1404 Brimwood Drive, McKinney, TX – Leased

1404 Brimwood Drive, McKinney, TX

Leased

Presented By:

GroupWatson Real Estate Team

Broker / Realtors
GroupWatson Real Estate Team – Keller Williams DPR
214-682-7002
Licensed In: Texas
License #: 0425191

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$ Click for current price
4 BEDROOMS | 2 Full, 1 Half Baths BATHROOMS |

EXCLUSIVE GATED Community! FABULOUS 4 Bedroom, 2.5 Bath, 2 Car Garage Home. Beautiful Slate-like Floors in Entry, Family Room and Kitchen. Walk-in Closet, Solar Screens! Great Layout, Tons of Light, Beautifully Maintained, Must Have PERGOLA COVERED PATIO for Summer BBQ’s! You will LOVE your new home!

 

Each Keller Williams office is independently owned and operated. Not intended to solicit business of individuals currently represented by a real estate broker.

16716 Central Garden Lane, Prosper, TX – Leased

16716 Central Garden Lane, Prosper, TX

Leased

Presented By:

GroupWatson Real Estate Team

Broker / Realtors
GroupWatson Real Estate Team – Keller Williams DPR
214-682-7002
Licensed In: Texas
License #: 0425191

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$ Click for current price
4 BEDROOMS | 3 Full, 1 Half Baths BATHROOMS |

INCOMPLETE APPLICATIONS WILL BE REJECTED. All required information is located on the tenant selection criteria and rental application procedures located on the transaction desk. Gorgeous Home in Prosper ISD Situated on a Corner Lot Offers an Abundance of Space Inside & Out. Featuring 4 Bedrooms, 3.5 Baths, 2 Car Garage + Office, Game & Media Rooms. Stunning Two Story Entry with Tile Floors Leads to a 1st Floor Bedroom, Full Bath & Spacious Office with French Doors. Large Living Area Displays Wood Floors, Gas Fireplace & Tons of Natural Light and is Open to the Gourmet Kitchen Complete with Gas Cooking, Granite Countertops & Over Sized Island with Breakfast Bar. The Downstairs Master Suite Features Dual Sinks, Granite, Soaking Tub, Walk In Shower & Great Size Closet. Upstairs Boasts Media & Game Rooms, Half Bath & 2 Bedrooms with Jack & Jill Bath. The Backyard Provides a Covered Patio & Spacious Yard. Great for Entertaining!

 

Each Keller Williams office is independently owned and operated. Not intended to solicit business of individuals currently represented by a real estate broker.

411 Overton Avenue, Celina, TX –

411 Overton Avenue, Celina, TX

Sold

Presented By:

GroupWatson Real Estate Team

Broker / Realtors
GroupWatson Real Estate Team – Keller Williams DPR
214-682-7002
Licensed In: Texas
License #: 0425191

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5 BEDROOMS | 3 Full Baths BATHROOMS |

Located in the Resort Style Community of Light Farms…this 5 Bdrm, 3 Bath Highland Home has -all the things- to Make Your Day to Day Life & Entertaining Dreams Come True. 1st Level Features a Lrg Primary Bed & Bath + 2nd Bed & Bath. You will also Enjoy Wood Flrs, Study with French Drs & Open Concept Kitchen, Breakfast Area, Family Rm & Formal Dining-an Abundance of Rm to Congregate with Friends & Family! Kitchen Boasts a Generous Size Island & SS Appl’s-Fridge Stays! Upstairs Features 3 Bdrms, Full Bath, Game Rm & Tons of Storage (strg closet leads to floored walk-in attic)! Head Outback to Enjoy the Covered Patio wBuilt-in Table for 8+, Fireplace, Gas Stub, Mounted TV, Umbrella, Outdoor Heater & 2 Storage Containers! The 2.5 Car Gar Provides a Wrkbnch & Hanging Storage System. Separate Laundry Rm w’Washer & Dryer Included! Light Farms Provides Prosper ISD Onsite Elemtry School, Trails, Volleyball, Pools, Tennis Crts, Basketball Crts, Gym, Lake, Dog Park, Stocked Fishing Ponds & more!

 

Each Keller Williams office is independently owned and operated. Not intended to solicit business of individuals currently represented by a real estate broker.

Selling Your House? Your Asking Price Matters More Now Than Ever

Why the Forbearance Program Changed the Housing Market (1)

There’s no doubt about the fact that the housing market is slowing from the frenzy we saw over the past two years. But what does that mean for you if you’re thinking of selling your house?

