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Are you ready?

An article on Realtor.com really interested me today! We all know the famous Pennsylvania groundhog, Punxsutawney Phil, did not see his shadow, right?  If his prediction was correct and we do indeed have a warm February, this is recipe for a early spring housing market.  Buyers and sellers need to prepare for this! According to Realtor.com, past data indicates that if February temperatures are above average, then home sales could show a 60% growth compared to 2015. Are you ready?

Let me help you! Contact me today so I can walk you through the entire process of buying and/or selling a home. I am your “new reason to trust real estate.”

-Dawn Redmond

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5th Best Place To Live In DFW Also Has Magnificent Gardens!

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D Magazine voted the city of Murphy the 2014 5th best place to live in Dallas-Ft. Worth for its neighborhoods, schools and quality of life. I want to add another category: Gardens!

Look at Murphy in bloom! These gorgeous stargazers lilies are from the Leflett family garden who live in  Maxwell Creeks. These lilies are so vibrant and beautiful.  Did you know that the pink stargazer represents wealth and prosperity and are a sign of aspiration? More pink stargazers for me! Thanks to the Leflett family for sharing.

There is plenty to be seen in Maxwell Creek. Not only are the flowers radiant, but the veggies are growing strong, too. My next stop was a few doors down where I had a great visit with my Maxwell Creek neighbor and fellow gardener, Kara, and her family. She has a growing vegetable garden which features tomatoes, onions, bell peppers, a variety of hot peppers, cucumbers, squash, garlic and, my favorite from her garden, the beautiful purple hull pea.

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Kara turned a problem area in her backyard into the perfect spot for one of her two gardens. She cleaned the area and placed a nice garden box in the location. This might be an idea for those you who are trying to decide where to build your garden. Look for an unexpected location with lots of sunlight for your beds.

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As Kara showed me her garden, we were lucky to see a busy bee pollinating blooms. Ahhh, the plant life cycle continues…

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…and I will continue to feature magnificent Murphy gardens.  If you would like your garden to be represented, please email me at http://www.dawnredmond@ebby.com

Stay tuned for next week’s gardens.

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Collin County Inventory, Sales Prices Up in October

collin oct 2013

The numbers show that listings and sales prices are increasing, while pending sales remain steady and days on market decrease based on comparing numbers from October numbers from 2012 and 2013.

What does this mean for sellers? List now. Buyers are looking for homes to buy and they will make decisions quickly. Buyers should see more choices, but can expect to pay more as our market stabilizes from this summer’s hot market.

Taxes: How Much Money will Uncle Sam get from you in 2013?

I get  confused when it comes income taxes. So, when someone makes it easy for me to understand tax changes, he or she becomes a friend for life.

Bill Smothermon of Brosowske Mares Smothermon & Co. sent out a great tax newsletter that helped clarify the new tax guidelines. I thought I would share with you a table that breaks down some key changes that will impact your tax returns next year so that you can start planning now.

If you have questions about the guidelines or need help with your tax planning, don’t call me…call Bill at 972-392-2727. Tell him Dawn Redmond sent you!
Key 2013 Tax Information

Item 2013 2012 Change
Maximum income tax rate 39.6% 35.0% +4.5%
Maximum Medicare tax rate 2.35% 1.45% +0.9%
Social Security employee rate 6.2% 4.2% +2.0%
Max Dividend/Capital Gain rate 20% 15% +5.0%
Personal Exemption $3,900 $3,800 +$100
Standard Deductions
Single $6,100 $5,950 +$150
Joint or Qualifying Widow 12,200 11,900 +$300
Head of Household 8,950 8,700 +$250
Married Filing Separate 6,100 5,950 +$150
Elderly/Blind: Married Add $1,200 Add $1,150 +$50
Elderly/Blind: Unmarried Add $1,500 Add $1,450 +$50
Key Credits
Child Tax Credit $1,000 $1,000
Adoption Credit $12,970 $12,650 +$320
Lifetime Learning Credit $2,000 $2,000
American Opportunity Credit $2,500 $2,500
Savers Credit $1,000 $1,000
Retirement Plan Contributions
Traditional IRA $5,500 $5,000 +$500
(age 50+ catchup) Add $1,000 Add $1,000
Roth IRA $5,500 $5,000 +$500
(age 50+ catchup) Add $1,000 Add $1,000
401(k), 403(b), 457 & SARSEP 17,500 17,000 +$500
(age 50+ catchup) Add $5,500 Add $5,500
SIMPLE IRA $12,000 $11,500 +$500
(age 50+ catchup) Add $2,500 Add $2,500
Mileage Rates
Business 56.5¢/mile 55.5¢/mile +1¢
Medical/Moving 24.0¢/mile 23.0¢/mile +1¢
Charitable 14.0¢/mile 14.0¢/mile
Section 179 $500,000 $500,000
Property limit $2 million $2 million
Other Information
Tuition and Fees Deduction $2,000 $2,000
Medical Itemized Deduction AGI Threshold
(7.5% in 2013 for 65 and older) 10.0% 7.5% +2.5%

The Rundown Article Archive: Short-Order Stars, Eat, drink and raise money for future top chefs

Did you know that Wylie High School has an outstanding culinary arts program and has a student run restaurant on campus? Programs like are facing budget cuts in the DFW area.

