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Home Buying in Preston Hollow : Real Estate Advice

  • All58
  • Local Info6
  • Home Buying17
  • Home Selling1
  • Market Conditions1

Activity 17
Fri May 22, 2015
djennifer009 answered:
What is your location? I think it depends a lot on the area and the neighborhood. If all the surrounding houses have pools, then it looks a lot better if yours does as well. And anything can add value to a house, as long as it's well-maintained and functioning. ... more
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Mon Jan 26, 2015
Ryan Hardin answered:
Hey Marie, I would suggest having a agent run a CMA to find out what homes have sold in that area and get a fair market value. if you need access to the MLS, have questions or need further information please contact me at (817)781-9052 or email me at Also if you want to search the MLS for active listings visit my website at

Thanks Ryan Hardin @ JP & Associates Realtors
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Fri Jan 3, 2014
moondoworld answered:
Looking to get into Real Estate Foreclosure Investing!!!Only have $10,000.00 to start. Is there any hope for my situation in the Dallas Market. My realtor has been less than encouraged and slow in reponse. DESPERATE!!!!NEED HELP!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!! ... more
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Fri Nov 1, 2013
Susie Kay answered:
It's not always 1 month rent as it is negotiable. However, since leasing is really hot you'll have a hard time finding a property if you want to pay less deposit. Landlords know that even if you walk away the next applicant is to come in a day or two. The deposit is called a security deposit since it is a security for the landlord if his property is damaged.

If my answer helps, please give me a thumbs up or choose best answer.

Susie Kay, Realtor®
United Real Estate
III Lincoln Centre, 5430 LBJ Freeway #280
Dallas, TX 78240

Servicing your real estate need is my priority!
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Fri May 24, 2013
T.E. & Naima Sumner answered:
Only tax lien foreclosures and HOA lien foreclosures can be redeemed.
For homesteads there is a period 2 years unless a court evicts the occupants.
For investment properties the period is 6 months.

A mortgage foreclosure changes ownership immediately and without redemption. If the second mortgagee forecloses, for example, the owner is no longer in title.

If the owner continues to occupy the property after foreclosure, the new owner can evict them.

The second mortgagee must continue to make payments to the first mortgagee, but the first mortgagee can foreclose anyway, taking the property from the second mortgagee.
If the first mortgagee forecloses, the second mortgagee is just out of luck. The second lien no longer exists against the property.

Remember most mortgage notes contain language that the property serves as collateral, but the borrower is personally liable for the unpaid balance.
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Mon Feb 11, 2013
T.E. & Naima Sumner answered:
We'd have to call the association to find out. The listing didn't show the amount but it is the largest square footage of those in MLS. The lowest listed dues were $150, the highest $220.

Unit 106 is only 967 square feet, while 111 is 1,188 square feet. It is likely the monthly fee is above $220/month.
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Fri Aug 3, 2012
Kenneth "Kenny" Bebensee answered:
Pick any lender of your choice and get pre qualified first through them. This should not cost you anything. Make sure their upfront on the interest rate, fixed loan or not and points you will have to pay for the loan. Lenders that charge a fee upfront, I would RUN. Home loans are based on credit so as long as you have decent credit and income, you are good to go. 20% down you wont pay to pay PMI (private mortgage insurance) which is about .08% of the loan monthly.

Hope that helps some.


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0 votes 41 answers Share Flag
Fri Aug 3, 2012
Kenneth "Kenny" Bebensee answered:
Just be careful when dealing with Lenders. They tell you what you tend to want to hear. If they charge any fee for pre-qualifying you, RUN. Most Lenders will do this for free. This is where you really need to start and begin.

It is very difficult right now to buy a house with bad credit. Sub prime loans are gone. I hope this helps.


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Sat Jun 23, 2012
Bruce Lynn answered:
Probably a little over $200/month.
They aren't listed unfortunately.
Just going by other sold properties in the same neighborhood.
0 votes 1 answer Share Flag
Fri Feb 10, 2012
Robert D Hughes answered:
You can certainly try to negotiate further, worst they can say is no, correct? Settlement date is usually chosen by the buyer as long as seller, attorney, and title company can complete the closing in the time selected. In my area a typical closing is between 45-60 days. New construction 4-7 months.

Best of luck,

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Sat Jan 15, 2011
Johnsonbalen answered:
I love Preston Hollow, live there myself at Royal and Midway. Call me and I will help you find a house!
Michelle Johnson
0 votes 5 answers Share Flag
Wed Dec 16, 2009
Pelin Guzel answered:
Hi Esmeralda,

Lease is a contract of using a building. You can lease a home, a townhome, a condo, a building or a store for a certain time. It is not the sales price or an auction.

Residential leases are generally for a year or two years. It is very rare to find six months or month to month lease properties.

If you are looking to lease a home, townhome or a condo, here is a helpful website that you may want to search on MLS , when you have time

Looking forward to hearing back from you soon.
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1 vote 2 answers Share Flag
Tue Oct 27, 2009
Helen Karuba answered:
Well, let me try again! There is a townhome on Park Lane listed at $23,000. Give me a call and I can tell you about it.
Helen Karuba
0 votes 4 answers Share Flag
Sun Mar 29, 2009
. answered:

Great Questions! Several factors weigh in, are you paying at or above market value for the home? How much money do you have set asied to invest in the property? What length of time do you plan to stay in the home?
I have an architect who could lay out cost and compare with you. I drive and look at home's in Preston Hollow weekly. I would be happy to confer with you about your decision. It takes a few factors to help you come to your decision and advise accordingly.

Nicole Arenas
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0 votes 8 answers Share Flag
Sun Mar 29, 2009
. answered:
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? ... more
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