The Dallas real estate market is currently booming — and timing is everything when it comes to getting a great deal for your house. Read our guide to find out when the best time to sell your house in Dallas is.
So, you're thinking about selling your Dallas home, but when exactly is the best time to sell your house? Due to seasonal fluctuations in demand, timing is a very important factor and should certainly not be overlooked if you're hoping to get a great deal for your property. Listing your house at the ideal time could help you sell quickly and at a price you're thrilled about.
Trying to time the market for the most optimal outcome can seem overwhelming--where do you even start? That's why it's so important to partner with a top-performing local real estate agent that you can trust for the job. Clever can help.
Here's what you need to know about the best time to sell in Dallas.
Best Time to Sell in Dallas
Dallas has become a popular place to purchase real estate in, and for good reason; this city is ripe with opportunity to find good paying jobs with a lower cost of living. There are a variety of reasons why the Dallas real estate market is on the rise; the cost to run a business is far lower, taxes are lower, and quality of living is certainly higher, which is why people are flocking to Dallas, causing the area's job market to boom.
If you're considering selling your Dallas home, these next few months are an opportune time to stick up a “for sale” sign on your front lawn. Recent forecasts for the housing market suggest that home prices in the Dallas area could potentially rise faster than the national average in 2019. That's great news if you're ready to list your home this year.
Even more good news for you; Zillow has ranked Dallas as one of the top ten “hottest” housing markets of 2019.
In the beginning of the year, the median home value for Dallas, Texas averaged about $201,000, which, according to data collected by Zillow, was a gain of more than 13% from the previous year.
So, what does all this mean for you? Housing analysts are predicting a continued home-price growth throughout 2019, meaning you will have no trouble at all listing and selling your Dallas home this year for a nice profit.
In terms of annual home-value appreciation, the Dallas real estate market is even expected to outperform the nation this year — and given the current rate of appreciation, it would not come as a surprise to see the median house price in Dallas rise somewhere between 7% and 10% over the next year.
Best Season to Sell
According to Zillow, the best time to list a Dallas home is early May, between May 1st and May 15th. Zillow research also suggests that U.S. homes listed in late spring typically sell almost two weeks faster than the average listing in the year. The final selling price of homes during this time is on average $2,400 more, compared to listing at other times.
If you're looking for even more guidance for when to put your home on the market, studies show that the most optimal date to list in Dallas is May 9th. Yep, they've got it down to the day for you.
Not quite ready to sell your home by that exact date? Don't fret; studies also determined the ideal day of the week to list your home, which is on any given Saturday.
Putting your home on the market on or close to the weekend will help maximize the number of times your home is viewed on Zillow in the first few days of it being listed.
The largest number of home shoppers will see a given listing within its first week on the market-- and capturing early interest on your home as quickly as possible will increase the likelihood of a speedy sale.
Key Factors That Help Dallas Homes Sell Faster
Dallas is ranked one of the top destinations in the country for buyers (second only to Florida). This might not necessarily be good news for you as a seller; with all that competition out there, you may find it hard for your house to stand out from the sea of other listings.
Lucky for you, we have a few tricks up our sleeves for making your house pop in the eyes of the buyers.
Location is key if you're looking to attract more offers and sell fast. Dallas buyers are searching for homes within close proximity to their jobs. If you are situated near a large building complex, or live Uptown (a popular area for millennials and empty nesters), be sure to mention that in your listing to gain more interest.
3 Tips for Maximizing Your Profits When Selling a Home in Dallas
1. Consider Your Specific Market
If you are looking to sell quickly, setting the right price for your home could help out tremendously. The sweet spot for Dallas homes is between $200,000 and $350,000, which is dependent on the area you live in.
When setting an optimal listing price for your Dallas home, a good place to start is to do a Comparative Market Analysis (CMA); this compares similar current, expired, and sold listings in your area in an effort to effectively price your home to receive top dollar.
Learn More: Understanding a Comparative Market Analysis
2. Make Impactful Repairs and Renovations
A great way to attract more offers to your property at a faster pace is by investing in repairs and renovations. Choose wisely on what you deem as worth updating. You'll want to consider the benefits of allocating money into each smart home upgrade because the value should outweigh the money put into it.
First, you will want to take care of any structural issues your home may have, such as repairing a faulty roof. Although costly, that is one repair you'll need to invest in to sell your house fast. Obvious structural problems will reduce your home's value and might even prevent your home from selling.
First impressions hold a lot of weight to potential home buyers. Make sure you have excellent curb appeal before showing your house; if your walls require a fresh coat of paint, that's a minor repair you can easily accomplish — and prospective buyers will take notice.
Focus on the kitchen; people spend a lot of time cooking and possibly eating in that room, so make sure it feels homey. Paint worn cabinets in a clean white; this will help your kitchen feel larger and more open to potential buyers. You should also replace old cabinet pulls and knobs — and if your faucet looks a bit dated, replace those as well.
Learn More: 6 High-Value, Low-Cost Repairs for Home Sellers
3. Find a Great Real Estate Agent
In order to maximize profits on the sale of your home, you'll need to do more than just time the market accordingly. There are many factors to consider, and you need to ensure you are doing everything you can to get the best price possible — uncovering cost savings opportunities along the way.
Experienced real estate agents have a vital role in helping to achieve your goal of selling your home for top dollar.
Clever Partner Agents are all top-rated in their local markets; they're full-service, and come from major brands and brokerages such as Keller Williams, Century 21, RE/MAX, etc. To make the home selling process a bit easier, they've agreed to offer Clever clients significant discounts for the exact same level of service and support.
Simply fill out the online form; a Clever rep will be in touch shortly to answer your questions and connect you with a local Partner Agent for a no-obligation consultation.