BRAND-NEW HOMES
If you are interested in brand-new properties, tell me your wants, needs, and priorities. I can recommend you a few builders and communities that fit your lifestyle and budget.
The process of buying a new house is totally different from buying a resale property.
Please do NOT start visiting model homes in new communities without your own real estate agent. Many buyers sign a purchase contract (even without understanding the terms and conditions) to buy a house after seeing some attractive models. You had better explore other options before making such a significant decision.
Once you visit sales offices, your name will be registered in their systems. Then most builders would not give out promotional incentives if you decide to buy one from them months later, instead of RIGHT NOW.
RESALE PROPERTIES
Detailed information of nearly all the resale properties is shared among Texas REALTORS via Multiple Listing Services (MLS). Therefore you can ask any licensed salesperson or broker for information of any property on the market.
Buyer's agents (representatives under agreement) look for available properties for their clients. REALTORS can also obtain the information of 'COMING SOON' properties in MLS and forward it to their clients. Many sellers receive multiple offers by the time other potential buyers find those houses on the websites catered to consumers.
BUEYR'S AGENT
Many consumers decide to hire a licensed salesperson or broker as BUYER'S AGENT when purchasing a home in Texas.
Meanwhile LISTING AGENT works exclusively for a seller for a specific property.
In Texas, it is prohibited for an agent to represent both a seller and a buyer in a transaction ('dual agency').
Please select your buyer's agent carefully. See if s/he has sufficient knowledge of your target area and property type, and if s/he has the ability to help you go through the whole process while minimizing issues and your stresses.
Properties for sale are advertised not only by the seller's agent but also third-party realtors. In many cases, it is unclear for consumers. Ask the advertising realtor whom s/he represents at the beginning of your communication.
REAL ESTATE INVESTMENT
More corporations and workforces are moving to business-friendly DFW from other cities and states. Growing population demands more homes to rent and buy. Meanwhile, supplies of available homes - either brand-new or resale - remains quite limited, creating long-lasting housing shortage, resulting in bidding wars.
Individual and institutional investors are flocking to DFW to acquire any available properties for rent or flip. They expect steady cashflow and rising property value under continued robust demand.