While home prices are still appreciating in most markets and experts say that will continue, they’re climbing at a slower pace because rising mortgage rates are creating less buyer demand. Because of this, there are more homes on the market. And in a shift like this one, the way you price your home matters more than ever.

Why Today’s Housing Market Is Different

During the pandemic, sellers could price their homes higher because demand was so high, and supply was so low. This year, things are shifting, and that means your approach to pricing your house needs to shift too.

Because we’re seeing less buyer demand, sellers have to recognize this is a different market than it was during the pandemic. Here’s what’s at stake if you don’t.

Why Pricing Your House at Market Value Matters

The price you set for your house sends a message to potential buyers. If you price it too high, you run the risk of deterring buyers.

When that happens, you may have to lower the price to try to reignite interest in your house when it sits on the market for a while. But be aware that a price drop can be seen as a red flag for some buyers who will wonder what that means about the home or if in fact it’s still overpriced. Some sellers aren’t adjusting their expectations to today’s market, and realtor.com explains the impact that’s having:

“. . . the share of listings with a price cut was nearly double its year ago level even as it remains well below pre-pandemic levels.”

To avoid the headache of having to lower your price, you’ll want to price it right from the onset. A real estate advisor knows how to determine that perfect asking price. To find the right price, they balance the value of homes in your neighborhood, current market trends and buyer demand, the condition of your house, and more.

Not to mention, pricing your house fairly based on market conditions increases the chance you’ll have more buyers who are interested in purchasing it. This helps lead to stronger offers and a greater likelihood it’ll sell quickly.

Why You Still Have an Opportunity When You Sell Today

Rest assured, it’s still a sellers’ market, and you’ll still get great benefits if you plan accordingly and work with an agent to set your price at the current market value. As Lawrence Yun, Chief Economist at the National Association of Realtors (NAR), says:

Homes priced right are selling very quickly, but homes priced too high are deterring prospective buyers.”

Mike Simonsen, the Founder and CEO of Altos Research, also notes:

“We can see that demand is still there for the homes that are priced properly.”

Bottom Line

Homes priced right are selling quickly in today’s real estate market. Let’s connect to make sure you price your house based on current market conditions so you can maximize your sales potential and minimize your hassle in a shifting market.


Contact a GroupWatson Agent TODAY for Professional Advice & Expert Direction.

~Experience the GroupWatson Difference~

Call or Email Today!

972.370.1775|BuyOrSell@GroupWatson.com

*GROUPWATSON’S FEATURED LISTING OF THE WEEK*

3950 Willow Bend Dr, The Colony, TX 75056

7825 Rosebank, The Colony, TX – Pending

7825 Rosebank, The Colony, TX

Pending

Presented By:

GroupWatson Real Estate Team

Broker / Realtors
GroupWatson Real Estate Team – Keller Williams DPR
214-682-7002
Licensed In: Texas
License #: 0425191

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$ Click for current price
5 BEDROOMS | 3 Full, 1 Half Baths BATHROOMS |

This 2-Story Home is Brimming with Luxurious Living Space! 5 Bdrms, 3.5 Baths, Office, Game & Media Rms. 5th Bdrm on 1st Fl with Access to the Master would make a Perfect Nursery or Gym. This Bright & Open Home Displays Extensive Wood Flrs, High Ceilings & Tons of Windows Providing Lots of Natural Light. Open Layout from Kitchen to Dining & Living Rms makes for a Wonderful Entertaining Space. Kitchen with Oversized Island, SS Appl’s, Gas Cooktop, Granite & Brkfst Bar. A Gorgeous Spiral Staircase Leads to the 2nd Flr Bdrms, Game & Media Rms. The Spacious Premium Bckyrd Boasts a Covered Patio, Outdoor Kitchen & Plenty of Space to Play & Entertain. Exquisite Grand Home is Located in the Highly Desired Lakeside Golf & Resort Community of The Tribute! Neighborhood Amenities: 2 World Class Golf Courses, Miles of Shoreline Hike & Bike Trails, Resort Style Pools & Splash Pad, Prestwick K-5 STEM Academy & the Newly Opened Strike Middle School 6-8th, all in Walking Distance from your Front Door.

 

Each Keller Williams office is independently owned and operated. Not intended to solicit business of individuals currently represented by a real estate broker.

