Real Estate

Oct 31 2016

Dallas Homes for Sale and Real Estate Listings #winston #salem #real #estate

#dallas texas real estate

Dallas Texas Homes for Sale and Real Estate Listings

Dallas is one of the fastest growing cities in America with hundreds of unique communities and neighborhoods that cater to all walks of life. Needless to say, searching homes and real estate in such a large, complex market can be overwhelming.

How to find a home in Dallas

1. Pick Your Price Range

To avoid disappointment, the first step should always be to see what you can afford when moving to a new home. Thanks to the economic downturn, mortgages aren’t as easy to come by so it’s essential to get a certificate of approval for lender. As well as calculating the amount you can borrow, consider the repayments carefully. Interest rates are expected to rise significantly from their current all time low, so leave some comfortable cushioning so that you will still be able to afford your mortgage in 2 or 3 years time. These days you will also need to put down a sizeable deposit and you will incur some buying costs. It is a good idea to get estimates from professionals on all the costs, including removal costs so you are not caught by surprise at the closing.

2. Pick Your Neighborhood

First things first, read our Dallas neighborhood profiles. Checkout commute distances, particularly if you need to travel to work. Find out whether the school district is good and whether there is a low crime rate. No matter how nice the house is, if the schools have poor standards or you feel unsafe, you will not be happy there. Take into consideration what local amenities there are in terms of parks, banks, local supermarkets, churches, gyms, cinemas or whatever else is important to you.

3. Choose Your Size of Home

We all dream of a palatial new mansion in Highland Park. but it is not always the most practical solution. Make a list of your minimum requirements followed by a list of optional extras. Do you need a swimming pool, garage, private garden, off-road parking for several cars, a separate dining room or a spare guest bedroom? Once you have your priorities listed you are less likely to be tempted by an unsuitable property just because it is decorated to your taste, or cheaper than the rest. Stick to what you absolutely decide you need and let any additional amenities be a bonus. The size of home will also govern the property taxes and heating or cooling costs, so look carefully at the whole picture. Part of this preparation should include the decision to buy a condo with a set monthly maintenance fee, or a single-family home which you will be responsible for maintaining and insuring.

4. Use a Home Inspector

Even a new home may have serious faults and a home inspection is not a waste of money. He/she will test all appliances, examine flooring and roofing with a trained eye and will ensure that everything is in working order and there is no evidence of subsidence, termites or rot. Can you really afford not to have this reassurance?

5. Do Your Homework

Once you have chosen a home that seems to meet your requirements, make sure that you are not overpaying for your new home. Checkout the recent sales of similar homes in the area. You need to buy a home that you can sell at a profit, not be stuck with negative equity. If the homes surrounding you are more expensive, they will pull the value of your home upwards. Conversely if your home is surrounded by low value housing, they will drag the value down. Ask your agent for a Comparable Market Analysis.

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