Categories Baytown, Cash Offer, Landlord

Why You Should Sell Your Investment Property in Baytown!

 

Do you own an investment property in Baytown or in any of the surrounding cities? If you do then you may want to consider selling. Although many investors have the understanding that holding their investment property is always the best strategy, there are current market indicators that are supporting those investors who are open to change. Overall, investors who are holding onto their investment assets may be leaving money on the table. Here’s why:

Use Your Equity to Increase Your Cash Flow

Leveraging your current investment property to increase your cash flow can improve your financial position. By selling your current home and reinvesting in either a larger, single family home, or a multi-unit building such as a duplex or triplex, you can increase your cash flow. You can use the cash received from the sale of your current investment property as a down payment and take advantage of the low interest rates to acquire a loan on the new property.

Another option that many consider is refinancing their current investment property to purchase a second property. However, there is a major pitfall in this plan that many overlook, and that is the hassle of managing two properties in separate locations. By consolidating your properties onto one lot you can reduce the time it takes to manage the properties.

Do a 1031 Exchange

By participating in a 1031 exchange, you can leverage the equity in your current investment property and trade into a larger one without paying capital gains taxes. A 1031 Exchange, which is defined under section 1031 of the IRS Code allows investors to defer paying capital gains taxes on an investment property when is it sold and another “like-kind property” is purchased.

Take Advantage: We are in a Seller’s Market

Don’t miss out on the current opportunity – we are still in a seller’s market. This means that due to increased demand and limited supply you can receive a premium on your home. Wait any longer and the market could shift, reducing your return on the sale. You may be wondering how you will be able to buy the next property if it is a seller’s market. This is simple: Thanks to the cash you will have at hand from your current home, you will have maximum leverage to negotiate on your next purchase. Furthermore, if you are considering investing in an alternative asset, such as a commercial real estate property (apartment complex), the market has different demands. With the right buyer’s agent you will most likely be able to improve your position.

Move to a Stronger Market

Economists are predicting that in the next nine to eighteen months the market will start to take a hit, and this includes the real estate market. This means that any property owners need to start preparing for the long term; if they are considering selling in the next ten years, they should execute now. If they wait, they could risk entering a recession, which could then take years to recover from.

In this instance, moving to a stronger market can be the solution for any investor. For example, purchasing in Houston could prove to be an intelligent decision. More people are moving into the cities for job opportunities, which increases rent and demand for rental units. Moving to an urban market provides more security in economic uncertainty.

Get Out

Maybe it is just time for you to get out of your investment property. Are you currently experiencing more stress than reward by managing your property or properties? Do you have tenants that are no longer worth the worry? Are you facing foreclosure on the property? Is the property vacant? Are you entering retirement and looking for less work? If you answered “Yes” to any of these questions, then getting out of the investment may be your best option.

Sell, But Don’t List

Many investors avoid exchanging or selling their investment assets because they don’t want to hassle with selling their property on the market. We have a solution that will help you forego this process…Sell to us, Gulf State Homebuyers. We are investors located in Baytown who are interested in buying your property. We buy homes in all conditions and as-is. This means that as the owner you will not need to hire any contractors, real estate agents, or appraisers. Instead, we do all the work. Our process is simple. Once you contact us, we will set up a time to walk the property. We will then have one of our qualified staff meet you and they will give you an offer that same day. No obligations. No hassles. No fees. If this is something that interests you, call us today to get started.

Author gulfstatehome
Categories Cash Offer, Tips

Characteristics of Homes Purchased in 2019

 

When you take on the task of selling your home, you will be confronted with quite a few challenges. Dozens of homeowners just like you are looking to sell their homes quickly and at a competitive price. However, not every homeowner is able to achieve this goal – and the primary reason they are unable to do this is because they are not aware of what buyers are looking for. Understanding your clients is key to any sale – so adopting the latest home buyers’ trends is essential to beating your competition when trying to sell your home. Let’s take a look at some of the characteristic’s home buyers are looking for this season.

What types of homes are home buyers buying?

Depending on the area that you live, this characteristic can vary. However, in a community such as Baytown we tend to follow the natural trend of the US market. According to 2019 data, 82% of US home buyers in 2019 are seeking detached single-family homes, with only 8% purchasing townhouses. A mere 10% are purchasing homes in apartment complexes, duplexes, and other mixed housing situations.

