You have a lot of things going on and you are in a hurry to sell your house fast in Houston. Even in today’s hot market, homes are being sold in less than a day with multiple potential buyers for one property. Somehow, it’s hard for some homeowners to sell their homes fast in Houston.
If you’re in a rush and you can’t wait the traditional time of 60-90 days to sell your home. You are on the lookout for some strategies or options you can use to get your home sold quickly.
Not all homeowners have the luxury of putting their homes on the market with a realtor and waiting for potential buyers to knock on the door.
Yes, this is a tried-and-true method of selling your house however, this doesn’t work for everyone.
For example what if you have a property that’s in disrepair and you can’s show it because it’s a liability for people touring the property. What do you do then? You can call your local realtor to come and help you with the property.
But that doesn’t always work because most realtors aren’t familiar with selling deeply distressed properties. Keep in mind that most Realtors list homes that are move-in ready since most potential buyers want homes that are move-in ready.
You are going to need options and this blog post is just for your situation.
5 Reasons to Sell Your Home Now
Delinquent taxes
sometimes there are situations where homeowners have overextend themselves and end up in a situation where they cannot pay their property taxes. Unfortunately, there isn’t any workaround and if you’re behind on your taxes you will need to pay it.
If you cannot pay your taxes or come up with a repayment plan the city will take her home. if you just don’t have the money to pay your taxes you don’t want them to take her home. So, the next best option is just to sell the property.
While selling your home can become quite difficult due to being emotionally attached. It’s a better outcome than having the city take it and you get nothing in return.
Disrepair
All homes aren’t created equal and some homes after years of neglect are left in disrepair. This could be for a number of reasons but the result still remains that the home is in disrepair and a traditional lender won’t lend on the home.
For example maybe you the homeowner didn’t have home insurance and a fire broke out and damaged half the property. most home buyers aren’t willing to purchase this home and thanks aren’t lending on these types of properties.
So what do you do? One of your options is to sell it to an investor. For a knowledgeable property investor, this will be a great opportunity to rejuvenate and restore the home.
This would be a great option because not only do you get to sell your house fast, a new homeowner gets a fully renovated home. Creating a win-win situation for all parties.
loss of a family member
When a family member has passed away suddenly, typically the burden of the deceased person’s residence falls on the shoulders of the next of kin or their heirs.
While inheriting a property usually sounds like a great thing, a lot of financial duties can appear with this that lots of people may not be ready to take care of.
There is usually an existing mortgage, current taxes, deferred maintenance, and repairs that need to be done on the home. If you’re not in a position financially to take care of these things, inheriting the home can easily become a headache instead of a blessing. You also don’t want to procrastinate on getting started on these items, because it gets worse the longer you wait to take care of them.
Loss of income
For anyone who has regrettably lost their job, rethinking their existing housing circumstances often diminishes financial challenges.
These individuals could be in a motivated need of selling their property in order to relocate someplace a bit more conventional.
If you purchased a home at your current income level and now that you have lost the income stream. It will get progressively harder to maintain your home. The last thing you want to do is neglect the situation and pretend nothing has happened. If you go that route you could find yourself going through the foreclosure process.
Going through a divorce
Married couples are usually expected to split the value of the home between themselves. However, if you fail to reach an agreement with your partner about who should live in the house, you might be forced into a quick sale.
Going through a divorce while attempting to sell your home isn’t easy and can be tumultuous at best
Going through both at the same time can be ten times worse. Questions of homeownership can become complicated to deal with when you are facing a divorce.
For many couples, their home is the highest valued asset they have, and it usually holds a fair amount of sentimental value as well. As much as one or the other may want to keep the home, though, many times, the situation demands selling it.
This can be due to financial, legal, or personal reasons, but in the end, they must sell the home.
Sell Your House Fast Houston: Option 1
Get a Cash offer
Sell your Homes Houston buys houses in and around Houston (and other areas too!). We’re not listing your house… we’re actually the ones buying your house. Because we pay cash, we’re able to close quickly… or on your schedule.
Like we’ve mentioned, when you work with us there are no fees… like there are when you list your house with an agent. What this means to you is you don’t have to worry about extra costs, having to come out of pocket to sell your house fast, or even getting your house ready for a sale (we’ll buy your house as-is).
Don’t worry about repairing or cleaning up your property. We’ll buy your house in as-is condition… no matter how ugly or pretty it is… no matter the location.
How Does Selling for Cash Work?
Cash buyers use technology and experience to expedite and streamline the home selling process.
The investor uses knowledge of the market and algorithms to create an estimate based on the current and potential value of your home.
The homeowner is selling directly to the investor, a realtor is not required but used in some instances.
Homeowners need to be fully aware that cash home buyers are investors seeking to make a profit. It is a business and any business that cannot generate and sustain a profit will fail.
Cash home buyers are no different from Walmart, Amazon, or Target. Where a product is purchased at a discounted price then resold at a higher margin for a profit.
This is a very important part to understand so I will restate it again. Cash home buyers are in the business of purchasing homes at a discounted price to be resold at a higher price.
Many of these homes have a common circumstance, a seller who is in distress or a property that is in distress.
A distressed homeowner is a seller that needs to sell their home urgently often to pay debts, medical expenses, or other emergencies.
Sell Your House Fast Houston: Option 2
Work With a Realtor
If you’re in a time crunch you can’t work with a typical realtor. You’re going to need a realtor that has experience with selling properties quickly and often time to investors.
Chances are hiring an inexperienced realtor won’t get you the results you’re looking for and it could take much longer to sell your house fast in Houston.
However, if you choose to work with an agent, you’ll need to accept that the buyers you attract aren’t guaranteed to pay cash.
In addition, you should find an agent that is a superstar on getting this type of transaction closed.
Sell Your House Fast Houston: Option 3
Short Sale
If you are looking to sell your house fast in Houston a short sale can be a good option.
A short sale is a sale of real estate in which the proceeds from selling the property will fall short of the balance of debts secured by liens against the property, and the property owner cannot afford to repay the liens full amounts and where the lien holders agree to release their lien on the real estate and accept less than the amount owed on the debt” (source: Wikipedia).
In some cases, a short sale is an option agreed upon by borrowers and lenders. In a short sale, the home is sold for less than the outstanding balance of the mortgage. The unpaid balance (known as the deficiency) may or may not still be owed by the borrower.
This option typically takes some time, as a few different lending institutions may own the mortgage. All parties who have a stake in the property must agree to the terms of the sale, and a potential deal could fall through if even one lender doesn’t agree.
Sell My Houston House Fast: Option 4
When it comes to real estate sometimes you have to think outside the box. Many people think that only desperate homeowners and bank-owned properties are sold at auction.
Contrary to conventional wisdom, selling your home at auction is a growing practice throughout America, because it offers an opportunity to sell your house fast, without paying real estate agent fees, and often with a profit.
In fact, online real estate auction sales have increased approximately 25% year over year. Selling your home through an auction can be a great option for you.
Sell My Houston House Fast: Option 5
For Sale By Owner
Yes, for sale by owner can be a great option to sell your house fast in Houston. You can make your own terms and offer owner financing to speed up the buying process.
For sale by owner means that a real estate agent will not be involved in the sales process. The seller of the home has decided not to involve a real estate agent and will handle the transaction completely by him or herself.
There are pros and cons to selling your home this way, but it can be a great option for you.