Mark M. Hancock, GRI, MRP, AHWD
REALTOR, New Build certified
214-862-7212
DFWmark.com
#DFWmark #REALTOR #MarketWatch #InventoryGone #Lease #SellersMarket #SellNow #StrongDemand #BuyNow #EvictionMoratoriumBump
Friday, October 29, 2021
Market Watch - 29 Oct. 2021
Wednesday, October 27, 2021
Halloween Craft Card Work
Follow this link if you want to see a video of how to assemble the previous skeleton craft cards (this is the same process with a different "torso."
Mark M. Hancock, GRI, MRP, AHWD
REALTOR, New Build certified
214-862-7212
DFWmark.com
#DFWmark #REALTOR #Frisco #Halloween #Craft #treat #TreatHouse #pumpkin #jackolantern #orange
Sunday, October 24, 2021
Market Watch - 22 Oct. 2021
Since last week, New Listings, Under Contract and Pending were flat while Sold had a noticeable increase. However, the Sold houses this week are still less than last week’s drop, so it’s near flat for two weeks.
Meanwhile, interest rates have increased to 3.05% from 2.77% on Aug. 5. It still hasn’t hit the 3.18% peak from April 1, which followed the record low of 2.65% back in January.
Talk with your specific lenders, but in ballpark numbers, each 1% mortgage rate increase equals about 9% to 10% less buying power. A buyer with great credit can get a $400K house at 3% or about a $364K at 4%.
The lease market had only a few more enter the market than leave. The eviction moratorium bump appears to be waning. Expect shortages and price increases to continue for the foreseeable future. Also expect irrational offers over asking to become normal in the lease market as they have in the preowned market.
Mark M. Hancock, GRI, MRP, AHWD
REALTOR, New Build certified
214-862-7212
DFWmark.com
#DFWmark #REALTOR #MarketWatch #InventoryGone #Lease #SellersMarket #SellNow #StrongDemand #BuyNow #LowMortgageRates
Friday, October 22, 2021
Buttons Preparations
Mark M. Hancock, GRI, MRP, AHWD
REALTOR, New Build certified
214-862-7212
DFWmark.com
#DFWmark #REALTOR #metallic #button #promo #silver #gold #blue #green #pink
Tuesday, October 19, 2021
Market Watch - 15 Oct. 2021
Since last week, New Listings, Pending and Sold have decreased while Under Contract increased. The Sold number dropped by 450 units, which is most likely a supply issue.
Anecdotally, I know one properly marketed house in Frisco this week had 71 written offers and went under contract significantly over asking and expectations. With low loan rates, there is high buyer demand. While inventory is low, now is the time to sell!
The lease market tumbled this week. More houses entered the market than left, but the volume is down. Both Listings and Leased houses were down by about 200 since last week.
Please view or download my free House Seller Guide.
The increase probably resulted from the eviction moratorium ending. The simplest eviction properties to repair and list entered the market and are gone. More will trickle in as repairs are completed but expect the shortage to resume soon.
Mark M. Hancock, GRI, MRP, AHWD
REALTOR, New Build certified
214-862-7212
DFWmark.com
#DFWmark #REALTOR #MarketWatch #InventoryDrain #EvictionMoratorium #SellersMarket #SellNow #StrongDemand #BuyNow #LowMortgageRates
Friday, October 15, 2021
North Texas Annual Events
 |
| (c) Mark M. Hancock / DFWmark.com |
January
Jan 1.
DFW NYE (New Year’s Eve)
newyearsevelive.net/cities/dallas.html
Downtown Dallas
2nd week of Jan to first weekend in Feb.
Fort Worth Stock Show & Rodeo
817-877-2400
fwssr.com
3400 Burnett-Tandy Dr. Fort Worth
Celebrated between Jan. 21 and Feb. 20
Lunar New Year Festival
972-975-5100
asiatimessquare.com
Asia Times Square 2625 W. Pioneer Pkwy, Grand Prairie, TX 75051
February
Mid Feb - March depending on Easter date
West End's Mardi Gras Parade
214-741-7180
mardigrasdfw.com
1010 First Avenue Dallas
3rd weekend in Feb.
Dallas Autorama
248-373-1700
autorama.com
Dallas Market Hall; 2200 N Stemmons Fwy Dallas 75207
Dallas Autorama
248-373-1700
autorama.com
Dallas Market Hall; 2200 N Stemmons Fwy Dallas 75207
Last weekend of Feb. to 2nd weekend of April
Dallas Blooms
214-515-6500
dallasarboretum.org
Dallas Arboretum 8525 Garland Road Dallas
2nd full weekend in March
Russian Festival
214-483-5050
Volga Restaurant, 2515 E. Rosemeade Pkwy #401, Carrollton TX 75007
2nd weekend in March
Rattlesnake Roundup
325-235-3484
Nolan County Coliseum, Sweetwater TX (it's a long way, but you've got to go once)
held the Saturday before March 17
Greenville Avenue St. Patrick's Day Parade
214-757-9000
Greenville @ Blackwell St. to SMU Blvd., Dallas
April
1st weekend in April
Deep Ellum Arts & Music Festival
214-855-1881
Deep Ellum, Dallas
Held each Friday and Saturday in April - Sept.
