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Matt Buys Houses TX Posts

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.

How Can I Save My House from Foreclosure in San Antonio

January 22, 2025 • Matthew

Foreclosure is a legal process that a lending institution or mortgage company obtains ownership of your home, in other words, a repossession of the property. There can be any number of reasons that cause the foreclosure process, as well as a few ways to avoid it. Your next question is likely How can I save my house from foreclosure? First, let’s look at why you may be facing it, and then, how to avoid foreclosure.

What to do if You are Facing Foreclosure

what do i do to save my house from foreclosre

The most common reason people end up facing repossession is failing to make their mortgage payments on time. Foreclosure is the legal way the lender can get their money back. The problem is the result of the process is you will have to move out of your house. What’s worse, is you could end up still owing the mortgage company if the deficiency can’t be made up by the sale of the property.

Is there any Way I can Save my House from Foreclosure?

Your most obvious question is Can I save my house from foreclosure? And the answer is that there may be some ways of avoiding foreclosure. It will depend on if it is a non-judicial or a judicial foreclosure. These are the two ways lenders can use to take back possession of the house.

  • Judicial Foreclosure: This involves the lender taking you to court before a judge. This process can take months, even years and can be costly.
  • Non-judicial Foreclosure: This process doesn’t involve the court at all, but it can be more troublesome and more expensive than the other. You’ll still be out the expense of legal help, you’ll have to gather evidence and make a strong case for yourself.

There are some options you have before the process gets started. To answer your question, how can I save my house from foreclosure, let’s look at some of the steps to avoid the process entirely.

What Options do I have to save my house from foreclosure?

save my house from foreclosure options

If you want to know how to stop foreclosure, there are several options available. Some are faster and easier than others, and some are difficult. Look through these choices, and decide which one is the best for your specific situation.

Talk to Your Lender

Depending on how far behind you actually are on your house, your lender may be able to help you. In some instances, they may be able to adjust the loan. They may be able to help in a number of ways, such as:

  • Offer a repayment plan. You keep your house and loan, but make additional payments to pay off the past due amounts.
  • Provide a forbearance. Sometimes, lenders offer a short forbearance where they allow you to get your account current.
  • Offer a loan modification. Occasionally, lenders alter a mortgage so it runs for a longer period of time. You will ultimately pay the same amount or more in interest, but it can reduce your monthly payment.

File for bankruptcy

can i file for bankruptcy to save my house from foreclosure

If your house is due to be sold in a short time, filing for bankruptcy might stop the sale.  An automatic stay goes into effect when you file. However, if you are already in the process, a chapter 7 bankruptcy may not be enough to save your home. It will, however, give you some time to talk with your lender about possible options.

Sell to a Cash Buyer

An investor will offer you a cash price for your house. If you accept it, they will buy your house as-is for cash.

Can Selling to a Cash Buyer Help Save my House from Foreclosure?

help me save my house from foreclosure

The foreclosure process can be long and difficult. It can be hectic and discouraging. There can be some distinct advantages to selling your house for cash, especially those who are asking, Can I save my house from foreclosure? Here are the specific benefits you will enjoy.

  • Quick – You don’t have to spend weeks wasting time, money and energy, worrying about the process. You’ll have your money in hand and the paperwork done quickly as well.
  • No Need for a Real Estate Professional – A cash sell cuts out the middleman. You don’t have to worry about listing your house, or finding a real estate broker to help. You also do not have to use your money to pay off a real estate professional.
  • No Hassles – you do not have to worry about the hassle of selling your house. Cash sales are immediate. You don’t have to list your property or wait for interested buyers to come look at it and then decide whether or not they want to purchase it.
  • Fair Price – Cash home buyers will offer you a fair price for your property, even though you can still negotiate.

Which is the best option for you?

cash buyers can help save my house from foreclosure

Each situation is different and has various elements. In very few instances, a lender may re-negotiate the terms of a loan. It’s always worth the try, but if you are already behind on your mortgage payments, it’s not likely. Bankruptcy might help a few people, but it will mar your credit for at least 7 years. For most people, selling to a cash buyer is the best option. It’s simple. It’s easy. It’s fast. And it’s done. They will offer you a fair price, you accept the offer and then they will take care of all the paperwork. There is far less worry involved, you have no expense and it’s done in a very short amount of time saving you the headache of suffering through the foreclosure process.

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.

Will I Get a Fair Price from Cash Buyers in San Antonio?

