Things to do in Prosper TX - Discovering the Windmill Playground: A Hidden Gem in the Heart of Prosper, Texas!
Exploring the Windmill Playground and what makes it a must-visit spot for families
Greetings to all the families out there considering a move to Texas or those simply looking to explore the Dallas-Fort Worth (DFW) area. One place you definitely shouldn’t miss is the Windmill Playground in Prosper, Texas, a hidden gem that’s a favorite among local families. In this post, I’ll be your guide to this charming playground, its attractions, and why it’s a must-visit location.
Features of the Windmill Playground – Play Structures
The Windmill Playground is a dream come true for children of all ages. It features a diverse array of play structures like a castle-themed climbing structure, swings, tic-tac-toe game, monkey bars, slides, and much more. The equipment is designed to fuel the boundless imagination of children while catering to their physical abilities.
For those scorching Texas summer days, the playground also features a fantastic splash pad. It’s the perfect spot for children to cool off and have fun. Additionally, the playground’s design and friendly atmosphere foster children’s social and emotional development.
Features of the Windmill Playground – Splashpad
But that’s not all! For those sweltering summer days, Windmill Playground features a fantastic splashpad, which is perfect for cooling off on hot days and offers endless fun for kids. Plus, the Playground has a friendly atmosphere and a comfortable design that encourages children’s social and emotional development.
The Windmill Playground is part of the Frontier Park.
The Windmill Playground is part of the larger Frontier Park, which is a gem in its own right, offering a variety of amenities for everyone. The park has a Hike & Bike Trail, which features a 0.48-mile path that meanders through the trees and terrain of this beautiful region. Besides, the park offers various facilities, including 12 benches, 26 picnic tables, and three pavilions that provide shaded seating areas for people who want to relax and enjoy the park’s sights and sounds. Plus, there’s plenty of parking spaces and three restrooms for visitors’ convenience.
Practical Information
Visitors should know that ample parking is available, and the park includes three restrooms for your convenience. We encourage all visitors to follow the park’s regulations to ensure a safe and fun visit for everyone.
The Windmill Playground address is : Stadium Dr, Prosper, TX 75078
Conclusion
In the heart of Prosper, Texas, the Windmill Playground in Frontier Park is an impeccable destination for families seeking outdoor fun. From swings to slides, climbable castles, splash pads, and more, there’s enough to keep the kids entertained for hours. With the park’s diverse amenities, it’s an excellent spot for picnics, family gatherings, and sporting events. So, whether you’re a local or a tourist, make sure to stop by the Windmill Playground for some unforgettable memories.
As your friendly neighborhood realtor, I can attest that this park truly adds to the quality of life in Prosper, Texas. So, when you’re looking for your next home, keep this gem in mind. The Windmill Playground and Frontier Park could just be your new backyard!
Photos of Windmill Playground in Prosper Texas
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Are you ready to experience the joy of homeownership in the vibrant Dallas-Fort Worth area?
Whether you’re in search of an existing home or a brand-new construction, rest assured that I’m here to assist you every step of the way.
With a dedicated Realtor by your side, the home-buying process becomes a breeze. Say goodbye to stress, and let me handle all the intricate details on your behalf.
Getting the guidance you need is as simple as filling out a brief questionnaire on my Homebuyers contact form. From there, I’ll take care of everything, ensuring a seamless and hassle-free journey towards finding your dream home.
Call/Text 214.940.8149
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Things to do in Prosper, TX - A Closer Look at Town Lake Park - Over 90 photos
Things to do in Prosper, TX – Exploring Town Lake Park: A Community Gem!
If there’s one thing that sets Prosper, TX apart, it’s the abundant parks and green spaces that enhance the quality of life in this thriving town.
Today, we shine the spotlight on Town Lake Park, a gem in our community that connects us with nature and encourages outdoor recreation.
Prosper, TX: A Rapidly Growing Town
Prosper, TX has seen phenomenal growth in recent years, with residents attracted by high-quality services, excellent schools, availability of the new construction homes and master planned communities and, of course, the beautiful parks. These green spaces are not just eye candy; they play a pivotal role in the community, facilitating leisure, physical activity, and social interaction.
The Prosper Park System: A Tapestry of Green
Prosper, TX is home to 20 parks, which can be divided into neighborhood parks, community parks, and pocket parks.
Neighborhood parks are small sanctuaries that provide a respite from the urban landscape.
Community parks, like Town Lake Park, are larger attractions offering varied activities for the whole family.
Pocket parks, on the other hand, are tiny oases that enhance the local character and vitality of an area.
Town Lake Park: A Connection to Nature
Now, let’s turn our focus to the star of this article: The Town Lake Park.
If there’s one park that embodies the spirit of Prosper, it’s Town Lake Park. Sprawling across 24.49 acres, the park is divided into two sections – each with its own unique charm.
Whether it’s the gorgeous lake views at Greenspoint or the serene trails of Whispering Farms, Town Lake Park has something for everyone.
Town Lake Park’s Signature Features
The centerpiece of Town Lake Park is the 27-acre stocked lake, lovingly maintained by the Collin County Soil & Water Conservation District. It’s a magnificent resource, providing opportunities for fishing, kayaking, and non-motorized boating.
Exploring Town Lake Park
Split into two sections—Whispering Farms and Greenspoint—the park offers a plethora of amenities. Each section of Town Lake Park has its own character.
