09/25/18 3:42pm

I don’t know, maybe selling a home these days is just getting too darn complicated. All I know is that two,  three, and soon, four of these iBuyer startups are now in town and doing pretty well based on the philosophy that consumers in lower-priced homes are willing to forego some profit in order to get rid of it quickly and painlessly. And of course, real estate agents are involved — to a certain extent — but not in the way they have been traditionally. Most of the process happens online. With these so-called iBuyers, the role of the real estate agent is present but diminished considerably.

But never, never underestimate the big boys — starting next month, Realogy, the largest real estate company in the U.S., will begin presenting all-cash offers in as fast as one business day to Coldwell Banker home sellers who request them in Atlanta, Dallas, and later this year, Tampa.

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09/25/18 1:01pm

We are so used to dialing 3-1-1  to get service from the city, it may take some getting used to: Dallas 311 is launching new service request software, updating their website, and replacing the current Dallas 311 mobile app with the new OurDallas app.

The current 311 app will be taken down tomorrow, Wednesday, Sept. 26 at 10 p.m., and online access for residents will be removed beginning Friday, Sept. 28 at 4 p.m. to begin the transition to the new system.

While the app and website are down, you can still dial 311 at any time to report an issue. And the call will be answered — the call center will be staffed with additional agents to handle calls during this time.

But beginning October 1, the new system will be online. Residents using the old 3-1-1 app will be directed to the new OurDallas app available from the App Store and Google Play, hopefully for free.

The updated system will make it easier for residents to request City services, sort of service at the touch of a finger. But I wonder what folks without i-phones will do, such as the elderly. Good question for our City Council, or dallas311@dallascityhall.com, but I am so glad to see Dallas bringing in more technology for smoother sailing!

09/25/18 12:00pm

Our Splurge: Mariposa Ranch and Equestrian Center, Taos, New Mexico is currently listed by David Fries of Sotheby’s International Realty Santa Fe for $2,900,000.

Town or country? In this week’s Splurge vs. Steal it’s hard to choose. That’s because we are taking you to Taos, New Mexico – one of America’s foremost art colonies, where high desert living meets historic adobe architecture and breathtaking Sangre de Cristo Mountain views. For this reason, we zeroed in on two exceptional Taos retreats, each with impressive locations, architecture, and amenities, but with price points that are miles apart. Which one would you choose, the sprawling Equestrian splurge or the in-town adobe steal? Be sure to let us know in the comments.

Take your pick on SecondShelters.com

09/25/18 11:55am

Uptown’s next high-rise

Even sitting on a beach chair in North Africa, I felt this. A few days ago (hey, I’m on vacation), a 53,000-square-foot McKinney Avenue parcel lifted its skirt to the market.  I phrase it that way because 2523 McKinney has an asking price of $34 million … for 1.216712 acres.

Good lord, you could buy Walnut Place for that.

We’re talking about four lots owned by OR Asset Holdings that are being marketed as one development plot. OR Holdings is Oscar Renda, who purchased three of the lots in May 2010, picking up the final one in November 2013. The lots are:

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09/25/18 9:45am

Deep in the heart of Oak Cliff, there’s an Elmwood brick cottage with sweet style, big updates, and a friendly price tag. 

Our Tuesday Two Hundred, at 1918 Newport Ave., has many of the upgrades you’d expect to find in new construction, but all the personality and charms of its era. Plus, it is only three miles from Bishop Arts, seven miles to downtown Dallas, and walking distance to a DART light rail station. 

This home has three bedrooms, two bathrooms, two dining areas, and 1,522 square feet on one story, built in 1951. Let’s take a look.

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09/25/18 9:30am

ClosingClosing costs vary from state to state. And in Texas, they can vary from sale to sale. It may be surprising to see where you can and cannot save on your real estate sale or purchase.

In Texas, title insurance rates are set by the Texas Department of Insurance. The rate is based on the sales price of the property. Many buyers and sellers believe that shopping around for a title company will save them money. But, title companies must charge the rate mandated by the state.

However, there are still some ways to save on your closing. (more…)

09/25/18 8:25am

There are only two homes currently for sale at the Ritz Residences in tower one, and they’re both skirting 3,000 square feet. And they both have one-of-a-kind floor plans. And they’re both listed with the same agent – Sharon Quist with Dave Perry-Miller. And one’s on the 18th floor, the other the penthouse 19th. And yes, 51 square feet is (sorta) all that separates them.

Since we’re at the Ritz, let’s start at the top. Unit 1901 clocks in at 2,928 square feet with two bedrooms and two full and one half bathroom. Pretty standard stuff at the Ritz. But how about 12-foot ceilings, and as you can see above, 891 square feet of terrace. And yes, it’s a terrace. You and I have balconies. It’s co-listed with Dave Perry-Miller agents Sharon Quist and Curt Elliott for a straight $3 million.

I think it’s safe to say that in urban living and especially Ritzy urban living, that nearly a grand of terrace space might just be worth the $300,000 more than the other unit, but I’m outdoorsy. So outdoorsy that when I viewed the units with Quist, we decided to sample the amenities of living at the Ritz-Carlton — room service.

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09/25/18 8:00am

Most listing agreements state the seller will pay the listing agent’s broker an agreed percentage before home is listed.

Don’t you love water cooler talk?  Do water coolers even exist anymore now that bottled water has taken over the world?  The other day I was visiting with other compadre Realtors and one agent in particular was posing the question, “Do buyers realize that their Realtor doesn’t cost them anything?”

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