Are Coppell homes >$500,000 selling at, below or above list prices currently? Not sure what is a good/fair offer...

Asked by Kim, 75056 Thu Apr 29, 2010

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6
Lea Simpkins, Agent, Irving, TX
Tue May 18, 2010
Hi Kim,

In today's market, it is important now more then ever to have a buyer's agent on your side. A buyer's agent represents only your best interest in the transaction. Your buyer's agent will work to get you the lowest purchase price possible. He/She will show you a fair price to pay for the property of your choosing by providing you a current market analysis of the property. Many properties today have been on the market for a long time... Therefore, the sellers sometimes are basing their prices on data their realtor provided to them months ago. In these cases it is important to negotiate price and terms, and I give my clients factual evidence to give you a clear direction of what to offer.

A buyer's agent, represents you and not the seller. When you contact the listing agent you are contacting the SELLERS agent! There job is to get the seller the most money! The best part about using a Buyer's Agent is it cost you NOTHING... It is a FREE service for the buyer...real estate commisions are paid by the seller!

Bottom line: Using a buyer's agent will save you time and money!

I also live in Coppell, so please let me know if I can help! Have a GREAT day!

Best Regards,

Lea Simpkins, eCertified Pro, SFR, TAHS
REALTOR®
Ultima Real Estate
http://www.soldbylea.com
Cell: 214-524-3574
Home Office: 972-CALL-LEA
Fax: 214-377-5143

Exceptional Service is my Standard...

I appreciate your referrals!
0 votes
Bruce Lynn, Agent, Coppell, TX
Thu Apr 29, 2010
Kim,
We have a really nice deal on one home about $1,000,000. Prices are probably off a little over the past couple of years, but depends on the home, the neighborhood, the situation. We have often seen multiple offers on homes in Coppell, mainly because there is not a lot of inventory. We normally just have to look at each situation. Some people just want to move but don't have to move. Often they'll stay close to list price. If they're getting multiple offers they may want more than list. If they have to move...let's say for job....or due to finances...they may be more agressive and take significantly less than list. We also saw a really nice foreclosure find recently in Magnolia Park that was discounted.

To keep track of the latest finds in this price range, just follow the link below.
http://www.mlsfinder.com/tx_ntreis/robertbrucelynn?action=ne…


I live and work in Coppell, so if I can help you find the perfect home, please call me.

Bruce Lynn
Keller Williams Realty
Web Reference:  http://www.teamlynn.com
0 votes
Bruce Ericks…, Agent, Dallas, TX
Thu Apr 29, 2010
Kim,

I you are planning on make an offer this week .. who knows with all the crazyness of the $8000 tax credit. If you are planning on making an offer after the 1st then I agree with both of the first 2 agents answer.

Best of Luck! Bruce
0 votes
Kim Nwachukwu, Agent, Irving, TX
Thu Apr 29, 2010
Each neighborhood and each property is different. Unless the home needs significant repairs or is overpriced it should probably sell for about 97% of it's list price based on overall historical data. Of course, without running numbers it's anyone's guess about whether or not the asking price is significantly higher than what the market will support. In addition to that, the offer price is only one piece of the offer - many other terms can turn a deal for or against you. If you don't have an agent, and want hard, tried and true data on the property I'm happy to help. Kim With Ebby Irving/Coppell 214-695-3015
Web Reference:  http://www.kim.ebby.com
0 votes
Dallas Texas, Agent, Dallas, TN
Thu Apr 29, 2010
I own property in Coppell, great community.

No one can determine a fair market value unless they were on property review all the conditions.

Homes from $400K to $500K over past 6 months 17 homes have sold.
Total Number of homes sold in Coppell in past 6 months 213

Coppell has always maintained their property value WHILE other areas of Dallas have had some hits. Coppell homes do not stay on the market long due to fact many families are waiting purchase a home in the community.

Limited projects for new construction which have been the 1st for years.


Lynn911 Dallas Realtor & Consultant, Loan Officer, Credit Repair Advisor
The Michael Group - Dallas Business Journal Top Ranked Realtors
972-699-9111
Web Reference:  http://www.lynn911.com
0 votes
Mike Scott, , Dallas, TX
Thu Apr 29, 2010
Hi Kim
We need to run comps on the home you have an interest in to determine what price is the right price to offer. I can help you with that.
Michael Scott
214-507-2666
0 votes
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