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Can I sell My Parents House to Cash Buyers?

April 2, 2025 • Matthew

The baby boomers are coming of age and many are finding themselves in situations where they are taking care of their elderly parents. It can be difficult to decide parents are in need of alternate or extra care. But after that decision is made, there are many others to be made. For instance, what is going to happen to their possessions if they go into a care facility or community living? You may wonder if you can sell parents house if you can offer it for sale by owner, or about many other options. You may ask, “can I sell my parents house to cash buyers?” Here are a few tips if you are planning to sell your elderly parents home.

How long does it take to sell a parents house?

sell my parents house to cash buyers timeline

When you put a house on the market it can seem like an eternity before it actually sells. Trying to sell your elderly parents home can take a long time too. Each situation has different factors that vary how long it takes to sign the final document to close the deal. On average, it takes about 110 days. That’s if everything goes smoothly and without any hitches. In some instances, it can take considerably less time depending on how complicated the paperwork is. If you are selling your parents house and using a traditional real estate agency, be prepared to wait.

When should seniors sell their homes?

Selling a house can be a difficult decision for senior citizens, especially if they have lived in the home for many years. Making the decision is one thing, but it can be the process that gets complicated. And if a child needs to sell parents house there can be numerous roadblocks, even if they have power of attorney. Typically, springtime is the best time to list a house with a real estate broker, but there’s no guarantee. Fortunately, there are several options available for children who need to sell parents house, or for the elderly who need to do so. The answer to the question of “when should seniors sell their homes?” is an individual one. But it is typically once they can no longer care for the home properly or take care of themselves alone.

Help Selling Your Elderly Parents Home

sell my parents house to cash buyers when they're old

Do you need help selling your elderly parents home? There are several ways to find help. First off, ask family for help. They can oftentimes help answer the question, “when should seniors sell their homes?” And sometimes they can help with the actual selling process. Some of this may depend on who has full power of attorney. Here are a few tips for selling your parents house.

  • Plan – You will need a plan before you are ready to sell your elderly parents home. The first step is to decide to proceed with selling your parents house. Then develop a plan.
  • Downsize – Once you have decided to sell your parents house, it’s time to decide what to keep, what to sell and what to discard. The family should help with this part of the selling your parents house.
  • Marketing – Do you know where to look for buyers if you want to sell your elderly parents home?
  • Simplicity – You want to avoid as much extra work for you and your family as you can. It’s important to try and sell as quickly and easily as you can while focusing on them settling into their new environment.

Can I sell my parents house to siblings?

Some people have the question, “can I sell my parents house to siblings?” Because every situation is unique and has different circumstances, this is a difficult question to answer. In some cases, it might be possible. However, if they could qualify for a mortgage, it might be possible. This could take months at best because of the paperwork and making sure everything is handled appropriately.

Do you need a power of attorney to sell your elderly parents home?

sell my parents house to cash buyers with power of attorney

Having power of attorney is useful if you want to sell their house. However, you do need to check what type of POA you were granted. Read over the documents carefully to ensure it gives you the authority to sell their real property.

Can I sell parents house as for sale by owner?

If you want to advertise your parents house as “for sale by owner” it’s best to have POA. If you are on the deed it can help too, or have your parent’s consent if you are selling it on their behalf. For sale by owner transactions can be very tricky and you need to know exactly what you are doing, especially when it comes to the paperwork. Is it possible? Yes, but it’s probably not best to advertise the house as for sale by owner.

Should I sell my parents house to cash buyers?

 If you are looking for the easiest, least stressful way to sell the property, a cash buyer is your best option. Look at all the options and you’ll realize they all take a long time and can be very complicated. If you’ve been asking the question, “should I sell my parents house to cash buyers?” then the answer is, yes. If you have the legal right to sell your parents house, selling to an investor is often the simplest and quickest answer. If you are saying, “I am ready to sell my parents house to cash buyers!” Then it is time. A cash buyer can have the paperwork done quickly and securely. The property will be sold, and you will have cash in your hands.

How do I move forward if I want to sell my parents house to cash buyers?

sell my parents house to cash buyers moving forward

If you are ready you just need to contact an investor who buys houses for cash. Explain your situation. Just simply tell them you “want to sell my parents house to cash buyers.” And they will help you complete the paperwork. The first thing they will do is an informal inspection of the property, then they will make an offer. If you accept the cash offer, they will have the paperwork done in just a few days. You won’t have to worry anymore about your questions, “can I sell my parents house to cash buyers?”

Selling your parents house is stressful. Although there are lots of ways to do it, using power of attorney takes time and money. Don’t wait for the house to get sold. If you need your parents house sold ASAP then selling to a cash buyer is your best option.

Do you have a question about the house selling process? Do you want to get your no obligation cash offer for your parents house? Even if you don’t decide to sell, we’d love to answer any questions you might have. Give us a call today at 210-596-9669.

The information presented in this article is for educational purposes only and should not be considered legal, financial, or as any other type of advice.

Help! How to Auction a House in Texas

March 26, 2025 • Matthew

If you need to sell your house quickly you may be asking how to auction a house. Then another question may also be can I auction my own house. The answer to these questions lies in the sell real estate auction procedures.

How To Auction a House Options

how to auction a house fast

When looking at a sell real estate auction it can  be an auction that is conducted by a trustee. This means that the house has already been foreclosed on and you no longer have any say in the sale of the property. Another sell real estate auction is to list your house with an auction company. They will go through the process of selling the house by auction. So in answer to the question can I auction my own house, the answer is yes but through the proper channels.

There are two main principals that have to be considered when you are looking at how to auction a house. One is you as the seller, and the other the buyer. Buyers tend to like auctions better than sellers. This is because it saves the buyers time and they can often get the sale price that suits them. For sellers it can be a fast way of selling the home, and less hassles than putting it on the open market. However, the trade off for this is that they most likely will not get the price that they were hoping for.

