We all know it’s bad out there…With the severe credit crisis and the declining housing market, Fox, CNN, MSNBC, and even the President remind us of our struggles daily. Home foreclosures are at an all time high, even in my neighborhood in Austin Texas with many more foreclosures predicted to come. Housing resale values are at all time lows with no end in sight. Even the banks are going bankrupt as many Americans no longer qualify for credit.
Because of the recent credit crisis, many people don’t qualify for a new loan to buy a house right now, despite the incredibly low housing prices. Many home sellers can’t sell their unwanted houses because they owe more than their house is worth due to falling house prices. Many sellers can’t even rent their houses out for enough to cover their mortgage payments, taxes and insurance resulting in severe negative cash flow that bleeds then dry month after month. To make matters worse, many tenants end up trashing the house when they move out making it even more difficult and expensive to sell.
If they list their house with a real estate agent, their house will likely sit on the market for a long, long time waiting to sell since the buyers seem to have magically disappeared. Even if the house does finally sell one day at a greatly REDUCED price to get it sold, the owner has to pay a 6% real estate commission plus the majority of the closing costs. This often results in the seller 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 fast in this depressed economy and housing market when many folks can’t get a loan? By trial and error, I discovered the following 3 alternatives to try to sell my Austin TX home quickly…
1. I tried to sell my house in Austin “For Sale by Owner” aka “FSBO”.
At first, selling my house by myself sounded easy enough, but it soon became my worst nightmare! What went wrong:
- At first I didn’t know how to attract buyers that might be interested in purchasing a home in Buford Georgia…The For Sale By Owner sign in the yard wasn’t working.
- I ended up spending a fortune placing classifieds in the local paper which resulted in few potential buyers.
- Those that did respond wanted to see my house at all different hours of the 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 picked up, only to have them flake out and not show up!
- Other times I had some pretty scary people show up with their rowdy kids in tow, trampling through my home.
I never did find my ideal buyer. Even if I did, I had no idea how to get them qualified, how to handle all the purchase and sale paperwork or how to get the house closed. I said “There has to be a better way to sell my home!” and I was determined to find it.
2. I listed my house for sale with a local Austin real estate agent.
I called an agent from a local, seemingly reputable, real estate agency and made an appointment for her to come out and see the property. The agent sounded like she really knew what she was talking about and got me really excited about the prospect of selling my home quickly. She said she would list my house in the MLS, on dozens of real estate sites throughout Texas, advertise my house in the local paper and other print publications, do multiple open houses, put out signs, balloons, flyers in an information box and went on and on about how she could sell my home and still get top dollar. How could I refuse? I didn’t.
I listed my house and waited, and waited and waited. The agent put the house on the MLS, but the market was pretty tough and, despite her best efforts, six months later, I still didn’t have a buyer. Meanwhile, my house had not only decreased in value because it would not sell for the list price, which had been reduced repeatedly, but also because of all the other listed houses and foreclosures on the market in my area of Austin. At this point, I was all out of ideas and praying for a solution. About that time, someone at my church told me about RedBuysHouses.com.
3. I contacted a local, professional home buyer from Austin, Texas.
My friend from church told me that she had similar problems selling her Austin house, but that she had contacted a local professional home buyer who bought her house in under a week! What? Is this possible? Could I sell my Austin Texas house in 7 days or less, too? She said there are professional house buyers out there, also known as “real estate investors”, who buy and sell real estate for investment purposes. You’ve probably seen their “We Buy Houses” advertisements around town but never gave them much thought. These are people who buy houses professionally and are always actively looking for more houses to buy. She gave me their phone number and web address (Locally 512-945-6006, website: www.RedBuysHouses.com) and I contacted them ASAP. A local Austin home buyer from there called me and said that if my house qualified and if I was flexible on price or terms, that they may be able to buy my house in the next 7 days or less. She said depending on my situation that they may be able to pay all cash, pay some cash now and some cash later or take over my mortgage payments giving me immediate debt relief. At this point I was definitely flexible and had nothing to lose by scheduling an appointment for them to come see my home and possibly allow me to sell my Austin Texas house fast!
So I scheduled the appointment with the Austin home buyer and she came out and inspected my home. She said it was just what they were looking for and that she had several buyers looking for a similar home. I was ecstatic! She made me several offers to buy my house as promised. I chose the offer that best suited my needs and we scheduled a closing the following week with a local real estate closing attorney. It was that fast and that simple to finally sell my house in Austin! I still can’t get over it. After waiting two years trying to sell my house on my own and through a licensed agent, I was able to sell my house in less than 7 days to a local professional home buying company!
If you have an unwanted Austin Texas house you need to sell fast, call 512-945-6006 or visit www.RedBuysHouses.com and complete their online Seller Questionnaire for a FREE, no obligation consultation. You have nothing to lose by contacting them and everything to gain. I was able to sell my Austin home fast and you can too!
