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Open Door Want to Know More....Call Us First

By Arun Innasimuthu_CML

Our team weekly does a total market overview of the real estate market in Dallas-Fort Worth, including the communities of Flower Mound, Lewisville, Lantana, Argyle, Highland Village, Keller, Colleyville, Southlake, Corinth, Highland Park, Hickory Creek, Frisco, Plano and Coppell. Why? We are watching the market in every price and the trends that we can see where demand, where this is a slight shift, lack of demand and how wholesalers are impacting the real estate market.

What is interesting, we where looking at trends this morning in Lantana/Argyle TX. We looked at a home that just came on the market at $349,000 located at 1561 Bonham Parkway, Lantana, TX 76226. This home was on the market original list price of $345,000 an then a price reduction to $330,000. This home was then removed from the market at the end of October 2016. This home was purchased from Open Door in the last 50+days. Do you know that Open Door overall costs are more than the traditional real estate fees. Think over 10% of your gross, is going to Open Door. Then they are purchasing your home and raising the price to $349,000. This one will be interesting to see what the final sale price will end at, however the seller most likely gave up a significant amount of money to allow Open Door to profit. In some cases Open Door will come in an do some minor updates the paint, the carpet and then increase price. What we see with the home at 1561 Bonham Parkway, Lantana, TX the difference is painting a bedroom or two. Wow, the sellers may have done a few repairs, before selling to Open Door, however are you really willing to give up a large amount of your real estate equity to a company that is funded to act as a wholesaler? We value you and the real estate transaction. We make this process as simple as possible, hence our name SoSimple Home. We are all about netting you the most amount of the money and we craft the story of your home to position it to outperform other homes. Before just giving your home away with Open Door or a wholesaler who is going to make $$$ on your loss, do the right thing and give us a call at 972.657.0364 to look at your options. You will be glad that you did and of course no commitment to see what we can do for your Dallas-Fort Worth Real Estate needs.


Lori Lesnansky

SoSimple Home-Keller Williams