The New Year is all about making changes that will make your life better and, whether your goals are big or small, it’s important to have a plan in place from January to help you achieve them! If 2020 is the year you want to buy a home or sell your home, then listen up – our cash for houses Dallas team is sharing their best real estate advice for the year.
Understanding Dallas Real Estate Trends in 2020
Finding the right home – and the right investment – is all about understanding the market, and that means looking at real estate industry trends for the year ahead. Here are some important general points to consider:
- It’s a buyers’ market, but home prices are on the rise: Homes are still increasing in value across the USA, although at a slow pace. In 2019, home prices grew at 3.3% (1.7% slower than in 2018) and are predicted to only grow around 2.8% this year. For sellers, it means there’s a lot of competition in most areas, which makes it likely your home will take a longer time to sell and you’ll receive fewer offers, but that your selling price should still make a reasonable profit if you’ve had your home a while. For buyers, this means it’s a great time to get good value for your money and really explore different cities and areas to find the perfect investment.
- Mortgage interest rates are dropping: This continues a trend from 2019, where mortgage rates steadily dropped below 4%. It’s predicted that they will hover around 3.7% for 30-year options and 3.2% for 15-year options. For sellers, this means more people will be tempted to buy a home, which may lead to more offers on your property. For buyers, this is great news because it means that you can get more house for your budget.
Know Your Options for Buying or Selling Real Estate in Dallas
There’s more than one way to buy or sell a house! Knowing your options can help you discover more properties to look at if you’re buying and even save you a significant amount of money if you’re selling.
Traditional estate agents or Realtors are just one resource for property transactions and the traditional process has its own pros and cons. For example, they charge commission on their sales, which has to be worked into the final sale price of the property – so there’s less profit for sellers and more expense for buyers.
Secondly, the process can be fairly lengthy, involving home repairs and upgrades, months of open houses, negotiations and more. This is taxing on sellers due to the inconvenience, expense and wait (after all, you could be waiting to move into your next property, a new job or even a new country), and not ideal for buyers either, who often feel pressured to buy and stressed by the negotiation process.
A good alternative for sellers and buyers is to utilize a trusted local cash for houses company in Dallas. It’s a totally different way of selling and buying real estate!
- Benefits of cash for houses for sellers: When you sell your home through our cash for houses Dallas company, you get a fair, market-related offer that you can accept and receive the payment for in just 24 hours. No waiting for the perfect buyer, no need to do repairs or upgrades, no real estate commission, and no open house days.
- Benefits of cash for houses for buyers: When you buy a house from us, you know exactly who you are dealing with – everything is upfront, honest and professional, and house prices are market-based. You’re buying directly from a business and not a homeowner through a real-estate agent, so there are no additional fees, complex negotiations or emotions getting in the way. We also buy homes as is, which means our catalogue is a fantastic resource for buyers looking for properties that are affordable and can be upgraded to your personal tastes, which is great if you love a fixer-upper!
Buy a Home or Sell Your Home Quickly this New Year with Our Cash for Houses Dallas Team
Whether you are looking to sell your home in 2020 or make this New Year the one where you get your foot on the property ladder, our cash for houses Dallas team can help you make it happen. With fast, professional and ethical services, our real estate team is ready to help you achieve your dream!
Contact us if you’d like more information on our services, or if you’d like to buy a property or sell your home today.