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Dallas : Real Estate Advice

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  • Home Buying3
  • Home Selling0
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Activity 12
Wed Apr 19, 2017
carol asked:
Sat Dec 28, 2013
Francisco Garcia answered:
As you can see many hands will raise to try to get your business, the true is the all realtors are licensed, and most of them will do a great job to help you out, all I can say is to try to get some one familiar with this particular city/area to make sure they can advice you about changes in Dallas flood zones, the premiums for flood insurance are just not affordable and just wait until you try to sell your property, no one wants to see them, just few weeks ago a new area was tagged flood zone and the prices went down about 10% but the houses are still there, during the 1996 flood some of Dallas areas got some street water but the government went ahead and labeled a large area and all those homes went down in value, the flood deal is just one of many issues your realtor need to take care of for you, hope you find the one that will make your dreams come true. There are some great areas in Dallas I just sold two homes in the North side of town ... more
0 votes 11 answers Share Flag
Sat Nov 16, 2013
Brian Kennedy answered:
fill out application for apt rentals cant seem to find on-line
0 votes 1 answer Share Flag
Sun May 26, 2013
Kevin and Julie McLaughlin answered:
The short answer is 'yes', you can sell your property yourself but you must use a Realtor to get the listing on Trulia.
0 votes 3 answers Share Flag
Fri May 3, 2013
Mark T Slay asked:
my wife and i r geting r taxes back this month or early next month. we boath have full time jobs. im a supervisor at dairy queen and my wife is the head cook at independence health and rehab.…
0 votes 0 Answers Share Flag
Mon Dec 31, 2012
Lana Lavenbarg answered:
Yes - OBAMA has created a tax that will be added should you not close escrow til Januray first that you would not have to pay if you close December 31st this year. That is why some sellers have said if it does not close by today - you will not close at all! ... more
0 votes 3 answers Share Flag
Wed Nov 28, 2012
Michael Cheng answered:
A good appraisal should cover the three main theories of asset valuation: replacement cost, sales comparable, and income. While estimates of value are derived using all three approaches, usually one is more useful than others. A competent appraiser will select the best one with consideration of the following:

For a single family home, the sales comparables would show you what the closest matched home recently sold for. This gives you the best estimate of what somebody would pay for your home. But, it still has serious limitations in that the sold price is a snapshot of the market in history, usually at least 3-4 months ago. So, prices may have moved significantly in the meantime.

For an investment unit, the income approach is best since the largest target market of buyers are other investors and they value properties based on income generated.

The replacement cost approach is really useless in real estate, except for the insurance company's sake. A 50 year old home may cost $500K to replace but has only $50K in value to buyers. You may get some use out of this approach for a brand new home.
... more
0 votes 1 answer Share Flag
Wed Nov 28, 2012
Michael Cheng answered:
A good appraisal should cover the three main theories of asset valuation: replacement cost, sales comparable, and income. While estimates of value are derived using all three approaches, usually one is more useful than others. The appraiser will likely select one for you based on the following:

For a single family home, the sales comparables would show you what the closest matched home recently sold for. This gives you the best estimate of what somebody would pay for your home. But, it still has serious limitations in that the sold price is a snapshot of the market in history, usually at least 3-4 months ago. So, prices may have moved significantly in the meantime.

For an investment unit, the income approach is best since the largest target market of buyers are other investors and they value properties based on income generated.

The replacement cost approach is really useless in real estate, except for the insurance company's sake. A 50 year old home may cost $500K to replace but has only $50K in value to buyers.
... more
0 votes 1 answer Share Flag
Wed Nov 28, 2012
Michael Cheng answered:
If you are a USPAP licensed appraiser, then you would know how to do an appraisal. If you're not licensed, then you can't do a professional appraisal. You can give a price opinion, which is what brokers and analysts do.

A good appraisal should cover the three main theories of asset valuation: replacement cost, sales comparable, and income. While estimates of value are derived using all three approaches, usually one is more useful than others.

For a single family home, the sales comparables would show you what the closest matched home recently sold for. This gives you the best estimate of what somebody would pay for your home. But, it still has serious limitations in that the sold price is a snapshot of the market in history, usually at least 3-4 months ago. So, prices may have moved significantly in the meantime.

For an investment unit, the income approach is best since the largest target market of buyers are other investors and they value properties based on income generated.

The replacement cost approach is really useless in real estate, except for the insurance company's sake. A 50 year old home may cost $500K to replace but has only $50K in value to buyers.
... more
0 votes 1 answer Share Flag
Wed Apr 4, 2012
Lana Lavenbarg answered:
Your best bet to find out what YOU consider high or low crime areas would be to check with the police or sheriffs department in that area. What I might consider high or low may be different then your opinion. Besides, it is better to get the information directly from the source instead of a 3rd party! ... more
0 votes 2 answers Share Flag
Mon Jan 30, 2012
Dave Sutton answered:
Also, the Oregon State Bar Association will refer you to a local attorney for an in-office consultation for no more than $35. http://www.osbar.org/public/ris/ris.html#referral
0 votes 2 answers Share Flag
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