It’s important for you to understand who you’re competing with when it comes to selling an old property. It will position you in a much better and prepared way. There are many differences between selling an old and new property, including the potential market value and final sales price, with newer properties selling at substantially higher prices for obvious reasons. However, that does mean that selling an old property is a complete waste of time.
With a more thorough understanding of the differences between old property and new, the current available inventory, and recent sales history, you’ll be armed with the necessary information. If you’d like to learn more about these differences, read on as we explore the five differences between selling an old property and a new property in Dallas.
Carrying Costs
Carrying costs, or holding costs, is one of the significant differences between selling an old property and a new property in Dallas; typically, older properties cost more energy, maintenance, and unexpected repairs. You may also be carrying traveling costs and the expenses of another property if you’ve moved before selling. Professional buyers like those at North Texas Cash For Homes can help you understand the potential costs.
At North Texas Cash For Homes, our professional buyers provide a guaranteed closing date, often within days.
Rarity
Another difference between selling an older home versus a newer one in Dallas is that older properties tend to have an architecture with distinct features; if very few like yours are available, you could demand more. The professional buyers at North Texas Cash For Homes can help you understand your market position, target buyer, current market value, potential carrying costs, and more to help you decide on the best way to sell your property.
Modernity
More modern technology and up-to-date safety in the materials used in new properties make them more desirable. This difference between selling an old property and a new property in Dallas may mean that improvements are necessary to compete.
At North Texas Cash For Homes, our professional buyers buy properties as is, so there’s no need for the cost, hassle or time involved in improving your property.
Market Saturation in Dallas
If older properties are flooding the market, you may need to adjust your sales price or make improvements to stand out. What makes your home standout over the others? If your home is located in a diverse location, like Dallas, then you are well aware of how many newer homes are being built around you. Buyers will always choose a newer home unless it’s not in their price range. So if you’re willing to sell your home for a much lower price, then you should be good to go.
Professional buyers like those at North Texas Cash For Homes can help compare what you’d profit by listing as-is or making improvements vs. our offer for a direct sale. At North Texas Cash For Homes, our professional buyers will detail every figure used to make a cash offer that you’ll agree is fair.
Layout
Newer homes conform to more modern trends in Dallas. Most of the older homes might be built with stronger bones, but the layouts are clunky and inefficient. Homeowners like for their homes to have an open-concept kitchen for entertaining guests as well as a large walk-in closest in the master bedroom. Another thing that has changed since covid is the fact 3 bedroom homes are becoming obsolete. More and more people are working from home and 3 bedrooms won’t work for a family with kids plus both parents working from home. It is now becoming more of a necessity for buyers to look for homes with a minimum of 4 to 5 bedrooms to accommodate the extra office space.
Here at North Texas Cash For Homes can help determine if your property requires remodeling to current standards. At North Texas Cash For Homes, our professional buyers know this may be one of the largest transactions of your lifetime, and we want to help you make an educated decision about selling. We are your neighbors here in Dallas and we are transparent at North Texas Cash For Homes because we want you to feel good about working with us long after you’ve left the closing table.
Professional buyers at North Texas Cash For Homes know the differences between selling an old property and a new one in Dallas. When you sell directly to a professional buyer at North Texas Cash For Homes, we make it easy and uncomplicated. At North Texas Cash For Homes, we’ll walk you step by step through the process, saving you time and money with our full-service in-house professionals. At North Texas Cash For Homes, we handle every transaction phase without closing costs, commissions, or hidden fees. If you have questions or concerns, including a request for a specific closing date, talk to one of the pros at North Texas Cash For Homes today without any obligation. Call North Texas Cash For Homes at 214-761-3150.