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Why Hire a Realtor, When Building a New Home? GroupWatson Answers...

by Scott and Tammy Watson

 

Family Fun Easter Events Throughout the Dallas Area!

by Scott and Tammy Watson

Easter is fast approaching! The holiday festivities are already beginning throughout the North Texas region. Easter is a great holiday to spend time with family and the communities in our area are dedicated to providing family fun events to celebrate. Check out our recommendations for great Easter events throughout the Dallas area for your whole family to enjoy!


Frisco RoughRiders Spring EGGstravaganza

Date: Saturday, March 25th

Time: 12:00 pm - 2:00 pm

Location: Dr. Pepper Ballpark (7300 RoughRiders Trail, Frisco)

Cost: FREE!

There is much to do at this fun Easter event. Starting at 12:20 pm, children 12 and under can try to find as many Easter eggs as they can in the outfield. Other fun events throughout the afternoon, include airbrush artists, bounce house, and spring themed arts and crafts. Children will have the opportunity to play catch and run the bases just like their favorite RoughRider players. The team mascots will also be making a special appearance! Your family’s favorite baseball park food will be available for $1.00 throughout the event.


Breakfast with the Easter Bunny

Date: Saturday, April 8th

Time: 9:00 am - 11:00 am

Location: The Westin Stonebriar (1549 Legacy Drive, Frisco)

Cost: $30 per child, $40 per adult

Dine on a delicious breakfast buffet and meet the Easter Bunny! Your children will also love the egg hunts, crafts and activities, and live bunnies! Each child will receive a special goodie bag. Adults can try their luck at winning great prizes in the silent auction and raffle. All proceeds benefit Journey of Hope Grief Support Center. Register online HERE or call (972) 964-1600.


Funny Bunny Festival

Date: Saturday, April 8th

Time: 9:30 am - 12:30 pm

Location: Lone Star Toyota of Lewisville Railroad Park Baseball Complex (1301 South Railroad Street, Lewisville)

Cost: FREE!

Enjoy a morning of holiday fun filled with family friendly activities. This event features 3 different egg hunt times, at 10:30 am, 11:15 am, and noon. Each child is allowed to participate in one of the day’s hunts and each hunt is divided in separate locations by age group. In addition to the egg hunts, there will be a petting zoo, carnival games, and an opportunity to have your photo taken with some Funny Bunnies!


Easter Egg Scramble  

Date: Saturday, April 8th

Time: 1:30 pm - 3:30 pm

Location: Jake’s Hilltop Park (4975 Timber Creek Drive, Flower Mound)

Cost: FREE!

Check out the 34th Annual Easter Egg Scramble. Meet the Easter Bunny and fill up your Easter basket with delicious candy. There will be many fun activities before the scramble begins at 2:30 pm.


Spring Eggstravaganza

Date: Thursday, April 13th

Time: 6:00 pm - 8:00 pm

Location: The Colony Five Star Complex (4100 Blair Oaks Drive, The Colony)

Cost: $3 per child (in advance), $5 per child (day of event)

Hop into spring at this great annual event. Your children will love having their photo taken with Peter Rabbit and searching for eggs filled with candy and other goodies. Be sure to plant a flower before you leave that you can take home with you. To learn more about this event, call The Colony Parks and Recreation Department at (972) 625-1106.


EGGstravaganza

Date: Saturday, April 15th

Time: 10:00 am - 12:00 pm

Location: Wagon Wheel Park (345 Freeport Parkway, Coppell)

Cost: FREE!

With Easter egg hunts, children’s activities, free popcorn, and more, this event will surely delight all. More information will be provided as the event nears so check back at the Coppell city website.  



Wishing you and your family a very happy and fun Easter!

Exciting New Development Planned in Plano!

by Scott and Tammy Watson

With excellent local schools, great recreational facilities, beautiful weather, and the perfect location near all the North Texas area has to offer, Plano is the perfect community to call home. There are always exciting, new things occurring in this city. Plano is dedicated to promoting economic development and bringing more great facilities to the community for residents to enjoy. The Mustang Square mixed use project is one of the latest of these great new developments.


