Question 1

How do I start the home buying process in DFW?

Accepted Answer

Start by getting pre-approved with a lender — this tells you exactly what you can afford and makes your offers competitive. Once you have pre-approval, connect with a buyer's agent (at no cost to you — the seller pays the commission) who specializes in your target area. In DFW, markets like Grapevine, Colleyville, and Southlake move quickly, so having an agent who knows the inventory before it hits Zillow is a major advantage.

Question 2

Do I need a buyer's agent? What does it cost me?

Accepted Answer

In Texas, buyer's agent representation is typically paid by the seller as part of the transaction — meaning it costs you nothing out of pocket to have professional representation. A buyer's agent negotiates on your behalf, reviews contracts, coordinates inspections, and guides you through closing. Given the complexity of a real estate transaction, going unrepresented to save money often costs more in the long run.

Question 3

How competitive is the DFW market right now?

Accepted Answer

As of mid-2026, DFW remains one of the most active real estate markets in the country. New construction inventory in Grapevine and Colleyville is still available but moving steadily. Resale homes in top school districts — particularly Grapevine-Colleyville ISD and Carroll ISD — often receive multiple offers within days of listing. Getting pre-approved and working with a local agent who has builder relationships gives you a meaningful edge.

Question 4

What is the difference between pre-qualification and pre-approval?

Accepted Answer

Pre-qualification is an informal estimate based on self-reported income and assets — it takes minutes but carries little weight with sellers. Pre-approval involves a lender verifying your income, credit, and assets, resulting in a formal letter that shows sellers you are a serious, qualified buyer. In a competitive market, most listing agents will not present an offer without a pre-approval letter.

Question 5

How long does it take to close on a home in Texas?

Accepted Answer

A standard resale transaction in Texas typically closes in 30–45 days from contract execution. New construction timelines vary: a spec home (already built or nearly complete) can close in 30–60 days, while a build-to-order home can take 6–12 months depending on the builder and lot. Your agent will walk you through the timeline specific to your transaction.

Question 6

What are earnest money and option fees in Texas?

Accepted Answer

In Texas, buyers typically pay two upfront fees when going under contract. Earnest money (usually 1–2% of the purchase price) is a good-faith deposit held in escrow and applied toward your closing costs or down payment at closing — you can lose it if you back out without a valid contract reason. The option fee (typically $100–$500) buys you an 'option period' — usually 7–10 days — during which you can terminate the contract for any reason and get your earnest money back. Use the option period to complete inspections.

Question 7

What should I look for during a home inspection?

Accepted Answer

A licensed home inspector will evaluate the structure, roof, foundation, HVAC, plumbing, and electrical systems. In DFW, pay particular attention to foundation reports (expansive clay soil is common), roof age and condition, and HVAC capacity for Texas summers. Your agent can recommend trusted inspectors and help you interpret the report — not every item is a deal-breaker, and your agent can help you prioritize what to negotiate versus what to accept.

Question 8

Can I buy a home if I'm relocating from out of state?

Accepted Answer

Absolutely — relocation buyers are a significant part of the DFW market. The Bankston Group regularly works with buyers relocating from other states who need to move quickly and efficiently. We can conduct virtual tours, help you understand Texas-specific contract terms, and coordinate everything remotely so you can close with confidence even before your move date.

Question 9

Do I need my own agent when buying new construction?

Accepted Answer

Yes — and it is critical. The builder's sales agent represents the builder, not you. Having your own buyer's agent costs you nothing (the builder pays the commission) and gives you someone whose sole job is to protect your interests: reviewing the contract, negotiating upgrades, flagging construction issues, and ensuring the builder meets their obligations. Never walk into a builder's model home without your agent registered as your representative.

Question 10

Can I negotiate the price on a new construction home?

Accepted Answer

Builders rarely discount the base price — it affects their comps for the rest of the community. What you can often negotiate are upgrades, closing cost contributions, and lot premiums. An experienced agent who has closed multiple transactions with a specific builder knows exactly where there is flexibility and how to ask for it.

Question 11

What is a spec home vs. a build-to-order home?

Accepted Answer

A spec home (speculative build) is a home the builder constructs without a buyer under contract — they build it, then sell it. These are move-in ready or nearly complete and can close quickly. A build-to-order (or 'dirt contract') means you select a lot, choose your floor plan, and customize finishes before construction begins. Build-to-order homes offer more personalization but require 6–12 months before closing.

Question 12

What developments is The Bankston Group currently active in?

Accepted Answer

We are active in several Graham Hart developments across DFW, including Park Hill in Colleyville (luxury new construction from $850K), Dove Station in Grapevine (from $549K), and Waterfall Ranch in Waxahachie. We also have luxury custom home listings in Southlake and Northwest Dallas. View our full active inventory on the listings page.

Question 13

What is included in a new construction home warranty?

Accepted Answer

Texas builders are required by law to provide a one-year workmanship warranty, a two-year systems warranty (HVAC, plumbing, electrical), and a ten-year structural warranty. Builders may also offer extended warranties through third-party providers. Your agent should review the warranty terms before you sign the contract.

