What are the Benefits of Selling a House for Cash?

Selling your house shouldn’t be stressful. There are options. There are benefits of selling a house for cash that most homeowners don’t consider.

Owning a home allows one to build part of their financial security. As the ownership of this asset continues it builds equity. Once you decide to sell your home then this equity becomes available to you for whatever way you want to use it. The decision to sell your home brings with it several options. You can list through an agent or you can list it yourself. Then is one other option and that is selling your house for cash.

Benefits of Selling a House for Cash

what are the benefits of selling a house for cash

If you have ever sold a home in the past you have the basic knowledge of the process. Most likely you went through this while using a realtor. While there are some advantages to this method there are also some negative aspects to it. Selling a house for cash means you don’t have to deal with the downside of selling a home in a conventional manner.

Fewer Selling Expenses

When selling a home there are certain costs that you have to incur. Many people don’t give this much thought as they just seem to be acceptable when selling a home. They do add up and saving on these is just one of the benefits of selling a house for cash.

Advertising Fees

Many home sellers now are venturing into selling their home themselves. They are not using the services of realtors. This means they have the cost of advertising their home. This takes knowledge and money to run effective ads, even if it’s just in the local papers.

No Realtor Fees Is One of the Advantages of Selling a House For Cash

no fees is a benefit of selling a house for cash

If one goes with the standard method of selling their home this means they will list it with a Real Estate Agency. Upon a successful sale, 6% of the sale is the average amount that will go to the realtor. Not having to pay this is another one of the advantages of selling a house for cash.

Reduced Legal Fees

There will still be some legal fees when selling your house for cash. These may be reduced. Often with a standard sale, there may be the legal fees to draft the mortgage. This is when you as the owner are taking back a mortgage for the new buyer which is quite common. With a cash sale, this doesn’t occur so you may be saving money here.

Your Other Expenses

Many times individuals who sell their home have some debt that they want to clear with the funds from the sale. If you place your house on the market, there is no telling when it will sell. It could take weeks or months. During this time you are most likely paying some hefty interest on your debts. The sooner you can get cash in hand the sooner you may be able to clear these and save on the interest expense. In addition to that, you won’t have to spend more money making repairs to your house. Cash buyers will buy your house as-is.

Speed of Sale

fast closing is a benefit of selling a house for cash

Selling a house for cash fast is another one of the benefits of selling a house for cash. You don’t have the uncertainty of knowing when your house is going to sell. Taking advantage of the benefits of cash offers on a house allows you to close your sale much quicker.

There are some individuals that are selling because of specific circumstances. For these individuals, the benefits of selling a house for cash are highly important to them. For some, they may be re-locating, because of their job situation. This often has time constraints to it, and having the house on the market using traditional sale methods can be a big inconvenience.

For others, they are in a tough financial situation and this really creates the need for a fast cash closing. Again, another one of the benefits of selling a house for cash. Most buyers that are purchasing a house with cash favor a quick closing. This works out well for the individual who is need of money as quickly as possible.

Convenience is Another One of the Benefits of Selling a House for Cash

Real inconveniences can arise when selling with traditional methods and using a realtor. It is difficult to keep the home spotless and showing well every single day. The realtor will constantly be bringing prospective buyers through the home. This can interfere with the family lifestyle. Then there may be the inconveniences of open houses where the family has to leave the home for several hours. On top of this will be the negotiating of potential offers. These often go back and forth and can be stressful and time-consuming.

Fewer Hassles

Fewer complications is another one of the great benefits of selling a house for cash. Even when an offer is signed in a traditional sale there can be some tense moments. Waiting to see if the sign back offer is accepted may do is one of them. Another is when you have accepted conditional offers. This may be dependent on the buyer getting financing, or their selling of their home.  When you opt for selling a house for cash fast, you don’t have any of these issues to deal with.

Fast Cash Closing Buyers

There are already potential buyers waiting and ready to conduct a fast cash closing. This is another one of the benefits of selling a house for cash. You don’t have to wait for this type of buyer to come along. Many home buyers are always looking for homeowners who are looking at selling a house for cash fast. These are reputable individuals. They know what the fair market value of your home is and are willing to make a reasonable offer. You may think it is a little low, but before keep in mind all of the benefits of selling a house for cash.

Don’t forget you will be enjoying some additional savings with a fast cash closing. You will have your money from the sale much quicker so you can look after your other financial needs. You won’t be going through the stress and hassles that come with selling a house in the traditional way.

You are making a wise choice when you decide to capitalize on the benefits of cash offers on a house.