Town Lake Park (Whispering Farms)
At Whispering Farms (access at 901 Woodview Dr, Prosper, TX 75078), you will find an 18.3-acre area featuring a pavilion, nature area, hike and bike trails, fishing dock, and ample parking space.
AMENITIES:
• Pavilion: 1
• Nature Area
• Hike & Bike Trails
• Open Space
• Fishing Dock
• Ponds
• Parking
Town Lake Park (Greenspoint)
The Greenspoint section (access at 198 Townlake Dr, Prosper, TX 75078) is a 6.19-acre area that offers benches, picnic tables, a nature area, hiking and biking trails, a fishing dock, and comfortable on-street parking.
AMENITIES:
• Benches
• Picnic Tables: 1
• Nature Area
• Hike & Bike Trails: 0.36 mi
• Open Space
• Fishing Dock
• Ponds
• On-Street Parking
Rules and Regulations: Keeping Town Lake Park Green
To ensure the park remains a sanctuary for nature and residents alike, several rules are in place.
The park is open from 30 minutes before sunrise to 30 minutes after sunset throughout the year.
Motorized vehicles and golfing are not permitted,
Pets must be leashed at all times.
Swimming is not allowed in the lake,
Fishing is strictly catch and release.
Fishing at Town Lake Park
Anglers will be delighted to know that the lake is stocked with Largemouth Bass, Channel Catfish, and Sunfish. So grab your fishing gear and enjoy a relaxing day by the water!
Texas Parks and Wildlife Department
Water Body Records for Prosper Town Lake
https://tpwd.texas.gov/fishboat/fish/action/waterecords.php?WB_code=1074
Stocking History for Prosper Town Lake
https://tpwd.texas.gov/fishboat/fish/action/stock_bywater.php?WB_code=1074
There’s no doubt that Town Lake Park is a valuable asset to Prosper, TX. It plays an extremely significant role in the community, offering residents a space to relax, rejuvenate, and reconnect with nature.
As a realtor, I love showing prospective homeowners the beautiful parks that Prosper, TX has to offer.
After all, living in Prosper isn’t just about the homes – it’s about the lifestyle!
Photos of Town Lake Park At Whispering Farms in Prosper TX
Photos of Town Lake Park At Greenspoint in Prosper TX
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Are you ready to experience the joy of homeownership in the vibrant Dallas-Fort Worth area?
Whether you’re in search of an existing home or a brand-new construction, rest assured that I’m here to assist you every step of the way.
With a dedicated Realtor by your side, the home-buying process becomes a breeze. Say goodbye to stress, and let me handle all the intricate details on your behalf.
Getting the guidance you need is as simple as filling out a brief questionnaire on my Homebuyers contact form. From there, I’ll take care of everything, ensuring a seamless and hassle-free journey towards finding your dream home.
Call/Text 214.940.8149
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Construction Loans: How To Finance A Home Building Project in the Dallas area
How To Finance A Home Construction with a Construction Loan
Buying a home is a dream for many, but building your own home? That’s an ambition of a different level. Understanding construction loans is crucial for potential homeowners who are considering constructing their own homes. This article aims to shed the light on construction loans and guide you through the process.
What is a Construction Loan?
With a construction loan, you can obtain the funds needed to build your dream home without draining your savings. This short-term loan typically lasts around a year, giving you plenty of time to complete the construction process. However, it’s important to remember that at the end of this term, you will need to secure a new loan to cover the remaining balance, which is known as the “end loan.” With a construction loan, you can watch your dream home come to fruition and start making memories in your new space.
The construction loan is a line of credit for money to construct the home.
These are the roles construction loans play in homebuilding.
Types of Construction Loans
With several options available, it important to choose the right type of construction loan. Two major categories of construction loans that you should be aware of are construction-to-permanent loans and stand-alone construction loans.
The construction-to-permanent loans combines a construction loan and a mortgage into a single product, which can simplify the process of obtaining a loan and save on closing costs and paperwork.
On the other hand, stand-alone construction loans can be helpful if you’re on a tight budget and need to wait for the sale of your current home before building.
If you’re considering building a home, it’s worth exploring both options and determining which type of construction loan works best for your needs.
Photos of the progression of the custom home construction in Lucas, TX
The Process of Obtaining a Construction Loan
Obtaining a construction loan involves a number of steps, starting with a pre-approval process, during which the lender will check your credit and validate your income and assets. Next, you’ll provide a detailed plan of your construction project, including a budget. Once the loan has been approved and the construction is underway, you will typically make interest-only payments.
Closing Thoughts
When it comes to building your own home, understanding the nuances of construction loans is vital. These loans offer potential homeowners the opportunity to construct their dream home from the ground up. With the proper guidance and understanding, a construction loan can pave the way to your dream home. So, consider your options, and do not hesitate to seek professional advice.
After all, the home of your dreams awaits you!
Nothing found.
Are you ready to experience the joy of homeownership in the vibrant Dallas-Fort Worth area?
Whether you’re in search of an existing home or a brand-new construction, rest assured that I’m here to assist you every step of the way.
With a dedicated Realtor by your side, the home-buying process becomes a breeze. Say goodbye to stress, and let me handle all the intricate details on your behalf.
Getting the guidance you need is as simple as filling out a brief questionnaire on my Homebuyers contact form. From there, I’ll take care of everything, ensuring a seamless and hassle-free journey towards finding your dream home.
