North Texas Real Estate Blog

Premier Horse Property Located in Southlake Texas from Tommy Pennington on Vimeo.

Amazing country living in the city! Incredible 5.2 acre estate across from equestrian trails & parks. Fantastic open floor plan & tranquil outdoor living are great for entertaining. Large island kitchen has granite counters, b-in fridge, micro, dbl oven & warming drawer. Split master retreat has fireplace & luxurious bath. Upstairs game room, media room & study. Plenty of room for horses in the barn & pasture. Also 2 stock tanks & cross-fencing. Call Tommy Pennington today for details 817-416-9000!

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I'm very excited about the activity we are experiencing this year compared to last.  (Although last year we were once again the NUMBER 1 TEAM at Keller Williams-Southlake... I had to add that small shameless plug.) The showings are up but it still appears offers are not happening yet.  Our online traffic is also on the rise.  Last year the market seemed to be geared toward the mid to lower price points.  I think the US Government Tax Credit helped.  This year we are seeing more activity in the upper price points which is encouraging.  I hope this is the year we get on track.  Texas is the NUMBER 1 Relocation Destination which can't hurt.  Our public schools continue to be great in our area.  If you have questions feel free to contact me. I'm here to help!
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5 Reasons You Should Sell Your House TODAY!

·           Selling your house in today’s market can be extremely difficult. It is for that reason that every seller should take advantage of each and every opportunity that appears. Each fall, such an opportunity presents itself. This fall, that opportunity may be just too good to pass up.

Below are five reasons you should consider when pricing your house to sell in the next 90 days. Meet with your real estate agent and mortgage professional today and see whether it is the right move for you and your family.

1. Entering this time of year, the buyers are more serious.

We all realize that buyers are not quick to pull the trigger on the purchase of a home today. There is no sense of

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Remember when real estate investing was the "in" thing?  

Back then, there were two kinds of people: those who invested in real estate and those who wish they were investing in real estate.  Back in the day, there were as many articles about real estate investing as there were about Paris Hilton, Britney Spears, and Lindsey Lohan combined.  Real estate was the water cooler conversation, especially since Seinfeld has been long off the air.

If you could not buy real estate, you could still dream, and make no mistake about it, it was the American dream.  Many people still think it is.  And mortgages?  If you could fog up a mirror while breathing, you qualified.

Yes, not too long ago, real estate was the hot topic, the in thing, an ideal retirement

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Every house for sale in today’s real estate market must be sold twice. First, you must find a buyer ready, willing and able to purchase the home. Second, you must sell the value of that house to a bank so they will agree to lend money based on the negotiated price. The second sale may be more difficult than the first in the current lending environment.

A mortgage is necessary in the vast majority of real estate transactions in this country.  The buyer puts a certain amount of money ‘down’ and then borrows the remaining balance from a lending institution. The lending institution then issues a mortgage to the buyer using the house as collateral. In order to establish the value of the house (collateral), the bank will send out an appraiser.

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Currently, the Tommy Pennington Realty Group has 37 ACTIVE listings, 2 ACTIVE OPTION, 2 PENDING, 14 CLOSED and 3 offers on the table working on negotiations!  In a time when the media has all but given up on the housing market and called it "belly-up", we are thriving.  Demographically speaking, in the last 8-10 years alone, Southlake has seen at least a 23% increase in population and it's steadily on the rise.  States such as Florida, California, Illinois, Oklahoma and Louisiana are migrating to Texas and mainly the DFW area.  What does this mean to you?  Well, for starters, you can take it as a sign that the housing market, though having gone through a lull, is not dead.  We are actually on the rise from where we were this time last

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I'm excited to say the activity is on the rise.  You may ask: What listing price are these homes and where?  Both of these homes are in Southlake and around the 500K price point.  I have to say also both homes were updated and NO BRASS!  It amazes me of the amount of listing appointments I go on and give advise as a professional that sees homes everyday and talks to my 7 Buyer Specialists who KNOW WHAT BUYERS WANT and when I give these items don't always seem to get done.  Price your home correctly.  BUYERS want a "de-brassed" home. BUYERS want granite. BUYERS want fresh neutral paint. BUYERS want wood floors.  BUYERS want stainless appliances.  BUYERS want updated master bathrooms.  BUYERS want to just move in, period.  Now, I know it may be tough times.…
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