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The Ins and Outs of Choosing a Family Home »

Many home buyers flock to Lovejoy ISD neighborhoods because of the excellent school system.

Lovejoy ISD homes are highly sought after by families who want to provide their children with the highest quality education.

Although it is always a great idea to consider schools when choosing a family home, there are many other factors that you should take into consideration when searching for Lovejoy ISD homes:

  • Think Ahead - If you have a growing family - or an expanding family - you will want to think ahead. In particular, you will need to start thinking long-term. Will you plan on staying in this home? And if so, will it accommodate your growing and changing family?
  • Location - Although you may choose to view Lovejoy ISD homes because of the excellent school system, you may also want to consider where the schools are located and if the location of the home is conveniently located near the school. Keep in mind that property values near a school are generally higher.
  • Needs - If you are searching for a family home, and you have small children, then you may need to think in terms of safety. Is the layout conducive to small children? Are there hazards, such as open staircases? Are the bedrooms located in such a manner as to allow you to keep an eye on your children, even when they are sleeping? Is the backyard safe and enclosed? Is the street busy?
  • Nearby Parks and Recreation - In addition to great schools, consider whether your neighborhood has nearby parks, playgrounds or outdoor recreational activities for your children. A great neighborhood is often much more attractive to families, as well as home values, so consider whether your Lovejoy ISD neighborhood has areas for your children to run and play.
  • Safety - Most parents - especially those of smaller children - want to make sure that their neighborhood is safe. Ask for crime records, talk to neighbors and make sure that your neighborhood is equipped with sidewalks, street lights and other safety considerations for families.

A First-Time Homebuyer’s Plan for Purchasing an Uptown Dallas Home »

The Uptown Dallas real estate market is healthy and strong, thanks to excellent real estate options amidst highly desirable neighborhoods. If you are new to the market and are looking into the Uptown Dallas real estate market, you can be sure to find a wide array of real estate at nearly any price point.

As a new homebuyer, there are a number of things to consider before heading out to search for Uptown Dallas real estate:

  • Find a qualified and experienced real estate agent - Real estate agents who are skilled in the Uptown Dallas real estate market can be a first-time homebuyer’s best friend. A qualified real estate agent will have a good understanding of the current market conditions and will be able to provide you with a plethora of information on the neighborhoods of Uptown Dallas. In addition, a qualified real estate agent will also be able to guide you through the entire home buying process, which may prove to be quite confusing to those individuals who are new to the market.
  • Understand your needs and wants - Viewing the lovely homes of Uptown Dallas may cause you to waver from your first thoughts about what you need and want. It is important to make a list of your wants and needs and to take that with you every time you view an Uptown Dallas property. Keeping your sights set on what is important to you will prevent you from purchasing a home that may catch your eye, but doesn’t meet your needs.
  • Take a first-time homebuyer course - Many real estate companies offer first-time homebuyer seminars. These helpful seminars, which are usually provided free of charge, can provide you with a great deal of information regarding the current real estate market and your options within the market. Your best chance of securing a great Uptown Dallas property is to educate yourself so you are able to make the most thoughtful decisions.
  • Get pre-approved first - Before you even begin the process of searching for Uptown Dallas real estate, head straight to a lender to discuss your financing options and your budget.

New Home Buyers: Should you use the Builder’s Lender? »

You may be looking at some of the fantastic Allen new home communities and wondering if they are right for you. From outstanding home amenities and features to beautiful communities with plenty of recreational amenities, Allen new home communities are quite attractive to today’s home buyers.

Because of the tight lending standards of many lenders, securing financing may be a bit more of a challenge. You may be tempted to take advantage of the builder’s preferred lender to simplify the process, but is this always the right move?

  • Allen new home communities often come with their own lender. Many times, builders will offer special incentives for buyers if they use the builder’s lender. From upgraded carpeting and cabinetry to landscape packages, many of the incentives offered by the builder are meant to tempt buyers into using their lenders. Often times, the builder’s lender has the best deal, but many times the best deal is with an outside lender. In short, don’t let a few upgrades or incentives sway your decision to secure the best financing.
  • You may be able to secure financing faster through a builder’s lender than through an outside lender, as they lenders are expected to get buyers pre-approved in a timely fashion. Therefore, many builders will likely push their own lender because they can hasten the entire house buying process and save themselves thousands of dollars in holding costs.
  • Do your homework and decide upon the best time to lock in a good interest rate, either through the builder’s lender or an outside lender. Don’t expect the builder or the builder’s lender to advise you on the best time to lock in the lowest interest rate; you must do this yourself.
  • Regardless of whom you choose to help you finance your purchase, make it a point to educate yourself on the home loan process so you can be sure you are getting the best financing terms. Weigh the benefits of interest rates, points and incentives between lenders and make a decision based on money, not on convenience.

