How To Sell Your House in Houston Without Sinking Any More Money Into It

Reviewed by Mark Lee

There are many reasons that homeowners are selling a house often drastic life changes, such as divorce or death, may leave many home sellers ready to walk away without looking back.

With interest rates low, it is a great time for them to find a new place to call home, especially if the local market in the Houston area supports a quick sale.

Many sellers have inherited a property that they either simply do not have the time or money to rehabilitate and no interest in living in the home.

Unfortunately, some sellers can no longer afford the upkeep, property taxes, or even their monthly mortgage any longer and are ready to sell the property quickly.

In order to avoid going into foreclosure proceedings ahead of ever-looming deadlines from their lender, a quick sale is called for.

No matter your reason, we’ll explore how to sell your house in Houston, Texas without sinking any more money into it so you can make informed decisions about the selling process, closing process, and ideal timeframe.

Sell Your House As-Is

By stating that your home is listed as-is is one proven way to sell your house in Houston without sinking any more money into it.

Many home buyers including real estate investors and cash buyers actively look for poor-condition or “needs-work” properties because they can trade repair costs for sweat equity and negotiate a fair price relative to fair market value.

When it comes to real estate transactions, any experienced agent or real estate professional will advise you that you must disclose all known issues with the property.

While you can market the property as-is and present the home in this condition, prospective buyers may still request an inspection, an appraisal, or advice from a real estate attorney.

Additionally, you are still at legal risk over issues that may appear after the home has sold, even if you weren’t aware of them so proper disclosures and using a reputable title company at closing help protect everyone.

Mention Renovation Loans

Whether you list your home yourself or you hire a full-service real estate broker/agent, highlighting renovation Home Loans in your marketing can help you sell your house in Houston without sinking any more money into it.

These programs depend on the borrower’s credit score, underwriting by mortgage lenders, and whether the projected rehab will improve resale value relative to the requested loan amount.

Be cautious with first-time buyers whose financing may be fragile; deals can fall through during the closing process if the lender, appraisal, or market conditions shift. Still, positioning the property for buyers using rehab financing can widen your pool of potential buyers without you tackling home repairs yourself.

Lower Asking Price

Another way to sell your house in Houston without sinking any more money into it is to ask a slightly lower price than similar properties. 

Often sellers will add in room for bargaining in counteroffers.

When you are calculating your numbers, do not forget to include the costs of sitting in your home at a higher price for a longer period of time.

Likewise, consider the possibilities of paying for two households if you are selling due to forced relocation.

When it comes to the fast pace of today’s market and savvy online buyers, you are better off to skip playing games with the sales price.

By starting off with your real asking price, you are very likely to quickly attract more buyers. 

Show That House

While it can be uncomfortable to have strangers touring your Houston home, showings are an inevitable part of the home-selling process.

Consistently keeping the property ready clean entry, tidy front door area for a strong first impression, light home staging helps you compete with other active listings.

Being flexible with access (including short-notice showings and open houses) can be the fastest way to reach serious prospective buyers who are ready to write now.

Hearing there’s a long lead time to view can be a turn-off; your willingness to cooperate on access, target a realistic closing date, and respond quickly by phone number or email can give you the upper hand without pouring more cash into the property.

To work with Absolute Properties or to simply learn more contact us by clicking here.