The housing market in the DFW area is CRAZY!!!!
Buyers are bidding against each other, but if you walk in with a cash offer or financing thru a conventional loan, you have the upper hand.
Offers are being made for $5,000 -$10,000 above asking price.
It’s not uncommon for a house to go on the market and have a contract for purchase the same day.
Realtors don’t like buyers to use big banks. They want buyers to go with a local lender.
It’s enough to make a buyer’s head spin or at least this buyer’s head is spinning. At the same time, I’ve learned a lot.
With that said, we have put an offer in on a house and are now negotiating with the seller. Hopefully we’ll have a deal hammered out before the end of the day. Although we’ve been trying to hammer out this deal since Tuesday, so who knows.
Only time will tell.