NICK WALTON REALTOR®

Serving Your Frisco Community

NICK WALTON REALTOR® Serving Your Frisco Community

Getting Your Lease Application To The Top Of The Pile

Getting Your Lease Application To The Top Of The Pile

Frisco TX Lease Application

Frisco TX Lease Application

The process for leasing a property in Frisco TX is straight forward. Your and your Real Estate Agent find a home you like and submit the four page Texas Association of Realtors (“TAR”) Lease Application.

However what I am seeing from the Lease Listing Agent side of things is poorly completed applications on a regular basis.

Below are a few examples of poor Texas Association of Realtors (“TAR”) Lease Applications submitted by perspective tenants.

1) Forgetting to sign the application.

2) Incorrect job description. It may just be an oversight however an incorrect job description may come across as the applicant being dishonest.

3) When the application asks for your monthly salary and you fill our your yearly salary. Make things easier for the person reviewing your application and grab a calculated or your cell phone and divide your yearly salary by 12.

4) Please ensure any copies of ID’s, Pay stubs / W2′s are legible. If possible when copying your picture ID use a color copier or scan it in color as black and white tends not to show your face very clearly.

5) Make sure the current address you supply is your current address and it is helpful if your picture ID also has this address on it.

A few Tips For Making Your Application A Success.

1) Don’t ask to make payments on the security deposit. A security deposit is asked for to ensure you have financial resources in case you breach the lease agreement.

2) Be truthful upfront about your credit. It is possible to still lease a house in Frisco TX with less than perfect credit however we need to know about it in order to be able to give you solutions.

3) Be upfront about your credit worthiness with people. We always find out. Don’t say your credit is “okay” when in fact it’s very poor.

4) The application fee is not refundable. This fee is used to do a background check and is not just pocketed by the listing agent or landlord. This is why it’s so critical that you fill your application out correctly. Do it right the first time and be upfront and HONEST about all the details!

5) In Frisco TX & surrounding areas, a Landlord or anyone a Landlord directs can enter the property WITHOUT warning, notice or permission.

6) It’s not just all about the credit score. If you have a 590 credit score but have substantial monthly income, relative to the monthly rent, then you may get approved! In contrast, if you have a 700 credit score but cannot produce financial records documenting “deposits” you probably won’t get approved.

If you need assistance with leasing a property or leasing out your current property then please contact me and i will be glad to assist you.

Previous Blog Post -> Make Your Frisco TX Lease Application Successful
Next Blog Post -> Things To Avoid When Completing A Texas Association of Realtors (“TAR”) Lease Application

Frisco TX Homes for Lease
Frisco TX 75034
Frisco TX 75035
Search All Homes For Sale
How Much Can I Afford?
Nick Walton
JP & Associates Realtors®
469-556-2393
Nick@NickWaltonRealtor.com

 

Glen Meadows Located In West Plano TX

Glen Meadows Located In West Plano TX

Glen Meadows Entrance

Glen Meadows Entrance

Glen Meadows neighborhood is in desirable West Plano in Collin County TX. This subdivision is located near the cross street of Midway & between Park Blvd to West Parker Road. It is also close to the North Dallas Tollway (DNT) which gives you quick access to the surrounding areas and beyond.

Glen Meadows Homes

Glen Meadows Homes

Close by to Glen Meadows in Plano TX is the Hills of Preston Wood Country Club which is located nearby as well as the Presbyterian Hospital and The Shops at Willow Bend Shopping Center. If you like the outdoors then the Arbor Hills Nature Preserve is also close by and offers biking and hiking trails, children’s playground, and picnic areas. The community is located within the sought after Plano Independent School District which help this wonderful community to be one of the most desirable subdivision in this area.

Glen Meadows Homes

Glen Meadows Homes

Glen Meadows homes were built between 1992 to 1996 and sizes range from 2,700 square feet to 4,100 square feet with 4 to 5 bedrooms, 2 car garages and feature landscaped fenced backyards. Homes within Glen Meadows community and currently being listed between $350K to $375K.

Glen Meadows Homes

Glen Meadows Homes

 

The Home owners association of Glen Meadows in Plano TX is voluntary and has strong involvement from within the community

Glen Meadows Homes

Glen Meadows Homes

Plano Independent School District serves the Glen Meadows subdivision.

