We often talk about the drought and subsequent watering restrictions in North Dallas. While many of nature’s problems are caused by a lack of rainfall and Zebra Mussels, the drought being faced by North Texas homebuyers is caused by a deep lack of homes for sale.
Properly prepared homes that are professionally marketed and priced right are flying off the market in days. We were out working with a first-time home buyer yesterday and we found two homes they liked. One had been on the market for three days and had five offers, the other had been on the market for one day and had three offers. Our clients made an offer above list price and their offer was not the accepted offer!
What does this mean for North Texas homeowners?
This may be the perfect time to sell your home. Many of our sellers are “waiting until the Spring Sales Season” to go on the market but now may be a far better time. Low inventory and high demand create the perfect storm for home sellers. This is the opportunity to get a far better price in far less time than any time in the past five years.
Homes for sale still need to be properly prepared, professionally marketed, and priced right. Get all of this right and pack your bags!
Are you looking for an experienced listing team? The Branch Team was named a 2012 Residential Real Estate Top Producing Team by D Magazine. Contact us at 214-227-6626.
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Originally posted at http://www.thebranchteam.com/wordpress/2013/03/03/the-homes-for-sale-drought-continues/