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Monday, 26 July 2010
You had a hunch there was something better out there, and this is IT! Sundrenched home on a large corner lot, with 3 spacious bedrooms & many upgrades! You won’t be disappointed!
Details here!
Call us today to be among the first to see it!
Helping your find your home is our goal,
Getting you through the process is our expertise!
Thursday, 10 June 2010
Enjoy a lifestyle of elegance and privacy in this stunning move-in ready home! Spacious and open floor plan with 5 bedrooms and 4 baths and a sparkling pool and spa!
Located in Plano’s Stoney Hollow community, this home will exceed your expectations! The seller says, bring an offer!!!
3825 Wintergreen Drive
Contact us to see it for yourself!
Helping you find your home is our goal.
Getting you through the process is our expertise.
Reechia & Keith Powell
Plano Real Estate
Thursday, 27 May 2010
Saturday, May 29, 2010 & Sunday, May 30, 2010
1:00 pm – 5:00 pm
Join us to see this amazing home! Many upgrades, lovingly maintained and looking for new owners! Located in a wonderful community in Plano!
3616 Trail Walker Drive, Plano
See you there,
Reechia & Keith
Helping you find your home is our goal
Getting you through the process is our expertise!
Plano Texas Real Estate
Wednesday, 10 February 2010
Sellers in Plano, TX are enjoying a consistent market, even during the holiday season. When we compare sales between December 2009 and January 2010 it is obvious it is a seller’s market. Over 100 homes sold in January, many more than the other areas we track. The average sold price and price per square foot increased with January sales. Days on market did increase slightly but remains under 2 months!
Traditionally January Real Estate can be slow, and even though fewer homes sold the prices remained fairly constant!
Our market remains steady and with the expanded tax credit it is a great time to purchase a home. To qualify for the tax credit you need to have a home under contract before April, which will be here before you know it! Call us and we can help you find your dream home and take advantage of the tax credit!
For Plano in January 2010
Sold Properties:
102 homes sold
Average List Price $297,715
Average Sold Price $288,435
Average Price Per Sq Ft $101
Average Days on Market 75
Thursday, 21 January 2010
As we look toward the New Year we wonder what will the real estate market do? Let’s first take a moment to reflect on the past 6 months. Often reviewing what we just finished helps us prepare for the future.
Single Family Home sales in Plano, Texas were very consistent for the final half of 2009. · Average List Price $266,889
· Average Sold Price $258,033
o 4% difference between list price and sold price!
· Average Price Per Square Foot $93
· Average Days on Market 60
These stats tell us that homes sold on a consistent and reasonable basis. Not quite what the media would have you believe is it?
We are here to assure you that people are buying homes and they are selling for a fair and reasonable price!
The government tax credit has been extended and expanded – it is a GREAT time to buy a home!
Thursday, 14 January 2010
A wonderful home with an incredible price and stunning upgrades!
· 4 bedrooms
· 3 Baths
· 2 Car Garage
· Park-like Yard
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Sound like the home you are looking for? You will be so happy to see this wonderful home in Plano’s highly desired Stoney Hollow Community! Check it out here
Call us and we will show it to you personally -
Keith & Reechia
214.649.4823
Monday, 11 January 2010
Are you looking for a custom home in Plano? Well, we have a new listing that fits the profile!
3621 Trail Walker Drive is a Kensington custom home located in the highly desired community of Stoney Hollow! This beautiful & spacious home offers 3 bedrooms, two living areas, and numerous upgrades!
Give us a call and we will be happy to give you a personal tour of 3621 Trail Walker Drive.
Keith & Reechia Powell
214.649.4823
Plano Real Estate
Thursday, 19 November 2009
Plano real estate has remained steady with some interesting and slight changes. In July over 300 homes sold, since then the number of homes sold has decreased each month. However the days on market and price per square foot has barely changed! Plano continues to enjoy the least amount of days on the market for this area. We expect the market to continue in a steady fashion due to the recent government tax credit.
For Plano in September – Sold Properties:
257 homes sold
Average List Price $264,670
Average Sold Price $256,733
Average Price Per Sq Ft $94
Average Days on Market 59
October – Sold Properties
242 homes sold
Average List Price $249,894
Average Sold Price $241,793
Average Price Per Sq Ft $91
Average Days on Market 62
Click here to review July & August stats.
Wednesday, 23 September 2009
Plano saw a steady number of homes sold during the “summer season”. The average sold price decrease slightly, however homes sold for an average of 96% of the list price (that figure stayed very steady). Price per square foot and number of days on the market were consistent. Plano enjoys the lowest number of days on the market. Remember this is the largest area we review, therefore the price range and style of homes varies significantly.
For Plano in July – Sold Properties:
329 homes sold
Average List Price $274,772
Average Sold Price $265,764
Average Price Per Sq Ft $94
Average Days on Market 60
August – Sold Properties
284 homes sold
Average List Price $260,047
Average Sold Price $251,401
Average Price Per Sq Ft $90
Average Days on Market 63
First time buyers – the clock is ticking and time is running out to take advantage of the $8,000 tax credit. Allen remains a great place to purchase your first home.
Friday, 21 August 2009
The tax credit only applies to first-time home buyers. The law defines a "first-time" buyer as any buyer who has not owned a home within the previous three tax years. For married couples, the homeownership history of both individuals must meet this qualification.
The tax credit is only available for homes purchased between January 1, 2009, and December 1, 2009. For the purposes of this credit, the purchase date is the date when closing occurs and the title to the property transfers to the new home owner.
