Assessed Value vs. Market Value


Assessed Value vs. Market Value

 

Homeowners are often surprised – or even shocked – when they receive their annual statement from the local tax appraiser’s office. Often the assessed value of their home is very different than what they believe the property is worth.

 

Now’s a great time to take a look at the difference between two common real estate terms: “Assessed Value” and “Market Value.”

 

The Assessed Value is the dollar value assigned to a property by a public tax assessor for the purposes of measuring applicable taxes. The number is very often a point of contention with homeowners, who may believe it to be too high or too low. The Assessed Value does not offer a shortcut to a home’s Market Value.

 

The Market Value is the highest estimated price a property will bring in a reasonable amount of time if exposed for sale on the open market. Market Value is influenced by such factors as homes that recently sold in the area, the location of the property, the home’s amenities, and the condition of the property. Of course, Market Value is also influenced by the current economy.

 

Knowing the difference between Assessed Value and Market Value is great. But even better is knowing what your property is worth in today’s fast-paced North Texas housing market. To get started, contact an Ebby Associate today. To find just the right agent for your real estate needs, visit the award-winning ebby.com.

Tops Tips for North Texas Home Buyers, Sellers


Tops Tips for North Texas Home Buyers, Sellers

 

Homes selling above asking price, numerous offers for the same property – it’s no secret that the North Texas housing market is booming. To help you navigate these unprecedented waters, we polled our Associates and collected their top tips for buyers and sellers.

 

Buyer’s Tips

* Be qualified. Pre-plan financing with a mortgage lender 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, an Ebby Halliday-affiliated company. Contact Home Team Mortgage 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 currently 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, your home 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 our 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.

 

Whether you’re considering listing or buying a home in North Texas, visit the website voted one of the industry’s best by the Web Marketing Association, ebby.com. To download the Ebby Halliday Realtors App from the Apple App Store or Google Play Store, search for Ebby Halliday Realtors.

 

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.

 

Buying a Home Is Complicated


Buying a Home Is Complicated

 

Setting a budget, sticking to it; making an offer, financing a property once the offer is accepted; seemingly endless paperwork … let’s face it, buying a home is often a daunting process that can strip the anticipated fun and excitement away completely.

 

Fortunately, there’s an Ebby Halliday Realtor to guide you through the process. We’ve been helping people through the process for more than 70 years.

 

“It’s fun to look at all that’s changed since 1945, but what hasn’t changed is our sales associates and employees tirelessly building our brand on trust, coming through when clients need us most,” says Mary Frances Burleson, president & CEO. She adds that the goal for the company and its sales associates remains simple: to transform and elevate the home buying and selling process into the wonderful life-changing experience it can be.

 

“We hold homebuyers’ hands through it all, from start to finish, making it an easy, comfortable and enjoyable experience,” Burleson says. “We listen closely to their wants and needs, their worries and their fears. With more than 70 years of success in this business, we offer what no other North Texas real estate company can: a longtime culture of caring. That’s how Ebby built our company. She fostered an internal culture that attracts humble, hardworking people like herself who just plain do the hard work.”

 

To find just the right Realtor for your residential real estate needs, visit ebby.com.

 

How Do I Choose A Real Estate Agent?


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There’s something about warmer weather and sunnier days that really gets the real estate market buzzing. If you want to join in on the fun as a buyer or seller, now is a good time to start looking for a Realtor.

 

This process is different for everyone, but here are some things to keep in mind:

 

Experience – Look to agents who have put time into their career and the neighborhoods in which they work. This can mean different things, like trusting someone who has spent years in the business or someone who grew up in the area.

 

Personality and Interests: – Try to do some background work on a potential agent. Many have bio pages, LinkedIn accounts, social media pages, and online reviews. All of these can be helpful, but remember that not having one or the other doesn’t have a direct correlation to how “good” a Realtor is.

 

Career type: Is being a Realtor the person’s full-time career? If you’re on a time schedule, you’ll want to pick someone who’s in the industry full-time.

