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6 Selling Options for DFW Homeowners in 2022

Donnie Keller

I was born November 2, 1952 and raised on a dry land wheat farm in Western Kansas...

I was born November 2, 1952 and raised on a dry land wheat farm in Western Kansas...

Mar 8 6 minutes read

State of the Market for DFW Homeowners Looking to Sell:

Home sales (and values) have been surging nationwide thanks to low interest rates, high buyer demand and record low inventory.  2021 home values in the DFW area shot up an average 16% last year and are now almost 10% higher. Selling your home now will result in more money in your pocket than 12 months ago. However, this can be a double edge sword depending on your plans after the sale.

What's your Next Move?

 If you are moving out of state with less expensive homes, then you are a big winner. Also, the same goes for those moving into an existing 2nd (or 3rd) home that they already own.
If sellers that want to purchase another home and use the funds from the sale to purchase another.  You 100% have to understand all your options so you aren't scrambling to find your next place. There have been numerous recent stories of local homeowners that run into some serious issues with finding their next home because they aren't set up for success. What's the #1 bit of advice I give to everyone? Know ALL of your options. Otherwise, you are in risky business. 

"Panic Mode" vs. "Planned Mode" How do we buy and sell at the same time?

Reata Realty Group has 6 different options below that will solve the buying and selling of homes at the same time, with less stress and risk.  

Take look and see which one will work for you.

1.  Cash Offer:

✅What does this mean?
This is not a typical "low ball" cash offer of 70-80% below the home value.  This is a competitive offer!

Who is this a good fit for?
Homeowners who must move very quickly or just don't want to mess with getting the home ready to market and don't want to deal with the hassle of a traditional sale.  This is the easiest way to sell your home but you'll pay for the convenience.

Who should not choose this option and why?

Anyone that needs to maximize the net proceeds from the sale of the home.

2. Enhanced Listing- Similar to the Traditional Sale:

✅What does this mean?
This is for a home that will benefit from repairs or upgrades and will have an excellent ROI (return on investment) to maximize the sales price and net returns to the homeowner.  Funded by short-term signature loan that's paid off at closing.
 


Who is this a good fit for?

Anyone who wants to maximize the sales price and sell quickly.  Most "move in ready" homes under $500,000 are selling in less than 1 week.

Who should not choose this option and why?

Anyone that has a home to sell that's in poor condition.  (If the cost of repairs and upgrades are more than 25% of the retail value).  Example; you have a home that would sell for $400,000 if it were market ready, but it needs $100,000 worth of work to reach that price.

3.  Trade In Program:

✅What does this mean?
For sellers who are wanting to upsize or downsize but need funds from the sale to purchase another home.  You basically trade in your old home for a new home using the equity of the old home.

Who is this a good fit for?

Anyone wanting to sell and buy at the same time.  People downsizing or upsizing.

Who should not choose this option and why?

Anyone with less than 20% equity in their current home.  Anyone moving out of the local area.

4. KEEP Program program:
✅What does this mean?
You're not selling the best investment you currently own.  We work with Knox Financial who will facilitate a loan for the purchase, so you can make a non-contingent offer using equity in the current home.  Then Knox manages the current home as a passive income investment property. Knox handles everything, tenants, insurance, rents etc.  You get a quarterly statement and your income check.  You get a monthly positive cash flow and benefit from the appreciation of the property.

Who is this a good fit for?
Anyone who owns their current home free and clear and wishes to benefit from  monthly positive income and increased appreciation.  Remember, on average homes increased 16% last year.

Who should not consider this option and why?

Anyone who has less than 40% equity in the current home.

5.  Cash Offer Financing:


✅What does this mean?
Our preferred lender will arrange it so that you can make a non-contingent offer with an underwritten loan approval for the purchase, and an all-cash guarantee on the current home.  They will do this with 1/2% fee

Who is this a good fit for?
Anyone wanting sell and buy at the same time.  

Who should not choose this option and why?

Anyone who has a home in poor condition, rural and ranch properties, or high end luxury homes and estates or vacation homes.

6. Traditional Sale:


✅What does this mean?
This is the traditional sale and generally this option will net the home seller the most money.  This would be for sellers who are not interested in purchasing another home at the same time, or relocating.  Our marketing is successful and our average days on market is 5 days and 105% of list price.

Who is this a good fit for?

Anyone who has a market ready home.

Who should not choose this option and why?

If you timeline is so tight that you need cash for sale ASAP. (A major life event has struck or something else unexpected.)


Your Next Steps?

Having flexibility is really important for our clients. That is why we have gone above and beyond to provide as many choices as possible for homeowners who place the trust in us to find their next home.

If moving in the next 12 months or sooner can be an option for you, contact us today. 




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