Here is a fun way you can support culinary arts programs like the one at Wylie High School.

The Rundown Article Archive: Short-Order Stars, Eat, drink and raise money for future top chefs.

Murphy ranked among the best small towns by Money Magazine

Murphy homeowners are smart shoppers! The city was ranked #27 on  Money Magazine’s 2011 list of the 100 best small towns to live in the US . The towns were selected based on “great job opportunities, top-notch schools, safe streets, economic strength, nice weather, plenty to do, and more” according to the magazine article. Readers have the opportunity to vote for their favorite small town by “fanning” the city’s Facebook page.

My family initially elected to live in Murphy because of the green space,  decent schools, moderate home prices and cultural diversity. The city has grown since in the six years we have been here and now offers many desirable amenities such as a variety of restaurants and nearby shopping. I still call it DFW’s best kept secret.

Other Texas small towns listed include The Colony (#68), Cibolo (#77), Wells Branch (#92) and Keller (#93).

Here is a link to the story: http://money.cnn.com/magazines/moneymag/bplive/2011/index.html

2011 Maxwell Creek Easter Egg Hunt

One of the strongest attributes of Maxwell Creek is that it is a family-friendly community with plenty of kids. The Easter Egg Hunt is always a big hit for residents and a great way to kick off the Easter weekend.

Dawninthehood was on the scene to capture this year’s hunt on April 23rd. The Egg Hunt committee, headed by Maxwell Creek neighbor Shelly Johnson, put on quite a “hoppin” event which included 2500 eggs and a special visit from the Easter Bunny.

See it here:

Maxwell Creek for sale, under contract, sold! – updated 3/16/2011

Maxwell Creek housing inventory at a glance

New to the market

Seven homes are new to the market since my February 21st update; one has already gone under contract!

400 Parkside is back on the market after being taken off the market back in October 2010. With its new list price of $244,900, a $40,000 drop from its original $289,900 in June of 2010, this home has positioned itself to sell.

522 Creekside is back on the market after being under contract. This “for sale by owner” property has the longest days on market of 232 days. The list price is still $250,000.

233 Crepe Myrtle is back on the market at a new sales price of $275,000. This home has nice swimming pool and shows relatively well. I suspect the new lower sales price will interest buyers who want a pool.

506 Royal Oak Drive ($290,000), 439 Teagarden CT ($306,900)and 637 Sundown Way ($329,500) are new to the market at bat-your-eye prices.

Under contract

528 Chalk Hill is technically new to market since my last update, however this listing went under contract in 16 days. Way to go my fellow Ebby agent! This home is great of example of price, location and condition helping a home to sell in the least amount of time.

634 Waters Edge Way is still pending

Sold!

705 Twin Valley sold for $179,900

809 Morningside Trail sold for $257,500

521 Wildwood Drive sold for $270,900

510 Wildwood Drive sold for $347,303

 For a market analysis of the Maxwell Creek Community, click  For Sale3.16.11

(This information is my professional opinion and not that of my Broker Ebby Halliday Realtors, Inc. and is not meant to solicit houses under contract by other brokers)

For Sale, Under Contract, Sold! – February 21, 2011

Have you noticed that Ebby signs are popping up like Spring flowers in the neighborhood? We have 20 percent of the listings in Maxwell Creek. If you know any of our neighbors who plan to list their home, let me know. I will be happy to place an Ebby sign in their yard.

Under Contract

Congratulations to our neighbor at 522 Creekside.  After 199 days, their home is under contract. These sellers are “for sale by owner” and this the second time this home has been on the market.

Sold!

400 Crepe Myrtle’s sale finalized at a price of $230,000 for 2787 square feet.

Hopefully the neighborhood comps will get stronger now that the Spring selling season is here.

For a complete listing of Maxwell Creek’s listings, pendings and solds click For Sale 2.21.11

Maxwell Creek in Murphy For Sale, Under Contract, Sold! 2-1-2011

NEW TO THE MARKET

Four homes have been listed in the past week:

408 Post Oake Trl   4/3.1/3-car garage  3,454 sq. ft.    $259,900 (2002)

537 Maize Rd            4/3.1-3-car garage  3,378 sq. ft. $362,322 (new construction)

616 Chalk Hill Ln      4/4.1/3-car garage  3,795 sq. ft.  $366,978  (new construction)

602 Waters Edge Wy  5/4.1/3-car garage 3,814 sq.ft. $370,355 (new construction)

 

REDUCED

308 Post Oak reduced from $299,000 to $293,900

 

UNDER CONTRACT

Congratulations to the sellers of 809 Morningside Trail. This 5/3.1/2-car garge home listed for $265,000 went under contract in 17 days!

MAXWELL CREEK FULL MARKET ANALYSIS

Click CMA 2.1.11 for the full neighborhood listing detail