Mesquite Championship Rodeo
972-285-8777
Mesquite Championship Resistol Arena; 1818 Rodeo Drive; Mesquite TX 75149
Weekends from April 1 through Memorial Day
Scarborough Faire
972-938-3247
2511 FM 66, Waxahachie, TX 75167
May
1st Full weekend of May
Cottonwood Arts Festival (spring)
972-744-4582
Cottonwood Park, 1321 W. Beltline Rd., Richardson
1st full weekend in May
Mayfest
817-332-1055
6115 Camp Bowie Blvd. Suite 160 Fort Worth
1st weekend of May
Texas Scottish Festival and Highland Games
800-363-7268
Maverick Stadium; 1307 West Mitchell Arlington
3rd weekend in May
Wildflower Arts & Music Festival
972-744-4580
Galatyn Urban Park, 2380 Performance Dr., Richardson
3rd full weekend in May
Grapevine Main Street Fest
817-410-3185
636 South Main Street Grapevine
June
1st weekend of June
Taste of Addison
972-450-2800
4970 Addison Circle, Addison TX 75001
2nd weekend in June
Taste of Dallas
214-693-2908
Dallas Market Hall, 2200 North Stemmons Freeway, Dallas, TX 75207
Occurs the last Saturday in June
Allen USA Celebration
214-509-4811
Celebration Park, Angel and Malone, Allen
Held last weekend in June
Celina Balloon Festival
972-382-3300
Old Celina Park; Celina; Texas
July
July 3 each year
Addison Kaboom Town
800-ADDISON
Addison Conference and Theatre Centre, 15650 Addison Road
July 4 weekend
Frisco Freedom Fest
972-292-5000
George A. Purefoy Municipal Center, 6101 Frisco Square Blvd., Frisco, TX 75034
July 4 each year
Richardson's Family 4th of July Celebration
Richardson's Family 4th of July Celebration
972-744-4583
Breckinridge Park (just south of the intersection of Renner and Brand roads), Richardson
Held middle two weekends in July
Dallas Summer Boat Show
469-549-0673
Dallas Market Hall, 2200 Stemmons Freeway, Dallas TX 75207
August
One week mid August
Dallas Auto Show
214-637-0531
Kay Bailey Hutchison Convention Center, 650 S. Griffin, Dallas
Last two weekends of Aug.
Last two weekends of Aug.
North Texas State Fair
940-387-2632
2217 N. Carroll Blvd., Denton TX 76201
Labor Day weekend. (weekend before 1st Monday in Sept.)
Westfest
254-826-5058
West Fair & Rodeo Grounds, West
September
Sept. - mid Oct.
Sept. - mid Oct.
Shakespeare Festival
214-559-2778
Samuell-Grand Park 1500 Tenison Dallas
1st weekend in Sept.
Riverfront Jazz Festival
214-743-2440
Dallas Convention Center, 1309 Canton St., Dallas TX 75201
Middle Weekend of Sept.
Addison Oktoberfest
972-450-2800
Mid Sept. weekend
Grapefest
800-457-6338
Main St, Grapevine, TX 76051
3rd full weekend of Sept.
Greek Food Festival
972-991-1166
Holy Trinity Greek Orthodox Church; 13555 Hillcrest Road Dallas
Each fall
Autumn at the Arboretum
214-515-6615
last weekend in Sept.
Plano Balloon Festival
972-867-7566
Oak Point Park, 2801 E. Spring Creek Parkway, Plano, TX 75074
3 weeks from the last weekend in Sept
State Fair of Texas
214-565-9931
3921 Martin Luther King Blvd. Dallas
October
1st full weekend of Oct.
Cottonwood Art Festival - Fall
972-744-4582
Cottonwood Park, 1321 W. Beltline Rd., Richardson
1st weekend in Oct.
Denton Arts and Jazz Festival
940-565-0931
Denton’s Quakertown Park and Facilities; 321 East McKinney Denton (Corner of McKinney and Bell)
Fri. & Sat. evenings Oct. 1-31
Screams Halloween Theme Park
972-938-3247
2511 FM 66, Waxahachie, TX 75167 (Scarboroorough Faire grounds)
3rd Sat. in Oct.
Butterfly Flutterby
800-457-6338
Grapevine Botanical Gardens at Heritage Park
Mid Oct. weekend
McKinney Wine & Music Festival
318-527-9221
mckinneywinefestival.com
Towne Lake Park, 1405 Wilson Creek Pkwy, McKinney, TX 75069
McKinney Wine & Music Festival
318-527-9221
mckinneywinefestival.com
Towne Lake Park, 1405 Wilson Creek Pkwy, McKinney, TX 75069
3rd weekend in Oct.
Huffhines Art Trails
972-744-4580
huffhinesarttrails.com
Huffhines Park, Plano at Apollo roads, Richardson
2nd from last weekend in Oct.
Alliance Air Show
817-890-1000
Fort Worth Alliance Airport, 2221 Alliance Blvd., Fort Worth TX 76177
Last weekend in Oct.
