Dallas Real Estate and Short Sale Blog: February 2014

So Many Buyers, So Few Homes For Sale

Sold2012 and 2013 were great years for the real estate market. We saw a solid recovery with increasing sales prices and a reduction in inventory sitting on the market. So here we are in the spring of 2014. We have lots of buyers looking for homes but few homes for sale. In some price ranges, homes going on the market are selling in hours.

I spent the past few weeks working with a first-time buyer looking for a home between $150k and $180k in Allen, Plano, McKinney, and Frisco. He made offers above list price on 3 different homes only to have the seller accept an even higher offer. It reached the point that we had to be out on the first day a home came on the market and make the offer that day. The good news is he is now under contract on a home.

If you are buying a home, you have to move fast and you have to make good, solid offers. The days of “low-balling” are over. “High-balling” is the new norm in the greater Dallas area.

If you are thinking about selling your home, there has not been a better time in the past 5 years. In this market you can get top dollar and sell in the shortest amount of time. Visit www.collinhousevalues.com for a quick online valuation of your home.

Contact us at 214-227-6626 if you have any questions or need additional information.

Tom and Gina Signatures

Photos: Licensed from iStockPhoto

Originally posted at http://www.thebranchteam.com/wordpress/2014/02/23/so-many-buyers-so-few-homes-for-sale/

 

Tom Branch and Gina Branch, The Branch Team with RE/MAX Dallas Suburbs, service the greater North Dallas suburbs including Dallas, Plano, Allen, McKinney, Frisco, Lewisville, and Carrollton.  While Gina concentrates on traditional listings and buyer/tenant representation, Tom specializes in assisting distressed homeowners to avoid foreclosure.  Tom and Gina have published two books (Achieving Rock Star Status and The Field Guide to Short Sales) and are available for speaking engagements in the greater Dallas - Fort Worth Metroplex. Subscribe to The Branch Team Blog.

Follow Us on Facebook          View Our LinkedIn Profile         

Copyright 2009-2013 - The Branch Team
The Branch Team - Texas Real Estate Broker 547597 | Team Members are Texas Licensed Real Estate Professionals
Tom Branch - National Mortgage Licensing System 341963
  

The Branch Team - Named Top Producers in Dallas by D Magazine

Important Notice: The Branch Team with RE/MAX Dallas Suburbs is not associated with the government, and our service is not approved by the government or your lender. Even if you accept this offer and use our service, your lender may not agree to change your loan. If you stop paying your mortgage, you could lose your home and damage your credit rating.

All information provided is deemed reliable but is not guaranteed and should be independently verified. Properties subject to prior sale or rental.

Protected by Copyscape Web Plagiarism Tool

Comment balloon 4 commentsTom Branch • February 23 2014 01:05PM
So Many Buyers, So Few Homes For Sale
share
2012 and 2013 were great years for the real estate market. We saw a solid recovery with increasing sales prices and a reduction in inventory sitting on the market. So here we are in the spring of 2014. We have lots of buyers looking for homes but… more
Homes on Larger Lots in Allen Texas
share
You would think that everything is bigger in Texas. While that’s true with many things, it’s not true for the lots that new homes are built upon. Lot sizes have been getting smaller for many years. Why? Land costs have risen dramatically in… more