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Buying property from developers before the building has been completed is a very popular choice for a large percentage of property investors in recent years. Called off plan investing, it allows investors to benefit from the discounts on offer and give them the opportunity to take advantage of growth in capital during construction time and ultimately increase their net worth.

Buying off plan typically refers to buying a property that hasn’t been constructed yet or is yet to be completed. In this setup, you won’t be able to see the finished property before making the commitment to buy. But you will usually be able to take a look at the plans and the graphical representations of the development.

Why buy off plan

The main reason for buying off plan property is to obtain a discount of approximately 20% off the market value of the property. This is normally possible particularly in an escalating market because the property is just in its construction or pre-construction state at the time of the acquisition. This means that there is an advantage in time while the property is being constructed which usually lasts until construction is finished and the property is ready for occupancy. The advantage in time is dependent on the schedule of construction and can differ from a year or more.

Advantages of off plan property investment

Investors can buy off plan property as a medium- to long-term investment or they can choose to resell it before construction is completed. When the property is already completed, investors can choose to keep it, pay the balance with a mortgage or through their own money and rent the property out.

Off plan property is typically reserved by paying 5-15% deposit before its completion or construction. This allows investors to take advantage of growth in property prices.

It is easy to reserve off plan property because there is no need for a buyer to get a mortgage and he is not required to manage the property or rent it out.

When an investor resells his right to complete on an off plan property before it is completed, he can save on stamp duty (usually 1-4%, depending on the value of the property) normally paid for constructed properties.

Purchasing a new property often gives an investor the advantage of a structural guarantee issued by the National House-Building Council or a similar association.

Investors buy off plan property and take advantage of the stage payment method of funding the build. Some put the property back on the market just as they are about to make the final payment - typically the largest - and subsequently take out all the profit from the expected increase in value that the property has accumulated throughout the period it took to construct it.

Developers typically require buyers to make stage payments throughout the build process. This means that there’s no need for you to put down a large one off payment. Thus you can budget and save ahead to have enough money for each payment and you can efficiently secure a high value asset for an extremely low initial capital expenditure.

Investing in off plan property is a great way to increase your property portfolio in a rising market. The key is to make sure you reserve your off plan property at the right price - this involves research and knowledge of the market.

1. Time is money when selling your home

After you’ve made the decision to sell your home, the longer it remains unsold on the market, the more it costs you. Many home sellers feel it’s very important to receive close to their full asking price. But they overlook the additional months of carrying costs, such as mortgage interest, property taxes and maintenance. I’ve seen homes remain unsold on the market for years! Obviously, those home sellers are not highly motivated to sell. If they’ve already moved to their new home, maintaining a vacant, overpriced house can be very expensive, usually costing $1,000 or more each month the home remains unsold.

2. Get your home into near-model home condition

Most home buyers today want to purchase a home which is in basically good condition and does not need major fix-up work. This is called a “red ribbon deal” home because it’s like a gift wrapped with red ribbon.

There are few buyers for fixer-upper houses–and they want bargain prices to compensate for the necessary work. The goal of home sellers who want to sell fast for top dollar must be to get the home into near-model home condition. However, spending major money is not required. Most homes just need basic, inexpensive work to get the residence into very good condition where all the buyer must do is turn the key in the door and move in.

3. The reason most homes don’t sell–they are overpriced!

Many home sellers want to set their asking prices above what their realty agent recommends. These sellers often hope an out-of-town buyer will overpay for their home. That rarely happens! There are several reasons, such as buyer’s agents who look out for their buyers, competitive listings which are realistically priced close to market value, and lender’s appraisals which reflect market value. Buyers quickly become experts on home values after they’ve inspected a dozen or more similar homes in the vicinity. They rarely overpay. Most homes have a “range of values.” Many factors influence this range of values–such as local economic conditions, the home’s location, supply of similar homes in the same price range listed for sale, number of buyers currently in the marketplace, the physical condition of the home, the skill of your realty agent to properly market the home to as many prospective buyers as possible, the financing available, quality of the local school district (the best schools create home buyer demand), and the desirability of your home compared to other nearby homes now available for sale.

