Texas Cash Investor's Solution

It’s time to sell your house. You keep asking yourself if you should hire an agent to sell your house in Houston, TX. Do you want to pay commissions? How long are you willing to wait for the house to receive an offer? How long will it take to close? What sort of repairs will you have to make? Are you available to show your house with 24-hour notice, or less?

No Property Showings

If you decide to sell your house directly to a professional house buyer in Houston, TX, you will not have to worry about going through a roller coaster of emotions. There are no frustrating, middle-of-dinner phone calls asking if you are available to show your house. You don’t have to worry about possibly running into a buyer’s agent or their clients or dealing with them asking you questions that you really shouldn’t answer anyway.

No Commissions or Fees

Real estate agents are paid based on a percentage of the sale price of your house. If you do not use an agent, there will be no commissions paid to a buyer’s or seller’s agent. That means thousands of dollars in savings! The usual commission is 3% per side, so if you sell your house for $400,000, you would have to pay $24,000 out of your proceeds in commissions alone, along with the traditional seller’s closing fees and other possible transaction fees to the closing agent and the real estate agents office. Real estate investors typically do not charge commission or transaction fees, and if they do, it is extremely low in comparison.

Waiting Time Frame

Real estate agents have access to the multiple listing service, or MLS, which allows your property to be found in searches for certain features of a property. This may sound great, but how long will it sit on the market? How fast will you receive offers? Real estate investors and other direct house buyers typically have a network of other house buyers, so if your property doesn’t fit their portfolio, then it may fit one of their colleagues’ portfolios. Either way, this means very limited waiting time for an offer. Also, when you sell your house in Houston, TX directly to house buyers, they will typically close faster than traditional buyers, and usually pay full in cash. Traditional house purchases usually require qualifications from banks, mortgage underwriting time, property inspection and the buyer may not end up qualifying in the end.

Inspections & Repairs

Professional house buyers in TX will usually purchase houses as-is. As a seller, this means you do not have to worry about repairs before closing or any other additional expenses you were not planning on. There are some companies that do not require inspections which makes it a truly as-is transaction. When you use a real estate agent, the buyer’s agent will almost always order an inspection of the property. If they find something wrong with the property structure, they may require you to fix it out of pocket before the property closes.

You Have Time

When you work with an investor instead of an agent to sell your Houston house, you will likely have time after the closing to move out. When you work with an agent in Houston, you are normally expected to vacate the house on or before the day of closing since the property

When you sell to us, you don’t have to worry about cleaning up after you move out or make any repairs. We buy your property as-is and will give you time to find your new house!

Want to learn more about why you should work with an investor instead of an agent to sell your Houston house? Give us a call today at (281) 214-6200 or send us a message to get your offer!

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Many people get into real estate investment thinking they will instantly strike it rich. This is rarely the case. There is much more work that goes into successful investment growth. In our latest post, we will explore ways to accelerate and amplify your real estate investment success.

Real estate investment is a great way to bring additional income to you and your family. The trick is not only to find great investments but to find investment opportunities that provide sustainable growth. You don’t want to invest your money somewhere that has the potential to lose all of its value overnight. Keep reading to learn some great tips to secure sustainable investment growth!

5 Tips for Sustainable Investment Growth in TX

Tip #1: You Are Running A Business

When you venture into the world of investing you are in all reality, building a business for yourself. It should be treated as such. You should dedicate time to your work and deal with people in a fair and consistent manner. Focus on your job at hand and don’t get caught up in the details. Sometimes you have to rely on your head over your heart when it comes to investment, and this isn’t always easy for newbie investors to manage. In real estate investing, time really is money. Market prices can fluctuate quickly. You will want to be able to swoop up great deals as they become available and unload properties you want to flip in a timely manner. The longer you hold a property, the more it will cost in the long run!

Tip #2: Have a Plan

Just like any successful business, you should have a business plan. This will help you create goals along with actionable steps to get you there. Ask yourself these questions:

How many properties do you want to own?

