Category Archives: Expert Advice

Expert Advice – What Will Happen in Real Estate in 2015?

Hartlee Field Ranch, on 652 acres at 4105 Hartlee Field Road in Denton, offers an opportunity to own a piece of history as well an excellent investment for future development. Listed for $14,850,000. Photos / Briggs Freeman Sotheby’s International Realty

Combine a great Texas economy with low interest rates and numerous corporate relocations, and the DFW real estate market is teeming with ready buyers. Home sales are up across the board – from condos to single-family homes to ranch and land.

We asked some of our expert agents to offer some insight on how the real estate market with perform this year, and here’s what they had to say.

Q: How will the Texas real estate market perform in 2015?

A: The 2015 forecast for rural land in Texas is very strong, and demand is up from previous years. Ranches are changing hands at higher levels as sellers have come off of some very high expectations to meet buyers who seem to be prepared to pay marginally more than the last sale. I had a strong 2014, and this year is going to be even better. Unlike in previous cycles, we are seeing sustained growth.

4312 Hanover Street | University Park | Listed for $1,145,000 4312 Hanover Street Dallas 75225, University Park, Briggs Freeman Sotheby's luxury home for sale in Dallas Fort Worth-living

A: After experiencing an exceptionally good 2014, we expect 2015 to be another year for positive growth. The luxury real estate market is improving in North Texas. We’re seeing more high-end homes coming on the market and more sales of luxury homes. Our clients are looking for everything from new construction to older homes with a lot of character to high-rise homes Downtown. We don’t see things slowing down, especially as we approach the Spring Market.

A: The past two years have been exceptional, and the trend toward steady growth is expected to continue through 2015, according to the predictions I have read. Interest rates should remain low, which typically fuels growth. However, low inventory will remain an issue in some Dallas neighborhoods. The leasing market will be equally competitive. The analysts say this real estate upswing can last up to six years, so it’s a good time to invest.

1170 Haven Circle | Southlake | Listed for $775,000

1170 Haven Circle Southlake 76092, Briggs Freeman Sotheby's luxury home for sale in Dallas Fort Worth-living

A: Recently announced corporate relocations are sending ready buyers our way. The $300,000-$700-000 price range is red hot for this group. As we approach Spring Market, we don’t have the rush of upper-tier buyers that we had last year. Sellers in that range really need to listen to their agents regarding pricing. Lot prices have especially increased in the high end, yet buyers aren’t quite ready to absorb the resulting 10-15 percent premium over 2014.

President and CEO Robbie Briggs independently owns and operates Briggs Freeman Sotheby’s International Realty with seven offices in Dallas, Fort Worth, Uptown, Lakewood, Ranch and Land, The Ballpark and Southlake.

Oil and Gas Price Volatility & Real Estate


“The Impact of Oil and Gas Price Volatility on Real Estate Prices in DFW”
March 3, 2015, panel discussion sponsored by Briggs Freeman Sotheby’s International Realty and Thompson & Knight LLP

Some of Texas’ leading business, economic, legal and real estate experts gathered recently to discuss the role that oil and gas prices play in the North Texas economy. The panel included Emily Parker, Managing Partner, Thompson & Knight LLP; Robbie Briggs, President and CEO, Briggs Freeman Sotheby’s International Realty; Bernard Weinstein, Associate Director, Maguire Energy Institute; J. Holt Foster, III, Partner, Thompson & Knight LLP; Phil Puckett, Vice President, CBRE; Dennis Grindinger, Executive Vice President, South America, Hunt Oil Co.; and William L. Jackson, CMB, Senior Vice President and Managing Director, NorthMarq Capital, LLC.

Expert Advice: How Are Buyers Searching for Homes?

Photos / Briggs Freeman Sotheby’s International Realty 

A low inventory of homes for sale in many of the most popular neighborhoods in the Metroplex has some potential buyers changing the way the conduct their home searches.

They want to see homes as quickly as possible – and they’ll even take off work to see it. They’re monitoring the Internet for new listings – but working with a knowledgeable agent to make sure they don’t miss private listings. And they’re coming to the showing ready to make an offer. They don’t want to miss out to a competing bidder.

We asked our expert agents at Briggs Freeman Sotheby’s International Realty what they’re seeing in terms of home search trends, and this is what they shared:

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A: Buyers want to view homes as soon as they hit the market; that’s the biggest change I’ve seen. Some even take time off work to view a home before another buyer snatches it up. Overall, buyers are anxious about missing out on a home because of low inventories and higher buyer demand, and some are already accepting that they might have to pay higher than asking price if the home they want has multiple offers.

Just Listed – 8545 Midway Road | Bluffview | Listed for $4,895,000

8545 Midway Road 75209, Park Cities, Anne Goyer, Briggs Freeman Sotheby's luxury home for sale in Dallas Fort Worth-dining2

A: The Internet continues to be the great equalizer and opens up buyers to a wide array of information they have never had access to before. The Internet is a great tool to help pre-educate buyers, especially if they are brand new to the city. Using a Realtor is critical for interpreting the information buyers are picking up off the Internet and helping them to better understand the bigger picture when it comes to making that final decision. 