4. Be flexible–don’t get greedy

If you’re just testing the market and will sell your home only if you get your inflated asking price, then you’re not a serious motivated seller. However, if you are motivated to sell, the best attitude is to be flexible, don’t get greedy and don’t insist on receiving the last dollar of profit. Instead, consider all purchase offers which are presented. No matter how low and insulting the purchase offer might be, make a counteroffer! After several days or even weeks of counteroffer negotiation back and forth, home sales often result. But sellers who are inflexible and don’t make counteroffers have only themselves to blame when their home doesn’t sell because they are inflexible and greedy.

5. Get out of the house!

Finally, if you listed your home for sale with a professional realty agent, let that person (or a buyer’s agent) do their job. Whenever you know an agent is bringing a prospective buyer to inspect your home, even on short notice, get out of the house! There’s a very good reason you don’t want to meet the prospective buyer.

Experienced realty agents will tell you that until a buyer criticizes a residence, he or she is not a serious buyer. If the seller is hovering nearby, the prospect usually will not criticize your home. Instead, he or she will look at it and leave without making a commitment to that possible future residence. Also, the buyer’s agent won’t comment about the pros and cons of the house if the seller is within hearing range. Even if you just walk around the block 10 times while a buyer inspects your home, get out! Also, get your pets out–there is nothing worse than an offensive pet (or pet smell) to chill prospective home buyers from quickly buying your home for top dollar.

When it comes to purchasing a house, many people believe they know the basics but not the detailed steps to buying a home. This article can help those individuals in need of a guiding hand who are searching for and ready to begin purchasing a house. While most new buyers may turn to real estate agents for home buying assistance so they can be guided and counseled through the process of purchasing a house, others just want to get a good overview of the things they are going to encounter, and the following information will be a big help along the way.

* Identify what type of home you want. This is the first of the initial steps to buying a home and is highly important. Ideally, what you want to consider at this stage is what will suit you best. Among the many choices you might be facing, you need to consider the number of bedrooms and bathrooms for all the family members, proximity to work and schools, school districts, amenities that a home and the area will provide, the area’s safety, and maybe even the percentage paid for taxes. The better you are able to identify what you want when purchasing a house, the easier it will be to drill down when searching and not waste your time in homes that will not interest you. You will have a targeted focus that gets you straight to the home you want to live in.

* Get financially pre-qualified. This is one of the crucial steps to buying a home that needs to be done! It is a relatively quick process of understanding your financial well-being and seeing how much of a house you can afford. It is important to have this done by a financial institution that does mortgages because they will be able to look at your entire financial picture. The more accurately this is done, the easier the financing will be when you begin purchasing a house.

* Begin your home search! Now that you know where you stand financially and know what type of home you want, begin your search through the many properties available in your area. I strongly encourage people to work with real estate agents as they are able to give you great guidance as to some of the things you might be considering and looking for in a property. Also, they have access to a lot more information - from details and helpful steps to buying a home to layouts and pictures - much more than you would be able to acquire yourself.

* Make an offer. Once you’ve found a home that matches your search criteria and budget, one of the next steps to buying a home is drafting a written contract (offer letter) to the seller with the purchase price you are willing to pay, any terms and conditions you are looking for in the deal, and remaining responsibilities by both parties (buyer and seller) so that a sale can be executed and the process of purchasing the house can begin. This important stage in purchasing a house is another great reason why I support and encourage the use of agents. Here they will be able to help you with information on how comparable homes in the area have done. This will ensure that your offer is adequate and that you do not have to pay more than what would be needed. Real estate agents also have experience drafting offer letter contracts that may be filled with legal terminology and can often be confusing.

* Negotiate and agree to terms with the seller. One of the next big steps to buying a home is negotiation. If your offer matches all the conditions that the seller was seeking, the offer will probably be accepted. Realistically, this rarely happens, and negotiations between both sides will take place once the seller counteroffers. If you’re still interested in purchasing the house, you may have to negotiate price, financing terms, repairs, closing and move-in dates, and other things that each party may find important before agreeing to the purchase details.

* Get things ready for day of purchase. Since many home buyers finance homes, lending institutions will require that different things be done to ensure they are not lending on a house that might not be livable or have the ability to be resold. That is why appreciations and inspections are requested by the banks during the process of purchasing a house. In addition, banks want to protect the investment made by both parties, so they will ask for home insurance to be secured and the title from the seller to be clear.

