NICK WALTON REALTOR®

Serving Your Frisco Community

NICK WALTON REALTOR® Serving Your Frisco Community

New vs Pre-Owned Home

New vs Pre-Owned Home

Advantages to consider when buying a new home:

  • Features the latest floor plans for today’s life-styles.
  • Is built using the latest energy saving materials, the newest technologies & meets the current building codes.
  • Enhanced energy efficiency will make your home more comfortable in summer and winter while lowering your energy bills.
  • Extended builder’s warranty usually provides a 10 year structural warranty, 2 year manufacturer’s warranty on appliances, and a one year walk through with repairs done by the builder.
  • Your choice: you select the location of a new home community, the builder, your home site, and a floor plan that best meets your housing needs.
  • It is the simplest way to get what you want because you start with a clean slate.
  • You can personalize landscaping for your life-style.
  • There are added amenities such as parks, walking trails, swimming pools, tennis courts, and golf courses that provide a great venue for socializing, exercise and more.
  • You get additional peace of mind from knowing that no one else has lived in your home before you and your family and there’s just something about moving into a brand new home!

Advantages to consider when buying a pre-owned home

  • A used home is typically in an established neighborhood with mature trees, shopping centers, and can be close to schools.
  • It is often priced lower than a new construction home, and it may have the character or charm that you are looking to purchase.
  • Lower purchase price:  prices are not only more negotiable, they start lower than prices for new homes of similar size.
  • Typically “pre-owned” homes are closer to town, which may mean less commuting time.
  • Builder errors have been detected and resolved:  no need to guess how an old home will age.
  • Cheaper to move into:  window shades and blinds are in place, landscaping, patios and fences are complete.
  • Style and craftsmanship: plaster walls, parquet floors, wood paneling  and 12 foot ceilings are prohibitively expensive in a new house.

This blog post is provided to you by Your Frisco Realtor® of NickWaltonRealtor.com

Providing Real Estate services for the cites of Frisco, Plano, McKinney, Allen, Little Elm, Prospre, Celina & North Dallas.

Nick Walton, Realtor®

JP & Associates Realtors®

Nick@NickWaltonRealtor.com
Cell / Text 469-556-2393

www.NickWaltonRealtor.com

Join the Your Frisco Realtor® & Nick Walton Realtors Group Facebook Fan pages

I’m glad that you have found my blog and taken the time to read it. If you find the information useful or informative please “Subscribe” to my blog.

I enjoy building new business relationships across the country and would love to find a way to work together on a transaction or a referral.

House Prices Continue To Move Upwards In Cristie Ranch, Frisco

House Prices Continue To Move Upwards In Cristie Ranch, Frisco

Cristie Ranch in Frisco

Cristie Ranch in Frisco

Cristie Ranch is a West Frisco community located just north of Eldorado Parkway on the west side of Teal Parkway.

As you can see from the data below the average selling price per square foot has risen by $6 in 2012 compared to 2011. Also homes are taking less time to sell & are selling for more. All of these are great indicators why now is a great time to list your home for sale.

Cristie Ranch January – August 2011

Average selling price per sq. ft $88.00
Average days on market: 115
Average list price to sales price: 96%
Average sales price: $305’000

Cristie Ranch January – August 2012

Average selling price per sq. ft $94.00
Average days on market: 85
Average list price to sales price: 97%
Average sales price: $330’000

Contact Me today if would like information about Frisco TX or Frisco Communities!

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

Renting vs. Buying in Frisco, TX

Renting vs. Buying in Frisco, TX

Renting vs. Buying in Frisco, TX

Renting vs. Buying in Frisco, TX

Do you know anyone who is renting in Frisco, TX right now?

I would like to start by saying that even though now is a great time to buy from a financial standpoint I understand that due to some peoples personal circumstances renting may temporarily be the right thing for them. However with that said some people wait to purchase a home until the “right time”. They may want to rent to clean up credit, get to know a city before buying there, or have a change in family dynamics. All are good reasons to rent. It is important though to balance that decision with the amount of rent you are paying. Did you know that if you are paying $2000 a month for rent that you will pay $24,000 in one year and $120,000 over 5 years?

