NICK WALTON REALTOR®

Serving Your Frisco Community

NICK WALTON REALTOR® Serving Your Frisco Community

Phillips Creek Ranch in Frisco TX August Update

Phillips Creek Ranch in Frisco TX August Update

Things are moving fast over at Phillips Creek Ranch in Frisco TX. It won’t be long before the first of the builder models homes are complete.

Philips Creek Ranch, Frisco TX

Philips Creek Ranch, Frisco TX

Vista Park in Philips Creek Ranch, Frisco TX

Vista Park in Philips Creek Ranch, Frisco TX

Philips Creek Ranch, Frisco TX

Philips Creek Ranch, Frisco TX

Vista Park, Philips Creek Ranch, Frisco TX

Vista Park, Philips Creek Ranch, Frisco TX

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

Phillips Creek Ranch in Frisco TX July Update Two

Phillips Creek Ranch in Frisco TX July Update Two

Phillips Creek Ranch in West Frisco TX

Phillips Creek Ranch in West Frisco TX

Timeline

  • In Phillips Creek Ranch Phase One Sheridan each of the nine builders will have models in their designated area, all in close proximity to one another. Model lots will be delivered to the builders August 1st and they should be open around the first of November.
  • September 1st 2012, the Welcome & Amenity center will be complete.
  • Late 2012 Phase 1 Sheridan complete.

Phase One Sheridan

  • The purple shaded area is phase one.
Phillips Creek Ranch Phase One - Sheridan

Phillips Creek Ranch Phase One - Sheridan

Phase One Waterton, Weston & Riverton

  • The purple shaded area is phase one.
  • Parcel 8 is a future phase of 90′ lots being built by Standard Pacific.
Phillips Creek Ranch Phase One Waterton, Weston & Riverton

Phillips Creek Ranch Phase One Waterton, Weston & Riverton

Phillips Creek Ranch Schools

Phillips Creek Ranch in Frisco TX Schools

Phillips Creek Ranch in Frisco TX Schools

1) Sparks Elementary School
2) Pioneer Middle School
3) Future Elementary School
4) Future Middle School
5) Bledsoe Elementary School
6) Future Elementary School

Useful Facts

  • All the homes in Phase one are going to be front entry however on future rear entry homes will be available.
  • The HOA dues for Phillips Creek Ranch in Frisco TX will be $175 a month and will include access to all ten amenities, front and side yard maintenance, common area maintenance and home security monitoring system as well as community events.

Amenity Highlights

  • A Junior Olympic pool & children’s pool.
  • Three miles of hike & bike trails.
  • A Three Thousand square feet fitness facility.
  • An Eight acre Frisco city park.
  • Vista park, the highest point in Phillips Creek Ranch inundated with 50 mature trees.
  • Open air pavilion for community events.
  • 22 life sized bronze horse sculptures.

Contact Me today if would like more information about Philips Creek Ranch in Frisco TX or other 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

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

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.

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Nick Walton
JP & Associates Realtors®
469-556-2393
ttwllc@gmail.com

4050 Frankford #908, Dallas TX 75287

Condo. / Townhouse – Dallas, TX 75287
Condo, Traditional – Dallas, TX N. Dallas Townhome with PLANO ISD. 2 bedroom 2.5 bath with huge closets & plenty of storage. Oversized rear entry 2 car garage. Formal living & dining w. Wood floors. Kitchen has breakfast bar. 2 bedrooms upstairs with full baths. Conveniently located within mins. of both Dallas North Tollway & President George Bush
View the Virtual Tour for 4050 Frankford Road #908, Dallas, TX
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Far North Dallas 75287
Far North Dallas 75252
Nick Walton
JP & Associates Realtors®
469-556-2393
Questions?
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MLS#: 11765209
Licensed In:
TX
License #:
0615028
L2L Virtual Tours

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

 

Search For Homes In Frisco Here.

Looking To Sell Your Home? Find out how I sell homes in in less than 30 days.

Stay informed on what’s going on in the Frisco real estate market.

Thinking about buying? Let me show you how to become and informed buyer.

 

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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.

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.

March 2012 Market Update

March 2012 Market Update

Opportunities in the housing market continue to grow for buyers and sellers. Home affordability, driven mostly by record low interest rates, is among the lowest it has ever been. According to the National Association of Realtors, and based on national averages, the payments on a home today represent 12.8% of the median household income. This is both a good sign for those looking to purchase a home, and for the economy overall as consumers are keeping more money in their pockets.

If you’re seller, the housing market shows signs of transitioning from a buyers’ market more of a balanced one. This means that home owners should start to see prices stabilize and begin to grow, presenting more favorable opportunities for those looking to sell their homes. In regards to the number of homes on the market, a key indicator of the health of the housing market, Lawrence Yun, NAR chief economist, said, “The broad inventory condition can be described as moving into a rough balance, not favoring buyers or sellers.”

With continuing job creation, the improving housing sector, and signs that the banks are beginning to lend more, 2012 looks to offer promising opportunities to both those looking to buy or sell a home


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.

7 Key Reasons Why NOW is the Prime Time to Buy a Home

7 Key Reasons Why NOW is the Prime Time to Buy a Home

1. Home affordability is at an all-time high.
The median mortgage payment on the median priced home as a percentage of the median household income is lower than it’s been in a generation.

2. Mortgage rates have reached rock bottom.
As interest rates start to inch back upwards, monthly payments and total loan costs will spike upwards.

3. Buy Now; Buy Low!
After declining nearly three years, home prices are stabilizing.

4. Sellers are motivated.
This means that buyers have the upper hand! From banks looking to dispose of foreclosed properties to homeowners who are fiercely competing among an excess of housing inventory, buyers have untold choices and negotiating power.

5. Financing is readily available for qualified buyers!
Banks are getting back in the game and ready to lend to well-qualified buyers.

6. Owning vs. renting is increasingly favorable.
Since 2009, the average principal and interest payment has fallen below the average rental rates, and the gap is now wider than it’s been in the past 22 years.

7. Homeownership is at the core of the American Dream!
Owning a home is critical to financial stability and wealth building. It’s a forced savings account, a place to live and a fabulous tax deduction.


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.