Want to Benefit from Selling Your House for Cash?

get the benefits of selling a house for cash

Don’t waste your time watching your house sit on the market. You don’t have that time, and we understand that. At Icon Advantage Resources, Inc., we specialize in quick home sales for cash. That’s the benefit of selling a house for cash and working with us!

No matter what condition your house is in, we’re here to help you out. We’ll get your house closed, and write you a check on the spot! Call us today to get a no obligations quote for your house, or just to get your questions answered. We’re always happy and ready to talk! Contact us at 832-663-7099.
 

The information presented in this article is for educational purposes only and should not be considered legal, financial, or as any other type of advice.

How to Sell a House That Needs Repairs Without Fixing It

Many home sellers ask themselves whether they should sell a house that needs repairs. Some feel that they will be able to sell for a higher price. That way they will get their money back from the repairs. Others just cannot fathom being able to sell an ugly house.

This is a question that can be answered in different ways and takes some thought before coming to a decision.

Can You Afford the Repairs?

affording to sell a house that needs repairs

Chances are if you want to sell an ugly house you are in a position where you can’t afford house repairs. This may create a frustrating situation for you. Some houses need minor repairs such as a few wall repairs and some painting. Then there are others that own a home that is in need of serious repairs. The roof may need to be done and perhaps the electrical components need updating. These, as well as other major repairs, can be really costly.

If you are wanting to sell a house that needs repairs, it could possibly mean that you are in need of some quick cash. Trying to sell your house as-is may not be an easy task if you are going to go through the traditional methods. This would be putting it on the market and listing it through an agent.

It May Not Be a Good Idea to Do the Repairs

If you are going to sell a house that needs repairs, then be prepared to make an investment. This may be one that you will not get back with the sale. A lot of buyers do so with the intention of doing their own renovations. If you have just completed some interior repairs these may not be of any advantage to a potential buyer.

Selling Your House As-Is

It may be a lot easier to sell a house that needs repairs than you may think. There are buyers out there who make a cash offer for ugly house transactions.

Disclosure

You are going to want to disclose the defects of the home as best you know them. It may be that you inherited the home and are not aware of all its faults. You may be compelled by law to disclose what you do know. Every home has its flaws. You want to point out the ones that are major and may not be readily seen by someone viewing the home.

Your Responsibilities

If you are going to sell a house that needs repairs, then you won’t have any obligations to do any of the repairs that are required. The potential buyer may have a home inspection done. Usually, if they are prepared to buy as is they won’t go that route. They are aware that a home inspector would find the repair issues that they are already aware of. There are some home buyers who really are looking for those who want to sell a house as is. This is because they are prepared to do a substantial amount of work not only for the repairs but for major remodeling. They feel they can get a buy like this at a better price. Then, with what they can save on the purchase they will use to re-do the home to their exact liking.

The Right Cash Offer For Ugly House Sale

get cash and sell a house that needs repairs

While you may have decided to put the house on the market as is, you may have some issues with some buyers. There may be those that want to do the major repairs and renovations, but still need to finance the purchase. There can be some issues with this as a lot of lenders are not keen on loaning money for this type of purchase. The lender may ask for a home appraisal. You may be thinking of asking more than the house is appraised at. In this case, some buyers will not qualify for the purchase if they are borrowing.

Another option that will most likely be available to you is a buyer who can walk in and pay cash for the home. This way there are no concerns for the buyer having to arrange financing. If you are intent on going ahead to sell a house that needs repairs then this type of buyer is your best.

The Advantages To Decide To Sell A House As Is

By not selling in the traditional manner you are not going to have all the headaches of the repairs. Then also to consider with this of a cash offer for an ugly house contract is the time. It takes a lot of time to get all the repairs done. If you can’t afford house repairs and were planning on doing it yourself, this will be even more time consuming.

The “sell a house as-is” opportunity really is your best option. That is if you don’t want to go through the hassles of listing your home. Even if the housing market is hot you may not be able to sell quickly because of the need for repairs.

If you are in need of quick cash and want a deal that is going to close quickly a cash sale is ideal. The decision to sell a house that needs repairs is really your best option. This is especially true if you are in need of quick cash. Plus, you want the deal to close quickly. If you accept a cash offer for ugly house sale then you are most likely going to save additional money. This means you won’t have to pay the regular listing fees.

Rather than put your house on the market with the intention to sell a house as is, do some research. You may find that there are potential buyers in your area that buy these types of houses regularly. These are professional investors that will make a fair deal with you based on the condition of your home. They are well aware of the prices of homes in your neighborhoods. They will take this into consideration when giving you a cash offer for your home.

If you really want to get rid of your home quickly selling for cash as is will be the quickest action you can take. It will probably be a decision that you won’t regret. This type of house selling comes with a lot less hassles.

