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Open Houses on Sunday 2.17.08 in 75093
2008-02-16 01:00:00
OPEN HOUSES If you're in the market for a new home, trading up or just starting your house hunt, open houses are the best way to see what a neighborhood and homes look like. These downloads are PDF files for viewing or printing. You can see a photo of the property, general info plus times and directions.  This is a weekly blog feature so you can always find the new open houses every weekend in Plano, 75093.  These reports are from the MLS and all information is deemed reliable but not guaranteed.  Have a great weekend! Open Houses for 75093 on 2.17.08
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Foreclosures in Plano for 75024,75025 - 2.14.08
2008-02-14 19:25:00
More Plano Foreclosures If you are interested in foreclosures, here's a list from the North Texas Real Estate Information Systems, MLS. This week the foreclosure list includes Plano zip codes 75024 and 75025. The link is a PDF file to view or download, this is not all the foreclosures and the information is deemed reliable but not guaranteed. There are 19 foreclosed properties for your review.

Foreclosures in Plano for 75024,75025 - 2.14.08
2008-02-14 19:25:00
More Plano Foreclosures If you are interested in foreclosures, here's a list from the North Texas Real Estate Information Systems, MLS. This week the foreclosure list includes Plano zip codes 75024 and 75025. The link is a PDF file to view or download, this is not all the foreclosures but some that are available on the MLS. Information is deemed reliable but not guaranteed. Inspections will reveal whether to buy or not. There are 19 foreclosed properties for your review.

Pricing Trends for Plano
2008-02-12 18:46:00
Pricing Trends for Real Estate Lately there's been a lot of searches for pricing trends, I call it real estate rumbling, pricing really is local in real estate and you can't go by the news sources. Here's a chart that tracks the time lines from last April till now to give you an idea of where things are headed.  Good to know - if you're thinking of selling or buying. You can see all of Plano (black line) has fallen from it's high but gaining ground and has been steady despite all the doom and gloom about real estate. Median Price around $270K. Zip code 75093 in Plano (orange line) has a steady pattern but has bumped up in last few weeks.  Median Price around $565K. You can find homes above and below these prices, but this gives you an idea by city and zip code.  If you liked to see another Plano zip code let me know and I'll post it here.

Pricing Trends for Plano
2008-02-12 18:46:00
Pricing Trends for Real Estate Lately there's been a lot of searches for pricing trends, I call it real estate rumbling, pricing really is local in real estate and you can't go by the news sources. Here's a chart that tracks the time lines from last April till now to give you an idea of where things are headed.  Good to know - if you're thinking of selling or buying. You can see all of Plano (black line) has fallen from it's high but gaining ground and has been steady despite all the doom and gloom about real estate. Median Price around $270K. Zip code 75093 in Plano (orange line) has a steady pattern but has bumped up in last few weeks.  Median Price around $565K. You can find homes above and below these prices, but this gives you an idea by city and zip code.  If you liked to see another Plano zip code let me know and I'll post it here.

House Hunting Blitz - What did I see?
2008-02-11 22:51:00
Go Ahead - Reduce it now! ....cause it'll cost you more later. This weekend I looked at over 30 homes with 3 different clients, all in Plano zip codes 75023, 75025 and 75074.  When you go in that many homes you get a clue to what's going on in the market. Here's what I saw: over priced homes homes that needed updating or lots of work ($$$) foreclosures homes that have been on the market over 200 days The few homes that were nice were priced too high! Sellers often think that their home is worth more than you do and it's very common in this market. For January, Plano Real Estate sales were only down 9%, better compared to other cities in the DFW area.  But, pending sales (haven't closed yet) were also down 29%. Active listings are up by 6% and a 4.1 month supply of homes is almost up 19% from a year ago.  Days on markets has increased to 80 days a 33% increase from last year. Now, to be honest I have seem the inventory much higher than ...
More About: House , Blitz , Hunting

House Hunting Blitz - What did I see?
2008-02-11 22:51:00
Go Ahead - Reduce it now! ....cause it'll cost you more later. This weekend I looked at over 30 homes with 3 different clients, all in Plano zip codes 75023, 75025 and 75074.  When you go in that many homes you get a clue to what's going on in the market. Here's what I saw: over priced homes homes that needed updating or lots of work ($$$) foreclosures homes that have been on the market over 200 days The few homes that were nice were priced too high! Sellers often think that their home is worth more than you do and it's very common in this market. For January, Plano Real Estate sales were only down 9%, better compared to other cities in the DFW area.  But, pending sales (haven't closed yet) were also down 29%. Active listings are up by 6% and a 4.1 month supply of homes is almost up 19% from a year ago.  Days on markets has increased to 80 days a 33% increase from last year. Now, to be honest I have seem the inventory much higher than ...
More About: House , Blitz , Hunting

