Monthly Archives: November 2016

conforming loan limits increase in 2017

Featured Guest Blogger:
Tony Kruse, The Kruse Dickstein Team at IBERIABANK Mortgage

The conventional conforming loan limits for 2017 have increased from $417,000 to $424,100 for single family homes.  2-unit properties now have an increased loan limit of $543,000. These increases apply to loans delivered to Fannie Mae in 2017, EVEN IF the loan originates prior to January 1, 2017. Meaning, if a buyer has an accepted contract with an effective date in 2016, the new limits will apply, as long as the property closes in 2017.

Loan limits increase How much home can I buy in east dallas east dallas homes for sale lakewood homes for sale mortgage rules 2017

While somewhat minimal, this is the first time the base loan limits have increased since 2006. It has positive implications for buyers who are able to remain within the conforming loan guidelines. Here’s why:

  • Conforming loans allow the buyer to put down as little as 5% (3% for a first time homebuyer), whereas the minimum down for a jumbo loan is 10%.
  • Conforming loans (in comparison to a jumbo loan, which as of 2017 is anything above $424,100.00), have regulations and rules that are less stringent. Simply put, as a mortgage loan officer, we get to ask for less from the client.  No one likes digging up unnecessary paperwork!
  • Conforming loans are more flexible when it comes to debt to income requirements, credit scores, AND asset reserves (how much money you need in the bank after closing).

If you have any questions regarding your own personal financing situation, and whether or not these new limits apply to you, please do not hesitate to reach out to Tony Kruse with The Kruse Dickstein Team within IBERIABANK Mortgage.

Kruse Dickstein Team Iberiabank mortgage discusses loan limit increases for 2017 and impact on East Dallas Real  Estate

 

 

Tony Kruse, Executive Vice President, NMLS 419451

tony.kruse@iberiabankmortgage.com |  214-289-5973

It’s the time of year your guest room gets EXTRA use!  If you are like me, you’ve been making your list and checking it twice; making sure that everything is ready for your family to arrive next week.  Of course, as your neighborhood experts on ALL THINGS REAL ESTATE, we have thoughts on how to make that room extra special this holiday season.  

As many of you know, I was raised in the south, in a home where southern hospitality reigned supreme, so when I think about sprucing up my guest room, my focus is the COMFORT of my guests.

10 Tips for a perfect guest room:
  1. Reach out to your guests beforehand and ask about any dietary request or “favorites” – I love having our guests favorite wine, scotch or spirit of choice when they arrive.  
  2. Prepare for midnight snacks and morning coffee. A tray of bottled water and granola bars is sure to be a hit.  If you have the room, a coffee bar is an extra special touch.  guest room coffee bar by lakewood realtor heather guild
  3. Make the room feel fresh and clean!  Open the windows while you dust and vacuum.  Run the ceiling fan and light a candle.  
  4. Buy a small bouquet of fresh flowers for the nightstand and bathroom.  
  5. Make the guest bed feel like a luxurious hotel room.  Think soft, layered linens!  An extra blanket or throw is a good idea for cold nights! 
  6. Guest Room East Dallas RealtorMake space in the guest room closet for your guests clothes and suitcases!  
  7. Make your guest room tech-savvy – leave the guests your wi-fi password and an extra phone charger(finding a plug can be annoying)!  Leave instructions on how to work the remote.
  8. Leave fresh towels and toiletries in the bathroom where they are easy to find.  I’m a huge fan of the Nate Berkus line of linens from Target!  Soft and luxurious, but inexpensive enough that you can replace them easily when needed.  guest room lakewood real estate
  9. Don’t forget the lighting!  A small lamp or nightlight your guest can leave on is a nice touch.   
  10. Start a guest journal…think about how much fun it will be to look back on the year and see who visited your home!      
See more of our guest room tips on our Pinterest Page:  At Home With Houseguests

 

Committed to excellent customer service, the Heather Guild Group at Dave Perry-Miller Real Estate provides service during the sale and for the life of your home!  

If you are looking for a home for sale in Lakewood or Lake Highlands or know of someone who would benefit from our services, we hope you will give us a call!  

Heather Guild Group, Dave Perry Miller Real Estate

972.755.9085 | hello@heatherguildgroup.com 

 

 

risd suspends plans at white rock trail elementary in lake highlands…

Plans for the new White Rock Trail Elementary in Lake Highlands, have been indefinitely suspended, according to RISD Interim Superintendent Dr. Jeannie Stone.

