We’ve grown accustomed to crazy real estate situations. For two years, I felt like I was mumbling about business in my sleep. As the sun rose, people were lined up outside the door. When you can’t leave the house, let alone go on vacation, real estate is the only thing you can do. You can buy, sell, trade up or downsize. That’s what everyone seemingly did. Thankfully, the pandemic has subsided and the market is almost back to normal.
but things Have That’s why it’s more important than ever to work with an experienced agent. We turned to Ryan Streiff and the Perry-Miller Streiff Group for answers. They ensured that the real estate sky wasn’t falling.
Ryan, what pushed our market to dizzying heights? Was it just the pandemic?
Ryan Stryfe: It was a perfect storm.The sheer number of people who moved to Dallas during the pandemic has taken the marketplace to places we’ve never experienced it before. there was no one now There was a risk of losing money based on demand by narrowing down the buyers because they want to enjoy it now. Dallas has been undervalued for quite some time, and these influences have caused home prices in the city to rise at record rates.
Are parties still being held somewhere in town?
RS: Park Cities is the last place to slow down, but the first to recover. It’s a blue-chip company in a prime neighborhood and a real estate pioneer. The impact felt at the macro level is coming, but is still a case of multiple offers due to inventory shortages and pent-up demand.
Should I worry about this returning to normal?
RS: No. Whenever value builds this fast, small fixes are needed.
What do buyers need to know now?
Courtney Jubinski: The current market remains challenging for buyers. Inventories increased slightly over the summer, but have not yet caught up with demand. Although the frenzy has died down, we are seeing multiple offers for ready-to-move homes at competitive prices in popular neighborhoods. It’s important to have an agent with deep ties to your desired region or community, with knowledge of sales and out-of-market sales.
Jamie Coleman: The house is still moving rapidly. Therefore, the buyer should be prepared. Pre-approval is essential even if you are not competing. Go with lenders who say they can close you in 20 days. Order your tax records and be prepared for short-term financing.
What do sellers need to know now?
Laura Michelle: With the overall housing market understocked, now is a good time to sell your home. There is still a brisk influx of local and out-of-state buyers. A further spike in interest rates could drive some potential buyers out of the market.
Karen Fry: Sellers should know that the best comp for their property may be in the current title instead of the comp sold and take all indications, feedback and offers seriously. Communication and collaboration are key, as markets are changing and conversations today are even more different than his June conversations. Since the buyer is not in multiple offer situations, the offer terms are also different.
How is your presentation?
Laura Michelle: Sellers should absolutely consider updating and staging. What has been overlooked in the frenzy of the past two years is now important. Staging is essential if you have an unusual floor plan or need to show how the home lives. Good properties still sell quickly. Yolanda, for example, was the best house in its class when it hit the market. It’s a large house and staging has allowed buyers to see it as a home. George Bass Stage & Design has knocked it out of the park. Or more than 30% of homes sold occurred off-market due to network depth.
How do buyers and sellers keep up with all this ever-changing information?
Charles Gregory: Choose an experienced realtor/team. The Perry-Miller Streiff Group has a unique business model that gives our customers an edge in this challenging market.
What’s the difference in your approach?
RS: We believe that success requires teamwork. We meet every week and look after each other. We have 9 of the most experienced and highly trained agents who are able to answer questions on the fly and are not afraid to tell their clients the truth. You need an advisor with a backbone who can tell you what you need to do to get a home.
Are Realtor Networking Groups Essential for Clients?
RS: Advertise your listing to top agents at top brokerages. Less information to make decisions within a single silo. Our team’s agents make up just about every important networking group, and I’m one of his 30 founding members of his REALM. REALM’s idea was to build a network of the best global agents, regardless of brand. Talk about trends, track key markets and showcase your business.
What does Perry-Miller Streiff Group consider essential to real estate today?
Jason Bates: In this changing market, buyers and sellers need more than ever the advice of experienced agents who have survived market volatility. Sellers must sell their property properly. Ask your agent to present a marketing plan, including media placement. We move forward when other agencies withdraw their ads as the market tightens.
What is the outlook for the current real estate market?
Lance Hancock: We are returning to a more normal market cycle as the inventory of available homes increases and price appreciation slows or levels off. And this is a huge win for buyers who have been waiting to find the right home.
Wise words from a unique group of great and experienced professionals!
perry miller strife group A truly unique group of real estate professionals. Call Dave Perry-Miller, Ryan Streiff, Laura Michelle, Karen Fry, Jamie Kohlmann, Jason Bates, Courtney Jubinsky, Lance Hancock, or Charles Gregory to find answers to all your questions..