Frisco TX is a highly desirable area to purchase real estate in today’s market. There are several factors that contribute to it.
- Frisco TX is a very affordable area when compared to many cities closeby.
- The floorplans and age of Frisco TX homes are relative new. Many homes are built after Year 2000, which means the homes have many desirable updated features: open floorplan, nickel or oil-rubbed bronzes fixtures, granite countertops, stainless appliances. Many homes have hardwood floors, beautiful curb appeal accented with stone exterior fronts.
- Frisco TX has many master-planned communities with community living: community swimming pools, children’s playgrounds, greenbelt for hiking, active HOAs (with annual activities to bring the neighbors together). Many communities have elementary schools close or within the community, and middle and high schools near by.
- Frisco TX has an EXEMPLARY school district standing in comparison to Plano (Recognized), McKinney (Recognized), Allen (Exemplary). Frisco ISD has smaller student population and keep its student to teacher ratio small.
- Everything in Frisco looks new, orderly and family-friendly.
- Frisco TX is just a very well-built, well-planned city. Kudos to the Frisco TX city planners.
- Frisco TX is 30 minutes for 2 major airports: DFW and Love Field. DFW is an American Airline hub. There are many direct flights to all major cities in the US. DFW is centrally-located.
That being said, there are still some Frisco TX homes that lack some highly-sought after home features. Hence, in order to increase the chances of selling the Frisco TX home, many home sellers are open to the idea of needing to update their homes: Granite countertops, stainless appliances, replacing gold/ bronze fixtures.
Frisco TX home sellers typically ask,
Should we sell the house as-is and offer the buyer some allowance for upgrades at closing? That way, they can decide what they like and also have cash-at-hand to purchase.
Not a bad idea to begin with. However, here are some of the realities the buyers face:
- Most mortgage companies do not like to hold back ESCROW, which means more often than not, the buyers receive a seller concession in the form of closing costs in lieu of appliance or upgrade holdbacks.
Yes, instead of taking $5,000 into closing, the buyers are now using that cash that they otherwise have to buy appliances or hardwood floors. - But many Frisco TX home buyers may not have the surplus cash laying around for the purchase. They are already needing sellers’ assistance in closing costs (up to 3% on conventional loans and up to 6% on FHA loans).
- Most Frisco TX buyers do not want the hassle of needing to spend additional time to work on the house. They want to buy it “already done”. They live a very busy lifestyle. They don’t want to spend weekend after weekend updating the house.
While Frisco TX home sellers do not want to deal with having to do minor home improvement projects, this may be the necessary evil to begin increasing the chances to successful home selling – far better than offering seller’s allowances. They dont go very far, at least here in Frisco TX.
If you think your home needs it, do it NOW rather than to offer it at closing 30 days later.
3:16 team REALTY has a very successful track record in home selling, especially in and around the Frisco TX market areas. Loreena Yeo is one of the best and top local Frisco TX Realtor that maintains an immaculate home selling track record. Call Loreena (214) 783-2210 for an appointment to evaluate your home selling plans.
Related Home Selling Topics:
- 3:16 Home Selling Marketing Plan
- Commission Rates
- Proven Track Record
- Pricing my Frisco TX home
- Value my Frisco TX home
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3:16 team REALTY is a locally-owned real estate company serving Frisco
TX and the surrounding cities. Find out
(214) 783-2210
info (at)
316RealEstate.com
Loreena Yeo is the broker of record of 