Selling a home can be a difficult decision. You may be unsure whether to list your home on the market, consider foreclosure, or sell it for cash.
Here are five reasons why selling your house for cash in Houston, TX is a good idea.
Prices Are Increasing
Houston, TX is experiencing a rise in prices lately. Some people might assume that accepting a cash offer means settling for less, but the truth is that property investors in this area are willing to pay a premium like never before. As prices continue to increase, you might end up making more money from the sale of your property than you expected. The Covid-19 pandemic has made it difficult for investors to buy properties, causing homeowners to accept higher cash offers than in 2018 and 2019.
Are you worried about your run-down house passing inspections or dealing with contingencies? Selling your Houston house “As-is” can eliminate the hassle of the retail buying and selling process. Buyers may not even make an offer on a house if they cannot perform an inspection. Selling your house “as-is” means you don’t have to worry about discovering any hidden damages that could cost over $10,000.
When selling a home, many people overlook the 6% fees that the buyer and seller need to pay. This amount is divided equally between the seller’s agent and the buyer’s agent, and it can be a substantial sum of money. For instance, if your house sells for $200,000, the agent fees would be $12,000. However, if you sell your house for cash, there are no fees to pay, so the amount you are offered is the amount you take home.
When you need to sell your home quickly, it can be challenging to keep it clean for potential buyers. However, by accepting a cash offer, you can close on your house in as little as 10 days without having to wait for mortgage approvals, appraisals, inspections, or showings. These processes can take over 50 days, but accepting a cash offer gives you control over the closing time.
No Hidden Fees
Owning a home comes with various expenses including utility bills, property taxes, insurance costs, maintenance, repairs, and landscaping. These are commonly known as “Hidden Fees” because they are additional costs that accrue as long as you own the house. Additionally, closing on the house incurs appraisal fees, closing fees, and taxes. However, if you accept a cash offer, these expenses are included in the offer and there is no need for you to pay them separately. If you have any questions, contact us today at 832-966-3533. You can learn more about how we work here.