Real Estate Income

Secure your future with the help of real estate. Real estate has the potential to create multiple income streams. Rental properties, for example, offer a consistent monthly income. All you have to do at the end of the month is to collect. This is a hassle-free source of passive income.

Investing for the Future

Owning a home is a lifelong dream for many. Having your own property offers security for you and your family. You won’t have to pay a monthly bill to a landlord once you own a home. This is a secure way for you and your family to gain financial freedom. Make your life your own when you invest in real estate.

Stability in Assets

Real estate investments have stable growth. This is a stark contrast compared to stocks and bonds. With proper research, you can identify desirable locations that have the potential to appreciate significantly. You can rent your property out or sell it once it has appreciated in value. In real estate, you can reap twice as much as you’ve sown.

Investing in real estate is a daunting task made easy with the help of Mister Frisco. Secure a better future for you and your loved ones in this industry. Call us now, and we will help you carve a path toward financial growth.

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Ideal Budget

Before you start looking at homes, it’s essential to determine your budget. Considering your current income, savings, and other expenses, determine how much you can afford to spend on a home. You can work with a financial advisor, CPA, and lender to determine the best home loan options. Knowing your budget will help narrow your search and save time on properties out of your price range.

Finding Your Priorities

Everyone has different priorities when it comes to finding their dream home. Some people want a large backyard for their children or pets to play in, while others want a home close to their workplace or local amenities. Make a list of your most essential features, such as the number of bedrooms and bathrooms, the location, the type of neighborhood, and any specific amenities you’re looking for.

Researching Homes

Once you’ve identified your priorities, start doing your research. Look at real estate listings online and attend open houses to understand what’s available in your price range. Pay attention to the size and condition of the homes and any amenities that are important to you. You may also want to research the local schools, crime rates, and other factors impacting your quality of life in the area.

You can never go wrong with having a renowned realtor like Mister Frisco on your side. Let us help you in finding your ideal home. Contact us now and schedule a tour to find your dream home!

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Kitchens

When people move into a new home, one of the first upgrades they typically make is to the kitchen. Installing energy-efficient appliances, updating countertops, and replacing cabinet hardware can create an inviting and comfortable atmosphere for cooking and entertaining family and friends. Doing so can also increase the value of your home and save money in the long run with lower utility bills.

Baths

The next area of focus for upgrades is often the bathrooms. Replacing outdated fixtures and adding new tiles can quickly turn an ordinary bathroom into a luxurious retreat. Installing a low-flow showerhead, toilet, and sink faucet looks great and helps conserve water and reduce water bills.

Interiors & Exteriors

Upgrading the interior and exterior of a home is also very important. Installing new flooring, painting or wallpapering walls, replacing doors, and adding ceiling fans are all great ways to make a house feel like home. On the outside, people often add or replace siding and windows for increased energy efficiency and to improve the look of their home.

Security

Safety and security are also essential considerations when it comes to upgrades. For example, a home security system can provide peace of mind while protecting against burglaries or other intrusions. Installing smoke alarms and carbon monoxide detectors is another way to promote safety in a new home.

Landscaping

Finally, upgrades to the landscaping and lawn often add a great deal of visual appeal to a property. Adding trees, shrubs, flowers, and other plants can make an outdoor area look inviting while increasing privacy and improving air quality. Installing an irrigation system helps maintain healthy grass and plants with minimal effort.

Truly Yours

By strategically upgrading a home’s interior and exterior, people can turn an ordinary house into a comfortable, attractive, and secure place to live. Whether it’s making improvements to the kitchen or bathroom, upgrading flooring or doors, installing safety devices, or landscaping the lawn – these are just some of the first upgrades people typically make when moving into a new home.

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Spruce Up

First, take some time to spruce up the exterior of your home. Plant colorful flowers or repair broken shutters and deck railings that have been neglected over the winter. Doing so will help to create a warm and welcoming atmosphere for your guests before they even step inside.

