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New Listings Way Down in Dallas

If you’re a first time buyer in this market, especially in the price range under $300K you might wonder why there are multiple offers on homes you like. That goes for foreclosure properties too.  One reason is the inventory levels in Dallas are low and over 32% down from 2 years ago.  Take a look at the chart.  Rational thinking tells you it’s a buyer’s market but in reality you will have fierce competition in putting a home under contract.  You need to get there first plus make a reasonable offer if a home is priced correctly. You might not get a second chance.  My suggestion would be make your first offer the highest and best and you’ll have a better chance of an accepted contract.   If you still miss out, go ahead and put a back up offer in, only 80% of contracts are closing these days so you might get another opportunity.

About Terry W. Smith

Passionate about real estate, positive problem solver, specialty boutique real estate brokerage that does things your way! A full-time Broker & REALTOR®, helping people buy and sell homes in the Dallas - Plano area. Whether you're a buyer just starting out or someone with luxury properties to sell. I have extensive knowledge and experience to help you with your real estate transaction. I am a native Dallasite & know stuff, ask me...

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