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Real Estate Blog

 Real Estate Blog 
Friday, July 29 2011

With modern technology there is always some new feature or “app” you can do or use to make your life easier – sometimes it is more fun – and sometimes just a good idea! 

 

The City of Plano just announced that you can access “Fix It Plano” on the go!   As a resident if you see something within the City that needs to be fixed or repaired you can report it via text, toll-free number, on the web or via a free mobile app!   And the City will even keep you up to date on the progress of the repair.  You can report the item any time day or night.  

 

Check it out here

 

Of course if you are looking to buy or sell a home in Plano you should contact us,

Reechia or Keith

 

Helping you find your home is our goal,

Getting you through the process is our expertise!

Posted by: Reechia Powell AT 08:05 am   |  Permalink   |  0 Comments  |  Email
Thursday, July 14 2011

Pride of ownership resides in this wonderful 2 story home in Plano’s popular Stoney Hollow community.  Large rooms, good use of space, great yard – everything you are looking for!  

Details here!

Helping your find your home is our goal,

Getting you through the process is our expertise! 

 

Keith & Reechia Powell

 

Posted by: AT 09:21 am   |  Permalink   |  Email
Tuesday, July 12 2011

One level living at its best!  Large lot, lush yard.  Spacious and well cared for home with an ideal location.   Truly a must see & won’t disappoint! 

 

Details here!

 

Helping your find your home is our goal,

Getting you through the process is our expertise! 

 

Keith & Reechia Powell

 

 

Posted by: Reechia Powell AT 02:55 pm   |  Permalink   |  Email
Wednesday, July 06 2011

Here are three great financial reasons why you should not wait before taking the plunge into homeownership.

1. The 30-Year Mortgage May Disappear

There has been much debate regarding government's role in providing support for homeownership. There are several experts who believe if Fannie Mae and Freddie Mac's roles are eliminated, or even limited; it may be the end to the 30-year mortgage.

2. QRM Requirements Could Be Much More Stringent

Here are proposed changes to the requirements for a 'qualified residential mortgage':

· Certain mortgage types would be eliminated

· You would need to put a minimum of 20% down

· You would need a minimum 690 FICO score

· The ratios of income to both the mortgage payment and overall debt would become much more conservative (28% and 36%)

There would be loans available to purchasers who don't qualify under the new rules. However, they will probably be more expensive to the buyer (both in rate and costs).

3. Rents are Expected to Increase

The supply of available rentals is decreasing and the demand is increasing. That will lead to an increase in rental costs throughout the year. The Wall Street Journal recently quoted a report by Reis, Inc in which it states, "Expect vacancies to continue declining, and rents rising through the rest of 2011 at an even faster pace."

Bottom Line

You may be waiting on the sidelines to see if prices will continue to depreciate before you purchase a home. The mortgage expense is a major piece in the overall financial picture of homeownership. Make sure you consider it when timing your decision.

Helping you find your home is our goal

Getting you through the process is our expertise!

Reechia & Keith Powell

Homes for Sale in Plano

 

Posted by: Reechia Powell AT 09:40 am   |  Permalink   |  Email
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Reechia Powell

Reechia Powell Realty Group
301 S. Watters Road #100
Allen, TX 75013
Phone: (972) 979-9978
Email: Reechia@Reechia.com

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