Michael Russell writes about a variety of subjects, including real estate, environmentalism, and modern architecture. This article discusses real estate trends in Dallas. If you would like to learn more about Dallas apartments, visit Apartment Finder.
Archive for Dallas Real Estate
Nov
04
Dallas Real Estate: Hesitant Buyers Rent Apartments
Posted by: | CommentsSafe High Return Investments DFW
Dallas may be a city on the rise, but in 2008 its new home sales tumbled. According to statistics released earlier this month by housing analyst MetroStudy Inc., sales in the Dallas-Fort Worth area dropped by 30 percent in the final quarter of 2008, leaving many new lots vacant.This problem is rooted in America’s subprime mortgage. First-time buyers are unable to attain loans because down payments are too high and lenders are adhering to stricter lending standards. But it also due to hesitant buyers—a public mindset that says now is not the right time to purchase real estate.A public mindset, though, is just that—public—a collection of opinions that shape our society. It does not pertain to individuals. For some people, with housing prices plummeting, now is an ideal time to invest in real estate. For others, people still working to save for a down payment or find the right location, now is not the time to buy. Either way, it is a personal circumstance, one that is ultimately influenced by larger public opinion.Popular opinion can be paralyzing and it can be liberating. It’s exactly what got the real estate market into its current state. When banks were lending at will, and when buyers took advantage and got in over their heads with mortgages they couldn’t afford, the real estate bubble burst. Now popular opinion is telling people not to buy. The trick, after serious consideration and analysis, is to simply ask yourself if now is the right time to buy.With so much property sitting on the market in Dallas, prices will inevitably fall. But buyers must also beware of saturation. If too many homes are on the market and not selling, a standoff could occur, rendering helpless both buyers and sellers alike.The Dallas Morning News ran an article recently about the situation.Builders and analysts are wondering how much more new-home sales will fall.”That’s the million-dollar question, and a lot of that depends on what happens in the economy,” said David Brown, who heads MetroStudy’s Dallas office. “If you put it in perspective with the downturn that happened in the 1980s, the decline then from the peak was a 55 percent drop in sales.”Local builders responded by trimming starts of new houses to the lowest level in 17 years. Only 3,727 homes were started in the final three months of 2008.With this news in hand it is up to buyers to determine his or her timing. If it is financially viable, go forward with a purchase. If it is not, rent an apartment until your capital and the market look more favorable—this at least mirrors the trend, when public opinion rules, it’s best to rent an apartment.
Safe High Return Investments Dallas
Nov
02
Buy Dallas Real Estate Instead of Renting
Posted by: | CommentsSafe High Return Investments DFW
In case you are moving to Dallas know that buying real estate over renting makes better financial sense.
Purchasing Dallas real estate is the best move you can make financially because if you are leasing a home or a condo then your monthly lease payments are going directly to the landlord’s pocket with no return for you in it. If you purchase any real estate in Dallas then the cash you invest in your mortgage monthly is going into building your property equity. When you have equity in a home you will be rewarded ion many ways. In addition, you will own your home instead of just leasing a house from someone else.
Having a family can make it hard and pricey to locate a lease home that has the right amount of room that is needed for you and your entire family. It is not uncommon for folks with families to end up spending more in rent for a lease home than what they might pay for a monthly mortgage payment if they had just purchased a home.
Many people lease homes instead of buying for one main reason when relocating to a new city is because they are uncertain what part of the big city they want to live in. One of the other reasons people rent over buy is temporary job status. Now, if you have the job security and the credit needed then with the services of a great Dallas real estate agent you can find some nice homes for sale and you can complete the entire process of buying a home as easily as you could leasing a property.
When you have a savvy agent that can provide you with Internet videos, photos, land surveys and all the other information about a property that would be just as good as if you were actually there to tour the property in person which will save you a bunch of time. Furthermore, when buying Dallas real estate you can also apply for a mortgage and start working with a lender the same way that you would apply for a rental home and start working with a landlord.
Are you worried about the down payment that you would need to purchase a home? Well, don’t be. When you work with the right lender and you are sure that your credit rating is good you will be able to qualify for a no money down home loan.
When buying a piece of Dallas real estate with little or no money down mortgage you could end up purchasing Dallas real estate and residing in your very own home while paying less than you would for rent on a new apartment. That is because if you were relocating into an apartment you would have to put down the first and last month’s rent. In addition, if you happen to have a family and need to lease a house or a larger apartment, your first and last month’s rent can become a large amount of money to come up with.
When comparing renting vs. buying you will find that you can actually save money when you buy Dallas real estate instead over rent.
For the latest properties of Dallas Real Estate and Dallas Real Estate for rent and for sale go to our Dallas Homes website. Brought to you by Jordan Hashem
Safe High Return Investments Dallas
Oct
30
Dallas Real Estate Market
Posted by: | CommentsSafe High Return Investments DFW
Market snapshot: As of Monday, January 28th, 2008
Seth Callen is an insurance and mortgage broker in Lawton Oklahoma.
