4 Bedroom 3 Baths High Utility Bills Excluded Mckinney- TX

New Listing For Sale Shiloh Ranch Mckinney, TX

7712 Dawson Creek Drive McKinney, TX 75071

$369,900

4 Bedroom, 2.5 Bath, Study, 2 Car Garage, 3,102 sq ft
MLS# 13275164

Upgrades Galore In This Gorgeous 4 Bed 2.5 Bath Energy Efficient Home. Iron and Glass Entry Door Spiral Staircase w Iron Balusters Living with Stone Fireplace Gas Logs Wood Floors Island Kitchen w Granite Upgraded Cabinets SS Appliances Gas Cook-top Above & Below Cabinet Lighting Covered Patio Large Utility Rm For Freezer Extra Storage space in Garage, Large Master w Garden Tub Dual Vanities Lots of Cabinets Game Room Media Room Brushed Nickels Finishes Throughout

 Call us Today 214-552-2091 For More Info

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 Looking to buy a home in McKinney TX or Shiloh Ranch?

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SHILOH RANCH HOMES FOR SALE

Mckinney TX Homes For Sale

www.RaymondEdler.com

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Call The #1 OFFICE IN DFW- Keller Williams Realty

Call us Today 214-552-2091

 

Serving North Dallas, Carrollton, Garland, Richardson, Plano, Allen, McKinney, Frisco, The Colony, Lewisville, Flower Mound, Little Elm and Prosper

 

Employment looking better for young adults looking to buy their first home!

Here Come the Millennials!!

 Thursday October 22nd, 2015  First Time Home Buyers, For Buyers, Millennials

Many have been wondering when the much anticipated move by Millennials’ into homeownership would actually take place. We know the belief in owning a home is there.

According to a recent Merrill Lynch study, eighty one percent of Millennials believe “homeownership is an important part of the American Dream”. This compares favorably to previous generations.

The obstacle seemed to be employment. It appears that is about to change.

The most recent jobs report disappointed many economists. However, the silver lining in that cloud of doubt was Millennials. Jonathan Smoke, realtor.com Chief Economist, reported:

“About 33% of civilian jobs created over the last 12 months have been for the young adults who are most likely to buy their first home. This should help support continued growth in the share of homes purchased by first time buyers, as economic success has been influencing older Millennials to jump into the housing market this year.”

Selma Hepp, chief economist at Trulia, concurred:

“The faster rate of job growth among Millennials will continue to bolster both the rental and for-sale housing markets for an extended period of time.”

It appears that Millennials will be entering the housing market in great numbers in the very near future.

www.RaymondEdler.com

Family Wealth Grows as Home Equity Builds

 Wednesday October 21st, 2015  For Buyers

With residential real estate values rising quite substantially in most parts of the country over the last few years, many homeowners are seeing a major increase in their family’s wealth as equity continues to build in their house.

A recent study by the Joint Center of Housing Studies at Harvard University revealed that home equity grew nicely last year and has grown dramatically over the last five years…

Buyers looking today may not see the same build-up in equity but could still do quite well.

Let’s assume you went into contract in the next six weeks and closed on a $250,000 home in January. If we take the house value projections from the last Home Price Expectation Survey, here is how your equity would grow over the next four years:

Bottom Line

Homeownership has historically been a great way for the average American family to build wealth over time.

Buying a Home Remains 35% Less Expensive than Renting!

In the latest Rent vs. Buy Report from Trulia, they explained that homeownership remains cheaper than renting with a traditional 30-year fixed rate mortgage throughout the 100 largest metro areas in the United States.

The updated numbers actually show that the range is from an average of 16% in Honolulu (HI), all the way to 55% in Sarasota (FL), and 35% Nationwide!

The other interesting findings in the report include:

• Interest rates have remained low and even though home prices have appreciated around the country, they haven’t greatly outpaced rental appreciation. “In the past year, these two trends have made homeownership even more affordable compared with renting.”
• Some markets might tip in favor of renting if home prices increase at a greater rate than rents and if – as most economists expect – mortgage rates rise, due to the strengthening economy.
• Nationally, rates would have to rise to 10.6% for renting to be cheaper than buying – and rates haven’t been that high since 1989.  

Bottom Line

Buying a home makes sense socially and financially. Rents are predicted to increase substantially in the next year, lock in your housing cost with a mortgage payment now.