What kinds of properties do you see yourself investing in? Single-family? Multi-family? Commercial?
Will you require the help of a property management company?
What locations will you consider investing in?
What is your price range?
What size property are you after?
Do you want to buy and hold or go for the quick flip?
What is your exit strategy?
Are there other partners involved? How are profits divided?

You should have clear answers to all of these questions with as much thought put into it as possible.

Tip #3: Build Your Power Team

Once you begin your investing journey, you are bound to meet lots of professional along the way who can help you. It is important to foster and nurture these relationships so you can find the professional YOU want to work with. On your team, there should be an agent you turn to when the situation arises. A lawyer whom you consult with on all deals. An accountant who keeps all of your books in order. And a lender who will be there with the funds when you need them. By surrounding yourself with a team of people you can trust (and enjoy working with) will streamline your processes and make things much easier for you!

Tip #4: Find A Mentor

Building a relationship with someone who has been in your shoes, can be invaluable to your success. Your mentor should help keep you motivated, provide you with advice on potential purchases, and help you avoid making costly mistakes. You will learn more from someone who has done it all than you would in any book.

Tip #5: Don’t Be Afraid To Stay Off The MLS

Some of the best investment deals are found off the MLS. Many are “For Sale By Owner” properties you can find at a great price. Look to work with private owners and utilize other real estate websites in your search.

Are you interested in investing in the Houston area? If so, we can help! Send us a message outlining your goals or give our team a call now! (281) 214-6200

Inheriting a home is a pretty sweet experience, yet bitter at the same time… You are left with great property value you can use to improve your life, but you are still mourning the loss of a loved one. So you may tend to ask yourself at this point “what are the tax consequences when selling a house I inherited in Houston TX?” The tax laws have been designed in a way they will not add any more burden unto you upon inheriting the property. This implies that the financial consequences are less daunting than what you would expect, which is good news for you. 🙂

Tax Consequences when selling a house I inherited in Houston, TX

Calculation of basis

In order to comprehend how you’ll be taxed having inherited a home, you need to know how basis is calculated. Basis, in this case, refers to the asset cost for purpose of the calculation of capital gains along other taxes. When a person dies, the value or basis of their property in Houston is increased to the market value as at the time of their death. For instance, if a person purchased a home 20 years ago for $25,000 but it was worth $100,000 at the time of their death, that property would be valued at the latter amount for the purpose of calculating capital gains.

Taxation of gains/losses

Capital gains or losses refer to what you earn from selling property that you use for either personal or investment purposes. Such can be houses, furniture and many more things. If you decide to sell an inherited home in Houston, that sale is regarded as capital gain or loss for the purpose of income tax. In most cases, for you to qualify for lower rates of long-term capital gains, you are required to have held that property for at least a year. However long the duration you have been in ownership of an inherited home, any gain or loss will still be treated as long-term.

Reporting the sale

Upon selling an inherited home, you have to report it for the income tax purposes. You should first calculate your capital gain or loss. This is done by subtracting the basis from the sale amount. You should then report that amount to the necessary authorities.

Having an inherited home can be stressing given the fact that you have new property to take care of and pay taxes for it at the same time… You should go through the probate process in Houston as the first step to selling your home. The court will then authorize you to proceed as you wish. If there are any other individuals involved in the inheritance, you should first agree with each other on that decision. You can then file a petition requesting the court to allow you to sell the property.

You should then consider how much tax you are to pay. This will be paid against the capital gains or losses resulting from the sale of the house. You can call Texas Cash Investor now at (281) 214-6200 to undertake a smooth and legitimate sale of your home. We are local here in Houston TX and we know the market here better than anyone else. If you are still asking yourself what are the tax consequences when selling a house I inherited in Houston, then we would be happy to discuss it with you in more detail.

Selling an inherited house can relieve you of quite a burden. In addition to that, selling the property to an investor is a basic simple and fast process. Contact us for inquiries on how to go about things when selling your home in Houston and we will be glad to help you.