* Close. At last! One of the final steps to buying a home is here and the day that everyone has been waiting for. Both sides will meet at a title or attorney’s office to make sure financing is exchanged and the title to the property is provided to the new buyer. Financing details sometimes vary between lenders, but they will be able to guide you with final closing statements, additional money you might owe, and details of how the transaction is being processed.

* Move. Although this is one of the steps to buying a home that is outside of the actual buying process, I thought it was important to include because it is still part of the new home experience. Whether you are moving things yourself or using a moving company, there are many things to be considered for your next move and that, done ahead of time, will prevent many headaches and reduce the anxiety that goes with moving.

Companies like the one I am associated with help customers through each of these steps to buying a home, providing guidance to those who need it. Purchasing a house is not simple, and you’ll likely be in need of home buying assistance along the way. If you follow these basic steps to buying a home, however, you’ll soon be on your way to owning your very own property.

The Real Estate Agent

A person becomes a real estate agent by attending a certain number of hours of training, passing a state test and obtaining a license to engage in real estate sales from the state where they will work. During the training most potential agents get a feel for what area of real estate they would like to focus on. In most cases it is general real estate. General real estate is listing homes for sale, selling homes to buyers and renting homes to tenants for landlords. Commonly, the agent does all of these but in some cases they specialize in just one area. Some people are better at working with buyers and so they become a buyers agent. Others only work with sellers and some become property managers that work with landlords and tenants. Although there are designations that certify an agent has special training in one certain area of real estate, a real estate license does not limit an agent to any specific area. More and more, buyers, sellers and landlords are looking for expertise in their agents, so specializing in a certain area can give an agent an advantage when competing for business. Other areas of real estate that agents may specialize in are commercial real estate, bank-owned properties and relocation specialists.

Listing Properties for Sale

When most people are ready to sell their homes, they call a real estate agent to find out what the home will sell for on the current market. The real estate agent will do a comparative market analysis on the home and explain to the home owner what comparable homes are selling for. They will explain what their company will do for the seller in order to get the property sold in a reasonable time and then list the home for sale. The agent will then enter the listing in the Multiple Listing Service for their area and begin to market the property. Marketing is done in different ways according to the property to insure it is being put before the properties specific target market. In most cases, a residential home would be placed on the companies website first. Postcards would then be mailed out to surrounding neighbors, to let them know the home is for sale in case they know of a friend or family member that has stated they would like to live in that neighborhood. Then advertisements would be written for real estate magazines and classified ads. Most real estate magazines have their own websites now and the listing can reach hundreds of thousands of potential buyers overnight. Besides marketing, the listing agent is responsible for setting up the appointments to show the property for any other agent that may want to bring their potential buyers to view it. Once a contract for sale is obtained, the listing agent will be the liaison between the buyers and their agent and the sellers, helping to negotiate the best possible transaction for the seller. The property then goes to settlement and title is passed from buyer to seller. The real estate brokerage then earns a commission and the broker pays the agent a percentage of that commission.

Helping a Buyer Find the Perfect Home

An real estate agent working with buyers will interview them to find out what type of home they are looking for. The agent will usually do some research on the computer and locate properties that fit the parameters of the buyers requests. They should also have a good working knowledge of the market in which they work and may know of just the right home. They then call and set up appointments to take the buyers to see these properties. The buyers may find the property they want in a day or it can take months. If a property interests a buyer, the agent should find out every piece of information they can about the property to present to the buyers. Once the property is found, the agent writes an offer to purchase contract for the buyers and presents it to the sellers agent. The agent will advise in the negotiations between the seller and buyers to insure the best price and terms for the buyer. The agent will also help the buyer with financing, ordering certifications and inspections and getting them to settlement. At the final settlement a commission is collected and paid to the real estate brokerage. The broker of the buyers agent then pays the agent a percentage of that commission.

Other Ways for Real Estate Agents to Earn Commissions

All commissions are paid to the real estate company and individual agents are paid by the broker of their company. Rental commissions are paid to real estate companies for renting homes or apartments. The agent that brought the landlord or tenant to the company is paid a percentage of the commission either monthly or by a one time up front fee. Some real estate agents do Broker Price Opinions for lending institutions. These are normally paid as a fixed fee, not a percentage. Commercial real estate and land commissions are negotiated much the same as residential and paid as a percentage of the sale. In some states, real estate agents are allowed to do appraisals with certain restrictions and can be paid a fee. Lastly, very successful agents sometimes do training seminars and are paid a fee. Some agent have made training a career and are quite successful.