Boo at the Zoo (Fort Worth)
817-759-7555
1989 Colonial Parkway, Fort Worth TX 76110
New moon near Nov. 1
Diwali Mela
214-526-4423
dfwdiwalimela.com
DFW Indian Cultural Society, 3626 North Hall Street #910, Dallas, TX 75219
Diwali Mela
214-526-4423
dfwdiwalimela.com
DFW Indian Cultural Society, 3626 North Hall Street #910, Dallas, TX 75219
Last weekend in Oct.
Dallas Air Show
888-945-3008
wingsoverdallas.org
Dallas Executive Airport-RBD, 5303 Challenger Dr. Dallas, TX 75237
Last weekend in Oct.
All-Con
972-934-8400
all-con.org
Hilton Dallas Lincoln Centre, 5410 Lyndon B Johnson Fwy, Dallas 75240
All-Con
972-934-8400
all-con.org
Hilton Dallas Lincoln Centre, 5410 Lyndon B Johnson Fwy, Dallas 75240
November
Saturday before Halloween
Dia de los Muertos Festival
214-671-0045
Latino Cultural Center 2600 Live Oak Street · Dallas, TX 75204
4th Thurs. in Nov. (Thanksgiving Day)
Turkey Trot
214-954-0500
Dallas City Hall
December
1st 3 weeks of Dec.
Santa's Village
972-744-4580
411 W. Arapaho Rd., Richardson TX 75080
1st Sat. in Dec, lights continue through season
Merry Main Street
972-292-5000
George A. Purefoy Municipal Center, 6101 Frisco Square Blvd., Frisco, TX 75034
2nd weekend in Dec.
Dallas Marathon
214-800-2087
Dallas City Hall Plaza
Mark M. Hancock, GRI, MRP, AHWD
REALTOR, New Build certified
214-862-7212
DFWmark.com
#DFWmark #REALTOR #InformationOfValue #FreeBook #IOV #AnnualEvents #ThingsToDo #DFWActivities #events #NeverDull
Monday, October 11, 2021
House Seller Guide
Please read or download my no-cost, no obligation House Seller Guide (linked). I handle almost everything in the book for Sellers who work with me. It’s my goal to make all transactions as smooth as possible for my clients.
Stress is often created through “fear of the unknown.” I fixed that. This book is a great reference resource because I want my clients to be fully informed throughout the process. Nothing is a mystery. It’s all here. Plus, I’m always a call, text or email away.
Mark M. Hancock, GRI, MRP, AHWD
REALTOR, New Build certified
214-862-7212
DFWmark.com
#DFWmark #REALTOR #HomeSellerGuide #FreeBook #SellNow #SellersMarket #TimeToSell #GetItSold #KnowItAll #IveGotYourSix
Saturday, October 9, 2021
Market Watch - 8 Oct. 2021
The increase likely results from the eviction moratorium ending. The eviction process takes a little while on its own. Then, high repair prices and a low number of skilled trade workers to prepare properties probably caused the delay.
Mark M. Hancock, GRI, MRP, AHWD
REALTOR, New Build certified
214-862-7212
DFWmark.com
#DFWmark #REALTOR #MarketWatch #InventorySurge #EvictionMoratoriumBounce #SellersMarket #SellNow #StrongDemand #BuyNow #LowMortgageRates
Thursday, October 7, 2021
Mythical Toys
Mark M. Hancock, GRI, MRP, AHWD
REALTOR, New Build certified
214-862-7212
DFWmark.com
#DFWmark #REALTOR #toys #unicorn #Pegasus #OpenHouse #CollinCounty #DentonCounty #magenta #purple
Wednesday, October 6, 2021
Chambers of Commerce
Alphabetical listing
A B C D E F G H I J K L M
N O P Q R S T U V W X Y Z
Suggest an addition
A
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Town of Addison Chamber of Commerc(see Metrocrest COC)
Town of Addison CVB
Contact: Alisha Holmberg, Tourism Coordinator
14681 Midway Rd., Ste. 200, Addison TX 75001
Phone:972-450-7079 or 1-800-ADDISON (233-4766)
E-mail: aholmberg@addisontx.gov
Web site: visitaddison.com
Allen Economic Development Corporation
900 West Bethany Drive, Suite 280, Allen, TX 75013
Phone:972-727-0250
Web site: allenedc.com
Greater Anna Chamber of Commerce
218 W. 4th St., Anna TX 75409
Phone:972-924-8533 or 800-758-0921
Web site: greaterannachamber.com
Arlington Chamber of Commerce
505 E. Border St., Arlington TX 76010
Phone: 817 275-2613 Metro 817 265-1911 ; fax 817 261-7389
E-mail: events@arlingtontx.com
Web site: arlingtontx.com
Arlington Convention & Visitors Bureau
1905 E. Randol Mill Rd., Arlington TX 76011
Phone: 800-433-5374
Web site: arlington.org
Azle Chamber of Commerce
404 W Main St, Azle, TX 76020
Phone: 817 444-1112; fax 817 444-1143
E-mail: info@azlechamber.com
Web site: azlechamber.com
B
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Bedford Economic Development/Tourism bureau
Phone: 817-952-2125
E-mail: byahne@ci.bedford.tx.us
Web site: bedfordeconomicdevelopment.com
Burleson Area Chamber of Commerce
