Home buyers – home is where the crowd is

Home buyers – home is where the crowd is

Steve Brown of the Dallas Morning News describes home buyers experiences in home buying in Plano and Frisco and what it takes to get a deal done. It’s another musical chairs story with the thousands of newcomers to Dallas and Fort Worth. Click – Home is where the crowd is.  With this low inventory sometimes offering $10,000 over asking price is not enough. Worse for us locals, Californians find our prices low and bring a lot of cash from selling their high dollar California home. Bottom line: If you want a house make your best offer and bring a solid story, strong financing, or cash to go with it. What is not mentioned is most sellers worry as much about getting the deal closed as about getting the most they can. Some agents tell their clients to bid high and let the appraiser bring it down for them. It doesn’t always make sense to take the top offer in those bidding wars.