The Bankhead Team

Fatburger wants to honor our Veterans this holiday! Please stop by either location and have a "free' burger on us! We thank you for your service!

Another happy client, Mr. Lloyd Nevers, just completed the purchase of his dream home!
Congratulations, Lloyd!

“I’d love to sell your house for you but based on what you’ve told me about what you’re intending to accomplish, now may not the best time.” They were shocked. I told them I’d love to sell their house this week for them but that wouldn’t be in their best interest. 🤔

Listen, I love selling houses and more than that, I love helping people in and out of life chapters successfully. This is why I have a consultation with my clients to understand their big picture, goals and what makes the most sense for them. 📄

In this case, due to their home’s location, price point and target buyer demographic in the resale market, it makes sense for them to wait so they don’t have to move twice. The sky is not falling. The market is still great. We may not continue to see the same month-over-month gains as we would have last year but the market is stable. 📈

Last month, there was a 43% increase in listings to the market in Tarrant alone. This month, we are up 41% again month-over-month of new listings in Tarrant again. 😱 That means buyers have more choices and some homes will see longer days on market. Some sellers will have to do some prep work & cleaning 🧽 that they wouldn’t have had to do last year.

The market is strong. Strategy matters. Knowledge matters. Hire smart. Hire me. 🤗

When applying for a Home Mortgage or Refy!

Helping another family's dreams come true as they close on their new dream home! Congratulations to the Benze family! Thank you for the opportunity to work with you!

For Sellers, Housing Market Updates, Move-Up Buyers, Selling Myths
What Does Being in a Sellers’ Market Mean?

Whether or not you’ve been following the real estate industry lately, there’s a good chance you’ve heard we’re in a serious sellers’ market. But what does that really mean? And why are conditions today so good for people who want to list their house?

It starts with the number of houses available for sale. The latest Existing Home Sales Report from the National Association of Realtors (NAR) shows housing supply is still astonishingly low. Today, we have a 2.6-month supply of homes at the current sales pace. Historically, a 6-month supply is necessary for a ‘normal’ or ‘neutral’ market in which there are enough homes available for active buyers (see graph below):
What Does Being in a Sellers’ Market Mean? | Keeping Current Matters
When the supply of houses for sale is as low as it is right now, it’s much harder for buyers to find homes to purchase. That creates increased competition among purchasers which leads to more bidding wars. And if buyers know they may be entering a bidding war, they’re going to do their best to submit a very attractive offer. As this happens, home prices rise, and sellers are in the best position to negotiate deals that meet their ideal terms.

Right now, there are many buyers who are ready, willing, and able to purchase a home. Low mortgage rates and the ongoing rise in remote work have prompted buyers to think differently about where they live – and they’re taking action. If you put your house on the market while supply is still low, it will likely get a lot of attention from competitive buyers.

Bottom Line
Today’s ultimate sellers’ market holds great opportunities for homeowners ready to make a move. Listing your house now will maximize your exposure to serious buyers who will actively compete against each other to purchase it. Connect with a local real estate professional to jumpstart the selling process.

Happy New Home Buyers...Congratulations!

Late or missed payments should be avoided at all costs when applying for a .

Why Did My Home Loan Get Denied? The question,

May the spirit of patriotism abide with you this day.