Frustrated with owning a property that you don’t want, no longer need, or can’t afford? Listing it on the MLS can be costly and chew up more time than you care to spend on it. In our latest post, we can help you learn how to sell a house in Houston without dropping any money into it and more importantly in less time than you may think!
When a homeowner wants to sell a house, they go ask friends or search the internet for a good agent. And yes some agents are awesome and well worth their cost, it isn’t in all cases the best way for a homeowner to sell. For many homeowners that need to sell a house in Houston, selling as-is or a quick sale to a local home buyer can be the best way to go.
Before you decide how to sell, get the facts, and determine the selling method that will make the most sense for you. After factoring in time, money, and energy, your ideal selling method may be different than you had thought. First, let’s take a look at what listing your house in Houston could cost you…
What Will Listing My Houston House Cost?
Listing a house in Houston can come with a lot of costs that people aren’t always aware of. A few of these costs include…
- Costs to make repairs both before and after the inspection process
- Expenses to clean and stage the home for property showings and open houses
- Marketing expenses not included with your listing (virtual tours, professional photography, etc.)
- Holding while the house is on the market and through the escrow process
- Closing costs which can amount to 1-3% of your final sale price
- Agent commissions which are typically around 6% of your final sale price
According to NerdWallet, you should plan on spending at least 10% of the final sale price on the costs of listing your home. So if your house ends up selling for $250,000, that is $25,000 out the door. That said, your costs can be higher or lower depending on the property and situation. It is essential for home sellers to understand these costs, so they know exactly what to expect when selling a house in Houston.
How To Sell Your House Without Spending Money
There are a couple of ways to sell your house in Houston without spending any money. You can either list your house as-is on the MLS or work with a direct buyer to purchase your property outright without the help of an agent. For some homeowners in Houston, one of these alternative options can prove to be a better way to sell your house.
Listing Your Houston House As-Is
Some owners choose to list their houses as-is, which will make things less expensive for the sellers. While listing your house as-is in Houston will save you money on cleaning, repairs, and upgrades, you will still have to factor in commissions, holding expenses, and closing costs. All of these bills can add up to thousands of dollars, and that is without any promise of a return. Also, your house won’t get the same level of attention and appeal to as many buyers when listing your house as-is in Houston. Your property will need to photograph well and not come with a long list of needed repairs.
A Direct Sale To Texan Home Buyer
Selling your house directly to Texan Home Buyer will help you to avoid all of the listing costs, including repairs, marketing, holding costs, commissions, closing costs, and more. You will not have to worry about spending any money at any time during the sale. You will be able to get an offer without having to worry about any deductions or hidden fees. While our price isn’t full retail, the amount you can save may more than make up the difference, and that’s not to mention all of the time you will save.
Why Sell As-Is?
So why would somebody want to sell as-is in the first place? Wouldn’t fixing up the property add value, thus creating higher returns? In a perfect world, yes. However, when listing your house in Houston, you won’t have any guarantee that your repair costs will translate to a higher sales price. Fixing up your home can be a gamble. While it can add value in some cases, sinking money into a house you would rather sell can prove to be a poor use of your funds. By selling as-is, the buyer assumes the risk and you will be able to put your money into your new property, not the one you want to get rid of.
Are you ready to sell your house in Houston? Before you hire an agent in Houston, find out what we can do for you! You don’t have to list your house in order to sell it!