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Matt Buys Houses TX Posts

Speed >>> How to Sell a House Fast in San Antonio

April 13, 2021 • Matthew

Selling a house can be overwhelming. It’s a valuable asset, an unfamiliar process, and there are many factors involved in making a fair decision. In talking with hundreds of sellers over the years we have learned that Speed is one of the most important factors. Speed is a buyer’s ability to buy…and therefore a seller’s ability to Sell a House Fast. Here you will learn about Speed >>> How to Sell a House Fast in San Antonio. If you want to Sell a house fast in San Antonio you can Get a fair cash offer today using our simple, free & easy process at mattbuyshousestx.com. Speed plays a rSole in almost every other factor.

Cash – why does someone want Cash for Houses over other funding options? Because cash is more reliable and doesn’t suffer the same delays traditional lending does. This article states that “…the average amount of time it takes for homebuyers in the US to close on their home is 47 days…” Add to that the risks of a slowing market, low appraisal, cold feet, or other delay-inducing outcomes and it could take months to sell a home. Cash definitely impacts the Speed factor.

One of my tenants contracted a house recently. Closing was set and they were really excited. As closing approached they were delayed and asked for an extra month’s rent. The revised closing came and went, then came a request for “one more month rent”. More delays happened, the Seller’s spouse passed, and the deal fell thru. What if you had been the Seller in that situation? Wouldn’t you have preferred the speed Cash for a House would have brought.

Repairs – why is We Buy Ugly Houses one of the most popular searches for business like mattbuyshousestx.com? Because sellers do not want to deal with costly repairs, challenging fixes, or giving “concessions” to retail buyers to make these fixes on a house that is well passed it’s prime. They’re just done with the delays and costs, and sometimes they’re just too embarrassed to give everyone a peak behind the curtain. When We Buy Houses we buy them As Is. A house’s problems become our problems. We deal with them so you don’t have to. This makes it Fast to Sell a House since we don’t waste time haggling over the price of a new water line or roof repair. We even buy hoarder houses and take care of the clean out.

We recently contracted with a Seller who had lived in their house for 40 years. It remains in a prime location, but had certainly seen better days. The Seller knew they could list the property and likely receive much higher than I could offer, but because they knew the property might sit on the market and would likely be scrutinized by potential buyers and nosy neighbors, they chose to sell to me knowing they wouldn’t need to replace even a lightbulb, and that I would close in a few weeks.

Honesty – while sometimes an honest answer isn’t the easiest answer, honesty is a major factor in Selling a House Fast. Why is that? #1 – every Seller, no matter the situations they find themselves in deserves the dignity and respect of being treated with honesty and integrity. #2 – since price and speed are the 2 main factors, an unscrupulous or inexperienced buyer may tie up a house under contract, only to take longer than promised or come back and renegotiate a lower price. Unfortunately I’ve lost opportunities to help Sellers in just this scenario. At Matt Buys Houses TX we choose people over profit, so we will treat you with the dignity and respect you deserve…even when it costs us a deal. Check out other’s testimonials about us here.

I’m always troubled when Sellers tell me they were promised a ridiculously high price, or insanely fast timeframe. Sometimes I am pleasantly suprised, but often the Seller suffers from delays or renegotiations. This year a friend referred their friend to me. They were capital “D” Done dealing with a house in San Antonio so I made them my offer with closing in 10-14 days. A few days later they called and were accepting a different offer for $2,500 more (which I would have overcome) and closing in 2 days. While possible, I explained to them that it was extremely unlikely that a 2 day close could happen. To be sure I checked with my Title Company and 2 lender friends, all of whom said the same thing…about 8-10 days…possibly less if title was extremely simple and clean. The Seller said their buyer must have “called in a favor” and they stuck with the other offer. I told them I’d circle back and if they performed I would love this buyer’s information. When I checked back I found out their buyer used the same Title Company I use, and that they had experienced delays. Imagine that! Undoubtedly I will continue to lose opportunities when competitors overpromise and underdeliver, but imagine the regret, frustration, etc they would have saved by going with a trusted Buyer.

End Buyer vs Wholesaler – who you are actually dealing with is a major factor as well. Are you dealing with an End Buyer person like Matt Buys Houses TX that will actually pay Cash for Houses in San Antonio and throughout Texas, or a middle man with less at stake? An End Buyer is more likely to follow thru because they will typically be spending out of pocket money to contract the house, complete some level of due diligence, and to secure the funds necessary to pay Cash for Houses in Texas. A Wholesaler may spend a little out of pocket money, but they are looking for someone like Matt Buys Houses TX to actually close on the property. If they can’t find someone to close as fast as they promised, or to pay as much as they promised, they will either cancel your contract forcing you to re-start the process, or more likely renegotiate a lower price or later closing date to get the deal done. Typically price & speed will be impacted by the answer to this question. To be sure there is a time and place for wholesaling, and I will even occasionally utilize this strategy in my business after discussion with my customers, and I do business with many great wholesalers, but as a Seller you should know who you’re dealing with and their intentions for your property.