How to Auction a House Process

The first step is you are going to have to find a professional that specializes in selling homes .  You are going to have to take some time to do some research in finding the right professional in your area. This can be a bit of a challenge but it is really important. The right auctioneer will know what kind of advertising needs to be done for the area. They will know who the target market will be based on the type of home you are selling.

Interviewing the Prospective Auctioneer

how to auction a house by befriending an auctioneer

Once you have narrowed down your choices then you have the task of choosing the right expert. This is necessary to increase your chances of a successful sale. You will need to ask a selection of questions such as….

  • How experienced is the individual?
  • What is their sale portfolio like?
  • What credentials do they possess?
  • What code of ethics do they implement?
  • Are they willing to provide you with a few referrals?

The right answers to all of these questions is going to determine how successful the auction sale of your house will be.

Payment Options for the Auctioneer

When you are determining can I auction my own house you need to know what your costs are going to be. When you sell in a conventional manner you have real estate fees. When you sell through auction using a professional then you have the auctioneer’s fees. You need to know up front what these are going to be. They can vary greatly by state and by the professionals themselves.

Auction Decision Making

You will find that when seeking out the answers to can I auction my own house that you be required to make a lot of decisions. You will have to decide whether you want to go with an absolute auction, or auction by reserve.

The Bidding Process

how to auction a house by bidding

You should also be aware of the bidding requirements. These are set by the professionals who will be auctioning your home. They may set requirements for bidders to provide financial proof such as a letter of credit. Or, they may ask for a certified check for 10% of the expected amount of the sale of the house. At the close of the sale the checks are returned to those who did not win the bid.

Then it has to be determined how the bids will be accepted. It may be that the bids will be done according to the group gathering. In other cases bids may be accepted by sealed bids.

Can I Auction My Own Home without a Professional?

The rules vary for the way a homeowner is able to sell their house. In some states they may be allowed to auction the home themselves without the services of an auctioneer. It is important to understand what the auction laws are for your specific state. Keep in mind that an auction sale is different than a private sale. In most cases it would not be wise to consider the question can I auction my own house without a professional.

How to Auction a house online

Another question you may have is how to auction a house online. A sell real estate auction encompasses this type of opportunity.

First you have to be aware that if you are going to research how to auction a house online that you will discover it is all electronically done. The bids are done on the web. These do not just pertain to foreclosed homes. Many investors will use this method to sell homes that they are flipping.

The bidding price will be set then the bidding goes from there. The bidding price is just the starting point to kick off the auction. In most cases it is not the asking price of the seller. Nor, is the price the seller will take. Chances are there will be a reserve price that is not made public.

Disadvantage of Auction

how to auction a house by bidding

You will discover some positive answers to how to auction a house. Plus, you will soon learn there can be several disadvantages to this way of selling.

  • There are several steps as outlined that you have to go through. It is easy to make a mistake in choosing the wrong auctioneer.
  • It could be difficult to find a professional in your area depending on your type of home.
  • You most likely will pay more in auctioneer fees than you would with a traditional real estate sale.
  • The potential buyers are more experienced at home buying. This can make it more difficult for a sale at the expected price.
  •  Your home may have to compete against others that the potential buyers are already aware of
  • Good potential buyer turn out could be limited. This  depends on the aggressiveness of the advertising tactics of the auctioneer.

Selling to a Cash Buyer

These are all significant disadvantages. Perhaps instead of asking how to auction a house, the better question would be Should I sell my house for cash. There are a lot of advantages to selling a house for cash.

  • This  includes a lot less hassle for you.
  • You don’t have the uncertainty of whether you will get a buyer.
  • There are no hassles of having to do potential repairs to help sell the house.
  • No inconveniences of house showings
  • A realistic sale price
  • Less selling costs
  • Far less legalities

Selling to a cash buy is most definitely the easiest, most convenient and most effective way to sell your house.

We understand that facing foreclosure is a scary and stressful time for you. That’s why we’re here to answer any questions you might have about the foreclosure process. At Matt Buys Houses TX, we’re here to help you. Ready to sell, or just have a question? Give us a call at 210-596-9669. We’ll give you a no obligations cash offer to help you stop foreclosure in its tracks!
 

The information presented in this article is for educational purposes only and should not be considered legal, financial, or as any other type of advice.

Selling Your Parents House for Cash in San Antonio

March 19, 2025 • Matthew

You may be  looking at selling your parents house. If so,  you may need to rely on your power of attorney sell property option.  If you are using this authority to do this you need to make sure it is correct. Meaning that the power of attorney sell property authority is legal. If you parents are mentally incapacitated the power of authority may need professional backing. It means that one or maybe two doctors are  required to certify the incapacitation. You may want to have a lawyer help you with getting the power of attorney sell property authority. Once done in a legal manner then you can go about selling your parents house.

Sell your Elderly Parents Home

selling your parents house when they're old

There will be some challenges. Even though you have the authority to sell your elderly parents home. They may not understand why you are doing this. If they are still living in the home you will need to prepare them. Too much upset for them will make them unsettled. By discussing with that the house needs selling in a positive way it will help. If they have something to look forward to it will be easier for them.  When selling your parents house you want it to be as least disruptive as possible.

Get a House Ready to Sell

When you are selling your parents house you have some work ahead of you. You will need to get a house ready to sell by getting it so it will show in a positive way. How much work this will take will depend on the circumstances. If your parents have gathered a lot of things over the years you will need to declutter.

Then you will have to do a house inspection. Doing to will help you determine if there are repairs. There may be some things that need doing when selling your parents house. Prospective buyers may want a house inspection. You do not want to lose a sale because it didn’t pass inspection.

As you go through the sell parents house process it may be upsetting for your parents. You may have to go slower than you wanted to. Otherwise it will be overwhelming for them. The sell parents house task requires a lot of patience.

