More than 1.3 million residents call Dallas, Texas, home. Dallas is the third largest city in Texas and the ninth largest in the entire United States. Located in the northeastern portion of the state, Dallas is part of the Dallas-Fort Worth metropolitan area. Dallas is a transportation hub with five significant interstates running through or around the city. Additionally, the city is home to an inland port, large railway lines, and the Dallas-Forth Worth International Airport. Residents and visitors can navigate the city without a car by utilizing the Dallas Area Rapid Transit system.
Dallas is home to major companies like Verizon, Nokia, T-Mobile, and Texas Instruments. Other major corporations like American Airlines, Dr. Pepper Snapple, and Kimberly-Clark employ thousands of residents. Fun fact: Dallas has more shopping centers per capita than any city in the United States.
The city spans 385 square miles. Dallas is a 30-minute drive from Fort Worth and a three-hour drive north of Austin. Don’t plan on any white Christmases in Dallas. The city averages just 1 inch of snow per year. The city averages 39 inches of rain per year. Expect hot summers with an average high of around 95 degrees Fahrenheit and humidity levels at just under 70%. Winter lows hover about 36 degrees Fahrenheit.
Understanding the neighborhood where you’ll buy or sell a property is critical. The real estate industry has a well-known phrase: location, location, location. When you’re buying or selling a property, the one thing that can’t be changed is the location. You’ll want to choose wisely. If you’re selling your property, highlighting the benefits of your neighborhood is a great way to attract buyers. If you’re purchasing a house, a closer look at the community will help you understand the market and investment potential more clearly.
Need to sell your home fast? Get an offer from Brick, fast!
Whether you’re moving on a deadline or you just want to speed up the sales process so you can move on faster, we can help. We offer:
Fast, fair offers: The average home sits on the market between 25 and 30 days. Once your home is under contract, it can take up to 45 days to close. At Brick, we’ll make a fair, cash offer within days.
No closing costs: Selling a home can cost several thousand dollars when you factor in realtor fees, closing costs, and repairs. You won’t have any of those expenses when you sell to Brick.
No walkthroughs: Don’t worry about scheduling open houses or walkthroughs. We purchase homes as-is. We can even buy properties sight unseen. We also buy properties in any condition.
Close in days: Instead of waiting a month or more to finalize your sale and move on, sell to Brick. Once you accept the cash offer, we can close the deal within days.
Housing Market Trends in Dallas, Texas
The housing market in Dallas, Texas, is very competitive. Many homes receive multiple offers and waived contingencies. The average home sells for about 4% over the asking price. At publication, the median sales price for a home in Dallas, Texas, is $455,000, and the average home stays on the market for 15 days.
Home sales are trending downwards, with 17.3% fewer sales this year than in the same quarter in 2021. However, the median sales prices have increased by more than 13%. At this same time, in 2021, the median sales price for a home in Dallas was $386,667, and the average home stayed on the market for 23 days.
Sales prices have seen a significant jump in the last five years. In July 2018, the median sales price for a home in Dallas was $305,000, and homes stayed on the market for 28 days. Historically, the highest number of home sales occur between April and August, while December through February has the lowest number of sales.
Tips for Selling Your Home Fast:
Significant life changes don’t always come at the most convenient times. Selling your home may be a desire, or it might be a necessity. Whether you’ve decided to start a new life across the country on a tight deadline or are just ready to ditch your investment properties, managing your sale the right way is essential. Check out these helpful articles for navigating the quick sale of your house:
- Need to sell a home quickly to avoid foreclosure?
- When you need to sell your home fast, what are your options?
- How to sell a house that needs work when you don’t want to do it.
Critical Tips for Selling Your Home:
Selling your home(s) can be difficult, but it doesn’t have to feel overwhelming. Taking a few minutes to prepare for the sales process can make a difference when it comes time to part with your house. Here are a few things to consider:
Why are you selling?
Before you list your house or contact us for a cash offer, it helps to know why you’re selling your home. Identifying the why helps with sales, including setting expectations for a sales price. It can also help you emotionally process the transaction to let go of your property.
Sellers offloading an inherited property, downsizing, going through retirement, or selling because of a divorce, should consider whether their emotional attachment could make the sales process more difficult. We’ve noticed that buyers who are overly passionate about the sale are more likely to:
- Ignore staging advice
- Overprice the home
- Respond irrationally to lower offers or requests for repairs
- Fail to market to their target audience
If you’re selling because you want to liquidate your investment properties, you may need to consciously withdraw the idea of control over what happens to the property once you sell.
What are your selling needs?
Once you’ve identified why you’re selling and identified ways to emotionally detach from the sales process, it’s time to think about your needs during the sales process. Which of these are concerns you have about your upcoming move?
- Cost of relocation
- Access to equity in your property
- Ability to provide seller financing
- Time to pack and move
- Cost of realtor fees and closing costs
- Cost of repairs
- Finding a buyer to purchase the property as-is
- Desire or ability to manage walkthroughs and appraisals
Many sellers spend as much as 10% of their sales price on repairs, fees, and closing costs. Are you comfortable or able to let go of that money to sell your home on the traditional market? If your home needs extensive repairs, you may need to pay for repairs or make concessions on the sale price. If you’d rather avoid appraisals and negotiating with buyers, selling your home for cash could be a better option.
Prepare for signing and closing
Signing and closing are the most anticipated parts of selling a house. This final step makes everything official. The process can vary depending on whether you sell your home through the traditional market or with an ibuyer.
If you sell your home on the traditional market, the sale can fall through at any point before closing. Complications with appraisal or funding could delay a sale. In worst-case scenarios, a deal could fall if a buyer isn’t approved for financing, or the lender refuses to fund the loan because the property appraises for less than the offered amount.
You’ll meet with the lender and the buyers during closing and sign paperwork to finalize the sale. Before the final paperwork, your property undergoes an appraisal and inspection. The agent will do a title search, and you’ll complete any repairs or other concessions. Once the closing paperwork is filed and the title is transferred into the seller’s name, the home is no longer yours.
When you work with an ibuyer, the closing process is a little different. The process is much faster because there are fewer hoops to jump through. We offer more flexibility for sellers, including the ability to control when you move out. We don’t require inspections or appraisals, and you won’t have to worry about our financing falling through. We can help you sell your home in days instead of weeks.
What does Dallas, Texas have to offer:
As one of the largest cities in Texas, Dallas offers many activities and events for residents and visitors. Dallas also offers easy access to different locations with comprehensive transportation and one of the busiest airports in the world.
Some popular attractions in and around Dallas include:
- Dallas Museum of Art
- The Dallas Arboretum
- Six Flags- Texas
- Dallas Zoo
- Dallas World Aquarium
- Klyde Warren Park
- Reunion Tower
- Dallas Cowboys
- White Rock Lake
- George W. Bush Presidential Center
- Frontiers of Flight Museum
- Cedar Hill State Park
- Epic Waters Indoor Waterpark
- John F. Kennedy Memorial Plaza
- African American Museum of Dallas
- Trinity River Audubon Center
- Dallas Farmers Market
- Katy Trail
- Sea Life Grapevine Aquarium
- LEGOLAND Discovery Center
- Winspear Opera House
- International Bowling Museum & Hall of Fame
- Bachman Lake
- Lakeside Park