Dallas, Texas Metro - Realtors

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Recently I wanted to order an appraisal before making an offer on a property my client was interested in. However, the Appraisal Management Company (AMC) will not accept the appraisal without the contract and full knowledge of contract price and contributions. I don't even want to write the offer...

Statistical Home Sales data for Plano, TX can be viewed at the link below. Compare August 09' to August from previous years. We have also included the sales data for each month this year. The average price per foot rose from $90.65 per foot to $91.48 between January and August 09'. Positive movem...

The City of Plano Parks and Recreation dues increased SUBSTANTIALLY this year.  They tell us the city budgets are tight because property tax revenues are down.  In order to access the parks and city facilities that help make Plano such a wonderful place to live, they want double the "dues".  Tech...

Like anyone in business, I am never thrilled to tell a client to hold off a purchase. However, that is exactly what I did a few days ago. The couple may be able to make the move, but only by the skin of their chin, if at all. They don’t have much of anything saved and they would have to roll in c...

The National Association of Realtors (NAR) basically sums up the appraisal issues this real estate market is working through.  In my opinion, external influences seem to be muddying the waters right now.  When we eventually return to (or swing past) a true, fair "pure" market, I expect it to work...

My brother is a contractor. While we were talking shop one day recently, I explained how a new client had described his difficulty finding a satisfactory home within the price point and proximity to work he was searching. I wasn't able to go any further with the story before my brother stopped me...

Note to Self... Multiple lien short sale transactions have become increasingly difficult to close over the past few months. As a result, our company has stopped accepting new cases until conditions improve. The majority of our listing volume was tied up in 2 lien short sale properties when the f...

I watched a news report last night which stated that our Plano, TX school district is cutting programs.  With foreclosures and declining property values in the N. Dallas area, the reduced property tax income is clearly affecting the ability for our schools to continue providing the same services ...

I received this email from a Google Group that I subscribe to: A reporter with the New York Times is looking for people who received a loan modification but end up back in default because the new rate wasn't workable for them either. Maybe it was higher than the original; maybe it ballooned. Anyb...