Uptown (Dallas, TX)
Uptown (Dallas, TX) Real Estate News
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Home sales in the Dallas Uptown area were up 24% in June 2014
Bob Baesmann, DFW Team Realty | 972-978-8800 ( DFW Team Realty)

Home sales in the Dallas Uptown including Oaklawn and Turtle Creek area were up 24% in June 2014 compared to last year, with 158 homes selling this month. So far this year, overall home sales have an increase of 2%, with 689 homes sold. New Dallas Uptown including Oaklawn and Turtle Creek area real estate listings decreased 28% from last year, with 138 homes listed this month. For the year-to-date, home listings have decreased 9%, with 982 homes listed. The number of current listings under contract this month was down 4%, at 138 homes. Listings under contract for the year-to-date have increased 0%, with 774 homes under contract. Click here to view homes in Dallas Uptown including Oaklawn and Turtle Creek area.

Dallas Uptown including Oaklawn and Turtle Creek area Home Values Report

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How To Save Money Moving Into Your New Uptown Dallas Condo
Tim Stoll, Results that Move You (Keller Williams Urban Dallas)

Uptown Dallas Condo

 

Moving to a new Uptown Dallas condo can be very stressful, and unexpected moving costs can make it worse. It’s hard to budget for the unknown. But, with a little planning, you can have the extra cash on hand for those surprise expenses.

Start finding moving supplies well in advance of your moving date. Waiting until the last minute may find you frantically searching and ultimately paying more than you needed to.

Save Money On Boxes

Moving boxes from a retail store or moving company can cost a few dollars per box. By the time you have packed your whole Dallas condo, you could be out hundreds of dollars. Instead, try these money saving ideas:

  • Look on your local Craigslist for low-cost or free moving boxes. Most people will let you have them for free just for getting them out of their way.

  • E-bay is another good place to look for cheap moving boxes. Remember to factor in shipping costs before making a purchase.

  • If you can’t find any boxes online, you can check with your local grocery store. They are always unpacking shipments and usually have an assortment of boxes that you can pick from.

Save On Packing

It’s convenient to hire a Dallas moving company to pack your belongings. But, the added expense of using their boxes, packing supplies and labor can really add up. You may find that the costliness will motivate you to do the packing yourself.

Don’t spend a lot of money on packaging materials. Newspaper is great for cushioning breakables, like dishes and wine glasses. You can even use your clothing, bedding and towels to wrap delicate items. And socks can fill up extra spaces in boxes just as well as styrofoam.

Save On A Moving Van

Before you pay a lot of money to rent a moving van, check with your family and friends. A trailer or a long-bed truck is good for moving most everything. Offer to pay them for the gas. It will still be cheaper than renting a U-Haul.

By following these suggestions, you can save yourself big bucks moving to your new Uptown Dallas condo.

Are you ready to make your move to a new Uptown Dallas condo? I can help you find the perfect location, amenities and get it at the best price. Call me today at 214-868-2959 or email me at timstoll@kw.com

Tim Stoll Dallas Real Estate

 

 

Tim Stoll of
Keller Williams Urban Dallas | Results that Move you.
214.868.2959 | thinkdallas.com

Tim Stoll of Keller Williams Urban Dallas

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Uptown Dallas Rental Property: Investment Idea Worth Pondering
Tim Stoll, Results that Move You (Keller Williams Urban Dallas)

 

Investment Idea with Legs: a Dallas Rental Property

Dallas Rental Property

When any investor first begins to mull over the idea of acquiring a rental property in Dallas, it’s usually in competition with an array of other investment types—each with its inherent plusses and minuses. Some of them are new ideas (new technology company stocks; new forms of commercial exchange)—but real estate is definitely not one of those. It may not be innovative, but being a landlord has always been one of the leading sources of passive income.  

What is exciting about rental property is why it has always been recognized as a sound investment. When the income from an Uptown Dallasrental property is able to pay for its own underlying mortgage, it self-propels its growing equity. The rental property’s investment value grows as the loan is paid down month by month, year after year. Added to that is any appreciation in its market value. 

