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    Cash is King

    Dallas-Fort Worth real estate experts share how to stand out as a buyer

    CultureMap Create
    Apr 22, 2021 | 12:30 pm
    Opendoor home for sale
    Money talks, especially in real estate.
    Photo courtesy of Opendoor

    So many people are moving to Dallas that it's become one of the hottest housing markets in the U.S. And with low mortgage rates, low supply, and high demand, home prices continue to climb, with the median list home price up 8.6 percent across Dallas compared to last year.

     

    Whether it’s your first home or your fifth, all buyers need a competitive edge to help them stand out, especially in today’s market. Unsurprisingly, sellers favor cash offers for the certainty of their home sale. In fact, 36 percent of home sales are all-cash.

     

    To help DFW homebuyers have a competitive edge in today's market, Opendoor introduced a cash-backed offers program to make it possible for everyone to reap the benefits of being an all-cash buyer. Opendoor enables buyers to present the certainty of an all-cash offer to a seller, free of financing, appraisal, and home sale contingencies, even if you need a home loan. Buyers don't need to drain their bank accounts upfront, either for a downpayment or full offer.

     

     Buying with a competitive advantage
    According to Chris Westrom, Opendoor's regional general manager in Texas, all-cash offers are more likely to be accepted in a competitive market, as they provide sellers with a stronger sense of certainty.

     

    "Buyers who have made offers with Opendoor’s cash-backed offers program have an average acceptance rate that’s 50 percent higher than those who made offers without our cash backing," he explains.

     

    Buying a home with Opendoor is managed fully online and through its app, which is the preference of 75 percent of homebuyers that the company surveyed. But the added benefit here is that you have a team of experts behind you every step of the way.

     

    There's no extra work, no surprises, and no additional costs. Opendoor provides qualifying buyers the benefits of an all-cash offer while allowing them to skip the many hurdles required by other companies, such as a full pre-underwriting process or charging extra fees.

     

     Good news for sellers
    But it’s not only buyers who can reap the benefits — sellers can too. Robin Keating was commuting 45 minutes to work, so she and her husband decided it was time to move closer to their jobs. They found the perfect place in Euless, which was more centrally located between both Dallas and Fort Worth, but needed to sell their current home first.

     

    "We really wanted a simple solution that bypassed all of the stressful steps of an open market: negotiation with buyers, cleaning and staging our home, and hosting open houses," says Keating. "We also wanted to move quickly and stick to our agreed upon timeline. Opendoor provided us with the most competitive all-cash offer. From start to finish, the entire process was a breeze."

     

    Now, Robin commutes only five minutes to work and absolutely loves it.

     

    For Dallas-Fort Worth residents who may be looking to buy or sell, Opendoor empowers homeowners to move quickly, easily, with certainty, all on their own timeline. Go online or download the app today to find out more.

     

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    Pets News

    Dallas ranks as 2nd most pet-friendly place to rent in 2024

    Amber Heckler
    Jul 7, 2025 | 11:43 am
    Pet friendly apartment, cat
    Photo by Huy Phan on Unsplash
    Rentals in Dallas that allowed pets leased three days sooner than units that didn't allow pets.

    A new market trend report from Zillow has confirmed that pet-friendly rentals are leasing much faster than non-pet-friendly units, and Dallas' rental market had the second most pet-friendly rental listings on Zillow in 2024.

    The report, called "Saying Yes to Pets Helps Landlords Find a Tenant Faster," analyzed more than 11 million rental listings that appeared on Zillow last year to discover the share of pet-friendly rental listings in the biggest U.S. metros. The report also calculated the median number of days it took for pet-friendly units to find a tenant faster than those that did not allow pets.

    The Lone Star State led the nation with the most pet-friendly rental listings on Zillow out of all 50 states last year. Nationally, only 57 percent of rental listings in the U.S. allowed pets, which is a disappointing amount when compared to the major Texas cities.

    The data revealed Dallas has a deep appreciation for pets, with 79 percent of rental listings in the city allowing tenants to have furry best friends.

    Dallas fell second only to Austin, where pet-friendly rentals accounted for 80 percent of all citywide listings on Zillow in 2024. San Antonio ranked right behind Dallas with the third highest share of rentals that allowed pets, at 78 percent. Don't mess with Texas pets, y'all.

    Surprisingly, Houston appeared at the bottom of the list as the U.S. metro with the smallest share of rental listings that allowed pets, at just 38 percent.

    The report additionally found that pet-friendly rentals in Dallas were leased three days faster than units that don't allow pets. For comparison, it took about eight days for the median U.S. pet-friendly rental to lease sooner than its non-pet-friendly counterpart.

    In a separate survey of the "typical American renter," Zillow discovered more than half of renters declined to lease a certain property because it didn't allow pets.

    "Renters have more leverage than in quite some time after last year's multifamily construction boom, and the data show allowing pets can make a difference in leasing out a unit quickly," the report said. "The median renter is getting older, and more renters now have a pet. Nearly six in 10 renters are pet owners, up from 46 percent before the pandemic."

    In Austin, rentals that allow pets lease 10 days sooner than non-pet-friendly units, and that number slows down to six days sooner in San and just one day faster in Houston.

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