Intown Dallas Real Estate, Neighborhoods and Community News

 Follow Alan Smith, the Owner/Broker of Alan Smith Realtors, as he discusses current market statistics for home buying and selling.  The best and worst of Dallas' most popular and prestigious intown neighborhoods.  Plus hot topics for buyers and sellers of real estate from Alan's 25+ year perspective. 

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Oct. 20, 2016

Lake Highlands Market Update

Alan Smith Realtors | September 2016 Lake Highlands Real Estate Market Update

Hi, I'm Alan Smith the owner/ broker of Alan Smith Realtors providing you a “hassle free” real estate experience through written guarantees.   

I'm bringing you the September 2016 Market Insider report for the Lake Highlands area.  Click the photo to watch the video.

This is a beautiful in-town area northeast of downtown Dallas.  One of it’s popular neighborhoods is the L Streets.  If you are not familiar with Lake Highlands,  I would be glad to show you why I believe it is one of the best places in Dallas to live.  

The current market information I’m providing is for single family resale homes and is based on data from the North Texas Real Estate Information Systems which is our local MLS.  This data shows a 2.5 month supply of single family homes for September. With 6 months indicating a balanced market we are still in a strong seller’s market.   There were 138 single family homes for sale in September.  We are currently averaging about 49 days on market.  With the Days on Market low and the tight home inventory our average sales price continues to be driven up in the Lake Highlands area to $388,481.  Be sure and Continue to the end of the video to see the slide with all the market stats for Lake Highlands! 

So if you are thinking of buying or selling I will be glad to help you navigate this dynamic market!  If you would like immediate navigating this dynamic market call me at 214-347-9023. 

Or maybe you are just getting started then go to SearchIntownDallasHomes.com to get Instant Access to All the Homes for sale just like a Realtor. 

See you next month, And remember at Alan Smith Realtors we don't just promise you excellent service we guarantee it in writing! 

 

 

Posted in
Sept. 30, 2016

7028 Coronado Ave. Dallas TX 75214

Alan Smith Realtors | Another one SOLD!!!!

 

This spacious Greg Young Custom home is nestled in the desirable Gastonwood/

Coronado Hills neighborhood of Lakewood along a quiet tree lined street.

The home includes 4 well sized bedrooms, recent updates and many custom finishes

including warm rich hardwood floors, neutral stone tile, granite counters, modern lighting,

a stylish kitchen with stainless appliances, luxurious spa inspired bath and more. Enjoy

the fun treehouse themed gameroom/play area or relax on your covered outside living

space which overlooks the fenced backyard and 2nd fireplace. Superb location includes

Lakewood Elementary or Mata Montessori, private school choices, nearby Lakewood

country club, White Rock Lake, shopping and restaurants.  

 

 

Posted in Homes For Sale
Sept. 26, 2016

6 Costly Mortgage Mistakes #1 of 6

Alan Smith Realtors | Avoiding the 6 Costly Mortgage Mistakes

As an active Realtor® and broker for over 20 years I have guided hundreds of buyers in the buying process and I have discovered 6 of the biggest mistakes I believe homebuyers make when getting a mortgage!

Watch the video to discover costly mistake #1 or continue reading below.

With the mounting changes in Mortgage regulations over the past few years it's imperative you know how to structure your mortgage properly and avoid costly mistakes.  

So whether you are a 1st time buyer, downsizing or simply looking for a change, it is critical that you learn how to avoid these mistakes. 

Today I want to talk with you about costly Mistake #1, not being pre-approved for a mortgage.

You can and should be pre-approved for a mortgage before you start to view potential homes! The pre-approval process is easy but don't risk wasting your time with a verbal phone approval or pre-qualification  You should have a written pre-approval letter from one of our local mortgage professionals that states the specific loan amount, interest rate and program details you are qualified for.

To learn more on how to avoid these 6 big mortgage mistakes watch for our next blog post on this topic.  For immediate help call me at 214.347.9023

Posted in
Sept. 19, 2016

How Accurate Is That Listing Information?

Alan Smith Realtors | How Accurate Is That Listing Information?

Well I’m usually not shocked by what I read in Realtor, the magazine for Realtors ®. 

I believe I stay on top of what is happening in my industry.  After all, I read Active Rain the real estate blog by other Realtors®, Realtor magazine, on-line chats, books and I am in The Realty Classroom a coaching group of agents from around north America.  So I believe that I know what’s happening.

That is until I read the article in the March/April 2013 edition of Realtor.  The article entitled What’s Your Data Source? Quotes Curt Beardsley, vice president of product marketing for REALTOR.com.  He said, “that his company blocks 1.5 million information “scraping” websites per day.“  That’s 1.5 million per day!

You can watch the video on this topic by clicking the photo below or continue reading.

He goes on to say that there is huge marketplace of code scrapers and that “about 900,000 new scraping IP addresses and codes debuted in December 2012.”  That just amazes me. I know that all this may be a little geeky but hold on just a minute more to see how this affects you.