January 15, 2025 • Matthew

You’ve likely heard about investors who pay cash for houses and wondered how the process works. Another question you may have had was if you could get a fair price from cash buyers. Wondering what your house is worth and if you’ll get a fair price is normal for house sellers. Let’s see how credible cash house buying companies are, and if they’re the right fit for your house selling needs.

Are We Buy Houses Companies Credible?

you'll get a fair price from cash buyers that you know

How do you know you can get a fair price from cash house buyers? And how do you know we buy houses companies are credible. Just like any industry, there are honest people and dishonest people. However, paying cash to house sellers is a legitimate business and buying and selling houses is a respectable profession. Every person selling a house won’t benefit from a traditional sale, that’s where a cash buyer can be beneficial. A cash buyer offers another way to sell your house. It’s just as legit as working through a financial institution, however, the process is shorter and paperwork easier. You can also check out several we buy houses for cash reviews to learn more about the legitimacy of companies that buy houses for cash.

Most cash buying companies are here to help you. If you’re facing foreclosure and need help paying off your city liens, cash buyers are here for you. They focus on buying your property as-is, which means you don’t have to put in the money for any repairs that your house might need. If you have a house that you can’t afford to repair, cash buyers will still buy your property. Other options to sell your house can include auctioning, waiting for it to be sold on the market, or selling it yourself. If you sell to a cash buying company, you skip all of that stress.

How Does We Buy Houses for Cash Work?

When you make the call to one of the companies that buy houses for cash, they will meet with you to gain a good understanding of your situation. They will do an informal inspection of your property and make a cash offer. You do not have to make any repairs, or clean up the property, it’s a cash, as-is offer. There’s no waiting for paperwork or for an application to be approved. Once you accept the offer, the cash buyer pays you in cash and takes care of the closing costs and paperwork. The process is much faster than traditional ways of selling a house or putting it on the market.

Will the offer be a fair price from cash house buyers?

you'll get a fair price from cash buyers if you set the price

If you are wondering if you’ll get a fair price from cash house buyers or not, the answer is yes. Cash home buyers are real estate investors. Their business goal is to invest the time and money necessary into renovating houses and then put them back on the market for a profit. They will take the time to answer all your questions, evaluate your house and assess what they feel need to be repaired or renovated, then offer you a fair, no-obligation cash offer. This will be a fair price based on what they feel the market value of your home will be once it is renovated and back on the market. Some of the primary benefits from this transaction include:

  • Not having to deal with realtor so handle their commission
  • Cash buyers cover closing costs for you
  • You get cash. No delays from banks and no deals that end up falling through because of failed financing
  • Cash buyers purchase “as is” so you don’t have to worry about making any repairs or even cleaning up
  • Closing happens on your schedule
  • For homeowners in a rush, it’s a smooth and easy process so you get your cash, close on the house and move on with your life

How is the fair price from cash buyers figured?

There are several factors that go into the fair price you will get from a cash buyer. Part of learning about getting a fair price from cash house buyers is learning how we buy houses for cash works. Reputable companies have been in business for quite some time and have it down to a pretty exact science. Before they will make you a cash offer, they will evaluate several factors when creating a fair offer including:

  • The house’s present condition
  • An approximation of how much it will cost to make the needed renovations and/or repairs
  • How long it’s going to take the renovate or repair the house
  • The going value of homes in the area
  • The value of the house after the renovation
  • The cost of putting the house back on the market (real estate commission)
  • How much it’s going to cost to maintain the house until it is ready to sell again (insurance, taxes, loan payments, utilities, etc.)

The cash offer will be calculated by estimating the future value of the house minus these types of costs.

How do I know I’m getting a fair price from cash house buyers?

you'll get a fair price from cash buyers if you ask

Now that you understand that cash house buyers are legit, and have an idea of how they calculate their cash offers the next question may be if you can know you are getting a fair price from cash house buyers.  There are a few ways to know for sure if the offer is a good one or not.

  • Check out prices for comparable property that sold nearby recently. Make sure to consider factors like the properties condition, location, traffic and the size of the house.
  • Think about the “as-is” condition of the house. If you estimate the cost of repairs to be $45,000 then this is going to impact the cash offer you receive.
  • Learn more about your cash buyer by asking how long they have been in business and about their experiences. You can also look at the investor’s website, their blog and any reviews consumers have left. If they have a lot of information available, they most likely have a good track record.
  • Get multiple offers. Getting more than one offer may let you know if you are getting a good deal or not. You can eliminate a lot of doubt by getting two or three offers. And afterwards, you won’t have to wonder if you would have been able to get more cash if you had held out for another deal.