Open Houses for 75093 on 2.10.08
2008-02-09 15:45:00
Open Houses for Sunday-75093 There's lots of open houses for Sunday. Here's a list that agents post on the MLS for 75093. This isn't all open houses but quite a few to review. Open houses are an excellent way for buyers to get to know a neighborhood  and see how homes compare. List of Open Houses for 75093 on 2.10.08 The link is a PDF file with info, photo, directions and time. Looks like the weather going to be nice to start your hunt.
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Open Houses for 75093 on 2.10.08
2008-02-09 15:45:00
Open Houses for Sunday-75093 There's lots of open houses for Sunday. Here's a list that agents post on the MLS for 75093. This isn't all open houses but quite a few to review. Open houses are an excellent way for buyers to get to know a neighborhood  and see how homes compare. List of Open Houses for 75093 on 2.10.08 The link is a PDF file with info, photo, directions and time. Looks like the weather going to be nice to start your hunt.
More About: Open

What's Willow Bend Dollar Per SqFt?
2008-02-07 18:12:00
Willow Bend 6 Months Comps Every 6 months I post the dollar per sq ft of some West Plano neighborhoods. These stats are for August 2007 through January 2008. They are by square foot so you can get an idea of what buyers are willing to pay.  The market started to change the end of July so these stats are going to be more accurate based on the current trends. SQFT      & nbsp;          SOLD      & nbsp;      $PERSQFT <2499     &nb sp;      &n bsp;   2500-2900 3000-3499            1                  $121. 3500-3999            5                  $141. 4000-4499            9           &nbs...
More About: Dollar , Willow

What's Willow Bend Dollar Per SqFt?
2008-02-07 18:12:00
Willow Bend 6 Months Comps Every 6 months I post the dollar per sq ft of some West Plano neighborhoods. These stats are for August 2007 through January 2008. They are by square foot so you can get an idea of what buyers are willing to pay.  The market started to change the end of July so these stats are going to be more accurate based on the current trends. SQFT      & nbsp;          SOLD      & nbsp;      $PERSQFT <2499     &nb sp;      &n bsp;   2500-2900 3000-3499            1                  $121. 3500-3999            5                  $141. 4000-4499            9           &nbs...
More About: Dollar , Willow

Plano Real Estate Update - Year End
2008-02-05 21:06:00
Plano Market Pulse Activity for most recent month (Dec.) in all of Plano is below: You can see new listings were down 3.1% and sales down a disappointing 26.5%- although this number could be lower due to all real estate information not being posted by years end. Plano year to date sales were down 12.5% but average sales price was up 4.2% which shows the value of this marketplace. Two other factors to note is the sales to percent of list price is right around 95.7% and days on market has fallen from 72 days in 2006 to 61 days in 2007.  The current inventory in Plano is 1339 homes on the market, new listings have decreased but that is also typical for the time of year. Although this gives a glance into the market, the days on market has increased to 84 days by the end of Dec.  January stats will be out next few days and from my rough estimate - days on market has increased to 115 days and sales will probably be down around 19% from a year ago.  Prices are still com...
More About: Estate , Real Estate , Update , Real , Plano

Plano Real Estate Update - Year End
2008-02-05 21:06:00
Plano Market Pulse Activity for most recent month (Dec.) in all of Plano is below: You can see new listings were down 3.1% and sales down a disappointing 26.5%- although this number could be lower due to all real estate information not being posted by years end. Plano year to date sales were down 12.5% but average sales price was up 4.2% which shows the value of this marketplace. Two other factors to note is the sales to percent of list price is right around 95.7% and days on market has fallen from 72 days in 2006 to 61 days in 2007.  The current inventory in Plano is 1339 homes on the market, new listings have decreased but that is also typical for the time of year. Although this gives a glance into the market, the days on market has increased to 84 days by the end of Dec.  January stats will be out next few days and from my rough estimate - days on market has increased to 115 days and sales will probably be down around 19% from a year ago.  Prices are still com...
More About: Estate , Real Estate , Update , Real , Plano

