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Dallas Real Estate – Prepare For Home Bidding Wars

Flowers are blossoming, lawns are turning green, and Spring is upon us, which means many people looking for a new home will begin taking a drive through those neighborhoods they dream of living in. The problem is, housing inventory is extremely low, which means that those that are on the market will leave potential home buyers in an all-out war to see who can snatch them up first! At Team Nelson, our Dallas real estate professionals have a few tips up our sleeves that will increase your success when you’re ready to buy a new Flower Mound or Frisco home.

The fact is, all types of homes are being snatched up nearly as quickly as they hit the market, including regular homes, HUD and foreclosed homes. What this means is that home prices will go up, essentially making it harder for home buyers to get their offers accepted. You may even find yourself in a bidding war!

Here’s what we suggest:

  • Most importantly, have an experienced buyer’s agent in your corner. Your buyer will keep a close eye out on the market on a daily basis and represent your interest – and it won’t cost you a dime since the sellers pays the realtor’s commission! You can also expect a smoother closing with the help of a buyers agent.
  • When there are numerous offers on the table for a home, don’t make the mistake of assuming the sellers will counter your offer – in fact, never make any assumptions. Make your best (and highest) offer initially.
  • When you find “the home,” take action immediately by having your agent write up an offer and get it to the seller’s agent at once; also attach a mortgage pre-approval letter to make your offer even more attractive.
  • Know that there may be a time when you will have to drop everything in an instant to go look at a home should your agent find one that suits your criteria. When homes are in demand and inventories low, there’s no time to waste!

For the best possible chance of owning the home you have your eyes (and heart) set on, keep these tips in mind! At Team Nelson, we’re the Dallas real estate agents who will do everything possible to make sure the “odds” are in your favor when it comes to buying a beautiful Flower Mound, Frisco, or Denton home.

What People Are Saying

  • Always professional and a wonderful to work with!

    Debbie Folkerts Avatar
    Debbie Folkerts
    12/11/2018

    We just purchased our first home with the help of Team Nelson and I can't say enough good things about them! When we wanted to take a few months to look and understand the market, they were happy to go at our slower pace, and when we needed to move quickly to secure the contract they were right on it.The best part about Bill Nelson's group is that they work so well as a team: Bill gave us great advice about shopping the market for a fixer upper; Casey steered us towards houses and areas of DFW that would handle the level of investment we wanted to make; and Kelly was fantastic at handling the back-and-forth with the seller and ensuring the lender got everything to the table on closing day.

    Claire M. Tranter Yost Avatar
    Claire M. Tranter Yost
    12/11/2016

    Tara was awesome to work with. I would highly recommend her to anyone.

    She was always quick to respond and help in any way.

    If you need to buy or sell a home in the Dallas area you should give her a call

    dpearson13 Avatar
    dpearson13
    8/17/2018
  • Bill Nelson and his team were great to work with! I used them once before on the sale and purchase of a home 8 years ago and everything went as anticipated. When we recently decided to purchase another home, we took the time to speak with a number of different agents and finally settled on going...

    mponce101 Avatar
    mponce101
    7/23/2018

    Every single person we dealt with from Your Home Free was fantastic. They were with us every step of the way. I would recommend them over anyone else. They are the perfect example of how a company should be run. Juat fantastic.

    Jonathan Goss Avatar
    Jonathan Goss
    3/11/2019

    Bill and his team are amazing! We’ve purchased 1 home and sold 2 houses through them directly. They were very hands on/helpful throughout the entire process. Great customer service and wonderful team. A+++ would recommend to anyone

    jmordan06 Avatar
    jmordan06
    6/13/2020
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