Tips for Selling a Home

Tips to Selling a Home in Texas.

action-sell-homeAre you selling a home? Decide how you want to sell a home – to a cash buyer or on the retail market.

If you want to sell your house quickly for cash, we will buy your house. Generally, you will receive less for your house than if you marketed and sold your house on the open market. However, you bear little of the closing costs, you assume no risk for selling your house, and no repairs are needed. You collect your money and walk away.

  1. Agree to a price, understanding your closing costs and the conditions of the sale. This includes any finance addendum, option periods, lender-required repairs, and possible seller-required repairs or objections. All of these items can kill a deal even after the contract is signed.
  2. Sign a Texas Real Estate Commission (TREC) contract form.
  3. Contact your insurance company that you are selling the home.
  4. Contact your utility providers to run off services the day after closing.
  5. Arrange to move any wanted items or furniture before the closing date.
  6. Contractors will want to look at your home after you sign the contract, but before closing. This will be arranged with you.
  7. If you have a survey, send it to the title company as provided by JBA.
  8. Gather all of your keys, remotes, and paperwork for the house and to bring to closing. Arrive at closing with your photo ID, and bank account wiring instructions for your proceeds.

If you have a house in very good condition and you are willing to accept the risk of selling it yourself, you can try to sell a home for full price. Only 9% of people decide to sell their homes with no outside help. Most people sell their house with the help of a real estate agent. If you prefer the help of a licensed Realtor, contact us to see if we are able to help. If you prefer to sell your home yourself, use this as a guide – but understand that you will be required to perform additional steps normally performed by a Realtor or a title company.

Selling a home advice

  1. When selling a home, agree to a price, understanding your closing costs and the conditions of the sale. This includes any finance addendum, option periods, lender-required repairs, and possible seller-required repairs or objections. All of these items can kill a deal even after the contract is signed.
  2. Sign a Texas Real Estate Commission (TREC) contract form.
  3. Make sure you approve of the title company handling your transaction.
  4. Confirm the receipt of option money and earnest money.
  5. If you have a survey, send it to the title company as provided by JBA.
  6. As the option period expires, make sure that no objections have been raised during any inspections of the house. Prepare to negotiate or remedy items found to be defective.
  7. Follow up on the appraisal of the house by the buyer’s lender. Know what you are going to do if you house does not appraise at the agreed price. You will be asked to negotiate. This is allowed, since the Third Party Finance addendum allows the buyer to back out of a deal if financing is unavailable for the conditions specified.
  8. Lenders may require repairs. These are usually repairs needed to make the house insurable under a new policy – which is different than the conditions under which your current policy is renewed. These items typically include roofs, foundation, plumbing, electrical, or HVAC. If requested, schedule to have these repairs performed.
  9. With needed repairs performed or negotiated, make certain that the buyer’s loan is in the underwriting process and ask to be notified when it goes to the closing department.
  10. Contact your insurance company that you are selling a home.
  11. Contact your utility providers to run off services the day after closing.
  12. Arrange to move furniture and personal items, and clean the house before the closing date.
  13. Review the closing documents before closing day. Make sure you understand all of closing costs, ask for help from your Realtor for any items you do not understand or think are unreasonable.
  14. Gather all of your keys, remotes, and paperwork for the house and to bring to closing. Arrive at closing with your photo ID, and bank account wiring instructions for your proceeds.