Cash for Houses in Austin – Will I Get A Fair Price?

who will buy my house in AustinTime and money are crucial factors when selling a home. If you need to sell your Austin house fast… there are local home buyers who pay cash for homes in Austin Texas.

Let’s dive into how you can sell your local Austin house fast  without having to list your house with an agent and wait months for it to sell.

How Do Austin Cash Home Buyers Work?

With a little research, you can find that there are several investors out there looking to buy property for cash. Here are some things you should look at when you’re working with local cash home buyers.

And before you dive in below… if you’re not sure how the process works… check out our “How it Works” page on this site and our FAQ.

Price And Time Are Trade-Offs – Which Is More Important To You?

As you might suspect, it is not easy to get full market value for your home if you are selling it fast.  To get the full market value of your house, you may have to wait 3-6+ months… and often will need a real estate agent marketing your house to find you the best buyer.  Agents charge a commission (usually between 3-6% of the sale price)… so if it takes you 6 months to sell and you have to pay a 6% commission… is that worth the wait?

At Logic Home Solutions, we’ll evaluate your house… determine what it’s worth if it’s fully fixed up… determine how much we’ll have to invest in repairs… how long it will take us… and of course we have to turn a profit for our risk in buying, renovating, and selling it… so we make offers that are below market value.

But we can close quickly (in as little as 7 days if you need us to)… so if selling your house fast with zero hassle at all is more important than getting every penny out of the sale… submit your info below or give us a call at (512) 430-1804.

We can make you a fast no-hassle offer in less than 24 hours.

How Much Work Do You Want To Put Into Making Your Austin Texas House Sell?

We take 100% of all of the work and hassle to sell your house off of your hands.  We handle it all.

We’re not listing your house like an agent does. With that route… you’ll still have to clean up your house… get it ready to show it when the streams of potential buyers want to see it… go back and forth with the buyers on price and terms, etc. It can be a lot of work.

Especially if your house needs work.

If a house needs work, we’ll buy it as-is.  And you won’t have to worry about the paperwork either… We handle all of it and we also specialize in remote closings so you won’t have to leave the house.

Quick Tips to Remember When Looking For A Reputable Cash Buyer

  • Price it right
  • Be honest
  • Be flexible

Price it right – You’re getting a quick/ hassle free sale and cash in your pocket so you can move on with your life!  So don’t go into the process with expectations of getting the same price on a quick cash sale.  Home buyers will not pay retail price for these houses and be wary of buyers/investors that offer close to or above retail price.

Most likely they are looking to get the property under contract and then negotiate the seller down.  This is a common tactic and will only waste your time as a seller.  Follow the tactic above and price it right to avoid this type of issue.

Be honest – Always tell the truth when giving descriptions of repairs and values. An experienced cash buyer will do their homework, so tarnishing a relationship and potentially hindering a sale in the name of saving a few bucks, is never worth it.  Just be honest with your buyer and they will work with you.

Most honest buyers will not work with sellers who try to hide information and play games.  And as a seller if you run off a reputable and trustworthy buyer then you’ve only set yourself up to deal with a less scrupulous buyer.  But don’t say we didn’t warn you!

Be flexible – Cash house buyers in Austin can often come up with creative solutions to your problems. Be flexible, and willing to share and listen to make the best of your situation.

Sometimes we’ll find there are other options that make a lot more sense for them… rather than us buying their house. So, be flexible coming in and we’ll let you know what we feel are the best options for your situation. If it means us buying your house in a win-win transaction… great!  If it means you selling your house another way (or even finding a way to stay in your house)… great!

Other Options – Cash for Homes in Austin

Selling a home is no walk in the park. That’s why there’s an entire industry providing support services during a real estate transaction.

Here are the most common alternatives worth considering.

Sell your home with a Real Estate Agent

A real estate agent is one option for getting your property in front of cash house buyers.

However, this begins by finding the right agent. Start by asking at least five local Austin agents to assess your home and show you some comparable homes that they have recently sold for cash.  They should be able to confidently convey their knowledge of the area and market conditions.

They should be able to price your home using specific sales data points.  And make sure they are using SOLD homes as data, not listings.  You can list a house for any amount but the amount someone is willing to pay is the number that matters.

Not all agents are created equal, so make sure you can trust them even if they tell you what you don’t want to hear.  Honesty will translate to a better transaction in the end.  Your home should be listed in as many property websites as possible in order to broaden the market reach.

It is also important that they advertise your home in the local publications buyers tend to look at (newspapers, etc.). To help speed up the process, consider offering the agent an attractive incentive if they manage to sell the house within a specified time frame. With this option you will of course pay commissions… so be prepared to figure that into your overall costs.

If you have time and can wait for the right retail buyer to come along, and you can pay the 6% in commissions on the sale… listing your local Austin Texas house with a real estate agent is a great option.  Also, don’t forget to account for closing costs which can be up to 2% of the sale price.

