You’ve seen the signs at almost every street corner or off-ramp, “Cash for Houses in Fort Worth”. Some of these are cartoonish signs and others might even be handwritten, nailed to a light pole. Some cash for houses signs makes claims they buy houses in any condition and for competitive rates and all cash.
There are a few viable options when you’re selling your Fort Worth house for cash in today’s market. If you need or want to sell your home, this looks like the perfect opportunity to sell quickly without the headaches of preparing a property for showing.
Is Cash For Houses In Fort Worth The Right Deal For You?
There are many factors that influence whether you’ll sell your Fort Worth house quickly in today’s market.
Some of those factors include:
- The national economy
- The local economy in Fort Worth
- Current interest rates
- The condition and trends of the neighborhood (is it growing? is it shrinking?)
- The condition of your house and whether it’s READY to sell
- The asking price of your house compared to the others for sale
- The sales price of similar homes that SOLD recently in the area
… and so many other factors as well that all add up. Here are a few tips that can help you know if cash for houses in Fort Worth right deal for you in the shortest time possible…
“Cash for Houses is Your Target Market
The individuals and companies putting up these signs are investors seeking quick, undervalued properties to capitalize on. By putting signs out, it takes a lot of the legwork out of researching distressed properties and hones in on homeowners wanting to sell quickly.
The key target market includes homeowners in some negative financial or distressed property situation. This includes people facing a job or military transfer, bankruptcy or foreclosure, medical issues, divorce or damaged properties in complete disrepair. They also hope to find properties transferring ownership from probate sales, vacancies and even existing listing that are about to expire.
The Thought Process Behind The Offer
Because investors are seeking properties for quick turnaround and profit, they want motivated sellers and properties in distress that can be rehabbed quickly for resale. As the seller, this may or may not be your best play. The buyer is looking to ease your burden quickly. They know you have some emotionally binding stressor that requires a quick sale so you can get back to a normal life again.
As a result, the offer might be for the remaining mortgage balance irrespective of the value of the home. At best, most investors want properties at wholesale pricing, which is often below fair market value by at least 30 percent.
Consider Your Position Before Negotiating
Keep in mind there is a cost to keep a home. Everything from mortgage payments, insurance, and property taxes must continue to be paid while you own the home. The longer you delay a sale, the longer you must pay for utilities, maintenance, and upkeep, not to mention the risk of storms or vandalism.
Do the math and then consider the average time it takes to sell homes in your market. Based on average pricing, will you make up the difference in the cost of maintaining the home for the extended timeframe by holding out for a higher price?
It may also be urgent to sell because of an impending foreclosure or estate tax cash requirement. Consider all of these factors as you begin to look at offers from buyers.
Maximizing The Sale Value
It doesn’t take a lot of research to get an idea of a property’s fair market value. If you really want to know, pay a couple hundred dollars for an appraisal or simply speak with a local realtor or local real estate investor who will give you an idea of the value of your home in its current condition.
Once you know what the estimated value is based on current market conditions, look at what can be done quickly and inexpensively to improve the property, thus increasing the value.
Do what the investors would do. These include cleaning the home inside and out; make sure windows and screens sparkle. Remove all weeds in the landscape and trim trees and bushes back. Replace carpet, tile, the bathroom and kitchen and repaint the inside and out for the maximum return.
Investors often will redo a kitchen and put in a new appliance package, thus improving their margin on the property obtained at 30% below market value. You don’t need to do this, but if you have the time and money to do so, it might be worth the investment.
The bottom line is, if you can extend your timeline of a need to sell, you can wait for a more traditional buyer to come along and give you an offer that puts some money in your pocket or, reach out to a local investor such TMC Property Solutions who offers cash for houses in Fort Worth, Texas.
Real estate agents are experts at helping you sell your home. There are plenty of agents here in Fort Worth to work with… and if you want a referral to a reputable agent with a proven track record, just give us a ring at (817) 550-5069 Opt# 7 and we’d be glad to give you some names. When you’ve done all the advanced legwork, you’ll help your agent be able to sell your house quickly.
Give us a call at (817) 550-5069 Opt# 7 if you need to sell fast... we can make you a fair all-cash offer within 24 hours. No obligation, no commissions, no closing costs, or hassle at all. Take the offer, chew on it and decide if it’s right for you.
DO YOU HAVE A HOME TO SELL QUICKLY?
WHAT IF YOU DON’T HAVE THE TIME OR MONEY TO PREPARE YOUR HOUSE FOR SALE? CONSIDER AN ALL-CASH OFFER FROM A LOCAL REAL ESTATE INVESTOR such as TMC Property Solutions.
IF YOU’RE INTERESTED IN AN ALL-CASH OFFER WITH A QUICK CLOSING, FILL OUT OUR SHORT ONLINE CONTACT FORM OR CALL US AT (817) 550-5069 Opt# 7 TODAY!
TMC Property Solutions is an accredited business and A+ rated members of the Fort Worth BBB and has been paying cash for houses in Fort Worth since the year 2000 and we can help you too.
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