The True Cost of Renovations vs. Selling As-Is in San Antonio: A Comparative Analysis

colbyjh3 on September 22, 2023

The True Cost of Renovations vs. Selling As-Is in San Antonio: A Comparative Analysis

Thinking of selling your house but it needs some repairs? Once you’ve lived in a house for several years or maybe you inherited a fixer-upper, whatever the case, if you’ve decided to sell you’re likely asking yourself this question: to renovate or to sell as-is?

As property values fluctuate and buyer preferences evolve, understanding the true cost implications of renovations versus selling a home in its current state in San Antonio is key. This decision not only affects how much money you can make from the sale but also determines how quickly a property might sell in the current real estate market.

The choice between investing in home improvements or embracing the “sell as-is” route can impact a homeowner’s financial trajectory and overall selling experience.

This article dives deep into the actual costs of both choices, offering homeowners a roadmap for navigating all of the factors that go into making this decision.

Understanding the Concept of 'Selling As-Is'

“Selling as-is” is a term that’s become increasingly common among San Antonio homeowners, but what does it really mean? When a homeowner chooses to sell their property “as-is,” they’re offering the property in its current condition, with no intentions of making any repairs or improvements before the sale. This means that what the buyer sees is essentially what they get.

From a legal standpoint, selling a property “as-is” in San Antonio—and, indeed, in many parts of the U.S.—still requires the seller to disclose any known defects or issues with the property.

It’s a protection mechanism for the buyer, ensuring they enter the transaction with eyes wide open, aware of any significant issues that the property might have. It doesn’t mean the seller doesn’t have the responsibility to be honest and upfront.

For the buyer, purchasing an “as-is” property can be both an opportunity and a challenge. As a result, many buyers will often insist on conducting thorough inspections, even when purchasing an “as-is” property in San Antonio, to gauge the scope of potential repairs and their associated costs.

The Real Cost of Common Home Renovations in San Antonio

When weighing the decision between renovating or selling your home “as-is,” it’s essential to get a clear picture of what potential renovations might cost. San Antonio, like many cities, has specific market nuances that can influence these costs. Let’s delve into the average expenses for some of the most common home renovations:

Kitchen Remodel

Average Cost: A minor kitchen remodel in San Antonio can range from $10,000 to $15,000. However, a major kitchen overhaul, with high-end appliances, custom cabinetry, and granite or quartz countertops, can skyrocket to anywhere between $50,000 to $70,000 or more.

Timeframe: Typically, a minor kitchen renovation might take 4-6 weeks, while a major remodel can extend to 10-12 weeks or longer.

Bathroom Upgrade

Average Cost: A basic bathroom renovation can start at around $5,000 to $7,000. If you’re considering a complete transformation with luxury fixtures, custom tiling, and maybe even expanding the space, you’re looking at costs upwards of $20,000 to $30,000.

Timeframe: Bathroom upgrades can span from 2 weeks for minor changes to 8-10 weeks for a complete transformation.

Roof Repairs

Average Cost: In San Antonio, roof repairs can vary significantly based on the size of the house and the type of roofing material. On average, homeowners might spend between $5,000 to $10,000 for roof replacements. Simple repairs, such as patching leaks, might cost a few hundred dollars.

Timeframe: Minor roof repairs can be done in a day or two, while a full roof replacement typically takes about a week, weather permitting.

Considering Overruns and Unexpected Expenses:

It’s a well-known fact that renovation projects often encounter unforeseen challenges. These might be hidden issues uncovered during the renovation, like plumbing problems behind walls during a bathroom upgrade, or structural issues when opening up a kitchen space. Such unexpected situations can lead to cost overruns of 10-20%, or even more in extreme cases.

It’s always wise for homeowners to set aside an additional contingency budget to cover these unforeseen expenses. Not only do these surprises impact the budget, but they can also extend the project’s timeline, causing further inconveniences.

Selling As-Is: The Financial and Time-Saving Benefits

Deciding between selling a house as-is versus making updates and repairs can be tough, and while renovations might seem like a promising way to add value to your property, there’s a growing appeal to the simplicity and straightforwardness of selling a home “as-is.” Let’s take a closer look at some of the benefits associated with this approach:

Faster Home-Selling Process:

Speed: Selling “as-is” often translates to a faster sale. Without the need to wait for renovations or repairs, listings can go live sooner, attracting potential buyers looking for homes they can customize according to their preferences.

Simplified Transactions: Direct cash home buyers, such as Capstone Homebuyers, often seek out “as-is” properties, facilitating more straightforward and efficient transactions without the typical hiccups or contingencies that can delay traditional sales.

Avoidance of Upfront Costs:

Immediate Savings: By choosing to sell as-is, homeowners can sidestep the large upfront expenses that come with repairs and renovations. This means no out-of-pocket costs for materials, labor, permits, or any unforeseen expenses that inevitably pop up during renovation projects.

Preserved Home Equity: Every dollar spent on renovations is a dollar taken from the potential equity earned from the property sale. Selling as-is allows homeowners to retain more of their property’s intrinsic value.

Emotional Benefits of a Hassle-Free Selling Process:

Reduced Stress: The home renovation process can be stressful, from managing contractors to living in a construction zone. Selling as-is eliminates these stressors, offering homeowners a more peaceful transition.

Certainty: Knowing that your home will sell in its current condition without the uncertainties of the renovation outcomes (which might not always result in making more money) provides a clear, predictable pathway to closing the sale.

Empowerment in Decision Making: The choice to sell as-is can be empowering for homeowners. It gives them control over the process, allowing them to decide what’s best for their unique circumstances without the pressures of market trends or aesthetic standards.