Elementary School
Barksdale Elementary School – Phone: 469-752-0100
2424 Midway Road Plano, TX 75093

Middle School
Renner Middle School (Grades 6-8) – Phone: 469-752-5800
5701 West Parker Road Plano, TX 75093

High School
Shepton High School (Grades 9 and 10) – Phone: 469-752-7600
5505 Plano Parkway Plano, TX 75093

Senior High School
Plano West Senior High School (Grades 11 and 12) – Phone: 469-752-9600
5601 West Parker Road Plano, TX 75093

Glen Meadows Homes

Glen Meadows Homes

Glen Meadows Homes

Glen Meadows Homes

Glen Meadows Homes

Glen Meadows Homes

Plano Homes For Sale
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Plano – Homes For Sale < $175k
Homes for Sale in Plano 75093
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Nick Walton
JP & Associates Realtors®
469-556-2393
Nick@NickWaltonRealtor.com

Make Your Frisco TX Lease Application Successfull

Make Your Frisco TX Lease Application Successful

Frisco TX Lease

Frisco TX Lease

The lease market in Frisco TX & surrounding areas are hot. Whilst this is a good thing for agents & landlords this also creates a shortage of lease properties & those that are on the market are leasing quickly. With competition for correctly priced, good condition properties being high it is important that you complete the Texas Association of Realtors (“TAR”) Lease Application correctly which will help you improve your chances of your application being successful.

1) Fill Out Your Application Thoroughly

Please fill out your application thoroughly. Fill in every blank and section applicable to you and write as neatly as possible so it’s easy for the person reviewing it to read. The one part that I would leave blank when filling out the application initially is the address information. Make copies of the lease application, keep the original, and then fill out the address blanks when you have found the property you want to lease. If you do not get accepted, then at least you don’t have to refill another long application. Here in Texas it is four pages long and can be tedious to have to fill out over and over.

2) Be Honest

Real Estate agents or landlords are going to verify the information you supply on your application so you are wasting both your time and theirs if you lie on your application.

3) Pay Stubs Or W2′s

Make copies of your last two months of pay stubs and if possible your W2 if asked for.

4) Identification

Make copies of your driver license and social security card.

5) Have All Paperwork Ready

Successful Realtors are busy so they will ask you to have all your paperwork ready before they can take you out to look at lease properties. Lease properties are moving quickly in Frisco, TX & surrounding areas so you want to have everything together before you look so that when you want to apply you can submit the application promptly.

6) Not Perfect Credit Can Be Overcome

If your credit is not perfect which is not unusual in the current financial climate their are things you can do to boost your application. Ask your current landlord or employer to write you a letter of recommendation. A good rental history and stable, verifiable employment can help to offset some credit issues.

The above are just a few tips that I found have proven helpful to my clients in this current hot lease market in the Frisco TX & surrounding areas. If you need assistance with leasing a property or leasing out your current property then please contact me and i will be glad to assist you.

Previous Blog Post -> What To Look For When Choosing a Renters Insurance Policy
Next Blog Post -> Getting Your Lease Application To The Top Of The Pile

Frisco TX Homes for Lease
Frisco TX 75034
Frisco TX 75035
Search All Homes For Sale
How Much Can I Afford?
Nick Walton
JP & Associates Realtors®
469-556-2393
Nick@NickWaltonRealtor.com

 

What To Look For When Choosing a Renters Insurance Policy

What To Look For When Choosing a Renters Insurance Policy

What To Look For When Choosing a Renters Insurance Policy

Choosing A Renters Insurance Policy

The most important thing when you are looking for a renters insurance policy is to be sure that it covers your belongings but fits within your price range. Be sure to obtain multiple Insurance policy quotes and compare them before signing any contract. Below are some pointers to help you in making an educated choice.

1. Ensure You Have The Coverage You Need

Your Renters Insurance Policy will cover the cost of replacing your belongings but do you need extra coverage? What you believe is automatically covered by your standard insurance policy may actually not be covered. Items such as antiques, jewelry or other high cost items may need to be itemized on the policy.

2. Check For Flood Coverage

Do you need flood coverage? Most insurance companies in response to the losses they incurred from hurricanes in the past do not provide coverage for losses from the result of flood damage.
If you do need coverage for water damage a separate policy or a higher premium may be required.

