Archives for March 2022

4 Ways Selling Your House Fast in Cypress Will Put More Money in Your Pocket

Sellers, are you looking to sell your house fast in Cypress TX? Choosing the best way to sell your house is a big decision that could save you thousands of dollars.

Hiring a real estate agent to sell your house in Cypress now brings a lot of anxiety and uncertainty. First, you don’t know for sure whether or not your home will sell at all. Even if it did sell, you don’t know if the sale might fall through halfway through the transaction. Also, you don’t know when the closing date will be. So you could be facing high holding costs the longer the transaction drags on. Last , you have to pay high commissions, closing costs and go through the hassle of make ready and cleaning.

Here are 4 ways to sell your Cypress house fast to a professional real estate investor will save you money.

sell house fast cypress tx and save money

Save Commissions When You Sell House Fast in Cypress TX

Unlike selling with a real estate agent, selling your Cypress house to a house buyer does not come with thousands of dollars in commissions. For example, if you sell your $200,000 house with an agent, this will cost you $12,000 in real estate commissions alone. Even if you try to sell it by owner, the Buyer will have an agent working with them. This will cost you $6,000 in agent fees.

When you sell your house fast in Cypress to a professional investor, you are selling it direct. Since there are no agents, there are no commissions. The price you see is the price you get. And since you don’t have to pay these high agent fees, you will put more money in your pocket.

Skip The Closing Costs and Sell Fast in Cypress

Regular transactions come with expensive closing costs that you have to pay. From title insurance, to closing and recording fees, closing costs can get very expensive. According to Zillow, “Closing fees and and taxes for the seller are an additional 2% to 4% of the sales price“. These closing costs are deducted from the amount you get for the house at closing reducing your cash.

When you sell your house fast in Cypress to an investor, they will cover all the closing costs. You don’t have to pay for these costs out of pocket when you sell to a professional house buyer so you can net more money.

No Repairs or Cleaning Necessary When You Sell Your Cypress TX house

HGTV has spoiled regular buyers into thinking that a home for sale should look like it belongs in a magazine cover. Forget about listing the home in its current condition. If you list it with an agent they will insist that you do a pre-inspection and fix all issues the inspector uncovers. Also, you need to hire professionals to clean your home. All these repairs and cleaning do make your house more appealing to buyers. But these costs also add up and they come from your pocket.

Instead, if you choose to sell your house in Cypress to a reputable buyer like Signature House Buyers, we will buy it as is. You don’t need to repair or clean anything. We will buy your home in its present condition. Since you don’t have to spend money on repairs or cleaning, you can keep more cash in your pocket.

Sell House Fast In Cypress and Avoid Holding Costs

The longer it takes for your house to sell the more it costs you to hold the property. Holding costs are things like mortgage payments, property taxes, insurance and utilities that you need to pay as long as you own the property. Speed matters a great deal when you sell your house in Cypress.

If your house doesn’t sell, you have to hold on to the property and pay more out of your pocket. That’s one of the downsides of putting your house on the open market. You never know with certainty how long it will take for the house to sell.

Selling your Cypress house direct to an investor is different. When we buy houses in Cypress, our offers are guaranteed to close on time. We can close in as early as 10 days or we can be flexible with the closing date to suit you.

Since you won’t have to hold on to the property longer than necessary, you will save money and net more out of the sale of your home.

sell house fast cypress
We Buy Houses in Cypress

Sell Your Cypress TX House Fast

We renovate and hold our properties long-term, so we can afford to pay more for your house. Our offers are guaranteed to close on the day that works best for you.

Summary: 4 Ways to Save Money

In conclusion, when you sell your house in Cypress TX, you want to carefully consider all options before deciding. Sellers in Cypress can save money on commissions, closing costs, holding costs, repairs and cleaning by selling their home direct to an investor.

Featured Image source: Photo by Karolina Grabowska from Pexels

How To Sell Your House in Houston Without Expensive Repairs (That Cost Thousands)

If you need to sell your house in Houston that needs expensive repairs, I have some good news and some bad news.

On one hand, this is one of the best times in recent history to sell your house. Low mortgage rates, lots of buyers moving in and few homes for sale make for a very favorable time to sell.

On the other hand, this is one of the worst times to make repairs to your home. Labor and materials costs have been skyrocketing which means repairs are now much more expensive. Therefore, if you want to learn how to sell your house in Houston without sinking thousands in expensive repairs, read on.

Why Your House May Need Expensive Repairs Before You Sell

There are many reasons why your Houston house may need repairs. Everyone’s situation is unique. But in the many years we buy houses in Houston, we have seen some common patterns emerge.

Inherited House

One of the most common reasons why your house may need significant repairs is that you inherited a house in Houston in its current condition. Most likely, the house was vacant for many years and was not maintained.

Facing Foreclosure

Another reason for substantial repairs is that you might be having financial difficulties and facing foreclosure. Financial troubles can be very stressful and resources are scarce during these times. So you can’t afford to make minor repairs and they turn into major repairs.

Going through Divorce

When your marriage is on the rocks and you are going through a divorce that becomes the main focus in your life. If you and your spouse are looking to move on, there’s no incentive to keep up the current house. So repairs get neglected and they turn into significant costly projects later.

Great Time To Sell Your House

Now is a great time to sell your house in Houston. People are moving to Texas from other states by the tens of thousands and many of them are choosing the Houston area. Some people will rent for a time and then buy while others choose to buy a home straight away.

