Do you have a property that you want to sell immediately? Are you in the Dallas/Fort Worth area?
If you answered yes to both these questions, we want to help. We buy houses Dallas for a fair offer and in any condition.
Whether the home is in pristine condition or uninhabitable, Cash House Buyers DFW is interested in buying your property.
Working with our home buying service is different than going through a traditional realtor.
It’s faster, just as fair, and, most importantly, you’ll get rid of a problem property!
We Buy Houses Dallas: When Selling To An Investor Makes Sense
Selling to a real estate investor frequently makes more financial sense than going with a traditional realtor. Using a real estate agent is a slower process that isn’t guaranteed.
You have them list your property, and you may or may not get offers.
If your home is in poor condition or if tenants currently occupy it, you might find that the offers you receive are not as high as you would like.
Or, worse, you might not receive any offers to buy it at all!
By contrast, selling to Cash House Buyers DFW results in a guaranteed all-cash offer on your property. This type of offer is useful in three main scenarios.
#1 – Avoiding Foreclosure
Foreclosure takes a significant financial toll. You can lose significant money if the sales price isn’t as high as what you owed on the mortgage note.
Texas law permits lenders to sue you for the difference between the fair market value of the property and the balance you owed.
If the bank forecloses on your home, which has a $200,000 loan, and it sells for the fair market value of $150,000, then the bank can sue you for the $50k difference.
Having a foreclosure record also decreases your credit score significantly for the next seven years. A foreclosure can drop it as much as 200 points [1].
Even if you have a perfect 850 score, letting your home go this way might result in you having 650 or less for the foreseeable future.
Averting foreclosure requires speed. Unfortunately, listing with a real estate agent will not provide the quick sale that you need to stop the process.
However, selling to an investment company will. Since we buy houses Dallas, you can offload your DFW home to us.
Assuming our offer exceeds what you owe on the mortgage, you’ll be able to pay off the mortgage, avoid a financial crisis, and walk away from the property relatively unscathed.
That sounds like a win!
#2 – Moving Quickly
Sometimes you can’t wait to move. If you have a lucrative job offer elsewhere that requires you to leave ASAP, you wouldn’t want to pass that up just because you have a home that’s taking a long time to sell.
An article in January 2019 highlighted that Dallas-area homes have sitting on the market for upwards of 50 days.
That doesn’t even include the time it will take you to find the right real estate agent.
If you can’t wait at least two months to move, you might want to consider selling to an investment company.
We can make you an offer and close in as little as seven days.
You can leave your current property and move on to the next chapter of your life in a week! No other form of selling your home will be able to match that speed.
#3 – Significant Repairs Needed
People looking for homes the traditional way (via sites like Zillow or Realtor) tend to want turnkey homes that they can move into immediately.
Homes with costly repairs, like bad roofs or buckling floors, are typically not in high demand by average buyers.
To sell these types of homes, you can invest the money yourself to fix them.
These repairs can be costly. It’s not unheard of for a home in significant disrepair to take upwards of $100,000 to get it in shape to put on the market.
If you don’t have that kind of money lying around, you could get a home equity line of credit (if a bank will give one against a problem property).
You could also get a personal loan to finance it, but those will have very high interest rates.
Of course, once you sink the money into the home’s repairs, there’s no guarantee you will get that all back on the open market. You could be stuck with a repaired property and significant loan debts!
Alternatively, you could sell your home to an investor like Cash House Buyers DFW.
An investor can take the property off your hands and give you an all-cash offer for it. You can then walk away and leave the repairs to us. You’ll avoid having to get loans, pay property taxes, and so on. All you have to do is enjoy the money!
Selling To An Investment Company Is The Easiest Route
If you are facing foreclosure, moving quickly, or have a home that is in a state of extreme disrepair, selling to an investment company is typically the easiest route.
There are some other scenarios, such as divorce or having liens, that also benefit from a quicker sale.
At Cash House Buyers DFW, we can close in as little as seven days.
More importantly, we can give you an all-cash offer within 24 hours. That offer is also risk-free. If you don’t like it or you want to try a traditional sales route, you can always decline it.
With that said, we buy houses Dallas all the time with fair and competitive offers.
Before you list your property with an agent and hope that it closes in time to avert foreclosure or allow you to move for your new job, contact us and see what we’ll offer for the home.
It’s free, no-obligation, and if you like the offer, we can get you the money you want in as little as seven days. Don’t ruin your finances. Contact us today and let us put cash in your pocket!
References:
[1] https://www.financialsamurai.com/how-much-will-a-foreclosure-short-sale-hurt-credit-score/