How Realtors Get Paid

This from a Realtor in response to a post on how Realtors walk away with 6% or 7% in commission sales and just rake it in…not my words, of course!

 “I just blogged about this after reading your post where the person ranted and raved about how Realtors pocket 6% to 7% per sale which is false. If you sell $4 million dollars worth of property or 13 $300,000 transactions you will net below $30,000 per year after expenses. People should probably know this.”

Now take away income taxes and property taxes…..

 

Flip That House Flips Over Local Design/Stager

Come late February or early March, Jason Maxwell, owner of Equity Enhancers Home Staging and Design, will be on Flip That House demo’ing his talents at the complete home staging and re-do — and we mean complete — of a 1969-era, 3000 square foot home located at 2612 Chinquatin Oak in Arlington, TX.

“Some unusual areas were were hard to visualize,” says Jason. “We went in with soft contemporary furnishings to create a flow and ambiance, get people to emotionally connect with the property.”

Now wonder what he can do with the street name?

Mandarin Oriental $$$

Word on the street: It’s going for $1000 per square foot, will have a Charlie Palmer’s restaurant and thus far there have been 700 inquiries to buy the condos.

Room Service on Lovers Lane To Close

Why is this a Real Estate story? Because many agents like to — need to — deck out listings and here is a once-in-your lifetime opportunity to buy Room Service at hugely discounted prices. I mean, this is where Oprah shops (from the catalogue). But dry your tears while you grab those Beamer keys: Ann Fox has more fun in store for us lucky ones who live in Dallas: (more…)

More Silver Lining Real Estate News

One of the most-watched indexes is the Standard & Poor’s/Case Shiller 10-city  composite home price index. Why? As explains the Associated Press:

The index is considered a strong measure of home prices because it examines price changes of the same property over time, instead of calculating a median price of homes sold during the month.

In the index just released today, Dallas showed the smallest decline in median price at 1.19 percent year-over-year. That isn’t grand, of course, but when compared to the other cities (8.4 percent decline overall) and the 20-city index (seven cities showing double-digit declines), it shows again that Dallas is somewhat inoculated from the horror stories of other markets because it has stayed reasonably priced during the aughts.

Dallas Market = Realistic

Can you just see the little home elves dancing on this sweet property for less than $300K?

California Market Softens

Just giving them away: this 2/2 is $1.5 million…

Ridgewood Park To Protest Rezoning for Multi-Family High Rises On Lovers Lane

Reports of Gunshot Wound At Isabell Cottrell’s

On Northbrook, so says a reader.  A friend of mine also had her purse and i-phone stolen from the Preston Royal Shopping Center after she finished shopping at Tom Thumb.Â