If you want to sell your house quickly, regardless of the reason, there are two main ways to do it. It all depends on your situation, how flexible you are with the sale terms and how much equity you need out of the house.
Here are the top sell my house Houston methods:
Sell to an Investor
This is by far, the quickest way to sell your house. You have probably come across ‘we buy houses’ signs in your neighborhood or perhaps you have received a postcard asking if you want to sell for cash fast.
The benefit of selling to an investor i that you get cash under a month, despite the condition of your home. This is usually an excellent deal if your property needs lots of repairs and you don’t have the finances or the time for the job. This is also a good idea if you are facing foreclosure or need to pay for some emergency.
The downside to this method is that yo need a lot of equity. Most real estate investors will just offer 50 to 65% of the market value. So, for instance, if your house is worth $150,000, you could end up with $70,000 from the sale. That means that you need to have a mortgage balance of less than that amount or you would have to cover the rest yourself.
Using a Real Estate Agent
This is another sell my house Houston method that I would consider, but I would have to price it at a good 10 percent of what other houses similar to mine are going for. This strategy allows potential buyers to instantly consider your offer since it is the lowest.
The benefit of this method is that you can get a buyer quickly and also, they would have an easier time securing their loan as the evaluation will show it being worth more. As such, the bank will be more comfortable providing a loan for an undervalued home.
The downside of pricing your home low and using an agent is that you will get less than what your house is worth. Also, if you include the agent’s commission, closing costs and other expenses such as repairs and inspections, you will be set back at least a further 12%. This method is an ideal way to sell fast, but again, you need to have the equity to cover the discount, or you will have to shed off an additional amount during the closing.