Sell your home fast in Fort Worth

With the rise of remote work, the Texas housing market, especially in the Dallas-Fort Worth area, has experienced a significant surge. If you’re a Fort Worth homeowner looking to capitalize on this trend, it’s important to be aware of the changing landscape, especially with the current high mortgage rates. In this guide, we’ll walk you through the strategies to sell your house quickly in Fort Worth.

How Fast Can You Sell Your House in Fort Worth?

In June 2023, homes in Fort Worth sat on the market for an average of 39 days, a 23-day increase from the previous year, according to the Greater Fort Worth Association of Realtors (GFWAR). Additionally, the time from contract to closing added another 31 days. If you’re looking to expedite the selling process, consider the following options:

1. Explore iBuyer Options: Offerpad and Opendoor, prominent iBuying companies, operate in the Dallas-Fort Worth area. They can provide cash offers for your home within 24 hours and close the deal swiftly. Keep in mind, though, that you may not receive as much as you would with a traditional Realtor.
2. Consider Cash Buyers: In April, a Redfin study revealed that one-third of U.S. home purchases were all-cash deals. Numerous companies in Texas specialize in buying homes for cash, allowing you to bypass mortgage underwriting delays. However, similar to iBuyers, the sale price may be lower than with a standard listing.
3. Competitive Pricing: Setting your home’s price slightly below the median can attract more attention. For example, if the median home price is $338,000, listing at $300,000 or $310,000 could lead to a quicker sale, especially if the property is in good condition.
4. Flexibility in Negotiations: In the current market, be open to entertaining offers and understand that bidding wars and significant over-asking sales have become less common. Data from Redfin indicates that homes in Fort Worth are now selling for about 1 percent below asking price.

Selling Your Home in Fort Worth: Considerations

Before listing your home, take the following factors into account:

1. Home Upgrades: Consider cost-effective improvements that enhance your home’s value. Focus on curb appeal for a favorable first impression.
2. Repairs: Address any noticeable issues that could deter potential buyers. A pre-listing inspection can help identify and resolve red flags.
3. Professional Staging: If your home is vacant, investing in professional staging can help buyers envision the space more vividly.
4. Pricing Strategy: While the median sale price in Fort Worth was $338,000 in June 2023, individual factors like size, condition, and location can influence your listing price. Work with a local real estate agent to determine a competitive price.
5. Disclosure Requirements: Texas law mandates that sellers disclose any known defects. If your property is part of a homeowners association, provide relevant documents to the buyer.

Closing Day Costs for Fort Worth Sellers

While Texas doesn’t impose transfer taxes, there are other expenses to consider:

1. Realtor Fees: Typically 5 to 6 percent of the sale price, this is your largest expense. For a median-priced $338,000 sale, it amounts to around $20,000.
2. Title Insurance: This policy cost for the new owner is usually the seller’s responsibility, averaging around $2,000.
3. Concessions: Be prepared for requests to cover a portion of the buyer’s closing costs if issues arise during the inspection.
4. Unpaid Bills: Settle any outstanding property taxes or HOA dues up until the closing date.
5. Attorney Fees: While not mandatory, hiring a lawyer can offer valuable protection in the transaction.

Next Steps

Decide whether you prioritize a swift sale or maximizing profit. If time is crucial, explore iBuyer or cash buyer options. For a more strategic approach, consider enlisting the expertise of a local real estate agent. While the Fort Worth market has evolved, with the right approach, you can still achieve a successful sale.