Foreclosure Nightmare
2008-02-04 22:11:00
Real World Foreclosure s Here are a few photos of a foreclosure that's for sale in a nice neighborhood. Everything looks good from the front, but as soon as you enter there's disturbing visual clues.  Most of the time you think you can get a good deal on a foreclosure but it really depends what needs to be done or undone in a property.  You can tell on this one that the homeowners were distressed and angry about something. One thing about real estate is you usually always have a place to go to the bathroom. Not so here, they took the toilet, sink, tiles and everything.  What's up with that. Looks like a hammer or fist went through the cabinets...notice that a painting project was started. The only thing that was left in the kitchen was the sink and faucet. Looks like they needed help with color selections.  All foreclosures are different but most are vacant and have not been taken care of.  Even though this property was priced $40K under appr...
More About: Nightmare

Foreclosure Nightmare
2008-02-04 22:11:00
Real World Foreclosure s Here are a few photos of a foreclosure that's for sale in a nice neighborhood. Everything looks good from the front, but as soon as you enter there's disturbing visual clues.  Most of the time you think you can get a good deal on a foreclosure but it really depends what needs to be done or undone in a property.  You can tell on this one that the homeowners were distressed and angry about something. One thing about real estate is you usually always have a place to go to the bathroom. Not so here, they took the toilet, sink, tiles and everything.  What's up with that. Looks like a hammer or fist went through the cabinets...notice that a painting project was started. The only thing that was left in the kitchen was the sink and faucet. Looks like they needed help with color selections.  All foreclosures are different but most are vacant and have not been taken care of.  Even though this property was priced $40K under appr...
More About: Nightmare

Neighborhood Street View of Townhomes - Shops at Legacy
2008-02-02 12:26:00
Neighborhood Street Tours If you are not familiar with the Townhomes at the Shops at Legacy , here's a street view virtual tour of the first phase townhomes at Lundsford and Parkwood. A short walking distance to Bishop where most of the shops and restaurants are. You can see EDS and the beautiful grounds with fountain. Now, thanks to google maps you can see virtual neighborhoods of many properties, what a great way to sell your home!  To start the tour click the right arrow and go anyway you want.  Cool, Huh! Below is the intersection of Legacy and Parkwood, you can see how "Shops at Legacy" has been developed, there are more townhomes on the North side of Legacy.  There's also a couple of foreclosures.
More About: View , Neighborhood

Neighborhood Street View of Townhomes - Shops at Legacy
2008-02-02 12:26:00
Neighborhood Street Tours If you are not familiar with the Townhomes at the Shops at Legacy , here's a street view virtual tour of the first phase townhomes at Lundsford and Parkwood. A short walking distance to Bishop where most of the shops and restaurants are. You can see EDS and the beautiful grounds with fountain. Now, thanks to google maps you can see virtual neighborhoods of many properties, what a great way to sell your home!  To start the tour click the right arrow and go anyway you want.  Cool, Huh! Below is the intersection of Legacy and Parkwood, you can see how "Shops at Legacy" has been developed, there are more townhomes on the North side of Legacy.  There's also a couple of foreclosures.
More About: View , Neighborhood

Open Houses This Weekend for Plano 75093
2008-02-01 16:37:00
Open House Schedule Looks like the weather is going to be better this weekend, So here's a list of open houses for Sat.and Sun. in West Plano for 75093. Times are on info sheets.  This isn't all open houses but what has been entered on the MLS.  Click the link below for the list.  Happy Hunting! Open Houses in 75093 for 2/2 and 2/3.
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Open Houses This Weekend for Plano 75093
2008-02-01 16:37:00
Open House Schedule Looks like the weather is going to be better this weekend, So here's a list of open houses for Sat.and Sun. in West Plano for 75093. Times are on info sheets.  This isn't all open houses but what has been entered on the MLS.  Click the link below for the list.  Happy Hunting! Open Houses in 75093 for 2/2 and 2/3.
More About: Open , Weekend

