Dallas, TX

Dallas Home Sales in February - Market Trend

03-11-12

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Office: (972) 849-1300

Dallas

Dallas, TX has long provided a stable real estate environment. We here in the Dallas area knew that we were not part of the glutted or over priced markets that the media proclaimed were nation wide. The information reflected below shows a market that home buyers and investors can have confidence in.

Dallas Home Sales in February show a continuing market trend of increases in homes sold. The largest increase in sales is found in those homes that were priced between $185,000 and $345,000:

Dallas February Homes sales

We see the pattern in annual sales:

Dallas Home Sales Annual Feb 2012

Here are just a few of the fine homes available in and around the Dallas area:

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Death By Chocolate

03-11-12

Lisa Von Domek - Broker/Associate

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Office: (972) 849-1300

What's a "Hot Ticket" in Dallas?

Murder Mystery Dinner Theater: Death By Chocolate

at the House of Blues located at 2200 N. Lamar Street in Dallas.

MyFox Dallas/Fort Worth offers this and many recreational things to do in and around the Dallas area - and with our rainy weather today, indoor entertainment may be just the ticket.

Posted times for this event are this evening at 6:00pm and again on Wednesday, March 28th at 6:00pm.

To visit the House of Blues website, click here. What, you might be asking, is the House Of Blues?

House of Blues Dallas opened in 2007 in the historic White Swan Building at the crossroads of Dallas' West End and the newly established Victory Park development. The building dates back to the 1920's when it housed a White Swan Coffee processing plant. Home to unique pieces of art such as Alan Sainte James Boudrot's "A Dream Come True" and S. Guion's painting of Robert Johnson, this unique and history–rich building continues to celebrate and showcase art and music. In keeping with tradition, the House of Blues Dallas displays the "Crazy Quilt" and keeps a metal box of mud from the Delta Mississippi underneath its stage.

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Hot, Warm or Cold?

03-10-12

Lisa Von Domek - Broker/Associate

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Office: (972) 849-1300

Hot, Normal, and Cold Markets

Hot Market

This is an extremely competitive market and is advantageous to the seller. Sometimes, homes will sell as soon as they are listed or even before homes are listed. Typically, during a hot market, multiple offers will be made on each home and more often than not, homes will sell for more than the asking price. It is even more crucial to be prepared and to be ready as a buyer when the market is hot. It can be easy to get caught up in the bid for a home, but if you are prepared (pre-approved, solid in price range, realistic about your needs), it is easier to remain focused on your housing needs and price range.

Normal Market

In a normal market, there is a fairly large number of homes available and an average number of buyers. This market does not necessarily favor the buyer or the seller. A seller may not have as many offers on their home, but he or she may not be desperate to sell either. Again, it is the buyer’s responsibility to be prepared. During a normal market, the chances to negotiate are higher than in a hot market. As a buyer, you can expect to make offers at lower than the asking price and negotiate a price at least somewhat less than what the sellers are asking.

Cold Market

In a cold market, houses may be listed for more than a year and the prices of houses listed may drop considerably. This market is advantageous to the buyer. As a buyer, you have the time to make an offer that works to your best interest. It is not uncommon to low-ball and to find that sellers are accommodating to meet your needs. Keep in mind that even though this market is a great time for buyers, you do not want to lose your dream home by being unrealistic. Your goal is to get your dream home at the best possible price.

The Dallas area is a "Hot" market - let me show you why!

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How to Buy a New Home

03-09-12

BILL CHERRY

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Office: (214) 503-8563

One of the American Dreams that seems to attract many is being able to have a home designed for you by an architect and built especially for you by a well-known home builder.

<<==Fine example of well-planned new home.

Or the other option. To find a home builder who builds a few homes each year in already developed and mostly built out subdivisions, and buy one of his.

The main buyer rational is that your home won't be from a cookie cutter.

Over the years I’ve roamed through many such homes, throughout the stages of their building, and then after they’re completed.

The numbers of mistakes and overlooked errors in design I find are often mind boggling.

Some years ago, I was with a company that was little league track home builder.

Our homes were designed and built for the affluent; for the top 15% or so of the Houston wage earners.

We would have, say, eight different models designed by a well-known architect, then build one of each as our models in our subdivision's model park.

What was interesting was that when we began furnishing the models, we would find one error after another; not always serious, but for sure always stupid.

With furniture in a home, almost everyone who is seriously looking can see mistakes. But when you're buying, it's before your furniture is inside so that you can evaluate the end results.

So we made an executive decision. We would not put any product on the market until we had furnished it, found the errors, then remodeled the home to get rid of them.

From that point forward, our plans became “as built” and not original. And we sold many and with fine results.

The advantage of buying a home from a tract builder or from a builder who has built the same plan many times, is that they have discovered the bugs along the way, so that the chances of them recurring in a recently built home or one under construction is minimal.

I recently saw a home under construction where the builder had taken a stock plan and modified it to fit the lot and while they were at it, to increase the number of bedrooms and baths.

The result was placement of furniture in the master bedroom will block more than 50% of every bedroom window, a staircase to the second floor is entirely too steep and has no landing, and where about 30% of the second floor is walled off and unusable.

Forcing a floor plan to fit inside of a predetermined exterior design is almost always doomed. It is in this case.

Buying a new home has less chance of failure if it is bought from a tract builder who has built and sold that model many times, or from a small builder who can show you that specific plan built out, and is willing to introduce you to the homeowners.

BILL CHERRY, REAL ESTATE BROKER

Dallas - Park Cities
Since 1964

214 503-8563

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24 year old First Time Home Buyer, Tiffany Bourgeois in Dallas Texas just pays off her car....it feels good she says!

03-08-12

Heather Anderson Janus RE Group - Collin County TX - Allen, Frisco, Plano

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Office: (972) 765-3773

Mobile: (214) 317-1964

My As-sister (Assistant +Sister), Tiffany Bourgeois, just paid off her car note this morning at Texans Credit Union just in time to move on to her next big purchase....her first home. At the young age of 24, a girl can only be on the right track for success and living a low debt life with her new hubby, Billy Bourgeois. We captured the moment this morning as she wrote that final check: Tiffany Bourgeois

She will be sending those Benjamin Franklins into Wells Fargo for the next 15 years or less to pay for her new house now. But instead building equity toward an appreciating asset and building a base for her future wealth. Cheers to your future in the land of Homeowner ship Tiffany and Billy Bourgeois!

For more properties Like Tiffany and Billy's and for Allen Starter Homes click HERE

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