How can I get a fair cash price for my Austin house?  That’s a common question and for anyone who doesn’t deal with residential property sales on a daily basis, selling a home can be a mystifying process, especially when it comes to choosing an asking price.

For a traditional home sale, the process usually begins with having an appraisal done, typically by a certified local Austin real estate appraiser. They come out to the home and evaluate the property, going from room to room to determine the condition of your home.

The appraiser will note any amenities—things like a swimming pool, guest suite or great view—and any health or safety code violations. Then you’ll need to fix any problems they point out, or your buyer may have trouble getting their loan approved.

Expect an appraisal to cost at least several hundred dollars, which will eventually be included in the “sale” fees of your home.

Depending on the type of appraisal, you may also want to look at other homes of similar quality in nearby Austin neighborhoods that have sold recently, to get an idea how long those homes took to sell and what their final sale price was.

Then you can choose an asking price and list your house for sale and find someone who is willing to offer you your asking price—or negotiate with you to find a price that’s acceptable to both of you.

A Quicker Option: A Cash Home Buyer

If that seems like a long process, it’s worth pointing out another option. Cash home buyers can come in and evaluate your property. They may ask for an inspection, but most cash home buyers will agree to an “as-is” contract—meaning no need for potentially costly repairs.

There’s no need to pay an appraiser or pay other Realtor fees typically associated with selling a home.

And the whole process is a lot quicker.

A cash home buyer might be able to evaluate, make an offer, and close on a house, all in less than a week. Then at the end of that week, you have cash in your bank account.

Can I Get A Fair Cash Price For My Austin House?

A cash home buyer will consider the current condition of your home and then make a fair offer to pay cash.

Generally, the amount offered will be a discounted figure based on the retail value of your property after the cash buyer renovates it completely. That means the offer likely be a price below market value due to necessary repairs, renovations and other factions (which, in a traditional sale, you’d be responsible for fixing before making the sale).

On the other hand, if you opt to sell your home for cash, you’ll get an all-cash closing—you don’t have to pay any normal closing costs and aren’t responsible for making repairs prior to the sale. Instead, your home is bought on an “as-is” contract.

The actual offer you receive will be based on a number of factors, including:

• The current condition of your home
• The extent of repairs it needs and the cost of those repairs
• The time it will take to make repairs
• The value of your home compared to other similar homes in that area of Austin
• The costs of maintaining your home during repairs, including taxes, payments, insurance, utilities, homeowner dues, and more (all of which you’d have to pay while waiting for a traditional sale).

Offers from most cash home buyers are both free and no obligation—so you can always make a final decision after you’ve seen the offer on whether you feel you can get a fair cash price for your home or whether you’d be better off making a traditional sale.

If you can’t make it to our office for a face to face conversation then we’ll come to you.  We buy houses in the Austin, Texas metro and surrounding areas; Austin, Buda, Cedar Park, Kyle, and Manor.

If you’re planning on selling your Austin home for cash, but don’t want to get fooled into making a bad decision, this is for you.

Selling a home for cash can be a great decision—it can help put cash in your pocket quickly.

However, buying homes for cash has become hugely popular and, as with any industry where there are large money transactions, buyers have sprung up who try to game the system.

It can be hard to tell the “good” honest cash home buyers from the scammers until an offer is made—but once you reach that point there are some red flags you can watch out for to make sure your cash buyer’s offer is legitimate.

 

An Overly Long Due Diligence Period

Some due diligence is to be expected, but an overly long due diligence period may be a dishonest buyer’s way of getting you to quit actively trying to sell the home while they see if they can sell it for a higher price.

All too often these buyers seem like the real deal—they make an offer, show proof of funds, and do everything else right—but if they find they can’t sell your house for more than you’ll accept from them, they never show up for closing.

An Offer Over Your Asking Price

You’d probably be excited to receive an offer well over your asking price, but it’s just a sales tactic.

These buyers know offering a big number initially will make you more invested in them as a buyer. As a result, mentally you’ll begin to see the sale as a “done deal.”

Then, when they inspect the home, they point out flaws and tell you that you need to fix all sorts of things that don’t need fixing. With each new “To Do” item, they try to nickel and dime you into accepting a lower price.

They talk down your product and use hard closing tactics to ultimately convince you to accept much less than you might otherwise have gotten for your home.

No References & No Proof Of Funds

Perhaps the biggest red flag is when you ask a buyer for references or proof of funds and they turn up empty-handed.

A common scam is to make an offer and then, after the seller “cashes” the check but before it clears, the buyer has a change of heart and asks for a refund. The refund is processed and they walk away with the value of the home—and the seller is out both the purchase and the value of their home.

Honest cash buyers will be able to and will expect to provide proof of funds, to show you they can actually make a cash transaction.

Similarly, a professional cash buyer who truly intends to purchase your home will be happy to provide Better Business Bureau references or lists of other homes they have purchased, so you can verify that they made good in previous deals.

