Rising land prices foretells of strong housing market in PROSPER TEXAS.
Overall housing outlook looks good in the long term as the DFW area continues to see steady population growth with a significant portion of that growth looking for detached single family homes. Low cost of living continues to bring relocations to the area.I have to laugh when, on the one hand, I see all of the doom and gloom about the collapse of the housing market and on the other hand, look at the boom and boom of cost of Collin County land. If land is selling at higher and … (0 comments)

prosper acerage: PROSPER TEXAS WHERE EVERYONE MATTERS - 11/05/09 05:30 AM
“Where everyone matters.” MOST ACCOUNTS agree that Prosper began in 1846 as a beacon for settlers drawn to North Texas’ black prairie soil - rich, fertile land that nurtured a thriving cotton crop. By 1850, two settlements had been established here a mere three miles apart. Called Rock Hill and Richland, they coexisted until 1902 when the St. Louis and San Francisco Railroad came through the area and forced them to merge. A new name was adopted for the hybrid community - one that spoke of the prosperous living conditions and the prosperous crops harvested that year. And so it was … (0 comments)

prosper acerage: WHY LIVE IN PROSPER TEXAS?? WHY NOT ?? - 11/05/09 05:27 AM
MOST PEOPLE long for a residential setting far removed from the town and their frenzied work environment. They want to go home to a place where they can kick back, relax, enjoy the fresh air and take in the sounds of nature, not the din of traffic rumbling in the distance. That place is Prosper. While the town is quickly evolving from its rural roots, its small town sensibility has not been lost. It pervades every neighborhood - from the historic residential areas that have existed for decades to the fabulous new developments boasting homes in excess of $1 million. Shopping, … (0 comments)

prosper acerage: PROSPERING IN PROSPER TEXAS - 11/05/09 05:02 AM
Located mainly in Collin County, with a small portion spilling over into neighboring Denton County, Prosper is a community brimming with potential. Right in the heart of one of the fastest growing regions in Texas and the rest of the country as a whole, this small town is welcoming new residents and businesses practically every day, and Prosper, Texas homes and land are becoming increasingly sought-after among homebuyers of all kinds. Conveniently connected to the rest of the Metroplex through the North Tollway, Preston Road and Highway 380, Prosper’s location has inspired its business leaders to coin the catchy “All roads … (0 comments)

prosper acerage: All You Ever Wanted To Know About Prosper Texas - 11/05/09 04:58 AM
Prosper Texas LEARN MORE ABOUT Prosper, TX Formerly two towns, Rock Hill and Richland merged becoming the town of Prosper in 1902. However, Prosper was not officially incorporated until 1914. Since then, Prosper has blossomed into a population of more than 6,000 Texans. Many families and young professionals choose to make Prosper home due to its proximity to Dallas and Fort Worth (optimal commute times) offering residents the opportunities of big city living within a close distance, excellent schooling, as well as its small town charm.
The Prosper Texas Community Served by the Prosper Independent School District, children that attend schools … (0 comments)

prosper acerage: ENTICE BUYERS WITH EXTRAS - 10/06/09 07:08 PM
Entice buyers with extras
If you're putting your home on the market, or if it has been on the market for a while without solid offers, you may consider including some appliances, furniture, or other extras in the asking price. This could help you attract buyers.
Nobody is suggesting that you part with valuable antiques or sentimental items, but you probably aren't that attached to your washing machine. Maybe you're moving to a home that won't be able to accommodate your outdoor furniture-if that's the case, you could offer your existing patio table and chair setup to your potential buyers. It … (0 comments)

prosper acerage: AN INSPECTION IS A GOOD INVESTMENT! - 10/06/09 06:58 PM
An inspection is a good investment
Whether you're buying or selling a home, it's crucial to include a thorough home inspection as part of the process. It's something consumers often overlook because, as we all know, buying or selling a home can get expensive and expenses add up quickly. While it might be tempting to ignore this piece of the puzzle, it's one of those investments that are a real payoff in the end. Here's why:
Consumers can only see so much on pre-owned homes. A home inspection goes beyond the cosmetic to give buyers a clear look at what's behind … (2 comments)

