Thursday, October 29, 2009

Buying Real Estate, What's In It For You

Are you considering a move to the Dallas-Fort Worth, Texas area? Consider the following: Whether you're buying or leasing a home for yourself or you're looking for residential income property or commercial income property, think about the added value of locating in one of the many communities in the surrounding area, especially to the north and east of the Dallas metroplex. With a little research, I hope you'll see that with a move immediately north or east of Dallas, there may be more in it for you.

In today's tough market you need to be aware of any advantage that may be available to you, regardless of whether you're buying or leasing. Short sales and foreclosures are a significant part of the market today. Opportunities have been created in both the high and low ends of the market. Whether you're interested in the $80,000 to $150,000 price range, maybe you're unsure about qualifying for a home loan, or you have the benefit of a recent sale, even if you're looking at top of the line residential or commercial real estate, your best value could be waiting for you in the area just outside of Dallas.

Some of the fastest growth around these days is seen in the real estate in Frisco, Texas, where the emphasis is on newer, single family homes with availability to amenities like golf, hiking trails and clubs. You should also check out real estate in McKinney, Texas. McKinney was established in 1848, and it has one of the oldest authentic downtowns in Texas. Be sure to look at homes for sale in Plano, Texas, population 250,100, voted by CNN and Money Magazine as the 11th best place to live in the US. But don't overlook what the future holds for real estate in Prosper, Texas, one of the fastest growing regions of the continental US. Located an easy commute of 35 miles north of Dallas, Prosper boasts a school district unsurpassed in the Dallas metropolitan area. It's one of the best kept secrets in Texas.

Discover beautifully landscaped neighborhoods, low crime, great neighbors, and stately homes for sale in well established communities like Garland, Texas. If technology is of interest, you may be surprised to learn that, according to Neighborhood Scout, Garland has more people living there who work in computers and math than 95% of the places in the US. Consider homes for sale in Allen, Texas, too. Allen is a close knit community in Southwestern Collin County, Texas. Even though Allen's emphasis is placed on family atmosphere, the city is a proactive business community, as witnessed by the Millennium Technology Park and Millennium Corporate Center. You'll find living conditions surrounding the prime real estate in Carrollton, Texas safe and affordable, yet vibrant and "open for business," with plenty of shopping and dining opportunities available to you.

A real estate agent in McKinney, Texas, or Frisco, Texas, or any of these other cities, can help you with significant finds of properties in any of the other exciting communities in the Dallas-Fort Worth area. An agent in Denton County, Texas can show you properties in Collin County, Texas, or in even in portions of Dallas County, Texas. They can help you look at recent sales of similar properties to help you come up with your price range. The agent can help you analyze additional data-the condition of the home, improvements that have been made or that are needed, current market conditions, and circumstances of the seller that can help you settle on a fair price and any qualifications or additional terms you may want to put in your offer.

Look for an agent that is truly willing to work with you, to serve your best interest, and one who is not so eager to move you to close just to make the deal. Specifically, have your agent show you recent sales of similar homes, including comparisons from one community to another. Getting your best deal requires a well prepared and fully implemented plan that compares prices of homes that are similar in square footage, number of bedrooms and bathrooms, garage space, lot size, and type of construction.

Don't hesitate to find an agent who can focus on your specific requirements. Even at an $80,000 to $150,000 price range ask about houses in foreclosure or those that may be involved in a short sale. Your best interest is served when you find the right deal by aligning your effort with a real estate agent focused on what you want and need. Remember, buying a home is likely to be the most important investment you will make in your lifetime. A good real estate agent is one that recognizes that his or her best interest is dependent on serving your best interest.


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