Should Seniors Sell Their Home

selling your parents house with a realtor

You may be asking yourself should seniors sell their home. After all this is your parents home. You may be feeling guilty about selling your parents house. As parents age taking care of a home can become too much for them. Small repairs left unattended to can turn into big problems. Plus be expensive to do. Many seniors are living on a fixed income. They no longer can handle the financial obligations that comes with home ownership. In these cases the answer to should seniors sell their home most likely is yes. Then there are some seniors whose health is failing. Being in their home may no longer be safe for them. When you are selling your parents house these are all things you need to consider.

For Sale By Owner

You  want to get as much money as possible from the sale of the house. It is one of the things to think about when get a house ready to sell. But you don’t want to be paying a lot of money for repairs either. When selling your parents house you may think about the for sale by owner option. Aside from saving money you may think it will be easier on your parents.

You will save on real estate fees with the sale by owner option. But you may end up still spending a lot of money to get a house ready to sell.

The sale by owner can be difficult on your parents and you. Potential buyers will want to see the house. It still means bringing strangers into your parents home. It could be stressful for them. Then you have the hassle of being there for the showings. Plus, you have all the advertising and marketing to take care of.

A for sale by owner can be a  slow process. Most likely you want a quick sale.

How About a Way to Sell a House Fast?

selling your parents house for cash

When selling your parents house you want to do it as quick as possible. When selling in a traditional manner you have to depend on the realtor for this. If you go for sale by owner it can take even longer. There is a way for selling your parents house fast.

Sell House for Cash Option

Everything that you are hoping to do with selling your parents house is possible. It is possible through a sell a house for cash opportunity. There are trustworthy and experienced investors that are willing to buy your parents house. They will do so in a fair manner.

These investors will give you the total amount of cash for the house that has been agreed upon. It means your parents will have the extra money they may need. Perhaps they need to pay to go into a retirement home. With the extra cash from the sale they will have more options.

The sell house for cash means you are not going to be upsetting your parents. They don’t have to put up with strangers coming through their home to see it. They are not going to be living in a home that is going through the packing process.

There is not going to be any of the hassles of repairs. The sell house for cash buyers will buy the house as is. It means that there will be no need for a house inspection. The sell house for cash is fast. Your parents can get settled into their new living quarters much faster. It will give them stability once again. For you the hassles of selling your parents house will come to an end. The sale is simple and quick.

You will save money from not having to pay realtor fees. Plus, you won’t have the expenses that come with selling the house by owner. The legal fees will be minimal as it is a straightforward sale. If you have the task of selling your parents home then the sell a house fast for cash is the ideal option for you.

Need to Sell Your Parents House?

selling your parents house to cash buyers

At Matt Buys Houses TX we specialize in a quick sale so that you can get on with the more important things in life. Don’t stress out about selling your parents’ house. In the event you need to sell your parents house before death, give us a call at 210-596-9669. We would love to answer any questions about the house selling process that you might have.

The information presented in this article is for educational purposes only and should not be considered legal, financial, or as any other type of advice.

Should I Auction My House in San Antonio?

March 12, 2025 • Matthew

There can be many reasons homeowners find themselves in a position of needing to sell their house. Sometimes it’s necessary because you need to relocate for work or to take care of an aging loved one. It might be a financial decision, the need for a bigger or smaller living area, or the house needing too many costly repairs. No matter why the need arises, many homeowners consider auctioning a viable option. Maybe you have some of the same questions like: Should I auction my house? Or Can I auction my own house? Selling a house at an auction can be a viable option if the process goes smoothly. There may also be better options. Here are some of the things homeowners need to know about auctioning a home.

Should I Auction My House? Where Do I Start?

should i auction my house to avoid foreclosure?

Auctioning your house can seem like a doable option if you are looking to sell. If you are asking, should I auction my house, there are several steps you will need to take. First of all, you’ll need to locate the right auction house. Make sure to do your homework on the auction house, they need to be reputable. You will also want to review their real estate auction fees so you understand what it is going to cost you out of your profits. The auction house should work with you to advertise your home. During this time, make sure to keep the house in good shape and looking good as people will be looking at the property to make their bids.

Pros and Cons of Auctioning a House

should i auction my house? what are the pros and cons

Are you one of the homeowners asking, Should I auction my house?  If so, then you need to be aware of auctioning a house pros and cons. Going through the process is not always easy, and it’s important to work with professionals who have real estate auction experience. Here are some of the biggest pros and cons:

  • Con – Extra Cost: There are going to be a few extra costs associated with going through a real estate auction company. The rates vary, but in essence, you are paying them to sell your house. They will choose how to handle the marketing efforts and when to hold the auction.
  • Pro – Market Value: Setting a price for your house can be difficult, but when you open it up for bids, you’ll know what people are willing, and not willing, to pay for it. The bids are a way to get an immediate market value on your home.
  • Pro – Faster than Real Estate Market: An auction is a quicker way to sell than going through a real estate listing. That can literally take months or even years before the property moves. An auction is a way to gather interested buyers together for a day. The whole auctioning process can be done in an hour or two.
  • Con – Stuck with a Bad Offer: For most auctions to be successful, the seller has to agree to take the highest bid, whether or not they are happy with it. This is the type of auction that will attract the most bidders. Real estate investors feel like they are wasting their time if they have sellers who back out on selling the property at the last minute. But, if you agree to take the highest bid, you may be stuck with a price that is far less than you wanted.

How to Auction a House Online

should i auction my house online

Are you still asking, Should I auction my house? It’s okay. It’s a big decision to sell your house, any house, and you should take your time. Perhaps you’ve wondered how to auction a house online. For some, it is a workable option. Actually, as we live in the digital age, online auctions are increasingly popular. You will first have to locate a real estate marketer online who helps you auction your house. They will ask you a lot of questions to help you get started, and of course, they will charge you a fee. It works much like a physical auction, except the property is listed online and bids are taken online. Once the bids are in and selected, closing will take between 30 and 45 days on average.

