Roxanne DeBerry
July 2020
"Putting Your Interests First"

Thinking of Investing in Rentals With Others?
Investing in rental property is a way for many to take advantage of monthly cash flow while seeing the asset increase in value over time. There really isn’t any type of investment that provides both benefits as rental property can. That’s why many diversify their portfolios to include real estate. However, sometimes it can be a bit expensive to come up with the necessary down payment and closing costs as well as identify a property that will cash flow each month. With rates still flirting with record lows, now might be as good a time as ever to make the leap and purchase your very first property. Some real estate investors like to partner with others to spread the risk around a bit while at the same time being able
Mortgage Rates
U.S. averages as of July 2020:

30 yr. fixed: 3.13%
15 yr. fixed: 2.59%
5/1 yr. adj: 3.08%

able to afford a property that might just be out of reach. Think of a fourplex or an apartment building. If you’re thinking of investing in real estate with others, there are some things you
Wondering What Your Home Is Worth?

Let me show you.

Home Equity Lines Of Credit On The Rise…But Can You Qualify?
     The Coronavirus quarantine has you thinking about making upgrades to your home, and that has you thinking about tapping your equity to take out as a home equity loan (HELOC), right? If so, you’re part of a real estate trend that’s sweeping the nation right now.
      A new report from LendingTree found that, “While the total number of home equity loan applications has fallen since January…those who do apply for a home equity loan are more likely to use it to pay for home improvements than they might’ve been at the start of the year.”
      Across the nation’s 50 largest metro areas, “An average of 45.9% of home equity loans are being used to make home improvements,” they said. That’s up from 37.3% in

What Will Homes Look Like In A Post-pandemic World?
     Better family gathering space. More comfortable bedroom space. Peaceful and private outdoor space. If those items tick your preferred “quarantine home” boxes, we get it. 
      The truth is that being stuck at home—in a home you don’t necessarily love—stinks. So, we don’t blame you if, while you’ve been sheltering, you’ve been dreaming of what you would change and where you would move given the choice. 
      The good news is that this pandemic is already having an impact on how builders operate, and the very things that are frustrating you about your existing home will likely drive changes to design and architecture in the future.
      “While the coronavirus still rages on, it’s hard to predict what post-pandemic abodes might look like,” said Barrons. “Yet, developers around the U.S. are already rethinking projects, anticipating residents’ needs and

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"June" The Change In the Real Estate Market"

 The excitement of the 4th of July holiday has come and gone. However, the excitement for people looking to purchase a home has definitely increased. Mortgage rates have driven some of this activity as well as people holding back during the pandemic and now deciding to get out and look. I have spoken to many agents who are seeing what The DeBerry Team is seeing and that is multiple offers and homes being sold in record times in certain price ranges.

Our team continues to monitor the market, weekly and monthly, so we can see what is going on and allows us to give accurate information. Look at these cities in Collin County at the end of June have shown what is going on. On a monthly basis we pick 5 cities to track. Allen, Frisco, McKinney, Plano and Wylie. Almost across the board “Median Days on Market” have been reduced and fairly significantly. “Months Supply” is lower in almost all areas which is creating the present multiple offer situation. All areas have less “Homes for Sale” compared to June of 2019. “Pending Sales” was greater than June of 2019 of last year. This means home buyers are out in force. “Closed Sales” in June were higher in areas except in Allen and McKinney than June of last year. However, with their larger pending sales they will catch up quickly.

What is important to know is that your Realtor must know what is going on so they can negotiate on the behalf of their client. We at The DeBerry Team of Keller Williams Realty have the knowledge and know how to help you get you what you want in the time you want it. Let us be of help. 214-676-8040. Try to stay cool if that is possible!

If you are someone you know needs our assistance with buying or selling a home, please have them call me: Roxanne DeBerry 214-676-8040. Have a great May and don't hesitate to let us know if we can be of any assistance with your real estate needs. The DeBerry Team of Keller Williams Realty

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Roxanne DeBerry,REALTOR CRS ePro
Keller Williams Realty
3608 Preston Road, Ste. 230
Plano, Texas 75093

Equal Housing Opportunity

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