Categories Cash Offer

Why You Should Sell Your Home As-Is


If you have never sold your home before, you may be unaware of the barriers you will run into when starting to market the property. With an increase in home amenities desired by potential buyers, just listing your home with an agent may not be enough to get the price that you want. New homebuyers are generally looking for two types of homes – either ones that are new and have all the upgrades for 2019, or homes that are identified as fixer-uppers. Each home type offers its own advantages to the homebuyer; however, they can vary greatly in price. Your home however, most likely the home that falls between these categories – the home that has some wear and tear, but not any severe damage – can be primarily identified as “hard to sell” in the local market.

What Upgrades Are Homebuyers Looking For:

If you would like to take your chances and sell your home on the open market, there are specific upgrades that homebuyers are looking for. For 2019, here are the most popular ones.

  1. New Roofs. Given the annual storms that can drastically impact the quality of one’s roof, many homebuyers are interested in purchasing homes that have new roofs – that is, ones that have been installed since that last major storm. Unfortunately, the large number of homes that were destroyed following Storm Harvey created an uneven market. Since a majority of homes were demolished during the storm, a large number of the homes currently available have either been rebuilt or have had a new roof installed. If you were lucky enough to not experience severe roof damage, you may be out of luck when it comes to selling your home.
  2. Interior Upgrades: You may have been living in your home for years and find that the quaint family feel is something missing in today’s available properties. However, most homebuyers are millennials and they are looking for homes that are newly renovated. Homebuyers are looking for upgraded appliances (preferably eco-friendly ones) and open concept rooms. If your home is an older design and has walls obstructing the flow, it may be difficult to find a buyer.
  3. Storage and Organization: We are not only talking about adding cabinets, but rather creating spaces to assist in organization. The first trend that caught on related to this concept was with closet organizers, which became popular in the early 2000’s. Now, we are seeing that all aspects of homes are provided with shelves and organizational units to help people with removing clutter.

Expectation of Inspections

Outside of upgrades, homebuyers in Baytown are also requesting that all potential homes have the appropriate inspections completed before closing. Again, due to the severe weather conditions, often times there are unnoticed problems with the home. And these problems can prevent a buyer from closing escrow. The most common inspections that homebuyers will request include: the foundation and structure, HVAC, and plumping. These inspections can be costly, and the fee is generally issued to the seller.

How to Avoid these Renovations and Inspections

Selling your home “as-is” is one way to avoid these expected renovations and inspections. This means that you can sell your home in its current state, without completing any repairs.

We here at Gulf State Homebuyers do just that – we purchase homes in the Baytown market as-is. Therefore, if your home is outdated or has been affected by weather storms, we will buy the home from you and you will not be expected to fix anything. You may be asking, “why would we do this?” Well, this is simple. We see the potential in each home we buy. We have an in-depth understanding of the real estate market and we have close connections with contractors in the area. These combined provide us with an opportunity to buy homes from homeowners at competitive prices. We do not drastically reduce the value of your home because of its downsides – instead, we see its potential and we make an offer comparable to what you would sell it for on the market. We also remove the need for you to waste time marketing your home – so you don’t need to worry about whether or not you will get more if you complete the repairs.

No matter the reason you are interested in selling your home, selecting us as your all cash buyer can make the process quick and easy. We provide home evaluations and can make an offer and close within a week. We do not request any inspections and we help you transition more smoothly. If you are interested in selling your home as-is, contact us today.

Categories Cash Offer

Benefits of Selling Your Home to An All Cash Buyer


If you are contemplating selling your home in today’s market, we are going to make a recommendation: Consider selling your home to an all cash buyer. This option can provide homeowners with an easy solution to what can be a long and tedious process.

Let’s outline the top 6 advantages of selling your home to an all cash buyer.

  1. Avoid Hiring a Real Estate Agent 

Listing your home on the market can be a complicated process. To get started, you must identify a real estate agent who will represent you. As a seller, you will want a real estate agent who is: knowledgeable about the market, has a comprehensive marketing platform, has relationships within the industry, and can get you top dollar for your home. However, there are thousands of real estate agents within your market who will advertise that they meet these qualifications, when in reality a small percentage of them actually do. If you choose the wrong agent, you will waste months while your representation agreement with them runs out.

