There wasn’t much warning when devastating tornadoes swept through Dallas Oct. 20. The storms caused $2 billion in damage and left residents scrambling to find a place to live. If you’re one of those families and you’ve ever entertained the idea of good country living, now might be a good time to check out Royse City.

There wasn’t much warning when devastating tornadoes swept through Dallas Oct. 20. The storms caused $2 billion in damage and left residents scrambling to find a place to live. If you’re one of those families and you’ve ever entertained the idea of good country living, now might be a good time to check out Royse City.

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Within walking distance from Downtown Plano, which is still HOT even though they lost their Dude Sweet (RIP 4 real), there’s an adorable bungalow set on almost one-third of an acre. It’s rural living in the middle of the city with easy access to US-75 and basically the world.

This house is so cute and the current owners made it so cool. In the kitchen, you’ll find a tin roof ceiling, exposed brick, and open shelving. It feels modern and eclectic and the evergreen cabinets and butcher block countertops are basically *fire emoji.*

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College Avenue

The Sandidge-Walker House at 2420 College Avenue was built by cattleman George Sandidge, who only lived in it for four years. Legendary Will Rogers was a frequent guest. The next owner was Dr. Gussie Walker, who had served as Fort Worth’s City Health Officer. In 1954 it became the rectory for the nearby St. John’s Episcopal Church, from whom the present owners purchased it. In 1986 it was added to the long list of Texas Historic Landmarks.

“It wasn’t in great shape when we bought it,” owner Judy Robinson tells me. “Repairs and electrical work weren’t professionally done. Work was mostly done by church volunteers,” she explains. Owners Steve and Judy Robinson completely rewired the structure in 1996.

College Avenue

The Sandige-Walker House in Ryan Place is on the list of Texas Historic Landmarks.

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Robert Meche, the charismatic leader of Small World Realty and co-branded Smoker Broker, is at the forefront of real estate industry disruption and has been proactively researching how he can contribute and influence industry outcomes as the lives of real estate agents are in flux. 

Meche embraces change and is welcoming the challenge. As part of that, Meche announced a big transition for his firm: 

“For the past 15 years, I’ve been fighting with one hand behind my back. I took a three agent firm and transformed it into a well respected, 175-plus associate business. I have an extremely loyal agent base and could not be more proud of our results. However, it is my job to give them everything they need to compete and I have come to the conclusion we need more. 

I am fighting mega-million dollar giants such as Zillow, Redfin, Open Door, etc. that have invested millions of dollars in technology and I refuse to be pushed around. I have also come to the conclusion the future of real estate is not in small real estate firms … it’s in small firms becoming large groups who have strong financial backing. 

So I made the decision to find a business partner who can help me fight. Who knows technology. I went straight to the top. I went to the one company who has never been money whipped by another broker … and never will be. I went to the one company who said I can still own my firm yet have my back when competing with others. In short, I have partnered with Keller Williams

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South Dallas Pemberton Hill

New construction in Dallas in the low $200s?

*Tires screech.*

*Horn blasts.*

*Solo red siren from Dragnet magically appears.*

Dramatization? Or real life? YOU DECIDE.

But seriously, let’s talk about 650 Elkhart Avenue. It’s impeccable. The details are thoughtful, and many were hand-selected by the investor, Tracy Bennett, herself.

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The Roman brick ranch at 815 Peavy Road is adorable. It’s a three-bedroom, two-bath home in Old Lake Highlands, feeds into Hexter Elementary, and is White Rock walkable. It also has a long, gated driveway and 10-foot privacy fence. It’s Pleasantville perfect and now is the perfect time to snatch it up – it is exceptionally priced at just $349,990.

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Juli Black recently joined Keller Williams.

If only we all had the energy, dedication, and tenacity of newly minted Keller Williams Premier Realtor Juli Black. Could you even imagine? A powerhouse such as Black brings such exceptional energy to a brokerage, that we aren’t surprised about this particular case of “like attracts like.”

“The culture is a natural fit for me at KW, and KW has made me feel like family since Day 1,” says Black of her new brokerage family. Considering the level of talent that Dallas Keller Williams is attracting right now, it would appear that the brokerage is poised for explosive growth in the market.

But back to Juli, who is not only a native Texan, but was also a media executive, with a resume that boasts stints at NBC Universal and TiVo. She’s parlayed that experience into what could only be considered an incredible real estate career. At her previous brokerage, Black was the top sales agent in 2018 by gross sales volume and has been a consistent top producer as a luxury real estate professional. (more…)

By Matthew Templeton
Managing Principal
KW Urban Dallas

Why is there so much movement in the iBuyer world?

First: What is an iBuyer?

An iBuyer is an institutional or business-based investor that uses automated valuation models (using data and algorithms to estimate value and trends over time) to make offers on properties in the market without actually having to have a huge workforce on the ground.

Who are these guys? Opendoor may be the one you’ve heard about the most. But also, Knock (a version of iBuying that gives you cash to buy the home you want before helping you sell yours), Offerpad, Coldwell Banker, Zillow Instant Offers (opened in Dallas on April 15), and coming in May to Texas, Keller Williams, according to Inman News this week.

How is this different than a traditional investor? In some ways, it’s not — individuals with bandit signs that say things like “we buy houses for cash” and companies like HomeVestors (“We Buy Ugly Houses”) with billboards have been models for decades.  

What’s different is that these institutional investors can buy properties at scale and their hope is to make money on the volume acquisition.  They claim to be purchasing at higher prices than a traditional investor (seemingly providing convenience for a slightly lesser price than retail).  The marketing pitch is slick. The idea behind it seems amazing — except that homes are not just data points. The fallout is yet to be determined.

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