One recent evening I got a call from a woman. She didn't identify herself, but her question was where she could go to find out what houses were going to be foreclosed. I asked her if she thought hers was going to be one of them.
<<--BILL CHERRY REALTORS, WORLD HEADQUARTERS
"No, sir," she said, "I want to go buy a couple of them, fix them up and sell them." She went on to tell me that she had seen a program on TV about how easy it is to do that and get rich, and had bought the fellow's books and DVDs.
I asked her if she had read the material and listened to and watched the DVDs. "Sure have," she said.
I said, "After all of that instruction you didn't learn how the foreclosure process works and where to find out what will be auctioned and when?"
"No, sir."
"And did the instructor tell you that you would have to have cash or some other form of purchase funds acceptable to the trustee? And did the instructor tell you that you had to deliver those funds if and when you won the auction?"
"No, sir."
"So do you have, say $100,000 in your savings account that you can use to cement the purchase if you win the auction?
"No, sir."
So at that point I asked her to give me a few minutes to explain how the process works. Of course when I finished, she knew she had invested in a get rich course that was totally useless to her.
I want to know why these hucksters are allowed to make these claims? One of them who sells a real estate investment course has been dead for at least ten years, yet there he is on TV advertising his course...even promising that the purchasers get to personally ask him questions by telephone.
This is yet another lobbying project the National Association of Realtors could work toward getting stopped. It would be one more way they could work toward rebuilding the dwindling reputation of Realtors.
Copyright 2008 - William S. Cherry
9936 WINDLAKE CIRCLE
DALLAS, TEXAS 75238
214 503-8563
HIGHLAND PARK RESIDENTIAL SALES REPORT
August 1, 2007 through January 31, 2008
| SLD - 66 Properties Found | ||||||||
Square Feet | Bedrooms | Full Baths | Half Baths | List Price | Sale Price | Price per Square Foot | Days on Market | |
| Min | 0 | 0 | 0 | 0 | $489,000 | $487,000 | $0 | 0 |
| Avg | 4127 | 3 | 3 | 0 | $1,927,932 | $1,883,092 | $456 | 82 |
| Max | 9019 | 6 | 7 | 3 | $6,995,000 | $6,995,000 | $945 | 431 |
The information for the above report was supplied by the Metrotex Association of Realtors' Multiple Listing Service. We assume accuracy, but make no warranties.
9936 Windlake Dallas, Texas 75238 214 503-8563 AUGUST 1, 2007 THROUGH JANUARY 31, 2008 ACTUAL SALES REPORTED TO MLS LAKE HIGHLANDS ZIP CODE
| ||||||||
| Square Feet | Bedrooms | Full Baths | Half Baths | List Price | Sale Price | Price per Square Foot | Days on Market |
Min | 1100 | 2 | 1 | 0 | $112,000 | $78,000 | $59 | 1 |
Avg | 2015 | 3 | 2 | 0 | $216,811 | $210,803 | $104 | 53 |
Max | 4702 | 7 | 4 | 2 | $499,000 | $499,000 | $170 | 259 |
Sales that were not handled by a member firm of the Metroplex Association of Realtors Multiple Listing Service are not included in these statistics. While I believe this report to be accurate, it was nevertheless prepared from that source which I did not audit or otherwise verify.
Many of those who ran the big braggadocios ads about their Dallas real estate sales expertise are evaporating into thin air.
In reality, their real estate prowess was nothing more than an aberration. Honest to goodness, it was just an aberration.
Would you believe that some of them have scores of Park Cities listings that have gone unsold for months and months? How'd you like to be the owner who's stuck with a 2 million buck mansion that your agent with the big new Lexus and hair-do from Osgood O'Neil can't sell?
Have you tried to get her off of the Blackberry long enough to discuss it with you? Don't answer that one. It'll just depress me more.
WHAT TO DO....
OK, here it is. It's now time to go back to using Old Faithfuls when you need a Realtor.
Hands down, we're the most HANDS ON Realtor serving Dallas' Park Cities, Lakewood and Lake Highlands. We specialize in listing the homes. Our Comparative Market Analyses, although they don't come to you in a fancy folder like hers do, are both free and reliable. We stand behind them. And we can defend our conclusions to you, the buyer and his agent, your bank, and the buyer's lender and the appraiser. We give you good stuff.
You can meet me in person at all of the Dallas area free dinner seminars of the famed KAAM-AM Money Doctor, W. Neil Gallagher, Ph.D. For reservations, http://www.docgallagher.com or by telephone at 1-800-434-4DOC. Doc has me there to help people with real estate problems and questions.
Meanwhile, call or email for our CD titled A Realtor's Secret Weapon. It's free, there's no obligation, and I'm holding a copy for you.
Bill Cherry, Realtors
214 503-8563
Our 43rd Year
For as long as I've been in business, many of my clients have never gone to a title company office to close their half of the transaction. I handle the closing for the title company in my private office, in the client's home, and frequently at their own office desk.
Frankly there are very few of us who do this. Licensing requirements have not focused on abstract and title issues in many years. In some states, they never have. Things were different in Texas in the '60s.
Back when I was first studying real estate in the University of North Texas Business School in the early 1960s, the university's requirements were voluminous and stringent. After all, those of us in the classes were getting college credit for them.
On top of that, if the school certified to the state that the student had completed the course study with the overall grade of B or higher, he could sit for the state's broker's exam, bypassing the salesman's exam and apprenticeship requirements altogether.
