Dallas Real Estate Blog

         I'm the type of Dallas Real Estate Agent and Dallas REALTOR® that tries my best to do it all.  I give you amazing Real Estate Services when buying and selling your home, keep you updated on all your Market Real Estate News, and I blog!  Yes, I said blog!  I spend countless hours searching the internet, news, and social media outlets to find some of the best information for you.  I also like to talk about what is going on in the Local Dallas Real Estate Market.  When dealing with home buyers and home sellers there is always a lot of first hand experience to talk about.  Every day is something new. 

        As a Top Dallas REALTOR® it's my job to keep everyone informed on everything that is going on in Dallas Real Estate!  Read some of my real estate blogs and contact me about any of your real estate needs.  Also, email me about any topics you would like for me to blog about.  I hope you find some good information that helps you on your real estate journey.  At Coldwell Banker Residential Brokerage Residential we can do it all!

Dallas Is Booming With New Luxury Construction! Prices Are Surging To Record Highs!

        Real Estate in Dallas TX is chugging along full steam ahead.  It is almost the end of 2017 and prices are still rising.  Not only are prices, but new construction is rising as well.  Builders are constructing luxury homes left and right.  You can drive down any given street and see new homes being erected non-stop.  It is explosive.  One day an old run down home.  The next day is a luxury home waiting to be plucked up by the perfect home buyer.  Anyone in the real estate game fully understands the signifigance of all these new homes.  It means that values will continue to sky rocket as long as new construction is being built.  That means more money for the builder, the realtor, and the homeowner.  Buyers benefit as well when building equity in their home.  So it's a win win for everyone. 

        I have been in Dallas for 5 years now.  3 of those I have a Dallas Real Estate Agent.  There is nothing new about seeing a home being built...well other then the fact that it's new...  I mean any builder can choose to build a home, but over the last few years everyone is building luxury homes in what seems like your average neighborhood.  We like to call them "mini mansions or mcmansions".  For a while people would laugh, myself included, at these large homes squeezed into these normal sized residential lots.  We assumed it was someone wanting to feel like a "high roller".  Then after learning about the housing market I realized almost all the new homes being built are leaning towards that direction.  The average price per square foot for a luxury home is over $301.00.  The only way for a builder to maxamize his investment is to finish out the home with luxury finishes and to take advantage of how much home they can biuld.  Not to mention that the Dallas economy is still doing great.  So asking somone to pay almost a million dollars for a home is now the new normal. 

        The landscape of Dallas is changing.  I couldn't be happier to be closing more deals and getting new and exciting listings.  Dallas will be on the rise for many years to come.  What was once old is now new...or should we say new construction?  As long as builders keep pushing the limits then values will continue to rise.  Hopefully I can help sell some of those.  Call me for all your buying and selling needs. 

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Will The Dallas Housing Market And Dallas Realtors Benefit From Donald Trumps New Tax Plan?
By Alex
October 3, 2017

        Last week Donald Trump outlined his new tax plan.  He is planning on creating a "Middle Class Miracle" by drasticly reducing taxes to help stimulate the economy.  Everyone knows that higher wages, lower taxes, and creating more jobs is directly tied to the housing market.  The more money you make means owning a home and living the "American Dream" becomes a faster reality.  A home is the biggest asset that you will ever have.  So keeping more of your hard earned money means more buying power.  This all sounds too good to be true for local Real Estate Agents trying to close more deals.  The Dallas housing market could sky rocket even more then it already has.  

        The housing market in Dallas is still one of the best in the nation.  Jobs are moving here everyday.  Amazon is about to announce who it will pick to make home for their new headquarters.  Everyone in Dallas is crossing their fingers and toes.  So having lower taxes with a booming economy would put Dallas at the lead of the pack as one of the best places to live.  All of these things would drive home values up more.  New construction would be in even higher demand.  The DFW Metroplex would be forced to expand to some of the rural parts like Prosper and Celina which is north of Plano.  Real Estate Agents are very excited about everything that is happening lately with our growing city.  It takes a lot of different factors to grow the market.  Some Realtors just wait for the next client to come in, but an experienced Real Estate Agent knows better.