Don't miss out on this Gorgeous Single Story in The Colony TX

New Listing For Sale The Legends The Colony, TX

5613 Westwood Lane The Colony, TX 75056

$225,000

4 Bedroom, 2 Bath, Study, 2 Car Garage, 1,930 sq ft

GORGEOUS SINGLE STORY 4 BEDROOM 2 BATH HOME, SPLIT BEDROOMS, BRIGHT OPEN FLOOR PLAN, BAMBOO FLOORS, FIREPLACE, LARGE KITCHEN OPEN TO DINING AND LIVING, GAS RANGE, GARDEN TUB WITH SEP SHOWER, CLOSE TO COMMUNITY POOL AND PARK, FRONT LIVING ROOM IS FLEX CAN BE STUDY OR DINING TOO, FRESH PAINT, NEW WATER HEATER, BEAUTIFULLY LANDSCAPED WITH GREAT DRIVE UP APPEAL

 Call us Today 214-552-2091 For More Info

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 Looking to buy a home in The Colony TX or The Legends?

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THE LEGENDS HOMES FOR SALE

The Colony TX Homes For Sale

www.RaymondEdler.com

#TheColonyTXHomesForSale #LegendsHomesForSale #TheColonyTXListingAgent 

@RaymondEdler #TheLegendsLisitngAgent #SellMyHome #TopListingAgent
#KellerWillamsTheColony #TheColonyRealtor

Call The #1 OFFICE IN DFW- Keller Williams Realty

Call us Today 214-552-2091

 

Serving North Dallas, Carrollton, Garland, Richardson, Plano, Allen, McKinney, Frisco, The Colony, Lewisville, Flower Mound, Little Elm and Prosper

 

Prices are up, time to Sell Your Home!

Sales Up In (Almost) Every Price Range!

 Tuesday October 6th, 2015  For Sellers, Pricing

The National Association of Realtors’ most recent Existing Home Sales Report revealed that home sales were up rather dramatically over last year in five of the six price ranges they measure.

Only those homes priced under $100,000 showed a decline (-7.7%). The decline in this price range points to the lower inventory of distressed properties available for sale and speaks to the strength of the market.

Every other category showed a minimum increase of at least 5.6%, with sales in the $250,000- $500,000 range up 16.9%!

Here is the breakdown:

What does that mean to you if you are selling?

Houses are definitely selling. If your house has been on the market for any length of time and has not yet sold, perhaps it is time to sit with your agent and see if it is priced appropriately to compete in today’s market.

Find out NOW What your home is Really Worth!

Click link below for free Comparative Market Analysis - CMA

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What if I wait a year to buy my home?

As a seller, you will be most concerned about ‘short term price’ – where home values are headed over the next six months. As either a first-time or repeat buyer, you must not be concerned only about price but also about the ‘long term cost’ of the home.

Let us explain.

There are many factors that influence the ‘cost’ of a home. Two of the major ones are the home’s appreciation over time, and the interest rate at which a buyer can borrow the funds necessary to purchase their home. The rate at which these two factors can change is often referred to as “The Cost of Waiting”.

What will happen over the next 12 months?

According to CoreLogic’s latest Home Price Index, prices are expected to rise by 4.7% by this time next year.

Additionally, Freddie Mac’s most recent Economic Commentary & Projections Tablepredicts that the 30-year fixed mortgage rate will appreciate to 4.7% in that same time.

What Does This Mean to a Buyer?

Here is a simple demonstration of what impact these projected changes would have on the mortgage payment of a home selling for approximately $250,000 today:

by The KCM Crew on September 29, 2015 in For Buyers, Interest Rates, Pricing

 Thinking of buying or selling in the next 12 months?  Call us, we'd love to help.  Selling your home can be overwhelming.  Our goal as your Listing Agent is to get you the most money possible in the shortest time possible with the least amount of hassles.  A little bit of planning in advance can help make the process painless and smooth.  CALL US TODAY for a in home consultation.  We will help you form a game-plan and timeline to help best suit your needs.

Call The #1 OFFICE IN DFW- Keller Williams Realty

Call us Today 214-552-2091

 

Top Listing agent Serving buyers and sellers in North Dallas, Carrollton, Garland, Richardson, Plano, Allen, McKinney, Frisco, The Colony, Lewisville, Flower Mound, Little Elm and Prosper

Thinking of Selling? 5 Reasons You Shouldn’t For Sale By Owner

In today's market, with homes selling quickly and prices rising some homeowners might consider trying to sell their home on their own, known in the industry as a For Sale by Owner (FSBO). There are several reasons this might not be a good idea for the vast majority of sellers.