2 – Skip the Hassle of Marketing Your Home

If you are lucky enough to hire an effective agent, you are just at the beginning of the process. The next step, which will be the responsibility of the agent, will be to market the home. You as a homeowner will want to be sure that your agent maximizes visibility of your home on viable platforms to ensure that you get the best offers for your home. Effective marketing can be time consuming and sometimes costly to homeowners. Marketing will be an ongoing process until escrow closes.

3 – Escape Inspections

Depending on the market, selling your home can take months. Finding a qualified buyer can be promising, but the following steps can be daunting and place your home at risk of falling out of escrow. Most home buyers will want to complete a specific list of home inspections before finalizing the sale. If there are any unresolved issues identified, the buyer could potentially back out of the deal or request a lower purchase price.

When you sell to an all cash buyer you can avoid hiring a real estate agent., skip marketing, and avoid inspections.  Gulf State Homebuyers has the resources and abilities to complete home evaluations and provide you with a competitive offer, saving you both time and money on the home selling process.

Additionally, selling to all cash buyers provides homeowners with these benefits…

4 – Avoid Foreclose

If you are on the verge of foreclosure, selling to an all cash buyer can be your silver lining. If you do lose your home to the bank, you will lose all equity and often have no financial support to take your next step. Selling to an all cash buyer may provide you with leverage to avoid foreclosure and set you up with some financial stability to make a transition into your next home.

5 – Sell “As-Is”

If you have any issues with your home, selling it “as-is” on the market can be a tough task. Most investors or homebuyers will want a discounted rate if there is something obviously wrong. Also, there are buyers whose goal is to identify problems with the home to negotiate the price down. Selling to an all cash buyer removes all these games; specifically, we here at Gulf State Homebuyers provide ease to our clients. We require no commitments to inspections and provide you an offer that represents our “as-is” price. We even buy homes that are damaged!

6 – Get Out Quick

If you are looking to sell your home quickly, not only because you want to avoid the hassle of marketing, but because you are going through a divorce or have inherited a home, we can help you get out quickly. Our platform provides offers that can close within five days. We have counsel that can help you along the way to provide for a smooth closing.

Whatever the reason you are considering selling your home, do not overlook the benefits of selling to us. We have years of experience in the local market and can provide you with an easy solution to selling your home. As interest rates are rising, you do not want to risk taking the time to list your home on the market. Get started with you next step today. Contact us and we can provide a free home evaluation and walk you through the steps to making your next move.

Categories Cash Offer

Stop Wasting Time: Sell Your Home FAST Today


Sell Your Home FAST 

The year is coming to an end and it is a great time to start making changes to prepare for a new and healthy 2019. One great way to get started on the new year is to get out of the old and into the new…including your home.

What we propose? Sell your home before the end of the year. We are all cash homebuyers located in Baytown, TX. We purchase homes in all conditions at competitive prices, assisting individuals in transitioning to the next phase of their lives.

Why Sell?

You may be comfortable in your home, or you may think that it is time to make a change. Here are a few reasons many of our recent clients have sold their home:

  • They were paying over 25% of their income on their mortgage, which is not recommended for a homeowner.
  • They found that their utility bills were too expensive.
  • Their home was too large for their family. Bringing the family to closer quarters can not only save you money, but also bring the family closer together.
  • Their family was growing! And they needed more space.
  • They needed to sell because of divorce, loss of a loved one, or recent financial loss.
  • Their home was damaged and they did not want to spend the time, or put the effort into resolving the problems.
  • Their investment home was vacant.
  • They had challenging tenants.
  • They wanted to avoid foreclosure.
  • They were tired of paying HOA fees.
  • They were ready for a change.

No matter the reason, selling your home can be a healthy change for a new start to 2019.

Why Sell NOW?

The economy is shifting and we are transitioning out of a seller’s market. The stock market is declining and interest rates are rising. The economy as a whole is becoming uncertain. And with this uncertainty comes instability in the real estate market. Analysists are predicting that by 2020 the United States will again be entering an economic downfall. What does this mean for the real estate market? This means that there will be less buyers and less financing for individuals looking to purchase new homes. Ultimately, this trend results in a decline in your home’s value. Selling now may offer you with the highest return on your home’s investment, providing you with financial stability to transition into your next home.