Where are home buyers interested in buying?

You may think with employment opportunities primarily moving into major cities, home buyers are seeking homes in these neighborhoods. However, families are still largely interested in living in suburban communities. In fact, it is estimated that only 14% of individuals purchasing homes this year have settled into an urban area or city center. Communities like Baytown are desired because it allows families to reside in a close-knit community while having the ability to commute to major cities.

How much are home buyers buying for?

This question varies greatly depending on your home’s location. On a national level, the majority of houses that buyers are pursuing range between $200,000 to $300,000. However, in Baytown the medium price of homes sold this year is slightly below the average – coming in at $189,000. This means that people interested in selling their home will find more success by selling to an out-of-towner.

Does my home need to be eco-friendly?

The honest truth – YES. The majority of home buyers currently include millennials, a generation that is focused on improving the environment around them. They are recognized for spending more on purchases to ensure that they are using their buying power to promote an eco-friendly world. This means that homeowners need to focus on improving the environmentally friendly features in their homes by installing solar panels, updated HVAC systems, energy efficient appliances, double pane windows and doors, energy efficient lighting, and landscaping for energy conservation.

What other factors do home buyers consider?

Although we cannot breakdown every characteristic of this year’s home buyers, we can educate you on some additional aspects of your home that you can assess on your own. You can conduct research to determine how your home compares to that of the community you live in. When assessing take a look at your homes stats compared to those that have recently sold, such as: size of the home, lot size, style of the home, quality of the neighborhood and schools, and crime rate.

How do I find the perfect home buyer for my house?

With the diversity in home buyer’s characteristics, finding the right home buyer for you can be difficult. You will need to be flexible in your closing terms to ensure that you maximize your return. For example, if you are selling a fixer upper, you need to be prepared to pay for necessary inspections to close on the finance contingency. If you are selling a condo, you need to be prepared to negotiate the price if your HOA fees are high.

However, selling does not need to be so complicated. Selling to an all-cash buyer can provide you the perfect buyer without the hassles of preparing the home for the sale.

What do we mean?

Sell to us! We are Gulf State Homebuyers – we are all cash investors interested in buying homes in the Baytown and Houston area. We purchase homes at competitive prices, providing ease to sellers looking to transition to their next chapter in life. If you want to forego the stress of trying to accommodate your home to the buyer’s in the market, then contact us today for your free home evaluation. We can purchase your home within days, cover all costs associated with the sale, and even help pay for your moving costs. Don’t wait – get your free appraisal today.

Author gulfstatehome
Categories Cash Offer

6 Reasons Why People Sell Their Home Quickly…

 

There are multitude of reasons people choose to sell their homes quickly – but why do people choose to sell their home in this manner, to an all-cash buyer, instead of on the market with a real estate agent? Here are the six main reasons why people make the decision to close on their home quickly:

1 – They Inherited the Home

Often times people find themselves inheriting a property, either expected or sometimes not. When they inherit the home, they are faced with the decision of what to do with the house. A majority of these inheritors choose to sell the home, especially when there is more than one person involved in the inheritance. Selling on the market can take months, which is not a process people want to go through at such a difficult time. Therefore, selling to an all-cash buyer quickly can be a more reasonable decision.

2 – They Are Getting Divorced

Another common and tricky situation where a home needs to be sold in a short time is divorce. Though it is possible for couples to separate on good terms, the sad truth is that divorce can be messy. In order to split the value of a couple’s assets accurately and fairly, it is usually necessary to liquidate all of the splitting couples shared assets to come to terms with the final divorce proceedings. No one wants to linger in a situation with lawyers and bickering couples, so it’s best to just sell everything and go your separate ways.

3 – They Were Relocated for Work

A more positive, but no less stressful need to sell in a hurry is relocating for work. Many times, raises and promotions come with the contingency of relocating to areas of opportunity within a person’s organization. This can include many sectors, both private and military. When a person is working their way up to bigger and better positions, it is not uncommon for them to be asked to move to areas where their skills are needed. In some cases, people are asked to move relatively quickly, so selling on the market provides limited options for their situation.