Just fill out the form through this link to get a FAST FAIR
Cash Offer On Your TX House >>

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Inheriting a house is one of the few big surprises that life brings us sometimes. But what happens when you inherit a house in TX? As much as you may want to keep an inherited house, sometimes you may be forced to consider putting it up for sale. Well, selling an inherited house can be a demanding task, but definitely not impossible! With the right information and assistance from Texas Cash Investor , you should have no problems selling your inherited house. So where does the difficulty come from selling an inherited house in TX?

Exactly what happens when you inherit a house in TX?

There are a number of factors that should be taken into consideration when planning to sell an inherited house in TX. Some of these factors include…

• Dealing with the emotional aspect of selling a loved one’s home
• The financial cost of making the necessary updates intended to attract buyers
• Dealing with potential costly liens and other hidden challenges

First thing, get ready for a rollercoaster of emotions

Selling a loved one’s house can be such an emotionally draining activity… This really cannot be stressed enough. The activity may involve removing his or her stuff, depersonalizing everything even more.

When our emotions get carried away, we often don’t make the best business decisions. Times like that are when you need people with experience buying and selling probate homes in TX to help walk you calmly through the whole process.

Negotiating and managing the selling process

And other times, one might have to deal with expensive liens or other problems that don’t become apparent right away. Regarding these things, disagreements among your siblings might arise about the selling price of the house.

Apart from that, you will have to meet the financial cost needed for making the required updates to make potential buyers aware of and (hopefully) interested in your inherited house. There are also legal and taxation aspects of the sale that you must understand to make the sale successful.

These are the major problems that potential inherited house sellers have to deal with. Unless you are a professional in this area, the process can be tiring and daunting.

Now you know what happens when you inherit a house in TX. This explains why you need to seek the help of real estate professionals who have had experience helping people sell their inherited houses. If you are considering selling your TX inherited house now or in the next few days or months, then you are better off speaking to one of our real estate experts. He or she will come in handy extremely to help make the process as simplified as possible. Give Texas Cash Investor a call now at (281) 214-6200.

As a matter of fact, some of our real estate investors will be more than willing to buy your house if it meets their expectations.

We’ll Buy Your Inherited House In 7 Days Or Less:
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If you’re thinking of selling your house using owner financing, make sure you read this blog post to learn the 6 owner financing tips for sellers in Houston…

There are many ways to sell your house. You could list it on the market and see what sellers will pay. You could work with a real estate buying company (like what we do here at Texas Cash Investor ) and get a fair all-cash offer, or you can consider owner financing and “be the bank” to sell your house to a buyer and collect payments over time.

Owner financing is a valuable but under-used strategy to sell your house. It’s where you offer terms to the buyer to pay you regular payments (just like a mortgage). Here are 6 owner financing tips for sellers in Houston…
Owner Financing Tip #1: Don’t Focus Only On Price

Price is just one component. Of course, you’ll want to find a price that is fair for both of you but there are other considerations as well (which could benefit you more than the asking price).
Owner Financing Tip #2: Timeline

Think about the timeline you want to be paid in. Banks might offer 5, 10, 15, 20, and 25-year mortgages. Do you want to accept payments over that period of time? Your buyer will want to find a timeline that works for them, too: they might not want to be paying you 25 years down the road!
Owner Financing Tip #3: Terms

The terms of the deal are one of the most important yet most overlooked parts of the deal. The terms might include things like how much down payment you want if there’s an early repayment penalty or a late payment penalty, and most important – how much interest you charge.
Owner Financing Tip #4: Protect Yourself

Even if you enter into an agreement with someone who is completely trustworthy, things could still go wrong – so make sure you protect yourself. For example, make sure you have insurance and the other person does as well for the various situations that could occur. And consider including a clause that retains the ownership of the house in your name until the house is fully paid.
Owner Financing Tip #5: Build Contingencies

