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Dallas, TX Real Estate News

By Donna Harris, Realtor,Mediator,Ombudsman,Property Tax Arbitrator
(Donna Homes, powered by JPAR - TexasRealEstateMediationServices.com)
Please keep an eye out for your new Property Tax valuations in the mail.  They'll be going out the week of May 5.  It's very important to look at this document and make sure there are no problems.  I am currently working with some home owners who just found out that they've been assessed with a pool, and they don't have a pool.  They've been in the house for 30 years, and who knows when the pool was added to the documents, but even if it's $10k high because of this error, that's a lot over 30 years.Dallas County will only mail out new assessments if your value changed.  If you don't get it, there is nothing wrong with calling the county's office and making sure you weren't supposed to get one.  Everyone in Collin county will get one even if the value hasn't changed.You will have until J...
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By Monica Grosz
(Coldwell Banker Residential)
I've just subscribed to a new service that provides real-time market info for the Dallas/Ft Worth, and entire North Texas real estate market!  It's called the Powerpage, and clients can go to the homepage on my website, www.monicagrosz.com, click on the Powerpage tab on the left-hand margin, and select a market area to find the latest Dallas area home listings, properties under contract, price changes, etc. This is particulary helpful for buyer clients looking in one of the really popular Dallas neighborhoods.  In some Dallas market areas, we're seeing well-priced properties in good condition going under contract very quickly, and even receiving multiple offers. The Powerpage offers my clients the ability to view a property the minute it goes into the MLS!  The Powerpage updates every h...
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By BILL CHERRY, Broker & Wealth Coach
(Bill Cherry, Realtor)
I'd like to visit with you today, whether you are a home buyer or seller, or you are a licensed real estate professional.Attorneys have for years taken the position that their service to their clients is as the client's advocate.  The attorney's job is to prepare and substantiate as best he can, your argument that your position is the correct one; that your adversary's is the incorrect one.  And he presents your argument to the court within the rules of evidence.And that is exactly how attorneys justify taking the cases of clients whose positions they know in their hearts are incorrect.  It's how they justify defending a murderer or the child beater when they know he's guilty.  They are the bad guy's advocate, not his partner.Real estate professionals are advocates, too.  Our job is to ...
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By Donna Harris, Realtor,Mediator,Ombudsman,Property Tax Arbitrator
(Donna Homes, powered by JPAR - TexasRealEstateMediationServices.com)
WOW!  Can you say B-U-S-Y??  I feel so sorry for other parts of the country right now, but in the past 4 weeks, I have contracted 9 properties!!  Yes, 9!!  Seven of them were in March, and I contracted two today. It's only April 1, and I already have 2 contracts.  Granted, I don't count my chickens before they hatch, especially since one buyers' financing already fell through on one of the properties (going through Banco Popular in case anyone is familiar with them), but their agent is going to get one of her investors to buy the house and seller finance for these buyers.What does this mean for the Dallas market area?  We're going STRONG!  The housing market news is regional, so will you please stop listening to the national news.  I feel like I preech this every week.  Dallas did not h...
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By Donna Harris, Realtor,Mediator,Ombudsman,Property Tax Arbitrator
(Donna Homes, powered by JPAR - TexasRealEstateMediationServices.com)
Look around your house. Now, take another look and count how many times your eyes move to all the photos of your family sitting on the shelves and hanging on the walls. Did you notice your college degree? I've had buyers not buy houses because they were Longhorns and they saw the Aggie diplomas on the walls, and vice verse. Sounds silly, but it's very true!I showed a house this weekend that had stuffed animals EVERYWHERE!  We couldn't get a good feel for the room sizes, and it was quickly crossed off he list.  I emailed the listing agent for feedback, and she thanked me over and over.  She said she has asked them to pack things up, but the kids started crying when she did, so she decided to leave everything out.  She's hoping enough feedback from other agents will convince her to pack.Y...
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By BILL CHERRY, Broker & Wealth Coach
(Bill Cherry, Realtor)
Most of us consider Dallas and the surrounding area as a significant part of the Texas Bible Belt.  And when we're talking about the Bible Belt we primarily consider it composed of the churches of Baptist, Pentecostal, Bible and non-denominational.But even with that in mind, there are twenty-four Episcopal churches in the city of Dallas, and quite a number in the outlining areas like Plano and McKinney.  In fact, one of the top three Episcopal churches in the United States when it comes to membership is in Dallas.  It's Saint Michael and All Angels.  We're all members of the Diocese of Dallas, led by The Right Reverend James M. Stanton.<< The Rt. Rev. James M. StantonWhen Patty and I first moved to Dallas, we began our search for the Episcopal church and congregation that was closest in...