Here are five reasons:

1. There Are Too Many People to Negotiate With

Here is a list of some of the people with whom you must be prepared to negotiate if you decide to For Sale By Owner:

• The buyer who wants the best deal possible
• The buyer’s agent who solely represents the best interest of the buyer
• The buyer’s attorney (in some parts of the country)
• The home inspection companies, which work for the buyer and will almost always find some problems with the house.
• The appraiser if there is a question of value

 2. Exposure to Prospective Purchasers

Recent studies have shown that 88% of buyers search online for a home. That is in comparison to only 21% looking at print newspaper ads. Most real estate agents have an internet strategy to promote the sale of your home. Do you?

3. Results Come from the Internet

Where do buyers find the home they actually purchased?

• 43% on the internet
• 9% from a yard sign
• 1% from newspaper

The days of selling your house by just putting up a sign and putting it in the paper are long gone. Having a strong internet strategy is crucial.

4. FSBOing has Become More and More Difficult

The paperwork involved in selling and buying a home has increased dramatically as industry disclosures and regulations have become mandatory. This is one of the reasons that the percentage of people FSBOing has dropped from 19% to 9% over the last 20+ years.

5. You Net More Money when Using an Agent

Many homeowners believe that they will save the real estate commission by selling on their own. Realize that the main reason buyers look at FSBOs is because they also believe they can save the real estate agent’s commission. The seller and buyer can’t both save the commission.

Studies have shown that the typical house sold by the homeowner sells for $208,000 while the typical house sold by an agent sells for $235,000. This doesn’t mean that an agent can get $27,000 more for your home as studies have shown that people are more likely to FSBO in markets with lower price points. However, it does show that selling on your own might not make sense.

Bottom Line

Before you decide to take on the challenges of selling your house on your own, sit with a real estate professional in your marketplace and see what they have to offer.

 Thinking of selling in the next 12 months?  Call us, we'd love to help.  Selling your home can be overwhelming.  Our goal as your Listing Agent is to get you the most money possible in the shortest time possible with the least amount of hassles.  A little bit of planning in advance can help make the process painless and smooth.  CALL US TODAY for a in home consultation.  We will help you form a game-plan and timeline to help best suit your needs.

www.RaymondEdler.com

Call The #1 OFFICE IN DFW- Keller Williams Realty

Call us Today 214-552-2091

 

Top Listing agent Serving buyers and sellers in North Dallas, Carrollton, Garland, Richardson, Plano, Allen, McKinney, Frisco, The Colony, Lewisville, Flower Mound, Little Elm and Prosper

Find out what your DFW Home Is Worth!

Buying A Home Is Better Way to Produce Wealth Than Renting

According to the latest Beracha, Hardin & Johnson Buy vs. Rent (BH&J) Indexhomeownership is a better way to produce greater wealth, on average, than renting.

The BH&J Index is a quarterly report that attempts to answer the question:

Is it better to rent or buy a home in today’s housing market?

The index examines that entire US housing market and then isolates 23 major markets for comparison. The researchers at use a “’horse race’ comparison between an individual that is buying a home and an individual that rents a similar quality home and reinvests all monies otherwise invested in homeownership.”

Ken Johnson, Real Estate Economist & Professor at Florida Atlantic University, and one of the index’s authors states: "The U.S. as a whole is still in clear buy territory. The cities of Cincinnati, Chicago, Cleveland, and New York City are deep into buy territory."

Miami and Portland had been inching closer toward renting being the better option but have "pulled back from the edge." Johnson goes on to say, “that's a good sign for home pricing as it suggests prices are going to level off in these metro areas."

Bottom Line

Buying a home makes sense socially and financially. Rents are predicted to increase substantially in the next year, so lock in your housing cost with a mortgage payment now

Start Your Home Search HERE

by The KCM Crew on September 22, 2015 in First Time Homebuyers, For Buyers

What is the real cost of waiting to buy a home?

The National Association of Realtors (NAR) recently released their July edition of the Housing Affordability Index. The index measures whether or not a typical family earns enough income to qualify for a mortgage loan on a typical home at the national level based on the most recent price and income data.

NAR looks at the monthly mortgage payment (principal & interest) which is determined by the median sales price and mortgage interest rate at the time. With that information, NAR calculates the income necessary for a family to qualify for that mortgage amount (based on a 25% qualifying ratio for monthly housing expense to gross monthly income and a 20% down payment).

Here is a graph of the income needed to buy a median priced home in the country over the last several years:

And the income requirement has accelerated even more dramatically this year as prices have risen:

Bottom Line

Some buyers may be waiting to save up a larger down payment. Others may be waiting for a promotion and more money. Just realize that, while you are waiting, the requirements are also changing.