Need to Sell a House That Needs Repairs?

need to sell a house that needs repairs

Selling a house that needs repairs is a stressful situation to find yourself in if you don’t have the cash to afford it. Repairs can add up and keep your house from getting on the market. You don’t have that time, and we understand that. At Icon Advantage Resources, Inc., we specialize in quick home sales for cash.

No matter what condition your house is in, we’re here to help you out. We’ll get your house closed, and write you a check on the spot! Call us today to get a no obligations quote for your house, or just to get your questions answered. We’re always happy and ready to talk! Contact us at 832-663-7099.

 

The information presented in this article is for educational purposes only and should not be considered legal, financial, or as any other type of advice.

Listing with a Real Estate Agent vs Selling Your House for Cash

Selling your house can be a difficult process because there are so many options. Should you go with listing with a real estate agent, selling to a cash buyer, or selling it on your own?

One of the many advantages of owning real estate is having plenty of options. There are options for buying as well as selling it. As a homeowner that is interested in selling your home, you need to know what your specific options are.

listing with a real estate agent

Selling Your House Yourself

For sale by owner is often the type of sign you see today on homes for sale. This is certainly something homeowners can do. Many don’t understand how difficult this can be. Putting up with the hurdles that come with not listing with a real estate agent can save money.

The Pros of How To Sell Your House By Owner

The Time Factor

If you are not in a hurry to sell your home then listing it for sale by owner can be a distinct advantage. You can set your asking price and hold firm to this. The schedule for showing the home will be dictated by you. This can be done during the times that are most convenient for you.

Change of Mind

If you decide that you don’t want to sell your home you can simply stop your efforts to do so. You have the option of when you want to sell and you can change your mind as often as you like.

Potential Savings

The biggest reason that most people prefer not to use the option of listing with a real estate agent is because they can save money on the realtor fees. This is usually a 6% fee, which can be a big saving on the home sale.

The Cons of Selling Your Home Yourself

cons of selling yourself and listing with a real estate agent

 

Time Commitment

Not using a listing with a real estate agent means being prepared to devote plenty of time to the home sale.

You need to be available to take calls from interested buyers who will want to set up an appointment for a showing. You will then have to be available to show the home. Closing without a realtor means knowing the legalities that are involved.

You will need to be involved in some form of advertising. This takes time in writing up the ad copy. Then there will be some research involved as to where to advertise.

Learning Curve That Comes With How To Sell Your House By Owner

When you go the route of listing with a real estate agent you are relying on their expertise. There is a lot that goes into selling a home. You are going to have to learn at least the basics of this to be successful. These professionals know how to sell a home by emphasizing its strong points. With you having a personal attachment to the home you may focus on this. Potential buyers may not find what you consider to be strong points applicable to them.

Safety Factors

It is important to consider the safety factors when allowing strangers into your home. Most often those who want to look at the home come in pairs or groups. This may make you feel uncomfortable as you don’t really know what their true intentions may be. Closing without a realtor can leave you open to making some serious mistakes.

Selling Your House for Cash

Another option besides listing with a real estate agent is to simply sell your home for cash. This is a good solution for a quick sale with a flexible asking price.

The Pros of Selling Your House for Cash

stop listing with a real estate agent and sell for cash

Convenient

You don’t have to go through the inconvenience of having to show your home to potential buyers. Most often when a home is up for sale it means multiple showings before it sells. There may also be a need for several open houses which can be a nuisance.

Quick Cash

Some individuals are in poor financial shape. If you need quick cash then selling your house for cash may help with this

Fast

Selling your house for cash is the fastest method for home selling. It takes very little time for the sales contract to be drafted.  Usually, a very quick closing date can be arranged.

The Cons of Selling Your House For cash

Less Money

A cash sale usually doesn’t give you much room to negotiate the selling price. The buyer has a set amount they are willing to spend. You need to decide whether the cash price is something you feel is fair and that you are willing to accept.

Limited Time

Normally with a cash sale, the closing is much quicker. You need to decide whether it will allow you enough time to make the move and find new lodgings.

Listing with a Real Estate Agent

There are a lot of good reasons why most home sellers want to follow through with a listing with a real estate agent.

The Pros of Listing with a Real Estate Agent

sell for cash don't go for listing with a real estate agent

Their Expertise

Real estate agents are professionals. They have all the knowledge necessary to sell real estate. They have the expertise to analyze the market in the areas in which they work.

Their Contacts

Agents have many different resources to draw from when it comes to potential buyers. They usually have access to large databases. These connect to other realty agencies that list potential clients.

Advertising Resources

A real estate agent has the expertise to be able to advertise the home in the right venues. They know how to write the copy and how to promote the sale.

