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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

  • Overall pretty good, knowledge and response pretty quick. listing strategy need to improve little bit. and wish really help me thru the all the buying process.. I bought with builder but had some issue, hope he also involve more part to it, especially the CLOSING process.

    wangyix4 Avatar
    wangyix4
    6/16/2020

    Kevin was such a pleasure to work with! He was very patient with us and found us exactly what we were looking for in very little time. Everything was handled with the upmost professionalism. I highly, highly recommend working with Kevin and his agency.

    philneece Avatar
    philneece
    5/22/2017

    Everyone at Team Nelson is great! Because they don’t charge to sell your house allows you to be more flexible with your pricing which makes it easier to sell your house. Top notch....6 stars if possible.

    R.P. Wilson Avatar
    R.P. Wilson
    12/11/2018
  • Kevin and the Nelson Team were absolutely professional, available, and attentive, and made the process totally predictable. I would highly recommend and would use them in the future.

    aglushko 02 Avatar
    aglushko 02
    2/23/2019

    Super easy transactions thru the Nelson Team in all phases of selling/buying a home. Love their expertise!Eugene & Jewel Cobb

    Eugene Cobb Avatar
    Eugene Cobb
    12/11/2018

    kevin Engelbrecht and Your Home Free Team Nelson have earned a lifetime customer. I have bought and sold many homes in my time and NO ONE compares to Team Nelson. They worked so hard for me and my family and truly cared about my experience. Their number one focus was customer service to ensure me...

    Shawn Yerks Avatar
    Shawn Yerks
    10/24/2017
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