        Overall, we are still a ways away from finding out what next years taxes will look like.  There are many hopefull people looking at this as a huge stimulus for the Dallas housing market.  For now all I can do is follow the economy, housing market, and see how the "Big D" prospers even more in the months to come.  Call me for all your buying and selling needs.

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How To Be The Best Real Estate Agent In Dallas? Solo Agent vs. Real Estate Team? What Is Trending?

        Everyone wants to be the Best Real Estate Agent in Dallas.  It takes a lot of hard work and is a constant battle.  There are great real estate companies all over Dallas.  They are employing Realtors to help them get home sales, new buyer clients, and to relocate families to our city.  Not all Realtors are successful fresh out the gate.  There are a lot of different ways to be a success.  You have to build your brand.  Some agents decide to work solo.  While others want to be a part of a real estate team.  They are both very different entities that work under their real estate brokerage company like Coldwell Banker or Allie Beth Allman. 

        No one knows the secret formula for being a Top Dallas Realtor.  If they did then they would be one lucky fellow.  There has been a lot of buzz from Top Realtors and Mentors stating that joining a real estate team is the new trend.  Solo agents have a harder struggle trying to secure new clients on their own.  Supposedly, a team is a way to put top producing agents together and employ newer agents under them to work leads and take on their overflow of clients.  There is a formula that most real estate teams will follow.  You take an established agent that is the face of the team.  They spend a mojority of the time marketing and securing listings...since all Dallas Real Estate Agents have been taught that "listings are king".  Then they have buyers agents that work under them, help secure leads, and work with buyers only.  Normally, the team leader will work out a 50/50 split with their teammates.  This has proven very successful.  There are other ways of doing a team set up.  Some of them will put together seasoned agents, have them work side by side, and work the clients together.  A very symbiotic relationship.  Regardless, either method is about working together to bring in more business.  It is suppose to bring in more volume this way. 

        Being a solo agent can be very hard.  You have to formulate a business plan and stick to it.  The only way to produce high volume is to market non stop.  You are doing everything on your own.  So everything you do is going to require a lot more effort.  You can still be very successful on your own, but you have to know how to manage your personal business as a Real Estate Agent.  A lot of agents quit in the first  year of business.  You can work in a team setting or solo.  Both of them are different.  None of them are wrong tho.  it is all about what works better for you.  The only way to know is to try.  I personally like working on my own.  I have to constantly be competitive to secure more new clients.  Maybe one day I will build my own team.  Call me for all your buying and selling needs. 

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Are Zillow.com and Realtor.com Helping Or Hurting The Dallas Real Estate Industry?

        Zillow.com and Realtor.com are two of the biggest names in real estate for home buyers looking for a home to call their own.  However, they are not actual Real Estate Agents or Real Estate Brokerages.  Instead they feed into the local MLS and provide listings to consumers.  About 90% of all home searches begin online.  So is this helping or hurting Dallas Realtors?

        This month I officially celebrate being a Dallas TX Real Estate Agent for 3 years.  I have seen a lot and have learned so much about the real estate industry.  Everyday I am trying to grow my business.  Helping buyers and sellers find a home is my top priority.  It is a never ending story.  It is my job to help advise and guide consumers to the best home for them.  New clients don't just fall in my lap.  It takes a lot of hard work.  No day is ever the same.  So you would think that it would be nice to have companies like Zillow.com and Realtor.com to help comsumers...well you thought wrong.  These are two of the largest real estate websites on the internet right now and are also two of the most frustrating things about my daily job as a real estate agent.  Other Dallas Realtors agree with me.  It is like a non-stop struggle trying to compete with them.  They sell leads to other Dallas Realtors.  Allowing them the "shark" your listings.  This is very annoying.  Also, they do not always pull correct information or photos from my MLS.  So our  listings on their websites do not always show up accurately.  Recently, I added an open hosue to my MLS in hopes that it would show up on Zillow and Realtor.com.  I even posted it a full week in advance.  The day of the open house I went to double check and see if it was on Zillow...well it wasn't there.  So only a few people showed up to my open house.  Needless to say I was very upset.  What is the point in being one of the largest real estate websites designed for consumers if you don't operate correctly?  Not to mention that Zillow offers Zestimates...which is not accurate.  It pulls from tax records.  It is one of the worse things that was ever created.  Only a Realtor can accurately price a home.  