Time

Realtors dedicate their time to showing the home and have the knowledge of how to close the sale. They have the negotiating skills when it comes to the financial aspects of the sale.

Legalities

There is a lot of paperwork and legalities to tend to for a home sale. Real estate agents are trained in this area. They can avoid some of the costly mistakes that can be made during a home sale.

The Cons of Listing With a Real Estate Agent

The Fees

The 6% realtor fee is the biggest disadvantage. You will have to pay this once the sale is closed.

A Commitment

You are making a commitment with your chosen realtor. They will be the only one allowed to sell your home during the duration of the contract.

Being Realistic

You have the ultimate say in what your house should be listed for. Your realtor will encourage you to be realistic in the listing price. This will be based on his analysis of sales in your area.

sell your house without listing with a real estate agent

Sell Your House Now!

Realistically, listing with a real estate agent takes anywhere from 4 – 10 months depending on your market. In Houston, it could take a minimum of 6 months. You don’t have that time, and we understand that. At Icon Advantage Resources, Inc., we specialize in quick home sales for cash.

We’ll get your house closed, and write you a check on the spot! Call us today to get a no obligations quote for your house, or just to get your questions answered. We’re always happy and ready to talk! Contact us at 832-663-7099.
 

The information presented in this article is for educational purposes only and should not be considered legal, financial, or as any other type of advice.

5 Tips to Sell Your House Fast!

From making repairs to utilizing the services of a cash home buyer, follow these general cash-saving tips to sell your house fast in any residential real estate market. Time is not on a homeowner’s side when it comes to selling a property. Depending on the time of year, real estate climate, and market trends, the average listing can sit on the market for months without a bite. For distressed homeowners, motivated sellers, and professionals needing to relocate immediately, knowing what to do to sell your house fast is money-saving knowledge.

1. Scope Out the Competition

get the best tips to sell your house fast
If you want to know how to get your house ready to sell fast, there’s no better method than scoping out similar homes in the same neighborhood and area. These properties will give homeowners a baseline for the competition already on market, and help determine the home’s accurate value. It’ll also outline what features are deemed most desirable by potential buyers.

If you look at the comparable homes closely enough, you’ll also gather more tips to sell your house fast. Take note of the homes that haven’t sold within your desired timeframe; if the properties possess certain commonalities – like poor curb appeal or outdated finishes – resolve to offer your potential buyer something better before listing.

2. Make Cosmetic Repairs

do the right repairs are good tips to sell your house fast

Homes age naturally. From home system degradation to peeling paint and broken tile roof, properties typically fall apart faster than their owners. When homeowners are ready to move on, these seemingly superficial issues can cause prospective buyers to skip an open house altogether. To increase curb appeal and better a first impression for potential buyers, homeowners should keep up with exterior maintenance: water the grass to ensure a lush, green lawn and apply a fresh coat of paint to the house and shutters.

For additional tips to sell your house fast, ask a professional landscaper to assess your property and how to make it more appealing. Planting colorful perennials, applying fresh mulch to natural areas, and adding a lavish fountain can set your home apart when listing. Remember to shop around before hiring any professionals to work on your home; you don’t want to waste more time, energy, and money fixing unexpected issues that may pop up due to shoddy contractor work.

3. Price Accordingly

One of the biggest tips to sell your house fast comes when initially pricing the property. It’s no secret that overpricing a home is detrimental to a property’s sale when comparing it to homes offering the same features. To ensure you’re reasonably pricing your property before listing, you must first determine its projected market value.

The simplest way to do this involves comparing it to homes within the same neighborhood, offering the same number of bedrooms and full bathrooms, and with similar updates. If this estimate seems too low or high for your specific home, it’s wise to obtain a home appraisal. Professional appraisers will not only compare your home to others in the area, they’ll also make detailed notes after a walkthrough and factor any property updates – and flaws – when calculating a home’s worth.

4. Consider Selling Your Home Without a Realtor

making sure the price are good tips to sell your house fast

Homeowners needing to sell immediately should seriously look into listing as a for sale by owner. Instead of hiring a real estate agent, unrepresented sellers decide to sell on their own terms. This is especially great for homeowners desiring a speedy sale. Homeowners listing as a for sale by owner have the control over when their property gets viewed, their asking price, and how to go about advertising. With those experienced in real estate or have a basic understanding of the selling process, selling your home without a realtor is a simple, time-saving solution.

Selling without a real estate agent allows homeowners to move at their own pace. If you currently have time constraints, selling your own home will provide you the means to advertise quickly and show your property any day of the week. As an unrepresented seller, superb advertising is essential to standing out within an industry that’s rife with competition. Attract buyers with unique flyers or hire a professional graphic artist to design a home brochure highlighting your property’s best features. Providing professional advertising materials while offering out-of-the-box marketing techniques is key to selling a home by yourself.

