Three Cheers for the TIERS: Inside Dallas Real Estate News

Fun morning last Thursday with members of the TIER networking group of darling Dallas realtors! They are Laura Saunders with Allie Beth, Karen Wyatt with Keller Williams Elite, Kamella Hollis with Allie Beth, Tiffany Strickland with Legacy Texas Title, Carrie Hill and Amy Timmerman from Nathan Grace, Lindsay Craig from Virginia Cook, Elisabeth Davis and Kay Wood from Briggs Freeman. This networking group was conceived four years ago just as the market started to crater, now there are 14 in the group that started when two colleagues, Amy Timmerman and Tiffany Strictland, went to lunch and decided they needed a forum to exchange and share ideas. Networking with other agents is a top priority, they tell me, especially in a market like our’s where inventory is shrinking. That’s right– the biggest complaint I heard from these agents, selling anywhere from $200k to one million dollar homes, was that Dallas is suffering from a lack of real estate inventory. Other shared nuggets:

-Buyers are so much pickier these days!

-If a home is pretty, priced well, and staged, it sells.

– A lot of home sales are happening outside of MLS — less than 10%, but still a significant amount. Amy says she just had two homes that were sold before they made it to MLS.

-Sellers are holding back.

-120 days on the market is the sweet spot. If a home is on the market for longer than this, something is wrong… or it’s time to start bargaining!

-East Dallas is hot!