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By Donna Harris, Realtor,Mediator,Ombudsman,Property Tax Arbitrator
(Donna Homes, powered by JPAR - TexasRealEstateMediationServices.com)
I showed a house yesterday... Well, I showed 11 houses yesterday, but this one was interesting.  It's hard to describe the words.  Here was the picture from the MLS.  There were no additional pictures either, just this one.  It actually peeked my buyers' attention thinking, it's such a beautiful sunset, it must represent how beautiful the house is, right?  WRONG!They drove by the neighborhood and since many of the other properties they were interested in were in the same community, they went ahead and added it to our list of homes to view yesterday.  They liked the outside appearance as it was on a pie-shaped lot which made for a swing-entry garage instead of a plain, front-entry.My first clue that it wasn't going to be great was that it's been on the market for 506 days!  Yes, OVER a y...
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By BILL CHERRY, Broker & Wealth Coach
(Bill Cherry, Realtor)
Carl Sewell owns a bunch of car dealerships here in Dallas and some elsewhere, too.  And the cars his salesmen sell at his car stores are the luxury lines - Cadillac, Lexus, Infiniti, Hummer, etc.  You know the ones.And year after year his dealerships set records, and often times they do it when their competition - dealers who are selling the very same brands - struggle to meet their expenses. Let's make this even more complex:  Mr. Sewell's sales people tell their prospects up front that if they are looking for the cheapest price, they should go to one of the Sewell competitors.  What's going on here?  Well, by way of explanation through a supposed example we'll quickly reduce it to the absurd.Let's put two Lincoln dealers next to each other, and let's give them identical inventories o...
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By Brenda Mancil, Texas Five Star Realtor
(RE/MAX Premier Properties)
Through the first four months of 2008, more than 17,000 D-FW area homes have been posted for foreclosure. Dallas Fort Worth Home foreclosures up 19% in 2008 according to Dallas Morning News Report. (Full Article)The number of Dallas-Fort Worth area homes faced with foreclosure rose 19 percent for April compared with a year earlier due to subprime mortgage difficulties and the fact that homeowners in new home neighborhoods took on too much debt. More than 4,100 D-FW homes are on next month's foreclosure list. Also Online Map: 2007 Dallas-Fort Worth foreclosures by ZIP code California Foreclosure Homes
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By Brenda Mancil, Texas Five Star Realtor
(RE/MAX Premier Properties)
The Dallas Real Estate market is presently doing well despite the numerous foreclosures that are on the market. Price Distribution for homes sold in DallasDallas Residential Housing Sales & PricesDallas, TX Market Snapshot for February 2008 CityJanuary #SalesJan-2008Average Sales PriceFebruary #SalesFeb-2008Average Sales PriceDallas600$234,440639$413,140Fort Worth398$138,231470$148,135Arlington212$130,404242$134,609Plano159$240,234196$230,573McKinney124$232,815146$217,910Frisco87$266,50563$317,224Allen72$240,442104$227,402Keller44$333,38870$274,731Mesquite83$101,335107$93,777Irving98$167,63996$188,460Grand Prairie35$141,19543$168,812Garland132$108,943147$105,261Desoto59$130,50460$137,505  
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By Nancy Fulton
(Keller Williams Elite)
Well who says there is a housing slump? Agents working with SMU students and parents like myself are working hard to secure housing for the students. SMU has phased out much of its older more affordable apartments. So students and their parents are frantically trying to secure a place for next year. SMU guarantees housing for freshman but there is not much availalble for the older students. The surronding city of University Park has a small rental market that range from the original 1928 buildings without much improvement to new, expensive luxury units. But the current supply is very limited. The new occupancy and parking ordinances enacted by the City of University Park have made and already tight rental market even tighter. SMU students and their families especially need an experience...
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By Scott Dovala, Santa Rosa Mortgage and Home Loans
(Ascent Home Loans)
 As a National Mortgage Banker, Ascent Home Loans has provided innovative lending solutions for over 10 years. With our state of the art technology, I can give you quick loan decisions when you need to refinance, or fast pre-approvals that will give you that edge when negotiating for a new home. At Ascent Home Loans of Santa Rosa CA, I want to help you make the right choices when it comes to selecting the correct mortgage for you and your family. How do I do this?  I listen to my clients. With the right questions being asked, a client can provide a wealth of information on their future home loan and investment needs. I unlike other lenders, help you choose the right loan program that best fits your needs, not ours. Now, I can be like other every other mortgage company and tell you we ha...
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By BILL CHERRY, Broker & Wealth Coach
(Bill Cherry, Realtor)
BY BILL CHERRY, REALTOR DallasSelling Texas for 43 Years214 503-8563One of the unchangeable rules of real estate is this:  Real estate is normally a poor short term investment, whether it is a home, a hotel or a commercial tract of land near the entrance to a major subdivision.So in reality, buying real estate for the short term, whether planned or dictated by a life changing event, is enormously speculative.  If for no other reason, to make a profit or even to break even, in addition to the net value at the time he purchased it, the prospective seller will have to recover:The closing costs of the person who sold the property to himThe closing costs he incurred when he bought the property from the sellerThe closing costs he will incur when he sells the property to the next personSo in r...