Sell Your House Without the Hassle

you'll get a fair price from cash buyers when you sell with us

If you want to sell your house but can’t wait for it to be on the market, then a cash buyer is for you. You will get a fair price from cash buyers for your house, no problem. Can’t afford the repair costs? Thinking about auctioning your house? Foreclosure pending? The best and most fair offer you’ll get will come from a cash buying company.

At Matt Buys Houses TX, we’ll make you a no obligations cash offer for your house in order to help you avoid feeling like you have to auction your house.

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.

Do Senior Citizens pay Capital Gains Tax When Selling Their Homes in Texas?

January 8, 2025 • Matthew

As senior citizens get older and find themselves in situations where they have to sell their house, there can be many details involved. First of all, how do you know the right time? When should seniors sell their homes? It is just when they need to pay for medical expenses or to cover the costs of senior living facilities? Do you need to sell parents house to help them out? What about some of the costs, like the capital gains tax when selling homes? Will they still be required to pay that? The good thing is that there is not always a large capital gains tax when selling homes whether it is put up for sale by owner or if you choose to sell parents house for them. The capital gains tax when selling homes is contingent on certain factors.

What is the capital gains tax when selling homes?

power of attorney and capital gains tax when selling homes

Anyone who sells any capital asset needs to understand the taxes involved. It’s not just about houses though. According to the IRS, nearly anything you own is a capital asset, even if you didn’t purchase it as an investment technically. Basically, if you sell something for more than you paid for it, you made a gain and you should report that profit on your taxes. The good thing is, as far as capital gains tax when selling homes is concerned, most of the time they are exempt. Your home is likely your single biggest asset. Certain factors exempt your home from paying capital gains tax when selling homes including:

  • If you owned the home for at least 2 years out of the 5 years before the sale was made
  • If the home was your primary residence for at least 2 years in the same 5-year period
  • If you haven’t excluded the gains from another home you sold in the two years before you sold this home

In most cases, you can exclude $250,000 of any gain if you are single or $500,000 if you are married.

When should seniors sell their homes?

Since residency can affect the capital gains tax when selling homes, when should seniors sell their homes? Remember you have to live in the home 2 years before you sell it to avoid the tax. However, for those seniors who have moved from their house to a nursing home, the ownership and residency is lowered to one out of five years. And if they still own the home, but are in a nursing facility, it still counts as ownership.

Do I need a Power of Attorney to sell property belonging to my parents?

what are capital gains tax when selling homes

When addressing exactly when should seniors sell their homes, you will likely discuss the possibility of you needing to sell parents house. The next question would be what legal right do you have to sell someone else’s property and do you need a power of attorney to sell property that is not technically yours? The easy answer is yes. In most cases, you will need to have power of attorney to sell property belonging to your parents. Be sure you are granted the right POA to handle this type of transaction on their behalf. There are several different types and only certain one permit you to handle financial matters for others. You will need a durable power of attorney to sell property on their behalf if they can no longer handle their own finances.

How do I get started to sell parent’s house?

Once you have become aware that it is time to sell parents house, you may have a lot of questions about how to get started. You may consider talking to a real estate agent or putting it on the market yourself. The decision to sell is the first step, then it’s all about the how. You have options other than going through a real estate broker. You can put it up for sale by owner if you want to handle the transaction. Or you can consider selling your parents house for cash.

Can I advertise my parent’s house as for sale by owner?

One of the options you have available if you don’t want to sell the house fast is to advertise it for sale by owner. First, make sure you have all the paperwork in place and that you can legally handle the transaction. However, it can be a difficult endeavor to try to sell a house yourself. You will be responsible for everything from advertising, to scanning potential buyers, to completing all the paperwork. Selling your parents house for cash is hard any way you choose but having to do it all yourself can be a burden and can be time-consuming and expensive in the long run.

Is there a way I can sell a house fast?

sell capital gains tax when selling homes

If you need to sell house fast, there is a way to do that. A real estate investor buys property that can be resold for a profit. They will look at your parent’s house and make an offer. They will pay you cash for it and then complete all the paperwork. It is the best way to sell a house fast and without any hassles. There is also no waiting for closing or for a potential buyer to qualify for a loan. They make you an offer and if you accept it, they pay you in cash and it’s over.