How to Sell Your Home Quickly?

Most homeowners purchased their home through a real estate broker, and expect that to sell their home they must use the same system. However, we are here to inform you that there is an alternative method to sell your home at a competitive price with no real estate broker necessary, and within 5 days: Sell to an all cash buyer.

The benefits of selling to an all cash buyer include:

  • No open houses. You will not need to leave the house on weekends or accommodate your agent so that he or she can show the home to potential buyers.
  • No dead deals. No risk of the deal falling through because of lack of financing.
  • No staging your home. Don’t waste money on altering your homes interior presentation.
  • Flexibility with your closing date. Close when you want, not when the bank wants too.
  • Shop for your next home without fear. Have confidence in your closing date and prepare for your move.
  • Reduce Stress. Stop worrying about what might happen!
  • No double payments. Do not pay for two mortgages because of a discrepancy in closing dates.

Ready to Sell?

Contact us today. We here at Gulf State Homebuyers are all cash homebuyers who are dedicated to helping the community. We are not looking for a quick and easy deal, but instead are interested in best representing you in the sale of your home. We remove the need for a real estate broker and even provide clients with legal consultation with our team. We complete all contracts and forego any inspections. Due to our in-depth knowledge of the market and extensive experience in Baytown, we are able to provide clients with the opportunity to close their homes in as little as five days.

If you want to sell, and want to avoid all of the hassle, don’t wait. Once you contact us we will get your started on the process. First, we will provide you with a free home evaluation. If you are happy with the price, your next step will be to sign and collect your payment!

Categories Cash Offer

Questions to Ask Before You Sell Your Home


Many individuals think selling their home will be a simple and speedy process – you hire a listing agent, market your home, and then get a check. However, there are many other factors that can greatly influence the process, including your own readiness to sell.

Reflecting on your personal motivations and goals regarding selling your home is key to a smooth transition. Below we outlined some questions you should ask yourself before entering the selling process, and we identified how an honest assessment of your answers affects the sale of your home.

What is my motivation to sell?

Why are you selling your home? Are you getting a divorce and looking to split ways with your ex? Did you lose a loved one and you are selling an inherited home? Are you taking advantage of the market? Are you looking to transition into a home better suited for your family size?

Assessing your motivation to sell can provide you with insight on whether or not you will sell your home. If you do not have a clear understanding of WHY you are selling your home, you may be hesitant to close. We have found that many buyers are resistant to offers that are below their expectations (even if they meet market comparisons) or get cold-feet when closing time arrives if they do not have a clear reason for selling. Ensuring that you are indeed ready to sell your home is the first step to selling successfully.

How much time and energy to do I want to put into preparing and showing my home?

Is your home ready to sell or does it need some improvements? Many realtors will suggest that you make minor repairs and upgrades before listing your home to maximize your return. There are buyers that are looking for move in ready homes and who don’t want the hassle of fixing the home – therefore, they are typically willing to pay more if the home is ready at move in.

So, it comes down what you are truly prepared and willing to do in order to sell your home for the best value – are you ready to commit the time and energy into fixing your home, then showing it to potential buyers? Additionally, are you financially prepared to invest in the renovations? If the answer is no, just remember that it may limit your buyers pool or reduce your profit. However, it is still possible to sell.

How much is my home worth?

Get your home assessed and understand what the true value of your home is – not your estimated value.

We have found that multiple sellers tend to believe that their home is worth more than the market supports, which is typically due to their emotional connection to the home. However, an individual’s emotional connection has no impact on the home’s value. What determines the home’s value is the market, the quality of the home, the amenities that the home has to offer, the neighborhood, and other comparable qualities.  Therefore, it is necessary to have your home valued before you put it on the market. This way, you can determine what your needed price is to sell, and decide whether or not you will be able to obtain an offer that will meet your expectations.

What is my ideal closing time frame?

Let’s circle back to – what is your motivation to sell? Do you need to sell quickly, or do you have time to market the home to get the highest offer? Allowing enough time for renovations and marketing can offer you a larger buying pool; however, if you are looking to sell quickly, this may affect your selling point.

