Real Estate Market Report for Addison, Texas: April 2020Residential Real Estate For Sale in Addison TexasThe total number of currently available residential properties for sale in Addison, Texas is 28, and last month there were 24.  Of the 28, 25 are pre-owned and 3 are new construction. Currently for sale, there are: 8 single family homes (ranging in price from $277,840 - $1,899,000) 1 half-duplex ($315,000) 11 condos ($180,000 – $399,900) 8 townhomes ($329,000 - $499,900) Sixteen of the 28 available homes have been on the market for longer than 30 days.  Homes are taking longer to sell as the market continues to correct.The average number of days on the market for the “active” status, pre-owned homes is 56 days as compared to 35 last month). The median number of days on the market is ... 05/01/2020

Veterans now have access to a new VA renovation loan to refurbish or remodel their homes.  This loan program is available for new home purchases as well as for remodeling homes currently owned by the veteran.  It is estimated that over 50% of homes nationally are 40 years or older, and in the current housing market many homes are in need of updating, addressing deferred maintenance, or improving the energy efficiency of homes to lower utility costs.VA loan benefits include the following unique advantages:  a.  up to 100% financing, b.  no mortgage insurance, c.  up to $ 35,000 in renovation funds escrowed, d.  all renovations must be completed within 60 days of closing, e.  you can close on a purchase or refinance in the “as is” condition, f. you can borrow against the future value of t... 04/09/2020

Real Estate Market Report for Addison, Texas: March 2020Residential Real Estate For Sale in Addison TexasThe total number of currently available residential properties for sale in Addison, Texas is 24, and last month there were 26.  Of the 24, 20 are pre-owned and 4 are new construction. Currently for sale, there are: 6 single family homes (ranging in price from $315,000 - $1,899,000) 1 half-duplex ($259,900) 9 condos ($159,900 – $549,900) 8 townhomes ($338,995 - $499,900) Eleven of the 24 available homes have been on the market for longer than 30 days.  Homes are taking longer to sell as the market continues to correct.The average number of days on the market for the “active” status, pre-owned homes is 35 days (as compared to 49 last month). The median number of days on the market is 1... 04/01/2020

There are many benefits to a VA home loan. It’s important to know how these loans can help you. First, thank you for your service to our country. According to the Mortgage reports, VA loans stand apart for its combination of low rates, lenient underwriting, and secondary benefits. These are 10 Addison Texas VA loan benefits in 2020. These are:        No down payment on a VA loan        No mortgage insurance        VA loans have a government guarantee        Your ability to shop and compare VA loans        VA loans don’t allow a prepayment penalty        They come in many varieties        It’s easier to qualify for a VA loan        VA loan closing costs are lower        The VA loan offers funding fee flexibility    VA loans are assumable Backed by the U.S. Department of Veterans Affairs,... 03/25/2020

We are not required to be quarantined in our homes in Addison, Texas at this time, but many of us are sheltering in place, nonetheless. If we do venture out for groceries, what we're looking for may not be available on the grocery shelves. All Addison restaurants are closed for dining in, but many still have employees cooking in the kitchens. Some restaurants are offering take-out and delivery services, some have drive-thrus and curbside pickup. A few restaurants have closed until further notice. Here's a link to special offers, promotions, and closings for Addison restaurants. And here's a link to grocery stores in and around Addison, some having special hours for seniors to shop. Please support our local restaurants - we want them to survive and be ready for us when we return in drove... 03/21/2020

There are many benefits to a VA home loan. It’s important to know how these loans can help you. First, thank you for your service to our country. According to the Mortgage reports, VA loans stand apart for its combination of low rates, lenient underwriting, and secondary benefits. These are 10 VA loan benefits in Addison Texas in 2020. These are:      No down payment on a VA loan      No mortgage insurance      VA loans have a government guarantee     Your ability to shop and compare VA loans     VA loans don’t allow a prepayment penalty     They come in many varieties      It’s easier to qualify for a VA loan     VA loan closing costs are lower     The VA loan offers funding fee flexibility    VA loans are assumable Backed by the U.S. Department of Veterans Affairs, VA loans are design... 03/12/2020

