The past couple of months have been crazy! Homes that are in good condition, show ready, and priced right are flying off the greater Dallas market. It’s almost like the good old days. Two of our recent listings had multiple offers within a week of going on the market and several of our buyers had to pay list or above in order to secure a contract. The buyer’s market in north Dallas area is over in the under $200k price range.
There’s been a lot of speculation as to the reasons but many first-time home buyers have been sitting on the fence waiting for rates to bottom out or the economy to stabilize.
This may last well into the normal spring sales season unless something bad happens to the economy. The run-up in oil prices and the impact on fuel prices could send them back on fence.
If you’ve been thinking about selling your home and moving up this may be one of the best times in history to do so. Homes under $200k are moving, prices are likely at the bottom, and interest rates are insanely low. We closed a home a couple of weeks ago with a 15 year mortgage at 3.00 percent and another recent closing had a 30 year FHA mortgage at 3.875 percent.
We have many resources on our website:
Home Value Request – What’s my home worth?
Looking for an experienced team of agents with a proven track-record to sell your home? Click here.
Feel free to contact us if you have questions or need more information.
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