New Listing in Plano Texas

 Open Sunday 4/14 from 1-3 but you may not want to wait!!!

The Jan Webb Team proudly presents 7200 Valley Bend Drive in Plano Texas. Home will be held open Sunday 4/14 from 1-3 pm provided it has not SOLD by then. We just put the home on the market this morning (Thursday 4/11) and have already had 8 showings scheduled. There is a good chance this home will not be on the market come this weekend. To setup a private showing call The Jan Webb Team at 972-679-2755. You will not want to miss out on this home!!!!!

True CUSTOM home in Fairfax Meadows. The floorplan we all want..beautiful formals with high end finish out, 2 story family room open to eat in kitchen with  fabulous outdoor views. Private master suite with sitting area and large bath with  fireplace located in rear of home. Upstairs gameroom, 3 generously sized bedrooms, and a Jack & Jill bath. Private corner lot, mature landscaping, close to everything! Moldings, art niches, high-end custom finish. 

To Search For More Homes in Plano CLICK HERE

Have a home and are looking to take advantage of this HOT seller's market. CLICK HERE to request a free estimated value of your home today!!!

Tips for beating the competition in Multiple Offer Situations

    

How To Beat The Competition in a Multiple Offer Situation

 The DFW housing market is HOT!!! Homes are selling, they are selling fast, and they are selling for list price or higher. Seemingly overnight the real estate market in the DFW area has turned upside down and gone from a buyer's market to an extremely competitive seller's market. Multiple Offers on homes have become the new norm here in the DFW. 

    

      In today's ultra competitive home selling market using a professional Realtor to help you create the winning offer is more crucial than ever. Your Realtor will know the local market, what homes are selling for in that market, and how to best position your offer to be selected as the winning bid. There are certain strategies and negotiating tips that can help make your offer the one that wins the home. Below is a link to great article from Realtor.com which highlights some of the strategies today's home buyers are using to win multiple offer situations. If you have recently been in a multiple offer situation and have any tips to share please feel free to leave them in the comments section below. 

CLICK HERE to read a great article from Realtor.com on tips and strategies for winning multiple offer situations.

To Begin Your Home Search CLICK HERE

To Find Out The Value of Your Home in Today's Market CLICK HERE

Dallas Home Prices Increase Yet Again

SOLD signs like this are showing
up all over the DFW metroplex

Dallas Prices Continue To Rise!!!

The prices keep rising. According to CoreLogic , Dallas area home sales saw yet another increase in year over year prices this previous February. Prices in February 2013 were up 7.3% from this time a year ago. With distressed properties taken out of the equation prices were up even higher with a 9.5% year over year increase.

Nationally the news was just as positive as home prices were up 10.1% from this time a year ago. Home prices in some of the hardest hit areas of the recession are seeing the highest gains. States like Arizona and Nevada saw year to year price increases of over 18%. Many national analysts expect the 10% plus gains to throughout the nation to continue through 2013. Lack of inventory combined with low interest rates are continuing to fuel the upswing in home prices.


To Search For Homes in The Dallas Area CLICK HERE

To See What Your Home is Worth Now That Prices Are on the Rise CLICK HERE

To Read The Complete Report by CoreLogic CLICK HERE

This Month in Real Estate : A Quick look at what is Happening Nationally

Here is a quick look at what is happening in the US Real Estate market. To learn more about your local market CLICK HERE.

To Search For Homes CLICK HERE

Windsong Ranch Prosper Texas

Windsong Ranch Prosper Texas ; $1.2 Billion Dollar Community Comes To Prosper 

Windsong Ranch Prosper Texas ; It may only be a field today but with-in the next year the largest development in Prosper Texas, Windsong Ranch, is set to begin construction

Windsong Ranch Prosper Texas

Windsong Ranch Prosper Texas is a name you will hear more and more over the upcoming months. Windsong Ranch is the name for the new $1.2 Billion dollar, 4,100 home community coming to Prosper, Texas. Windsong Ranch will be located in Prosper Texas along US Highway 380 west of The Tollway. 

Windsong Ranch will be the largest residential development in Prosper Texas. Windsong Ranch is a 2,030 acre project which will include single family residents, townhomes, apartments, retail and commercial space. Windsong Ranch will feature numerous public spaces such as trails, parks, and community green spaces. Windsong Ranch will also offer a community center with pool, fitness center, coffee shop, and much more. Windsong Ranch will feed into Prosper Schools and will eventually have 3 schools built with-in the community. Windsong Ranch is being developed by the Terra Verde Group of Richardson Texas. 

