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The Best Way to Sell Your Big or Small House in Texas

laserdmarketing@gmail.com (Tyler Graves) — Tue, 01 Dec 2020 01:27:51 GMT

The Easiest Way To Sell Your House Fast in Texas

Selling your house in Texas can be a hassle. Selling through a realtor can be a very long process with endless showing, inspections, and follow up. The best way to sell your home in Texas whether it be big or small is through a real estate investor like rely on bell. We can take care of the entire selling process in one simple move by touring your home, giving you an offer, and you accepting the offer as simple as that.

Why Is Selling To An Investor The Easiest Option?

With us, its a simple streamlined process where you can get an offer the same day we tour your home with closing being as quickly as 7 days. We buy all types of real estate in Texas especially in the Dallas & Fort Worth Metroplex. From single family homes, townhomes, condos, multifamily homes to land and even commercial properties.

Can I really sell my house even with repairs?

Selling your home can be stressful enough and we know that sometimes homes aren't perfect and that is okay to us. We actually love buying distressed properties, properties that need repair, or even complete tear downs because its just another project for us to work on! The best part about selling to investors, like us, is that we work with you regardless of the situation that you may be in. If your just looking to sell quickly or facing foreclosure we are here to help. We are used to purchasing property from perfect condition to a complete tear down let us help you sell your home in Texas Fast!

Can I Sell My House As-Is?

laserdmarketing@gmail.com (Tyler Graves) — Tue, 24 Nov 2020 15:46:45 GMT

When your ready to move on from your house or simply have something come up that you need to leave taking your home to the open market as-is can be a frustrating process with many buyers not even looking at it because it is a "fixer upper". Even when you do get a buyer that is willing to buy your home as-is sometime the deal will fall through with financing! So can you sell your home as-is?

You can sell your home as is to anyone in the State of Texas. The simplest form of sale is with an all cash offer investor, like us, due to the fact that many cash offers do not come with a formal inspection for a loan to be processed. What if you want to go for the open market with a realtor what repairs may need to be made in order to sell and how much do they cost?

The Simple Way To Sell Your House As-Is

The easiest way to sell any home as is with minimum repairs to no repairs is through a cash offer investor. Real estate investors want homes that needs work, updating, or even to be torn down. The Process to sell to an investor is simple. You call up a real estate investor like Rely On Bell, tell them what's going, what you are looking to do then schedule a meeting to look over the home. Once we look over your home we will give you a fair all cash offer for your home taking everything into account. Once you accept your done you've sold your house as is! But what if I want to sell it on the open market? What should I consider doing?

Tackling the big obvious repairs first

When listing on the open market you are gonna want to consider some kind of repair work on your house before listing. This is where its super important to make informed decisions on what needs to be repaired and things that don't need repair.

Start off with a list of all repairs that have to be done. These are items like plumbing, electrical, foundation, etc. Then put them in order of importance. For example say you have heavy plumbing problems, a few minor electrical problem, and one crack on the foundation.

in this example we would rank the plumbing at the top to get repaired along with any additional damage that the leaking may have caused. Next we would fix the minor electrical problems especially if they impact the health and safety of the residents. Finally we would probably toss out the foundation issue because it could just be from the expansion of the concrete and unless there are additional tales of problems we can probably just leave it alone.

The main thing you have to remember when making repairs to your home for the open market is to address the obvious items in need of repair especially those that are or may be potential hazards. The other thing to remember when selling on the open market is that buyer's won't be looking at homes that need a lot of repair most will only allow minor cosmetic changes ie painting walls.

Though this method can be costly upfront, you save yourself a ton of headaches, inspection hassle, and loan problems later on.

How Realtors & Investors Price Your Home

laserdmarketing@gmail.com (Tyler Graves) — Mon, 16 Nov 2020 21:56:14 GMT

When you go to sell your home you generally start out by asking one question. How much do I price my home for? Its a simple question but when you start asking around through realtors and investors alike you can get a wide variety of answers. So how do Realtor and Investors price homes and why can they be so different?

Both Realtors & Investors start the pricing process by using the multiple listing service (MLS) or sites like it to compare your home to similar homes that have recently sold. The estimated value of your home is determined by a number of data points such as it's square footage, the number of bedroom, the condition of the property, and recent home sales usually within a mile of the home. Now that you know the basic structure of your home pricing lets dive deeper into how home pricing is set.

