Why It's a Great Time to Buy a Home or Condo in Dallas, Texas!
Motivated Sellers and Inventory
Now is an ideal time to buy. In most markets affordability is high but inventory is shrinking somewhat locally.
A modest recovery for existing-home sales was seen in 2011 and has continued through 2012. I think we have finally turned the corner here in Dallas, and we are seeing a much stronger market return with modest price appreciation and many more buyers in the market. Uptown Dallas has been very resiliant as evidenced by the many construction projects around the neighborhood.
There are many options out there for buyers and sellers who are willing to negotiate and work towards a win-win situation that works for both parties.
Just register to see all active condos and homes in Dallas Texas right here on my site or you can contact me and I will do a custom search for you without cost or obligation. Just let me know what you're looking for and I'll do the rest!
FHA Loans Are Available
There are many choices for buyers looking for mortgages. One option, FHA home loans, are a viable alternative for many first time buyers. The Federal Housing Administration (FHA) — which is part of the U.S. Department of Housing and Urban Development (HUD) — insures the loan, so your lender can offer you a better deal, including a low down payment and low closing costs.
These loans are available on many condominiums and single family homes in Dallas, Texas.
Benefits of Ownership
Owning a home is the American dream. A home not only provides financial benefits but it also provides shelter and security to families. Did you know that:
*Home owners move less often and are more likely to vote and volunteer time for political and charitable causes than renters?
*Children of homeowners tend to perform better in school and attain higher levels of education than children of parents who do not own a home?
*Dollar for dollar, the rate of return on an individual’s cash down payment on a house is substantial? Given the lever- age in purchasing a home, the average return on a 5% down payment over 10 years is usually three to five times greater than stock market returns?
*When you own a home you may be able to deduct the property taxes and mortgage interest from your income taxes?
*In most cases the gains that you make when you sell your primary residence are tax free?
Mortgages are at Historically Low Rates
For buyers who qualify, mortgage rates are near historical lows. According to data provided by Freddie Mac, rates averaged 9.2% during the past 30 years.
Go to www.FreddieMac.com and view the Primary Mortgage
Market Survey® for more information on the latest rates. In addition, low interest rates, coupled with recent price declines, give people looking to upgrade a unique opportunity to take advantage of market conditions. The lower the interest rate, the more home you can buy for the same amount of money. Take avantage of the below 4% rates while you can!
The Value of Your Investment
Real estate is a long-term investment. Home values could fall in some years, though, on average over the past 30 years, the median price of existing homes has increased about 6% every year. However, this is a national average and local markets vary widely. Thanks to the power of leverage, a homeowner’s return on investment is even more impressive over time.
Visit www.HousingMarketFacts.com to learn more.
About Alan Shaffer:
Alan Shaffer has been specializing in buying and selling Dallas area homes since 1997, and is a member of the National Association of Realtors (NAR). With a strong sense of client service, Shaffer has built his highly successful business through a systematic home selling system that involves extensive online and offline promotion using an innovative approach.
Educated at the University of Texas in Arlington with degrees in marketing and art history, his professional expertise includes buyer representation, foreclosures, condominiums, and extensive online marketing of homes using all available media, including the MLS (Multiple Listing Service). Shaffer's service areas include Uptown, Oak Lawn, Kessler Park, Lakewood, Bluffview and North Dallas.
In addition, if you have any general questions about buying or selling real estate in Dallaa Texas, please contact me as I'm more than willing to help.
I look forward to helping you with ALL your real estate needs.
P.s. Just because I'm The Condo Guy doesn't mean that I can't help you with any type of property. Single family, lots, investments, town homes, condos, lofts and leases!