Denton

There’s Music in the Air!!!

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Listening to live music under our beautiful evening skies is a favorite family activity in North Texas. Pack up your lawn chair and make plans to enjoy these ongoing summer outdoor concerts:

Denton: Twilight Tunes, award-winning concert series presented by Denton Main Street Association at Denton County Courthouse-on-the-Square Lawn, 110 W. Hickory Street starting April 21st from 6:30 p.m. until 8 p.m. and will run every Thursday evening through June 30th.  Admission is Free Denton Twilight Tunes

Music4Flower Mound: June 2-30 (every Friday in June) – Lakeside Music Series from 7 to 9 p.m. at The Shops at Lakeside DFW, 2314 Lakeside Parkway. See schedule at LakesideDFW.com

Highland Village: Sounds of Summer Concert Series each Thursday in June from 7-9 p.m. at The Shops at Highland Village in The Patio Courtyard between Blue Goose and Rockfish Seafood. HV Sounds of Summer Concert Series 972-317-7500

Music3Lewisville: June 6-July 25 (every Tuesday in June and July) – Lewisville Summer Outdoor Concert Series at 7 p.m. at Wayne Ferguson Plaza, 150 W. Church Street in Old Town Lewisville. Free event. Lewisville Sounds of Lewisville

Roanoke: Evenings on Oak Street Concert series at Austin Street Plaza, 221 N. Oak St., Roanoke on the 2nd and 4th Thursday of each month from March through October. 817-491-2411 or Roanoke Evenings on Oak Street

Information provided by Keller Williams Dallas Metro North, via The Cross Timbers Gazette – Community Calendar. See more fun area activities here.

Keller Williams Dallas Metro North remains a strong presence in the Metroplex!

Newest data indicates that Keller Williams Dallas Metro North remains a strong presence in the Dallas/Fort Worth real estate market!

Slide1In May 2017, Area 41, Keller Williams Dallas Metro North (KW-DMN) closed more than twice as many units as the next closest brokerage firm.

Area 41 = the communities of Argyle, Bartonville, Copper Canyon, Corinth, Double Oak, Flower Mound, Hickory Creek, Highland Village, Lake Dallas, Lewisville, Shady Shores and parts of Hebron and Northlake.

 

Slide2Similarly, YTD 2017 data for Area 41 clearly demonstrates that Keller Williams Dallas Metro North (KW-DMN) closed more than double the units of their nearest competitor!

Area 41 = the communities of Argyle, Bartonville, Copper Canyon, Corinth, Double Oak, Flower Mound, Hickory Creek, Highland Village, Lake Dallas, Lewisville, Shady Shores and parts of Hebron and Northlake.

 

Slide3In May 2017, Keller Williams Dallas Metro North (KW-DMN) ranked 5th in closed units for the D/FW four-county area (Collin, Denton, Dallas and Tarrant Counties). Also notable – Keller Williams brokerage firms are a strong presence in the area, holding the top eight positions for closed units in the Metroplex!

 

slide4YTD 2017 figures indicate another strong showing by Keller Williams Dallas Metro North (KW-DMN), ranking 5th in the D/FW four-county area (Collin, Denton, Dallas and Tarrant Counties) for closed units. 8 of the top 10 Metroplex brokerage firms for Closed Unit Data belong to Keller Williams brokerage offices!

 

Slide5Keller Williams Dallas Metro North (DMN) improved to 5 fewer days on market for YTD 2017 when compared to 2016.

Furthermore, our listings are selling 16 days faster than the area MLS listings, an improvement over 2016 figures by 3 days!

Area 41 = the communities of Argyle, Bartonville, Copper Canyon, Corinth, Double Oak, Flower Mound, Hickory Creek, Highland Village, Lake Dallas, Lewisville, Shady Shores and parts of Hebron and Northlake.
It’s highly beneficial to have a professional, knowledgeable, local real estate agent by your side! Contact Keller Williams Dallas Metro North today for your real estate needs!

