This is a trick question.

Let's start with some facts.  

Selling a house around Dallas, TX involves more than 15 different industries.

  • Realtor
  • Title Company
  • Insurance Company
  • Mortgage Company
  • Home Inspector
  • Surveyor
  • Appraiser
  • Engineers
  • Plumbers
  • Electricians
  • HVAC Specialists
  • Foundation Companies
  • Home Warranty Companies
  • Contractors
  • Couriers
  • Notaries
  • Attorneys
  • CPAs
  • Photographers
  • Stagers
  • Administrators
  • Movers
  • Relocation Companies
  • Scheduling Companies
  • Alarm Companies
  • ...and more. 

Selling a Dallas home involves hundreds of documents and thousands of signatures.  Hundreds of decisions need to be made by the sellers.  These home selling decisions include price and closing terms, but extend well beyond these items.  Many of these pivotal decisions determine how well protected you are during and after the sale of the home.  Nobody wants to find out three years after the sale of their house that they are still liable for an increase in property taxes or for a mistake in the documentation related to the chain of ownership.  

Who pays for the survey?  Did the earnest money get delivered on time?  What was the point of earnest money anyway?  What is the termination option period, what is the appropriate amount for this and why would I ever allow that?

As of today there are 30,729 single family properties for sale in north Texas.  Selling a house in Dallas in the current market requires a multifaceted, technologically advanced and proven expert marketing plan.  

Let's look at reality.

A very very small percentage of people are successful selling a Dallas area home by owner.  National research shows that less than 5% of for sale by owner (FSBO) sellers actually sell their own home.  Nearly 40% of that small number knew the buyer personally before the transaction.

Dallas FSBOs fall in line with the national averages when it comes to sales price as well, selling at 31% less than agent represented sales.  This is why the amount of FSBOs nationwide fell from 14 percent to 10 percent over the past 8 years.  

94% of home buyers rated responsiveness as very important when buying a home.  

81% of home buyers admit to not understanding the home buying process.

98% of home buyers view real estate agents as a good source of home buying information.

Let's get to the point.

Selling a Dallas home without a highly trained, highly dedicated and highly experienced Dallas real estate agent is possible, but it is simply not very likely.  Contrary to what some may believe, selling a Dallas home is not easy.  The marketing, technology, expertise, network, experience, resources, education and plan required to effectively sell a Dallas area house are quite significant.  Without a full time commitment to these necessary elements, a Dallas home owner or even a less committed Dallas real estate agent are up against tremendous odds just to sell a home not to mention getting top dollar.  

So, How hard could selling my Dallas area house really be?

It is extremely difficult to sell a Dallas home on your own.  It is possible, but you would need to have or acquire many resources and skills.

It is equally as challenging, but exponentially more likely to sell a Dallas home and to sell that Dallas home for maximum value if you are represented by a full time, dedicated expert Dallas Realtor team.

 

Todd Tramonte

The Todd Tramonte Home Selling Team