Higher interest rates, bigger expenses and I-buyer investor abuse are threatening a 2023 housing bubble burst that could deflate home seller profits in DFW. Homeowners who held onto older houses, rental houses and as-is sales are feeling the pinch.
We are hearing it more each day in phone calls and emails from sellers … they are afraid they waited too long to sell and they’re tired of higher repair expenses, the abuse of i-buyers and corporate investors and the looming slowdown with higher interest rates.
It’s scary out there, and media reports (and social media) writing about a 2022 housing bubble burst aren’t exactly building confidence.
It is NOT all bad news through, as opportunities do exist for sellers to move rental houses, as-is properties and inherited homes quickly at or near the top of the market. The genuine offers can be had, and sales can happen as cash deals without all the contractual runaround of corporate investors.
“Bubble or no-bubble, we haven’t changed our approach,” says David Metts of WelcomeHome. “We answer our own phone and meet with sellers usually within a couple of hours to reach a top-dollar deal that same day.”
“And, explains Metts, WelcomeHome gives sellers a $5,000 earnest money check guaranteed with the contract. Deals cost sellers nothing, and close typically within 10 days. It’s a comfortable process with a local, long-term owner and nobody loses.
There is also some concern among rental home owners the should forces combine to create a 2022 housing bubble burst, rental rates will contract too. Add to that the steady climb in prices for building materials and hardware supplies, and running rental houses is getting more expensive and less certain.
“We have conversations each week with landlords who have one, maybe two houses, and realize they don’t have a business, they just have headaches,” says Metts. “But when we explain we can even help with tenants in the sale, their anxiety melts away. It’s fun for our team and our clients making the complicated seem easy.”
If you would like to know more about the WelcomeHome process see our How It Works page. If you would like answers now, call David at (817) 500-7211
If you are a rental owner, recently inherited a house or just have a house you would like to lose without spending any more money, a 2022 housing bubble burst could combine with higher interest rates to lower your profits on the sale. Combine that with what we are seeing from the big corporate investors, and it could get worse. We serve all of Tarrant and Dallas counties, including the following areas:
Tarrant County Cities:
Anetta, Aledo, Arlington, Azle, Bedford, Benbrook, Blue Mound, Colleyville, Eagle Mountain, Edgecliff Village, Euless, Everman, Fossil Creek, Grand Prairie, Haltom City, Hudson Oaks, Hurst, Kennedale, Lake Ridge, Mansfield, Melody Hills, North Richland Hills, Primrose, Richland Hills, Saginaw, Sanctuary, Watauga, Weatherford, Willow Park, Wright
Dallas County Cities: Balch Springs, Cedar Hill, Cockrell Hill, Coppell, Duncanville, Elam, Flower Mound, Garland, Grapevine, Health, Hutchins, Irving, Lancaster, Las Colinas, Mesquite, Murphy, Oak Cliff, Rose Hill, Rockwall, Rowlett, Sunnyvale, Valley Ranch, Wylie
