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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

  • Worked for us well. They did good marketing, excellent virtual tour,and staging ideas. My house was in very good condition ,I had done extensive renovations,so that helps too.but the provider were responsive ,helpful in making decisions .Very good negotiating skills.
    Overall we are very...

    shaireentx Avatar
    shaireentx
    6/14/2016

    The folks at Team Nelson did a Fantastic job! We had some unique circumstances with the purchase of our new home and the team was patient, professional, and most of all kept us up to date on all developments along the way. It was a pleasure to work with them. It is rare to find a company as...

    marty510 Avatar
    marty510
    11/12/2015

    Bill and his entire team were awesome! Total pros and always will to point me in the right direction through a stresful time! Highly recommend Your Home Free!!

    mperlin3 Avatar
    mperlin3
    11/18/2015
  • We were very particular since this was our first house. Within hours of being notified, Kevin would set up visits. When we couldn't agree to terms, Kevin always offered a solution, but also knew when to walk away. We were very please with Kevin's abilities and we'll use him again on the next one.

    zuser20160302085514354 Avatar
    zuser20160302085514354
    2/26/2020

    We had recently moved to Texas and when we decided to build, we were introduced to Kevin. Having Kevin (and team) walk us through local and state nuances was invaluable. The direction and guidance throughout the process was nothing less than stellar. Being in the mortgage/real estate business for...

    ally m stewart Avatar
    ally m stewart
    5/15/2018

    We loved everything about working with The Nelson team. Everyone is friendly and genuinely cares about their clients. They sold our home and found us our new one. We recommend them to everyone and we will definitely use them again in the future if we decide to move again.

    Kristi DeCarlo Avatar
    Kristi DeCarlo
    12/11/2018
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