believe that they are capable of doing these repairs.  The truth of the matter is, the seller should not do these repairs unless they are licensed to do the repair.  The repair is supposed to be warranted and have receipts that can be given to the buyer at closing. Unless the seller wants to come back multiple times to complete the repair, it is wise to hire a professional.

If you are a seller and are preparing for a buyer inspection, check out this page:

Preparing for Your Home Inspection

 

Is the Housing Market in North Dallas Hot or What? Check out Prestwyck in McKinney!

As Real Estate agents in the North Dallas area we are asked daily, “How’s the market?”  This morning I woke up to an incredible news story on NBCDFW.  In McKinney, Texas, about 30 miles north of Dallas, approximately a dozen families camped out over night to be the first families to purchase lots where they hope to build their future homes in a community named Prestwyck.  This is truthfully an unknown phenomena in North Dallas.  The developer expects the lots to sell out in 24 hours.

We moved to Texas, January 1, 2006.  We can not remember a time where the housing market was this hot.  We left the crazy Southern California housing market at the end of 2005  in search of  a better education for our kids (at the time ages 3 and 7), more affordable housing, more integrated communities and a well-educated workforce.  These same factors are drawing people from all over the nation to move to Dallas and the surrounding communities.  As almost 10 year Texans, we understand the reasons people relocate and the common factor is “a better life for me and my family.”

Prestwyck is located on the South Side of 380 near Coit Road.  The community is zoned for  Prosper Schools.  It is located between the North Dallas Tollway and 75.   If you want to build in this community, you better head out there today or you may miss the opportunity.  If you need help with anything real estate, give us a call.

Check out the News Story from
NBCDFW in this link:

http://www.nbcdfw.com/news/local/Home-Buyers-Camp-Out-For-First-Dibs-on-Lots-329872331.html

August 2015 – The North Dallas Housing Market Statistics Are In

Come See Us at this Fabulous Open House Saturday, August 29 – 2:00-4:00

Just Listed – 2455 Dillon Drive, Frisco, Texas $625,000 – MLS #13217559

Beautiful 5 Bedroom, 4 Bath, 4,464 Square Feet,  Murphy Custom Home Located on a Quiet Street in the Trails of West Frisco.Grand Entry with Hands Scrapped Wood Floors, Elegant Staircase, Custom Wood Trim, Iron Door & More. This Home Features a Private Study, Well Designed Kitchen, Private Master Retreat, Second Bedroom Down. The Second Floor Features a Game Room with Wood Ceiling, Decked Out Media Room, 3 Additional Bedrooms & 2 Bath Rooms. The finishes in this home are exquisite. Private, Pool Size Backyard.  Excellent Schools!

Listed at $625,000

Listed by Mandy Detrick, North Dallas Real Estate Team of Keller Williams Frisco Stars, 0571110

Each office is independently owned and operated

July 2015 – Real Estate Market Statistics for DFW

Thank you to my friend Janeil Lester with Old Republic Title.  She sent out the following market statistics today and said we could share them with you.  DFW is a HOT Housing Market!

Open House in Frisco – This Saturday, July 18, 2015 – 12:00-3:00

Frisco Open House – July 18, 2015 12:00-3:00

4th of July Celbrations

2015 4th of July Celbrations

Compliments Contessa Corkern of Republic Title Frisco Office

North Dallas Area Pre-4th of July Celebrations

Are You Ready to Purchase a House in the North Dallas Area? This is What You Need To Know

My husband, Mark and I have been selling real estate in Frisco,Texas and the surrounding area since 2007.  We have watched the market fall in the recession, and now rise to a level that has not been seen in North Texas.  Many buyers do not understand the market as it is today.  Buyers need agents who know the market well and can guide them through the process.

Here is our tips to buyers as they enter the HOT North Dallas Market:

1.  Get Conditionally Approved by a Local Lender.  I can not stress this enough.   Local lenders know the market well and can typically close transactions faster and with less issues than the big banks.

2.  Be prepared to offer above the listing price.  The average listing price to sales price in the Frisco area is currently at 100% of list.  You should consider saving extra cash in the bank because if the home doesn’t appraise for the sales price, you will most likely be asked to pay the cash difference between the appraisal price and the list price.

3.  Put your best offer in to start and know you are most likely bidding against other eager buyers.

4.  Be prepared to lose a few homes you really like before you win.  Many buyers are finding the market tighter than the news is telling them and get discouraged when they don’t win the bid.  Remember it is not personal, the other offer may fit the seller’s needs better.

5.  Make sure you are working with an experience agent that knows the market and ways to make you shine as a buyer.

If you have questions regarding these tips and more call

Mark and Mandy Detrick of Keller Williams Frisco at 214.608.3278.