Owning a home can be a great investment and tax write off. Today’s market makes it a great time to buy, with interest rates at historical lows and house prices down from there highs of three years ago. Home ownership is ideal for someone who plans on living in that house for at least 3 years or longer. It allows you to build equity in something that you can later sale or take out home equity loans against if you choose. Rent is just helping someone else pay off their investment. Why not be paying off your own investment?

If you have friends renting in today’s market tell them to contact me to help walk them through some basic steps. You can advise them that in today’s post sub prime loan crisis, having good credit is important. Today, many loans are based on your FICO score. While I understand that there is much more to a person than there FICO score, lenders none the less, will use this rating to assign what interest rate you will be approved at. A good loan officer can go through your finances and help recommend steps to get you ready to purchase a home in the next few months. I have several great contacts that I can recommend to you. Also, I can help show you some important things to consider when purchasing a home and work with you on what is important to you in your next move.

Feel free to call me to discuss your next move.

Contact Me today if would like information about Frisco TX or Frisco Communities!

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

Frisco TX Homes Sales 2nd Qtr. 2012

Frisco TX Homes Sales 2nd Qtr. 2012

If you are a visual person then you will love the graphs below that show how great the market in Frisco TX is right now.

It good to see that the average overpricing for the second quarter has dropped from 6.6% to 5%.

If you are looking to sell your home you should expect to receive more offers on your home in Frisco TX as currently inventory levels are below 2 months on homes priced between $250k – $300k.

The median sales price on homes in Frisco, TX was $271,460, with it taking on average less than 60 days to sell homes priced around $300k.

Frisco Homes Sales

Frisco TX Homes Sales 2nd Qtr. 2012

 

Frisco TX Home Sales for 2nd Quarter 2012

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

Closing Costs – Who Pays What

 Closing Costs – Who Pays WhatBelow is a chart that shows who customorily pays each cost. As with many things in real estate, who pays for what is negotiable and any agent worth his comission will negotiate with the other agent to get you the best possible deal.

Closing Costs - Who Usually Pays For What.

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

Dollar Volume Since 2007

Dollar Volume Since 2007

April was another strong month for North Texas housing, with dollar volume up 20% over last April. That year-over-year dollar volume change was caused by an increase of 11% in volume and an 8% increase in average price of homes sold. In fact, this April was the 3rd highest dollar volume of NTREIS April home sales of all time (only 2006 and 2007 were better). To be fair, this stat should improve each year as North Texas population grows, but it’s good to be back on that track!

Ntreis Dollar Volume Since 2007

Ntreis Dollar Volume Since 2007

The price per square foot was up 6% in April (versus April 2011), so it does appear that there is finally some good, old-fashioned price appreciation to go along with the skewing effect of the change in the housing mix.


This blog post is provided to you by Your Frisco Realtor® of NickWaltonRealtor.com

Providing Real Estate services for the cites of Frisco, Plano, McKinney, Allen, Little Elm, Prospre, Celina & North Dallas.

Nick Walton, Realtor®

JP & Associates Realtors®

Nick@NickWaltonRealtor.com
Cell / Text 469-556-2393

www.NickWaltonRealtor.com

Join the Your Frisco Realtor® & Nick Walton Realtors Group Facebook Fan pages

I’m glad that you have found my blog and taken the time to read it. If you find the information useful or informative please “Subscribe” to my blog.

I enjoy building new business relationships across the country and would love to find a way to work together on a transaction or a referral.

We Are In A Sellers Market Locally…..

We Are In A Sellers Market Locally…..

We Are In A Sellers Market Locally.....

WSJ says Bidding Wars Are Back

March 2012 was the 9th month in a row that pre-owned homes sales in North Texas were higher than the same month last year. Pre-owned home sales were up 16% in the first quarter of 2012. There is a 23% decrease in total home inventory on the market indicating a limited supply of homes for sale which should support higher sales price levels this coming quarter.

The majority of the Metroplex has only 3-5 months of inventory so we are currently in a sellers market.

Many of the sort after north dallas suberbs such as Frisco, Plano, Alen & Mckinney have less than 3.5 months of inventory and homes that are priced to sell are receiving multiple offers.


