I’m relocating and need to Sell My House in Houston
Coordinating a relocation is a daunting task for many individuals. However, we receive numerous inquiries from local Houston homeowners daily, either through phone calls or submissions on our website, stating, "I need to sell my house in Houston as I'm relocating." Fortunately, we can assist a significant number of these homeowners in swiftly selling their properties, as we're presently purchasing houses in Houston, Texas.
Organizing the relocation process entails a significant amount of detailed work, in addition to the underlying reasons prompting the move, which often involves a significant life change. Typically, such changes are due to a new job or an ill family member.
In what ways can you maximize the potential benefits in a challenging circumstance?
First, organize – Don’t agonize.
It's not necessary to find oneself in a unfavorable position where you must pay for the ownership and upkeep of an unoccupied property for 1-2 years. This can become costly very swiftly, but it's avoidable.
Although the Houston housing market appears relatively stable presently, it's critical to recognize that circumstances can rapidly shift. Sadly, we've heard some distressing accounts over the last few years. Unless you're exceedingly wealthy, waiting out these fluctuations may not be a feasible option.
Without delay, how do you make informed decisions when faced with the options of relocating and needing to quickly sell your Houston, Texas property?
I’m Relocating, And I Need To Sell My House Fast In Houston. What Steps Do I Take And What Options Do I have?
First…
1. The first step is to determine your property's current market value, which you can accomplish by contacting a real estate agent or reaching out to us for a no-obligation assessment of your home. Once you have an understanding of your home's potential market value, you'll be better equipped to establish a timeframe for selling, based on your individual circumstances and preferences.
2. Determining how urgently you need to sell your home following your relocation is critical. Failing to do so can result in situations where individuals have their homes on the market for a year or more, ultimately selling for a considerably lower price than initially expected. It's crucial to establish a timeline for selling, taking into account factors such as the duration for which you can continue to manage mortgage payments, insurance, taxes, and other related expenses.
3. It's crucial to find a reputable real estate agent well in advance of packing up your belongings. Delaying this process can result in unnecessary expenses, as every day or month spent waiting to sell your property can result in financial losses. If you decide not to work with a real estate agent, we're here to help. As a well-known local home buyer, we're happy to provide a swift, equitable, all-cash offer. To begin the process, please complete the form via this link.
4. It's natural to desire the highest possible sale price for your home, but it's crucial to consider the costs associated with holding onto the property. Expenses such as mortgage payments, property taxes, insurance, and maintenance can quickly accumulate, resulting in significant "non-equity building" costs. For example, if you're seeking to sell your home for $200,000, and your monthly expenses total $1,600 (mortgage, taxes, insurance, and maintenance), waiting seven months to sell through a real estate agent can result in more than $11,200 in holding costs. Additionally, real estate agent fees (6% total, assuming 3% each for the buyer's and seller's agents) would amount to $12,000, resulting in a loss of approximately $23,200 in profits. This doesn't factor in the costs of time, stress, and missed opportunities. Alternatively, if you have the option to sell your home within the next week, even at a discount or below retail price (e.g., $175,000), you can avoid the hassle and expense of holding onto the property, which would ultimately result in a net gain of approximately $30,000. It's essential to consider these factors when determining whether to sell your property now or wait for a higher retail price.
5. It's crucial to take action and move forward with your decision, whether you choose to work with a real estate agent or explore alternative options. If you opt for the real estate agent route, we can assist in finding a reliable agent in the Houston, Texas area. Alternatively, if you prefer to sell your home without paying real estate agent commissions, selling to us may be your best option. Regardless of your decision, taking action promptly is essential to achieving your desired outcome.
If you have a considerable amount of time and a flawless property, you may consider testing the market by offering it at a high retail price. There's a chance that someone may fall in love with the property and be willing to pay more than the market value, as people can be known to make irrational decisions when it comes to matters of the heart.
In reality, the majority of properties that we come across tend to be average. They appear ordinary when compared to neighboring houses in a similar fashion to how people who reside near each other often share many similarities. Therefore, unless your property is genuinely unique and extraordinary, such as being of magazine-quality, pricing it at the highest point in the market may not yield the maximum return on investment.
Another option is to market your property for both rent and sale simultaneously to gauge which generates interest first. However, it's crucial to retain control over this process, as it can become confusing even for experienced real estate brokers.
In unique circumstances, we collaborate with property owners to establish a lease option agreement. This option entails highly qualified buyers renting the property for a predetermined period before finalizing the purchase.
In certain instances, we may explore the option of renegotiating a loan, making monthly payments, or engaging in a potential short sale with a bank.
Our team takes pride in assisting individuals in resolving complex issues, and we welcome the opportunity to assist you and your family.
Innovative solutions can help bridge any gaps to ensure that you reach your intended destination.
Who We Are And How Can We Help You If You’re Relocating And Need To Sell a House In Houston?
As local Houston-based real estate investors, we strive to support our families while simultaneously enhancing neighborhoods by purchasing homes from Houston homeowners who need to sell quickly for a variety of reasons.
Individuals who prefer to work with us include:
- Need to sell fast (we can close in as little as 10 days if you need us to)
- Prefer not to hassle with listing a property with an agent
- Don’t want to pay any real estate agent fees
- Unable to sell their house as is (we buy houses in as-is condition)
- … or a variety of other challenging situations
Despite our professional roles, we're just like you, and we strongly believe in supporting our local community and economy.
We provide an all-cash offer and can complete the transaction promptly with our cash resources.
If you choose to hire professionals and are willing to wait, you can effectively manage the sale of your property from a distance. In some cases, waiting and employing this approach can lead to a positive outcome.
We are thrilled and eager to assist you in addressing any pressing concerns you may have about your Houston real estate situation. Please don't hesitate to call us now at 832-435-5731, and we'll be available to provide prompt answers and support.
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