“From our perspective, the relationship between a home the schools served by it’s neighborhood are a significant factor in the property’s value.  We will be closely following the developments for White Rock Elementary students in order to better serve our clients in Lake Highlands.”  – Haley Wagstaff, Realtor

Faced with overcrowding at White Rock Elementary, the Richardson Independent School District created a plan that would divide the White Rock Elementary feeder pattern into two-parts and set out in search of a site to house the new neighborhood school.  (Read more about the proposed boundary changes)white rock elementary  lake highlands

Once the location of the new school was announced, parents and residents voiced serious concern over the location at the southwest corner of Walnut Hill and White Rock Trail.  It’s close proximity to a DART line, location off a a busy road, and a deed restriction on the property which prevent a school building were all points of contention between parents and the district.  As neighbors responded in force against the plan for the newly named “White Rock Trail Elementary”, yard signs for the “We Have a Voice” protest were evident throughout the neighborhood.

In response to the communities serious concern about the new school at White Rock Trail, and concerned that they will be unable to overcome the challenges the site raises, RISD has suspended their efforts to build a new school at that site.  They plan to finish the demolition currently in progress and stabilize the land, but have suspended work with the architect.

white rock elementary lake highlandsOf course, this still doesn’t alleviate the issue of the overcrowding at White Rock Elementary in the short or long term.  To help with the short-term issues, the board is working with the principal at WRE and the Lake Highlands Early Childhood PTA to get an accurate headcount on the enrollment numbers for 2017-2018.  They are expected to provide parents with an answer on whether or not their children will be accommodated at the school by the end of this semester.

In the long-term, the board has contracted with a growth planning consultant at Stantec, Inc.

“We must engage every household in the attendance zone in a non-biased way to extract the best information possible,” said Nayak, the consultant at Stantec charged with helping RISD solve it’s overcrowding issue.

Over the next few months, Stantec plans implement “Phase 1” of their research, which includes:

  1. 1) Capacity Analysis – will spend 4 weeks looking at the capacity of the existing building and site where White Rock Elementary is currently located.  The capacity analysis will focus on how efficiently the existing space is being used as well as go through the building room-by-room and teacher-by-teacher to better understand and evaluated the education programs offered.
  2. Site Analysis – both at White Rock Elementary and some neighboring schools such as Northlake Elementary as the utilization of space can differ by campus.
  3.  Review existing reports and surveys – plans to revisit previous reports and suggestions made by the Lake Highlands Reflector committee and others
  4. Community Engagement
  5. Survey WRE zoned parents – focused on a desire to understand the opinions of all parents with children that feed into White Rock Elementary
  6. Recommendation to the board – based on a data driven decision from the results of steps 1-5 above.

 

lwht_2016_social-media-image-resizedNothings says you love your neighborhood quite like agreeing to co-chair one of its largest, most anticipated events. The Heather Guild Group’s  Skylar Sutton Champion is overseeing this year’s Lakewood Home Tour, which is sponsored by the Lakewood Early Childhood PTA, and promises to be one of the best yet.

Lakewood Home Tour East Dallas Real EstateThe theme for the 40th Annual home tour is “Explore Lakewood.” Champion says the six houses on tour will be ready come the weekend of November 12. She has been working tirelessly on the home tour, in addition to her jobs as mother and top-producing real estate agent.

“Typically home tours tend to focus on interiors, and we certainly will,” Champion said. “The theme we chose this year is a nod to Lakewood’s unique setting in this city – the mature trees, the rolling hills, the creeks and lake views — so we’re highlighting several houses that have seamlessly incorporated these natural surroundings into their aesthetic.”

Among her many responsibilities, Champion helped select the homes on this year’s tour. She previewed several contenders, and along with her committee, decided which met the general theme and pre-determined criteria. Finalists run the gamut from a 1927 Dutch Colonial Revival to a 2016 Southern Luxe Farmhouse.

skylar-headshots-3-1-resized“It’s been so much fun being on the inside the last couple of years, working towards a common goal to raise money for local schools and organize something our whole community loves and looks forward to year after year.,” Champion said.

As an 8-year resident of Lakewood, Champion wholeheartedly believes in all it has to offer today’s residents and families.