In essence, selling a home as-is in San Antonio isn’t just about financial prudence. It’s about understanding the value of time, the peace of a straightforward process, and the freedom from renovation hassles. For many, these benefits outweigh the potential gains of a renovated property sale, making “as-is” an attractive option for San Antonio homeowners.

Hidden Costs of Renovating Before Selling

Homeowners often start renovation projects with the best of intentions, hoping to increase the market value of their property. However, many fail to recognize the of hidden costs and potential pitfalls that can come with making repairs to a house.

Beyond the clear-cut expenses of materials and labor, let’s discuss some less obvious costs and risks of renovating before selling:

Delays and Their Associated Costs:

Extended Mortgage Payments

Every additional month spent on renovations is another month of mortgage payments. If you plan on clearing your mortgage with the proceeds of the sale, these additional payments can be a significant setback.

Ongoing Property Taxes

Renovation delays can also result in a few extra months of property tax payments. In areas with higher property tax rates like Texas, this can amount to a substantial unplanned expense.

Utility Costs

With contractors working on the house, expect higher utility bills due to the use of electrical tools, lights left on for longer durations, and more.

Stress and Disruptions:

Living Amidst Chaos

Renovations can turn a home into a construction zone, causing disruptions to daily life. The noise, dust, and general upheaval can be a major source of stress, especially if you’re still living on the property.

Coordinating with Contractors

Managing contractors, ensuring that work is up to standard, and handling any disputes that arise can be mentally taxing and time-consuming.

Unexpected Setbacks

Almost every renovation encounters unexpected issues, from discovering mold behind walls to realizing that certain ordered materials are out of stock. These setbacks can be both frustrating and costly.

Risk of Over-Improving:

Surpassing Neighborhood Standards

A fully renovated, state-of-the-art kitchen might sound appealing, but if it’s significantly fancier than what’s standard in your neighborhood, you risk not recouping the investment. Buyers often shop in specific neighborhoods based on budget ranges, and an over-improved home might price itself out of its most likely market.

Personal Tastes vs. General Appeal

There’s a danger in making renovations too tailored to personal tastes. What seems like a dream upgrade to one homeowner might be viewed as too eccentric or specific by potential buyers, potentially making the house harder to sell.

Market Dynamics

There’s always a chance that by the time the renovations are complete, market dynamics might have shifted. If you’ve made specific upgrades based on current trends, they might not hold the same appeal several months down the line, especially in fast-changing markets.

In the end, while renovations can indeed add value to a property, it’s crucial for homeowners to be fully aware of the hidden costs and risks. Sometimes, the smarter financial and emotional decision might be to sell as-is, saving time, money, and potential headaches.

The Impact of Market Conditions on Home Values in San Antonio

So far in 2023, San Antonio, like many other Texas cities, is experiencing a relatively balanced market. This means that there is a fairly equal number of buyers and sellers. However, homes in prime conditions tend to sell faster and sometimes even above the asking price, though that is becoming rarer with every day that goes by.

The sharp rise in property values over the last 2-3 years has stopped. Houses are sitting on the market longer than they have since 2020. Because of this, the rise of “selling as-is” has increased and is becoming more common.

For homes in areas with slower sales or for properties with significant repair needs, selling as-is could be a quicker and more hassle-free route. While there’s also a consensus that renovations can yield a higher sales price, they often come with increased selling times, potentially leading to carrying costs like extended mortgage payments and property taxes.

To Renovate or Sell As-Is Conclusion

The decision between undertaking renovations and selling a property as-is can be a tough one to make in some situations and easier in others. On the one hand, renovations can enhance property value, potentially yielding a higher sales price. On the other, selling as-is offers a quicker, often less stressful path to sale, especially beneficial in a balanced market like San Antonio’s.

Ultimately, homeowners need to assess their personal situation, financial goals, and risk tolerance. Whether you’re leaning towards sprucing up your property or embracing the ease of selling as-is, the most important thing is to make an informed decision that aligns with your unique circumstances. Remember, every house and every situation is different. If you want to see what your house in San Antonio would sell for “as-is”, contact Capstone Homebuyers. We’ll explain our cash offer process in detail and you can make a more informed decision with your house sale.

5 Pro Tips When Considering Selling Your Home to an Investor

Colby Hager on September 11, 2023

5 Pro Tips When Considering Selling Your Home to an Investor

Selling a property to a real estate investor is something more and more homeowners are considering in today’s rapidly changing real estate market. Whether it’s to bypass traditional sales routes or to secure a quicker sale, understanding the intricacies of this process becomes paramount.

If you’re contemplating this route, our guide offers essential tips for selling your home to an investor. From ensuring local expertise to verifying authentic reviews, we delve deep into the strategies that safeguard your interests and maximize the potential of your property sale.

Tip 1. Partner with a Local Investor: Community and Knowledge Matter

Local Expertise: Local investors are deeply familiar with your community, its property values, and market trends. This translates to potentially better offers for you.

Reputation at Stake: A local investor is aware that their reputation in the community is critical. They will strive to ensure you have a seamless experience because they have future business prospects at stake.

Efficiency and Accessibility: Their established connections, especially with local title companies, can make the process smoother. Plus, they are easily reachable if you need to discuss or resolve any issues.

Tip 2. Home Buyer Review Profile: Authenticity is Key

Diverse Reviews: From Google and Facebook to the Better Business Bureau, genuine investors will have reviews across multiple platforms. And it’s a positive sign if they showcase video testimonials on their website.

Genuine vs. Manufactured: Analyze the tone and content of the reviews. Authentic reviews often discuss specifics while fake ones can be vague and overly generic.

