Love your home, but not your location? Check out what happened when Plano's oldest home was facing destruction.
Built in 1861, the Collinwood House, was moved to Haggard Farm last week to protect the home's future. The City of Plano purchased the home's previous location with the intent of turning the Collinwood Farm into a city park. After a city bond intended to restore the property was declined by voters last year, the property was facing likely destruction. The home was purchased by one of Plano's founding families, the Haggards, whose plan is to restore the property the frontier property
OutRun Homelessness 5K & Fun Run will be Saturday, October 27, 2018.
It is that time of year again!
Collin County Cares' 5K & Fun Run
Saturday | 27 October | Costumes Encouraged
Great fun for a great cause....
The Collin County Cares' Fun Run & 5K race in Plano TX is a race with over 1,000 runners whose primary goal is to help the homeless of Collin County secure a place to live, interview for a job, and stand on their own two feet. Last year the race proceeds totaled $68,087, which was distributed in entirety to 7 partner organizations who serve the homeless.
5K REGISTRATION
$25 Early Bird (through July 31)
$30 Pre-Race (August 1 - 31)
$35 Race (September 1 – October 27)
FUN RUN REGISTRATION
$20 Pre-Race (July 1 - August 30)
$25 Race (September 1 - October 27)
SLEEP-IN OPTION
Support the cause without sweating and get a Race Day T-Shirt!
Buying Is Now 26.3% Cheaper Than Renting in the US
The results of the latest Rent vs. Buy Report from Trulia show that homeownership remains cheaper than renting, with a traditional 30-year fixed rate mortgage, in 98 of the 100 largest metro areas in the United States.
In the six years that Trulia has conducted this study, this is the first time that it was cheaper to rent than buy in any of the metropolitan areas.
It’s no surprise, however, that those two metros are San Jose and San Francisco, CA, where median home prices have jumped to over $1 million dollars this year. Home values in San Jose have risen 29% in the last year, while rents have remained relatively unchanged.
For the 98 metros where homeownership wins out, 97 of them show a double-digit advantage when buying. The range is an average of 2.0% less expensive in Honolulu (HI), all the way up to 48.9% in Detroit (MI), and 26.3% nationwide!
Below is a map of the 100 metros that were studied. The darker the blue dot on the metro, the cheaper it is to buy there.
In order to calculate the true cost of renting vs. buying, Trulia includes all assumed renting costs, including one-time costs (like security deposits), and compares them to the monthly costs of owning a home (insurance, mortgage payments, taxes, and maintenance) including one-time costs (down payments, closing costs, sale proceeds). They also assume that households stay in their home for seven years, put down a 20% down payment, and take out a 30-year fixed rate mortgage. The full methodology is included with the study results here.
Below is a chart created with the data from the last six years of the study, showing the impact of the median home price, rental price, and 30-year fixed rate interest rate used to calculate the ‘cheaper to buy’ metric.
In 2016, when buying was 41.3% less expensive than renting, the average mortgage rate was the driving force behind the difference. Rates this year are the highest they have been in six years which has narrowed the gap, all while home price appreciation has also been driven up by a lack of homes for sale.
Cheryl Young, Trulia’s Chief Economist, had this to say,
“One point deserves emphasizing: The ultra-costly San Francisco Bay Area is not a harbinger for the nation as a whole. While renting may outweigh buying in San Jose and San Francisco, it is unlikely that renting will tip the scales nationally anytime soon.”
Bottom Line
Homeownership provides many benefits beyond the financial ones. If you are one of the many renters out there who would like to evaluate your ability to buy this year, let’s get together to find your dream home.
Christie Cannon | REALTOR
The Christie Cannon Team
Keller Williams Realty Frisco
972-215-7747
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.
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!
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.
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
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).
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.
A 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!
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
