North Texas Market Sizzles this Summer


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While it’s been warm (well, actually quite hot) in North Texas, summer “officially” begins tomorrow. With sales prices up and not a large number of homes for sale, this summer offers homeowners ideal conditions to sell a home in Dallas-Fort Worth. Competition among buyers is heated and multiple offers are common.

 

Just how hot is the North Texas housing market? Consider this:

 

* The average days a home is on the market is only 47 days.

 

*  The median sales price is up 3.4%.

 

*  The number of homes sold is up 2.7%.

 

If you’re considering listing your home, this summer offers a great opportunity. To get started, discover just the right agent for your residential real estate needs at the award-winning, mobile-friendly ebby.com.

7 Thanksgiving-Ready Island Kitchens


As Thanksgiving prep begins, you may be dreaming of a kitchen that can do it all. Whether you’re an expert chef or only cook on Turkey Day, these seven island kitchens currently on the market are the perfect place to prepare your next meal.

 

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2221 King Fisher Drive | Westlake | $3,250,000

 

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2321 Silver Table Drive | Lewisville | $2,199,000

 

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6634 Aberdeen AvenuePreston Hollow | $2,100,000

 

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5209 Limestone Court | Richardson | $1,180,000

 

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7736 Goforth CircleLake Highlands | $1,049,000

 

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218 Wimberly Street | Fort Worth | $425,000

 

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702 Wildgrove Drive | Garland | $329,000

 

To see more homes for sale, visit the award-winning, mobile-friendly Ebby.com.

Summer Market Sizzles in North Texas


Summer Market Sizzles in North Texas

 

While it’s been warm (well, actually quite hot) for a while in North Texas, summer “officially” started this past week. With sales prices up and not a large number of homes for sale, this summer offers homeowners ideal conditions to sell a home in Dallas-Fort Worth. Competition among buyers is heated and multiple offers are common.

 

Just how hot is the North Texas housing market? Consider this:

 

* The average days a home is on the market is only 39 days.

 

*  The median sales price is up 4.3%.

 

If you’re considering listing your home, this summer offers a great opportunity. To get started, discover just the right agent for your residential real estate needs at the award-winning, mobile-friendly ebby.com.

9 Thanksgiving-Ready Island Kitchens


As Thanksgiving prep begins, you might be dreaming of a kitchen that can do it all. Regardless of whether you’re an expert chef or only cook on turkey day, these nine island kitchens currently on the market are the perfect place to prepare your next meal.
 
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1601 Carlyle Court | Westlake | $2,895,000
6331 northwood
6331 Northwood Road | Dallas – Preston Hollow | $1,895,0006655 green knoll wiw6655 Green Knoll Drive | North Dallas | $1,495,000
K_6142 shady oaks
6142 Shady Oaks Drive | Frisco | $1,324,9007723 midbury kitchen7723 Midbury Drive | Dallas | $1,295,0005609 glenbrook5609 Glenbrook Circle | Plano | $995,0004150 fallbrook4150 Fallbrook Drive | Frisco | $799,9001227 woodlawn1227 Woodlawn Avenue | Dallas – Kessler Park | $725,000
JL 8615 thorbrush
8615 Thorbrush Place | Dallas | $549,900
 
To see more homes currently for sale, visit the award-winning, mobile-friendly Ebby.com.

Top Tips for North Texas Home Buyers and Sellers


 

Homes selling above asking price, numerous offers for the same property, hip-pocket listings shared only by word of mouth – it’s no secret that the North Texas housing market is booming.

 

To help you navigate these unprecedented home-buying and selling waters, we polled Ebby Halliday Associates and collected their top tips for today’s buyers and sellers.

 

Buyer’s Tips
*  Be qualified. Pre-plan financing by meeting with a mortgage lender ahead of time and receive a pre-approval letter that may be submitted when you make a written offer. “Less paperwork and more personal attention” is more than a saying at Home Team Mortgage Company, Ebby Halliday’s affiliated mortgage source. Contact Home Team Mortgage Company for a frustration-free experience from loan application to decision.

