Well it’s time for the annual D Magazine issue outlining the best suburbs and cities in the Dallas Fort Worth TX Metroplex. No surprise, but the top spot for 2014 goes to Highland Park – but what if your budget is (slightly) lower? 😉 Check-out which areas round-out the rest of the top 10: Parker, Colleyville, University Park, Murphy, Southlake, Trophy Club, Flower Mound, Highland Village, and Allen.
Several of my current clients are considering the purchase of a brand new home from a builder. Why? The tight supply of available homes vs. the demand for homes in N. Texas is very noticeable this year! Here are some of my quick thoughts about the subject: Read More
Several downtown Dallas historic buildings are being re-purposed into residential units due to high demand for downtown residences. Learn more about this in in my recent video and read more by clicking THIS LINK.
Lengthening commute times and increasing fuel costs over the past couple of years have spurred an increased interest in re-purposing some historic buildings in the downtown Dallas area into residential units. One landmark which is about to undergo this type of transformation is the 50+ year-old Statler Hilton Hotel on Commerce Street which has been completely vacant for 10+ years. Centurion American Development Group, headed by Mehrdad Moayedi is currently in the process of acquiring the building. Click here to read more about their plans for this huge Dallas landmark.
I’ve talked with several clients lately who are open to exploring a future move to the downtown or uptown areas of Dallas. Wondering what’s currently available? You can start your search for all available real estate listings in the Metroplex by clicking HERE.
I evaluated some investment properties in the Hurst/Euless/Bedford area this afternoon, as I have several clients who are jumping into the investment market right now. See photo of one of them, currently priced in the $70K’s and would likely rent for about $850 to $900 per month. That’s good cash flow for most investors. The home rental market is extremely strong these days in the Metroplex.
Most lenders require 20% to 25% down payment to buy an investment home, and interest rates are typically below about 5% at this time for that type of loan. Why not have a tenant pay down your indebtedness for you, as eventually you’ll have a paid-off asset in your portfolio. 🙂
You might be surprised to learn that there are 245 available properties in Tarrant county right now, priced between $50K and $100K, and with at least 3 BR and 2 BA and a garage! GREAT opportunity for first-time home buyers and investors alike! I’d be happy to send you the list (or one for any county in N. Texas) – just let me know.
Give me a shout at any time – it’s my pleasure to be of help to you in any way that I can. Ready to begin your search? Click HERE.
I recommend 100% of the time that my home buyers obtain a home inspection as soon as possible once they contract to buy a particular home. Why? Because a licensed inspector has ZERO emotional attachment / financial interest in the home. They’re a highly-trained, impartial party who looks for clues and gives a report based upon their training and expertise.
The inspection process examines key components and systems of a home which sometimes have hidden flaws and may be expensive to repair. If the issues are discovered early in the contract phase, they can often be repaired and/or sales price concessions can be negotiated as compensation for the issues.
Some of the major areas reviewed by an inspector are: roof, foundation, appliances, HVAC system, plumbing, electrical, windows, etc. If a specialist is needed for an additional assessment, their report will recommend that (for example, if there is evidence of potential foundation issues, the inspector will recommend that a foundation specialist or structural engineer perform further evaluation).
Since a home inspection is usually just a few hundred dollars and you’re in the process of making one of the largest purchases of your life, please don’t cut corners on this important due diligence step in the purchase process.
Within my network are amazing inspectors who do excellent work for my clients every day! Let me know if you’d like a referral to one of them.
I can definitely tell you that this year is shaping-up to be strong for real estate in DFW. As I’ve discussed with several of you lately, this Jan/Feb has felt more like a Spring/Summer market here!
As such, I want to be sure that you have resources to guide you along the way to your dream home this year. Realtor.com has provided a handy downloadable guide which expands upon the following 5 steps:
1.) Prepare like a pro. Make your list of “Must-Have’s” for your next home.
2.) Know what you can afford. There’ve been lots of changes in the mortgage lending industry over the past few years. I can connect you with a truly knowledgeable mortgage professional.
3.) Take your search on-the-go. There are some excellent apps out there for your phone or tablet. BTW, Realtor.com has a great app!
4.) Find the right partner. Connect with an agent who’ll seek win-win solutions and always puts your interests ahead of their own.
5.) Make an attractive offer. In a competitive seller’s market, I can advise you on some of the best ways to present yourself as a bonafide buyer.
So, hop on it – go for it – just do it, etc.! 😉 I’m here for you all day, every day when questions arise. Let me know what you’re thinking, and we will make a plan to help you get to your dream home this year!