As long as the property is purchased by a qualified buyer for use as a principal residence, any type of home, including single-family detached homes, townhouses, condominiums and manufactured homes can qualify for the credit.
The tax credit does not have to be repaid provided that the buyers use the home as their principal residence for at least three years.
The full tax credit is only available for individuals with an adjusted gross income of up to $75,000 and for married couples with a combined adjusted gross income of up to $150,000. The tax credit phases out for anyone above those income thresholds.
The tax credit applies for up to 10 percent of the home's purchase price, with a maximum of $8,000. For example, a first-time buyer of a $50,000 home would be eligible for a tax credit of $5,000 while a buyer of a $150,000 home could receive a tax credit of a maximum of $8,000.
Call me today and we will start the process so you can be settled in your new home by the holidays!
Part 1
Part 2
Plano Real Estate
Thursday, 20 August 2009
In our last article we discussed how soon it will be too late to use the $8,000 tax credit for first time home buyers. Today we want to review things that may cause a delay in closing and being qualified for the credit.
Buying a home is a complicated process, and it is not unusual for purchases involving first-time buyers to take slightly longer than those involving experienced buyers. Some of the delays that first-time buyers may face over the coming months:
Competition with Other Buyers
While home may be selling at a lower rate than in years past, in many areas changes in inventory have created extremely competitive buying environments. Foreclosures or other homes with greatly lowered asking prices are particularly sought after, and in many cases investors are very active in the marketplace.
Disclosures & Contingencies
The seller is obligated to disclose any material facts about the property, including any property defects or any lawsuits regarding claim to ownership on the property. Disclosures can stall negotiations and delay the contract signing depending on their nature and severity. Contingencies (written clauses in the sales contract that give protection to both the buyer and the seller of a home) can also result in some delay in negotiation, particularly if the contingency requires the seller to make specific repairs.
Appraisal
The lender will arrange for appraisal of the property, which will include a thorough inspection of the home's interior and exterior. The appraiser's report will describe the physical characteristics of the property and comparable property values will be used to determine the value of the property. If the appraisal of the home's value is lower than the agreed upon sales price, the buyer's chance of loan approval can be in jeopardy. In addition, recently added rules for appraisers have been causing some delays based upon anecdotal evidence.
Loan Approval
While interest rates remain advantageous for buyers, lenders are being much more fastidious during the approval process. Obtaining pre-approval can help prevent many delays.
The Holiday Season
Buyers who submit an offer in mid-fall may likely run into another roadblock to a pre-December 1st closing date: the approaching holiday season. Closing a real estate sale requires the work and attention of a number of professionals; from real estate agents to attorneys to bankers. Like many Americans, it is not uncommon for individuals in these fields to use up vacation time in the last few weeks of November. Securing a closing date during Thanksgiving week may be something approaching miraculous.
Additional Delays for Short Sales and Foreclosures
Buyers who make an offer on a short sale property or bank-owned foreclosure may find that it takes a significantly longer time to receive a reply than expected. Overall, buying these types of properties is a longer process than buying homes listed on the market by individual owners.
Let’s get started today, call us and let us help you through the home buying process!
Reechia & Keith
Friday, 14 August 2009
While the economy continues to show signs of improvement and many housing markets are beginning to heat up, scores of would-be buyers are still waiting on the sidelines for further positive housing trends. But for first-time buyers, time is running short on the federal government's $8,000 tax credit.
Though the official expiration date of the credit is December 1, in reality on-the-fence buyers will need to make a decision one way or the other fairly soon. The reason: in order to qualify for the credit, the home purchase must close by December 1st. Merely having loan approval, an accepted offer or a signed contract won't be enough to qualify for the Housing and Economic Recovery Act.
Decision-Making Timeline - While each transaction is unique, closing a real estate deal is no speedy matter. On average, closing takes place 45 to 60 days after the date that the contract is signed. In order to meet the December 1st deadline, this would mean having a signing date in late September or early October. Those who consider the tax credit an important incentive but are still unsure about entering the market will need to make a decision one way or another before many more summer days pass.
To have any chance at finding a home and having an offer accepted by early October, buyers will want to wade into the home buying process right away. The immediate steps include making a final list of desired home attributes, scouting favorite neighborhoods and areas, starting the mortgage pre-approval process and beginning the home search process online.
Tuesday, 14 July 2009
Plano is different than the other areas we review each month, it is larger and therefore offers a wider variety of homes, the price range is also larger than the other areas.
For Plano in May – Sold Properties:
261 homes sold
Average List Price $253,284
Average Sold Price $244,413
Average Price Per Sq Ft $90
Average Days on Market 53
June – Sold Properties
288 homes sold
Average List Price $284,885
Average Sold Price $275,125
Average Price Per Sq Ft $97
Average Days on Market 59
As you can see things change from month to month, and in the Plano area things are increasing in the right areas (average sold price and price per square foot) and decreasing the right areas (days on market).
It’s obviously a good time to sell your Plano area home – call us and let’s talk about our marketing plan for your home!
Thursday, 04 June 2009
Learn How to Green your Lifestyle, Live Healthier & Save Money
June 8 6:30 pm – 7:30 pm
10 Steps to an Energy Efficient Home
Parkway Service Center
4120 W. Plano Parkway
$5/resident for each class
$9/non-residents
Registration is required -- go to www.planoparks.org
For more details call 972-769-4132 or email melissab@plano.gov.
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