In 2008 there were 532 REO or foreclosure properties in Frisco listed. In the first half of 2009 there were 202 such properties and in the second half only 158.
Demand in Frisco has stayed way up, even throughout the economic downturn in Summer 2008. Demand for foreclosures and vacant properties by the buying public is way up for Frisco, but the choices in each price point are dwindling. It's hard not to laugh when some prospective buyers tell us how far off the list price a buyer thinks they are going to offer on a Frisco home. The comparative sales just don't support their expectations. Hit-and-run low-ball offers are frustrating, but I've found most Frisco sellers are doing their homework, too, and know the value of their home. We're a pretty computer-savvy community. I go in to homes with comparative home sales, and the owners are pulling out their own to compare. I think that's pretty cool, and very unique to Frisco. We have a high percentage of 'analytical' types making up our community. It has a lot to do with the corporate nature of our sellers, many of whom work in the Legacy Business Corridor.
My biggest problem with Frisco home sales? I don't keep a listing long enough to generate more buyer leads off of it before it goes into contract. That's a good problem to have, though, as it means that we know our market and homes are selling.
My biggest problem with selling a Frisco home? The infrastructure of Frisco is still challenged by inadequate road construction. What was about four years behind schedule four years ago is still probably a few years behind schedule. Frisco, and the communities around Frisco, are still growing and the additional population commuting to, and through, Frisco is still a big challenge. The road widening projects are underway, which gives us hope that the infrastructure concerns are being addressed by the city and state government. Do it faster, please.
Have a blessed day!
Ronda Allen, Realtor and Certified Purchasing Manager
CEO of comingsoonhomes.com
RE/MAX Dallas Suburbs
Not all listing agent place a foreclosure rider on each sale sign out front of a home
Keep in mind submit any sales offer you must be approved for a home loan lender letter is attached.
I know Frisco very well, you can visit my website click on letter F search for all homes within our budget
National Featured Realtor and Consultant, Texas Mortgage Loan Officer, Credit Repair Lecturer
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