Posted by: Bill & Gayle McCord | September 20, 2010

The 5 Best Cities to Quit Renting & Buy (Dallas!)

Wondering whether to buy a house in Dallas?

Many people have been hesitant to purchase a home in the current economic climate.  However, interest rates are incredibly low, but not low enough to ignore.  You might be missing out on a fantastic investment.  In fact, Forbes and then MSN recently published an article about the 5 best cities to quit renting and buy based on capitalization rates.  Dallas was one of them, and Park Cities, Preston Hollow, and the Uptown/Turtle Creek areas were specifically mentioned as good investments with a capitalization rate of 4.2%.  According to MSN, “Tenants in Texas’ other big city aren’t getting much of a bargain.”

8 Tips for Buying a House

That said, here are 8 Tips for Buying a House in summary:

  1. Decide to buy.
  2. Hire your agent.
  3. Secure financing.
  4. Find your home.
  5. Make an offer.
  6. Perform due diligence.
  7. Close.
  8. Protect your investment.

As always, we’d love to help you negotiate this new journey!

(photo credit)

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Responses

  1. Great Article!


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