North Texas land buyers: discover which counties offer the best price per acre on 5+ acre properties right now. Real 30-day MLS data reveals top value in Van Zandt, Hunt, and Fannin Counties, plus what sellers should know about current market pricing and days on market before listing.
Closed sales are down from this time last year, but prices and days on market vary significantly by city. See which areas are holding steady, where prices have softened, and what these changes could mean for Buyers and Sellers right now.
North Texas home prices aren’t falling. Median close price in Collin, Denton, Fannin, & Grayson Counties is exactly where it was a year ago. What’s changed is how sellers get there. Concessions to buyers have roughly doubled, both in how often they happen and how much they cost.
Here’s the truth: sellers don’t care about your down payment number. They care whether your lender is going to actually fund the loan without drama. A big down payment on paper means nothing if it doesn’t match what your lender approved in writing.
The real upside to putting more down isn’t impressing anyone. It’s avoiding PMI, lowering your monthly payment, and paying less interest over time. Put down what your lender says you need. Not what sounds impressive.
What IS an iBuyer? As defined by the company highlighted in this article: “…An iBuyer is a company that uses technology to make an offer on your home instantly…We’ll make you a competitive cash offer so you get a stress-free sale without listing.”
However, that is not usually the case, as one of the top iBuyers has ended that option (Zillow) and the next biggest has been fined a HUGE amount due to taking advantage of home sellers, and basically lying about it. Read more about the FTC ruling on Opendoor here:
We live in a world that has become so used to getting everything YESTERDAY that sometimes, the offer of having something NOW is much less valuable or beneficial to us in the longer term. And of course there’s the old excuse of real estate brokerages being too expensive to use.
The big benefit of using a traditional brokerage is that the head Broker has many years of training and alot of responsibility to properly represent the industry, based on county, state and national real estate practice rules and laws. These safeguards protect both Buyer and Seller in a real estate transaction, and include mediation when there is a conflict, along with fines and punishment for breaking the rules which hurt a member of the transaction. As the FTC has shown here, NO ONE is too big to be fined.
If it sounds or looks too good to be true, sadly a great majority of the time it IS, still. Truth and integrity do still exist, but you still need to do due diligence to make sure what you see is what you will get.
NOTE: Texas law requires ALL real estate licensees to give all consumers who initiate real estate transactions the following information about real estate services:
Now is the time to talk. Let's get a game plan together and assure that you're educated on the market. I want to be educated on your particular needs, as well. This will make all the difference in a successful transaction.
Let's chat over coffee or over the phone. CONTACT me your favorite way...
© Hilary Meader, Realtor
