Frisco, TX Real Estate News

By Collin Duke, Duke of Real Estate, Realtor, Collin County, Frisco TX
(Coldwell Banker Apex, Realtors)
 The Tortoise and the Hare Real EstateWhile Collin County (Frisco, Allen, McKinney, Plano)and surrounding areas are not immune to the national climate, the area trends have continued to buck the national trends.  While many areas of the country were seeing 10% to 20% annual appreciation and sometimes higher appreciable levels over the last few years, we in the Collin County were logging a whopping, but continual, 4% to 6% appreciation.  While this years appreciation has been minimal, the fact that it appreciated and did not depreciate as in many areas of the country points to a local strong economy and overall positive Real Estate conditions over the long haul.  This does not bode well for the short term investors, but the average home owners still have a positive outlook. The Duke of R...
Comments 0
By Meg Stewart, Appraiser-Frisco, Texas
(Reliable Appraisal)
Hello.  Please visit:  http://www.visitfrisco.com/calendar_events/index.html   to learn more about upcoming events in Frisco!Saturday, September 22, 7:00pmDr Pepper StarCenterCome enjoy great tennis stars Pete Sampras and Robby Ginepri , as well as a host of local players in an innovative tiebreak format compete at Dr Pepper StarCenter. For more information, call 214-GO-STARS (214-467-8277).  -Meg
Comments 0
By Loreena and Michael Yeo, Real Estate Agents
(3:16 team REALTY ~ Locally-owned Prosper TX Real Estate Co.)
I am proud to announce the official launch of 3:16 team REALTY in business effective this week (September 9th 2007). I have marketed through this assumed business name but with the passing of my real estate broker licensure recently, it was time to take this business to another level. Business has been great this year. I have certainly learnt more tips, strategies and provided great resources to better serve real estate clients in for my area. 3:16 team REALTY is poised for growth and excellence in the coming future. Our PhilosophyI attribute this success to the high value I place on high personal character, which influences every aspect of my real estate business. Not only do I work within the boundaries required by the National Association of Realtors, but above and far beyond the exp...
Comments 3
By Loreena and Michael Yeo, Real Estate Agents
(3:16 team REALTY ~ Locally-owned Prosper TX Real Estate Co.)
More media splashes this week about the looming sales of the housing market. Well, you have seen it in just about every major news publication. Should buyers stop buying now and wait till the prices drop "even further"? When investing in the stock market or even the housing market, most buyers use the common emotional reactions: buy when everyone is buying (or the market is HOT). In a Buyer's market (where there is more Buyers than Sellers), and especially with the stories we constantly here that prices will continue to drop for at least xx months, most buyers hold off their plans in hope that prices do continue to drop further. However, do realize that real estate is a local concept. By that I mean, the effects and results of them are totally dependent in the areas you are interested i...
Comments 1
By Loreena and Michael Yeo, Real Estate Agents
(3:16 team REALTY ~ Locally-owned Prosper TX Real Estate Co.)
Find out what homes your money really can buy here in Frisco Texas real estate market, located 25 miles north of the  Dallas, Texas. Less than $100KFor less than $100,000, you could purchase single-family one-story traditional brick homes with 2 or 3 bedrooms. They are typically starter homes at a little over 1,000 square feet. $100K - $150KThe houses in this price range will most likely be in the 3-bedroom, 2 bath sizes. At the higher end of the range, and if you comb the area well enough, you could expect some updated features most buyers will enjoy such as designer paints, laminate or hardwood floors. Fireplace is also a typical feature in this price range. They are still starter-home sizes between 1,300 to 1,600 square feet. $150K - $200KThe houses in this price range are typically ...
Comments 7
By Loreena and Michael Yeo, Real Estate Agents
(3:16 team REALTY ~ Locally-owned Prosper TX Real Estate Co.)
