Archive for the ‘Real Estate News sponsored by Guardian Mortgage’ Category

By Bruce Felps

Full disclosure: I’m two-timing you guys. Well, kind of but not really, but sort of.

Respected real estate blogger Candy Evans asked me to do a story on what effects, if any, Stonewall’s academic rating drop might have on the market for existing home sales in the school’s attendance zone. Continue Reading »

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By Marcus McCue, vice president of Guardian Mortgage Co. Inc.

These tough times have affected home values and changed home buying behavior. For this reason many sellers — and some buyers — are requesting their own appraisals in advance of the one ordered by the lender. This allows sellers to help justify a price. Buyers often use their appraisal to make appropriate offers and to determine if this is the right home for them.

In East Dallas, it can be particularly challenging to determine the value of a home. In some neighborhoods like Little Forest Hills, Lakewood, and Forest Hills, you’ll find large modern homes right next to small 1950s cottages, which can make meaningful comparisons difficult. Continue Reading »

By Marcus McCue, vice president of Guardian Mortgage Co. Inc.

In this column, I’ve covered several ways for owners or soon-to-be owners of older East Dallas homes to finance needed repairs and upgrades to their homes and investment properties. A change to the conventional loan guidelines this month will offer a new approach for those who may not qualify for standard mortgage programs.

It will also encourage homebuyers with adequate available cash to consider foreclosures and other properties with repair issues. Continue Reading »

By Bruce Felps

Men’s clothier Jos. A. Banks indeed plans to open a store in the shopping center located at the southwest corner of Mockingbird Lane and Abrams Road. Canine Commissary, though, plans to stay there as well.

The Dallas Morning News East Dallas blogger Nancy Visser, by way of fellow paper reporter Maria Halkias, confirmed the clothing store’s move into the center only next door to the pet supply shop, which apparently ain’t going nowhere, thank you very much. Continue Reading »

By Bruce Felps

The powers at Lakewood Country Club evidently took great umbrage to the property valuation ascribed to its 120-ish acres by the Dallas Country Appraisal District.

DCAD, according to a post yesterday at Unfair Park, says it’s worth $6.95 million … 120 acres … at Gaston and Abrams … right across the street from Whole Foods Lakewood, which Unfair Park pointed out for sake of comparison, covers about 3 acres and carries a valuation of nearly $4.7 million.

Lakewood CC representatives say, oh no, no, no … “compared to a sample of properties consisting of a reasonable number of other properties similarly situated to, or of the same general kind or character as the Property” it should be valued at way less. Continue Reading »

By Bruce Felps

Nancy Visser over at the Dallas Morning News East Dallas blog reported today that the proposed bowling alley-bar-restaurant for Lowest Greenville Avenue remains a viable prospect.

The attorney for Madison Partners, the developers of the property, said they would appeal to City Council to approve the necessary special use permit required to stay open from midnight ‘til 2 a.m., even though it was voted down in a split decision by the City Plan Commission.

No word yet on when the item might appear on the City Council agenda. Continue Reading »

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By Bruce Felps

The conversation and speculation continues about the changing complexion of Lakewood and East Dallas.

A Thursday article — published at Candy’sDirt.com, a Dallas real estate news site — comes from Susan Arledge, CEO of Arledge Partners Real Estate Group, who grew up in Lakewood. Continue Reading »

By Bruce Felps

The Skillman Live Oak Shopping Center, home to Metro Paws Animal Hospital among other business, recently changed ownership hands.

According to an article published yesterday by the Dallas Morning News, “Investor SK Oak LP sold the center to an Austin investment partnership. The seller was a partnership that includes Mitchell Rasansky and Leland R. Burke.” Continue Reading »

By Bruce Felps

The Dallas City Plan Commission yesterday turned down the special use permit request for a bowling alley along the 1800 block of Greenville Avenue.

Read all about at Unfair Park and the Dallas Morning News. Continue Reading »

By Bruce Felps

C.C. Young retirement center dedicates its new building next week.

After slightly more than 18 months of construction, the center’s new residential facility, The Overlook, opens officially July 27 with a ribbon cutting ceremony planed for 8:30 a.m. that day at the new building. Continue Reading »




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