The 10 best cities to sell a house by Derek Miller on Apr 3, 2017, 12:55 PM Advertisement
 When looking to sell their house, most owners probably want to make a profit and sell the home for more than they paid for it. But the selling price isn't the only factor to consider, there are hidden costs when it comes to selling a home. And if it takes a long time to sell a house or if the closing costs are exorbitant, the math may change on how much money the seller gets to pocket. We considered these factors and others when determining the best cities to sell a house. In order to find the best cities to sell a house, we considered five factors. We looked at the change in median home value, the percent of homes in the area sold at a loss, the average number days a home sits on the market, the closing costs and the number of real estate offices per 1,000 residents. Read the data and methodology section below to get a better understanding of how we used our data to create our ranking. Key Findings - Two states race – Two states, Colorado and Texas, claimed nine out of the top 10 best places to sell a house. If you're looking to sell your home and you reside in one of those states, you may be in luck.
- Tough sell in the Northeast – There's only one Northeast city in our top 25. One reason for that is that closing costs tend to be higher in the Northeast region. Boston, the aforementioned representative, has the third-highest closing costs in the top 25.
SEE ALSO: 9 things that crush the value of your home DON'T MISS: 7 pieces of homebuying advice you can't afford to ignore 10. Portland, Oregon  Portland, Oregon narrowly beat two other Northwest cities – Seattle and Eugene, Oregon – to close out the top 10. If you are new to the home selling process, Portland is not a bad place to be. The city has 1.33 real estate offices per 1,000 residents. That’s the fourth-highest rate in the top 10 and the 30th-highest rate in the study. One potential drawback to selling in Portland is that the city has the third-highest average closing costs in the top 10 at $2,676.
9. Dallas, Texas  Selling your home in Dallas is a lot like selling your home in Plano or McKinney. The home sits on the market for a relatively long time (50 days on average) but you can expect to make some money once it sells. Median home values in Dallas rose 4.48% from 2011 to 2015. That’s the 21st-largest change in the country.
8. Plano, Texas  Situated between McKinney and Dallas is Plano, Texas, the eighth-best city to sell a house. With its low price-to-rent ratio, Plano is one of the best cities to buy a home. It’s even less likely to sell a home at a loss in Plano than it is in McKinney. Just 0.6% of homes here sell for a loss. For a clearer picture that means if 200 homes being sold in Plano, only one of these would be expected to sell for a loss. However, one downside of the selling process in Plano is that it may take a little while to get a home here off the market. Our data shows that homes in Plano sit on the market for an average of 50 days.
See the rest of the story at Business Insider
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