“We consistently have some of the best schools in Dallas,” she said. “It’s my honor to help raise money for the schools my own children will soon attend: Lakewood Elementary, JL Long Middle School and Woodrow Wilson High School. Last year, the event raised $187,000, and had around 2,000 people tour the various homes.. This year, we plan to top that, and I’m confident we will!”

“Incidentally, I love that my worlds are colliding in this event,” Champion continued. “My company has an office here in Lakewood, and has been involved in the home tour’s success for the last few years. Once again, they will sponsor the Auction Party on Friday night and the Candlelight Tour on Saturday night and our team is co-sponsoring one of the homes on tour!”

Champion is a member of the Heather Guild Group of Dave Perry-Miller Real Estate, and has recently been named among the Top 25 Producers in East Dallas by the Lakewood Advocate, and a Top Producer/D Best Real Estate Agent by D Magazine.

ON the lakewood home TOUR THIS YEAR

6521 Bob O Link Dr - This vintage Dutch Colonial home was built in 1941 on an oversized lot. The homeowners’ 2015 renovation includes period detailing and the interior, designed solely by the homeowner, combines classic traditional pieces with French country flair along with transitional accents. The second-floor balcony overlooks a beautifully landscaped front yard (pictured at top of story), and in the back yard, an outdoor living area overlooks the pool.

6521 Bob O Link Dr – This vintage Dutch Colonial home was built in 1941 on an oversized lot. The homeowners’ 2015 renovation includes period detailing and the interior, designed solely by the homeowner, combines classic traditional pieces with French country flair along with transitional accents. The second-floor balcony overlooks a beautifully landscaped front yard (pictured at top of story), and in the back yard, an outdoor living area overlooks the pool.

6521 Bob O Link Dr – This vintage Dutch Colonial home was built in 1941 on an oversized lot. The homeowners’ 2015 renovation includes period detailing and the interior, designed solely by the homeowner, combines classic traditional pieces with French country flair along with transitional accents. The second-floor balcony overlooks a beautifully landscaped front yard (pictured at top of story), and in the back yard, an outdoor living area overlooks the pool.

7208 Dominique Dr - A stately Southern Luxe Farmhouse, this home was built on a double lot in 2016. Inspired by the southern estates in East Texas, this magnificent home is a treasure of architectural delights. It blends contemporary, transitional, classic and rustic designs to create the perfect home for a modern family. The wraparound porch gives a nod to a simpler time while the floor-to-ceiling windows add to the bright, contemporary interior. Every detail of the home is custom designed, from the wallpaper, drapes and furniture to the finishes and lighting. The carriage house is also a “must see”. Sponsored by: Heather Guild Group, New Leaf Custom Homes and Maestri, LLC Architecture + Design

7208 Dominique Dr – A stately Southern Luxe Farmhouse, this home was built on a double lot in 2016. Inspired by the southern estates in East Texas, this magnificent home is a treasure of architectural delights. It blends contemporary, transitional, classic and rustic designs to create the perfect home for a modern family. The wraparound porch gives a nod to a simpler time while the floor-to-ceiling windows add to the bright, contemporary interior. Every detail of the home is custom designed, from the wallpaper, drapes and furniture to the finishes and lighting. The carriage house is also a “must see.” Sponsored by: Heather Guild Group, New Leaf Custom Homes and Maestri, LLC Architecture + Design

6935 Lakeshore Dr. - Commanding attention atop a rolling hill in the heart of Lakewood, this classic Dutch Colonial Revival was built in 1927 by famed Lakewood developer Lee Kraft, of Dines and Kraft, as his personal family home. The current homeowners completed a full remodel, renovation and addition in 2014, bringing the home back to its original beauty. The interior is a reflection of the homeowners’ love of travel and experiencing new adventures and cultures. The growing family cherishes time together and spending it with their children in the backyard. The home is a perfect example of preservation and adaptation for modern living. Sponsored by: JacksonSells and Chicago Title – Skillman/Lakewood Office

6935 Lakeshore Dr. – Commanding attention atop a rolling hill in the heart of Lakewood, this classic Dutch Colonial Revival was built in 1927 by famed Lakewood developer Lee Kraft, of Dines and Kraft, as his personal family home. The current homeowners completed a full remodel, renovation and addition in 2014, bringing the home back to its original beauty. The interior is a reflection of the homeowners’ love of travel and experiencing new adventures and cultures. The growing family cherishes time together and spending it with their children in the backyard. The home is a perfect example of preservation and adaptation for modern living. Sponsored by: JacksonSells and Chicago Title – Skillman/Lakewood Office

8 Nonesuch Rd. - Situated on an acre lot, this beautiful, traditional, two-story home was built in 1997. It is surrounded by large, enduring trees on land that once belonged to retail icon Stanley Marcus of Neiman Marcus. The current homeowners completed a major renovation in 2014 to fit the needs of their large, fun-loving family. The floor-to-ceiling steel doors at the rear of the home are the perfect frame to the backyard oasis. It is complete with a naturally landscaped pool, a deluxe outdoor living space, and multiple areas for entertaining, including a large fire pit. This home is truly an entertainer’s dream.