I occasionally purchase from wholesalers so I receive information about properties they have under contract. Over the years I have received information on properties that I offered on and didn’t get under contract. Sometimes I’ll see price drops and dragging timelines indicating that they can’t find a buyer. Something to keep in mind when dealing with The End Buyer and a wholesaler.

A final note…while Speed is a factor when looking to Sell a House Fast, it doesn’t mean close in 2 days…rarely is it necessary to close that fast! What most are looking for is Closure. Sellers don’t want to think about it, work on it, hassle with it anymore…you’re done with it. To do that look for a trusted Home Buyer like Matt Buys Houses TX. We Pay Cash for Houses. We Buy Houses As Is. We are Honest House Buyers. We are the End Buyer for your house, and if we won’t be then you will know that before deciding to Sell Your House to us.

How to Sell Your Inherited House in San Antonio – the reality behind probate

April 6, 2021 • Matthew

Are you in the situation to sell an inherited home in Texas? This is not as easy as people think! Read on to learn how to sell a house you inherited in San Antonio…

First off is all of the emotional challenges that come with preparing a loved one’s house for sale – removing family photos, sorting thru files, and clearing out other belongings including, sometimes overwhelming amounts of outdated items and trash. Once that is completed there are the costs and stresses of marketing a house to potential buyers.
Frequently heirs are left to deal with the high costs of liens, taxes and other issues. Consequently, disagreements may arise.

Here are a few tips from Matt Buys Houses TX on how to sell a house you inherited in San Antonio to help ease the stresses and burdens associated with selling an inherited house.

Probate Process Tips:

Ask for professional advice
Many estates are fairly straight forward, but it is always wise to get professional advice. A professional can help you understand the issues that may effect your loved one’s real and personal property, and make sure that you verify your ownership of the property. Real estate attorneys, a local Title company, and other experts can help answer these questions. You can also use this site as a resource, or learn if you can Sell an inherited house before Probate. We can also give you a fair deal for your inherited local San Antonio house if it qualifies.

Start the process
After seeking professional advice it is time to take action. Depending on the ownership of the property, size of the estate and other factors, the advice may look a bit different. In some cases property can be sold with an Affidavit of Heirship, other may be adequately addressed by a Muniment of Title, and many will require you to Probate the estate in the County Courts. Once the title to the house is cleared thru one of the above processes, you can begin to market the property.

Tax considerations
There are a variety of tax implications to keep in mind. Our loved ones may have tax exemptions. In situations where the house is sold in a short period the impact may be minimal. In others where heirs have lived in the property with exemptions, there may be significant taxes owed. Sadly in one case, the seller of a property lost nearly all of their proceeds to pay back taxes when exemptions were rolled back many years to the day of death of their loved one.

How to sell a house you inherited in San Antonio

Agreeing to sell
If you are ready to sell your inherited house in San Antonio, the executor or administrator (the “decision maker”) can legally sell the property. Once that person has been appointed by the court, any property in the estate can be sold.
Problems often arise when siblings who share the inheritance have different views. For instance, the heirs can’t always agree on selling the house when it comes to the price offered. If and when this happens to be the case, it is important for everyone involved to reach an agreement. Hopefully, there is a probate attorney involved in this process to help move matters along.

Preparing to sell
It’s not unusual to find yourself in this position.  Often the seller of a  house that belonged to an elderly person may require repairs and updating before you can sell the property.  Also, you will need to get rid of everything! You can choose to hire an inspector to note down potential issues and recommend possible repairs. Although you can sell a home in San Antonio “as is” you need to be prepared to accept a lower price, especially if your house requires extensive repairs or updates.

Here at Matt Buys Houses TX however, we will always give you a fair offer that reflects the work that needs to be done. We will help you get as much value from your inherited house as possible.  Our company often buys local houses in San Antonio, repairs them and either rents them out or sells them to someone else looking for a great home.
If your local San Antonio house meets a few simple qualifications, we can buy your house fast.

You can fill out the form or call/text today at (210) 596-9669!

Sell A House Fast in San Antonio: 5 Tips For Success

March 9, 2021 • Matthew

5 tips to sell a house fast

Considering selling your house and want to do it as quickly as possible? Of course! Most people want that. We buy and sell houses all the time and have some proven tips on how to sell a house fast in San Antonio… or any other town or city.