P.O. Box 9; Burleson; TX 76097
Phone: 817-295-6121
E-mail: goodlife@burleson.org
E-mail: solomon@burleson.org
Web site: burlesonchamber.com
C
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Cedar Hill Economic Development
Phone: 972-291-5132
Web site: cedarhilledc.com
Celina Chamber of Commerce
Web site: www.celinachamber.org
Celina Economic Development Corporation
Web site: www.considercelina.com
City of Duncanville Convention & Visitors Bureau
Phone: 972-780-5090
Web site: duncanville.com
City of Garland Convention & Visitors Bureau
Phone: 972-205-2749
Web site: ci.garland.tx.us
City of North Richland Hills
Phone: 817-581-5534
Web site: ci.north-richland-hills.tx.us
City of Pantego
1614 S. Bowen Road; Pantego; Texas
Phone: 817-274-1381
Web site: www.townofpantego.com
City of Plano Convention & Visitors Bureau
Phone: 972-941-5843
Web site: planocvb.com
City of Roanoke
Phone: 817-491-2411
Web site: roanoketexas.com
Cleburne Chamber of Commerce
1511 W. Henderson St.; Cleburne; TX 76033
Phone: 817 645-2455 ; fax 817 641-3069
Web site: www.ci.cleburne.tx.us
Cleburne Chamber of Commerce
Phone: 817-645-2455
E-mail: info@cleburnechamber.com
Web site: cleburnechamber.com
Colleyville Chamber of Commerce
6700 Colleyville Blvd.; Colleyville; TX 76034
Phone: 817 488-7148 ; fax 817 488-4242
Web site: www.colleyvillechamber.org
Coppell Chamber of Commerce
500 S. Denton Tap Rd. #105; Coppell; TX 75019
Phone: 972 393-2829 ; fax 972 393-7485
Web site: www.ci.coppell.tx.us
Corsicana Chamber of Commerce
120 N. 12th St.; Corsicana; TX 75110
Phone: 903 874-4731 ; fax 903 874-4187
Web site: www.corsicana.org
Corsicana Visitor Center
Phone: 903-654-4850
Web site: visitcorsicana.com
D
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Dallas Chamber of Commerce
1201 Elm St. #2000; Dallas; TX 75270
Phone: 214 746-6600 ; fax 214 746-6799
Web site: www.dallaschamber.org
Dallas Convention & Visitors Bureau
1201 Elm. St. #2000; Dallas; TX 75270
Phone: 214 746-6677 or 214 571-1000 ; fax 214 571-1008
E-mail: inform@dallascvb.com
Web site: www.dallascvb.com
Denton Chamber of Commerce
414 Parkway St.; Denton; TX 76202
Phone: 940 382-9693 ; fax 940 382-0040
Web site: www.denton-chamber.org
Denton Convention & Visitors Bureau
Phone: 888-381-1818
E-mail: cvb@discoverdenton.com
Web site: discoverdenton.com
Duncanville Chamber of Commerce
300 E. Wheatland Rd.; Duncanville; TX 75138
Phone: 972 780-4990 ; fax 972 298-9370
Web site: www.ci.duncanville.tx.us
E
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Ennis Chamber of Commerce
108 Chamber of Commerce Dr.; Ennis; TX 75120
Phone: 972 878-2625 ; fax 972 875-1473
Web site: www.ennis-chamber.com
Ennis Convention & Visitors Bureau
Phone: 888-366-4748
E-mail: barbecvb@swbell.net
Web site: visitennis.org
F
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Farmers Branch Convention & Visitors Bureau
Phone: 972-300-4180
Web site: farmersbranchcvb.com
Farmersville Chamber of Commerce
P.O. Box 366; Farmersville; TX 75442
Phone: 972 782-6234
Flower Mound Chamber of Commerce
2631 Cross Timbers Rd. #205; Flower Mound; TX 75028
Phone: 972 539-0500 ; fax 972 539-4307
Web site: www.flower-mound.com
Forney Chamber of Commerce
P.O. Box 570; Forney; TX 75126
Phone: 972 564-2233 ; fax 972 564-3677
Web site: forney-texas.com/coc
Fort Worth Chamber of Commerce
777 Taylor #900; Fort Worth; TX 76102
Phone: 817 336-2491 ; fax 817 877-4034
Web site: www.fortworthchamber.com
Fort Worth Convention & Visitors Bureau
Phone: 800-433-5747
Web site: fortworth.com
Fort Worth Convention & Visitors Bureau
415 Throckmorton St.; Fort Worth; TX 76102
Phone: 817 336-8791 or (800) 433-574 ; fax 817 336-3282
Web site: www.fortworth.com
Frisco Chamber of Commerce
6842 Main St. #104; Frisco; TX 75034
Phone: 972 335-9522 ; fax 972 335-6654
Web site: www.friscochamber.com
Frisco Convention & Visitors Bureau
Phone: 972-963-9226
E-mail: marla@visitfrisco.com
Web site: visitfrisco.com
G
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Gainesville Area Chamber of Commerce
Phone: 940-665-2831
E-mail: info@gainesvillecofc.com
Web site: gainesvilletexas.org
Garland Chamber of Commerce
914 S. Garland Ave.; Garland; TX 75040
Phone: 972 272-7551 ; fax 972 276-9261
Web site: www.garlandchamber.com
Glenn Heights Chamber of Commerce
139 W. Ovilla Rd.; Glenn Heights TX 75154
Phone: 972-223-5509