 

The numbers – If you’re a buyer, don’t choose an agent just because their commission is lower. If you’re a seller, don’t choose them just because they agree with you on how much your home should be listed for. We’ll say two things to justify these points – you get what you pay for, and, in real estate, there’s no telling how much your home will really and truly sell for at the end of the day.

 

Age – Don’t dismiss an agent based on their age, young or old. What makes an agent the right fit for you is not often their age, but their love of their profession, dedication to you, and the points listed above.

 

Need a good place to start looking? Check out our office locations and search all of our wonderful Realtors.

Top 5 Tips for House Hunters


Top 5 Tips for House Hunters

 

When shopping for a new home, it’s easy to get swept away by a property’s most charming characteristics — and to play down important things you may regret later. Define your priorities early on to streamline the house-hunting process.

 

Below are five tips to help you stay organized and focused:

 

Location matters.  Location is a key consideration when choosing a home, and there are multiple factors that can affect your decision. Just a few of these include schools, commute times to work, and local amenities such as nearby restaurants, shopping and attractions.

 

List your priorities. You’ll save hours of shopping for a home if you list what you need and want in a home ahead of time. Zero in on the features you must have, would like to have, would prefer not to have — and definitely don’t want.

 

Get pre-approved for a mortgage. How much you can pay for a home is a function of your income, creditworthiness, interest rates, the type of loan and how much cash you have for the down payment and closing costs. Rather than guessing, ask a mortgage banker to give you a full assessment and a pre-approval letter stating how much you’re qualified to borrow. A great place to start is at Home Team Mortgage, Ebby Halliday’s affiliated mortgage company.

 

Use a checklist. Touring multiple properties is a confusing experience for most buyers. Rather than trying to rely on your memory, make notes about the homes you visit. Turn your priorities into a personalized home-shopping checklist and use it to track features of each property.

 

Relax.  Buying a home is a major life-altering event, but it’s not worth getting too stressed out. As with all major occasions in life, it’s important to keep the experience in perspective.

 

Today’s homebuyers have access to a wealth of information, but may not have a way to tailor it to their needs. That’s where a real estate professional can save you a great deal of time and money. To find just the right agent for your real estate needs and to view properties for sale in North Texas, visit the award-winning ebby.com. For information on loan pre-approval, visit hometeammortgage.info.

 

 

Our People are the Difference


Our People are the Difference

Many things make Ebby Halliday Realtors unique in North Texas – a legacy of sincere service to the community for more than 70 years, the first MLS transaction, and more than $7.85 billion in real estate transactions in the past year – but what really makes the company special is its people.

 

“Ebby always said she was able to achieve what she was able to because she was blessed with a great team,” says President & CEO Mary Frances Burleson. “We care for each other and we care for our clients. This more than anything is what makes this company stand head and shoulders above everyone else in the industry.”

 

Ebby Halliday Realtors is a reflection of Ebby herself, an extraordinary leader who inspired thousands of people with her simple approach of “Do Something for Someone Every Day.” And, as the company has grown, it has attracted many like-minded individuals who have played major roles in enriching its reputation for empathetic, knowledgeable and hardworking sales associates and employees.

 

“We’re a company, a corporation, but we’re hardly faceless,” Burleson says. “We’re made up of real people, with big hearts and keen minds – people who care about serving other people. We are quick to listen and slow to speak. We are given to taking on our clients’ problems as if they’re our own. And we’re determined to always do right by them.”

 

Visit ebby.com to find the right agent for your real estate needs.

 

 

 

Buying or Selling a Home is Life-Changing


 

Buying or Selling a Home is Life-Changing

 

Ebby Halliday, the founder of Ebby Halliday Realtors and an icon in the real estate industry, famously said, “The Constitution of the United States guarantees your right to own the land under your feet, to sell, and to develop it. Whether you want to become an investor, a real estate agent, or a homeowner, real estate is the basis of the American dream.”

