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Home Buying in North Dallas : Real Estate Advice

  • All56
  • Local Info3
  • Home Buying25
  • Home Selling4
  • Market Conditions1

Activity 23
Fri Dec 9, 2016
AJ Hernandez answered:
I always suggest you shop around but when it comes time to apply you should only apply with one lender for various reasons including but not limited to the following:

-You will go crazy trying to deal with 2 lenders at the same time it will be double the paperwork but 3 times the craziness.
-Some loan types for example FHA require an FHA case number for certain tasks to be performed by the lender so you would not be able to work with two lenders at the same time regardless.
-You could end up paying for two appraisals.
-In many cases lenders will confirm if you have any open loan applications with another lender, broker, bank to avoid fraud so at some point you would have to cancel or withdraw your loan with one of the lenders any way so it would be a waste of your time and money not to mention one of the loan officers would be working for FREE.

Shop around then once you have a contract on a home choose the person that gave you better service, information and of course good rates & fee's but be careful the lowest rate is NOT always the best loan, I know that sounds weird but there is much more to consider than just the rate.

I currently only offer loans in Florida but if you need help in Texas I can definitely recommend you someone.

Good luck & God bless!
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1 vote 18 answers Share Flag
Thu Mar 24, 2016
Susie Kay answered:
I'd be happy to connect you with lenders that I typically work with. They can analyze your situation and give you options. Then you can select which option that suits your most. Give me a call at 469-371-2899 if you are interested.

Best,

Susie Kay
Realtor
Seniors Real Estate Specialist
Certified Home Stager

United Real Estate Dallas
469-371-2899
www.dfwdreamhomes.net
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0 votes 3 answers Share Flag
Sun Jan 31, 2016
Marty Boikess answered:
Listings for contemporary homes for sale. around 4000sf. between Lovers Lane and Royal , Inwood and Marsh
0 votes 13 answers Share Flag
Wed Feb 4, 2015
Steven Guthrie answered:
I'm sure you have many choices in this realm. Please keep in mind Allie Beth real estate company which is a Christie's Affiliate we have many Hip pocket listings which are not available to everyone or in the MLS, so please give me a call if you are not finding what you need.

Best Regards,
Steven Guthrie

Christie's International Affiliate
Principal | Guthrie Mclain Group
(M) 972-804-2459
(F) 972-767-0177
www.GuthrieMclainGroup.com
Allie Beth Allman Real Estate
5015 Tracy St.
Dallas, Texas 75205
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0 votes 3 answers Share Flag
Wed Feb 20, 2013
Anne Bokalo answered:
Yes. I helped a couple from Canada buy a Condo in Grand Prairie but they paid cash $40K for a 1 bedroom. However, I don't know what a loan officer would tell you re getting a loan in the US if you don't have cash. ... more
0 votes 5 answers Share Flag
Mon Feb 18, 2013
John Juarez answered:
In general: the seller pays the entire commission to the listing agent. The listing agent shares a portion of the commission with the agent who represents the buyer.

There are variations. One of the variations is if you work with an agent who represents buyers only and negotiates a contract with the buyer that guarantees the agent a certain amount of commission upon close of a purchase. The amount paid to the listing agent and shared with the buyer’s agent may cover that obligation. Discuss this in more detail with your agent. ... more
1 vote 5 answers Share Flag
Mon Feb 18, 2013
John Juarez answered:
In general: the seller pays the entire commission to the listing agent. The listing agent shares a portion of the commission with the agent who represents the buyer.

There are variations. ... more
0 votes 5 answers Share Flag
Mon Feb 11, 2013
Debra (Debbie) Rose answered:
try again Joseph - the poster on this forum is SAMANTHA not Sabrina..if you're going to cut and paste spam at least get the names right
0 votes 8 answers Share Flag
Tue Jan 29, 2013
T.E. & Naima Sumner answered:
Yes, you do not need to be a citizen to buy property. Unlike some countries where only a corporate entity or nominee can buy for you, the US does not have that restriction.

Be aware, however, that you probably cannot get a mortgage loan here unless you have some income ties into the US. Also, the price is not the whole story. You will have some costs on top of the negotiated price to pay in order to close the transaction. These might be in the 3-5% range.

Also, each year you will have to pay real estate taxes of approximately 2.5% on the property.

NOTE: the condo you referred to has an association of owners that maintains the exterior of the buildings and other fees and costs. You will have to pay monthly $200 for the association.
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0 votes 12 answers Share Flag
Sun Jan 27, 2013
Dixon Wong answered:
Hi Miriam,

Owner financing is rare but its not impossible.

Have you look into traditional financing? It will be the cheapest way and safest way to get in your own home.

I would be more than happy to email you my lenders contact. You can email me at dixondfw@gmail.com

Dixon
Realtor
www.findyourtexashome.com
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0 votes 5 answers Share Flag
Wed Aug 29, 2012
Bruce Lynn answered:
Just a note to follow up with you and see if you ever found the right realtor and bought any homes?

Let us know if we can help you.
0 votes 8 answers Share Flag
Sun Jan 1, 2012
Trevor Curran answered:
Good morning Bjdaj,

First steps:

1. Meet with a Local Mortgage Banker to get prequalified for mortgage financing. The Mortgage Banker will review all facets of your loan request to answer your questions with regards to the types of loans and maximum loan amounts you could qualify for.

