Defining Homes • Ask the EXPERTS

With the economy still in a wicked mess, reports are that the latest trend in homebuying is not buying. Renters are on the rise. But are they? Real estate source Inman reported in January that it is cheaper to buy in the majority of the country’s larger cities. Keith Jurow reported last year on World Property Channel that a Harris Interactive survey found renting a better option. So which is it? We asked locals in the industry how the trends are swaying the Dallas housing market and the frustrations behind them.

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Michael Litzinger

Michael Litzinger
William Davis Realty Uptown

The trend has affected my business significantly. The firm I recently moved to seems to be more in tune with today’s market. Their streamlined, online process requires less paperwork which makes it better for the client, a much quicker turn around for me and better for the environment.

Leasing does move property these days, and I am just glad the industry moves in some fashion whether it’s leasing or selling.

I do think the trend has affected us locally somewhat, but not nearly as severely as in most other areas. I still feel good about the Dallas market.  I know Realtors in other areas that can’t say the same.

Buyers are decreasing to some degree. Even with low interest rates, I’ve had a lot of buyers come to me and then disappear.

 

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Derrick Dawson

Derrick Dawson
Texas Pride Realty

As an active and producing Realtor also working in property management, I’d say the rental trend has picked up significantly, but that doesn’t mean it’s been ideal for property renters/owners or for the multi-family industry. The rental market has been stable but faces some challenges based on broken leases due to financial hardship or unemployment. Many are playing it safe by downsizing or combining rental homes based on economic conditions, being fearful of keeping their jobs and saving for the future.
Today is a buyer’s market and an ideal time to get out of the rent race. The downfall to the buyer’s market that I have seen personally is buyers and investors taking advantage of desperate people in today’s markets, possibly causing detriment to individuals or families in their time of need but also bringing down values in those areas making it harder for others to sell.

 

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Dan Flynn

 

Dan Flynn
Dave Perry-Miller InTown

The trend of leasing over buying has changed the way I preview properties in my area. Leasing is so hot now, I’ve looked at rentals and try to know the different apartment communities close by. Now I am much faster to respond to leasing needs.

I process far more leases to build my future list of clients. I try to educate and prepare them for the buying process down the road. Using a Realtor to find the perfect place to lease makes a lot of sense for those wanting to buy in the future but also for those who don’t really want to do the legwork.

I recently represented a seller who could not sell his property for the amount he was hoping for. Finding qualified buyers in his market and price range wasn’t easy. Another Realtor’s client was interested in leasing the property so

I had to have that conversation with my seller. The seller decided to go with the lease. While sales are still going strong, leasing has increased. While this really is the time to buy, I think all the media attention scares buyers. Potential buyers need to know that the market is stable here and we are one of the cities leading the nation in sales right now.  Go buy a house now or pay more for it later both in price and interest rates.

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Keith M. Thomas

Keith M. Thomas
1111 Apartment Locators

Although the economy has definitely affected us here, it is worse in other areas of the country. Dallas continues to grow and so I feel the trend’s impact on Dallas has been positive.

My company is a fully licensed real estate brokerage company and we handle all residential and commercial real estate transactions yet, our primary business is apartment locating. We want to maintain focus on renters, but we’ve created strategic partnerships with other real estate companies and have a referral program with them. We work closely with our clients to help with all of their real estate needs.

For homes that have reasonable mortgages there is good news. In Dallas, the rental market has significantly gone up, especially from 2010 to present to a  94-97 percent occupancy rate.

Buyers become renters for two reasons: First, they are able to get a nicer home for a lower monthly payment. And second, it doesn’t make sense to buy unless you’re planning to stay. However, buyers are increasing, oddly enough. MetroTex Association of Realtors reported that last August 2010 there were 1,223 properties sold and this August 2011 there were 1,485.

It’s a landlords’ market. Rents are at a premium and good ones go fast. When I show my clients rentals, they want to think about it, I encourage them to act quickly, because the unit is gone within a day or two. Why should homeowners take a loss on waiting for a qualified buyer, when they can rent quickly and hold out for the market to improve?

This article appeared in the Dallas Voice print edition October 7, 2011.