Joanne Hanson - the local area expert of Frisco Colorado and I thought it would be very interesting to write about our two cities. Same name yet with its own distinctive profiles. Frisco Texas Fast Facts: Frisco Texas is a city located in the Collin & Denton Counties in the North Texas area. It is in the Central Standard time zone with elevation of 696 feet. Land area of 70 square miles. The city name was founded in honor of the railroad that founded the young town in 1902. The railroad line from San Francisco was shortened to "Frisco". An estimated 92,345 residents call Frisco, Texas home. The median household income is $85,187 with median housing of $210,200. The closest Metropolitan is Dallas, TX. Major Mike Simpson heads the City of Frisco which is made up of 2 zip codes: 75034, 750...
Comments 3
By Loreena and Michael Yeo, Real Estate Agents
(3:16 team REALTY ~ Locally-owned Prosper TX Real Estate Co.)
With the children back in school, I have unofficially declared that the Summer is over. Here in Frisco, Texas, we have had the best summer - weather-wise, I mean. It is not as hot compared to previous years and unfortunately, for the real estate market, it too as not sizzling hot like just the year before.851 homes sold in Frisco, Texas from Memorial Day through Labor Day. They ranged from the lowest priced home at $75,000 to $1.67 Million dollars. When compared to the same time last year (2006), the most expensive home sold was $2.25 Million dollars. As predicted, it takes a little longer for properties to sell: 73 days at an average when compared to 58 days the year before.The biggest market movers in the Frisco market are the 150K - 250K price range, then followed by 250K - 500K. Pro...
Comments 5
By Loreena and Michael Yeo, Real Estate Agents
(3:16 team REALTY ~ Locally-owned Prosper TX Real Estate Co.)
Someone shared a current situation about working so very hard with what he thought were clients and ended up with a contract with a different agent.I know I've had my fair share with this situation. Once or twice are too many times. His pain brought back yet another lesson that I learnt in the past.I've had EBA signed and yet it happened. I choose not to pursue legal action because I am not that type of person. I should have confronted her - at least but at that time, I was too "nice" because I did not want to embarrass her. If I had to do it all over again, I would confront her respectfully. That's my 20K lesson. Yup, it would have been a good pay day.Since that experience, I've closed many other transactions. You might think it's easy for me to say this now, but I believe things happe...
Comments 6
By Loreena and Michael Yeo, Real Estate Agents
(3:16 team REALTY ~ Locally-owned Prosper TX Real Estate Co.)
Most of the places in the country are facing a Buyer's market*. It's true here in the Frisco TX Homes also. There are just more Frisco TX homes than there are Frisco TX home buyers out there now. As a result, the prices are typically lower. With the splashing news of subprime lenders going out of business, it makes buyers harder to qualify for loans. There are still 100% loans out there but the availability has significantly dropped. The adjustable rate mortgages were at one point "easier" to qualify because of the "lower" debt to income ratios are also adjusting "up". In short, the pool of available clients have definitely impacted Sellers of residential real estate. Thus, it become even more crucial to work with a local Frisco TX real estate expert who knows the market and knows how t...
Comments 6
By Loreena and Michael Yeo, Real Estate Agents
(3:16 team REALTY ~ Locally-owned Prosper TX Real Estate Co.)
It is almost adamant that some real estate clients only want to work with Top Producing agents. They are the best of the best. They come with experience. In this case, picking a top producing agent could almost yield the results you want. Or would it?Top producing agents do not necessarily mean that they are best for your situation. Evaluate their style and their ways of conducting business. You need to be comfortable to find a professional that fits your needs as well as your personality. After all, this relationship could perhaps last a very long time. Some say that "newer" agents work harder because they are more motivated and enthusiastic. Yes and No. While the energy is high, the experience in negotiation may be green.There should be a balance between picking a top producing agent ...
Comments 6
By Loreena and Michael Yeo, Real Estate Agents
(3:16 team REALTY ~ Locally-owned Prosper TX Real Estate Co.)