2. Line up a Home Inspector. A good home inspector will scare the heck out of you: that's what you pay him for! But you'll concentrate on the fundamentals of the property: roof free of leaks, plumbing, heating and electrical up to code and in good working order. Again, when you make an offer and you have your Home Inspector ready to go, your offer will be considered with much more interest by a Seller because you truly have your "ducks in a row" and your preparation demonstrates your serious attitude about conducting the purchase transaction in a timely manner.

3 Find an experienced Local Realtor who works in your desired shopping area. A serious pro Realtor will refuse to show you homes until you are Prequalified for mortgage financing. Don't take offense! That Realtor doesn't want you to be disappointed and wants you to have a smooth experience as you shop for your new home.

Put together your Team of real estate professionals and shop 'til you drop!

Good luck!
Trevor Curran
NMLS #40140

If you thought my answer was helpful, please give me a "Thumbs Up." Thanks!
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0 votes 12 answers Share Flag
Wed Aug 10, 2011
Bruce Lynn answered:
I would not think Lavon is the rental capital of the world.
I'm thinking if you are buying a duplex, you are buying new.
This is almost never the best way to go either.
Lots of people have lots of different strategies, but I would probably be looking at homes
about 10 years old now....in cities with great school districts...with few rental options.
Always stay under $150,000 and if possible under $120,000.
Probably foreclosures are the best buys that need paint and carpet and yard cleanup.
May need appliances.
I would look at McKinney, Frisco, Coppell, Flower Mound, Grapevine, Denton
I think single family is almost always better than full duplexes.....here's why....exit strategy.
Who are you going to sell a full duplex to, 10 years down the road.....only another investor.
Because at that point the neighborhood won't look that great if they're all rentals.
There will be tons of cars in the street, yards won't look that sharp, some investors will be
skimping on repairs.....so if you need to sell...do investors want to pay top dollar or best bargain prices?
So if you buy single family...who do you sell to in 10 years.....could be another investor....but could be retail buyer too. So you have a better chance of getting top dollar for your sale on the exit with single family.

If you are out of state we can show you how to manage yourself, but if you plan to hire a property manager how many choices do you have in Lavon? Do you have a choice of the best?

If I was retiring I think Lavon might be a great place to live. Near the lake, away from the city but not too far. A little bit of country living without leaving the city. What we're seeing now with gas prices is working people wanting to move closer to their jobs. So does Lavon have major employers?

Just some things to think about. If you think we can help you make a better investment decision, please give us a call.
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1 vote 7 answers Share Flag
Tue May 17, 2011
Eastdallas99@yahoo.com answered:
A hidden jewel -- the ENCLAVE AT GROVE HILL is the only NEW GATED COMMUNITY that is INNER CITY. the community is 4 miles to downtown. DAVID WEEKLEY is the home builder and is well known in the Houston and Dallas market. This community can be found at the intersection of LAWNVIEWN @ GROVE HILL; you can build a brand new home or buy and existing home. This is a surprise to a lot of folks - even the Dallas Police stats for 2009 show this community experience's the least amount of crime compare to the rest of the City! Folks call this community THE NEW EAST DALLAS........i hope this helps you out? Most important, do your research. one more thing, i'm not an agent just and person involved in his community ... more
0 votes 21 answers Share Flag
Sat Jul 17, 2010
Michele Hanigan answered:
You can contact me for a list of homes and I will run a search for you. Additionally, I will be listing a home in Lakewood Heights, which is in East Dallas. It's 4 bedrooms (4th bedroom can be used as a study), 2 full baths and 2 1/2 baths, hardwood floors, stainless steel appliances, and very close to White Rock Lake. It is not on the market yet, so please contact me for price details or more information. ... more
0 votes 18 answers Share Flag
Mon Feb 8, 2010
Tommy Burris answered:
Typically, you can challenge your taxes at the appropriate time of the year.... But you WILL have to qualify with current tax rates and your pmt WILL be based off the same.

Tom Burris
Mortgage Banker
DallasLoanGuy.com
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0 votes 9 answers Share Flag
Thu Jun 4, 2009
Mylendingplace.com answered:
Good question! When you are buying or refinancing I encourage you to look at all the costs associated with the loan. Every lender is going to have the typical mortgage fees like: Appraisal, title, underwriting, processing...it really comes down to lender fees when choosing lender A over lender B.

When it comes to lenders (and I’m a licensed Texas mortgage broker) ask the question “what is your ‘no point’ rate.” Some lenders like to offer artificial rates (fake rates) that come with points. They know you will make your loan decision based on rate so they offer them—with fees.

So just ask for their “no point” rate. This way you are looking at the real market rate vs. some lender’s fake rate. If you’d like to see our fees we have a PDF on the front of our website that outlines all our mortgage closing costs. http://www.mylendingplace.com/

We are one of the few “flat rate—no point” lenders in Texas.

Thanks again!
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0 votes 14 answers Share Flag
Fri Sep 12, 2008
Viktor Taushanov answered:
Hi Mike,

Ther is a lot of information, just what information would you like to have? I would love to help, and provide you with all of the information. Please feel free to contact me any time.

Viktor Taushanov
Realtor
Coldwell Banker Residantial Brokerage
972-758-2045 Direct Line
214-697-6797 Cell
viktor.taushanov@cbdfw.com
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0 votes 3 answers Share Flag
Sat Jul 5, 2008
T.E. & Naima Sumner answered:
With the larger number of foreclosures being purchased, it may be wise to reiterate that if the tax exemption is changing from unexempt to homestead on 1/1/2009 because you bought it, there is a definite tax benefit to December versus January, since the exemption status is just a snapshot on January 1. The tax savings are typicallly 20% of the tax bill. on the property. ... more
1 vote 9 answers Share Flag
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