Many homes remain unsold for a long time because they’re over-priced. Pricing your home right is essential if you want to sell your home in quick time. Expecting more for your home than the rates that prevail in the market will only delay the sale of your home, unless your home has something more to offer than other homes. When it comes to pricing your home for sale, you need to consider that your home is going to be competing with other similarly priced homes in your area and unless there’s a short supply of homes for sale, you’re going to have to set a competitive price.

All that said, some homes do sell for more as do some homes for less. It all comes down to how you set your asking price, how you go about negotiating and what are your costs involved in the selling process. Here, we’ll discuss how you can determine a fair asking price for your home in prevailing market conditions.

Real estate agents - Whether you intend on using the services of an agent to sell your home or not, they will call you to offer their services so you may as well get them to provide you with some information. Agents will usually offer to give you a free “Comparative Market Analysis (CMA)” of homes recently sold and presently on sale in your neighborhood. This data should be useful in helping you set a reasonable asking price, keeping the features of your home in mind and how it compares with the others.

Internet Listings - Browsing internet home listings will give you a fair idea of how much homes are priced in your neighborhood and how much you can sell it for. There are plenty of ‘by owner’ sites with many internet listings and there is also realtor.com which offers MLS listings.

Driving by the neighborhood - Surveying the area yourself and visiting homes presently on sale will give you a good idea of how much you can quote for your home.

Home Appraisal - Getting a real estate appraiser to put a value on your home, based on its condition and recent home sales in your neighborhood, should give you a fair price range in which you can sell your home. The appraisal can also be used to help justify your price when negotiating with buyers. (Get a free home appraisal done here.)

So set your price after investigating two or more sources, so that you can justify for the price you set. Your home will sell fast as long as there’s a reasonable amount of demand for homes in your neighborhood and you don’t overprice your home when compared to other homes in your area.

The best price to sell your home is always determined by how you compare against your competition, the house down the street. If your property looks better than the next guy’s the customer will buy yours.

It all comes down to image, making sure it shows at its best. This is accomplished with minor repairs, some decorating and a lot of elbow grease. It’s no different than a used car dealer shining up the cars inside and out. You systematically go through your home, inside and out, room by room, and make it look great.

Outside

Paint it, wash it, mow it and clip it. First impressions are lasting, and you don’t get a second chance to make a good first impression. Look at your home from the street. If you can’t see it through the trees, trim bushes so windows are completely exposed. Make sure your approach to the house is clear of overhanging foliage. Wash the windows. If you have a blacktop driveway, put a fresh coat of sealer on it. Dress up flowerbeds with new shrub or flowers and repair any damaged fencing.

Inside

Arrange furniture in to give the most visual appeal to the room. This may not be the most functional, but at this point we don’t care about function. Clean up the rooms of any clutter, toys, excess furniture, books or anything that gets thrown around. You’d be amazed at how many sellers don’t do this. Don’t forget clean, clean, clean.

The less in a closet the larger they look. If the master bedroom is short on closet space, you should consider adding a closet organizer.

If wallpaper is out dated or paint is old and chipped, put on a fresh coat especially in the kitchen and bathrooms. Kitchen counters should be clear with just the basic items you need. Make sure faucets shine and don’t leek. Toilets should flush properly and not keep running. Tile or tub liners are in good shape and clean. Repair or replace chipped sinks or tubs. And again keep them neat and free of clutter.

Basements and Attics should be neat and orderly. The furnace and hot water heater should be dusted and accessible. Cracks in the walls that have been patched and don’t leek should be painted.

It doesn’t cost too much to stage the home as well. Pictures, mirrors, pillows and plants can transform a room. You can even rent furniture if you’ve already moved out.

These are just a few of the things you can do with very little expense that will greatly increase the price you get for the house compared to the competition. I can’t tell you how many times I’ve viewed a home where they seller didn’t even bather to vacuum or sweep the floor. I can tell you the offer was low. Seek the advice of your real estate professional, they have seen it all and seem to always have great ideas.

Turn the Television on any Sunday morning and you’ll find yourself in the middle of a “how to buy real estate” infomercial. Can you really buy a house with no down payment? Can you really make thousands or millions of dollars buying real estate. Of course the answer is “yes” and “no”. The real question is, are you willing to pay anywhere from $500 to $5000 for the information, classes and hotline? Most important are you self disciplined enough to follow the program.