Real Estate Market Report for Addison, Texas: February 2020 Residential Real Estate For Sale in Addison TexasThe total number of currently available residential properties for sale in Addison, Texas is 26, and last month there were 30.  Of the 26, 22 are pre-owned and 4 are new construction. Currently for sale, there are: 9 single family homes (ranging in price from $299,000 - $1,150,000) No half-duplexes 9 condos ($180,000 – $549,900) 8 townhomes ($338,995 - $499,900) Sixteen of the 26 available homes have been on the market for longer than 30 days.  Homes are taking longer to sell as the market continues to correct.The average number of days on the market for the “active” status, pre-owned homes is 49 days as compared to 51 last month). The median number of days on the market is 39 da... 03/06/2020

Special Government Home Renovation Loan Program using FHA 203k Rehab Loans in Addison Texas.Many people are not aware of a special government loan program that is part of the Federal Housing Administration or FHA (a department within HUD). A buyer or existing home owner can do meaningful amounts of remodeling or updates to their existing home without having a higher cost second lien thanks to this special FHA loan program.However, this loan program doesn't allow for "luxury items" in your home such as a swimming pool, hot tub, or other accessories. Although, you can repaint, replace flooring and appliances, add a room to an existing structure (which can add to value tremendously as you increase the square feet of your home) as well as remodel cabinetry in kitchens and bathrooms.This loa... 02/27/2020

The benefits of a preapproval (not prequalification) for Addison TX Home Loans. Many consumers are not informed on the proper way for buying a home. No question, this is a big decision, and one that can be either immensely stressful- or immensely enjoyable- depending on how you go about the home buying process of Addison TX Home Loans and the surrounding areas. The key is to take the proper steps to educate yourself on your buying power, initial investment, and taking some time to think about your lifestyle choices. This article will cover all of these.   Education    The steps necessary to purchasing a home in Addison, Texas starts with getting pre-approved for your home loan. Notice we did not say get prequalified- in today’s world a prequalification is not meaningful. You should choo... 02/24/2020

There are many benefits to a VA home loan. It’s important to know how these loans can help you. First, thank you for your service to our country. According to the Mortgage reports, VA loans stand apart for its combination of low rates, lenient underwriting, and secondary benefits. These are 10 VA loan benefits in Addison TX in 2019. These are:        No down payment on a VA loan        No mortgage insurance        VA loans have a government guarantee        Your ability to shop and compare VA loans        VA loans don’t allow a prepayment penalty        They come in many varieties        It’s easier to qualify for a VA loan        VA loan closing costs are lower        The VA loan offers funding fee flexibility    VA loans are assumable Backed by the U.S. Department of Veterans Affairs,... 02/10/2020

Real Estate Market Report for Addison, Texas: January 2020Residential Real Estate For Sale in Addison TexasThe total number of currently available residential properties for sale in Addison, Texas is 30, and last month there were 34. Of the 30, 19 are pre-owned and 11 are new construction. Currently for sale, there are: 8 single family homes (ranging in price from $302,000 - $1,150,000) No half-duplexes 14 condos ($159,000 – $549,900) 8 townhomes ($349,000 - $499,900) Fifteen of the 30 available homes have been on the market for longer than 30 days. Homes are taking longer to sell as the market continues to correct.The average number of days on the market for the “active” status, pre-owned homes is 51 days as compared to 82 last month). The median number of days on the market is 15 days... 02/01/2020

Bobcats, coyotes, and critters! Oh my!     Addison's Mayor, Joe Chow, addressed the issues of coyotes at the monthly Mayor's Coffee yesterday. He told us that according to the State of Texas, it doesn't do any good to try to relocate them. We need to have a live-and-let-live philosophy with them. And don't feed them! I hope that's the last I see of Wile E. Coyote. Beep! Beep!   01/09/2020

Real Estate Market Report for Addison, Texas: December 2019Residential Real Estate For Sale in Addison TexasThe total number of currently available residential properties for sale in Addison, Texas is 34, and last month there were 32. Currently for sale, there are: 11 single family homes (ranging in price from $294,900 - $1,400,000) No half-duplexes 19 condos ($125,000 – $549,900) 4 townhomes ($341,900 - $499,900) Twenty seven of the 34 available homes have been on the market for longer than 30 days. Homes are taking longer to sell as the market continues to correct.The average number of days on the market for the “active” status, pre-owned homes is 82 days as compared to 74 last month). The median number of days on the market is 63 days, compared to last month’s 67 days. New listings i... 01/01/2020

