Real Estate Market Report for Addison, Texas: February 2020 Residential Real Estate For Sale in Addison TexasThe total number of currently available residential properties for sale in Addison, Texas is 26, and last month there were 30.  Of the 26, 22 are pre-owned and 4 are new construction. Currently for sale, there are: 9 single family homes (ranging in price from $299,000 - $1,150,000) No half-duplexes 9 condos ($180,000 – $549,900) 8 townhomes ($338,995 - $499,900) Sixteen of the 26 available homes have been on the market for longer than 30 days.  Homes are taking longer to sell as the market continues to correct.The average number of days on the market for the “active” status, pre-owned homes is 49 days as compared to 51 last month). The median number of days on the market is 39 da... 03/06/2020

Special Government Home Renovation Loan Program using FHA 203k Rehab Loans in Addison Texas.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 loa... 02/27/2020

The benefits of a preapproval (not prequalification) for Addison TX Home Loans. Many consumers are not informed on the proper way for buying a home. No question, this is a big decision, and one that can be either immensely stressful- or immensely enjoyable- depending on how you go about the home buying process of Addison TX Home Loans and the surrounding areas. The key is to take the proper steps to educate yourself on your buying power, initial investment, and taking some time to think about your lifestyle choices. This article will cover all of these.   Education    The steps necessary to purchasing a home in Addison, Texas starts with getting pre-approved for your home loan. Notice we did not say get prequalified- in today’s world a prequalification is not meaningful. You should choo... 02/24/2020

There are many benefits to a VA home loan. It’s important to know how these loans can help you. First, thank you for your service to our country. According to the Mortgage reports, VA loans stand apart for its combination of low rates, lenient underwriting, and secondary benefits. These are 10 VA loan benefits in Addison TX in 2019. These are:        No down payment on a VA loan        No mortgage insurance        VA loans have a government guarantee        Your ability to shop and compare VA loans        VA loans don’t allow a prepayment penalty        They come in many varieties        It’s easier to qualify for a VA loan        VA loan closing costs are lower        The VA loan offers funding fee flexibility    VA loans are assumable Backed by the U.S. Department of Veterans Affairs,... 02/10/2020

Real Estate Market Report for Addison, Texas: January 2020Residential Real Estate For Sale in Addison TexasThe total number of currently available residential properties for sale in Addison, Texas is 30, and last month there were 34. Of the 30, 19 are pre-owned and 11 are new construction. Currently for sale, there are: 8 single family homes (ranging in price from $302,000 - $1,150,000) No half-duplexes 14 condos ($159,000 – $549,900) 8 townhomes ($349,000 - $499,900) Fifteen of the 30 available homes have been on the market for longer than 30 days. Homes are taking longer to sell as the market continues to correct.The average number of days on the market for the “active” status, pre-owned homes is 51 days as compared to 82 last month). The median number of days on the market is 15 days... 02/01/2020

Bobcats, coyotes, and critters! Oh my!     Addison's Mayor, Joe Chow, addressed the issues of coyotes at the monthly Mayor's Coffee yesterday. He told us that according to the State of Texas, it doesn't do any good to try to relocate them. We need to have a live-and-let-live philosophy with them. And don't feed them! I hope that's the last I see of Wile E. Coyote. Beep! Beep!   01/09/2020

Real Estate Market Report for Addison, Texas: December 2019Residential Real Estate For Sale in Addison TexasThe total number of currently available residential properties for sale in Addison, Texas is 34, and last month there were 32. Currently for sale, there are: 11 single family homes (ranging in price from $294,900 - $1,400,000) No half-duplexes 19 condos ($125,000 – $549,900) 4 townhomes ($341,900 - $499,900) Twenty seven of the 34 available homes have been on the market for longer than 30 days. Homes are taking longer to sell as the market continues to correct.The average number of days on the market for the “active” status, pre-owned homes is 82 days as compared to 74 last month). The median number of days on the market is 63 days, compared to last month’s 67 days. New listings i... 01/01/2020

Being a Addison Texas 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 renew.Buying 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 Addison Texas First Time Homebuyer greatly outweighs renting for the following reasons:          Greater privacy.          Homes typically increase in value the o... 12/28/2019

The benefits of a preapproval (not prequalification) for Addison Texas Home Loans. Many consumers are not informed on the proper way for buying a home. No question, this is a big decision, and one that can be either immensely stressful- or immensely enjoyable- depending on how you go about the home buying process of Addison Texas Home Loans and the surrounding areas. The key is to take the proper steps to educate yourself on your buying power, initial investment, and taking some time to think about your lifestyle choices. This article will cover all of these.   Education   The steps necessary to purchasing a home in Addison, Texas starts with getting pre-approved for your home loan. Notice we did not say get prequalified- in today’s world a prequalification is not meaningful. You should... 12/11/2019

Real Estate Market Report for Addison, Texas: November 2019Residential Real Estate For Sale in Addison TexasThe total number of currently available residential properties for sale in Addison, Texas is 32, and last month there were 41. Inventory is decreasing! Currently for sale, there are: 9 single family homes (ranging in price from $295,000 - $1,400,000) No half-duplexes 17 condos ($125,000 – $469,000) 6 townhomes ($331,900 - $594,900) Twenty five of 32 xx available homes have been on the market for longer than 30 days. Homes are taking a little longer to sell as the market continues to correct.The average number of days on the market for the “active” status, pre-owned homes is 74 days as compared to 59 last month). The median number of days on the market is 67 days, compared to last ... 12/07/2019