This urban style development is bringing new office, retail and housing space to a 50 acre space along State Highway 121.  The project will be located along the highway and Rasor Boulevard. Mustang Square is being designed by Gensler and developed by Thakker Developers and JPI.


The first phase of this project will include 448 apartments. Construction is expected to begin next year. Future plans include 100,000 square feet of office space within two buildings, 68,000 square feet of retail space within four buildings, and three hotels. There will be additional housing options within the complex including 75 townhomes and a senior housing complex. There will also be beautiful green space included within the project for residents and visitors to enjoy.


The Mustang Square mixed-use project will bring local economic development to the community. In fact, it is expected to have close to a $2 billion economic impact! It will provide residents with access to even more amazing amenities! Here is another reason why Plano is a great place to live.


 

If you are interested in Buying your dream home in Plano, check out our  Current Homes for Sale in Plano. Give Group Watson a call today or visit our website at http://www.groupwatson.com/.

 

Photo Credit: Virtual Builders Exchange

North Texas Housing Market is Booming!

by Scott and Tammy Watson

The recession seems fully behind us when examining the real estate market in North Texas. In fact, according to mortgage firm HSH.com, the Dallas and Fort Worth areas are two of the nation’s home markets that have recovered the most since the recession! This is great news for home buyers and sellers in our area!



Home prices in Dallas and Fort Worth are at their highest ever. Over the past four years, prices have risen over 40%. The prices are now way above what they were at during the peak housing boom prior to the recession.  



Using home price data from the Federal Housing Finance Agency, HSH.com created the home price recovery index to see how the markets in the 100 largest metropolitan areas had recovered. Dallas-Plano-Irving came in at the 3rd spot for most recovered housing market. Homes have a current value of 259.58 which is 50.53% above peak value. Fort Worth-Arlington claimed the 6th spot for most recovered. Homes in that area have a current value of 236.49 which is 39.76% above peak value.



North Texas is considered one of the nation’s hottest real estate markets for the year. If you are interested in Buying or Selling in this great market, give Group Watson a call today or visit our website at http://www.groupwatson.com/.   

How To Choose the Right Color Palette for Your Home Design

by Scott and Tammy Watson

When it comes to decorating your home, one of the first and fundamental questions you’ll need to ask yourself is “what colors am I going to use?” Your color palette will, to a large degree, determine the feel and style of your home, so it’s important that you choose colors that feel true to who you are and the kind of space you’re trying to create. But how do you choose the right color palette for your home design?


Already Have Furniture?

If you already have existing furniture you want to continue displaying in your home, you’ll want to build your color scheme patterned, choose a few colors from the pattern that speak to you and build your color palette around those colors. If all of your furniture is a solid color, choose colors that naturally complement the primary color displayed in your furniture. So, for example, if you had a light purple couch you plan to showcase in your living room, you’d want to choose a color palette that complimented purple, like pale blue or green.

 

 

Starting From Scratch?

If you’re starting from scratch and plan to decorate and furnish your home based on the color palette you choose, you have a lot more flexibility in the colors you choose. What colors speak to you? Do you find warm, dark tones feel inviting or are you more of a bright, vibrant color type of person? Do muted colors feel calming in the bedroom, or would you rather incorporate jewel tones? Choose whichever types of colors feel truest to your design style. Then, once you choose your palette, you can furnish and decorate your home accordingly.

 

How Many Colors Should I Have In My Palette?

When it comes to how many colors you should have in your palette, it really depends. Some people find that incorporating numerous colors, shades, and tones feels true to their style, which others find more than two colors to be overwhelming. A general rule of thumb is to choose one primary color and then choose one to three additional complimentary colors to act as accents. Once you try to incorporate more than 4 colors, it can be hard to maintain balance.

What Kinds Of Color Palettes Will Work In My Home?

When it comes to choosing the color palette for your home, there are endless color combinations available to you. Here are some examples:

Choose Numerous Shades Of The Same Color:  One chic option is to keep your color palette to one color and then incorporate numerous shades of that color throughout the home. So, for example, let’s say you chose blue to be your focal color. You could paint the walls of the living room navy, have a pale blue couch and incorporate sky or cerulean blue accessories throughout the room. This option gives a casual, laid-back feel to the space. If one color feels too limiting, try choosing two colors close to each other on the color wheel, like green and blue, for a similar effect.