Mortgage interest rates contribute to very strong demand for homes. They are still very low but are beginning to rise. This is causing Buyers to rush to buy before interest rates go up even higher.

At the same time that demand is strong, the inventory of available homes for sale is historically low. In 2021, the Houston area had 1.4 months of inventory available. A normal and balanced real estate market has between 4 and 6 months of inventory.

So if you’re looking to sell, now is a great time. But what about the repairs your home needs before going on the market?

Repair Costs are Skyrocketing

The cost of labor and materials for home repairs have been skyrocketing due to inflation. According to the National Association of Home Builders, “the price of all goods inputs to residential construction (including energy) has risen 14.5%.”

how to sell your house in houston without expensive repairs
Source: https://eyeonhousing.org/2021/11/building-materials-prices-post-record-year-to-date-increase-through-october/ the

Increases in the cost of repairs are not the only issues when making repairs to your home. Covid messed up the supply chain for lower cost options in sheetrock, countertops, appliances and more. This means that now you have to select more expensive materials because lower cost alternatives are just not available.

The run up in prices does not seem to be slowing down anytime soon. Inflation has been impacting the cost of everything from food, energy, gas prices. This increase in costs of living will be reflected in higher prices contractors will charge for home repairs.

So what should you do if you need to sell but can’t afford the skyrocketing costs of repairs?

How to sell your house in Houston without costly repairs

If you are in a situation where you want to sell your house in Houston, Cypress, Katy or Spring without the expensive repairs, your best option is to sell your house as is to a professional investor.

How do I sell my house as is to an investor?

Unlike regular buyers that want a home that’s “move-in ready”, professional investors love houses that need repairs. They will buy your house as is in its current condition. You don’ t need to worry about making the repairs and you can leave the headaches of skyrocketing materials and labor costs to them. In fact, you don’t even have to clean the house. You can just leave it as it is and a professional investor will take care of everything.

Especially if your home needs MAJOR repairs like foundation repair, roof and siding replacement, re-plumbing, selling to a professional house buyer is the best option. When your home needs those types of repairs, it is very difficult to finance. But reputable and professional house buyers can pay cash for your house in Houston so they don’t need financing.

What price can I get for my house that needs repairs from an investor?

You might be thinking that while selling your house as is to an investor sounds good, it might not bring you a price that you’d be happy with. After all, if the professional investor will take on the cost of these repairs, won’t he discount the cost from the price he offers?

Professional investor will discount the cost of the repairs from the offer you get. But it’s important to realize that the cost of those repairs to a professional investor is much lower than your cost if you did them.

That’s because professional house buyers have relationships with contractors to whom they give lots of work throughout the year. So they get a better price which means your offer will be higher too.

Why Sell Your House in Houston As Is to Signature House Buyers

In your search for reputable and professional house buyers you will find that the investor space is unfortunately riddled with con artists, scammer and shady characters. Selling your house as is to an investor is a great option if your house needs substantial repairs but you still need to find a house buyer you can trust. Here are 6 top reasons why you should consider selling your house to Signature House Buyers:

  • Get more cash for your house because we can afford to pay more. Signature House Buyers renovates and holds properties long term so we can pay you much more than a house flipper or middleman.
  • ZERO commissions or fees. When you sell to us, you won’t have to pay any commissions or fees of any kind and the offer you see is the offer you get. No smoke and mirrors.
  • Don’t fix a thing – not even clean. When we buy houses in Houston, Cypress, Katy and Spring, you don’t have to fix a thing or clean the house. You can just move on and leave the repairs and cleaning to us.
  • Decades of experience buying Houston houses. We have been buying houses for decades and have an impeccable reputation in the community.
  • Family Owned Business. When you sell to Signature House Buyers you are selling to a family owned company, not some nameless, faceless corporation.
  • Community focused. We are on a mission to improve our community one house at a time. We want to provide a nice, healthy and clean home for our friends and neighbors to live in.

Source for featured image: Photo by Blue Bird from Pexels

“I Inherited a House in Houston.” Here’s what you should do next

If you recently inherited a house in Houston, you are probably faced with a mixture of emotions. On one hand, you are still grieving for your loved one. It’s hard to make important financial decisions in that difficult emotional state. On the other hand, you just inherited a house and now don’t know what you should do next.

Inherited House: Asset or Liability?

The house you inherited can be a valuable asset or a drain on your finances. This depends on the condition of the property.

Often, inherited properties come with years of deferred maintenance. As such they need substantial repairs to bring the inherited property back in good condition. Unfortunately, if you decided to keep the property, the person responsible for these repairs is you.

In addition, you have to pay the holding costs for the property to secure it, keep the lights on, pay the property taxes and so on. 

However, if you are able to make the repairs, this property can be a valuable asset that you could rent out.

Inherited a House: Keep or Sell?

inherited a house
Photo by Tima Miroshnichenko from Pexels

If you want to own the property long term and have the resources to make substantial repairs, then you should keep the property. It is important to move forward with the repairs as soon as possible. Once the repairs are complete you will have a valuable property that you can enjoy for many years to come or rent out as an investment.

But what should you do if you have no interest in owning the inherited property and especially if you don’t have the means to pay tens of thousands in repairs? 

The solution is to sell the unwanted property so you can use the proceeds to make your life better. But what’s the best way to sell an inherited property in Houston?

Best Ways to Sell Inherited House in Houston

If you decide to sell your inherited home in Houston that you don’t want to keep, you have a couple of options.

