Watch out for potential pitfalls when buying a home!

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Are you a home buyer looking for a home? There are many pitfalls that you need to avoid while searching. A good Realtor (like myself!) can help you avoid these red flag items during your home search. For instance, a heavy, overpowering scent in a home could mean that the seller is trying to hide something, such as a mold problem, pet damage, or even a sewer problem! To learn about more things to look out for, check out this article/video:

Warning Signs to Watch For When Buying a Home

Call me at (214) 909-8008 to help you find a home!


I am a Neighborhood Favorite REALTOR®!

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I am proud to have been selected as Neighborhood Favorite REALTOR® on Nextdoor! If you haven't joined Nextdoor yet, please click the following link - it's FREE!
 
 

Where is the Housing Market Headed?

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After the past recessions that have hindered the housing market, many people are wondering where the housing market may be headed in the next few years. While there are various opinions on the exact direction and the time frame that corresponds to the outcome, there are several factors that give us a pretty intelligent indication of where the real estate market for housing is headed.

According to Mark Boud, chief economist for Metrostudy, residential housing starts will continue a slow and steady climb between now and 2020 when the number of new single family housing units will reach 1.45 million units. This number will finally be equal to the housing industry's long-term yearly average. He also forecasts the following:

  • The national housing market will continue to remain under-supplied (as it is currently) through 2020.
  • The market is overloaded with higher-priced housing and an overt shortage of lower-priced "starter" homes.
  • Most markets should see a continuing opening for land purchases and developments in the next two years.
  • Overall, the price of housing is still overvalued somewhat, although not as much as the years prior to the last housing recession.

For a more detailed breakdown by Mr. Boud, please view his full forecast here:

Housing Forecast


What Does the Future Real Estate Client Look Like?

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Recent findings from the Pew Research Center show how demographic forces are driving population changes and reshaping how we live:
 
~ Fewer Americans are married. Only half of U.S. adults today are married, down from 70% in 1950. The increase in unmarried adults was greatest in those ages 50 and older—75% in the same time span—reflecting the rising divorce rate for the age cohort.
 
~ More generations are living together. There are nearly 61 million multi-generational households in the U.S. as of 2014, which includes two or more adult generations or grandparents and grandchildren. Growing Asian and Hispanic populations, which are more likely to live in multi-generational households than whites, explain some of the rise.
 
~ Women might never make up half the workforce. Women represented 46.8% of the U.S. labor force in 2015, but the Bureau of Labor Statistics projects the share of women in the workforce will peak at 47.1% in 2025 before tapering off. The gender pay gap is closing, however, and is even narrower for young adults, with working women ages 25 to 34 making 90% of what their male counterparts made.
 
~ Immigrants are driving workforce growth. Growth in the U.S. working-age population (ages 25 to 64) will be driven by immigrants and their U.S.-born children through 2035 because of a lack of U.S. born children with U.S. born parents. There would be 18 million fewer working-age adults in 2035 without immigrants.
 
~ The share of middle-income households is falling. In 2010, 59% of American adults lived in middle-income households—those with disposable incomes that are two-thirds to double the national median disposable income—down from 62% in 1991. The decline of middle-income households in the U.S. was mirrored across Western Europe, but most Western European countries had a larger share of adults in middle-income households that the U.S.
 
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Tom Hicks' Estate Hits the Market in Dallas

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Tom Hicks' home (largest estate in Dallas) has hit the market at $100 million! Do I have a buyer? :) The main house alone is 50,000+ square feet, and that doesn't include the fabulous guest house. There is also a huge recreation building with a full-size movie theater in the basement, perfect for entertaining throngs of friends or even strangers!The stove (from France) in the kitchen is worth $65K! No expense has been spared in the design and renovation of this gorgeous mansion.

What is your favorite feature about this home?

 

Tom Hicks - $100 Million Estate Hits the Dallas Market!


New Contemporary/Modern Designed Homes in Frisco!

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Do you prefer more contemporary, modern home designs but would still like to live in Frisco? You're in luck! Check out the model homes in Phillips Creek Ranch here in Frisco... these stunning homes by an Australian company are sure to delight!

If you would like to take a look at these in person, please call me at (214) 909-8008 for a showing or for more details!

Modern, contemporary designs in Frisco!


Frisco, Texas Makes the "Nice" List!

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Frisco, Texas makes the "nice" list! Another great reason to buy a home in the Frisco area... if you would like to find your dream home, call me today at (214) 909-8008. Read on to find out more about Frisco making the "nice" list:

Frisco, TX Makes the "Nice" List!

 


5 Helpful Tips for House Hunters - What You Need to Know!

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FIVE TIPS FOR HOUSE HUNTERS

The following tips can help homebuyers define their priorities and streamline the process of shopping for a home.

1 - Location matters. Location is a key consideration when choosing a home. Many factors can affect the desirability of a location including commute times to work, proximity to schools, and access to shopping, restaurants and other neighborhood attractions.

2 - List what you want in a home. You'll save hours of time if you decide early what features are most important. Your goal should be to find the right home without falling in love with one that may not suit your needs.

3 - Obtain a pre-qualification letter from a mortgage lender rather than guessing how much you are qualified to borrow. A buyer pre-qualified for a loan is often in a stronger negotiating position.

4 - Take good notes about the homes you visit. Turn your priorities into a personal checklist and use it to track the features of each property.

5 - A real estate professional can save a great deal of time and effort. Today's homebuyers have access to a wealth of information, but may not have a way to tailor it to their needs. That's where a real estate professional can be of great assistance.

If you need a Realtor to assist you, don't hesitate to contact me today! I will help you find your dream home, and have your best interests at heart.

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