5. Sell to Cash Buyers

The best method to selling your house fast is to locate a cash home buyer. These buyers specialize in purchasing properties quickly – sometimes within a week of first contact – and can offer a stress-free selling process. Cash buyers make a living offering solid selling advice to local homeowners; they know how to successfully sell and the best options to sell fast. They also submit fair cash offers, allowing for a speedy sale and skipping the time-wasting house financing process.

While most house buying companies are legitimate buyers with loads of references and unparalleled professionalism, some are scammers only interested in submitting low-ball offers. Their intention isn’t to provide sound advice and fair market cash offers, but to manipulate desperate sellers into selling well below market value. To avoid these cash buyers altogether, homeowners should research their home’s accurate value before listing. When in doubt, ask to see references.

General Tips to Sell Your House Fast

get the best tips to sell your house fast

Selling your house fast doesn’t have to be an impossible endeavor. Instead of allowing your home to suffer months on market without a legitimate lead, take the home selling process into your own hands. Stop relying on real estate agents with multiple listings to focus on your home and take a proactive step to ensuring the successful sale of your property.

If you’ve already checked out the competition, completed all minor repairs within budget, and determined a fair asking price for your home, you’re well on your way to attracting a potential buyer for your home. For more general tips to sell your house fast, consider selling as a for sale by owner and locating a reputable cash house buyer. While the former gives you the control to sell at your own speed, the latter offers the quickest selling solution readily available.

Sell Your House Now!

Realistically, listing with a real estate agent takes anywhere from 4 – 10 months depending on your market. In Houston, it could take a minimum of 6 months. You don’t have that time, and we understand that. At Icon Advantage Resources, Inc., we specialize in quick home sales for cash.

We’ll get your house closed, and write you a check on the spot! Call us today to get a no obligations quote for your house, or just to get your questions answered. We’re always happy and ready to talk! Contact us at 832-663-7099.
 

The information presented in this article is for educational purposes only and should not be considered legal, financial, or as any other type of advice.

We Buy Houses Fast in Houston, TX

You’ve probably seen ‘we buy houses fast’ signs in Houston, TX, and wondered what they were about. Well… we buy houses fast in Houston, TX and I’ll tell you why.

First of all, welcome to our blog. Here you’ll find plenty of helpful articles on real estate, ranging from buying and selling your house to renting out your property. We offer tips and advice to anyone interested in the real estate business.

we buy houses fast

I need to sell my house fast!

You came to the right place.

In this article, I’ll discuss the importance of our house buying business and why you should consider a cash house buyer instead of going through the usual long house-selling process.

Companies that buy houses quickly are on the rise and you probably know a few people who buy houses fast. Are you ready to discover this real estate industry changer? We buy houses fast!

What are the pros of selling to a cash house buyer?

Selling to a cash house buyer has many advantages you’re probably not aware of. In this article, we’ll look at a few detailed ways selling your house fast can benefit you more than selling to an agent.

  • You can avoid foreclosure

Many people are looking for tips and tricks on how to avoid foreclosure. With a cash house buyer company, you can do just that. Being able to sell your house before it goes into a foreclosure is extremely rare and almost impossible when you’re selling to an agent. But with a cash house buyer, avoiding foreclosure is just one of many benefits you can get.

We have bought from a client that was facing foreclosure the very next day by getting the bank to agree to avoid having the house go to auction because we were going to buy it and then closed on the very next day. It’s fast, it’s safe and reliable. And we help you every step of the way.

  • We buy houses fast

It’s a fast process. Your house can be bought in just a few days, or, if you’re not ready yet, in a few months. It’s completely up to you. It’s an ideal choice for those who need to relocate quickly and don’t have time to go through the long process of selling to an agent. We are safe, reliable and completely trustworthy.

  • No hidden fees

We don’t charge fees. Not even for offering you real estate advice. You simply fill out a form, we call you back and it’s a done deal. Real estate business is fast and selling your house used to take a lot of time away from people – not anymore.

  • No repairs!

We buy houses fast and take them in any state – you won’t have to worry about making repairs or making sure your house is in a perfect condition. All those things just delay the selling process and that’s the last thing you want. We completely get it.

  • Absolutely no paperwork

We mean it when we say no paperwork. No bank loan approvals, no foreclosure, nothing. Just a quick and safe sale. Imagine never having to fill or scan piles of documents, get references, and deal with all unnecessary things again.

  • You decide when you want to sell your house

So, you need cash in 2 days time? No problem! Or do you want to take your time and can’t currently move out, but you’re still thinking about selling your house? Are you a veteran from Houston who needs to relocate? It doesn’t matter – we will cater to your needs. Try us!

