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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09/24/18 11:43pm

The day is not yet over and there is more news about high producing agents migrating to different brokers.

Allie Beth Allman & Associates announced today that the top-producing Susan Baldwin Group, led by Susan Baldwin, has joined Allie Beth Allman & Associates, “building on the luxury real estate boutique’s strong foundation of client service, cutting-edge marketing and entrepreneurship.”

“I’ve admired Susan for years, and I’m excited her team is joining the ABA family,” said CEO Allie Beth Allman. “We’re fortunate to have a leader who is so focused on delivering for her clients, and we welcome her entrepreneurial spirit.”

Susan’s team includes agents Fiona Richards and Missy Townsend.

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09/24/18 5:09pm

From Staff Reports

With lumber tariffs already adding more than $6,000 to the price of every new home in Dallas, President Trump’s decision this month to escalate the trade conflict with China has builders bracing for more challenges to housing affordability. This decision could wind up imposing a $2.5 billion tax increase on residential construction, according to the National Association of Home Builders.

Trump announced he is moving immediately to impose 10 percent tariffs on an additional $200 billion worth of Chinese imports, including $10 billion of goods used by the home building industry. This 10 percent levy represents a $1 billion tax increase on residential construction. Making matters even worse, the tax hike will rise to $2.5 billion on Jan. 1 when the president said the tariff rate will jump to 25 percent if the two nations have not resolved their differences by year end. If China retaliates, Trump has vowed to place tariffs on an additional $267 billion worth of imports. The NAHB has strongly opposed this move.

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09/24/18 9:55am

SimonsonByron Simonson wasn’t as well known as the holy trinity of architectural mentors he could draw inspiration from, but the influences of Frank Lloyd Wright, Addison Mizner, and Maurice Fatio are still seen in the original midcentury modern abodes that dot Palm Beach — and in today’s Monday Morning Millionaire found right here in Dallas.

The bulk of Simonson’s portfolio can be found in Palm Beach — the Colony Hotel is his design, as was the former La Coquille Club in Manalapan before it was torn down to make for a Ritz-Carlton. (more…)

09/24/18 9:30am
real estate

The Greater East Dallas Chamber of Commerce announced that Dallas native and Pinnacle Group founder Nina Vaca will be the keynote speaker for its 14th annual economic summit next month (Photo by Jason Kindig).

The Greater East Dallas Chamber of Commerce announced its slate of speakers for its 14th annual economic summit, the Census Bureau revealed the most common housing materials for new homes in 2017, the Texas Association of Realtors announces a rebranding effort, and we compare Texas housing starts numbers to national statistics in this week’s roundup of real estate news. (more…)

09/24/18 9:00am

Kevin Caskey, that dapper, loved-by-every-real-estate-practitioner-in-town, super-star agent, has left Century 21 Judge Fite’s Fine Homes & Estates luxury division to join Halo Group Realty where he will be leading the company as Executive Vice President.

Kevin started his real estate career with Keller Williams, Dallas City Center, where he quickly became a top producer. He took over the office as Team Leader just prior to overseeing a successful de-franchising of the brokerage with nearly zero casualties. Kevin managed Dallas City Center as leader of an independent brokerage in Dallas for six years before finally succumbing to the recruitment efforts of Nathan Grace. Caskey says he loved being President of NG for that short time before the company was sold to Century 21 Judge Fite.

“Kevin is truly one of the most respected, beloved members of the DFW real estate community,” says Britt Morris, President of Halo Group Realty. “I am beyond thrilled at his addition to the Halo family.  We’ve been looking for the perfect fit to take over agent operations, and his expertise positions us for continued growth in the DFW marketplace.” 

Halo Group Realty is a 100 percent commission model where agents forego the traditional commission split with their broker, retaining more income from the commission. 

“My 20-plus years in the real estate business has taught me some valuable lessons, to which I recently started paying some serious attention,” says Kevin: “Who you are in business with matters!”

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