Web site: www.glennheights.com
Granbury Convention & Visitors Bureau
Phone: 800-950-2212
Web site: granburytx.com
Grand Prairie Chamber of Commerce
900 Conover Dr.; Grand Prairie; TX 75053
Phone: 972 264-1558 ; fax 972 264-3419
Web site: www.grandprairiechamber.org
Grand Prairie Convention & Visitors Bureau
Phone: 972-263-9588
E-mail: cheri@gptexas.com
Web site: gptexas.com
Grand Saline Chamber of Commerce
103 N. Green; Grand Saline; TX 75140
Phone: 903 962-7147
Grapevine Chamber of Commerce
200 E. Vine St.; Grapevine; TX 76099
Phone: 817 481-1522 ; fax 817 424-5208
E-mail: grapevcc@gte.net
Web site: www.grapevinechamber.org
Grapevine Convention & Visitors Bureau
Phone: 817-410-3185
Web site: grapevinetexasusa.com
Greater Anna Chamber of Commerce
Web site: www.greaterannachamber.com
Greater Irving Chamber of Commerce
Contact: Las Colinas Chamber of Commerce
3333 N. MacArthur #100; Irving; TX 75062
Phone: 972 252-8484 ; fax 972 252-6710
Web site: www.irvingchamber.com
H
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Howe Chamber of Commerce
P.O. Box 250; Howe; TX 75459
Phone: 903 532-6012
Hurst - Euless - Bedford Chamber of Commerce
4201-A Airport Frwy.; Bedford; TX 76095
Phone: 817-283-1521 ; fax 817-267-5111
Web site: www.heb.org
Hutchins Chamber of Commerce
P.O. Box 457; Hutchins; TX 75141
Phone: 972 225-2255
I
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Irving Convention & Visitors Bureau
Phone: 800-247-8464
Web site: irvingtexas.com
Italy Chamber of Commerce
P.O. Box 840; Italy; TX 76651
Phone: 972 483-7329
J
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K
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Kaufman Chamber of Commerce
107 N. Jackson; Kaufman; TX 75142
Phone: 972 932-3118 ; fax 972 932-8373
Keller Chamber of Commerce & EDC
200 S. Main; Keller; TX 76244
Phone: 817 431-2169 ; fax 817 431-3789
Web site: www.cityofkeller.com
Kemp Chamber of Commerce
P.O. Box 484; Kemp; TX 75143
Phone: 903 498-7731
Kennedale Chamber of Commerce
P.O. Box 604; Kennedale; TX 76060
Phone: 817 483-6794 ; fax 817 483-0720
Web site: www.kennedale.com
Krum Chamber of Commerce
Contact: City of Krum
102 West Mc Cart Street; Krum; Texas76249
Phone: 940-482-3491 ; fax 940-482-3020
Web site: www.ci.krum.tx.us
L
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Leonard Chamber of Commerce
P.O. Box 117; Leonard; TX 75452
Phone: 903 587-3363
Lewisville Convention & Visitors Bureau
Phone: 800-657-9571
Web site: visitlewisville.com
Little Elm Chamber of Commerce
P.O. Box 184; Little Elm; Texas 75068
Phone: 972 294-1228 ; fax 972 294-8424
Web site: www.littleelmchamber.org
M
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Mansfield Chamber of Commerce
Phone: 817-473-0507
Web site: mansfieldchamber.org
Mansfield Economic Development Corp.
116 N. Main St.; Mansfield; TX 76063
Phone: 817 473-0507 ; fax 817 473-8687
Web site: www.mansfield-texas.com
McKinney Chamber of Commerce
1801 W. Louisiana St.; McKinney; TX 75070
Phone: 972 542-0163 ; fax 972 548-0876
Web site: www.mckinneytx.org
McKinney Convention & Visitors Bureau
Phone: 888-649-8499
E-mail: info@visitmckinney.com
Web site: visitmckinney.com
Mesquite Chamber of Commerce Visitors Bureau
Phone: 972-285-0211
Web site: mesquitechamber.com
Mesquite Chamber of Commerce
617 N. Ebrite; Mesquite; TX 75149
Phone: 972 285-0211 ; fax 972 285-3535
Web site: www.mesquitechamber.com
Metrocrest Chamber of Commerce
1204 Metrocrest Dr.; Carrollton; TX 75006
Phone: 972 416-6600 ; fax 972 416-7874
Web site: www.metrocrestchamber.com
N
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Northeast Dallas Chamber of Commerce
718 N. Buckner Blvd. #332; Dallas; TX 75218
Phone: 214 321-6446 ; fax 214 321-2100
Northeast Tarrant Chamber of Commerce
5001 Denton Hwy.; Haltom City; TX 76117
Phone: 817 281-9376 ; fax 817 281-9379
Web site: www.netarrant.org
O
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P
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Pilot Point Chamber of Commerce
300 S. Washington; Pilot Point; TX 76258
Phone: 940 686-5385 ; fax 940 686-9392
Plano Convention & Visitors Bureau
1520 Avenue K, Plano, TX 75074 Map to City Hall
Phone: 972 941-7000
Web site: plano.gov
Princeton Area Chamber of Commerce
P.O. Box 189; Princeton; TX 75407
Phone: 972 736-6462
R
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Richardson Chamber of Commerce
