DFW Urban Realty Launches in Dallas, TX and Reports on Dallas Real Estate Market with Ch 8 News and WSJ
DFW Urban Realty, a commercial and residential real estate brokerage in Dallas, TX launches and partners with www.buyandselldallas.com to serve the Dallas Real Estate Market. DFW Urban Realty Broker, Kenneth Cox, interviews with The Wall Street Journal and Channel 8 News discussing home builder incentives and the current buyer's market in Dallas. Increasing home builder inventory and the mortgage lending crisis force builders to offer some of the best incentives seen in years.
Dallas, TX (PRWEB) November 14, 2007 -- DFW Urban Realty recently merged with www.buyandselldallas.com to serve the Dallas Real Estate Market. Dallas Broker, Kenneth Cox, reports a successful launch, adding "With both local and national media coverage within the first two weeks of launch, timing couldn't have been better."
DFW Urban Realty - Dallas Texas Real Estate
Reporter Jeff D. Opdyke with The Wall Street Journal recently published an article, Anxious Builders Pile on Incentives, which discusses the nationwide New Home Builder Market and highlights some of the most popular incentives builders are offering home buyers in order to move inventory. Agents from some of the largest real estate markets in the U.S were interviewed and asked to discuss local market conditions and builder competition. "They are giving stuff away here," says Kenneth Cox, broker for DFW Urban Realty in Dallas, painting a clear picture of the Dallas Real Estate Market and unbelievable incentives home builders are offering in just 6 words. All signs are pointing to a buyer's market and an excellent opportunity to cash in on some outstanding home discounts as Dallas Home Builders pile on the incentives.
Channel 8 News in Dallas, Texas recently aired a report on the Dallas Real Estate New Home Construction Market confirming the current buyer's market trend. Builders are offering discounts up to $50,000 in some cases to move new home inventory. Other builders including new urban home, condo, townhome, and loft construction are offering discounts totaling 10-20% off home sales price, free swimming pools, free upgrades, and rebates in order to capture the home buyer's attention. Pre Owned Home Sales are also suffering and owners are slashing prices in order to compete with new home builders.
In an interview discussing new home incentives with Channel 8 News Reporter Cynthia Vega, Dallas Real Estate Broker Kenneth Cox offers advice to home buyers when negotiating with new home builders. "What they are offering is not always what you can get." "Find a Realtor and negotiate the best deal on your new home." When asked what factors influenced the current buyer trend in Dallas, Mr. Cox replied, "An increase in builder inventory and competition in Dallas, combined with an increase in foreclosures and the Variable Rate and Subprime Mortgage Crisis, is allowing home buyers to take advantage of a unique opportunity and negotiate additional incentives on new homes that were already discounted and priced to sell." Investigations have unveiled some serious issues in the mortgage industry that will more than likely get worse before recovering.
About DFW Urban Realty:
DFW Urban Realty is a full service brokerage assisting clients with buying, selling, renting, and investing in Dallas Real Estate, specializing in Dallas Urban Estates, Homes, Townhomes, Condos, Lofts, and Highrises. Services also include a Free Dallas Apartment Locating Service which rebates up to $500.00 cash back to the tenant. DFW Urban Realty offers a Free MLS Search with direct access into the Dallas Real Estate MLS Database, utilizing the latest search technology including a new map to search residential and commercial Dallas Real Estate listings.
Contact:
DFW Urban Realty
(800) 525-4124
http://www.buyandselldallas.com
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