Texas is home to the country’s second most inflated real estate market. The real estate sale is increasing by 6% annually in Texas. As a homeowner trying to sell your property, these statistics may sound like a favorable tide for you. Unfortunately, it is not so. According to most Texas based house buyer firms, the average wait time to sell a home in Texas now exceeds eight months. Hence, if you are trying to make a quick sale in the Texas real estate market, it would be a daunting task and a long-drawn waiting game.
This is why cash home buyers are becoming an increasingly essential aspect of the real estate market. They can be an excellent option for individuals who want to sell their homes quickly and for cash.
A cash house buyer is a business that can make an instant deal on your property and purchase it immediately. Finally, selling your home in Texas to a cash buyer is a highly appealing option.
Many trustworthy businesses buy houses for cash in Texas, but there will always be a few bad apples who are unethical and make empty promises. Here are some pointers to assist you in sorting through the clutter and choosing the ideal cash house buyers firm to work within Texas.
How Do You Know Which Cash House Buyer Businesses to Contact?
The first step is to choose which cash home buyer firms you should contact. There is a wealth of material available on the internet to assist you in making this decision before you pick up the phone or submit an application to receive a cash offer. Here are a few things you may do to filter down your options.
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Look for Reviews and Video Testimonials:
You’ll typically find testimonials or reviews pages on the websites of the many cash house buyer organizations, or they’ll be sprinkled across the internet. It’s critical to hunt for genuine reviews.
One typical alternative is to seek video reviews on the firm’s website, which can help you better understand how the homeowner feels about engaging with the specific cash home buyer company. Furthermore, you should search for reviews on search engines and social media platforms, requiring “genuine individuals” to write evaluations linked to their accounts.
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Find a Home Buying Company Based in Texas:
While choosing a firm with a lot of experience is vital, you also want to be sure you’re dealing with someone who knows Texas well. Certain national cash house buyer companies and franchises lack local knowledge of Texas risk, not giving you enough time and treating you like another sales deal. A local cash house buyer company from Texas, on the other hand, will be familiar with the ins and outs of the local real estate market. The Texas real estate market may experience a massive correction in pricing in 2022 due to the substantial real estate price rise in 2021. Such deep inside knowledge about the market will enable the cash buyer to guide you better.
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Avoid Faceless and Difficult-to-Reach Cash Home Buyer Firms:
Reviewing the website and looking for these telltale indicators of a trustworthy firm is another smart technique to locate legitimate cash home buyer companies in Texas.
- Are there images and identities of the owners/employees on the “About Us” page?
- Do they have a contact number where you can call and chat with a customer service representative in Texas?
- Do they have any Youtube videos of themselves as “actual people” corresponding to the team on their “about us” page?
- Is their business address listed, and if so, is it a national or regional address?
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Request Proof of Financial Resources:
This is a critical issue for any seller to ask the cash home buyer firm since it directly affects the company’s ability to follow through on its commitment to buy the property regardless of the circumstances. They can’t ensure that the creditor will underwrite the transaction and give them the funds they need if they rely on external funding and don’t have the cash on hand. You should request verification of funds and check the bank statements. Some businesses will display letters of credit from their lenders, but this isn’t the same as cash.
Final Thoughts
Many people who sell their homes to Texas based house buyer firms are in difficult financial situations and demand a customized quick fix from a business that cares and can devote the attention and time each seller deserves. You want to ensure you’re working with people that value you and will serve you with respect throughout the selling journey. Once you’ve checked all the boxes above and selected a credible and trustworthy organization, you can rest assured about your property’s quick sale at a fair price.