Robert Mapes - REALTOR

05/01/2022

Sure, we all know what has happened lately in the residential real estate market. But how long can this last? I don't have a crystal ball, but I worry that many home owners who are sitting on the fence might wait too long.

Tell me, when you purchased your home, did you ever, in your wildest dreams, think that it might actually sell for today's current price? And just for your reference, it is May 1, 2022.

I was speaking with a young man who came out to check our HVAC system on Friday. He told me that he purchased his first home about a year ago and he is already thinking about selling. He says that the comps in his neighborhood are showing that his house has increased over $90,000 in value. So I asked him where he was going to find a place to live if he, indeed, sold his current home. He told me that he would move back in with his Mom because where else was he going to make about three times his current salary at once.

That's definitely something to think about.

05/01/2022

Confused about the upcoming Texas Constitutional Amendment vote? Her is a reference that might help.

The propositions on the May 7 ballot would lower property taxes by shifting more public school costs to the state. But the measures’ language can be hard to understand.

08/12/2020

Should you buy a home now, or wait? What is going to happen after the national elections?

In my opinion, regardless of who wins the presidential election, if you have ever been thinking about buying a home, you should jump in NOW!

Interest rates are incredibly low. And remember, you could be paying on your home for 30 years. There will come a day when the interest rates go back up, way up, and you will be sitting pretty because you took advantage of these interest rates today.

NOW is the time. Contact me for more details. I know of ways to get you out of the RENT RACE and get you on your way to building equity.

There are people who are renting one-bedroom apartments for about $1,500/month. Do you realize that you could have a mortgage of $300,000 and your mortgage and interest payments would be LESS?

The following is from bankrate.com:

The average rate for a 30-year fixed mortgage is 3.06 percent, an increase of 3 basis points from a week ago. This time a month ago, the average rate on a 30-year fixed mortgage was higher, at 3.14 percent.

At the current average rate, you’ll pay $424.85 per month in principal and interest for every $100,000 you borrow.

08/12/2020

Information About Brokerage Services

08/12/2020

Why not buy a discounted home and build up your equity quickly? For example, here is a home in the DFW area that was listed for $91,590 and the comps tell us that it could be worth $130,000. No, this isn't magic and I'm not a slight-of-hand slick talker. This is for real. Here was a home ideal for a handyman and a family of 4 to fix up, live in, and have over $35,000 of equity. That's an increase to your net worth of $35,000! There are people doing this once, twice, maybe even three times and before you know it, they have over $100,000 cash to apply to the home of their dreams. This is just one of the ways that you can get out of the RENT RACE and own YOUR OWN HOME.
Message me if you are interested in getting into your own home and start building up your net worth. Remember, paying rent is just another way of making SOMEONE ELSE wealthy. Instead, make your money work for YOU!

07/15/2019

In our area, it appears that house prices have been falling. Every day we see "price reduced" notifications. But don't be fooled. On average, home prices are still increasing, and it is doubtful that will stop in the near future. Unlike the housing "crash" back in 2008, we don't have a massive inventory of homes just waiting for buyers. Builders have been more cautious this time around when requesting new building permits. And with inventory being restrained, it won't take much for housing prices to increase at a faster rate. So, what does all of this mean? Though Sellers are not getting the over-list offers that they once were, they are still getting reasonable offers for their homes. And if you are waiting to purchase, I wouldn't wait too long, because you could probably end up paying more next year.

Contact me if you are a first-time home buyer and you want to start building up your own equity instead of paying a landlord. The fastest way to reach me is via FB Messenger or leave a comment and I will get back with you as soon as possible.

05/17/2019

What's coming up at the Eisemann Center

The Eisemann Center and the City of Richardson announced the 2019-2020 Season of Eisemann Center Presents (ECP) at the Annual Season Preview Party on Thursday, May 9, 2019. The season includes our two full subscription series: Jeffrey Siegel's Keyboard Conversations with a total of four concerts; an...

05/17/2019

Plano ranks 44th out of 100 of the fittest cities in the USA.

The American College of Sports Medicine has released its annual fitness scores and rankings. Here's what the report found for Plano.

05/17/2019

SusieCakes bakery location makes debut in Plano

A new bakery with delivery, catering and event services has debuted in the neighborhood. Read on for more details.

05/02/2019

BrookieLynn's Bungalow in Frisco's Rail District

Brookielynn's Bungalow has expanded her presence in the Rail District of downtown Frisco, Texas. See what’s new in her online shop, or attend a craft project workshop.

04/23/2019

Forget about Amazon, Facebook and Apple all announcing that they are going to build mega-offices in selected cities. Dallas has Texas Instruments...and look what they are doing.

Editor's note: This story is developing and will be updated.Dallas-based Texas Instruments has chosen Richardson as the site for an approximately...

04/23/2019

Looking like it's going to happen, the rebirth of Collin Creek Mall.

Plano officials have given the final approval for a $1 billion plan to redevelop the city's failing Collin Creek Mall. The city council voted...