—  Kevin Thomas

Sally Kern: Gays (and Gaga) are the real haters!

Rep. Sally Kern

In case you missed Oklahoma State Rep. Sally Kern’s appearance on Tim Wildmon’s American Family Radio, she was on promoting her new book, The Stoning of Sally Kern.

Wildmon is the president of the hate group the American Family Association. Kern is the legislator whose district includes a large number of those killed in the Oklahoma City bombing, but who says that homosexuals are a bigger threat to this country than terrorists.

On the show, Wildmon said, “Nobody hates the individual homosexual.”

That’s great to know.

“To me what is hateful is when those people who say ‘you’re born this way, there’s no hope in change, you’re stuck in this, deal with it,’ that is hate,” Kern responded. “There’s no hope in that.”

—  David Taffet

Great Spaces: Conditioner love

Yes, you can have a cold house without the big bills — and that’s not hot air

By David Taffet

Perhaps the one thing we loathe the most besides triple digit temps in summer is that dreaded electric bill. The air conditioner is a must for summer in Texas, but the wallet sure takes a beating. One local expert recommends these simple tips to help you keep your cool and some green.

Todd Ylen of TNS Mechanical in Arlington said that only half the air conditioning complaints his company receives could be traced to the main unit. The first thing he checks is the overall cleanliness of what he calls “the guts.” He recommends a professional cleaning with caustic chemicals.

“It should be done professionally,” he says, “The chemicals won’t hurt the plants but it can melt the rubber off your sneakers.”

During the season, he said, don’t be afraid to wash the unit with a hose, but not a pressure washer. A garden hose will not damage an outdoor air conditioning system. They’re made to withstand gale-force winds.

Keep grass and weeds off outdoor condensers. They clog the system and decrease efficiency.

Next, Ylen said he checks the house.

“How efficient is the ductwork?” he says. “How efficient is your house?”

The outer lining of much of the ductwork installed in the 1980s has deteriorated. Squirrels, raccoons and other animals that get into the attic can cause a tremendous amount of damage to the ducts as well.

Cold air will blow in the attic but never reach the living areas of the house if the ducts are torn or worn. He recommends modern, high-insulated ductwork.

Next, he suggests an energy audit company to check for leaks around doors and windows.

“Seal the house,” he says. It pays off in lower energy bills quickly.

And ventilate, he said. Ylen called the old whirlybirds on most roofs worthless.

He recommends solar-powered, fan-driven ventilators. A year ago, he said, they were $1,800. Today they sell for $400, an amount that will pay for itself in one season. He calls it an upfront investment that continues to pay off by lowering electric bills on air conditioning and never costing a cent to operate.

Filters should be changed monthly. Dirty filters prevent the system from drawing air easily, making it work harder and use more energy.
Programmable thermostats are also useful in keeping the system from cooling the house when not needed.

Ylen calls radiant barriers ineffective with a 50-year payback, but insulation very useful.

“A preventive maintenance program is crucial,” he says. He sums up his energy-saving tips to all homeowners — insulate, ventilate and stop air leaks.

TNS Mechanical services homes throughout Texas and has other tips at AirConditioningRepairArlington.com

This article appeared in the Dallas Voice print edition May 15, 2011.

—  John Wright

Is You Can Sell Breast Milk Ice Cream, What About Semen Gelato?

With the London restaurant Icecreamists selling breast milk ice cream under the brand "Baby Gaga" for £14 per dish, it was only a matter of time before other bodily fluids were put up for sale, including those from men. At least in CGI form. Who wants a helping of "Labia Gaga"? Or "Jamie's Googoo"?


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—  David Taffet

How Meghan McCain And The Media Teamed Up to Sell Her New Book

Meghan McCain, who cannot stand President Obama (he's a big failure, basically), was on Rachel Maddow's program last night, and I'm not sure who found it more hilarious that she was kicked off her dad's presidential campaign. IS THAT STILL A FUNNY JOKE? But they also talked about homosexuals! So there you have it, folks, the marketing plan for McCain's Book: Palin, and a Republican who supports gays.


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—  John Wright