Jumping into unknown waters is risky especially when selling a house! When you’re considering the best way to sell your house, there’s a lot at stake. Selling a house for sale by an owner in the Dallas market puts tremendous pressure on homeowners. Even when you represent yourself, most buyers will still want to be represented by an agent who is more familiar with the process to make them feel more comfortable. If you are not familiar with the process, it could put you in a bind when trying to understand the lingo. Real estate agents use their experience, marketing tactics, and the latest technology to sell homes for the optimum profit.
Regrettably, many homeowners learn this lesson only after months have passed with only about 11% of FSBO listings selling successfully. Furthermore, those that did sell typically sold for at least 25% less than those listed with an agent, often still paying commissions to the agent that brought their buyer.
It’s important to be aware of what you’re getting into before getting into it, which is the purpose of this article. So, if you’ve been considering diving into the market on your own, read on as we explore how it really works when selling a house in Dallas as an FSBO.
Pricing
Setting the correct listing price has a great deal of impact on the outcome when selling a house in Dallas. Missing the mark on either side, too high or too low, can cause more harm than good. If you list it too high, you won’t have any traffic at all. Then once you start to drop the price, it makes it appear to buyers that you look like a desperate seller and they will come in and lowball you. If you list too low, then you are leaving a lot of money on the table that could have potentially gone into your pocket. It’s important to do your research prior to listing to make sure the price you are wanting is fair. Remember too that most buyers have to purchase homes with a loan that will be requiring the home to be appraised. Just because you list the home at a price you want, it’s still subject to the buyer’s appraisal.
Prepping
Real estate agents understand how important the prep work is when it comes to getting that listed selling price and the role staging plays when selling a house in Dallas; this is why they call in the professionals. Agents walk enough homes and deal with enough buyers to know what most buyers are looking for. If they feel the furniture isn’t laid out in the best way possible to represent the layout of the home, they will know and immediately hire a staging company to prep the home better.
Another important tool agents use to make your home look beautiful and appealing to buyers is by hiring a professional photographer to take bright and wide-angled pictures. Sometimes they even take drone photos to show the exterior layout of the home and neighborhood amenities.
Repairs
The condition of the home is often a significant hurdle when it comes to selling a house in Dallas, especially if the property is older and needs a significant amount of work. The cost of repairs can add up quickly, especially with the cost of materials going up and good labor being hard to find. And that’s not even considering the amount of time and headache that comes along with managing contractors. But if you feel that making any repairs to the home isn’t possible for your situation, then you’re starting to limit the number of buyers who could buy your home. Most buyers are purchasing with a loan that will require the home to have no issues or the buyers don’t want to make the repairs themselves because of how costly and time intensive they can be.
However, if you have been spending restless nights worried about the condition of your home and if you would be able to even sell it in its current condition, we’re here to help you. Professional buyers like us at North Texas Cash For Homes buy houses as-is for cash. Therefore, you can relax because the professional buyers at North Texas Cash For Homes will buy your house directly, taking on all the risks of digging into the repairs, and won’t expect you to pay a penny out of your pocket before the sale.
Time
Often, sellers underestimate the cost of time passing when selling a house in Dallas, known as holding costs. Holding on to the home while you’re trying to sell it yourself or trying to make the repairs can start to add up when you take into consideration paying more mortgages, utilities, taxes, etc. However, if time isn’t on your side, the listing process may not be the best option, especially when buyers fail to qualify for financing after having tied up your property for weeks or months. Suppose you’ve moved before a sale due to job relocation or to be near a family member that has become ill, for example. In that case, you will also be burdened with twice the monthly expenses and may have traveling time and expenses adding to the pressure. Professional buyers like us at North Texas Cash For Homes can provide you with a guaranteed closing date within days or work with you to arrange the best day, and you won’t even pay any closing costs.
Are you selling a house in Dallas? Let the professional buyers at North Texas Cash For Homes and their full-service in-house team of industry specialists work on your behalf to save you money and help make the process smooth, easy, and fast. Ready to learn more with no obligation? Call North Texas Cash For Homes at 214-761-3150.