Selling your home can be an exciting time, but it can also be filled with stress, unknowns, and a lot of waiting. If you’ve never sold a house before, you’re probably wondering what to expect with the selling process. Even those who have sold homes before may find that some things vary with each sale. Here’s a look at what to expect when selling a house in Dallas, Texas.
It Can Take A Long Time
You’ve heard that some houses just fly off of the market. That means they get an offer in the first few days of listing. While this does happen for some houses, it’s not typical. Homes in Dallas spend an average of 27 days on the market before an offer is accepted.
Another critical part of the selling timeline is closing. It can take quite a while to close the sale after an offer is accepted. Closing on a home is when the mortgage is complete and the property’s title passes from the buyer to the seller. This process typically takes 30-45 days, but it can be shorter or longer in some circumstances.
During those 30-45 days, the buyer has a two-week period called due diligence. This is where the buyer typically performs a home inspection and does anything else they feel they need to make sure the home they are purchasing is worth what they’re paying. The lender will also order an appraisal to ensure the house isn’t overpriced.
If all goes well with due diligence and there are no hiccups with the mortgage process, closing should occur as scheduled. This means that an average home sale in Dallas takes 72 days from listing to closing, with 27 days on the market and a 45-day closing period. Many home sellers aren’t prepared for how long it can take to sell a house.
The Seller Pays Real Estate Agent Commissions
Buying your house was obviously a considerable expense, but many people don’t realize that selling your home can be pretty expensive too. The seller is typically responsible for paying real estate agent commissions, which can total 5 or 6% of the sale. If your home is selling for $300,000, that’s as much as $18,000 out of the proceeds from your home that go directly to the agents.
Joe Homebuyer Dallas Offers An Easier Way to Sell Your Home
Selling your home in Dallas doesn’t have to take months or cost you thousands of dollars in commissions. Joe Homebuyer Dallas offers the fastest and easiest way to sell your house in Dallas, Texas, and the neighboring cities, including McKinney, Fort Worth, and Highland Park. Simply tell us a bit about your home, and we’ll make you a cash offer in as little as 24 hours. We can close in as little as seven days, and you won’t pay a dime in realtor commissions or other fees.
Our team of professional home buyers will walk you through every step of the process so you can sit back and relax, knowing that your home sale is in good hands. Fill out this simple and quick form on our website to get a no-hassle, no-obligation, all-cash offer on your Texas home today!