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Want to Sell Your House Faster? Don’t Forget to Stage!

by Christie Cannon

Want to Sell Your House Faster? Don’t Forget to Stage! [INFOGRAPHIC] | MyKCM

Some Highlights:

  • The National Association of Realtors surveyed their members & released the findings of their Profile of Home Staging.
  • 62% of seller’s agents say that staging a home decreases the amount of time a home spends on the market.
  • 50% of staged homes saw a 1-10% increase in dollar-value offers from buyers.
  • 77% of buyer’s agents said staging made it easier for buyers to visualize the home as their own.
  • The top rooms to stage in order to attract more buyers are the living room, master bedroom, kitchen, and dining room.

The Christie Cannon Team provides a professional stager at no cost to our clients! Contact us today to learn more!

 

Christie Cannon | REALTOR
The Christie Cannon Team
Keller Williams Realty Frisco
972-215-7747
www.ChristieCannon.com

The #1 Reason to List Your House for Sale NOW!

by Christie Cannon

The #1 Reason to List Your House for Sale NOW!

The #1 Reason to List Your House for Sale NOW! | MyKCM

If you are debating whether or not to list your house for sale this year, here is the #1 reason not to wait!

Buyer Demand Continues to Outpace the Supply of Homes for Sale

The National Association of Realtors’ (NAR) Chief Economist Lawrence Yun recently commented on the current lack of inventory:

“Inventory coming onto the market during this year’s spring buying season – as evidenced again by last month’s weak reading – was not even close to being enough to satisfy demand. 

That is why home prices keep outpacing incomes and listings are going under contract in less than a month – and much faster – in many parts of the country.”

The latest Existing Home Sales Report shows that there is currently a 4.1-month supply of homes for sale. This remains lower than the 6-month supply necessary for a normal market, and 6.1% lower than last year’s inventory level.

The chart below details the year-over-year inventory shortages experienced over the last 12 months:

The #1 Reason to List Your House for Sale NOW! | MyKCM

Anything less than a six-month supply is considered a “seller’s market.”

Bottom Line

Let’s get together to discuss the supply conditions in our neighborhood so that I can assist you in gaining access to the buyers who are ready, willing, and able to buy right now!
 

 

Christie Cannon | REALTOR
The Christie Cannon Team
Keller Williams Realty Frisco
972-215-7747
www.ChristieCannon.com

 

Ready to Buy Your First Home?

by Christie Cannon

Are You Wondering If You Can Buy Your First Home?

Are You Wondering If You Can Buy Your First Home? | MyKCM

There are many people sitting on the sidelines trying to decide if they should purchase a home or sign a rental lease. Some might wonder if it makes sense to purchase a house before they get married or start a family, some might think they are too young, and still, some others might think their current incomes would never enable them to qualify for a mortgage.

We want to share what the typical first-time homebuyer actually looks like based on the National Association of Realtors’ most recent Profile of Home Buyers & Sellers. Here are some interesting revelations on the first-time buyer:

Are You Wondering If You Can Buy Your First Home? | MyKCMBottom Line

You may not be much different than many people who have already purchased their first homes. Let’s meet to determine if your dream home is within your grasp today!

 

 

Christie Cannon | REALTOR
The Christie Cannon Team
Keller Williams Frisco Realty
972-215-7747
www.ChristieCannon.com

 

3 Issues Facing Today's Real Estate Market

by Christie Cannon

3 Issues Facing Today’s Real Estate Market

3 Issues Facing Today’s Real Estate Market | MyKCM

Last week, the National Association of Real Estate Editors (NAREE) held their 52nd Annual Journalism Conference in Las Vegas, NV. Among the many highly anticipated sessions was one called “Top Ten Issues Affecting Real Estate™,” given by Joseph Nahas, Jr., Chair of the Counselors of Real Estate & Senior Vice President of Equus Capital Partners. 

The Counselors of Real Estate (CRE) “is an international organization of high profile property professionals which include principals of prominent real estate, financial, legal, and accounting firms as well as recognized leaders of government and academia.” 

Their annual “top 10” list spans any and all issues that could have an impact on the real estate market. This year, the list was broken up into “Current” and “Long-Term Issues.”

Today we’re going to focus on three of the five “Current” issues with a brief explanation of their impacts on the housing market today!

E-Commerce & Logistics

With promises of 2-day shipping no matter where you live, we are benefiting more now than ever before from the speed and ease-of-use of online retailers like Amazon. These e-retailers haven’t changed whether or not we buy certain items, but rather HOW we buy them!