We use these tips every time we sell a house we’ve fixed up. Most were learned when the real estate market tanked back around 2008.

With foreclosures up 81% back then, there were a lot of houses on the market clamoring for the attention of the reduced amount of buyers looking to buy a home.

We were forced to find ways to compete and get houses sold. In this article we are passing those hard-earned lessons on to you so that you can better be able to sell your house fast in San Antonio or anywhere.

sell a house fast

Selling a House Fast Requires the Right Price

We quickly noticed that the single biggest factor in getting a house to sell fast in any market is the price.

Yes, how much you are asking for your home plays a huge role in being able to get offers right out of the gate.

Consider this from the point of view of buyers looking to buy a house in your neighborhood or area. They are likely going through dozens or even hundreds of listings that are most likely sorted by price.

Everybody wants a bargain. They are judging your house and its price against what your neighbors are asking for a similar house.

Pricing a house is not the easiest thing to do in the world so we wanted to provide some quick tips to help you determine a great price:

  • Check comps

    Find out what other similar houses are selling for and how fast they are selling. Take the closest matches that sold quickly and average the selling prices.

  • How does your home compare?

    If you are working with an agent, you can have them show you pictures of the houses that sold. If you aren’t working with an agent, many times you can see pictures of houses that sold on Zillow.com or Realtor.com. Compare the fixtures and finishes to what you have in your house and adjust your price up or down based on what you find. Always be considering this from the buyers’ perspective. What would you think when you saw the houses that sold and then came and saw your house? It’s very important to be objective here.

  • Have friends give their opinions

    Sometimes we as homeowners are seeing things through a different lens. We need to get unbiased opinions from friends or family that are completely objective.

For more great tips on pricing your house for sale, check out this article on Zillow.

cash offer from a house buying company

Get an Offer from a Cash Home Buyer

Not everybody is aware there are people who buy houses cash that will make you an offer to buy your house quickly.

You might wonder,”why do they buy a lot of houses?” They buy for investment purposes and usually have the cash to close faster. This allows you to sell your house without even putting it on the market.

What’s the catch with these house buying companies? They usually don’t pay full market value. That might be an issue if you need to sell for top dollar.

Of course, this option doesn’t make sense for all home sellers. It makes the most sense for people that don’t have the time or energy to deal with getting their house fixed up and put on the market. This is also a good solution for sellers that don’t like the idea of having dozens of complete strangers going through their house, looking at all of their stuff.

We buy homes in San Antonio and would love to talk with you about what we can pay for your house.

market your house for sale everywhere

Market Your House Everywhere

The quickest way to sell a house you put up for sale is to get as many eyes on it as possible. You need to make sure everybody knows the home is for sale.

Get an ad in the local newspaper

If you want to sell a house fast in San Antonio, you might consider putting an ad in the local newspaper or their website.

Use a Listing Agent

Real estate agents can list your house on the MLS (Multiple Listing Service) which will help you get maximum exposure.

If you decide to sell your house without an agent, you can get a ‘For Sale By Owner’ sign from HomeDepot or Lowe’s and stick it in your front yard. I highly recommend you get the directional signs as well. This will allow you to point people driving around your area to your house that is for sale.

Use Social Media

Take lots of pictures and do a video walk through. You can post these on Facebook and Youtube.

One social media platform is perfect for pictures: Instagram. Give it a try.

Tell everybody you know

Tell everybody you know that your house is for sale. Ask everybody you talk to if they know of anyone looking to buy a house in the area. You never know who might be looking for a house just like yours. This will certainly help you sell a house fast.

gives concessions to sell a house fast

Give Concessions to Sell Quickly

There are lots of ways to entice buyers to give your house a little extra attention.

Here are some of our favorite ways to sell a house fast by giving concessions:

Agent bonus

Reward agents for finding you a buyer. We’ve given bonuses of $1,000 or more for buyers’ agents that sold their buyers on our houses. You can do the same.

There are agents that look for listings of houses for sale where these bonuses are available and start showing their clients these houses first. Get yourself on the top of potential buyers’ must-see lists with this tip.

When buyers see your house first, they may just fall in love with it and make you an offer. Offering an agent bonus has allowed us to sell a lot of houses faster over the years.

Try it!

Closing cost assistance

Not all buyers need assistance with their closing costs…but most do!

If you offer to help pay closing costs for your buyers, they will much more likely to buy your house over others on the market.

