It happened. I woke up today and realized it's almost time to don a Sombrero for the celebration of Cinco de Mayo? That's right, the 5th of May for those lacking bilingual skills. It's been a crazy first four months of the year. It never ceases to amaze me that the older I get the quicker time goes by. My dad used to say growing up "there aren't enough hours in the day." Of course, in context he was talking about cleaning up the messes I was making both figuratively and literally.
The Dallas real estate market has been making some quick moves or messes as well. Some which also could use a clean up on aisle investment. For the first time this past month we saw higher end homes slide in price as well. We still fared well compared to the rest of the nation, but a 4% slide is a 4% slide.
In other bright news, there continue to be incredible investment opportunities regarding foreclosure
properties and even HUD properties. I had several clients in the past month able to purchase with 20% equity already in the property before planned improvements. There are some very interesting loop holes in the purchase of HUD properties which will be of particular interest to those investors with cash on hand and owner occupant clients willing to do a little work before move in.
All in all, the market is as fun and interesting as ever. This is the time to find some true diamonds in the rough. As always, I'd be happy to answer any questions regarding these new investment opportunities. britt@brittmorrishomes.com
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