Not in a hurry… Sell it with an agent but understand it will take time.

And with the introduction of the Wall Street Reform and Consumer Protection Act (the Dodd-Frank Act) in 2010 the time to close is increasing. According to the Real Estate Center at Texas A&M, “the extra safety checks created to protect buyers and prevent another financial crisis have extended the time for transactions in Dallas and Houston to close by one week.”

Sell your home with a FSBO Listing

According to experts, 90 percent of all property searches now begin online… and if you have time to wait to get your house sold… and the time to show potential buyers your house… selling your Austin house “For Sale By Owner” may be a good fit.

There are tons of web based services that you can use to list your home.  You may also consider purchasing a listing on the MLS for $300-$500+. . Additionally, you can list your home on websites like Craigslist as well as online property directories in your area. To attract potential buyers, be sure to accompany your listing with clear photos of your home.

Selling a home is no walk in the park.  It requires a mountain of paperwork and communication between several 3rd parties.  There are insurance underwriters, attorneys, municipalities, inspectors, surveyors and others who all play a part in each transaction.  And potential buyers who may not be as respectful of your time as an agent would.  Facing this mountain of information is intimidating even if you’ve completed a couple transactions.

Selling a home as an owner requires all the work an agent would provide in addition to the traditional owner responsibilities.  It’s much more than just listing the home and adding favorable photos.  Prior to selling your home by yourself, make sure you have the time and knowledge required to complete the transaction without traditional guidance.

What to know before you sell

Yes, sellers are still getting cash for houses in Austin Texas even in this market.

Years back all you had to do was hang a “For Sale” sign your front yard and wait for potential buyers to call you… and sometimes you’d get $5000 above asking price before dinner time.

But with an increase in active listings competition has also increased.  With more homes for buyers to choose from the time it takes to sell a home is prolonged.   Other factors including federal legislation have added time to the sales process too.

However, today with a stabilizing housing market, just about everyone from homeowners to real estate investors and agents are having trouble when it comes to selling houses fast.  The inventory levels in the Austin metro area are creeping upwards as the active listing counts increase.  Active listings increased almost 17% from July 2016.

In turn, inventory has increased to 3.2 months, the area’s highest mark since November 2013.  Despite increases it remains well below the 6 month mark, which is considered a balanced market.

Here are a few tips that can help you sell your Austin Texas house for cash in the shortest time possible…

Do not be carried away with emotions

When you are trying to sell, start off by taking complete charge of your emotions. When your life and money, or both, are tied up in the house, it is quite easy to allow emotions to take control of the decision making process. With a logical approach you will be able to make a wise decision and get the best deal.

Know your competition here in Austin and your neighborhood market

While trying to sell their Texas houses fast, most homeowners will point to the largest sale of the neighborhood and ask for 10% more without an understanding of the size, lot, amenities, etc that house provided.  They can also make the mistake of pointing to a comparable home’s listing price without knowing what it actually SOLD for.

You can list a house for as much as you wish, but the only data point that matters is the value someone will to pay for it.  Remember, real estate is priced by using comparable sales.  As a seller, if the house you are using to compare your own with, isn’t in the same neighborhood, built the same year or close, same size, same lot size, with the same amenities…. Then it’s not considered comparable.

Every buyer wants to get the best value for his money… but some sellers can wait 3-6 months… while other sellers need to sell immediately.

So if you need to sell immediately… see what the other houses in your neighborhood that are similar to yours are listed for (or just sold for)… then look and see how long they took to sell.  If you can’t wait that long… how much of a discount are you willing to give the cash buyer in order to attract them to buy your house quickly?

As such, potential buyers will be doing a thorough research in order to find the best house that suits their budget and needs. To help you out, you need to know what the other sellers are offering in order to know how to price your house competitively.

Objectively asses your situation and property

It is important to establish whether your house can compete effectively with what other sellers are offering. If it cannot, then find out if you can make a few repairs to make it competitive in the marketplace. If this is necessary, you need to create a budget and timeline during which you will renovate your house before putting it up for sale if you’re going to try to sell it to a “retail” buyer (someone who plans on living in the house).

However, if you don’t have the finances or time to repair the house, you can still sell it fast in “as is” condition. That’s actually what we do here at Logic Home Solutions.  We buy Austin houses… we pay cash… we can close quickly… and you won’t have to do any repairs at all.

So, who can buy my home with cash in Austin?

If you are grappling with this question, you need to realize that it is possible to sell a home fast for cash… the main thing you need to decide right now is how fast you need to sell your Austin house.  If you have 3-6 months and can pay the fees… list your house with an agent.

When you’re ready to start the process of selling your Austin Texas home for cash, fill out our form and we’ll help you get started.

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