Getting a VA Loan shouldn’t be complicated if you work with a dedicated VA loan Specialist from SAM. Learn How Now!!!
Join Stephen Cooley from the Stephen Cooley Real Estate Group with Keller Williams and Julie Storm as they discuss the preliminary approval of the York County Housing Freeze, as well as tips for 1st Time Home Buyers. Tune in to channel CN2Xtra 103 or 1103 on Saturday mornings to view the full show with a showcase of our available listings. The show also airs throughout the week.
Is the Housing Market in North Dallas Hot or What? Check out Prestwyck in McKinney!
Posted on September 29, 2015 by Your Connection to the North Dallas Real Estate Market
As Real Estate agents in the North Dallas area we are asked daily, “How’s the market?” This morning I woke up to an incredible news story on NBCDFW. In McKinney, Texas, about 30 miles north of Dallas, approximately a dozen families camped out over night to be the first families to purchase lots where they hope to build their future homes in a community named Prestwyck. This is truthfully an unknown phenomena in North Dallas. The developer expects the lots to sell out in 24 hours.
We moved to Texas, January 1, 2006. We can not remember a time where the housing market was this hot. We left the crazy Southern California housing market at the end of 2005 in search of a better education for our kids (at the time ages 3 and 7), more affordable housing, more integrated communities and a well-educated workforce.
2015 totals show North Texas real estate market is near an all-time high
Recession? What recession?
As 2015 winds down, real estate activity in North Texas is near an all-time high.
Looking at the latest statistics, there’s almost no sign that the Great Recession ever happened.
You couldn’t say that five years ago when the market was coming out of the economic crash.
While Dallas-Fort Worth fared much better than most U.S. urban markets, the housing crash and financial sector shakedown were certainly felt in these parts.
That’s easy to forget in these halcyon days of Toyota, soaring job gains and rocketing real estate values.
Remember back in 2009, when local home foreclosures were jumping and commercial property projects were getting put on hold? Those days are long past.
The 2015 snapshot of D-FW’s real estate market takes things to a new level.
evelopers who are redoing downtown Dallas’ landmark Statler Hotel have spent time in China courting investors.
“I’ve already made three trips to China,” said Frank Zaccanelli, a partner with Centurion American Development Group. “They are very interested in what’s going on in Dallas.”
Centurion American, which also has suburban home and commercial projects in the works in North Texas, isn’t the only local real estate firm with an appetite for Chinese investment.
Chinese money has funded recent downtown Dallas tower sales.
Cleaning your home can occasionally seem like a full-time job. When you finally complete the last room, it seems like it’s time to begin again. If you want to end this stressful cycle, it is essential to have an organized strategy.
Begin with a system. The most efficient system seems to be one that breaks down all the cleaning tasks over a period of a week. With this system, you can appoint various jobs to different days and spend less time cleaning your house and more time unwinding in it.
To use this system, you have to break down your cleaning jobs into three classifications, light cleaning, everyday cleaning and deep cleaning.
Light cleaning jobs include dusting, Windexing the windows , sweeping, vacuuming and laundry. These jobs can be done just once each week and completed on various days of the week. Always arrange the dusting initially so that any dirt that is knocked to the floor will be swept up later.
Daily cleaning tasks are the tasks that have to be frequently done when you are cleaning your house. These tasks include cleaning up; doing the dishes and wiping down counters and other exceptionally made use of surface areas. By spending at least fifteen minutes daily tackling these tasks, you will certainly keep them from piling up.
Deep cleaning tasks such as cleaning the restroom, mopping and wiping down the walls and devices. Many people like to arrange these tasks for the weekend when they have more time to commit to cleaning. This is time well spent and can give you a clean house throughout the week.
After your system remains in place, utilize the list to appoint chores to all of the members of the family. If each person takes on simply one or two tasks then cleaning your whole home can take no time at all.
Camera gear doesn’t guarantee good listing photos. Planning does.
There is this urban legend that if a real estate agent buys the right camera, all they have to do is point it at something and press a button, and the end result will be a professional-quality photograph.
I almost always want a better camera, a shiny new lens and maybe a nicer lightweight tripod. It’s easy to spend an entire commission check for selling a small condo — and more — on basic photography equipment.
If you are going to list your home for sale you will need to do everything to make sure your home is presented to potential buyers in the best way possible. Buyers will see you home photos online before making the choice to see it in person. Tech nology is a great thing but buying the TECH TOOLS is not a simple fix: you have to know how to use them.
If you Real Estate Agent takes pictures and you don’t like them ask for new photos to be taken or ask for them to hire a professional photographer in you area.
Hover over the line graph to see the distribution for each one of the types of home buyers. If you are interested in a particular type of home buyer, please tap on it (see list on the top right corner of the dashboard).
See Original Article and very detailed graphs.
The article is a stab at “inexperienced” agents.
A complaint I often hear since the housing downturn is how difficult some REO brokers are to deal with. They are unresponsive, unhelpful, uncommunicative and difficult to transact business with.
I’ll be the first to agree that some REO agents do suck, but I’d like to shed some light on another serious problem in the “real estate owned” and distressed property world. If this issue were properly addressed, it would would dramatically cut down on the headaches and overall angst that go with brokering REOs, short sales, HUD and other distressed properties.
I am a Realtor in Anderson Indiana running into banks that are requesting the properties be listed on the so called “auction sites” that suck. Hubzu in my opinion is one of the sites. It gives the consumer the idea that they are an typical auction site. Normally the bank pay the listing agent a basic fee to list it in the MLS/BLC and do nothing more than put a sign in the yard.
Hubzu then charges the buyer a “technology fee” and sometimes the buyer is responsible to pay the buyers agent fee. The tech fee is paid to Hubzu for processing. Hopefully there are no problems during the transaction because the listing agent can do and knows nothing. They don’t even take listing picture. That is the responsibility of the preservation company.
I make sure to inform all my clients of the pitfalls in dealing with REO properties and especially the ones listed through the crappy auction sites. I just finished a purchase with Hubzu that took 60 days for a cash transaction that should have only taken 14 days. Buyer was ready to close but Hubzu took their sweet time.
Since the original article was written I am glad that a rep. from Hubzu has contacted me for feedback. We have spoken many times and the result was a gift certificate for the buyer to help mend the relationship for the mishap during the transaction.
I am happy to hear that the company is taking the effort to improve the process for Realtors and Buyers.
The Federal Aviation Administration has invited the National Association of Realtors to participate in a working group that will provide input on forthcoming regulations of “unmanned aerial systems,” or drones.
NAR says it will use the opportunity to “educate FAA officials on how Realtors are interested in utilizing this technology safely and responsibly.”
Drone image via Shutterstock.
The FAA’s position is that even as it works on the new regulations, it already has the authority to take enforcement actions against real estate agents and others using drones for profit. While the FAA has issued numerous cease-and-desist letters to alleged commercial drone operators, its ability to collect fines against them should it pursue enforcement actions against them remains unclear.
Lawyers with Realogy subsidiary NRT LLC aren’t taking any chances, warning agents who work out of more than 200 offices in the northeastern U.S. not to commission drone photography from vendors until the FAA issues “clearly defined rules” governing the commercial operation of drones. Until that happens, thelawyers said in a July memo, NRT won’t even process or distribute images captured by drones in the affected regions.
NAR says it supports regulations “that would allow members to use this technology safely but that are not overly cumbersome or expensive.”
The trade group expects the FAA to propose regulations in November that would “establish a timeframe” for implementing rules for commercially operated drone flights.