Top 5 Tips for House Hunters


Top 5 Tips for House Hunters

 

When shopping for a new home, it’s easy to get swept away by a property’s most charming characteristics — and to play down important things you may regret later. Define your priorities early on to streamline the house-hunting process.

 

Below are five tips to help you stay organized and focused:

 

Location matters.  Location is a key consideration when choosing a home, and there are multiple factors that can affect your decision. Just a few of these include schools, commute times to work, and local amenities such as nearby restaurants, shopping and attractions.

 

List your priorities. You’ll save hours of shopping for a home if you list what you need and want in a home ahead of time. Zero in on the features you must have, would like to have, would prefer not to have — and definitely don’t want.

 

Get pre-approved for a mortgage. How much you can pay for a home is a function of your income, creditworthiness, interest rates, the type of loan and how much cash you have for the down payment and closing costs. Rather than guessing, ask a mortgage banker to give you a full assessment and a pre-approval letter stating how much you’re qualified to borrow. A great place to start is at Home Team Mortgage, Ebby Halliday’s affiliated mortgage company.

 

Use a checklist. Touring multiple properties is a confusing experience for most buyers. Rather than trying to rely on your memory, make notes about the homes you visit. Turn your priorities into a personalized home-shopping checklist and use it to track features of each property.

 

Relax.  Buying a home is a major life-altering event, but it’s not worth getting too stressed out. As with all major occasions in life, it’s important to keep the experience in perspective.

 

Today’s homebuyers have access to a wealth of information, but may not have a way to tailor it to their needs. That’s where a real estate professional can save you a great deal of time and money. To find just the right agent for your real estate needs and to view properties for sale in North Texas, visit the award-winning ebby.com. For information on loan pre-approval, visit hometeammortgage.info.

Home Prices, Sales Set New Records


Home Prices, Sales Set New Records

 

Home prices in North Texas were up 14 percent in May – one of the largest year-over-year gains ever for the area. And, the median home sales price for a pre-owned North Texas homes hit a record $215,000 last month.

 

With 9,484 properties changing hands in May, sales were up 6 percent from the same time last year. May 2015 was the largest one-month sales total ever for North Texas.

 

With strong sales and robust regional growth, North Texas home prices are up by more than 40 percent in the past five years, according to North Texas Real Estate Information Systems, Inc.

 

With 25 offices throughout North Texas, Ebby Halliday is the largest independently owned residential real estate company in Texas. If you’re considering offering your North Texas home for sale, our talented Associates are ready to assist. To find just the right agent for your needs, visit the award-winning ebby.com.

 

PHOTO: Ebby Associate Clarke Landry’s listing at 6230 Prestonshire Lane in Preston Hollow was under contract before it ever hit the market.

Big-City Home Prices Appreciate Nationwide


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Home prices in cities across the nation are picking up steam.

 

Prices in the 20 metropolitan areas measured by the S&P/Case-Shiller 20-City Composite Home Price Index rose 5% year over year in February, compared with a 4.5% gain in January. February’s increase was the largest monthly gain for the index since July 2014.

 

“We’ve seen a lot of people come back into the market on the buy side,” said David Blitzer, chairman of the index committee at S&P Dow Jones Indices. “Clearly, we’re still benefiting from very low mortgage rates for those people who can easily qualify for a mortgage.”

 

The broader S&P/Case Shiller Home Price Index, which covers the entire U.S., rose 4.2% year over year in February, vs. a 4.4% gain in January.

 

But, as we always say at the Ebby Blog, real estate is local: Denver and San Francisco showed the most price inflation over the past year, with gains of 10% and 9.8%, respectively. Dallas was close behind – and fourth nationwide – at 8.6%.

 

D-FW Luxury Market: Solving the Puzzle


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The spring 2015 edition of Grand Vie: Luxury in Living magazine recently mailed to homes across the Dallas-Fort Worth area.

 

As the magazine’s market-update feature, Spotlight On the D-FW Luxury Market, points out, now is truly an extraordinary time to sell a luxury home in North Texas.

 

In the past year, 2,355 single-family homes priced at $750,000 and up have been sold by real estate agents. That’s approximately 12 percent more luxury home sales than during the prior 12 months.