Mix Neutrals With A Pop Of Color: Another fantastic color option is to decorate your home in a neutral color palette – like beiges, whites, grays, or browns – and then add one or two bright shades to add a pop of color. The contrast between the neutrals and the brights makes the brighter shades pop even more and adds a fun element to an otherwise subdued color palette. Some great color combinations to consider are grays mixed with a bright orange or beiges with a pop of teal.

Go Pale: Pale colors can add a calming effect to a space and are particularly effective in living and bedroom areas. If you want your color palette to induce feelings of calm and relaxation, try going with muted hues, like pale blue, pale green, or even pale purple, to add a serene feeling to your home.

Go Bright: On the opposite end of the spectrum, if you’re looking to make a bold statement with your color palette, you might want to consider going with brights. Bright colors can make a space feel vibrant and lively. However, you want to be careful not to allow your bright color palette to veer into cartoonish territory. Stick to one or two brights; more than that will feel overwhelming. Whatever color palette you choose, make sure you incorporate it throughout the space. While you don’t need to have a single color palette for your entire home (you can obviously choose different color palettes for different rooms), you do want to make sure that each color palette works together to create a cohesive color experience throughout your space.

Great Community Events in Frisco This Week!

by Scott and Tammy Watson

There is always something fun going on around the great city of Frisco. And this week is no exception! Whether you are looking for some family friendly fun or a night out on the town, here is our recommendations for things to do in Frisco for this week.


LEGO Americana Roadshow

Dates: Tuesday, February 28th - Sunday, March 5th

Time: 10:00 am - 9:00 pm

Location: Stonebriar Centre (2603 Preston Road)

Check out this traveling display of 10 American landmarks made entirely out of LEGO® bricks! This free event is fun for the entire family. When you visit the display, you will learn more about these historic monuments and be able to build your own creation out of  LEGO®. There is also the opportunity to get your very own limited edition LEGO® collectible when you complete the scavenger hunt!



Sip N Shop Downtown Frisco

Date: Thursday, March 2nd

Time: 5:00 pm - 8:00 pm

Location: Downtown Frisco

Spend the evening exploring historic downtown Frisco during this special shopping event. Various boutiques will be open late for you to shop while enjoying drinks and listening to live music.

Frisco College Baseball Classic

Dates: Friday, March 3rd - Sunday, March 5th

Time: 4:00 pm and 7:30 pm games (Friday and Saturday) | Noon and 3:30 pm games (Sunday)

Location: Dr. Pepper Ballpark (7300 Roughriders Trail)

Take in that great American tradition of baseball at this fun collegiate tournament. Considered one of the best tournaments in the country, enjoy three days of games as 4 of the country’s top teams compete. Teams competing are Arizona, Arkansas, Nebraska, and Oklahoma State. Cheer on your favorite as they play in the round robin format throughout the weekend.



MakerSpace First Friday

Date: Friday, March 3rd

Time: 6:00 pm and 7:00 pm games

Location: Sci-Tech Discovery Center (8004 Dallas Parkway)

Have the opportunity to work on that dream project you have wanted to and have access to incredible technology and equipment in order to do so. Hobbyists and inventors can come utilize advanced woodworking tools, a 3D printer, full spectrum laser cutter, robotics kit, and more to complete their projects. The first friday of the month is open exclusively to veterans and their families. Children over 10 years of age are welcome to attend.


Helpful Tips for Buying or Selling This Spring!

by Scott and Tammy Watson

As the weather warms up and flowers bloom, the real estate market starts to amp up. Whether you are a Buyer or Seller this spring, it is important that you understand the Dallas area market. Working with the Top Realtor in the area can ensure that you find your dream home or sell your current home. Here is some helpful advice as you enter the market this spring!


Spring Sellers!

