“We Buy Houses Houston TX ’’ banners are all over town, but just who are these people, why and how do they purchase homes regardless of the condition? Well, cash house buyers, including us here at Preferred House Buyers, are an easy way to sell your house.
Simply put, we are real estate investors. Once we buy a property, we either flip it or rent it out after making investments in the necessary repairs.
While we buy distressed houses Houston TX at a discount off their retail market value, selling to us comes with an array of benefits including:
When We Buy Houses Houston TX You Get:
1. Selling As-Is
Newcomers to this field may not believe it, but the worse condition a house is in, the more interested a cash house buyer becomes in buying it. Investing in real estate is a numbers game and so, cash house buying companies do not care whether your home has an active termite infestation, has experienced fire damage or needs a new roof.
We tend to get discounts on our home repairs and renovations, as we are repeat clients to our contracts. This coupled with the disinterest of the average buyer in getting a property that calls for substantial work, leaves room for investors to turn a profit.
This is a win-win situation as we purchase your home in an as-is condition, allowing you to sell without having to make the common repairs that would have been necessary when selling through a real estate agent.
2. No Fees & Commissions
When you sell to us, you do not have to worry about real estate agent commissions. Most realtors in Texas charge a 6% commission, which translates to thousands from the final price. Also, cash home buyers tend to pay all closing costs, something you typically have to cover during a conventional sale. This often equates to anywhere between 1 to 3 percent of the sale price.
In addition to not dealing with fees and commissions, you also don’t have to host any showings or wait weeks or even months for a serious buyer. Keep in mind that during this period, you are still expected to pay for utilities, HOA dues, mortgage as well as taxes. Lastly, there is no risk of the buyer’s financing falling through, forcing you to begin the process all over.
Cash home buyers tend to close on the sale faster compared to a conventional buyer using financing. For instance, at Preferred Home Buyers, we can close on properties in as little as 7 days, depending on your terms and situation.
Homeowners facing foreclosure usually find themselves with just days to sell their houses before they are auctioned. Having your property auction at foreclosure takes a toll on your credit score and ability to buy a house for up to 4 years.
Or, perhaps you may have inherited a property with substantial mortgage payments and taxes that you can’t be able to cover long enough before it sells on the conventional market. This is where we provide a degree of speed in buying the house that other buyers can’t.
How fast we can close depends on the title’s complexity and how many liens and parties are involved. If the owners are spouses in agreement on how to proceed, with a mortgage being the only lien on the property, we can close as fast as 7 days!
We buy houses Houston TX and have an experienced team that helps ease the process such that you don’t have to lift a finger. Get in touch today to start the ball rolling.