8 Nonesuch Rd. – Situated on an acre lot, this beautiful, traditional, two-story home was built in 1997. It is surrounded by large, enduring trees on land that once belonged to retail icon Stanley Marcus of Neiman Marcus. The current homeowners completed a major renovation in 2014 to fit the needs of their large, fun-loving family. The floor-to-ceiling steel doors at the rear of the home are the perfect frame to the backyard oasis. It is complete with a naturally landscaped pool, a deluxe outdoor living space, and multiple areas for entertaining, including a large fire pit. This home is truly an entertainer’s dream.

6723 Sunnyland Ln. - This urban contemporary home was built in 2016 on a cul-de-sac lot overlooking White Rock Creek. The interior is inspired by British designer Timothy Oulton and incorporates dark accents, crystal chandeliers, and polished concrete-and-walnut floors to complete the urban feel of the home. The walls of glass and the multitude of windows bring the outside in and create Lakewood’s very own modern Swiss Family Robinson “tree house”. While the home is glamorous and sophisticated, it is also homey and inviting. Even the family’s large Great Dane has her own room, complete with doggie door and custom built-ins. Sponsored by: Nancy Johnson Group and Republic Title Lakewood

6723 Sunnyland Ln. – This urban contemporary home was built in 2016 on a cul-de-sac lot overlooking White Rock Creek. The interior is inspired by British designer Timothy Oulton and incorporates dark accents, crystal chandeliers, and polished concrete-and-walnut floors to complete the urban feel of the home. The walls of glass and the multitude of windows bring the outside in and create Lakewood’s very own modern Swiss Family Robinson “tree house”. While the home is glamorous and sophisticated, it is also homey and inviting. Even the family’s large Great Dane has her own room, complete with doggie door and custom built-ins. Sponsored by: Nancy Johnson Group and Republic Title Lakewood

3201 Wendover Rd. - This iconic Early Texas Modern home was built by O’Neil Ford and Arch B. Swank in 1939 for Juanita and Alfred Bromberg, who lived there for 60 years. The unimposing, sleek-lined, modern home is nestled in the trees and sits on 10 acres of prime Lakewood Real Estate. Upon entering the property down the long, winding, gravel driveway visitors are transported from the city to a serene countryside estate complete with trails, bridges, wildlife, and the family dog, Duke, roaming freely. The home features numerous screened porches and balconies to escape into the forest and enjoy prime views of the meadows, babbling brooks and creeks. After acquiring it in 1999, the homeowners went to great lengths to preserve and return Lakewood’s famed “Hidden Jewel” to its former glory. The homeowner continues to maintain a deep appreciation for American architecture and design. His wife had been the president of Preservation Dallas prior to her untimely passing in 2009. The home, which is on the National Register of Historic Places, is rich in character and full of history

3201 Wendover Rd. – This iconic Early Texas Modern home was built by O’Neil Ford and Arch B. Swank in 1939 for Juanita and Alfred Bromberg, who lived there for 60 years. The unimposing, sleek-lined, modern home is nestled in the trees and sits on 10 acres of prime Lakewood Real Estate. Upon entering the property down the long, winding, gravel driveway visitors are transported from the city to a serene countryside estate complete with trails, bridges, wildlife, and the family dog, Duke, roaming freely. The home features numerous screened porches and balconies to escape into the forest and enjoy prime views of the meadows, babbling brooks and creeks. After acquiring it in 1999, the homeowners went to great lengths to preserve and return Lakewood’s famed “Hidden Jewel” to its former glory. The homeowner continues to maintain a deep appreciation for American architecture and design. His wife had been the president of Preservation Dallas prior to her untimely passing in 2009. The home, which is on the National Register of Historic Places, is rich in character and full of history.

Home tour photography by Jenifer McNeil Baker