Fun & Games

Second, plan some fun activities to entertain your guests at your party. Consider setting up a games area with corn hole, ladder golf, or other outdoor games. Social games will keep everyone engaged and having a good time.

Atmosphere

Third, create an inviting atmosphere with decorations and lighting. Add festive banners and hang string lights around your porch or patio for a cheerful ambiance. You can also decorate the inside of your home with potted plants and streamers to give it a lively feel.

Food & Drinks

Fourth, have plenty of snacks and drinks ready to go. Ensure you stock up on food, beverages, and supplies before your guests arrive so you won’t have to make a last-minute run to the store.

Enjoy!

Finally, remember to enjoy yourself! Hosting a party can be stressful, but taking a few moments to relax and be present is important. You’ll want to savor all of the joyous memories being made with your loved ones! Following these tips will help you create a memorable spring party that everyone will enjoy. Happy hosting!

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Listings vs. Median Price Past & Present

Sometimes the best way to appreciate the present is by looking at the past. For example, before the late real estate boom of 2018, in January 2018, active listings were 49,395 with a median price of $212,000. Fast forward to January 2023, and we see active listings at 52,715 with a median price of $275,000. With all the ups and downs over five years, it’s exciting to see median home prices increase by nearly 30%.

Historic Months of Inventory vs. List Median Price

Remember in the previous chart; we showed how six months of inventory is a balanced market, under six months is a seller’s market, and over six months is a buyer’s market? Here we see how, before the boom after 2018 (Jan 2018), it was clearly a seller’s market with five months of inventory available and a median list price of $239,900. Jump ahead to January of 2023, and we see a sustained five months of inventory but a bump in the median list price to $299,00. That’s almost a 25% increase in the median list price over five years. Also, as expected, fewer months of inventory on the market command a higher list median price, as seen in February through May of 2022, where two months of inventory spiked prices into the $350,000 range.

Inventory on the Market vs. Close Median Price

Considering the natural balance between supply and demand, the lower the inventory, the higher the close median price. Consider January 2018, which had five months of inventory and a close median price of $215,000. As inventory declined through July 2018, you can see the close median price increase to $242,000 – a 12.6% increase. However, we don’t see a corresponding decrease to 2018 prices once inventory returns to a 5-months level. Instead, in January 2023, the last time there were five months of inventory available, the close median price was $279,000 – a retained increase of 29.7%. Other price pressures are at work, favoring the seller.

Historic Count of Active Listings vs. Days on the Market

If you’re looking for solace in real estate trends, compare the numbers from Jan 2018 to Jan 2023. In January 2018, there were around 50,000 listings on the market lasting about 35 days. Looking at January 2023, we see active listings approaching 60,000, staying closer to 45 days on the market. So looking at the five years between January 2018 and January 2023, you see an almost inverse relationship between the number of active listings and the number of days on the market. 

It’s clear that with short inventory, the days on the market are much lower in July 2021, with 37,642 homes in inventory spending eight days on the market vs. July 2018, 60,668, 21 days. Of course, the inventory is still shorter, but the market is unique.

Active Listings vs. Close Price To Original Price Ratio

In January 2018, there were 49,395 properties listed for sale, and transactions closed at an average of 97% of the original listing price. Fast forward to January 2022, when there were only 31,029 homes on the market, and transactions closed at 100% of the original listing price. This data suggests buyers are more likely to pay closer to the listing price as inventory becomes more scarce. 

Historic months of Inventory on the Market vs. Closed Median Price

Returning to January 2018, we see historic months of inventory hovering around a little over four-and-a-half months. Here, the corresponding closed median price rested around $275,000. You see a price drop when there’s a sudden gain in inventory. Jump to January 2023, and you will see the reverse happening. As inventory begins to dip from a near peak of just over five-and-a-quarter months of inventory at the end of 2022, prices similarly spike during the same period, finishing January of 2023 at $300,000. Remember, however, that the bump in price is because of the low inventory on the market during 2021-22.

