Well... I'm excited that it is March 1st and we are getting busy.  We are seeing an increase in traffic.  I'm seeing homes in our market that are priced right and in great condition not lasting long.  You must be ready if you are a Buyer.  The good ones don't last long.  I STRONGLY advise the Buyers to realize we are not like other parts of the country that saw huge amounts of appreciation over the past several years when times were good.  Why is this important?  Most people here aren't getting rich when they sell and often are just covering their costs if they aren't losing money.  Homes here sell for what is currently FAIR MARKET VALUE.  Did you know most of our area (Northeast Tarrant County) the homes sell 96 - 98% of list price.  I have seen offers in…

I can honestly say I'm no actor.  This is our commercial for the Official Dragon Post Game Show.  GO DRAGONS!

 Tommy Pennington Realty Group Commercial

Realtors in Southlake, Grapevine, Westlake, Colleyville, and other surrounding areas know what the Buyers are wanting when they come into these markets.  Right now the Sellers need to know on average our homes are on the market 30% longer and if you want to sell you must have an updated home.  Most of us use a company called Centralized Showing Service.  This tool gives us the feedback we need often in order to sell homes.  There will always be the items that none of us can change like the floor plan or the fact the home backs to the busy road.  What you must do in this market is to update to what the Buyers expect.  See this long detailed CSS Report where I have taken out the address to protect the Seller.  Unfortunately the poor Sellers are stuck with…

Every month in order to keep our Sellers in Northeast Tarrant County up to speed with our market we send them data that I feel is more valuable than what most people provide.  Anyone can come up with an average days on market, but when you have a huge range of prices I think you need to get more in tune with the truth.  Take a look at this link to Northeast Tarrant County Real Estate Market update. 

The last 3 weekends have been painfully slow.  The homes north of the 700,000 price point seem to be even slower.  I'm still thinking we will have people come into town after schools starts.  There appears to be a group of relocation Buyers that are currently here in the marketplace living in temorary housing.  I'm hoping that once their homes sell in other out of state markets, we will see an increase in demand.  Stay tuned for the outcome.