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Scott and Tammy Watson

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Displaying blog entries 41-50 of 56

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

Texas Recognized As Top State for Well-Being!

by Scott and Tammy Watson

Homebuyers looking to relocate to a state that promotes happiness, health, and a strong sense of community should look no further than the great state of Texas! In a report released by Gallup-Healthways, which analyzed American well-being nationally and by each state, Texas was ranked the 10th best state for well-being in the country!

 


The Well-Being Index was determined through 177,192 telephone surveys that were conducted by Gallup throughout the year. Participants were given a scale of 0 to 100 to rank their well-being within the following 5 key areas:

 

  1. Purpose (sense of well-being with job and daily life)

  2. Social (sense of well-being in personal relationships)

  3. Financial (sense of economic well-being)

  4. Community (sense of well-being in the city/town you live)

  5. Physical (sense of physical well-being)

 


Texas came in at the #10 spot overall! AND, it was ranked #1 in the United States for its residents feeling a sense of purpose!  



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With the great economic development, beautiful weather and natural landscape, excellent school systems, and endless amenities, it is no wonder why residents of Texas feel such a sense of well-being. The Dallas area is the perfect spot for homebuyers looking to move to Texas. In fact, Dallas has been named the best place to invest in housing based on all that it has to offer!

 


If you are interested in moving to Dallas, give Group Watson a call today or visit his website at http://www.groupwatson.com/. We will be happy to help you with your home search and help you discover all the reasons why there is no better place to enjoy a life of plentiful well-being!

 


Source: Gallup-Healthways State of American Well-Being

Top Reasons to Buy Your New Home This Month!

by Scott and Tammy Watson

February might be better known for its cold weather, romantic holiday, and shorter calendar, but there is something else it should be known for…….a great month to buy a new home! It’s true! Research from Realtor.com shows that February is the ultimate time for buyers. Still not convinced? Check out 3 reasons why experts recommend purchasing your Dallas area home right now!

 


Interest Rates are Lower.

According to Realtor.com chief economist Jonathan Smoke, interest rates are expected to be half a percent more as the year progresses. This means buyers in the later months will be faced with mortgage rates of almost 5 percent. It makes sense to lock in the lower interest rate now.

 


Home Prices are Lower.

Realtor.com collected home pricing data over the course of 2 years in 50 of the most populated markets in the United States. It showed that on average January and February home prices were 8.45% lower than those in July and August, the most popular homebuying months. Since the savings in home prices won’t be as large in 2017 as they have been in the past due to the strength of the market last year, it makes sense to take advantage of whatever savings are out there to get the best deal on a new home.

 


Competition is Lower.

Data shows that January home sales are 47% lower than they are in June. This number reflects that there is less competition amongst buyers. Buyers often enjoy the same amount of inventory on the market but have fewer fellow buyers to contend with. This often results in homes being sold for less than the listing price since sellers are more willing to negotiate.

 

 


Take advantage of these reasons to Buy a new home this February! Check out our current Homes for Sale to begin your journey. Give Group Watson a call today or visit our website at http://www.groupwatson.com/.

2016 North Texas Real Estate Information System Annual SOLD Statistics

by Scott and Tammy Watson

Displaying blog entries 41-50 of 56

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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