Depth of Reviews: Selling your home is a monumental decision, so it’s not just about having reviews; it’s about the depth of those reviews. Are there detailed accounts of the selling process, or just superficial comments? In-depth reviews can provide a clearer picture of the investor’s working style.

Frequency and Recency: While a good historical reputation is essential, recent reviews can give insight into the current operations of the investor. It’s crucial to check for consistent positive feedback over time.

Negative Reviews & Responses: Don’t just focus on the positive. Check out how the investor responds to any negative reviews. Their reactions can tell you a lot about their professionalism and commitment to customer satisfaction.

Variety of Review Platforms: A well-reviewed investor should have feedback on multiple platforms, not just their website. Diversified feedback channels like Google, Facebook, Yelp, and the Better Business Bureau offer a more rounded view of their reputation.

Consistency Across Platforms: Check for consistency in feedback across different review sites. If an investor has glowing reviews on their website but numerous complaints on a public platform, it could be a red flag.

Remember, while reviews are a powerful tool, they’re just one piece of the puzzle. Always combine them with your research and intuition to make the most informed decision.

Tip 3. Due Diligence When Vetting Potential Cash Home Buyers

Ask and You Shall Receive: A reputable investor won’t hesitate to provide references if you request them. Contacting previous sellers or collaborating title companies can provide first-hand insight into the investor’s working style.

Proof in Pictures: Request to see before-and-after shots of their recent renovation projects. This gives you an idea of their dedication to improving the homes they buy.

Track Record of Transactions: Alongside checking references, ask the investor about their past transactions. How many properties have they acquired in the last year? Do they have any specialty areas? A consistent track record in property acquisitions can be indicative of their stability and genuine interest in real estate investment.

Association or Membership Affiliations: Does the investor belong to any local or national real estate organizations, chambers of commerce, or better business networks? Maybe the investor also holds a real estate license. Memberships in these associations often require adherence to certain ethical standards, offering an added layer of confidence in the investor’s integrity.

Remember, an authentic investor will be transparent about their business dealings, affiliations, and past transactions, and will be more than willing to provide information to potential sellers.

Tip 4. Ensure Financial Ability: Check Proof of Funds

Money Talks: Any genuine cash-buying investor should willingly present an up-to-date proof of funds from their bank. This ensures they have the financial backing they claim, adding an extra layer of security for you.

When it comes to the world of property sales, the financial standing of the buying party plays a pivotal role. Especially when dealing with investors, it’s not just about the verbal assurances they give; it’s about the tangible proof they can provide. Verifying proof of funds is an elementary yet often overlooked step in discerning genuine investors from the lot.

Genuine cash buyers will promptly showcase current proof of funds from their banking institution. This not only ensures their ability to buy but also depicts their seriousness in the deal. Failing to verify financial credentials can lead to unforeseen obstacles and delays, turning a prospective quick sale into a prolonged, cumbersome process. Thus, it’s paramount that sellers prioritize this verification for a seamless and secure transaction.

Tip 5. Personality Fit: Working With A Real Estate Investor Should Be Comfortable

A Mutual Journey: Selling your home is an intricate process, and you’ll be collaborating closely with the investor. It’s essential that you feel comfortable, understood, and respected.

Beyond the Sale: Some investors might let you visit your old home post-renovation. This allows you to witness the transformation and ensures a more personalized touch to the entire process.

In the dynamic world of real estate, selling your home to an investor can be a strategic move. By adhering to these guidelines, you can ensure a more streamlined, profitable, and comforting experience.

Bonus Tip: Understand Their Exit Strategy and Avoid Middlemen

Not all “investors” have the same intent. It’s essential to determine if the interested party is genuinely planning to invest in your home or is merely a middleman. Some individuals pose as buyers only to wholesale the contract to actual investors. This can complicate the process and may even reduce the price you get for your home.

Genuine investors often have a clear strategy in place, be it flipping, renting, or full-scale remodeling. By inquiring about their plans, you not only gauge their seriousness but also ensure your property won’t be misused or left in limbo. Selling to someone with a solid exit strategy provides peace of mind, knowing that the transition will be smooth and your former community will remain respected.

In Conclusion: Avoiding The Pitfalls When Selling Direct To A Real Estate Investor

Navigating the world of selling a home can feel overwhelming, especially when considering direct sales to investors. However, the benefits can be immense: speed, efficiency, and often a better price.

Having an informed approach, like using the tips we’ve provided, can significantly simplify and enhance your experience. If you’re on the brink of making a decision, remember that the right investor can make all the difference.

Take your time, do your due diligence, and once you’re confident in your choice, seize the opportunity for a seamless selling experience. Your ideal home sale could be just one investor away.

Is It Hard To Sell A House With Foundation Problems?

Colby Hager on July 28, 2023

Is It Hard To Sell A House With Foundation Problems?

Selling a house that needs foundation repair or has foundation problems can be a challenging but common problem in San Antonio. Houses that have foundation problems often exhibit signs in other areas of the house.

Issues like sheetrock damage windows that won’t open or close properly doors that are stuck cracked or broken tiles on the floor or shower walls can all be issues that stem from a foundation problem. Another telltale sign of foundation issues in a house is a floor that feels sloped or slanted. When foundation issues are present, selling a house can be made can be more difficult.

Should You Repair the Foundation Before Selling?

When you want to sell a house that has foundation problems, you must first decide if you were going to fix the foundation or if you were going to sell the house as-is without repairing the foundation.

Finding the Right Foundation Repair Contractor

When considering fixing the foundation, finding a reputable contractor who specializes in foundation repairs is key. Look for a contractor with great Google reviews and a positive Better Business Bureau profile. Reputable foundation companies often offer lifetime transferable warranties, provide a structural engineer’s letter upon completion, and shouldn’t require more than a 50% deposit to begin the foundation repairs.

