Good question. There are a lot of factors that could change the right answer. So here is my best shot at helping.
1) Let's talk and let me get the specifics on the amount you will be gaining on it.
2) Let's run that by a tax pro - if you don't have one, I have a few I could refer.
3) Selling your home at this time in Grapevine may be a quick process. The market is hot in the right price range. You could find yourself in a bidding war between buyers which is really a good thing.
I hope this is helpful and when you decide to sell let's talk, my advice is always free.... more
The whole "highest and best offer" issue was a creation of the banking industry that appears to be spreading into the normal realm of real estate. Frankly, it turns me off and I sure this is shared by most buyers.
A good agent should be able to price the home "in step" with the current market, obtaining reasonable offers, and be able to avoid this nonsense.
Market prices will come down by waiting however your interest rates will go up in the process. Many experienced lenders are expecting rates to come close to doubling by the end of the year which will greatly effect our market. Sellers will have to reduce their asking price just to be competetive. However, many sellers might go cold because of rates climbing and attempt to wait it out. This is of coarse limit your options even more.
As far as our current market condition in many market centers in the dfw people are receiving 98% fo their list price and up if the property is priced right. In rare situations will a foreclosure actually damage the appraised value unless that is the only comp to go off of in the area. Note this is also Southlake, foreclosures aren't as abundant. If you're currently not being represented by an agent and or the current agent is not meeting your expectations contact me when you get this. My negotiating skills will certainly meet your expectations and help you
Keller Williams Realty
Real Estate Consultant
3xUS Army Veteran
Web: www.blissful-estates.com... more
Unless you are already indepenently wealthy, if there is a gas play at any stage of progression, and you own the minerals, smart financial thinking should tell you to retain them. Most people looking to buy a home do not have owning the minerals high on their priority list. There is an entire industry of those who research to find out what properties in a play area have conveyable minerals. These properties are purchased and resold with minerals retained. If a prospective buyer is determined to procure minerals with purchase, it should be highly considered and reflected in the sales price, you could be conveying a lottery ticket.
With current alternative energy source offerings as weak as they are, it's only a matter of the right political administration coming to power to turbo-charge a strong available energy industry which will, in turn, turbo- charge your financial standing.... more
As several others have already stated yes the foreclosures or short sales in your neighborhood are going to affect the pricing on your home...regardless of whether your house is not either a short sale or a foreclosure. What I have been counseling my clients as to is that they need to look at the whole big picture....the bottom line is that your house will not sell if it is over priced. BUT the next house you buy may meet what your currents needs are and actually most likely will end up being a better value than where you are now...so in other words....what you "lose" on the house you sell you will make up for in the house you buy.
Good Luck!!!... more