Dallas Fort Worth real estate news, local home price trends, statistics, and profitable insights written by Chandler Crouch Realtors.

Dec. 28, 2017

My Pillow, New Year's & Last 2017 Market Update

This video is different than any other we have ever released.

I have been reflecting on 2017 and thinking about what 2018 will bring. I had a little fun with it and just thought I would share my thoughts. 

You'll hear what I got for Christmas, how to make a successful New Year's resolution, a thank you message for 2017, and your real estate market report for Tarrant County Texas as well as a hint on what the real estate market is expected to do in 2018. Enjoy!

Video Content Time Stamps: https://youtu.be/2pNJkksLJtU

0:16 What I got for Christmas - "My Pillow" and the answer revealed... Is it the most comfortable pillow I've ever owned.

1:43 My 1 tip on how to make a successful New Year's resolution

2:19 Walking on water and Aux'ing

Link to song by Thirty Seconds to Mars https://youtu.be/44NYFvhXmW8

5:14 What happened in 2017 - I must say Thank You!

7:00 Real estate market update - The Bottom Line

7:35 2018 Real estate market forecast

 https://youtu.be/2pNJkksLJtU

 

Nov. 29, 2017

Property Tax Bill in Tarrant County

Click here to view your property tax bill online.

  • Watch the video below to discover...
    • How to reduce your monthly payment
    • How to eliminate your tax burden completely

  

 

If you haven't received your property tax bill in the mail yet, you need to find out why.

Taxes are due by Jan 31 whether you received your bill or not. 

  1. Call your mortgage company and see if they received your bill.
  2. Go online search and contact the tax assessor's office

If your taxes are higher than you were expecting, it's likely because the appraisal district proposed a value significantly higher than last year. We may have protested to lower the value from what they proposed, but your taxes may still have gone up if the amount we reduced it to is still more than last year's tax value.

Options if your tax burden is too high

  1. If your monthly payment went up, you likely have an escrow shortage. The mortgage company's default payment plan is 12 months. Call and ask if you can pay it out over a 2-3 year period of time. This is usually an easy 15-minute phone conversation.
  2. Prepare for your protest for next year. Take photos of issues. Get quotes. Save quotes / unpaid invoices to use as evidence in your protest. File them away to save them for your protest next May.
  3. We can help you eliminate your entire tax bill for good... By helping you sell your house. If you can't afford to live there, we want you to call us. Our goal will be to help you find a way to stay in your house, but if you have no other option and you've determined that you must move, we will help in 2 ways.

2 Ways We Can Help if You Must Move

  1. We will help you determine how much you can expect to sell it for. Often times it's more than you think.
  2. We will review 14 options that our team put together for you.

 Call one of our team members today or contact our office directly at 817-381-3800 or hello@chandlercrouch.com

Oct. 13, 2017

Real Estate Market Update for October 2017

Click the market update you would like to see:

Discover the answers to these questions...

  • Is it a bad idea to sell in fall and winter?
  • Are we in a bubble?
  • How does the market look?

 

0:30 Tax protest update

1:20 market report

1:32 median price trend

2:25 if you have your house on the market now

2:45 how the news affects you

3:08 effect of seasons on pricing

3:20 cause of new demands on housing

3:30 spring and summer vs fall and winter

3:50 how we can help you personally for free

4:20 contact info

 

 

Sept. 27, 2017

Featured as Realtor of the Month on New Homes Directory

We are honored to be recognized as the Realtor of the month for NewHomesDirectory.com

Kelley Watkins is a terrific writer and kind soul. I am flattered by this and humbled by such an incredible team that has done so much to help so many people. If I didn't work with the best people on earth this recognition wouldn't be possible.

