There are a lot of great condos in the East Lovers Lane area, many of which are within walking distance to the Lovers Lane DART station, making for a quick commute downtown if that’s where you’re headed. However, a lot of these condos are fantastic income-producing properties thanks to their proximity to Southern Methodist University. Buy a condo for your student’s stint at SMU, and thanks to the healthy real estate market, you can either lease it once they graduate or sell for a healthy profit.

This particular building, The Tuscany at 5904 Sandhurst, is so well cared for and has tons of great amenities, including a courtyard swimming pool, fountains, and fabulous landscaping. Scoring a unit here is a challenge, as they tend to go quickly. And considering how well-maintained our High Caliber Home of the Week is, we’re not surprised at all to see that it’s already under option contract. Heck, if we were in the market, we would have contacted Lisa Peters at Caliber Home Loans to get in an offer fast! 

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Be Afraid. Be Very Afraid: a Major Wall Street Real Estate Disruptor has finally landed in DFW. Compass aims to own 20% of the US real estate market by 2020. 

Compass, which bills itself as a real estate technology company that also sells real estate, has launched their first Dallas office by merging with the small but mighty boutique firm known as The Collective Residential. The Collective, launched by Christy Berry and Jonathan Rosen almost one year ago, branded itself as an elevated real estate experience for the agents and the clients they serve. Rosen and Berry came from Briggs Freeman Sotheby’s, where they were two of the most consistently high producing agents.

Calling itself  “a unique boutique luxury brokerage comprised of dynamic real estate advisors (never agents) in Dallas- Fort Worth, with a focus on enhanced design and innovation that guarantees clients maximum efficiency and premier access to the city’s most exclusive properties and listings,” the firm vowed to limit itself to 30 or 40 agents at most. They currently have 13. Most recently Gaynelle Henger left Coldwell Banker to join The Collective, which boasts a beautiful office on Oak Lawn just south of Highland Park that resembles a sleek ad agency more than a real estate office. The firm also added Erin Duvall, Molly Duvall ThomasCallie Brickman and Duke Jimerson III shortly before the holidays. Jimerson is the son of veteran Dallas agent Duke Jimerson at Allie Beth Allman & Associates. The Collective has clearly been building a team of millennial dynamo associates with deep family roots in Texas real estate.

The merger with Compass was actually something the duo sought before creating their company.

Robert Reffkin

Ori Allon

“We we went to New York City two years ago and talked them into opening Dallas then, but they just were not ready,” says Christy. “The Compass philosophy is much the same as our’s, very agent-centric, but they have this huge, impressive tech component that we could never compete with.”

Nor, says Christy, will others. In the New York City office, Compass has a full time tech department of about 80 engineers sitting in one room consistently working on the company’s intuitively designed software for agents to advance and improve, she says.

“They hire from Pixar, Apple, Google,” says Jonathan. “The mantra is to have full time tech people in every Compass office.” (more…)

A lot of homeowners and buyers are feeling a bit of uncertainty in the market as we head into 2018, but thanks to his dedicated team of professionals, Bob Johnson (AKA BobMortgage) is ready to arm you with the facts you need to make the best decision for your household. It’s no wonder why Bob, the senior mortgage adviser for the nation’s oldest private lender — Wallick & Volk — is our most-trusted name in home finance. 

What does the data say about 2018? Click through to find out in this week’s Mortgage Report:

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Maybe you’ve found the perfect neighborhood, but the best home for your budget is far from perfect. Renovation can be expensive, says Bob Johnson (aka BobMortgage), but don’t be afraid of taking out a renovation loan. Our most-trusted expert in lending, the senior mortgage adviser at the nation’s oldest private lender — Wallick & Volk — has all the information you need when considering an overhaul on your house.

Ready to make an investment that could change your life? Watch this week’s BobMortgage Zone after the jump!

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Last week’s news caused chaos, with the bottom falling out of the bond market and disruption throughout Washington. However, this weeks shows promise of rebound, with a better-than-projected jobs report and some much needed support in mortgage bonds. However, will job growth finally mean wage growth? And what about the upcoming rate decision from the Federal Reserve?

Should you lock or float? Watch this week’s Mortgage Report to find out. With so many variables in the market, there’s no better time to have a trusted mortgage adviser on your side, and there’s no better expert than Bob Johnson (AKA BobMortgage), senior mortgage adviser at the nation’s oldest private lender — Wallick & Volk.

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Ever find yourself in a lending no-man’s land? As home prices have gone up, conventional loan limits have lagged, leaving fewer options for those who want to buy a pricier home that doesn’t fit in the “jumbo” category, which has stricter underwriting requirements. This could be a boon for so many homebuyers!

Sound confusing? Educate yourself with our most trusted mortgage expert, Bob Johnson (AKA BobMortgage), senior mortgage advisor at the nation’s oldest private lender — Wallick & Volk:

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If you’re a market watcher, chances are that you’re in desperate need of a manicure after all the nail-biting action on Wall Street. The Senate GOP passing a tax bill, as well as news about the FBI investigation into Trump associates’ contact with Russian envoys, all sent the market into a tizzy.

Of course, you may be wondering, as the bottom falls out of the bond market, whether you should lock or float … the answer? Listen to our most trusted mortgage expert, Bob Johnson (AKA BobMortgage), senior mortgage advisor at the nation’s oldest private lender — Wallick & Volk, in this week’s Mortgage Report: 

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The homebuying process is absolutely riddled with pitfalls, and it’s easy to make what seems like a small mistake, only to find out that it costs big money years later. That’s why we trust the expert advice of Bob Johnson (AKA BobMortgage — senior mortgage advisor at the nation’s oldest private lender — Wallick & Volk) when it comes to finding the right mortgage. 

In this episode of BobMortgage Zone, learn more about how interest rates and down payments can drastically affect your total investment in your home — and why you should consider buying now rather than putting off your homeownership journey.

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