Costs of Selling Your House Yourself in Dallas Texas

If you’re thinking of selling your own home without the help of a real estate agent, then you are probably doing your up-front research and thinking about what expenses you might incur. In this blog post we’ll review the costs of selling your house yourself in Dallas or even in Alabama or Colorado so you know before you begin!

Selling a house. If you sell through an agent, you’ll incur costs such as commissions and fees, on top of all the regular costs, which is why some people choose not to sell their house through an agent but instead sell it themselves.

If that’s the case, it’s good to know what you will incur in terms of costs of selling your house on your own in Dallas. This list will help you…

How much does it costs to sell your house by owner.

#1. Making those repairs

Often, the biggest costs associated with selling your house is the one you didn’t realize you’d have to pay – repairs and upgrades! You see, many homeowners want to sell their house exactly like it is. Many don’t want to buy a house like that!

Sellers try to put a lot of effort into doing the renovations on their house just so a buyer will even consider buying it! It’s a home you want to sell, and you don’t want to spend a lot of money on it, and yet many sellers are forced to spend tens of thousands and weeks or months of time on fixing it up.

#2. Campaigning!

Another cost you’ll incur is a marketing cost. This is a cost that most agents will cover themselves. But without the help of an Realtor, you’ll have to pay for marketing costs yourself.

There might not be a lot of costs, or these costs could be very high; it depends on how popular your house is to sell. You need to get the word out there so you might be paying to do so.

#3. All Those Expenses

Agents charge a a hefty commission for their services. And if you don’t sell with the help of an agent then you won’t pay those.

However, there are other fees that aren’t associated with the agent that you may have to pay – such as attorney fees, titles fees, closing fees, etc. (It depends on where you’re selling in Dallas.

#4. The Most Valuble Asset

One of the biggest expenses of selling your home yourself in Dallas is not monetary, it’s time. If you’re selling your home yourself, you’ll need to make your repairs, market the home, show the home, negotiate with buyers, and complete the paperwork.

This all takes effort and all that time could have a financial cost if you have to take time off of work, for example. So make sure you factor it into your consideration.

All In All

Selling your Dallas house yourself lets you save money on commissions and fees while remaining in control of the process. However, there are still costs so make sure you’re aware of them.

If you want to work with a legitimate real estate company in Dallas, contact us today!

What Should I Sell My Dallas House For?

Most people have trouble figuring out what to sell their house in Dallas for. This is probably because they feel as if it’s anybody’s guess as to what a house is worth. That’s not the case at all. Every house, in ever market has a great value estimation for what their house can sell for. Whether you’re selling a house in Dallas, Denver or Nashville, this blog should help you figure out the market value of your house.

What are things I should look for when getting market value of a Dallas house?

1. Appraisals

If you want it done right, simply hire a professional Appraiser. During a home sale, the bank that makes the home loan normally selects an appraiser to render an opinion about the value of real estate as of a specific date. They’ll use actual properties that have sold for the basis of their evaluation. This isn’t a “I just think it’s worth X amount” process. It’s a calculated disciplined approached with real numbers. Watch the video below to find more about “How To Hire an Appraiser”:

What Does Price Per Square Foot mean?

This is simply dividing the price the house sold for by the total square footage of the house sold.  The reason why the price per square foot method is a poor method to determine market value is because every home is unique in Dallas.  While homes are similar in terms of size, bedrooms, bathrooms and location location location add or subtract value as well. There are so many factors that aren’t taken into consideration when using the price per square footage way of determining market value if this is done by an amateur.

My Friend Said I Should Use Zillow, Is That Accurate?

There are many homeowners who really think that “free online home estimators” are going to be 100% correct. Sometimes they can be drastically off!  If I were to receive a dime every time I heard a Dallas home seller say, “But I know Zillow said my home is worth more,” I’d be the next Bill Gates by now. Okay not that much but it would be a nice vacation at least.  Anyhow, one of the worst methods to determine the market value of a home is using online market value estimators like Zillow.

There are several websites that offer home value estimators just like their are tons of websites offering free credit scores. When is anything every truly free when it comes to finance services? Some of the most popular websites that homeowners visit to find out the value of their home are now household names and used daily and people are confused as to why no buyers show up to their Dallas open house.

If you think about it for a moment, how can a website that is not located in your local area and that has never been inside your home determine the market value of your home.  It’s impossible for a homes market value to be accurate since these online websites have no clue what is currently happening in your local real estate market or what the condition of your home is.

There is currently a lawsuit going around as to whether Zillow’s home value “Zestimates” are accurate or not and are scaring off buyers.  Don’t just depend on an algorithym that’s automated to tell you the truth about your own house. You have to remember it is virtually impossible to know the exact neighborhood and condition of every house in your neighborhood just based off that.

All in All

At the end of the day, use a professional such as a real estate appraiser or real estate agent to determine the value of a house. “You get what you pay for”, for a reason!

