“World's Most Complete Neighborpedia”
Explore:   What's happening in your neck of the woods?

Kim Daugherty, McKinney REALTOR, TX Broker

McKinney's Ultimate Buyer's Guide - McKinney, TX Luxury Homes by Price Range - $450-$500K

In this secion of "McKinney's Ultimate Buyer's Guide", we'll look more closely at McKinney's neighborhoods by price range - from $450,000 up to $500,000. As of today, April 2, there are 43 luxury homes for sale in McKinney,TX within this price range.

You could start your home search in any of these unique neighborhoods:

Stonebridge Ranch - a sought-after master-planned community offering top amenities to homeowners, such as a beach & tennis club with sandy lagoon, aquatic center, stocked ponds, hike & bike trails and appealing landscaped entrances:

  • Cypress Crossing
  • Timber Crossing
  • Cascades
  • Village of Ballantrae
  • Tanglewood Villas
  • Wildwood Crossing
  • Woodhaven
  • Wellington Point
  • Woodland Bridge
  • Stratford Manor
  • Wyndsor Grove
  • La Cima Haven Meadows
  • La Cima Manor
  • Newport Village
  • Hills Creek
  • Kings Lake
  • Adriatica Villas

Craig Ranch - another popular master-planned community centered around the PGA golf course at Craig Ranch. Area offers shopping and great schools:

  • Settlement at Craig Ranch

Areas in and around Historic Downtown McKinney - own a piece of McKinney's history!

Tucker Hill

And these great neighborhoods:

  • Mallard Lakes
  • Hidden Forest
  • Estates of Verona
  • Bluffs at Winding Creek
  • Waterstone Estates
  • Chancellor Creek
  • Sorrellwood Park
  • Clifton Park
  • Flagstone
  • Pecan Point

The Eldorado Countryclub Area:

  • Eldorado Estates
  • Forest Ridge
  • Kensington Creek
  • Village of Eldorado
  • Village Creek Estates

Of the 43 Luxury Homes priced in this range in McKinney, they had the following characteristics according to MLS data:

  • Average price per square foot is $116.68
  • Homes on average are 4 bedrooms with 4,134 sq ft
  • Ranged in size from 2556 - 5060 sq ft
  • These homes were built all the way back from 1895! (Historic Homes) up to 2009 (new construction)
  • 12 of the homes (24%) offered pools
  • Almost all offered at least a 3-car garage, with a few offering 4-car garages!

Note: All data & photos taken from NTREIS

For more information about McKinney Luxury Homes visit www.McKinneyTexasHomesBlog.com.

McKinney's Ultimate Buyer's Guide - McKinney, TX Luxury Homes by Price Range - $400-$450K

In this next secion of "McKinney's Ultimate Buyer's Guide", we'll look more closely at McKinney's neighborhoods by price range - from $400,000 to $450,000. As of today, March 31, there are 58 luxury homes for sale in McKinney within this price range.

You could start your home search in any of these unique neighborhoods:

Stonebridge Ranch - a sought-after master-planned community offering top amenities to homeowners, such as a beach & tennis club with sandy lagoon, aquatic center, stocked ponds, hike & bike trails and appealing landscaped entrances:

  • Cypress Crossing
  • Greenbriar
  • Canterbury
  • Timber Crossing
  • Cascades
  • Village of Ballantrae
  • Gallery at Stonebridge
  • Tanglewood Villas
  • Wildwood Crossing
  • Woodhaven
  • Wellington Point
  • Woodland Bridge
  • Stratford Manor
  • Wyndsor Grove
  • La Cima Haven Meadows
  • La Cima Manor

Craig Ranch - another popular master-planned community centered around the PGA golf course at Craig Ranch. Area offers shopping and great schools:

  • Settlement at Craig Ranch
  • Wellstone at Craig Ranch

Areas in and around Historic Downtown McKinney - own a piece of McKinney's history!

