Category Archives: Greenway Parks / West Highland Park

Dallas real estate

We love architecture, we love people, we love homes … Especially this one!

Dallas, Texas has many great neighborhoods. One of the unequivocal favorites is Greenway Parks. This video gives you a peek inside a sprawling storybook traditional home that we recently listed on the greenbelt in Greenway Parks. More photos and details at sothebysrealty.com

5347 Montrose Drive Dallas, TX 75209

To learn more, or to set up a private showing, our contact information is online at beckyfrey.com

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Filed under About my business, architecture, Greenway Parks / West Highland Park, Interior Design, Marketing, Video

Helpful Tips to Protest Your Property Taxes

The right to protest to the Appraisal Review Board is the most important right you have as a taxpayer. Below is an email we received from our client, Joe H., after he successfully protested his property taxes. Thanks for your advice Joe!

Appraisal Report
Becky and Shelle,

The hearing this morning was a success. I was able to get the appraisal board to reduce the market value on the house by $30,000. I am happy for the results considering that we did buy it at the end of the year at a high point of a good sales market. The board members did comment on how surprised they were at the amount of reduction from the appraisal district so that was a good sign and also gave me some pointers for next year.

A few things that I learned in the process that might be valuable for others going through a similar process:

1. Check the building class compared to other houses in the neighborhood. In DCAD they had our house classified as as Class 23 – all of the other houses on our street were classified as a Class 21. When I read the definitions, I noticed that our house did not technically fall into a Class 23 definition and that was a focal point of my case because this affected their value. I may have them come out and review this for next year because they still kept it at 23.

2. Challenge the stated “Condition”. Because of our sale price, the DCAD system automatically adjusted the condition to “Very Good”. I was able to provide evidence that it was in AVG / GOOD Condition. They were able to adjust this.

3. Get sales comps from your Realtor®. The sales comps that you provided were perfect and I used the ones in my immediate neighborhood with similar sq footage. I used total of six: They only used three of the highest values for their appraisal. It was nice that I could show more comps to challenge the avg $/sq ft.

4. Take photos of all problematic areas, including dirt or rust. I took pictures of all things that were problematic around the house, however I wish I still had interior pictures from before we came in and painted and cleaned up. The board did comment that seeing some interior pictures would have helped for better challenging the classification. My advice for new owners is to take pictures before any cleaning, or any updating is preformed.

5. Take photos of existing amenities, appliances, equipment. They also asked about the pool, being that it was almost 30 years old, If I had taken pictures of the pool and equipment condition, I perhaps could have gotten them to reduce the “additional improvements” (pool) a little bit.

6. Create a itemized list of needed repairs and estimated costs. The other thing that they asked for, which I did not have because I wasn’t using as supporting evidence, was an itemized list of needed repairs and vendor estimates. I did have a list of house issues but did not have any official cost estimates. It seems like they might have used that in consideration for value if I could have provided it.

7. Make five (5) color copies of your presentation, including photos. There were three board members and a DCAD appraiser. Even though they scan everything into the system for evidence, it would have helped if I had extra copies of my evidence for all of the board members. I also did not bring in any pictures because they had previously scanned these into the system when I went for the informal meeting last month. They did display them on the projector screen but they were hard to make out. I wish I had known and would have brought extra copies for all to share.

In all, it was a great experience and I am happy with the results and I also saved by not paying a tax group to protest for me.

Thanks again for all of your help!

Joe

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Filed under About my business, Bluffview / Devonshire, Downtown / Uptown, Greenway Parks / West Highland Park, Highland Park / University Park, Lake Highlands, Lakewood / Forest Hills, Marketing, Oak Cliff, Press & News, Preston Hollow area

As seen in Highland Park Village Theatre …

Celebrate extraordinary in this video tour of some of Dallas, Texas’s most stunning homes on the market.

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May 2, 2013 · 3:59 pm

Community Banks Turning Trend – Outdoing Megabanks

The bad economy frightened us all. It caused everyone to become uncertain about banks of all sizes.

Now that the statistics are better, and everyone is recognizing more stability in the economy, we are seeing more confident, eager buyers in the residential market. However, new frustrations have emerged regarding the timeliness of closing a home – Closings at the big banks seem to have become a tedious process of approvals and delays.

Megabanks are becoming less and less popular due to the longer processing times required to close loans. There is new information showing that the employees who left small banks to find stability in megabanks are returning again. Why? Because they are able to get to closing faster. Efficiency is a good thing for everybody in a transaction.

The newest challenge is in finding a lending institution that can bring your home to closing in the timely fashion that you were accustomed to before the bad economy.

Sometimes it is easier to use local lending institutions for mortgages. Not only do they have the ability to help you close on your home faster, they also specialize in relationship banking.
Here are a few that I recommend in the Dallas area:

Mary Dinkins
Cornerstone Mortgage


Lisa Peters
Shelter Mortgage


Paige Nash & Mike Rideau
American National Bank – formerly Dallas National Bank


John Cowden
Inwood National Bank

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Filed under About my business, Bluffview / Devonshire, Downtown / Uptown, Financing, Greenway Parks / West Highland Park, Highland Park / University Park, Lakewood / Forest Hills

Download 2010 Market Reports – Free Information from Real Estate Center

Do you need to know what the population breakdown was last year in Fort Worth? How about the cost-per-acre of development land in Corpus Christi? Curious about how the number of residential building permits in Dallas last year compared with those in previous years?

You’re in luck.

The Real Estate Center’s 2010 Market Reports, now available on the Center’s website, contain this information and so much more.

A report is available for each of Texas’ 25 Metropolitan Statistical Areas. I have downloaded the Dallas-FortWorth-Arlington report and I’m studying it now.

Texas Market Reports

Click here to download market reports

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Filed under About my business, Bluffview / Devonshire, Downtown / Uptown, Greenway Parks / West Highland Park, Highland Park / University Park, Lakewood / Forest Hills, Oak Cliff, Press & News, Preston Hollow area, Schools, Suburbs

In Dallas, High-End Home Sales Up

DALLAS (Dallas Morning News) – Sales of luxury homes increased between 20 and 60 percent in neighborhoods areawide in first quarter 2010.

First quarter sales of million-dollar homes in North Texas rose 23 percent from first quarter 2009, and sales of houses priced between $800,000 and $900,000 were up 56 percent.

The largest gain in home prices was in East Dallas, where prices were up 23 percent from March 2009.

By neighborhood, Multiple Listing Service (MLS) reported that sales of previously owned homes in Park Cities shot up 80 percent and more than 50 percent in North Dallas. Other big increases were recorded in Westlake, and in northeast and northwest Dallas.

MLS data showed a 28 percent decline in home sales in DeSoto in the first quarter, while sales fell 25 percent in Duncanville, 20 percent in Lancaster and 19 percent in Cedar Hill.

The Collin County Association of Realtors reported that its March listings were at the highest level in two and a half years. Meanwhile, the county reported the highest number of homes under contract since July 2008.

RECON April 27, 2010 – The Real Estate Center is part of the Mays Business School at Texas A&M University in College Station.

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Filed under About my business, Bluffview / Devonshire, Greenway Parks / West Highland Park, Highland Park / University Park, Press & News, Preston Hollow area, Suburbs

Good news for Dallas real estate as we end 2009

Decline slows in Dallas-Fort Worth area home prices | Dallas Real Estate News | News for Dallas, Texas | Dallas Morning News.

Dallas News

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Filed under Bluffview / Devonshire, Downtown / Uptown, Greenway Parks / West Highland Park, Highland Park / University Park, Lakewood / Forest Hills, Press & News