How can I sell my house in Austin, Texas FAST, even in this poor housing market! We all know it's bad there ... With the severe credit crunch and the housing market decline, Fox, CNN, MSNBC, and even the President remind us of our daily struggles. home foreclosures are at record levels, even in my neighborhood in Austin, Texas with many more seizures predicted to come. resale values of housing are at all time low with no end in sight. Even the banks go bankrupt as many Americans are no longer eligible for credit.
Due to the recent credit crisis, many people do not qualify for a new loan to buy a house now, despite the incredibly low price of housing. Many home sellers can not sell their houses undesirable because they owe more than their house is worth due to falling property prices. Many sellers can not even rent their houses for enough to cover their mortgage payments, taxes and insurance resulting negative cash flow serious bleeding, month after month dry. To make matters worse, many tenants eventually sacked the house when they move to make it even more difficult and expensive to sell.
If they list their home with an estate agent, their home will probably sit on the market for a long, long wait times to sell as buyers seem to have disappeared as if by magic. Even if the house does finally one day sale at a greatly reduced price for the sold, the owner must pay a commission to the estate of 6% plus the majority closing costs. The result is often the seller in writing a big, fat check at the closing table to finally get their house sold.
So what are my options to sell my house in Austin, Texas in this rapid economic depression and housing market where many people can not get a loan? " By trial and error, I discovered the following three options to try to sell my house fast Austin TX ...
1. I tried to sell my house in Austin "For Sale by Owner" aka "PART."
Initially, sell my house by myself seemed easy enough, but it quickly became my worst nightmare! What is the problem:
- At first I did not know how to attract buyers who might be interested in buying a home in Buford Georgia ... The Sale by Owner sign in the yard was not working.
- I ended up spending a fortune placing ads in the local newspaper which led to some potential buyers.
- Those who responded wanted to see my house any time of day or night. I was afraid to say no in fear of losing a potential buyer.
- I would have to keep my house clean and all the picks, only to have the glitter and not present!
- Other times, I had some pretty scary people come with their restless children in tow, trampling through my house.
I never found my ideal buyer. Even if I did, I had no idea how to get qualified, how to manage all the documents of purchase and sale or how to get the home closed. I said: "There must be a better way to sell my house!" and I was determined to find it.
2. I listed my house for sale with Austin local realtor.
I called a local agent of a seemingly reputable real estate agency and made an appointment for her to come see the property. The agent said she would not really knew what she was talking and I'm really excited to sell my house quickly. She said she would list my house in MLS, on dozens of real estate sites, across Texas, advertise my home in the local newspaper and other print publications, open to multiple, put out signs, balloons, leaflets in an information box and on and on how it could sell my house and still get top dollar. How could I refuse? I did not.
I listed my house and I waited and waited and waited. The agent put the house on the MLS, but the market has been quite difficult and, despite his best.
Posted on July 20, 2010.