How to sell a house in Texas |
Posted: August 14, 2019 |
Selling a home in Texas can be simple as long as you understand the process, prepare your home for sale and make sure the correct documents are ready to be signed. You can sell the house on your own, but it is better to be represented by a real estate agent or a lawyer. Step Prepare your house for sale. If repairs are needed, such as replacing carpentry or painting, be sure to finish it before showing it to an appraiser and open it to see it in general. First impressions are very important for a home buyer and an appraiser. Make sure the exterior and interior are in the best condition you can afford. Make sure windows, curtains and blinds are clean. Spray the house with a fragrance or air freshener. Make sure there is plenty of light inside the house during the day by opening the blinds and curtains. Make sure the lights are on if you show the house at night. Step Hire a real estate agent. In Texas, it is very important to have a person to represent you as a seller. In addition to making the buyer feel more comfortable, the real estate agent will act as your communicator with the potential buyer. The real estate agent will prepare figures for you and some of the legal documents for both parties. For example, one of the documents necessary to sell a house in Texas is the Notice of disclosure of the seller's property status. This will explain any problem, recent maintenance and any defect in the house so that the buyer knows the state of the house. Step Decide how much you want to sell the house. Your real estate agent will make the amount that other houses have sold in your neighborhood. Usually, there are room sizes and other features that will be included in the home information. You can decide a price to sell the house. It will depend on the additional features it may have compared to the other houses, such as a pool. You should also calculate in the price what improvements are needed compared to the other homes. Step Place your home in the real estate market. Your real estate agent will place you on a list of houses for sale that potential buyers will know through their real estate agents. You will then receive offers and may accept or decline the offer. If you reject the offer, your agent will send your counter offer to the buyer's agent. The buyer will decide whether or not to accept the amount. If the buyer does not want to pay so much, he can write an agreement called the Liquidation Damage Clause. In Texas, this is to protect the seller by keeping the money that was sacrificed in good faith if the buyer withdraws from the agreement. There are some exceptions in this case; The main one would be if the buyer does not pass the requirements for a loan. In this case, they did not decide to withdraw, the lender would not give them the opportunity to buy it. Step Once an offer is accepted, the house is evaluated. The fee for this goes into the closing costs for which the buyer is responsible. Step Go to sign and close at home. Once a buyer agrees on the price he is offering and finds a lender to grant him a loan, then he waits for the insurers to complete their paperwork. When the documentation is completed, the seller and the buyer will sign the title. In Texas, the title may have some stipulations that the buyer may not accept, such as a lien that is decided on your lender. Therefore, it is best to take the real estate agent or a lawyer to the signature of the title of the house for both parties. For closing, Texas requires the seller to pay transfer taxes, any remaining property taxes, one third of the appraisal cost, a title transfer tax and pay the agent commission. Step Finish selling your house. In Texas, the seller cannot stop selling the house once the contract with the real estate agent is signed. This agreement is called specific performance, which links the seller to the sales contract and must be fulfilled unless it cannot find a buyer. See More: www.cashfortxhousesnow.com
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