07/28/14 5:37pm
Crescent Estates, the developer who built the Courtyards at Normandy, will construct an 18-home luxury development on Forest Lane.

Crescent Estates, the developer who built the Courtyards at Normandy, will construct an 18-home luxury development on Forest Lane.

Word comes that the custom home builder that has signed on to build 18 luxury custom homes on the almost 4 acre site on Forest Lane just sold by Unity Church of Dallas is none other than Crescent Estates Custom Homes, the very same developer that built the Courtyards at Normandy in University Park.

The development, which will be called 6600 Forest Estates, was part of the 11-acre Unity Church of Dallas Campus. Charles Hicks, who purchase the property in a deal facilitated by Solender Hall Real Estate, has had the land rezoned for planned development. Crescent Estates is known for European-style homes with top-of-the-line finish-out, including museum-quality interiors, and attention to detail both inside and out. We have a feeling that the homes proposed for the Forest Lane development will be similar in construction if not in style to the Courtyards at Normandy.

We have calls and emails out to Crescent Estates to get the specifics on this luxury home development, so stay tuned!

07/28/14 12:26pm

Zillow-logo

Candy already told you about this incredible, game-changing transaction. Of course, Zillow started out with a low-ball offer of $2 billion in stock, but the deal was sealed at $3.5 billion as Zillow acquired Trulia. This transaction will create a Goliath in a market where a new real estate internet start-up crops up seemingly every day.

Trulia shareholders will be getting compensated quite well, as each Trulia share will convert to .444 of a Zillow Class-A share, according to Business Insider. The acquisition will move Zillow head-and-shoulders above its next-closest competitor, Move Inc.’s Realtor.com. Just check out this chart from Inman News:

Zulia Chart Inman News

There are so many questions to answer! I wonder how the ongoing litigation involving Errol Samuelson’s defection from Realtor.com will affect the deal. And what about all of the duplication in talent? Both firms have excellent economists and analysts, so who will stay on? Will Trulia just become a Zillow brand? And what about mobile apps? Will Trulia be nixed? Or will they launch a new one that has access to all of that data?

One thing is for sure: All that data is going to change the way we do real estate. BubbleInfo.com’s Jim Klinge published a piece in BI about this very thing, and it will surely send shivers down the spine of any Realtor:

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07/25/14 4:28pm
Millennial Homebuyers

Millennial Homebuyers are missing from the market, but Austin and Dallas may be better values first-time homebuyers in this generation over San Antonio and Houston.

Where are all the first-time homebuyers? In their cozy rentals, that’s where!

With a market almost completely devoid of newby buyers, and the rental market being as competitive as it is (just ask my friend looking for a single-family home in East Dallas!), and prices going up across all segments, it’s just hard to find a place to put your leather couch and Le Creuset stock pot. Millennials hold a lot of potential when it comes to real estate purchases, but where can the find the best value? Is it San Antonio and Houston?

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07/25/14 1:11pm
John Wiley Price's Home at 406 E. 5th Street in North Oak Cliff

John Wiley Price’s Home at 510 E. 5th Street in North Oak Cliff

John Wiley Price was arrested this morning at 8 a.m. on an FBI indictment alleging bribery, mail fraud, tax fraud, and other crimes associated with influence peddling. Co-defendants in the 107-page indictment, which was released this morning, include longtime assistant to Price Dapheny Fain and political consultant Kathy Nealy. A fourth defendant, Christian Lloyd Campbell, was also named in the document.

Price’s attorney, Billy Ravkind, was stunned by this morning’s arrest, alleging that neither he nor his client knew that the indictment was coming out today. Jim Schutze thinks that this means that there is no cooperation coming from Price or his associates, or that a crucial player has recently opted to flip to federal authorities. We’re certain that things will become more clear after the U.S. Attorney addresses the media later today, and as the days and weeks progress.

One thing is certain: a lot of real assets will likely get caught up in this arrest and indictment, one that is swiftly becoming the biggest public corruption case Dallas has ever seen. Price currently resides at 510 E. 5th Street in North Oak Cliff, which was raided by the FBI almost three years ago to the day, but he was listed as owner for several other properties, too. Agents found more than $229,000 in cash inside Price’s home during the June 2011 raid, which also targeted Fain and Nealy’s homes and offices.

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07/25/14 11:07am

3747 Duchess Front

Well, Duchess the Saint Bernard, that is! Duchess is a lovely gal who is up for pre-adoption with Dallas Pets Alive while she undergoes heartworm treatment. I’m sure this gorgeous girl who gives the best kisses would love this updated traditional at 3747 Duchess Trail inside Royal Marsh Estates. It is plenty large for a big girl like Duchess! This ranch has a huge backyard for play time and a fantastic bathtub for bathtime.

Duchess

“Duchess was owner surrendered to the Dallas Animal Shelter because she ‘got too big,’” said Cassie Evans, dog rescuer and Duchess’ foster. “Duchess is a gorgeous, pure-bred Saint Bernard with a heart of gold. She likes small dogs, friendly big dogs, cats, and nice kids.”

She sounds just perfect and she’d do so well inside 3747 Duchess Trail! This home is in a wonderful location for any family looking to be close to parks, shopping, and a short drive from downtown Dallas. This particular home, which has all the bells and whistles a family moving to Dallas would want, is marketed by Trophy Group Realtor Matthew Rice for $599,890 and has only been on the market for 27 days.

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07/24/14 1:19pm

8911 Rolling Rock Curb

This house is pretty much the sexiest. From the first time I saw this beautifully redone midcentury modern in Lakeland Hills, I was in love. Just positively smitten. It’s totally remodeled with everything you want including a brand new kitchen and it’s inside Richardson ISD.

And did I mention that it’s sexy? Because it totally is!

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07/24/14 12:04pm
Stanwood Before Exterior

Sardone Construction has many projects in the pipeline, most of which include homes that are being renovated to be more livable for modern households. (Photo: Sardone Construction)

With more than two thirds of homeowners planning home renovations in the next 6 months, it’s no wonder that contractors and builders are busier than a Realtor’s phone come springtime.

But why are more homeowners planning to renovate? According to a survey from Realtor.com and Move Inc., besides improving a home’s function and aesthetic (32 percent) and preparing a home for the market (22 percent), homeowners also planned to take a sledgehammer to a recently purchased home that needs some work (19 percent) as well as make key renovations to increase a home’s value and build equity (11 percent).

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07/23/14 4:27pm
8606ShagrockLane-Dallas-TX-75238
What’s better than bringing in a stager to help you sell a property for top dollar? Having three!
That’s exactly what Suzy Echols Neal got when she won the Real Estate Staging Association team staging giveaway last fall. The prize included  a team of RESA stagers, MLS photos from Lance Selgo of Unique Exposure Photography, and a virtual tour for an occupied staging. According to RESA Texas State president Karen Eubank of Eubank Staging, the total value of the package is $1,200.
Eubank, RESA Dallas chapter president Karen Otto of Home Star Staging, and fellow RESA stager Amy Fedosky of New Again Home Interiors went to work on Neal’s Lake Highlands listing last month, and thanks to the team’s detailed consultation and fabulous photography, Neal’s clients were able to sell their home at 8606 Shagrock after getting several offers in the first 24 hours.
“This project was a lot of fun,” said Eubank, who is the Texas state president of RESA. “Working together on this project was a wonderful way to showcase the talent of stagers in our group and bring about greater visibility for the profession.”