4 – They Are Facing Foreclosure

Foreclosure is another unfortunate situation to find oneself facing. If a person is struggling to keep up with mortgage payments, it is best to sell the home before it is foreclosed on. By selling the house before it is repossessed by the bank the owner can use whatever equity is left to start over again. In addition, they may be able to stop a foreclosure being placed on their credit score.

5 – Their Home Was Damaged by A Recent Storm or Fire

If a home is damaged in a fire, flood or any type of natural disaster, the cost of repairs may not be worth it. Repairing a damaged home is extremely time consuming and often times the home is unlivable during the repairs. The expenses can begin to grow as a mounting list of previously undiscovered problems are exposed over the course of repairs. This stress coupled with the potential financial burden causes many homeowners to want to get out of their damaged home quickly.

6 – They Are Tired of Being A Landlord

Being a landlord has its many perks, but sometimes it doesn’t work out. There are many reasons landlords want to sell their properties, but the one that makes them want to get out quick is having bad tenants. Landlords do their best to screen for potential problems with renters, but when bad tenants slip through the screening prosses they are extremely difficult to get out. There are countless laws protecting renters’ rights that it is often times better to sell the bad tenants with the property and forget your troubles.

If you do sell quickly, confirm you have a reputable and honest company.

With the increase in companies available to purchase your home, homeowners need to ensure that they sell to a reputable and honest company. To assess if a potential company is right for you, review their procedures as well as their reviews.

We at Gulf State Homebuyers may be the company you are looking for! We are A+ BBB Accredited, we have a simple and straightforward process, and we have the history and reviews to support our claims. Additionally, we received the Houston’s BBB Distinction Award for 2016, 2017, and 2018.

If you are looking to sell your home quickly, contact us today to learn more.

Author gulfstatehome
Categories Cash Offer

Steps to Selling to An All-Cash Buyer…and the Benefits!

 

Are you ready for a change? Has your family outgrown your home? Do you need more living space to accommodate everyone’s growing needs? Are you looking to transition into a home in a top-notch school district? In essence, are you looking to move?

If you are then you have probably been doing some research on your best options for moving. Reviewing different real estate options, assessing where the real estate market is, and driving yourself crazy on whether or not you are making the best decision for your future. Well, if you want to consider a simpler option to moving, think about selling your home to an all-cash buyer. Selling to an all-cash buyer can help relieve some of the stress of selling on the market – no longer do you have to think about marketing, staging, and negotiating – instead, you can sell your home in four simple steps.

First, A Bit About Us….

We are Gulf State Homebuyers, a full-service real estate investment company founded in 2006. We are located in Baytown and purchase homes all-cash in the Greater Houston Area. We buy homes regardless of the reason the seller is selling – we buy vacant homes, those that need renovations and upgrades, those facing foreclosure, investment properties (with or without tenants), condos, and damaged homes. We are an A+ Better Business Bureau member and have previously been awarded the Distinction Award for 2016, 2017, and 2018. We are dedicated to providing sellers a fast, easy and stress-free way to sell their real estate.

With over fifteen years’ experience in the real estate market, we have created a home-buying strategy that makes the selling process easy for our clients. Our process is free and requires no obligation from the seller – if you change your mind at any time, no problem – just let us know. Now, let’s take a look at those four steps that can get you out of your old home and into a new one….

Step 1 – Make the Initial Call

Taking action on your part is the first step to get the ball rolling. To learn more about our company, you can visit our website here. To contact us, you can call us at 281-816-5454 or send us an inquiry here. If you chose to send an inquiry, we will have one of our acquisition specialists contact you as soon possible.

Step 2 – Schedule an Appointment for a Home Assessment

Once we make contact, we will set up a time to visit your home. We will assess the value of the home while we are there and determine the value that we believe the home is worth. Again, remember that we buy homes in all conditions and as-is – that means that you as a homeowner do not need to worry about changing a thing.

We are knowledgeable investors with years of experience. We will not be requiting home inspections that take up your valuable time – we just bring ourselves and our expertise and are able to make the assessment that same day.

Step 3 – Get an Offer: Choose to Accept or Decline

While we are visiting the home we will make an offer on the spot. Our offers are competitive and the final terms can be customized to your needs. At this point, you as the seller can chose to accept or decline the offer.