How Realtors Determine Home Value

Realtors all learn the same way when it comes to pricing your home. They all start with the Comparative Market Analysis or CMA as its known in the industry. A CMA will follow a number of steps to determine the correct pricing of your home. This process involves pulling "comps" or homes that are similar to the subject home that typically have sold within the last 90 days and some Realtors will try to get as close to the subject home as possible.

For a comp to be pulled it has to meet a number of factors like

Similar Square footage ( within 500 sqft if possible)
Similar Lot Sizes (within 1000 sqft)
Similar number of Bedrooms
Similar number of Bathrooms
The overall Condition of the property
Within 1 mile of the subject property

After filtering through these criteria a realtor will then take the pricing from about 5 to 7 properties that match as closely to the subject property as possible to get an average pricing per square foot. Once they have the average pricing per square foot they then multiply that number with your homes square footage to get your homes pricing.

If for instance you were wanting to sell your home for $250,000 but the comps are coming back with $200,000 then you will need to find distinct differences between your home and the comps. The most common differences can be as simple as granite countertops or even wood flooring but always keep in mind that with a realtor you have to consider the end buyer and their thoughts on the house.

How Investors Determine Home Value

Investors follow a very similar path of realtors. Though I cannot speak for other investors I know when I look at homes I start with a site like Realtor.com to get an idea of home prices in the area and following the same factors as a realtor but there is one portion that makes investors different from realtors

When looking at the home to buy we specifically look at the overall condition of the home with a fine tooth comb. Once we have an idea of the necessary repairs that we will have to do to your home we can then start looking at something called "After Repair Value" also known as ARV. ARV takes multiple other factors into account for instance.

Lets say your neighbor has the exact same house as yours, the only difference being a few upgrades made over the years. Let's say it has granite counter tops, fresh paint, new roof, and put some nice hardwood floors. Now let's say last month he sold his house for $300,000 with a local realtor.

Now lets say we bought your home from you, did the same upgrades as your neighbor. Your After Repair Value is now $300,000.

The main point with investors is this number once they have that they can formulate their all cash offer. Of which include taking the total costs of repairs, the investors selling costs, and the minimum profit to find your offer with can be read in more detail here . Additonally there are other benefits to selling to an investor the most common is fast close with as little as 7 days along with not having to deal with mortgage companies and sometime you can actually walk away with more money in your pocket then you would if you sold with a Realtor.

Looking to sell your home give us a call! We can buy your home fast with little hassle or overhead!

A Simple Guide To Selling Your Home When You Still Owe On It.

laserdmarketing@gmail.com (Tyler Graves) — Wed, 11 Nov 2020 19:16:56 GMT

Imagine this, you've been paying on your home for some time now but you still owe on it. It's truly your dream house everything with it is perfect, but then life happens. You are expecting a baby suddenly that dream house is too small for your growing family and you decide to move to a bigger home. With Mortgages ranging from the 15 to 30 year mark to fully pay off you are probably stuck with a loan that isn't paid off. So what happens now? Do you have to bear this home that's too small for your home until it's fully paid off? Absolutely not, there are multiple ways to sell your home even when you owe on your home.

Can you sell a house that’s not paid off?

In short, yes, you can sell your home at any time especially in Texas. You may still be responsible for the remaining portion of the loan, any liens or judgements against the home, and selling fees associated with it. It would be wonderful to walk away from the sale of your home with some money in your pocket but this isn’t always the case especially if you sell the home through a realtor. When selling with the realtor you have to deal with realtor fees (about 6% of the sale), Mortgage company fees (1-3% of the sale price), inspections or repairs, along with a variety of other fee’s. In contrast to that when selling to an investor you generally have just the closing fees and loan payoff’s which varies depending on your situation.

How do I sell my house if I still owe on it?

There are many ways to sell your home while you still owe on it. Most people list their homes with a realtor, others try selling their home by themselves, but the best way is to sell your home to an investor like us. The reason for this is because we can offer a quick closing with no headaches, all-cash offers so nothing can fall through, and we even buy houses that may need repairs unlike selling it traditionally. With traditional home sales you can pay thousands in fees whereas with investors you can put those thousands in your pocket.

Can I sell my house if I am in default?

This is actually the best time to sell lif you really need to though I would encourage you to consider other options before selling like working with your bank on a repayment plan. However, if you’ve exhausted all other avenues this is the best time to sell before you enter the foreclosure status since it will give you more leverage as the homeowner. The best way to get out of default when selling your house is with an investor in my opinion since we can close in as little as 7 days. You can try to sell your house on the traditional market but be aware that you will still have to make some payments or deepen the amount that you owe the bank in the meantime.