Selling your inherited home with a real estate agent

One way to sell your inherited home in Houston is to list the property with a real estate agent. The listing price will likely be closer to market value and the home advertised on the open market.

That sounds like a good idea until the home actually hits the market. Once Buyers walk through a property that needs thousands in repairs, they are not interested. Regular Buyers don’t want to take on a project of that magnitude. As a result, you might not get any regular buyer offers.

At the end of the day, all you are likely to get is investor offers that account for the substantial work that the property needs. But here’s the kicker: Because you listed the property with a real estate agent, you are now stuck paying high real estate commissions and closing costs.

Selling your inherited home direct to a professional house buyer

The best way to sell your inherited house in Houston that you don’t want to keep is to sell it fast for cash to a professional house buyer.

Signature House Buyers will make you a no-obligation offer on your home within 24 hours. We renovate and keep the properties we buy long term so we can afford to pay you more for your house. Our offer is guaranteed to close because we have the cash in the bank.

We will buy your house as is. You don’t have to make any repairs or even clean. Leave all repairs and cleaning to us. Also, we are flexible with your closing date and can close on your timeline.

Then we can close lightning quick (often in 7 days or less) and you can have the money in your bank account right away to use it as you see fit. 

How to stop foreclosure in Houston when you are behind on your payments

When you fall behind on your mortgage payments, foreclosure is right around the corner. You might get discouraged and feel that all is lost. All that financial stress makes it  impossible to think clearly and take action to avoid foreclosure. But there is good news. You do have options, all is not lost if you act quickly. In this article, I will show you how to stop foreclosure in Houston when you are behind on your mortgage payments.

Why Is It Important To Stop Foreclosure On Your Home

There are at least 3 good reasons why it is important to stop foreclosure in Houston before it happens to you:

  • Foreclosure is very destructive to your credit. Once a bank has foreclosed on you, it is like they dropped a bomb on your credit. Foreclosure destroys your ability to use credit for at least 7 years.
  • You can owe money to the bank even after foreclosure. When a bank takes back the house, that’s not the end of the story. They will try to sell the house and recover the amount they are owed. If they can’t sell the house for enough to cover what you owe them, they will sue you for the difference.
  • Foreclosure is not inevitable. Sometimes when that constable posts that scary notice on your door, you think foreclosure is inevitable. But the truth is banks would rather avoid foreclosure as much as you do. While foreclosure can seem like an insurmountable challenge, it can be solved by better communication, knowing available options or selling your house before it happens.

Keep or Sell the Home?

how to stop foreclosure in houston
Photo by Olya Kobruseva from Pexels

The first step you must take to stop foreclosure in Houston is answer one important question. Can you keep the home or do you want to sell it?  

Sometimes, the financial difficulties that made you fall behind on your payments were just temporary. Maybe you lost your job and couldn’t afford the mortgage for a few months. Now you have secured new employment and the income is coming in again. But you just can’t seem to catch up with the back due amount.

Or, maybe you were facing financial distress due to a medical issue and had to use your money to take care of that issue instead of paying the mortgage. Whatever the situation, if the situation is temporary and you can afford the regular payments, your best option is to keep the home. 

But what if your financial situation has changed permanently and you can’t afford the home anymore? Then, the best solution is to sell your Houston home fast before the bank takes it at the foreclosure auction.

How To Stop Foreclosure In Houston And Keep Your Home

If you want to stop foreclosure and keep your home, the key is communication. When facing financial distress the natural reaction is to “clam up” and stop communicating with the bank. It’s not a pleasant situation and you’d rather not face it.

In fact, you’ve stopped taking their collection calls completely. In reality, the best thing to do is the exact opposite. Call your bank right away and explain your situation to them. It’s important to understand that foreclosure is not a great solution for the bank either. The bank would prefer that you stay in your home and resume making payments to them. 

They might offer you  several options to keep your home.

  • Loan modification: The bank changes the terms of the loan to get you back or track. For example the bank can change the loan from a 30 year payment to a lower 40 year payment. Or, they will postpone the past due balance to the back of the loan and let you resume making regular payments. 
  • Payment plan: Instead of paying all the past due balance now, they can break it up and allow you to pay it over time with a payment plan.

How to Stop Foreclosure in Houston and Sell your Home Fast

how to stop foreclosure in houston by selling your home fast
Photo by Lamar Belina from Pexels

If your financial situation has changed permanently and you can’t afford the home, the best solution is to sell. The timing is critical in these cases because you must sell your home quickly before the bank takes it in foreclosure. If foreclosure is right around the corner, a regular sale through a realtor just won’t do. Here are 3 solid reasons why:

  • The average listing sits on the market 60-90 days before a Buyer makes an offer to buy it.  In this case, that kind of time just isn’t available.
  • Even when you find the Buyer, the majority of home sales through realtors require mortgage financing and can take 30-60 days to close. 
  • Finally, regular home sales need the home to be in great condition. Often, that requires thousands of dollars in repairs before the home is listed. 

When foreclosure is just a few days away, the best option is a fast all-cash sale. You need a solid written cash offer from a reputable and professional house buyer within 24 hours and closing in 7-10 days.

Why Sell Your House Fast to Signature to stop foreclosure

If you need to sell your Houston house fast to stop the foreclosure process, you need a professional house buyer that you can trust. The risk is too high to sell to an investor that will not be able to perform.

Here are 7 Reasons why you should choose Signature House Buyers to sell your house fast.

We are direct buyers that will close fast

Many so called house buyers are just middlemen that tie up your property in a contract that they cannot close on unless they find a real buyer to take it over. Signature House Buyers is a direct buyer. That means we have the cash in the bank and we will close on time.

