Homes selling above asking price, numerous offers for the same property, hip-pocket listings shared only by word of mouth – it’s no secret that the North Texas housing market is booming.
To help you navigate these unprecedented home-buying and selling waters, Ebby Halliday Associates collected their top tips for buyers and sellers.
* Be qualified. Pre-plan financing by meeting with a mortgage lender ahead of time and receive a pre-approval letter that may be submitted when you make a written offer. “Less paperwork and more personal attention” is more than a saying at Home Team Mortgage Company, Ebby Halliday’s affiliated mortgage source. .
* Act quickly. In a hot market, acting slowly or sleeping on it may cost you the opportunity to buy the home of your dreams. If you’ve found a home you’d be thrilled with, don’t wait to submit an offer – other buyers will likely be doing the same.
* Make a compelling offer. Sellers often price their homes based on historical sold data or appraisals, and in a strong market where prices are rising rapidly, homes may sell for the listing price or higher. Study the sold comps, but also compare the house you want to other homes on the market, and ask yourself, “What price am I willing to pay, and at what price am I willing to lose this house?” There are many ways to make your offer more attractive (let’s talk about them) but price is usually key.
By the way, the home featured above is at 3905 Miramar Drive in Denton, priced at $299,999. It’s available for now…want to view this home or others? Call me to organize and schedule your showings today!