Cost of Foundation Repairs in San Antonio

Foundation repairs in San Antonio can vary in cost depending on the type of foundation you have. Slab foundation repair is typically more expensive because it involves concrete breakouts, floor removal, and possibly tunneling under the house. These repairs can range anywhere from $3,000-$25,000 depending on your specific situation. Pier and beam foundation repairs are usually less expensive because they don’t require concrete breakouts and the access underneath the house is typically easier.

Additional Repairs After Fixing the Foundation

Another crucial consideration is addressing the damage the foundation problem has caused. Sheetrock repairs, window repairs, door repairs, tile repairs – all of these will be required after the foundation is repaired. So, you must budget for more than just the cost of the foundation repair. Keep in mind that these cosmetic issues can deter many buyers, so be sure to budget for all the necessary repairs.

Potential Extra Costs After Foundation Repair

Sheetrock repairs: Foundation issues often cause wall damage that needs repair.
Window repairs: Windows may become stuck or misaligned due to foundation shifting.
Door repairs: Similar to windows, doors may not fit their frames after foundation shifts.
Tile repairs: Cracked or broken tiles are common signs of foundation problems and may need to be replaced.

Selling a House with Foundation Problems As-Is

You don’t have to take on the foundation repairs if it’s not something you’re comfortable doing. You can sell the house as-is to someone willing to buy a house in need of foundation repairs. Many cash buyers and real estate investors in San Antonio, like local companies who buy houses for cash, don’t require you to make any repairs. This is a viable option if the thought of foundation repairs seems overwhelming or requires more resources than you have available.

Can You Sell a House with a Bad Foundation?

Yes, as mentioned earlier, you can indeed sell a house that needs foundation repairs. However, it’s worth noting that such a sale typically involves selling to a local real estate investor.

Why Real Estate Investors are Key Buyers

These investors are well-versed and comfortable with purchasing properties that have structural issues like foundation repairs. The key reason why most homebuyers planning to live in the house are unwilling to buy a property with foundation issues is simple – banks are often hesitant to lend for such properties.

Benefits of Selling to Real Estate Investors

Experience: Investors are well-versed in dealing with structural issues like foundation repairs.
No loan complications: Investors buy in cash, circumventing potential loan refusal by banks due to foundation problems.
No extra inspections: Investors often don’t require additional inspections, saving time and money.
No failed sales: With an investor, you’re less likely to see a sale fall through due to foundation issues.

The Pitfalls of Traditional Home Sales with Foundation Issues

At first, a new home buyer may not realize the presence of foundation problems and might begin the purchasing process. However, during inspection and appraisal, foundation repairs will inevitably surface, causing the bank to decline to lend for the sale.

Preventing Failed Escrows and Contract Issues

Selling a house with foundation problems often leads to failed escrows and properties falling out of contract. Selling to a local person who buys houses in San Antonio can avoid this. Such direct dealings streamline the process, ensuring that your sale doesn’t fall through due to underlying foundation issues.

Are Foundation Issues A Deal-Breaker?

Selling a house that has a bad foundation isn’t always a dealbreaker. The times when selling a house with a bad foundation is a dealbreaker is when the bank declines to land on the sale or a foundation repair that was unexpected is discovered. When dealing with a cash home buyer in San Antonio oftentimes the buyer doesn’t require additional inspections and is aware of the foundation issues from the very beginning and will not let us sell fall through simply because of a foundation issue.

Making the Decision: Selling a House with Foundation Problems in 2023

Navigating the sale of a house with foundation issues can feel daunting. You have options – repair the foundation and sell traditionally, or sell as-is to a savvy real estate investor. It’s crucial to understand the implications of foundation repairs to prevent any unfavorable surprises. Opting for a real estate investor like Capstone Homebuyers offers a stress-free solution. With us, you bypass the hassle of cosmetic and foundation repairs, and even property cleaning. Remember, every scenario is unique – the best choice hinges on your individual circumstances. Not sure which path to tread? Reach out to us at Capstone Homebuyers. We’ll walk you through your options in detail, in person, and provide a dependable cash offer you can count on.

Reasons Why Selling To A Local Cash Homebuyer Might Be Right For You

Colby Hager on October 24, 2022

Reasons Why Selling To A Local Cash Homebuyer Might Be Right For You

Selling your house can be time-consuming and stressful no matter how you go about selling. With a realtor, you have someone helping you through the process but there is still so much uncertainty. Plus, a real estate agent isn’t the one who is buying your house so they don’t have skin in the game.

Selling your house to a local cash homebuyer might be right for you for many reasons. We are going to cover what some of those reasons might be and why a cash offer is a great way to sell.

Why A Local Cash Buyer

When you sell to a local cash homebuyer, you get the benefit of working with real people from your community. A local buyer can often pay more because they know the nuances of the areas within the city and have the ability to be more flexible.

When you sell your house to an online iBuyer, you lose the ability to have a personal connection to the company you are selling to, you run the risk of having a computer-generated offer miss the mark for your particular house, and there is the uncertainty of not being sure who is behind the corporate veil. These reasons mean that a local buyer is often the better choice.

So when should you contact a local homebuying company?

Selling Because You Don't Want To Make Repairs

This is a common reason to sell your house to a cash buyer. If you don’t want to make repairs, or can’t afford to make repairs, then it might be time to consider selling your house as-is.

Making repairs can be expensive and often not worth the investment if you are trying to sell your house quickly or for top dollar. When you sell your house as-is, the homebuying company will account for the necessary repairs in their offer.

