Home Buying > Nice Houses Dont Stay Long - even in a Buyer's Market

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Home > Local Real Estate Markets > Nice Houses Don't Stay Long on the Market - Yes, even in a Buyer's Market

It's no doubt that we are in the Buyer's market here in Frisco TX. Homes in Frisco Texas, when the 2009 numbers were compared to its counterpart of 2008, the numbers are off 10-20% depending on the neighborhoods.

Frisco TX homes for sale Sellers are aware of the situation and look like they seem to get it right (pricing) this time around better than in 2008. The June 2009 Frisco TX housing report would tell you that correctly priced homes typically stay on the market 60 days or less.

If you are like any of my buyer clients, they like nice houses. No big dings in the walls. No smelly cat odor on the carpet and no fences falling over. On top of that, pricing is attractive when compared with the rest of the houses in the neighborhood. The community offers much amenities for active lifestyles. North Texas secured 6 spots on the Forbes List of Best Places in the country to move to. It is a high honor to receive so much recognition. The spots are No. 6 Flower Mound; No. 7 Frisco; No. 9 McKinney; No. 12 Carrollton; No. 19 Allen; and No. 25 Plano. Job relocation and affordable housing are the top reasons people move to the area.

The Federal $8,000 housing tax credit definitely motivated first time home buyers to act sooner rather than later. Most of the first time buyer - even with the $8,000 coming in after closing do not plan on spending this money on "fixing" the property. They imagine a house filled with nice furniture.

Nice homes typically go fast Hence, especially in the lower price range (less than $300,000), the homes in Frisco Texas are moving. Nice ones are contracted EVERY DAY.

Would you be surprised if I tell you that sometimes, agents fight multiple offers in some cases? Yes, even in the Buyer's market, believe it or not.

So, if you are motivated to look, set some time and put some serious efforts and attention right now. We have the most inventory on the market right now. Don't wait too long because if you couldn't decide, other buyers will. Then, it would only be a wasted effort for your agent and for yourself. More importantly, a major setback in housing your family.

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About Loreena & 3:16 team REALTY

Loreena Yeo - Realtor(R) in Frisco TX | Broker
M.Sc, B.Sc
Direct (214) 783-2210
Fax (214) 231-9018
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Loreena Yeo is the broker of record of
3:16 team REALTY to practice real estate in Frisco & surrounding cities (State of Texas). Texas Real Estate Broker License Number #0507884.

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Read about what our satisfied clients have to say:

When she arrived for our appointment, we went through the normal preliminary procedures and all was fine. Then she surprised us. She had already done most of the work and only needed to take a few pictures of the inside and determine the price that we would be comfortable asking. She also spent a great deal of time explaining to us how the whole sales process work and what we could expect.

Eric & Tomoko Quere, Plano TX

Ultimately, Loreena introduced us to the house we bought--it was not one we found from our own hours of searching web listings--based on the the comments we had made while we visited these different homes. This is a testimony to her ability to listen well and to work proactively on our behalf.

Jenn & Glen Miller, Denton TX

We were completely impressed with Loreena. She helped us find and buy a home in Frisco. We have very high expectations from a realtor and she surpassed them. Knows her market extremely well, not just the technical market pricing data, but the nuances of all the neighborhoods as well. One of the most responsive and professional persons I've met in my entire business career.

Ruth & Jerry Meek, Frisco TX

I just want to thank you again for your help in selling our house. In this tough economy and market, I really didn't expect to get an offer. But you counseled me so well in pricing the house to sell and yet not letting me accept an offer that was too low. I believe we got the best deal we could have. I was so pleased and surprised with what we walked away with.

Sally & Phillip Barnard, Frisco TX


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