        Trying to promote a listing is the most important thing to me when a homeowner hires me to list their home.  I have to make sure all cyliders are firing properly to do the best job possibly.  I can't afford to let anything fall through the cracks.  The smallest thing can make the difference between an executed contract and having one of my listings sit on the market unsold.  So in my opinion Zillow.com and Realtor.com are too much of a risk for real estate agents.  Yes, they do help promote my listing.  I am thankful for that, but they try to help too much.  They give out too much information that skews the minds of potential home buyers.  It does more harm than good.  What happend to the good ole days where a home buyers calls their local real estate agent and local real estate brokerage to find a home?  Or what happened to looking in the newspaper for a home for sale?!  Given we are in the 21st century so the internet is ever growing...I would die without my iphone.  These sites just need to start helping the realtor more instead of only the consumer.  They should stream line their services.  Allowing the buyer to see limited information.  Forcing them to call the realtor for more information.  This would lead to accurate information and potential clients.  Sure these sites allow the real estate agent to create an account and edit certain things about your listing, but why should we have to do extra work when it is suppose to be right the first time?  It boggles my mind.  Currently there is a lawsuit against Zillow for their Zestimates.  So will we see the day when they start to change how they do business?  Your guess is as good as mine.  We shall see.  Call me for all your buying and selling needs.     

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Dallas Relocation Could Boom With Possible New Amazon Headquarters Moving To The DFW Metroplex!

        Jobs are moving to Dallas at lightning speed!  Not just your every day relocation, but huge companies are ready to make the Lone Star State home to thousands of families.  Toyota just built its headquarters in Plano, The Dallas Cowboys have completed their training stadium, Pei Wei announced it will be moving its headquarters to Irving, and now Amazon is keeping an eye on the DFW Metroplex for a second headquarters!

         Everyone knows Amazon is a beast of a company.  It is based out of Seattle and is worth over $475 billion.  Yes, that is billion with a "B".  It employs over 341 thousand workers.  Wow!  That's a lot of jobs and we all love jobs, because jobs equal money.  Who doesn't like money?!  The new headquarters which will be dubbed HQ2 will house over 50,000 new employees!  That would be amazing for any city welcoming Amazon.  They do have their sights set on a few different cities.  Of course Dallas would be at the top of my list.  Dallas has been a huge attraction to national headquarters lately.  The weather is good, we are a quick flight to sandy beaches in Mexico, we don't have state taxes, the housing market is booming, we are home to the beloved Dallas Cowboys, and the list goes on.  It makes me proud to live in the city.

        Home values in Dallas have gone up 9.3% this year and are projected another 4.3% by the end of the year.  Building a huge headquarters like Amazon would make the values go up even higher.  It's all about supply and demand.  The main reason people don't mind relocating to Dallas is becasue the home values are still moderate compared to states like California.  They are always rising, but with a thriving economy come higher pay.  Families will be able to afford the rising values.  So bring it on!  Myself and many other Dallas Realtors would love to see yet again another influx of home buyers.  

        Amazon would make Dallas an instant "Silicon Valley".  We would be the "Silicon Of The South" and we welcome that!  I love being a Dallas Real Estate Agent and I love relocating people here.  I get to be their personal tour guide.  My fingers are crossed that we get HQ2 from Amazon to move here.  I will keep my ear to the ground and be ready for all those new families wanting to move here.  Call me for all your buying and selling needs.

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