Closed in Winn Ridge

Congratulations to my amazing New Construction buyer clients! They customized this Pulte Home in Winn Ridge of Aubrey! They got this Lawson plan on a premium lot at the end of a cul de sac in a rapidly growing community! 

The 3,655 Sq. Ft. home has 4-bedrooms, 3 baths, a powder room, study, Gathering Room with fireplace, expansive kitchen, breakfast cafe, game room, media room, formal dining, pocket office, covered back porch, roomy laundry, huge primary closet and a 3-car tandem garage. Welcome to Texas!

I've Got Your Six!

Mark M. Hancock, GRI, MRP, AHWD
REALTOR, New Build certified
214-862-7212
DFWmark.com

#DFWmark #REALTOR #Aubrey #DentonCounty #buyer #relocation #house #NewBuild #NewConstruction #VeteranOwned

What's the Point of Mortgage Points?

 

By Texas REALTORS

If you're financing a property purchase, you've probably come across the term points or discount points. Although there are other meanings, most often these terms refer to prepaid interest, with one point equal to 1% of your mortgage loan.

Lenders offer borrowers the opportunity to purchase points on their mortgage, which means you’re paying upfront to lower the interest rate of your loan. Here are some questions to ask when deciding whether you should buy points.

How Long Will You Live In The House?
You usually benefit more from points the longer you stay in the property. That’s because the savings you realize on each monthly payment will accumulate and eventually offset – hopefully exceed – your points payment.

Can You Afford Points?
You need to provide a down payment and cover the closing costs to secure a mortgage. Do you also want to pay for points?

How Much Will The Rate Come Down?
Each point costs 1% of the loan amount, but the interest rate reduction you receive varies from lender to lender.

Need More Information?
Your Texas REALTOR· can help you find experts on the topic.

I’ve Got Your Six!

Mark M. Hancock, GRI, MRP, AHWD
REALTOR, New Build certified
214-862-7212
DFWmark.com

Land Fly By in McKinney

 

Keller Williams North Country agents visited a 4.12-acre property in the Hidden Hills Addition of McKinney in Collin County as part of a tour of ranches. The land is within the McKinney extra-territorial jurisdiction and zoned for attendance in the Celina ISD. Co-op electricity and city water are available. The heavily wooded property will need a septic system.

The unimproved property - MLS# 20304244 - is listed at $695,000 by Carissa Buchanan. If you’re interested in purchasing the property or any other land in North Texas, please call, text or email me immediately!

I’ve Got Your Six!

Mark M. Hancock, GRI, MRP, AHWD
REALTOR, New Build certified
214-862-7212
DFWmark.com

#DFWmark #REALTOR #McKinney #HiddenHills #land #ranch #drone #FlyBy

December Local Housing Market Update

The entire reported area remains in a Sellers’ Market with less than six months of inventory. Because many Buyers are interested in eastern Denton County homes, I added market statistics for the cities of Denton, Aubrey and Little Elm.

Prosper still has the highest overall price per square foot while Gunter is second. Denton has the lowest price of the selected cities. Year-over-year inventory for Melissa is down 56% while Plano had the only increase - a modest 5% year-over-year percentage change. Plano also has the fewest months of inventory homes available at 2.1 months.

Dallas County has a significantly lower median list price than Collin or Denton counties. Dallas County also has the fewest months of inventory and the highest number of homes available. Houses are also selling fastest in Dallas County. Denton and Collin counties have the same Seller’s advantage with lower supplies for demand. Collin County still demands the highest prices per square foot.

Cash Buyers and Buyers without a house should move now. Buyers should act now while there is inventory and relative price stability. When rates drop, more Buyers are expected to surge into the market.

Homeowners should sell now if they don’t need a mortgage to purchase their next house. Sellers who are rightsizing to smaller, better and newer properties are at a distinct advantage. They can leverage their home equity to purchase as all-cash buyers in this market. Additionally, Sellers with an “extra” house due to inheritance or marriage can liquidate those assets quickly if it is properly priced and marketed by a professional REALTOR.

I've Got Your Six! 

Mark M. Hancock, GRI, MRP, AHWD 

REALTOR, New Build certified 

214-862-7212 

DFWmark.com 

#DFWmark #REALTOR #MarketWatch #ResidentialMarket #MarketStatistics #Stats #YOY #CollinCounty #DentonCounty #DallasCounty