Signature House Buyers pays more for your house

Most investors that buy houses in Houston are “house flippers” or “wholesalers”. That means they are looking to quickly resell the home for a profit. We don’t do that. Instead, we renovate and hold our properties long term so we can afford to pay you more cash for your house.

We have impeccable reputation and integrity

Unfortunately, real estate investing attracts a lot of fly-by-night con men and pretenders. We buy houses in Houston for over 15 years and have kept an impeccable reputation during that time. Signature House Buyers is here to stay and you can count on us to deliver.

Signature House Buyers cares about the community

Even when you have to sell your home to keep it from going into foreclosure, you want it to be a good home for a friend or neighbor. That’s our mission. We are investors looking to improve the community one house at a time by providing safe, clean homes for our friends and neighbors.

We will buy your house as-is for cash

You don’t have to make any repairs or even clean. We take care of all of it. You just move on to the next chapter in your life

Zero commissions, fees or closing costs

When you sell to us, you won’t have to pay any real estate commissions or any other fees of any kind. We will even pay for all the closing costs.

Flexible moving arrangements

If you need a few days after closing to make arrangements to move, we will work with your timeline to make the move as smooth as possible.

You might be thinking: Don’t cash sales usually happen at a price below market value? Typically yes. But, a fast cash sale will stop foreclosure and you will avoid losing 100% the equity in your home. Wouldn’t it be preferable to recoup some of the equity so that it will serve you on the next chapter as you put your life back in order? 

In summary, if you’re facing foreclosure you do have options. First, decide if you can keep the home or if you should sell it and move on. Regardless of the decision, timing is critical so you must act swiftly. If you decide to keep the property, communicate with your Lender at once, tell them about the situation you are facing and ask them for options. If you no longer can afford the mortgage, sell the property quickly AS-IS for cash. It will stop the foreclosure and you will avoid losing all the equity in the property.

How To Sell Your Home Fast in Houston, Katy, Spring or Cypress – The Ultimate Step-by-Step Guide

If you want to learn how to sell your home fast in Houston, you have come to the right place! There are many different ways to sell your house.

Some sellers decide to use a real estate agent, others choose to sell fast to a professional house buyer. And still, others go it alone and put their house “for sale by owner”. The truth is there is no one-size-fits-all solution. The best way to sell your house depends on many factors:

  • The condition of the property
  • Your financial situation
  • Available time to sell
  • Available resources to make repairs

In this Ultimate Guide, I will show you the top ways you can use to sell your Houston home fast. Next, I will compare them side by side so you can make the best decision that works best for you. Then, I will go over the exact step-by-step process to sell your home fast in Houston, Katy, Spring, Cypress. Last, I will cover some frequently asked questions about selling your home as-is to a professional home buyer.

Before we dive in, let’s take a brief look at the housing market in Houston, Katy, Spring, and Cypress, TX.

Housing Market in the Houston Area

Housing market in houston to sell your home

Things to Know About Housing Market in Houston Before Selling Your Home

The housing market in Houston has been strong over the last few years. The combination of low rates and lots of people moving to the Houston area has created strong demand for homes. On the other hand, the supply of homes has been shrinking. What this means is that there are fewer available homes for Buyers to pick from.

What this means is that it’s a good time to be a Seller of a home in excellent condition. Most Buyers (especially out-of-state ones) are looking for homes that are move in ready. Moving to a different state is challenging enough. They don’t want to undertake a fixer-upper project on top of it, too. So, if your home needs substantial work, the demand from Buyers may not be as strong.

The housing market in Houston has been benefiting from some positive trends in the national real estate market since 2012. The question is will these positive trends continue in the future? No one can predict the future with 100% accuracy but there are signs of change in the air.

Mortgage interest rates have been rising rapidly. According to Freddie Mac, “the average rate on a 30-year, fixed-rate mortgage rose to 3.92 percent. This is the highest rate since May 2019. A year ago, the average rate was 2.81 percent”.

As mortgage rates rise, the demand for houses falls as fewer buyers can afford the higher payments. Eventually, this can lead to a shift in the balance where buyers are in the driver’s seat driving prices lower.

The Houston housing market is backed by a strong local and state economy. However, even the strongest economies go through up and down cycles. What this means for you is that it might be best to sell your Houston home before the market changes.

Housing Market in Katy is Very Beneficial to Sell Your Home

Sell your houston home fast in Katy

Katy is a popular suburb on the west side of Houston on Interstate 10. The area is known for excellent schools as well as great retail and dining. When it was originally developed, the Katy area quickly became popular. The main reason was its proximity to the Energy Corridor and its oil and gas jobs.

Like the rest of Houston, the Katy real estate market has been good for Sellers. Buyers are attracted to the exemplary Katy ISD school system so they’re flocking to the area. Also, the Katy area still offers good opportunities to buy new construction homes in large master planned communities. These neighborhoods have nice included amenities like community pools, hike and bike trails, golf courses, and more.

The market has been favorable to newer homes in areas like Cinco Ranch. However, the same cannot always be said for older homes in Katy. Buyers prefer newer homes so they tend to shun older homes because they come with major repairs that are due in short order like roof, siding, and HVAC replacement.

Do your home repairs that should have been done long ago but haven’t? This is another factor why this type of home might not benefit as much from the current housing market in Katy.

