Dallas Real Estate FAQ

Top family neighborhoods include Highland Park and University Park (Highland Park ISD - among Texas's best schools), Southlake (Carroll ISD), Frisco (Frisco ISD), Coppell, and Plano. School district quality is the primary driver for families choosing a neighborhood.

The typical timeline is 30-45 days from accepted offer to closing. The search phase varies widely - some buyers find homes quickly while others take months. Being pre-approved and ready to act when you find the right home speeds up the process significantly.

Buyers should budget 2-5% of the loan amount for closing costs. On a $500,000 home, expect $10,000-$25,000 in closing costs including lender fees, title insurance, prepaid taxes/insurance, and other fees. Some sellers may contribute to closing costs.

Yes! Texas offers programs including TSAHC (up to 5% down payment assistance), My First Texas Home, and local programs through the City of Dallas Housing Department. Learn more about Dallas first-time buyer programs.

Dallas property taxes range from 2-2.8% of assessed value depending on exact location. Dallas County, Dallas ISD, and other taxing entities combine for total rates. Highland Park has notably lower rates around 1.9% due to its wealthy tax base. On a $500K home, expect $10,000-$14,000 annually.

Dallas rates are similar to Austin and Houston overall. Some suburbs like Frisco have higher rates due to newer infrastructure bonds, while established areas like Highland Park have lower rates. Always verify exact rates for specific addresses.

The homestead exemption reduces your taxable value for your primary residence. You get at least $100,000 off for school taxes, plus additional exemptions from the county and city. This can save thousands annually. You must apply after purchasing.

Dallas has strong investment fundamentals: corporate relocations (Toyota, CBRE, etc.), steady population growth, no state income tax attracting businesses, and a diversified economy. Suburbs like Frisco and McKinney offer good rental potential. Read our Investment Guide.

Market conditions vary by neighborhood and price point. Luxury areas like Highland Park remain competitive due to limited inventory. Suburbs have more inventory giving buyers more negotiating power. Contact us for current market analysis in your target area.

Dallas attracts relocations due to: corporate headquarters moving from California (Tesla, Oracle, Toyota), no state income tax, lower cost of living than coastal cities, strong job market in tech/finance/healthcare, and central US location with major airport.

Average days on market varies by neighborhood and price point, typically 30-60 days in current conditions. Well-priced homes in desirable areas like Highland Park or Southlake can sell faster. Read our Selling Guide.

Sellers typically pay: real estate commissions (5-6%), title insurance for the buyer, prorated property taxes, any negotiated repairs, and HOA fees if applicable. On a $500K sale, expect $30,000-$40,000 in total seller costs.