Homeowners continue to bask in the warmth of a sellers’ market in Texas. With the relocation of corporate headquarters into the North Texas area, the job market is helping to keep the buy side of the real estate market highly competitive.
With that said, we continue to see some houses priced too high resulting in a price reduction. Sellers beware of trying to ask too much. We are at the height of the summer and many homeowners in the area are deciding to jump on the band wagon which of course means an injection into the supply side.
Also, price too high and buyers will move on to another property because they know in many cases they will need to put in an offer over ask if they want to win the bid. Depending on certain variables, this could limit the number of people who can make an offer on your property.
Price your property right based your Realtor’s comps of the area. There are many factors involved in a property being desirable to a buyer so take them all into consideration. Remove your emotional attachment to your home and prepare to sell your house. Assuming your home is in good repair, updated, staged well, ready to show, and so forth you could receive multiple offers that will drive up your final numbers.
For those of you considering listing your property and would like a comparative market analysis, call Corrie Harris at 469-573-0391 or email your request to CorrieHarris@JPAR.net.