We buy houses in Parker, Texas where people ask, “Is it still a buyer’s market today in Parker?” As experts in the TX real estate market and home buyers in Texas, we get asked this question a lot.
The answer isn’t as simple as yes or no.
The State Of The Market for Buyers in Parker TX
First off, it really depends on the property type and location. Single-family homes in great locations that are priced well have been flying off the shelves. There’s a lot of demand in the market for most areas, with the lack of inventory in 2021. This trend may start to change as we move towards the end of Covid and more houses go on the market for sale.
Parker Texas Buyers Are Often Looking For The Same Thing
Good neighborhoods, access to transportation, shopping, good schools, close to work, etc. Properties that deliver all these are definitely a hot commodity. Sellers with a highly desirable property are in control of the market.
But For Texas Condos And Townhouses
Especially those a little off the beaten path, or with some funky features – it can be quite a different story. Prices have risen in certain areas of Parker TX, although there are not as many condos or townhouses in Parker.
Investment Properties Are In Demand In TX
The massive amounts of foreign cash flooding in to invest in US real estate have impacted the Parker TX market in unique ways.
Overall, those people in a position to pay cash for properties have been picking up the good deals in the marketplace.
Lots of sellers are trying out speculative prices just to see if anyone bites, but most investors and TX home buyers are walking away from deals that don’t pencil out. This of course doesn’t apply for houses receiving multiple offers driving the prices higher.
Financing Is Still A Major Obstacle For Parker Buyers
Banks are being incredibly strict, requiring lots of money down and even changing their terms at the last minute. It’s not uncommon for approved buyers to get their loans pulled right before closing escrow, although it’s getting better than it was just a couple of years ago.
Overall the markets remain incredibly polarized – there is a lot of action at the very top and the very bottom, with the biggest challenges in the middle.
Sell My House In Parker TX
Sound confusing? It is. But We Can Help.
There’s a lot of shakeup in the US economy still taking place, and the markets are moving fast in lots of directions at once. We’re investing in Parker because we believe in the community and the people here.
If you need to sell your house in Parker Texas, we can help you. We buy properties like yours from people who need to sell fast. We also help people who want to list their homes retail and try to get top dollar. No matter your situation, we can be a resource for you.