Getting the House Ready if you are Selling Your Parents House for Cash

Perhaps one of the best things when selling your parents house for cash is that you do not have to do a single thing to make it ready for the sale. Any other type of home sale and you will have to make repairs and do all kinds of work to get it ready to show, and then to sell. But when you are selling your parents house for cash, you literally do not need to do a thing. It is an as-is purchase. This means the investor will take it as it is. It’s the fastest way to sell a house and the least amount of hassle.

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.

My House is Being Foreclosed, What Can I Do?

January 1, 2025 • Matthew

Having to say my house is being foreclosed is something that homeowners never want to have to admit. Unfortunately home ownership comes with a lot of financial responsibilities. Not meeting these responsibilities can lead to serious problems. It can put you in a position of having to say my house is being foreclosed.

Why My House is Being Foreclosed

my house is being foreclosed because of these reasons

Everyone has their own unique personal situations. These are comprised of circumstances that can change. There are some common factors that can lead a person into a situation where they have to say my house is being foreclosed.

Change in Health

In order to be able to earn a decent income it means being in good health so you can perform your work duties. This applies to those who work as employees as well as those who own their own business. If poor health interferes with the ability to make money then it has an adverse effect on the finances. This in turn can put a person in a position where they cannot afford to pay their mortgage.

Change in Relationship

It is not uncommon for a couple that is going through divorce to experience a big change in their finances. It may also be difficult to agree on who will be responsible for the house. This  includes its mortgage payments. As a result the mortgage can soon end up in default.

Over Extending Finances

Owning your dream home is one thing but being able to afford it is another. Many people over extend themselves financially. This includes the ownership of their home. They soon find out that there is not enough money being generated to cover the monthly expenses. They cannot keep up with the repairs and maintenance.

Any of these circumstances can put you in a position where you are now saying my house is being foreclosed.

Stop Foreclosure Options

my house is being foreclosed but that's not the end

When you are dealing with my house is being foreclosed the lender is also not happy about this. Foreclosure procedures are a hassle for them. They would rather find a solution. They may offer some help with foreclosure options.

The lender may offer a compromise. The lender may offer you a grace period as help with foreclosure issues. This may work if your financial situation is temporary.  You have to be realistic as to whether this type of help is really all you need. Or, is it just prolonging the inevitable? Will it mean that you eventually will still be dealing with the my house is being foreclosed issue.

A short sale option is something else that may be viable. From a financial aspect it may be better for you to sell your home yourself. The price you get for it may be better than what you would get at auction. Many times the lender will accept this option. This is because it saves them the time and relieves the hassle of the foreclosure procedure.

Filing for bankruptcy is yet again another potential form of help with foreclosure. Many that are faced with the my house is being foreclosed dilemma believe they won’t lose their house if they go bankrupt. In reality all bankruptcy will do for you is to stall the foreclosure process. This is in hopes that you will be given enough time to rectify your financial situation. If this is possible then the bankruptcy trustee will work out a payment schedule. This is to allow you to get back on par with your mortgage obligations.

The Repercussions of Disclosure

Of course there is the embarrassment and sense of failure that may come with my house is being foreclosed situation. This is difficult to deal with when you are already under the financial stress that has led you here. Then there is the worry about how quickly you will have to vacate your home. The next problem is trying to find another place to live. Stop foreclosure options seem to be only viable if your financial situation is temporary. If this is not the case then the negative effects of foreclosure will carry forward . This is because foreclosure also impacts your credit rating.

How To Avoid Foreclosure

my house is being foreclosed what do I do

If foreclosure can be avoided then those in this situation are going to want to know how this can be done. There are the help with foreclosure options. There is also another how to avoid foreclosure option that has a lot of great benefits to it.

Selling Your Property to a Cash Buyer

There is the option of a quick sale. This is often in reference to hoping a traditional buyer comes along when your house is on the market. This is not always easy and especially depending on the real estate market at the time. Also, if the buyer knows the house is pending foreclosure they are not likely to make a reasonable offer.

The other and perhaps best option is to look for investors who buy houses for cash. There are many reputable investors that buy property in this way. They will not make the purchase based on your dire circumstances. They will pay the price based on the value of the home as the market dictates. It may be lower than what you are expecting but there are several things to keep in mind.

  • You will not be paying the real estate fees that you normally would. If you are trying for a quick sale then you would have to rely on a realtor to help you with this. Their fees would be taken out of the sale.
  • You do not have the stress and fear of trying to strike a deal with the lender of your mortgage.
  • You don’t have to go through the bankruptcy process.
  • You don’t have to deal with the embarrassment of everyone knowing that your home is in the foreclosure state.

