If you’re a retiree considering a Dallas home sale to downsize or simplify your next chapter, you may have leverage you don’t realize in your family home despite shifting DFW real estate trends.
The Texas real estate market has slowed with inventory rising and a supply buildup that’s pushing the Lone Star State housing market more towards a buyer’s market, according to a Texas Real Estate Research Center report.
Although buyers may have more options due to a larger supply of homes in North Texas, homes may be on the market for a bit longer. However, they are still selling.
If you’re looking for a fast, stress-free sale, the top Dallas real estate team at House Hunters of Dallas, which has been doing business since 1985 in the DFW metroplex, can provide a streamlined as-is home sales process tailored to meet your specific needs. Let’s explore DFW real estate market trends and how you can reach your home sale goals.
Will Population Growth Continue in Texas and Attract Dallas Home Buyers?
Between 2020 and 2024, Texas had the third-highest population growth rate in the country. A strong housing supply in the face of the population surge helped housing price increases remain low. Post-pandemic remote workers who relocated to a different state cited housing as their reason for moving.
An analysis asserts that the lack of state income taxes and a competitive fiscal environment should help sustain population growth. The Lone Star State remains a leader in housing supply, which continues to attract potential homebuyers.
Furthermore, experts expect mortgage rates to stay locked into the 6% to 7% range in 2025. This stabilization is prompting many buyers to jump in and purchase a home, instead of waiting for rates to fall.
If you’re wondering, “Should I sell my home in Dallas?” a quick as-is cash sale with the seasoned House Hunters team takes the worry of meeting a flood of buyers’ expectations off your plate.
How Home Equity Can Jumpstart a New Journey — Even in a Buyer’s Market
When you’ve worked hard for many years and are finally able to retire, it makes perfect sense that you want to begin your next chapter as soon as possible.
If you’ve lived in your home for a long time and have a low-to-no mortgage balance, the home equity you’ve accumulated can help fund your new phase in life.
Whether it’s traveling across the country in an RV, downsizing to save money, buying a smaller place outright with cash, or renting to avoid costly home maintenance, you can use a home equity calculator to determine how your home sale proceeds can jumpstart your retirement journey.
Once you know how much home equity you have, you can consider your selling options and explore ways to utilize your newfound funds.
On the upside, if you’re looking to buy another place, your hard-earned home equity might help you negotiate a better price in the evolving buyer’s market.
Buyers Can Be Choosier in the Current DFW Real Estate Market
In the sellers’ market everyone had grown accustomed to, housing inventory was low, and buyers engaged in bidding wars to purchase a house that, in many cases, minimally met their needs, such as the number of bedrooms, bathrooms, specific neighborhoods, or in-demand school districts, to name a few.
Under so much pressure, home buyers often made concessions, waived inspections, and bought homes with outdated features or in need of repairs to ultimately “win” the sale.
Currently, the Dallas housing market has 5.4 months of inventory, and the greater Fort Worth area has 4.2 months of inventory, according to the Fort Worth Report.
In a more saturated market, buyers can be choosier and take their time looking for a house that better suits their wants and needs.
Reasons You Don’t Want to Renovate Before Selling
With so many houses to choose from, sellers may need to renovate to remain competitive and attract homebuyers.
House Hunters of Dallas co-owner and licensed realtor Eileen Petroski knows from experience that minor cosmetic updates won’t easily satisfy a buyer, given the current circumstances.
“The real estate trends now are that buyers are demanding homes to be updated, and they are willing to pay for it, so just making modest repairs many times will not cut it,” Petroski said. “You’re almost better to sell as-is or completely remodel, or you may be wasting your money on minor cosmetic updates that the seller might not like anyway.”
Additionally, if you need to sell or move quickly, renovations of any kind, especially extensive ones, often require a significant amount of time — sometimes several months. Supply chain disruptions can lead to even longer delays.
In the current economic environment, prices on everything have increased. Therefore, it’s likely that upgrading items such as kitchen and bath cabinets, flooring, and lighting will incur higher costs.
In opting for an as-is home sale, House Hunters of Dallas buys homes in any condition. So no repairs or renovations are required. This quick and convenient sale saves you time and money on renovations that may not yield a return on your investment.
Enjoy a Stress-free Sale in Any Real Estate Climate
If you’re already aware of the shifting real estate landscape and have noticed Dallas homes for sale that have lingered for a while, you may have wondered, “Can I even sell my home fast in Dallas?”
The knowledgeable House Hunters of Dallas team buys homes as-is, which accelerates the sales process and helps ensure a smooth, stress-free sale in any DFW real estate climate, while also fostering a lasting relationship.
“You have to feel like you are getting value for your sale,” Petroski said. “It’s not just price, it’s also ease of sale, someone who will do everything they say they will.”
“I have references from hundreds of customers whom I bought their home — and I keep in touch with some. They know they can call me for real estate advice long after they sell to me even if they have moved away or are not currently selling their house to me,” she added.
Contact House Hunters of Dallas, if you’d like to learn more about doing a quick cash sale.
This article was created by an external contributor. Members of The Dallas Morning News editorial and news staff were not involved in the creation of this content.