For sellers who have been waiting for a strong market so they can list their home, now is the time. Interest rates continue to be historically low, inventory levels are low and buyers who have put off making a move are out in the marketplace looking for properties.
Expert agents are seeing three main groups of people looking to make a home purchase.
Relocators—Whether they’re coming for job opportunities, corporate relocations or take advantage of the reasonable cost of living, people are arriving in North Texas at record pace—more than 1,000 a day, say some experts. And many of these newcomers are eager to get in the homeownership game in this rising economy.
Upsizers—Buyers who have been waiting and saving are ready to make a move to larger properties in neighborhoods with great schools, plenty of green space and easy access to major commuter arteries.
Downsizers—No longer to people live in their family home for their entire life. For many in the post parenting years, the right home for this new season of life includes single-level or high-rise living, convenient access to familiar places.
“The buyers are out there,” said Robbie Briggs, President and CEO of Briggs Freeman Sotheby’s International Realty. “We have had several agents share with us in sales meetings about buyers they are working with who have hesitated possibly just over the weekend only to find that the property they wanted on Friday is under contract by Monday. Buyers are not hesitating to put offers on homes.”
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For more luxury homes throughout the Metroplex, see briggsfreeman.com. Click here to see the latest in real estate news. President and CEO Robbie Briggs independently owns and operates Briggs Freeman Sotheby’s International Realty with seven offices in Dallas, Fort Worth, Uptown, Lakewood, Ranch and Land, The Ballpark and Southlake.