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Market Conditions in Dallas : Real Estate Advice

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  • Home Buying894
  • Home Selling97
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Activity 102
Fri May 20, 2016
Somebody answered:
This does not benefit much the homeowners:
1. The fact that the appraisal might not reflect the sales price can work both ways. And in relatively steady markets such as those outside the big cities (Houston, Austin, Dallas, San Antonio, ...(?) ), you are getting more chances for wrong guesses.
And if the appraisal is too high, - not having access to the sales records to see the "comps" (comparable sales), makes your job much more difficult to research that information and to protest to the ARB.
2. Note that despite the information not being public, if you file the protest for your appraisal to the ARB, 14 days prior to the ARB hearing they are OBLIGATED to provide you with the records of "comps".
That means the county does have access to the sales information (so much for privacy!), it is just you, the homeowner who doesn't. (It might be possible that the county appraiser office doesn't have a direct access to the most recent ones. But that can catch up very quickly.)
And, obviously, the State Comptroller's office also has information about all property sales including the prices.

3. Privacy of that information is a myth. Realtors have easy access to all sales information through a paid subscription service.
Thou who hast the money... have access to all the information. And the information is a power and costs money. Hence the incentive to preserve that "secrecy".
So, this "non-disclosure" benefits primarily the realtors, real estate "analysts", etc. It is a result of those guilds lobbying for the laws that guarantee their stream of income.
(And there are other rules governing real estate sales in TX that push up the closing costs, because those people need to make money.)
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0 votes 9 answers Share Flag
Mon Oct 5, 2015
Susie Kay answered:
The average price per sq foot is about $186. However, having said that, this does not mean that the property that you are selling or the property that you are trying to purchase is at this price point. Every home is different. I would suggest that you work with a local realtor to assist you in finding the market price of your property.

Susie Kay
Realtor
Seniors Real Estate Specialist
Certified Home Stager

United Real Estate Dallas
469-371-2899
www.dfwdreamhomes.net
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0 votes 2 answers Share Flag
Fri Apr 10, 2015
Bonnie Haden answered:
I'm going to answer this question because it is quite outdated. For tax purposes a Realtor can do a Comparative Market Analysis but this is given with a disclosure. USPAP disclosure is to inform the consumer that a real estate licensee cannot perform appraisal of real property. It is best to use a Licensed Appraiser for a true value of the real property. There are a few agents that do have a real estate license and a Appraiser license but I have only met one agent with both.

Also you must remember that a home that has been updated will have a higher value than one without any updates on a home that is 40-50 years old. Especially in the 75229 area. I hope this helps any person that is wanting to buy or sale a home in the future and dispute tax value with the city.
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0 votes 8 answers Share Flag
Sat Feb 28, 2015
Phillip Madison answered:
Wed Feb 18, 2015
Ereka Jones answered:
Please restate your question!

Thanks!
0 votes 4 answers Share Flag
Tue Jan 6, 2015
Keith W Hefner answered:
Are you looking for a townhome or condo near Richland College?
Keith@KeithHefner.net
0 votes 1 answer Share Flag
Mon Oct 27, 2014
Jeff Dean answered:
I own 1 Source Apartment Locators - we help people find apartments for free. Please contact me or go to http://www.1sourceapartments.com for more information.
0 votes 1 answer Share Flag
Tue Oct 14, 2014
Susie Kay answered:
That depends on the loan that you are obtaining. You can obtain FHA loan for 3.5% down or if you choose to purchase a home in a certain area approved for USDA loan then you put 0 down.


Have you found a lender who can help you? If not, give me a call at 469-371-2899 and I can connect you with one or two lenders.

Susie Kay
Realtor & Certified Stager
United Real Estate
469-371-2899
www.dfwdreamhomes.net
... more
0 votes 10 answers Share Flag
Fri Oct 3, 2014
Susie Kay answered:
Hello,

I agree with Kenneth below, I would suggest checking via yahoo or google map.

Susie Kay
Realtor & Certified Stager
United Real Estate
469-371-2899
www.dfwdreamhomes.net
0 votes 2 answers Share Flag
Wed Sep 3, 2014
amy answered:
Not sure what you are looking for but I am not a real estate agent so I can actually answer your questions! The public schools in this area are NOT good. The elementary school Robert E Lee and Lakewood Elementary are good...Long is way below standard and the HS Woodrow Wilson is low standards as well. I grew up around here and since 1975, anyone who could afford it has sent their kids to private schools. So be cautious about the education here. Sorry to tell you that. But if you can afford private school or do not have kids to worry about, this is a great area! ... more
0 votes 5 answers Share Flag
Tue Aug 19, 2014
Scott Johnson answered:
This question is old but still relevant.

DON'T PANIC!!!

Trust your agent, find out what the average days on market really is for your neighborhood and let your agents marketing plan work for you.

When you hired your agent they should have given you an idea of what they were going to do to market your property. If they are doing what they said they were going to do, RELAX and wait for the buyer to come...It only takes one Buyer.

If you have any other questions, feel free to contact me at any of the links below,

Scott Johnson
FireBoss Realty
469-269-0911

http://www.FireBossRealty.com
http://www.NortheastDFWHomes.com - Property Search Site
http://www.FireBossRealtyAroundTown.com - Blog
http://www.northeastdfwhomes.com/cp/mobile-app/ - FREE Mobile App
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0 votes 20 answers Share Flag
Thu Aug 14, 2014
Amy Arey answered:
2009 was a much slower year than 2014 but should anyone have the same problem in "this" fast-paced sellers' market:

Three main things influence the sale of a home: 1) Price 2) Location 3) Aesthetic Quality. Price can always overcome the other two.

Does the home have professional photography? (This can make a huge difference in the way the home is portrayed to the general public). Is your agent sending you online activity and analytics reports so that you know where your online activity is coming from and what to focus on generating more of (so that you can convert those to "in-person" showings?).

Perhaps try a small price-decrease to show the public you're willing to negotiate coupled with an open house.

-Amy S. Arey, Realtor
Halo Group Realty, LLC
214.901.1341-Cell
www.aarey.HaloAgent.com
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0 votes 7 answers Share Flag
Wed Aug 13, 2014
Michael Brownstead answered:
A great place to research is: http://www.greatschools.org/
0 votes 4 answers Share Flag
Mon Aug 11, 2014
Keith W Hefner answered:
Well, 75206 and 75204 were previously slow markets. The drop in home sales this year is due to the total lack of inventory, There are fewer homes for sale, fewer are sold.
If you need any help let me know
Keith Hefner
... more
0 votes 2 answers Share Flag
Thu Aug 7, 2014
Phillip Madison answered:
Google Maps is a great tool for calculating mileage.
1 vote 2 answers Share Flag
Fri Aug 1, 2014
jbstanford asked:
Add I'm moving to Columbia in a few months. I was curious as to why the sudden drop in home sales for 2014 and why are there so many properties for sale in zip 75206 and 75204?
Thank…
0 votes 0 Answers Share Flag
Sat Jun 28, 2014
Kenneth "Kenny" Bebensee answered:
Pick any 1 Realtor to help you or call the apartment complex for details.

www.tcrdallas.com
0 votes 2 answers Share Flag
Thu Apr 24, 2014
Kenneth "Kenny" Bebensee answered:
This may not be a real listing. Pick any 1 Realtor and work with them only on getting real and available listings with the criteria you are wanting.
www.tcrdallas.com
0 votes 2 answers Share Flag
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