In order to sell a house fast, you should consider offering this assistance. Be sure to write into the description of your listing your willingness to pay some closing cost assistance. It really goes a long way in persuading buyers to give your house more consideration.

Home warranty

This tip for selling a house fast is not mentioned often. Providing a home warranty gives buyers a peace of mind.

They might be nervous that they are overextending themselves when buying your house. They will likely feel better knowing that if something goes wrong, they have a warranty that will cover it.

American Home Shield offers a great home warranty that is pretty comprehensive. It’s great because it doesn’t cost an arm and a leg either. We’ve offered their warranty dozens, if not hundreds of times.

Offering a home warranty gives your home a competitive advantage that will allow you to sell your house quicker.

If you want to shop around and find the perfect home warranty, check out these reviews.

stand out when selling your house

Be Different

This piece of advice is one that I hope my competitors that sell houses don’t catch wind of. We make it a point to find economical ways of setting our houses apart so that they sell much faster.

The secret is spending some time to see what houses are for sale that your home will be competing with. Then, make note of the similarities between the houses.

  • Do they all have beige walls with white trim?
  • Do they all have formica counters?
  • Do they all have oak cabinets?
  • Do they all have brown exterior paint?

What you want to do now is find some things to do that will make your house stand out because it doesn’t just match all the others that are for sale.

You sell a house fast by making it unforgettable.

Great websites to get cheap design tips are Houzz.com and Pinterest.

Final Thoughts About How to Sell A House Fast in San Antonio

Whether you situation dictates you sell a house fast in San Antonio or somewhere else, you can follow these 5 tips we’ve outlined to pretty much guarantee a quick sale.

If you feel you’ve benefited from this article, please share it!

We’d love to hear any tips you might have for selling a house fast. If you have some tips, please don’t hesitate to leave them in the comments below.

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.

We Buy Houses Scams In San Antonio and How To Avoid Them

March 2, 2021 • Matthew

Have those advertisements for people saying, ‘we buy houses’ caught your eye and made you question whether they are we buy houses scams? This is a very real concern for people considering this kind of service.

we buy houses scams signs

Trying to sell your house fast in San Antonio? Are you concerned that you might get taken advantage of or have the wool pulled over your eyes?

Join the club.

The traditional way to sell a house is using a real estate agent and having them list your house.

Maybe you would rather skip the hassles and sell to a San Antonio cash home buyer instead. Every year, thousands of people sell their homes directly to investors rather than listing with an agent. In fact, nationwide, pending home sales jumped to 5.5% in February of 2017, according to Investor’s Business Daily.

If you’ve never sold a home before or never sold one without the services of agent, it can be quite scary. It can seem downright overwhelming.

I’m going to share some tips for you to make sure that who you are working with is a legitimate house buyer and not someone looking to scam you. By the end of this article, you’ll be armed with what you need to know to choose the right company to buy your house.

The Sniff Test For We Buy Houses Scams

There are a lot of legitimate house buyers in San Antonio, but there are also some people that are running we buy houses scams. It can be difficult to know which one you might be dealing with.

The stakes are high. People have lost lots of time, money and even their houses to scams run by investors that don’t have any sort of moral compass.

It can be difficult to determine if who you are dealing with has your best interests at heart. Most of the time there are “tells” that will clue you in to their true intentions. These signs can mean you are caught in some of the we buy houses scams being used today.

 

  1. Application Fees – If a house buyer wants you to pay them any kind of fees to evaluate your house, run away as fast you can. This person is likely a scammer. Honest home buying companies don’t make money charging application fees. They make their money from buying houses, fixing them up and either renting or selling the house.
  2. Kitchen Table Closings – If a buyer wants you to sign over the deed to your house anywhere other than a title company or attorney’s office, you’re likely going to be making a costly mistake. Any sale you have should happen at a title company so that you can make sure the paperwork is handled properly and all liens are taken care of.Please do not mistake this for signing a contract to sell your house. That can and probably will happen at your house. Just don’t sign any Warranty Deeds, Quitclaim Deeds without the services of a real estate attorney or title company.
  3. Too Much Information is Given – Phony bank statements and pre-approval letters for loans are given without being requested from untrustworthy real estate investors. These investors present these documents to make them appear legit but these documents can easily be faked.This occurs a lot when the supposed “investor” lives in a different city than San Antonio and communicates almost entirely by email. I don’t know about you, but I’d rather work with somebody local that I can meet face to face. Just because they are not local doesn’t immediately make them a scammer, but I sure would rather know who I’m dealing with.

Scammers Don’t Always Look and Act Like Used Car-Salesmen

used car-salesman

It’s not always easy to pick out who the scammer is in a crowd.

