There were 2,869 foreclosed homes in Collin County in September 2009 with 452 new foreclosed homes. The average sales price for all Collin County and Dallas homes was $274,216 and the average sales price of a foreclosed home was $172,788, a $101,428 savings, according to RealtyTrac.com.
Collin County and Dallas Foreclosure Activity and Home Price Index
Collin County and Dallas foreclosure activity decreased in September with 489 foreclosures in August and 479 in September.
Collin County and Dallas foreclosure activity is based on the total number of properties that receive foreclosure filings - default notice, foreclosure auction notice or repossession notice - each month. Home price appreciation is based on month-over-month percentage change of the Home Price Index. The Home Price Index is calculated from home sales records.
Collin County and Dallas Foreclosure Geographical Comparison
The new and improved home buyer tax credit is official and took effect Nov 9, 2009. The extended and expanded legislation extended the first-time buyer tax credit through May 1, 2010 and includes a tax credit to repeat home buyers.
Home Buyer Tax Credit Expansion and Extension
If you know anyone looking to buy their first Dallas home at a time when prices and interest rates are still down, or if you are thinking of buying another Dallas home and getting the new $6,500 credit please contact me today.
It doesn’t matter if you are buying your first Dallas home or are a veteran home buyer, you will have list of ‘wants’ and ‘needs’ for your new Dallas home. The ‘wants’ are things that would be nice to have such as a gas fireplace or granite counters. The ‘needs’ are things like, well a ‘bathroom’ or the number of bedrooms to suit your family. It is rare that you will get all your ‘wants’ and needs’ in the home you buy.
The key to maximizing your Dallas home investment today is distinguishing between the types of ‘wants’ and ‘needs’ you’re better off buying as part of the property, and those you could add later without too much trouble and expense. Here’s some information to help you prioritize the amenities on your list.
Location:
Location is the one thing you can’t change about a property. Location is about being in a desirable neighborhood and close to (but not necessarily next to) valued amenities or planned ones — employment opportunities, good schools, shopping, public transportation, major highways, parks and recreation, cultural activities, etc. A good location is also about not being on a high-traffic street, near noise, next to run-down properties, in a flood plain, etc.
Structural integrity:
Make sure the Dallas home you buy doesn’t come with a cracked foundation, pest infestation, drainage issues, mold or other problems that may be difficult and expensive to correct. A home inspection will help you determine if these items are an issue.
Size:
The size of a home is important, especially if you’re just starting to raise a family. You don’t want to buy a home that is perfect for the two of you, knowing you want children in the next couple of years and making the home you buy too small.
It’s easier and less expensive to reconfigure existing space (turning a basement into a family room or a garage into a bedroom, for example) than to build an addition. And, you can only add that addition if yard size and zoning restrictions allow.
Bathrooms:
It is significantly more cost effective to remodel a bathroom than to add one, so look for a home that has the number of bathrooms you really want.
Bedrooms:
Find a home with at least the minimum number of bedrooms you require, but with space (perhaps an attic or enclosed porch) that could eventually be converted to a bedroom should you need another one in the future.
Cosmetics:
Although a neon pink bathroom might make you cringe, that’s exactly the type of problem you can easily and inexpensively correct. You could repaint it yourself for around $50, or hire someone else to do it for a few hundred more.
Other items:
You can change — or add — over time without too much effort or cost: carpeting, landscaping, appliances, hardware and fixtures, lighting, countertops, cabinets, upgraded doors, vanities, closet space, siding, windows and lots more.
Buy a Dallas home with “good bones” in a good location. A home you’re likely to enjoy living in for many years to come — improving as you go. When you get ready to sell, you’ll have exactly what other buyers are looking for!
Learn more about buying a Dallas home by visiting TexasHomeCentral.com.
In today's real estate market, Dallas home owners trying to sell on their own get discouraged when it comes to getting their Dallas homes sold. What they may not realize is that in the modern market selling a home takes a lot more than just sticking a "for sale" sign in the front yard. Traditional real estate marketing tactics have evolved into a variety of more complex and effective strategies. The internet has become the most popular and successful aid in setting up successful home-selling campaigns.
According to the National Association of Realtors, almost 90% of home buyers do their house hunting online. The fact that the internet is taking over many traditional methods, makes it imperative for [city] home owners to move their campaigns to the web. Consumers are becoming more independent in the home buying process, relying on the internet for real estate market information and shopping for their perfect home. The quantity of home buyers who ended up purchasing a home they found using the Internet has significantly increased from only 8% in 2001 to a soaring 32% in 2008. However, buyers only account for half of the real estate equation that results in using the internet.
Sellers are relying on the internet to create effective online selling campaigns that catch the mouse click of potential buyers. Whether selling by owner or using a real estate agent, anyone trying to attract the attention of a buyer for their Dallas home should take full advantage of online marketing strategies. Listing agents advertise client's homes on their company websites, the Multiple Listing Service and Realtor.com, and by other professional tools. Home owners choosing the for sale by owner route or just simply looking for more ways to expose their home on the market, now have access to many of the same professional tools real estate agents use and more. For example ForSaleByOwner.com now allows their clients to list their homes on the Multiple Listing Service and Realtor.com too. In addition, homes are also popularly advertised on websites such as, Craigslist, Google Base, Yahoo Real Estate, and Facebook.
Regardless of who is selling your Dallas home, it is important to establish and maintain a successful home-selling Internet campaign. Here are a few tips to get you on the right track:
Learn how my marketing strategies can get your Dallas home sold in a shorter period of time and for more money by visiting TexasHomeCentral.com.
In today's rapidly changing economy, many Dallas home owners wonder or worry about selling their home for the best price, and terms in the shortest period of time.
Here are 9 helpful hints if you are considering selling your Dallas home:
Learn more about selling your Dallas home by visiting TexasHomeCentral.com.
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