I'm assuming that you are a buyer who is already working with a realtor and the realtor created the contract for you. She/he should give you the CMA (comparables) on homes sold and show you how the market is in that particular subdivision prior to you making an offer. You should definitely consult with her.
Susie Kay, RealtorÂ®
GRI, CHMS, SFR
United Real Estate
III Lincoln Centre, 5430 LBJ Freeway #280
Dallas, TX 78240
Servicing your real estate need is my priority!... more
The market is relatively healthy as long as a home is priced properly and prepared properly (staging). We sell houses year round, so although the market is busier in the summer, we can still houses year round.
"Best Realtor in Dallas," D Magazine (2006,2008,2009,2010 & 2011)
As in any developing community, resales in Frisco Lakes are in direct competition with the new homes being marketed by Pulte Homes. A buyer considering buying in Frisco Lakes will compare the pros and cons of buying pre-owned vs new. Therefore, it is very difficult at this time to sell at a price near the original purchase price of the home and to expect to recover the original investment and equity in the property.... more
72-102 is the answer but, I want to caution you that it isn't the best answer that can be had. While it gives you a range to consider it doesn't really give you anything usable and here's why. When we do CMA's the guidelines say we should use data that is within the past 6 months and I did but, the 6 months that we are talking about are including those that fall in the darker colder winter months where the real estate business is strange and the market values are too. To give you a better answer I would need more information and have to offer you a scientific CMA or what we call a SMA. I can help you with that if you are not working with another REALTOR. (We can't interfere with existing relationships) Please give me a call or send and e-mail for better answers. Doris... more
I would advise to you that now could probably be the best time EVER to be buying. I do not think it matters what market you are buying in, there are opportunities everywhere you just need to contact a local, trusted real estate agent who can tell you where the 'Best Buys' are. He or she will know exactly what to look for and where and where the hottest deals and most motivated sellers are.
Interest rates are at an all time low, in most markets there is more inventory than there are buyers making it an extreme buyers market. Not only do you have lots of choices, but you have a lot of negotiating power as well.
My husband and I are a team and we just attended the CRS-Certified Residential Specialist Convention in Oahu, Hawaii with over 900+ agents in attendance from all over the nation and Spain. Although all of our local markets are different, the underlying theme was we are all in a soft or declining market where Buyer opportunities are endless. Another topic of conversation was "Why wait?" who knows when the bottom of the market will hit and when it is back on the rise it will be too late. Wouldn't it be better to buy one day early than one day late? Yikes!
Best wishes with your buying experience and again...make sure to find a local trusted source to help you find the perfect property.... more