If you have no options for turning your finances around then seeking out a cash buyer is your best option. This is something that you can do quickly. It is a way to avoid having to say my house is being foreclosed. It removes the stress of not knowing what is going to happen and when regarding your home. Dealing with a reliable cash buyer is really the best answer to how to avoid foreclosure.

Need to Stop Your Foreclosure?

help me stop my foreclosure by selling

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.

Questions to Ask when Selling a House for Cash in San Antonio

December 25, 2024 • Matthew

Questions to Ask When Selling a House

questions to ask when selling a house for cash

Once you have decided that it is time to sell your house then you have some tasks ahead of you. You need to compile a list of questions to ask when selling a house. This will act as a blueprint for taking you through the successful sale of your property.

The types of questions to ask when buying a house will all depend on which method you are going to be using for this sale. You may have decided to sell your house through a real estate agent. Then you may be thinking of trying to sell it yourself. You may also want to check out we buy houses for cash reviews to see if this is an option for you. Each of these home selling methods will raise different questions to ask when selling a house. You may also have some questions you should ask buyers.

Using the Cash Buyers Option

You may decide that selling your house to cash buyers is your best option. If so, then you can narrow down your queries to what to ask a cash buyer.

The questions to ask when selling a house are important. The answers will help you determine if this is the best deal that you can get.

To get you started with this option you need to build your confidence in that this is the right choice. This can be done by checking out the we buy houses for cash reviews. This will give you some insight as to how satisfied other sellers were when using this method.

What Questions to Ask a Cash Buyer

questions to ask when selling a house to cash buyers

Knowing what to ask a cash buyer will make sure that you will be making an informed decision.

Can the Cash Buyer Provide You With Proof That They Have the Cash To Buy?

If you are using a cash buyer then this means you are going to get all cash for the sale of your home. This is great as your home sale will be completed quickly and easily.  You need to know that the cash buyer truly does have all the funds up front for this transaction. This is one of the most important questions you should ask buyers who are willing to purchase with all cash. There should be no difficulties for the buyer being able to provide this information. They can do it through a bank letter or a bank statement for example.

What Made the Cash Buyer Offer the Price They are Proposing?

One of the general questions to ask when selling a house is how much is the fair market value of the property? This is so you can set a sale price that is compliant with the current market. A cash buyer will normally tell you the amount they are willing to pay. Don’t be afraid to ask what metrics they used to arrive at this amount. This will give you a better understanding as to what they have based the offer on.

Is This a Genuine Offer?

You need to know that the offer being made is one that is genuine. Is the buyer going to follow through with this cash offer? You do not want to be dealing with a cash buyer that is just looking to lock up your property. Some may do this so you can’t sell it to someone else. During this time they will try and negotiate a lower price that ends up being much lower than you expected.

Why Is the Cash Buyer Purchasing Your House?

important questions to ask when selling a house to cash buyers

It may seem that you shouldn’t care as to why the cash buyer wants your property. However, the reasons are the driving factor for the cash buyer to make the offer. Some cash buyers are purchasing so they can fix up the home and sell it at a better price later on. Others are buying it so they can hold onto it for a long term investment. Either of these reasons are valid reasons as to why a cash buyer may want your home. Trusted cash buyers will not have any difficulty  being transparent. They will gladly give the reasons for purchase. If you get a straight answer, this will build your level of trust with this type of buyer.

Some may give you some bogus story. Stating how they just love your home and have to have it. You may want to be a little wary about doing a transaction with this individual.

The Other Options

The other two options for home selling are through a realtor, or selling yourself. If you have done this before you know how complex it can be. Using a real estate agent means you need to comprise several questions for selling a house. Then you have the hassles of accommodating home showings. You may have to wait until the right offer comes along. If you decide to sell yourself there are additional problems that can come with this. You need to do a lot of research and learning of the basics of selling a home. Then you have to know where to market it. Plus, make time for all the showings. Not to mention all of the legalities that will come with it.

The Best Option

are you using questions to ask when selling a house the right way

When you look at all of the options for selling a home, the cash buyer option really is the best and the most effective. You need to feel confident with the answers you received based on the questions you should ask buyers. You will find that with this type of sale you have saved time and money. You don’t have to wait for the right buyer to come along. You don’t have to pay the real estate fees. Plus, you don’t have the hassles of home viewings. These are all big bonuses when you want to sell your home quickly and easily.

