New Report Gives Insight into the Homeselling Experience in Texas
Texas Realtors Share Observations on Sellers' Knowledge and Other Factors when Selling a Home.
AUSTIN, Texas, March 19, 2025 /PRNewswire/ -- Two-thirds of Realtors in Texas said that the majority of sellers they worked with in 2024 had a moderate amount of knowledge about the real estate market, according to the first-ever Texas Homeselling Experience Report released today by Texas Realtors.
The report, which presents a snapshot of members' experiences with seller-clients, revealed that 20% of Realtors worked with a majority of sellers who didn't know much or anything about real estate market activity or price trends, while 12% said a majority of their seller-clients had extensive knowledge of sales activity and prices.
"Our members have a unique perspective on the homeselling process," said Christy Gessler, Chairman of Texas Realtors. "Their close interaction with sellers gives them great insight into what is working, where the challenges lie, and what is important to homesellers in Texas today. It's clear that sellers can benefit from the knowledge and experience Texas Realtors bring to the selling experience."
Slightly more than half of Realtors said they had clients whose recent renovations made the property easier to market, but 11% reported at least one client with a remodel that made it harder to sell the home.
While 20% of members had a client who undertook a remodel that increased the sales price more than the project cost, 26% reported working with a seller who spent more on the remodel than the increase in selling price.
Most Realtors reported that clients acted on their home-preparation advice, with 68% saying sellers made repairs they recommended before putting their home on the market, and 59% saying clients took their advice on specific staging tips.
Fifty-six percent of Realtors had clients who were concerned they would not be able to sell their home in time to move on their desired schedule. Over a third (36%) of Realtors heard clients express doubts about successfully coordinating their sale with the purchase of a new home, and 25% had clients who worried something might happen between contract and closing to lose the buyer.
Almost three-quarters (74%) of Realtors reported working with one or more clients who thought their properties were worth at least 10% more than the Realtors' market analysis showed. But only 7% said the homes actually sold in that higher price range.
"Pricing your home right for the market is key," said Gessler, "but that's just one of many factors required for a successful sale. That makes it essential for clients to rely on the expert guidance and advice of a Texas Realtor."
About the 2024 Texas Homeselling Experience Report
The 2024 Texas Homeselling Experience Report covers experiences Texas REALTORS® had with their clients who were selling homes in January through November 2024, regardless of whether a sale was completed. The survey was sent to a random sample of Texas REALTORS® members. With 463 member responses, the survey has a margin of error of +/- 4% at the 95% confidence level. All answers in this survey come from REALTORS® and indicate the REALTORS®' observations and opinions.
About Texas REALTORS®
With more than 140,000 members, Texas REALTORS® is a professional membership organization that represents all aspects of real estate in Texas. We are the advocate for REALTORS® and private property rights in Texas.
CONTACT
David Gibbs
Hahn Agency
[email protected]
SOURCE Texas Realtors
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