Selling In Order To Relocate Quickly

When you need to move for a job or other personal reasons, you often have a timeline that you need to meet. Selling your house on the market with a real estate agent doesn’t always fit that timeline. An agent will need time to list the house, show the house, and then find a buyer who is qualified and wants to buy your particular house.

This process can often take months which might not be feasible if you have already relocated or have to move by a certain date. A local cash house buyer can move quickly and will close on your timeline.

Selling Because The House is in A Bad Neighborhood

The location of your house can make it hard to sell even if the house itself is in good condition. If you live in a bad neighborhood or an area that is going through a period of transition, it can be difficult to find a buyer who is willing to take on the challenges that come with those types of areas.

When you work with a local homebuying company, they are familiar with these types of neighborhoods and have the experience to know how to deal with them. This means that you are more likely to get a fair offer for your house and won’t have to wait months or years to find the right buyer.

You Want To Save Money By Not Paying Commissions

Real estate agents typically charge a commission that is a percentage of the final sale price of your house. This can be a significant amount of money, especially if your house sells for a high price.

When you sell to a company that buys houses, you don’t have to pay any commissions or closing costs which means that you get to keep more of the money from the sale of your house.

Selling to Avoid Foreclosure

If you are in danger of foreclosure, it is important to act quickly. Selling your house to a professional property buyer can help you avoid foreclosure and the damage it does to your credit score.

When you sell your house to a cash buyer, you can often get the money from the sale in as little as seven days. This means that you can use that money to pay off your mortgage and avoid foreclosure. Often, a “we buy houses” company can discuss options to halt the foreclosure immediately.

You Want A Guaranteed Closing Date

When you list your house on the market with a real estate agent, there is no guarantee that your house will sell. Even if you do find a buyer, there is no guarantee that they will be able to get financing or that the deal won’t fall through for some other reason.

When you sell your house to a company that buys houses, you are guaranteed a closing date. This means that you can move on with your life without having to worry about whether or not the sale of your house will actually go through.

You Can Sell Your House Fast

One of the biggest advantages of selling your house to people that buy houses professionally is that you can sell your house fast. Often, these companies can close on your house in as little as seven days. This means that you don’t have to wait months to sell your house.

If you are facing a situation where you need to sell your house quickly, working with a reputable cash buyer is often the best option. You can get the money from the sale of your house and move on with your life without having to worry about repairs, commissions, or finding the right buyer and waiting for them to get a loan.

You Value Convenience and Customer Service

When you work with a legitimate local house buyer, you are working with a team of professionals who are dedicated to making the process as easy and convenient for you as possible. These companies often have a staff of customer service representatives who can answer any questions you have and help you through the process.

In addition, these companies will often take care of all of the paperwork and repairs that need to be made before closing on the house. This means that you don’t have to worry about anything except getting your money from the sale of your house.

You Want To Sell Your House As-Is Without Inspection Negotiations

One of the biggest hassles of selling a house is dealing with inspection negotiations. Often, buyers will request that repairs be made to the house before they are willing to close on the deal. This can be a time-consuming and expensive process.

When you sell your house to a company that buys houses as-is, you don’t have to worry about inspection negotiations. These companies will buy your house regardless of the condition it is in. This means that you don’t have to make any repairs or even clean out your house before you sell it.

You Don't Want To Have Multiple Showings

Another big advantage of selling your house to a cash house-buying company is that you don’t have to deal with multiple showings. When you list your house on the market, you will often have strangers coming into your house at all hours of the day and night. This can be disruptive and inconvenient.

When you sell your house to a cash for houses buyer, you only have to deal with one showing. The buyer will come to look at the house and if they are interested, they will make an offer. You don’t have to worry about having strangers in your house or trying to keep it clean for showings.

You Want to Avoid Trying to Sell During the Holidays

The holidays are a difficult time to try to sell a house. Often, people are too busy with family and travel to worry about looking for a new house. In addition, many people receive their end-of-year bonus around the holidays and don’t want to use it to buy a house.

If you try to sell your house during the holidays, you may find yourself waiting months for a buyer. However, if you sell your house to a cash buyer, you can often close on the deal before the holidays even start. This means that you can avoid the stress of trying to sell during the busiest time of the year.

Sell Your House to Capstone Homebuyers in San Antonio

If you are looking to sell your house fast in San Antonio, Capstone Homebuyers can help. We are a local company that buys houses as-is for cash.

This means that you can sell your house fast, without having to make any repairs or even clean it out. In addition, we take care of all of the paperwork and closing costs so you don’t have to worry about anything except getting your money from the sale of your house.

If you are interested in learning more about selling your house to Capstone Homebuyers, contact us today. We would be happy to answer any questions you have and give you a no-obligation cash offer for your house.

How to Sell Your House For Cash and Get the Best Offer

Colby Hager on October 17, 2022

How to Sell Your House For Cash and Get the Best Offer

If you want to know how to sell your house for cash and get the best offer, there are certain steps you can follow and certain things you will want to avoid. You will want to take steps to prepare yourself and your house so that you can get a cash offer for your house without sacrificing the sales price in the process. You want to work with reputable people along the way. Keep reading for our tips on how to sell your house fast for cash and get the best offer possible!

Can You Sell For Cash and Get A Fair Offer?

Yes, you can sell your house for cash and still get a fair offer. When you do your due diligence about your property and take the right steps to find the right cash buyer, you absolutely can get a fair offer. Often, when you find the right cash buyer, you can get a really great cash offer. Too often, people think that just because their house needs some repairs, they have to sell their house for dirt cheap. That just isn’t the case when you take the time to work with a local, cash house buying company.