Is homeownership on your horizon? Are you excited about your possibilities? Wow... you can finally paint the wall black, green or purple just because you can!!! How cool would that be?House Rule: Is Buying ALWAYS better than RENTING?So, you pay $1,000 in rent now. For $1,000* in mortgage payment a month, you could buy a $150,000 home at 7% interest for 30 years. In the Dallas/ Fort Worth market, $150,000 buys you a pretty good starter home. Hold on..... before you go on further, let's ponder on some important issues of homeownership first.The $1,000 in mortgage payments have not included the property taxes and insurance. Okay, so let's back up to a little less house then. Let's assume that the property taxes and insurance is approximately $250 per month. That makes the mortgage payment ...
Comments 5
By Loreena and Michael Yeo, Real Estate Agents
(3:16 team REALTY ~ Locally-owned Prosper TX Real Estate Co.)
Has the Subprime Mortgage got you a little down on your American Dream? The dream of owning your own home? What has the media done recently? The stock market is like a roller coaster - One day it is up and another day, the sky seems like it is falling. News splashes everywhere talking about foreclosures at an all time high, more houses on the market now than ever before..... What is Subprime Mortgage?A sub-prime lender is one who lends to borrowers who do not qualify for loans from mainstream lenders. Some are independent, but many big-time mortgage companies have set up sub-prime departments to take part in this lucurative market. What is a Subprime Borrower?A subprime borrower is one who cannot qualify for prime financing terms but can qualify for subprime financing terms. The primary...
Comments 2
By Loreena and Michael Yeo, Real Estate Agents
(3:16 team REALTY ~ Locally-owned Prosper TX Real Estate Co.)
Are you getting ready to purchase your first home? I remembered what that feels like. It feels both exciting and scary...... Are you not sure you are doing the right thing? Got some debt strap you down for a while?My advice for saving for homeownership is not typical. I know that. But I do know if you follow these steps, you walk on solid grounds for sure. There is nothing better than knowing every step you take sets up foot firmly in the ground.My advice: Pay off consumer debts first, then build a good savings prior to buying your first home. Why? Debt can take a toll and joy out of homeownership. Even if you purchase a fairly new home, who is to say that things do not break? Or better yet, what guarantees you to not be in car wreck? I do not claim to be a devil's advocate but for thos...
Comments 1
By Stacy Long
(Keller-Williams)
Wow! What a week in Austin, Texas.  Who knew Texas could be such a blast?  My congratulations to all of the agents in attendance.  To qualify for camp you have achieved greatness in your business.  I am looking forward to keeping up with all of those I had the privilege to meet.  Let's take advantage of referrals.  I am in the Dallas Fort Worth area and I have a PASSION for this business.  You might say...it's HOT!  Yes, that's right, it's me Stacy Long from Frisco AKA "Hot Sauce Girl".  Glad to start blogging in this topsy-turvy market and anxious to begin a new phase to bring traffic to my website www.StacyLLong.com
Comments 1
By Loreena and Michael Yeo, Real Estate Agents
(3:16 team REALTY ~ Locally-owned Prosper TX Real Estate Co.)
Please let me help you.... You probably are a little confused in this art of pricing.....In order to move properties in the Frisco real estate market today, price is everything. Okay, it is probably 99% of everything. 1% - it does not really matter anyways.Broker Bryant talks in his blog about How His Listing needs to be the top 5 best price in the game. It does not reveal any secrets about how the mathematical and statistical number came from. Pure and simple: the price.Be the Top 5 Best Price...If the condition of the property is not in line with the competition, price it accordingly.If the location is not as desirable (say busy street), price it accordingly. It is not a matter of how much you want to net. It is not a matter of how much you think you would pay for it if you were the b...
Comments 3
By Loreena and Michael Yeo, Real Estate Agents
(3:16 team REALTY ~ Locally-owned Prosper TX Real Estate Co.)