prosper acerage: TRULY AFFORDABLE HOUSING... - 09/27/09 05:52 PM
Truly affordable housing
Many buyers make a common mistake when purchasing a home by trying to buy too much house.
You've been told that you should be pre-qualified for a loan before beginning your home search in earnest, and that's true. Knowing your top end is the first question to answer when searching for your new house and neighborhood. A word to the wise - just because a lender qualifies you for, say, a $150,000 loan, doesn't mean you should necessarily buy a $150,000 house.
Consider the fact that most people want to buy some creature comforts for their new home. … (1 comments)

prosper acerage: SHORTEN YOUR MORTGAGE.... - 09/27/09 05:50 PM
Shorten your mortgage
A 15-year fixed-rate mortgage lasts half as long as a 30-year fixed-rate loan. You don't have to work in the lending industry to know that. But if you guessed that monthly payments on a 15-year loan cost twice as much as on a 30-year loan, you're in for a surprise.
First off, you can typically get a slightly better interest rate on a 15-year loan. Also, you pay much less interest over the life of the loan and start paying down the principal on your loan balance much sooner. That means you build equity in your home sooner … (1 comments)

prosper acerage: UNDERSTANDING THE LINGO-ESCROW - 09/27/09 05:47 PM
Understanding the lingo - escrow
During the process of buying your home, you'll hear the word escrow thrown around. It's easy to get confused because the term can refer to different things that occur at different times.
If you've made an offer on a house, you have most likely been exposed to an escrow account-perhaps without even knowing it. Typically, a buyer must put down some earnest money, or "good faith" money, when submitting an offer. This tells the seller that you're serious about purchasing his house. This money is placed into an escrow account and is held for the seller. … (0 comments)

prosper acerage: AFTER THE INSPECTION.... - 09/27/09 05:45 PM
After the inspection
You found the house you've been looking for! You're serious about buying this house; in fact, you've already put down earnest money, the option fee, and even gotten an inspection.
The inspection is such an important part of the buying process. A qualified inspector will evaluate the property's condition honestly and neutrally. The assessment may come back with all sorts of comments, especially in older homes. Don't be intimidated-all homes, even brand new ones, have defects, and finding imperfections is what inspectors do!
Your inspector should offer to explain any component of the report to you. Pay attention … (0 comments)

prosper acerage: DON'T BE DECEIVED BY NUMBERS... - 09/27/09 05:42 PM
Don't be deceived by numbers
There's a common statistic in the real estate world called Days on Market, or DOM. Some people believe a property that has been on the market for a while must have serious problems, but this is not necessarily the case. Don't let the number of days a property has been on the market dissuade you from making an offer on a house you really like.
Some houses are listed before they're actually ready to sell-perhaps the house is on the market despite the fact that it's undergoing remodeling or repairs. In this case, the home was … (0 comments)

prosper acerage: Expect The Unexpected And The Expected..... - 09/27/09 05:37 PM
Expect the unexpected (and the expected)
The cost of home maintenance and repairs is usually one of the biggest surprises for new homeowners. Unfortunately, some buyers-especially first-time buyers-do not plan for such expenses because they've always had a landlord or property owner who deals with problems.
When you're setting up your budget and trying to determine how much house to buy, make sure to earmark some cash for regular home maintenance. Most times, ignoring a problem will end up costing you more in the long term.
You should also plan for an unanticipated problem to pop up. When your water heater … (0 comments)