Is Home Flipping for You?

Luann 1While you may think that home flipping went the way of the dinosaurs after the real estate bust, flips actually rose 3.1 percent from 2015 to 2016, with gross profits averaging $62,624, according to research from ATTOM Data Solutions.

Home flipping enjoyed a boost last year thanks to low inventory in many areas of the country and an infusion of foreign and domestic capital, says ATTOM, who reported that roughly 6 percent of condo and single-family home sales in 2016 were flips – the highest share in three years.

Hot markets in California – like San Jose, San Diego, and San Francisco – along with cities such as Baltimore, Md., Boston, Mass., New York, N.Y. and Seattle, Wash. earned more than $100,000 in profits. The most flipping took place Florida and Tennessee, where it comprised 11.7 percent of all sales in Memphis, Tenn.

Are you ready to get into the flipping game? Consider these pros and cons:

Pro: Home flipping can be very lucrative, earning you a sizable sum of money within a very short period of time.

Con: Conversely, when a flip becomes a “flop,” you can lose money. This can happen when unexpected expenses for home repairs or taxes arise, or when holding costs accrue from paying the mortgage and other expenses for a longer than anticipated period of time.

Pro: Home flipping is a great learning experience and will sharpen your skills on all things real estate, including construction, related finances and the local market.

Con: The process can be very stressful. There will be bumps along the way and there is always a risk involved, so make sure you’re ready for the roller coaster ride.

If you’d like more detailed real estate information about your market, please contact Anne Lakusta, Keller Williams Dallas Metro North, at 972-874-1905.

JANUARY 2016 LANGUAGE OF REAL ESTATE

Keller Williams Dallas Metro North office has taken 54.3% MORE LISTINGS, selling $31,126 HIGHER per home and selling the 26 DAYS FASTER in the month of January!

Why would you want to list with our office?

We are SELLING MORE, selling FASTER and selling at a HIGHER PRICE!

LORE February 2016

What Was The Good News For December?

Motorsport Aftermarket Group is relocating their corporate headquarters from Irvine, California to the Cypress Waters development in Irving. They are expected to employ roughly 150 workers, with an average annual wage of $70,000, in its new headquarters.  The company sells aftermarket parts for motorcycles — from mufflers to handle grips to sunscreens.

Dallas-Fort Worth’s strong housing market shows no signs of slowing with analysts expecting the region’s home sales to reach $24 billion by the end of the year. That would more than double the market’s sales volume in four years.  “We were ecstatic when the market reached $11 billion at the end of 2011,” said MetroTex President Steve Habgood, in a statement. “This year, we reached $22.7 billion by the end of November and could conceivably reach $24 billion for the year.”   North Texas’ condo sales have also done well this year and have already topped a billion dollars for the year, he added.  Not only is volume higher, prices are higher too.  Through the first 11 months of 2015, sales prices for preowned homes sold by real estate agents in North Texas are 11%  higher than where they were in November 2014, according to the Real Estate Center at Texas A&M University.  The price jump so far this year is more than twice the average annual price increase in the area during the last decade.

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Plano-based Green Brick Partners, Inc. acquired 52 acres in southern Flower Mound at Gerault Road and FM 2499 for the development of 450 home sites with a build out value of approximately $160 million. The planned townhomes and patio homes are part of the 110 acre master planned development called Southgate.  The first phase of residential development will begin in the spring of 2016, with model homes opening in early 2017.   The patio homes and townhomes will be built by Green Brick Partner’s subsidiary, CB JENI Homes. The homes are designed around 5 acres of parkland with walking trails connecting owners to the $1.5 million amenity center, complete with a pool, workout room, and entertaining areas.