A: Many buyers have realized that they need to be prepared to pay cash or have no financing contingency in order to compete with other buyers for the best properties that come to the market. They realize that if they want to have the opportunity to buy a home that has competing offers, they must produce their strongest offer right out of the gate – they probably won’t get a chance to counter-offer.

1052 Bluff Creek Point | Possum Kingdom Lake | Listed for $3,200,000

1052 Bluff Creek Point 76475, Strawn, Nanette Luker, Briggs Freeman Sotheby's luxury home for sale in Dallas Fort Worth-overlook

A: People are continuing to do more research online before purchasing a home. But, in today’s market, a lot of good properties are selling before they hit the Internet and MLS. Because some areas of the market have such limited supply, it is increasingly important for buyers to engage agents who are in touch with the market and have a large network in the areas where they want to live – so they can find out about listings before they hit MLS.

Click here to see extraordinary new listings across the Metroplex.

For more luxury homes throughout the Metroplex, see briggsfreeman.com. Click here to see the latest in real estate news. President and CEO Robbie Briggs independently owns and operates Briggs Freeman Sotheby’s International Realty with seven offices in Dallas, Fort Worth, Uptown, Lakewood, Ranch and Land, The Ballpark and Southlake.

Expert Advice: What’s Ahead for the Metroplex Luxury Market?

Photos / Briggs Freeman Sotheby’s International Realty

 With growth in the luxury market growing by double digits in Dallas-Fort Worth region in 2015, we’re expecting great things for 2015.

So we asked our expert agents: The Dallas luxury market increased by double-digits in 2014. What’s ahead?

Here’s what they predict.
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Expert Advice: Scrapping Square Footage Doesn’t Mean Sacrificing Luxury

For many buyers today, outdoor space for entertaining – such as this beautiful pool area – is a must. Photos / Briggs Freeman Sotheby’s International Realty

We keep hearing about a trend toward homes with a “smaller footprint” – but what does that really mean?

In our experience, even when buyers are looking for homes with “smarter” use of indoor space and a more prominent outdoor entertaining areas, they still want the best.

So, we asked our expert agents at Briggs Freeman Sotheby’s International Realty: What are today’s buyers looking for in terms of square footage? Is it trending larger or smaller? And how is the trend playing out?

Here’s what they have observed:
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Expert Advice: How to Approach the Spring Market

New listing: 9970 Strait Lane in Preston Hollow. Listed for $3,595,000. Photos / Briggs Freeman Sotheby’s International Realty

 Traditionally, the Spring Market is the busiest real estate season – no matter the region.

In 2014, many described the Spring Market in the Metroplex as a frenzy, with low inventory of homes for sale, multiple offers on each property, and many homes being sold before they hit the open market.

This year, the outlook for the spring buying season is robust, but not quite as frenzied. And, as with last year, “spring” will start well before March 1.

We asked our expert agents what they’re expecting of the 2015 Spring Market. Here’s what they had to say.
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Expert Advice – What’s in Store for the 2015 Home Market in DFW?

Photos / Briggs Freeman Sotheby’s International Realty

After experiencing a year of tremendous growth across all real estate niches in the Metroplex, analysts say the outlook is looking good for 2015.

Mortgage rates are still down, home prices are solid and the North Texas economy is strong. So we asked our expert agents at Briggs Freeman Sotheby’s International Realty: What are your predictions for the 2015 market? Here’s what they had to say.
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Expert Advice: What Change Will Get Your Home the Best Price?

6050 Prestonshire Lane 75225 – Photos / Briggs Freeman Sotheby’s International Realty

Sometimes, the little things make all the difference when it comes to getting your home ready for listing. You might look at your house and see a need for a kitchen overhaul, new landscaping, or a spruced-up master suite. But a real estate agent might see it differently.

Don’t make a change till you talk to a good agent. They’ll likely tell you to focus on repairs, clutter and the color of your walls. Much easier than a renovation, right?

Having your home in excellent condition – and giving the best first impression – is even more important as the competitive Spring Market approaches. Here’s what our agents recommend for getting your home ready.
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Ask the Experts: Where are land values headed into 2015?

Bitter Creek Ranch has amazing water features not commonly found on working cattle ranches in this part of the state. Much of the ranch was originally part of the historic J.A. Ranch (Charles Goodnight) and was known as the “Mare Pasture.” Listed for $ 33,861,275. Photos / Briggs Freeman Sotheby’s International Realty

Long before Texas gained a reputation for its fast-growing, modern cities, the Lone Star State was known for its land. Whether you’re considering anches and landscapes – wide open spaces perfect for enjoying as is or, in some cases, developing – or searching for the perfect spot to build your family home, Texas has it.

Our reputation for extraordinary ranch and land opportunities hasn’t diminished – and won’t diminish for the foreseeable future. So we asked our expert agents at Briggs Freeman Sotheby’s International Realty: Where are land values headed into 2015? Here’s a roundup of their analysis.
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Expert Advice: Hot Price Points in Dallas Real Estate

With home prices still on a steady – though somewhat slower – increase across North Texas, pricing remains one of the most important steps when you decide to list a house. So we asked our expert agents at Briggs Freeman Sotheby’s International Realty:

Q: What’s the hottest price point right now, and what will it get you?
Continue reading Expert Advice: Hot Price Points in Dallas Real Estate