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General Area in Richardson : Real Estate Advice

  • All134
  • Local Info21
  • Home Buying34
  • Home Selling3
  • Market Conditions9

Activity 3
Fri Oct 17, 2014
Amy Arey answered:
Hello and "welcome to the area"! As a Mom, I can definitely understand wanting an exemplary-rated school district. (While we, as Realtors can not give out demographics due to Fair Housing Laws, I CAN give you recommendations on areas, neighborhoods based upon the other features you are wanting). What I would recommend would be partly based upon 1) the # of bedrooms and square footage you are looking for vs the actual sales price of the property (as you go further South, towards Dallas, the price of the land goes up, as does the sales price of the homes). You don't have as many "master-planned" communities in Richardson as you do a little further North in Plano, Frisco, Mckinney, Allen Areas. Feel free to contact me with more of the features you are wanting and I'd be happy to make recommendations for you.

-Amy S. Arey, Realtor
Halo Group Realty, LLC
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Wed Jun 23, 2010
Ronda Allen answered:
Throw out everything you think you know about the housing market and prepare to be shocked at how far your money will go in Texas. No need to go into the $500k's unless you want a 4,500sf McMansion in the suburbs. Many people - the vast majority of our suburban buying market, finds a home they love between $250k and $450k. Richardson is very centrally located. Where you live will be based on your likes and dislikes. Like big and new? You'll probably be heading to areas like Murphy, McKinney, Frisco, Prosper, or Allen. Like the tree-lined older neighborhoods? (older meaning 1950's to 1980's here in DFW) You may enjoy Richardson, Plano, Addison or Dallas Proper. Want acreage? Lucas, Fairview, or Lovejoy may be more to your liking. is a great website for the city and school info you are after.

Don't go it alone in DFW. We're a huge region and your housing options are wide open. A Realtor with a vast knowledge of the area is key to making this a painless transition for your family. I hope I've been of help to you. Let me know if I can be of further assistance.

Have a blessed day!

Ronda Allen - Realtor, Life Coach, and Certified Purchasing Manager
CEO of - follow us on twitter:
RE/MAX Dallas Suburbs - Keith Dobbs Team - #1 Office and #3 Team for RE/MAX in N. TX at mid-yr 2009!
See all our team's listings for sale or lease at
Friend me on Facebook: Ronda Wise Allen
Real my blog on DFW real estate at:
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Mon Nov 10, 2008
Patrick Walker answered:
Hello again R. I just read RJ’s post and I need to be sure you and all others get the FULL picture on investing in real estate. 1st I’d like to make it 100% clear that I do not represent buyers or sellers in ANY real estate deals. I am an unbiased licensed REALTOR advisor. What I do is research the area you would like to buy, sell or invest on the REALTOR MLS system and find the agents that ARE getting top results. I find the competent agents in your area of interest. I charge you nothing. It’s a FREE service to the client.

With that said I strongly advise you to research real estate investing as much as possible. RJ said that that home would “never be income generating unless you put a large chunk down “That is a very dangerous way to look at it. Are there better investments out there? Very possible in fact very likely if you look in the right places and are willing to do the necessary work to make it a great deal. That is not the point here. It’s the advice that you should not put a “Large chunk down” that you need to be aware of. That is the type of thinking that got us into the financial mess the country is in now. Don’t take my word for it. I recommend you look and highly respected financial advisors like Dave Ramsey to see what he says about financing real estate as an investment. Not only should you put a good chunk down but you should always put 100% down and only do that if you have ZERO personal debt to begin with. Do it any other way and you are moving in to the world of HIGH RISK investing and I do not advise my clients to go there. I also don’t recommend flipping. If you’re buying real estate you should pay CASH and plan for it to be in your investment portfolio for the LONG term.

I hope this helps. Please look up Dave Ramsey to see more from a trusted financial advisor. Do not invest in something without knowing exactly what you are getting yourself into. Don’t take your Realtors advice alone. Good luck and feel free to ask other questions.
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