prosper acerage: BUYING A HOME IN A HOA NEIGHBORHOOD... - 09/24/09 07:44 PM
Buying in an HOA
If you are thinking about buying a home in a new subdivision, common interest development (CID), or planned unit development (PUD), chances are good that you will automatically become a member of the local homeowners' association. These associations help protect property values by ensuring each home is up to neighborhood standards, but be sure the rules and regulations are compatible with your lifestyle and pocketbook.
The primary purpose of an HOA is to provide maintenance, enhancements, and protection for the community's common areas. An example might be tennis courts, a pool, a playground, or trails - all … (2 comments)

prosper acerage: DOWN MARKET..TIME TO INVEST $$$$$$$ - 09/24/09 07:42 PM
Landlord in the making?
Are you considering buying an investment home as a rental property? This may be a good time to start.
Don't be misled by national news; real estate markets are highly localized. Even in a small city, there may be a neighborhood where home values are consistently growing, yet just down the road, another neighborhood may have leveled off. Historically, though, investments in real property in Texas have performed well and are fundamentally solid.
First, ask yourself if you're willing to become a landlord. Do you have experience with tenants? Is there a steady stream of tenants in … (0 comments)

prosper acerage: BE READY TO BUY AND MAKE AN OFFER QUICKLY... - 09/24/09 07:39 PM
Be ready to buy
If you find what you're looking for in a home, you should be prepared to make an offer quickly. Even if homes are staying on the market a little longer in your neck of the woods, it only takes one other interested buyer to snatch the home or create a bidding war.
You can help the offer process by being ready. In addition to being pre-approved for a loan before you begin looking at properties, it's wise to be honest with yourself. You know exactly what you want in a home and how much you can actually … (1 comments)

prosper acerage: IT'S NOT JUST ABOUT THE HOUSE.... - 09/24/09 07:37 PM
Not just the house
After you've made the decision to buy a home, it pays to prioritize your needs and wants. It goes without saying that when you do this, you'll consider standard home features, like number of bedrooms and bathrooms, square footage, living areas, kitchens, and outdoor amenities. That covers the basics of the house itself, but what about features of the neighborhood?  
School quality is the major factor for many buyers-particularly those with children. Even people without children value good schools-they typically are one of the major factors in the home's resale value. There are lots of ways … (0 comments)

Home warranties
After you buy an existing home, let's face it-the last thing you want to worry about is a broken big-ticket item like the air conditioner or oven. For this reason, it's a good idea to get a home warranty plan (also called a residential service contract).
The general idea behind a home warranty is this: If a covered item malfunctions, the homeowner calls the home warranty company, which contacts a contracted local service provider. The local provider makes an appointment with the homeowner to evaluate the failed equipment. If the item can be fixed, it will be. If it … (0 comments)

Understanding the lingo - comps
So, you're selling your home and every single Texas REALTOR® you interviewed to list your home has mentioned "pulling comps". Not wanting to appear uniformed, you just nodded your head and played along.
So what is a comp? Simply put, a comp, short for comparable, is the primary set of data used in determining the value of your home. Comps give you data from all the recently sold property in your neighborhood. Some of the different data you see might be the age of the house, the square footage, and most importantly, price. Your Texas REALTOR® … (0 comments)

prosper acerage: SELLING A VACANT HOUSE...CALL TIFFANY SHARKEY OR TONYA PEEK 972-977-2254 - 09/24/09 07:23 PM
Selling a vacant house
So you've accepted your new job and have moved on to your new life in a different city.
The only problem is that your previous house hasn't sold yet and now you're faced with the prospect of selling a vacant house-a sure way to look desperate, lose money, and ensure the place languishes on the market, right? Not necessarily. There are steps you can take to make your house more appealing and marketable, even though it's-gasp-unoccupied.
Vacant or not, the curb appeal of your house is important. Since your house is uninhabited, it's important to make sure … (0 comments)


Tiffany & Tonya Sharkey

Peek Group

Prosper, TX

More about me…

Ebby Halliday Realtors

Address: P.O. Box 1327 , Prosper, TX, 75078

Mobile: (214) 356-4472

Fax: (972) 335-6567

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