Tips for Financing a Luxury Home in Tarrant County »

Tarrant County home sales activity has been quite brisk as of late, thereby bringing a collective sigh of relief to many real estate analysts across this region.

In fact, January brought a flurry of activity for luxury homes in Tarrant County, thereby bringing a much-needed boost for Tarrant County home sales activity.

Some of the hot spots for Tarrant County home sales activity were Colleyville and Southlake. Colleyville, for example, saw a 125 percent increase in homes sales last month compared to the same time in 2009. Luxury homes in Southlake saw a nice increase of 88 percent from a year ago. The median price for a home in this region was $592,500, which is an eight percent increase from January 2009.

With the impressive increases in home sales activity in Tarrant County, particularly among luxury homes, it is clear that more homeowners are able to secure luxury home loans, otherwise known as jumbo loans.

Although sales activity for Tarrant County’s luxury homes has been appreciated, it is still important to point out that financing challenges still exist when it comes to luxury homes.

If you have your mind set on a luxury home in Tarrant County, there are a few tips you should consider beforehand:

  • Today’s tight lending restrictions have affected every buyer, from the first-time homebuyer to the luxury home buyer. Although most large lenders still offer jumbo loans, they also require a larger down payment, often between 35 to 50 percent, versus 15 to 20 percent for a more modest home.
  • Be prepared to prove your finances and income, as most luxury sellers will require that only qualified buyers be brought to luxury home showings. A mortgage pre-qualification may involve showing your income, your assets and your ability to provide a hefty down payment.
  • Consider getting a pre-approval letter instead of a pre-qualification letter. In order to pre-qualify you must prove your ability to purchase the home; however, a pre-approval letter shows that you have already obtained your financing approval. A pre-approval letter can often allow you to better negotiate with a seller, as it shows you are both interested and able to purchase the luxury home.

Our Top Five List of the Best Dallas Neighborhoods »

Dallas has a great variety of excellent neighborhoods. From suburban retreats to urban chic, the homes of Dallas are plentiful, regardless of your needs, your wants and your budget.

Dallas is unique, as historic neighborhoods with architecturally significant homes mix well with new construction and contemporary architecture. Many of the neighborhoods of Dallas provide easy access in and out of the city, and many offer a plethora of dining, shopping and entertainment options.

The high quality of life and the temperate weather of Dallas, as well as the excellent economy and job force, attract thousands of residents each year.

However, there are a handful of neighborhoods in Dallas that provide such a great quality of life that we just have to name them the Best Dallas Neighborhoods:

  1. University Park - University Park is half of the Park Cities area of Dallas, a highly affluent neighborhood of historic homes and upscale condominiums. This neighborhood, which was founded in 1915, is home to many professionals who want a short commute in and out of the city.
  2. Highland Park - Highland Park has long been a highly desirable community of Dallas, and for good reason. It is home to some of Dallas’ best real estate, and homes here reflect the grandeur of the time during which Highland Park was established (1889). There are upscale condos and apartments in Highland Park and great shopping, courtesy of Highland Park Village, a very popular shopping center.
  3. Richardson - Richardson, which enjoys a close proximity to the Galleria Shopping Center, enjoys a nice variety of real estate, thereby attracting buyers of nearly every age and background.
  4. Carrollton - Carrollton features some of the most upscale new home communities in Dallas, including Castle Hills. Historic downtown Carrollton offers a great array of shopping, dining and entertainment.
  5. Irving - As home to the famed master-planned community of Las Colinas, Irving is a popular neighborhood for individuals who commute in and out of the city. There are many cultural and entertainment venues in Irving, as well, thereby attracting a wide variety of visitors each year.

Subleasing your Downtown Dallas Office Space »

If you are struggling to pay the rent on your downtown Dallas office space, you may have given some thought to subleasing part of your space. Many business owners, facing economic losses and climbing fees, have turned to the idea of subleasing their downtown Dallas office space.