411 Belle Grove Dr.; Richardson; TX 75080
Phone: 972 792-2800
Web site: www.telecomcorridor.com
Richardson Convention & Visitors Bureau
Phone: 972-234-4141 or 800-777-8001
Web site: telecomcorridor.com
Roanoke Chamber of Commerce
100 Trophy Club Dr.; Roanoke; TX 76262
Phone: 817 491-1222 ; fax 817 491-0155
Rockwall Area Chamber of Commerce
697 E. I-30; Rockwall; TX 75087
Phone: 972 771-5733 ; fax 972 772-3642
Web site: www.rockwallchamber.org
Rockwall County Chamber of Commerce
Phone: 972-771-5733
E-mail: margie@rockwallchamber.org
Web site: rockwallchamber.org
Royse City Chamber of Commerce
122 E. Main; Royse City; TX 75189
Phone: 972 636-5000 ; fax 972 636-5000
S
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Sachse Chamber of Commerce
5941 Highway 78; Sachse; Texas 75048
Phone: 972-496-1212 ; fax 972-496-4260
Web site: www.sachsechamber.com
Saginaw Area Chamber of Commerce
115 N. Saginaw Blvd.; Saginaw; TX 76179
Phone: 817 232-0500 ; fax 817 232-2311
Web site: www.saginawtxchamber.org
Sherman Chamber of Commerce
307 W. Washington #100; Sherman; TX 75091
Phone: 903 893-1184 ; fax 903 893-4266
Web site: www.shermantexas.com
Southeast Dallas Chamber of Commerce
P.O. Box 170132; Dallas; TX 75217
Phone: 214 398-9590 ; fax 214 398-9591
Southlake Chamber of Commerce
1721 E. Southlake Blvd. #201; Southlake; TX 76092
Phone: 817 481-8200 ; fax 817 329-7497
Springtown Area Chamber of Commerce
112 S. Main; Springtown; TX 76082
Phone: 817 220-7828
Web site: www.springtownchamber.org
Sunnyvale Chamber of Commerce
Contact: Town of Sunnyvale
537 Long Creek Road; Sunnyvale; Texas 75182
Phone: 972-226-7177 ; fax 972 226-1804
Web site: www.townofsunnyvale.org
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Terrell Chamber of Commerce
1314 W. Moore Ave.; Terrell; TX 75160
Phone: 972 563-5703 ; fax 972 563-2363
Web site: terrelltexas.com
Terrell Chamber of Commerce
Phone: 972-563-5703
Web site: terrelltexas.com
The Colony Chamber of Commerce
6900 Main St.; The Colony; TX 75056
Phone: 972 625-4916 ; fax 972 625-8027
Town of Addison (chamber)
Addison Town Hall; 5300 Belt Line Road; Dallas; Texas75240-7606
Web site: www.ci.addison.tx.us
Town of Addison
Phone: 972-450-6200
E-mail: bphillips@ci.addison.tx.us
Web site: addisontexas.net
Trophy City/Roanoke Chamber of Commerce (Trophy Club)
100 Trophy Club Dr.; Roanoke; TX 76262
Phone: 817 491-1222 ; fax 817 491-0155
Troup Chamber of Commerce
P.O. Box 336; Troup; TX 75789
Phone: 903 842-4113
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Van Alstyne Chamber of Commerce
P.O. Box 698; Van Alstyne; TX 75495
Phone: 903 482-6066
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Waxahachie Chamber of Commerce
102 YMCA Dr.; Waxahachie; TX 75168
Phone: 972 937-2390 ; fax 972 938-9827
Web site: www.waxahachiechamber.com
Waxahachie Convention & Visitors Bureau
Phone: 972-937-2390
E-mail: lmosley@waxahachie.com
Web site: waxahachiechamber.com
Weatherford Chamber of Commerce and Visitor Center
Phone: 817-596-3801
Web site: visitweatherford.com
Weatherford Chamber of Commerce
401 Ft. Worth St.; Weatherford; TX 76086
Phone: 817 594-3801 ; fax 817 594-1623
Whitesboro Area Chamber of Commerce
107 W. Main; Whitesboro; TX 76273
Phone: 903 564-3331 ; fax 903 564-3397
Whitewright Chamber of Commerce
125 W. Grand; Whitewright; TX 75491
Phone: 903 364-2000
Wolfe City Chamber of Commerce
P.O. Box 8; Wolfe City; TX 75496
Phone: 903 496-2832
Wylie Chamber of Commerce
108-A West Marble; Wylie; TX 75098
Phone: 972 442-2804; fax 972 429-0139
Web site: www.wyliechamber.org
Mark M. Hancock, GRI, MRP, AHWD
REALTOR, New Build certified
214-862-7212
DFWmark.com
Tuesday, October 5, 2021
Financial Calculations
Preapproval
• In a "seller's market," many agents won't show houses before clients have preapproval letters from lenders - especially during a pandemic. Only a trusted lender can give buyers the final preapproval number based on each buyer's unique circumstances.
A prequalification takes the information provided by the borrower, assumes truthful disclosure and gives an estimate. A preapproval requires the lender to research the information provided by the borrower to ensure all the information is true and still valid. Ideally, a preapproval has gone through the underwriting process to ensure everything will move smoothly.
