Find Cash Home Buyers in Austin for a Fast, Simple Sale

How much will Austin cash house buyers pay?

If you’re dealing with a cash buyer in Austin, expect an offer to be less than you’d see from an agent-assisted sale. “As a rule of thumb,” Hoeke says, “I determine the value based on 70% ARV (After Repair Value).”

Cash-for-home companies and investors often referred to this as the “70% Rule,” meaning they will offer you about 70% of your home’s after-repair value (ARV) and then deduct their estimated repair costs. A simplified formula might look like this: (Your home’s ARV x .70) – repair costs.

However, different types of house-buying companies will offer varying amounts for homes. As our list above illustrates, there are many types of cash home buyers in Austin. There are also national iBuyers who tend to pay more than investors and “we buy houses” companies because iBuyers look for homes in better condition. An iBuyer might pay you 85% or more of market value while charging a fee for their services, often around 5% or higher.

A home’s value, and thus the offer price, can be decreased by the extent of damage. Put another way, the cost of repairs necessary to make it sellable. “Deferred maintenance can result in a lower price,” Speed says. So can neighborhood-specific comparable sales (called “comps”) that are low.

According to Hoeke, other things can impact the amount of the offer you might receive from a cash-for-homes company, such as the interest rate. In a cooling market, prices and values can come down.

Before committing to a cash home buyer company in Austin, HomeLight suggests consulting with a top local real estate agent to get a better idea of what your home might be worth if sold on the open market. Then compare cash offers to what an effective realtor might be able to get for your home.

HomeLight can connect you with a top-performing agent in Austin. You can also use HomeLight’s free Home Value Estimator right now to get an initial ballpark estimate of your home’s worth in less than two minutes.

Benefits of selling to a cash buyer in Austin

Although the cash offer you receive may be lower than one from a traditional agent-assisted home sale on the open market, there are benefits of working with a cash home buyer in Austin, especially if you need a fast, no-hassle sale. For example:

• Speedy transaction: You can sell your house in as few as seven days. “It can be sooner,” Hoeke says. He has done some deals in one to three days.
• Flexible closing date: Closing can take place faster than the traditional sale. The majority of housebuying companies accommodate the seller’s timeline, allowing residents to prepare financially and logistically for the move.
• Guaranteed buyer: With a pre-offer walk-through, a cash home buyer can typically provide a firm cash offer that comes with few, if any, contingencies.
• No repairs: If your home is in need of repairs you can’t afford or don’t want to deal with, you can skip them.
• Less hassle: Skip showings and open houses. You don’t have to deal with negotiating offers, low appraisals, or the risk of a buyer’s financing falling through. When you work with a reputable cash home buyer in Austin, you’re likely going to appreciate a smooth experience from offer to close.
• No additional fees: No agent means no commission. Many house-buying companies will also pay your closing costs.
• No cleaning out: “If your house is full of junk, you don’t have to worry about moving all that out,” Hoeke points out.

What’s the process of selling a house for cash in Austin?

According to Hoeke, the process of selling a house for cash in Austin follows the same general steps as a traditional home sale, although it typically happens much faster.

“The biggest difference is there’s no lender to communicate with,” Speed says. “No pre-qualifying for a loan. There’s less uncertainty.” Instead, however, he advises sellers to validate cash buyers for proof of funds.

Texas requires a disclosure notice. One of two forms must be submitted before or on the same day the purchase contract goes into effect: either the form approved by the Texas Real Estate Commission (TREC) or one from the Texas Association of Realtors, which is available to members of the organization.

Special Texas disclosures include an Oak Wilt clause regarding any diseased trees on the property. However, under Texas Property Code section 5.008, some properties are exempt, such as inherited and foreclosed properties.

Speed says additional municipal disclosures, such as tax jurisdiction, may be required based on location. If the seller has made any modifications to the home’s footprint, a T-47 affidavit must be provided.

In addition to state-required disclosures, Hoeke discloses to sellers that he is a licensed Realtor®.

