6 Tips for North Texas Home Buyers and Sellers


 

With a shortage of available inventory, 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 very strong.

To help you navigate the home-buying and selling waters, we polled Williams Trew agents and collected their top tips for today’s buyers and sellers.

BUYER’S TIPS

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 Prosperity Home Mortgage, Williams Trew’s affiliated mortgage source. Contact Prosperity Home Mortgage for a frustration-free experience from loan application to decision.

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.

Offer a compelling price
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?”

SELLER’S TIPS

Market to everyone near and far
You have the best chance of selling your home for the highest price by exposing it to the largest number of potential buyers. When you list your home with Williams Trew, it will enjoy worldwide exposure on williamstrew.com.

Respond and keep momentum
There is an old adage that time kills deals. A buyer’s interest is at a peak level at the time he or she submits an offer, so keep the momentum going, choose the best offer, and respond promptly in writing.

Don’t be greedy
If a buyer offers an acceptable price and terms, sign the offer and your Williams Trew agent will schedule a closing appointment and expertly guide you through the home inspection and closing process.

Have a buying or selling question not addressed in this post? Contact us today and we’ll be happy to help in any way we can.