Windsong Ranch Prosper Texas

The first homes in Windsong Ranch are expected to start construction in early 2014. Windsong Ranch is expected to take an estimated 10 years to complete. Continue to check PlanoHomeTips.com for updates on the development of Windsong Ranch.

To Search for Homes in Prosper Texas and surrounding areas CLICK HERE

DFW homes see prices rise for 11th straight month

Standard and Poor's Case-Shiller Home Price Index for January 2013 has just been released and the good news for the DFW real estate market continues to come in. According to Case-Shiller, DFW home prices were 7% higher in January 2013 than they were in January of 2012. Lack of inventory and great interest rates have helped contribute to the rise in home prices in the Dallas Ft. Worth market area. 



Nationally, the news is very positive. In the 20 cities that Case-Shiller studies home prices were up an average of 8.1% over the last 12 months. Home prices across the nation are back to their fall 2003 prices, a great sign that the housing market has truly started to recover. Foreclosure filings continue to be down over 25% from a year ago and housing starts saw nice rises in the month of February 2013. 

Standard and Poor's Case-Shiller Report for January 2013

Metropolitan Area	Change	Change
	Dec. 2012-	Jan. 2012-
	Jan. 2013	Jan. 2013
Atlanta	1.0%	13.4%
Boston	0.0%	4.0%
Charlotte, N.C.	0.2%	6.0%
Chicago	-0.9%	3.3%
Cleveland	-0.5%	4.8%
Dallas	0.0%	7.0%
Denver	0.0%	9.2%
Detroit	-0.9%	13.8%
Las Vegas	1.6%	15.3%
Los Angeles	0.9%	12.1%
Miami	0.8%	10.8%
Minneapolis	-0.5%	12.1%
New York	0.1%	0.6%
Phoenix	1.1%	23.2%
Portland, Ore.	-0.4%	8.3%
San Diego	-0.6%	9.8%
San Francisco	0.1%	17.5%
Seattle	-0.3%	8.7%
Tampa, Fla.	0.9%	8.9%
Washington, D.C.	-0.7%	5.9%
20-city composite	0.1%	8.1%
Source: S&P Dow Jones Indices and Fiserv

To Search For Homes in The DFW Metroplex CLICK HERE

Dallas ranked as MOST AFFORDDABLE MAJOR CITY to live in the USA

Zip-Realty has released its first ever ranking of housing affordability in 30 major and metropolitan areas and coming it at number 1 was Dallas, Texas. The Zip-Realty rankings are determined by comparing the median household income of a city to the median home price in that city.  The median income of a Dallas family is $47,418 while the median home price in Dallas is $249,950. This equates to a home price to median income ratio of 5.27%. In other words the median Dallas family will only have to spend 5.27% of their annual income to afford the median house in Dallas. On the other end of the income to home price ratio spectrum you will find cities like Washington DC and Brooklyn NY where income to home price ratios are over 16%.


Below is a list of the TOP 10 MOST AFFORDABLE HOUSING MARKETS as determined by Zip-Realty.



City                             Home Price to Income Ratio

1. Dallas-Fort Worth        5.27x
2. Houston                       5.43x
3. Minneapolis                 5.50x
4. Orlando                       5.89x
5. Las Vegas                   5.98x
6. Raleigh, N.C.               6.03x
7. Austin                          6.13x
8. Denver                         6.31x
9. Nashville                     6.47x
10. Phoenix                       6.59x

Below is a list of the TOP 10 MOST EXPENSIVE HOUSING MARKETS as determined by Zip-Realty

City                                     Home Price to Income Ratio

1. Washington, D.C.                        16.78x
2. Brooklyn, N.Y.                                16.58x
3. San Francisco Bay Area             13.81x
4. San Diego                                     13.60x
5. Los Angeles                                 13.52x
6. Miami                                             12.11x
7. Orange County (California)       10.63x
8. Boston                                           9.47x
9. Westchester (New York State)  9.29x
10. Baltimore                                      8.56x

To Read the Complete Zip-Realty report CLICK HERE

To Search for Homes in The Dallas metroplex and surrounding areas CLICK HERE