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Highland Park, TX Real Estate News

By Lynn911.com ~ Dallas Real Estate Agent Top Team
(Dallas Houses for Rent Dallas Apartment Rentals Lynn911.com )
Of course we all knew this however Forbes post Highland Park homes , University Park homes, as one of the top suburbs to live well.  In the brief article is also reference Plano homes. In the article reference about Highland Park ISD.  YEAH ! Direct Link ~ ~ ~ ~~ ~ ~ ~ ~ ~ ~ ~ ~~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~~ ~ ~ ~ ~ ~~ ~ ~ ~ ~ Lynn 911 Dallas Top Real Estate Team Dallas homes for sale, Over 4,000 Dallas home foreclosures, Dallas homes for rent, Dallas Real Estate Website:  http://www.lynn911.com Email:  911@lynn911.com Dallas real estate office:  972-699-9111 Dallas apartments for lease, Dallas apartment rentals   Dallas homes for sale, Dallas home foreclosures for sale, Dallas houses for sale, Dallas house foreclosures, Dallas foreclosures, Dallas ISD, Dallas REO Dallas homes for rent, Dallas ...
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By BILL CHERRY, Broker & Wealth Coach
(Bill Cherry, Realtor)
One of the things I do each morning is search the Multiple Listing Service to find and study each home that's listing has expired.  What happened to cause disappointment? With just the bare bones information that's given on the listing sheet, I try to figure out why the listing agent was unsuccessful in his quest to find a buyer.  Sometimes it is obvious right off the bat.  The home was seriously over-priced; in the photos that were given us it doesn't show well; the front of the home and the landscaping are bland; things like that. But more often than not, it looks like the home should have brought at least one successful contract, especially when we are talking about listing periods with the same agent that have run for four, six, nine months; frequently a year or more. There is only ...
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By BILL CHERRY, Broker & Wealth Coach
(Bill Cherry, Realtor)
You probably know about De Beers.  It's the privately held company that Cecil Rhodes founded in the late 1800s that virtually controls the exploration and mining of diamonds.  And by controlling their mining activity, they significantly influence the value of diamonds, including the one your son gave his bride-to-be for her engagement ring.They employ nearly 25,000 and their revenues exceed $7 billion a year.Recently they opened a small boutique gallery in Dallas' NorthPark very near Neiman-Marcus on the concourse to Barneys and Nordstrom.  If you are in Dallas, you must schedule a trip to see it because its store design concept is what appears to be a halogen white-light show, white-light reflecting off of the teeny slats of mirrored blinds that hang across the show windows.  White-lig...
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By BILL CHERRY, Broker & Wealth Coach
(Bill Cherry, Realtor)
When I was a child, Barneys New York was a very exclusive men's store, and by reputation, it was where the finest dressers bought everything, even their socks.  As the store found itself challenged by competition, it did what it should have done: it added courtier clothing for women, and it increased its number of stores.            Readers of the blogs I have posted here know that I have frequently expressed criticism of Barneys ownership and management because their maverick and often times silly window and store displays at their Dallas North Park Center location lacked merchandising logic and, therefore, did not encouraged enough customers to even begin to attain critical mass.             All in a town and in a similar location where they had had a prior store, a store that had per...
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By BILL CHERRY, Broker & Wealth Coach
(Bill Cherry, Realtor)
 Many retired as well as many disabled people do not file annual income tax returns because they are not required to.  Primarily it's those people who have little to no income other than their Social Security benefits; those people who would not owe federal income tax.Apparently the IRS has not figured out a way to identify them when the one time tax rebate is sent out beginning this May.Be sure your elderly relatives and friends are aware of this.  They will need to at least file the short form by April 15th.  If anyone can use this rebate, it is they. BILL CHERRY REALTORSDALLAS, TEXAS214 503-8563
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By BILL CHERRY, Broker & Wealth Coach
(Bill Cherry, Realtor)
Finding a decent print shop to do small potatoes orders like mine is never easy.  More often than not, they fail to meet the agreed deadline, the prints are not clear and crisp, or they want an arm and a leg for the work.  And in days past, many had their own personal wars with their whiffs of the ink.  Seemed to make them a bit irrational from time to time.By a hit, miss and by-golly method, I found Minuteman Press on Sherry Lane just off of Northwest Highway between Preston Road and Douglas Avenue.  It's owned by graduate engineer Eric Pirpich who bought it for a career change when he decided he's had enough of engineering.We discovered in our first meeting that through some odd and round-about genealogy, he and I are probably kin -- kin on the Cherry-side.Well Cousin Eric prints my m...