Safe High Return Investments Dallas
Oct
29
Looking For a Good Dallas Real Estate Investment? Try a Fractional Ownership
Posted by: | CommentsSafe High Return Investments DFW
If you travel to Dallas for business frequently or if you have employees that need to travel to Dallas frequently for business then buying a fractional ownership in a Dallas hotel, condo or resort might be a better Dallas real estate deal than having to pay for a hotel or rent an apartment in Dallas.
If you are a business traveler and you know that you will be going to Dallas to do business at certain times, like the first week in the month, then you could save money and be more comfortable buying a fractional ownership in a Dallas real estate condo development instead of staying in a hotel.
When you buy a fractional ownership the condo or whatever piece of Dallas real estate that you are buying a fractional ownership in is your property for that specified time and you can arrive whenever you want and leave whenever you want without having to arrange for a late check in or an early check out or doing any of the paperwork that you would need to do in a hotel. You also don’t need to worry about booking a hotel and seeing what hotels have rooms available or staying in an uncomfortable room.
A fractional ownership condo or resort usually comes with all the services that you’d expect to find in a high class hotel like maid service, laundry service, parking, sometimes even meal or grocery service so that you don’t have to worry about buying groceries or getting food. So a fractional ownership in a Dallas condo would give you all the comforts of a nice hotel but without the stresses of a hotel.
Often too a fractional ownership can be cheaper than paying for a few days or even a week of staying at a nice hotel. Fractional ownerships are managed by Dallas real estate agents. Those Dallas real estate agents handle the sale of the fractional ownership and also handle any problems that come up during your stay in the fractional ownership property and are responsible for managing the fractional ownership property and making sure that it’s cleaned regularly and kept in good repair.
If you are an employer who has employees that travel regularly to Dallas for business then buying a fractional ownership through a qualified Dallas real estate agent makes a lot more sense than paying for your employees to stay in a hotel. You can buy a fractional ownership in a condo group or resort near the place where your employees will need to be and then you won’t have to worry about them getting to the office on time or having huge hotel bills.
Usually lodging is the biggest expense when it comes to business travel because most airlines will give business travelers a discount but hotel prices can be really expensive, especially if the employee needs to stay for three or four days. So talk to a Dallas real estate agent about buying a fractional ownership in a Dallas condo group or resort if you want to save money on your employees’ business travel to Dallas.
This article is brought to you courtesy of Jordan Hashem who is a leading expert in the Dallas real estate and Dallas relocation markets.
Safe High Return Investments Dallas
Oct
28
Employers: You Can Save Money When You Buy Dallas Real Estate For Your Employees
Posted by: | CommentsSafe High Return Investments DFW
Are you always sending your employees to Dallas for work? If so, you’re probably paying thousands of dollars every year in hotel bills and other expenses for your employees.
If you want to cut back on the amount of money that you spend on travel costs for your employees but your employees still need to travel to Dallas on a regular basis and that’s not going to change anytime soon then you should think about buying some Dallas real estate to house your employees when they need to be in Dallas for work.
If you have just one employee traveling to Dallas at a time you can buy a nice single family home and your employee can use that home as a base of operation while in Dallas. If you have several employees that travel to Dallas on a regular basis then buying a larger piece of Dallas real estate, like a small apartment building, is a good way to save money on your employee’s travel costs.
If you want to invest in a piece of Dallas real estate to put your employees up in when they are in Dallas for business you should consult a Dallas real estate agent about the many options that are on the market when it comes to Dallas real estate. Right now there are lots of single family homes available in the Dallas real estate market. It would be a good idea to hire a real estate agent or a management firm to take care of the home or the apartment building or whatever piece of Dallas real estate that you decide to buy so that someone is always there locally to make sure that the Dallas real estate is clean and doesn’t have any major problems like a leaky roof or broken windows.
If you are thinking of moving your business to Dallas or setting up a new branch of your business in Dallas then buying some Dallas real estate as a place for your employees to stay when they are in Dallas on business can be a good way to see which employees might be open to the idea of moving to Dallas and it would give those employees a nice stable and inexpensive base of operations that they could use to start the process of moving the business to Dallas or opening a branch of the business in Dallas.
The Dallas real estate agent that you hire to manage the property might also be able to help your employees find a commercial Dallas real estate property that would be suitable to house your business operations in Dallas or to serve as the Dallas branch of your business.
When you weigh the costs of a hotel for one employee or several employees that travel to Dallas regularly for work you’ll see that financially it makes more sense to just buy some Dallas real estate for your employees to stay in. You can always use the Dallas real estate as a place for clients to stay if necessary if your employees don’t need to stay there or you can hang onto it and sell it at a profit later on.
This article is brought to you courtesy of Jordan Hashem who is a leading expert in the Dallas Real Estate, and Dallas Mortgage Markets
Safe High Return Investments Dallas