Question 14

What is a builder's preferred lender, and do I have to use them?

Accepted Answer

Most builders have a preferred or in-house lender they recommend — sometimes with incentives like closing cost credits if you use them. You are never required to use the builder's lender, and you should always compare rates. If the incentive is significant (e.g., $10,000 in closing costs), it may be worth using their lender even if the rate is slightly higher. Your agent can help you run the numbers.

Question 15

What upgrades are worth paying for in a new construction home?

Accepted Answer

Structural and layout upgrades — extra bedrooms, extended patios, larger garages — are generally worth the cost because they are expensive or impossible to add later. Cosmetic upgrades like flooring, countertops, and fixtures can often be done after closing for less than the builder's markup. Your agent can advise on which upgrades add resale value versus which are better handled independently.

Question 16

How do I buy a lot and build a custom home in DFW?

Accepted Answer

The process starts with finding a suitable lot — either in a platted development or an open market lot. Once you have a lot under contract, you work with a custom builder to design your floor plan and finalize a construction contract. Financing a land purchase and construction is different from a standard mortgage; most buyers use a construction-to-permanent loan that converts to a traditional mortgage at closing. The Bankston Group has experience with land transactions and builder relationships across DFW.

Question 17

What are the best school districts in DFW for families?

Accepted Answer

Several DFW districts consistently rank among Texas's best. Grapevine-Colleyville ISD (GCISD) and Carroll ISD (Southlake) are perennially top-rated for academics, athletics, and facilities. Highland Park ISD is also highly regarded. If school zoning is a priority, verify the specific address's zoning before making an offer — boundaries can shift, and a home's listed school is not always guaranteed.

Question 18

How do I verify which school district a home is zoned for?

Accepted Answer

The most reliable method is to look up the address directly on the school district's website using their attendance zone tool. Do not rely solely on Zillow or Realtor.com — these databases can be outdated. Your agent can also verify zoning through the MLS and the district directly before you make an offer.

Question 19

What neighborhoods in Grapevine and Colleyville are most popular with families?

Accepted Answer

In Grapevine, Dove Station (new construction, GCISD) and Silver Lake are popular family communities. In Colleyville, Park Hill (new construction, GCISD) and the established neighborhoods near Colleyville Heritage High School are highly sought after. Both cities offer low crime rates, strong community events, and easy access to DFW Airport.

Question 20

Is Carrollton a good area to buy in?

Accepted Answer

Carrollton offers strong value relative to Colleyville and Grapevine, with a mix of established neighborhoods and renovated homes. It sits within Lewisville ISD and Carrollton-Farmers Branch ISD depending on the address. It is a popular choice for buyers who want proximity to the Metroplex without the premium price points of Southlake or Colleyville.

Question 21

What is Grapevine-Colleyville ISD (GCISD) known for?

Accepted Answer

GCISD is consistently ranked among the top school districts in Texas and the nation. It serves Grapevine, Colleyville, and portions of Southlake and Euless. The district is known for strong academics, competitive athletics, award-winning fine arts programs, and high graduation rates. Homes zoned to GCISD — particularly those near Colleyville Heritage or Grapevine High School — carry a measurable premium in the resale market.

Question 22

What is Carroll ISD (Southlake) like?

Accepted Answer

Carroll ISD in Southlake is one of the most recognized school districts in Texas, known for its Dragon athletics program, high academic achievement, and strong community involvement. The district consistently ranks in the top tier statewide for SAT/ACT scores and college readiness. Homes in Carroll ISD command some of the highest prices per square foot in DFW, reflecting the district's reputation.

Question 23

How does school zoning affect home value in DFW?

Accepted Answer

School district zoning is one of the single largest drivers of home value in DFW. Homes in top-rated districts like GCISD and Carroll ISD typically sell for 10–20% more per square foot than comparable homes in adjacent districts. When evaluating a home's value, always consider the school zone — it directly affects both your quality of life and your resale potential.

Question 24

How do I know what my home is worth?

Accepted Answer

A Comparative Market Analysis (CMA) from a local agent is the most accurate way to determine your home's current market value. A CMA compares your home to recently sold properties with similar size, condition, and location. Online estimates (Zillow Zestimate, etc.) are a rough starting point but can be off by 10–20% in either direction, especially for unique properties or rapidly changing markets.

Question 25

What is the best time of year to sell in DFW?

Accepted Answer

Spring (March–May) is traditionally the strongest selling season in DFW, with the highest buyer demand and fastest days on market. However, DFW's market is active year-round. August sees a surge in family relocations tied to the school calendar. Fall and winter can be advantageous for sellers because there is less competition from other listings.

Question 26

How much does it cost to sell a home in Texas?

Accepted Answer

Typical seller costs in Texas include agent commissions (negotiated, typically 5–6% of the sale price split between buyer and seller agents), title insurance, prorated property taxes, and any agreed-upon repairs or concessions. Sellers do not pay transfer taxes in Texas, which is an advantage compared to many other states. Your agent will provide a net sheet showing your estimated proceeds before you list.

Question 27

Should I renovate before selling?

