One of my agents was out working in our Lexington Park sales office today. A potential buyer and his agent walked in to see one of our floor plans. After walking it, they “hated it.” We have several different townhomes available and so they were shown two other floor plans. They absolutely loved one of them. All seemed right with the world.
They walked back in the sales office and were discussing price. The model they like is just a little over $200k. They told my agent they wanted to purchase it for $150k! When asked why the offer was so low, they responded, “It’s a buyer’s market.” My agent politely told them that this was not going to happen and they went on their way.
Attention Buyers…You missed your chance to steal!
The buyer’s market in the greater Dallas area ended in January 2012. Prices have been on the way up and inventory levels are at record lows. Multiple offers are back as well.
The good news is that interest rates have remained low (they are creeping up) and you still have a chance to get a great home with low payments.
While you missed the bottom of the pricing cycle, you can still take advantage of the low interest rates to purchase a home.
Click here to search for homes for sale in the North Dallas Suburbs.
Photo licensed from iStockPhoto
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