Quickly Sell Your Home in Spring

sell your houston house fast in spring

Spring is a popular suburb on the north side of Houston located just south of the Woodlands on I-45. The older part of Spring (east of I-45 and south of the Woodlands) has older homes. These homes are zoned to Spring ISD. The newer parts of Spring are Klein (west of I-45) as well as east of 45 along the Grand Parkway. These sections are zoned to Klein ISD and Conroe ISD respectively – both of which are great, sought-after school districts.

The real estate market has been good to Sellers of newer homes zoned to Klein and Conroe ISD. That’s because Buyers are attracted to exemplary schools. The Spring area still offers opportunities to purchase new homes, especially in the northeastern quadrant.

The market has been favorable for newer homes in popular areas like Gleannloch Farms, Auburn Lakes, and Harmony. However, the housing market on the southeast side of Spring has lagged because Buyers prefer new or new-ish homes. They shun older homes in the Spring area due to upcoming major repairs like the roof, siding, and HVAC replacement.

Cypress is a Great Place to Sell a Home

Sell your houston home fast in cypress

Cypress is a popular suburb on the northwest quadrant of Houston on Hwy 290 that connects the city to Austin. This area has experienced robust growth in the last decade. Rapid development has brought master planned communities, outlet centers, and hospitals to the area. Buyer demand has been high and interest rates and available inventory has been low.

As a result, the housing market in the Cypress area has been rampant. This is especially true for newer homes in desirable master planned communities like Bridgeland and Towne Lake. Sellers have been in the driver’s seat and prices have risen. Older homes built in the 1980s have not participated as much in this strong market.

Ways to Sell your Houston Area Home Quickly

After covering the housing market in Houston and the suburbs, it is time to go over the top ways you can sell your Houston house fast.

Sell Your Home by The Owner in and Around Houston

Some homeowners want to sell their home for the maximum price at lower costs than a traditional sale through a real estate agent. So they put their home on the market “for sale by owner” and try to sell it themselves.

These owners don’t see the value in the services of a real estate agent and think they can get the same results at a fraction of the cost. There are many online services that have sprouted up to help these homeowners market their properties, including some that will let them post on the MLS.

At the end of the day, the owner feels that no other person will try harder to sell their home than they will. And if they can save thousands doing it, they figure it is worth a try. But is it?

Process of Selling Your Houston-Area Home Right Away by Owner

Quickly sell your houston home by the owner

When you sell your house “for sale by owner”, the process can last 3-4+ months from start to finish. Unlike a real estate agent who sells houses full time, for most For Sale by Owners this is their first time. So there’s definitely a learning curve. Here are the steps in the process when you sell your home for sale by the owner.

Figure Out the Right Price of Your Huston-Area Home

The hardest thing when you sell your home by owner is to determine the correct asking price for their property. Typically, homes for sale by owners are either substantially underpriced or grossly overpriced. This makes perfect sense when you consider that most owners’ knowledge of the market is anecdotal.

For example, an owner might know that “the Joneses around the corner listed their house for X”. However, the owner does not have access to the MLS system to get the full picture of comparable sales in the neighborhood.

Knowing the asking price of a property is a data point but it doesn’t tell the complete story. Also, homeowners are emotionally involved with their property and as such, they’re biased by definition. So they tend to overvalue the features of their home and discount those of others.

Handle Your Own Showings and Open Houses to Quickly Sell Your Home

When you sell by owner, you have to coordinate your own showings and open houses. You have to provide access to the property and accommodate showings at a time that works for prospective buyers.

The majority of the time the Seller will be present for these showings which can make the Buyer uncomfortable. They will feel like they are being supervised and will not be comfortable viewing at their own pace.

Also, the Seller’s emotional involvement gets in the way here too. Sellers get defensive and argumentative when a buyer points out flaws in the property. Unlike a professional agent that moves the conversation forward toward closing, an inexperienced Seller can get in the way of a sale.

The Contract is a Must While Selling Your Home

Suppose a Buyer is interested and wants to make an offer on your house for sale by the owner. Who is going to prepare the purchase contract? According to the NAR Survey of Buyers and Sellers, over 89% of Buyers are represented by a real estate agent. Therefore, the most likely scenario is that the Buyer will have an agent representing them.

The Buyer’s realtor will likely prepare the contract which solves that problem. But will the Buyer’s Realtor prepare a contract in a way that’s beneficial to you? Not likely because the realtor has a duty to advance the interests of the buyer.

Also, do you feel comfortable with your knowledge of purchase contracts and disclosure forms to negotiate with a seasoned agent that negotiates for a living? How about your ability to avoid a future lawsuit for improper disclosure?

Sign a Closing Disclosure After Selling Your Home

Now we get to the final part of the process: the closing. The title company will send out the final closing disclosure and parties will go sign closing papers at their office.

How familiar are you with closing disclosures? Are you able to tell which fees should be paid by the Seller and which by the Buyer?

The title company representative will be there to go over the documents so that’s a plus. But it’s not their job to represent you and advocate for you like an agent would. They are supposed to be impartial.

Pros and Cons of Selling Your Houston-Area Home by the Owner (FSBO)

Sell your houston home right away

Selling your Houston house for sale by the owner can be a viable option for some Sellers. For others, it might be a disaster. That’s why it’s a good idea to consider the pros and cons of selling For Sale by Owner (FSBO).

Pros of Selling Your Houston-Area Home By Owner

  • Selling your house FSBO can save you money. In a best case scenario, if you were to price your home properly and sell it to a buyer that doesn’t have an agent, you can save the commissions on the sale.
  • You will give maximum effort to sell the house. As they say, no one will work harder than you to sell your house than you will. An agent has multiple listings, you only have one priority.