Although factors like interest rates, lifestyle features, and commutability all play a part in a local real estate market, it is still difficult to escape the law of supply and demand. If people want something, they will find a way to get it. However, that doesn’t mean your search for a new home has to be challenging. Contact Mister Frisco, Viktor Taushanov, when you’re ready to find your dream home.

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Millennials

According to the latest study from the National Association of Realtors®, the 2022 Home Buyer and Seller Generational Trends report examines the similarities and differences between recent home buyers and sellers across generations. Millennials made up the largest share of home buyers at 43% – the largest segment of home buyers. Buyer data breaks down Millennial groups into Younger Millennials aged 23 – 31 years old and Older Millennials aged 32 – 41 years old. Within these groups, Older millennials make up 25% of home buyers, compared to 18% of Younger Millennials. Why is this important to know? Understanding and marketing to a buying segment increase your chances of successfully selling your home.

If you imagine Millennial buyers doing everything online and forgoing a Realtor altogether, think again. Although young, college-educated, Millennials use tech in the home-buying process, they are also the most likely segment to enlist the help of an agent when buying and selling a home. So having a Realtor on your side puts you at a clear advantage. 

Gen X

Although falling behind Millennials in overall purchases, Gen X made a strong showing in very attractive buying behaviors. Also, according to the report, Gen X (aged 42 – 57) enjoyed the highest incomes, including married-couple dual incomes. More income translates into apparent price immunity because Gen X bought the most expensive and second-largest homes. Bucking the trend of downsizing for new empty-nesters, Gen X made a strong showing of buying multi-generational homes.

Boomers & The Silent Generation

There’s an undeniable trend among buyers from the Boomer and Silent Generation. For diplomacy, let’s say anyone over 57. Here, most home purchases were made primarily based on proximity to close family. Boomers and the Silent Generation also moved furthest and were more likely to downsize for the move. 

How I Can Help

Transactionally, selling a home involves many familiar tools of finance. But buying a home is primarily an emotional purchase. Nobody spends their final days talking about their home equity. They talk about where the kid’s swing set was, the block parties, and all the family holidays. My job is to educate you, the seller, about market conditions. I also work hard to increase the perception of value in your home for potential buyers. I also work hard to negotiate your sale to give you the best return on your investment in dollars and satisfaction. That’s my job as a Realtor.

Understanding who’s really in the marketplace is the first step to achieving the greatest financial and personal satisfaction in selling your home. I’m Viktor Taushanov, Mister Frisco. Let me show you how.

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Existing Home Sales

Economists love making charts. Their favorite right now is all about interest rates that keep rising. Real estate companies also like making charts, and right now, they’re heavily tracking home sales year over year. Although it can seem like the chart lines between interest rates and home sales seem to be moving in opposite directions, Frisco paints a different picture.

Home Prices

If you’re selling an existing home in Frisco, you can agree that halcyon days of asking any price and getting it has cooled. But existing home prices are nowhere near where they were, even less than two years ago. Although sales prices of existing homes have climbed down from their peak, they remain hundreds of thousands of dollars above their early 2021 prices.

Buyers or Sellers Market?

Ironically, the answer to both questions is yes. Rising interest rates have cooled competition between homesteaders and investment companies, so people wanting a place to live have a better chance of getting a home. Falling prices have also created another incentive for first-time home buyers. As they say, you buy the house, not the rate, so a refinance could be a strong move when rates decline. 

For sellers in Frisco, demand remains strong. Sure with money and friends, the more, the merrier, but small price decreases have kept demand strong. So if you want to sell your home in Frisco, you can find a serious buyer invested in your neighborhood.

So what’s the best strategy for navigating a changing market? Finding the help you need with Globus Realty and Viktor Taushanov puts you on the path to homeownership no matter what the markets are doing. 

