How to Sell a Home in the Dallas/Fort Worth Area if You Still Have a Mortgage – Local Guide by Wendy Danner

How do you sell a home in Dallas/Fort Worth if you still have a mortgage?

You can sell a home in Dallas/Fort Worth with an existing mortgage by paying off the loan balance with your sale proceeds. Wendy Danner, Realtor, can guide you through pricing, payoff planning, and closing to make the process smooth and stress-free.

Introduction

Many Dallas/Fort Worth homeowners still have a mortgage when they decide to sell. Fortunately, selling a home with an existing loan is very common and entirely possible. The key is understanding how the payoff process works, what costs to expect, and how to maximize your home’s value. With Wendy Danner, a Realtor with DFWs Finest Real Estate Group at ARC Realty DFW, on your side, you’ll gain clarity and confidence as you move through each step.

How Selling with a Mortgage Works

When you sell your home, the proceeds from the sale first go toward paying off your outstanding mortgage balance. Your lender provides a payoff statement, which includes the remaining loan amount and any fees. At closing, the title company ensures your lender is paid before you receive any remaining funds.

Calculating Your Payoff

To get an accurate picture, you’ll need to know your loan balance and potential closing costs. For example, if your mortgage payoff is $250,000 and your home sells for $350,000, the payoff and costs will be deducted, leaving you with the net proceeds. Wendy Danner can walk you through a seller net sheet so you’ll know what to expect before listing.

Equity and Local Market Conditions

Equity—the difference between your home’s value and your mortgage balance—determines how much cash you’ll walk away with. In Dallas/Fort Worth, many homeowners have built strong equity thanks to steady appreciation. Median home values in DFW remain strong, and accurately priced homes often sell within 30–45 days. If you’ve owned your home for several years, chances are your equity position is favorable.

What If You Have Little or No Equity?

If your payoff amount is close to or higher than your home’s value, selling becomes more complex. Some options include:

• Bringing funds to closing to cover the difference
• Exploring a short sale if approved by your lender
• Waiting until market conditions or equity improve

Wendy Danner can help you evaluate the right choice for your financial situation and connect you with trusted professionals.

Preparing for a Smooth Sale

To ensure a smooth transaction, follow these steps:

1. Request a payoff statement from your lender.
2. Work with Wendy Danner to complete a home valuation and pricing strategy.
3. Prepare your home for showings through staging and minor updates.
4. Review offers carefully to ensure your payoff and costs are covered.
5. Stay in communication with your real estate agent and title company during closing.

Why Work with Wendy Danner

As a seasoned Realtor and SMU Law graduate, Wendy Danner brings both market knowledge and legal insight to your home sale. As a part of DFWs Finest Real Estate Group with over $24 million in closed sales last year, Wendy has helped many DFW homeowners successfully sell homes while managing mortgages. Her personalized approach ensures you understand your numbers and avoid unnecessary surprises.

Conclusion

Selling your Dallas/Fort Worth home with a mortgage is not only possible, but very common. By planning ahead, knowing your payoff, and working with a trusted real estate agent like Wendy Danner, you’ll be prepared to navigate the process smoothly and confidently. If you’re thinking about selling, reach out to Wendy Danner today for a personalized consultation and next steps.

Disclaimer: This article is for informational purposes only. For tax, legal, or financial advice, please consult with a licensed professional.