Cons of Selling Your Home Near Houson By Owner

  • Selling by owner (FSBO) does not usually save you money. As mentioned earlier, 89% of Buyers have an agent. This means you will not be able to save the fee that their agent gets. You can still save the listing agent fee. However, those savings are usually overcome by leaving money on the table by underpricing and inferior negotiation skills. FSBO listings typically sell for anywhere from 6-24% less than agent listed properties in the same neighborhood.
  • Selling by the owner is a potential liability nightmare. We live in a very litigious society. The most common cause of real estate related lawsuits is non-disclosure. When you try to sell the house on your own you assume all the potential liability that could be avoided with the guidance of an expert.
  • Selling by the owner (FSBO) is not effective. As much as 80% of owners who try to sell their house on their own end up listing with a real estate agent. They would not do that if selling by the owner was effective. This is even more true during challenging markets. Even the founder of ForSalebyOwner.com sold his condo using a realtor.
  • Selling your house yourself is a lot of work. Even in the off chance that you sell the property AND save some of the commission, it’s not a pretty picture. When you compare the savings to the number of hours you have to spend, you quickly realize that it’s not worth it.

If you’re looking to get the maximum price for your home, a better option might be to work with a real estate agent. I will go over that option next.

Quickly Sell Your Home in and Near Houston with a Real Estate Agent

Fast sell your houston home

One of the most common ways to sell your house is to hire a real estate agent. Licensed agents list your home for sale on the MLS. They typically charge commissions of up to 6% of the sales price.

In addition, you are responsible for closing costs which can amount to an additional 2-3% of the sales price. Last, during a Buyers market, they will ask for assistance to help pay for their closing costs.

This can amount to 3-6% of the purchase price depending on the type of financing the buyer is using.

Process of Selling Your Houston-Area Home With a Real Estate Agent

When you sell your house with an agent, the process can last 3-4+ months from start to finish. In some cases, it can be faster if the market is favorable or the Buyer is paying cash. Here are the steps in the process when you sell your home with a Realtor.

Listing Appointment and Agreement Before Selling

First, you interview 2-3 real estate agents and sit through their hourlong listing presentations. The agent will share what they plan to do to market the home. At the end of this process, you will hire one of the agents.

They will require that you sign an exclusive contract to sell the house through them. The length of the contract varies but typically it is a 6-month commitment. During this time, you must sell the property through that agent. you can’t use any other agents or sell it yourself.

Pre-inspection of Your Home

Next, your agent will suggest doing a pre-inspection of the house with a licensed inspector. Here, the inspector identifies any required repairs. Then the agent will ask you to make those repairs prior to listing the home on the market.

You are responsible for the cost of this inspection. The main benefit of pre-inspection and doing the repairs is that the sale will usually go a lot smoother.

Declutter and Depersonalize the Home in the Houston Area to Get Better Selling Price 

Your real estate agent will suggest that you do some improvements to the home to make it more marketable. This typically includes re-painting, re-carpeting, replacing appliances, plumbing, or light fixtures. You are responsible for the cost of these make ready repairs.

Furthermore, your agent will ask you to declutter and depersonalize the home so it will appeal to most buyers. The make ready can be costly but the benefit of doing it is that you get a better price when you sell.

Good Photographs and MLS Listing to Sell Home Fast

Once the home is ready for sale, the Realtor will need photographs for the listing. He will either have a photographer take professional photos or take the photos himself. Some agents pass the cost of the photography to the owner and others include it as part of their services.

Good photographs are critical to the sale of your home since they are the first impression prospective buyers will get. Last, the real estate agent will enter the home in the MLS where agents and buyers look for homes.

Showings and Open House to Sell Your Home Fast

Now that the home is listed on the MLS, it’s time for showings and open houses. During this time, you are responsible for keeping the home in immaculate showing condition. This can be challenging especially if you still live in the home.

Also, you will have to leave every time there is a showing or any open houses. The average duration of an open house is 3-4 hours. Open houses are very effective marketing tools for the real estate agent to get new buyer clients. But, they’re very ineffective at selling the house itself. According to the NAR, “just 7% of buyers found the home they bought by visiting an open house.”

Offer, Contract, and Inspections For Your Home 

When a Buyer is interested, they send an offer to buy the house to your real estate agent. Your agent is required by law to present you all the offers and explain the terms to you. Then, you have to make a decision on which offer to accept and execute a binding contract with that buyer.

Once the contract is signed, the Buyer will deposit earnest money with the title company (1% of the purchase price). They will also pay you a $150-250 fee for the right to back out of the contract for 7-10 days.

During those 7-10 days, the Buyer will do their own inspection of the property. The purpose of the inspection is two-fold. On one hand, the Buyer wants to make sure there are no “dealbreaker” issues with the house. On the other, they will use the inspection report as a tool to lower the purchase price in the contract.

During these 7-10 days, the Buyer can back out of the contract for ANY reason. If they back out, all it would cost them is $150-250. 

Buyer Will Get Financing to Buy the Home

Once the inspections are over, the Buyer will work on getting their mortgage financing in order. Some buyers will pay cash although this is rare. According to the NAR survey of Buyers and Sellers from 2018, 90% of home buyers used mortgage financing.

As part of this process, they will send a licensed appraiser to determine the market value of the property. The home must appraise for the purchase price for the Buyer to get a mortgage. If it doesn’t, the Buyer has the option to walk or lower the price further.

