I blogged not to long ago about the misconception of qualifying for a mortgage. I also wanted to let people know about first time home buyer assistance programs that might be able to assist people with a home purchase. I have provided a link to this information http://www.txhomeprograms.org. Of course you can always call us at 214-215-5106 and we will be happy to assist you. Thank you for allowing "The DeBerry Team to be of service.

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Below are the 1st quarter statistics for 3 & 4 bedroom and plus statistics. This information was provided by North Texas Real Estate Information Systems. Remember these are stats for the whole of Collin County by month by many not reflect what is actually going on in your neighborhood or subdivision. If you require information on getting the value of your home, please call Roxanne DeBerry with "The DeBerry Team" of Keller Williams Realty. I hope you find this information beneficial.

1st Quarter Statistics              
COLLIN COUNTY Single Family-All Price Ranges-Resale-All Sizes-All Ages (years)  
Median Figures 3 Bedroom       4 Bedrooms and Up    
Category Jan Feb

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As a realtor I get this question frequently. First, it really depends on your personal situation. If you are a first time home buyer without a home to sell then the market may dictate your decision as well as interest rates. For those who have homes to sell then the market doesn't make as big a difference but interest rates may bear on your decision. Why doesn't the market matter for those who own homes. If the market is up then you will get a premium when you sell your home and when you go to purchase you will have to purchase at a premium as well. If the market is down then you may get less for your home but you will also pay less for the next one so the market doesn't play a big factor in the decision. However, mortgage rates may be a factor for you as…

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The 4th Quarter result are in for Dallas & Collin County! In Dallas we saw a steep drop of units sales from Q3 To Q4 This was also evident in Collin County. Inventory of homes for sale also showed a steep decline in both counties from the 3rd to 4th quarter. Part of this effect is normal due to the holiday season. The average price in Dallas remained stable through the end of 2014. In Collin the average price of homes continued to climb through the end of the year. What does this mean for 2015? I believe that we will continue to see multiple offers on homes in the area since the inventory of homes for sale is very low. Until the inventory moves up to balance the demand we will continue to see escalating prices in some areas more than others. Mortgage rates…

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Some people just say I want to go look at homes in a certain area but never really have the criteria that matters most written down so they can evaluate the key things that will make their home choice the right one. You sort of picked an area, why? Because of it's location to your work, schools, shopping, parks and recreation or maybe family members.

Are you looking in the area that is going to give you the most bang for your buck? In other words is getting the most for your dollar really important? Are homes you are looking at meet that criteria? Is drive up appeal important? Is the looks of the neighborhood important? Is a new home more preferable than a pre-owned and why is it more important?

Are their going to be drawback to the home? On a busy…

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I was asked the other day why I joined Keller Williams Realty? First, let me give you a little history. I had been a part of a company that changed hands a couple of times. My first big company I worked for in Plano was Paula Stringer Realtors and they sold out to Merrill Lynch and then a while later sold to Prudential. Even that franchise went under some changes with one franchise selling out to another. However, I stayed with the companies even though they became different entities. Why did I stay? First, I was very comfortable, my split was acceptable, and I thought they provided me with an environment that helped me create business. In 2000, my husband came on board with me and started to analyze our business model and our expenses. I can remember him…

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Quick Calculation for Conventional

  • Closing Cost is estimate of $3150 PLUS 1% of loan (i.e., if loan amount is $100,000 the total estimated closing cost would be $4150).  PLUS

·       Prepaids should be calculated at 2% of sales price (i.e, $100,000 would be $2000)unless the sales price is over $300,000 then use 1.5%.   PLUS

  • Down payment is based on loan type and preference (line 3A of contract).  Minimum of 3% down (Restrictions apply)
  • There is no Upfront MI or Funding Fee.  PMI is paid until 20% equity (unless paid upfront as a one time cost)

·       Conforming up to $417,000  (Jumbo over $417,000)

·       Risked based pricing depending on credit score and down payment.

  • Typically, the seller is allowed to pay closing…

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We all would like to stay motivated all the time. However, that is difficult if not impossible or is it? Here are the ways I stay motivated.

  1. Set goals that are achievable
  2. Focus on those goals weekly
  3. Have someone to hold me accountable to my goals
  4. Read something positive daily to keep me motivated
  5. Create a weekly plan broken down by each day-set a priority
  6. Recap weekly about my accomplishments-work on those that need to be improved
  7. Say positive affirmations every morning
  8. Be thankful for all the things that come your way even the things that are difficult. Especially the ones that are difficult!
  9. Participate in training
  10. Take Action-Keep the distraction out of your life as much as possible so that you can accomplish great…

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Quick Calculation for USDA


·      $100,000 total of pocket (for closing cost and prepaids) is $6075.

·      For each $1000 up or down add or subtract $30 ($101,000 would be $6105; $99,000 would be $6045).  Try it a couple of times and call us if questions. 

·      There is no down payment required  (line 3A of contract).

·      There is an upfront Guarantee Fee that is rolled into the note (calculate it at 2.00%)

·      Seller is allowed to pay all reasonable closing cost and prepaids (up to 6% of the sales price)

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This year is drawing to a close. Inventory of pre-owned homes has remained low which has escalated prices for homes. However, we have seen a slight slowdown on the price increase lately. Interest rates remain good for home buyers. What can we expect in 2015? I don't have a crystal ball but if I were to make an educated guess, I believe we will see interest rates climbing slowly throughout this next year. Home prices will continue to remain on the high side because of the lack of inventory. This could change if we see less demand in buying or more people looking to sell. If our economy in the U.S. continues to improve this will help all states. However, Texas is already way ahead of most in the economic performance area. The only thing that could hurt our…

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