Veterans now have access to a new VA renovation loan to refurbish or remodel their homes.  This loan program is available for new home purchases as well as for remodeling homes currently owned by the veteran.  It is estimated that over 50% of homes nationally are 40 years or older, and in the current housing market many homes are in need of updating, addressing deferred maintenance, or improving the energy efficiency of homes to lower utility costs.VA loan benefits include the following unique advantages:  a.  up to 100% financing, b.  no mortgage insurance, c.  up to $ 35,000 in renovation funds escrowed, d.  all renovations must be completed within 60 days of closing, e.  you can close on a purchase or refinance in the “as is” condition, f. you can borrow against the future value of t... 11/22/2019

Being a Addison 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 renew.Buying 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 Addison TX First Time Homebuyer greatly outweighs renting for the following reasons:          Greater privacy.          Homes typically increase in value the older t... 11/20/2019

The benefits of a preapproval (not prequalification) for Addison TX Home Loans. Many consumers are not informed on the proper way for buying a home. No question, this is a big decision, and one that can be either immensely stressful- or immensely enjoyable- depending on how you go about the home buying process of Addison TX Home Loans and the surrounding areas. The key is to take the proper steps to educate yourself on your buying power, initial investment, and taking some time to think about your lifestyle choices. This article will cover all of these.   Education   The steps necessary to purchasing a home in Addison, Texas starts with getting pre-approved for your home loan. Notice we did not say get prequalified- in today’s world a prequalification is not meaningful. You should choos... 11/04/2019

 Real Estate Market Report for Addison, Texas: October 2019Residential Real Estate For Sale in Addison TexasThe total number of currently available residential properties for sale in Addison, Texas is 41, and last month there were 34. Inventory is increasing! Currently for sale, there are: 13 single family homes (ranging in price from $300,000 - $1,400,000) No half-duplexes 15 condos ($158,000 – $469,000) 13 townhomes ($331,900 - $654,900) Twenty of the 41 available homes have been on the market for longer than 30 days. Homes are taking a little longer to sell as the market continues to correct.The average number of days on the market for the “active” status, pre-owned homes is 59 days as compared to 65 last month). The median number of days on the market is 46 days, compared to last mo... 11/02/2019

Real Estate Market Report for Addison, Texas: September 2019Residential Real Estate For Sale in Addison TexasThe total number of currently available residential properties for sale in Addison, Texas is 34, and last month there were 40. Inventory is decreasing again! Currently for sale, there are: 10 single family homes (ranging in price from $299,999 - $1,400,000) 1 half-duplex ($294,000) 16 condos ($165,000 – $465,000) 7 townhomes ($331,900 - $654,900) Twenty six of the 34 available homes have been on the market for longer than 30 days. Homes are taking a little longer to sell as the market continues to correct.The average number of days on the market for the “active” status, pre-owned homes is 65 days as compared to 58 last month). The median number of days on the market is 49 days, c... 10/02/2019

Special Government Home Renovation Loan Program using Addison Texas 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 l... 09/26/2019

Real Estate Market Report for Addison, Texas: August 2019Residential Real Estate For Sale in Addison TexasThe total number of currently available residential properties for sale in Addison, Texas is 40, and last month there were 27. Inventory is increasing! Currently for sale, there are: 14 single family homes (ranging in price from $305,000 - $2,499,999) 3 half-duplexes ($294,000 - $340,000) 16 condos ($161,900 – $475,000) 7 townhomes ($285,000 - $654,900) Twenty five of the 40 available homes have been on the market for longer than 30 days. Homes are taking a little longer to sell as the market continues to correct.The average number of days on the market for the “active” status, pre-owned homes is 58 days as compared to 66 last month). The median number of days on the market is 48 da... 09/01/2019

Real Estate Market Report for Addison, Texas: July 2019Residential Real Estate For Sale in Addison TexasThe total number of currently available residential properties for sale in Addison, Texas is 37, and last month there were 27. Inventory is still low! Currently for sale, there are: 14 single family homes (ranging in price from $280,000 - $2,499,999) 2 half-duplexes ($320,000 - $345,000) 13 condos ($165,000 – $399,900) 8 townhomes ($289,000 - $654,900) Thirty of the 37 available homes have been on the market for longer than 30 days. Homes are taking a little longer to sell as the market continues to correct.The average number of days on the market for the “active” status, pre-owned homes is 66 days as compared to 53 last month). The median number of days on the market is 47 days, comp... 08/01/2019

Real Estate Market Report for Addison, Texas: June 2019Residential Real Estate For Sale in Addison TexasThe total number of currently available residential properties for sale in Addison, Texas is 27, the same as last month. Inventory is still low! Currently for sale, there are: 13 single family homes (ranging in price from $282,500 - $2,499,999) 2 half-duplexes ($325,000 - $345,000) 9 condos ($174,000 – $409,000) 3 townhomes ($419,900 - $485,000) Seventeen of the 27 available homes have been on the market for longer than 30 days. Homes are taking a little longer to sell as the market continues to correct.The average number of days on the market for the “active” status, pre-owned homes is 53 days as compared to 54 last month). The median number of days on the market is 41 days, compared... 07/01/2019

Addison, Texas is a small but mighty town. Each July 3rd, we celebrate our nation's independence with a top rated fireworks show, Kaboom Town. This year, Kaboom Town ranks #2 on the list of fireworks displays, second only to the one in Washington D.C.Admission is free to Addison Circle Park, but space is limited. It is advisable to get there early. The park opens at 4:00 pm and the festivities begin at 5:00 pm. The fireworks are visible throughout the town, and many restaurant host watch parties.If you come to the park, here are some do's and don'ts:Items ALLOWED- Bags not to exceed 12"x12"x6". All bags will be searched, please leave these items at home to avoid delayed entry.- Coolers not to exceed 16"x20"x12".- Strollers, children's wagons and wheelchairs.- Personal umbrellas not to e... 06/25/2019