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4 Factors That May Impact How Quickly You Sell Your Dallas Home

Why isn’t my home selling? This is a question often asked by homeowners whose homes have been on the market for a while. Our Flower Mound real estate agents know how frustrating it can be – and we also know the four factors which often impact how quickly you sell your Dallas home. These include location, price, condition of the home, and economic conditions.

Whether you live in Flower Mound, Denton, Highland Village, Frisco, or another area in the Dallas-Ft. Worth metro, here’s our thoughts on the four factors which influence how long your home stays on the market:

Price. Homeowners often price their homes based solely in relation to other homes in the area. Your realtor should help you understand how to price your home so that it is neither too high or too low, taking into consideration its location, condition, and the performance of the overall market.

Location. We’ve all heard it before; location, location, location. When it comes to selling your North Texas home, location is key, particularly in regards to pricing. In order to sell a home in a location considered “inferior” (such as next to a fire station or on a busy street), you may have to compensate by discounting the price a bit. On the other hand, a home with a prime location can bring more than similar homes with inferior locations.

Condition. The condition of a home is a huge factor in its selling price. It’s easy to assume that comparable homes which offer the same amenities, location, size, architectural features, etc. would sell at the same or similar price. Unfortunately, this is not the case. A home that needs painting, repair to the roof, or that the owner has decided to paint using some “wild” colors that the average person wouldn’t be happy with, will not sell at the same price. Either the price should be reduced, repairs/upgrades made, or a combination of both.

Economic conditions. Recessions and booming markets have been a factor in real estate throughout history. When the market is declining, home prices often have to be lowered a bit in order to sell. In a booming market, home owners can often price their homes higher, particularly when demand is high and supply is low.

Ultimately, your Flower Mound real estate agent should work with you and take into account all four factors when determining a price which will help your home sell quickly.

Thinking of selling your Dallas area home? Call the professionals at Team Nelson today; we are dedicated to helping you get the most out of your home!

What People Are Saying

  • We just purchased our first home with the help of Team Nelson and I can't say enough good things about them! When we wanted to take a few months to look and understand the market, they were happy to go at our slower pace, and when we needed to move quickly to secure the contract they were right on...

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    tranteryost
    3/02/2016

    Bill's team was able to sell my house in 4 days (cash offer) and they were able to secure an amazing new home for my Family. Kelly was amazing helping with all the required paperwork and the repairs. Casey was always available for us to view homes and get us inside the residence. I was impressed...

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    jsasman5
    3/20/2017

    Bill and his team are great to work with, both in helping us first find a rental property when we moved to town and as we began looking at purchasing a home!

    Matt Forslund Avatar
    Matt Forslund
    12/11/2018
  • Team Nelson was great to work with from start to finish. We used Team Nelson to sell our house and help negotiate the purchase of our new home. They did a fantastic job on both transactions and saved us a ton of money! Bill and team were very knowledgeable, professional, expeditious, and friendly. Would highly recommend Team Nelson if you are in the market to buy, sell or both.

    J R Avatar
    J R
    12/11/2018

    Bill and Andra are some of the most knowledgeable and honest realtor's you will ever meet. What a GREAT team!!! I will use them for all of my real estate needs.

    Bill Blackshear Avatar
    Bill Blackshear
    12/11/2018

    The Nelson Team was GREAT !!!! They sold our house in less than 24 hours. The first offer did not work as the buyer chose a different house but the second offer was even better. It saved us over $2000. We are loving our new house.

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    user1375608
    6/11/2015
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