Should I Sell My House This Year?

Should I Sell My House This Year?

Should I Sell My House This Year? | MyKCM

If one of the questions you’re asking yourself today is, “Should I sell my house this year?” the current Housing Opportunities and Market Experience (HOME) Survey

from the National Association of Realtors® (NAR) should boost your confidence as it relates to the current selling sentiment in the housing market. Even with all the information overload in the media circling around talk of a possible recession, the upcoming 2020 election, and more, Americans feel good about selling a house now. That’s some news to get excited about!As the graph below shows, as of Q4 2019, 75% of people surveyed indicate they believe now is a good time to sell a home:In the case of those with a yearly salary of $100,000 or more, the results jumped even higher, coming in at an 82% positive sentiment.

When the study divided the outcomes by region, the results still consistently showed Americans feeling good about selling:

  • Northeast: 71% positive
  • Midwest: 76% positive
  • South: 72% positive
  • West: 81% positive

In addition to looking at income and region, the report also divided the results by generation, as shown in the graph below:Should I Sell My House This Year? | MyKCMAs you can see, many believe that, despite everything going on in the world, it is still a good time to sell a home.

According to NAR, the unsold inventory available today “sits at a 3.0-month supply at the current sales pace,” which is down from a 3.7-month supply in November. The current inventory is half of what we need for a normal or neutral housing market, which should have a 6.0-month supply of unsold inventory. This is good news for sellers, as Lawrence Yun, Chief Economist at NAR, says:

“Home sellers are positioned well, but prospective buyers aren’t as fortunate. Low inventory remains a problem, with first-time buyers affected the most.”

Bottom Line

If you’re ready to list your home, you can feel good about the current sentiment in the market. Let’s get together today to determine the best next step when it comes to selling your house this year.

Happy Memorial Day in Highland Village, TX

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Disputes Between a Buyer and a Seller

Let’s get real here…disputes can happen, in every type of relationship and this is no different in a real estate transaction. However, when clients are educated and understand the contracts most of this can be avoided. It is extremely important that you are working with an experienced real estate agent.

Buyers and sellers can have disputes, Texas Real Estate Commission TREC recently revised its contracts to change the requirement to mediate from optional to mandatory. Buyers and sellers must now attempt to resolve any contract-related dispute through mediation before going through the court system.

A question came from a buyer when reviewing the contract who asked a question regarding the MEDIATION paragraph in the One to Four Family Residential Contract (Resale) updated 7-18-14. The question was, does agreeing to this paragraph mean he/she can’t sue the seller if he/she breaches the contract?

The answer from a long term broker, Lynda Spence who is a second generation Realtor with 30 plus years experience in real estate sales, marketing and investing. Currently specializing in the State of Texas and Federal real estate Compliance Review Board and the Regional Compliance Broker for eXp Realty, LLC – serving DFW, EAST TEXAS, WEST TEXAS and SAN ANTONIO said:

“If a contract-related issue arises that can’t be resolved through informal discussion, the parties must submit to a mutually acceptable mediation service or provider and pay the cost of mediation.”


It’s in everyone’s best interest to find amicable solutions to Buyer/Seller disputes in a transaction. There are a lot of emotions involved in buying and selling houses. Look for solutions and work with the other agent. It is not about who is right or who is wrong it is about finding the best solution for the clients involved.

Happy Fourth of July….Celebrate Your Freedom

Wishing you a safe and blessed holiday!

FREE 2017 4th of July Fireworks in Dallas/Fort Worth

2016 Market Street Allen USA Celebration: FREE event featuring musical performance acts followed by fireworks. Details here  June 24, 2017 music at 4:00pm, fireworks at 10:05 pm

Addison’s Kaboom Town: Festival starts at 4:00 pm with an amazing Fireworks Show capping off the night Details here  July 3rd, 2017 at 9:30 pm

Bedford’s 4thFest: Live music, family activities, car show and more make this a fun place to be all day. The evening finishes with a great fireworks show. Details here  July 4, 2017 at 10:00 pm

Denton’s Kiwanis Club Fireworks Show: The City of Denton has a big fireworks display hosted by the Denton Kiwanis Club.  July 4, 2017 at 6:00 pm
Fair Park Fourth: An all-day celebration is held in Dallas at Fair Park. Rides, Games, & Concessions will be available all day. You can view the fireworks from within the Cotton Bowl. Details here (FREE) July 4, 2017, fireworks at 9:45 pm


Flower Mound Independence Fest & Fireworks Show: An all-day celebration that begins with a parade and ends with fireworks. Bands perform all day. Details here July 4, 2017 at 9:50 pm

Fort Worth’s Fourth: A day of family fun & activities on the banks of the Trinity River Details here  July 4, 2017, fireworks at 10:00 pm

Frisco Freedom Fest: Party in the plaza with food, family activities and end the night with fireworks. Details here. (FREE) July 4, 2017 at 10:00 pm