Why the Forbearance Program Changed the Housing Market

Why the Forbearance Program Changed the Housing Market

When the pandemic hit in 2020, many experts thought the housing market would crash. They feared job loss and economic uncertainty would lead to a wave of foreclosures similar to when the housing bubble burst over a decade ago. Thankfully, the forbearance program changed that. It provided much-needed relief for homeowners so a foreclosure crisis wouldn’t happen again. Here’s why forbearance worked.

Forbearance enabled nearly five million homeowners to get back on their feet in a time when having the security and protection of a home was more important than ever. Those in need were able to work with their banks and lenders to stay in their homes rather than go into foreclosure. Marina Walsh, Vice President of Industry Analysis at the Mortgage Bankers Association (MBA), notes:

“Most borrowers exiting forbearance are moving into either a loan modification, payment deferral, or a combination of the two workout options.”

As the graph below shows, with modification, deferral, and workout options in place, four out of every five homeowners in forbearance are either paid in full or are exiting with a plan. They’re able to stay in their homes.

Why the Forbearance Program Changed the Housing Market | MyKCM

What does this mean for the housing market?

Since so many people can stay in their homes and work out alternative options, there won’t be a wave of foreclosures coming to the market. And while rising slightly since the foreclosure moratorium was lifted this year, foreclosures today are still nowhere near the levels seen in the housing crisis.

Forbearance wasn’t the only game changer, either. Lending standards have improved significantly since the housing bubble burst, and that’s one more thing keeping foreclosure filings low. Today’s borrowers are much more qualified to pay their home loans.

And while the majority of homeowners are exiting the forbearance program with a plan, for those who still need to make a change due to financial hardship or other challenges, today’s record-level of equity is giving them the opportunity to sell their houses and avoid foreclosure altogether. Homeowners have options they just didn’t have in the housing crisis when so many people owed more on their mortgages than their homes were worth. Thanks to their equity and the current undersupply of homes on the market, homeowners can sell their houses, make a move, and not have to go through the foreclosure process that led to the housing market crash in 2008.

Thomas LaSalvia, Chief Economist with Moody’s Analytics, states:

“There’s some excess savings out there, over 2 trillion worth. . . . There are people that have ownership of those homes right now, that even in a downturn, they’d still likely be able to pay that mortgage and won’t have to hand over keys. And there won’t be a lot of those distressed sales that happened in the 2008 crisis.”

Bottom Line

The forbearance program was a game changer for homeowners in need. It’s one of the big reasons why we won’t see a wave of foreclosures coming to the market.


Contact a GroupWatson Agent TODAY for Professional Advice & Expert Direction.

~Experience the GroupWatson Difference~

Call or Email Today!

972.370.1775|BuyOrSell@GroupWatson.com

*GROUPWATSON’S FEATURED LISTING OF THE WEEK*

7005 Cross Point Ln, Aubrey, TX 76227

Why It’s Still a Sellers’ Market

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As there’s more and more talk about the real estate market cooling off from the peak frenzy it saw during the pandemic, you may be questioning what that means for your plans to sell your house. If you’re thinking of making a move, you should know the market is still anything but normal.

Even though the supply of homes for sale has been growing this year, there’s still a shortage of homes on the market. And that means conditions continue to favor sellers today. That’s because the level of inventory of homes for sale can help determine if buyers or sellers are in the driver’s seat. Think of it like this:

  • buyers’ market is when there are more homes for sale than buyers looking to buy. When that happens, buyers have the negotiation power because sellers are more willing to compromise so they can sell their house.
  • In a sellers’ market, it’s just the opposite. There are too few homes available for the number of buyers in the market and that gives the seller all the leverage. In that situation, buyers will do what they can to compete for the limited number of homes for sale.
  • neutral market is when supply is balanced and there are enough homes to meet buyer demand at the current sales pace.

And for the past two years, we’ve been in a red-hot sellers’ market because inventory has been near record lows. The blue section of this graph highlights just how far below a neutral market inventory still is today.

Why It’s Still a Sellers’ Market | MyKCM

What Does This Mean for You?

Ed Pinto, Director of the American Enterprise Institute’s Housing Center, gives a perfect summary of what’s happening in today’s market, saying:

“Overall, the best summary is that we’ll move from a gangbuster sellers’ market to a modest sellers’ market.”

Conditions are still in your favor even though the market is cooling. If you work with an agent to price your house at market value, you’ll find success when you sell your house today. While buyer demand is softening due to higher mortgage rates, homes that are priced right are still selling fast. That means your window of opportunity to list your house hasn’t closed.

Bottom Line

Today’s housing market still favors sellers. If you’re ready to sell your house, let’s connect so you can start making your moves.