3. Consider Roommates

Your Renters Insurance Policy will only cover you the insured, which means that if you have a roommate and their belongings are damaged they will not be covered by your policy. Be sure to read through your policy to determine if it covers all the belongs within your leased property or only the named insured (you).

4. Consider Your Representation

For the best rates consider using an insurance company that has a local representative instead of using an out of state company. This is important as local agents usually offer lower premiums because they are familiar with your local area and are able to help you out if you have to make a claim.

Previous Blog Post -> Things To Avoid When Completing A Texas Association of Realtors (“TAR”) Lease Application
Next Blog Post -> Make Your Frisco TX Lease Application Successful

Frisco TX Homes for Lease
Frisco TX 75034
Frisco TX 75035
Search All Homes For Sale
How Much Can I Afford?
Nick Walton
JP & Associates Realtors®
469-556-2393
Nick@NickWaltonRealtor.com

 

Things To Avoid When Completing A Texas Association of Realtors (“TAR”) Lease Application

Things To Avoid When Completing A Texas Association of Realtors (“TAR”) Lease Application

Texas Association of Realtors Lease Application

Texas Association of Realtors Lease Application

When it comes time for you to complete the Texas Association of Realtors (“TAR”) Lease Application there are a number of things that you need to insure that you enter correctly. This 4 page contract is legally binding so it is vital that you understand and complete the document correctly. Below are four common mistakes that you want to avoid.

1 – Incorrect Social Security Number

I know it sounds crazy but you would not believe the number of applicants that give incorrect social security numbers and that causes the application processing to be delayed. If for some reason you are unable to remember your social security number than either write it down or bring your social security card with you.

2 – Giving Too Much Information

Only give out the information that is asked for. The Texas Association of Realtors (“TAR”) Lease Application gives us all the information that we need to do a background check. We don’t need bank account numbers or account balances. That’s too much information and you shouldn’t provide it to anyone.
If your realtor is asking you for information that you feel is more than is needed to complete the application then ask them why they need this additional information and if you are not happy with the explanation then you may want to look for another realtor.

3 – Leasing Too Much Home.

Just like when you are looking to purchase a house, your realtor will review the rental lease application you submit and determine whether you can afford the apartment using the same criteria they use in the mortgage industry. If the lease amount is higher than a certain percent of your income, anywhere from 33 to 40 percent, they may deny your application for failure to meet minimum income requirements. Remember that you will have to pay a lease application fee of between $30 – $50 per applicant.

4 – Not Getting Enough Feedback From Your Realtor

Your realtor will use the lease application fee they collect with your Texas Association of Realtors (“TAR”) Lease Application to do a criminal background check and run your credit report. They’re going to see a lot of your history, and make judgments about your ability to pay rent and be a good tenant. If they find something in your criminal or credit history that’s suspect, they may advise the home owner to deny your application for a lease.
Remember that you will need to clear up any potential issues by providing an explanation with your Texas Association of Realtors (“TAR”) Lease Application. Write a letter on a separate sheet of paper, that you can submit with any application. In the space provided on the application, simply write “See Attached” and attach the letter to it.

Previous Blog Post -> What To Look For When Choosing a Renters Insurance Policy
Next Blog Post -> Getting Your Lease Application To The Top Of The Pile

Frisco TX Homes for Lease
Frisco TX 75034
Frisco TX 75035
Search All Homes For Sale
How Much Can I Afford?
Nick Walton
JP & Associates Realtors®
469-556-2393
Nick@NickWaltonRealtor.com

 

The Colony Shoreline Trail in The Colony TX

The Colony Shoreline Trail in The Colony TX

The Colony Shoreline Trial Map

The Colony Shoreline Trial Map

 

The Colony Shoreline Trail in The Colony TX is approximately three miles long and offers hikers, bikers, walkers & runners great access to the parkland and wildlife preserve around the southeastern shore of Lake Lewisville.

The Colony Shoreline Trial Information Panel

The Colony Shoreline Trial Information Panel

The Colony Shoreline Trail is a ten feet wide natural surface trail that winds through The city of The Colony’s parkland as well as US Army Corps of Engineers (USACE) wildlife management area. Ridgepointe Park is on the southern end of the trail with Stewart Creek Park at the northwestern end. Both Ridgepointe & Stewart Creek Parks have parking lots giving visitors easy access to the trails.

