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Plano Real Estate Blog
Advice,Opinion,Trials,Tribulations of the Dallas Real Estate Market and Community Resource Guide


Saturday, 10 May 2008
Open Houses for Sunday   

Open Houses for Sunday

Open Houses for Sunday

Happy Mother's Day!


For some reason there were only 2 Open Houses
in 75093.  So, I expanded the list to include Frisco,
75034.  Mom's must be entertaining at home.

7 properties for your review in a handy PDF file.

If you are interested in the Park Cities and Vicinities,
there are 22 open houses here. Just in case Mom
wants to go for a drive.  Enjoy!

[where:75093, 75034, 75205,75225, open houses]
POSTED BY: Terry Smith - Dallas Real Estate Gal AT 03:25 pm   |  Permalink   |  Comments   |  E-mail this
Friday, 09 May 2008
Friday's Foreclosures in West Plano   

Foreclosures in 75093,75024,75025


Foreclosures in West  Plano

It's Friday and that means foreclosures,  I'll be glad
when there aren't so many.

List this week is for 75093,75024,75025.

27 properties for your review in some great neighborhoods.

One thing about foreclosures is you need to know the real value of a home.
Many lenders still have properties priced too high. 
Others have come down in order to sell.

You should be buying a foreclosures at 20%-30% off market value.

Many new homes were targeted by lenders and others because you could
bump the appraisal value up, that is all over the country and that's why
there are a lot of foreclosures in Kings Ridge.

Enjoy the great weather and Happy Mothers Day!

[where:75093, 75024,75025, West Plano, foreclosures]

POSTED BY: Terry Smith - Dallas Real Estate Gal AT 08:26 am   |  Permalink   |  Comments   |  E-mail this
Thursday, 08 May 2008
Real Estate Update and Plano Numbers   

April Real Estate Stats for Plano

Plano Real Estate Update for Plano

Big numbers for April came out today from NTREIS (North Texas Real Estate Information
System) that's the official name for the MLS.

The big picture is Dallas sales were down 11% from last year, dollar volume down 12%
and pending sales down 26%.

Not so tragic, compared to past 4 month but the pending sales are the future sales that
are in escrow to close, so you can figure that May is going to be off too.

Let's look at Plano - much better shape...Area 20 is Plano.

Plano Sales for April


What's important to look at: Dollar Volume up 3% over last year, Average Price up 18%
and Median Price up 12%.

Even though sales were down 12% - the value of real estate has increased in the eyes
of the buyer!

This supports the theory as real estate has increased south of LBJ for the last 4 years,
appreciation will continue North as your dollar will buy more house in Plano, plus
Plano ISD is a major attraction.  This is happening in a down market!





Pending sales are down a disturbing 35% - New Listings are down -23% and Active Listings
down 13% - Months supply is 4.8, which is one of the lowest inventory levels in the metro
area.

To wrap this up, Plano prices are perceived of value and with inventories being lower, sellers
in great neighborhoods and schools could be in demand.

You see real estate is micro in any market, if your house is in good condition and updated
and you're ready to move, this could be the best time to sell.  Words of Wisdom and factual
opinion of course.

Plano Homes and Land is rolling out a new online marketing plan, if your interested,
It's a different real estate model for selling your home - Net List 1% - that's very cost efficient
for you.  To find out more click here.  a little bit of shameless promotion...

Don't Forget, Foreclosures are posted on Friday.

[where:75093, 75024,75025, Plano, market update]
POSTED BY: Terry Smith - Dallas Real Estate Gal AT 12:01 pm   |  Permalink   |  Comments   |  E-mail this
Wednesday, 07 May 2008
Learn about Money at FHA Mortgage Center   

Check out FHA Home Loan Now

FHA Home Loans

Real estate is one process and finding the money is another.
One thing I do on this site is provide educational information about
real estate and the processes to help you with the complicated
decisions that are involved.

If you're not familiar with FHA homes loans you can find out here.
This is another alternative for conventional loans and they have
recently raised the loan limits and it's good for first time home buyers.
(they have money to lend)

Refinancing is available too.

The link is always on the right hand sidebar of this site.

[where:75093, Plano, FHA, Mortgages]
POSTED BY: Terry Smith - Dallas Real Estate Gal AT 07:56 pm   |  Permalink   |  Comments   |  E-mail this
Wednesday, 07 May 2008
How's the Market in Plano?   

Inventory, New Listings and Days on Market

Stats come out on the the 8th of each month for the previous month. That's tomorrow -
but let's look at these charts today to get a bearing on what's happened in the last
year.  So here's some Altos charts regarding the market in Plano for single family homes
and all zip codes from an historical point of view.

Plano Inventory

You can see from this chart when the market started changing - last Sept. but
you have to take into consideration that's typically when the market slows down too.
Inventory is around 400 units off from last June, that's substantial.  Even when the
selection of homes is lower it does make pristine homes more valuable, even in a
buyers market.