 

There are 3 college football bowls to watch in the DFW area. The most anticipated of the three is the Cotton Bowl game played at AT & T Stadium in Arlington on Dec. 31st at 8:00pm.  2 Alabama will square off against No. 3 Michigan State and the game will be one of two semifinal games played, leading to the CFP title game. Each of the so-called Big 5 conferences, including the Irving-based Big 12 Conference, will receive an estimate $50 million, whether they have a team in the playoffs or not. Zaxby’s Heart of Dallas Bowl will have the University of Washington versus Southern Mississippi University at 1:20 p.m. Dec. 26 at the Cotton Bowl stadium at Fair Park in Dallas. Estimated payout for the Zaxby’s Heart of Dallas Bowl will be $1.1 million per team.  In Fort Worth, officials with the Lockheed Martin Armed Forces Bowl announced that the University of California will take on the Air Force Academy on 12/29/15.  The estimated payout for the Armed Forces Bowl will be $675,000 per team.

Dallas-based TopGolf is building its fourth North Texas location, expanding for the first time to Fort Worth. Topgolf has 22 locations worldwide, including in Dallas, Allen and The Colony. The 65,000-square-foot center is slated to open in late summer 2016. Located at the southeast corner of Highway 121 and I-35 near downtown Fort Worth, the new TopGolf will include102 hitting bays, up to 3,000 square feet of private event space and 230 high-definition TVs.

Frisco’s $5 Billion mile continues to develop.  From Warren Parkway to Lebanon Road along the Dallas North Tollway, the development along Frisco’s $5 Billion mile is rapidly changing the landscape.   In the span of just one mile, Frisco has $5.4 billion in projects under development. The Ford Center at The Star in Frisco — future home of the Dallas Cowboys World Headquarters — is the $1-billion, 91-acre mixed-use project that anchors this mile. Upon completion next summer, The Star will feature a 12,000-seat indoor stadium that will host high school football games for local schools, two hotels with 480 rooms, and an additional 66-acre, mixed-use entertainment district capable of supporting 1.7 million sq. ft. of commercial development.  Also under development along the $5-billion mile are the $1.7-billion Frisco Station mixed-use project; the $700-million Gate mixed-use and office complex; and the $2-billion Wade Park community that will include a Whole Foods Market, two hotels and 2.3 million sq. ft. of office space.

What’s The Good News For November?

The Dallas Business Journal released its “Tracking Dallas’s Wealthiest Zip Codes” article.  As no surprise, while wealth still resides in the core of Dallas, wealth is showing a distinct migration to northern suburbs.  The top 5 zip codes in the November 13th article were:  76034 Colleyville; 75225 University Park; 76092 Southlake; 75022 Flower Mound; 75205 Highland Park.  Number 8 on the list was Argyle 76226; Coppell #11 75019;  75028 in Flower Mound was #15; and Lewisville 75077 was #17.

 

Gaylord Texan is already hard at work on its annual Lone Star Christmas extravaganza featuring a 2 million pound hand-carved ICE! attraction.  The theme for this year’s Nov. 12-Jan. 3 exhibit is Christmas Around the World. The ice for ICE! is created using a special “recipe”, and it arrives in approximately 36 truckloads over a 3-week period… 2 trucks a day for 15 days. The master carvers who are from the city of Harbin in Northeast China, near Siberia, take shifts working inside a 9-degree freezer to transform the 2 million pounds of ice.

 

Almost 20 years after buying the land, Dallas Cowboy’s owner Jerry Jones has quietly started construction on his $1 billion Gates of Prosper development. The project will be a 300,000-square-foot shopping center on the property located just north of Frisco.  It is slated to be a 93-acre retail center, with a Walmart store included in the project.  The Jones project in Prosper also includes the  979-acre Villages of Star Trail, an 1,850-home community. The first phase of the Star Trail community will include about 300 homesites, and will begin construction in early 2016.

U.S. homebuilders have not felt this good about their business in a decade. Sentiment jumped 3 points in October to a level of 64 on the National Association of Home Builders/Wells Fargo Housing Market Index. Anything above 50 is considered positive sentiment. The index stood at 54 last October, but has held in the 60s since June of this year. When homebuilders feel confident, it is trackable to an increase in housing starts – which are desperately needed in our area.

