I would suggest buying vs renting in today's market. It is actually cheaper in the Dallas area to buy and with interest rates at an all time low and the amount of foreclosures available. You can easily walk into thousands of dollars in equity. I list HUD foreclosures for the government and see absolute steals on a daily basis.
The thing is as everyone knows the markets has peaks and valleys. We are definitely in a valley right now but in the DFW area our economy is strong due to our excellent job market. In my professional opinion we will see a sever decline in foreclosures in this area over the next couple years. If you are able, it might not be a bad idea to buy a place now while everything is at an all time low, and rent it out until you are ready to make the move.
We even have a property management team that would take care of advertising, screening tenants, repairs, etc .Please email me at firstname.lastname@example.org if you have any questions about buying a foreclosed property or anything real estate related for that matter. Have a great weekend!
Coldwell Banker Apex Realtors
Congratulations on your decision to move to Dallas. For one person you can rent a small house or condo ( about 1200 sq. ft) starting at $1100/mth to $1300/mth. The rental market in Dallas is very fast moving so I would suggest looking at these 2 to 3 months before your move. I can send you a listing of all that is available in this price range. You can send me an email at email@example.com.
Congratulations on deciding to move to Dallas. Two years out is simply too far to guess at what our real estate market will be like (up or down). As for as renting, the typical rent on a single family residence or condo is 8/10 of 1% of the home's value. If you are looking to rent a home valued at $140,000, then you can expect to pay $1,120/month in rent. Please know that the rental market is picking up - so much so that new luxury apartments in Far North Dallas are in the works as we speak. 3 years ago, many apartment communities were offering free rent as a concession to get business. Those deals are far and few, now. The foreclosures have forced many more people who would never have thought of renting to now be tenants.
I suggest you keep an on the market, and look more closely when you are about 6 month's from your move.
All the best,
R. Will Fairchild
Commercial and Residential Solutions
I would recommend Darrel at DMD Realty. He can be reached at the above links...... He can send you listings, ect thru his website.
He can help you buy a home or with a rental as well.
(214) 763-4629 cell/text/nights/weekends(Really!!)
Lending all across the entire Great State of Texas!!
As far as buying goes the $140's is a fine price range to find something that meets your criteria. With the minimum down FHA loan you payments would probably be in the $1200 range. If you are looking to rent something around the $1200's you can find it for that but depending on the city you wont have a big variety to choose from. Let me know if I can do anything to help you.
Direct Link over 70 DFW areas homes for rent by owner
Lynn911 Dallas Realtor & Consultant, Credit Repair Advisor
The Michael Group - Dallas Business Journal Top Ranked Realtors