Good News for West Plano - prices are holding

Here's a look at the median price on a 7 and 90 day rolling average from
a year ago for all 3 West Plano zip codes: 75093,75024,75025.



This gives a general overview of market conditions by zip code, so if you're a buyer
this gives you reason to pick West Plano as a destination to live.  If you're a seller
pricing your home within the ranges of your neighborhood will surely result in a sale.
Over pricing will result in more days on market and generally a lower net profit.

If you'd like a more detailed update by zip code you can subscribe on the right hand
sidebar for Market Activity Research Reports.  The reports are updated weekly and
used in conjunction with the MLS are powerful indicators of the market direction.
Reports are sent instantly and then every Wednesday thereafter.  And of course you
can opt out at any time.

[where:75093,75024,75025,West Plano, market data]

How your home is found online at Plano Homes and Land

For all you sellers out there -  here's an example of how this site works globally
to sell your home.  It takes a lot of work and time to get found on the search
engines and have everlasting links.  Many agents think if you just throw something
out on the internet it will get picked up which is not the case.  You need to be
connected to a site that gets targeted traffic for your neighborhood.

Take a look at these snap shots of how someone from Dubai found our site to buy
real estate in Plano.



This was the search phrase entered: willow bend villas in dallas.



Plano Homes and Land is in 1st position after the sponsored  search
results, see red arrow.



Crawler landed him on the Willow Bend Park Page with all the listings
and he spent 30 minutes looking at properties and the site.

This is just one of the unique strategies we use to sell your home.
Online marketing has changed real estate and you need to know how to
market a property online.  So, if you get an offer from a gentleman by way of
Dubai you'll know where he came from.  In this market your buyer may not be
local.  Many contacts also come from Canada and England to North Texas.
Being connected to a strong city and neighborhood site can very well sell
your home with much more exposure.  it's all about finding the "right buyer".

[where:75093,west plano, willow bend park,homes for sale]

A couple foreclosure tips

flickr photo by stilleben2000

Let's face it the foreclosure market is going to be with us for awhile.
If you have never bought a foreclosure before - there are some steps to
be aware of.

It's no surprise that lenders are overwhelmed with properties, heck,
I know some lenders are buying portfolio packages from other lenders
to make money.

These are a couple things we've come across.  For example, when a
property goes into foreclosures liens are to be paid, including property
taxes.

What we have found in this portfolio buying from one lender to another is
that property taxes are not paid till a contract is executed. This can delay
the closing. Have a title search done as soon as know you want to buy a
foreclosure.  A listing agent should have done this but it's not always the
case.

The other thing is despite a legally binding contract the lenders are not
closing properties on time.  In a typical buyer and seller transaction, a
closing takes place, funds and the property transfers.

In a foreclosure, an account manager might not even be in the same state.
Title companies are responsible for bringing the two parties together to close.
I can see it now, closing docs are sent to an account manager and stacked
on a desk with the hundreds of others.  It will be signed off on in that order
regardless of a legally binding closing date.  Not surprising because banks
don't know how to sell real estate.

So, here's a solution that worked for us. Make a phone call to the top
executive.  Like the Regional President for the lender and the CEO of the
title company.  You will get an administrative assistance to listen to your
story and communicate it effectively.  And she or he will say:

"What do you want me to do about it?"

And you say:

"I want it closed right now!  The reason you're in this mess is because
you have treated the consumer so badly. Wake up and take care of
business!  This property funded two days ago, don't you need the money?"

And like magic it closed shortly within the hour.  So taking it to the top does
work to get the customer service you deserve.  And another step that you might
need to try to get something done.

[where:75093,foreclosure,tips]

Take a stroll on the Sunday open house tour

Only a handful, but some beautiful properties to view. (link is above)

[where:75093,open houses, Plano, Texas]

Lenders have a Loan Lock going on,
and that's what's wrong with Real Estate

And here's the Plano Numbers for July - not too pretty.

There are plenty of buyers - it's just the lenders have gotten so stringent that someone
with a credit score of 800 might have trouble getting a loan. You think I jest!  Really!
Are they waiting for the election? Take the hit and get on with it!  Please and thank you!
At least in Plano the inventory is rising but not out of control, and pricing is only down a
1% or so.  Your nest egg is safe here.

Frisco has come through nicely, so far. All monthly indicator reports have been updated
and are ready for download on the right sidebar. Stats are complied by the MLS and
represent the most factual info out there, they are deemed reliable but not guaranteed
- and so it goes...

[where:75093,real estate update, Plano, Texas]

Random Pics of Plano and Dallas

[where:75093,Plano Photos,Plano,TX]