Sometimes it’s the overly nice gentleman.

Sometimes it’s the straight and to-the-point woman.

Don’t let your guard down just because someone smooth talks you. You need to get the facts about who they are and what they can do for you.

We will discuss exactly what to ask for to determine whether you are dealing with the right kind of house buyer or not later in this article.

It may seem impossible to determine whether someone is genuine or running we buy houses scams…but it’s not.

One way is to trust your gut. If something doesn’t seem right…it probably isn’t.

Another way is to determine whether their actions match their words. Actions always speak louder than words and I’ve found them to be very telling about people.

If a San Antonio home buyer says he or she is going to meet you at your house at 2:00 on Wednesday and they show up at 2:20…they might not be trust worthy. They certainly don’t value your time or respect it.

If they walk through your house and tear it apart with harsh words about the house or your situation, you are probably dealing with someone that could care less about your feelings or what you get out of the deal.

Harsh words about your house are solely intended to force you to lower your opinion of the value of the house. This type of investor may as well be wearing a plaid suit and lots of gold chains. They are worse than a used car salesman…

A respectable and reputable real estate investor will always treat you with respect. They will show up on time and show empathy. When viewing houses, trustworthy house buyers will look for the positive aspects of the house as they know full well they will be making repairs and breathing new life into the home.

Other Not-so-obvious Semi-Scams to Watch Out For

There are many other situations that I call ‘semi-scams’ to watch out for. These may not be illegal or full-blown we buy houses scams but are intended to take advantage of you and your situation.

It’s best to avoid these at all costs.

  • Short Sales Scams – Short sales are where a bank or mortgage company agrees to release their lien on your house in exchange for less than the principle balance of your loan. Typically, you have to pay off any principle balance and interest due for them to release the lien. When they agree to accept less, you are performing what is called a short sale.A short sale in and of itself is not a problem, it’s when this is attempted when it doesn’t make sense that causes a lot of problems for San Antonio homeowners.If you are behind on payments but have a lot of equity and a home that doesn’t need any major repairs, you might have an investor convince you to attempt a short sale.Short sales can drag on for months and the bank may wait until just before a foreclosure auction to deny it. Then what are you going to do? You won’t have time to sell it. It’s almost certain to be lost to foreclosure.Some careless investors don’t give you all the facts when they attempt a short sale on your house. You also need to be aware that even if the bank agrees to take less for the lien to be released, they could put a deficiency judgement on you for the amount the loan was shorted. You will probably also have to report the amount shorted as income which could cause your income tax owed to be a real problem for you.

How to Avoid These Potential Scams

Do your homework to avoid we buy houses scams.

With some quick research you can easily determine whether somebody has a history of doing what they say. You can also find out if they’ve been in business for a while which shows they are stable and worthy of your business.

Crooks rarely stay in business long and almost always have negative reviews.

reputations are everything

  • Check testimonials – Be sure to look for online reviews and testimonials for the house buying company you are considering. Any reputable business will have statements from previous customers that can attest to how they do business. You can read dozens of reviews from customers of Matt Buys Houses TX here on our website. Take a look at them for an example of the types of things you will find for any honest business owner.
  • Check how long the company has been in business – Great businesses have been around for a while. According to the Small Business Administration, nearly one third of all businesses fail within the first 2 years. If you find a business that’s been around for longer than 5 years, you can probably bet they are still around for a reason. They probably are doing something right.
  • Make sure to close at a title company – There is so much legal talk in contracts and deed documents that you simply must have a title company or real estate attorney handle the closing.This is to ensure that everything is done properly.The last thing you want is for something to be done incorrectly that you have to deal with years down the road.You could even run into a situation where you are sued because something wasn’t handled properly.Title companies provide title insurance that will protect you from most of these problems. It’s definitely worth it.
  • Don’t sign documents you don’t understand – This one seems to be common sense but is definitely not common practice. If you don’t understand something, don’t sign it.This is also where a good real estate attorney or title company can be worth their weight in gold. They should be able to break it down for you in layman’s terms so that you know what you are getting into.Great house buying companies will also take the time to clearly explain everything you are agreeing to in a way that makes sense to you. If you find you are working with someone not willing to do that, don’t work with them. Find someone else that buys houses.

Conclusion

When selling a house fast to a local house buying company, you should be aware of the signs of a potential we buy houses scam.

Armed with the knowledge from this article you are much better prepared to find a great house buyer for your house that will treat you with respect and do what they say they are going to do.

If you would like to get a fair cash offer for your San Antonio house, do not hesitate to give us a call at 210-596-9669. We would be glad to answer any questions you have and help you in any way we can.

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.