I am seeking an area to purchase a first home. I work in N Irving and my husband works in N Dallas

Asked by Sara, Dallas, TX Mon Jan 5, 2009

We want a city that is ideal for both jobs. We also want an area with high resale value in the next 5 years. Do not have kids but planning on one. Want to spend up to 200,000. Main concern is resale value of community and location for our jobs.

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Terri Hayley, Other Pro, Dallas, TX
Mon Jan 12, 2009
Hi Sara,

Congratulations on your first steps towards home ownership! :)

One suggestion I might make that is convenient for both of you and meets your criteria is Carrollton. You can read about the schools here: http://www.greatschools.net/city/Carrollton/TX. We have a wonderful listing there that is within your price range. We just closed on a home in late November in Carrollton as well. We also have a guarantee that we will save you a minimum of $5,000 on your new home purchase.

Terri Hayley
The Hayley Group
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Ronda Allen, Agent, Plano, TX
Sat Jan 10, 2009
Sara, with a great highway system, the DFW metroplex is your oyster! North Irving is pretty central. You can branch out North, South, East or West of there and run out of energy before you would run out of great communities in which to live that would serve your needs. You need a buyer's agent to do a full interview with you. It can take 20-30 minutes by phone, or questions can be emailed to you and filled out like a survey. There is a lot that agent needs to know about you and your Husband to really narrow down homes and communities for your search. You have likes and dislikes and amenities you want in your new home that extend beyond your budget and making a good investment. The right agent can get that list of homes down to 1 asking the right questions. But, most buyers want to see more than one home to feel that they saw a good sampling of what is available. Work with a Regional agent who isn't going to restrict your search or hand you off to a bunch of other people if you want to look in different directions.
Web Reference:  http://www.rondaallen.net
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Dallas Texas, Agent, Dallas, TN
Sat Jan 10, 2009
Few areas that could work for you based on your specifications: Coppell, Flower Mound, West Plano,
These areas media authored statements of excellent ISD's family community.

Contact my office

There are GREAT foreclosures with equity I have seen in these areas.
Web Reference:  http://www.lynn911.com
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Bruce Lynn, Agent, Coppell, TX
Tue Jan 6, 2009

A place that is ideal for both jobs might be Valley Ranch or some areas of North Dallas. Each person has their ideas of where growth and demand will happen, but it is often hard to predict. I don't think anyone accurately predicted the credit crunch we're now in. Changes happen all the time that are out of our control, but we work through them. The good news is even with all the craziness nationwide, the interior parts of the DFW area have not been hit like the rest. We've even seen some price increases. Valley Ranch will have some nice choices. Coppell might also be a good area to consider. Also some areas in Dallas perhaps south of 635 and north of Walnut Hill...east of Marsh and west of 75 might be a place to consider. Of course there are lots of factors to consider also....if you have kids, schools might be important, do you want an older house or a newer house, what size do you need....and so many other ideas. I've lived in North Dallas for years and now live in Coppell so know many of the areas in between if you need further assistance.
Web Reference:  http://www.TexasDistress.com
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The Laughlin…, , Dallas, TX
Tue Jan 6, 2009
Sara, no one can promise you a high resale value! As licensed realtors, we can only give you the facts and numbers based on past history within a community. And just because it's a foreclosure does not necessarily mean you are going to get a good deal and be able to resale it in five years and make a big profit.

Finding an area you can both agree on should be easy; finding the right house you both can agree on should also be fairly painless; but promising you "instant equity" or speculating on the future of home prices in the area is not wise and it's also unethical.

The reality is work with a realtor to buy your home, someone who only represents your best interests, and don't expect unrealistic resale values. This is the best approach when purchasing your home (especially your first home)! Good luck, and please contact me if I can help.
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Lucy Puniwai, Agent, Haslet, TX
Mon Jan 5, 2009
Aloha Sara!
Your 2 main concerns being resale and the commute to work equate to a Realtor's number ONE rule - location, location, location!
I am thinking Carrolton (Denton County side of Carrolton) or Coppell would provide you with a beautiful home, great price per square foot , convenient location to restaurants,shopping and entertainment as well as a decent commute for both of you.
You are probably looking at a preowned home (built in 2003 or newer) with about 1800 square feet. With interest rates at historical low percentages and an abundance of Sellers that need to save their homes from foreclosure, you should have quite a selection to choose from.
If you are planning on keeping your home for 5 years and wish to sell at that point, you are either looking at a foreclosure where you can buy with instant equity or find a Seller that really needs to sell (due to relocation or impending foreclosure) as most mortgage ammortization schedules are written where you are paying mostly interest on the first five years before you start paying on the principle.
My company is completely customer focused and we concentrate on meeting your needs. Please contact me for a list of homes available in these areas and we can visit the ones that interest you.
The first step in the home buying process is to work with a Lender that will approve you and work closely with you during the underwriting process. I do have resources to offer you in this area.
As a Realtor, I will assist you in finding a home, writing an offer, scheduling the inspection, reviewing the results of the inspection and communicating with your Lender and the Title Company to ensure a smooth and timely closing.
I specialize in working with first time home buyers and will educate and inform you every step of the way. I have several clients that will share their "first time" experience with you. I understand this is an intimidating process and you must select a Realtor that will spend the time with you so you are confident that you are making the best decision in making what most folks consider, the most expensive purchase they will ever make!
Please contact me and we will work together through out the entire process. I look forward to hearing from you!
Lucy A. Puniwai
Web Reference:  http://webuyitwesellit.com
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Mattye P. Sm…, , Dallas, TX
Mon Jan 5, 2009
Hello Sara,

Thank you for your inquiry! Past indicators suggest that North Dallas, Plano, Frisco and Las Colinas, may be Areas of consideration. Do you prefer new or pre-owned homes?

Other than ideal location and price...what are some of the amenities you prefer in your home? Kindly provide a few details to help me better assist you in your search.

Best regards,

Mattye P. Smith

American Realtors
0 votes
Nathan Konop…, , Dallas, TX
Mon Jan 5, 2009

I would also consider cities like Grapevine and Flower Mound. They are a little farther out but beautiful cities with excellent resale value.
Web Reference:  http://www.konohomes.com
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LaVenda Lee, Agent, Dallas, TX
Mon Jan 5, 2009
Hi Sara,
My recommendation would be the north Dallas, Richardson, Plano area. Richardson and Plano schools are excellent choices for both your chilldren plus these areas have good resale because of the schools and location. These ares are also convenient to main roads to both north Dallas and the north Irving area. My office is in Richardson - 75 & Campbell and I go to the N. Irving area frequently and find the commute to be easy.
My husband and I are full time real estate professionals and would love to talk with you further. We love to work with first time homebuyers. Give me a call at 469-688-0207 or email me at LaVenda.Lee@cbdfw.com.
Web Reference:  http://www.cbdfw.com/teamlee
0 votes
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