Accepted Answer

It depends on the renovation. High-ROI updates include fresh paint (neutral tones), updated light fixtures, landscaping, and deep cleaning. Full kitchen or bathroom remodels rarely return their full cost in the sale price. Your agent can walk through your home and identify the specific improvements that will move the needle for your price point and neighborhood.

Question 28

What is staging and do I need it?

Accepted Answer

Staging is the process of arranging furniture and décor to make a home show at its best — either using your existing furniture or bringing in rented pieces. Professionally staged homes sell faster and for more money on average. At minimum, decluttering and depersonalizing your home (removing family photos, excess furniture, and personal items) helps buyers visualize themselves in the space. Your agent can advise on whether full professional staging makes sense for your price point.

Question 29

How do I handle multiple offers on my home?

Accepted Answer

When you receive multiple offers, your agent will present each one and help you evaluate not just price, but financing type, contingencies, closing timeline, and the strength of the buyer's pre-approval. Sometimes the highest offer is not the best offer — a cash buyer with a shorter close and no inspection contingency may be worth more than a financed offer $10,000 higher. Your agent will walk you through every scenario.

Question 30

What disclosures am I required to make as a seller in Texas?

Accepted Answer

Texas requires sellers to complete a Seller's Disclosure Notice (SDN) that covers known material defects, past repairs, and the condition of major systems (roof, HVAC, foundation, plumbing, electrical). You must disclose what you know — you are not required to investigate issues you are unaware of. Failing to disclose known defects can expose you to legal liability after closing. Your agent will guide you through the disclosure process.

Question 31

What happens after I accept an offer?

Accepted Answer

Once you accept an offer, the buyer enters their option period (typically 7–10 days) during which they conduct inspections. After the option period, the transaction moves into the financing and appraisal phase. Your agent will coordinate with the buyer's agent, title company, and your lender (if applicable) to keep everything on track toward the closing date. Plan for 30–45 days from contract to close for a financed transaction.

Question 32

What should I look for when choosing a real estate agent?

Accepted Answer

Look for local market expertise (not just general DFW experience, but knowledge of the specific neighborhoods you are targeting), a track record of closed transactions, and clear communication. Ask how many transactions they closed in the last 12 months, whether they work full-time, and how they will keep you informed throughout the process. An agent who specializes in your price range and property type will serve you better than a generalist.

Question 33

What is a buyer's representation agreement?

Accepted Answer

A buyer's representation agreement is a contract between you and your agent that defines the terms of your working relationship — duration, geographic scope, and compensation. In Texas, agents are required to have a signed representation agreement before showing homes. It protects both parties and ensures your agent is legally obligated to act in your best interest.

Question 34

How does The Bankston Group work with buyers and sellers?

Accepted Answer

The Bankston Group is a boutique team under The Agency Dallas, led by Katie Bankston. We specialize in new construction, land, and luxury residential across DFW — with particular depth in Grapevine, Colleyville, Southlake, and Dallas. We work with buyers, sellers, and investors at all price points. Our team approach means you get the attention of a small team with the resources of a top-tier brokerage.

Question 35

What is the difference between a listing agent and a buyer's agent?

Accepted Answer

A listing agent (seller's agent) represents the seller and is responsible for marketing the property, pricing it correctly, and negotiating the best terms for the seller. A buyer's agent represents the buyer and helps them find properties, evaluate value, and negotiate favorable terms. In Texas, one agent can legally represent both sides of a transaction (intermediary), but most experienced agents prefer to represent only one party to avoid conflicts of interest.

Question 36

How do real estate agent commissions work in Texas?

Accepted Answer

In Texas, commissions are negotiated between the seller and their listing agent at the time of listing. Traditionally, the seller pays a total commission (typically 5–6%) that is split between the listing agent and the buyer's agent. As of 2024, new NAR rules require buyers to sign a representation agreement that specifies the buyer's agent compensation — but in most transactions, the seller still covers this cost as part of the deal.

Question 37

What does 'under contract' mean and can I still make an offer?

Accepted Answer

'Under contract' means the seller has accepted an offer and the property is in the process of closing. In most cases, the seller will not accept new offers while under contract. However, if the current contract falls through (failed inspection, financing issues, etc.), the property can come back on the market. Your agent can notify you if a backup opportunity arises on a property you are interested in.

Question 38

How do I know if a home is priced fairly?

Accepted Answer

Your agent will run a Comparative Market Analysis (CMA) that compares the home to recently sold properties of similar size, age, condition, and location. Price per square foot is a useful benchmark, but condition, lot size, school zoning, and upgrades all affect value. In a competitive market, a well-priced home will receive offers quickly — if a home has been sitting for 30+ days without offers, it is likely overpriced.

Question 39

What is the role of a title company in a Texas real estate transaction?

Accepted Answer

The title company is a neutral third party that manages the closing process in Texas. They conduct a title search to ensure the property has no liens or ownership disputes, issue title insurance to protect the buyer and lender, hold earnest money in escrow, prepare closing documents, and disburse funds at closing. In Texas, the seller typically chooses the title company, though this is negotiable. The Bankston Group works with trusted local title partners to ensure smooth closings.

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