What’s the timeline for a cash sale in Austin?

The average time to complete a cash home sale in Austin is seven days. However, “if there’s no issue with title commitment,” Hoeke says it can sometimes be done in one to three days.

How do I find cash buyers in Austin?

Finding a reliable cash buyer on your own can be overwhelming. If you need to sell quickly and smoothly, you’ll want to find a trusted Austin cash home buyer.

To get started, HomeLight’s Simple Sale platform makes it easy and safe to receive a convenient, no-obligation cash offer in Austin. The tool connects you to one of the country’s largest networks of cash buyers.

Here’s how it works:

1. Enter the address of your Austin home.
Answer a few quick questions about the property. Is it a townhome in Barton Hills or a Queen Anne in Hyde Park?

Does it need a little work, a lot of work, or none at all? How soon are you looking to sell? It could be ASAP or in six months. Our easy questionnaire makes getting set up on the platform a breeze.

2. We’ll provide an all-cash offer within 24 hours.
You won’t be obligated to accept any offer you receive. In addition, HomeLight can introduce you to a top real estate agent in your neighborhood for an expert opinion on what your home is worth if sold on the open market. It’s good to know your options.

3. You sell your house in its current condition.
There are no additional repairs, prep costs, agent commissions, or hidden fees. This can save you time and money. On average, the cost to sell a house in Texas is 7% or more of the final sale price.

If we follow the state’s median home price, which is $455,000, you’ll pay about $31,850 when you sell your property. You may pay more if your house requires significant repairs. But with Simple Sale, you’ll get a full cash offer for your home regardless of its condition.

4. You can sell your house fast for cash in as few as 10 days.
A 10-day closing translates as selling your home around five times faster than you would with a buyer who needs traditional financing. According to data from ICE Mortgage Technology, purchase loans take an average of 44 days to close. With a cash offer provided through HomeLight, you’ll also have the ability to pick a move date that works best for your schedule. That’s the ease of Simple Sale!

If you have the time and energy to search for cash buyers on your own, Austin real estate experts offer these tips:

• Find an investor-savvy real estate agent who is active in the local investor community, as they can help you connect with cash buyers even if your objective is to avoid the conventional listing process. Top real estate agents have networks that include house flippers and landlords looking for their next investment property, so they’ll have the inside track to finding cash buyers. They’ll also know if your home aligns with an investor’s buy-box or their parameters around the condition, price point, and location of homes they usually purchase.
• Contact local real estate investor clubs on Facebook and other sites to locate cash buyers close to home.
• Call rental management companies that may work for mom-and-pop investors. They might put you in touch with potential buyers who are looking for additional properties in your area.
• Ask local title companies and real estate attorneys for referrals of reputable investors they’ve already vetted and have done deals with in the past.
• Drive around your neighborhood to find homes being renovated. Look for dumpsters, permit boxes, or contractor signs. Talk to contractors and find out the name of the investor they are working for or if they are flipping the house themselves.
• Be on the lookout for vacant homes in your development that are undergoing renovations. These are likely owned by flippers, so leave a note with your contact information.
• If you need to sell in a hurry and aren’t concerned about leaving money on the table, slashing your price could be a surefire way to get the attention of cash buyers.

Selling your house for cash in Austin

Selling your Austin home can be stressful, especially if you’re facing an imminent financial demand or a moving-date deadline.

Fortunately, there are individual buyers and investors willing to pay cash for your home in Austin, although Speed says it can be difficult to distinguish between them when looking for a cash buyer. That’s why he suggests a platform like Simple Sale, where you’ll also see price estimates of what you might receive if you sell through a top local real estate agent.

Whether you’re selling a pristine Craftsman bungalow in Crestview or a Spanish Revival in East Austin that needs a major overhaul, you can request an offer from one of the trusted cash home buyers in Austin whenever you’re ready to move.

Writer Julie Guthmann contributed to this story.

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