MetroTex Association of Realtors
The National Association of Realtors has good taste, that’s for sure, as the organization has selected Ebby Halliday Realtors president and CEO Mary Frances Burleson to receive the 2013 Distinguished Service Award — the highest award a Realtor can receive. Burleson was recognized by NAR chief Gary Thomas for her service at the Realtor Conference…
Read More“In the fall, Texas Realtors usually start to catch their breath as the summer selling season draws to a close, but not this year,” said Shad Bogany, chairman of the Texas Association of Realtors. “Demand for Texas homes remains strong, keeping buyers and sellers in the market, and Texas Realtors, busy.” We couldn’t have said…
Read MoreWe talk about how valuable staging is when marketing a listing, and for Suzy Echols Neal of Nathan Grace Realtors, she’ll get all of the value without forking over a dime! Neal won a complete staging and photography package at the MetroTechies conference Wednesday in Grapevine. Neal was thrilled to find out she’d won the…
Read MoreWhat are those things on the shelves behind Jennie Ling and Virginia Cook? Any agent under age 35 may NOT know what they are. Old MLS Books! Yes, boys and girls, back in the days of ice cube trays, garages you had to open yourself, and pay phones, these books were how you looked up…
Read MoreI spoke to MetroTex Association of Realtors MLS Director Cathy Faulkner yesterday about “Z sales” coming to an end. In the luxury market, “Z sales” gave lofty sales prices a sense of anonymity.
I won’t bore you with the technical details of what a “Z sale” is exactly. Check out this site for a primer on the practice. The gist is this: sellers who were gun shy about disclosing what they paid for a home listed on MLS put a “Z” instead of a big number followed by a lot of zeroes.
Dallas Realtor Jeff Duffey says the death of the practice “will never affect approximately 99% of the real estate market areas throughout North Texas.” However, he estimates roughly 20 percent of the sales in high-end neighborhoods such as the Park Cities, Preston Hollow, and Turtle Creek are “Z sales.”
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