North Texas Real Estate & Community News

Jan. 20, 2023

New Listing In McKinney, Texas

Check Out This Beautiful Listing!

Fabulous Opportunity just blocks from Historic Downtown!

Bring your design ideas and make this home exactly what you want. This 3 bedroom, 2 bath home has an unfinished bonus room and sits on a large corner lot with a plethora of trees. Perfect as a family home or a great investment opportunity near historic downtown McKinney.

Open floor plan features a spacious kitchen with dining nook and the breakfast bar opens to the family room. The study could be used as a second living area and opens to the bedrooms. The bonus flex space has been converted from an open breezeway and now connects the garage to the main house. This large flex space can become anything you want - game room, artist studio, music room, craft room, on-site storage, and more....the possibilities are endless.

There is also an oversized two car garage with plenty of extra storage. Bring your ideas and make your dreams come true in this home full of potential in Downtown McKinney.

If you would like more information about this home connect with Julie Baker REALTOR® 972-965-2301

MLS#20240077

 

Posted in Blog
Jan. 16, 2023

Understanding The Current Market

Understanding The Current Market

Facebook Live

Are you wondering how the current market could affect you as a home buyer or home seller in 2023?

Join The North Texas Top Team, REALTORS® Brittany Frost REALTOR®, Melissa Hailey Broker, and Thomas Ross Mortgage Loan Consultant with First United Mortgage on Facebook Live! 

January 19th at 6:30pm 

Join us on Facebook

Posted in Blog
Jan. 6, 2023

Gorgeous Home For Sale in Plano, Texas!

Check Out This Gorgeous Home

3 bedrooms & 2 bathrooms

Stunning Updated Home in Desired & Quiet Location with Wonderful Schools. Updates & Upgrades Throughout. 3 Bed, 2 Full Bath & 2 Car Garage.

Fresh Carpet, Bright Paint, Stunning Quartz Countertops in Kitchen & Bath. Double Oven, Cooktop Has Gas Line Avail. Impressive Upgraded Bath with Rain Shower System. The Perfect Stand Alone Tub in Primary Bath, Frameless Shower & Double Shower Head, Double Vanities & Upgraded Tile.

HUGE Walk-in Custom Closet with Extra Storage. Smart Cordless 2 Inch Blinds Throughout! Kitchen Opens Up to Light & Airy Family Space. Covered Patio Perfect For Entertaining All Year Round, Large Backyard Ready for Your Landscape Ideas. Hardwoods in Formal Living & Dining Areas with Fireplace!

Easy access to 75-Central, HWY 121, Dallas N Tollway and George Bush Tollway. Minutes from Legacy Shopping Area, & World-Class Shopping & Dining. Great Community Amenities, Recreational Centers, Bike Trails & Nature Parks. A Must See!

For more information connect with Raegan Hailey REALTOR®

📞214-621-6255

Posted in Blog
Dec. 23, 2022

Gorgeous Home For Sale in Aubrey, TX!

Welcome home!

 

This gorgeous Perry Home is move-in ready! As you enter the front door, you are greeted by tall ceilings, wood look tile floors, and an abundance of natural light. Office with oversized French doors off entryway. Split third bedroom has a separate bathroom featuring a large stand up shower perfect for a Mother-In-Law Suite. The living room boasts tall ceilings, a beautiful gas fireplace, and is open to the gorgeous kitchen. Large island wrapped in custom wood cabinetry. Easy to maintain quartz countertops complemented by tile backsplash. Stainless steel appliances including a gas cooktop. Refrigerator, washer & dryer convey. Media room can be used as a game room or home gym. The Primary bedroom is private, has brand new carpet and boasts an oversized car wash shower with dual shower heads in the bathroom. His and hers closets provide ample storage. The 3rd car tandem garage has an exterior door and concrete pad for easy access to the backyard. New roof replaced in 2022.

