In this article we’ll dive into some of the devastating consequences of foreclosure in Dallas - DFW for house sellers.
Local Dallas - DFW House Buyers Have Lots Of Options For Houses But Fewer Options For Financing
Selling your house in Dallas - DFW can be a challenging task, especially if your property requires repairs that potential buyers aren’t eager to tackle.
As the market continues to be flooded with options, it can feel like an uphill battle to get your house off the market quickly and for the price you want. With economic instability affecting the real estate market and lending guidelines becoming stricter, it’s no wonder why many sellers are feeling discouraged.
However, it’s important to understand that you are not alone in this struggle. The current market conditions are making it difficult for sellers, but there are ways to overcome these obstacles. With an oversupply of foreclosed homes in Dallas - DFW, buyers have become more selective in their purchases.
If you’re struggling to sell your Dallas - DFW house, you may be considering investing more money into home improvements or repairs, but if finances are tight, this may not be an option. The key is to understand the market, recognize what buyers are looking for, and find ways to stand out from the competition.
Don’t let the devastating consequences of foreclosure hold you back from selling your house. Despite a buyer’s market, with the right strategy and a little bit of effort, you can sell your house fast and for the price you deserve.
Worse yet, due to the devastating consequences of foreclosure in Dallas - DFW, many sellers in the area who hold out for the price they want are getting little action and no offers at all… sometimes leaving the house on the market for months on end.
How Foreclosures Have Driven Local Housing Prices Down
When the housing market crashed and the foreclosures began to roll in, it flooded the real estate market in Dallas - DFW. That means that there is more inventory on the market. When that happens, that drives the price of everyone’s house down because there are more options (at lower prices) for buyers out there.
When there is more inventory than buyers, it devalues the homes for sale.
The jury is still out on whether we’ve climbed out of this foreclosure hole or not. There are still lots of foreclosure houses in the Dallas - DFW area and the banks are still holding many many area homes in their own inventory that aren’t even for sale yet.
But, there are some things you can do in this market to reach your goals with selling your house.
Selling Your House In A High Foreclosure Market
If you’re wanting (or needing) to sell your house you’ve got a couple options you should look at.
- If you don’t need to sell your house fast and can wait the market out… Get A Great Real Estate Agent On Your Side: If you don’t need to sell your house fast and you can pay the real estate agent commissions… it may be best for you to just wait the market out and give it some time for that perfect buyer to come your way and pay the price you’re looking for.The market is improving and if you can sell your house next year rather than now… it may mean a few extra bucks in your pocket on the sale at a higher value.A great real estate agent can help you list the house and market it for you. If you don’t have a god local agent, just reach out to us and we can connect you with some great real estate agents we know in town who have shown they can sell a house fast. Email us over here for a Dallas - DFW area real estate agent referral.
- If you DO need to sell your house fast… look for quick sale options like selling your house to us:Selling your house fast in a market like this can be difficult if you go the traditional real estate agent route… unless you discount your house in a big way. Then on top of that discount you’ll be paying the real estate agent commissions… which takes even more cash out of your pocket in the end.Another option you should look at is selling your house to a real estate investment firm like JMC Property Group.We buy Dallas - DFW houses and can make you a cash offer within 24 hours for a fair price.We’re not looking to list your house… we’re actually looking to buy the house from you… we’ll take care of any repair costs after we buy it from you, then we either keep it as a rental property or we’ll turn around and invest our time, money, and expertise into selling the house to another home owner.It can be a win-win-win situation.If you’re looking for full-retail value of your house, we can’t pay that. We do need a discount so we can make a profit on our end, but you won’t ever pay us any fees or commissions.
Reach Out To Us To Sell Your Dallas - DFW Texas House Fast… Even In A Market Like Today’s
If you have any questions about our local Dallas - DFW house buying service just reach out to us anytime.
You can call us at (972)734-1820 or reach out to us over on our Contact Page.
Or, if you’re ready to get a fair cash offer on your house today, just click the link below to go to our “Fast Offer” form… then fill out some basic info on your house and we’ll be on our way!