And with the best Dallas rental property scenario, when rental income exceeds mortgage and other expenses, it will even throw off an extra income stream. Needless to say, choosing the right rental property in Uptown Dallas is worth the effort! Much of that effort involves making a serious effort to map out and project values, income and expense: 

  • Neighborhood: Consider how the overall desirability of the neighborhood is likely to affect its appeal to tenants. Are there attractive amenities like parks, shopping and entertainment venues? What do the local classified ads reveal -- is the area’s vacancy rate high or low? How do rental prices compare with adjacent neighborhoods? 
  • Project Ancillary Expenses:  Determine the historical property tax rates, and what future rate changes are being proposed. Likewise, investigate insurance costs and roll both expenses into your total monthly expense projections. You want to be sure that they are low enough that you can still make a profit from the rental. 
  • Local Dish: Expert advice from Investopedia is for prospective landlords to speak with renters as well as homeowners in the neighborhood. It’s a good point: “Renters will be far more honest about the negative aspects of the area because they have no investment in it.”
  • Crime:  Crime-prone neighborhoods can have higher turnover and longer vacancy rates, so a bargain purchase price may be less of a bargain than you’d hope.
  • Commute:  Is the property a long commute from the commercial center of town, or a quick drive? Is there public transportation? Many prospective tenants begin their housing search with their workplace as the center point. Renters will consider this before signing a lease—and you should before signing your offer!

 

Uptown Dallas Rental Property Investments—They’re Out There!

 

 

If you are thinking of looking at rental property in Dallas this summer, they’re definitely out there. Call me today to discuss some of the many opportunities!

Tim Stoll of
Keller Williams Urban Dallas | Results that Move you.
214.868.2959 | thinkdallas.com

Tim Stoll of Keller Williams Urban Dallas

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Home sales in the Dallas Uptown were down 7% in May 2014
Bob Baesmann, DFW Team Realty | 972-978-8800 ( DFW Team Realty)

Home sales in the Dallas Uptown including Oaklawn and Turtle Creek area were down 7% in May 2014 compared to last year, with 150 homes selling this month. So far this year, overall home sales have a decrease of 5% , with 524 homes sold. New Dallas Uptown including Oaklawn and Turtle Creek real estate listings increased 5.5% from last year, with 191 homes listed this month. For the year-to-date, home listings have decreased 6%, with 840 homes listed. The number of current listings under contract this month was down 5.1%, at 169 homes. Listings under contract for the year-to-date have decreased 3%, with 616 homes under contract. Click here to view homes in Dallas Uptown including Oaklawn and Turtle Creek.

Dallas Uptown including Oaklawn and Turtle Creek Home Values Report

Register online for monthly home value updates on your city and neighborhood, automatically emailed to you.

 
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Home for Sale or Not, Spring is Time for Simple Renovation
Tim Stoll, Results that Move You (Keller Williams Urban Dallas)

Simple Tips for Renewal (Without Breaking the Bank!) 

Beyond Spring Cleaning: Inexpensive Renewal Ideas

With spring in the air, you don’t have to have your Uptown Dallas home for sale to catch the spring cleaning bug. Whether or not you’ve been cooped up inside for a longer-than-usual siege of the wintertime blues, as soon as the weather turns the corner, there seems to be a natural urge to open the windows and start freshening your place up.

Spring also brings the traditional hot selling season, and if you’re among those getting ready to list your own home for sale to take advantage of it, you’ll want to add extra attention to the traditional cleanup. Home for sale or not, you can channel some of your annual sprucing-up energy with one of these light renovation ideas. Each can add new zest to your living areas without breaking the bank: 

  • If you want to liven up your kitchen or bathroom but don’t want to shell out for the full cost of replacing the cabinets or doors, consider what simply changing the hardware would do. Take a trip to the hardware department, pick out a sample knob or pull, then test what the change would look like. Sometimes this simple transformation adds a surprising degree of sparkle!
  • If your lighting fixtures are looking a bit dated and dingy, one simple fix is to buy new lampshades. Replacing a whole lamp is expensive and often unnecessary—and new shades can make a much more resounding impact, anyway. If you are planning to put your home for sale on the Uptown Dallas market anytime soon, best opt for white or cream. Keeping the look bright yet neutral gives you a proven selling advantage.
  • In any room where years of wear and tear have created smudges that no amount of elbow grease can remove, think about painting with a change of color.  It may be a bit more ambitious and costly, but whether you hire pros or do it yourself, the result can make you feel like you’re in a whole new home. As with the lampshade selection, resist the temptation to get overly exuberant and creative: choose neutral color combinations.  
  • If new furniture is not yet called for (or beyond this year’s budget), consider calling in the pros for some upholstery cleaning; then adding new accent pillows.  If your existing pillows are in good shape, sometimes just a few new pillow covers can freshen up a room’s whole look. Designers sometimes recommend picking just one bright color and keeping with it throughout the house.