If you have a minute click here to check out the article she wrote featuring us as New Homes Directory Realtor of the Month

 

 

Posted in CCR in the News
Aug. 30, 2017

6 Questions First-Time Home Buyers Never Ask Themselves (but Really, Really Should)

Realtor.com Published Our Advice in One of Their Recent Articles

http://www.realtor.com/advice/buy/are-you-ready-to-buy-a-home-first-time-buyer-questions/

 

There's a certain point in the lifecycle of renting where you say to yourself: I just can't do this anymore. Maybe it's the upstairs neighbors, who relentlessly stomp across their apartment into the wee hours of the morning. Maybe it's the numbingly dull white walls you've stared at year after year. Or perhaps it's that bitter pill of knowledge that your hard-earned money is circling down the drain—en route to paying someone else's mortgage.

No matter the reason, most of us eventually hit a breaking point with renting, and vow to become homeowners once and for all.

But just because you want to buy a home doesn't mean you should buy a home. Even if you've already evaluated your finances and told yourself, "I can swing a down payment," there are some additional key questions to ask to determine whether you're ready. Here, we unveil some oft-overlooked, soul-searching inquiries that you really should ask yourself before you make the biggest financial commitment of your life. Ready?

1. Have I recently experienced a loss?

If you’ve recently gone through a breakup, lost your job, or suffered any other kind of negative life event, you might feel like the answer is to start over. A reset can indeed do you a world of good, but taking on a mortgage probably won’t be the fresh new beginning you’re looking for.

“The most challenging time in someone's life to buy a home is during a time of loss—and that can be many kinds of loss,” says Tyler Whitman, real estate agent with TripleMint in New York. “If it's truly a high-stress moment, adding a move on top of that only makes things worse."

2. If I get a new job, will I have to move?

Even if you think you're in a good place, emotionally speaking, Whitman warns that stress might cause you to subconsciously make your housing decisions out of fear. It's better to wait until you’re past a situation and can know you’re making the best choice for you.

The job market has changed drastically since the days when your parents bought a home, and you should know how that will affect you before you buy.

“Previous generations planned to get one job, keep it forever, and retire. Buying into a house because they were looking for a permanent living situation made a lot more sense,” says Chandler Crouch, broker for Chandler Crouch Realtors in Fort Worth, TX. “Now, job-hopping is prevalent.”

Changing jobs won’t be a big deal if you can keep—or raise—your salary, and your new gig is in your current city. But if there aren’t a ton of jobs in your industry in your area, you may find yourself having to relocate a year after you bought your home.

“It honestly isn't a good idea to buy a house unless you plan on staying there for at least five years,” Crouch says. If you sell earlier, you may end up taking a loss on the deal.

3. Am I ready to write (a lot) of checks beyond the down payment?

Here's the good news: Mortgage requirements have been loosening since the credit crunch, and you may very well be able to buy with less than 20% down. But the bad news is that won’t be the end of your upfront costs. Hire a mortgage broker and you could pay a 1% to 2% fee on the amount of the loan. A home inspection will cost you a few hundred. Your closing costs could add up to 7% of the total cost of the home. And then there’s the Murphy’s Law of it all: If something can go wrong, it probably will.

“If the air conditioner breaks a month after you close, or the dishwasher gives out, that's now up to you,” Whitman says.

If you don’t have the funds to cover your closing costs and a separate emergency account for the inevitable “just moved in” headaches, it might be better to wait until you do.

And don't forget about the additional costs of things like homeowner insurance and taxes. (Although you'll likely be eligible for some pretty sweet tax deductions for being a homeowner, you'll still have to pay property taxes—and that can mean a bit of sticker shock for long-term renters.)

4. Am I OK with owing the bank lots of money for a long time?

One of the biggest benefits of homeownership, of course, is the equity. Instead of handing all your hard-earned cash over to a landlord, you're putting it back into your home—which you (hopefully) will sell for a profit down the line. But that equity doesn't happen immediately. In fact, for many buyers, it takes time. Sometimes a long time.

Unless you pay for your house in cash, you'll be on the hook for not only your monthly mortgage payment but the interest on the loan as well. Stretching out your payments over more years—as with a 30-year fixed-rate mortgage—can help reduce (and stabilize) your interest charges. But it can be hard to pay down your principal when you're constantly trying to cover other costs.

It's part of being a homeowner, and you need to decide if you’re good with it.