Although this may seem like a logical solution, there are a variety of factors to remember before subleasing your downtown Dallas office space:

  • Subleasing can allow you to share your lease burden with another company and cut your raw office space in half. It is likely that you will be able to successfully sublease your downtown Dallas office space, given the excellent location in the city. You must be prepared, though, to charge your tenant less per square foot.
  • The stability of your sublease agreement relies heavily on the stability of the company that is purchasing the space from you. In other words, you may end up losing your tenant. It may be a good idea to choose an established company with a stable business history so that you can mitigate your risk.
  • Realize that you and your tenant may have different views on the operation and layout of a business, but that your tenant controls their space, not you. It may be hard to relinquish control over your tenant’s space, but your tenant has as much right to use his or her space (within the confines of the lease, of course) as desired.
  • Do your homework and read your lease carefully when it comes to subleasing. Most lease contracts will have specific language about subleasing, so read and understand these terms before subleasing the space. Subleasing can benefit both you and your tenant, but it can also present a variety of problems and obstacles. Make sure you are ready to address these issues before subleasing.
  • Figure out how much you will need to lease the space for without hurting your bottom line. Consider the costs of operation, utilities and the like, and make sure that your tenant realizes all of the related costs of subleasing your downtown Dallas office space.

How to Develop an Accurate Pricing Strategy for your North Dallas Home »

North Dallas home values have been leveling off, and many areas of North Dallas are now showing signs of appreciation. Although this is certainly good news for anyone trying to sell a North Dallas home, it can prove to be quite tricky when it comes to developing a pricing strategy.

If you are unsure about the changes in North Dallas home values, and how this may affect your pricing strategy, you’re not alone. Most sellers want to price their homes aggressively, and also price them to reflect the changes in home values; but they also don’t want to price themselves right out of the neighborhood.

How to Develop an Accurate Pricing Strategy:

  • Hire a qualified, seasoned real estate agent - This is one area of selling your North Dallas home that you don’t want to skimp on. Find a top-notch agent who understands the market, and also understands your neighborhood and where North Dallas home values are headed.
  • Price it right - Although this may seem like a no-brainer, many sellers, absolutely sure of their ability to sell their home at a higher rate than other comparables in the area, find themselves sitting on their property without an offer in sight. The bottom line is that your pricing strategy should accurately reflect North Dallas home values, not your idea of what you think your home is worth.
  • Develop a realistic sales strategy - Decide upon your sales strategy beforehand so that your game plan is put in place. More importantly, however, make sure your sales strategy is flexible so that you can react according to the market and according to home values.
  • Make it ready to sell - Most buyers of today are looking for turn-key properties, so make sure your home is in excellent condition before you list it for sale. It is important to realize that all the pricing strategizing in the world can’t make up for a home that doesn’t compare to other homes in the neighborhood. Clear out the clutter, stage it to sell, and perform any repairs or upgrades that will allow it to compete with other homes for sale in the neighborhood.

A Guide to Securing your New Home »

Fort Worth new homes are often spacious, luxurious and armed with great design features and amenities.

However, Fort Worth new homes may also be a target for burglaries. It is because of this that you should consider your security options when moving into a new home.

Many Fort Worth new homes include excellent security systems, although some do not. Even for those with security systems, you may want to upgrade the security in your new home so that you can protect yourself, your family and your possessions.

Tips for Securing your new Home:

  • If your home was occupied, change all the locks before moving in - Although the former owners may think they retrieved all the keys to the home before moving, they may very well have forgotten one or two. It is because of this that you must have all the locks changed once you have purchased the house.
  • Meet the neighbors and ask about any neighborhood watches - Introducing yourself to the neighbors is a great way to establish bonds and create friendships. It is also a great way to develop a community presence so that you and your neighbors are aware of anything out of the ordinary. If your neighborhood does not have a neighborhood watch in place, consider hosting a party or barbecue and getting one organized.
  • Check the home’s current security system and upgrade, if necessary - Ask a professional to check the home’s security system to make sure it is adequate and in good working order. Ask about upgrades, such as motion detectors and additional keypads.
  • Think like an intruder - Check all points of entry into the home and make sure they are well-lit. Also, make sure there are no trees or shrubs near the home that may provide a hiding place for an intruder.
  • Check your sliding glass doors - Sliding glass doors can be an easy entry point for an intruder. Luckily, however, there are many types of locks that can secure these types of doors.
  • Check your windows - Make sure all the locking mechanisms on the windows function properly, and that they are also protected by your home’s security system.