When my husband and I came to the US, we found that alot of "Americans" were very fake - I guess we came from a different culture and a different way of doing things... You can say that at the tender age of 21 and 23, we were very naive. We really thought - what we thought were "friends" really asked, "How are you?" and they meant it.... Nope.... It's just an American way of greeting. Right after that, they do not care for an answer and soon we learnt to be "fake" ourselves..... "Great..... How about you?" We learnt that that's the right response. For years, my dear husband and I never really had "real, honest" friends who cared about people as people.This is not a bashful post. It is not intended to be this way. But read on....Until we found Hope - our home church..... It's very amazin...
Comments 8
By Loreena and Michael Yeo, Real Estate Agents
(3:16 team REALTY ~ Locally-owned Prosper TX Real Estate Co.)
We are hearing the Chicken Little cry all over again. This time is it with real estate. "The sky is falling, the sky is falling"..... Media headlines are splashing with screaming reports, "Sales of new homes fell in June - largest amount in 5 months and WORST DOWNTURN in 16 years".... quoted MSNBC. Foreclosure rates are at its highest, it is more difficult to qualify for loans. The National Association of Realtors (NAR) reported recently that the sales of existing homes dropped to its slowest pace since November 2002 and the decline was twice worse than expected. Some economists say that the weakness in housing could linger well into 2008. The rise and fall of the US Stock Market is clearly not helping either. We recently hit the highest point at the Dow Jones at 14,000 points (July 19 ...
Comments 4
By Loreena and Michael Yeo, Real Estate Agents
(3:16 team REALTY ~ Locally-owned Prosper TX Real Estate Co.)
It seems like this phrase, "I'll just list it at this price first. See what it does. If it does not sell by the time I need to move, then I'll just reduce the price".... How many times have we heard Sellers say that? It sounds like they are in no pressure to sell at all. Or they feel that it gives them enough time to justify a "higher" than market price first, if they are no takers, then they could always lower it. Some **think they have all these months (3 - 4 months) to sell, for the "highest" price is something they can afford. While I can certainly understand this thought, I may not agree with this philosoph at all. Unless you are in a Seller's market, most of us are experiencing some form of "Buyer's market". By definition, a Buyer's market is one that has more homes on the market ...
Comments 9
By Grant Howell, Broker/Owner 214-234-6901
(Alex Lowery Real Estate)
Are you looking for a new home nearby a premier golf club?  If you are in Frisco, TX look no further than The Trails Community and the adjascent Trails of Frisco Golf Course.  The golf course is fantastic and the homes are situated in one of West Frisco's most sought after neighborhoods.  Keep reading for golf details and if you are in the market for a home on the green give me a call at 214-234-6901.  Frisco Golf Course The Trails of Frisco Golf club is one of DFW's newest premier semi-private golf club. The Trails Golf Course features dramatic bunkering, scenic wetlands, and large, undulating Champion greens.  The 6,800-yard, par 71 layout offers a challenging yet fair test of golf for players of all skill levels. 18-hole championship Golf Course designed by Jeffrey D. Brauer Practic...
Comments 0
By Grant Howell, Broker/Owner 214-234-6901
(Alex Lowery Real Estate)
The grondbreaking ceremony for the 400,000 square foot Eldorado Market Place occurred June 25, 2007.The project is scheduled for completion next spring and will be anchored by a Market Street supermarket. Other  tentants include Chase Bank and Sovereign bank.There are rumors floating around that Costco is considering locating at this intersection.Development info:50 acre parcel of property in Frisco, Texas. The parcel is located at the northwest corner of Eldorado Parkway and the North Dallas Tollway in the high growth city of  Frisco. Zoned C-1, which allows retail and office development. Eldorado Parkway is located approximately five miles north of  State Highway 121, where the Tollway currently ends. The Tollway extension from 121 through Eldorado Parkway north to State Highway 380 h...
Comments 0
Explore Frisco, TX