MLS# 20213519

For more information connect with Brittany Frost REALTOR®

📞469-525-5265

Posted in Blog
Dec. 20, 2022

Build Your Own Home in Royse City, Texas

Bring your own custom builder to build the house of your dreams on this 2-acre lot with a private pond!! There is plenty of opportunity to enjoy some privacy with the many mature trees scattered about the property. Imagine waking up and walking out on your back patio to enjoy a cup of jo and the ambiance of the pond and whimsical wooded area. Located in the highly-desirable community of High Point Ranch that features large lots and wide-open spaces. NO CITY TAXES. Explore nature along the winding hike and bike paths that separate the community playground and the 100-acre neighborhood members-only lake. The amenity area provides plenty of space to run, play, picnic, fish or even kayak. Homes in this neighborhood are priced from $700k to over $1M. This beautiful neighborhood is secluded enough for that peaceful country feel but conveniently located just a short drive from major highways, shopping and dining. Just minutes away from The Harbor at Lake Ray Hubbard and downtown Royse City. 

For more information connect with Nina Lopez REALTOR® 214-794-3479

Posted in Blog
Dec. 15, 2022

Making Spirits Bright - Thank you!

Making Spirits Bright This Holiday Season!

Thank you for joining The North Texas Top Team, REALTORS® in giving back to The Children's Advocacy Center of Collin County! 

This December, we held a toy drive in benefit of The Children's Advocacy Center of Collin County. So many people came out and donated lots of toys, clothes, and many, many hand made blankets! You are truly amazing! This makes such an impact for the children and families of Collin County!

Thank you!! 😀

 

 

Posted in Blog
Dec. 13, 2022

Living in Lovejoy - Lovejoy ISD Homes For Sale

 

Living in Lovejoy - Lovejoy ISD Homes For Sale

Schools and real estate go hand-in-hand.  Even people who don’t have school-age children usually want to buy a home in an area with good schools.  Resale value is generally perceived to be higher in areas that are known to have highly-rated schools. 

One of the top-rated public-school districts in North Texas is the Lovejoy Independent School District. Lovejoy ISD is an exemplary district serving students in Fairview, Lucas, and Allen, Texas. They have a low student-teacher ratio (around 15 to 1) and students score well in most subject matters.

While the average tax-assessed value in the Lovejoy ISD area is approximately $800,000 at this time, you can still find more affordable houses in the Lovejoy ISD area.  Currently there are 22 homes for sale in Lovejoy ISD priced under $400,000.  Click here to view the most current list of homes for sale in Lovejoy ISD.

Lovejoy ISD campuses include Carrie L. Lovejoy Child Development Center, Hart Elementary SchoolPuster Elementary SchoolSloan Creek Intermediate SchoolWillow Springs Middle School, and Lovejoy High School.

Whether you have school-aged kiddos or not, there is so much to love about living in the areas served by Lovejoy ISD.  Nearby shopping, dining, golf, plus outdoor activities at city parks and Lake Lavon all provide a great quality of life in this area.  If you are interested in seeing homes for sale in Lovejoy ISD areas, please contact our team today and we can help you begin your journey to home ownership here.

 

Posted in Areas We Serve
Dec. 6, 2022

Join Us This December In Giving Back!

Supporting our communities is such a vital part of the North Texas Top Team, REALTORS®. We host several events honoring our communities through out the year and this December we are hosting a toy drive in benefit of the Children's Advocacy Center of Collin County. 🚚🏀
If you would like to join us this December connect with us for more information!
📞469-759-3899
If you would like to give back but maybe not at this moment, check out the Children's Advocacy Center website to learn more about the needs: 😁
Posted in Blog
Dec. 2, 2022

Forbearance is NOT Forgiveness

Forbearance is NOT Forgiveness

You may remember just a few short years ago when the CARES Act came about due to the pandemic.  One of the facets of the CARES Act was the ability for home owners with a mortgage to enter into Forbearance.  You may have taken that option at the time, and you may still be wondering how that may affect you as our world is recovering from the pandemic.  If you were not affected during the height of the pandemic, but you are now facing financial hardships – you may be wondering if a forbearance is an option for you.  Here are some important things to know about mortgage forbearance.

Let’s start at the beginning…..What is forbearance?

