Everything’s bigger in Texas, but Dallas is relatively normal. The real estate market in Dallas is not as big as many homeowners would like, and in many cases, property values also fail to meet an owner’s expectations. The unusual juxtaposition of market temperature and market health in Dallas can make the sale of a home challenging, but it’s a challenge you can meet if you approach it with the right strategy.
PROPERTY VALUES IN DALLAS
Dallas is big and busy, but it gets down to brass tacks when it comes to housing. There aren’t a lot of disproportionately high value homes that skew area averages. When it comes to home value by neighborhood, most of the playing fields are quite even. Like most large cities, Dallas has small annexes of lower value homes, average value homes, and homes priced for the upper middle class. There’s nothing out of the ordinary, and no external forces that have a noteworthy impact on home values.
The lowest home values are in Cedar Crest and the Love Field Metro area, and this is due to a variety of circumstances. These areas are generally regarded as lower income areas, and lot of the construction is old and dated. Despite the affordable sale price of these homes, the neighborhood dissuades a lot of buyers from seeking out a property in these areas. The lack of interest has caused a slower rebound on property values in the two neighborhoods. Oak Lawn and M Streets are a little better when it comes to home values, mostly because these homes are newer and well maintained.
CURRENT MARKET IN DALLAS
In most areas of Dallas, market growth is booming. While most cities in the United States typically see between 2% to 5% annual growth rates, Dallas is projected at about 8% growth per year. The market came back with a strong rebound after the collapse. The median home value went from a meager $93,000 in 2011 and is projected to reach nearly $170,000 sooner rather than later.
While the growth rates are very high and the market is one of the healthiest in the country, it’s also a cold market. This is much better for buyers than it is for sellers. About 19% of Dallas homes sell at a price cut. While less than 2% of these homes are selling for less than their previous sale price, the buyers simply aren’t there. This means that the few buyers who do come in are only interested in the very best homes, and they’re in an ideal position to significantly talk down prices.
Homes can and do sell, but the circumstances are often to a homeowner’s dismay. If your home is modern and in great shape, the right buyer will come along eventually. If your patience is running thin or if your property needs some serious work, it may be time to investigate other options.
WHAT IF I CAN'T SELL MY HOUSE?
If you’re having a hard time selling your home, it may be frustrating, but you aren’t yet at the end of the line. Since there are so many more sellers than there are buyers, market competition is tight for homeowners looking to make a sale.
Since sales will almost always work out to a buyer’s advantage, you’ll need to assure your home is exactly what buyers are looking for. Buyers don’t want outdated homes that need a lot of work, particularly when they can talk down the price of a home that’s move-in ready with relative ease.
DOES YOUR HOME NEED REPAIRS?
If you want your home to sell within a reasonable timeframe, you need to address any repairs that you’ve been putting off. You’ll also need to be sure to stage your home perfectly, in order to allow potential buyers to view it as the perfect canvas. Major structural repairs are of the utmost importance. If you have any issues with plumbing or a bad roof, you may be out of the running in a buyer’s market.
BYPASSING TRADITIONAL SALES METHODS
This leaves you with two options. One, you can invest your own time and money into making necessary repairs and staging your home. If you have the extra cash and selling is the most important thing to you, this may be worthwhile. In a buyer’s market, repairs don’t always offer return on investment.
It’s worth noting that you may be spending more just to sell your home for a lesser amount in the end. The second option is to find a buyer who takes homes in any condition. Home investment companies often purchase properties that have seen better days, and you won’t need to spend any of your own money improving the property.
IS AN INVESTOR RIGHT FOR YOU?
Even if your home has been significantly damaged by fire or water, and investor may still be willing to buy it. The same goes for homes in bad neighborhoods, homes with code violations, and even homes in probate or foreclosure.
Investors purchase homes with their own plans in mind. They’re going to take a home and renovate it in order to make it competitive in the Dallas market, and they’re going to spend their own money to do so.
Home Buyers USA is one of those home investment companies. If you’re tired of fighting to sell your home in a buyer’s market, we may be able to help you win that fight. When you’re ready to sell, contact us with information about your property.
We can draw you up a quick cash offer on your property and help you through a speedy sale process. We know it’s frustrating to wait forever, and we’ll be happy to bring an end to that frustration.
HOW DOES THE INVESTMENT PROCESS WORK?
If you’re never sold a home to an investor before, you’re probably curious about how the whole thing works. Getting started breaks down into three easy steps, and you can do it all from this page.
If you scroll down near the bottom of the page, you’ll find a form that you can use to submit your information to us. Once we’ve received the basic details, we can have an expert staff member review your info and come up with an offer for your home.
Receive Our Offer
Once you’ve received an offer from us, give it a look. All of our offers are in cash, and we’re willing to buy your home immediately in most cases.
Work With us
The sooner you accept, the sooner we can buy your home. We keep the selling process simple, and we know how valuable your time is. If you decide not to work with us, we may be able to help direct you to useful resources.
We try our best to make things easy for you. The market isn’t kind to everybody, and we often step in when homeowners have had enough mistreatment. You deserve to feel comfortable and secure during the sale of your home, and we’d love to accommodate you.
Forget About Any Damage
A normal buyer would want a laundry list of things completed before they’ll purchase the house. An investor is precisely the opposite. We’re thrilled at the prospect of getting to do the work ourselves. Put away the toolbox and the paint swatches.
Forget the Paperwork
Whether you sell your home by owner or you use a real estate agent, you’re going to get trapped in a mountain of paperwork. With us, there are no agents or commissions that need to be sorted out. The small amount of paperwork involved is our problem. We’ll take care of it.
No Closing Costs
We don’t want you to do a thing to your home. You don’t need to pay anyone for assisting in the sale, either. When we make our cash offer, we’ve figured in the expenses we’re going to incur. An investor with your best interest in mind would never ask you to pay closing costs.
We Buy Homes in Cash
We’re private investors with our own resources. We don’t need to be granted a loan by a bank. Our offers are always cash from our pockets. The funds don’t need to be approved by any institution, and they’ll never fall through.
Short Closing Process
On the regular market, not all closing processes actually lead to a sale. If you haven’t had the misfortune of experiencing this first hand, you may be surprised to learn that loans fall through all the time. We don’t need that loan, so we’re able to skip right to the end. We can close in as little as 7 days.
We Respect Your Situation
The road gets bumpy sometimes. We’re all vulnerable to rough periods, and we understand that you might be experiencing one right at this very moment. We want to help you make it better. We will do all that we can to respect your situation and help get things back to the way they should be.
Would You Like a Free, All-Cash Offer on Your House?