Most of your owner financing agreement will be built around the “ideal plan” – of what would happen if everything goes perfectly. But sometimes things happen outside of our control, so building contingencies allow you to make better decisions if the unexpected happens. For example, what if the buyer no longer wants the house, or can longer pay, or wants to pay early, or wants to use the house in a different way than expected? Or what if your circumstances change and you no longer want to sell or you need to sell even faster? Agree to the contingencies with your buyer ahead of time and the arrangement will be so much smoother.
Owner Financing Tip #6: Get An Attorney

No matter how you ultimately structure your owner financing deal, make sure you work closely with an attorney who can help you. A poorly worded agreement could end up hurting you; an attorney can help.
Are you thinking about selling your house?
If you’re thinking of selling and are exploring your options, consider selling directly to us. If you don’t want to go through the hassle and headache of selling to the market then we might be able to help. Call our team at (281) 214-6200 or click here now and fill out the form and we’ll give you a fair all-cash offer on your house.

If you’re thinking about selling your house then you are probably trying to figure out what your selling price might be. Part of that process is getting an appraisal (or valuation) on your home. So, if you’re wondering, “Can appraisals affect the selling price on a house in Houston?” then keep reading…

When selling your house, you’ll be juggling a lot of numbers!

There’s the asking price – the price you WANT to sell your house for
There’s the appraisal or valuation – the price that a real estate professional thinks you should try to sell your house for
There’s the selling price – the price that someone will ultimately pay for your house.

Can Appraisals Affect The Selling Price On A House?

Here’s the answer:

An appraisal should probably affect your asking price but it won’t affect the selling the price. Here’s why…

An appraisal is an educated guess. When you want an appraisal, the professional who gives you the appraisal will usually find the number based on what other comparable houses in the area have sold for recently.

They’ll look at several factors (including, but not limited to the number of bedrooms or bathrooms, whether the basement is finished or not, etc.). Of course, it’s just an educated guess based on research, and there are other factors that may influence the price beyond the appraisal.

The appraisal will highlight things you want to be aware of. It will show you what other people are willing to pay for a house and often what they consider to be important factors in the area.

The appraisal will then help you select an asking price that potential buyers seem willing to pay. For example, you might choose an asking price that is higher than the appraisal because your house is a better house, or you might choose an asking price that is lower than the appraisal because your house needs some work.
The Bottom Line

The appraisal is a guide; an educated guess. But you should also be aware that the appraisal is not always correct. There are many factors that determine the sale price of a house and an appraisal is only a starting point. Therefore, it won’t likely influence the selling price.
Are you thinking about selling your house?

Why bother with an appraisal at all? Why bother with showing your house to a bunch of strangers, and waiting month while they decide whether or not they want to buy. You can get a fair all-cash offer from us to buy your house fast… and then you don’t have to worry about getting an appraisal, or listing the house, or showing your house, or negotiating. Just pick up the phone and give our team a call at (281) 214-6200 or click here now and enter your information into the form.

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If you’re thinking of selling, you’ll likely connect with people who want to help. Some will be agents and some will be investors. Check out this blog post to read about 3 ways to tell real estate agents and investors apart in Houston, and help you understand why you might want to work with one versus the other…

Thinking about selling your house? You might be approached by a bunch of different people who all offer to help you sell. But not everyone who offers to help will help in the same way. Some are real estate agents, other are real estate investors and they’ll help you in different ways. Here are 3 ways to tell real estate agents and investors apart in Houston.
Ways To Tell Real Estate Agents And Investors Apart In Houston: List Versus Buy

The easiest way to tell agents from investors is to ask what they are going to do with your house – list it or buy it. A real estate agent will list your house on a listing service and they’ll try to find a buyer. They might need to show it to several people in order to find one buyer.

An investor, on the other hand, isn’t going to list your house – the investor is a buyer and they will buy your house from you directly. (That’s what we do at Texas Cash Investor – we’re buyers and we buy houses in Houston. If you want to sell your house, click here and enter your information to find out how much we can pay).
Ways To Tell Real Estate Agents And Investors Apart In Houston: Timeline To Sell

The next way to tell an agent apart from an investor is to ask about their timeline to buy. An agent won’t know because they have to find the buyer first. In many cases, they might be looking at 3-12 months during which they’ll show the house to multiple potential buyers.

