06/24/19 12:05pm

Janis Forse Wells (right) will now be working with her daughter Betsy Carlton Cameron.

After spending the past 18 years at Briggs Freeman Sotheby’s, Janis Forse Wells has teamed up with the Ebby Halliday Little White House.  She joins her daughter Betsy Carlton Cameron, who manages the office. However, Wells says that alone would not have been enough to make her switch.

“I love my daughter and I respect her. Everybody assumes that’s why I came here but it’s really not,” she said. “I took a look at the changes that are occurring n the Dallas/Fort Worth market and made a decision based on my analysis.”

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06/24/19 9:55am

magnificent Mediterranean estate

I always enjoy researching the luxury homes of Dallas. When I started digging last week, I found some extraordinary information on our Monday Morning Millionaire. Long before this magnificent Mediterranean estate was built, the original structure at 3601 Lexington Avenue was the first house constructed in Highland Park, “a model suburban city.”

Mr. and Mrs. S.W. Marshall built the original home in 1908, and it was considered a showplace. There were no other homes in sight, except for a couple of distant farmhouses.

Let me take you back in time for a minute with this snippet from The Dallas Morning News archives:

“When Mrs. Marshall and I moved into our home, we had no neighbors north of the Katy Railroad, although at least one other house, that of Hugh Prather, was under construction,” related Mr. Marshall. “Knox street was then an unpaved, unkempt country lane on the outskirts of Dallas.”

The Marshalls were also parents of the first child born in Highland Park, a daughter, named Eleanor.

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06/24/19 9:30am

Tricia Quaid (Photo: Jin Kim)

Tricia Quaid is an impeccable landscape designer with an architectural background. She knows hardscapes, landscapes, how to balance blues (pools) and greens (plants), and what to plant when you’re about to plant your house on the market.

(Photo: Zachary Custom Homes)

Quaid said it all starts with architecture. The style of your house will influence your design. Midcentury Modern, Texas Vernacular, and Country French will all require a little something different.

While there’s no one-size-fits-all design, there are some general guidelines we can all follow. And since these are all tips on how to get your house market-ready, they’re budget-friendly, too.

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06/24/19 9:15am
realtors

Photo courtesy Wildridge

The Collin County chapter of the Women’s Council of Realtors will meet this week, May housing reports are in, as well as the state unemployment report. We’ll take a look at all this, plus find out if educated workers are moving to Texas, in this week’s roundup of real estate news. (more…)

06/24/19 9:00am

 

There is a lot of talk to sort through when it comes to “disruptors” in the real estate industry, including the focus on technology and alternative listing models, such as flat-fee listings and or iBuyer sales.

But that’s not where the real disruption is happening — those are just strategies, says Andy Bearden, founder of the Insight Realty Network. The real disruption the industry faces is the seismic shift in the relationship between brokers and producers.

Andy Bearden

Experienced agents are becoming more demanding of value and will not tolerate a broker that cannot deliver simple things like a returned phone call or timely payments. They want brokers who are business partners and are committed to helping them build a solid business. A broker that will help them build wealth so their family can thrive and they can give back to their community.

“I find it funny that some brokerages teach that the key to wealth building for agents is to help the brokerage to recruit,” Bearden said. “The key to wealth building is to get your personal finances in order, run your business like a business, and invest in real estate.”   

Insight helps on all three fronts with the tools, education, and encouragement people need to finally earn what they are worth.  “And we return every call by the end of the day,” said Bearden.

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06/24/19 8:45am

Zilker

06/24/19 8:00am

Disruption is hitting the real estate industry more than other industries, and at a faster rate, or so it seems to those of us who watch the daily, sometimes hourly, changes from our North Texas perches. Speaking of Perch, there are iBuyers looming on the horizon — even mainstream media is starting to pay attention. That big, hairy-scary class-action “bombshell” lawsuit,  the one that could upend the U.S. real estate industry by forcing changes in how buyer’s agents are compensated (negotiate commission between buyer and agent individually, not dictate the commission to be paid by the home seller) has been amended: more plaintiffs and defendants have been brought in, and the suit is now emphasizing the role commissions and MLS groups play in “steering buyers”, potentially raising costs for sellers. 

Executives and agents are migrating, leaving traditional brokerages, heading towards perceived greener pastures with brokers married to technology, but not necessarily married to an office. 100% commission split brokerages are thriving and rising, with Frisco-based JP and Associates Realtors® (JPAR) taking the charge. 

JP and Associates is excited to announce that Geoff Lewis is joining JPAR as President of Vesuvius Holdings, LLC. Vesuvius is the parent company of JP and Associates Realtors and JPAR Franchising.

Geoff Lewis was most recently President of RE/MAX Holdings, LLC. where he worked for thirteen years. Lewis retired from RE/MAX in early 2018. RE/MAX, with those familiar red signs, is considered the largest real estate brokerage in the world. It was founded in 1973 by David and Gail Liniger, with an innovative, entrepreneurial culture affording its agents and franchisees the flexibility to operate their businesses with great independence. Over 115,000 agents provide RE/MAX a global reach of over 100 countries and territories. Nobody in the world sells more real estate than RE/MAX as measured by total residential transaction sides, which led the company to a post-recession record high in U.S., Canadian and worldwide agent count (100,000+ agents in 100+ countries) and franchise sales. Geoff served on several several industry boards and is widely respected within the industry.

Geoff Lewis was instrumental as a member of the RE/MAX senior team in guiding the organization through a tumultuous 12 years.  He was a part of the team that repurchased almost a dozen regional privately owned master franchises, was a member of the team that guided the firm to its public offering and was important to the organization in so many other, less visible ways.  REAL Trends always found Geoff to be bright, engaging and thoughtful in our dealings with him.  Along with the RE/MAX family we wish Geoff only the very best in his future endeavors: Steve Murray, President, REAL Trends Inc.

Mr. Lewis was ranked in the top fifteen in the Swanepoel Power 200 list of industry leaders.

In citing his reasons for joining JPAR, Mr. Lewis stated: “our industry is ripe for disruption.”

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06/23/19 9:55am

medianMay’s home report is in for Dallas, and the median home price is up two percent year-over-year to $260,000, according to statistics from Texas Realtors.

What can you get for the median home price in Dallas? We took a look.

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