Thinking About Selling?

These are just the first questions we recommend you reflect on to help determine if you are ready to sell. There are alternative options that can help expedite the process as well, reducing your need for investing financially and spending the time while the home is marketed.

What is this alternative? Selling to an all cash buyer. If you are considering selling, you should contact us. To get started, we will discuss with you your motivation and help you understand if and why this it is a good time to sell. From a market perspective, it is – however, we always want to ensure that before we buy from a client, they are ready to make the move. If we both agree that this is the time, we can provide you with a home evaluation, offer a quick close, and buy as-is, removing all hassle in the process for you.

Categories Cash Offer

We Cover Closing Costs. What Does This Mean?

When individuals sell their homes, they are not typically aware of the expenses they are going to incur in the process. Yes, they often understand that they will be responsible for paying an agent, but generally speaking, home sellers are surprised when their homes enter into escrow, and they learn about the additional expenses their buyer is asking them to cover related to closing costs.

To get started, let’s address the question, “What Are Closing Costs?”

Closing costs are fees associated with selling/buying a home – they are generally paid at the closing of a real estate transaction. Closing costs are primarily fees that must be paid to third parties in order to complete the to-do list of the lender; however, the closing costs can vary depending on the lender an individual party is working with.

The most common closing costs include an application fee, escrow fee, credit report, appraisal, and additional inspections; inspections required by the lender can include flood determination, home inspection, lead based paint inspection, and pest inspection. Escrow fees can additionally extend to recording and survey fees, courier fees, and transfer fees. Additional costs outside of those required by a lender can also be incurred, including attorney fees to cover the costs of an attorney reviewing all documents associated with the sale.

Needless to say, closing costs can add up – they typically fall between 2% – 5% of the home’s purchase price. Therefore, if a seller is selling his or her home for $1,000,000, closing fees would typically be between $20,000 – $50,000.

Who Covers Closing Costs?

There is no clear answer to this question. The buyer and seller are both looking to save money and therefore hoping that the other will cover the costs. Although the fees are assigned to the buyer, this does not mean that the buyer must necessarily always cover the fees. For example, if the buyer is on a budget or looking for a discounted rate, they will generally propose terms that require the seller to assist with the closing costs – usually at 50%. The seller always has the ability to opt out of assisting with these costs, but they are running the risk of losing a buyer and extending the sale process.

The seller also has the option of requesting that the buyer negotiate the closing costs with their lender, but this can’t happen without willingness on the buyer’s behalf.

So, let’s take a closer look at the numbers… the closing costs plus the agent fees will equal, on average, 9% of the home’s selling price. Therefore, if a home sells for $1,000,000, there will be $90,000 in accrued fees – this equation estimates that the seller will be responsible for $45,000 at close.

A major factor that affects who pays these fees is the current state of the market – is it a buyer’s market or a seller’s market? If the seller has multiple offers and can afford to decline any potential buyers who ask for assistance covering the closing costs, the seller has an advantage. However, in many markets, buyers are limited – therefore, the seller must consider the option of covering the costs in order to facilitate a swift close.

Tips to The Seller

If a seller is questioning how they should proceed with covering closing costs, they should ask themselves the following questions:

● Do I need to sell quickly?
● Am I selling my home below, at, or above my listed price?
● What is my market like?
● Can I afford to say no to assisting in covering the fees?
● Do I want to invest the time to allow for all inspections to be completed for the lender?

Need Assistance?

Many sellers either do not want the hassle of meeting requirements for closing with a buyer’s lender, or they do not want the responsibility of covering the fees. One way they can avoid this hassle is by selling to a qualified investor who is willing to pay all cash – specifically one who is willing to cover all closing costs on the home.

We here at Gulf State Homebuyers have provided that solution for you. We purchase homes as-is with all cash offers. What does this mean for you? No additional fees must be paid to agents or on closing costs. No additional time is spent on the home – we buy the home “as-is.” Finally, you can count on a quick close – we can close in as quickly as five days.

If you are interested in learning more about what closing costs are or are interested in selling your home quickly with no inconvenience to you, just contact us and we can help you make that next step towards your future.

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