The article goes on to quote Jay Thompson, director of industry outreach and social media at Zillow.  He acknowledged in the article “the issues caused by the site’s “zestimates,” may give consumers unrealistic ideas of property values.”

So how does this affect you?  Well it does, it’s stealing our content from big sites like REALTOR.com to my websites and postings and all the other marketing I do and on and on.  Then providing you the consumer with volumes of information that’s inaccurate and obsolete.

This was brought to my attention when I recently had a buyer client who sent me 6 active homes that she wanted to go see.  She had found them on one of the big real estate aggregators.  When I pulled them up on the MLS 3 had already been sold or were under contract, 1 had never been on the market but was showing for sale and the other 2 were available.  That’s a pathetic 33% accuracy.

I had a seller prospect call me last month about possibly selling his home.  He wasn’t sure that he could.  When I inquired further he said that he had gone on-line and found that his home value was estimated to be about $180K to $190K.   I scheduled an appointment to review what was currently happening in his neighborhood and he was shocked to find that in it’s current condition his home would sell for about $219,000 and if he did a few things I recommended it could bring between $245,000 to $255,000.

As Jay Thompson pointed out in the article “a piece of software cannot consistently determine the exact worth of properties in all situations and settings.”    Which is to say that these aggregators of data and Automated Value Models (AVM's), all this technology cannot factor in the condition of a home, timing and motivation of buyer/seller and current market trends.

You are probably asking, thenHow can you get accurate and up-to-date information and data?  It’s very simple, find you a full-time, experienced Realtor®.   We have access to the most accurate, local and up-to-date information to help you the consumer make the best decision for you.

If you are considering a move in the Lakewood/ East Dallas area in the next 3 to 6 months contact me at 214-347-9023 so that I can help you navigate this fast moving market.

You can also search homes for sale or find out what your home is worth by going to SearchIntownDallasHomes.com   And remember at Alan Smith Realtors we don't just promise you excellent service we guarantee it in writing!  

Be sure and follow our blog so you can stay informed about Dallas' most popular intown neighborhoods.

Posted in
Sept. 17, 2016

August 2016 Lakewood/East Dallas Market Update

Alan Smith Realtors | August 2016 Lakewood/East Dallas Real Estate Market Update

I'm bringing you the August 2016 Market Insider report for The Lakewood/East Dallas area.  Click the photo below to view the video.

This is a vibrant area  Incorporating some of Dallas’ most popular and prestigious intown neighborhoods, like Lakewood Hills.   If you are not familiar with this area I would be glad to show you why I believe it is one of the best areas in Dallas to live.   

The current market information I’m providing is for single family resale homes and is based on data from the North Texas Real Estate Information Systems which is our local MLS.  This data shows a 2.5 month supply of single family homes for August. With 6 months indicating a balanced market we are still in a strong seller’s market.  There were 378 single family homes for sale in August and we are currently averaging about 36 days on market.  With the Days on Market low and the tight home inventory our average sales price continues to be driven up in the Lakewood/East Dallas area to $473,207. Be sure and Continue to the end of the video for a slide with all the market stats for Lakewood/East Dallas! 

If you would like immediate help navigating this dynamic market call me at 214-347-9023. 

Or maybe you are just getting started then go to SearchIntownDallasHomes.com to get Instant Access to All the Homes for sale just like a Realtor. 

See you next month, And remember at Alan Smith Realtors we don't just promise you excellent service we guarantee it in writing! 

Posted in
Sept. 16, 2016

August 2016 Lake Highlands Market Update

Alan Smith Realtors | August 2016 Lake Highlands Real Estate Market Update

Hi, I'm Alan Smith the owner/ broker of Alan Smith Realtors providing you a “hassle free” real estate experience through written guarantees.   

I'm bringing you the August 2016 Market Insider report for The Lake Highlands area.  Click the photo below to view the video.

This is a beautiful intown area northeast of downtown Dallas.  One of it’s popular neighborhoods is Royal Highlands.  If you are not familiar I would be glad to show you why I believe it is one of the best places in Dallas to live.   

The current market information I’m providing is for single family resale homes and is based on data from the North Texas Real Estate Information Systems which is our local MLS.  This data shows a 2.2 month supply of single family homes for August. With 6 months indicating a balanced market we are still in a strong seller’s market.   There were 129 single family homes for sale in Augustand we are currently averaging about 28 days on market. With the Days on Market low and the tight home inventory  our average sales price continues to be driven up in the Lake Highlands area to $371,926.  Be sure and Continue to the end of the video to see the slide with all the market stats for Lake Highlands!  

If you would like immediate help navigating this dynamic market call me at 214-347-9023. 

Or maybe you are just getting started then go to SearchIntownDallasHomes.com to get Instant Access to All the Homes for sale just like a Realtor.  

See you next month, And remember at Alan Smith Realtors we don't just promise you excellent service we guarantee it in writing!  

 

Posted in