Andrea, Home Buyer in Dallas, TX

I am looking for a home to rent in the Preston hollow area, or caruth terrace area in dallas. I can afford

Asked by Andrea, Dallas, TX Mon Jun 23, 2008

no more than $900 a month. I would also like to buy a hom ein the near future but am timid since my monthy payment can not exceed $900. any suggestions on any rental homes or if i should try buying???

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8
T.E. & Naima…, Agent, Dallas, TX
Sat Jul 5, 2008
The lowest I've seen is $1000, but there are likely some private (non-Realtor) properties under $900. You should bear in mind that on top of the rental you still have to pay utilities, but several places have common water in addition to some other utilities included in the rent. The Preston Tower did lease a unit out in March for $950 -- that's the one on Northwest Hwy.
I think the closest you can get is on Meadow Road near Central, unless you can find a private rental actually in Preston Hollow or Caruth Terrace. Rents typically are over $1000 and the larger, nicer places go up from there to several thousan a month.
Web Reference:  http://www.SumnerRealty.com
1 vote
., , Lewisville, TX
Sun Mar 29, 2009
The rentals in Preston Hollow of homes go for close to $4,000. You might be able to rent a room or a back apartment in a house for $1000 or so. Have you considered purchasing a small house in Garland for your price range?
0 votes
Dallas Texas, Agent, Dallas, TN
Mon Jul 14, 2008
I am a Dallas rental locator familiar with your requested areas for residence I dont believe you can locate much for $900 in Preston Hollow and Caruth. If you contact my office we can discuss further.
972-699-9111
http://www.lynn911.com http://www.homes-for-sale-dallas.com
Web Reference:  http://www.lynn911.com
0 votes
Bruce Lynn, Agent, Coppell, TX
Mon Jun 23, 2008
We can assist you. There won't be a lot of choices for homes in this area at $900/month, but there are likely a couple of options. There should be plenty of apts if that is an option for you. Some of the neighborhoods on the outskirts of PH will have more options for homes at $900/month. We can also help you with a purchase if you are also interested, but we'd probably need to move out of this area to keep you at a $900/month payment. The first step in this process is to get prequalified for a loan. We'd be happy to discuss your options with you if you give me a call.
Web Reference:  http://www.teamlynn.com
0 votes
Monica Grosz, , Dallas, TX
Mon Jun 23, 2008
I would encourage you to begin building equity and buy. Preston Hollow is probably out of your price range for either rent or purchase, but there are several areas in E. Dallas that I could find you a great value, and possibly a condo in Caruth Terrace area. You might go to the Powerpage tab on my website, http://www.monicagrosz.com for the latest listings by area. I'd love to help you! Monica Grosz 214-762-1515, monicagrosz@kw.com
Web Reference:  http://www.monicagrosz.com
0 votes
Cyndie Gawain, Agent, Dallas, TX
Mon Jun 23, 2008
Please email me and I will send you a list of properties. How much do you want to pay in rent?
Cyndie Gawain
214-669-9920
dallas.best.realtor@gmail.com
0 votes
Lucy Puniwai, Agent, Haslet, TX
Mon Jun 23, 2008
Andrea,
Preston Hollow as you know is a high end location and honestly, paying $900 a month which would need to include principle,taxes,interest and insurance, you are actually looking at (about) a $90,000 home. Condominiums or townhomes may be the best option as far as maximizing the return on your investment. You would not want to buy a home that would require massive repairs so maybe a lease with a option to buy would work for you. Let me know if I can offer my services to you by sending me an email at:

lucy@webuyitwesellit.com

Take care,
Lucy
0 votes
Jennifer Lew…, Agent, Dallas, TX
Mon Jun 23, 2008
Hi Andrea,
If I were you, I'd look at my buying options first. Have you spoken to a loan officer yet to find out what your options are? There are many programs out there that may benefit you. If you want to talk to a loan officer, a good one to know is Scott Drescher with Prime Lending, http://www.drescherteam.com/default.asp/PrimeLending/

Buying a home definately has its advantages over renting. After one year of renting at $900, you'll throw away $10,800 that could've gone towards an investment in a home. Also, there are many tax benefits to owning a home.
I'd be happy to set up a search for you that will notify you when properties that may be of interest to you become available on the market. Or, visit my site http://www.JenniferLewisHomes.com and click on the property search link and set up your own search.
Please let me know if I can help.

Best regards,

Jennifer Lewis
Realtor, Broker-Owner, GRI
Jennifer Lewis Homes
214-328-5500
Jennifer@JenniferLewisHomes.com
0 votes
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