Homebuyer Tips for Competing in Dallas's Hot Market

By Steven J. Thomas | Refind Realty

Introduction

If you’ve been house hunting in Dallas lately, you know the competition is no joke. Homes are getting multiple offers within days of hitting the market, and buyers are stretching their budgets just to stay in the game. I’ve worked with clients all over the metroplex, and I’ve seen firsthand what works—and what doesn't.

If you’re serious about landing a home in this fast-paced market, here are the exact strategies I recommend to my buyers right now.

1. Get Pre-Approved, Not Just Pre-Qualified

Pre-approval carries more weight than a basic pre-qualification. It tells the seller you’ve already been vetted by a lender and that your financing is solid. In competitive markets like Dallas, sellers won’t wait around for buyers still figuring things out.

➤ Get pre-approved here

2. Be Ready to Act Fast

Homes in Dallas are moving quickly—many are under contract within 3 to 5 days. That means you need to tour homes as soon as they hit the market and be ready to write an offer immediately if it checks your boxes.

Set alerts, stay in touch with your agent, and be prepared to make fast but informed decisions.

➤ Download the Lone Star App to see listings instantly

3. Work With a Local Agent Who Knows the Market

Every neighborhood in Dallas is different. An experienced local agent (that’s me) knows what sellers are looking for, how to write a strong offer, and where the hidden gems are.

I don’t just open doors—I help you win in one of the most aggressive markets in Texas.

4. Be Competitive Without Overpaying

It’s tempting to throw out a huge number just to win, but the key is making your offer strong, not reckless. Here are a few techniques that can make your offer more appealing:

• Offer a leaseback to the seller if they need time to move

• Increase earnest money

• Waive small contingencies (with guidance)

• Use an escalation clause if allowed

➤ Learn more in my Homebuyer Webinar

5. Consider New Construction as an Alternative

In some parts of Dallas-Fort Worth, new builds can be easier to secure than resale homes. Builders are offering incentives, and you avoid bidding wars altogether.

The key is knowing where to look and understanding timelines and contracts. I walk my clients through the entire process from dirt to move-in.

➤ Explore new construction homes
➤ Check out our New Construction Rebate Program

6. Stick to Your Budget

It’s easy to get caught up in the heat of competition, but going over your comfort zone can lead to buyer’s remorse—or worse, financial stress. I help my buyers stay grounded and strategic so they don’t regret their decisions later.

Dallas Market Snapshot for 2025

• Median home price: $430,000

• Avg days on market: 7

• Inventory: Tight in inner Dallas, moderate in outer suburbs

• Interest rates: Between 5.75% and 6.5%

• Top areas with competition: East Dallas, Lakewood, North Oak Cliff, Frisco, Prosper

FAQs

1. How fast do homes sell in Dallas right now?
Most homes are under contract within a week, especially if priced well.

2. What is the best way to stand out as a buyer?
A strong pre-approval, flexible terms, and a clean offer can often win over a higher bid.

3. Is new construction a good option in Dallas?
Yes, especially in growing areas like Frisco, McKinney, and Prosper where builders offer incentives and less competition.

4. Should I waive my inspection to win a bid?
Never without guidance. There are safer ways to strengthen your offer without exposing yourself to major risks.

5. How do I compete if I have a home to sell?
Ask me about strategies like bridge loans, rent-backs, or contingency removal options tailored to your situation.

Conclusion

The Dallas market is hot—but that doesn’t mean you can’t buy smart. With the right strategy, guidance, and tools, you can absolutely land a great home this year. If you’re serious about buying in Dallas, I’d love to help you every step of the way.

Download the Lone Star App here: https://lonestarliving.hsidx.com/@sthomas

You're Always Home With Refind Realty!