Part of that course study involved learning the abstract process, working with land surveys and real estate legal and loan documents. One of my mentors, an old-school Galveston broker, taught me the rudiments of closing.
I've been doing closings ever since.
I enjoy being able to offer full and competent services to my clients, and I bend over backwards to make sure when I'm representing them, it's smooth, easy, and most of the time, fun.
If that extra service is important to you, call me. Knowledge is definitely king in this business. Oddly in recent years, states have licensed so many who have so little.
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RETAIN THE FAMOUSLY GENTEEL BROKERAGE SERVICES OF BILL CHERRY, REALTORS***214 503-8563***THERE'S NEVER BEEN A TEXAS HOME WE COULDN'T SELL. Visit www.billcherrybroker.com
CLICK HERE FOR BILL CHERRY ON THE WEB
CLICK HERE FOR OUR LISTING WEB PAGE
CLICK HERE TO READ BILL'S WIKIPEDIA BIOGRAPHY
CLICK HERE FOR BILL ON FACEBOOK
What We'll Do For You Is Entirely Different....
Many of the real estate firms in Dallas, especially those with national franchise affiliations as well as the large local firms, work from business models that require that they attract huge volumes of listings, often at any cost. They reason that that way enough sales will come to fruition for them to make a respectable profit.
In contrast to our business model, theirs simply cannot be a focused passion to do their very best to successfully sell each listing. Instead, by design theirs must be a "some will sell, some won't sell" mentality. Put another way, it's, "Throw them all against the wall, and hope enough of them will stick to cause us to make a profit and to keep us in business."
This current somewhat depressed, over-built, over-listed "buyer's market" is hardly the place for that mentality.
So while many of their listings expire without a sale, ours are usually under contract within 45 days!
Our Very Different Approach....
Our firm has a totally different approach. When I developed it many years ago, I decided we'd refer to it as the "Boutique Firm Model." Here's how it works for you.
First and foremost, we make certain that we are retained only by a few sellers and a few potential buyers at one time. That's very important. Then we analyze and develop a comprehensive plan for each of them, specially tailored and individualized. Third, we totally focus our attention on bringing our efforts for each client to an early, successful conclusion.
And that's what we'll do for you. In addition....
We'll stay in close touch with you all along the way. In fact, you'll be pleasantly surprised. You'll hear from us all of the time.
So Now You Have a Choice....
You can either be the big fish in a small pond by picking us to represent you, or the minnow in a huge ocean by picking someone with the large local or franchise firm.
Which do you think is best for you? In your heart you know the answer....
It's with us, isn't it?
It's where you'll be that very big fish. And we will sincerely honor and treasure that relationship. Our clients frequently tell us it's the very reason they have been with us since we opened our first real estate office a long time ago, and so many of their children and friends have joined with them as clients as well. What an honor.
Call us. 214 503-8563 (We answer our own telephone.)
CLICK HERE FOR OUR LISTINGS
For more information, please visit our nice web site: Bill Cherry, Realtors' Web Site . Read Bill's social commentary on Town Hall. Read Bill's monthly Texas history column at Texas Escapes Magazine. Bill posts and comments on senior living at Eons. Linkedin. Bill's Realtown Blog Bill's Piano Web Site
We represent all people, regardless of sex, religious creed or national origin. We always have and we always will. Period.
Copyright 2009- William S. Cherry
All Rights Reserved
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We have lived in six houses in the last eighteen years. I've worked with a TON of Realtors. You are the first who came in and had a workable plan on the spot. You shoot straight and I like that. - K. Bowen.
...the great Realtor Bill Cherry was Cynthia's and my exclusive historical real estate consultant for twenty years. - George P. Mitchell, oil company chairman and president; developer of The Woodlands, Texas. Letter to Ebby Halliday.
What makes Bill good are the quick witted business skills that he uses for negotiating on behalf of his clients. - Joseph N. Murphy, investor
There is no doubt our client, Andy W., would have sustained a major financial loss had we not brought you in as our consultant. Allen E. Susman. Rosenfeld, Meyer & Susman, Beverly Hills.
I am delighted that you and your wife have moved to Dallas.... - Raymond D. Nasher, developer, NorthPark
Bill brought integrity back to real estate brokerage. - Frank Musick, president, Stewart Title Co.
Bill's a real estate whiz kid. - Maxine Messinger, columnist, Houston Chronicle
I've followed Bill's career since he left UNT. He's amazing! - Leon Breeden, professor of jazz emeritus, University of North Texas
You're the most creative broker Bob and I have ever had represent us. - Vivian (Mrs. R.E. (Bob)) Smith, wife of the legendary oil wildcatter
Bill, a published author, radio and tv personality, businessman and musician, was Kathryn's mentor at the beginning, helping secure her first professional gig in 1966 at the Lookout Room in Galveston's exotic Flagship Hotel on the Pier.
Bill is a man of many talents, with a vitae in music (among other things) that found him playing some of the most famous 5-star dining rooms thoughout the USA. He now lives in Dallas, and performs his piano wizardry only on a part-time basis, but his influence is still very much felt nationwide. Famed Lite Jazz Singer Kathryn Taubert's Web Site 2007.
Bill is listed in the famous Marquis Who's Who in America; Who's Who in the World; and in Who's Who in Finance and Business, and beginning in 2009, Marquis Who's Who in the World.
Bill has been listed in Who's Who in U.S. Real Estate for more than thirty years.
Bill is a Premier Member of the Texas Radio Hall of Fame, 2005.
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