Whether you own a home in DFW or want to, you’ve probably asked some version of these: What’s going on with the market? Is it a good time to buy? Should I sell? Should I renovate now, or wait?
The answer depends on you, and on what the market is doing in your price range when you’re ready to move. Markets change faster than blog posts do, so these ten aren’t a forecast. They’re what to know when buyers have more room than they did in the frenzy years, and what to check before you count on it.
6th Ave Homes is a brokerage and a design-build firm under one roof, so we work with people on every side of this: first-time buyers, longtime homeowners thinking about a remodel, families ready to upsize, downsizers, and everyone in between. Whichever one you are, lead with a plan, not with anxiety.
If you’re working out your next move in Fort Worth, Mansfield, Aledo or nearby, here are ten things worth knowing before you do anything else.
More Homes for Sale Means Time to Think
When more homes are for sale, buying gets calmer than the panic of 2021 and 2022. Before you plan around that, ask your agent how many homes in your price range are for sale right now and how long they’re taking to sell.
In practice, more choice means you can tour several houses without one selling out from under you overnight. You can sleep on a decision instead of writing an offer in the parking lot. You can get an inspection without waiving it just to compete. You can request repairs. You can negotiate.
That’s not a small thing. The cost of time to think in real estate is invisible until you’ve lost it. With options, you can be choosy, and you’re more likely to end up in a home that fits.
If you sat out because every house you tried for in 2022 turned into a bidding war, look at your price range again. It may have opened up.
When Prices Level Off, Sellers Can’t Name Their Price
Prices don’t have to crash for a seller to feel a slower market. Leveling off is enough.
That means you can’t put any number on a listing and watch it get bid up. A home that’s overpriced for what it offers sits. A home that’s priced right, shows well and was ready before it listed can still sell, sometimes quickly.
A slower market rewards strategy, not optimism. Pricing high to “leave room to negotiate” can stall a listing before it starts. Buyers watch days on market, and a listing that sits begins to look stale.
The flip side: a well-priced, well-prepped home in a neighborhood buyers want can still draw strong interest, when the seller and the agent treat the listing like the project it is.
If you’re thinking about selling, start with what your house would sell for right now. If it’s in Fort Worth, Tarrant County or Parker County, get a free home valuation: one of our listing agents pulls the comparable sales for your house by hand and gives you the number, with the comps behind it. You don’t have to list with us to get it.
When Buyers Have Leverage, Use It
When homes sit longer, buyers can ask for things a hot market takes off the table: repairs after the inspection, help with closing costs, a lower price, or a temporary rate buydown paid by the seller.
Help with closing costs and a rate buydown are both worth a close look. A temporary buydown lowers your interest rate, and your payment, for the early years of the loan, and a seller whose home has been sitting may be willing to pay for one. Ask your lender what it would do to your payment before you ask the seller for it.
That doesn’t mean lowballing every offer or assuming sellers will roll over. It means you have room. Your offer is a conversation, not a Hail Mary. A good agent helps you read each situation (how long the home has been listed, what the seller needs, what’s reasonable to ask for) and write an offer that gets you the best terms without blowing up the deal. If you’re buying, sit down with one of our agents before you write one.
Don’t Wait for Rates to Drop if the Payment Works Now
It’s easy to get stuck in the I’ll wait until rates come down loop. Nobody can tell you when that will be, and waiting has a cost of its own.
The risk: when rates drop, more buyers can afford to buy at once. More buyers means more competition, and competition can push prices up. A buyer who held out for a better rate can end up paying more for the same house, or competing with everyone else who waited.
There’s a saying in real estate: Marry the house, date the rate.
The house is the long-term commitment. If it fits your life, your neighborhood and your budget at today’s rate, the rate doesn’t have to be forever: if rates fall later, you may be able to refinance, though a refinance has its own closing costs and you’ll have to qualify again. What you can’t do is go back and buy at today’s price if prices rise while you wait.
So if the payment works for your monthly budget now, at today’s rate, don’t let the hope of a lower one talk you out of the right house.
If You’re Locked Into a Low Rate, Your Best Move Might Be to Stay and Renovate
If your mortgage rate is well below what a new loan would cost today, trading it in can hurt, and you may not need to if what you want is a home that feels different.
So ask yourself: what would it take to love this place again? Sometimes the answer is a kitchen remodel. Sometimes it’s a primary suite addition. Sometimes it’s reconfiguring an awkward layout or adding the outdoor space you never built. Sometimes it’s all of it.
Then run the math both ways. Moving means selling costs, closing costs, moving expenses and a new loan at today’s rate. Staying means the cost of the remodel. If your home is in Fort Worth or nearby in Tarrant or east Parker County, we can put both sides in front of you: a free home valuation tells you what your house would sell for, and a free walk-through, where a designer and a builder walk the house with you, gives you an honest estimate of the remodel. Neither one obligates you to anything.
If staying put with a smart remodel is an option for you, put it on the table next to moving.