Call/Text 214.940.8149
The Buyer’s Agent Duty
READ: Texas Real Estate Commission Information About Brokerage Services
AS AGENT FOR BUYER/TENANT: The broker becomes the buyer/tenant’s agent by agreeing to represent the buyer, usually through a
written representation agreement. A buyer’s agent must perform the broker’s minimum duties above and must inform the buyer of any
material information about the property or transaction known by the agent, including information disclosed to the agent by the seller or
seller’s agent.
A BROKER’S MINIMUM DUTIES REQUIRED BY LAW (A client is the person or party that the broker represents):
– Put the interests of the client above all others, including the broker’s own interests;
– Inform the client of any material information about the property or transaction received by the broker;
– Answer the client’s questions and present any offer to or counter–offer from the client; and
– Treat all parties to a real estate transaction honestly and fairly.
TO AVOID DISPUTES, ALL AGREEMENTS BETWEEN YOU AND A BROKER SHOULD BE IN WRITING AND CLEARLY ESTABLISH:
– The broker’s duties and responsibilities to you, and your obligations under the representation agreement.
– Who will pay the broker for services provided to you, when payment will be made and how the payment will be calculated.
TYPES OF REAL ESTATE LICENSE HOLDERS:
– A BROKER is responsible for all brokerage activities, including acts performed by sales agents sponsored by the broker.
– A SALES AGENT must be sponsored by a broker and works with clients on behalf of the broker.
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Discover the World of Custom Homes in Dallas: Find out the cost, steps involved, Pros and Cons.
Discover the World of Custom Homes in Dallas: Find out the cost, steps involved, Pros and Cons.
Hello, future homeowners!
When searching for a new home, have you ever wished you could change the layout, expand the kitchen, or add more windows? Have you ever wished your dream home could be exactly the way you envision it?
Are you tired of settling for cookie-cutter houses that don’t quite meet your needs?
If you answered Yes to all these questions, you are not alone!
Most homes in the Dallas area are built by mass-production home builders, meaning they follow pre-designed floor plans with minimal customization.
The mass production home builders prioritize consistency and profitability, meaning you’re often left with limited options and almost identical homes in every subdivision.
But what if there was a better option?
As a matter of fact, there is a better option! Let me introduce you to Custom Homes: the solution to your housing dreams in the Dallas area.
What exactly are Custom Homes?
Custom Homes are like custom cabinets or custom clothing, but for your entire house! They’re homes that are designed and built according to your specific preferences.
When it comes to a custom home, you get to be in control! You can choose the layout, features, and everything else to make it exactly the way you want it.
With custom homes, you can bring your vision to reality and create a one-of-a-kind home that’s uniquely yours.
If you’re dreaming about building that perfect nest in the Dallas area, you’ve come to the right place – your friendly neighborhood Realtor is here to walk you through the ins and outs of crafting a custom home.
Let’s discuss the Pros and Cons of building a Custom Home in the Dallas area.
Building a Custom Home in Dallas: Pros
One of the most significant advantages of custom homes is the ability to personalize. You work with an architect to create a floor plan and home specifications that suit your desires so every nook and cranny reflects your style and needs.
Another advantage is the freedom to choose the perfect lot in an ideal location. Unlike mass-produced homes, where your choices are limited, custom homes allow you to select a lot that fits your preferences, whether it’s for privacy or a larger house.
Building a Custom Home in Dallas: Cons
It is not an ideal world, unfortunately, of course, there are some downsides to custom homes. Time and money are the primary considerations.
Building a custom home could take longer due to the various stages involved, such as preparing the lot, designing the house, obtaining permits, and completing construction.
It’s a process that requires patience and planning.
And depending on your desires and budget, custom homes can be more expensive than pre-designed options.
Building a Custom Home in Dallas: Here’s What You Need to Know!
Custom homes are not for everyone, but for those who prioritize personalization and have the means, they offer a truly unique and fulfilling homeownership experience.
Before diving into the world of custom homes, it’s essential to do your homework and understand the limitations.
You have decided to build a custom home. What next?
So, you’ve decided to build a custom home – that’s fantastic!
Before we get those creative juices flowing, here’s a quick rundown of some essential steps to consider:
Location and Land Acquisition: Location, Location, Location! Find a piece of land that screams “home” to you. This crucial step influences many aspects of your custom home building.
Remember, some builders have lots up for grabs that could fast-track your journey.
Home Design: Take your time crafting the perfect floor plan. You’re going to live with it for a while!
Investing considerable time in floor plan design is a wise move, especially if you’re not entirely sure what you want. Conduct thorough research and arrive with an initial layout in mind.
Selecting Your Builder: Dallas is home to numerous custom home builders, each with its own flavor.
Evaluate their reputation, product quality, customer service, and other relevant factors to find the best fit for your needs.
Do your homework and pick one that ticks all your boxes.
Budget Determination: Dream big, but keep your feet on the ground. While custom homes can cater to virtually any desire, your budget is the ultimate boundary.
It’s vital to secure financing and plan for unexpected cost increases ahead of construction.
Expect Delays: Adhering to construction schedules is a rare phenomenon nowadays, with factors like weather, material and labor availability, and government entity response times influencing timelines.
However, being prepared for potential delays can make the process smoother.
Your Participation: As a custom home is heavily influenced by your input, being available for meetings and involved in the process is vital.
Make yourself available for meetings and be involved – it’s your dream home after all!
How A Realtor Can Ease Your Custom Home Building Journey?
Should you hire a realtor? Absolutely! Building a home is like cooking a gourmet meal – it’s much easier when an expert guides you.
A knowledgeable Realtor can be your guiding light during your custom home-building adventure, offering valuable input.
As your Realtor, I can:
Help find the perfect land for your dream home
Recommend a reputable custom home builder
Keep things on track during construction
Aid in home inspections
And more!
Remember, your Realtor represents your best interests, helping alleviate stress and ensuring you’re not navigating this complex process alone.
How long does it take to build a custom home in Dallas?
Building a custom home in Dallas can take anywhere from 8 to 15 months. Keep in mind that the timeline can vary depending on the size and complexity of your home.
How much does it cost to build a custom house in Dallas? What’s the cost per square foot?
When it comes to custom home construction, the costs include the land and everything related to its development and the cost per square foot of living space.
Custom home builders aim to provide personalized solutions to homebuyers while making a profit.
The main expenses include land development and the house itself, with costs ranging from $150 to $300 per square foot of living space.
However, the final price can vary based on various factors like buyer preferences and availability of materials and labor.
Keep in mind that some builders have minimum living space requirements.
How do you finance a Custom Home you want to build?
Did you know that there’s a special loan called a construction loan that can help you finance the cost of building your dream home? It’s a short-term loan that typically lasts around a year, giving you enough time to bring your vision to life.
Find out more by watching the video. ( https://www.youtube.com/watch?v=uWcAbN0Q_IE )
Does a custom home come with a warranty?
Wondering if your custom home comes with a warranty? The answer is a resounding yes!
Just like any newly built home, custom homes offer warranty options to cover foundation, craftsmanship, electrical, plumbing, HVAC, and structural aspects.
Enjoy the peace of mind that comes with a warranty.
Is Building a Custom Home in Dallas Worth It?
This is the million-dollar question, isn’t it? Building a custom home requires a healthy dose of patience, determination, and financial planning.
But let me tell you, nothing beats walking into a home that’s been designed by you, for you.
If you’re ready to live in a home that’s the embodiment of your dreams, then yes – it’s absolutely worth it!
Photos of the Custom Homes in The Dallas area
Nothing found.
Are you ready to experience the joy of homeownership in the vibrant Dallas-Fort Worth area?
Whether you’re in search of an existing home or a brand-new construction, rest assured that I’m here to assist you every step of the way.
With a dedicated Realtor by your side, the home-buying process becomes a breeze. Say goodbye to stress, and let me handle all the intricate details on your behalf.
Getting the guidance you need is as simple as filling out a brief questionnaire on my Homebuyers contact form. From there, I’ll take care of everything, ensuring a seamless and hassle-free journey towards finding your dream home.
Call/Text 214.940.8149
The Buyer’s Agent Duty
READ: Texas Real Estate Commission Information About Brokerage Services
AS AGENT FOR BUYER/TENANT: The broker becomes the buyer/tenant’s agent by agreeing to represent the buyer, usually through a
written representation agreement. A buyer’s agent must perform the broker’s minimum duties above and must inform the buyer of any
material information about the property or transaction known by the agent, including information disclosed to the agent by the seller or
seller’s agent.
A BROKER’S MINIMUM DUTIES REQUIRED BY LAW (A client is the person or party that the broker represents):
– Put the interests of the client above all others, including the broker’s own interests;
– Inform the client of any material information about the property or transaction received by the broker;
– Answer the client’s questions and present any offer to or counter–offer from the client; and
– Treat all parties to a real estate transaction honestly and fairly.
TO AVOID DISPUTES, ALL AGREEMENTS BETWEEN YOU AND A BROKER SHOULD BE IN WRITING AND CLEARLY ESTABLISH:
– The broker’s duties and responsibilities to you, and your obligations under the representation agreement.
– Who will pay the broker for services provided to you, when payment will be made and how the payment will be calculated.
TYPES OF REAL ESTATE LICENSE HOLDERS:
– A BROKER is responsible for all brokerage activities, including acts performed by sales agents sponsored by the broker.
– A SALES AGENT must be sponsored by a broker and works with clients on behalf of the broker.
Latest from Dallas Real Estate Blog
Dallas Housing Market: Prices | Trends | June 2023
Housing Report for Dallas-Fort Worth-Arlington Metropolitan Statistical Area – June 2023
Single-Family Homes SUMMARY
Sales volume for single-family homes decreased 4.28% YoY from 9,196 to 8,802 transactions.
Year-to-date sales reached a total of 43,890 closed listings.
Dollar volume dipped from $4.89 billion to $4.57 billion.
The average sales price dipped 2.43% YoY from $531,631 to $518,714.
The average price per square foot subsequently declined from $219.36 to $210.38.
Median price declined 4.05% YoY from $432,500 to $415,000.
The median price per square foot also declined from $207.79 to $197.37.
Months inventory for single-family homes rose from 1.9 to 2.5 months supply.
Days to sell rose from 53 to 73.
—
(Days to Sell = Days on Market + Days to Close)
(YoY – Year-over-Year is a calculation commonly used in economics or financial data to show how information from one time period compares to the year prior.)