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One of my favorite tv shows! If you haven’t seen it yet, go check it out! Sorry the video is a bit longer than you’re probably use to. Also, sorry we made fun of you Miley Cyrus, we actually think your singing is amazingly amazing. Performed By: Tim Enos Tarynn Nago Sean Fujiyoshi Ryan Higa Written by: Ryan Higa Theme song: “Teardrop” recreated by Ryan Higa (FL Studio) Produced by: Gerald “The Cane” Twitter: www.twitter.com Myspace: www.myspace.com Facebook www.facebook.com
Help answer the question about house
House?????What is the name of the episode of House where House lifts up a girl's gown and finds a tick between her legs?
http://sidereel.com/house
Season 2 Episode 16 Safe starring Michelle Tractenberg as the girl whose gown he looks up.
ooommmggg i effin love “lisa cuddy” she is supperr HOT!!!!! i would love to smash that! ;]
“seriously i speak english” hahaha
showing me the working!
haahahaha
I love how Hugh Laurie doesn’t break from his American accent hardly ever. perfect for the role, love himmm
did house fart at 0:38? o.o
Couldn’t see Lisa and Hugh at 1:15. That was 100% Cuddy and House =D
I'm a big fan of vinegar. It absorbs a lot of odors, especially if they have an accident. Giving a dog regular baths makes a big difference in odor as well. A lot of that dog smell is unwashed dog, probably.
WOW!!!! these bloopers are the BEST!!!!!
it’s great to see House actually being nice and funny…XD
cedar. Smooth side on the inside, rough side on the outside.
Cedar is durable and insect resistant.
Just a little upkeep every day. Clean messes as you go don't let them accumulate, wash a load or 2 of clothes daily don't' let them pile up. Keep the dishwasher ready to load keep filling it even if it takes more that a day or 2 then wash when it is full. Swifter the floor daily or every other day about 5 minutes. Vacuum once a week Just do a little something different every day like lightly dusting one day, Change bed linens all at the same time throw them in the wash one day. Just keep it on the steady and enjoy more free time!
I LOVE THESE BLOOPERS!!! Awesome! cheers me up
jennifer morrison tripping loooool! and ‘i speak English’ looooooooool
I LOVE THESE BLOOPERS!!! Awesome! cheers me up
Yes, he did.
At the end, Foreman fixed 13's IV drip. He told the nurse it was loose, and she said the medication smelled bad. He said he didn't notice a smell. Then the nurse said that she (13) must be on the placebo. … So, 13 is getting the placebo in the drug trial, not the real medication.
-Oh, motherf*cker.
-Cut!
-NO!
You should re-invest it in rental property. Then it becomes a buisiness and a write-off.
You can make an offer on another house contingent on the sale of your current home, it might be hard because the seller of the other home will loose valuable Marketing Time since they have to take the house off the market. If you try to go this route you might want to provide the seller with proof that your home is currently listed with a Realtor and also provide a CMA that shows that your home is priced to sell.
Depends on the area and Market Situation in your local Area, ERA Real Estate is offering a program for exactly this situation. They have a plan "seller security plan" and garanty (if your market and house qualifies) that they will buy your home for an agreed amount after a certain time if it is listed with an ERA Agent, priced right and qualifies.
Should your home or market not qualify for this program ERA Mortgage might be able offer a bridge loan until the other home sells to purchase the other home. But you might be able to get a bridge loan from any other Mortgage Broker or Bank as well without using ERA. For more info you can check: http://www.era.com or talk to a local bank or mortgage broker.
I live in the mid-atlantic. In 1988, we bought a townhouse for 92,500. The neighbors had bought theirs the year before for 130K. The prices stayed stagnant, even as other neighborhoods rose, because our townhouses were older. However, as all the land along our highway exit got built out, the value of our townhouses was seen – close to the highway, but surrounded by woods, roomy inside, bigger yards, lots of open space. In 2001, we bought a neighbor's townhouse for 116K and started renting out ours for 850/mo. In 2003, we sold the rental for 175K. In 2005, we sold the house bought for 116 for 325K. People tried to keep those prices going up, and some people bought at 350 – 370. (Lots of those homes were wonderfully remodeled, with the granite and hardwoods and upgraded baths people seek here.) Now, nothing is selling at all. Makes it hard to know what the value of those houses is, then, but around 300K is probably right.
Bottom line – as long as the neighborhood isn't going to hell, isn't majority rental property, isn't near some terrible future development or landfill, then over time the values will go up. There will be temporary stagnations or even drops in value, but the trend is relentlessly upward. You want to get in as soon as you can – as long as you don't buy at the top of the market. How to judge that? It's a guess, but you can make it an educated guess. Best options, if you have skills or money to spare, would be to get a fixer upper. If you can get the worst house in a good neighborhood, you can increase its value even while the market is stagnant. As soon as you can, get a rental property and start reaping those tax rewards.
it's not for nothing that the person you pay the rent check to is called the landLORD.