Plano New Listings

New listings are down more than 50% - so if your targeting a certain neighborhood
your choices could be limited.  This is good for every seller, less competition...

Median Days on Market Plano

It's going to take about a month longer to sell your home from last year.   In this
market if you have a great house under 350K, excellent schools and location don't
be surprised if it's sells within a week - that's where the action is in Plano.  Just
because the market is soft doesn't mean you have to sell it for less, this is a micro
market in the big picture, but you still need to be in an acceptable price range for the
buyer.  Inventories are low and that gives an advantage to the sellers.  Condition,
location and neighborhood are key for this formula to work.

[where:75093, Plano, market update]
POSTED BY: Terry Smith - Dallas Real Estate Gal AT 08:13 am   |  Permalink   |  Comments   |  E-mail this
Tuesday, 06 May 2008
Buying Online   

Buying Online is Efficient and Private

Sq Ft Parcels by Neighborhood

It's becoming more the norm that people are buying homes online.

Here's a note from a seller we just received:

Dear Mr. Smith,

"Thank you for bringing me a very good buyer.
Hope we have the chance to work again in the near future."

Thanks Shelia


This particular buyer bought in two weeks!  Now that's unusually fast
but it does happen.

Most online buyers are either immediate or 3-6 months out.
Usually buyers search for homes, call or email from Plano Homes and Land.

There are many ways to start your hunt.  Some buyers will ask to see properties
that they have selected.  Sometimes we set up a separate search from
the MLS to specially target needs.

With the MLS TAX mapping capabilities we can edit out bad locations without
even going to see the properties, see more in photo above - you can also get the
Solds and Pendings on the Microsoft Virtual Earth. Then take a google street
view for a close in look
.

When buyers contact us they have been qualified and know what their price range
is.  Most times we email detailed info back and forth like tax info, many disclosures,
take more photos or videos.  And actually preview a property to see if the info is
correct or just a lot of marketing talk. That happens too!

Anyway it all saves time - more than likely we meet at the properties selected and
go from there. When it gets down to finally making a decision, you decide the price
strategy and we discuss, then we do electronic signatures by email, it's very private
and secure and very green - the less paper the better, everything is stored digitally
for you to access any time.

This is how it works with local buyers, with relocation, we take tours of your selected
neighborhoods and schools so you get a feel for the area.

With everything being online it's made it more efficient for the client and Realtor®.
It's more direct and better for the seller too.  The Internet is working in ways brokers,
and agents don't even realize. Very quietly...

[where:75093, Plano, buying online]
POSTED BY: Terry Smith - Dallas Real Estate Gal AT 10:28 am   |  Permalink   |  Comments   |  E-mail this
Monday, 05 May 2008
New Listings 75093    

New Listings 75093

Lots of good eye candy this week.

These listings are the freshest in West Plano,
from the last 7 days.

There are 25 brand new properties, prices are
from 159.9K to 5.4 Mil.  Most are in the community
of Willow Bend. Here's the list.

Subdivisions include:

Willow Bend Country, Creeks of Willow Bend, Willow Bend Lakes,
King Court of Willow Bend, Lakeside on Preston, Willow Bend North,
Shepards Glen, Parkbrooke and more...

[where:75093, Plano, New Listings]
POSTED BY: Terry Smith - Dallas Real Estate Gal AT 11:24 am   |  Permalink   |  Comments   |  E-mail this
Monday, 05 May 2008
What's Your Walk Score?   

Forget about the car and just walk...

With gas prices here to stay wouldn't it be nice not to have to drive!
So here's a new tech tool that rates how walkable your neighborhood is.

Dallas is a lot like LA, it's very spread out, so NO car is really NOT an option.

But if you live at The Shops at Legacy and work at EDS, you really don't
need a car.  Take a look at walk score, it's fun, not always right but gives
you an idea of what the available amenities and life styles are offered in
any U.S. neighborhood.  Something else to bookmark.

Shops at Legacy is the starting point on this walk score.
[where:75093, Plano, Shops at Legacy]
POSTED BY: Terry Smith - Dallas Real Estate Gal AT 01:00 am   |  Permalink   |  Comments   |  E-mail this
Sunday, 04 May 2008
What You'll See in Plano   

Horses, Highways, Houses and Shiny New Buildings

Momma Horse and foal

If you wonder what Plano is like, here's a typical site in West Plano.  Still open land, this is at
Corporate and the tollway on JCPenney property.  Beautiful horses and their foals, about 25
horses and 10 babies, I think we kind of take this for granted.  In the distance is the Dallas
North Tollway and Shops of Legacy - a stones throw away.  Just so you know there are
lots of SUV's and pick up trucks too but most the cowboys are in Ft. Worth.

[where:75093, Plano, Shops at Legacy]
POSTED BY: Terry Smith - Dallas Real Estate Gal AT 03:28 pm   |  Permalink   |  Comments   |  E-mail this
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Jerold & Terry Smith
TX Realtors®
License: #0476819 and #0490994
William Davis Realty
info@PlanoHomesAndLand.com
214.415.9829
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