Before you spend money on these expensive programs, here are my top ten “no money down” ways to buy real estate. If you’re self disciplined and willing to hear the word “no” many times before you get a “yes”, then maybe you can buy a house without a down payment.

1. First is to check out the many new zero down programs now available from lenders. Especially if you’re a fist time buyer. Also FHA and VA have loans that may not be zero down, but are very close.

2. Borrow money for the down payment - Borrow the money from family, friends or a business partner at a high interest rate or a percentage of the profit when the property is sold

3. Raise the price and lower the terms - Offer the seller more than he is asking provided he is willing to accept the down payment in the form of a note. If the seller is asking $150,000 with $15,000 down and willing to carry the balance of $135,000. Try offering $155,000 in the form of a promissory not instead of cash. The seller gets a little more money for the additional risk.

4. Borrow against a life insurance policy - Many life insurance policy’s let you borrow against the policy for the purpose of investing in real estate or other investments.

5. Use other property as collateral - Create a note on existing property that you or a partner own and use it as the down payment for the property you are buying.

6. Home equity loan - Home equity loans are generally easy to qualify for as long as there is adequate equity in the property.

7. Seller refinance - Have the seller refinance the property, receiving the cash he needs from the proceeds of the new loan, the buyer gives the seller a note for the balance of the seller’s equity.

8. Find an investor - There are many people who have money but no time. Their current profession keeps them too busy. Work out a deal where they put up the money and you split the profits when you sell.

9. Lease with option to purchase - Lease a property with the right to buy it at some future time. Provide for the rental payment to be credited towards the down payment if you decide to exercise your option.

10. Give them something they need - If the seller is planning to purchase something in the future that you own or can buy, use it as a trade. This can be anything such as furniture, boat or motor home.

There are several factors that can influence your mortgage rate.

Inflation is one primary factor that lends to the fluctuation of mortgage rates. Inflation is simply the growth of economy and the increase of prices of goods and services. Economic growth brings an increased demand for goods and services, and this allows producers to raise their prices. Higher prices lends to an increase in real estate prices, rental fees and mortgage rates.

In an effort to reduce inflation and slow down the economy, the Federal Reserve will decrease interest rates. As a result, mortgage rates are decreased as well. Although mortgage rates have a propensity to move in the same direction as interest rates, their movements are actually determined by the supply and demand for mortgages.

When compared with interest rates, mortgage rates have a slightly different equation in their supply and demand. This variance is the reason that mortgage rates will sometimes move differently than other rates. For example, a lender has an obligation to fulfill, and is forced to close additional mortgages. In order to do so, he or she would have to decrease the mortgage rates, even though interest rates may be on the rise.

Other Factors Affecting Mortgage Rates

There are other factors, besides inflation, that influence mortgage rates. Naturally, your mortgage rate will increase as the amount of the loan increases. This expansion of mortgage rates is particularly true when the loan amount exceeds your established loan limit. The loan limit will usually change at the beginning of each year to conform to mortgage rate trends that have been established.

Loan duration may also affect the mortgage rate. A loan over a shorter period will usually equate to a lower mortgage rate, while longer loan terms can bring about higher mortgage rates. If you take a loan over a fifteen or twenty year period, you can save thousands of dollars on mortgage rate payments. However, this shorter time period will also mean that your monthly mortgage payments will also be much higher.

To avoid this high payment, an adjustable mortgage rate may help you begin with a lower mortgage rate, but if interest rates grow, your monthly mortgage payments will rise as well. Fixed mortgage rates are typically higher than adjustable mortgage rates but they can save you money also, especially if the interest and mortgage rates go up.

Making a larger down payment is another way to save on your monthly mortgage payment. A down payment of more than twenty percent of the buying price will allow you to access the best possible mortgage rate. Typically, mortgage rates are higher if the down payment is less than five percent because you initially have less property equity and, therefore, less collateral.

Discount points can also affect mortgage rates. A lower mortgage rate generally means higher points paid on your loan. This same rule applies for lender fees such as closing costs. Higher closing costs paid to the lender will result in lower mortgage rates. If you choose not to pay for all the closing costs up front, the lender will increase your mortgage rate to accommodate the additional fees.

