Stonehouse Property Solutions

Richmond, TX, 77407 | 832-463-1651

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Real Estate Help When You Need It

SELL PROPERTY NOW

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SELL PROPERTY NOW

First Name
Last Name
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Phone
Alternate Phone
Baths
Zip Code
Address
State
Beds
Additional Comments

Tell us about the property you are selling

832 463 1651

Fast Cash Sale


The fastest way to sell any property is to sell it to a CASH buyer. This is because the cash buyer does not need to get qualified and approved for a loan, wait for inspections, or wait for loan documents to be drawn up (which can take 45 days or more). Cash buyers can make decisions quickly. Cash buyers can also take care of all closing costs, back payments, liens, or taxes, or whatever it takes to get the deal closed. A non-cash buyer typically requires 30-60 days or more to close on a property - most of that time is spent waiting for the lender to approve everything. Additionally, lenders always require inspections, surveys, an appraisal, and possibly even repairs that cash buyers do not require. A cash buyer can close virtually immediately.


Virtually 100% of cash buyers are investors that are buying the property so that it can eventually be resold. This "flipping" of the property means that the cash buyer has certain overhead expenses that must be covered in the transaction.


For example, the cash buyer will have to pay the following expenses:


* Closing costs on the purchase (~2% of sales price)


* Commissions on the resale (~6% of sales price)


* Closing costs on the resale (~3% of sales price)


* Monthly carrying costs until the property is resold (~4-5% of sales price, total)


* Necessary repairs/remodeling ($5-10K to $100K+)


These costs typically total to ~15% or more of the resale value of the property, which means that cash buyers can only afford to buy the property at 60% to 70% of its full market value in order to make a modest profit of typically 15% (of the resale price).


When you see a sign saying "I Buy Houses For Cash" it means "I'll pay you up to 70% of the property’s value, and do it fast". For some people, such as sellers with lots of equity that need or want money quickly, this is a great deal. For others with little or no equity, this is not an option. For those with modest equity, or that want or need to make more money selling the property (and have the time to explore other options), this is probably not the best option. Stonehouse Property Solutions will buy your property for cash and offer you several other options. Contact Us if you would like to explore this further.


Fast Cash Sale Example


- Current Appraised Property Value: $100,000


- Existing loan(s) payoff: $45,000


- Repairs needed: $5,000 (good condition)


- Sales price: $65,000 (70% x $100K minus $5K)


- Note: Seller does not have to pay commissions, most closing costs, etc. Close in <7 days.


Fast Cash Sale Advantages and Disadvantages


The advantage of a cash sale is SPEED and no hassles, closing costs, repairs, and no banks to get in the way and slow the process down. The property sells FAST and in it’s as-is condition.


The disadvantage of a cash sale is a lower sales price. Of course, this is somewhat offset by the fact that the seller is not paying commissions and closing cost, and because it sells fast, the seller is immediately relieved of having to pay the monthly mortgage, which may be very significant. This is the property selling equivalent to winning the lottery and taking the lump sum cash payment up front.


Common Questions About Fast Cash Sales


Question: How quickly can I sell a property?


Answer: In as little as 2-3 days. Typically a week. It can be as little as 1 day in cases where the property is scheduled for foreclosure. It can take longer, in cases where there are title (ownership) issues.


Question: Does everyone on the deed have to agree to the sale?


Answer: Yes, unless one party has a divorce decree or other agreement allowing them to sell the property unilaterally.


Question: Is the price negotiable?


Answer: Everything is negotiable…..


However, Stonehouse Property Solutions, like all other cash buyers, is not going to pay more for the property than what they can afford – in other words for more than we could buy, renovate, and resell it for with a reasonable profit to cover risks and expenses.


Question: Why sell to Stonehouse Property Solutions?


Answer: Stonehouse Property Solutions uses standard Real Estate contracts, closes with title companies, and/or real estate attorneys, and adheres to the highest ethical standards when conducting real estate transactions. If you want to do something illegal - don't bother to call. If you want to SELL FAST for a FAIR PRICE contact us

STOP FORECLOSURE!

Don’s lose your home and credit!


Our goal is to help you avoid foreclosure and save your credit. We will help you to find the best possible Solution.



For free Consultation call: (832) 463-1651.

How does this process work?


Step 1 - Complete the Sell Your House form online or call our office at 832-463-1651


Step 2 - We will prepare one or more offers and quickly call you back to review and/or schedule a time to meet


Step 3 - Choose the offer you like or say "No thanks!" No pressure, no obligation!


That's it!



Our Guarantee


Stonehouse Property Solutions is uniquely different from other real estate solutions providers. Contact us and we guarantee the following:

1. We will always make you an immediate cash offer

2. We will also make you some creative offers that may be more beneficial to your situation and timeframe

3. We will also offer to list your home, with one of our affiliate agents, with our purchase offer as a back-up

4. Our offers are no-pressure, no-obligation

for houses
in any condition
832 463 1651