The Colony Shoreline Trial

The Colony Shoreline Trial

The Shoreline Trail is a natural surface material trail made up of decomposed granite which helps minimize maintenance and increase sustainability. Much of the trail is located in the flood control land of Lewisville Lake and is subject to flooding during severe weather.

The Colony Shoreline Trial Lake

The Colony Shoreline Trial Lake

The Shoreline Trail also features five pedestrian bridges that span the natural creeks along the trail as well as several concrete low-water crossings at locations that are wet during rainy periods.

With this area being part of a wildlife management area, visitors can expect to see a number of native plants and wildlife. To help you identify these, a number of signs / panels are provided to enhance the educational opportunities of the area and awareness of the natural systems.

A map of the trail is located at both Ridgepointe & Stewart Creek Parks trailhead parking areas. Several benches, litter receptacles, recycle containers, and pet stations are located along the trail. Whether youare a runner, bird watcher, mountain biker, or a family looking for an enjoyable afternoon outdoors then The Colony Shoreline Trail is a great choice.

The Colony Shoreline Trial Map

The Colony Shoreline Trial Map

The Colony TX Homes for Sale
The Colony TX 75056
West Frisco TX 75034
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What is your home worth?
Nick Walton
JP & Associates Realtors®
469-556-2393
Nick@NickWaltonRealtor.com

 

Shaddock Creek Estates in Frisco TX Video Tour

Shaddock Creek Estates in Frisco TX Video Tour

Shaddock Creek Homes For Sale

Shaddock Creek Estates Frisco TX

 

Shaddock Creek Estates is located in west Frisco in TX. This prestigious community is made up of several phases including the one I am currently showing you which is the high-end luxury gated section of Shaddock Creek Estates. Home prices in this section of Shaddock Creek Estates start in the mid $400k range and go up to the Million Dollar Estate homes. Home builders such as K. Hovnanian and Shaddock Homes build two story homes starting at 3,750 square feet with custom builders in the Million Dollar Estates.

Shaddock Creek Estates in West Frisco TX is surrounded by beautifully landscaped terrain and a lush, wooded creek with trails. This luxury comminity offers many amenities, such as walking trails, swimming pool, creeks and greenbelts. The elementary and middle schools are within walking distance and the high school is adjacent to the community.

Shaddock Creek Estates is conveniently located just off the Dallas North Tollway. Attractions such as, the Stonebriar Mall, the Roughrider Baseball Stadium, Star’s Hockey Arena and Frisco’s world class soccer facility, FC Dallas are all a short distance away.

Call (469) 556-2393 for more information or appointment to view homes in Shaddock Creek Estates.

Frisco TX Homes for Sale
Frisco TX 75034
Frisco TX 75035
Search All Homes For Sale
What is your home worth?
Nick Walton
JP & Associates Realtors®
469-556-2393
Nick@NickWaltonRealtor.com

 

So I Told You The Market In Frisco Is Great….Just Sayin…

So I Told You The Market In Frisco Is Great….Just Sayin…

Frisco TX Real Estate Market is HOT

One question every Realtor® gets asked frequently is “how’s the market”. I love to hear this question especially in today’s hot Frisco TX marketplace. Right now (June 2012) we have 3.2 months of inventory which puts us firmly in a Sellers Market.

Definition of a Sellers Market is:

A market which has more buyers than sellers. High prices result from this excess of demand over supply.

Another way to look at the market is through the amount of Inventory.

Buyer’s Market – more than 7 months of inventory.

Seller’s Market – less than 5 months of inventory.

Balanced Market – from 5 to 7 months of inventory.

As I mentioned above we currently have 3.2 months of inventory in Frisco. If you are currently looking for a home you will notice that in Frisco there is a shortage of supply especially in the $175k – $275k range. So if you do find a home you like, put in an offer now, because if you don’t somebody else will.

If you are thinking about listing your Frisco TX home then now is a great time to do so don’t delay. This is the busiest time of the year with the schools out for the summer, the warm weather and more daylight all adding up to more buyers out there looking to buy.

Currently this year I personally have sold all my listings within 30 days with more than one home going under contract in less than 7 days and receiving multiple offers.

