July YTD Stats for Dallas Real Estate

The statistics have been updated from NTREIS and by clicking on each city you can see where the Dallas real estate market stands at the end of July: Allen, North Dallas, Dallas-White Rock Lake Area, Garland, Lavon-Nevada, McKinney, Northeast Dallas, Plano, Frisco, Richardson, Rockwall, Rowlett-Sachse and Wylie.

Our team will be attending Mega Agent next week to learn more about the shifting market, and how we can better service our clients during this time. If you have any questions about real estate, please use our website as your real estate resource.

Now is the Time to Buy a Second Home

Whether you live in the Dallas real estate market or Detroit, now is a great time to buy a second home. See this article to see how foreclosed homes are selling as low as $1. If you have considered buying an investment property, vacation home or a lake home for weekend getaways, give us a call to get a free list of homes that would meet your ideal second home purchase. Visit our website for up to the minute listings in your area of interest, the latest foreclosures that are available and articles about real estate in general.

$7500 Tax Credit for Buyers

This just in . . . click here to see if you qualify for the $7500 tax credit for purchasing a home. This is great news for the Dallas real estate market. This will help Buyers understand that not only will they get a great deal on a home right now, they may be able to get a large return on their investment. If you are considering purchasing a home, please give us a call to learn more about what our team has to offer you as a Buyer in Dallas and surrounding areas. We service Dallas, Collin and Rockwall counties. As an extra incentive for using our team to buy, you will get a cruise for two to the Bahamas if you close on a home with our team (special restrictions apply).

Dallas Real Estate Update

The Dallas home buyer market consists mainly of foreclosures, homes with structural problems, older homes that haven't been updated and homes that are overpriced to market value. There is a very small amount of inventory that includes foreclosures in good condition, newer homes in excellent condition, updated homes and homes that are priced at or below market. The current buyer market consists of buyers that are relocating to the area, have recently sold their homes and first time home buyers, while the small percentage of home buyers are investors looking for rental property, investors flipping homes and cash buyers willing to update. With that in mind, our team of experts has created a knowledge of the area and types of buyers to find the best homes to suit their individual needs while creating top notch marketing plans for those who want to sell and earn a higher return on their investment in the Dallas real estate market.

July Proven to be a Great Time to Sell

As we closed out the end of July with less volume than May, which has been the best month of the year for our team, the market showed signs of stability. We sold seven of our listings that are scheduled to close in August and first of September, and it seems that the Dallas real estate market is getting better every day. Our agents are staying busy with showings and new Buyers looking to make a purchase in the next 30 - 90 days. If you are in the market to buy or sell a home, call the team that gets results, Team Downs. We would love to show you what we have to offer.