Still a Good Time to Sell? Multiple Offers Say Yes!
November 1st, 2013 | by ml
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Is now still a good time to sell your home and move to the next phase of life? Low inventory, low mortgage rates and pent-up demand mean that the fall market remains strong. Experts at Briggs Freeman Sotheby’s International Realty offer advice on making the most of the market.
Amy Detwiler
Because we are still seeing a low inventory of homes for sale in Dallas, sellers can take advantage of little competition for buyers. We’re still receiving multiple offers on homes throughout the market. With investment experts continuing to recommend luxury real estate as a solid buy – and with mortgage interest rates inching up – buyers will be motivated to bid on your home. Then, you can seek your next home and investment.
Wynne Moore
In Southlake, Colleyville, Grapevine and Keller, it’s a great time to sell your entry- and mid-level home and start looking for the home you’ve always wanted – whether it’s for square footage, luxury amenities or a neighborhood you’re eyeing. As these communities continue to receive praise for great schools, safety and quality of life, the mid-level homes are in demand and selling quickly. We recently put a home on the market on a Friday, got multiple offers, and closed the deal by Wednesday.
Judy Sessions
It’s a great time to sell a home in the Dallas market. In most price ranges and most locations in Dallas, the low inventory of homes for sale that started in late winter and early spring has continued through to the fall real estate season. Low inventory leads to buyers paying higher prices. And, though on the rise, mortgage rates are still low, which is encouraging buyers to make a decision.
Lisa Besserer
Yes, for several reasons: First, the market will get hit with a lot of new listings in the spring, and your home will have more competition. Second, the interest rates are going to continue to rise, so I think it’s best to sell as soon as possible – before high rates factor into homebuyer decisions. Finally, December is a good time to sell, because corporate transfers often start in January. December closings have been extremely high in the past two years.
Briggs Freeman Sotheby’s International Realty is Dallas’ luxury real estate leader, with more than 200 agents in five offices located throughout Dallas-Fort Worth and access to the global Sotheby’s network, including more than 11,000 agents in more than 650 offices worldwide. CEO Robbie Briggs independently owns and operates Briggs Freeman Sotheby’s International Realty. For more information on escapes and second homes, ranch and land, and luxury homes in the Dallas-Fort Worth region and beyond, go to briggsfreeman.com.
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