How Much Cash For Houses In South Texas area Can You Get?
If you’re thinking about selling your house, here’s how much money you can get
Sellers are asking about cash for houses in South Texas area – they want to know how much they will get if they sell their house. If you’re thinking of selling and wondering how much you might get, this blog post will help to answer that question.
An Important Definition
Since this blog post will be read by people all over South Texas area (and surrounding areas), with various price prices reflected throughout the area, it’s difficult to write about a specific dollar figure. However, here’s an important concept that will help you understand how much people pay cash for houses in South Texas area…
On The Market: When a house sold “on the market”, that means it’s usually listed by a real estate agent and sold after several potential buyers have seen the property and at least one has made an offer. Houses sold on the market will often be sold for approximately the same amount that other similar houses in the area have sold for. This is called “market price”. Those figures done by either real estate agents are called a comparative market analysis (CMA) or by appraisers are called an appraisal which are a more detailed analysis than a CMA. There is specific criteria by which these are done to arrive at a value that is considered a market value for a home of the same type, same age, same size, in the same area. Retail prices for similar houses can vary from subdivision to subdivision based upon the subdivision characteristics such as school district, amenities, location in relation to things such as highways, etc.
Off The Market: When a house is sold “off the market”, that usually means the homeowner has decided to sell their home directly to a buyer instead of list their home. Houses sold off the market will often be sold for slightly less than their market price, this is called “below market price.” Many times it will be because of the condition of the house. Or some sellers think they can save money by selling themselves.
You might be reading this and asking, “why would anyone accept below market price, and less cash for houses in South Texas area than others?”
That’s a good question but there’s more to the story:
- Selling on the market usually means you’re selling it to a person who will choose to live in the house. They’re buying the house for themselves and their family. But when you sell off the market, you’re often selling to a company that might be investing in your house to turn it into a rental property or to renovate it and sell it.
- Selling on the market usually means the buyer needs financing. Selling off the market, in a private sale, often means that a professional home-buying company is will to pay cash for houses in South Texas area. (That’s why some people prefer to sell off the market – they don’t want to wait for the seller to get financing; they want to know the house is sold right away).
- Selling on the market actually costs money… sometimes a lot of money. If your house needs renovations and repairs, you usually have to spend money to fix up your house before you sell it on the market. However, when you sell it off the market, such as to a company like us at Rescue Real Estate Help, you may be able to sell your house as-is – saving the money (and the time and hassle).
- Selling on the market through an agent will often result in commissions and fees to the agent for the work they did to sell your house and the closing costs that a seller typically pays for escrow and paperwork. But selling off the market to a home buying company like Rescue Real Estate Help usually means no commissions or fees or closing costs.
How much can you get for your home? Selling on the market may mean you sell your house for more money but it takes longer and costs more; selling off the market may mean you sell your house for below market price but it’s faster and there are no expenses or fees. And sometimes the net from a retail sale can be lower after expenses than selling to a homebuyer.
So, how much will sellers get in cash for houses in South Texas area? It depends on how you sell – on the market or off the market… and that is determined by how quickly you want to sell and how much time and money you’re willing to invest to sell.