Another Viable Option – Cash Home Buyer

Maybe you’re wondering now, Should I auction my house or not? It can sound very complicated. But there is another option that is easier, faster and less involved. Talk to a cash buyer. It can be a better option than putting your house on the market. Actually, it can save you a lot of time, effort and worry to sell to an investor who pays cash for houses.

How Selling to a Cash Buyer Works

should i auction my house or sell it for cash by owner

A cash buyer is a real estate investor, who pays you cash for your house. They will do an informal inspection of your property and make you a cash offer. You do not have to make any repairs or spend time and money getting the house ready to show. Cash buyers will make their offer on our house as-is, meaning they will take it just like they see it. You’re not out time or money for costly repairs, and you have the money in your hand. There’s no need to list the house or wait for bids to come in through an auction.

The other good thing about selling to an investor is there is not waiting a month or more for closing. The investor will handle all the paperwork, and have it processed quickly and painlessly. Selling to a cash buyer is fast, easy and stress free. It’s the fastest option available!

We understand that facing foreclosure is a scary and stressful time for you. That’s why we’re here to answer any questions you might have about the foreclosure process. At Matt Buys Houses TX, we’re here to help you. Ready to sell, or just have a question? Give us a call at 210-596-9669. We’ll give you a no obligations cash offer to help you stop foreclosure in its tracks!
 

The information presented in this article is for educational purposes only and should not be considered legal, financial, or as any other type of advice.

Can I Sell My Parents House to Siblings in Texas?

March 5, 2025 • Matthew

Nobody likes to think about having to take on the role of caring for their parents. Instead of their parents caring for them. Parents do age and they often need the help of their children. Many times they are still house owners when this happens. Now it may mean you need to sell your elderly parents home.  If so you may ask can I sell my parents house to siblings?

Selling Your Parents House

sell my parents house to siblings in my area

It may be that your parents have given you the responsibility for their decision making. Now you are responsible to sell your elderly parents home. You may have other siblings that want to keep the home. The question you now need answers to is can I sell my parents house to siblings? The answer is yes you can. But it could come with a lot of challenges. Especially if there is more than one sibling.

Sell My Parents House to Siblings Challenges

Most often siblings want to buy the parents house because of emotional attachment. A challenge may be that they are not in a financial position to buy the house. It may be difficult on you that has the sell my parents house to siblings option. You may have to be the one that tells them no. It can cause problems in the family when you do this.

It may well be that you need to sell parents house to pay for care that they will need. The sibling who wants to buy the house does not understand this. They will not understand that you cannot give them the house without proper cash.  You need to sell parents house to pay for care.

The sell my parents house to siblings challenges can include several siblings. They each may want to buy the house. Then when selling your parents house you have to deal with trying to decide which sibling to sell to. Any decision made to sell to one would be unfair to the others.

The best way to avoid the sell my parents house to siblings is to make the decision to put the house on the market. Which now when selling your parents houses creates new challenges. Chances are you are going to want to consider fast ways to sell parents house options.

For Sale By Owner

sell my parents house to siblings by owner

Once you have decided the sell my parents house to siblings won’t work there are other options. One of these that many consider first is the for sale by owner. They think that this is one of the fast ways to sell my parents house options. Often they end up disappointed. The house may not sell fast. Then the sell my parents house to siblings question may get raised again.

There are a lot of challenges that come with the for sale by owner options. It can be difficult to determine what houses like your parents house are selling for. You need to do a lot of research for what is selling in the area.

Then you have to decide how you are going to list it. This means you need to find good venues for doing this. You can use the internet for this. But this comes with some extra challenges. It can be hard finding the right spots on the internet to get the exposure that you need.

Along with this it will be time consuming for you.  If you are not considering the sell my parents house to siblings. The siblings may not be willing to help you sell your elderly parents home.

There may be a problem with your parents home. It may need repairs. Quite often the elderly are not able to handle the upkeep of the home. As a result it gets run down. Prospective buys may want a home inspection. The home may not pass. You will then have to deal with repairs. These can be time consuming and costly. Not to mention its hard on your parents.

You may need to look at other options besides the sell my parents house to siblings. Or to go with a sale by owner. You will not likely want to go the traditional method which is selling through a real estate agency. It can take time. Plus, it will present some of the same problems. The problems that come with the sale by owner.

All  this may seem discouraging. But there is a great solution.

Sell House for Cash

sell my parents house to siblings for cash

The sell my parents house to siblings may not be workable. You may need to sell parents house to pay for care. It means you need cash. You can use the sell house for cash option. This is a total problem solver.

There are trustworthy buyers who buy houses for cash. It means that your parents will have the funds they need. They will get this cash fast. It can then go towards their new accommodation. Or any special care that they need. It is going to be a big time saver. The deal can close immediately. It means cash is on hand much faster.

Plus the sell house for cash deal can save your parents money. There is no need to generate money for house repairs. The sell house for cash deals don’t need home inspections. That means the parents don’t go through the hassles of putting up with repairs. For you it means a lot less stress. You no longer have to look for fast ways to sell parents house options. You don’t have to deal with the sell my parents house to siblings problem.

There is no tasks of having to list and show the house. You can now focus on the care that your parents need. You will have the money in hand to get them settled in a new environment. An added bonus is there are no realtor fees to deal with. Also, no worries about having people come through the house for showings.

All  the decision between siblings will be over with. The sell house for cash option is a great alternative for selling your parents house.

Sell Your Parents House for Cash Today

sell my parents house to siblings to cash buyers

You don’t need to stress about how to sell your parents house. If you need to sell it today, don’t jump through the hoops of selling it to your siblings. We understand that you need to sell your parents house as soon as possible, and that the house selling process is stressful. At Matt Buys Houses TX we specialize in closing on houses quickly so that you can move on to the other more important things in life.

Do you have a question about the house selling process? Do you want to get your no obligation cash offer for your parents house? Even if you don’t decide to sell, we’d love to answer any questions you might have. Give us a call today at 210-596-9669.

The information presented in this article is for educational purposes only and should not be considered legal, financial, or as any other type of advice.

