Do you have real estate questions? We have the answers. We have the knowledge and experience to help you make important decisions about buying or selling your home.
The Marr Team
1.5 Story Home with 4 Bedrooms Downstairs and a 5th Bedroom or Bonus room upstairs with own bath. Home is only 6 months old with spacious backyard in Prosper ISD neighborhood. Home has open floor plan with gorgeous kitchen with granite countertops, double oven and all stainless upgraded appliances. Spacious master suite with separate vanities, garden tub and oversized walk-in shower. Walk to Exemplary elementary school, park and community pool
[embedplusvideo height=”309″ width=”500″ standard=”http://www.youtube.com/v/RZEqBr82JYs?fs=1″ vars=”ytid=RZEqBr82JYs&width=500&height=309&start=&stop=&rs=w&hd=0&autoplay=0&react=0&chapters=¬es=” id=”ep1975″ /]
HOME FOR SALE | 5104 Bald Cypress Lane, McKinney Texas | A Marr Team Listing | Keller Williams Realty
Real estate doesn’t have to be complicated. Contact us when you’re ready to buy or sell and we can offer you sound real estate guidance that can make a positive difference.
Sugar Cookies – April 2013 Recipe Post Card
Are you ready to make a move? Whether you’re in the market to buy or sell a home, we can help. Contact us today to find out what services we offer our valuable clients.
Pork Loin Roast – March 2013 Recipe Post Card
You might be surprised, but there is a new term in real estate these days it’s called “Flash Sales”. Flash sales refer to homes that are selling in less than 24 hours. You might also be surprised to know that is happening right here in McKinney, Collin County and throughout the DFW metroplex.
What has set up the market to have so many flash and quick sales?
Low Inventory our inventory of homes for sale continues to stay low compared to last year and prior years while sales are on the rise. There could be many reasons that inventory remains low, but sellers that are considering a move need to visit with us to see what current market value is as prices begin climbing in many areas. The current months supply of homes for sale in Collin County was 2.5 months at the end of February. Housing inventory lower than 5 months of inventory is considered a seller’s market.
Low Interest Rates make it a great time to buy. Home buyers can buy more home for their money with today’s extremely low interest rates. Interest rates have a major effect on purchasing power. A 1% increase in the interest rate changes how much house a potential home buyer can afford. For example, assume a couple with a total annual household income of $100,000 seeks to buy a home. The couple has $20,000 for a down payment. Also assume the couple has $1,100 in monthly non-mortgage debt and is seeking a 30-year loan with zero points paid at closing, closing cost of 3% of the purchase price and annual taxes of 1.85% of the sales price. If the couple obtains a 5% interest rate, they have enough purchasing power to buy a house that costs $331,030. If the interest rate increases to 6%, their purchasing power decreases to $304,940. Another 1% jump in the interest rate reduces the couple’s purchasing power to $281,906. Therefore an increase in the interest rate from 5% to 7% reduces their purchasing power from $331,030 to $281,906–a reduction of $49,124.
If you are considering selling, buying, building or investing talk to us to ensure you understand the best way to approach this market and have a strong team in your corner to ensure you reach your real estate goals this year. Call us at 214-620-0411 to get all the 411 on local real estate.
Real estate can often be confusing. We will answer all of your questions to make sure you’re informed throughout the transaction.
Easy Veggie Dip – February 2013 Recipe Post Card