Sell Your House Faster Than You Think
There are different reasons why you may need to sell your home as fast as possible. It can be moving for a great opportunity, finding your dream home across town, retiring to some different weather conditions, or whatever the reason is, you can wait for six months and more to sell it.
In addition to it, selling it through a realtor may not be a good idea, as they will take a percentage of the sale as profit. For the times when you urgently need to sell your house, here are two most useful tips:
Find Home Buyers that Pay Cash
Cash home buyers are one of the fastest ways to sell your house. It is prevalent to close the deal at the table quickly. Most of the time, you will get 70 percent of the payment upfront; therefore, you need to price it smartly.
On the other hand, if you stage your house correctly, you may also get a 100 percent payment at the time of handling. It reduces the hassles of loan applicants and first-time buyers as well.
Most of the time, these cash payment buyers are house curators who take over the house, make it perfect for renting or re-selling. Use yellow pages and business directories for quick references.
The Internet is a Great Real Estate Selling Tool
In this digital age, there is nothing you cannot advertise and sell. You will need to post your messages on as many websites and social forums as possible. You can post ads on craigslist, for sale by owner forums, real estate sites, and your social media accounts.
In addition to it, you can post in some real estate investor groups on Facebook. You must also use Twitter and Instagram and let the whole world know about it. Post at least two times a day until you get your results because posting once most of the time doesn’t give immediate results.
Ordinary Expenses for Home Sellers
Are you planning to list and sell your home for massive profits? You first need to understand every day closing expenses for home sellers. These can quickly consume your earnings, as you will see below. Be informed and find recommendations below on how to avoid the costs.
It is the most substantial cost you will pay, and you might feel the pinch when paying the sellers commissions. You must fork out about 6 percent of the sales, split between the listing agent and buyer’s agent. Let us assume the home sells for $350,000. The commission you pay is $21,000. Keep in mind that you can negotiate the percentages, mostly when selling a big property.
Home Loan Penalties
If you have sold the home for $350,000 and paid off $200,000 for the outstanding mortgage, you remain with $150,000. Before celebrating, remember that you must pay the penalty for paying off the loan early, before the end of the specified term. Also, you must pay off the remaining debt in full.
Transfer Taxes or Recording Fees
The local government or state imposes these taxes charged for transferring the title of the property to the new owner. You may be assigned from 0.1 percent to over 2 percent in some areas. For the sale of $350,000, it can mean paying $350 to about $7,00o.
The seller will purchase the owner’s title insurance. It protects you from claims against the property filed by any party who may want to challenge your ownership. Buyers also must obtain the lender’s title insurance. Sometimes sellers spend thousands of dollars on providing insurance for the buyer.
In some places, both the buyer and seller may have separate legal representation, and everyone will pay for their legal counsel. Note that the transactions cannot take place without the attorney, which may further dent your profits.
How to Reduce Costs
The only way to reduce substantial costs may involve selling the property on your own. However, it would be best if you researched extensively before listing your home. Similarly, you may have to spend money to have the property correctly appraised. Overall, you might need the agent even after putting measures to prevent costs. Also, negotiate for lower commissions.
Selling Your Home to Cash Buyers
If you need to sell your home today, contact us. We are not like agents and have no commissions. You will forgo paying agents’ fees and expensive title insurances. What is more, you can receive cash in seven to ten days.
Contact us and instruct us to visit your home. You do not need to make any repairs or touch-ups. We see your home only once for an evaluation. Next, you receive an excellent cash offer. It is convenience at its best.
The DFW Housing Market
While buying houses in DFW and its suburb continue to look like a challenge to some, we have found a ‘cheat-code,’ making the selling and buying process effortless for thousands of homeowners here. We streamline the whole process for buyers and improve their home buying experience without cutting corners like house flippers. And also have an open buy-back policy within the first 30 days.
We help the housing market in DFW.
A company like us that has helped the North Texas housing market to manage to move some of the high-end houses this year. Data shows that sales of pre-owned homes in the DFW area increased 5 percent in the first six months of 2017, setting up the year as one of the best in the record for residential sellers.
It does not mean we do not do smaller owner-occupied houses. We get reasonable prices for those too. Gentrification by the local authority in DFW has made smaller outlier properties quite attractive for, not proud to say, and house flippers some from even as far as New York.
It has been suitable for house owners who can let their houses off now to their tenants at rather market friendly homes without repairs. The similarity between this year and last year is stack and places on both ends of the spectrum are getting as much interest is before, especially the lower end of the housing market.
While interest rates have also risen this year, it is nothing to scare buyers who are willing to make purchases even with a thinning supply in DFW. Houses in the price range of $250,000 to $750,000 are moving very fast with multiple serious offers witnessed by dealers. Do not matter if you are upsizing or downsizing, making the decision sooner will be the best move right now.
The strength of the DFW economy also comes in handy and has helped boost the selling price for most homeowners this year, giving them better value compared to other sellers elsewhere. With Dallas Fort Worth continuing to do better than over 11 largest metros in the country, the jump in home trade is a good sign for all dwellers and also newcomers into the area.
It presents an excellent opportunity for those waiting for the right time to exit or upgrade their homes. It is no wonder real estate firms are among the fastest-growing companies in Texas, and most of them are from the DFW area. With over $6.8 billion worth of project forecasted to enter the Dallas market this year.