Searching for My Home: Where Do I Live? Part One

When new potential homebuyers or homeowners for the matter are searching for their home, it is sometimes a task to choose where to live in the metroplex. The metroplex (which would soon be just the megaplex in a few years) is so big with many areas to fit your lifestyle, budget, and career place.

One of the first questions that I ask during my buyer’s consultation is where do you want to live and why? Most people choose to live closer to their jobs. The way traffic is setup in the metroplex that may be a smart thing but not always the best case. Some people want to live closer to areas that are similar to their lifestyle. Examples could be a place that has nearby trails, parks, malls, restaurants, and etc. Some buyers have a desire to live in one area because they are currently renting in that area. What happens when your pre-approval doesn’t match what’s available in that market?

So the big question is what areas of the metroplex would you choose to live in? This blog is not to tell you why one area is the best but bring you to the forefront of what areas are in the metroplex. It will also scope out where the area lies. I usually have people say, “Andrea, I do not want to live here and here because of such and such.” My reply is every city has their good and bads. You are buying a home in a neighborhood. Let’s repeat that: You are buying a home in a neighborhood. If your home is in a great neighborhood, in your price range, and livable for your family, and meets your other requirements, would you not choose to live there?

So let’s take a look at some of the Dallas suburbs to the East and Northeast.

Mesquite
Mesquite is a city and an eastern suburb of Dallas, Texas. Most of the city is located in Dallas County with a smaller portion in the east overlapping into Kaufman County. 

 Homes in Mesquite
Mesquite Homes for Sale

Garland
Garland enjoys a rich history that has shaped it into the thriving metropolitan-area city that offers its residents and businesses a high quality of life, excellent educational and workforce development opportunities, and is enhanced by community leadership and partners. Garland is proud of its affordable and business-friendly climate. One area of Garland that I rave on for its beauty is the Firewheel area. It is home to the Firewheel Golf Course and the Firewheel Mall which is similar to any other “shops” in the metroplex. 

Garland Homes for Sale

Rockwall

Rockwall was founded in 1854 and is the County Seat of Rockwall County. Rockwall is approximately 22 miles east of downtown Dallas on Interstate 30 with a population of over 40,000. Did I mention that this town has an area for premier commercial, entertainment and recreation spot on the hillside of beautiful Lake Ray Hubbard?

Rockwall Homes for Sale

Rowlett
Rowlett is home to approximately 55,000 residents and is nestled on the shores of Lake Ray Hubbard in far east Dallas County and a portion of west Rockwall County. 

Rowlett has more than 30 miles of shoreline on the lake, making it one of the most beautiful places to live in the Dallas/Fort Worth Metroplex. 

Rowlett Homes for Sale

Sachse
The city of Sachse is located 20 miles northeast of Downtown Dallas with a population of approximately 20,000. 

Sachse Homes for Sale

Wylie
In the 21st Century, Wylie has become one of the fastest-growing communities in Collin County, DFW Metroplex and the state of Texas. With this growth, the city has made a transition from “bedroom” community to a “balanced” community combining quality residential living with a healthy business climate. It is located near Lake Lavon and Lake Ray Hubbard. 

Wylie Homes for Sale

Murphy
Murphy is a small, quality community with a history that goes back to the early 1900s. The city is located in southeastern Collin County, on the outer fringe of the Dallas / Fort Worth Metroplex. Situated midway between Plano and Wylie on FM 544, Murphy is 2 miles south of the famous South Fork Ranch. Additionally, it shares borders with the cities of Plano, Richardson, Wylie, Sachse, Garland, and Parker and is approximately 20 miles from downtown Dallas and about 30 miles from the Dallas / Fort Worth Airport.  Murphy is 6 miles east of Highway 75 in Plano and just under 5 miles north of the President George Bush Tollway in Richardson.

In late 2002 was about 6,500 and continued to grow to around 10,000 in 2006. With the recent announcement of the 2010 census numbers, Murphy shows to be at an approximate population of 17,000 with an estimated build out of approximately 20,000.

