The Frisco real estate market is heating up!
Frisco is one of the fastest-growing communities in the United States. Founded in 1902 as a small railroad town, today’s Frisco real estate is on track for the future.
A wide variety of housing styles and price ranges are available in this Collin County town. From the old town area to golf course lots and country homes on acreage, to resale and new construction by nationally known homebuilders; you’ll find Frisco a great place to call home. Frisco offers its residents a unique living experience, with numerous recreational activities, recognized schools and great neighborhoods.
Frisco is also home to a variety of sporting venues, including the Dr Pepper Ballpark, a minor league baseball Stadium that is the home of the Frisco RoughRiders; FC Dallas Stadium, which is primarily used as a soccer stadium by the FC Dallassoccer club but also hosts football games and concerts; and the Dr Pepper Arena, a combination hockey and basketball venue, which is the home of the Texas Legends of the NBA Development League and the North American Hockey League franchise Texas Tornado. It also serves as the practice facility for the Dallas Stars of the National Hockey League.
Being that Ricardo Mendiola is a native Dallas resident, you can rest assured he is the Frisco Realtor you need!
Buying a Frisco home is generally the single largest purchase that we make in our lifetimes and most of us are interested in not only the value of our properties, but also the general value of like properties in our neighborhoods. Whether you have just moved into a new home or have lived there for years, tracking the market value of your property is essential for any informed homeowner.
This website’s property search provides an excellent platform to track property values and market trends in your area. In this post, you will learn strategies for tracking the value of your home by researching similar homes in your area. Frisco real estate can be tricky!
The goal is to track for sale and sold properties that closely resemble your own. The asking price (or sold price, if available) on similar properties will give you a better idea of the value of your own home at different points in time.
To begin, navigate to the property search on this site and fill in the search criteria and property characteristics that closely match your home, while setting the price ranges at “Minimum” for the low range and “Maximum” for the high range. Remember that you are trying to find other properties that are as similar as possible to your own. Thus, be sure to include location, property type, beds, baths, square feet, and garage spaces. If you live in a newer home, you may also wish to include a year in the “Year Built” field to filter our older homes.
As you continue to select criteria, you will notice that the number of matching properties will continue to decrease. When you are done entering your property criteria, there should be a reasonable number of similar homes matching the criteria you selected. If not, you may wish to remove some of the less important amenities or add geography to your search in order to establish a better pool of similar properties.
Once you have selected all criteria, run your search to view homes similar to yours. Reviewing the prices of Frisco real estate will begin to help you develop a sense of your own property’s value. You may also wish to save your work by saving your searches for future reference. You can also elect to receive email notifications when new ‘like properties’ hit the market.
To use these tools, simply save your search and give it name such as “Comparisons to my home.” You can save your search on the main search page after selecting your criteria by clicking the “Save Search” button. Alternatively, you can save your search on the search results pages by clicking the button “Email Me When New Listings Match This Search.” Both links will take you to the same screen where you will set up your saved search name and email notification preferences.
As you track home values in your area over time, you will also begin to develop a sense of market trends in your area. For instance, if you notice that the selling price of Frisco real estate similar to your own are increasing, you can typically conclude that the value of your property may be on the rise. If homes similar to yours are on the market for longer lengths of time and have a lower selling price, you could infer that the market value of your property may be decreasing. But, please remember the results of these searches are indicators–not hard science.
These easy, but important steps will empower you to stay informed regarding the value of your home and on the changing marketing trends in your neighborhood.
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