Can I Sell a House to Avoid Foreclosure in Texas?

February 26, 2025 • Matthew

Have you found yourself in a financial bind and need to sell a house to avoid foreclosure? Maybe you’ve even asked yourself, Can I sell my house to avoid foreclosure? While each situation is different, in most instances you can avoid a foreclosure auction altogether. There are some ways to sell a house to avoid the foreclosing process. Foreclosure can affect more than just your credit. However, you do have a few options available.

What is the Foreclosure Process?

Many people do not understand the foreclosure process. Honestly, they just want the answer to the question: Can I sell my house to avoid foreclosure? The goal, of course, is to avoid the foreclosure auction if there’s any way to do so. Foreclosure doesn’t happen out of the blue.

Step 1: Missed Payments:

sell a house to avoid foreclosure when you miss payments

Maybe you got laid off at work, lost your job, lost a second income, or hit a rough spot financially. It happens to everyone at some time or another whether it’s illness or job related, a few house payments go unpaid. Once you have missed three and are 90 days behind on mortgage payments, lenders can start the foreclosure process. If you have not received a Notice of Default (NOD), there is still time to work out a deal with your lender.

Step 2: Pre-Foreclosure:

The lender will record a public notice that you are in default on your mortgage payments. The NOD is often posted on your front door. This is still considered a grace period and you still have three months to find a way to get out of “default” status on your loan. You may work out something with the lender, take out a separate loan to bring your mortgage up to date, or any other option, including to sell a house to avoid foreclosure.

Step 3: Auction:

sell a house to avoid foreclosure with auction

If you have not been able to get out of default three months after the NOD, the lender will set a date to sell the property at auction. At an auction, your home will be sold to the highest bidder whether it is enough to pay off the mortgage or not. The homeowner will still be responsible for any balance remaining on the initial mortgage if it didn’t get covered by the auction.

How Does a Foreclosure Affect a Homeowner?

sell a house to avoid foreclosure when it affects you too much
One reason many people want to sell a house to avoid foreclosure is that the foreclosure affects a lot more than just your credit rating. In most instances, after a home is lost through foreclosure, the individual’s credit score drops about 250 points on average. It can take at least three years of making every single payment on time to restore the initial credit score. Besides being devastating to your credit score, there are other areas affected. These include:

  • Buying another house – After a foreclosure, it can be difficult to purchase another house. Some lenders only require a waiting period, others will not make a loan to a person who has been through foreclosure.
  • Tax Difficulties – For many people who lose their home through foreclosure, there are tax implications. You may be liable for taxes on the home the lender sold through auction.
  • New Jobs: In most instances, a foreclosure may not affect your job or ability to get one. However, you will not be able to work in the financial industry such as in a bank if you have poor credit ratings.

Can I Sell a House to Avoid Foreclosure?

sell a house to avoid foreclosure options

Have you been saying, Just stop my foreclosure! You have options. There are always options, even if you just want to sell a house to avoid foreclosure. Look at the options you have available to see which one will work best for your situation. Every individual situation is unique, and finding an option may take creativity, but there is always a way out of a foreclosure. Here are some options to explore:

  • Do a short sale to stop foreclosure. This can take a lot of work, and you are on limited time before the lender sets a date to auction the house. However, a short sale is a viable option for many. If your house is in the foreclosure process and you get a bid on the property, the lender is required to consider it as an option to foreclosure. You usually have the option to sell a house to avoid foreclosure.
  • Discuss refinancing options with your lender. You may have some refinancing or mortgage modifications available that can help make your payments more manageable. In some cases, depending on finances and other criteria, lenders can lengthen the time you pay while reducing the amount you pay. This modification helps keep you in your house. However, before they make modifications, the lender may require that it be brought up to date. That may present a challenge.
  • Sell to a cash buyer. The best option for homeowners who want to sell a house to avoid foreclosure just might be selling their house to a cash home buyer. The process is actually a simple one. The cash buyer takes a brief look at your house and then makes a cash offer. If you are comfortable with the offer, they give you the cash and complete the paperwork for the sale. Closing usually takes as little as a week since it is a much faster process. You take the cash to the bank and pay off the mortgage. It really is that simple. You do not have to show the house, prepare the house or make any repairs as a cash buyer is an investor and will take the house as-is. No preparations are necessary.

Want to Avoid Foreclosure Auction?

sell a house to avoid foreclosure with cash buyer help

We understand that facing foreclosure is a scary and stressful time for you. That’s why we’re here to answer any questions you might have about the foreclosure process. At Matt Buys Houses TX, we’re here to help you. Ready to sell, or just have a question? Give us a call at 210-596-9669. We’ll give you a no obligations cash offer to help you stop foreclosure in its tracks!
 

The information presented in this article is for educational purposes only and should not be considered legal, financial, or as any other type of advice.

Fast Ways to Sell Parents House in San Antonio

February 19, 2025 • Matthew

Selling one’s own house can be a big enough challenge. But when one has to take on the sell parents house task it becomes an even bigger job. There are some options to use to sell mom and dads house.

Options to Sell Parents House

sell parents house options

There are  different options  to sell mom and dad’s house. They are choices when taking on the task to sell parents house.

Sell Parents House Using Traditional Methods

The traditional method of selling a house is by using the services of a real estate agent. Anyone that has bought or sold a house knows how this works. For those that haven’t there are some basic things to keep in mind.

The responsibilities that you will have will depend. If you are about to sell parents house after death, you may have more legal responsibilities. You may be about to sell parents house. It could be because they are moving. You are facing different challenges.

In either case you will have to work with the real estate agent. There are some things that you will need to do.

First you will want to pick a real estate agency that has a good track record for selling homes in your area. It will be important because most likely you will want to try for a quick sale. But, at the same time you want the home to sell for what it is worth.

Then you are going to have to make sure that you have time set aside. There should be showings and its likely you will want to be in the home during this. If your parents are elderly it can be upsetting for them to have strangers come through their home.

