Why Buying a New Home in Dallas TX Makes Sense in a Seller’s Market

agent_shaking_handsIf you want to sell your current home in order to buy a new home in Dallas TX, you have picked an opportune time. There is a shortage of houses for sale in many neighborhoods, which has created a seller’s market. As a result, homeowners can entertain multiple bids for their property from interested buyers, so they are assured of getting their asking price, if not more.

The Real Estate Center says the number of homes on the market in the Dallas-Fort Worth area is at its lowest level in more than 20 years. The pace of home sales in north Texas has quickened too. It took only 65 days to sell a house in March, about a quarter less time than it took a year ago.

Real estate agents had expected home listings to increase because of the stronger market, low interest rates and rising prices.  One reason many homeowners appear reluctant to put their homes up for sale is because they refinanced at near record low mortgage rates. As a result, their costs of owning their current house have fallen.

New home construction is on the rise, though, giving prospective buyers additional housing options from which to choose. Buying a new home has some financial advantages over a pre-owned home. Home builders frequently offer incentives to buy, and mortgage rates are still at record lows, so financing a new home in Dallas TX is affordable. Plus, new homes feature improved energy efficiency standards, so you’ll likely save more money on utility bills than you would with a pre-owned home.

That’s certainly the case with the houses built by Landon Homes. The premier Dallas homebuilder understands the importance of saving energy costs and being good stewards of the environment. That’s why it incorporates energy efficient building methods such as 2×6 exterior wall construction, Dow styrofoam sheathing behind brick and siding, and high rated ceiling and wall insulation in every Landon home. Visit our website to see why so many people choose to buy a new home in Dallas TX from Landon Homes.

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