SELLERS ARE DESPERATE
Most sellers in our market are not desperate. Some sellers in this market would just like to move up or downsize and they don't really have to sell and aren't willing to take less than what they feel their home is really worth to do it. The economy and the real estate market in the DFW area is much stronger than what we see and hear in national news stories about some other parts of the country. We need to know "why" sellers are selling before any determination can be made about how badly they need to sell. A transfer, job loss, or divorce is one thing. I want a bigger or smaller house is another.
THE LONGER THE HOUSE IS ON THE MARKET, THE MORE THE SELLER WILL NEGOTIATE
This would only be true if the seller is actually desperate to sell. Many sellers are just holding strong to their price and won't negotiate much. It is impossible to know how many offers a seller may have refused.
YOU MUST HAVE A 20% DOWN PAYMENT TO BUY A HOME TODAY
No way! A 3.5% to 5% down payment for buyers on other homes that may have some troubled credit. Plus a 3% down payment for buyers with pretty strong credit (620 score). And last but not least 100% financing for homes in some of the outlying suburbs.
YOU MUST HAVE EXCELLENT CREDIT TO GET A HOME LOAN
Not true. We work with all types of credit. Yes, it is easier if you have great credit. If your credit isn't at a point where we can get you approved right now we'll advise you on what to do to get it that way as quickly as possible. We can refer you to someone, if necessary, who repairs credit for a reasonable fee. If you prefer to do it yourself, we can give you some tips in that regard. Please call on our knowledge and experience.
All old debts do not have to be paid to get you approved for an FHA or VA home loan. Without proper guidance, you might pay off something that does not need to be paid off for the approval process, thus using up valuable cash resources. Call us. We're here to help you.
YOU SHOULD BUY WHEN YOU KNOW THE PRICE HAS BOTTOMED
Once the experts have identified the bottom, prices will have already started to move up; that is how they'll know we reached it. We are also at historically low interest rates. If rates go up your monthly payment goes up. Now is the best time we have ever seen to buy a home in the Dallas/Ft Worth area.