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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Denton is more than a college town. It’s a history-rich county seat with homes that run the gamut of styles and influences. For this week’s suburb Sunday, we take a look at three historic homes in Denton in three very different price ranges. Which do you see yourself most at home in?

 

This Historic Mansion with Wine Cellar Could Be Yours

Address: 1035 W. Oak Street, Denton

  • 5 bedrooms, 6 baths
  • 6,614 square feet
  • $1.725 million

This is the 1903 neoclassical Evers House, one of a few original homes that existed on the well-to-do block of Oak Street, nicknamed “Silk Stocking Row.” The huge 6,614-square-foot home features rich hardwood floors and elegant moldings. (more…)

For this week’s Suburb Sunday, we head to Denton County… er, Dallas County. No, Collin County. What county is Carrollton located in? All three, actually. As the 23rd most populous city in Texas, Carrollton is a vibrant town of industry, retail, and residential with a historic downtown that’s booming with a healthy rail-transit system. Come check out these three great homes on the market right now:

Craftsman Inspired Cutie in Austin Waters

Carrollton

Address: 5005 Sage Hill Drive, Carrollton

  • 3 bedrooms, 4 baths
  • 2,781 square feet
  • $462,900

This craftsman-inspired home has gorgeous curb appeal with its manicured landscaping and welcoming covered front porch that overlooks the greenbelt. It was built by Darling Homes in 2010 and located in Austin Waters, a residential neighborhood of Austin Ranch in northeast Carrollton.

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Matt Templeton of Keller Williams Urban Dallas regularly educates Realtors on how to make the most of the current market. (Courtesy Photo)

By Matthew Templeton
Managing Principal
KW Urban Dallas

It feels like there have been fundamental shifts in the real estate industry within the last few months. Technology is the buzz word, money is being thrown around, and CEOs of just about every top real estate-related company are out. The last few weeks’ news sums up that feeling.

September 2018: Compass closes another funding round for $400 million — money used to build more software and buy more agents.

And then …

February: Rich Barton (billionaire co-founder of Expedia and Zillow) takes the reins from Spencer Rascoff, who was CEO at Zillow for nine years.

February: Keller Williams rolls out the first artificial intelligence and data-driven platform in the real estate industry — others have been clamoring to follow

February: RE/MAX says [sic] “Our amazing technology is coming, and it will be best in class,” and makes a technology acquisition, Booj.

Last Week: Data-driven Opendoor will now show listings from rival brokerages and offer Redfin-like rebates.

Last Week: NTREIS Board holds a vote on whether to sell greater data access to Zillow. April will be a reckoning month for North Texas Realtors and their data.

We’ve moved into a new real estate era that is faster paced and increasingly powered by technology and data — more than ever before. But there’s something else afoot. It’s eerily similar to what happened with the dot-com bust. Real estate technology companies are flush with capital — in fact, 2018 was a banner year for real estate technology investment.

And yet many of the top “technology” or “platform” companies in the industry are not profitable.

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Great $300k homes

Here’s a quick little Sunday morning trivia bite for you. Did you know that Bedford, located in northeast Tarrant County’s H-E-B mid-cities, nearly became a ghost town in 1909 when its population plummeted to 50 people? Just 20 years earlier, it was a booming frontier town with 1,000-plus residents, growing alongside near neighbors Hurst and Euless. But a wartime boom helped Bedford rebound, and has since become a thriving city of 50,000 residents with some of the best-looking affordable homes in the area. Case in point, for this week’s Suburb Sunday, we found these three great homes ranging from $275,000 to $360,000.

Sunroom Retreat Perfect for Year-round Bliss

Address: 3101 Andrew Court, Bedford

  • 4 bedrooms, 2 baths
  • 2,887 square feet
  • $359,900

If you’ve been looking for a great single story in the mid-cities, you’ll want to drop by this home from 1-3 p.m. Sunday, Feb. 24 for an Open House. Beautiful hardwood floors, high ceilings, crown molding, and custom fixtures are just some of the details that make this 1995-built home feel very well cared for. The open floor plan features an updated kitchen with breakfast bar, granite countertops, stainless steel appliances, and a walk-in pantry. The huge master suite has been remodeled with new lighting, tile, and granite. It has a separate shower and garden tub, and separate vanities. The large sunroom is vented for AC and heat and can be used year-round. This home is zoned for Hurst-Euless-Bedford ISD.

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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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