Is it still a buyer’s market today in Dallas? As experts in the Dallas real estate market, we get asked this question a lot.
The answer isn’t as simple as yes or no. With that said, we buy houses in Dallas, as well we offer Seller Financing, Owner Financing, Subject to current Mortgage purchasing, Lease Option, and as mentioned above, we buy houses in Dallas, and the surrounding Suburbs.
The State of the Market for Buyers in Dallas, Texas
First off, it really depends on the property type and location.
Single-family homes in great locations that are priced well have been flying off the shelves. There’s a lot of demand in the market for certain areas, while others can seem like ghost towns. Either way, we have found that some first time home buyers bought their home with big dreams that fell through on them. Now, they have come to the foreclosure stage of not being able to make mortgage payments, and are now looking for ways to stop foreclosure in Dallas, or they simply walk away from the house. Should have told us “Sell my house fast in Dallas” and we would have bought the house.
In walking away from their home they purchased just several years ago with their big dreams, it will cause more damage to their credit rating then they know. Owing money on a mortgage and defaulting on that mortgage are two very different things. You can sell my house fast in Dallas, to an investor such as We Buy Houses in Dallas, and have the mortgage paid-off. Yes, you will still have the default on your credit, but you will no longer owe a balance on a mortgage. In other words, we pay off your mortgage when we buy houses in Dallas.
Buyers are often looking for the same thing – good neighborhoods, access to transportation, shopping, good schools, close to work, etc. Properties that deliver all these are definitely a hot commodity. Sellers with a highly desirable property are in control of the market.
But for condos and townhouses – especially those a little off the beaten path, or with some funky features – it can be quite a different story. Prices were down in certain areas of Dallas, but seem to be rebounding as the rental market increases.
Investment properties are in demand. The massive amounts of foreign cash flooding in to invest in US real estate have impacted the Dallas market in unique ways.
Overall, those people in a position to pay cash for properties have been picking up the good deals in the marketplace. As investors ourselves, we buy houses in Dallas, as rentals and for fix-n-flip to retail.
Lots of sellers are trying out speculative prices just to see if anyone bites, but most investors are walking away from deals that don’t pencil out. It is a matter of communication with the sellers of houses. We have found that most home sellers are not educated in selling your house fast for cash. We explain the process in detail and answer any questions. As well, we offer multiple transactions should the property and seller need a different type of transaction. Sell my house fast in Dallas is one way to get our attention.
Financing is still a major obstacle for buyers. Banks are being incredibly strict, requiring lots of money down and even changing their terms at the last minute. It’s not uncommon for approved buyers to get their loans pulled right before closing escrow, although it’s getting better than it was just a couple of years ago. Don’t go through all that drama, we buy houses in Dallas, and you can get away from saying “sell my house fast in Dallas.
Overall the markets remain incredibly polarized – there is a lot of action at the very top and the very bottom, with the biggest challenges in the middle.
Sound confusing? It is. But We Can Help.
There’s a lot of shakeup in the US economy still taking place, and the markets are moving fast in lots of directions at once. Should the sell and the property be eligible for creative financing, such as, Seller Financing, Owner Financing, lease Option, Subject to current Mortgage, or as most sellers want, cash offer.
We’re investing in Dallas because we believe in the community and the people here.
If you need to sell a property near Dallas, we can help you.
We buy properties like yours from people who need to sell fast. We have the cash for houses in Dallas, and you don’t need to be afraid to ask for it.
Call (214)723-1304 Now! Sell My House Fast in Dallas.
We cut out the ‘middle-man” (agents, banks).
- Do you need money so you can move out and move on? We can do that! Ask us how.
- Are there other Family members involved? Great, not a problem!
- Don’t want to pay Probate atty fees, or court cost? Not a problem, we will take care of that as well!
- Facing foreclosure? Late Taxes due, Liens on property, Judgments? Let us help you!
Yes, Selling Your House for Cash is quite easy.