Choosing a Cash Home Buyer

Before selling your Austin home for cash make sure you watch out for these common red flags and finding an honest cash home buyer will be much quicker—no delayed due diligence, no last minute changes of heart, no added “to do” items before you see cash.

Instead, you’ll feel good knowing you got a great deal, sold quickly, and made cold hard cash.

f you can’t make it to our office for a face to face conversation then we’ll come to you.  We buy houses in the Austin, Texas metro and surrounding areas; Austin, Buda, Cedar Park, Kyle, and Manor.

Don’t fall victim to aggressive home buyers that use we buy houses signs.  Not all cash home buyers are scam artists but you need to be able to spot when they call.  If you’re in a situation that finds you need to sell a house quickly, you’re far from alone. Hundreds of thousands of other people have found themselves in the same boat at one point or another and for a multitude of reasons. Some are changing jobs or relocating. Others are finding themselves facing a divorce, the death of a loved one, or unexpected financial setbacks.

That said, it’s easy to see why it would be appealing to simply let the first “we buy houses” company you hear about take the property off your hands. However, it’s important to realize that like all people in need of accomplishing something important as quickly as possible, those looking to sell houses fast are common targets for scam artists.  Stay in the know and keep the following in mind.

1. Pay serious attention to your purchase and sale agreement.

You most likely already know how important it is to get everything in proper writing up front before signing your name to an agreement. This is no less the case when you’re selling your house. Don’t let your need to sell your house quickly mean that you overlook the need for a professional purchase and sale agreement.

Read over the agreement presented to you thoroughly. Do you understand everything in it? Is there anything about it at all that seems fishy? Don’t ever sign your name to a document until you’re 100% sure it’s on the up-and-up. Have your lawyer look at it. (Even your mortgage company can help you in a pinch.) We buy houses scams often find the buyer rushing the seller when it comes to actually signing on the dotted line and with good reason. They don’t want you to read anything over too carefully.

2. Make sure the buyer is part of the Better Business Bureau.

These days, it can be difficult to know who to trust. A person or organization doesn’t necessarily need to be legitimate to look legitimate at a casual glance. After all, anyone can put up a website, have a few business cards printed up, and market himself as a professional home buyer. Is it any wonder that we buy houses scams are so common these days?

Always make sure everything about the buyer checks out under scrutiny. Established, legitimate businesses are part of the Better Business Bureau. They also have a real business history and a solid reputation that will actually scan when you do your research.

3. Work with a buyer that treats you like a person, not a transaction.

Often, perpetrators of we buy houses scams see homeowners as potential marks, not valued customers to be treated with respect… and it shows. That said, never do business with an individual or company that makes you feel like you’re just a potential paycheck and not a human being.

Is the agent gracious and does he come across as caring? Is he easy to reach? Is he professional – quick to return your calls and patient when it comes to answering your questions? Does he make you feel good about doing business with him or does he make your internal red flags start waving? If your agent doesn’t make give you pause… does his company? Trust your instincts. They’re usually correct.

4. Work with the actual buyer on a one-to-one basis.

Last but definitely not least, you’ll want to make sure that you’re working directly with the person or entity that will be purchasing your home. Many we buy houses scams will find you working with a third party company that will simply sell your information to someone on a bulk list. If this seems to be the case, you can’t be assured of getting a fair deal.

Don’t let the need to sell your home quickly find you falling for deals that sound too good to be true or believing that you don’t have any other options than the raw deal a potential scam artist is offering you. There are professional and very helpful “we buy houses” companies out there. Just take the time to make sure you’re dealing with right one before you finalize your decision.

f you can’t make it to our office for a face to face conversation then we’ll come to you.  We buy houses in the Austin, Texas metro and surrounding areas; Austin, Buda, Cedar Park, Kyle, and Manor.

Selling a house can be a stressful process for any number of reasons. You worry about finding a buyer that will pay your asking price. You cross your fingers and pray that you’ll be able to make the sale in a timely manner. There are a lot of areas of your life that stay up in the air during the process as well and that process can take months, if not years. What’s more, those are just the obstacles you deal with if you’re making a planned sale on a house that’s in excellent condition!

But what do you do if you wind up unexpectedly trying to sell a junk house? People can wind up with junk houses for any number of reasons. Sometimes a relative dies and leaves the property to loved ones. Other times, you wind up trying to sell the house thanks to divorce, unexpected medical expenses, job relocation, job loss, or retirement to name just a handful of possible reasons.

You know you need to sell the property and sell it fast… but the property is in disrepair or in otherwise terrible condition. Who would want to buy a house under those circumstances? That’s where we come in. We buy junk houses in the Austin, Texas area and would be happy to help.

A Headache Free Process For Selling Your Junk House

We understand your need to sell your house quickly and with minimal fuss. We realize that you want to get your life back on track quickly and don’t have the extra time or resources to deal with the elaborate process of selling a junk house yourself. Our process is streamlined and headache free.  We make it easy.

• We buy junk houses with cash to make the process as simple and easy as possible. We’ll help you with all of the closing costs.  You don’t pay a dime out of pocket.
• We buy junk houses as-is. It doesn’t matter how many repairs your property needs. It doesn’t matter if it needs to be cleaned, repainted, or rebuilt.  We’ll take care of all of it.
• We close quickly on the sale of your house so that you can keep living your life as planned. Don’t worry about all the little details. We’ve got them covered!

That said, if you live in the Austin area and have been trying to decide what to do with a junk house or mobile home, call us! We’ll buy your home regardless of the issues that come with it. We work with integrity to make the entire process easy on you.

Why Choose Us?

We understand that you need to sell a house fast doesn’t leave much room to be choosy about who you work with when it comes to handling the sale. However, it’s critical that you make sure you’re doing business with the best possible company in your area. We’ve worked hard to make sure we are that company in the Austin, Texas:

• We are part of both the Better Business Bureau (BBB) and the Chamber of Commerce. Not one of our competitors can say the same.
• We are not only knowledgeable when it comes to buying and selling junk houses but experienced as well.
• Customer service comes first with us, so you can rest assured that we’ll make the entire process as painless as possible for you and your loved ones.

We buy junk houses in Austin – Experience the difference integrity, efficiency, and professionalism can make.

If you can’t make it to our office for a face to face conversation then we’ll come to you.  We buy houses in the Austin, Texas metro and surrounding areas; Austin, Buda, Cedar Park, Kyle, and Manor.

Selling your house can be very stressful at times, even when you don’t have tenants in it – however, selling your home with tenants in it can be even more challenging. The real estate market has started to rebound in many parts of the United States, and an increasing number of homeowners have considered selling their rental properties. One thing is for sure, though: the tenant can either make or break your home sale, this is why it’s important to take into account both the advantages and the disadvantages of tenant-occupied homes.

Can I Sell My Rental Property Even though It’s Occupied?

The short answer is yes, you can. The long answer is yes, you can, but it depends on the type of agreement between you and your tenant. If the buyer is looking for a property that he can rent, then selling the home with tenants in it can turn out to be particularly beneficial – however, if the future buyer will want to move into the house and you have a written, legal agreement with the current tenants, then you cannot force them to leave. You can, however, try and reach a mutual agreement with the tenants by either lowering the weekly rent or by offering to pay them a certain percentage of the final selling price. Moreover, if there is a written agreement, then I’d highly recommended you offer to pay for the moving costs.  Especially if you want the tenant to leave the house in good condition.  Nobody likes getting the boot.  However, you have options by working with a reputable “We Buy Houses” company which will provide you and your tenant with flexing options.

The Pros And Cons Of Selling A Home With Tenants

One benefit of selling a rental property with tenants is that it will benefit the new owner if he wants to generate cash flow, given the fact that he doesn’t need to hire a real estate agent to help him look for new tenants. All you have to do is to transfer the agreement to the new owner, provided that the two parties agree on the price of the rent.

Another notable benefit of selling a home with tenants is that all the furniture and belongings get to stay during the open house, which is particularly beneficial not only for marketing purposes but also for the entire selling process. A fully fitted and equipped home certainly seems warmer and more welcoming than an empty one, and that can help you sell your property faster than expected!

In addition to this, you will continue to receive the rent money throughout the entire process. The selling process can take anywhere from a few days to a few months, depending on a series of factors ranging from the neighborhood and the local real estate market (which can be rising or declining) to the price of the home or the amount of equity in it.

On the other hand, selling an occupied house may pose some disadvantages as well, especially if you want to sell it as quickly as possible. For instance, the real estate agent will have to give the current tenant a 24-hour written notice before bringing a potential buyer to see the house, which can not only be inconvenient for certain buyers who may have other properties on their list, but also for the tenant.

Although showcasing a home that has all the furniture in place can make it look more attractive, it can also make it seem considerably less attractive if the tenants leave a mess or if they failed to maintain the property. Besides, the tenant may also take several pieces of furniture or kitchen appliances when they leave, which can be confusing for the buyer and even make them back out on the purchase.

The Pros And Cons Of Selling A Home Without Tenants

The most obvious benefit of selling a home without tenants is that the property can be seen at any time without the 24-hour written notice mentioned above. Moreover, the buyer can move into the new house right away, without waiting for the tenant to leave first – this way, the new owner knows exactly what comes with the purchase.  The main disadvantage of selling a home without tenants is that you won’t receive any rent in the meantime.

Which Option Is Better For The Buyer?

The answer to this question is relative, as it mainly depends on the future plans of the buyer. If the buyer is looking for a new home to move into as quickly as possible, then he will want a tenant-free property. If the buyer is a professional investor who purchases multiple properties just to rent them, then an occupied home is certainly better as it will help him save a lot of time and trouble!

If you still have additional questions about “Can I Sell My Austin Rental Property With Tenants In It?”  then send me an email.

If you can’t make it to our office for a face to face conversation then we’ll come to you.  We service all of Austin metro including; Austin, Buda, Cedar Park, Kyle, and Manor.