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Real Estate News and Advice ☛My Realty Times.
If you are planning on selling your home over the next two years, now may be the time to act. Demand is high, supply is low and many homeowners are benefiting from an almost auction atmosphere with several buyers fighting for their house in the current multi-bid environment. Higher prices and less stringent contingencies are making it easier for the seller and their family.
However, there may be more (and better) competition about to hit the market in the form of newly constructed homes. This may put an end to the buyers’ frenzy over the limited inventory of existing homes which has been below normal levels for over a year.
According to the latest report from the National Association of Realtors (NAR), the forecast for new housing starts and sales will increase significantly over the next two years:
In major urban areas across the country, building cranes are again stretched across the city skyline. In many suburbs, you can again hear the thumping of a carpenter’s hammer in the background. Those are the sights and sounds that inform us that it may be time to sell.
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….Coming to uptown Dallas! All those empty nesters who are wanting to experience the city life…look no further. Close to amenities like the American Airlines Center, the AT&T Performing Arts Center and the Fairmont Dallas Hotel. What’s not to like?
Forbes just released its list of America’s fastest-growing cities, and Texas is tops, dominating a full half of the top 10 thanks to its oil-and-energy-fueled expansion. North Carolina also did well, with both Raleigh and Charlotte cracking the top 10.
One one of the last lots in Dallas this high rise at the corner of McKinney & Olive. It will feature street level shopping and dining with office space on the top floors. Coming in 2016.
We all try to save money….of course, its as American as apple pie, but sometimes what you don’t know – can hurt you. Its so important that you use a REALTOR® who knows the loop holes in real estate & can anticipate the problems before their clients get themselves into something that can actually cost them thousands of dollars. If you think a buyer does not need representation when deciding to purchase a new build think again – A good REALTOR® can save a client thousands of dollars at a new build. A good REALTOR® will not allow their client to put a contract on a property if they are not qualified financially. Note that one of the people in this news story is a real estate agent that lost thousands on a property she contracted to build but could not afford. The other person did not understand the contract and signed it anyway.
…. if you don’t think it can happen to you!
Why you need an agent when dealing with new construction
A good REALTOR® can be worth their weight in gold!