Real Estate Market – Should I Lower Market Price?

November 11 2008 by author in Cheap Dallas Real Estate |Comments Off

Reader’s Question:

I am trying to sell my house. It has been more than six months and it’s still in the market. Do I need to lower my price?

Amy

Dallas, TX

Amy, there is nothing to be really concerned about. There is nothing wrong with your house, the price of your house or with the real estate market of Dallas, TX. Unarguably, things are not the same as before but the real estate situation here in Dallas is doing much better than the other states. A house sitting for a few months in our real estate market is nothing to be alarmed about when you consider that the East and the West Coast are not doing so well. With their market, a one year waiting is not a very unusual. And we’re not talking about posh, high-priced homes here. We’re talking about reasonably priced properties. To compare, a lot of real estate properties (condo buildings) in Florida and Arizona are still unsold after sitting in the real estate market for a very long time. Real estate researchers say that Texas has several positive economic factors that support out real estate market such as affordability, reasonable cost of living and employment opportunities, among other things. It’s a given, the Dallas, TX real estate landscape is not as robust as before considering the events that have been and are happening but considering all these, we are still doing okay.

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