 

*  Act quickly. In a hot market, acting slowly or sleeping on it may cost you the opportunity to buy the home of your dreams. If you’ve found a home you’d be thrilled with, don’t wait to submit an offer – other buyers will likely be doing the same.

 

*  Offer a compelling price. Sellers often price their homes based on historical sold data or appraisals, and in a strong market where prices are rising rapidly, homes may sell for the listing price or higher. Study the sold comps, but also compare the house you want to other homes on the market, and ask yourself, “What price am I willing to pay, and at what price am I willing to lose this house?”

 

 

Seller’s Tips
*  Market to everyone near and far. You have the best chance of selling your home for the highest price by exposing it to the largest number of potential buyers. When you list your home with Ebby Halliday, it will enjoy worldwide exposure on ebby.com, the gold standard in residential real estate websites. Ebby.com receives approximately 21,000 visits per day, far outpacing the competition.

 

*  Respond and keep momentum. There is an old adage that time kills deals. A buyer’s interest is at a peak level at the time he or she submits an offer, so keep the momentum going, choose the best offer, and respond promptly in writing.

 

*  Don’t be greedy. If a buyer offers an acceptable price and terms, sign the offer and your Ebby Halliday Associate will schedule a closing appointment and expertly guide you through the home-inspection and closing process.

 

Have a buying or selling question not addressed in this post? Contact one of Ebby Halliday’s North Texas offices and we’ll be happy to help in any way we can.

 

 

Dallas No. 2 Nationwide in Home Price Gains


Dallas Second Only to Denver in Home Price Gains

 

The Dallas-area had the nation’s second-largest jump in home prices in June, according to a new report by CoreLogic. Dallas home prices rose 9.3 percent compared with June 2015 prices.

 

Only Denver – with a 10.2 percent year-over-year price gain – had a bigger increase among major U.S. cities. Nationwide, prices rose 5.7 percent from a year earlier.

 

“Mortgage rates dipped in June to their lowest level in more than three years, supporting home purchases,” said Dr. Frank Nothaft, chief economist for CoreLogic. “Local markets with strong economic growth have generally had stronger home-price growth.”

 

CoreLogic forecasts that nationwide home prices will grow by 5.3 percent during the next three months.

 

North Texas home prices have risen by more than 40 percent in the last five years, according to Steve Brown, real estate editor at The Dallas Morning News. And home prices in the area are about 50 percent ahead of where they were at the peak of the last housing boom in 2007.

 

In June, the median price of single-family homes sold by North Texas real estate agents hit an all-time high of $237,500.

 

To determine the value of your home in today’s competitive North Texas real estate market, contact an Ebby Halliday Realtors Associate today. To get started, visit the award-winning ebby.com.

 

Dallas Second Only to Denver in Home Price Gains

 

Dallas-Fort Worth Home Sales Soar


Dallas-Fort Worth Home Sales Soar

 

North Texas home sales were up 15 percent in April as housing activity rose to the highest level since last summer, according to Steve Brown over at The Dallas Morning News. Real estate agents sold 9,178 preowned single-family homes through the Multiple Listing service last month.

 

Almost 30,000 homes have changed hands during the first four months of 2016, a 14 percent increase over the same period last year.

 

And prices of North Texas homes continue to reach new levels. In April, the median price of a single-family home sold by real estate agents in Dallas-Fort Worth was a record $220,000. That’s up 7 percent from a year earlier.

 

May is already on track to be another big month for home sales. More than 10,000 homes are under contract for purchase – 17 percent more than a year ago.

 

 

Dallas-area Home Prices Up Almost 10 Percent


 

Dallas-area Home Prices Up Almost 10 Percent

 

Dallas-area home prices were up by more than 9.5 percent in the latest housing report from CoreLogic. The only major market in the report with a bigger gain was Denver, where home prices were up 10.9 percent year-over-year.

