Home Buying in Fort Worth>Question Details

Janemcewen, Home Buyer in Fort Worth, TX

I have been advised to not buy in Fort Worth due to it been a renters market not a buyers market. Would love to hear opinions??? Thanks

Asked by Janemcewen, Fort Worth, TX Wed Nov 16, 2011

I am an Australian investor and don't have the best understanding of the US markets. I have recently switched from Atlanta, GA to Fort Worth TX as an investment market.

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Answers

10
Fort Worth is a buyers market but it is also a great place to have rentals also.
Web Reference: http://www.nhsfortworth.com
0 votes Thank Flag Link Fri Dec 2, 2011
Oh, my! There is so much garbage going around, and many people have "opinions" about the real estate market but they don't actually know what they are talking about.

Just what is a "renter's market"...??? You can rent a house in nice neighborhoods around here, but the rents are going up due to high demand from the people who can't qualify to get a loan.

And what is a "buyer's market"...??? We have nice houses for sale all around Fort Worth, and some are at discounted prices. We have many sellers who are selling their homes, and getting a fair value for them. The North Texas real estate market does not have the same issues that markets do in other major cities.

I have been selling homes and leasing houses here in Tarrant County for almost 32 years. The values keep going up, and the demand just keeps coming. More people are moving into Texas than into any other state. You could not find a better market to invest in, no matter what you call it!

So let us know what your investment goals are and we will help you find the right vehicle to achieve them. How about a 14% return on your money --guaranteeed? Would you prefer that to being a landlord?

Contact me for details.

Rick DeVoss

---The Michael group

817-300-6121
0 votes Thank Flag Link Thu Nov 17, 2011
OH my was the person who told you this real estate consultant ? Did they proof to you stat's. I work with investors world wide

YTD 2011 through Oct 2011
------------------------------------------
A. 47,306 homes have SOLD 7 counties
B. Tarrant County includes Fort Worth 14,207 SOLD

Direct Link for current DFW homes sales report throught Oct 2011
http://www.lynn911.com/Web/AR287090/CustomContent/index/5060422

Direct Link homes for sale in Fort Worth
http://www.lynn911.com/Web/AR287090/CustomContent/index/5130258

Lynn911 Dallas Realtor & Consultant, Credit Repair Advisor
The Michael Group - Dallas Business Journal Top Ranked Realtors
972-699-9111
http://www.lynn911.com
0 votes Thank Flag Link Thu Nov 17, 2011
I work with investors. Please review my blogs about the explosive growth in the Alliance Corridor. This area is an investor's paradise! Check out the Hillwood Development website (A Ross Perot Company) and what the future plans are for exponential growth in NORTH FORT WORTH. There are several pieces of raw land that could provide you a return on your investment within the next 5-7 years. Please contact me and let's talk about your business plan and exit strategy.
This blog is full of direct news bulletins that I have accumulated over the past 4 years:
http://www.trulia.com/blog/lucy_puniwai/

I look forward to hearing from you!

Lucy A. Puniwai
puniwai@fathomrealty.com
0 votes Thank Flag Link Wed Nov 16, 2011
There is a wide variety of "markets" in the Fort Worth area. It really depends on the subdivision, schools etc. If there is a certain area or school district you are interested in I could certainly provide more information. Let me know how I can help!

Sarah Padgett
Century 21 Judge Fite Company
cell: 817-614-6390 (call/text)
sarahpsellshouses@gmail.com
0 votes Thank Flag Link Wed Nov 16, 2011
Ft. Worth is a big place.....one of the fastest growing cities in the United States.
There are some great foreclosures to be had, rental market is strong.
I disagree.... I'd be scared to death to invest in Atlanta.
Watch this video... http://www.youtube.com/watch?v=FC16-4fh-Qc
Check out this article... http://recenter.tamu.edu/pdf/1976.pdf

Obviously lots of investors have different strategies and many of them work well.
I personally think in this area, buy in the best school districts. Buy foreclosures (REOs).
3bed 2bath 2car garage.... 5-10 years old.

You can see some sample homes at the link below.

There are other Australian investors coming here. We actually work with investors from all over the world, but seems like Australians are coming on strong this year.

We are investors ourselves and very picky about the vendors we choose, the properties we put our investors in, and who manages them for you. Call or email me if you would like more information.
0 votes Thank Flag Link Wed Nov 16, 2011
Bruce Lynn, Real Estate Pro in Coppell, TX
MVP'08
Contact
11/16/11

Hello,

Unfortunately no one can predict if a market will go up or down, I can tell you that Texas in general is a very strong market. We have not had a lot of the wild swings that some parts of the country have had. We have worked through a good amount of the foreclosures and short sales so there isn’t a lot of inventory at bargain basement prices.

Texas leads the nation in job growth and a lot of people are moving here. Many rent until they get established and then they buy. What you really need to do is contact a local realtor to discuss your expectations and see if they match the market.

Good Luck,
John Reaves
Keller Williams Realty
817-920-7700 (office)
0 votes Thank Flag Link Wed Nov 16, 2011
I am not sure who advised you, but in my experience, there are an equal amount of properties posted for sale as for lease each day on the Multiple Listing Service. Many home owners have chosen to lease their homes due to the downturn in home prices in the past 3 years, because the market value of their home has fallen. However, investors are finding very reasonably priced homes on the foreclosure market, renovating them, and leasing or selling them quickly. Home prices are a great value right now in Fort Worth, and with the low interest rates, it is a wonderful time to buy.
0 votes Thank Flag Link Wed Nov 16, 2011
Hi, and thanks for your inquiry. The Fort Worth market is relatively stable and is a buyer's market. Homes are available at excellent prices. If you would like to be notified of new listings as they hit the market, please feel free to call or email me. Thanks!

Megan Phelps
RE/MAX Heritage
817-999-2211
0 votes Thank Flag Link Wed Nov 16, 2011
Hello Jane,

I am a realtor here in the Dallas/Ft Worth area for the #1 firm in Texas. I can tell you with absolute confidence that Ft Worth is a ripe market. The factual real estate statistics support this. Currently, there is a 6 month inventory of homes for the DFW area. This is indicative of a balanced market, neither buyer's or seller's. However, homes are taking a bit longer to sell, which tends to make sellers more eager to accept less than optimal offers.

Jane, if you are ready to buy and need a professional who will take your search seriously, I'm eager to help or am simply happy to answer any questions you may have along the way. Let's talk!

patrickfields@ebby.com
214-728-1650
Web Reference: http://www.ebby.com
0 votes Thank Flag Link Wed Nov 16, 2011
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