Tucker Hill

And these great neighborhoods:

  • Mallard Lakes
  • Hidden Forest
  • Estates of Verona
  • Waterstone Estates
  • Chancellor Creek
  • Clifton Park
  • Village Creek
  • Flagstone
  • Pecan Point

The Eldorado Countryclub Area:

  • Eldorado Estates
  • Kensington Creek
  • Village of Eldorado
  • Village Creek Estates

Of the 58 Luxury Homes priced in this range , they had the following characteristics according to MLS data:

  • Average price per square foot is $109.26
  • Homes on average are 4 bedrooms with 3,931 sq ft
  • Ranged in size from 2245 - 4974 sq ft
  • These homes were built all the way back from 1910! (Historic Homes) up to 2009 (new construction)
  • 13 of the homes (22%) offered pools
  • Almost all offered at least a 2-car garage, with over half of them offering 3-car garages in this price range - with one equipped with a FOUR car garage!

Note: All data & photos taken from NTREIS

For more information about McKinney Luxury Homes visit www.McKinneyTexasHomesBlog.com.

The Agent DOES Make the Difference - My Case for the Independent Brokerage

Anyone up for a good debate?

Let’s face it. The real estate market is different than it was 5 years ago. Even ten years ago. Certainly more different than it was twenty years ago. If you hang around a veteran agent long enough you will hear about how “back then” we didn’t have the fancy MLS or lockboxes or the internet. I know I certainly appreciate the conveniences of today. The fact is things have changed, yet the profession is resistant to change.

Each of us is in charge of how we spend our days. We are all independent contractors, correct? No one tells us the hours to work, what meeting we must attend, or how many open houses we must hold. If we want to take a 2 month vacation, that’s our prerogative. And if you’ve been in the business for any length of time, you know that if you choose to take that route, your business will quickly dry up. Each Realtor experiences a direct proportion to how much they work and how much they make.

So why should our brokerage keep so much of our hard earned money, if it is up to US to produce the business? As Julie Ferenzi, a Realtor in Plainfield, IL stated in her blog post, a brokerage is kind of like a fancy wrapper. It is the AGENT that makes the difference.

The traditional brokerage is soon a way of the past. Today’s Realtors must quickly adapt to the new technology changes, and if their Brokerage is slow to change, then the agent must be the one to make the change.

But how do you know when to make the change?

· The Experiment: Make a list of all of your deals over the last 2 years. Highlight those that YOU produced through YOUR efforts (blogging, referrals, your website,etc) and highlight those that the BROKER produced (walk-ins, corporate website). I have been with name brand, national brokerages. I did this experiment. Guess what? I couldn’t justify spending the amount of money that I was spending by putting a fancy logo on my business card.

If you make this list, then eliminate the money you made as a direct result of being with your brokerage, let’s say – Keller Coldwell 21-Max.

Now take only the commissions that YOU earned as a result of YOUR work in procuring the lead and total them. If you were on a split, adjust it so that you are now showing 100% commission on those deals. Also add back in the monthly office fees you paid over the course of the year that go directly to your broker.

Did it make up for what you lost in the commissions that you had as a result of being a Keller-Coldwell 21-Max agent?

What you have done is compared what your salary could have been if you were on your own versus what you made being affiliated with Keller Coldwell 21-Max.

If you did the above experiment (and this really only applies to agents that have been in the business longer than 2 years), then most of you will see that the amount of business you received as a DIRECT RESULT of being a certain brand name agent is not that large. Most of my business is through referrals, website, blogging, Active Rain and social networking. Yours needs to be too.

Here are a few other points to consider when deciding whether or not you need to change brokerages:

Walk-In Traffic. You might think, “Well, what about walk-in traffic? Won’t I be missing out on that”? The answer depends on your part of the country. I will only speak for MY area. In the 3 years I was with NATIONAL, BRAND NAME COMPANIES, I can attribute a VERY SMALL percentage of my business to walk-ins. In fact, I found that in those settings, leads were given to “favorite” agents. They were NOT distributed evenly. Chew on that. And to go along with walk-ins, I would offer that every single agent experiences “walk-in” traffic – on your website. Consumers will now go ONLINE before ever stepping foot in a real estate office. They are “walking in” to YOUR WEBSITE. If you are not making it VERY EASY for consumers to find you, then you are missing out on this very valuable traffic. Guess what? You don’t need a big fancy logo next to your name to be found on the internet! Your broker needs to know AND utilize sites like Active Rain, Facebook, Twitter and blogging.