 

Ebby passed away in late 2015 at the age of 104 but that sentiment is still central to our core mission of transforming and elevating the home buying and selling process into the wonderful life-changing experience it can be.

 

Most of our clients don’t buy and sell homes very often. It’s relatively unknown territory to them. But it’s our native territory, since 1945. We know the landscape. There’s no trail we haven’t been down before. We are here to help you fully experience one of the biggest, most joyful events of your life.

 

We’re not going to sugarcoat it: Buying or selling a home can be complicated, sometimes very complicated. Fortunately an Ebby Halliday Realtor is here to guide you through the process.

 

It’s also true that in today’s hyper-competitive North Texas real estate market it’s more important than ever to choose the right agent for your needs. To get started, visit ebby.com.

 

 

Area Mayors Highlight Development


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Approximately 140 members of Ebby’s 190 @ Jupiter and Rockwall/Heath/Lake Ray Hubbard offices were recently treated to an informative presentation on upcoming projects in the cities of Rockwall, Heath, Garland and Rowlett during the Mayors’ Forum at Waterview Golf Club.

 

The forum featured Rowlett Mayor Todd Gottel, Garland Mayor Douglas Athas, Rockwall Mayor Jim Pruitt and Heath Mayor Lorne Liechty as they each spoke of the highlights of their respective cities and of major developments currently underway.

 

To learn about all that’s currently happening in Rowlett, Garland, Rockwall and Heath, click here to read the full story in the Blue Ribbon News.

 

PHOTO: Heath Mayor Lorne Liechty; Rockwall Mayor Jim Pruitt; Ebby Halliday Rockwall/Heath/Lake Ray Hubbard Sales Manager Sylvia Sotelo Kidd, 190 @ Jupiter Sales Manager Malinda Howell, Garland Mayor Douglas Athas and Rowlett Mayor Todd Gottel. Photo by Richard Retig.

 

 

Ebby’s Day of Play Celebrated


Mayors Proclamation USE

 

Balloons, sweet treats and lots of smiles were on the agenda as the Mayor of Rockwall, David Sweet, officially proclaimed September 10 as “Ebby’s Day of Play” in the city. The fun-filled afternoon marked the first celebration of the annual event at Miss Ebby’s Place, the special-needs portion of the KidsZone playground at Harry Myers Park which was funded by a contribution from Ebby Halliday.

 

“Ebby’s Day of Play Ebby is a reminder that smiling often, thriving on change, investing in a dream and making every day count are more than just words to live by,” says Sylvia Sotelo Kidd, sales manager of Ebby’s Rockwall/Heath/Lake Ray Hubbard Office. “Ebby Halliday has a long-standing belief in the three-legged stool of service: service to the client, service to the industry and service to the community, and this wonderful playground is part of that commitment.”

 

In keeping with that commitment to service, Sotelo-Kidd announced that Ebby’s Rockwall Office is lending its support to the Rockwall Kiwanis Club’s “Food for Kids” initiative, which seeks to ensure that no child go hungry in Rockwall County.

 

“Ebby herself was among the very first to donate to this worthy cause,” Sotelo Kidd notes. If you’d like to learn more about how you can be a part of the “Food for Kids” effort, contact Ms. Sotelo Kidd at sylvia@ebby.com.

 

Ebby Executive Vice President & Director of Sales Offices Betty Misko, Rockwall Sales Manager Sylvia Sotelo Kidd, President & CEO Mary Frances Burleson, Rockwall Mayor David Sweet, City Manager Rick Crowley, and Ebby CFO Ron Burgert.

Pat Turner of the Kiwanis Club and Angel League for Special Needs Children, Ebby CFO Ron Burgert, Mary Smith, assistant City manager and Rockwall Kiwanis treasurer, Gwen Monahan, secretary of Rockwall Kiwanis, Ebby Rockwall Associate Kathleen Morrow and Rockwall Sales Manager Sylvia Sotelo Kidd.