waverlyIt’s not unusual to move to a new town and buy a new house. But the Pages didn’t just buy a house — they bought their first flip, in a city that they’re making their new home base.

As far as flips go, Jennifer and Tim Page actually picked a home that wasn’t entirely scary when they signed on the dotted line for 1111 South Waverly Dr., a good investment with easy access to Bishop Arts, downtown Dallas, and more.

“This is actually our first flip,” Jennifer said. “We moved here from Chicago just looking for a change of scenery without knowing this is what we would get into, but my husband Tim has always wanted to own his own business and be his own boss, so I told him to go for it!”

The couple had saved money from selling their home in Illinois, and with the market in Dallas doing so well, they thought it was time to jump in with both feet, finding a property in the ever-changing Oak Cliff, tucked between the Wynnewood, Elmwood, and Winnetka Heights neighborhoods.

“The house when we bought it was actually not in the worst condition,” Jennifer said. “It had been just recently flipped but not well at all.”

“You could tell that the previous owners were also trying to flip and may have run out of money and finished the house quickly and without regard for making it aesthetically appealing.”

And since it didn’t require a complete gut job, the couple felt “this would be the perfect starter.”

So that gave them time to take a good look at the house, what was selling, and what changes they could make to make it more functional and prettier. (more…)

downtown

The rooftop deck of this townhome in the Cedars is one of two homes in this week’s roundup of open houses with downtown Dallas views.

If you’ve been thinking about moving closer to downtown Dallas, but weren’t sure which downtown-adjacent neighborhood you wanted to live in, or whether you wanted to be smack-dab in downtown, we have some great options this week.

Every Thursday, we bring you our pick of the hottest North Texas properties in our CandysDirt.com Open Houses of the Week. These are the places you don’t want to miss that weekend. And this week, our homes are in Belmont West, the Cedars, and the Farmers Market areas.

This week, our homes range in price from $439,000 to $575,000. Which ones will you visit?

BRAND-NEW BELMONT WEST CUTIE

Open house: Dec. 8, 2-4 p.m.

When we asked Coldwell Banker Residential Realtor Alex Prins where he was hanging out this weekend, he pointed us to this new construction west of the Belmont Hotel at 1213 Walmsley Ave.

“This new build is like a dream!” he told us. “Floor the ceiling windows, tons of sunlight, hand-scraped hardwoods, 12-foot ceilings, and so much more!” (more…)

Ryan Shea, his wife Mercy, and one of their sons enjoy last year’s holiday pie party.

For the seventh straight year, Realtor Ryan Shea will celebrate the holidays with pies. His annual holiday pie party is a way to thank clients and give back to those who have helped him.

“Ultimately it’s just a way to get everyone together,” Shea said. “My clients can meet each other. It’s just a great way to lighten up, relax and have a good time.”

The event will be held from 11 a.m.- 1 p.m. Dec. 13 at the Dallas Tree House store, 8021 Walnut Hill Lane. Anyone interested in attending should email Shea at ryan.shea@exprealty.com along with their pie preference (pecan, pumpkin or apple) before Dec. 10. International speaker and author Dr. Hank Seitz, known for his books on business and performance development, will also be in attendance. (more…)

Buckner TerraceIt’s not often you can find a four bedroom, move-in ready home at a price point north of $300,000, but when Paige and Curt Elliott with Dave Perry-Miller — Park Cities told us about this Buckner Terrace listing, we knew we found our Tuesday Two Hundred for this week.

“It’s a fresh, neutral, and lightly lived in, rare four-bedroom in the sought-after Buckner Terrace,” Paige Elliott told us of their listing at 5631 Everglade Road.

With 1,998 square feet of upgraded living space, this 1968 Traditional has a flexible and open floor plan with the formal living area opening to the kitchen, breakfast nook, and second living room. (more…)

rents

From staff reports

Dallas rents are rising, but are still doing so at a rate below the national average, the December 2018 Dallas Rent Report from ApartmentList.com revealed today.

Year-over-year, Dallas rents have increased by 1.1 percent, with median rents at about $890 for a one-bedroom apartment, and $1,110 for a two-bedroom. That year-over-year growth is less than the state average of 1.4 percent and the national average of 1.3 percent.

In November, Dallas rents remained flat. (more…)

Are Dallas home prices up or down? At what rate are they appreciating? We take a look at three different reports in this week’s roundup of real estate news.

CORELOGIC CASE-SHILLER REPORTS DECLINING HOME APPRECIATION

Home price gains have been slower this year across the country, but September 2018 marked the eighth consecutive month of home appreciation declines in the North Texas area, Standard & Poor’s/CoreLogic Case-Shiller Home Price Index revealed. (more…)

flippedBy Linzi Martin
Rent.com

As a renter, finding a flipped property can be great. After all, you’re moving into a recently renovated space that’s clean, modern, up to code and generally more visually appealing, right? Unfortunately, that’s not always the case.

Some flipped properties are done very quickly, and in the process, hazardous shortcuts might have been taken. It’s important to know what to look out for when renting a flipped property so you can ensure you’re getting a property that’s been cared for rather than neglected. Here are five things to consider when renting a flipped property.

1. Water damage

Water stains on walls, floors or ceilings are a strong indication that an underlying problem was covered up and not addressed. This could be caused by an internal leak from a pipe or cracks in the exterior. (more…)

Magnolia West

Realtor John Zimmerman with Compass is hosting a progressive open house party (complete with Texas-OU game watching and noshes at every home) in the latest and greatest private gated community, Magnolia West. The event is Saturday, Dec. 1, and begins at 11:30 a.m.

Westworth Village is a growing enclave just outside Fort Worth, but don’t let the small-town population fool you — it’s close to some of the best amenities Fort Worth has to offer, and the private, gated Magnolia West community puts you right in the thick of everything.

Magnolia West is perched across the street from Shady Oaks Country Club, and is close to the Fort Worth Cultural District, museums, West 7th Street, restaurants, shopping, and plenty of entertainment venues.

And the community also offers some of the best luxury home builders in the area, too, crafting high-end custom, single-family homes that start in the $700,000 range on up — including JAAVA Custom Homes, Village Homes, and Integrity Homes.

And as we mentioned yesterday, if you’ve got a hankering to check out the private neighborhood,  Compass’s  John Zimmerman  is hosting one doozy of a progressive-style open house, complete with plenty of things to nosh on, wine to taste, and yes, the Texas-OU Big 12 Championship showdown at every home you visit (more details on that here). There will also be shopping opportunities with local vendors, so bring your Christmas lists!

But wouldn’t you like a sneak peek? Because we can give you a glimpse of one of the homes on the tour — 157 Magnolia Lane, built by JAAVA Custom Homes (but trust us, you need to go see this home in person, too!). (more…)