Having cash def can help at the closing table. Especially with bank owned properties.
You can check out a list of properties in uptown here:
Please let me know if you see anything you like. I would be more than happy to help!
JP and Assocaite
If your daughter thinks Dallas is going to be where she ends up long-term then purchasing could be a good deal for you in the long run, but if not you need to consider whether you really want to be a landlord to a potentially revolving door of SMU students. If you only own the condo for a few years and then decide to sell, the sales charge involved (commission, transaction fees, etc.) may make the rent vs. own decision lean toward renting.
Please contact me if you would like information on the SMU-area market for renting or purchasing.
William Davis Realty
United Real Estate Dallas
Does she want to be able to walk or bike or does she mind driving.
I have some nice deals not far away.
You're probably looking at $100K to $150,000K.
One thing you have to remember, is cash does not normally net the seller more money.
Typically it is the same to them cash or financed. Some people see a cash deal as less risky, but others see it more risky. We probably see as many cash deals fall apart as we do financed ones, but for different reasons.
We're now seeing multiple offers on many of the lower priced condos and townhomes, and other that have been on the market a year or more get snatched up in the past couple of months. One I saw that was not a looker near Snyder Plaza was under contract in just a couple of days.
I just snagged a deal for a girlfriend of mine in an area approx. 12 minute drive from SMU .
If you only want to lease her apartment I work with residential leasing .
Contact my office today where I can show you many amazing homes work with your family specifications.
Lynn911 Dallas Realtor & Consultant, Credit Repair Advisor
Multimillion Dollar Sales Producer
Follow me on Facebook
It's close to White Rock Lake, has gated security, and would be an excellent investment for future rental.
Please let me know if you'd like more info.
Coldwell Banker Lakewood
I lived in that area for many years. You can get some great deals East of 75 which is just minutes from SMU. I wish I knew your price range. I would not place your daughter anywhere that I would not live personally and I have high standards as far as safety, resale value etc.. Feel free to click on my picture for my bio and phone #. It would be a pleasure working with you and your daughter.
As far as overpriced, house values are similar to antiques / collectable cars, etc. They are worth ultimately what the consumer will pay. In 75205/75206 condo's / duplex/ fourplex are very much desirable. The price per square foot those units command generally reflect the demand.
Coldwell Banker Residential
Cash offers really don't hold much sway over sellers. Even if a buyer has a mortgage the seller gets paid all the same. The advantage to a cash offer is your ability to close faster, which could provide a bit more negotiating power if a seller needs to sell quickly. Value is determined by market demand - what buyers are willing to pay and sellers are willing to accept. This is what ultimately drives sales prices in any given area.
I regularly work the areas surrounding SMU and would be happy to assist with your search. Please call me at 469-450-1326.