If the house sells then you have all the legal aspects of the sale to attend to. How much responsibility you will have to take on will depend on the age and stability of your parents. When one has the sell parents house responsibility they also have the legal responsibilities. There are some that have the sell parents house after death task. The legal responsibilities can be even greater.

How to Sell a House By Owner

sell parents house by owner

When you go to sell mom and dads house it may be confusing. Most often confusing for them. It is easier if  you brush up on the how to sell a house by owner tactics. It means one less person to deal with. It may be more comforting for your parents. But, it will create even greater responsibility for you. Some individuals try this method at first to sell parents house after death. There are a lot more steps to go through to sell parents house by owner.

The first step will be to determine what the houses in the area are selling for. This takes some time to do the research. It can be a daunting task because you won’t have the resources that the realtor will have. It will mean checking out the local listings. It will help to see what the houses are listed for. But, it won’t tell you what they sold for.

The next step will be at least taking a few images. You may be going to try to use the internet as it is one of the how to sell a house by owner tactics. The sell parents house procedure using this method can be frustrating.

Then you are going to want to find as many resources as you can to market the house. You shouldn’t rely on just one resource. At least not if you want to sell the house as quick as possible. Other resources include using local newspapers. Then putting a private sale sign on the property is another option.

Beprepared for the showings. It is going to be the next task. You  do not want interested buyers coming to the door. It can be disturbing your parents. If you are about to sell prarents house after death, then the house might be empty. You will need to be available to show the house.

Finally if the house does sell you are going to be responsible for all the legalities. You have the extra burden of knowing how to draft the sale papers. Then you will need a lawyer to ensure these get done right. Plus, the lawyer will have to look after the closing.

Getting the House Ready for Sale

sell parents house repairs

Another huge task that comes when you go to sell parents house is getting it ready for sale. This is required no matter which option you choose. It means doing an inspection of the home to see what repairs you will need to do. Most likely a home inspection is conducted at the request of the potential buyers. You need to be sure to take care of  any issue they may have. Otherwise most likely a proposed sale will not go through

A Third Option to Sell Parents House

While the first two options are available there is a third option. For those that have the sell parents house this option often proves to be the most viable. It is to sell to a cash buyer. All one has to do is look at the advantages of doing it this way, so you know it’s the right way.

  • There are no real estate agents to deal with
  • There are no inconveniences of home showings
  • There is no piles of paperwork and contracts to deal with
  • There is no waiting for weeks or months hoping the house will sell
  • There is no need to do repairs which could end up being costly.
  • The legal work is minimal
  • There are no disappointments of deals falling through

Then there are extra important benefits. This sell parents house option to a cash buyer means that the house is  bought for in cash. There are no real estate commissions. For those whose parents are still living they now have fast cash to help them get settled in a new place. For those that have to sell parents house after death there is the cash available. Cash to be able  to handle all the expenses that may have occurred because of this. Out of all the options to sell parents home, this one is by far the quickest, easiest and hassle free method.

Sell Your Parents House Fast

sell parents house for cash

At Matt Buys Houses TX we specialize in a quick sale so that you can get on with the more important things in life. Don’t stress out about selling your parents’ house. In the event you need to sell your parents’ house before death, give us a call at 210-596-9669. We would love to answer any questions about the house selling process that you might have.

The information presented in this article is for educational purposes only and should not be considered legal, financial, or as any other type of advice.

5 Tips to Stop Foreclosure Fast in Texas

February 12, 2025 • Matthew

Just the term, foreclosure brings up feelings of fear and dread. No one wants to lose their house. You may have already heard the term, or you may fear hearing it soon as you’ve fallen behind on mortgage payments. If you’ve missed a mortgage payment or two, you’ve probably already received some communications from your lender. After you miss three or more, they’ve probably started sending you notices about foreclosing on the property. Fortunately, there are some things you can do to stop the process. Here are five tips to stop foreclosure fast.

5 Tips to Stop Foreclosure Fast:

These tips to stop foreclosure fast will save your home and your financial situation. Don’t stress, it happens to a lot of people. These easy tips will make it simple for you to bounce back.

Tip 1: File for Bankruptcy

file bankruptcy for tips to stop foreclosure fast is to sell to cash buyers

The first of five tips to stop foreclosure fast is to file for bankruptcy. Filing bankruptcy is one of the ways to stop foreclosure immediately. Foreclosure is considered a collection activity and the federal government mandates that as soon as a petition or bankruptcy is filed, debt collectors must stop engaging in collection activities. The day lenders become aware you filed for a bankruptcy, the foreclosure process stops immediately. Bankruptcy doesn’t do anything but give you time to sort things out financially. Maybe you were behind on payments because you lost your job, or because you were unable to work due to a temporary disability. Filing gives you some time to get it all together. The law requires that your creditors, including the mortgage company, work in good faith with you to find a workable way to help you get back on track with your payments. Of course, filing for bankruptcy will have a negative impact on your credit and future borrowing abilities. Discuss this option with a knowledgeable attorney to see if it is a good strategy in your situation or not.

Tip 2: Sell Your House in Short Sale

tips to stop foreclosure fast include short sales

The second of our five tips to stop foreclosure fast is to sell your house in a short sale. Once the lender files a Notice of Default (NOD), but before an auction is scheduled, if there is an offer to buy the property, the lender has to consider it. Lenders who foreclose on a property, are just going to sell it to try and make up for their losses. If you have asked, My house is being auctioned, what do I do? Or How can I save my house from auction? A short sale may be your answer. If you are able to present your lender with a reasonable offer from a short sale, they may take it. It would save them the trouble, effort and time it takes to try and find another buyer or schedule an auction.

