We had several new clients that are investing actively in Dallas area and here is a summary of our team’s activities for September /October 2017.
Client 1: Californian Investor
This client bought 2 properties this month, he purchased a nice home in Allen, it’s a 3 bedroom and 2 bathroom, with hardwood flooring, attending Allen ISD. His investment goal was for 2 purposes – for appreciation and also as part of his 1031 Exchange. He picked this property as current price for Allen area is still cheaper than Plano and Frisco, and there is a trend that Allen will be catching up to the price level in Plano and Frisco very soon.
Client 2: Californian Investor
This client bought several properties over past 18 months already. This time, she bought into a property in Mansfield, price was around $200,000 and rent was $1800 a month, this is a 4 bedroom, 2 bathroom property. This area has very high rental demand as elementary schools in this area is highly rated, and with a lot of new companies expanding in Mansfield, Fort Worth, Arlington and Grand Prairie areas, it is very popular area for families relocating to here.
Client 3: Californian Investor
This client bought in an area called Mira Lagos subdivision. Mira Lagos subdivision is a beautiful subdivision near lake, and this area is assigned to award winning schools in Mansfield ISD. The elementary school and middle school are all within walking distance. Many homes here are sold over $300,000 or $400,000, my clients are investing in properties that are around $200,000 to $250,000, and this is often approx. 2,000 sqft, 4 bedrooms. We had been lucky to able to find a property for this client to buy, she had been looking at this area for over 7 months and finally bought one.
Client 4: Canadian Client
This Canadian client is a very active client, and we had been helping him buying properties across Dallas. He bought a property in Frisco. The property had multiple offers which is very common for Frisco, although he offered higher price initially, after inspection, I was able to go through several rounds of negotiations, and in the end, we were able to agree to lower price a lot because of timing pressure on sellers. This is an important strategy when negotiating with a seller, to understand why they are selling if they are under pressure to meet a certain closing date. Once they moved out furniture, condition of property is much better than what we had expected, the foundation issue was only a minor issue, it is close to Preston Rd, and easy access to both Plano and Frisco, it is a rare opportunity to find a property under $250,000 in Frisco.
Keller Williams Realty Dallas Preston Road
18383 Preston Rd, Ste 150, Dallas, TX 75252
Phone: (469) 347 1839