Appraisals are one of the main reasons real estate deals fall through. According to the NAR Confidence Index, “23% of all sales are delayed and 12% fall through due to appraisals”. The process to secure a mortgage typically takes 3-4 weeks for a well qualified buyer. It could be longer if the Buyer has challenged credit or other issues.

Sign Closing After Selling Your Home

Now that the mortgage has been approved, it’s time for closing. In Texas, the closing is handled by a title company. The Buyer and Seller sign final documents to close the deal. After the closing is finished, the lender sends the loan money to the title company and they fund the deal.

As the Seller, you get a check for the sales price less your real estate agent commissions and closing costs. From that amount, you have to recover the money spent for repairs with the make ready and pre inspection.

Pros and Cons of Selling Your Home in and Around Houston with a Real Estate Agent

Pros and Cons of selling your home

Selling your house with a real estate agent can be a good option for some Sellers. For other Sellers, it is a bad decision with serious consequences. That’s why it’s a good idea to look at the pros and cons and decide if it makes sense for you.

When to Sell Your Houston-Area Home With a Real Estate Agent

You might want to sell with an agent if you:

  • Have a home in excellent condition
  • Value getting the highest price over speed
  • Need a professional to hold your hand throughout the sale
  • Have plenty of time available to get the deal closed
  • Can keep the home show ready and don’t mind lots of showings
  • Aren’t selling a tenant-occupied home
  • Are current on your mortgage payments and taxes

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When Not to Sell Your Houston Area Home With a Real Estate Agent

Instead, it would be a bad idea to sell your home with a real estate agent if you

  • Have a home that needs substantial repairs
  • Don’t have the money to make repairs
  • Value closing quickly over getting the highest price
  • Don’t want lots of showings and open houses
  • Are selling a tenant-occupied home
  • Want a guaranteed sale that won’t fall through
  • Are you behind on your mortgage payments and taxes

If that is your situation, you might be best served by selling your house as-is to a professional investor.

Sell Your in or Near Houston Home Fast to an Investor In As-Is Condition

If the house you need to sell needs substantial repairs or you’re in a financial bind, you don’t hire a real estate agent. As we covered in the previous section, agents are best for selling homes in good condition with plenty of time available. If your house needs thousands of dollars in repairs or if you’re behind on your mortgage payments, you don’t have the luxury to wait.

Furthermore, you don’t want a sale that might fall through due to financing or inspections. You need a quick sale that’s guaranteed to close on time. That’s when you should consider selling your house to a professional investor in as-is condition.

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Process of Selling Your Home to a Professional Investor in the Houston Area

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When you sell your house as is to a professional investor, the process can take as little as 10 days from start to finish. This is because professional investors often pay cash and/or have their financing ready to go. Here are the steps in the process when you sell your home as is to a professional Investor.

Investor Price vs the Regular Buyer Price For Your Home

The preliminary step to selling your house to an investor is to understand the differences between the investor price and the regular buyer price. As I covered in the section about selling your house with a realtor, the sales price is NOT what you get when you close. In that scenario, you have to pay realtor fees, closing costs, make ready repairs, inspection repairs before you get your cash.

When you sell to a trustworthy investor the price they offer you is the price you get. That’s because there are no realtor fees when you sell to an investor. Also, you don’ have to make any repairs when you sell your house as is. Professional investors also pay for the closing costs so you don’t have to pay those.

The important thing is that when you sell you should focus on the net price you get at the end of the day, not the “sticker” price.

Find a Professional Investor to Buy Your House Fast

Selling your Houston house to a professional investor is Easy. The hard part is finding a professional investor that’s transparent and trustworthy. There are lots of shady companies, posers, and pretenders out there. How do you find the good guys?

  • Professional Investors are Direct buyers. Some companies only pretend to buy your house when in reality they’re just middlemen. They tie up your house with a contract and then hope to find a real buyer to pay more and pocket the difference. When dealing with a professional investor ask for a bank statement as proof they have the funds ready in the account. Also, the biggest telltale sign that they’re a middleman is that they add “and/or assigns” to the buyer’s named in the contract.
  • The Best Investors renovate and hold long term. If you want to sell your house as is and get the most for it, you should sell to an investor that renovates and holds long term. Most investors that buy houses are house flippers. They just want to do a quick surface renovation and quickly resell for a profit. Since a house flipper has to pay for renovations, realtor fees, and closing costs plus make a big profit upfront, they can only make you lowball offers. Investors that renovate and hold, don’t have the same costs and they make their money over time. Because of that, they pay you more.
  • Trustworthy investors have been around a long time. Real estate investing can attract some fly by night shysters looking to prey on people. The good guys have experience and have been around a long time. Their success leaves clues with positive reviews and a good reputation. They always use a reputable title company to close their deals. If an investor tries to convince you that you don’t need to close at a title company, RUN and find a trustworthy investor instead.

Meet with an Investor and Get An Offer For Your Houston-Area Home

Sell houston home in no time

Once you’ve identified a trustworthy and professional investor, they will want to walk the property to assess its condition. Unlike when you sell with an agent, you can show the house in its current condition because the investor will buy it as is.

Also, you won’t need to show it to dozens of potential buyers. Once they’ve reviewed the condition of the property, a professional investor will send you an offer to buy your house in 24 hours. Without sounding like a broken record, remember that the price offered is the price you get as there are no commissions or repairs.

