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Don't Forget To Request A Quick Status Report On Any Homes Or Properties That Interest You! 

It can take days, weeks, or longer for changes to appear on web sites. Don't waste your time with less than current information. Request our free Status Report and find out if the homes you are interested in are still on the market, under contract, in escrow, or if the price has been reduced. 

The Status Report that you'll receive by email will also include other important information that has been left out or that is available to us through our professional resources, such as how long the property has been on the market, when it was last sold, what it sold for, and more. 

Remember: As top McKinney, Allen and Frisco area real estate agents, it's our job to know more about a property than any web site. Make sure you have the most current information! 



Real Estate Tips
Financing Your Home >When Interest Rates Rise

Many people fall out of the home buying market when interest rates start to go up. This is often a mistake. Many of the best mortgages deals become available when lenders are competing for new business and sellers are competing within a smaller buyer pool. You just have to know how to keep the costs down in order to counter the higher interest rates.

One of the best tricks is the buy-down. In a buy-down, a fee is paid at the closing to get a lower interest rate. In a soft market, an anxious seller may be lured into to paying all or part of the buy-down. Another approach is to get the seller to pay some of closing costs, thus lowering the amount of cash a buyer needs to close. Frequently the seller's costs can be used as a write-off by the buyer. Always consult with your tax advisor if you are considering such an arrangement.

If the market is softening due to rising or higher rates, the price itself becomes an area where a buyer may be able to save a lot of money on a house through skillful negotiating. Lower prices mean lower loan amounts, so don't be discouraged by higher rates--use them to your advantage.

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Real Estate Trivia
Q 
What Las Vegas hotel is famous for its casinos and is the largest hotel in the US.?

A 
With 5,012 rooms, the MGM Grand Casino is considered the largest hotel in the US.
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The Milstead Team, REALTOR®, real estate agent and broker for McKinney, Allen and Frisco, Texas home listings, property and land for sale - NUMBER1EXPERT(tm)

Holly Milstead
The Milstead Team

6951 Virginia Pkwy, Ste. 100
McKinney, TX 75071
214-544-7653
Fax: 972-562-9490
info@TheMilsteadTeam.com

Real Estate has been the ONLY career I have ever had and therefore, I have created a fantastic team of agents out of my love and caring for my clients. The team and I pride ourselves on never selling anyone anything we would not be proud to sell for them.

ABR CRS GRI Equal Housing REALTOR MLS


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