In the Collin County, North Dallas area home prices have increase while mortgage rates have remained very favorably. Competition can be fierce on certain homes. Buyers must be aware that they need to come in with their best offer to secure a home and even then it may not be enough. The reason is that you may be competing with a cash buyer and sometimes the sellers feel this is a better deal since the cash buyer does not have to secure a loan and in many cases won't do an appraisal of the home. Your realtor should be advising you when making an offer so just be aware that all offers even at the same price are not always equal because of other factors. Posted by Roxanne DeBerry on
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