We know the Dallas-Fort Worth (DFW) real estate market is thriving, and that it’s a sellers’ market. Most of us with homes locally have probably thought about selling at some point – in fact, according to a Capital One survey*, more than one in three (38 percent) DFW homeowners are likely to consider selling their home in the next two years. Yet, Dallas has conversely been described as one of the toughest markets for home buyers. Consider that 43 percent of current homeowners are willing to get into a bidding war to buy the new home they really, truly want! It’s clear that it’s more important now than ever for those thinking about buying a home in the DFW area to get their finances and documents in order so they can get the home they want when it hits the market. But for most folks, that’s easier said than done.
Nearly 70 percent of Capital One’s DFW survey respondents admit to facing obstacles in obtaining a new home, and the home loans process is at the crux of these struggles. Capital One asked about the specific problems with the home loan applications process.
While 33 percent of DFW respondents indicated the amount of paperwork, 29 percent said it’s not knowing where the heck they stand in the application process.
Thankfully, Capital One Home Loans has rolled out an innovative new home loans experience in select markets, including here in DFW.
With consumers increasingly going online for buying decisions, Capital One has introduced a digitally re-imagined process to meet homebuyers and homeowners where they already are: online. After all, the entire home buying process these days starts online, from finding your dream home on daltxrealestate.com (we hope!) to applying for a home equity loan or mortgage with Capital One’s new digital tools. Capital One’s new take on home loans is empowering homeowners and home buyers to take charge, while also offering them the support they need on their own terms.
Additionally, knowing that 58 percent* of DFW homeowners expect to have home improvement expenses in the next two years, Capital One has launched a Home Improvement Contest. One lucky winner will have the chance to win $25,000 towards their dream home improvement project, as well as personalized design advice from Jillian Harris herself. Visit SmartHomeLoans.com to learn more.
Home buying and renovating can be a headache, but thanks to Capital One Home Loans, it doesn’t have to be! Visit CapitalOneSmartHomeLoans.com for more information.
Thank you Capital One Home Loans for sponsoring this post. To learn more about how Capital One Home Loans tools can help simplify your home-buying process, visit CapitalOneSmartHomeLoans.com.
Survey Methodology
The Capital One Home Loans DFW Survey was conducted by Wakefield Research (www.wakefieldresearch.com) among 500 homeowners ages 18+ in the Dallas-Fort Worth DMA, between October 30 and November 6, 2015 using an email invitation and an online survey.
The Capital One Dallas Home Equity Survey was conducted by Wakefield Research (www.wakefieldresearch.com) among 500 homeowners ages 18+ in the Dallas-Fort Worth DMA, between December 2 and December 7, 2015 using an email invitation and an online survey.
Results of any sample are subject to sampling variation. The magnitude of the variation is measurable and is affected by the number of interviews and the level of the percentages expressing the results. For the interviews conducted in this particular study, the chances are 95 in 100 that a survey result does not vary, plus or minus, by more than 4.4 percentage points from the result that would be obtained if interviews had been conducted with all persons in the universe represented by the sample.
