Author Archive

3405 SAINT JOHNS DRIVE – HIGHLAND PARK – DRAMATIC PRICE REDUCTION

Posted by    |    June 30th, 2011 at 5:15 am

3405 Saint Johns Drive – Highland Park – Texas

NOW $1,695,000

MLS 11322993

Reduced a full $230,000 from the original listing price, the home is now being offered at approximately $500,000 below the total cost when it was built from the ground up in 2004! (more…)

ARE DOCTORS KEEPING PATIENTS FROM HOME OWNERSHIP?

Posted by    |    June 26th, 2011 at 5:15 am

Mortgage lenders, Realtors, and their clients, too, are learning the power that the medical profession has over credit scores.

Many doctors’ groups, labs, hospitals and such expect their patients to instantaneously cough up whatever their medical insurance carrier doesn’t.

When there is even the slightest delay, they turn the account – regardless of the size of the balance that’s remaining – to a collection agency, and that occurrence is immediately reported to the credit agencies. (more…)

Many Texas Salespersons & Their Brokers Appear to Be in Noncompliance

Posted by    |    June 24th, 2011 at 5:15 am

For as long as I can remember, at least in the State of Texas, there have been real estate salespersons — those with a Texas Real Estate Salesperson License — who have done their best to imply that they have the same authority as those with a Texas Real Estate Broker’s License; that they own and operate their own real estate brokerage business.

The problem is that as a result the public is duped.

The Texas Real Estate Commission issued new regulations in an attempt to force licensed salespersons to adequately identify for the public the broker who is responsible for them.  Signs, business cards, print advertising and the like need to reveal that information.  (more…)

A DIFFERENT TWIST ON STAYING COOL CHEAP

Posted by    |    June 22nd, 2011 at 5:15 am

Just before we had a new high efficiency air conditioning system installed to replace the old one, I bought a window unit for our bedroom.

I figured that way, as long as we had power, we’d at least have one room to hibernate in when the big system was down.  Afte rall, you can’t see the thing from the street since the master bedroom is on the back side of the house.

Well, we discovered something interesting. 

We can turn the central unit off entirely before we go to bed, fire up the window unit, then close the bedroom door.  The house stays cool enough throughout the night and morning to keep us from having to turn the central unit back on until after lunch.

This savings has been dramatic.  I pass it on to you for your consideration.

BILL CHERRY, REALTORS

DALLAS – PARK CITIES

Since 1964

214 503-8563

THE 30-SOMETHING REALTORS

Posted by    |    June 20th, 2011 at 5:15 am

Some years ago when I had only been in the real estate business for a few years, a writer for the Reators’ magazine called and wanted to interview me — pontificate about how to succeed.

I remember being flattered that anyone would think a kid in a market the size of Galveston, Texas would have any thoughts or advice that could benefit others — at least not advice they hadn’t already heard from seasoned longtime Realtors. (more…)

What the Vacuum Cleaner Repairman Taught Me

Posted by    |    June 18th, 2011 at 5:15 am

Took our Sears canister vacuum cleaner to the repair shop near our house.  The off-and-on-speed switch in the handle was bad.

The owner told me that it wasn’t like my mother’s old Hoover.  “Vacuum cleaners today are made in Korea and China and other far off places,” he said.  “They aren’t made to last more than a couple of years.  In fact after a couple of years, we can’t even get parts for them.” (more…)

"What do you wish you could change about the real estate industry? – TEXAS REALTOR MAGAZINE

Posted by    |    June 16th, 2011 at 5:15 am

Texas Realtor is a monthly magazine published by Texas Association of Realtors for those of us who are members.

This month the magazine queried six members, five women and one man.  The question was this:

WHAT DO YOU WISH YOU COULD CHANGE ABOUT THE REAL ESTATE INDUSTRY? (more…)

WHAT SHOULD BE #1 ON A SELLER’S LIST….

Posted by    |    May 26th, 2011 at 5:15 am

Some years back, the real estate company I was with had a division that I headed that developed new subdivisions and built spec homes….

We learned that when the construction and finish crews completed the homes, they weren’t really completed…not in perfect condition.

So we followed logic.  We had people on our staff who were trained to inspect homes as though they were buyers.  And their job was to make a list of everything that wasn’t up to snuff.

We had another crew whose only job was to take those lists and meticulously fix each item.

All builders worth their salt do that.  They call it punching out the house.

People buying new homes expect them to be perfect.  And they should.

Isn’t it interesting that people selling the homes they have lived in don’t go through the same exercise == have a neighbor or a friend go through the house and make a list of things that need attention. 

And then hire a professional punch out team to come take care of those things — and to do it BEFORE they put the house on the market?

 

BILL CHERRY, REALTORS

DALLAS – HIGHLAND PARK

Since 1964

214 503-8563

WEB

DALLAS – A Perfect Description Without Further Comment.

Posted by    |    May 24th, 2011 at 5:15 am

 

THE DALLAS THE CHAMBER OF COMMERCE KNOWS AND LOVES

First you must learn to pronounce the city name. It is DAL-LUS, or DAA-LIS depending on if you live inside or outside LBJ Freeway.

Next, if your Mapsco is more than a few weeks old, throw it out and buy a new one. If in Denton County and your Mapsco is one-day-old, then it is already obsolete. Forget the traffic rules you learned elsewhere. (Frisco has screwed everything up.) (more…)

WHO’S NOT LOCKING THE DOORS?

Posted by    |    May 20th, 2011 at 5:15 am

I’m beginning to wonder if this is a problem that is peculiar to me and not to the rest of you.

The problem is MLS agents who show my listings and leave without making certain the house is secure.  In otherwords, MLS agents who don’t check to make certain all of the exterior doors are locked.

In yesterday example, out of the five possible choices, three had been left unlocked.

When I call it to their attention, rarely are they willing to take the blame, instead saying that their client must have used that door and forgotten to relock it.

All I know is that the homeowner feels, and rightly so, that it’s the Realtor’s duty to protect the property during and after it has been shown.

If I’m going to have to accompany every agent who shows my listinngs, I’m not going to be willing to equally share the commissions.

BILL CHERRY, REALTORS

DALLAS – PARK CITIES

Since 1964

214 503-8563