Can You Sell For Cash if You Use A Realtor?

Yes, there is a chance you can sell your house for cash if you use a realtor. Typically when a house gets listed for sale on the market with a realtor, the house is primarily viewed as a house for an owner-occupant. Most investors are conditioned not to look for investments on the MLS. Most owner-occupant buyers do not purchase houses with all cash but occasionally, it does happen.

If you have a house that needs repairs or for any reason is better suited for a cash house buying investor, but you decide to use a realtor, make sure you get a couple of independent offers as well. We have seen real estate agents try to take advantage of the situation and “pocket list” a house to friendly investors who often offer lower prices in exchange for a kick back. You want to make sure this doesn’t happen to you.

Finding the Right Cash Buyer

Selling your house for cash is all about finding the right cash buyer for you and your situation. There are a few things you can do to attract the right type of cash buyer.

Don't Be Too Emotional About The Transaction

When you are too emotional about the sale of your house, it can be difficult to make logical decisions. As we all know, when it comes to business deals, logic should always win out. When you are able to look at the situation rationally, you will be able to make better decisions and get a better outcome

Know Your Neighborhood and Competition

You should be intimately familiar with your neighborhood and the competition. Not only will this help you when it comes time to market your house but also, if you are approached by a cash buyer with an offer, you will know if the offer is fair.

Be Objective About Your Property

When you are trying to sell your house for cash, it is important that you be as objective as possible about your property. This means being honest about the condition of your property, both good and bad. It also means being realistic about what your house is worth in today’s market.

Price The House Appropriately

If you want to sell your house for cash, you need to price it appropriately. This means pricing the house at a fair market value. It is important to remember that just because you need to sell your house quickly, does not mean that you have to give it away. There are plenty of investors out there who are willing to pay top dollar for their next investment.

Mistakes To Avoid When Looking to Sell For Cash

There are lots of people out there acting like they are cash house buyers when really they aren’t. Many of these people who are calling you all the time on the phone or putting their phone number on a sign on the side of the road are simply middlemen out to make a quick buck. Otherwise known as wholesalers, these people are just in between you and the actual cash buyer and are hoping to make a transaction fee. They are unnecessary and should be avoided in most cases. There are some other mistakes to avoid as well.

Failing To Prepare the House

When you are trying to sell your house for cash, it is important that you take the time to prepare the house for sale. This means repairing any damage and making any necessary updates. It is also important to stage the house in a way that will appeal to buyers. Remember, first impressions are everything.

Forgetting the Costs of Selling The Property

There are a lot of costs associated with selling your house for cash. These include things like real estate commissions, closing costs, and transfer taxes. It is important to factor these costs into your asking price so that you don’t end up losing money on the deal.

Overpricing the House

Many people who are looking to sell their house for cash make the mistake of overpricing their property. When you do this, you are only shooting yourself in the foot. Not only will it take longer to find a buyer willing to pay your asking price but, in many cases, you will end up having to sell the house at an even steeper discount than you would have if you had priced the house appropriately in the beginning.

Working With the Wrong Real Estate Agent or Home Buyer

When you are looking to sell your house for cash, it is important that you work with the right people. This means finding a reputable and experienced home buyer who is willing to pay you a fair price for your property.

Choosing the wrong homebuyer can create quite a problem. The most common issue you will likely face if you accidentally choose the wrong buyer is that they could back out of the transaction at the last minute or try to significantly lower the price right before closing.

Questions To Ask A Homebuyer

Are You the Direct Buyer?

As we mentioned before, many times, the person who contacts you about buying your property is not the actual buyer. Instead, they are a wholesaler or middleman who is hoping to make a quick buck off of your situation. In most cases, it is best to avoid these types of people and work directly with the buyer.

Do You Have Reviews or Testimonials I Can Look at?

It is always a good idea to do your research before doing business with anyone, especially when it comes to selling your house for cash. One way to do this is to ask the home buyer for reviews or testimonials from past clients. This will give you a good idea of what kind of service and experience you can expect.

Will You Close On Time?

When you are selling your house for cash, one of the most important things to consider is whether or not the home buyer will be able to close on time. This is important because you need to make sure that you have a firm timeline in place so that you can move forward with your plans.

Asking these questions will help get you started on the right path to selling your house for cash and still getting a great offer. If you have a house in San Antonio and are looking to sell to a reputable buyer, consider Capstone Homebuyers.

For the Best Results, Sell Your House For Cash To Capstone Homebuyers

When it comes to selling your house for cash, you want to make sure that you are working with a reputable and experienced buyer. Capstone Homebuyers has over 14 years of experience buying houses in San Antonio and the surrounding areas. We are a direct buyer, which means that you will not have to go through a middleman or wholesaler. We also pay cash for properties, so you can be sure that the sale will go smoothly and quickly.

If you are looking for a fair price for your property, contact us today to learn more about our cash offer program. We would be happy to answer any of your questions and help you get started on the path to selling your house for cash.

10 Reasons Why Selling Your House Fast for Cash Makes Sense

Colby Hager on October 16, 2022

10 Reasons Why Selling Your House Fast for Cash Makes Sense

If you’re trying to sell your house, you might be wondering if it’s worth it to try and sell it fast for cash. After all, there are plenty of benefits to selling your house the traditional way through a real estate agent. However, in today’s market, there are plenty of reasons why selling your house fast for cash makes.

We will cover many of those reasons to help you decide if getting a fast cash offer on your house makes sense for you. If you are selling your house in San Antonio, we at Capstone Homebuyers have been giving cash offers to homeowners for years and helping them sell their houses fast for cash.