The concept of fluctuating mortgage rates is quite simple. Lenders are usually willing to lower their mortgage rates, provided more money is paid up front. When you put more money down, you’ll pay lower mortgage rates. Less money down, on the other hand, results in higher mortgage rates.

You should always let a licensed Dallas real estate agent assist you in finding the very best deals on new homes in the Dallas, Texas Area. This will save you and your family a good bundle on cash.

Did you know that there are many new businesses relocating to the Dallas area? If you are one of those business owners that are moving relocating there then you should consider seeking the assistance of a licensed Dallas real estate agent who if able to help you in handling all the errands of your next purchase. Time is defiantly on your side when it comes to buying when you have a professional helping you.

If you are not a Dallas native and you don’t live near the Dallas area, it just might make more sense to find a good Dallas real estate professional who knows the city and knows the best neighborhoods that would be better suited to fit your lifestyle needs. In addition, often time real estate agents will have the insides on upcoming Dallas real estate that is on the verge of going on the market. Many times, before the property goes on the market the real estate agent will know which might help you get the inside scoop on a great condo or single family property before anyone else gets a chance to purchase it.

With so many people moving to Dallas for work these days having an inside edge when it comes to buying new properties that haven’t hit the market yet can get you a great deal on a home that you might not otherwise have been able to get. And you can only get that advantage when you buy a new home using the services of a qualified Dallas real estate professional.

Did you know that real estate agents have more access to properties than anyone else? Many real estate agents who have the access to the MLS can find anything from a luxury modern home to a large ranch style home or even a little home at a really low price. For whatever you have in mind there is Dallas agent that is there to assist you.

Let’s focus on a very important task that your agent can help you with. Your agent has access to mortgage brokers that are willing to finance your home and the best price and rate. A good Dallas real estate agent can also speed up the approval process by making the necessary calls and guide you through the essential steps of buying a home. They are usually able to write up any contracts related to the sale without the need of a real estate attorney. Bottom line, if you’ve never purchased a home you’ll find that using a real estate agent can make the dull process of home buying seem more pleasant. Don’t miss out on the next great deal and hire yourself some help.

Purchasing any real estate anywhere over leasing a condo may seem like a terrifying thing to do. But remember that in the long run you will be pleased with the decision of buying over renting. Don’t hesitate; real estate is on your side.

If you’re starting to look or have been looking around for your first home you should start thinking about buying Dallas real estate.

There is a lot of awesome Dallas real estate on the market right now, Dallas is a rapidly growing city that is changing all for the better. Many family homes on the edge of the city or suburbs are becoming available right now at a very low price so if you have wanted to find a nice new family home at a well price then Dallas is the fabulous place to look.

Found a Dallas real estate agent yet? Having a qualified experience Dallas real estate agent could be the best thing you have ever done when, buying Dallas real estate. They can help find you a family home that is just right for you. A Dallas real estate agent has more access to available home that fit into your budget. A Dallas real estate agent is more experienced in the process of buying and finding homes the Dallas area. One of the first things a Dallas real estate agent will have you do is get a copy of your credit report.

It is very important you know what is on your credit report before buying a home. A mortgage company or home loan lender is going to base their decision about giving you a home loan to buy some Dallas real estate on whether or not you have good credit. So knowing what is on you credit report is very important. The next step is to get your credit report clean up, getting the best possible score is important when applying for a home loan or mortgage. Make sure you have all your credit card cleared up, is a good way to clean up your credit report before applying for a home loan.

You also need to find out which home loan you are eligible for. There are two types of home loans you can be eligible for. There is an adjustable rate home loan and a fixed rate. The adjustable rate is the lower monthly payment, in the beginning but after the fixed introductory period it could double or even triple your monthly payments. The adjustable rate home loan usually has a fixed introductory period which usually is about a year, the rate will adjust and usually go up to or down whatever the current interest rate mortgage is. For a first time buyer an adjustable rate mortgage can be risky. The other is a fixed rate home loan. This one usually cost more but it will have a fixed monthly payment so the buyer will always know what their monthly mortgage will be.

Many families that are buying their first home will apply for an adjustable rate mortgage first and keep that mortgage for a year then refinance that mortgage and get a fixed rate home loan just before the introductory period ends. If you don’t have a lot of money and are worried about the initial monthly mortgage payments then you should start with an adjustable rate mortgage when you buy Dallas real estate.