Murphy Homes for Sale

“Welcome to an Engaged Community.” Community. N.p., n.d. Web. 23 Apr. 2015.

Sunnyvale
The Town of Sunnyvale is located about 15 miles east of downtown Dallas. A part of the thriving Dallas/Fort Worth metroplex, this small, upscale community in eastern Dallas County retains a personality and flavor all its own.

Sunnyvale shares borders to the north and west with the larger suburbs of Mesquite and Garland, where shopping, fine dining and entertainment are only minutes away. At the same time, the town is also bordered by the peaceful waters of Lake Ray Hubbard and the sprawling, rural expanse of Kaufman County.

Sunnyvale is situated to truly benefit from the “best of both worlds.”

Sunnyvale Homes for Sale
“Welcome to an Engaged Community.” Town of Sunnyvale, TX. N.p., n.d. Web. 23 Apr. 2015.

Forney is a rural town outside of Dallas that promotes another small town living that residents like to enjoy. Homes in this area could qualify for 100% financing with the USDA loan. 
Forney Homes for Sale
Parker’s population has increased to over 3,500 people. The town boasts about its spacious lots for home which is uncommon to its neighboring cities. This country feel of a town retains its beauty and atmosphere with close-by city conveniences such as malls and highly desired Plano and Allen schools. Parker is also home to the infamous Southfork Ranch which was made famous by the television series, Dallas. 
Richardson is one of the most conveniently located communities in the Metroplex, with access to points in all directions via both major roadways and the DART rail system. 

The north and southbound Central Expressway (US75), the main artery of the City of Dallas, transverses the City. Interstate 635, also called LBJ Freeway, is to its immediate south and the Bush Turnpike spans the northern border of the City, giving Richardson residents easy access to points east and west. Richardson hosts four DART light rail stations: at Spring Valley, Arapaho, Galatyn Park and Bush Turnpike. 

Though an inner ring suburb, Richardson continues to be a vibrant community, kept current by the Richardson City Council’s emphasis on economic development and neighborhood integrity. 
Richardson Homes for Sale
“Historical Setting of Richardson.” City of Richardson, TX : City History. N.p., n.d. Web. 23 Apr. 2015.

Is Getting a Mortgage Getting Easier?

Is Getting a Mortgage Getting Easier? | Keeping Current Matters
There has been a lot of discussion about how difficult it is to get a home mortgage in this market. There is no doubt that the process is not as easy as it was eight to ten years ago and that’s probably good news. However, it does appear that availability to mortgage money is increasing with each passing day.
The Mortgage Bankers’ Association publishes the Mortgage Credit Availability Index(MCAI). According to their site the index is “a summary measure which indicates the availability of mortgage credit at a point in time”. As we can see from the graph below, mortgage availability has been increasing dramatically over the last six months.
Mortgage Availability | Keeping Current Matters
Accompanying the latest index was this comment from Mike Fratantoni, MBA’s Chief Economist:
“A number of factors contributed to a loosening of credit in March: Freddie Mac’s introduction of their 97 LTV program (Fannie Mae’s was implemented in December) [and the] additional loosening of parameters on jumbo loan programs… Although credit remains tight by historical standards, this increase in availability, coupled with low rates and job market strength, should lead to stronger home purchase activity this spring.”

Bottom Line

If you have remained on the sidelines regarding homeownership because you were concerned about your ability to qualify for a mortgage, it may be time to get into the game.
“Is Getting a Mortgage Getting Easier?” Keeping Current Matters. N.p., 09 Apr. 2015. Web. 09 Apr. 2015.

APRIL 2015: YOUR NEXT HOME WORKSHOP

Have you been thinking about your next move? In this big move, I am talking about at the end of an expiration date. The expiration dates can vary from end of the lease, high school graduation, end of the 2014-2015 school year, etc. If your nearest expiration date for a major move is happening this summer, then you need to join me at my workshop as myself and Crystal Parkinson from Guild Mortgage discuss “Your Next Home”. 

Are you ready to be crowned a homeowner or start the crowning series to a newer home? Register today with the Lewisville Library. Contact me at atfowler@NewAvenueRealty.com if you have any questions.