If you’d like to list, sell or buy a house in the Dallas, Texas area, contact your local Dallas real estate expert Vogt Texas Real Estate!

How To Capitalize On A Dallas Seller’s Market

This is an article that’s all about how to sell your house in a Dallas Real Estate Market and how to capitalize on it! It’s your turn as the seller to reap the benefits of a seller’s market. In 2011-2012 that was the best time to buy a house, now it’s the best time to sell in Dallas.

It’s simple supply and demand in this business. You just have to know what to do when the time comes. Many real estate agents left the business in a buyer’s market because the demand for buyers was so high that they couldn’t wait it out 45+ days before earning a commission. Now you probably hear that everyone is getting into real estate because you can “make money money fast”. You see this in the stock market too.

We have to back up and say that just because you’re in control as a home seller, doesn’t mean you should try and take advantage of people or the situation. Do what you can with respect to the fact that people are still looking for a home. They are in the same position you were in when you were a first time home buyers. That’s going to be the majority of clients Realtors bring to see your house.

Here’s an example of a fantastic Realtor you should choose in a Dallas market.

Now let’s get into the actual action steps you can take to sell your house fast, on your time frame, for the right price and to the perfect buyer for your Dallas home.

1. Give Into Some Concessions.

Another component, other than price, is the conditions that are also placed on the sale. Think about the closing costs, inspections and appraisal fees that’ll occur. These are what the buyer might ask for in a deduction of an asking price. You as the seller can ask for things that benefit you too. Like that you’ll only sell the house in “as is” condition.

2. List Your House High, and Lower Later.

Remember what we said about supply and demand? You can ask a higher price because Dallas buyers don’t have as many choices available to them when it comes to inventory. Take advantage of the seller’s market is to simply ask for more money and see what happens. Worst that can happen is lowering your price a week later.

 

3. Create A “Buyer Frenzy”.

When you only have one offer, you can get desperate to accept it. When you’re presented with multiple offers from multiple buyers, you are the one in power, and you can also negotiate from a position of strength. Generate multiple offers by getting a lot of interest and only accepting offers at a certain time. Then put all offers on the kitchen table and see which one really is “highest and best”.

In Conclusion In This Post

That’s how to take advantage of a seller’s market in Dallas for home selling. If you’re selling your house in Dallas during a seller’s market, use these tips to take advantage of the situation and enjoy a higher return, the addition or removal of conditions, and multiple offers to choose from.

If you cannot handle selling with a Realtor or selling For Sale By Owner, find a private home buyer in your state that can buy your house without you having to pay commissions.

What Is a Dallas Real Estate Investor?

If you want to know what a Dallas Real Estate Investor is, then let’s go into defining it.

Real Estate Investor -The service offered by a Real Estate Investor is not for the homeowners who want the market value for their real estate property. That is the truth. If your home is in perfect condition and has its payments caught up with the mortgage, then the best course of action for you is to sell your house with a realtor. A good real estate investor will should always be honest when they cannot buy your house, and they will have the resources to refer you to a good realtor.

Real Estate Investors are here to help the people who NEED THE HELP. For example if the house needs a lot of work, is in pre-foreclosure, if your behind on taxes/payments, dealing with a divorce, moving out of state, a landlord who had tenants trash the place, or have a estate that has been inherited or is in the probate process. The homeowner cannot or does not want to sell the home through a local realtor because the homeowner does not have the time or does not want to pay for realtor commissions. That is why we provide a service, to the people who need help with a fair cash offer that can close fast, on the date of the homeowners choosing.

What is a “fair cash offer”?

The offer is based off the condition of the house. If the house is completely destroyed the investor takes the cost to fix the home out of the offer price. They will pay for exactly what the house is worth as an investment. They are particular about what kind of offer we present to the seller because most of the time they are buying the home to develop it into a brand new home or clean it up to be presentable to a renter. They then take a home that has not been cared for and turn it into something a new homebuyer will want to buy.

We, the Dallas Real Estate Investor, are the only reason that we have new housing developments for people to have a new place to call home. As we all know Dallas has been developing more and more into a larger city. Without real estate investors there wouldn’t be new apartment buildings in the tech center, there wouldn’t be renovated homes made to look like new in the best part of town, there wouldn’t be the development of entire neighborhoods in Parker with brand new homes.

How to find the right investor for your situation?

The Real Estate Investor along with others around the country, profession has always been hidden and looked down upon because they are all told by realtors that we are doing something wrong or illegal. The service is legal as long as the investor does not act as a realtor by listing the home. Investors are constantly bullied out of written agreements with sellers that need the help because realtors swoop in and tell the seller that we will low-ball them. But in reality realtors tell sellers often that they are capable of getting full market value for their home. Unfortunately not every seller can get full market value on his or her house because the homes value has depreciated with wear and tear. Also there are many sellers who are able to trade part of their equity in order to close the sale of their house quickly. Investors are trusted to provide convenience with the sale of someone’s home.