Expert Q&A: What is the relocation market looking like this year?
March 7th, 2014 | by admin
Photos / Shutterstock and Briggs Freeman Sotheby’s International Realty
Q: If this year follows 2013, then we can expect another great year in relocation business. Dallas continues to attract new business and is so centrally located; it makes for easy work travel. Consider just one high-profile relocation situation – the American Airlines-US Airways merger. We’re going to have a high number of people looking to buy homes in Dallas-Fort Worth. Many of those transplants will be searching for homes in our most sought-after neighborhoods – and at a higher price point. c: 214.536.4727 | firstname.lastname@example.org | beckyfrey.com
A: Dallas is a sought-after city for many reasons. We have excellent schools and some of the best tax benefits in the United States. We have a range of neighborhoods that provide homes and amenities for any lifestyle. And we have great access to airports, with direct flights that connect Dallas residents to the world. I have had several clients who have decided to retire in Dallas, and most of them are coming from Ohio, Michigan and Arizona. c: 214.543.2940 | email@example.com
A: Last year, we had an influx of people coming from California and the East Coast. This year, we have even more companies moving to Dallas for the supportive business environment. The relocation market is going to be really strong. Relocation clients will continue to create a high demand for luxury properties, so we will continue to see multiple-offer situations and competition for homes. We’re already seeing that in the Park Cities, Preston Hollow, and even Lakewood and Downtown. c: 214.927.1313 | firstname.lastname@example.org | www.jonathangrosen.com
A: Relocation continues to be strong in the DFW Metroplex. I am seeing more and more buyers relocating to Dallas from out of state, as well as internationally. We are fortunate to be in a city where jobs are being created and there is positive economic growth. Typically, my relocation clients are looking for a move-in ready house and are not as capable of doing or motivated to do major remodeling. c: 214.649.3323 | email@example.com | tomhughesdallas.com
Click here to see the latest in real estate news. CEO Robbie Briggs independently owns and operates Briggs Freeman Sotheby’s International Realty with five offices in Dallas, Uptown, Ranch and Land, The Ballpark and Southlake.