“Location, Location, Location.” We hear it all the time in the real estate world and many assume that location is the most important criteria to buyers when purchasing a new home. But what is it really that determines why one property sells more quickly than another?

Price. Having the right price was the most important factor in deciding on one home over another, according to 2/3 of the respondents of a recent poll conducted by the National Association of Realtors.

Sellers agreed on the importance of the right price. “Getting the price right” was and is one of the most frequently cited challenges for sellers who are not represented by a Realtor®.

Other factors that were included in the poll were – no surprise – location, but also condition of the property, staging, and upgrades.

If you are interested in learning about Dallas TX real estate prices and are thinking about selling your home, you may request your free house value report by clicking here.

If you are a home buyer and want to know more about home prices in any city or neighborhood, please feel free to call me at 972-562-0896. I am always happy to help!

I am sorry for the lack of posts in the past few weeks. The flu has been making its way around the family, on to friends and back once it had morphed enough. So, of course, I am sitting there yesterday feeling sorry for myself when I feel a sudden spark of joy!

“What”, you ask? I am holding in my hands an article from the Dallas Morning News business section and the first article I see is titled, “D-FW home prices undervalued?” Isn’t that what I’ve been saying? No, no, gotta have the doom and gloom! That’s what sells papers. I’m starting to wonder what came first? No, not the chicken or the egg, but something similar. Yes there is a recession in some places across the US that also experienced huge price increases. Did all of the negative media cause our local economy to slow and stall? We certainly haven’t seen the problems anyone else has seen but still home buyers are overly cautious. I know local home builders have been sucking wind but then again, it’s about time they priced their homes accurately to match the surrounding areas. It was a needed set back in my analytical mind.

So, back to the story… the subtitle was “Texas markets resisting deep nationwide drops in value, study says”. The article goes on to say that Dallas Fort Worth has one of the most undervalued housing markets in the country. The Texas markets are showing resilience in the face of nationwide home value drops. This report was released by Global Insight.

Dallas homes are 30 percent undervalued making it the second most undervalued in the US. Fort Worth homes are 25 percent undervalued making it the seventh most undervalued in the US.

Here’s a great tip for potential home buyers… NOW IS THE TIME TO BUY! Interest rates are low, home prices are at their lowest and home sellers are eager to sell. If that wasn’t enough, if you buy a home with a Texas Home Central Realtor, we will rebate you $1200. No gimmicks or strings attached. Search for your new home now.

If you are looking to buy or sell a home anywhere in the Dallas Fort Worth Metroplex to include Plano Real Estate please call us at 800-326-9011 or email us by clicking here.