Unapproved buyers simply aren't prepared to make immediate offers. A properly priced house could have 30 offers in the first few days. This is business. Sellers will select buyers that are READY, willing and able to close the transaction.
• It's vital to get the final loan approval number from a trusted lender. Many variables are factored into the amount that lenders may risk at any specific time on any specific borrowers for any specific properties. Only lenders determine this, and lenders will each have different standards. The preapproved amount is the maximum allowed by a specific lender.
• It's important to shop lenders. Borrowers can have multiple "like kind" credit inquiries ("hard pulls") by mortgage lenders within a 45-day period, and those only reduce the credit score as if one inquiry was requested.
What Can I Afford?
Many financial advisers suggest the 28/36 Percent Rule for housing. This rule allows for a maximum of 28% of gross annual income for housing expenses and a maximum of 36% for total debt (8% more on top of housing). The remainder is used for food, utilities and life's essentials.
Buyers should have financial "breathing room" when determining how much debt they are willing to incur. Don't become "house poor."
The final lender-provided number includes consideration for the loan principal and interest along with insurance, taxes and often HOA fees. Lower interest rates allow buyers to get bigger, better and newer homes because less money is paid toward interest each month for 30 years.
As a rule of thumb, three times annual income is a good starting point for estimate calculations. If someone is completely debt free, a number closer to four times annual income might be possible but not suggested.
Expect household expenses to rise. More interior space could mean more utility expenses. More exterior space may mean more gardening and upkeep expenses. Older homes often need more maintenance.
Don't surrender savings, retirement and college expenses to afford a house. Buyers should get the ideal house, which may not be perfect.
Estimated "Ballpark" Starting Amount
The calculation below gives buyers a "ballpark number" to estimate when buyers have saved enough to take the next steps.
_______ $ Gross annual income
_______ $ x 3 Rule of Thumb sales price range (Price)
_______ Price - Down payment = Total Est. finance amount *
* Use Total Est. amount for following calculations
Down Payment
Below are the down payment amounts buyers may need at closing for different types of loans and different obligations. These are based on the amount financed rather than the total price of the house.
_______ $ Total Est. Amount Financed
_______ $ x .03 Minimum conventional loan.
_______ $ x .035 Minimum FHA loan without grant
_______ $ x .05 Common conventional loan
_______ $ x .2 Minimum conventional loan to avoid PMI*
* PMI is Private Mortgage Insurance collected by the bank to ensure the borrower pays
the debt until the borrower has paid 20% of loan amount or gained 80% equity in the house.
Debt-To-Income Ratio
The debt-to-credit income is how lenders determine the amount of risk they will accept for any specific loan amount. Different lenders and loan types have different ratio thresholds. Please see previous page.
_______ Buyer total monthly expenses
_______ ÷ Gross monthly income
_______ = Total Debt Service Ratio
Expected Closing Costs
Below are the expected total expenses to calculate. It is based on the total price of the house rather than the amount financed.
_______ $ Total Agreed sale amount
_______ $ x .01 Earnest Money (EM) required on Day 1.
_______ $ x .035 Estimated Closing Costs (CC)
_______ CC - EM = Approximate amount needed at closing.
How To Understand Mortgage Loans
Credit Score Minimum
Buyers should have a middle credit score of 620 or above. Loan officers make decisions based on the middle credit score of the lowest-scored application if there are two or more borrowers. It’s the loan officer's job to protect the company’s investments.
To ensure an easy approval, continue to pay lenders on time, reduce debts and increase savings for a down payment and closing costs.
Initial Money Requirements It’s ideal to pay a 20% down payment to avoid mortgage insurance, which only ensures the bank gets their money each month. However, conventional loans are often 5% down and a few are available with as low as 3% down.
Federal Housing Administration (FHA) loans start at 3.5% down. However, these loans have a Mortgage Insurance Premium throughout the entire loan. FHA loans also have minimum appraisal and inspection standards that must be met. In a strong seller’s market with multiple offers, it’s often difficult to get sellers to consider buyer’s offers that include FHA restrictions.
Closing costs are about 3.5%. Earnest money can be applied to closing costs. Often the earnest money payment is 1% of the house’s sales price. For example, a $300,000 house would have a $3,000 (1%) earnest money payment and an additional $7,500 in closing costs for a $10,500 total (3.5%).
While Veterans Administration (VA) loans can be approved with a $0.00 down payment. The veterans must still pay earnest money and closing costs. Sellers can voluntarily agree to pay some portions of the closing costs for any buyers. VA loans also have minimum federal standards.
Closing costs vary and can be less but expect a higher amount to ensure the buyers can get across the finish line with some money left over in savings for moving and unexpected expenses.
Down-payment assistance grants are available. However, credit scores must be at least 620 or above to qualify. We all cross the finish line.
Debt-To-Income Ratio
Debt-to-income ratios are calculated by dividing the borrowers’ total monthly debts by the gross monthly income before taxes (see calculator). Monthly debts include all projected debts both fixed like mortgage and car payments as well as revolving or variable debts such as credit cards.
