647 Bizerte Avenue Back Fountain

If you need more proof about why Oak Cliff is poised to be the next scorching hot area in Dallas real estate, I present this midcentury split-level in Wynnewood. This is such a great opportunity for someone who wants to customize a home to their taste with minimal effort involved. It doesn’t hurt that this listing from David Griffin & Company agent Paul Kirkpatrick sits right on a pond with a beautiful fountain. For a lot and view like this in the Park Cities or Preston Hollow, you’d end up paying closer to $800,000 and upwards, and that’s just for the lot. 

But here in Wynnewood, you can score 647 Bizerte Avenue for the bargain price of $485,000. Even more incredible is that this home is priced at almost $10,000 below the DCAD appraisal of $494,230.

647 Bizerte Avenue Front

I expect that Kirkpatrick will get quite a few offers on this week’s High Caliber Home of the Week, sponsored by Lisa Peters of Caliber Home Loans. If one of those offers is yours or your clients, contact Lisa Peters today to make sure that you can sail through pre-approval to put in your highest and best offer. From start to close, Lisa Peters at Caliber Home Loans provides an unequaled level of service and support!

Jump to see what else this 1958 split level has to offer!

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Finding the right mortgage company is about more than just the lowest rate.

Finding the right mortgage company is about more than just the lowest rate.

As a real estate agent, your primary job is to help your buyers find the home they’re looking for, at a price they can afford.
But the job doesn’t stop there, by any means.

Agents are also responsible for helping clients through the entire buying process. From the initial search to scheduling tours and home inspections and, ultimately, attending the final closing, real estate agents are there through it all.

An agent can’t do it alone, though. Along the way, they also must recommend other industry professionals and services  —people like home inspectors, contractors, home warranty providers and, you got it, even mortgage lenders.

In fact, the latter might be the most important recommendation an agent will make in the entire home buying journey. After all, the lender will determine how much the buyers qualify for (and what type of property they can afford), and they’ll be a part of their lives for many years to come—as long as they own the home.

Needless to say, the lender recommendations you make are crucial. If you want your buyers to be successful homeowners – not just now, but even decades down the line—offering them the right mortgage options is the way to do it.

Do you have great lenders and loan officers you can recommend to your clients? If not, here are 6 ways to spot a stellar one that’s worthy of your buyers:

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Paul Volcker

Get ready for the media freak out. Besides a re-hash of last night’s Republican debates — the most substantive thus far, in my opinion — everyone is talking about an expected interest rate hike today from the Fed. I had two media calls yesterday asking me if I thought a rise in interest rates might hurt or slow our blazing Dallas real estate market.

Nearly everyone believes the Fed is going to raise interest rates for the first time since June 2006. If so, the federal funds rate — which is the wholesale rate banks charge each other for overnight loans — will tick up a quarter percentage point from near zero.

Only one-quarter of a point. But experts say that may begin a chain reaction that leads to higher rates in 2016.

Jonathan Miller

My favorite New York-based Real Estate guru Jonathan Miller looks at why have rates been so low for so long — basically a cruddy economy and slow job growth? And he asks, is it really time to raise them?

Looking at the charts it seems like no, though it would be nice to have banks pay us some money for keeping our money in their banks. Right now, the rates banks pay savers are so insignificant, it almost makes no financial sense to have large sums in the bank. That’s one reason why real estate investment has been so strong.

Secondly, a quarter of a percent is nothing. I remember Paul Volker’s days of 18% interest rates. It was like paying an HOA fee on top of your mortgage. He was trying to wrestle inflation, which was feverish. Then, people were buying houses to make money on them. Today, they are buying houses (or investing in the stock market) because you cannot make money saving it in the bank.

Which makes me wonder if a more significant rate hike would cool the market a bit.

Also, I wonder if Millennials, who have no experience with higher interest rates, might be scared off by a significant rate increase. Remember, this is the generation that, like their grandparents, doesn’t like debt.

What do you think? Would an interest rate hike hurt your real estate search or your business if you are in the business?

MichaelBingham_CD-2

It’s loan professionals like Michael Bingham that make the industry look good, both literally and figuratively. I mean, with style like Michael’s, you can see that he classes up pretty much any room you put him in. But in the less literal sense, his dedication to the community and open heart definitely make him worthy of being called this month’s Guardian Angel from Guardian Mortgage.

“I do believe, however, that when people truly realize that their lives are valuable, most will try to do better; when people come to understand that they can better themselves and their lives with a little effort, they will try to do just that,” Bingham said.

We couldn’t agree more, and we couldn’t be more thrilled to have a man such as Michael Bingham on our site and in our community. Congratulations, Michael!

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9655 Lakemont Front

Sometimes investors start with a mixed bag of a home, where they could get by without changing the floor plan while making key upgrades elsewhere. Other times the whole home is due for a makeover, with no finish being spared. There’s a certain alchemy to flipping, though, and sometimes the formula bubbles over before it’s set right. However, this Midway Hollow home hits the high notes so well it sings like Mariah Carey.

Of course, this listing from Virginia Cook Realtor Maria Centeno is under option, but when you spot the perfect home for your family in a hot neighborhood like this one, you have to call Lisa Peters at Caliber Home Loans to make sure you can put in your highest and best offer before someone else does. Are you ready to find your high-caliber home? Contact Lisa today.

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Betz_1

Sure, he’s from New Orleans, but as most Dallas transplants, Wade Betz got to North Texas as soon as he could, which was to attend SMU. And sure, there’s some tension between his LSU-loving family and his SMU ties, but we’ll forgive him! There’s so much more to Betz, though, a loan officer at Guardian Mortgage and this month’s Guardian Angel.

As Betz sees great things ahead for Dallas, we see great things ahead for him, especially because Betz takes great care of his relationships with this friends, family, and his customers and enjoys an extremely high referral rate compared to his peers. Find out what makes Betz an exceptional mortgage professional after the jump!

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Watson_4

It’s true: Some of the most amazing, dedicated people in the mortgage industry work for our hometown lender, Guardian Mortgage. These are the same folks who answer phone calls after hours, always greet you with a smile in the checkout line, and volunteer to make our communities better. In short, these people step up.

That’s what Mark Watson does. Watson, who is this month’s Guardian Angel from Guardian Mortgage, takes the time to make sure his client has an excellent experience no matter the size of the loan, ensuring that they become the industry’s most sought-after client: A happy referral generator.

We were absolutely thrilled to chat up Watson, who is an avid cyclist. Besides being an all-around great guy, he knows the mortgage business backwards and forwards, and has the kind of experience that clients seek. Find out more about Watson after the jump!

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