Dallas-Fort Worth Housing Report June 2023 (single family homes residential)
June 2023 | YoY %
Home Sales: 8,802 | -4.28%
Dollar Volume: $4,565,719,239 | -6.61%
Median Close Price: $415,000 | -4.05%
New Listings: 11,601 | -21.94%
Active Listings: 18,313 | 17.02%
Months Inventory: 2.5 | 34.70%
Days to Sell: 73 | 37.74%
Average Price PSF: $210.38 | -4.09%
Median Price PSF: $197.37 | -5.02%
Median Square Feet: 2,161 | 0.65%
Close to Original List Price: 97.60% | -5.41%
COLLIN COUNTY HOUSING REPORT – June 2023
June 2023 | YoY %
New Listings: 2,096 | – 21.5%
Average Sales Price: $608,665 | – 5.6%
Median Sales Price: $539,000 | – 5.1%
Days on Market Until Sale: 35 | + 118.8%
Inventory of Homes for Sale: 2,811 | – 7.1%
Months Supply of Inventory: 2.3
Relocating to Dallas-Fort Worth?
Consider New Construction Homes in Princeton, Texas
Princeton, TX is located in Collin County Texas and is part of Dallas-Fort Worth metropolitan area.
About the data used in this report
Data used in Dallas-Fort Worth- Arlington report come from Texas Realtor® Data Relevance Project, a partnership between the Texas Association of Realtors® and local Realtor® associations throughout the state. The analysis is provided through a research agreement with the Real Estate Center at Texas A&M University
Data used in Collin County report come from North Texas Real Estate Information Services, Inc.
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Explore an important information for Home Sellers in the Dallas-Fort Worth area
Explore an important information for Home Buyers in the Dallas-Fort Worth area
Closing Costs: What are they, How much money do you need to buy a home? A Complete Guide for First Time Home Buyers in Dallas Fort Worth
“How much money do I need to buy a home?”
A common question among my clients who are looking to purchase a house in the Dallas area.
And it’s an important question because when you’re closing on a home, there are certain costs that both the Buyer and Seller must pay in order to finalize the deal.
These costs are known as CLOSING COSTS.
Many first-time home buyers are unaware of these charges or have a limited understanding of why they exist and what they entail.
That’s why the purpose of this article is to educate first-time home buyers about closing costs and how they can impact their decision to buy a home.
Here are some key takeaways:
– Closing costs are a part of the real estate transaction.
– Home buyers in the Dallas area must account for closing costs when planning to buy a house.
– There are various ways for first-time home buyers to pay Closing Costs.
– There are also strategies to reduce or even avoid paying Closing Costs altogether.
So, let’s dive into what Closing Costs are and why they exist.
What are Closing Costs?
Closing costs can significantly impact the purchase of a home, so it’s essential to have a clear understanding of what they are and how they can affect your home buying process.
Closing costs are the expenses that both buyers and sellers have in a real estate transaction. In simpler terms, if you’re buying a home, closing costs will be involved.
In a nutshell, the closing costs for home buyers include expenses associated with obtaining a loan, expenses related to the property, and service fees. It’s worth noting that the specific closing costs will vary depending on the obligations and liabilities of each party involved.
In order to complete the home-buying transaction, both the Buyer and Seller must have sufficient funds to cover the closing costs.
This means that as a buyer, you need to have a certain amount of money set aside and readily available to cover these expenses.
Where can home buyers find information about closing cost items?
If you’re wondering where to find information about the specific items included in closing costs, you can refer to Paragraph 12 of the home purchase contract.
This section provides details about the expenses for both the Buyer and Seller. Additionally, prorations are described in Paragraph 13.
It’s important to note that the TREC contract, which outlines these details, is available for public use. This means you can access the contract language to fully understand what expenses you may be responsible for.
https://www.trec.texas.gov/agency-information/contracts
Here is the language of the contract at the time of publishing this article:
By understanding and being aware of closing costs, first-time home buyers can make informed decisions and better plan their home purchase.
How to Find Your Exact Closing Costs as a Home Buyer
When it comes to finding out how much you’ll need to cover closing costs, there are a few key steps to keep in mind. Let’s break it down in a simple and straightforward way.
So, Here’s how it works:
If the home buyer is financing their purchase with a loan. Just remember, you’ll need to provide the lender with the exact address of the home you want to buy or have an executed home purchase contract:
Step 1: Loan Estimate
After submitting the loan application or executing the home purchase contract, the lender will provide the home buyer with a Loan Estimate. This document, consisting of 3 pages, includes essential information such as the estimated interest rate, monthly payment, costs of taxes and insurance, and total closing costs for the loan. Keep in mind that this is just an estimate based on available information.
Step 2: Closing Disclosure
The final numbers for the Closing Costs will be reflected in the Closing Disclosure as the home buying transaction progresses. The lender is required to provide this document at least three days before closing. The Closing Disclosure, which consists of 5 pages, provides the home buyer with the final numbers for closing costs.
The Consumer Financial Protection Bureau (CFPB) has an amazing example of Closing disclosure with the items explanation and tips for home buyers.
https://www.consumerfinance.gov/owning-a-home/closing-disclosure/
But what if the home buyer is not taking a loan?
In this case, the Title company will provide the Closing Disclosure.
Whether paying cash or financing, the only way to find out the exact closing costs is through the Closing Disclosure.
When Do You Receive the Closing Disclosure?
Typically, the Closing Disclosure becomes available three days before closing. While waiting for it can be nerve-wracking, having an estimate beforehand will give you peace of mind and help you prepare.