Many traditional malls or big-box stores are being repurposed as warehouses or distribution centers for online retailers so that they can get their products out faster.

A Look to the Future: “Developers who are including experiences into their locations are the ones who will succeed. It’s about the experience and gaining something over just going to buy a product.”

Generational Change & Demographics

By now we’ve all heard that the millennial generation is the largest yet, just by sheer volume. The largest group of millennials turns 30 years-old in 2020. The average first-time homebuying age is between 30 and 32, depending on marital status. Real estate professionals will be inundated with more and more buyers as the years roll on. Nahas commented on this in his presentation, saying that,

“Too many developers have become dependent on making decisions based on baby boomer’s preferences.

The 75 million millennials are coming, and they will influence real estate and commerce even faster than the baby boomers in the 50s and 60s.”

Interest Rates & the Economy

The interest rate that you secure for your mortgage is a big factor in your monthly housing cost and in how much you ultimately pay for your home. According to Freddie Mac’s Primary Mortgage Market Survey, rates rose to 4.62% on a 30-year fixed rate loan last week.

The Federal Reserve also raised the federal funds rate for the second time this year. If unemployment continues to be at or near record lows, two more hikes are likely to come later this year.

Nahas added,

“Rising rates can be good and bad for the economy. Bad for borrowing money with additional costs, but good to control inflation and help grow the economy at a moderate pace.”

Bottom Line

If you are planning on buying and/or selling a home this year, let’s get together to help you navigate the conditions in your market and set you up for success.

 

 

Christie Cannon | REALTOR
The Christie Cannon Team
Keller Williams Realty Frisco
972-215-7747

www.ChristieCannon.com

Thinking About Renovating? Top 4 Improvements for ROI

by Christie Cannon

Top 4 Home Renovations for Max ROI [INFOGRAPHIC] | MyKCM

Some Highlights:

  • Whether you are selling your home, just purchased your first home or are a homeowner planning to stay put for a while, there is value in knowing which home improvement projects will net you the most Return On Investment (ROI).
  • Minor bathroom renovations can go a long way toward improving the quality of your everyday life and/or impressing potential buyers.
  • Upgrading your landscaping or curb appeal helps get buyers in the door. These upgrades rank as the 2nd and 4threnovations for returns on investment


Christie Cannon | REALTOR
The Christie Cannon Team
Keller Williams Realty Frisco
972-215-7747
www.ChristieCannon.com

Homeowners & Appraisers Are Starting to See Eye-to-Eye

by Christie Cannon

Homeowners & Appraisers See the Most Eye-to-Eye on Price in 3 Years

Homeowners & Appraisers See the Most Eye-to-Eye on Price in 3 Years | MyKCM

In today’s housing market, where supply is very low and demand is very high, home values are increasing rapidly. Many experts are projecting that home values could appreciate by another 5% (or more) over the next twelve months. One major challenge in such a market is the bank appraisal.

When prices are surging, it is difficult for appraisers to find adequate, comparable sales (similar houses in the same neighborhood that recently closed) to defend the selling price when performing the appraisal for the bank.

Every month in their Home Price Perception Index (HPPI), Quicken Loans measures the disparity between what a homeowner who is seeking to refinance their home believes their house is worth and what an appraiser’s evaluation of that same home is.

March 2015 marked the first month of a three-year gap between what an appraiser and a homeowner believed a home was worth. That gap widened to 2.65% in September 2015 and had consistently hovered between 1.0% and 2.0% through November 2017.

The chart below illustrates the changes in home price estimates over the last three years:

Homeowners & Appraisers See the Most Eye-to-Eye on Price in 3 Years | MyKCM
In the latest release, the disparity was the narrowest it has been since March 2015, as the gap between appraisers and homeowners was only -0.33%. This is important for homeowners to note as even a .33% difference in appraisal could equate to thousands of dollars that a buyer or seller has to come up with at closing (depending on the price of the home).

Bill Banfield, Executive VP of Capital Markets at Quicken Loans urges homeowners to find out how their local markets have been impacted by supply and demand: 

“The appraisal is one of the most important, although sometimes least predictable, parts of the mortgage process. The Home Price Perception Index is a way to illustrate the differences of opinion, and these differences affect everything from the type of mortgage a borrower can get to the expectations a seller has about the proceeds available upon sale of their home."
 