An investor, though, will know exactly how long it will take to buy your house since they’re the ones who will buy it. They will have an exact timeline (which could depend on you and how quickly you want to sell).
Ways To Tell Real Estate Agents And Investors Apart In Houston: Commission Versus No Commission

This one is crucial! An agent makes their money when they find a buyer and then you have to pay them a commission on the house (which could be somewhere around 6% of the sale price… or $6,000 on a $100,000 house).

An investor, however, isn’t listing your house so there aren’t any commissions. That’s because an investor will make money by either renting the house to a tenant or fixing up the house and selling it… so they make their money in a different way.

There are other ways to tell an agent or investor apart. The best thing to do is just ask… they’ll tell you!
If you’ve read this post and decided to see what an investor can pay for your house, get in touch with us. Click here and enter your info, or pick up the phone and call our team at (281) 214-6200.

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Are you trying to decide whether to sell or keep your inherited property in Houston? It can be frustrating spending money on a house in order to sell it, especially one that wasn’t yours. In our latest post, we help you learn more about your selling options!

Whether or not you knew about the inheritance, you might be faced with some unexpected challenges once the property is in your name. Owning a house can be expensive. The bills, the taxes, the maintenance, and the unexpected repairs can come as a shock. As any investor will tell you, the longer you own it, the more it is costing you. Before you make a decision about whether to sell or keep the inherited property, ask yourself a few questions. Take the time to learn about the market and the property in question, to better help with your decision. Below, we will offer some tips to help you determine if you should keep or sell your inherited property in Houston. Will will also offer some insight into the best ways to sell.
Ask Yourself These Questions
Do you have a use for the property?

Holding onto it for sentimental reasons is fine if that’s what you want to do, but don’t feel as if you are obligated to keep the house. Only keep the property if you have a sincere use for it. There is no sense in holding onto a property that will just end up sitting there.
Are there other owners?

If there are other owners of the property, you will all need to sit down and come to a consensus. Work together to decide if the home should be kept or sold. If there is an odd man out, consider buying them out as not to cause further disagreement. Remember, it is just a house, and the person who passed it down to you would never want to see their gift become an argument.
If you decide you want to sell, how much can you spend upfront?

If the home has not yet been cleared out, that should happen first and foremost. A traditional property listing will come with some upfront costs. You’ll likely need to make some repairs to the house and have it professionally cleaned. It’s tricky making repairs to a house you’ve never owned. You may not know what you’re getting into. You don’t want to find yourself down a rabbit hole, spending thousands and thousands on a house you want to sell anyway. Depending on how you decide to sell, you could face not only repair costs but costs for marketing too.
Ways To Sell
List It

Listing your inherited property in Houston will require you to get the property ready for the MLS. Take a look at what other homes are selling for, and how your property stacks up. Be realistic with your prices, and don’t spend too much over-improving. When you list an inherited home, you may feel frustrated to suddenly have to spend money selling a house that isn’t yours.
Sell On Your Own

Selling the house using an FSBO listing will save you on the commission, but you will still need to pay for cleaning repairs, marketing, and other selling costs. In most cases, selling on your own to a regular buyer will take longer and ultimately put less in your pocket.
Sell To An Investor

When you sell your inherited property to Texas Cash Investor , you will not need to spend a dime out of pocket. Nor will you have to pay expensive commissions, agent fees, or administrative costs. By selling the property directly, you will be able to quickly receive your profits and move on from the house without spending months making repairs and waiting for the property to sell.
To learn more about whether to sell or keep your inherited property in Houston, reach out to us! We are happy to answer any questions you have. (281) 214-6200

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There are many reasons why people sell their homes, but one of the most popular is that they want to downsize or move into a smaller home. You may be wondering…

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When selling your Houston home, you will want to have everything working in your favor. Here are tactics using psychology to sell your home fast!