Real Estate Marketing Online
2008-01-31 22:46:00
Your Home Online The Pitch Have you gotten much junk mail from agents or Realtors® lately? You know the Postcards that say "I sold this house in 10 days?" or a Brochure of MY listings! and How Great I Am. There's always a picture of the house and then a fabulous or bad photo of the agent or team that says... Call me now! To be honest, with the market being slower, I've received very little and guess what? I bet...you don't miss it either. Needless to say, they all look the same.  Even your sale sign in the yard is about the agent and the broker....It's called pull marketing, but does it really sell your home? The Truth The truth is... it sells the agent and the broker, not your house. SHH! I don't want to get in trouble, but it gives the agents leads and the broker recognition.  It's how agents are taught to market real estate.  Brilliant!   Not really. That's how it works but I don't think anybody tells you that. Pull marketing is...
More About: Marketing , Estate , Real Estate , Real Estate Marketing

Real Estate Marketing Online
2008-01-31 22:46:00
Your Home Online The Pitch Have you gotten much junk mail from agents or Realtors® lately? You know the Postcards that say "I sold this house in 10 days?" or a Brochure of MY listings! and How Great I Am. There's always a picture of the house and then a fabulous or bad photo of the agent or team that says... Call me now! To be honest, with the market being slower, I've received very little and guess what? I bet...you don't miss it either. Needless to say, they all look the same.  Even your sale sign in the yard is about the agent and the broker....It's called pull marketing, but does it really sell your home? The Truth The truth is... it sells the agent and the broker, not your house. SHH! I don't want to get in trouble, but it gives the agents leads and the broker recognition.  It's how agents are taught to market real estate.  Brilliant!   Not really. That's how it works but I don't think anybody tells you that. Pull marketing is...
More About: Marketing , Estate , Real Estate , Real Estate Marketing

What's the Average Days on Market and Price per Sqft in Plano vs Dallas
2008-01-31 19:06:00
Intelligence Charts - Dallas vs Plano When showing homes yesterday, it seems one of the first questions asked is how long a particular property has been on the market?  So here's a chart from our analytical friends at Altos that shows our two favorite cities, Dallas and Plano. Days on Market (DOM) has actually come down since mid September, right around 100 days for Dallas and 92 days for Plano. Next question is dollar per sq ft. since that 's how you buy a home. If you're considering Dallas vs Plano the take away is homes in Plano are newer and only 20 minutes form the core of downtown with an excellent public school system in place and well, the dollar per sq ft speaks for itself. See more charts on median price for Plano zip codes: 75093,75024 and 75025 here. Thanks, Scott for showing me how to do the new charts, I could be dangerous now with all this intelligence plus the MLS stats. info deemed reliable but not guaranteed
More About: Price

What's the Average Days on Market and Price per Sqft in Plano vs Dalla
2008-01-31 19:06:00
Intelligence Charts - Dallas vs Plano When showing homes yesterday, it seems one of the first questions asked is how long a particular property has been on the market?  So here's a chart from our analytical friends at Altos that shows our two favorite cities, Dallas and Plano. Days on Market (DOM) has actually come down since mid September, right around 100 days for Dallas and 92 days for Plano. Next question is dollar per sq ft. since that 's how you buy a home. If you're considering Dallas vs Plano the take away is homes in Plano are newer and only 20 minutes form the core of downtown with an excellent public school system in place and well, the dollar per sq ft speaks for itself. See more charts on median price for Plano zip codes: 75093,75024 and 75025 here. Thanks, Scott for showing me how to do the new charts, I could be dangerous now with all this intelligence plus the MLS stats. info deemed reliable but not guaranteed
More About: Price , Average

Real Estate Question of the Day - If I'm a lawyer representing myself,
2008-01-30 17:33:00
Do I get paid for writing my own contract? Do you have a real estate question?  Here's one we got last night that might be of interest if you are lawyer representing yourself. "If I'm a lawyer, do I get the 3% commission?" The answer is this: Yes, if you are a licensed lawyer in the state of Texas in good standing you are entitled to the commission, whatever that might be.  This is how the process should start... NOTE TO LAWYERS: In your initial contact with the listing agent of the property that you are considering, identify yourself as a licensed lawyer who will be representing yourself, writing your own contract, and expecting the buyers commission.  This way all parties are on the same page from day one and you set the stage for positive negotiations. When you write the contract you must disclose that you are a lawyer and write in the 3% paid by the broker that has the listing agreement. Now here's the fun part, if you are not part of the MLS yo...
More About: Estate , Question , Real Estate , Lawyer , Real

