Categories Cash Offer, Tips

Choosing the Right Real Estate Investor: Key Factors to Consider When Selling Your Home

real estate investor houston

Selling your home to a real estate investor can be a strategic move, providing a quick and hassle-free transaction. However, selecting the right investor is crucial for a smooth process and a fair deal. Here are some key factors to consider:

  1. Reputation and Credibility:
    Research the investor’s reputation in the real estate market. Look for reviews, testimonials, and any history of successful transactions. A reputable investor is more likely to provide a transparent and trustworthy experience.
  2. Experience in Your Area:
    Opt for investors familiar with your local real estate market. They’ll have a better understanding of neighborhood trends, property values, and potential challenges, ensuring a more accurate valuation of your home.
  3. Speed of Transaction:
    One of the main advantages of selling to an investor is the speed of the transaction. Inquire about the typical timeline from initial contact to closing. A reliable investor should be able to move quickly while still adhering to legal and procedural requirements.
  4. Flexibility in Payment Terms:
    Assess the investor’s flexibility in payment terms. Some may offer all-cash transactions, while others might propose creative financing options. Choose an investor whose terms align with your financial goals and preferences.
  5. Transparency in the Process:
    A trustworthy investor will be open and honest about the entire selling process. They should clearly explain how they determine the property’s value, any associated fees, and the overall terms of the deal. Be wary of investors who are vague or evasive.
  6. Proof of Funds:
    Request proof of funds from the investor to ensure they have the financial capability to complete the transaction. This step adds an extra layer of assurance that the sale will proceed smoothly without unexpected delays.
  7. Legal Knowledge:
    Verify the investor’s understanding of local real estate laws and regulations. This knowledge is crucial to navigate potential legal complexities, ensuring a lawful and binding transaction.
  8. Flexibility in Property Condition:
    If your home needs repairs or renovations, choose an investor who is comfortable buying properties in various conditions. This flexibility can save you time and money compared to dealing with traditional buyers who may demand extensive repairs.
  9. References and Portfolio:
    Ask for references or case studies of previous transactions. A seasoned investor will gladly share success stories, demonstrating their expertise and track record in the real estate market.
  10. Personal Compatibility:
    Trust your instincts when interacting with potential investors. A good fit, in terms of communication and understanding, can contribute to a smoother transaction process.

By considering these key factors, you can make an informed decision when choosing the right real estate investor to sell your home to. Taking the time to research and select a reputable and experienced investor will likely result in a more favorable outcome for you as the seller. Gulf State Homebuyers has been one of the most sought after real estate investors in the Houston area especially after winning the BBB Distinction Award for the last 7 years straight. Call them today to get a FREE quote on your home 281-816-5454!

Categories Cash Offer, Uncategorized, vacant home

Benefits to selling to a real estate investor

selling to an investor

Selling your home is a significant decision, and exploring all your options is crucial. One avenue gaining popularity is selling to a real estate investor. Here are some compelling reasons why this approach can be highly beneficial:

1. Speedy Transactions:

   Real estate investors often streamline the buying process, cutting down on time-consuming steps. If you’re looking to sell quickly, working with an investor can expedite the transaction, providing you with a faster closing.

2. No Need for Repairs:

   Traditional home sales often involve preparing the property for market by making repairs and improvements. Real estate investors, however, typically buy homes as-is. This can save you both time and money, as you won’t be required to invest in costly renovations.

3. Cash Offers:

   Real estate investors frequently offer cash for properties. This eliminates the uncertainties associated with financing contingencies and ensures a smoother, more reliable closing process. Cash transactions are generally faster and less prone to complications.

4. Avoiding Listing Costs:

   When selling through a realtor, you may incur expenses related to listing, marketing, and potential buyer negotiations. Selling to an investor often eliminates these costs, allowing you to keep more of the proceeds from the sale.

5. Flexible Terms:

   Investors can be more flexible with terms and conditions, tailoring the deal to meet your specific needs. Whether you need a quick sale, a delayed closing, or other specific arrangements, investors are generally more open to accommodating your requirements.

6. Reliable Sale in Any Market:

   Real estate markets can be unpredictable. Selling to an investor can be a more stable option, as they often operate independently of market fluctuations. This can provide peace of mind, especially in uncertain economic climates.

7. Avoiding Foreclosure:

   If you’re facing the risk of foreclosure, selling your home to an investor can be a lifeline. Investors can work swiftly to purchase your property, helping you avoid the negative consequences of foreclosure and preserving your credit score.

In conclusion, selling your home to a real estate investor offers a range of advantages, from a faster transaction process to flexibility in terms and conditions. Consider exploring this option to maximize value and ensure a smooth selling experience.