#1 Your House Needs Repairs

One of the most common reasons why homeowners want to sell their house fast for cash is because their house needs repairs that they can’t afford or don’t have the time to do.

If your house needs significant repairs, it can be difficult to find a buyer who is willing to pay full price or even close to full price. Even if a traditional home buyer is willing to pay the price for a house that needs repairs, banks typically won’t lend on properties needing significant work.

#2 Your House Is Facing Foreclosure

If you’re facing foreclosure, it’s important to act fast. Selling your house for cash can help you avoid foreclosure and the damage it will do to your credit score.

Selling your house for cash can also help you walk away with some money in your pocket instead of being upside down on your mortgage or losing it to the bank at the foreclosure auction.

#3 Job Relocation / Transfer

If you have to relocate for a job or maybe even a military transfer, you might want to sell your house as quickly as possible. Selling your house fast for cash can help you move on with your life and start fresh in your new location.

Selling your house the traditional way through a real estate agent can take months, which can be difficult if you need to make the sale happen quickly due to work circumstances you can’t control. Plus, it’s actually pretty easy to sell your house fast in San Antonio once you find out how.

#4 Structural Damage or Water Damage/Mold

If your house has structural damage or water damage/mold issues, it can be difficult to find a buyer who is willing to take on those types of repairs.

Selling your house for cash can help you avoid the hassle and expense of making repairs before selling. It can also help you walk away with some peace of mind knowing that a professional homebuyer is taking on serious issues which can reduce the liability of selling a house with major problems.

#5 Inherited House

If you’ve recently inherited a house, you might want to sell it quickly so that you can move on with your life. Selling an inherited house can be emotional and complicated, so working with a professional homebuyer who can help you sell your house fast for cash can make the process much easier. Additionally, a professional who buys quickly for cash can often help with the probate or heirship process if needed.

#6 Selling Fast For Personal Reasons

We understand that sometimes, the reason you need to sell your house fast is personal. We get it. At Capstone Homebuyers, all of our client information is kept strictly confidential. You will want to make sure your home buyer can do the same if you are outside of the San Antonio area.

#7 Animal Smells /Hoarding

If you have a house with animal smells or hoarding issues, it can be difficult to find a buyer who is willing to take on those types of repairs. Most buyers will have difficulty seeing the potential value of the house after the repairs are completed. Overwhelming smells or being unable to see portions of the house can hinder the imagination of the potential buyer.

Selling your house for cash can help you avoid the hassle and expense of professional deep cleaning and disposal before selling.

#8 Too Much To Clean

Have you ever walked into a home and immediately felt overwhelmed by the amount of cleaning that needed to be done? Maybe it was an old family member’s home, or maybe you just never got around to decluttering your own house.

Whatever the reason, if you have too much stuff and not enough time to clean before selling you may just want to move and leave your unwanted belongings behind. Getting a quick cash offer from a San Antonio Homebuyer can be just the solution you are looking for.

#9 Back Property Taxes

If you have back property taxes, you may be looking to sell quickly to avoid the consequences of property taxes that have been delinquent for too long. Working with a buyer who understands these issues and knows how to put together a cash transaction quickly can be key.

#10 Divorce

Selling your house fast for cash can help you move on with your life after a divorce. If you’re going through a divorce, selling your house fast for cash can help you split the proceeds from the sale quickly and without having to go through a drawn-out sales process with lots of negotiations along the way.

Selling Your House Fast For Cash to Capstone Homebuyers

Capstone Homebuyers is a family-owned business based in San Antonio, TX that buys houses fast for cash. We have helped hundreds of homeowners in the San Antonio area sell their houses quickly and without having to go through the hassle of listing with a real estate agent.

If you are thinking about selling your house fast for cash, we would love to talk to you about your options. You can reach us at 210-793-4448 or fill out our online form to get started. We hope this article was helpful in explaining some of the reasons why selling your house fast for cash makes sense. If you are ready to sell your house now, please give us a call!

Selling Your House to Help Quickly Pay Off Debt or Fund Retirement: Why This Might Be An Option

Colby Hager on September 24, 2022

Selling Your House to Help Quickly Pay Off Debt or Fund Retirement: Why This Might Be An Option

If you have a house that is vacant, in disrepair, or simply not being used, you may consider selling the property. While this can be a difficult decision, selling your house can actually be a great way to improve your financial situation. The proceeds from the sale can be used to pay off student loans, credit card debt, or fund your retirement. Let’s take a closer look at how selling your house can help you reach your financial goals.

If you have a house that is sitting vacant, it may be costing you money in property taxes, insurance, and other associated costs. By selling the property, you can eliminate these expenses and use the proceeds to pay off debt or fund your retirement. If the property is in disrepair, selling it can also be a way to avoid expensive contractors and renovations.

Is Selling Your House Fund Retirement Smart?

There are a few different scenarios when selling your home makes sense. If the property is in disrepair and would require significant repairs to make it livable, it may make more financial sense to sell the house and use the proceeds to help with a more pressing need.

Many people fail to plan for retirement early in their careers. The result can leave them in a bit of a bind later in life. Selling a house that needs repairs or is vacant for cash can be a way to make up for those lost years.

Any time a house is vacant or abandoned, it could make sense to sell the house so you can take the returns from the sale and invest in your retirement and put your money to work for you. Also, when you get cash for your house, you are able to diversify your money into different investments that could make for a more well-rounded retirement portfolio.

If the house is your primary residence, you might not consider selling just for the sole purpose of funding your retirement. After all, where are you going to live once you sell the house? However, there are some instances where this could make sense. For example, if you are already retired and the home’s maintenance is becoming unmanageable, you might sell to move into a maintenance-free living situation. Or maybe you need to sell to downsize and can use some of that extra money from the sale of your house to pad your retirement.