So how safe is cash house buying?

we buy houses fast with cash

It’s natural for people to question a no stings attached process. I talk more about how to spot cash house buying scammers in my other articles, but you should know that scammers can be found in absolutely every profession. Cash house buying is completely safe if you know who to trust and how to spot scammers – there are as many scammers as there are legitimate companies. Always be careful and always be safe. Remember, there are people who use the popularity of the ‘we buy houses’ campaigns to take advantage of homeowners. Always be careful of ‘we buy houses’ scams!

How do you spot cash house buying scammers?

When researching the company, it’s important to check their credentials. Google their name beyond the first page and use different keywords to see what comes up.

A safe and legitimate company that buys houses quickly will always be ready to answer any questions you might have about the process. As us, they might even have a detailed blog with benefits on selling or buying your house.

The team behind Icon Advantage Resources, Inc. works hard to make sure you are provided with the best information possible- Sell your house fast and do it the right way.

What is the biggest benefit of buying houses fast with cash?

we buy houses fast for sale

We talked about the pros of selling to a cash house buyer. But the biggest benefit of people who actually buy houses fast is the freedom of living without a mortgage. Imagine no monthly mortgage payments, nothing that takes away a huge portion of your income. That feeling of being mortgage-free is absolutely incredible, and this why many people are buying houses with cash.

Buying a house with cash also benefits your credit score. Applying for various types of credit is easy when you don’t have mortgage payments holding you down.

We buy houses fast

We buy houses fast. It’s what I do. I’m ready to help you with anything you might need. My website can provide you with all answers you might have on the house-buying process, but we don’t just stop there. Thinking of becoming a landlord? Going through a divorce? Wondering how to stop foreclosure? Or just in need of simple advice on how to sell your house fast? All information is available to you for FREE.

And if you’re still not happy with what you find – give me a call. I’ll make sure all your questions are answered so you can sell your house for cash fast and safe.

The information presented in this article is for educational purposes only and should not be considered legal, financial, or as any other type of advice.

Foreclosure Effects On The Housing Market In Houston

What are your two cents on the foreclosure effects on the housing market? Foreclosure is one of those things in life you need to avoid like the plague. It can haunt you for years because it will have a negative impact on the credit score. I avoided it by selling my Houston home and using the proceeds to pay my debt. Selling in Houston is not also as easy as people tend to think. The process is laborious, and it can be frustrating especially if you’re trying to sell fast. The purpose of this article is to let you in on a few devastating foreclosure effects in Houston.

More housing options but few financing options

The real estate market is flooded by foreclosed homes. This might be attributed to the current economic turmoil that we’re all experiencing. Houston properties are no longer selling as fast as they used to a couple of years back. Buyers now prefer homes that have three bedrooms and two bathrooms which, by the way, usually sell at a good clip.

Banks and other mortgage lenders are more cautious when lending today than they were four or five years ago. As an observant individual, you’ll quickly realize that the lending guidelines have even changed a lot. This housing market collapse has without a doubt affected a lot of institutions. If statistics are anything to go by, we’ve seen stockpiles of Houston’s foreclosed homes trickle into the market at an alarming rate. This is actually good news for prospective buyers because as the supply goes up the demand somehow reduces and this affects the equilibrium market price. No potential homebuyer will want to buy a Houston home at an astronomical rate because they know what we know. In this type of environment it’s really difficult for a property to appreciate by three percent or more in the next year.

Foreclosure and the housing prices

Foreclosure began rolling in once the real estate market crashed. This is no longer news to anyone. The amount of inventory in the market increased, and this was the first effect we experienced. Buyers suddenly became picky because they had options. The value of houses thus reduced, and this wasn’t good news for lenders. It meant that they’d have to sell the houses for a lesser amount than what’s owed to them. If you’re wondering whether we’ll ever climb out of the foreclosure hole any time soon I don’t really know. Some people might say the jury is still out.

Selling a property in a high foreclosure market

I realized there were three ways I could sell my Houston home in this housing market:

Sell on my own: I had the option of believing in myself and my skill set. All I had to do was to repair the property, make a couple of upgrades, and then list the house. Unfortunately, this is a costly process because you’ll end up paying for a lot of expenses.

Sell through the agent: If you’re the kind of sellers who’s not in a rush to sell you should hire a reputable realtor. They’ll do all the work and help you find the right buyer, but you have to be ready to part with six percent of the proceeds to settle the commission.

Sell to a cash investor: I could sell my Houston house to a property investor who’ll pay cash and won’t ask me to fix up my home. We Buy Fast Houston Houses buys Houston houses as-is and has an all-cash offer.