Call us today at 281-816-5454 and let us come take a look at your property and show you how our quick, simple and easy process works!

Categories Cash Offer, Corona Virus

Corona Virus and Houston’s real estate market

White-Border-with-Photo-Greeting-Birthday-Facebook-Post

The Corona Virus took the world by storm and will shape the worlds economy in numerous ways.  One of the industries that will be heavily affected in the recent months will be the real estate market.  Although many markets are different throughout the United States, the Houston market has been really strong over the last several years.  Even with the stay-at-home order from Governor Greg Abbott, Houston’s home sales were more than 11 percent ahead of the levels at this point in 2019.  Many people are still taking advantage of the rock bottom interest rates that are available from mortgage companies.

Many real estate professionals in the Houston area are looking for the Corona Virus to have the same effects on Houston as Hurricane Harvey did for some time.  There should be a major slow down, shifting the once strong sellers market back to more of a buyers market, soon.  The easiest way to put it is, many are bracing for impact, waiting to see the full extent of the damage it will have on employment and local businesses.

Houston Real Estate Highlights in March

  • Single-family home sales rose 8.2 percent year-over-year, with 7,566 units sold, marking the ninth consecutive month of positive sales;
  • The Days on Market (DOM) figure for single-family homes was unchanged at 65 days;
  • Total property sales rose 6.9 percent, with 8,965 units sold;
  • Total dollar volume jumped 11.0 percent to more than $2.6 billion;
  • The single-family home median price rose 4.1 percent to $249,900, reaching a March high;
  • The single-family home average price climbed 3.8 percent to a March high of $309,785;
  • Single-family homes months of inventory was at a 3.5-months supply, down from 3.8 months last March but above the national inventory level of 3.1 months;
  • Townhome/condominium sales declined 0.5 percent, with the average price up 6.0 percent to $224,038 and the median price up 4.6 percent to $183,000;
  • Lease properties experienced a mixed performance, as single-family home rentals increased 1.2 percent with the average rent up 2.4 percent to $1,788;
  • Volume of townhome/condominium leases fell 9.7 percent with the average rent up 4.2 percent to $1,604.
  • One of the many things not talked about much is the change in today’s oil prices that are going to have a massive effect on the Houston real estate market with the current OPEC issues overseas.  Many people are expecting large oil companies to have major layoffs contributing to the large unemployment numbers we are already seeing here in the United States.

The outlook of the Houston real estate market is brital and is henging on several external factors that we should keep a close eye on.  Once the April and May numbers are in, we should be able to see the lasting impact and a small outlook of what the real estate market should look like for the rest of 2020.

Houston HAR News Data

Categories Baytown, Cash Offer, Inherited, vacant home

Damaged, Vacant, or Inherited Home Causing You Stress? Here’s the Solution!

Damaged-Vacant-or-Inherited-Home-Causing-You-Stress-Heres-the-Solution

 

Homeownership is a lot of work and if you own more than one property, the cost and time for maintenance can often become overwhelming. So, let’s look at the top three ways people become financially overextended with their properties and what to do about it.

Inheriting a home sounds like it would be a great financial windfall, but in reality, it usually ends up being a costly logistical and emotional nightmare. Inheriting a home typically falls on the heels of bad news, like a death in the family, so the prospect of financial gain is not ordinarily on the top of people’s minds. Homes that are acquired by inheritance are almost never in a condition to sell. As a result, when the time comes to sort out the inherited property it will need to be cleared out. This will require movers, multiple garage sales, or an estate sale to get the contents of the home properly delivered to inheritors or sold. Lastly, the home will need to be updated and refurbished, or sometimes repaired. This process can take months or even years to complete before the home is ready to live in or sell. We forgot to mention, this scenario is under ideal conditions. Throw in bickering siblings and relatives wrestling for their peace of the pie, contributing their own ideas and opinions of how to go about splitting up the inherited property and how to make the highest profit off of it once it sells! Because of all this, nine times out of ten, inheritors just want to sell the property as quickly as possible. To simplify the process and alleviate the stress, you can sell the property to an all cash buyer such as Gulf State Homebuyers. They can close on the sale of the home in as little as five days and will buy the house as-is so you don’t have to hassle with any renovations. All you are left with is deciding how to divide up the inheritance with your family.

