Dallas Real Estate Blog

North American Real Estate Status

May 27, 2012 Filed in General, Investing, Selling Tips | Comments Off on North American Real Estate Status

According to most statistics, the rest of 2008 is still poised for problems in the real estate market. Statistics show new homes on the market could experience a loss of up to 18% before 2011 is out. Home values are also anticipated to drop. While there are some indications that the market could begin to level off at the end of 2011 or the beginning of 2012, many experts are quick to advise that when the market does begin to rebound it will not get to the point where it left off. In comparison to the housing peak of 2005, the rebounded market could still be quite a bit lower. This is due to prices of real estate properties now elevate very quickly, leaving no room for rebound. For more moving tips and services in Canada, check out shipping and storage.

Still, there may be some home for certain areas. In many markets sub-prime mortgages have either left the market through quick sales or foreclosure. The stimulus package that is on the horizon is anticipated to help the housing market in many areas.

There’s no denying that we would all like to reside in a specific place that caters to our preferences. One where the weather is perfect, according to our personal definition of perfect, of course. One where all the amenities we enjoy are nearby. Also one where our children is safe and with great schools. However, another factor were looking for in a real estate would be the affordability. Finding this can be rather tricky. Frankly, I havent found that yet. The few that appeared to have it all were definitely not in my price range. I’m not looking for a $5000 a month house payment. As we can see, there are a lot of things you want to consider when looking for your place.

Where do you live right now? How would you rate your area? Just imagine for a moment, on a scale of 1-10. Also make a pros and cons list if you can. Is it an affordable real estate?

I can say that it is where I currently reside. What’s better is that it is a safety neighborhood and the schools are good for my children. That’s a lot for me to give up. Some people would consider school and safety as some of the highest priorities, just like me. The fact that we encountered affordable real estate is a mere plus. Then again, we probably wouldn’t be here if we hadn’t. I know though that for every person, the word affordable could have a variety of definitions. What’s affordable for you may not be affordable for me and vice versa. So much rests on your house-hold income. Your quality of living can increase dramatically with the right location.

The real estate industry is expected to have increased problems particularly with millions adjustable rate mortgages are to be reset. With the resets of these mortgages, much more homeowners may be facing more difficulty with paying their monthly mortgages. As refinancing has become less feasible for more homeowners, most of them are forced to face foreclosure or sell their houses.
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Homeowners may not have a similar kind of recovery as first time home buyers who were forced out in the market. Most homeowners are reluctant as a result of the risks affiliated with selling. There’s a bad possibility that they’re going to lose the equity they once had in their homes. It’s just not really possible to get the sell at an amount that’s possible a few years ago. And this is a threat most homeowners are not willing to take.

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Five Reasons to Have an Attached Garage

May 27, 2012 Filed in Uncategorized | Comments Off on Five Reasons to Have an Attached Garage

Garages are much more than just a place for your car. For people with a discerning taste, a garage detached from the house is their best option. Want to know why? Check the following.

Safety and Security

A large amount of house fires begin in the garage. Combustible materials like paint, thinner and fuel for the heater or mower are commonly stored in a garage. The slight spark of a running machine can ignite a fire that can damage your whole house. Thieves can also easily find their way into your house via the garage because many of us don’t lock the door if our garage is attached. Detaching your garage will help to ensure the security of your home and family.

Health Reasons

Gas fumes emitted by cars, especially those that are not well-maintained, are dangerous to the health of your family.

Aesthetics

A small house especially will look unattractive if it is dominated by a huge garage. Think of what you can do in the space beside your house. This space can work well as a patio or flower garden that can enhance the beauty and elegance of your home. Always keep in mind that property value is all about aesthetics and functionality, always keep these up to date if you wish to enhance resale value of the house.

Flexibility in Function

When you place a detached garage in your backyard the functions it can serve become endless. It can be a spacious storage for your attic spillover. You can use it as a multi-purpose workshop to perform various domestic and automotive chores without disturbing family members and neighbors. Consider building a second floor into an apartment or office.

Access to More Design Options

Due to space issues, an attached garage is restricted to a few styles in Park Ridge and limits the number and sizes of cars you can park. That said, a detached garage is completely customizable for a number of vehicles, storage, and anything else you can dream up.

If you have the room and money and want a new detached garage, select a builder with the best custom design capabilities who will give you a lifetime of satisfaction.  For more great ideas on garages, click here.

Investing In Real Estate With Professional Support

May 19, 2012 Filed in General | Comments Off on Investing In Real Estate With Professional Support

When you’re starting an endeavor that you are not entirely acquainted with, it will always be wise to seek out advice as well as some help from those who have trodden that very same path for some good number of years before you did. Searching out the help of people who have the right know-how and significant experience might increase the chance for your keeping away from unnecessary stumbling blocks, and would push you into achieving success in the explained endeavor.

 

This is specifically  the case if you are starting a not-so-simple endeavor of investing in real estate. Since real estate buying, renting and marketing business require a great deal of elements that may still be not very familiar for you, it might be wise to seek the advice of real estate consultants with proven history of achievement, as well as other connected professionals and suppliers like brokers, building contractors, attorneys or even easy plumbers as well as carpenters.

 

While hiring pros may include added fees for you, it could certainly assist you to save significantly on time, which, in reality, costs money, too. Paying a professional broker to get you a buyer of your real estate property would likely make certain a quicker technique of getting rid of your property, as an example.

 

The broker’s effectiveness in being able to sell your house quickly might save you the additional cost of spending mortgage for the months that your particular property is waiting around to be sold, should you have someone  inexperienced perform the scouting for you personally. Experienced real estate agents have considerable knowledge along with founded contacts in the real estate market that you may not yet have as a newbie business investor.

 

These kinds of professionals, having the capacity to skillfully navigate the grounds where you have not sailed before, may definitely undertake it with far better competence and also speed than you can. Whatever sum of money you need to invest to employ their services could be counted as a worthwhile and vital part of your total money investment.

 

The same would be true in relation to fixing your real estate property to upgrade it’s market price. As you may be able to do a little of the small house fixes on your own just like repairing dripping sinks or changing light fixtures, other main home refurbishments like painting and putting in new floor carpets is best left to the specialists. If your basis for opting for the main house repairs is perfect for value-upgrading purposes, then you would only be able to obtain it with the competent touch of professional hands.

 

It’s never an act of weakness to seek help in specific areas where you know and also admit you don’t have enough ability and experience. Such honest and very humble act of employing the expertise of experts may be one of brightest things you can do when engaging in the lucrative business of real estate investment.


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Coleen Donovan - Keller Williams Realty - Dallas, Texas
Licensed REALTOR in the State of Texas