Looking Ahead to Fort Worth’s 2010 Commercial Real Estate Market »

Fort Worth commercial real estate activity is struggling to hold its own, much like other markets in the North Dallas area.

Fort Worth’s commercial real estate market was at a standstill in 2009, much to the chagrin of many landlords and building owners, and it looks like 2010 will be much of the same.

Disconnect between Buyers and Sellers

One of the problems still existing in the Fort Worth commercial real estate market is that there appears to be a general disconnect between buyers and sellers regarding pricing for commercial real estate. In fact, much of the Fort Worth commercial real estate activity is done out of necessity, such as an upcoming loan expiration or low occupancy. In other words, the only activity seen is by those who absolutely must buy or sell.

Most commercial real estate tenants are staying put, at least for the foreseeable future, thereby creating a virtual standstill for Fort Worth commercial real estate activity.

Many buyers are also waiting on the sidelines for distressed sales to come into the market. However, given the fact that many lenders are delaying foreclosure proceedings, there isn’t a whole lot of activity on this side of the market. Unless lenders begin foreclosing, the activity will remain close to dead.

Landlords and Renters at a Standstill

Fort Worth commercial real estate activity in the office sector is also expected to see much of the same as landlords hold out for more money and tenants hold their ground on rent prices.

Overall vacancy rates for downtown Fort Worth Class A office space is at 11 percent, but when sublease space is taken into consideration this number nearly doubles.

Many businesses, still unsure of where the economy is headed and whether improvements will happen sooner than later, are simply waiting it out to see what happens.

This factor has certainly played a large role in driving down the rental rates of Fort Worth office space.

There are many incentives, however, being offered by landlords to get tenants in the door. Many leases are falling $1 to $2 per square foot, and many landlords are offering one month of free rent for every year the lease is signed.

The Prestigious Neighborhoods of Preston Hollow »

The beautiful city of Preston Hollow offers plenty in the form of luxury homes. With neighborhoods that speak of New England charm and historic splendor, Preston Hollow is a highly desired suburb of Dallas. In fact, Preston Hollow is arguably one of the finest communities of Dallas.

There are many fabulous neighborhoods of Preston Hollow, but one of the more well known neighborhoods is the Preston Hollow Dallas Estate Area. This Preston Hollow luxury neighborhood has many historic homes, some of which were built by prominent architects of their time. The estate neighborhood of the Dallas Estate Area (includes homes from Walnut Hill to Forest Lane) features nine, distinct neighborhoods, which include:

  1. Mayflower Estates Neighborhood - This Preston Hollow luxury neighborhood is ideally located between Gaywood and Broadmoor Park. It features some of the largest estates of Preston Hollow, and many of the homes were built between the 1950s to the 1990s. George and Laura Bush also owned a home in this exclusive Preston Hollow luxury neighborhood.
  2. Strait Lane Neighborhood - The Preston Hollow luxury neighborhood of Strait Lane consists of a long, country lane that boast some of the largest estate homes in Dallas. Many of the homes in this community are situated on large lots, some as large as 25 acres.
  3. Los Arboles - This gated community features architect-designed homes on large lots. Winding streets, lush landscaping and small lakes add to the ambience of this Preston Hollow luxury neighborhood.
  4. Kelsey Square - Kelsey Square features larger homes built from the 1960s to the 1980s. This community also features many new homes, as well.
  5. Northaven - Most of the homes of Northaven were built by prominent architects from the 1950s. It is common to see Mid-Century modern and ranch homes throughout this Preston Hollow luxury neighborhood.
  6. Lobello - Lobello features homes from the 1960s through today.
  7. Crest Manor - Winding streets and larger, contemporary homes are found throughout Crest Manor.
  8. Brookshire Park - Mature trees and winding roads provide a beautiful backdrop to the large homes of this Preston Hollow luxury neighborhood.
  9. McDowell - McDowell features smaller homes than some of the other neighborhood of Preston Hollow, but they are often located on spacious lots.