Ideally, debt-to-income ratios won't exceed 36%. Conventional lenders want the ratio of buyers to be less than 43%. Meanwhile, FHA allows this ratio to be up to 50% unless the borrower needs a grant.
Working with a great lender is essential to make educated decisions and find all options available to meet buyers' goals. Other programs can go outside the traditional guidelines, but the suggestions above will get most folks keys to their ideal house.
For many people, a house purchase is the single largest investment of their lives. It comes with risks and rewards. However, homeowners have more than 40 times the net worth of renters according to the Survey of Consumer Finances by the Federal Reserve.
When discussing home ownership and net housing wealth, The Survey of Consumer Finances stated, "For families in the bottom half of the income distribution, the homeownership rate was 49.1 percent in 2019, while the homeownership rate for those in the top 10 percent of the distribution was 93.6 percent."
How to Read a CMA
 |
| Photo Illustration |
Comparative Market Analysis (CMA) reports can measure a variety of property types. The goal is to always compare a "subject property" to a "like-kind" property.
Like-kind properties are single-family, ranch, townhouse, condominium, duplex, triplex, multiplex, etc. Additionally, the CMA aims to find properties that are similar in size, age, location, number of stories, pool or not, subdivision, elementary school attendance area, and composition (wood, brick, adobe, etc.) to the subject property.
Once the basics are close, minor adjustments can be made for upgrades such as floors, stone counters, sprinkler systems, etc.
The main categories viewers are likely to see on CMAs are:
• Active Properties - are currently for sale. Because real estate is negotiable, this is often a "wish we could get" number. In super hot markets, this can be deliberately low to create a bidding war for the highest offer in the shortest time.
• CDOM (last column) - literally means the “cumulative days on market.” A high number of days on market can indicate a problem with the price (most often), location (next to a highway or airport) or the property itself (condition). However, it could also mean the seller is reluctant or too busy to release the property.
• Coming Soon Properties - are NOT currently for sale. They cannot be shown to the public until they become Active. Nonetheless, buyers can send "blind offers" to purchase the properties while they are in this status without ever seeing the property in person.
• Active Option Contract Properties (0-7 days typically) - have executed a contract and are currently conducting due diligence inspections and settling some negotiation points. These are essentially off the market unless something goes wrong with buyer financing or the house condition during inspection.
• Pending Properties (0-45 days) - have settled most negotiations and await resolution of some actions such as title, finance, repairs, etc. before closing.
• Sold/Closed Properties (0-90 days typically) - are exactly what you would expect. They are the strongest indicator of market value of homes entering the same market because these are examples of what the market has recently paid for similar homes.
• Active Contingent Properties - are properties where the sale is contingent on some other action happening such as financing approval.
• Active Kick Out Properties - are also properties where the sale is contingent on some other action happening (typically the sale of the Buyer’s house). However, the contract allows the seller to cancel the contract if another buyer makes a better offer during the contingency period. The first buyer must move forward within a very short period (typically 2 days) to prevent being kicked out of the agreement.
• Expired Properties (0-90 days) - are properties that – for whatever reason – didn’t sell during the time it was marketed.
Sunday, October 3, 2021
Staged bottles
Mark M. Hancock, GRI, MRP, AHWD
REALTOR, New Build certified
214-862-7212
DFWmark.com
#DFWmark #REALTOR #SellMyHouse #HouseForSale #StagedHouse #HouseStaging #ThingsRealtorsNotice #Pellegrino #water #bottle #DisconnectedFromReality
Friday, October 1, 2021
Market Watch - 1 Oct. 2021
We are currently near historic low interest rates (the cost of borrowing money). This fueled the buying spree that started in July 2020 because people can get "more house for less money." Please read, "Two Reasons Why Waiting a Year to Buy Could Cost You" by Keeping Current Matters.
It is a strong "seller's market" because all the inventory is depleted. However, now is ALSO the best that the market is going to get for buyers. If any buyer is not financially or mentally ready now, that's different. No worries. They should do what's best for them.
The current situation has record low interest rates, record low inventory, record low housing starts, near record high material costs, and skilled worker shortages during record high sales volume (yes, you read that correctly).
We already know about the low Inventory of Homes for Sale. We are near the record low volume from earlier this year. This means all the reasonable reserves have been depleted. That's logical.
The part that isn't logical is Closed Sales. The volume since about March 2021 was higher than it was during any point in the record-breaking years of 2018 and 2019. It dropped off this month mostly because of schools starting (cyclical), low inventory and buyer fatigue rather than anything else.
So, there is a record high volume of homes sold AND a record low inventory.
Consequently, prices won't go down. This is the best they will be for the foreseeable future. Only the past 15 months would be a better time to buy than right now from an appreciation point of view.
Since last week, Properties Sold and Under Contract have increased while New Listings and Pending have decreased. The market remains inverted by 1,020 properties this week alone.
The lease market is still difficult for all but the most qualified applicants without pets. Don’t rent when it’s easier and better to buy. Talk to me.
Mark M. Hancock, GRI, MRP, AHWD
REALTOR, New Build certified
214-862-7212
DFWmark.com
#DFWmark #REALTOR #MarketWatch #SellersMarket #BuyersMarket #RealEstateTrends #RealEstateGraphs #HistoricHousing #StrongDemand #RealEstateAnalysis
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