It's necessary for homeowners to keep up with the local real estate market. The housing market experiences new trends and shifts every month, which can have an impact on the value of your house as well as the sector as a whole. We'll be looking more closely at the monthly local market report and how it might help you.

Whether you're looking to purchase or sell a house in Dallas, TX, or in other cities, the local market report is a valuable resource. It offers useful information about the current health of the housing market, such as the number of homes for sale in Dallas TX, the median property price, and the average days on the market. You can keep up with these developments by remaining informed.

For instance, if the local market report shows that there are many houses for sale in Dallas TX, this may indicate increased seller competition, which could lead to reduced property prices. This may be a fantastic chance for a buyer to get a house for less money. Consequently, fewer houses for sale in Dallas, TX may result in higher home prices, making now a fantastic time to sell your house.

Understanding the prospective value of your home is another advantage of the local market report. Comparing your home's attributes to those of comparable houses in the neighborhood, such as the number of bedrooms, bathrooms, and square footage to other homes in the area, you can get a better idea of what your home is worth. 

If you're considering refinancing your house, taking out a home equity loan, or simply want to know how much your property is worth, this information may be beneficial. (Click here to get a FREE Instant home valuation.)

In conclusion, it is crucial for any homeowner to stay current with the local market report for the month. You can make better choices when buying or selling a property if you are aware of the current situation of the housing market which includes the number of houses for sale in Dallas, TX, or any other cities, the median home price, and the typical days on the market. Check out the most recent local market report to take advantage of this important information.

Local Market Report for August 2023 - TEXAS

Source/Information Credit: ListReports

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Spring has arrived, and that means more and more people are getting their homes ready to sell. But with recent shifts in real estate, this year’s spring housing market will be different from the frenzy of the past several years. To sell your house quickly, without hassles, and for the most money, be sure to follow these four simple tips:

1. Make Sure You Give Buyers Access

One of the biggest mistakes you can make as a seller is limiting the days and times when buyers have access to view your home. In any market, if you want to maximize the sale of your house, you can’t limit potential buyers’ access to view it. If it’s not accessible, it could cost you by sitting on the market longer and ultimately selling for a lower price.

2. Make Your Home Look as Good as Possible on the Inside

For anything to sell, especially your home, it must look inviting. Your real estate agent can give you expert advice on ideal staging for your home. Even updating a room with fresh paint, steam cleaning carpets, or removing clutter from the garage can make a big impact.

3. First Impressions Matter

The old saying “you never get a second chance to make a first impression” matters for you to get your "sell my house fast" goal to come true. Often, the first impression a buyer gets is what they see as they walk up to the front door. Putting in the work in on the exterior of your home is just as important as what you stage inside. Freshen up your landscaping to improve your home’s curb appeal so you can make an impact on potential buyers.

4. Price It Right

This is probably the most important aspect of achieving your "sell my house fast" in today’s real estate market. If a house is priced competitively, it’s going to sell. Period. To do this, you have to know what’s happening with home prices in your area and understand the factors that are affecting the market right now. That’s why it’s best to work with a trusted real estate professional who can ensure you list your house at the right price.

Bottom Line

Everyone selling their home wants three things: to sell it for the most money they can, to do it in a certain amount of time, and to do all of that with the fewest hassles. To accomplish these goals, let’s connect so you can understand the steps you need to take to sell your home this spring. 

For inquiries or assistance: SoarWithEXIT@gmail.com

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Get a FREE Selling E-Guide Spring 2023 Edition

Source: KCM

Tags: sell my house fast

You may have seen reports in the news recently saying it’s better to rent right now than it is to own your home. But before you let that impact your decisions, you should understand what these claims are based on.

A lot of the time, these reports are assuming things that aren’t realistic for the average household. For example, the methodology behind one of those reports says that renting is the smarter financial option because of the opportunity to invest money elsewhere. It assumes renters take the money they’d spend on costs tied to buying a home and put it in an investment portfolio. But here’s the thing – most people who rent aren’t making those investments. 

The reason homeownership is one of the best investments you can make is the wealth it helps you build. That’s why there’s a significant difference between the net worth of the average homeowner and the average renter. 

According to Federal Reserve, a homeowner's net worth is more than 40x greater than a renter's net worth. Meaning, If the homeowner's net worth is $255,000, the renter's is only $6,300.

So, before you renew your rental agreement, think about the opportunity to build wealth that homeownership provides.

If you’re unsure whether to continue renting or to buy a home, let’s connect to help you make the best decision.

Source: KCM

Tags: Homeownership, Buy vs Rent, Homeownership