 

“Home prices reached the bottom five years ago, and since then have appreciated almost 40 percent,” Anand Nallathambi, president and CEO of CoreLogic, said in the report. “The highest appreciation was in the West, where prices continue to increase at double-digit rates.”

 

North Texas home prices are at record levels. Dallas-Fort Worth topped other major Texas cities for both first-quarter annual price increases and sales, according to a new report by the Texas Association of Realtors.

 

To determine the market value of your North Texas home, contact an Ebby Halliday sales associate today. To get started, visit the award-winning ebby.com.

 

Spotlight On The North Texas Luxury Market


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The Dallas-Fort Worth luxury housing market is experiencing substantial growth and is fueling home sales across North Texas. Just how significant is the luxury home sales growth in our region?

 

In the past year, 15.8% more homes priced at $750,000 and above have been purchased than during the prior 12 months, according to Grand Vie: Luxury in Living magazine’s Spotlight On the Luxury Market feature. Breaking it down further: Luxury home sales are up 17.3% in Dallas County, 16.9% in Tarrant County, and 13.9% in Collin County.

 

In addition to featuring some of Dallas-Fort Worth’s premier luxury properties, the 19th edition of Grand Vie offers a plethora of interesting editorial content, including “Child’s Play,” featuring advice on designing the ideal bedroom for your child from partner and designer of IBB Design Fine Furnishings Shay Geyer; “Houses of Art,” highlighting some of the area’s top cultural events of the season; special sections for farm & ranch and lake properties; and LuxeTrends, showcasing a collection of the latest luxury lifestyle must-haves. Also in the spring issue: Real estate insider Candy Evans’ take on the importance of global marketing in the luxury-home market segment.

 

Luxury is a lifestyle, and Grand Vie celebrates the way we live, love, learn, eat, host, play and work. Pamper yourself at grandviemagazine.com.

7 Etiquette Rules Every Home Seller Should Know


 

7 Etiquette Rules Every Home Seller Should Know

 

If you’re trying to sell your home, you’ve probably scrutinized it, staged it, and scrubbed it down as if the folks from Architectural Digest were stopping by for a cover shoot. OK, so it’s in immaculate shape — but your home isn’t the only thing under scrutiny here. You are, too. That’s right: No matter how nice your home is, your behavior can also affect how buyers feel about making an offer.

 

Below are seven etiquette rules sellers should follow to show their home —and themselves — in the best possible light.

 

Leave — Sure, you’re dying to know if prospective buyers will love what you’ve done with the kitchen, but Realtors agree that sellers should not be there lurking in the shadows during an open house or showing.

 

Take your pets with you — You may think Zoey is the cutest dog ever, but not everyone is likely to share that opinion. In addition to having allergies, some home shoppers may not be in the market for a run-in with an animal they don’t know.

 

Move your car — Make it easy for visitors to park and view your home. No one likes parking issues. Having them is a sure way to get a viewing off to a bad start.

 

Offer some refreshments — House hunters can get tired and parched. You can help. Putting out a few small bottled waters in a bowl of ice is always appreciated, along with some light, easy grab-and-go sort of refreshments like mints or cookies.

 

Be patient waiting for feedback­ — Of course, you’re dying to know what buyers thought of your home, but that information may not flow back to you instantaneously. It’s reasonable to ask for feedback from your Realtor after the showing, but understand it may take a day or two for the buyer’s agent to respond.

 

Don’t be greedy — Who doesn’t want top dollar for their home? But an unwillingness to negotiate can kill a possible deal and keep your home on the market long after you were hoping to be unpacking at your new place.

 

Listen to the professionals ­­— If your Realtor has some suggestions for improvements that may help sell your home faster, take them to heart but don’t take them personally. Keep emotions out and listen to what a licensed, trained, professional has to say about your house.

 

To find the right agent for your residential real estate needs, visit the website voted one of the industry’s best by the Web Marketing Association, ebby.com.