Tip 3: Apply for a Loan Modification

tips to stop foreclosure fast include loan modifications

Our third of five tips to stop foreclosure fast is to apply for a loan modification. You can apply for a loan modification with your lender. Both federal and state laws prohibit lenders from continuing with the foreclosure process if a loan modification review is in process. When you apply for a loan modification, the lender will look at the terms of the loan. If there is a way to redo the loan so that your payments are lower, they may be able to modify the terms of the loan to accommodate you. Sometimes, they add more time to the loan, which lowers your payments into a range you can reach, but adds another year or more of payments you’ll need to make. They may be able to adjust the interest rates to the going rate if it’s lower. There are a few alternatives available with a loan modification. It may be one way how to stop a foreclosure sale date if you request it in time.

Tip 4: Offer a Deed in Lieu

tips to stop foreclosure fast include offering a deed in lieu

The fourth of our five tips to stop foreclosure fast is to offer a deed in lieu of foreclosure. That term basically describes exactly what it does. You offer the lender, or mortgage company the deed to your property voluntarily “in lieu” of them going through the foreclosure process. It can be a way to stop bankruptcy fast, but it does have a negative effect on your credit standing. The other problem is that lenders are not required to agree to take a home back. A deed in lieu can be declined for many reasons. For example, if you have numerous mortgages on the house, or the lender thinks you are not in as much financial stress as you claim, they may choose to not take the deed back and continue with the foreclosure process.

Tip 5: Sell to a Cash House Buyer

tips to stop foreclosure fast include selling for cash

Our fifth of five tips to stop foreclosure fast is to sell your house to a cash buyer. Investors will offer you a cash price on your property after an informal inspection. If you accept, they will pay you in full for your house, in cash. It’s fast, simple and done. You do not have to worry about making a lot of repairs or renovations to make the house ready for sale. Cash house buyers offer you cash for the house “as-is” meaning they will take it just like they see it. There’s no inspections needed or any other assessments. You don’t have to worry about a sale falling through, or another person not qualifying for a loan with their lender. Another great thing is that the cash buyer helps with all the paperwork. You don’t have to wait months for a closing date that gets scheduled and rescheduled. The entire transaction is completed in just a matter of days. You get to stop the foreclosure process and are relieved of all the stress.

These are our five tips to stop foreclosure fast. After you look at your situation and all the details, you can decide which way is going to work best for you.

Want to Stop Foreclosure Fast?

avoid foreclosure auction with our help

We understand that facing foreclosure is a scary and stressful time for you. That’s why we’re here to answer any questions you might have about the foreclosure process. At Matt Buys Houses TX, we’re here to help you. Ready to sell, or just have a question? Give us a call at 210-596-9669. We’ll give you a no obligations cash offer to help you stop foreclosure in its tracks!
 

The information presented in this article is for educational purposes only and should not be considered legal, financial, or as any other type of advice.

Are We Buy Houses Companies Credible?

February 5, 2025 • Matthew

Maybe you’ve seen the signs in your own neighborhood and wondered, “Are we buy houses companies credible”? The advertisements talk about companies that buy houses for cash fast, but they do not talk about if cash house buyers are safe or reputable. Just like any industry, there are those who are dishonest, but investing in real estate is an honest business.

There are some signs for you to watch for to determine which we buy houses companies are credible and which ones are not honest. Cash house buyers are simply real estate investors and are safe. There are certain things that reputable house buyers do.

Are We Buy Houses Companies Credible?

sell your house to we buy houses companies credible

The obvious answer to are we by houses companies credible is yes. Once you understand how they work, you’ll understand that companies that buy houses for cash fast are just like any other business, except they are focused on investing in real estate. Here are a few of the things reputable cash home buyers do for homeowners:

  • Companies that buy homes for cash help homeowners who have found themselves in a bind. They can offer the homeowner cash quickly. One example is when someone needs to relocate, cash house buyers help the owner be relieved of the responsibility of the property and put cash in their hands. Sometimes people need to sell quickly because of extensive medical bills or in cases where they have lost a job.
  • We buy houses companies are credible because they can help a seller get rid of their burdensome property without having to go through a long wait or the hassle of paperwork. Selling through an agent or trying to sell your property yourself can sometimes feel like it takes a lifetime. Investors buy homes fast without making the seller wait for the market to catch up.
  • Cash house buyers are safe to do business with because they are investors. They can sometimes improve the value of neighborhoods. They purchase a house, and then make improvements which help to enhance the community by adding value. In many cases, they repair houses that have been in ill repair or neglected for some time. Instead of the neighborhood watching the house fall over time, it can watch it turn into a beautiful home for a family.

Are we buy houses companies credible? Yes. They are not trying to run a scam or get-rich-quick scheme. It really is an honest way to help out people who are trying to sell their home. It’s an honest way to make a living.

How safe and easy is it to sell to a cash house company?

are we buy houses companies credible for cash payouts

You may still be asking a couple of questions. You may wonder how does we buy houses for cash work?  And perhaps you wonder Just how safe is the process? If you still have questions and wonder if we buy houses companies are credible, check out some companies that buy houses reviews. Consumers are usually real honest about how a deal went, whether good or bad. Reading through several companies that buy houses reviews will give you more insight on how the process works as well as help you learn more about this safe practice.

The process is rather simple, which is why more homeowners are opting to sell to cash buyers. The investor will come and do an informal evaluation of your property. Based on what they see, and how involved the renovations or repairs are going to be, they will make you a cash offer. You are under no pressure or obligation to take the offer, it’s just an offer. But if you decide it will work for you, then they will pay you cash for your house. In most cases, cash house buyers also take care of closing costs and help finalize the paperwork. When compared to putting your house on the market, this is a much faster and smoother process.

What are some of the reasons homeowners go through a cash buyer?

should you sell to we buy houses companies credible

Once you get an answer to how does we buy houses for cash work, then you may feel better about it and understand that cash house buyers are safe. Maybe you’ve read through some companies that buy houses reviews and wondered why so many people are opting to go through cash buyers. There can be lots of reasons for sellers to use an investor. Some of the reasons to choose a cash buyer include:

  • The homeowner is facing a foreclosure
  • The primary breadwinner needs to relocate for their job
  • A couple is going through a divorce
  • The death of a family member or loved one
  • Inheriting property but you can’t keep it
  • Repairs are too expensive
  • Want to avoid auctioning a house

These are just a few of the situations homeowners may face and need to get out from under a payment fast. That’s when a cash house buyers safe options come into play.