If you accept, then we handle all of the paperwork, from start to finish. This includes drafting all agreements and completing all title transfer paperwork.

If you chose to decline, no worries. We will walk away and you will have the freedom to move forward with your home sale however you would like. Again, you have no obligations throughout the process.

Step 4 – Collect Your Check

After we have completed the paperwork, all you need to do is come in, sign, and collect your check. We will work with you on the closing date and ensure that you have enough time to move and take care of all details for your next phase.

Benefits of Selling to Us, Gulf State Homebuyers

Not only have we simplified your home selling process, but we provide additional benefits to home sellers as well:

  • You will not need to hire a real estate agent or market your home
  • You can sell your home as-is – no money spent upfront
  • You will not need to commit to or complete any inspections
  • We can close in as little as five days
  • There are no closing costs on your end – we cover them all
  • Plus, we can help you with moving costs!
Author gulfstatehome
Categories Cash Offer

Gulfstate Homebuyers – Why Choose Us?

 

In today’s society, there are typically dozens of companies that offer the same services to one region – this includes in Baytown, Texas. Given this easy access to multiple resources, sometimes selecting a company for your needs can be difficult. How do you know which company is right for you? Well, when it comes to selling your home to an all cash-buyer, we have the answer for you.

Last week we outlined the importance of working with a A+  BBB accredited company when selling your home. This week we want to outline the importance of working with a company whose mission statement and philosophy match your needs.

What is the Mission Statement?

Many consumers overlook a company’s mission statement and look directly at what services a specific company offers – however, the truth is that a company’s mission statement provides important information to consumers about the philosophy of the company. The mission statement outlines the goals of the company, what their services include, and what their priorities are. Aligning yourself as a consumer with a company’s mission statement can allow you to be ensured that the process of working with that company will meet your expectations.

A Clearer Picture

Let’s take real estate for example. Many companies have different objectives in mind. Some are driven by profit and building equity for their company and clients, while others are more directed towards building a strong community and providing personalized services to its people.  Reflecting on your own personal ideologies, what kind of business do you want to support in your neighborhood?

How We Fit In…

We here at Gulf State Homebuyers are all-cash home buyers. “Our mission is to provide sellers a fast, easy and stress-free way to sell their real estate. We have been buying houses for over 15 years in Houston and the surrounding areas in addition to providing the best customer service in the business. Here at Gulf State Homebuyers, we take pride in making sure our sellers feel at home and not to mention, we treat them like family.”

As you can see, our mission is not about getting homes at below market prices, but rather dedicated to customer service and client satisfaction. This is essentially how we have built a highly reputable (A+ BBB Accreditation) company and how we have grown our business for over a decade, including through one of the worst recessions in United States history.

In situations where individuals don’t want to sell their home but are struggling financially, we try to help as well. We provide the option for our clients to sell us their home, then we allow them to rent or owner finance. This gives our clients the up-front capital to catch up financially and allows them to stay in the home that they feel comfortable in.

If a client is looking to move quickly, then we are here to help too. We buy homes that are damaged, threatened by foreclosure, and those that are investment properties. No matter the reason, we have a team of professionals that work with our clients to ensure that at the end of the day, their needs are being met. If they need to close quickly, we can close in five days. If they need help with moving, we can help with moving costs.

Why We Share This Information?

We want our community as a whole to grow and develop – it is not only where we do business, but where we live as well. That is why we share this information with individuals, such as yourself, who are looking to sell their home. We want to keep the economy of Baytown moving forward. Ultimately, we have aligned our mission statement with just this concept – putting our clients first.

Why Choose Us?

Do you align with our beliefs and ideas? Are you looking for a company that can support you during the home-selling process, which can be stressful and overwhelming? Are you looking for a company that can work with you on the closing date so that your transition into your next phase is smooth and simple?

If you answered ‘Yes’ to any of the above questions, then we may be the company for you.

Get started today! As mentioned, we buy homes in all conditions. We make competitive offers and provide simple solutions to our clients when they are confronted with the challenges of selling their home. We have legal counsel that can draft all paperwork and a team of educated individuals who can assist throughout the process.  We stay true to our mission statement.

Don’t wait –  contact us today for your free consultation.

Author gulfstatehome
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