“Anyone considering buying needs to look at an amortization schedule to see exactly how much out of their monthly payment will be going toward paying off the house,” Crouch says.

5. Is buying truly cheaper in the long run?

This one depends quite a bit on where you live.

So do the math. Understand that when you're buying, you'll be taking on a big down payment and all those additional costs. On the other hand, you'll want to take a look at your local rental market. If your rents are increasing steadily year over year, you might be shelling out more on temporary housing then you would on your own home each month. And you may find yourself with your savings too depleted to buy.

“On average landlords raise rent 7% per year," Crouch says. "This is a compounding increase in expense.”

That could mean that buying, while a punch to the wallet now, will be more affordable in the long run. But if you live in a more stable rental market, it could be better to sock away some cash and wait a few more years to purchase a home. You can use our handy Rent vs. Buy Calculator to crunch the numbers and decide what's right for you.

6. Am I secretly trying to talk myself into it?

Your co-workers don’t understand why you’re still renting. Your friends are all buying their first homes. You've been saving for years specifically so you can buy a house and become a key-carrying member of the Great American Dream. It may seem like you should just buy already, but try asking yourself: Do you really, truly want to?

Even if it might make sense on paper, Crouch still recommends asking yourself three questions before you finally decide:

  • Am I trying to sell myself on the idea of buying a home?
  • Am I trying too hard to justify it financially?
  • Do my reasons to buy outnumber my reasons not to buy?

After all, buying a home is arguably the biggest financial (and, sometimes, emotional) commitment you'll ever make. You need to be sure it's right for you—no matter what anybody else says.

 

Aug. 21, 2017

For Sale By Owner VS Realtor

Real Estate Commissions Aren't Cheap, But Are They Worth It?

A new independent study by Collateral Analytics shows that Realtors are indeed worth their commission, generally speaking.

The study concludes that successful "For Sale By Owner" (FSBO) sellers achieve prices significantly below those from similar properties sold by a Realtor. The study does not take into account sales that were first attempted as FSBO then switched to a Realtor due to an unsuccessful FSBO attempt.

Something that doesn't appear to be taken into consideration by the study is the extra benefit of having someone deal with contracts, negotiate, and field dozens of interactions with inspectors, title company, lender, and the opposing party to the transaction. It's important to acknowledge that not every agent provides a service as valuable as what they charge, however, they do on average. This means that if you do your homework and hire an above average agent, you are likely to get a better than average return on your money hiring a Realtor.

Several cities were studied. The conclusions were the same in every location. See below for the graph showing the findings of the Pheonix area study.

The study can be seen in its entirety here: http://collateralanalytics.com/saving-real-estate-commissions-at-any-price/

FSBO vs Realtor

June 20, 2017

Chandler Crouch Realtors in the News!

Exciting times at Chandler Crouch Realtors! We've been featured in a number of recent stories via local news outlets. We're happy to be in a position to help so many people.

 

Lauren Zakalik with WFAA Channel 8 interviewed Chandler on May 17th about the tax increases in Tarrant County, and what Chandler Crouch Realtors is doing to help the local community. You can read that story in its entirety and watch Chandler's interview with Lauren by clicking here.

 

When some folks found out that their homestead exemptions dropped from their TAD appraisal without warning, CBS's Jason Allen stepped in to help get the story out. Click here to read more and watch Chandler's interview.

 

In a follow up to WFAA's story on what Chandler Crouch Realtors is doing to help out local homeowners, Jason Wheeler invited Chandler to do a live interview on WFAA Channel 8 to discuss what homeowners should do to get their taxes lowered. To view that video, click here and scroll to the bottom of the page, and play the last video on the page titled "Is it worth it: How to fight your property taxes assessment."

 

We're thrilled to be able to provide a service like this to our local community!

April 14, 2017

How to Protest Your Property Tax Value in Tarrant County and WIN!

Click the easy button and finish your protest in 2 minutes for free. Provide your PIN number and contact info, then let us do the rest, all for FREE! Take 2 minutes and submit your protest order here.   

