Everyone has different reasons for wanting to sell their house, but there are some common factors that are present in every transaction.
The important question to ask yourself is “Is selling my house the answer right now?”
This is something that we always ask our clients before we begin working with them, and here are some of the things that generally come up.
Everyone has different reasons for wanting to sell their house, but there are some common factors that are present in every transaction.
The important question to ask yourself is “Is selling my house the answer right now?”
This is something that we always ask our clients before we begin working with them, and here are some of the things that generally come up.
There are a whole slew of reasons why homeowners go under some financial strain that cause them.
This is generally the number one category for Houston homeowners who are looking to sell their home quickly.
Medical bills, emergencies, loss of a job, and many other things can cause a homeowner to want to liquidate and pull cash from their home quickly rather than continuing payment of their mortgage and the home sitting on the market for months at a time.
Most people don’t realize how long it can take to sell a house on the market. It can stay there for 4-6 months or longer before you get a serious buyer.
Some of the factors that are involved in listing a house include the state of the home, what time of year it’s being put up, current trends, economic status, and even down to the marketing methods used by the realtor.
More often than not, the reason a home may stay on the market for a long time begins with it being priced incorrectly to begin with.
Other issues like the photography or videography used can prevent potential buyers from being interested in even taking a look at the listing.
It can take weeks just to prepare the house to be listed.
And if you’re unable to make the repairs needed to the home because of the out of pocket costs, then your buyer pool is limited to those who are capable or interested in having a project house.
Additionally, buyers are going to look for anything they can use to negotiate the price down.
You’ll also have to pay 3-6% for realtor commissions at closing, as well as all other closing costs which will average about 1-2%.
For a $150,000 home, that’s nearly $12,000 you lose off the purchase price just going through the realtor.
Factor in 4-6 months of sitting on the market if you have a note as you go back and forth with prospective buyers, that could be another $4,500 - $5,000 of holding costs that you aren’t going to get back.
Not to mention the utilities and other types of repairs that might be necessary in that time (the a/c breaks, a hurricane rolls through, or other things that can occur).
This can be really financially painful if you are going through any strains or under some tight deadlines.
If you find yourself in a situation where you are behind on payments or are about to start missing payments, we can help prevent a permanent hit to your credit from foreclosure and, most importantly, losing the home entirely.
In many cases, homeowners that start missing payments find that the fees on top of the balance due become way too much to recover from, and then things start to spiral out of control.
The common misconception is that bankruptcy is the only way out, when in fact bankruptcy will only help delay the Houston foreclosure process rather than fully save you from it.
If you know that you are unable to afford your home any longer and you’re on the verge of missing payments, then now is the best time to sell the home.
In either situation, we’d like to talk to you. We offer multiple methods of purchasing the home so we can help save you a lot of money and stress, including competitive cash offers and creative financing methods
We have been known to purchase homes as late as 3 days before the auction date, so regardless of the situation you are in, let us see how we can help you.
Unfortunately,
divorce in Houston is a part of life that many marriages pass through, and that leaves a lot of stuff that must be dealt with.
One of which is the home.
Many times, after a divorce, the home is not given to one party or the other, but it’s agreed that the property will be sold and the proceeds divided between the two.
While there isn’t anything particularly tough about handling a home sale during a divorce, the sale terms need to be presented before a judge for approval.
Additionally, if the home isn’t ready to be put on the market and requires some work, neither party wants to put more money into the property, so it ends up being in a state of limbo where it isn’t quite up to par to be put on the market and it also isn’t going to be repaired so that it’s up to market value.
It also takes a long time to sell a home through traditional methods, so that extends the time it takes to finalize the entire divorce process in Houston.
Because we don’t require that you make any repairs, cover any closing costs, or pay any additional fees, we’re a great buyer candidate for homes that are in the divorce process.
More often than not, the home has a decent amount of equity, which means we can pay cash for the home and you can quickly finalize everything and be done with it.
If you have to
relocate for family, work, or other reasons, then the last thing you want to do is pay for a house that is completely empty.
Not only is it a financial burden, it’s a mental burden to know that the house is still there and you need to deal with it before too long.
It becomes even more difficult if you are trying to sell the house remotely, as you won’t be able to have any eyes on the property and what’s going on with it. You would have to solely trust and rely on a realtor to handle this for you.
So many life events can affect the next day, next week, or next year.
One of the most common events is actually a death in the family, and the family has to deal with handling affairs associated with it.
Many homeowners who have
inherited a property in Houston are burdened by having to now pay for that property, go through the probate process, and figure out what to do with it afterwards.
Another common situation is a parent who is aging out of the home and needs to go into an assisted living situation.
The home they are leaving needs to be sold either for the money or the rest of the family is not interested in becoming landlords.
We have worked with many houses in both of these situations, and have guided people through the probate process whenever necessary.
Regardless of the life event, there’s almost always something that can be done with a property and we want you to take advantage of our team’s experience and help you make your life less stressful so you can deal with those life events as they come.
If the home is simply too damaged, either from
fire, water, or other damage, and you just need to get out of it, then we can help with that as well.
We purchase homes that have been through a fire. Just because it was been badly burned doesn't mean you have lost all value and are stuck with it.
Homeowners that have dealt with horrible floods or other natural disaster damaging their homes can also find ways to get out from under their mortgage.
Additionally, there are plenty of homes out there that just need some care and attention, and we enjoy purchasing homes that need an update or some work done to it.
So if you have what people would consider an
"ugly" house because of some of the repairs needed, then we'd definitely like to help out.
Look:
We are not real estate agents, and we want you to know that this is a good thing.
Realtors are specifically taught to do one thing: list houses on the MLS.
This is because they are part of a system that benefits the brokerages.
They are taught to be scared of doing real estate in any other fashion, and many of them do not know how to help homeowners get out of tough situations.
We often find that homeowners that are in a precarious situation are being advised by a realtor who is actually putting them in a worse position.
Time and time again we come across a homeowner who is scared of losing their house to foreclosure and we aren’t able to help them because they are under contract with a realtor who only knows how to list it on the MLS.
The primary motivation for a realtor is to earn commissions, and they are backed by brokerages who push curriculums, quotes, and their own systems of handling real estate because that broker will receive even larger commissions.
As investors, we have to make sure that the transaction benefits you, the homeowner, as well as ourselves.
If you lose the house, so do we.
We know that many homeowners that work with us are unable to afford repairs, foreclosure fees, and closing costs.
That’s why we ask that they don’t bother trying to find more money out of pocket, or that they don’t make any additional repairs.
Besides, as investors, we know what tends to sell best in the market, so we prefer doing the repairs ourselves so that we can maximize its value.
The biggest benefit to you is that we can offer cash for your home or find other creative ways to get you out of tough situations, and we can give the house the TLC that it deserves.
We strive to find a win-win-win situation for everyone involved.
