Has anyone here sold a house quickly in Dallas recently?

Posted by miked0331@reddit | Dallas | View on Reddit | 37 comments

I'm trying to find the fastest realistic way to sell without it taking months. I know it depends a lot on the area and the condition of the house, so I'd like to hear what actually worked for people here. Did you go with an agent, price it lower for a quicker sale, or use a cash buyer?

For context, I'm helping with a 3-bedroom, 2-bath home, about 1,600 sq ft, in average condition. It needs some minor updates but nothing major. The goal is a simple and quick sale without too much back and forth. I've also looked at an agency called Turner Home Team, they seem to buy houses directly for cash and close faster, but wanted to hear real experiences before deciding anything.
Any advice?

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Peaches0k@reddit

We just bought a house that was on the market maybe 24 hours. The price was right and it had everything we wanted

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Traveshamockery27@reddit

Price. There are twice as many sellers as buyers in Dallas right now. Inventory is higher than it’s been since pre-COVID and rising. Many Dallas owners have never experienced a buyer’s market and are in for a rude awakening when they’re confronted with the reality that their “equity” is fake and prices are dropping fast.

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Fit-Classic-9295@reddit

Huh? Never experienced a buyers market? Are you new here? 😂.

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Traveshamockery27@reddit

Do you know what a buyer's market is? Dallas has been booming for over a decade. People freak out when their home doesn't sell in a week. They're accustomed to multiple offers over asking. Now houses are sitting and they're understandably panicked.

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Fit-Classic-9295@reddit

I totally need my coffee 😂. I misread and thought it read sellers. My apologies

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No_Host_8024@reddit

Prices aren’t dropping, let alone fast.

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Traveshamockery27@reddit

Talk to me in three months. Sellers are worried. People are making offers contingent on selling their own house and sales are falling through as a result.

"Fast" is a relative term in real estate. But if you look at the pricing history on Zillow you'll see properties have been listed then delisted at lower prices, or the price dropped by 5-8% to attract interest.

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Fit-Classic-9295@reddit

Good. They jacked up when Cali companies started moving in and then the mass exodus of everything during Covid sure didn’t help.

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Justme-itsjustme@reddit

What, this cannot be - the DCAD tax assessment algo says our values are sky rocketing!

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flerchin@reddit

I just got my tax assessment in the mail and it went down.

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stokr22445@reddit

Where

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Takagi@reddit

Not the person you are replying to, but mine went down in Irving.

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reuthermonkey@reddit

Which address though

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UmaTora@reddit

Mine went up in Irving 😩

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flerchin@reddit

Your mom's house. Gtfo I'm not doxing myself. Dcad

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TeamImpossible4333@reddit

🤣😮‍💨

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Kseniiaukraine@reddit

Mine went down as well, but historically over the past decade it’s been up 2 years down 1 year for the most part, so I expect next year to be up.

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ninjamike808@reddit

We told our realtor to find an investor and we accepted a low offer. That’s the only way.

The houses we were looking to move into had been off and in the market for a year or more. Some are still sitting and we’ve been here for ~7 months.

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LalalaSherpa@reddit

Bot. Reported. Downvoted.

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tacmed85@reddit

Wait, Turner Home Team? Are y'all the jackass's that keep blowing up my phone asking if I'll sell my house? God I hope you can't sell what you buy and end up bankrupt. Sooner rather than later ideally

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Notmugsy13@reddit

Yall the poster is a bot, look at their post history. They post in all kinds of different cities with all kinds of questions. I dunno if they’re farming for karma, or getting answers for AI or what but it’s definitely not a real person.

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civil_beast@reddit

Likely a media research consulting group looking to get market data on customer awareness of turner home bla bla.

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Chronosshotgun@reddit

Currently selling a house, with a realtor. On market for 30+ days and only 2 showings, which is the same pattern most people I've spoken to in the DFW area face.

Your options are

1) Realtor, slow sale

2) iBuyer, fast sale

iBuyers are generally the investment guys who will offer 70% market value after repairs and refresh, they pay cash and close quick. In a depressed market they might only offer 50% market value, since they can already pick a lot of premium options.

Any realtor who claims they can magically sell your house fast either has a good investment agency they're going to turn you over to, or are liars. Think of it this way - with the market as flooded with houses to buy as it is right now, if _any_ realtor had the magic 'for sale today, gone tomorrow' button, every single person would flock to them. Hell I'd break my current contract, including the fees, if someone could promise me 90+% market value and an instant sale.

