Swathy Prithivy, Opendoor; Janelle Alacantara, Galaxy Modern; Candy Evans, CandysDirt.com; Becky Frey, Compass; Alex Doubet, Door; and Beth Johnson, Keller Williams (Photo courtesy Dallas Builders Association).

I had the privilege of moderating a panel stuffed to the gills with creative, talented real estate professionals yesterday at the Dallas Builders Association’s luncheon. The panel, featuring some of the top disruptors in the industry, had a lively discussion with one overarching theme: there’s room for everyone in this new playing field for the real estate industry.

Panelists included Swathy Prithivy of Opendoor, Janelle Alcantara of Galaxy Modern, Becky Frey of Compass, Door founder Alex Doubet, and Beth Johnson of Keller Williams. It was a fascinating discussion, with several juicy takeaways. Namely, Doubet predicted that the data indicates that at some point, the last vestiges of traditional model of real estate will disappear. If that’s not a clarion call for the industry, I don’t know what is!

The three full-service Realtors — Alcantara, Frey, and Johnson — stressed that while they felt there is a need for all three models presented at the panel — full service, iBuyer, and flat fee — there will always be a need for a good Realtor that knows the turf, has intimate knowledge of what is selling there regardless of whether it was on MLS or not, and that will advocate for their client.

To get all the best tidbits from these ground-breaking movers and shakers, view the video from our live broadcast now: 

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disruption

Clockwise from left: Candy Evans; Alex Doubet, Door; Swathy Prithivi, Opendoor Dallas-Fort Worth; Janelle Alcantara, Galaxy Modern; Beth Johnson, Keller Williams; and Becky Frey, Compass.

… but the flu is going around, so who knows, a seat or two at our Thursday panel on disruption in real estate may open up.

That is terrible! Shame on me!

But truthfully, I went to the doctor today and (a) I do not have the flu but (b) everyone else does. Seriously, it’s the worst flu season ever STILL!

We are so excited about this Disruption event, brought to you by the Dallas Builders Association, and I knew it would fill up fast. Happy to report it is sold-out. But we’ll be live-streaming on Facebook, so if you do get the flu, or could not get a ticket, you can still check us out.

Also, I am not going to waste time rattling off bios: everyone can just read them here. Reading the bios here on CandysDirt.com saves us valuable debate time! And debate we will!

Questions you would like to ask the panelists? The comments section is WIDE OPEN, so fire away! Or ping me. Jump now for the profiles of our distinguished panelists …

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Have you ever wanted to ask Alex Doubet of Door what motivates him? Or how he keeps the lights on? What is OpenDoor really about and how much do they charge sellers? Why did so many tip-top agents flock to Compass? Is it possible to sell your home online now? How big are the iBuyers, really? 

Get the inside scoop on how brokers, both big and small, new and old, are reinventing the way homes are bought and sold at the Dallas Division Realtor Panel on Thursday, Feb. 7, 11:30 a.m. at Maggiano’s NorthPark. This realtor panel will include Becky Frey, Compass; Janelle Alcantara, David Griffin & Co. Realtors, Founder of Galaxy Modern; Alex Doubet, Door; Beth Johnson, Keller Williams Realty; and Swathy Prithivi at Opendoor. 

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Last week, Becky Frey, a 17-year veteran at Briggs Freeman Sotheby’s who once told me she learned the real estate craft from Ellen Terry herself, joined Compass.

“It was a really big, hard decision,” says Becky. “I watched Compass evolve over the year, and it was just a good match for our team. The Sotheby’s brand was a big part of my career, and I have friends everywhere with Sotheby’s.”

But it was, she says, like leaving home: “Briggs Freeman was family to me and always will be, but moving to Compass was just a business decision for the team.”

Becky’s migration now sets Compass Dallas’ total agent count at 168 licensed. Compass has taken ALL local brokerages by storm, part of the significant disruption in the DFW real estate market we expected given our growth and sizzling hot market, and as Wall Street set its sights on the real estate industry. Why? Because the U.S. real estate industry is huge: the total value of all homes in the U.S. increased in 2017 to $31.8 trillion, according to Zillow. At least $89 billion is Realtor commissions alone. And because the industry has so many separate sub-markets (mortgage loans, title companies, insurance, construction) many forsee a way to unite and leverage the entire supply chain to feed consumer’s growing demand for convenience and one-stop shopping, like the ibuying trend:

Venture capitalists are practically throwing funds at real estate-related companies of all shapes, sizes and flavors. Nothing is sacred — brokerage models, commissions, transaction management, bundled services like title and lending. You name it, someone somewhere is trying to change it, fund it, and ultimately, capitalize on it. Every aspect of the real estate business is under scrutiny. There’s just too much money involved for real estate not to be targeted by those with deep pockets — and big ambitions to stuff those pockets full of cold, hard cash.

Outsiders have been marching into the Dallas market at a steady stream for a slice of our market pie. According to RealTrends top 10 largest brokerages in the United States, ranked by closed sales volume for 2018, Compass is number 6, right under Pacific Union. But the report needs to be updated: Compass bought Pacific Union in late August. According to Inman, Compass has more than tripled its agent count and now has more than 7,000 agents. The company also expects it will hit roughly $34 billion in sales volume this year, more than doubling its 2017 sales mark of $14.8 billion. That figure could firmly place Compass, which launched around 2014 as Urban Compass in NYC, at No. 3 on the Real Trends 500 in sales volume, right behind NRT and HomeServices of America.

Right behind NRT and Berkshire Hathaway Home Services of America. (more…)

If you love clean lines and a contemporary look, then you’ll fall hard for the three properties we’ve found for our CandysDirt.com Open Houses of the Week column. They’ve got a sleek aesthetic and stand out as exceptional for their neighborhood. 

This week, our open houses range in price from $465,000 to $1.269 million. Which one is your favorite?

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Texas Modern
Just when we think we have seen it all, along comes this unbelievable Preston Hollow Texas modern at 11422 East Ricks Circle.

Candy and I were lucky enough to see this gorgeous 6,069-square-foot home in person last Thursday night. Although it was hard, we managed to stay off the zip line, but only because this home has so many bells and whistles we ran out of time for a mid-air tour of the backyard. (more…)

We scour the listings and pound the pavement every week, looking for the most promising and unusual Dallas open houses. These are the events you should not miss! 

This is our CandysDirt.com Open Houses of the Week column. Every Thursday, we pick three fabulous open houses in Dallas (and the ‘burbs from time to time) you shouldn’t miss.

This week, our houses range in price from $399,000 to $1.249 million. Will you visit any of them?

 

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Contemporary architecture takes on beautiful proportions in a sleek Shore Crest Terrace home built in 2016. This nearly new house feels spacious and expansive with soaring ceilings and spaces filled with natural light.

Our Inwood Home of the Week at 8618 Glencrest Ln. has a strong connection between indoors and outdoors through walls of glass, as well as a flexible floorplan in the truest sense of the word. This naturally lends to the entertaining possibilities with multiple seating areas inside and fabulous options in back. 

Located near Lemmon Avenue and West Lovers Lane, this home has four bedrooms, four bathrooms, three living areas, and 4,002 square feet on two stories, built in 2016. 

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