Reader question:

How do I find a good real estate agent in Dallas Texas?

Juli

Great question, Juli.

The best way to find a good real estate agent in Dallas Texas is by word of mouth. If you have a good friend or family member who has bought a house and is satisfied with the experience, then ask them to send their real estate agent’s phone number or email address your way, so that you can be sure to be speaking with someone who has already succeeded with someone you care about.

Now, many people may be moving in from out of state, so you will need o find a real estate agent in Dallas Texas in a different way. This is where the internet comes in. You can search for houses on many real estate websites, and find the a real estate agent listed for that property. In addition to that, you can search for realtor profiles and read reviews online. You can also attend an open house and speak with the agent there.

Cheers,

Fashun Guadarrama.

Reader question:

What are the tax benefits of buying a piece of Plano Dallas Texas real estate?

June

Excellent question, June.

Although nobody likes the IRS, we all get a little excited when we find a deduction or rebate that we are eligible for. Whatever you can say about it, the nation’s tax system treats homeowners fairly well, so you can save a bit on your taxes if you own some Plano Dallas Texas real estate.

You can, for instance, deduct the interest on the mortgage for your Plano Dallas Texas real estate. This may even at times refer to the insurance premium for your home. It also goes for home equity loans. It gets even better when you sell your home. Unless you have a very expensive home–over $250,000–then you aren’t going to have any of the money you get from selling it taxed.

Cheers,

Fashun Guadarrama

Reader question:

How are the rates for North Dallas Texas Real Estate?

Joan

Thanks for asking, Joan.

As the year winds down, applications for home loans have been growing fo North Dallas Texas real estate, even while applications in other states have been dropping as foreclosures rise. This is part of the luck of Texas, that it hasn’t been hit quite so hard by the housing crisis as many other areas have, which has resulted in a housing market that is still booming.

At the same time as the applications are rising, though, so are the rates for North Dallas Texas real estate loans. For people looking at 30 year mortgages with a fixed rates, the rates on loans went up two .2 percentage points. For people with a 15 year term FRM, they rose one percentage point. For 1 year adjustable rate mortgage loans, it rose by .2 percentage points.

Cheers,

Fashun Guadarrama.

Reader question:

I have been looking at Dallas Texas real estate schools because I would like to get a real estate license, but my current job makes it difficult for me to attend classes. Is there anything I can do to make this life change?

Marty

Thanks for the question, Marty.

One great thing about Dallas Texas real estate schools is that a LOT of them are extremely flexible. And that’s necessary, because the real estate business can be pretty volatile, and a lot of people enter into it without realizing that they aren’t quite as good as they had previously thought. That’s why schools like Allied Schools exist so that you can get your real estate license, while still holding onto your back up job which you will need to have secure in case you fail.

Allied Schools give all of their Dallas Texas real estate schools courses online, which means that you don’t have to suffer the inconvenience of attending classes. They also allow you to enroll at anytime–when you want to, and are ready to. In addition to that, if the course doesn’t live up to your expectations, they give you your money BACK–an you have no loss from your brief foray into the real estate world.

Cheers,

Fashun Guadarrama.

Reader question:

Hi. I am originally from New Orleans, but evacuated to Dallas during Katrina. I have been living in an apartment since then, even though I had a great house back home, but now it’s too late to go back and I am looking for Dallas Texas real estate for sale. Do you have any tips on finding foreclosures in the Dallas-Fort Worth area?

Lyssa

Great question, Lyssa.

I would point everyone who wants to find Dallas Texas real estate for sale that has been foreclosed on to the Texas HUD (Housing and Urban Development) website. They have a great, simple search that you can do on HUD owned homes in your area. In addition to that, it’s not a scam. Most ads you see for foreclosures in the newspapers are scams, and will take your money to point you towards homes you can find for free.

Also, the Texas HUD is offering a special discount program on HUD Dallas Texas real estate for sale to those who were evacuated due to recent hurricanes such as Katrina or Rita. You can get a 10% discount on the value of the home so long as you make your offer within the first five days of its posting on the HUD website.

Cheers,

Fashun Guadarrama.

Reader question:

I am looking to buy Dallas Texas lakefront real estate. Any tips?

Jude

Glad you asked, Jude.

While buying any propety requires much thought and preperation, when you buy Dallas Texas lakefront real estate, it requires a little extra. One of the major things that you should due when buying waterfront property is to check and see if the lake you are buying your land or your home on is a constant level lake. If it isn’t, then the levels of the water in the lake could vary wildly, which could open you up to flooding.

Dallas Texas lakefront real estate is also more at risk than other types of properties for things such as having undermaintained roads and less access to amenities. You should check out the availability of such things, and also have conversations with neighbors about the conditions of the area and of their properties.

Cheers,

Fashun Guadarrama.

Reader question:

I am looking for Dallas Fort Worth Texas real estate and wonder if there are any good deals around?

Jackie

Thanks for asking, Jackie.

Dallas Fort Worth Texas real estate is booming, and so many real estate companies are beginning to offer some great deals, from discounts from the Texas HUD to rebates, price drops, and many other things.

As an exampl, Texas Home Central is offering a rebate of 1% off the price of your home for any real estate you buy in the Dallas Fort Worth Texas real estate area. There are no kinds of weird catches to this rebate, and it is offered on any kind of real estate you buy, from new homes that have not yet finished being constructed, to older homes, to commercial properties. The rebate can be used to help you with closing costs, such as the down payment, or it can be given to you in the form of a check once you are done closing on your new property.

Cheers,

Fashun Guadarrama.

Reader question:

I’m thinking of buying some commercial real estate in Dallas Texas. Can you give me some tips on some pitfalls to avoid?

Anna

Great question, Anna.

Investing in commercial real estate in Dallas Texas can be a great money maker, so long as you do it right. One thing that some first time investors screw up on is thinking that it will be beneficial to them to by a cheap piece of real estate that is in disrepair so that they can fix it up themselves and then sell it. The problem is that in many cases, fixing it tendsto cost way more than it is actually worth.

Another way that people go wrong when investing in commercial real estate in Dallas Texas is by taking out too much in loans. Taking out the right amount of money in loans can enable you to gain a lot of money, but if you go overboard you could kill your career in real estate investment.

Cheers,

Fashun Guadarrama.