I know that most of my posts focus on Killeen but for those who need to know how to sell a distressed property in Temple, we’ve definitely got some options for you too! Granted, most of my other posts apply anywhere in Central Texas but today we are going to focus specifically on Temple.
So, lets be honest, if you are reading this you are probably looking to avoid a traditional sale with an agent. There are lots of reasons why (repairs are needed, you want to avoid commissions, you are living out of state, etc.) but the bottom line is you have weighed your options Traditional listings for this type of property are not suggested as they don’t attract most buyers, take far too long, and are too costly for most owners of a distressed property.
Life can bring unexpected changes that leave you searching for solutions. Homes can fall into states of disrepair that are far beyond the owner’s capacity to handle. There could have been a death, divorce, illness, or job loss, leading to lost income or a forced relocation at play.
Let’s dive into some of the options to sell a distressed, vacant or property that just needs to get gone in Temple. For the sake of this article we will assume that you have weighed the options and want to avoid an agent but just in case you haven’t, here’s a little info to help you decide.
Selling a distressed property in Temple on your own may sound appealing because you’re in charge. Additionally, you won’t be responsible for an agent or auctioneer fees, which can negatively impact your bottom line on the sale. If you’re knowledgeable on marketing and all of the legalities involved, while you may need to invest a great deal of time, you can save money by handling everything yourself plus, lets face it, we all like being in control.
https://www.reddit.com/r/realtors/comments/el9iz4/why_i_think_fsbo_is_a_terrible_idea_and_why_i/Unfortunately, the reality is that it isn’t as easy as most people think. You need good pricing data (no, zillow doesn’t count!), a head for negotiations and, quite frankly, the self awareness to recognize the true value of the house in “as-is” condition. inexperience in marketing and the legal details, selling on their own often leads owners to failure. Not only don’t they realize the highest profit on their property through (houses sold by owners typically sell for less than houses listed on market). Also, it’s pretty well documented that realtors do not like to show FSBO houses as they often feel stuck having to do all of the paperwork and fight for a commission, which like it or not, is how they get paid.
Liberty Home Buyers – Temple TX
There are always two sides to everything and this holds true when considering how to sell a distressed property in Temple and I truly believe we can be your best option when listing or selling it yourself don’t make sense. Let’s explore using the service of a professional cash buyer when you’re selling. Due to the nature of cash sales, you’ll benefit time-wise because of the ability to perform extremely quick closings. In fact, the best description I have ever heard of what we do is that you exchange money for convenience and time.
Additionally, the sale is as-is and there won’t be any downtime waiting for the right buyer. I talk to you personally, come make a real world, in person visit to the property and then give you an honest offer, explaining anything that doesn’t make sense. You will notbe required to make the investment of your precious time and money in repairs. Another advantage is you’re not carrying any legal risk, as with selling on your own and since Liberty home Buyers pays all of the closing costs, what we offer is what you get, no commissions, no fees.
Now, because I am taking all of the risks, and offering the advantages of cash sales, offers are typically below the prices being realized in the current real estate market for fully repaired, ready for move in houses. If you would like to find out more about how we make offers here is a quick breakdown.
A word to the wise, do your research on who you’re dealing with. Regrettably, there are unscrupulous buyers in the area who may try to take advantage of time or financial constraints they learn you’re up against. I am local and my reputation is everything in my business so I try to create win-win situations every time I work with a property owner. I can’t promise that it will work out but I can promise to be fair and honest. In fact, check out my reviews for an idea of how people feel about us.
Honestly, I am throwing this one in as a bonus as I’ve never had anyone actually try this out. It’s really only something that is done with highly desirable, expensive properties, land parcels, etc. Property auctions rarely imitate art, where fantastic prices are realized in movies and on television. Avoiding the headaches of showing your property is one of the favorable aspects of auctions. Additionally, these properties close within 30 to 40 days and sell as-is, so you won’t need to continue to pour time and money into repairs and upkeep of your distressed property in Temple.
While there are advantages to using a professional auctioneer, keep in mind the usual fee for their service is a rather high 10 percent of the final purchase price. Should the bidder be responsible for the auctioneer’s fee, lower bids overall are incentivized. Otherwise, you’ll be responsible for their fee, absorbing additional costs.
Due to the nature of auctions, the outcome isn’t guaranteed, you may be up against the issue of low attendance. There is also the innate competition when a high volume of properties is up for auction at the same time, leading to lower bids.
No matter which you choose, make educated decisions by taking the time to understand all of your options. Would you like to learn more about how we can help you sell a distressed property in Temple? Just call Liberty Home Buyers today at (512) 961-9943 or send us a message any time!