Real Estate Question of the Day - If I'm a lawyer representing myself, do I
2008-01-30 17:33:00
Do I get paid for writing my own contract? Do you have a real estate question?  Here's one we got last night that might be of interest if you are lawyer representing yourself. "If I'm a lawyer, do I get the 3% commission?" The answer is this: Yes, if you are a licensed lawyer in the state of Texas in good standing you are entitled to the commission, whatever that might be.  This is how the process should start... NOTE TO LAWYERS: In your initial contact with the listing agent of the property that you are considering, identify yourself as a licensed lawyer who will be representing yourself, writing your own contract, and expecting the buyers commission.  This way all parties are on the same page from day one and you set the stage for positive negotiations. When you write the contract you must disclose that you are a lawyer and write in the 3% paid by the broker that has the listing agreement. Now here's the fun part, if you are not part of the MLS yo...
More About: Estate , Question , Real Estate , Lawyer , Real

Dallas and Plano are not part of the housing slump
2008-01-29 19:00:00
Dallas & Plano Are Not Part of the Housing Slump That's Starting to Hit Stronger Cities per WSJ "Where Housing Is Headed" Supply grows, prices weaken, credit tightens, consumer confidence and depressing prices even in places - such as the Pacific Northwest that had avoided the housing slump affecting most of the country until now - look vulnerable to a slowdown. The WSJ article of 1.24.08  Housing Slump to Hit Stronger Cities shows local markets around the country still vary greatly from their quarterly survey of housing data in 28 major metropolitan areas. As we all know inventories in of unsold homes are huge in most of Florida, Phoenix, Las Vegas, and the Detroit area. The article goes on to state that the the number of homes listed for sale in Boston and Denver declined last year, but as a REALTOR in DALLAS/PLANO the good news is they were flat in DALLAS. So the proverbial $64,000 question being asked by everyone is  "Where is...
More About: Dallas

Dallas and Plano are not part of the housing slump
2008-01-29 19:00:00
Dallas & Plano Are Not Part of the Housing Slump That's Starting to Hit Stronger Cities per WSJ "Where Housing Is Headed" Supply grows, prices weaken, credit tightens, consumer confidence and depressing prices even in places - such as the Pacific Northwest that had avoided the housing slump affecting most of the country until now - look vulnerable to a slowdown. The WSJ article of 1.24.08  Housing Slump to Hit Stronger Cities shows local markets around the country still vary greatly from their quarterly survey of housing data in 28 major metropolitan areas. As we all know inventories in of unsold homes are huge in most of Florida, Phoenix, Las Vegas, and the Detroit area. The article goes on to state that the the number of homes listed for sale in Boston and Denver declined last year, but as a REALTOR in DALLAS/PLANO the good news is they were flat in DALLAS. So the proverbial $64,000 question being asked by everyone is  "Where is...
More About: Dallas

Foreclosure Houses for Sale in 75093 and 75024
2008-01-28 21:39:00
Foreclosure List for Far West Plano With all the foreclosures on the market and knowing they're hard to find, I went ahead and ran a search on foreclosures in 75093 and 75024. Here's a file to browse if you're looking to purchase.  Please know these are not all foreclosures, but ones that are entered in the MLS as such. There are many different stages that a property goes through before it's listed as a foreclosure and that takes a little more investigative work, but here's a brief report on what's for sale in 75093 and 75024. Lots of searches for this so hopefully this will help some real estate owned properties out there. Foreclosures in 75093, 75024 for 1.28.08
More About: For Sale , Houses , Sale , Foreclosure

Foreclosure Houses for Sale in 75093 and 75024
2008-01-28 21:39:00
Foreclosure List for Far West Plano With all the foreclosures on the market and knowing they're hard to find, I went ahead and ran a search on foreclosures in 75093 and 75024. Here's a file to browse if you're looking to purchase.  Please know these are not all foreclosures, but ones that are entered in the MLS as such. There are many different stages that a property goes through before it's listed as a foreclosure and that takes a little more investigative work, but here's a brief report on what's for sale in 75093 and 75024. Lots of searches for this so hopefully this will help some real estate owned properties out there. Foreclosures in 75093, 75024 for 1.28.08
More About: For Sale , Houses , Sale , Foreclosure

Open House Schedule for 75093
2008-01-25 17:45:00
Open House s for 75093 I know it's cold and wet, but if you're in the house hunting mood - here's a schedule of open houses this Sunday 1.27.08 in 75093. This is not all open houses but what has been entered on the MLS. Link is PDF file with photo, info and directions... Open House s for 75093
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