You don’t have to be planning to list your home for sale in Dallas to make 2014’s spring cleaning efforts a self-satisfying success. And if you’re planning to list, I have a host of other preparation tips…and a marketing plan designed to bring top results! 

Uptown Dallas Real Estate

Tim Stoll of
Keller Williams Urban Dallas | Results that Move you.
214.868.2959 | thinkdallas.com

Tim Stoll of Keller Williams Urban Dallas

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Home sales in the Dallas Uptown area were up 41% in February 2014
Bob Baesmann, DFW Team Realty | 972-978-8800 ( DFW Team Realty)

Home sales in the Dallas Uptown including Oaklawn and Turtle Creek area were up 41% in February 2014 compared to last year, with 90 homes selling this month. So far this year, overall home sales have an increase of 32%, with 154 homes sold. New Dallas Uptown including Oaklawn and Turtle Creek real estate listings decreased 16% from last year, with 136 homes listed this month. For the year-to-date, home listings have decreased 21%, with 276 homes listed. The number of current listings under contract this month was down 25%, at 87 homes. Listings under contract for the year-to-date have decreased 3%, with 198 homes under contract. Click here for the Dallas Uptown including Oaklawn and Turtle Creek Home Values Report.

Dallas Uptown including Oaklawn and Turtle Creek Home Values Report

Register online for monthly home value updates on your city and neighborhood, automatically emailed to you.

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Rise in Uptown Dallas Real Estate Prices Cause Dominos to Rise
Tim Stoll, Results that Move You (Keller Williams Urban Dallas)

That Dallas real estate prices have been on the rise for a while is certainly one factor that has coaxed some of the more cautious buyers off the sidelines. It’s made the market a much more lively (and happy!) place than it was a few years ago—and forecasters are fairly uniform in predicting continuing growth, though at a less overheated pace.

Azure Dallas High Rise Luxury Condominiums
For those who are even more cautious, the question remains whether property values and the Uptown Dallas real estate prices that reflect them are likely to hold up over the long haul. They may know that, historically, homeownership has proven to be one of the most reliable investments, but the memory of that financial meltdown from a few years back can be hard to get over…


They may be taking heart from an article I ran across earlier this month which is bound to boost confidence in the future of Dallas’s real estate prices. It was in a weekday edition (February 4) of The Wall Street Journal. Stretching all the way across the top of the U.S. News page was this headline: “Homeowners Acquire a Taste for Remodeling,” over the subhead “Projects Pick Up, to the Tune of $130 Billion in 2013, as Property Values and Equity Rebound; Sign of Market Confidence.”


The article had the expected chart and graph supporting the Journal’s optimistic takeaway depicting “Building Momentum.” Too, there was an illuminating quote from Moody’s Analytics. Moody’s reported an 18% leap in home equity lending—further evidence of the strong rise in home values (banks lend against equity, after all). That, WSJ pointed out, is the root of the steep increase in remodeling activity, because when people have confidence in underlying values, they decide it is worth investing in upkeep and improvements.


It’s cause and effect—sort of like a domino chain, but in reverse. The first domino picks itself up, attracting the second, and suddenly all the dominos are back upright.
The Journal summed it up: “If home prices are going up and people have more equity in their home, things like remodeling and refurbishment will do well, because it’s effectively the way of playing the reinvestment game.”


For Dallas contractors and tradesmen, this is a game they’re happy to see resume. And for cautious prospective homeowners who’ve been watching from the sidelines, it’s a good reason to give me a call. Uptown Dallas real estate prices look like they still have a way to go: there are some great bargains out there!

Tim Stoll of
Keller Williams Urban Dallas | Results that Move you.
214.868.2959 | thinkdallas.com

Tim Stoll of Keller Williams Urban Dallas

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