Even in the current market, we can help you sell your home fast. Call us today!

What Are Closing Cost In Houston?

What kind of costs is categorized as ‘closing cost?’ This blog post will tell you what these closing cost are and how they influence a buyer’s decision.

What are closing cost?

These fees or costs vary depending on where the seller resides. They include but not limited to:

  • Bank Fees
  • Underwriting Fees
  • Title Insurance
  • Recording Fees
  • Inspection Fees
  • Transfer Fees and Taxes
  • Administrative Fees
  • Title Insurance
  • Attorney’s Fees
  • Commissions

Who usually pays?

We’re not about to sugarcoat anything here. Even though the buyer settles some of these cost it’s the seller’s obligation to pay 100 percent of the commission. That normally accounts for about six percent of the total sale price. If you think about it, this is a lot of money which can be used in a different project. At the closing table you’ll realize that this is by far the biggest cost of them all other than the mortgage balance.

Seller’s have quickly adapted to the market demands, and are now taking advantage of these cost to close deals fast. For instance, a seller will try to lure multiple offers by promising to pick up the tab on the closing table. Let’s not forget the fact that we also have the annual property tax that you’ll have to keep paying until the day you find a buyer who’s willing to close the deal.

What are the seller subsidies?

This is that figure which you negotiate with the buyer. As a sign of goodwill, you can agree to pay a fraction of the closing cost. You can tell the buyer you’re ready to reduce the price of the house by 5 thousand so that they can add this money to what they have and pay their closing cost. It’s such a small price to pay if you desperately want this buyer to close the deal fast.

Are these costs avoidable?

Yes! All these costs are completely avoidable if you choose to sell that Houston house to a real estate investor. A wholesale buyer is different from a retail buyer in that they have a lot of cash in hand. As a matter of fact, they’ll be very much willing to pay both your closing cost. And since you are actually selling directly to a buyer, you won’t need the services of an agent. This means you won’t have to pay anyone commission. You’ll walk away from the closing table happy knowing you’ve saved a lot of money and time.

What about the repairs?

There’s no way you can list a home with the help of an agent in Houston without working on the repairs. But if you choose to take the real estate investor route, you can sell your home as-is. A cash investor won’t even ask you for a home inspection report.

Are you interested in learning more about the selling process? Reach out to a reputable real estate investment company like us, today! We’re always on standby waiting for your call.

We Purchase Houston Homes Fast

We are experts in the real estate business. We purchase Houston homes fast, and have been for years now. At this point, we would say the level of experience that we’ve gained through the years have been instrumental in making sure we deliver quality services to all our clients. And they will happily attest to this fact.

Don’t get the idea that we can be substituted for real estate agents because the type of services we provide and that which realtors offer are complete opposites. The latter will help you sell your property, but we will purchase your home. Also, we have never and will never charge our clients any commission. In fact, we usually cater for all the closing costs as we try to close deals in time.

As trained real estate experts, we will provide you with various specialized options for the purchase. We understand every situation out here is unique, and that’s why we try to figure out the best solution for each one of them.

So what’s your case? Are you looking for a way to prevent the bank from foreclosing your home? Are you in a rush to find the right homebuyer for your vacant Houston house and avoid losing funds every month? Have you just inherited property and selling looks like a logical step to take? Or are you battling with divorce woes? Whatever the reason, we have the answer you’ve been desperately seeking. Don’t even trouble yourself thinking about the repairs, fees, or hassles associated with selling.

Different sellers have been faced with various challenges as they try to navigate the wilds of the real estate market. They keep running into roadblocks, and in some instances, the realtor makes promises and don’t deliver. What many people don’t realize is that selling a home through a realtor is not everyone’s cup of tea. Just because it worked for your neighbor doesn’t mean it will work for you. And searching for a reputable real estate agent is not something easy to do as well.

There’s yet another issue to deal with if you choose to sell to a retail buyer in Houston, Texas. And that’s the issue of uncertainty. The client will keep you waiting for weeks only to pull out at the last minute. Of course, you can tell how stressful and frustrating that can be particularly if your intention was to close the deal immediately.

Let’s not even get into the commission you’ll have to pay if at all you’re successful in closing. We operate differently. As a client, you’ll receive a fair all-cash offer on your home within the first twenty-four hours of submission. Just visit our company’s website and fill all the information on the form and we will send our representatives right away.

The process usually takes less than seven days so don’t stress about it. Get out of the property that’s giving you nightmares by selling to us today. You’ll get paid in time, and you don’t have to waste money trying to fix the house.

Is Auctioning Houston House A Good Idea?

