Sunday, October 25, 2009

Real Estate, Buying In Your Best Interest

By Walter Curtis

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 these economic times you must make yourself aware of every advantage available to you, whether buying or leasing. Issues like short sales and foreclosures are a bigger part of the market than ever before. Opportunities are out there that encompass both the high and low end of the market. Whether you're looking in the $80,000 to $150,000 price range or you're interested in top of the line residential or commercial real estate, if you're unsure about qualifying for a home loan, or you have the benefit of a recent sale, your most significant find may lie 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.

You'll find living conditions afforded by the prime Real estate in Carrollton, Texas that offer a lifestyle that is safe and affordable, yet vibrant. With many shopping and dining experiences available to you, Carrollton is definitely open for business. If you're comfortable being surrounded by technology, it may be of interest to you that according to Neighborhood Scout, Garland, Texas has more people living there who work in computers and math than 95% of the places in the US. Beautifully landscaped homes for sale in well established communities like Garland, Texas offer low crime and great neighbors. Don't overlook homes for sale in Allen, Texas, either. Allen is a proactive business community, as witnessed by the Millennium Technology Park and Millennium Corporate Center, yet the city is a close knit community in Southwestern Collin County, Texas with an emphasis on family values.

Your real estate agent in McKinney, Texas can show you recent sales of similar properties in Frisco, Texas, and compare those to other outlying cities, to help determine the price range that best fits you. Your agent can show you properties Texas Collin County, Texas, or in Denton County, Texas, or in portions of Dallas County, Texas and can also help find good values on properties in any of the other exciting cities in the Dallas Fort Worth area. It's important to have your agent help analyze all the available data. In depth knowledge of the condition of the home you are viewing, what improvements have been made, or what improvements are needed, current market conditions that affect price, and the seller's position, all provide important input as you settle on a fair price and any qualifications or additional terms you may want to include in your offer. Ask your agent to help you with these and any other issues affecting 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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