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Expert Guidance

According to the article, “Buying a home typically requires a variety of forms, reports, disclosures, and other legal and financial documents. A knowledgeable real estate agent will know what’s required in your market, helping you avoid delays and costly mistakes. Also, there’s a lot of jargon involved in a real estate transaction; you want to work with a professional who can speak the language.”

Objectivity

How about when you need an unbiased opinion? The article continues, “A great real estate agent will guide you through the home search with an unbiased eye, helping you meet your buying objectives while staying within your budget. Agents are also a great source when you have questions about local amenities, utilities, zoning rules, contractors, and more.”

Advocacy

When dealing with complex topics, having an advocate is worth its weight in gold. The article concludes, “There are many factors up for discussion in any real estate transaction—from price to repairs to possession date. A real estate professional who’s representing you will look at the transaction from your perspective, helping you negotiate a purchase agreement that meets your needs and allows you to do due diligence before you’re bound to the purchase.”

You don’t have to go it alone. Trust Viktor Taushanov to help you find the home of your dreams. He’s Mister Frisco, and with his help and the resources of Globus Realty, you will be in your new home in no time. So save DIY-ing for hanging your family portraits, and leave helping you find a new home to the experts.

When you are ready for your forever home, contact Viktor Taushanov and Globus Realty. He’s on your side and won’t rest until you are happy.

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Lower Taxes

A school district’s property tax rate in Texas is tied to property values. As values go up, school funding goes up. Strong growth in Frisco has meant increased property tax values from 2021 to 2022. But according to a recent article from CommunityImpact, “Frisco ISD has decreased the district’s tax rate by about $0.05 for the upcoming fiscal year.” That’s good news for existing homeowners and new construction.

Frisco ISD

Lowering the tax rate because of rising property values is a move Frisco ISD is fond of. Continuing the article, “Board President René Archamboult said the District was able to lower the tax rate more than initially thought due to the value of the land. “We’re always looking for ways to reduce the burden on homeowners who send their kiddos to Frisco ISD,” she said.” If you are moving to Frisco with school-aged children or plans to start a family, it’s nice to know their public school system has parents’ interest in mind beyond their children’s education.

History of Kindness

This isn’t the only time Frisco ISD has lowered the tax burden on property owners. According to an article from the Frisco ISD website, “Since 2018, the portion of Frisco ISD’s tax rate that pays for maintenance and operations has dropped nearly 23 cents due to House Bill 3, the 2019 law that limits school district revenue growth. The hot housing market helped drive a 14.7% increase in assessed property values within the FISD boundaries from 2021 to 2022. As a result, the District’s tax rate will decrease to offset the burden on homeowners.”

Trust Mister Frisco, Viktor Taushanov, and Globus Realty to help you find your forever home. Contact Viktor today and make your dreams a reality.

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Office Space

According to Johnson, “The agreement between the city of Frisco, the Frisco Economic Development Corp., the Frisco Community Development Corp., and Crow Holdings will allow Crow Holdings Office to construct four Class A office buildings and accompanying parking structures at the northeast corner of SH 121 and Spring Creek Parkway.” VP of the Frisco Economic Development Corp., Gloria Salinas, adds, “This project will bring much-needed office space to help our very full pipeline of prospects.”

Phased Development

The development will arrive in phases. According to Johnson, “SouthStone Yards will be completed in four phases. Phases 1 and 3 will each feature a 230,000-square-foot, seven-story office building with an accompanying parking structure. Phases 2 and 4 each feature a 325,000-square-foot, 10-story office building with an accompanying parking structure.”

Group Project

The article concludes, “Salinas also said the Frisco Economic Development Corp. is assisting Crow Holdings in pitching to tenants for the large building and shares the demand the EDC is seeing.” Undoubtedly, this new office project is well-positioned to attract businesses of the caliber Frisco is accustomed to. The possibilities are endless, with new firms from FinTech to real estate starting to call Frisco home. 

Come and grow with Frisco with help from Globus Realty and Mr. Frisco. Let Viktor Taushanov and his team make your dream home a reality. Contact him today!

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