It’s important to note that this document is typically available very close to the closing day, causing some anxiety for home buyers. However, having an estimate can provide peace of mind and help with preparation.
How much are the Closing Costs?
Now, let’s address the question of how much the closing costs actually are.
Closing costs are additional expenses that home buyers have to pay on top of the down payment. (The Closing Cost expenses and the down payment are called CASH TO CLOSE.)
Closing costs can vary greatly due to factors such as the home price, loan product used, Seller’s concessions, property taxes, home insurance, mortgage insurance, HOA transfer fees, and other expenses.
On average, in the Dallas area, closing costs range from 3% to 7% of the home price.
To provide an example, if the home price is $350,000, the Buyer’s closing costs can range anywhere from $10,500 to $24,500. Keep in mind that this is just an example, and the actual closing costs will depend on your specific situation.
Here’s a real-life example to illustrate:
In April 2023, my client purchased a home with conventional financing, and we negotiated a few seller concessions. The home price was $347,900, and the closing costs amounted to $14,032, which is roughly 4% of the home price.
In this case, the home buyer had set aside funds equivalent to 10% of the home price as a precaution, but it turned out that 4% was sufficient.
Source of Funds for Closing Costs
Now, let’s discuss how home buyers can pay the closing costs.
Home buyers can pay closing costs using various sources; just remember that all funds must be verified. The closing costs can be paid by the home Buyer, lender, Seller, or realtors or can be a gift from family or a “family-like” relationship.
So there are various options available to cover these costs.
Are Closing Costs Tax Deductible?
Want a quick answer? In most cases, closing costs are not tax deductible. However, certain expenses related to mortgage and state and local real estate taxes can be deducted. For a more detailed answer, consult your CPA or head straight to the IRS website.
Attention First-Time Home Buyers: Can You Avoid Closing Costs?
The good news is, yes, you can find ways to dodge those pesky closing costs. One option is to take advantage of grants and down payment assistance programs.
Additionally, your realtor may be able to negotiate with the Seller to cover a significant portion or all of the closing costs, depending on the market and the specific property.
Some closing costs are also negotiable, and the timing of your home purchase can play a role in reducing these expenses (e.g., closing at the end of the month or year).
To explore ways to reduce your closing costs, it’s recommended to consult with your lender and realtor.
In conclusion,
Closing Costs are a reality that every home buyer will face. While there are ways to reduce or have someone else pay for these expenses, that’s a topic for another article. The goal of this article is to inform first-time home buyers about the existence of closing costs and how they can impact the home-buying decision.
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Are you ready to experience the joy of homeownership in the vibrant Dallas-Fort Worth area?
Whether you’re in search of an existing home or a brand-new construction, rest assured that I’m here to assist you every step of the way.
With a dedicated Realtor by your side, the home-buying process becomes a breeze. Say goodbye to stress, and let me handle all the intricate details on your behalf.
Getting the guidance you need is as simple as filling out a brief questionnaire on my Homebuyers contact form. From there, I’ll take care of everything, ensuring a seamless and hassle-free journey towards finding your dream home.
Call/Text 214.940.8149
The Buyer’s Agent Duty
READ: Texas Real Estate Commission Information About Brokerage Services
AS AGENT FOR BUYER/TENANT: The broker becomes the buyer/tenant’s agent by agreeing to represent the buyer, usually through a
written representation agreement. A buyer’s agent must perform the broker’s minimum duties above and must inform the buyer of any
material information about the property or transaction known by the agent, including information disclosed to the agent by the seller or
seller’s agent.
A BROKER’S MINIMUM DUTIES REQUIRED BY LAW (A client is the person or party that the broker represents):
– Put the interests of the client above all others, including the broker’s own interests;
– Inform the client of any material information about the property or transaction received by the broker;
– Answer the client’s questions and present any offer to or counter–offer from the client; and
– Treat all parties to a real estate transaction honestly and fairly.
TO AVOID DISPUTES, ALL AGREEMENTS BETWEEN YOU AND A BROKER SHOULD BE IN WRITING AND CLEARLY ESTABLISH:
– The broker’s duties and responsibilities to you, and your obligations under the representation agreement.
– Who will pay the broker for services provided to you, when payment will be made and how the payment will be calculated.
TYPES OF REAL ESTATE LICENSE HOLDERS:
– A BROKER is responsible for all brokerage activities, including acts performed by sales agents sponsored by the broker.
– A SALES AGENT must be sponsored by a broker and works with clients on behalf of the broker.
Latest from Dallas Real Estate Blog
Dallas Housing Market: Prices | Trends | May 2023
Housing Report for Dallas-Fort Worth-Arlington Metropolitan Statistical Area – May 2023
Single-Family Homes SUMMARY
Sales volume for single-family homes decreased 1.86% YoY from 9,034 to 8,866 transactions.
Year-to-date sales reached a total of 35,028 closed listings.
Dollar volume dipped from $4.83 billion to $4.52 billion.
The average sales price dipped 4.63% YoY from $534,560 to $509,825
The average price per square foot subsequently declined from $220.41 to $210.17.
Median price declined 5.75% YoY from $435,000 to $410,000
The median price per square foot also declined from $207.41 to $197.33.
Months inventory for single-family homes rose from 1.3 to 2.2 months supply.
Days to sell rose from 54 to 77.
