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Interest Rate Changes can Cost Huge!

by Christie Cannon

The Cost of Waiting to Purchase on Interest Rates

The Cost of Waiting: Interest Rates Edition [INFOGRAPHIC] | MyKCM

Some Highlights:

  • Interest rates are projected to increase steadily heading into 2019.
  • The higher your interest rate, the more money you end up paying for your home and the higher your monthly payment will be.
  • Rates are still low right now. Don’t wait until rates hit 5% to start searching for your dream home!

If you are looking to find out more information about the local North Dallas Real Estate Market, please give us a call.  We would be delighted to answer your real estate questions.  Likewise, we would be happy to refer a quality local lender to answer your mortgage questions!

Christie Cannon | Keller Williams Frisco | 469-951-9588

Christie Cannon Featured on The Working Title Podcast

by Christie Cannon

Christie Cannon was recently featured on The Working Podcast with Zach Sams of Kensington Vanguard.  In case you missed it, please find the entire podcast below and be sure to check out Christie on American Dream TV. 

Zach invites Christie Cannon of the Christie Cannon Team with Keller Williams on to the show to talk about the modular design of her full-suite team and their uncanny ability to cement themselves as one of the top Real Estate teams in the often unpredictable Dallas/ Fort Worth market year after year before digging into her upcoming segment on The American Dream TV and how she'll be filling home sellers in on the secret to selling without spending a dime this Saturday (March 3rd, 2018) at 1pm on TXA 21. For more about Christie and her team, visit www.christiecannon.com.

The Christie Cannon Team is Proud to be CACC 2018 Gala Sponsor

by Christie Cannon


 

We at The Christie Cannon Team of Keller Williams Frisco are thrilled & blessed to be a sponsor for the Children's Advocacy Center of Collin County's 2018 Gala.  This years Gala is "Deep in the Heart of Collin County" and will feature country music star Jake Owen! Enjoy music, food, drinks, a silent auction, & a new Lexus Raffle all in support of the mission of Children's Advocacy Center of Collin County - providing safety, healing, and justice to children victimized by abuse and neglect.

We hope to see you there!  Please click the links above or below to find out details of how you can support this amazing & critical institution.   http://www.caccollincounty.org/gala

Join us for Gala 2018 

on 

March 24th, 2018


at

TheStar_resize for web

Schedule of the Evening


6:00pm 
Registration opens | Cocktail reception | Silent auction opens

7:30pm 
Program begins

10:00pm
Jake Owen

How to Position your North Dallas Home for the Best Price

by Christie Cannon

One of the most common questions every homeowner wants to know is how to make sure they maximize their financial reward when selling their home. But how do you set yourself up to ensure that you receive the maximum value for your house?

Here are two keys to ensure that you get the highest price possible.

1. Price it a LITTLE LOWER 

This may seem counterintuitive, but let’s look at this concept for a moment. Many homeowners think that pricing their homes a little OVER market value will leave them with room for negotiation. In actuality, this just dramatically lessens the demand for your house (see chart below).

2 Ways to Get the Most Money from The Sale of Your Home | Simplifying The Market

Instead of the seller trying to ‘win’ the negotiation with one buyer, they should price it so that demand for the home is maximized. By doing this, the seller will not be fighting with a buyer over the price but will instead have multiple buyers fighting with each other over the house.

Realtor.com gives this advice:

“Aim to price your property at or just slightly below the going rate. Today’s buyers are highly informed, so if they sense they’re getting a deal, they’re likely to bid up a property that’s slightly underpriced, especially in areas with low inventory.”

2. Use a Real Estate Professional

This, too, may seem counterintuitive. The seller may think they would make more money if they didn’t have to pay a real estate commission. With this being said, studies have shown that homes typically sell for more money when handled by a real estate professional.

study by Collateral Analytics, reveals that FSBOs don’t actually save any money, and in some cases may be costing themselves more, by not listing with an agent.

In the study, they analyzed home sales in a variety of markets in 2016 and the first half of 2017. The data showed that:

“FSBOs tend to sell for lower prices than comparable home sales, and in many cases below the average differential represented by the prevailing commission rate.”

The results of the study showed that the differential in selling prices for FSBOs when compared to MLS sales of similar properties is about 5.5%. Sales in 2017 suggest the average price was near 6% lower for FSBO sales of similar properties.

Bottom Line

Price your house at or slightly below the current market value and hire a professional. This will guarantee that you maximize the price you get for your house.  To see what your home might be able to sell for, please click the link below! 

Free Home Price Estimation

 

Christie Cannon | The Christie Cannon Team | Keller Williams Frisco

469-951-9588 | www.ChristieCannon.com | 4783 Preston Rd # 300 Frisco TX

 

DFW 4th Quarter Housing Market

by Christie Cannon

In a recent survey conducted by Metrostudy, the 4Q17 DFW housing market is pushing into a “New Affordable” Market.  As production in the $200-300k range is ramping up. Based on the survey, Metrostudy concluded the following:

  •         Dallas-Fort Worth remains the top new home market in the country, with quarterly starts up 16.9% YoY.Builders started 33,243 homes in 2017.
  •         We are seeing a jolt of starts between $200,000 and $300,000; an exciting development in DFW’s new home market which has suffered an extreme shortage of affordable, new homes since 2013.
  •         The median new home price rose slightly to $328,400, an annual increase of only 1.9%. The median resale price climbed 8.4%, further narrowing the difference between new and resales prices. Currently, the delta between the median resale and new home price is 32.3%.
  •         If developers deliver the large number of lots under construction and builders supply homes below $300,000, 2018 could be a banner year for DFW’s new home market

Metrostudy concludes, if developers deliver the large number of lots under construction and builders supply homes below $300,000, 2018 could be a banner year for DFW’s new home market.  Read the full article here.