There are some horror stories floating around about those who sold a home to a cash buyer. However, there is good and bad in every industry. There are many reputable cash home buyers that are honest and trustworthy. The owners is upon you to ask the right questions to ensure you have chosen the right buyer.

Sell Your House Without the Hassle

we're here to help sell my house by auction

Don’t be caught up in the stress of selling a house. We’re here to help! We understand how stressful selling a house is. At Matt Buys Houses TX, we’ll make you a no obligations cash offer for your house in order to help you avoid feeling like you have to auction your house.

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.

Need to Sell Your Elderly Parents Home in San Antonio, Texas?

December 18, 2024 • Matthew

It’s come time to prepare to sell your elderly parents home. Everyone typically puts it off as long as possible, but as parents age, the cost of caring for them rises and in most cases, it’s inevitable that you’ll have to face selling your parents house. Caregiving takes its toll financially as well as physically and emotionally. Some medical expenses are covered by Medicare, Medicaid or insurance, but there is always something popping up unexpectedly. Sometimes it’s those midnight runs to the ER or urgent care than take a toll physically and prohibit you from working the hours you need to just to make ends meet.

For many, the toll of caregiving only leaves them the option of selling. As much as you probably hate to face it, you’ll likely need to sell your elderly parents home. It’s important to know how to get a house ready to sell, and how to handle the sell. You may have several questions like Do I know how to sell my parents house?  Can I put it up for sale by owner?  Or How do I sell my parents house before death?  There are plenty of questions and plenty of answers when you are in the position to sell your elderly parents home.

Can I sell my parents house before death?

need to sell your elderly parents home fast

One question that comes up a lot is, “Can I sell my parents house before death?” And the answer is yes. You can, and may need to, look at selling your parents house before they are deceased. You may need that money to help pay for their care in one way or another. You will need their consent or be named their power of attorney with specific stipulations for handling decisions pertaining to property and finances. Read this paperwork carefully and discuss it with a legal professional as there are different types of PAOs that allow for a third party to handle different types of decisions.

How can I put up the house for sale by owner?

If you want to look into the option of advertising the property for sale by owner, you will need to be the “owner.” This method may get the house sold, but it can be a long, drawn-out process for you as well as for your parents. Selling the house yourself rather than going through a real estate agency can save you some money, but then you’ve got to deal with the responsibility of handling all the marketing, finding a buyer and making sure they can handle it financially. You’ll also need to handle all the paperwork and closing costs in order make the sale.

Tips for Selling Your Parents House

tips for when you need to sell your elderly parents home

Selling your parents house can be a huge undertaking. Selling any house can be difficult, but it can be emotional and challenging when you are trying to sell your elderly parents home. Here are a few tips for those asking about how to sell my parents house.

  • What financial obligations are still outstanding?
  • Are the utilities on and are they in your parent’s name?
  • Do your parents have a will? Have they spoken with an estate planning attorney?
  • Who has power of attorney and authority for selling your parents house?

How to Sell Your Elderly Parents Home

You may still be asking Am I sure I know how to sell my parents house?  Having to sell your elderly parents home is not an easy decision and it’s not easy to prepare it to put on the market either.  When they go into assisted living or a nursing care environment, you may have to deal with a lot of stuff they cannot take with them.

How to get a House Ready to Sell

repairs for the house when you need to sell your elderly parents home

If you need to sell your elderly parents home, you may wonder how to get a house ready to sell. Typically, you’ll need to make repairs, make sure everything is working correctly, hire a landscaper for outdoor areas and just get everything in shape in general. This can be a costly endeavor as well as time-consuming. You may need to paint the house inside and out and do all sorts of things to make it marketable. Most of the time if you go through a real estate agent, they will give you a long list of the things that need to be addressed before even putting it on the market. However, before you ask how to get a house ready to sell, look at one more option. You may consider the option to sell your elderly parents home to a cash buyer.

How to get a House Ready to Sell to a Cash Buyer

Are you still asking, how can I sell my parents house before death? And how can you get it ready for a cash buyer without upsetting your parents? It’s actually simpler to get your parents house ready to sell to a cash buyer. You literally don’t need to do a thing except make a phone call. Just call the investor, or contact them online and ask them to come look at the property. They will come out and take a look at the house and make you a cash offer. When an investor buys a house, they make the purchase as-is. That means they take it just like they see it. You don’t have to make any costly repairs or make any renovations. It’s much easier than other options like going through a marketing agency or putting it up for sale by owner.

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.

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.
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