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Updated almost 2 years ago on . Most recent reply

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Allen Hodges
  • Beaumont, TX
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Requesting advice on selling houses for cash

Allen Hodges
  • Beaumont, TX
Posted

I have a single-family home rental property in Texas that I am considering selling that probably will not qualify for bank financing.  I would welcome advice on the experiences others might have about selling houses in Texas for cash to some of the bigger cash home buyers like "We buy ugly houses."  Thanks for your help!  

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Patricia Steiner
  • Real Estate Broker
  • Hyde Park Tampa, FL
3,861
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2,465
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Patricia Steiner
  • Real Estate Broker
  • Hyde Park Tampa, FL
Replied

Why not sell it yourself as a 'cash out transaction for the convenience of the seller and tenant." You can use a service to put in on the MLS, Zillow, or even hire a realtor (you can negotiate the commission fee). When you sell to an institutional seller like OpenDoor or the Ugly Guys, you sell at a larger discount than if you simply sold it on your own. I recommend trying to sell it yourself first and let the buyers - of all types - come to you.

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