 

Christie Cannon | REALTOR
The Cannon Team
Keller Williams Realty Frisco
469-951-9588
www.christiecannon.com

Why You Need a Professional on Your Team When Buying a Home

by Christie Cannon

Why You Need a Professional on Your Team When Buying a Home

Why You Need a Professional on Your Team When Buying a Home | Simplifying The Market

Many people wonder whether they should hire a real estate professional to assist them in buying their dream homes or if they should first try to go through the buying process on their own. In today’s market: you need an experienced professional!

You Need an Expert Guide If You Are Traveling a Dangerous Path

The field of real estate is loaded with landmines; you need a true expert to guide you through the dangerous pitfalls that currently exist. Finding a home that is priced appropriately and is ready for you to move into can be tricky. An agent listens to your wants and needs, and can sift through the homes that do not fit within the parameters of your “dream home.”

A great agent will also have relationships with mortgage professionals and other experts that you will need in order to secure your dream home. 

You Need a Skilled Negotiator

In today’s market, hiring a talented negotiator could save you thousands, perhaps tens of thousands, of dollars. Each step of the way – from the original offer to the possible renegotiation of that offer after a home inspection, to the possible cancellation of the deal based on a troubled appraisal – you need someone who can keep the deal together until it closes.

Realize that when an agent is negotiating his or her commission with you, they are negotiating their own salary; the salary that keeps a roof over their family’s head; the salary that puts food on their family’s table. If they are quick to take less when negotiating for themselves and their families, what makes you think they will not act the same way when negotiating for you and your family?

If they were Clark Kent when negotiating with you, they will not turn into Superman when negotiating with the buyer or seller in your deal. 

Bottom Line

Famous sayings become famous because they are true. You get what you pay for. Just like a good accountant or a good attorney, a good agent will save you money…not cost you money.

 

Christie Cannon | REALTOR
The Cannon Team
Keller Williams Realty Frisco
469-951-9588
www.ChristieCannon.com

 


 

 
 

We Are a Proud Member of Keller Williams Luxury International

by Christie Cannon

​The Christie Cannon Team ​is a proud member of Keller Williams Luxury International powered by Keller Williams Realty.

 

#1 in DFW Luxury

#1 in North Dallas

#1 in the World

 

 

Christie Cannon | REALTOR
The Cannon Team

Keller Williams Realty Frisco
469-951-9588
www.ChristieCannon.com

Where Did Americans Move in 2017?

by Christie Cannon

Where Did Americans Move in 2017? [INFOGRAPHIC] | Simplifying The Market

Some Highlights:

  • Atlas Van Lines recently released the results of their annual Migration Patterns Survey in which they tracked their customer’s movement from state-to-state over the course of 2017.
  • Idaho held on to the top spot of ‘high inbound’ states for the 2nd year in a row followed by Washington.
  • The ‘outbound’ states seem to draw a line straight across the country from Connecticut to Wyoming

Christie Cannon | REALTOR
The Cannon Team
Keller Williams Realty Frisco
469-951-9588
www.ChristieCannon.com

What Impact Will the New Tax Code Have on Home Values?

by Christie Cannon

What Impact Will the New Tax Code Have on Home Values?

Every month, CoreLogic releases its Home Price Insights Report. In that report, they forecast where they believe residential real estate prices will be in twelve months.

Below is a map, broken down by state, reflecting how home values are forecasted to change by the end of 2018 using data from the most recent report.

What Impact Will the New Tax Code Have on Home Values? | MyKCM

As we can see, CoreLogic projects an increase in home values in 49 of 50 states, and Washington, DC (there was insufficient data for HI). Nationwide, they see home prices increasing by 4.2%.

How might the new tax code impact these numbers?

Recently, the National Association of Realtors (NAR) conducted their own analysis to determine the impact the new tax code may have on home values. NAR’s analysis:

“…estimated how home prices will change in the upcoming year for each state, considering the impact of the new tax law and the momentum of jobs and housing inventory.”

Here is a map based on NAR’s analysis:

What Impact Will the New Tax Code Have on Home Values? | MyKCM

Bottom Line

According to NAR, the new tax code will have an impact on home values across the country. However, the effect will be much less significant than what some originally thought.

 

 

Christie Cannon | REALTOR

The Cannon Team

Keller Williams Realty Frisco

469-951-9588

www.ChristieCannon.com

 

Dallas Tops List of Best Real Estate Markets in 2018

by Christie Cannon

Housingwire.com's 2018 forecast of the best Real Estate Markets in the US includes only 1 California city!  Viva Las Vegas for the number 1 spot! 

To prepare the list, REALTOR.com analyzed the economics, home sale data, new home & builder activity, & population trends to predict the top 10 markets in 2018 in the United States. 

Our very own Dallas TX real estate market is predicted to take the number 2 spot!  REALTOR.com believes that Dallas, with a median home price of $339,300, will enjoy a 6% increase in sales & 5.6% increase in price.  

For more information on our local real estate market, please contact us!

Christie Cannon | REALTOR
The Christie Cannon Team | Kw Realty
Keller Williams Frisco TX
469-951-9588
www.ChristieCannon.com

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Photo of Christie Cannon Real Estate
Christie Cannon
Keller Williams Realty
4783 Preston Road #300
Frisco TX 75034
972-215-7747
Fax: 214-853-4774
Keller Williams Frisco - The Christie Cannon Team - http://www.christiecannon.com

 

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