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Real Estate Update |
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Spring 2009 |
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Marketing Properties of Quality and Character |
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Bud Bush |
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214-451-0457 dir |
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214-550-2703 fax |
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| 9430 Hathaway |
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How's the Market? |
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The Dallas real estate market is in the midst of a correction for sure. The good news is that our correction won't be as deep or last as long as in areas across the country that have experienced huge spikes in price appreciation over the last five years. With our modest growth through this market cycle, we will experience a more moderate adjustment in prices and a much quicker recovery. As the rest of the country begins to trend upward, with national earnings reports, consumer spending and corporate sales showing definite signs of improvement, we will see local sectors following suit this year. |
Social Networking for Homes
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Have you been pinged or tagged yet? It is heading your way. We are beginning to see the latest technologies encompassing the real estate business: blogs with the latest new listings, Facebook pages highlighting realtors and properties and Twitter announcements about open houses. What started out as a social medium for the hipsters has expanded as a venue for marketing and networking professionally.
Why not be able to find out all you want about a company or a property with one click and no scrolling? Dave Perry-Miller and Associates is incorporating video to do just that. Preview a recently filmed snapshot on our company:
Dave Perry-Miller VideoEveryone seems to love to create and share YouTube videos of everything from silly pet tricks to dramatic rescues. With video cell phones, anything anywhere is subject to being captured. We have decided to capture some of our best available properties on video. Check out our latest offering in the Creeks of Preston Hollow offered for $7.9 million: 10731 Bridge Hollow Ct
With faster internet speeds and consumer friendly technologies, marketing and networking are easier and more affordable than ever.
Best Time to Buy
I haven't seen a better time to buy a house in my twenty years in real estate, and there hasn't been a better time to buy in many of our lifetimes. Interest rates are at their lowest levels in decades. The conforming market is hot, and a loan can be secured in the mid four percent range. We have great resources for competitive jumbo mortgages (over $417,000) as well. Home prices have adjusted downward to 2005 levels, and with the national economy beginning to stabilize, it is quite possible that we are at the bottom of the market, price wise. Further, there is an outstanding variety of homes on the market from which to choose. Buyers today are able to find their favorite homes in a few short trips due to the abundance of offerings in this spring market.
Many investors are shifting their portfolios to include rental properties. With the low interest rates and prices, rental properties cash flow better than ever. One rental property can fund a college education over time or provide great income for retirement.
Tax Protests
I am getting daily requests for recent
home sales data from clients wanting to protest their latest tax
assessment. No problem, and the time is now to gather the info and
appeal prior to the end of May.
Better yet, stay on top of the latest listings and sales in your
neighborhood with automatic email updates.
I'll be happy to set it up for you. Call me or shoot me an email if you
are interested.