Spring Buying Season Extends Into Summer

Some Highlights:

• Existing Home Sales are up 9.6% over last year.
• Homes Sold on Average in just 34 days!
• Inventory now stands at a 5.0-month supply.
• Distressed Sales made up only 8% of all sales.

Determine the Right Time to Move

Most homeowners will come to a point when they are ready to sell their house and move to a new one. Moving to a new home is not always an easy task. Moving requires a lot of work, time and money. So before you move, consider the reasons below to determine if it’s the right time to move.

1. You have sufficient money to be used for the moving process. When you decide to move, you need your savings of home equity to finance the new home.
2. You can qualify for a new home loan. Meet with a lender to understand your loan options.  If you are qualified for a mortgage loan then start the process by getting a pre approved mortgage.
3. The space of the current house is not enough. Maybe you’re running out of bedrooms because your family is getting bigger or your closets are bursting at the seams.
4. Your house needs an upgrade and is becoming too old. If you notice that your home is experiencing never ending repairs then it is time for you to move.
5. You don't like your neighborhood anymore. Your neighbors may change over time and become less than desirable.

Mentioned above are just few reasons to determine if it’s time to move to a new house. If you’re not happy with your current house, then start the process of buying a new one. If you need help in moving out and finding a new home, talk to Houses for Sale in Frisco TX.

Save Money for the Home Downpayment

According to surveys, rents are projected to outpace the value of a home by the end of this year. Experts suggest that you consider purchasing a home now. Today, the housing market is stable and interest rates are low. Down payments are considered as a part of buying a home and are also considered as a big challenge for most home buyers.

If you are thinking of buying a home, let Houses for Sale in Frisco be your guide. Here are some useful ways to save money for down payment:

1. Reduce and eliminate some of your large expenses.
2. When you are working, ask your payroll department to automatically deduct a specific amount of your monthly salary and deposit it to a savings account.
3. Consider downsizing if your home is too big for you.
4. Sell the things that are not needed anymore
5. Make some investments of your money.

Take these suggestions to help you prepare yourself for the home buying process. If you are serious about buying a home, call Houses for Sale in Frisco TX. We at Frisco TX Real Estate provide useful tips and advice and are available to help you with your real estate needs.

You Want to Raise My Rent How Much?

http://housesforsaleinfriscotx.net/you-want-to-raise-my-rent-how-much/

We recently reported that investment purchases in 2014 fell 7.4% for the year, that combined with a diminished supply of distressed inventory allowing for big profits, has real estate investors looking for a new way to make more money in 2015.

So if they don’t have new properties to buy… how would they make more money? Easy… they are going to raise your rent!

A recent article from Bloomberg Business gave insight into exactly what the CEO’s of major investment firms are thinking.

“We are focusing aggressively on rent bumps,” American Residential Properties CEO Stephen Schmitz said during a panel discussion. “There’s a supply imbalance in some markets. The same thing that keeps occupancy high also drives rents.”

How Much Are They Going To Raise Your Rent?

Rental rates are predicted to increase 4% on renewals and as much as 5.7% for new tenants.

Haendel St. Juste, a Morgan Stanley analyst put it this way:

“The focus is now on optimizing revenue, compared to getting heads in beds,”

So What Can You Do?

If you are one of the millions of renters out there dreading the day that you have to renew your lease, or planning to move into a new rental property, now may be the time to sit with a real estate professional and evaluate your ability to lock in your housing cost, by buying now.