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"Timing the Real Estate Market: Navigating the Decision to Buy or Sell"

Welcome to the Bella Blog on Real Estate!

Greetings Bella Beauties! My name is Dalphne Davis, and I am a author and broker of Bella Haus Realty. I am excited to share my knowledge and expertise with you on all things real estate. Whether you are a first-time homebuyer or a seasoned investor. I am here to guide you through the buying and selling process. Stay tuned for valuable insights and tips on the latest trends in the real estate market.

You've heard the old adage "You snooze You Lose."

The market has changed drastically for the Dallas-Ft. Worth Real Estate Market; prices have risen to and all time high, so has mortgage rates. Home inventory hit an all-time low in 2023, but experts expect that it will start to rebound in 2024. According to experts, inflation and mortgage rates must continue to drop before inventory makes a decent recovery.

What's Driving Up The Cost in Texas?

Over the past year, the population of Texas has grown by almost half a million people. The thriving economy and continuous expansion of neighborhoods have caused substantial growth in our major cities, such as, Dallas, Houston, Austin, and San Antonio. This influx of people has resulted in a surge in demand for housing, which has driven up the housing cost.

Due to the growing economy, investors and giant corporations are buying up land and property; driving up both rents and home prices. This speculation may not always be the case, because when mortgage rates are low and jobs are available prices may go up too.

Consumers blame a lot of the rising cost on investors, but they only purchased about 18% of the homes in the last part of 2024. That percentage is continuing to drop, because of high rates and housing cost. Their goal is to get the best ROI. So if you're in the market to buy or sell, focus on you and not them.

Timing The Real Estate Market

So you question, Is Now The Right Time to Buy or Sell?

Let me, ask you this question. Are You Ready to Buy or Sell Your Property?

My Dad always says to me, "Timing is never right." He's absolutely right. Sometimes we just have to be like Nike, and "Just Do It." First you must count up the cost, making sure you're ready for the next move.

Buyers should get Pre-Qualified, knowing where your finances and credit stands is a plus. Next, contact a real estate agent to assess your housing needs, and communicate your expectations. Trust and allow your agent to be your guide!

Sellers, if you want to sell, prepare to let go emotionally. Being tied to the home makes it harder to fulfill your ultimate purpose. Weigh your options and insure your credit and finances are ready for the next move. Find an agent, set an interview, discuss your wants an needs, create a plan, communicate your expectations, then prepare to sell. Trust and allow your agent to be your guide!

I hope you enjoyed my tidbit of information. Buyers I urge you to Buy Now or Cry Later! Sellers your Equity Awaits You!

Bella Haus Realty is here to help you make an informed decision. Check out our book store for your very own real estate guide. Please leave a comment or ask a question, stay tuned for more valuable insights and tips on the latest trends in the real estate market.

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