Contact a GroupWatson Agent TODAY for Professional Advice & Expert Direction.

~Experience the GroupWatson Difference~

Call or Email Today!

972.370.1775|BuyOrSell@GroupWatson.com

*GROUPWATSON’S FEATURED LISTING OF THE WEEK*

3950 Willow Bend Dr, The Colony, TX 75056

951 W Cedar Street, Celina, TX

951 W Cedar Street, Celina, TX

Open House

Presented By:

GroupWatson Real Estate Team

Broker / Realtors
GroupWatson Real Estate Team – Keller Williams DPR
214-682-7002
Licensed In: Texas
License #: 0425191

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$ Click for current price
4 BEDROOMS | 2 Full Baths BATHROOMS |

Meticulously Maintained Home Featuring 4 Bedrooms, 2 baths & 2 Car Garage is Dreamy, Functional, & Updated! The Welcoming Front Porch Surrounded by Lush Landscaping Makes this one a Show Stopper! Upon Entry, you are Greeted with Rich Luxury Vinyl Flooring, Crisp Colors & Must Have Natural Light! The Foyer is Flanked by Split Formals & leads to the Open Family Rm that Displays a Wall of Windows, Entertainment Niche & Woodburning FP. The Island Kitchen Boasts a Huge Breakfast Bar & Ample Cabinet-Counter Space! The Main Suite is Super Private & Secluded from the Rest of the Home; En-Suite Bath is the Perfect Spot to Relax after a Long Day with a Soaking Tub, Separate Shower, Double Vanities & Walk-in Closet! Three Nicely Sized Bedrooms with Full Bath are Split from Owners Suite. The Pool Sized Backyard is Ready for BBQ’s with a Covered Stone Patio, Fire Pit & Adorable Playhouse Stays! Pride of Ownership Shows with this one; COME SEE for yourself! NO HOA! Fridge, Washer & Dryer Negotiable!

 

Each Keller Williams office is independently owned and operated. Not intended to solicit business of individuals currently represented by a real estate broker.

2021 Newcastle Circle, Plano, TX

2021 Newcastle Circle, Plano, TX

Open House

Presented By:

GroupWatson Real Estate Team

Broker / Realtors
GroupWatson Real Estate Team – Keller Williams DPR
214-682-7002
Licensed In: Texas
License #: 0425191

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$ Click for current price
3 BEDROOMS | 2 Full Baths BATHROOMS |

Amazing West Plano Location Close to Top Rated Schools and Walking Distance to Plano Senior! Diamond in the Rough is Ready for your Updates to Make this Huntington Park Gem Shine. This 3 Bedroom, 2 Bath, 2 Car Garage Home Sits on a Huge Lot in this Well Kept Neighborhood. Spacious Family Room with Warm and Inviting Wood Paneling, High Ceiling with Up Lighting, Gas Log Fireplace and Wet Bar is Open to the Tidy Kitchen Displaying Double Ovens, Breakfast Area with Shutters & Built-in Hutch. Formal Dining Room has Gorgeous Plantation Shutters. Large Owner’s Suite Situated in the Back of the Home for Privacy has a Tray Ceiling, Large Closet and Two Separate Areas of Counter Space and Mirrors with Plenty of Room for Two to get Ready at the Same Time! Covered Patio Overlooks the Big Backyard with a Handy Storage Shed and there is Additional Yard Space on the Side of the Property for Playing or Gardening. Foundation has passed inspection with no repairs needed! Home is being sold as-is.

 

Each Keller Williams office is independently owned and operated. Not intended to solicit business of individuals currently represented by a real estate broker.

1505 Park Street, Commerce, TX – Just Listed

1505 Park Street, Commerce, TX

Just Listed

Presented By:

GroupWatson Real Estate Team

Broker / Realtors
GroupWatson Real Estate Team – Keller Williams DPR
214-682-7002
Licensed In: Texas
License #: 0425191

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$ Click for current price

Over a Quarter Acre Residential (Multi-Family) lot ready to build on. *****This the property is zoned for an apartment building. The seller has a 4 unit plan with parking lot and can sell the plan for a fee. Close to the downtown square and just a few blocks off campus. Not many residential lots currently available in Commerce so don’t miss out on this one!
***Commerce is a busy college town, so if you are looking to build a single family home, duplex or 4-plex** this could be the perfect place.

 

Each Keller Williams office is independently owned and operated. Not intended to solicit business of individuals currently represented by a real estate broker.