New Regs May Delay Closings …

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New Regs may delay closings …

Effective July 30th 2009, there were mandatory changes implemented with regard to disclosing the Truth and Lending and the Regulation Z. These new disclosure requirements affect all transactions in the mortgage industry including both Brokers and Bankers.

Here are the two main changes that Real Estate Agents need [...]

DFW Foreclosure Headlines Confuse Readers

Confused About Foreclosure Information in the DFW Area?

Front page headlines in Friday’s Dallas Morning News, “Foreclosures fall, but recovery unclear.”  But headlines in the business section on page 6 “D-FW foreclosure postings climb 35%.”  So, which way is it?

Both articles in the same paper on the same day refer to the DFW metroplex.  While [...]

Plano City Council Wavering on Property Tax Hike

Image by jehb via Flickr

According to the Dallas Morning News, Plano city council members are asking their budget officials to find more savings to offer options to raising property taxes.
Apparently, the concil met all day Saturday and agreed to send budget officials back to the drawing board to find more savings.  Plano has already made [...]

Gentle Creek Estates Looking Great

Gentle Creek Estates is maturing and looking awfully attractive these days.  There are very few homes for sale and only a handfull of lots!  Big improvement over a year and two years ago.
It is probably the nicest subdivision in Prosper because it is surrounded by one of Texas’ most beautiful golf courses…Gentle Creek Golf Club. [...]

Prosper Begins 911 Dispatch Services

Image by sillygwailo via Flickr

For years Prosper has relied upon the Frisco 911 dispatch service and on Plano’s Public SafetyEmergency Service.
Due to technology upgrades by both Frisco and Plano, the costs to Prosper would substantially increase.  Additionally, the Plano radio system will no longer be available for us by the Town of Prosper.
Because of these [...]

Prosper Taxes Highest in Collin County Going Up

Image via CrunchBase

Well  I hear that the Town of Prosper is proposing an increase to the already highest property tax in Collin County! And, the Town has not and is not planning any reduction in personnel.  Now consider this.  The primary reason that many businesses are reporting an improvement in earnings during this serious recession [...]

Plano Home Sales for 1st half of 2009

Plano is weathering the housing slump better than all other Collin County cities which means it is one of the best markets in the country.  As you know, Plano is a mature city unlike Allen, Frisco, McKinney and Prosper. The homes in Plano are older because Plano developed before these other cities. There is not [...]

Prosper Midyear Report on Residential Activity

Here are some highlights of June and then we will look at the midyear report.  June boasted 48 homes sold compared to 41 last year.  Average days on market came down from 156 in 2008 to 88 in June.  This is better than year to date.
The following data is for the 6 months ending on [...]

Frisco Home Update YTD through June 30th

Frisco home sales and attendant statistics pretty much mirror those for other Collin County cities.
For the first half of 2009, here is what happened:
New listings were down 15.5% from 3237 last year to 2734 this year.
Closed sales or transactions were down 10.6% from 1547 last year to 1383 this year.
Average sales price were down 7.3% [...]

McKinney-Plano-Frisco-Prosper Flat Fee Listing $750

REMINGTON REALTY GROUP ANNOUNCES FLAT FEE LISTING SERVICE FOR $750 IN COLLIN COUNTY. Here is what you can expect:
A professional opinion of your home’s condition and marketability A copy of “Preparing Your Home for Sale” guide
A Comparative Market Analysis (CMA) for your home – to help you set a selling price
Your home listed [...]