 

In addition to featuring many of Dallas-Fort Worth’s premier luxury properties currently for sale, the 16th edition of Grand Vie offers a plethora of interesting editorial content. Check it out now at grandviemagazine.com.

 

Feature We Love: March Madness Edition


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March Madness is upon us. Friends and coworkers are buzzing about stats, brackets, and everything NCAA basketball in anticipation of the beginning of the annual tournament. Amid all the hype, we thought it only appropriate that we put our special spin on things. So, we went hunting on our site for our Sweet 16.

 

This list, in no particular order, contains various spaces, from sport courts to media rooms, that are all ready to pump you up for March Madness!

Feature We Love: March Madness Edition^1029 Abbey Lane, McLendon Chisholm

Feature We Love: March Madness Edition^2304 Lafayette Drive, Heath

Feature We Love: March Madness Edition^4818 Irvin Simmons Drive, Dallas

Feature We Love: March Madness Edition^10427 Lennox Lane, Dallas

Feature We Love: March Madness Edition^7470 Bent Trail, Mansfield

Feature We Love: March Madness Edition^1724 Wisteria Way, Westlake

Feature We Love: March Madness Edition^4708 Crooked Lane, Dallas

Feature We Love: March Madness Edition^818 Bluff Ridge Drive, Cedar Hill

Feature We Love: March Madness Edition^2701 Montford Court, Southlake

Feature We Love: March Madness Edition^6162 Shepherds Glen Road, Heath

Feature We Love: March Madness Edition^5501 Mahogany Run Court, Plano

Feature We Love: March Madness Edition

^1029 Abbey Lane, McLendon Chisholm

Feature We Love: March Madness Edition^10427 Lennox Lane, Dallas

Feature We Love: March Madness Edition^3 Sheffield Court, Heath

Feature We Love: March Madness Edition^4708 Crooked Lane, Dallas

Feature We Love: March Madness Edition^6316 Caroline Drive, Frisco

Fresh Listing Friday: Open and Updated


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Happy Friday, all! This week’s home, at 11406 Valley Dale Drive, puts a light and airy spin on this otherwise dreary, rainy day. This one will go fast, so let’s take a look while we still can.

 

Here are the important details you need to know:

-North Dallas home on a tree-lined street listed for $750,000

-4 bedrooms, 4 bathrooms, 3,482 sq. ft. and a 2-car garage

-Handscraped hardwood flooring, remodeled kitchen and baths, and an open floor plan

-Private outdoor space with a pool and spa, open patio and a yard

 

Now for the really fun part- pictures:

Fresh Listing Friday: Open and Updated

^Front exterior showing large windows, mature trees, and the classic brick constructionFresh Listing Friday: Open and Updated

^1 of 2 views of the open floor plan first floor, which is the ideal layout for entertaining. For reference, the entrance of the home is shown behind the brown leather couchFresh Listing Friday: Open and Updated

^Second view of the open floor plan showing the kitchen and a bathroom off the dining roomFresh Listing Friday: Open and Updated

^This detailed shot of the main living room shows the home’s beautiful floors and abundant natural light. Visual separation from the rooms is provided by the dropped beam in the ceiling Fresh Listing Friday: Open and Updated

^This detail shot shows two sets of French doors and the neutral color pallet throughout the home- perfect the way it is or ready for customizationFresh Listing Friday: Open and Updated

^The classic white kitchen includes light granite countertops, stainless-steel appliances, ample storage, natural light, and an island with room for seating for fourFresh Listing Friday: Open and Updated

^The master suite features a sitting area, French doors to the backyard, views of the pool, and dual closetsFresh Listing Friday: Open and Updated

^This master bathroom has granite countertops, dual sinks, and a spacious showerFresh Listing Friday: Open and Updated

^One of the secondary bathrooms. Again, with granite countertops and dual sinksFresh Listing Friday: Open and Updated

^The home office/study is just one of a couple bonus rooms. There is also a game room on the second floorFresh Listing Friday: Open and Updated

^The private backyard is perfect for outdoor entertaining.

Seriously, we can’t imagine that this listing will stay on the market long, so act fast!

 

To see all the homes that were new to the DFW real estate market this week, click here.