Would you auction your Houston house? Do you think auctioning Houston house a good idea? Over the past couple of years we’ve seen this becoming a growing trend in Texas. It has been said that most sellers prefer this method because it’s a faster way to sell your Houston home. Or maybe they are just into it because it gives them an opportunity to sell at a profit!

Unfortunately, this approach is not as perfect as people describe it. Make it your business to know the downside to auctioning before you make a decision. Just because your pal successfully sold their Houston home through an auction is not a green light to try it out. Learn about the disadvantages before you hire an auctioneer.

Auctioning my Houston home in Texas

The property has to be prepared before it’s auctioned off. The first thing that you need to do is to get a reputable auctioneer to help you auction it off. And we’re not talking about just any other auctioneer. Talk to your family members who have auctioned off properties in the past and ask for referrals. You need to work with someone you can depend on.

The real estate business has grown tremendously over the years. Today, we have so many auctioneering firms that provide great services. Do your homework before picking one that will represent your interests. Do bear in mind that some of these companies are scammers. Be very cautious before settling for one. You can search for an auctioneer in the local phone book, or through the National Auctioneers Association website.

A great auctioneer should have plenty of experience. If you still feel like you have questions that need answers you can attend a couple of auctions, and get the general vibe of what usually goes down in such places. Before you work with anyone make sure you know how much you’re going to be charged for the services rendered. Some of these companies can charge you exorbitant fees. We’ve heard of instances where auctioneers charge a client 10 percent of the property’s cost which is completely ridiculous.

Who said you must use an auctioneer, anyway? As long as you understand the rules and you feel comfortable with the environment you can give it a shot. A skilled auctioneer can drive the price really high, but if you believe in yourself you can also sell at a great price.

We do have two types of auctions: the Reverse and Absolute. If you feel the house doesn’t have to have a minimum limit for it to be sold you’ll be working with an absolute auction.

Reverse auctions are the complete opposite. There’s a minimum limit and if this limit is not reached, the property can’t be sold.

Remember to list down in the auction description all the property faults. If you don’t and the buyer finds one, they have the right to come after you and demand a refund. Also, don’t go into an auction with obnoxious fantasies. Have a realistic price in mind.

Are you interested to learn more? Call us today. We’ll feel privileged to serve you.

Sell Houston Home At The Right Price In Summer

Do you want to sell Houston home during summer? Selling is all about timing, and that’s why you have to know when to sell before thinking about how you’ll do so. Of course, the ultimate goal for every trader is to profit from any transaction. As a seller, you’ll wish to get the best rate that the Texas property market has to offer. This piece will show you how you can get the right price for my Houston home in summer.

What’s the first step to take? What’s the best strategy to employ? How will you go about it? What are the different hurdles that you’re most likely to encounter?

To be certain that you’re on the right course you have to ask yourself these questions. In the past different home sellers have used strategies we’re about to list down for you and have succeeded. And by ‘succeeded’ we mean that they have sold houses fast and at the right price in summer. Therefore, it’s okay to assume that these are some of the things that will determine whether or not you’ll sell Houston home, and at what rate you’ll do so.

Things to take into consideration in order to sell Houston home in summer

  • The Price

What’s the right rate? You’ll find yourself asking this question several times. To be honest, the answers you’ll get from different people will be different because not all Houston properties are similar and the market forces keep on changing. For instance, you might be selling in a buyer’s market but whoever you ask might have sold in a seller’s market. What you should know is that the right price will be the one that, that house sells for. That means that if you go too high, the property will go stale on the market and if you decide to sell at a lower rate, you’ll end up losing a lot.

  • Timing

Another aspect that you should be looking into is the timing. Almost all kids are out of school during summer, so most families take advantage of this opportunity to bond by going on vacations. The available Houston homebuyers will want to close fast and move in before schools reopen. If you can offer a quick possession date and try to sell quickly, you might end up selling at the right price.

You have to invest in upgrading and updating your house. Selling is a completion, so you have to do all it takes to come out at the top. You’ll only get the right price if you can improve the condition of your Houston home. It has to be in pristine shape. We’re not saying that you should work with a significant budget. Consult with your Texas realtor and figure out what’s essential and what’s not. A fresh coat of paint and a bathroom redo might be some of the things you should try out.

  • Negotiate

Believe it or not, this is a skill that you have to learn. We’ve told you that the right price is what the house sells for so start with a reasonable asking price and work your way down gradually when negotiating with the buyer. If the both of you can close the deal and still walk away not contented, then that’s a great sign.

Summary

With these four strategies, you’ll undoubtedly sell at the right price in summer. Even though you’ll finally trade, you’ll have to hassle hard. So if you’re not up for it call us. You can sell to us directly because we’re a professional house-buying company.