Are you thinking about buying a home? If so, you're probably wondering whether to buy a resale home or a new construction home. Both have their own advantages and disadvantages, so it's important to weigh them carefully before making a decision.

Here are some of the key differences between resale homes and new construction homes:

  • Price: Resale homes are typically more affordable than new construction homes. This is because they've already taken on some depreciation, which means the seller is recouping less of their investment.
  • Location: Resale homes are often located in established neighborhoods, while new construction homes are often located in newer developments. This can be a major factor for some buyers, as they may prefer the amenities…

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In Collin County and Texas in general the weather has been hot! However, we haven’t set a record yet since the most days over 100 degrees was something like 70 days over 100 degrees in a row! Wow that is hot! Is it possible to describe the single-family resale market in the same terms as our present weather? Yes and no. Median home prices were up about 2.3% in August compared to August of 2022. Median days on market was the same as last August. Even though prices have gone up slightly, offers on homes are down from August of 2022. Offers are coming in at 98.1% of list compared to 98.8% last year. Not a big difference, right? August 2022, we had only 2.1 months of inventory and this August we had 2.4 months of inventory of resale homes in Collin County.…

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Looking for a charming and family-friendly neighborhood in McKinney? Look no further than Fountainview! This neighborhood is located just minutes from downtown McKinney and offers a variety of amenities, including

  • Beautiful homes: Fountainview is home to a variety of beautiful homes, from traditional to modern styles
  • Excellent schools: Fountainview is served by some of the best schools in the area, including McKinney ISD
  • Proximity to downtown McKinney: Fountainview is just minutes from downtown McKinney, where you can find shops, restaurants, and entertainment.
  • Abundant green space: Fountainview is home to several parks and green spaces, perfect for enjoying the outdoors

If you're looking for a great place to raise a family,…

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Is the residential real estate profession the right one for you? The statistics say this profession has the highest turnover than any other profession. Other stats say that only 20% of realtors do 80% of the business. The cost can be high to be a realtor since it is commissioned based and realtors only keep part of the commission that they earn. Why you may ask? Realtors have to pay their Broker’s based on a percentage basis or by other means, there are real estate fees, marketing fees, office rent if you have one, equipment if you are on your own or possibly paying the Broker for those types of things and if you are going to be good you have to be continually looking for new business by lots of methods which takes time, knowledge and money. At this point…

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Those who think they can time the market are playing a “fools’ game”. Did I just say that! Why would consumers think they can predict the economy? Is it the right time to buy the right piece of property, yes, or no? The answer is always “yes.” Timing is a fool’s game. You should always be looking to buy the right piece of real estate. By studying history of the market, it allows you to be informed about the current conditions compared to history and that is very important.

Let’s just look at some information from a recent chart that Gary Keller shared at the Mega Camp of Keller Williams Realty. The chart was for the period of 1990 to 2023. In 2006 the median price of a home reached $222,000 which was 21% above the then-trend line. Meanwhile in 2023…

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Searching for a home to purchase can be fun or it can be tiring and stressful based on what we have heard from those trying to purchase a home. During the Covid period we saw a lot of frustration with people trying to find a home and then having to compete with multiple offers and losing their bid to someone who went way over list price. What are we experiencing in today’s market?

The DeBerry Team of KW works with lots of buyers during the year and therefore we get a lot of input. This year so far, we have seen more inventory coming on but still way below what is necessary to keep prices in check. Therefore, those in certain price ranges seem to be having a more difficult time finding the home they desire than those in higher price ranges. Why? Because…

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In July, The DeBerry Team has been busy helping home buyers find pre-owned homes as well as new construction homes. July for us was very active in both putting resale homes on the market and helping buyers find the homes they desire. You may ask, what was July like for resale homes in Collin County?

Let’s first understand some of the dynamics in the market at this time. Inventory of resale homes are lower and prices are higher overall with increased interest rates. These things together put a damper on sales for resale homes. Sometimes even negative local news is a factor in both buying and selling decisions. To get the real scoop on the real estate market in your area, speak with a Realtor. Sellers’ may say it is good time to sell due to fewer homes…

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Every homeowner, including myself, always has something to say about our property taxes. Each year I help many of my past clients by providing them with information to help them protest them. My team and I have been doing this for many, many years. It looks like we just may be getting some needed relief finally. However, some may say it comes at a cost in other areas and I am not one to argue that point because doing one thing may affect something else. However, with that said, this looks pretty good for home owners. The demand for homes is still strong in Texas. Interest rates may be holding some people back who already own their home from putting them on the market but over the last couple months we have seen some changes in that area as well. It is a…

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Our team has just listed a wonderful 4 bedroom 3 bath home with approximately 2,588 square feet of living space in Richardson Texas. It is located in the in the  Plano ISD school system. This home has beautiful wood flooring and other amenities such as a see-thru fireplace. This home is a must see! Contact The DeBerry Team at 214-215-5106 if interested. 

Richardson, Texas is a great place to buy a home. It's a vibrant city with a lot to offer families, professionals, and retirees alike. Here are just a few reasons why you should consider buying a home in Richardson:

  • Safe and family-friendly: Richardson is a safe and family-friendly city with a low crime rate. It's also a great place to raise kids, with plenty of parks, playgrounds, and other…

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Does this sound familiar? Where are we in Collin County on resale homes? Inventory for them has not increased to 2019 levels, yet. Demand was not as high for resale homes based on pending sales in June compared to the last 4 years. Interest rates have gone up and down but not as good as they were over the past few years. Will they ever return to where they were? To be frank, no. Get use to the new normal.  Medium home prices were lower than last June for a resale home. However, they were higher than what they were in May. What does this mean? The market is stabilizing and that is all it means.

Yes, we can all look at our “real estate crystal ball” and say one thing or the other. The fact is the fact. Inventory is still lower than it was in 2019 for…

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