Being a Addison Texas First Time Homebuyer makes you have to consider your options before you buy. The first thing you will need to consider is what your long-term goals are with being a home owner and how your goals fit in with that plan. One goal could be to stop paying rent that just increases after every lease you renew.Buying your own home first is one of the happiest times of your life! However, a lot of paperwork and time goes into it and finding a lender with great reviews will ease much of the stress. But, the satisfaction you get from your first home closing is something you will never forget! The benefits of being a Addison Texas First Time Homebuyer greatly outweighs renting for the following reasons:          Greater privacy.          Homes typically increase in value the o... 12/28/2019

The benefits of a preapproval (not prequalification) for Addison Texas Home Loans. Many consumers are not informed on the proper way for buying a home. No question, this is a big decision, and one that can be either immensely stressful- or immensely enjoyable- depending on how you go about the home buying process of Addison Texas Home Loans and the surrounding areas. The key is to take the proper steps to educate yourself on your buying power, initial investment, and taking some time to think about your lifestyle choices. This article will cover all of these.   Education   The steps necessary to purchasing a home in Addison, Texas starts with getting pre-approved for your home loan. Notice we did not say get prequalified- in today’s world a prequalification is not meaningful. You should... 12/11/2019

Real Estate Market Report for Addison, Texas: November 2019Residential Real Estate For Sale in Addison TexasThe total number of currently available residential properties for sale in Addison, Texas is 32, and last month there were 41. Inventory is decreasing! Currently for sale, there are: 9 single family homes (ranging in price from $295,000 - $1,400,000) No half-duplexes 17 condos ($125,000 – $469,000) 6 townhomes ($331,900 - $594,900) Twenty five of 32 xx available homes have been on the market for longer than 30 days. Homes are taking a little longer to sell as the market continues to correct.The average number of days on the market for the “active” status, pre-owned homes is 74 days as compared to 59 last month). The median number of days on the market is 67 days, compared to last ... 12/07/2019

Veterans now have access to a new VA renovation loan to refurbish or remodel their homes.  This loan program is available for new home purchases as well as for remodeling homes currently owned by the veteran.  It is estimated that over 50% of homes nationally are 40 years or older, and in the current housing market many homes are in need of updating, addressing deferred maintenance, or improving the energy efficiency of homes to lower utility costs.VA loan benefits include the following unique advantages:  a.  up to 100% financing, b.  no mortgage insurance, c.  up to $ 35,000 in renovation funds escrowed, d.  all renovations must be completed within 60 days of closing, e.  you can close on a purchase or refinance in the “as is” condition, f. you can borrow against the future value of t... 11/22/2019

Being a Addison TX First Time Homebuyer makes you have to consider your options before you buy. The first thing you will need to consider is what your long-term goals are with being a home owner and how your goals fit in with that plan. One goal could be to stop paying rent that just increases after every lease you renew.Buying your own home first is one of the happiest times of your life! However, a lot of paperwork and time goes into it and finding a lender with great reviews will ease much of the stress. But, the satisfaction you get from your first home closing is something you will never forget! The benefits of being a Addison TX First Time Homebuyer greatly outweighs renting for the following reasons:          Greater privacy.          Homes typically increase in value the older t... 11/20/2019

The benefits of a preapproval (not prequalification) for Addison TX Home Loans. Many consumers are not informed on the proper way for buying a home. No question, this is a big decision, and one that can be either immensely stressful- or immensely enjoyable- depending on how you go about the home buying process of Addison TX Home Loans and the surrounding areas. The key is to take the proper steps to educate yourself on your buying power, initial investment, and taking some time to think about your lifestyle choices. This article will cover all of these.   Education   The steps necessary to purchasing a home in Addison, Texas starts with getting pre-approved for your home loan. Notice we did not say get prequalified- in today’s world a prequalification is not meaningful. You should choos... 11/04/2019

 Real Estate Market Report for Addison, Texas: October 2019Residential Real Estate For Sale in Addison TexasThe total number of currently available residential properties for sale in Addison, Texas is 41, and last month there were 34. Inventory is increasing! Currently for sale, there are: 13 single family homes (ranging in price from $300,000 - $1,400,000) No half-duplexes 15 condos ($158,000 – $469,000) 13 townhomes ($331,900 - $654,900) Twenty of the 41 available homes have been on the market for longer than 30 days. Homes are taking a little longer to sell as the market continues to correct.The average number of days on the market for the “active” status, pre-owned homes is 59 days as compared to 65 last month). The median number of days on the market is 46 days, compared to last mo... 11/02/2019