Forbearance is when you and your mortgage company agree to temporarily suspend or reduce monthly mortgage payments for a specific period of time. Forbearance lets you deal with your short-term financial problems by giving you time to get back on your feet and bring your mortgage current. The missed payment amounts are not forgiven, they will have to be repaid in one of several ways.  Let’s review some of the options for repayment after forbearance.

Payment in full after forbearance

In this type of repayment plan, the unpaid amounts the accrued during forbearance are due immediately after forbearance. The forbearance timeframe is usually 6 months to 1 year.  This option allows you to pause your monthly mortgage payments on a temporary basis. However, you’ll need to pay everything back all at once when the forbearance period ends. You may consider this similar to a balloon payment. Unless you can pay all amounts due back after the forbearance period, this was likely not the best option for you.

Payment reduction

This forbearance option allows your mortgage loan servicer to reduce your monthly payment amount for a specific period of time…. usually 12 months.  Once the arrangement comes to an end, you will repay those “skipped” portions of your payments over 12 months.   Here is an example of how that might work:  Your current payment is $1500 per month. Your lender agrees to accept $1200 per month for the next 12 months (saving you $300 per month for a short period of time).  At the end of the 12-months you will be required to pay back the shortfall ($300 x 12 = $3600).  Since the bank will require you to repay that, the next 12 months your house payment will be $1800 per month (regular payment plus the shortfall).  It is very important to be sure that you can afford to make the post-reduction payments before agreeing to this forbearance option.

Paused payments

This option is the most common type of forbearance agreement that was used during the Pandemic.  In this option, your mortgage servicer/lender/bank allows you to pause making mortgage payments for up to one year. Those delayed payments are added onto the end of your loan and extend your repayment time frame. Since this is likely the best option for a successful forbearance repayment, most people expected this to be the option given to them.  However, make sure to have a conversation with your lender/servicer to be sure you understand how your specific forbearance works.  Don’t just assume this is the way it will work. Call and verify the details.

 

Other things to consider

If you are facing a financial hardship (for any reason), reach out to your mortgage bank, mortgage lender or mortgage servicer to explain your hardship. Be prepared to answer questions about your specific financial situation.  They will likely ask about your income, expenses, and assets (like the money you have in savings).

While the pandemic isn’t as big of a concern today, if you’re experiencing a hardship due to implications from COVID-19, you may still want to ask for a forbearance (it was offered to everyone during the height of the pandemic). For private mortgage loans (those not owned or backed by the government) you can ask your bank about available hardship options. It may also be helpful to research whether your state has specific mortgage relief provisions in advance so you’ll be familiar with your rights.

You should also ask the lender/servicer how their process goes when the forbearance period ends. At the end of your forbearance period, will you need to make up delayed payments immediately? Will skipped payments be applied to the end of your loan? It’s critical to gather these details upfront so you’ll know exactly what to expect.

Take great notes.  Make sure to document everything. If your lender or servicer grants you a special payment accommodation, ask for a copy of the arrangement in writing. Store your documents in a safe place.

Be aware of your credit score.  By entering into a forbearance agreement with your mortgage lender this “could” affect your credit in a negative way, but it may not.  A portion of the CARES Act amended the Fair Credit Reporting Act, which could impact your specific situation

Posted in Blog
Nov. 23, 2022

Thankful For You!

 

We are widely recognized as the preeminent real estate company in North Texas and we serve the entire Collin County area. We are known for developing quality working relationships with our clientele; relationships based on respect, integrity, and trust. The North Texas Top Team has developed beneficial relationships with lenders, inspectors, contractors, and a wide range of housing professionals. We pride ourselves on building a solid foundation for your home to rest upon. Whether you are buying a home, selling a home, or both… we ensure that you have the support you need to make to make sound decisions and receive the best deal possible. We go the extra mile for you!

 

The North Texas Top Team agents take the time to listen to your needs and dreams. We work tirelessly to facilitate your goals without compromise. We are committed to treating every client as if they are our #1 priority.

 

We are so Thankful to have the opportunity to help our communities each year through community outreach, and in helping people navigate important stages in their life. 

 

We are so Thankful for you! 

Posted in Blog