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Frisco Community Parade 2014

by Christie Cannon

Saturday, November 8, 2014 at 10 am.

Frisco will be hosting it's annual Community Parade.  Attractions include Frisco Police and Fire vehicles, Frisco fire clowns, homecoming/forthcoming royalty of high schools, team mascots, representatives of Frisco’s professional sports teams, and floats and marchers from various civic and youth groups.  Come out and enjoy everything the parade has to offer!  More details can be found here.


Jerry Jones is Betting On Frisco ISD

by Christie Cannon

The new Dallas Cowboys World Headquarters and Training Facility, set to open in Frisco in 2016, will allow Frisco ISD football players to practice right alongside America's team.  

 

The driving force for Jerry Jones' plan is a marriage between America's team and Texas high school football.  The Frisco Independent School District will also have full run of the stadium when the Cowboys aren't in town.  Read more here...

Mortgage Rates are Falling

by Christie Cannon

Mortgage Rates have just dropped! Now is the time to get into that new home.  Call me today!



New Planned Development in Frisco

by Christie Cannon

Interest in Frisco has gone international!  Dubai-based, Invest Group Overseas, has announced plans for a $700 Million new development at the corner of the Dallas North Tollway and the future extension of John Hickman Parkway in Frisco.  The proposed project, The Gate, will be a 40.95 acre mixed use project just north of the new Dallas Cowboys Headquarters.  Full details can be found here.

Mortgage Prequal v/s PreApproval - all the same....right?

by Christie Cannon

Here is a question that we do get from time to time.... from both Sellers & Buyers:

A Mortgage PreQualification or PreApproval - pretty much same thing... right?

..... So we asked Derek Altoonian of the Marcel Deitrich Team with WR Starkey for their explanation....

So… what’s the difference between a Pre-Approval versus a Pre-Qualification and why does it matter?  In simply terms, the main difference between a pre-approval and a pre-qualification:  income and asset documentation.

A pre-approval means that the loan officer has pulled credit, and collected enough information to fill out a mortgage application to form the details of the loan to purchase a new home. Additionally, a buyer has furnished paystubs, tax returns, and asset statements that show their viability to be approved for a mortgage. We have even gone so far as to underwrite the borrower without a potential address to make sure that there are no “surprises” when the borrower’s “dream home” is found.

A pre-qualification is when a loan officer pulls credit to see if the buyer has a qualifying credit score, and gathers enough information through a verbal interview with the buyer to fill out a mortgage application to see how much buying power your client has. There is often zero documentation with a pre-qualification.

We believe the Pre-Approval is, obviously, much more meaningful to sellers in today's marketplace.  The more thorough analysis of the buyer’s income, assets and credit ensures the greatest chance that the pre-approved buyer will fund on the purchase. 

- The Deitrich Team - 972-672-3246 - www.marceldeitrich.com - WR STARKEY MORTGAGE, LLP NMLSR#2146

Thank you to Marcel & Derek. 

The "Take Away" - as a Buyer seeking every advantage in this low-inventory & competitive market, the extra work to achieve a Pre-Approval v/s a Pre-Approval may make all the difference to a savy Seller reviewing multiple offers!

- Christie Cannon

McKinney TX continues to seek airport expansion

by Christie Cannon

In case you missed the billboards & ads - McKinney is pushing hard to expand their share of the air! McKinney National Airport continues to court corporate & executive air travel seeking an alternative to Love Field's increased (& projected increases) in commercial traffic.  After McKinney's recent large investments in the expansion & updating of the former Collin County Regional Airport - now McKinney National Airport (TKI) - results are beginning to show! Monach Air anounced a lease of a large portion of the airport's hangar space & the airport was recently names in the 2014 Pilot's Choice Awards by Fltplan.com. 

More info can be found at flytki.com

Little Elm's latest new community - Union Park

by Christie Cannon

Hillwood's latest Little Elm development - a $600 Million+ venture - looks to be a stand out!  With the continued growth headed north, this community is positioned to compete among the renewed growth & expansion of the 380 corridor. The build-out expectation is 2,400 homes served by a 30-acre park, greenspaces, ponds, hiking/jogging trails, an amenity center, & ampitheater! 

The communty rendering can be found here!

Frisco, TX - Development Update!

by Christie Cannon

Frisco, TX - Want to know what is going on with the latest in Frisco's development & demographics... check out the Frisco Economic Development Council.  Their most recent presentation can be found here - offering the latest information on the Forest City development at 380 & the Tollway, Frisco Market Center, Grand park, Frisco Square & more!  - Still no solid information on Frisco's silo restaurant project by MDS Capital!

- Christie Cannon - 469-951-9588  -  www.christiecannon.com

Frisco's Old Grain Silos - a Future Attraction?

by Christie Cannon

Everything old is new again! - How cool is this idea..... MDS Capital continues to explore the concept they proposed back in April for Frisco's Grain Elevators (located on the North side of Main St - where Main intersects the Railroad Tracks) & their re-purposing the elevators into an entertainment & restaurant attraction!  The buildings where originally built in the 1940's & 1950's and played a key role in Frisco deep agricultural roots (more info can be found at www.FriscoHeritage.org).  

CBS offered an update last month, as the city & MDS Capital continued to advance their plans - their video can be found here.

 

UPDATED 3/8 2016  - A storm today knocked down / over one of the silos!

I Don’t Always Find a House I Like, but When I Do …..

by Christie Cannon

“Why is it….

By now we have all experienced it… House Today, Gone Tomorrow!  But why so fast?...  Sometimes the answer is obvious – the home is priced well, staged, well marketed, in a desirable area, low inventory, priced below FHA limits,… etc & thus moves quickly.   BUT what about that home that is 112 days on the market, you finally go look at it… make your offer & BOOM – multiple offers, or worse… the seller just accepted another offer!   That (my friends) is a whole other level of frustration… how odd that no-one bought it for all that time, until (seemingly) “we” get interested.  So why is it?

It is important to understand that often the very same market factors that “drove” you to that particular home are driving other buyers.  It isn’t hard to surmise that buyers are looking for the best home at the best price – but to see how that may play out in a home that seems more “market stale” than others, picture this same 112 “days on market” home for the last 100 days as having strong competition in surrounding homes. One with an award winning media room, one on a greenbelt, one almost new, one with massive updates, perhaps one a little less functionally obsolete, or maybe a few just priced less – all of these fall under contract, one after the other - until POOF, the 112 “days on market” house’s time has come. This isn’t to take away from the 112 “days on market” house, but simply to reflect that as competition falls off the market, simply due to scarcity of the inventory, the desirability of the 112 day home increases (this is especially true if new listings to the market continue to have price increases) - driving you & the other buyers towards the same home.

Even knowing this…. it still doesn’t make it feel any less like a conspiracy.

Stay "searching" my friends,

- Christie Cannon  -  469-951-9588  -  Christie@christiecannon.com

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Christie Cannon
Keller Williams Realty
5933 Preston Road #300
Frisco TX 75034
972-215-7747
Fax: 972-215-7748
Keller Williams Frisco - The Christie Cannon Team - http://www.christiecannon.com