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By BILL CHERRY, Broker & Wealth Coach
(Bill Cherry, Realtor)
By Dallas Realtor-Broker Bill CherryBILL CHERRY REALTORSOur 43rd Year Selling Homes for TexansI want to speak with you today - home sellers and Realtors - about spring time and home sales.Irrespective of the other blips in the real estate market that come throughout the year, the season that always brings the most bounty is the spring.  It's when buyers and sellers are, for the most part, more amenable about making a deal and moving forward.  It's when sellers are more likely to get higher prices for their homes.There is no need for me to list the reasons here because you all know them.  But this year, it is reasonable to believe that the market is going to be more cautious, although there is really no need to be.  Nevertheless, you must address the reality.  This time it is especially ...
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By BILL CHERRY, Broker & Wealth Coach
(Bill Cherry, Realtor)
Old habits are frequently hard to break.  One that often shows up is the idea that one or two real estate companies or one or two real estate agents have all of the clients for a particular neighborhood.So rather than intellectually evaluate what they have to offer and how well it will benefit a prospective seller, the seller will default to "they sell all of the property around here," then list with one of them.If you're getting ready to go down that road, or if you already have and your home is sitting there unsold, you might get better results if you considered breaking that habit.  Interview several agents.  Pick the one who's enthusiastic about representing you, and who does not personally have a long portfolio of listings.  This is how you get the attention you'll need in this rat...
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By BILL CHERRY, Broker & Wealth Coach
(Bill Cherry, Realtor)
One of my competitors attracted a listing in my subdivision several months back.  I can't help but look at this package when I drive in and out.  As the listing has ticked along, a homemade lattice baffle around the air conditioning's compressor has blown over.  Day after day, it lies on the ground.  It's been just like that for more than a month.For periods of a week or more at a time, the agent's sign will sit with tall grass and weeds growing up the stakes.  Either he doesn't check or personally show his listing, or he doesn't see the need to spiff things up.  Could that be a reason the house remains unsold?About three months after he listed this house, I'll be darned if a neighbor a few doors down didn't list his home with him.  It, too, has joined the ranks of the unsold, day in an...
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By BILL CHERRY, Broker & Wealth Coach
(Bill Cherry, Realtor)
BILL CHERRY, REALTORSOUR 43RD YEAR SELLING TEXAS214 503-8563  COMPARATIVE SALES ANALYSISHIGHLAND PARK, TEXASDECEMBER 1, 2007 THROUGH FEBRUARY 29, 2008 DATA: Av. Sq Ft: 4,177;  Av. Price: $2,000,375;  Av. Days on Market: 193;  Av. Price/Sq Ft. $472.19             BRBthGar/Cp/TCPSqFt Blt CDOMList PriceSP %LPSold Date$/ SqFtSale Price3 2.1 0/0/0 2,492  1941  63 750,000  98 2/08/2008 294.94 735,000  3 3.1 1/0/1 2,412  1929  26 819,000  97 1/16/2008 330.00 795,950  4 3.0 2/0/2 3,216  1995  638 825,000  96 1/15/2008 247.20 795,000  4 3.0 0/1/1 2,904  1917  375 949,000  95 1/15/2008 309.92 900,000  4 3.0 2/0/2 2,916  1945  77 964,500  96 2/15/2008 318.93 930,000  4 3.2 2/0/2 4,334  2007  534 1,199,000  100 12/28/2007 275.67 1,194,750  4 3.1 2/0/2 3,320  1936  12 1,250,000  100 12/11/2007 376.5...
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By Bernice Edelman
(Keller Williams Elite)
The real estate market in Preston Hollow, Highland Park, University Park, Turtle Creek and the Downtown Dallas has always something promising to offer to its customers. Promoting a perfect blend of country Texas’ lifestyle and modern amenities, the places are perfect for relocation as well as home rentals. Each town has an extensive collection of home designs for homebuyers with varying needs and preferences. Also, with Bernice Edelman.com, homebuyers are given the chance to make a comparison of the neighborhoods in the areas to carefully select which community suits them best. Depending on your needs, Preston Hollow Homes & Real Estate has listings for condos, highrises, townhomes, apartments and urban lofts to cater to your lifestyle. Thus, it is actually a free apartment locator onli...
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By BILL CHERRY, Broker & Wealth Coach
(Bill Cherry, Realtor)
If you've eaten at TGI Friday's or seen any nostalgia movies or TV programs, or if you've listened to the various music programs broadcasted by the ABC Radio Network, you've been touched by my friend Bud Buschardt. Bud has one of the largest catalogued record collections in the world.  There are more than 100,000 of those babies.  They are in specially built open cases that line almost every closet in his home plus every wall -- floor to ceiling -- in his home control room that overlooks one of the most Tony neighborhoods of Dallas. It's from that enormous collection and that control room that Bud specially programs and supplies the music to them all.  And he has for years and years. And it was from the big ABC building near Dallas' Galleria that for many years Bud produced the programm...
