Texas yielding Big Returns for California Real Estate Investors
Written by Sentinel News Service, on 10-22-2009 00:00
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Texas yielding Big Returns for California Real Estate Investors
It was once said that "wealth accumulation was a result of money movement" this statement has never been more true than in today's environment.
While high prices and low values affect some parts of the country, other parts enjoy steady values and significantly lower cost. The Dallas/FT. Worth Metroplex is such an area. It is still possible to purchase a dream home while fitting the Monthly payment well within your budget. Real Estate in Texas still offers the possibility of a bountiful return to buyers.
Recently three airline stewardess sold their California homes and moved to Texas. It was there in the Dallas FT. Worth Metroplex that they were able purchase new homes with land and trees, and still have money left over to pile away in an account at the Bank. The median home price in Dallas FT. Worth Metroplex area is $150,000 compared with: between $400,000 and $500,000 in California.
Irene Lucius of RE/MAX Dream Team (formerly Laurent & Associates) feels Texas offers both homebuyers and investors excellent opportunities to build wealth through real estate. "Prices are both steady and even rising in some of the best areas" said Irene who is a member of MetroTex Association of Realtors,(r) Texas Association of Realtors,(r) and the National Association of Realtors.(r) Each of these organizations has help prepare her for the job of transitioning newcomers to Texas from their former States. "After 10 years of working in the Real Estate business, I know the process of buying and selling property In the Dallas FT. Worth Market very well. I know the Bankers that will make loans, I know the neighborhoods, and I know the values, "stated Irene. "Houses are still being sold by homeowners, and banks are still making loans. Sure we have some bank owned properties but they present opportunities for investors also," said Irene.
Lower prices and steady values create the chance for buyers to sell a home that has high equity in California and purchase a home it Texas of equal value and still have enough cash left to supplement their retirement. "Don't leave out the first time buyers, said Irene. "Texas has a place for them as well."
With prices as low as $50,000, getting into the first house is a real possibility. First time buyers should call for free consultation with a real estate agent trained in helping first time buyers from out of state.
In many cases, the entire transaction of purchasing an out of state home can be completed using mail, Email, and the telephone. Parties that wish to speak with Irene Lucius can do so by can contacting her at the following contact numbers.
Irene Lucius at the RE/MAX DREAM TEAM (formerly Laurent & Associates). Cell: 214-728-4686, Fax: 214-372-2135. Email:
