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You might be curious about why you’d consider selling to strangers and why your house would catch our interest! Perhaps you assume the most straightforward route to selling your house is through an agent.
But hold on a moment!
Even in a seller’s market, it’s smart to look at your options and see what will actually help you best reach your goals with the sale of your Texas local house. While you may be able to get a higher “top line” sales price listing with a Texas agent, that doesn’t always boil down to more money in your pocket or less headache. Dive into the details below to compare your options.
| Selling w/ A Local Agent | SOLD To LJE Property Solutions Buys Houses | |
|---|---|---|
| Commissions / Fees: | Up to 6%, paid by you, the seller | NONE |
| Who Pays Closing Costs?: | 2% on average is paid by you, the seller | NONE – We pay all costs |
| Inspection & Financing Contingency*: | Yes, sales can fall through | NONE |
| Appraisal Needed: | Yes, the sale is often subject to appraisal | NONE – We make cash offers |
| Average Days Until Sold: | +/- 91 Days | IMMEDIATE CASH OFFER |
| Number of Showings: | It Depends | 1 (Just Us) |
| Closing Date: | 30-60 +/- days after accepting buyers offer | The Date Of YOUR CHOICE |
| Who Pays For Repairs?: | Negotiated During Inspection Period | NONE – We pay for all repairs |
A Quick Summary Of The Table Above
List With An Agent Or Sell My House Without A Realtor In Texas.
You should list with an agent if:
You do not mind the 2 to 5+ months your house will be listed on the market
You are OK with paying 2 to 5+ months worth of holding costs (taxes, lawn maintenance, utilities, insurance, etc.)
Your house is in near-perfect condition
You are in no hurry to sell.
You are ok with sprucing up curb appeal
You are ok with making the house available to have random strangers walk through your house nit-picking on everything they do not like.
There it is!
For once a straightforward answer to an otherwise elusive question.
However,
Although Obvious When To List It, It Is Not As Obvious When To Sell My House Without A Realtor In Texas.
The only situation where listing with an agent makes sense is if, after deducting all fees, you still end up with a satisfactory amount for your house, considering the effort and costs involved in listing it. That was quite a lengthy explanation, wasn’t it? In simpler terms, list your house if it’s brand new, in near-perfect condition, and situated in a fantastic location.
But What If My House Is Not Brand New?
Let’s say that your house does need repairs and/or updating. Is listing still a good option?
Maybe, but you should consider the following.
Determining a suitable listing price for a house in need of repairs isn’t as straightforward as simply lowering the value to accommodate the necessary repairs. It’s not that simple. Just like you wouldn’t buy a used car by subtracting repair costs from its original new price, purchasing a house follows a similar logic. You’re essentially unaware of the true condition “under the hood.”
The mere fact that as a buyer, “I” still need to invest significant effort to renovate the house imposes a “monetary penalty” on your listing price, irrespective of the extent of repairs required.
An example:
Which of the 2 following houses would you buy being your everyday home buyer?
A house worth $200K that is turn key, nothing to be done, move in ready, everything set up
Or,
A house worth $200K but sold at $170K because it needs 30K in repairs to bring it to the exact same condition of the $200K house mentioned above?
Of course, no one would pick the $170K house. Why would you? Who wants to deal with the risk of anything going wrong, finding trustworthy contractors, waiting for the work to be completed etc.
How big of a reduction in price would you expect to compensate for the additional work, inconvenience, risk, uncertainty, and time investment you still need to make?
So as you can see, the hassle and stress has a monetary penalty that is associated with the value of the house. Suddenly repairs are not just estimated by cost of material, and cost of labor. Risk, time, holding cost, uncertainties, one’s trouble to tackle it all, have a monetary value.
But that’s not all…
Who knows in what shape the house really is in, beyond the exterior appearance? No inspection reveals everything. That uncertain risk alone is costing you, the homeowner, money. Buyers will demand even less for the house just in case there are unexpected issues!
Put yourself in the buyer’s shoes. Would you be willing to pay over $100K for a house that requires renovations? Considering the hassle, paperwork, and the magnitude of the transaction, would you want to deal with inspections, contractors, or even picking up a paintbrush? Moreover, will a bank approve a buyer for a house in need of repairs? And if so, will they also approve a loan for those repairs? The sheer number of issues to contend with can be overwhelming.
Buyers won’t just ask for a “slight” reduction from the list price. They’ll request a significant decrease to accommodate the headaches and risks linked with a house in less than ideal condition.
We’ve established that if you list your house (requiring work) with an agent, the price will be substantially reduced. Homeowners often overlook this, which is the primary reason why houses linger on the market for extended periods. Subsequently, homeowners are puzzled as to why their house doesn’t sell for what they deem a “reasonable” price.
And that brings us to the next issue…
What does “time on market” mean in monetary terms?
Holding Costs!
While the house is sitting on the market, you pay insurance, taxes, utility bills, heating, ac, lawn care and maintenance! Not to mention closing costs and agent fees if it sells.
Homeowners need to be in the know when it is indeed best to list with an agent or sell my house without a realtor in Texas. By all means opt for an agent if you have enough value in the house to account for agent fees, closing costs, holding costs and selling fees to still make it worth the sale.
In conclusion, to answer the question: “What Is The Best Way To Sell My House Fast?“, the honest answer is “It Depends!”
List With An Agent Or Sell My House Without A Realtor In Texas
It depends on your timeline, your funds available, the condition of your house and if you are willing to do the repairs yourself or not.
Listing your house in Texas with an agent is not for everyone. Listing a new house with an agent has a penalty of agent fees, commissions and closing costs.
However,
Most homeowners do not live in a brand new home! For an older house for sale in Texas, as an example, that is in need of some repair or updating, listing it with an agent has the following monetary penalties on your net gain:
The house not being in top condition has a price penalty. – No one will pay full market value for a house in need of repair.
The mere fact that work still needs to be done is causing stress and has a monetary penalty.
The actual cost of the repairs is a monetary penalty.
Agent fees and commission is (obviously) a monetary penalty
The risk associated with not knowing, what else is in bad shape will demand a lower price, and thus is a monetary penalty.
Now you can see that selling to a cash buyer presents a valid alternative. If you find yourself thinking, “I need to sell my house fast,” or “Sell My House Without A Realtor” consider this: Cash buyers operate independently from agents, typically requiring no closing costs or agent fees. Additionally, purchases are made “as is,” eliminating the need for repairs. Furthermore, as cash buyers utilize private funds, there are no bank approvals, enabling quick closings. Before listing with an agent, weigh your options carefully.
Work The Numbers And See Which Way Helps You Get There…
When you really work the numbers you start to see the real benefits that each way of selling your Texas house offers.
Yes, here at LJE Property Solutions Buys Houses we won’t be able to offer you full retail value for your house… but we also offer other benefits that the traditional house sale route can’t offer.
Like…
From offer to close and cash in your hand in as little as 7 days
You can get rid of the headache of that property fast and avoid paying any more utility payments, tax payments, insurance payments, mortgage payments, you get the drill. If you list your house and wait 90+ days to close… you have to figure in all of the costs of holding that property during the time you have that property listed and are waiting for the property to close.
Don’t worry about fixing anything up or cleaning your house again and again for buyer after buyer
We don’t care how dirty your house is (we’ve seen worse!) or how many repairs are needed (a complete fixer? great! we love projects)... we’d like to make an offer on your house. This saves you time and money that you can keep in your pocket.
Don’t worry about paying those pesky closing fees (we’ve got you covered)
Because we are a full-service professional home buyer here in Texas, we make it easy for you. We pay for all of the closing costs. What we offer you is what you get (of course minus any mortgage payoff or other encumbrances on the property). Pretty refreshing eh?
So when you add up the time you could save by working with LJE Property Solutions Buys Houses, the no-hassle experience, and the money you’ll save on commissions, fees, and holding costs while you wait to sell the traditional route… for many area homeowners selling to a professional house buyer is the best viable option.
Is it for you?
See for yourself and get a fair all-cash offer on your house today.
Just fill out the short form below or give us a call at 512-230-3469 and let’s chat! Our process is simple and you can close on the date of your choice. You have nothing to lose by getting an offer (no obligations – no pressure). But you could potentially lose thousands of dollars or months of your time by not testing us out and requesting your FREE house offer below.
Here at LJE Property Solutions Buys Houses, we don’t use bank financing so you don’t have to worry about our ability to close on a deal.