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By BILL CHERRY, Broker & Wealth Coach
(Bill Cherry, Realtor)
By Dallas Realtor, Bill CherryOur 44th Year Selling Texashttp://www.billcherrybroker.com214 503-8563 My daddy, W.W. Cherry, was a thinker.  And interestingly, once he had reasoned something out, he was comfortable with his conclusion, and he was no longer afraid of the unknown.  That method was one he followed and taught to all who would listen.  Most of us never seem to be able to teach our minds to not automatically race toward a negative, albeit, fatal conclusion when we are unable to assure ourselves what answer the passage of time will provide. That one frailty makes us miserable when we don't have to be.Claire called me last week.  Charlie passed away last year, and for the first time she's been left to make most decisions by herself.  And she's very scared.  Fortunately if she pi...
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By Francis LeDuc
(LeDucs Real Estate)
Let Us Help You - That's What We Do Best! The LeDucs is a family owned and operated company that truly cares about its customers wants and needs. We know the Dallas real estate market and its surrounding cities like our own backyard. With the LeDucs you are not only getting the service of an agent, you are getting a team. Referrals are a very important part of our success. If you know someone who might need help with the purchase and/or sale of a house, please pass along our contact information so we can provide them our services. Please be sure and look for our 2007 year-end subdivision analysis being sent this week and on a quarterly basis throughout the year. Our website is www.leducsrealestate.com
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By Francis LeDuc
(LeDucs Real Estate)
 Let Us Help You - That's What We Do Best! The LeDucs is a family owned and operated company that truly cares about its customers wants and needs. We know the Dallas real estate market and its surrounding cities like our own backyard. With the LeDucs you are not only getting the service of an agent, you are getting a team. Referrals are a very important part of our success. If you know someone who might need help with the purchase and/or sale of a house, please pass along our contact information so we can provide them our services. Please be sure and look for our 2007 year-end subdivision analysis being sent this week and on a quarterly basis throughout the year. Our website is www.leducsrealestate.com
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By Francis LeDuc
(LeDucs Real Estate)
The 2007 year-end statistics for the Moss Creek subdivision were:                                                                    Moss CreekHome Sales:                                                  5                    Median Price:                                            $417,180            Average $/Sq. Ft.                                      $111.25         Average # days on market:                           239  Look for the 1st quarter 2008 statistics coming next month.  If you would like a free market evaluation of your home, please give me a call.   Francis LeDuc  214-926-8060  http://www.leducsrealestate.com/   flleduc@sbcglobal.net  This information was taken from the MLS and is deemed reliable but not guaranteed.  Posted by Francis LeDuc on 03/16/2008 01:01 PM  Comme...
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By Francis LeDuc
(LeDucs Real Estate)
The 2007 year-end statistics for the Briar Ridge subdivision were:                                                                    Briar RidgeHome Sales:                                                  9                    Median Price:                                            $510,711            Average $/Sq. Ft.                                      $125.39           Average # days on market:                           101  Look for the 1st quarter 2008 statistics coming next month.  If you would like a free market evaluation of your home, please give me a call.   Francis LeDuc  214-926-8060  http://www.leducsrealestate.com/   flleduc@sbcglobal.net    This information was taken from the MLS and is deemed reliable but not guaranteed.
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By Francis LeDuc
(LeDucs Real Estate)
The 2007 year-end statistics for the Bent Trail subdivision were:                                    Bnt Trl #1   Bnt Trl #2   Bnt Trl #3    Bnt Trl #4      Bnt Trl Vlge Home Sales:        8              14               10                9                   2Median Price:  $324,375    $326,443     $263,702      $226,400      $247,500 Average $/SF:  $104.91      $111.49       $96.42          $97.54         $108.13 Average # days    on market:      111            73                85              117                 8  Look for the 1st quarter 2008 statistics coming next month.  If you would like a free market evaluation of your home, please give me a call.   Francis LeDuc  214-926-8060  www.leducsrealestate.com flleduc@sbcglobal.net This information was taken from the MLS and is deemed ...
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By Francis LeDuc
(LeDucs Real Estate)
Let Us Help You - That's What We Do Best! The LeDucs is a family owned and operated company that truly cares about its customers wants and needs. We know the Dallas real estate market and its surrounding cities like our own backyard. With the LeDucs you are not only getting the service of an agent, you are getting a team. Referrals are a very important part of our success. If you know someone who might need help with the purchase and/or sale of a house, please pass along our contact information so we can provide them our services. Please be sure and look for our 2007 year-end subdivision analysis being sent this week and on a quarterly basis throughout the year. Our website is www.leducsrealestate.com
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