wondering about resale value for a 1989 built home

Asked by medha217, Dallas, TX Wed Oct 10, 2012

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Roxanne DeBe…, Agent, Plano, TX
Thu Oct 11, 2012
Great Question! Real Estate values differ in different areas. So just to say your home is worth more or less is hard to figure unless we have an exact address. There are other things that go into pricing a home as well. If the home has not been updated it may mean it won't bring as good a price as if it had. However, over upgrading a home in an area that won't value the upgrades may mean a loss in money as well. I have sold meany homes from the 1980's and I can say the ones that have been upgraded so that they are more light and bright seem to sell faster. However, I have found people that like the homes just the way they are, but just not as many. Remember it is buyers who actually set the value of a home. The listing agents job look at comparable homes, sales, and determine the best selling price based on the competition in the neighborhood. (Other Sellers Homes). To give you their experienced and honest opiniion of the selling price. It doesn't mean that the home will sell exactly for that price it means it will be priced right to bring offers on your home and then for the realtor and you to decide on the best course of action. Thank you for allowing the realtor community to be of assistance.
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Sherry Renfr…, Agent, Frisco, TX
Thu Oct 11, 2012
Hi Medha-

You would be surprised at the number of buyers I get that want an older home in the North Dallas area!

If you have the time, I would recommend selecting 2 or 3 real estate agents to come out and give you a market valuation of your home and provide you with information on homes that have sold in your area. The true value of a home is determined by what the buyer will pay then closes and funded. That is the accurate value of your home.

I would be happy to set a time and come out and walk your home and go over the information about homes that have sold.

Please feel free to text, email or call. I would be honored to help you.

Best regards,

Sherry Renfroe
Ebby Halliday Realtors
(214) 215-4145
Mobile Web: m.sherryrenfroe.com
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Dixon Wong, Agent, Dallas, TX
Thu Oct 11, 2012
Hi there,

It all depends. But Dallas is a established city and just like any older city and there will be older home.

As long as your home is in good condistion and well maintained, the general tumbs of rules that you will able to sell. As far as the value, you just have to work with an agent to look for sold sales to do the best we can to see the market is doing now. None of us can predict the future but its like buying stock. You just have to do your best to guess which invesment will give you a stable return and you just have to trust the agent you work with and go for it.

The Dallas market seems to be going up. You can read about an article here - http://www.findyourtexashome.com/2012/10/02/dallas-ft-worth-…

With the low interest rate and raising rent price in Dallas - it only makes sense to buy now.

Please let me know if you need help looking for your new home.

JP and Associate
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Susie Kay, Agent, Dallas, TX
Wed Oct 10, 2012

There are a lot of things to condiser here such as what city is the home in, what subdivision, what updates does it have, number of bedrooms and bathrooms, is it in good condition etc.

Let me know if you need help in either purchasing or selling a property. You can call me at 469-371-2899.


Susie Kay, Realtor®
United Real Estate
III Lincoln Centre, 5430 LBJ Freeway #280
Dallas, TX 78240


Servicing your real estate need is my priority!
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Brent Rice, Agent, Plano, TX
Wed Oct 10, 2012
There are so many other considerations to determine the answer to your question. The value will be based on the sales of similar properties in the immediate neighborhood, the current condition of the home and it's configuration, to name a few....

If you need more specific information to base your decision, contact one of us directly to help you make the best decision for your situation.
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Patrick Jack…, Agent, McKinney, TX
Wed Oct 10, 2012
The value of any property is not determined by the age of the house, but by the location, condition & features of the property. I would be happy to provide you with more information on a specific home.

Patrick Jackson
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Dallas Texas, Agent, Dallas, TN
Wed Oct 10, 2012
Against professional code of ethics for any Realtor make a comment... we can not predict the future. You have to consider HP, UP, M streets, Lakewood, Coppell, have older problems with zero concern for resale value.

Lynn911 Dallas Realtor & Consultant, Credit Repair Advisor

Multimillion Dollar Sales Producer

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