I'm happy to recommend my realtor, if that helps.

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TeamImpossible4333@reddit

OP is trying to get people to sell to Turner House Team…obviously

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moby17761776@reddit

FYI - this is a bot post and disguised advertisment.

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BirdieMyBall@reddit

Which area of Dallas? It's all about listing the home to sell quickly and creating urgency with the 2/10 buyers who are still engaged and ready to transact. If you miss on those buyers... It's a different market selling to the remaining buyers in the pool. Fwiw.. 2 neighbors of mine in North Dallas just sold in less than 12 days for list price and over. Maybe call Zach at Stoller Family Realty, he handled both of those mentioned transactions for my neighbors.. they said the process was solid. Local family brokerage firm that's been around a few decades. GL!

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Appropriate-Big-3250@reddit

List it on the MLS for a realistic price and it should move. Real estate doesn’t sell quickly if pricing doesn’t align with the market. Be upfront with potential buyers about your desire to close quickly. I sold a few months ago in Dallas and closed 25 days after listing.

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Hembalaya@reddit

Unless you need to sell in the next 2 weeks, it’s always better to go with a sale on the market vs a “we buy houses for cash” company. Those companies make their money by buying homes for 30-50% of market value from people who have no idea how much their home is worth.

Take it with a grain of salt since I am one, but a realtor is going to know the best positioning for your home and how to sell it for the best value, and you’ll be out 6% the value of your home for hiring one, instead of 50%.

If you want to chat more and see what your options are, feel free to DM me. I hate seeing people use the cash for keys companies because they rob you of your equity.

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paperhanddreamer@reddit

It really depends on so many factors. Can you tell why you need to sell very fast? There are many ways to sell very fast but most are right that it'll go for much less... usually. What a lot people don't realize is a lot of the "cash buyers" aren't actually buying anything. They get it under contract to close in 30 days then sell that contract to someone else for way more. Your house can be sold multiple times in the cash market without you realizing it. So basically you need to get to the top of the food chain for investors and sell it to the ones who are willing you pay 80-90% of retail, cause they are truly out there. The ones trying to get it for 30-50% off are a lot of times selling the contract to make quick money. Not always but a lot of the times. I hope this makes sense.

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paperhanddreamer@reddit

I invest in the dallas market and speak from experience. There are plenty of ways to get screwed in this market, but also plenty of ways to get a good deal for yourself. You just need to know how the real game works and how to get to the buyers who will pay more.

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Winegrandpa@reddit

Mine sold in 3 days at asking price, 380k in Oak Cliff by Kiest Park. It was not priced low, and had multiple offers. Houses in my neighborhood had been sitting for at least 2-3 months. I did have to replace the roof but it just came out of the proceeds, and I used an agent.

I consider myself extremely lucky. I would not bet on yours selling fast. I also bought a house as mine was selling and I saw so many houses sitting for 120+ days. The one I bought was only on the market for 2 weeks but it was 1) cheap 2) had brand new plumbing/electric/AC.

You can sell fast but an average house that needs updates is not going to do it. The ones that sell fast are the ones that have had significant work done and don’t need major repairs OR the seller will do the repairs. Not because they are priced cheap from what I’ve seen, it’s because the market is saturated with flips and houses that need significant work. Lots lipstick on pigs, anything that isn’t a newer build either needs or will need entirely new plumbing, all the big hail the last couple years have done a number of roofs, foundations are always a problem in Dallas.

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Competitive_Event948@reddit

Do not sell straight cash because you are going to lose at the least 33 % of its value or more. You can sell on your own. Depending on your location that's how you price your home. Look within a five mile radius catchment area around the home that you are selling for similar sized homes and what they are selling for. Thats how you will get a good value on your home. Just get the proper paperwork in order to make the sale, have a title company in mind once you do. Stay away from realtors and flippers, deal with individual owners or contractors that are acquiring homes to either rebuild or raze to build anew.

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mijo_sq@reddit

Just closed on a house. Most quick closers were either in a desirable area, prime condition, or investor special. One was in an area we wanted and it closed on the day it was released.

Do your own marketing, and don't depend on agencies that promote cash for it.

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sobersuburbanmom@reddit

I sold a house about 6 months ago in 13 days. It was priced low for the neighborhood, but not terribly low and we didn’t do anything cosmetic to it. It had no issues but like a dark red living room and flooring needed to be replaced to be “move in ready.”

We got far more than the cash offers we got, like 50k more.

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