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

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

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

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
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

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

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