If your ready to move on to not worry or go through the hassle of selling your home the traditional path with all the fees. Talk to us we are ready to give you an all cash offer for your home that can close in as little as 7 days with little to no fees.

3 Ways to Sell Your Home in Texas

Mon, 02 Nov 2020 21:48:04 GMT

When most people think about selling their house , they picture a very specific frustrating process and think that using a real estate agent is the only way to sell your home. While this is very commonly the case with a lot of homes its definitely not the only way. Real Estate investors like us is one a great alternative to the long process of traditional real estate sales but how does this work?

1. No Hassle Cash Offer Investors

If you decided that you would rather not list your house on the open market or deal with a succession of potential buyers, you can speak with us a local real estate investor instead. A real estate investor will meet with you to discuss your house and then tour the property together in order to see the condition. Based on this and any pertinent information related to the property (financial concerns, tenants, hoarders, termites, etc.), they will make you an all cash offer on your Texas Home . While this offer is often below market value usually 70-80% of your homes market value , it eliminates all of the costs, time, and commissions involved with selling through a real estate agent. The point is that the real estate investor wants to purchase your property i n its current condition w ith the intention of getting it into a condition where they can re-sell it for a p rofit or renting it out. When selling your house to a real estate investor , the timeline is much quicker. In fact, it’s up to the seller to determine how fast they want the transaction to take with closing being as fast as just 7 days. Since this process doesn’t involve mortgage companies or real estate agents, there are far fewer requirements, fees, and contracts to tie up the timeline. Additionally, w hen you sell your house directly to a real estate investor, there are no fees or commissions. Since you’re not dealing with a real estate agent, appraisers, or inspectors, you don’t have to worry about all the fees that each of them come with. In fact, some investors will so metimes pay for any closing costs as well . Of course, the offer they make will be below market value given their business model, but you can not only compare that to your true profit s if you went through the entire market sale process but also the time cost involved .

2. Traditional Agent Sale

When you work with a real estate agent or Realtor, they are going to follow a specific process in attempting to sell your house. As licensed professionals through our state are required to follow specific rules when working with you. You enter into an agreement with them to be your sole representative in negotiations for home sales. They then list your house on the MLS and other real estate listing services under their name and company. When potential buyers want to learn about your house or come visit it for an open house, they have to go through your real estate agent. The most obvious benefit of hiring a real estate agent is that its completely hands free. In theory, your agent should have a good understanding of the local real estate market, rules and regulations, and market conditions. They’ll be able to cut through the red tape and handle all the documentation and fees you need in order to get your home on the market and sold. The downside w hen you’re selling your house with an ag ent, you are often at the mercy of the open market and buyers. There are millions of variables to consider, and every house is different, but it’s likely that it will take at least two or three months from the day you list your house with an agent to the day it enters the closing process. After that, it’s likely that it will take another one or two months for the closing process to be completed, for the buyer’s lender to approve the loan, and for you to receive everything you are due in the sale agreement. Of course, it might also take much longer than this if the market isn’t working in your favor or if the condition of your house makes it hard to find a buyer on the open market. Realtors do a lot of work on behalf of the seller. They not only handle all of the listings but they also do the negotiations for you as well. They deal with buyers and their agents and understand how to maneuver the market to find you the best deal possible. However, they’re not doing any of this for free. When you hire a real estate agent, they are going to get a commission for selling your house. Sellers should expect to pay as much as six percent of the sale price to the agent, which is going to cut into wh atever profit you make after paying off existing loans and other fees.

3. Do It Yourself with listing services

If you decide to list your home yourself it can be completely overwhelming just trying to get buyer to come look at your home. You could deal with a constant ringing from both agents and investors alike when trying to sell your home. Additionally not only will you have to figure out what documents are needed but you will also have to determine a fair non-biased price for your home, market your home online & offline, navigate the red tape that goes with selling your home, and spend time showing people your home. Though it can be done trying to sell your home by yourself can actually take longer than listing your home or selling to an investor. Not only that but you will also have to navigate and pay the fees associated with mortgage companies, loan companies, appraisers, and inspectors. If you do decided to sell your home yourself consider hiring a contractor to freshen up your home with new landscaping, paint, or simply declutter your home. Selling your house yourself is more complicated than using a real estate agent. But if you can make it happen, you can save tens of thousands of dollars on real estate agents but it will take time.