Below are the number provided by NTREIS. Real Estate Center at Texas A&M

May 2012 YTD – Single Family Residences

City # of Sales % Change vs Prior Yr. Average Sales Price % Change vs Prior Yr. Average Days on Market % Change vs. Prior Yr.
Frisco 1234 17% $304,799 10% 68 -18%

May 2012 Monthly Sales Closed – Single Family Residences

City # of Sales % Change vs Prior Yr. Average Sales Price % Change vs Prior Yr. Average Days on Market % Change vs. Prior Yr.
Frisco 370 54% $315,785 7% 55 -22%

 

Frisco TX Homes for Sale
Frisco TX 75034
Frisco TX 75035
Search All Homes For Sale
What is your home worth?
Nick Walton
JP & Associates Realtors®
469-556-2393
ttwllc@gmail.com

Chapel Creek Frisco – Informational Video Tour Of The Neighborhood

Chapel Creek Frisco – Informational Video Tour Of The Neighborhood

Chapel Creek in Frisco TX is a luxury community featuring custom built homes and is located between Preston Road and the Dallas North Tollway (DNT). Chapel Creek’s main entrance is off Parkwood Blvd. between Stonebrook Parkway and Wade Blvd.

Chapel Creek In Frisco Entrance

Chapel Creek In Frisco Entrance

 

Chapel Creek has many native trees & creeks which provides a scenic setting for the hike and bike trails within the community. Many of the areas top home builders are building estate & custom homes nestled within the natural creek & native trees.

This exclusive neighborhood offers some of the only land remaining for affluent single-family development in the west Frisco market.

Pre-owned homes in Chapel Creek Frisco start in the low $800K range and go up to around $3,000,000 for some of the larger custom built estates.

Buyers looking in Chapel Creek Frisco have a large variety of homes to choose from with architectural styles such as traditional, French country, mediterranean villas & European design. Home sizes in Chapel Creek range from around 4000 square feet with the larger estate having 7,000+ square feet.

Homeowner’s association dues (HOA) are approximately $100 per month. Amenities within Chapel Creek include hike and bike trails a rouging trail and well as a community playground for children.

 

School Information:

Frisco ISD is one of the fastest growing school districts in the state and nation, growing by 15-30 percent annually the past 10 years. FISD serves residents of Collin and Denton Counties and residents of Frisco, and some portions of Plano, Little Elm, and McKinney.

School-aged children at Chapel Creek attend Frisco Independent School District.

Spears Elementary (Kindergarten – 5th Grade)

Pioneer Middle School (6th – 8th Grade)

Frisco High School (9th – 12th Grade)

For more information regarding school grading system visit the site www.GreatSchools.org

 

Directions:

From SH 121, head north on Parkwood Boulevard. Pass Lebanon and Wade Blvd., Chapel Creek is on your right just south of Stonebrook Parkway.

If you are considering a move across the country or across town Call Nick 469-556-2393 for more details about this outstanding community.

Frisco Homes For Sale
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What is your home worth?
Nick Walton
JP & Associates Realtors®
469-556-2393
ttwllc@gmail.com

Cost vs Value – Choose Your Remoding Project Wisely

Cost vs Value – Choose Your Remoding Project Wisely.

Thinking about remodeling your home, then you need to read this article and I will show you where your money is best spent.

 

Top 6 Returns
Job Description Siding Replacement (upscale)
Job Cost $13,461
Resale Value $10,493
Cost Recouped 78%
Job Description Entry Door Replacement
Job Cost $1,238
Resale Value $903
Cost Recouped 73%
Job Description Attic Bedroom Addition
Job Cost $50,148
Resale Value $36,346
Cost Recouped 73%
Job Description Kitchen: Minor Remodel
Job Cost $19,588
Resale Value $14,120
Cost Recouped 72%
Job Description Garage Door Replacement
Job Cost $1,512
Resale Value $1,087
Cost Recouped 72%
Job Description Garage Door Replacement (upscale)
Job Cost $2,994
Resale Value $2,129
Cost Recouped 71%

 

Frisco Homes For Sale
Search All Homes For Sale
Plano Homes For Sale
Frisco – Grayhawk Homes For Sale
Chapel Creek in Frisco Homes for Sale
Free List of Foreclosed Homes For Sale
Avoid Foreclosure
What is your home worth?
Nick Walton
JP & Associates Realtors®
469-556-2393
ttwllc@gmail.com