North Texas Real Estate Blog

We know of some bargain real estate in North Texas between our office in Southlake, the DFW airport and Fort Worth.  A formidable list of foreclosures coupled with the sheer number of available properties in Westlake and Southlake, some Keller TX real estate, and homes in HEB, Colleyville, and moving towards Grapevine TX real estate have turned this into a great time to invest in Tarrant County real estate in North Texas.

While banks are tightening up some of the loose credit requirements that caused the mortgage fiasco, people with good credit scores are able to line up for some of the lowest mortgage rates in a generation or two.  If you are in that category, this is your opportunity to pick up some investment properties to supplement your income while the more “risky” buyers take a back seat.  Some banks are actually advertising the number of bankruptcies in their subprime-lending business and looking for people with good credit.  If you have worked hard to establish and maintain good credit, it will pay off in today’s market. 

Costly subprime mortgages, usually those with adjustable interest rates, were sold to borrowers with not-so-perfect credit or people with difficulty being approved for fixed-rate mortgages.  Lenders earned record profits using these tools during the housing boom.  However, as the borrowers default on the loans, these lenders also lose out.  They need a new clientele.  So, in walks the person with good or above average credit and the lender is willing to reduce the interest rate to gain the business.

Listen for opportunities to invest in properties that others have left behind.  The sharp rise in foreclosures has fueled a glut of for-sale properties.  Sellers are consequently lowering their prices in many markets and accepting bids that for many years were not acceptable in a booming market. 

If you are new to investment real estate, we will help you determine which properties within your price range are good candidates for your investment portfolio.  As lifelong residents in the area, we know the neighborhoods and schools, the amenities and the market.  We will tell you of the latest listings, foreclosures, and plain old good deals.  The process is a bit more than our motto would lead you to believe—Click your mouse for your new house!—but we would enjoy introducing you to some really good bargains and guiding you through the sale.  Contact Dave Warden at (817) 706-3291 or e-mail dave@davewarden.net.