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By BILL CHERRY, Broker & Wealth Coach
(Bill Cherry, Realtor)
  BILL CHERRY REALTORS9936 WINDLAKE CIRCLEDALLAS, TEXAS 75238214 503-8563HIGHLAND PARK RESIDENTIAL SALES REPORTAugust 1, 2007 through January 31, 2008  SLD - 66 Properties Found Square FeetBedroomsFull BathsHalf BathsList PriceSale PricePrice per Square FootDays on MarketMin0000$489,000$487,000$00Avg4127330$1,927,932$1,883,092$45682Max9019673$6,995,000$6,995,000$945431  The information for the above report was supplied by the Metrotex Association of Realtors' Multiple Listing Service.  We assume accuracy, but make no warranties.
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By BILL CHERRY, Broker & Wealth Coach
(Bill Cherry, Realtor)
Thanks for stopping by for our regular after church visit here in the park.  This is the last Sunday before Christians begin observing the traditions of Lent.  In case you don't have them marked on your calendar, here are the dates:Lenten Season Dates February 6 - Ash WednesdayMarch 16 - Palm SundayMarch 21 - Good FridayMarch 23 - Easter SundayESTATE SOLUTIONS.  Many people, as they get older, sell their homes and the other real estate they own.  What's interesting is that in many states by doing that probate becomes no longer a requirement.  Life insurance names the beneficiaries, bank accounts can be set up so that the balance of the account is payable to one or more beneficiaries upon the death of the accountholder (That's referred to as a "Payable on Death" clause), and finally, sto...
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By BILL CHERRY, Broker & Wealth Coach
(Bill Cherry, Realtor)
Dr. Ted Colson spent his entire teaching career at the University of North Texas in Denton.  At about 82, he is the last alive of those who taught me, and of course, you knowing me like you do, you know that he and I remain in regular contact.I come early to the park each Sunday so that I can gather my thoughts in a peaceful countenance before you get here.  It's the lesson that Dr. Colson taught me so many years ago.  The idea was to pull in karma before class so that my mind was ready to accept what would be in store for me.  This morning I realized that I do this without premeditating as to why I do.  And I had to dig deep to remember where I had learned it.Thanks for stopping by for our weekly Sunday visit in the park.  Have a seat here on the bench.  I've dried off the morning dew ...
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By BILL CHERRY, Broker & Wealth Coach
(Bill Cherry, Realtor)
PREFACEIn 1975 I read in "The New Yorker" about and bought a new book with an intriguing title:  Ethnic America by Thomas Sowell.  Dr. Sowell is a black man who, at forty-five, decided he was going to get to the bottom of why black Americans had, in general, not progressed as much as many of the other ethnic American immigrants.<<---Dr. Thomas SowellHe meticulously took every major group that had immigrated to America, and traced them from Day 1 to see what they had accomplished and how they had gone about doing it.  Each group was a separate chapter in the book.  It was fascinating.One of the things he said he learned through his research was this: "Blacks were not enslaved because they were black but because they were available. Slavery has existed in the world for thousands of years....
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By BILL CHERRY, Broker & Wealth Coach
(Bill Cherry, Realtor)
             IF YOUR AGENT DOESN'T KNOW AND FOLLOW THESE RULESI'D SAY IT'S TIME TO TELL HIM TO TAKE A HIKEBy Bill CherryOne of the things I've learned over and over throughout the years is the importance of following a thorough marketing formula.  That means cut no corners.  Modify nothing.              This morning I looked through the listings in neighborhoods that I am interested in, homes whose listings have expired since the first of the year.  Far more than half of them have been on the market for more than six months.  No reasonable offer.  No sale.            I studied the listing sheets, looked at the property tax rolls, did a quick CMA (Comparative Market Analysis), and in most cases I am totally convinced they didn't sell because the listing agent left marketing/advertising ...
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By BILL CHERRY, Broker & Wealth Coach
(Bill Cherry, Realtor)
It interests me how often listing agents are able to talk clients into one listing contract extension after another, when the agent's record so far has been a miserable failure.            Browsing some of the Dallas MLS expired listings from time to time, I am amazed at how many homes have been on the market, and with the same agent, for more than six months.              Often nine months to a year passes and the client will renew once again for another several months.            And frequently the listing has not been consequentially modified since it first went on the market.            It's a total case of Pollyanna, for goodness sakes!             With the exception of lots, raw land and commercial property, if the listing agent hasn't managed to get results within six months, it'...
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By BILL CHERRY, Broker & Wealth Coach
(Bill Cherry, Realtor)
It has long been the contention of a substantial percentage of professional real estate people that if something isn't selling, it's time to lower the price.  Homeowners should seriously question this recommendation from their agent.I have found that more often than not, that this is an incorrect conclusion and, therefore, a disservice to the client.  In other words, price is not the problem.If we assume that a well-compiled market analysis was done, using current and pertinent data when the home was entered into the marketplace, then it is illogical to conclude that the property hasn't sold because it is priced too high.What if, in fact, it is priced too low and isn't selling?  Does that still mean the price needs to be cut further, or could it mean that because of the too low price, t...
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