An inherited home can also be the reason for owning a vacant home, but it could also be a vacation home that no longer gets use or an investment property that didn’t get the time and attention it needed to turn a profit. Homes that are intended to be rented, but for one reason or another remain unoccupied, are one of the most common types of vacant homes. Whatever the reason, a vacant home can cause a lot of financial and emotional stress. When homes sit vacant, it doesn’t take long for the structures to begin to deteriorate. This is because the basic cleaning and maintenance occupants typically perform, like picking weeds, clearing rain gutters, and raking the leaves, end up drastically extending the life of the structure. So, if no one it there to perform it, the home suffers. Basic house cleaning also keeps away pests, who will quickly move in and start eating away at the homes structure, insulation, or even the electrical systems. Any property that you are unable to maintain because of lack of time or finances needs to be sold quickly, because as the home continues to deteriorate the value will too. All cash buyers are good in this situation as well since they can quickly take the vacant property off your hands. This alleviates the two main reasons that a home sits vacant (lack of time and money), giving you the ability to sell and move on.

The last one is a big one when it comes to stress levels because it deals with the home you may currently be living in. We are talking about a damaged home! Fires, floods, and storms can often times leave the house unlivable, but even if the house is still safe to live in, the damage is likely to interfere with your ability to enjoy the house and can cause quite a few inconveniences. Cost aside, workmen and contractors coming and going throughout the day, coordinating repairs with your daily schedule, and the dust and noise of home repairs are all unpleasant at best. When this happens to you, there is another option – you could sell to an all cash buyer. Completely skip the cost and trouble of repairing the damage and let someone else handle it. At Gulf State Homebuyers we buy homes all cash, as-is, and in all conditions, even damaged. With all these scenarios, when you take into consideration the cost of repairs, upgrades, and the fees associated with selling a house, our offers are extremely competitive. So, contact us today for a free appraisal and sell your damaged, vacant, or inherited home in as little as five days!

Categories Cash Offer, Tips

When is the Right Time to Buy?

When-is-the-Right-Time-to-Buy

 

Most of us don’t have the luxury of waiting until that perfect moment to swoop in and snag the best deal on our next dream home. However, that doesn’t mean that with a little insight you can’t stack the odds in favor of getting a great deal. So, when is the right time to buy a home?

June is in the middle of high season, a time when there are the most homes on the market and houses are selling the fastest. This time of year you will have the best selection, but you will have little or no room to negotiate. In fact, the opposite is likely to occur. Multiple buyers will get involved in bidding wars which will raise the price of the house you had your heart set on. Because of this, if you are trying to get the best deal possible on a house, then it is best to avoid the spring and early summer all together.

The good news is that as winter and the holidays approach, as a buyer you can land a great deal on a home. This is because not very many people are out shopping for homes during this time of year. Often times sellers are put in the tight spot of being required to move unexpectedly and need to price the home to sell quickly. The day after Christmas is often singled out as the best day of the year to buy a house since sellers are eager to make a deal and willing to give discounts. Though there are deals to be had around the holidays, it’s difficult for most buyers to take advantage simply because of the nature of the season. The supply of homes is also very thin around this time so finding the home that is right for you is going to be hard.

This leaves us with a window of time overlapping summer and fall. By the numbers, the best time to buy a house is in the late summer or fall. This is because spring and summer are the busiest times of year for real estate which means prices go up from the increase in competition. Shopping at the tail end of high season still gives you plenty of homes to look at, but sellers are getting anxious to sell. They don’t want their home to be left on the market as winter approaches, driving away the pool of potential buyers. This leaves you with the highest value when home shopping, providing plenty of choices at good prices.

Timing for purchasing a home is affected by the seasons. Weather and school play a major role in determining when is the best time to move, which is why spring and summer become such busy times of year for real estate. Timing matters because you want to take advantage of the basic principles of supply and demand in the market. For example, with the flood of homes on the market in spring you may be able to find the perfect home in the perfect location. However, you will have to pay the highest price for it. On the other hand, you could get a steal on a house in the middle of winter, but with the limited selection of homes on the market you will more than likely have to make some compromises when it comes to the features you wanted. Good timing adds value to your purchase by essentially getting you the best of both situations: A great home at a reasonable price.

If you need to sell your home fast, but are afraid that the coming of winter will hurt the sale price of the house, we have a solution for you. Sell to an all-cash buyer! We are Gulf State Homebuyers and we buy homes for all cash at very competitive rates. This is because you get to skip the time and money it takes to repair, upgrade, and market the home for sale. We buy your home as-is, and we buy homes in all conditions, even if they have been damaged by a fire, flood, storms, or other natural disasters. Simply contact us for a free appraisal and we make you an offer the same day. Remember though, this is a no obligation appraisal, meaning you can take it or leave it with no worries. It’s that simple! Don’t worry about what time is the best time, contact us today and be ready to snag the home of your dreams at one of the best times of the year!

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