 

There are 3 levels of protest

  1. Automated online protest (takes 2 minutes)
  2. Informal in person protest (no appointment needed)
  3. Formal Appraisal Review Board (ARB) hearing 

 

Go HERE to begin your Automated Online Protest

Since releasing the video, we have helped hundreds of homeowners and saved hundreds of thousands of dollars... all for FREE! Not only that, we were able to figure out the formula that TAD is using. Now, we're helping people get, what we believe to be, is the lowest possible value. Click here to see how low we can protest your value! 

Step 1. Complete the form to see how low we can protest your value.

Step 2. If you are not satisfied with your value and you would like to proceed with the informal in-person protest, we will provide free comps and a strategic plan to win.

We're not selling anything, we're just serving.

Links and Resources in Video

April 7, 2017

Chandler Crouch Named Top 3 Realtor in Fort Worth

I was completely shocked and honored to see this.

This company does a 50 point inspection reviewing customer reviews, history, complaints, ratings, satisfaction, trust, and cost to find the best practitioners in an industry.  They selected US!!! Chandler Crouch Reatlors is in the TOP 3 Realtors in Fort Worth! I just have to say thank you to the best clients on earth and thank you to the best team on earth!!! I feel humbled and honored.

Check it out: https://threebestrated.com/real-estate-agents-in-fort-worth-tx

Best agent in Fort Worth Chandler Crouch Realtors

 

 

 

 

 

Posted in CCR in the News
April 4, 2017

The Truth About the Keller Tennis Court Bubble Dome Proposal

There is quite a controversy surrounding a proposed 27 acre, 35 court private Birth Tennis Club at Rocky Top Ranch built by Taylor Dent will include two large bubble domes to provide a weather proof tennis facility for its members.

The proposed development will be located in Keller near Johnson and Keller Smithfield Road.

Opposition was so strong that the Keller City Council is now required to have a super majority (6 out of 7 votes) to approve the project. 

The entire opposition of the Keller Bubble seems to be about property values. Will this create enough of an eye sore to detour people from buying houses in the area?

In real estate the way we value residential property is through a “sales comparison approach.” We look at previous sales of properties that compare ("comps") with the subject property. That's all you have to do in this situation.

Only 2 large bubble-like structures come to mind.

Comparable Example 1:
Valley Ranch Dallas Cowboys inflatable structure built 2003 (same one that collapsed in 2009):
Median Sales price in 2003: $190k
Median Sales price today: $415k

218% increase

Comparable Example 2:
The dome in Argyle TX for Cross Timbers Church built approx 2003
Median Sales price in 2003: : $255k
Median Sales price today: $452k
177% increase

Compare that with the entire Dallas Fort Worth metroplex:
2003: $130k
Today: $234k
180% increase

A couple things to note:
It’s impossible to isolate the 1 variable of installing an inflatable dome. Many other factors affect market value. I just think if you compare enough of these markets, you’ll be able to know whether or not installing an inflatable structure correlates with reduced increase in property values. Causation is different than correlation, but its the best we’ve got.

Every inflatable structure is different. Valley Ranch was significantly more attractive than Cross Timbers. Distance and proximity of residential housing to the inflatable structure may also matter.

Another thing, you just aren’t going to find a private tennis club in a low-class area. There is a status appeal to living near something like this. My hypothesis is that putting the inflatable structures closer to the interior of their 26 acre lot would be sufficient to mitigate any negative effect on property values. 
There are also many different types of inflatable structure products. Requiring a more attractive version may be in both parties best interest. 

I'm not for or against the project. I'm 100% for the community. I just think if both sides work together, the community will benefit greatly. There's bound to be a middle ground in the situation.

If you’re interested in learning more about the real estate market, check out this market analysis I recently did for North Fort Worth area


If you have questions about the Dome or its effect on local property values, please feel free to contact me.

Chandler Crouch, Broker / Owner

Author of Proven Strategies to Sell Your House for Top Dollar

817-484-5300
chandler@chandlercrouch.com