 

An Austin homebuilder, Scott Felder Homes, is making inroads in the booming North Texas housing market.   Scott Felder Homes has tied up land for eight Dallas-Fort Worth developments with more than 500 houses. The builder’s first houses in the area are expected to be ready next year. While most of Felder’s new neighborhoods are for traditional single-family homes, the builder will start construction soon on a 127-home project in Plano’s $2 billion Legacy West development.  The high-density contemporary houses will occupy a site between Toyota Motor and Liberty Mutual Insurance’s new Plano campuses. The two- and three-story detached houses have different architectural styles and will be constructed around a small park.  The 2,000- to 3,000-square-foot houses will start around $500,000. Along with the Legacy West project, Felder Homes has purchased building locations in Highland Village, Celina, Prosper and Frisco.

Cinemark’s Nextgen 53,000 square foot theatre is open in Roanoke, featuring 14 screens, and 2,500 parking spaces. It is located at the intersection of Hwy. 170 and Hwy. 114.  The theater features all leather luxury lounge chairs and a cafeteria style concessions area with expanded food choices.

Budgeting to Buy a House

No matter how good the credit rating, today’s homebuyer no longer has the luxury of buying with little or zero down. Unless you are low-income with good credit, or a veteran, no-down loans are also a thing of the past.

Most lenders today want at least 20 percent of the loan amount as a down payment on a house. For a home priced between $168,300 and $287,500, a homebuyer would need to come up with between $33,660 and $57,500 just for a down payment. Then, there are closing costs to consider. These vary by state, but figure you’ll pay over $2,000 on a $200,000 loan.

Saving up this money takes time and careful planning. The best way to start is by coming up with a budget that is realistic enough for you to stick with and by using other tips to help you get ahead financially.

The Budget

The only thing more challenging than setting up the budget is sticking with it over the long run. Using personal finance software will help you set it up, but only self-discipline and the desire for a new house will motivate you to stick with it.

First, you need to determine your total income from all sources. The second step is to list all the money that goes out every month, beginning with your fixed expenses. These include anything that has a fixed payment due every month, including:

Rent or mortgage (if you have a fixed rate).

Car payment.

Insurance.

Child support and alimony.

Installment loan payments.

Next, list your variable expenses. These may be a little more difficult to track, so you may want to document them over the course of a week or two on a chart such as the spreadsheet offered for free by a Canadian credit counseling service. Common variable expenses include:

Utilities.

Telephone.

Cable or satellite TV.

Anything you purchase on a daily basis (morning coffee, etc.).

Amy Fontinelle, writing at Investopedia, suggests that you track and update your budget daily so that nothing falls through the cracks.

Make Changes

Once you’ve used the budget for a month or two you’ll be able to see where your money goes every week. This snapshot shows you where it’s being wasted and, thus, where to make cuts. Any items cut from the budget mean more money to set aside for your house.

Some of these cutbacks might include bringing a lunch from home rather than hitting the café every day, riding your bike to work instead of driving or taking a cab, and using coupons to save money.

Make More Money

Cutting your budget expenditures and paying down debt aren’t the only ways to move more quickly down the road toward homeownership. Finding ways to bring in more money gives your plan a turbo boost.

If you can take on overtime hours at work, do it. Consider holding a garage sale or selling unused items online. Sock away that extra cash for your down payment.

Savings

If you’re like a lot of us, you may be tempted to use the money you’re saving for something else that comes along. To avoid the temptation, put it in an online savings account that makes it difficult to withdraw. If you have to wait a few days for the money, you may think twice about withdrawing it.

As you build your savings, avoid the urge to add to your debt. There will be plenty of time after you buy the house to buy furniture, a car or whatever else you might be thinking of purchasing. Keep that house you want top-of-mind to motivate yourself to stay out of debt and continue saving.