—
(Days to Sell = Days on Market + Days to Close)
(YoY – Year-over-Year is a calculation commonly used in economics or financial data to show how information from one time period compares to the year prior. )
Dallas-Fort Worth Housing Report May 2023 (single family homes residential)
May 2023 | YoY %
Home Sales: 8,866 | -1.86%
Dollar Volume: $4,520,107,135 | -6.40%
Median Close Price: $410,000 | -5.75%
New Listings: 11,112 | -13.10%
Active Listings: 16,330 | 50.67%
Months Inventory: 2.2 | 74.04%
Days to Sell: 77 | 42.59%
Average Price PSF: $210.17 | -4.64%
Median Price PSF: $197.33 | -4.86%
Median Square Feet: 2,128 | -0.75%
Close to Original List Price: 97.36% | -7.35%
COLLIN COUNTY HOUSING REPORT – May 2023
May 2023 | YoY %
New Listings: 1,985 | – 16.2%
Average Sales Price: $590,118 | – 8.8%
Median Sales Price: $524,990 | – 8.8%
Days on Market Until Sale: 41 | + 192.9%
Inventory of Homes for Sale: 2,350 | + 14.5%
Months Supply of Inventory: 1.9
Relocating to Dallas-Fort Worth?
Consider New Construction Homes in Princeton, Texas
Princeton, TX is located in Collin County Texas and is part of Dallas-Fort Worth metropolitan area.
About the data used in this report
Data used in Dallas-Fort Worth- Arlington report come from Texas Realtor® Data Relevance Project, a partnership between the Texas Association of Realtors® and local Realtor® associations throughout the state. The analysis is provided through a research agreement with the Real Estate Center at Texas A&M University
Data used in Collin County report come from North Texas Real Estate Information Services, Inc.
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Dallas-Fort Worth Relocation Guide
Explore an important information for Home Sellers in the Dallas-Fort Worth area
Explore an important information for Home Buyers in the Dallas-Fort Worth area
Comfortable 4 Bedroom Home for Sale.
A beautiful, 1 story home that boasts an open concept floor plan with 4 bedrooms and 2 baths, spanning across a generous 1698 sqft in Princeton, TX at an affordable price!
Homes For Sale In the Dallas area
Hey there, if you’re in the market for a new place to live in the Dallas area, you gotta check out Princeton, TX! Princeton is located in Northeast Collin County between the cities of McKinney and Greenville Texas on U.S. Highway 380.
This place is seriously a hidden gem. It’s growing but still has that small-town charm that we all crave.
Plus, it’s super convenient being right off HWY 380 and only a hop, skip, and a jump away from McKinney, TX, Allen, TX, Fairview, TX, and even Dallas (yep, it’s just 41 miles away!).
Homes For Sale in Princeton, TX
Let me tell you, there are so many great homes available for sale in Princeton, but I personally want to bring your attention to one that caught my eye.
It’s a beautiful, 1 story home that boasts an open concept floor plan with 4 bedrooms and 2 baths, spanning across a generous 1698 sqft.
While this specific home has already been sold, there are numerous other homes that have been built with the same floorplan. If you are interested in this floorplan, I would be more than happy to assist you in finding a very similar home in Princeton, TX.
PROPERTY DETAILS
Bedroom 2 – 10×10 ft Walk-in Closet
Bedroom 3 – 10×11 ft Walk-in Closet
Bedroom 4 – 10×12 ft Walk-in Closet
Primary Owner’s Suite – 18×13 ft
Family/living room – 18×13 ft
2 Car Garage – 17×22 ft
SQFT Total – 1698
Backyard – 62×23 Sqft
No MUD, No PID
And the backyard? Let’s just say it’s perfect for all your summertime BBQs.
Not to mention, the community amenities are top-notch, with a pool and playground for the kiddos.
LOCATION! LOCATION! LOCATION!
This home location is very convenient. With shopping, schools, a hospital, parks, and a lake nearby, you’ll have everything you need right at your fingertips.
Distance from this home in Princeton, TX to major highways
U.S. 380 – 0.5 mile
State Highway 5 – 5 miles
U.S. 75 – 6.7 miles
State Highway 121 – 9.8 miles
Distance from this home in Princeton, TX to shopping
Specs – 1.4 miles
Walmart -2.2 miles
Costco – 8.1 miles
Whole Foods – 11.6 miles
Target – 7.2 miles
Home Depot – 7.4 miles
Lowes – 7.2 miles
Best buy – 7.1 miles
Kroger – 6.6 miles
Winco – 6.3 miles
Academy – 6.7 miles
Historic Downtown McKinney – 6.4 miles
Distance from this home in Princeton, TX to parks and recreation
J.M. Caldwell Sr. Community Park -2 miles
Ticky Creek Park -9 miles
Municipal center park – 4.6 miles
Distance from this home in Princeton, TX to the center of major cities and towns
to McKinney, TX – 8.1 mi
to Fairview, TX – 9.1 mi
to Lucas, TX – 12.3 mi
to Melissa, TX -11 mi
to Allen, TX – 14 mi
to Prosper, TX -18 mi
to Plano, TX – 20 mi
to Frisco, TX – 22 mi
to Celina, TX – 23 mi
to Dallas, TX – 41 mi
Distance from this home in Princeton, TX to the hospital
Medical City McKinney – 9.1 miles
Distance from this home in Princeton, TX to schools
Smith Elementary – 0.6 miles
https://www.princetonisd.net/Domain/798
Southard Middle School – 1.6 miles
https://www.princetonisd.net/Domain/1355
Princeton High School – 3.8 miles
https://www.princetonisd.net/Domain/52
Photos of a 4 Bedrooms Home For Sale in Princeton, TX
New Construction Homes in Van Alstyne TX - 1-ACRE LOT, 2 STORY, 5 CAR GARAGE, 4400 SqFt, 6BD, 3BA, OFFICE, MEDIA, GAMEROOM, COVERED PATIO, FIREPLACE
If you’re in the market for a spacious new construction home, this 2 story beauty on 1-Acre lot might be just what you’re looking for!
