Happy Memorial Day from The Marr Team
A day for spending with your family enjoying the blessings that those who have served our country have allowed us to have. We wish you a very safe and Happy Memorial Day.
Marshmallow Balls – April 2012 Recipe Post Card
Want to see your dreams take shape?
The next time you find yourself daydreaming of your next home, be sure and contact us. Together we can take steps to make it happen!
SOLD – 4708 Scoter Lane, McKinney Texas
Welcome to this beautifully updated home located in the heart of McKinney in the gated Mallard Lakes Preserves community. When entering the home you are greeted by formal living and dining areas while the newly installed hardwood floors lead into the family room and study. The family room is bright and open with built-in cabinetry and a floor-to-ceiling rock fireplace. Double ovens, a six-burner gas cooktop and a large serving/breakfast bar equip the kitchen for cooking, baking, serving and entertaining. Upgraded black granite countertops, under and above cabinet lighting and the adjoining butler’s pantry with wine refrigerator add to the amenities making this kitchen a gourmet dream. The secluded master suite with a fireplace truly provides a relaxing retreat from a busy day. The bright and spacious master bath and custom closet system gives space and organization for everyone preparing for their day. Upstairs 3 additional bedrooms each have close access to their own bathroom and the gameroom is flexible for many uses. Don’t miss the huge “Texas Basement” (walkout attic) that provides easily accessible space for everything that needs to be stored. This home is updated, upgraded, well-maintained and ready to enjoy right away.
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- Gated Mallard Lakes Preserve
- 4 Bedrooms
- 3-1/2 Baths
- Gourmet Kitchen with Island
- Double Ovens, 6 Burner Gas Cooktop
- Butler’s Pantry with Wine Refrigerator
- Hardwood Flooring and Stairways
- Downstairs Master with Closet System
- Huge Walk-In Attic Storage
- 3 Car Swing Garage
- Approx. 4,734 SF, 0.49 Acres
See more photos at www.4708scoter.info
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Chicken Broccoli Casserole – March 2012 Recipe of the Month
Have Real Estate Questions?
As your “go to” real estate professionals call us for all your real estate needs throughout the year. We are happy to answer your questions anytime.
Our LOCAL Market Series: It’s a Great Time to Invest in Rental Property
The big picture on the current local market is that it is a good time to sell, a historically phenomenal time to buy and a great time to invest in rental property. This week we will discuss each of these market segments in a 3 part series. Today is part 3 of 3: It’s a Great Time to Invest in Rental Property.
The rental market is also extremely busy and competitive – on average homes that were leased a year ago can lease for at least $100 more per month currently. Our last two rentals we put on the market in January were leased within a few days. Couple the high demand with some of the good deals on the market and you can have someone else be building equity and cash for you in a very short period.
Give us a call to show you the current deals on the market and we can find one that will match your budget and renovation skills. It’s a great time to INVEST in rental property.
We are so blessed to be in Texas and in Collin County and The Marr Team is excited to help all our friends and neighbors make the best real estate decisions for your family so give us a call today and let us know your plans and we can give you the most up-to-date advice and information. Knowledge and experience are not expensive, they are priceless!
Our LOCAL Market Series: It’s a Historically Phenomenal Time to BUY
The big picture on the current local market is that it is a good time to sell, a historically phenomenal time to buy and a great time to invest in rental property. This week we will discuss each of these market segments in a 3 part series. Today is part 2 of 3: It’s a Historically Phenomenal Time to BUY!
One of the housing indicators widely used is the Housing Affordability Index which reports the ability of a family earning the median income to purchase a median-priced home. For example an index of 120 means the median household income was 120% of what is necessary to qualify for the median-priced home under prevailing interest rates. A higher number means greater affordability the average affordability index locally in the past 12 months was 169 with the highest number in December at 183. Let me put this into perspective with the following chart from Keller Williams Gary Keller:
| 1989 | 2011 | |
| Bread | $0.67 | $2.78 |
| Gas (gallon) | $0.97 | $2.84 |
| New Car | $15,000 | $30,000 |
| Existing Home | $94,000 | $166,100 |
| Mortgage | 10% | 4.45% |
| Monthly Payment | $825 | $837 |
While the average price of house has increased by $72,100 the monthly payment for that increase is only several dollars more per month. Current mortgage rates are historically low and real estate professionals and economist know they will eventually begin to rise so don’t miss your opportunity – if you need to move, move and if you don’t refinance today! It is a historically phenomenal time to BUY and in our area it will give you a cheaper payment than renting.
Not sure if you are prepared financially? Let us connect you with a reputable mortgage advisor that can give you the information you need to help you answer that question and prepare to move now or in the short future.
So call us today to start talking about the move you need to make this year!