North Texas Real Estate Blog 
Incredible Southlake Estate Video located at 520 W Highland
Thursday, July 8th, 2010 at 10:47pm. 226 Views, 0 Comments.
520 W Highland Southlake Texas- Tommy Pennington Realty Group from Tommy Pennington on Vimeo.
Incredible Southlake Estate offered by Tommy Pennington Realty Group located in the heart of Southlake, TX
5 Reasons to Get Excited about Real Estate Again
Thursday, June 17th, 2010 at 3:31pm. 276 Views, 0 Comments.
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…
To Appraise or Not to Appraise?
Tuesday, June 8th, 2010 at 3:14pm. 284 Views, 0 Comments.
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…
Local Market is On the Rise
Friday, June 4th, 2010 at 4:27pm. 226 Views, 0 Comments.
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…
SPRING is here! We listed two new homes and got multiple offers within hours.
Saturday, March 13th, 2010 at 6:59am. 519 Views, 0 Comments.
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.…
Buyers Appear To Be On The Move... Will YOU listen to YOUR Realtor?
Monday, March 1st, 2010 at 6:44am. 494 Views, 0 Comments.
Well... I'm excited that it is March 1st and we are getting busy. We are seeing an increase in traffic. I'm seeing homes in our market that are priced right and in great condition not lasting long. You must be ready if you are a Buyer. The good ones don't last long. I STRONGLY advise the Buyers to realize we are not like other parts of the country that saw huge amounts of appreciation over the past several years when times were good. Why is this important? Most people here aren't getting rich when they sell and often are just covering their costs if they aren't losing money. Homes here sell for what is currently FAIR MARKET VALUE. Did you know most of our area (Northeast Tarrant County) the homes sell 96 - 98% of list price. I have seen offers in…
Tommy Pennington Realty Group Southlake Carroll Dragon Commercial
Monday, November 23rd, 2009 at 12:52am. 1194 Views, 0 Comments.
I can honestly say I'm no actor. This is our commercial for the Official Dragon Post Game Show. GO DRAGONS!
Tommy Pennington Realty Group Commercial
You Need to Update in Order to Sell in This Market
Wednesday, September 30th, 2009 at 10:37pm. 861 Views, 0 Comments.
Realtors in Southlake, Grapevine, Westlake, Colleyville, and other surrounding areas know what the Buyers are wanting when they come into these markets. Right now the Sellers need to know on average our homes are on the market 30% longer and if you want to sell you must have an updated home. Most of us use a company called Centralized Showing Service. This tool gives us the feedback we need often in order to sell homes. There will always be the items that none of us can change like the floor plan or the fact the home backs to the busy road. What you must do in this market is to update to what the Buyers expect. See this long detailed CSS Report where I have taken out the address to protect the Seller. Unfortunately the poor Sellers are stuck with…
What is going on in the local market?
Wednesday, September 30th, 2009 at 9:37pm. 850 Views, 0 Comments.
Every month in order to keep our Sellers in Northeast Tarrant County up to speed with our market we send them data that I feel is more valuable than what most people provide. Anyone can come up with an average days on market, but when you have a huge range of prices I think you need to get more in tune with the truth. Take a look at this link to Northeast Tarrant County Real Estate Market update.
Southlake Real Estate Market seems to be slowing. Is it just time for school?
Sunday, August 23rd, 2009 at 7:53pm. 804 Views, 0 Comments.
The last 3 weekends have been painfully slow. The homes north of the 700,000 price point seem to be even slower. I'm still thinking we will have people come into town after schools starts. There appears to be a group of relocation Buyers that are currently here in the marketplace living in temorary housing. I'm hoping that once their homes sell in other out of state markets, we will see an increase in demand. Stay tuned for the outcome.
Incredible Southlake Estate Video located at 520 W Highland
520 W Highland Southlake Texas- Tommy Pennington Realty Group from Tommy Pennington on Vimeo.Incredible Southlake Estate offe... 1Comments Read More5 Reasons to Get Excited about Real Estate Again
Remember when real estate investing was the "in" thing? Back then, there were two kinds of people: those who... Add Comment Read MoreTo Appraise or Not to Appraise?
Every house for sale in today’s real estate market must be sold twice. First, you must find a buyer ready, willing an... 1Comments Read MoreWe're always on the lookout for talented real estate agents to join our growing team.
Contact Us
