In Texas, a home takes an average of 100 days to sell. It could take much longer if there are hiccups in home inspections, appraisals and closing. While selling the house for cash is still possible, receiving top dollar for the property can be a whole different ball game.
Nevertheless, it is still possible to fetch a good chunk of money from a property sale in Texas within the shortest time possible. Soliciting offers from multiple buyers will help ensure you receive a convenient price within the desired time limits.
Offer a Competitive Starting Price
The listing price of a home up for sale is usually the initial offer which can be changed or negotiated. While looking to generate quick cash, it would be best to offer a competitive starting price that entices a wide pool of buyers.
The starting price should be reasonable compared to the average prices in the local market. Additionally, it should not be too low as it could also arouse concerns about the quality or state of the house up for sale.
While getting a listing price, one must know the local market and the value of homes. Therefore, one can engage the service of an appraiser who will provide a competitive price likely to entice buyers.
Sell as it Is
It’s common for most people to try and fix big and small problems before putting their homes on the market. For example, the repair and maintenance could involve fixing a leaking roof, repainting the entire house, and landscaping to boost curb appeal.
While the repair work increases the house’s value, it slows the selling process. Putting more money into the house means you will be inclined to fetch much more than what the market is ready to offer. The pressure of offering a much higher prices is usually high to try and recoup the costs incurred.
Therefore, if you’re looking to sell your house fast for cash, avoiding the hassles of repairs and maintenance is vital. Even though this will reflect in the purchase price, it could help you get a buyer sooner at a favorable price than if you had tried to carry out a massive upgrade.
Explore a Variety of Options
The best way of addressing how to sell your house for cash fast in Texas is to look for cash buyers in several places. For instance, you can market the home on social networks like Facebook or with realtors on Craigslist. This way, you will be able to target a much bigger target market.
Attending real estate auctions to potential scout buyers is another reliable way to find the right buyers looking to make cash payments for the property. Nevertheless, targeting cash home-buying companies is the best and fastest way of selling any property for cash.
However, not all cash home-buying companies are good, some may look to take advantage of you. That’s why it is important to settle on a reputable company.
Use Real Estate Agents and offer Enticing Commissions
Navigating the real estate market can be tricky, especially for first-time homeowners. Therefore, it is vital to engage the services of a real estate agent when looking for fast cash on a property sale. When properly enticed through incentives, real estate agents can work round the clock to get the best deal on a property.
While most agent commissions are set between 2.5% and 3%, offering a much higher commission could be the incentive in forcing the agent to work round the clock to sell the house for cash in the shortest time possible. If the property is of high quality and desirable, then one may not have to break the bank in trying to entice agents to find buyers.
There are many reasons why someone would search for how to sell your house for cash fast in Texas. Right from inheriting real estate to going through a divorce or looking to buy another property could explain the urgent need for cash from property sales. While cash sales for properties have been declining in recent years, there are still cash buyers out there.