A conscientious professional investor will also be flexible with your timeline and let you close on the date that makes the most sense for you. If you’re looking to close lightning fast, an investor can close as soon as the title company has the title work ready (as little as 7 business days). Or if you need time to get things in order, the investor can make the closing fit your plans.

Sign Closing Papers of Your Home and Get Cash

Unlike selling with a real estate agent, investor offers don’t come with inspection and financing contingencies that give regular buyers outs from the contract. For that reason, once you’ve signed the contract and the title company is ready to go, you can close on the house and get your cash.

The closing is a pretty quick process for the Seller. The whole thing takes about 15 minutes. You will sign the closing statement, the deed to the new owner, and some simple disclosures. Then you’re done.

The title company will ask you if you want your money sent via wire or cashier check. If you get it via wire, you will have the money in your account the same day. If you get a cashier’s check, the bank will sometimes hold the funds for a few days, especially if the check is for a large amount.

Move On In Your Life After Selling Your Home

When the closing is done and the cash hits your bank account, you get to do the best thing of all: Move on to the next chapter in your life. Whatever situation made you sell the house is now behind you and you can start fresh.

No more being behind on mortgage payments or property taxes. No more problem tenants or evictions. The problem property that was dragging you down is your problem no more. It’s time to turn a new leaf.

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Pros and Cons of Selling Your House to an Investor On As-Is Condition Near Houston

Selling your Houston house fast in its current condition to an investor can be a great option for some Sellers. For others, it might be a good fit. That’s why it’s a good idea to consider the pros and cons of selling to an investor.

Pros of Selling Your Houston House to a Professional Investor

  • Professional investors will buy your house AS IS. You don’t need to worry about making repairs or even cleaning the house. You can simply sell and go.
  • Investor offers are GUARANTEED. Unlike offers from regular buyers, investor offers don’t have any financing or inspection contingencies. Also, investors don’t need appraisals.
  • Investors buy homes that need substantial repairs. The overwhelming majority of regular buyers use financing. If your home needs serious repairs, most mortgage companies will not finance it. Professional investors can pay cash or have bank financing lined up that isn’t dependent on the condition of the property.
  • When you sell to an investor you can close FAST. If speed is important to you, no buyer will be at the closing speed of a professional investor. Since they have the cash ready, they can close as soon as the title company is ready. Regular buyers need 30-60 days to close and you may not have that much time if you’re behind on payments.
  • Investors are more FLEXIBLE with closing timelines than regular buyers. Since investors don’t plan on living in the home, they can be more flexible and work with your schedule. Regular buyers are usually moving from somewhere like another house or apartment and need a place to stay.

Cons of Selling Your Houston House to a Professional Investor

  • Investor offers are NOT a good fit for homes in great condition. If your house is well-maintained and in great condition, you would be best served to sell it with a real estate agent.
  • Selling a house to an investor prioritizes speed over price. The best benefit of selling to an investor is the speed they can close the deal. If you prioritize getting the maximum possible price and have enough time to get it, you should consider selling with a realtor.

Infographic: Side by Side Comparison of Home Selling Options in and Around Houston

Sell your houston house fast - infographic

  For Sale By Owner Real Estate Agent Professional Investor
Days to Close 60-90+ days 45-75+ days 7-10 days
Price 24% Less than Mkt Market Value 10-15% Less than Mkt
Commissions 3% of Price 6% of Price ZERO
Closing Costs 4-5% of Price 3% of Price ZERO
Repairs Owner Responsible Owner Responsible No Repairs
Contingencies Inspect/Financing Inspect/Financing NONE – Guaranteed
Time to Sell 2-3 months 1-2 months 24 HOURS
Fall Through? Yes Yes No – Guaranteed Sale
Home Condition Average Excellent Avg or Needs Repairs
Side by Side Comparison of Top Ways to Sell Your Houston Home

Quickly sell your home in Houston

Sell Your Home Fast

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Why You Should Choose Signature House Buyers For Selling Your  Home Near Houston In No Time?

Now that you’ve evaluated all the pros and cons of the top ways to sell your Houston home you’re ready to take the next step. If you’ve decided that the best option for you is to sell your house fast to an investor, you have an important decision to make. Which company should you sell your house to? There are at least 6 great reasons why you should choose to sell your Houston home to Signature House Buyers.

  • You will get more money for your house because we can afford to pay more. At Signature House Buyers we renovate and hold our properties long term so we can pay you much more than a house flipper or middleman. Since we don’t plan to resell anytime soon, we don’t have the same costs they do which means we can make higher offers and you get more cash.
  • We don’t charge commissions or fees of any kind. With a Signature, House Buyers offer what you see is what you get. No smoke and mirrors and no illusions. When you sell to us, you won’t have to pay any commissions or fees of any kind.
  • You don’t have to fix a thing – not even clean. When we buy Houston houses, you don’t have to make any repairs or even clean the house. You can just move on and leave the repairs and cleaning to us.
  • We have decades of experience buying Houston houses like yours. Unfortunately, the real estate investment space has a lot of shady, fly-by-night characters in it. We have been buying houses for decades and have an impeccable reputation in the community.
  • You are not selling to a mega corporation. In the last few years, we have seen the emergence of iBuyers. These are mega corporations backed by venture capitalists that seek to control the real estate market. When you sell to Signature House Buyers you are selling to a family owned company, not some nameless, faceless corporation.
  • We care about the community. At Signature House Buyers we are on a mission to improve our community one house at a time. We want to provide a nice, healthy and clean home for our friends and neighbors to live in.

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