Final thoughts on cash home buyers credibility

A we buy houses companies credible business can be a huge benefit for someone who needs to get rid of a house fast for any reason. You can have the cash in hand without needing to stage your house or make a lot of repairs. You also do not have to pay out of pocket for a property assessment or for a home inspection. It comes down to getting a fair price for your property and you being able to get out from under it quickly. A cash home buyer can help you do just that. They can pay you cash and handle the paperwork so you don’t have to. Take the time to talk to an investor and find out what they can do for you.

Sell to a Credible We Buy Houses Company Today!

we're here to help sell my house without an agent

Don’t spend all of your time repairing your house to sell. When you sell to a cash buyer, we’ll buy your house in any condition. We’ll buy it as is! At Matt Buys Houses TX, we’ll make you a no obligations cash offer for your house in order to help you avoid the stress of getting your house ready for the market.

Have a question? Give us a call! We’re always ready to talk. No matter if you have questions about the house selling process, or want to get a quote for your house, we’re more than happy to help! Reach us at 210-596-9669, or send us a message on our website!
 

The information presented in this article is for educational purposes only and should not be considered legal, financial, or as any other type of advice.

Can a Power of Attorney Sell Property in Texas?

January 29, 2025 • Matthew

There comes a time when parents are no longer able to care for their affairs in a proper way. They may  have to sell their home. This can take place for a variety of reasons. It may be that you will need a power of attorney sell property option. The power of attorney is not just for selling property. It allows you to help them with many  legal matters. At least in most cases. People are often faced with the selling my parents house dilemma.

Power of Attorney sell Property

can power of attorney sell property for elderly parents

The power of attorney sell property is just one part of the authority that comes with a power of attorney. To get this there are some steps that one needs to go through.

The first thing that you need to do is talk to your parents. You want to do this while there are in good mental health. It can be more difficult to get a power of attorney if they are not. They have to give you power of attorney by their own free will . If they are  mentally capable of making this decision. If not you will need professional help. A medical professional will have to find them incompetent. From there lawyers will need to help draft up a power of attorney. It is for this reason that it is better to have the power of attorney once the parents begin to age.

It should begin by talking to them. They will most likely appreciate being able to put the major decisions in your hands. Big responsibilities like selling a house can be too much of a strain for them. It comes with a lot of decision making. They may prefer that you take on this task. It will become part of your willingness that comes with selling my parents house.

 Selling My Parents House

Once you have the power of attorney in place it allows you to make the decisions that are  necessary. One of these may be to sell your elderly parents home. You will be able sign papers on their behalf. It is not unusual that many people need to deal with the question of how to sell my parents house before death. They don’t realize there is the power of attorney sell property option. This gives the authority for you to make binding decisions on their behalf.

How to Get a House Ready to Sell

Once you have the power attorney sell property authority you need to know how to get a house ready to sell. It can be difficult if you are have the the sell my parents house before death challenge. It is because most likely the parents are still living n the home. When you go to sell your elderly parents home they can get confused and upset. Then when you start doing repairs on the home this is unsettling for them.

For Sale By Owner

can power of attorney sell property for my parents

You may decide with the power of attorney sell property authority to sell the home yourself. It is so it makes it easier on your parents. Meaning that instead of using a realtor you will do all the work. This presents extra stress and challenges for you. But, you may be thinking that it will be easier on your parents.

If you use a real estate agent it can be difficult for your parents. They will have one stranger bringing other strangers into their home. Yet, if you do a for sale by owner then you will be the one showing the house.

It means that you are going to have to to dedicate the time to this. The power of attorney sell property authority is creating a lot more responsibilities. Selling a house by owner will add to this.

Aside from having to show the house there are many other tasks that come with this way of selling. You have the job of letting people know its on the market for sale. But before that you need to do some research. You have to determine how much to list the home for. It can be difficult do the necessary research. You don’t have the tools and resources to do this in the proper way.

If you don’t list the home within a proper price range you won’t get any showings. Then you have to determine where you are going to list the home. You can do this in the local papers. Or even online if you know where to go on the web to do this. There is some level of danger to this . Strangers could come to the door unannounced. Your parents may be prone to letting them in when you are not there. This is not a position you want to put them in.

Sell Parents House Fast

can power of attorney sell property for my parents

You will be doing your parents a favor if you look at the sell parents house fast option. It is an option that allows you to sell the house for cash.  You can make this decision on behalf of your parents.  You have the power of attorney sell property authority. It is the one option with the least amount of hassle when you want to sell your elderly parents home.

There are professional investors who specialize in buying homes for cash. They will determine a fair price for the home. They will take into account the condition of the home. At the same time they will not expect you to do any repairs or upgrades. They will want to buy the house as is. Plus, they are willing to pay the total amount in cash and in a quick manner. Also, you won’t have the expense or hassle of trying to sell the property yourself. There are no real estate fees so you are saving money there. Also, you have saved money on not having to do any repairs.

The power of attorney sell property is the best option to sell fast.  The sell for cash is a clean hassle free simple way to sell the house.

Sell Your Parents House Without The Hassle

Selling your parents house is stressful. Although there are lots of ways to do it, using power of attorney takes time and money. Don’t wait for the house to get sold. If you need your parents house sold ASAP then selling to a cash buyer is your best option.

Here at Matt Buys Houses TX we specialize in closing on houses quickly so that you can move on to more important things in your life. Selling a house has a lot involved, but not if you’re selling to us. You don’t have to repair your home, we’ll buy it as-is! Have a question about the process or want to get your no obligations offer today? Give us a call at 210-596-9669. We’d love to talk to you!

The information presented in this article is for educational purposes only and should not be considered legal, financial, or as any other type of advice.
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