Bottom Line

Every house on the market must be sold twice; once to a prospective buyer and then again to the bank (through the bank’s appraisal). With escalating prices, the second sale may be even more difficult than the first. If you are planning on entering the housing market this year, let’s get together to discuss this and any other obstacles that may arise.

 

Christie Cannon | REALTOR
The Christie Cannon Team
Keller Williams Realty Frisco
972-215-7747
www.ChristieCannon.com

What Can Interest Rates Do to Your Purchasing Power?

by Christie Cannon

How Current Interest Rates Can Have a High Impact on Your Purchasing Power

How Current Interest Rates Can Have a High Impact on Your Purchasing Power | MyKCM

According to Freddie Mac’s latest Primary Mortgage Market Survey, interest rates for a 30-year fixed rate mortgage are currently at 4.61%, which is still near record lows in comparison to recent history!

The interest rate you secure when buying a home not only greatly impacts your monthly housing costs, but also impacts your purchasing power.

Purchasing power, simply put, is the amount of home you can afford to buy for the budget you have available to spend. As rates increase, the price of the house you can afford to buy will decrease if you plan to stay within a certain monthly housing budget.

The chart below shows the impact that rising interest rates would have if you planned to purchase a home within the national median price range while keeping your principal and interest payments between $1,850-$1,900 a month.

How Current Interest Rates Can Have a High Impact on Your Purchasing Power | MyKCM

With each quarter of a percent increase in interest rate, the value of the home you can afford decreases by 2.5% (in this example, $10,000). Experts predict that mortgage rates will be closer to 5% by this time next year.

Act now to get the most house for your hard-earned money.

 

Christie Cannon | REALTOR
The Cannon Team
Keller Williams Realty Frisco
972-215-7747
www.ChristieCannon.com

Kevin Cannon with Zach Sams on Working Title RADIO Show

by Christie Cannon

Zach Sams of Kensington Vanguard sat down with Kevin Cannon, Keller Williams Team Leader & owner at The Christie Cannon Team, to talk about up and coming REALTORs in the DFW area and how Kevin's managed to stay on top of the competition in the ever-expanding market in the Metroplex.

LPGA Tour Comes to The Tribute & Old American Golf Course

by Christie Cannon

Gorgeous custom homes & stunning sunsets in a lake setting are not the only things that The Tribute has to offer!  Starting this week, Volunteers of America will be hosting the LPGA Texas Classic at The Old American Golf Club in The Tribute!  

Savor Dallas partnered with the Tour & Dallas' best celebrity chefs & local restaurants to present a Tasting Village.  This unique experience will offers a taste of TX's best flavors as well as local & national craft breweries, wine, & spirits!

Tickets are available here: https://www.voatexaslpga.com/tickets/

EVENT SCHEDULE:

 

Monday, April 30th

GATES CLOSED

All Day                              Practice Rounds

12:00pm Shotgun           Crew Dallas Classic Pro-Am

1:00pm Tee Times          Monday Qualifier, Hurricane Creek Country Club

 Tuesday, May 1st
8:00am – 4:00pm          Gates Open

All Day                               Practice Rounds, Old American Golf Club

6:30pm                               Official Pairings Party, Omni Frisco

 

Wednesday, May 2nd 
7:00am – 4:00pm          Gates Open

7:00am – 9:10am           Official Pro-Am Morning Wave

12:20pm – 2:30pm        Official Pro-Am Afternoon Wave

 

Thursday, May 3rd 
7:00am – 4:00pm          Gates Open

7:00am – 9:00am           First Round Morning Tee Times

9:30am – 12:30pm         Television Coverage, The Golf Channel

12:00pm – 2:00pm         First Round Afternoon Tee Times

 

Friday, May 4th  
7:00am – 4:00pm          Gates Open

7:00am – 9:00am           Second Round Morning Tee Times

9:30am – 12:30pm          Television Coverage, The Golf Channel

12:00pm – 2:00pm          Second Round Afternoon Tee Times

2:00pm – 6:00pm            Tasting Village presented by Savor Dallas

 

Saturday, May 5th

8:00am – 4:00pm          Gates Open

8:25am – 2:45pm            Third Round Tee Times

2:00pm – 6:00pm           Tasting Village presented by Savor Dallas

4:30pm – 7:00pm            Television Coverage, The Golf Channel

 

Sunday, May 6th

8:00am – 4:00pm         Gates Open

8:25am – 2:45pm          Final Round Tee Times

4:30pm – 7:00pm          Television Coverage, The Golf Channel

Following Play                 Awards Ceremony, 18th Green

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.

Displaying blog entries 1-10 of 210

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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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