Hi Everyone, welcome to another installment of my Dallas-Fort Worth Home tour series, where I’m featuring homes on large lots, available to buy or build in the Dallas area!
Today, I’m featuring a magnificent 2-story new construction home on a 1-acre lot that’s available to buy or build in Van Alstyne, TX
If you’re interested in learning more about Van Alstyne, Texas as your potential new hometown, be sure to check out my Van Alstyne, TX Relocation Guide.
PRICE: $744,000*
*Price and Home Availability is subject to change without notice. Square footages are approximate.
AVAILABLE NOW! If you are interested, contact me (Call/Text 214-940-8149) as soon as possible.
This floor plan may be available in different locations around the Dallas-Fort Worth area.
This 2 story new construction home is situated on 1-acre lot, and boasts almost 4400 square feet of living space with 6 Bedrooms, 3.1 Bathrooms, an Office, a Gameroom, a Media room and 5 Car Garage.
Now, let me tell you what features this home offers for the price.
You’ll get a a 5 car garage with an oversized bay for bigger vehicles,
Hand-scraped hardwood floors, a full stone fireplace,
A Chef’s Kitchen complete with a double oven, wood range hood, granite countertops, lots of cabinets and a farm sink,
Bay windows in the primary owner’s suite for some breathtaking views, and an oversized covered patio that’s perfect for outdoor entertaining.
So, as you can see this home has so much to offer,
If you are interested in buying this home or build the same floor plan on a different 1-acre lot within this community contact me for details and availability
Watch Video: INSIDE A 6 BEDS NEW HOME ON 1 ACRE LOT NEAR DALLAS – $743,000 – NO HOA – 4400 SQFT, 5-CAR GARAGE
PHOTO GALLERY OF A NEW CONSTRUCTION HOME IN VAN ALSTYNE, TX. 1-acre lot, 2 Story, 4400 SqFt, 6 Bedrooms, 3.1 Bathrooms, an Office, a Gameroom, a Media room and 5 Car Garage.
Things To Do in Lucas TX-Discover the Hidden Gem of Lucas, Texas: The Lucas Farmers Market
Discover the Charm of Lucas, Texas and Unwind at the Lucas Farmers Market!
Lucas, Texas, might not be on the top of your list when it comes to must-visit destinations in the North Dallas area, but it certainly should be!
Beyond its quiet neighborhoods and rural charm, Lucas has one hidden gem that all locals and visitors should check out: the Lucas Farmers Market.
In this article, I will share with you why the Lucas Farmers Market is a must-visit destination and what you can expect when you visit.
The Lucas Farmers Market is a community-based market
The Lucas Farmers Market is a community-based market and is unlike any other farmers market you’ve ever visited. Located in the Lucas Community Park, the market opens every second and fourth Saturday of the month from 8 am to noon.
What I love most about this event is that it’s not just about selling products; it’s about creating a social experience where the community and visitors can interact with local vendors, farmers, food producers, and artists.
Lucas Farmers Market supports local farmers and small businesses
Speaking of vendors, the Lucas Farmers Market has a plethora of local vendors that sell an array of products that cater to everyone’s needs.
From fresh produce to grass-fed meats, artisan crafts, and local honey to homemade jams, jellies, and hot sauces, the market offers a wide range of unique products that you can’t find anywhere else.
One of our favorite things about the Lucas Farmers Market is how it supports local farmers and small businesses.
By purchasing from local vendors, you’re not only getting high-quality products, but you’re also supporting the local community and helping small businesses thrive.
It’s a great way to give back to the community while also enjoying yourself.
Live music performances and food-tasting demonstrations
Apart from the vendors, there’s also a lot of entertainment at the market. You can enjoy live music performances and food-tasting demonstrations.
The Lucas Farmers Market is a family-friendly event that offers something for everyone to enjoy.
If you’re looking for something different to do on a lazy Saturday morning, head out to the Lucas Farmers Market.
You will be satisfied with the selection of high-quality products, family-friendly entertainment, and community interaction.
You can also feel good about supporting local vendors and small businesses while enjoying a fun day out.
The market is located at 665 Country Club Road, Lucas, TX
Hours: from 8 am to noon on the second and fourth Saturdays of each month.
Make sure you put it on your North Dallas must-visit list!
Photos of Lucas Farmers Market
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Are you ready to experience the joy of homeownership in the vibrant Dallas-Fort Worth area?
Whether you’re in search of an existing home or a brand-new construction, rest assured that I’m here to assist you every step of the way.
With a dedicated Realtor by your side, the home-buying process becomes a breeze. Say goodbye to stress, and let me handle all the intricate details on your behalf.
Getting the guidance you need is as simple as filling out a brief questionnaire on my Homebuyers contact form. From there, I’ll take care of everything, ensuring a seamless and hassle-free journey towards finding your dream home.
Call/Text 214.940.8149