Best Way to Sell My House Fast In Texas
Relocating? Pre-foreclosure? Fire Damage? Flooding? Tax Lien? Divorce? Health Issues? Job Loss? Upsizing? Downsizing? Death of of Loved One? Tired of Being a Landlord? These are among the many reasons causing thousands of Texans every year to explore options for selling real estate fast, be it a house, condo, ranch, land, multi-family, or commercial property. Selling to a real estate investor features many benefits while alternatives are burdened with multiple drawbacks.
Selling to a Real Estate Investor is often the best way to sell your house fast in Texas because it offers multiple attractive benefits:
- Quick Sale – an investor can close much faster than a traditional retail buyer. By paying with cash there is no waiting on lender approval. This feature can cut the time to close down to as a little as a week.
- “As-Is” Condition – you won’t have to worry about making costly home repairs, ranging from water and mold damage to roof and foundation issues, because real estate investors buy houses “as-is”.
- No Commission Fees – unlike engaging a traditional real estate agent, you do not pay costly realtor commissions when buying your house. For example, a 6% commission on a $100,000 house will cost you $6,000.
- No Holding Costs – by selling and closing in as little as two weeks, with real estate investors you will not need to keep paying your mortgage, utilities, and other costly upkeep items.
- Problem Solvers – Investors regularly encounter sellers in a variety of situations. This experience helps resolve seemingly difficult situations, to everyone’s benefit. Whether it is divorce, bankruptcy, foreclosure, late payments, unruly tenants, squatters, or title issues, real estate investors often have the expertise to navigate a resolution to these issues quickly.
- Flexible Options – While the typical investor purchase involves a cash offer, there are other options, depending on your situation. An investor can also purchase your home on your terms. Those terms can be owner financing or a lease option purchase. In these two scenarios, an investor is able to make a higher offer on your house.
Still, there are alternative methods for selling real estate fast, but they each have multiple disadvantages.
Traditional Realtor. While many real estate agents work in your favor to get the best price, their 6% commission rate often more than makes up for this by eating away at any potential gains. And by selling to a traditional retail buyer, you are exposed to risks related to financing contingencies (such as waiting to close until a retail buyer’s prior home is sold). Also, many retail buyers need to back out from closing in the 11th hour, leaving the seller to start over from square one. During an elongated sales process, you will have to keep paying your mortgage, utilities, and other up-keep costs. These problems are alleviated when you sell your house fast to a real estate investor.
Short Sale. A short sale could be an option if your bank is willing to negotiate the amount left on the mortgage. However, not only is there a low success rate of being approved by your bank for a short sale, federally backed mortgage guidelines often require a minimum two-year wait after short sales. Also, your credit score will decline by 85 to 160 points. Low credit scores also make it more difficult to buy a car or rent an apartment.
Auction. An alternate method to sell your home fast is with an auctioneer. However, there is no guarantee the property will sell or that you will receive the price you desire. If the auctioned price only just reaches slightly over the reserve price, you may be disappointed with the outcome.
Who Is Reimagine Realty Solutions and how can we help if you want to sell your house fast in Texas
- We’re investors. We support our families and beautify neighborhoods by buying houses from Texas homeowners who need to sell fast for one reason or another.
- The types of sellers who tend to work with us include people who:
- Need to sell fast (we can close in as little as 7 days if you need us to)
- Don’t want to hassle with listing a property with an agent
- Don’t want to pay real estate agent fees
- Can’t sell their house for one reason or another (we buy houses in as-is condition)
- And a variety of other reasons
- But we’re passionate people, and we believe in the Texas community.
- We’re honest and straightforward.
- We’ll quote you a fair price, and we can close fast with cash.
We’re happy to help you find answers to your toughest questions about your Texas real estate, so please feel free to call us at (512) 575-2222 and chat with us anytime. Or visit us at www.ReimagineRealtySolutions.com.