Networking & Relo Business. You may ask, “Well, what about networking with the agents in my office? What about the office tours”? Really? You get business from going on tours with your competitors? Tours are great, but why can’t you preview on your own time? Remember, you dictate how you spend your time. If you’re a member of Active Rain, you can network any time of day, in your PJ’s even – and with 140,000+ agents and members of the real estate industry. You’re building up one heck of a referral network too. Remember those RELO departments that take 35%+ of a cut when they refer you a client? Remember how difficult it was to get on those “lists” to get a cut of the RELO business? You don’t need it when you network online the smart way. The NEW way. Things are changing.

Home Office vs Traditional Office Setting. The main place for most agents to do their business is sitting in our driveways – in our cars. With a drastic number of agents working from HOME, not an OFFICE setting, why do we need to pay high monthly overhead fees to a broker when we don’t spend any time there except to meet a client of attend a monthly meeting?

Commission Splits. Now, more than ever, there is an increased need for Realtors to retain as much money as possible. Many agents are experiencing a job loss of a spouse and that puts the pressure on the Realtor spouse to produce closings in order to pay the bills. It’s more important to retain as much of OUR money as possible – not given to a broker so that we can have a nice logo next to our picture.

· Training. Think about it – while many national brokers offer great training, the same training is available to any agent who wants it. Brian Buffini? Craig Proctor? You don’t have to be a RE/MAX or Coldwell Banker agent to benefit from their knowledge or programs. In my area, title companies provide some top-notch continuing education that is made available to whoever wants it. Real estate schools don’t discriminate either. You don’t need to pay extra to a broker for the education. It’s the AGENT that makes the difference – not the broker.

· Internet Presence. Guess what? In my area, you don’t have to be a RE/MAX agent to have your listing appear on Remax.com. You also don’t need to be a Keller Willilams agent to have your listings appear on Ebby.com. Or Realtor.com. Many of the biggest real estate websites that are visited by consumers will populate listings from the MLS (that ANY agent can belong to). You don’t need to pay extra every month to your broker in order to have great internet presence. All of my listings still show up in the same places. In fact, I choose to pay only $5 per listing and my listings populate to an additional 25+ websites. I am an independent contractor and I choose how to market my listings. The agent makes the difference.

Realtors – you must keep up with the changes. You deserve more of the money you work SO HARD FOR. By providing the best in customer service, and the best, most up to date home marketing for your sellers, you will succeed. You don’t need a fancy logo or “Diamond, Million Dollar Circle of Fame” title next to your name to say you’ve made it in this business. Ask what your clients want. They want an AGENT (not broker) who will work hard and represent them to the best of their ability.

**Side note to my local Realtors: If any of this made sense to you, then know that d + b real estate is looking for independent like-minded agents that embrace today’s technology. We offer a 95/5 commission split with NO monthly fees. Our office is located in Beautiful Downtown Historic McKinney which provides a convenient and attractive place to meet clients.

To my fellow agents affiliated with the larger franchises this blog was not meant to bash the larger brokerage models. There are brokerages that work for each Realtor out there and we are simply another choice. We look forward to working with you!

McKinney's Ultimate Buyer's Guide - McKinney, TX Luxury Homes by Price Range - $350-$400K

In this next secion of "McKinney's Ultimate Buyer's Guide",we'll look at McKinney's neighborhoods by price range - from $350,000 to $400,000. As of today, March 15, there are 81 luxury homes for sale in McKinney within this price range.

You could start your home search in any of these unique neighborhoods:

Stonebridge Ranch - a sought-after master-planned community offering top amenities to homeowners, such as a beach & tennis club with sandy lagoon, aquatic center, stocked ponds, hike & bike trails and appealing landscaped entrances:

  • Cypress Crossing
  • Greenbriar
  • Canterbury
  • Brightwood
  • Timber Crossing
  • Saddlebrook Crossing
  • Aspendale
  • Hickory Hill
  • Cascades
  • Village of Ballantrae
  • Gallery at Stonebridge
  • Freedom Park
  • Brightwood
  • Tanglewood Villas
  • Wildwood Crossing
  • Woodhaven
  • Wellington Point
  • Thornberry Ridge

Craig Ranch - another popular master-planned community centered around the PGA golf course at Craig Ranch. Area offers shopping and great schools:

  • Settlement at Craig Ranch
  • Wellstone at Craig Ranch

Areas in and around Historic Downtown McKinney

Tucker Hill

And these great neighborhoods:

  • Mallard Lakes
  • Hidden Forest
  • Flagstone
  • Estates of Verona
  • Waterstone Estates
  • LaCima Haven Meadows
  • Chapel Hill
  • Chancellor Creek
  • Clifton Park
  • Ridgecrest
  • Village Creek

The Eldorado Countryclub Area:

  • Eldorado Estates
  • Kensington Creek
  • Village of Eldorado

Of the 81 Luxury Homes priced in this range , they had the following characteristics according to MLS data:

  • Average price per square foot is $104.13
  • Homes on average are 4 bedrooms with 3,655 sq ft
  • Ranged in size from 2390 - 4974 sq ft
  • These homes were built all the way back from 1895! (Historic Homes) up to 2009 (new construction)
  • 19 of the homes (24%) offered pools
  • Almost all offered at least a 2-car garage, with half of them offering 3-car garages in this price range.

Note: All data & photos taken from NTREIS

For more information about McKinney Luxury Homes visit www.McKinneyTexasHomesBlog.com.

Real Estate "Boutiques" - Be First, or be Different...

What is a Boutique?

\bü-ˈtēk\ 1 a: a small fashionable shop b: a small shop within a large department store 2: a small company that offers highly specialized services or products <boutique wineries> <an independent investment boutique>

While attending Texas A&M University, I took many, many classes. I changed my major many, many times. In my career at A&M, I always gravitated towards marketing classes. I LOVED marketing! One of the most important facts to take away from the most basic of marketing classes is the principle that in opening a new business, if you can’t be FIRST, then be DIFFERENT!

Throughout my research and brainstorming phase of opening up our own real estate brokerage in McKinney, TX, my business partner and I kept that statement in mind. And the question always came back to – How can we be different?

Our real estate market in McKinney is dominated by what we call the “Big 3”... RE/MAX, Keller Williams and Ebby Halliday Realtors. We belonged to 2 of those brokerages at one time or another before leaving to pursue the dream of owning our own company. Having the benefit of knowing the corporate culture and mindset behind these successful franchises, we left to make something different for ourselves and for our clients – past, present & future.

This is how the idea of branding ourselves as a Boutique Real Estate Firm came to be. I’ve been asked (OK, kidded) by some of my former colleagues and they’ll ask about the “boutique” concept. It makes total sense. Here’s WHY:

When you think of the word “Boutique”, what comes to mind?

  • A Small Space. Rather than isles upon isles of merchandise (like in a SuperStore), the products offered are minimal. The space is small to encourage a more intimate shopping experience and therefore a higher level of customer service.
  • Desirable Location. Many times the high fashion Boutique clothing stores are located in trendy, new, popular place. Often times they are near other attractions and may benefit from walk-in traffic.
  • Concierge-Level Customer Service – think, “above & beyond”! This one’s a no-brainer.
  • Select or Specialized Merchandise – you won’t find generic pieces in a boutique. You find custom, tailored pieces. By becoming the area Expert, your specialized services are your knowledge about the market you live and work in. It’s the tailored home marketing plan that you develop for each property you sell.

The concept of running a Real Estate Brokerage like a Boutique makes perfect sense! For many buyers & sellers, the appeal of a boutique real estate office makes sense! How many people do you know that desire specialized products?

  • You can get coffee anywhere, but Starbucks can charge 4 times as much because of the environment they provide.

  • You can get nice heels anywhere, yet Jimmy Choo’s and Manohlo Blahnik command sometimes over $1,000 for a one-of-a-kind pair.

  • You can drive a Ford Focus and get from Point A to Point B just fine, yet consumers desire the luxury and service that Lexus provides.

Now, here’s the genius part. The 3 examples above require that you PAY MORE for the alternative. In a Real Estate boutique, why not give the same exemplary customer service FOR THE SAME PRICE as the alternative?

In today’s changing economy, real estate brokerages must begin to think differently. Offering your community a Boutique may be just the thing consumers want. Is anyone offering this choice?

Be first, or be different!