Sellers should have patience when they enter the market. You do not need to rush to list. Spend some time making your home look its very best so it is attractive to potential buyers. Update curb appeal, improve landscaping, add a fresh coat of paint inside, and declutter. Although there are a lot of buyers in the market in spring, there is also competition from other sellers. Consider making some upgrades that add value to your home to make it stand out from the pack. Ask your realtor for advice for your home to ensure that you get top dollar.


Pricing your home correctly is of the utmost importance. Your home can sit on the market if it is overpriced. Know Your Home's Value so that you can list it at a smart price. When the market is strong, it can be to the benefit of the seller to underprice your home in order to create multiple bids. Your realtor can share their expertise in this area.


 

Spring Buyers!

Work with your realtor to navigate the housing market this spring. We can teach you about the market and ensure that you are fully prepared to buy. Even before you begin your search, have your Financing ready to go. This allows you to know your budget. In addition, it makes you an attractive buyer to sellers as they know you can afford their home when you put in the offer. We will help you prepare all other documents ahead of time so as soon as you find the perfect home, we can help make your dreams a reality!


Spring is a busy time in the market so competition will be heavy. Make yourself stand out from the other buyers by having a larger down payment, being flexible with the settlement date, and allowing for fewer contingencies. Consider sending a personal letter to the seller explaining why you love the home. This personal touch has proven to be very successful for buyers.



If you are interested in buying or selling in the Dallas area this spring, Group Watson is here to help. Give us a call today or visit our website at http://www.groupwatson.com/.


Is Selling "For Sale By Owner" Smart?

by Scott and Tammy Watson

Best School Districts Found in North Texas!

by Scott and Tammy Watson

There are many reasons why the communities of North Texas are great places for families to live! The incredible public school districts are one of the top reasons! Of 937 public school districts in Texas, 5 of our area school districts are in the top 3%, making them the best of the best!!

 


Education ranking and review website Niche recently released their list of the top K-12 school districts in Texas for 2017. 937 Texas public school districts were graded on several key factors, including academics, culture & diversity, health & safety, teachers, resources & facilities, clubs & activities, and sports. The data for these factors came from the U.S. Department of Education as well as from reviews by millions of Niche users. Check out how these school districts came out on the top of the class!

 

#5 Plano Independent School District | 2700 West 15th Street, Plano

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#8 Frisco Independent School District | 5515 Ohio Drive, Frisco

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#13 Prosper Independent School District | 605 East Seventh Street, Prosper

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#22 McKinney Independent School District | One Duvall Street, McKinney

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#27 Lewisville Independent School District | 1565 West Main Street, Lewisville

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If you're interested in Buying a home within one of these top ranked school districts, give Group Watson  a call today or visit our website at http://www.groupwatson.com/.


2017 Economic Forecast

by Scott and Tammy Watson

2017 Economic Forecast

 

What to Expect:  

 

Mortgage rates will increase to a modest 4.5%, which is not dramatic enough to keep buyers out of the market.

 

Rents are expected to rise 4-5% across the board, and possibly higher in some areas.  Typically, a 5% increase in rent results in a renter to consider and/or convert to homeownership.

 

It is predicted that the new Administration will have looser legislation on lending and the economy, which could help boost buying power.

 

On the purchase side, offset by a stronger economy, household formations accelerating and rising wages will more than offset rising mortgage rates.

 

A slight increase in inventory is anticipated, as people decide to cash out their home’s equity for various purposes.

 

It is expected that more first-time home buyers will purchase this year, with many being millennial buyers looking for good school districts in suburban communities with lots of amenities.  Investment benefits will be a strong consideration of their purchase.

 

In comparison to many other large cities, the income required to buy a median priced home in our area, which is $55,000/year, isn’t much different than the national average at $52,000/year.  In fact, compared to places like San Francisco or New York, our housing market is extremely affordable.

 Sources:

 Kelly Mulligan, Attorney

                        Chicago Title

David Berson, Chief Economist

Nationwide Mutual Insurance

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Photo of Scott and Tammy Watson Real Estate
Scott and Tammy Watson
GroupWatson, Keller Williams
4862 State Hwy 121, Ste. 210
Lewisville TX 75056
214-682-7002
972-370-1775
Fax: 214-522-5519