How To Sell Your House
There are 2 main ways people are selling their homes in Texas, and it all comes down to these factors.
How does it work? What’s the difference between selling conventionally vs. selling for cash? It’s our pleasure to bring you all the options and information you need to sell your home successfully.
How The Process Works
Tell us about your property – Quick, Easy & Free!
Let us gather some info; we’ll contact you to set up a time to see it.
We’ll present you w/ a fair written, no-obligation offer
We close at a local reputable title company, cash in your hands in as little as seven days
Timeframe: Once we get your info, we’re usually able to make you a fair all-cash offer within 24 hours. From there, we can close as quickly as seven days or on your schedule.
Cash VS. Traditional Home Sale – Contractual Terms Comparison
|Savvi Buys Houses™|
|TIME TO CLOSE||7 – 21 Days||60-90 Days +|
|REALTOR FEES||N/A||6% of the Sale Price|
|CLOSING COSTS (Title, escrow, doc prep, etc.)||$0||1% – 2 % of Sale Price|
|CONCESSIONS||NONE||Typically, 1% – 2 % of Sale Price|
|FLEXIBILITY & A+ Rated Service||YES||YOU NEVER KNOW|
Selling Your House Can Be A Quick And Simple Process
It takes time to list your property and wait for it to sell, then wait for the lenders and banks to underwrite the loan for the new buyer involving inspections, appraisals, and surveys. With all these factors at play, it can slow down the process of selling your home for cash. With so many parties involved, you never really know who you’ll be working with on selling your home. We’d love the opportunity to talk to you about your home.
CASH FOR YOUR HOME
A buyer who is using all cash to purchase a piece of real estate has much more flexibility with their spending compared to a buyer who is using any other form of financing to buy the property, such as the Traditional buyer who will most likely use a conventional type of financing.
Cash buyers DO NOT live in the property. The sole purpose of buying the property for cash buyers is to repair the property and either resale it on the market or to rent it out. The cash buyer is typically an expert in their field, so they do not need to pay a realtor to represent them. Since a realtor does not represent the homeowner, that is why there are no realtor fees or junk commissions deducted from the sales price at closing. An offer from a cash buyer is what you net, before paying off the mortgage, considering the cash buyer offers to pay all closing costs associated with the sale. Time is of the essence for these buyers, and they can typically close within 7 – 21 days, creating flexibility for the homeowner. IT COULD SAVE YOU THOUSANDS OF DOLLARS AND A LOT OF TIME.
LISTING YOUR HOME
The traditional method of purchasing real estate typically requires a conventional form of financing, usually from a local bank, to provide a loan to the home buyer so they can afford to purchase the property. Since the bank, in this case, is taking a risk by lending the money to the homeowners, they require strict inspections, appraisals, and a survey before they will approve the loan. It can take a long time. That is why it usually takes longer than 5 or 6 weeks for the bank to do their due diligence and approve the loan to the home buyer. The primary purpose of purchasing the property for a traditional buyer is to live in it. Conventional home buyers typically aren’t experts in the field of real estate and hire a realtor to represent their best interest in finding a property to live in and to negotiate the price. Typically, the realtor will require a 3% commission, whether they are the listing agent representing the seller or the buyer’s agent representing the buyer. Since a listing agent is representing the seller, another 3% commission is given up at closing. THAT’S 6% TO PAY THE AGENTS. Whether the buyer or the seller has to assume the cost, it still makes it tougher on both sides of the transaction to eventually agree to terms and price. With properties that sell as-is, you may agree with the offer, but after the buyer and the buyer’s lender conduct more due diligence, they will find deficiencies with the property that require the seller to offer a concession to the sales price. CONSIDERING CONCESSIONS AND REALTOR FEES, YOU AREN’T MAKING AS MUCH MONEY AT THE END OF THE DAY.
Many people ask us, how do I sell my house fast? Find someone willing to buy your home soon. Bank financing takes time, and every home doesn’t qualify, so cash is the fastest and most reliable way to sell your home. Savvi Buys Houses is an all-cash buyer that will buy your house as-is. You don’t have to use a realtor to sell your home, so you get that extra commission in your pocket.
What to do if your house is not selling?
There is probably an issue with your home or the price that is causing it not to sell. You need to start asking for feedback from potentially interested parties.
What to do when a buyer pulls out of house sale?
You should find a more reliable home buyer that appreciates you and your time like Savvi Buys Houses
How fast will my home sell?
Like we mentioned before, you have many options for selling your home. If you go the traditional route of listing with an agent, it could take months. Savvi Buys Houses buys houses in days, depending on the situation.
When does the seller receive money from a buyer?
The seller receives their money on the day of closing. The day of closing is one of the items on the contract that the seller usually chooses.
How does the seller receive funds?
The seller has the option with the title company to choose a cashier’s check or wire transfer. Wire transfer is the most popular since the money is typically instantly transferred. With a large cashiers check, your bank could hold it for a couple of days.
How quickly are houses selling in my area?
The days on the market (referred to as DOM) is a suggested time based on similar transactions, not a guarantee, and the accuracy always seems to surprise homeowners. With investment companies like Savvi Buys Houses, you can get someone to your home the same day / next day.
What if I bought a house and I can’t sell the old one?
Look further into the reason it’s not selling. Could be something not appealing about the condition. It could be the price. It could also be the wrong buyers. Savvi Buys Houses makes it easy to get cash for your house no matter the condition.
I have a real estate agent, but it’s been on the market for longer than 30 days?
I can’t tell you how many times I have been unable to get in touch with real estate agents even when I was a cash buyer willing to buy the home they listed. I eventually moved on, just like other buyers will.
Dallas / Fort Worth Location – 2709 Spyglass Dr, Carrollton, TX 75007