This blog post is provided to you by Your Frisco Realtor® of NickWaltonRealtor.com

Providing Real Estate services for the cites of Frisco, Plano, McKinney, Allen, Little Elm, Prospre, Celina & North Dallas.

Nick Walton, Realtor®

JP & Associates Realtors®

Nick@NickWaltonRealtor.com
Cell / Text 469-556-2393

www.NickWaltonRealtor.com

Join the Your Frisco Realtor® & Nick Walton Realtors Group Facebook Fan pages

I’m glad that you have found my blog and taken the time to read it. If you find the information useful or informative please “Subscribe” to my blog.

I enjoy building new business relationships across the country and would love to find a way to work together on a transaction or a referral.

April 2012 Market Update Pt. 2

April 2012 Market Update Pt. 2

Home Sales

April Home Sales

April Home Sales

In Millions
Home sales dipped 0.9% in February to 4.59 million units, yet are 8.8% higher from a year ago. A strengthening economy is improving consumer confidence with an increasing amount of people in the market. Additionally, as the market shows signs of improvement, more people are feeling the urgency to buy while prices and interest rates are still at some of the most affordable levels in history.

Home Prices

April Home Prices

April Home Prices

In Thousands
After slipping a bit at the beginning of the year, median home prices rose to $156,600, up 0.3% from a year ago. NAR President Moe Veissi said, “People realize that home ownership is an investment in their future. Given an apparent overcorrection [dropping prices as an overreaction to market conditions] in most areas, over the long term home prices have nowhere to go but up.”

Inventory

April Home Inventory

April Home Inventory

In Months
Housing inventory rose 4.3% in February to 2.43 million homes, representing a 6.4-month supply, up from 6.0 in January. There are several factors driving this increase in the inventory of homes. First, banks have settled major lawsuits regarding fraudulent foreclosure practices with state governments, which has enabled them to start moving many foreclosures off their balance sheets and into the market. Pending sales are up, and home building is starting to show signs of life again after three years of low new-housing construction.


This blog post is provided to you by Your Frisco Realtor® of NickWaltonRealtor.com

Providing Real Estate services for the cites of Frisco, Plano, McKinney, Allen, Little Elm, Prospre, Celina & North Dallas.

Nick Walton, Realtor®

JP & Associates Realtors®

Nick@NickWaltonRealtor.com
Cell / Text 469-556-2393

www.NickWaltonRealtor.com

Join the Your Frisco Realtor® & Nick Walton Realtors Group Facebook Fan pages

I’m glad that you have found my blog and taken the time to read it. If you find the information useful or informative please “Subscribe” to my blog.

I enjoy building new business relationships across the country and would love to find a way to work together on a transaction or a referral.

April 2012 Market Update

April 2012 Market Update

Now three months into 2012, both the housing market and the overall economy are improving at modest rates. These improvements have inspired confidence in consumers, demonstrated by a 9.2% increase in pending home sales in February from the year prior.

Both home prices and sales are expected to increase in 2012. Lawrence Yun, chief economist for NAR, stated, “Falling visible and shadow inventory [bank-held properties], combined with a dearth of new-home and apartment construction during the past three years, assure that rents will continue to rise, with likely home price increases in 2012.”

As rents continue to rise, buying becomes a more and more attractive option as home affordability, or the percent of income it takes to pay the mortgage, continues to be among the most favorable in history. Trulia’s Winter 2012 Buy vs. Rent Index, which measures the relative cost of renting compared to asking prices of homes found that in 98% major metropolitan areas sampled, it was more affordable to buy than to rent.


This blog post is provided to you by Your Frisco Realtor® of NickWaltonRealtor.com

Providing Real Estate services for the cites of Frisco, Plano, McKinney, Allen, Little Elm, Prospre, Celina & North Dallas.

Nick Walton, Realtor®

JP & Associates Realtors®

Nick@NickWaltonRealtor.com
Cell / Text 469-556-2393

www.NickWaltonRealtor.com

Join the Your Frisco Realtor® & Nick Walton Realtors Group Facebook Fan pages

I’m glad that you have found my blog and taken the time to read it. If you find the information useful or informative please “Subscribe” to my blog.

I enjoy building new business relationships across the country and would love to find a way to work together on a transaction or a referral.