Make sure you have a solid plan in place before you sell your primary residence. It’s always smart to make sure you have plenty of time to move after selling. Also, make sure your new house fits within your monthly budget in retirement.

Can an Inherited House Be Sold to Pay Off Debt?

Yes! If you have inherited a property that you do not plan to live in, selling the house can help you free up some extra cash. Many people decide to sell an inherited house because the house is out of town, needs repairs or the heirs no longer have a use for the property. If this is the case, selling might be the best option for you. The extra cash can help you pay off your debt so you can focus on other financial goals.

If you need to sell an inherited house quickly to pay off debt, you may want to consider working with a professional home buyer. They have the ability to pay cash for the house and close quickly. Also, a professional will know how to navigate the inherited and probate process if that hasn’t already been taken care of.

Selling Your House To Get Cash Quickly

Selling your house can be a great way to quickly pay off debt or fund retirement. If you’re considering selling your property, it’s important to consult a financial advisor to ensure that it’s the best option for you. With some careful planning and working with the right people, selling your house can be a very rewarding experience.

The truth is, you may have a number of reasons for wanting to sell your home quickly.

No matter what your reason for wanting to sell is, it’s important that the process is as quick and easy as possible. That’s where we come in. We buy homes fast, so you can move on with your life without any stress or hassle.

When you work with Capstone Homebuyers, we’ll make the entire process as simple and straightforward as possible. We’ll give you a fair offer for your home, and then we’ll take care of all the paperwork and closing costs so that you don’t have to worry about a thing. Contact us today to get started!

Selling Your House On Your Own Or With A Realtor: What Are The Costs?

Colby Hager on September 4, 2022

Selling Your House On Your Own Or With A Realtor: What Are The Costs?

It’s no secret that selling a home can be expensive. Between the realtor fees, closing costs, and repairs that need to be made before you put your house on the market, it’s easy to see how the cost of selling a house can add up quickly. But what if you could sell your home without paying any of those fees? Or what if you could pay a fraction of the cost by selling your house on your own?

In this blog post, we’ll explore the costs associated with selling your house on your own or with a realtor. We’ll also look at the best way to eliminate those costs altogether. So whether you’re thinking about selling your house on your own or working with a realtor, read on for more information about the costs involved in each option!

Standard Costs of Hiring A Real Estate Agent To Sell Your House

The Cost of Real Estate Commissions

With the value of real estate constantly rising, it’s important to know just how much you can expect from your agent. Let’s say that your house sells for $300K with a 6% commission. Your real estate agent fee would come out to $18k! This may not seem like a lot but when you factor in closing costs, repairs, and other expenses related to the sale of your home, it adds up quickly!

Here’s the thing about real estate commissions…even when you try to sell your house on your own, buyers normally already have a realtor and that realtor still wants to get paid. They will either steer them away from your house or ask the buyer or you to pay their commission. In this type of situation, the real estate agent can create some costly roadblocks for you as the seller.

Closing Costs

Home sellers should be prepared for all of the costs they will incur at their closing table. These are deducted from sale prices and add up fast!

Closing costs can vary depending on the property and type of transaction. When you work with an agent to sell your house, expect about 2% of its final sale price in closing expenses like transfer taxes, escrow fees, and recording fees (but not including real estate commissions). But if Capstone Homebuyers buys direct from owner-occupants like yourself we’ll take on those expenses.

Inspection Related Repairs

When selling your house, inspection items should be expected. If an ispection uncovers too many problems or major issues, there will likely have a repair request amendment. Again, this is standard and should be expected. Almost without exception, most sellers have to do some inspection-related home repairs during the option period of a contract. Repairs that have been neglected for long periods of time, can have repair costs that are fairly substantial and add up quickly. A new roof, for example, can set you back by as much as $20,000. Additionally, some lenders require certain repairs to be made before they will lend on the house.

Unexpected Costs Of Selling Your House With A Realtor

Additional Marketing

It’s important to know what your real estate agent is going to do for you beforehand. Some agents provide full service and will market the property in several ways, at no cost whatsoever; other agents leave the marketing up to you. Even full-service agents often require you to pay for things such as professional photographs, staging, and cleaning.

Staging Your Home

Perhaps the most important thing to do when you’re selling a home is to make sure that it looks its best. This means investing in some professional staging services so your property will appeal not only in pictures but also to potential homeowners who are looking in person too. Having tenants in the property when selling is not a substitution for proper staging.

Failed Contracts

A failed contract is when the prospective buyer backs out. This could be due to repairs, issues with the lender, not qualifying for their loan, or they just changed their mind. According to CNBC, 20-25 percent of all accepted contracts end up failing prior to closing. This can even happen with the national ibuyers as well which can leave you as the seller in a tough spot.

Lender required repairs

Sometimes when you are selling your house to a buyer who is using a loan to buy your house, the appraiser will note some repairs that need to be made. These will then become lender-required repairs. These are separate from inspection-related repairs and can increase your repair costs because they are required to be made before the buyer’s loan can get approved.

Costs Of Selling Your House On Your Own

Landscaping

Landscaping is the most important thing to improve curb appeal, and it normally costs about $3K. Every outdoor space should feel inviting even when there are no people around- which means you can enjoy spending time outside. This is an area where people can get creative but it is often hit or miss so make sure and plan carefully with the buyer in mind.

Professional Pictures

This is something that is overlooked even by many real estate agents. Don’t make this rookie mistake. This is one time when the great iPhone cameras just won’t cut it. Oh, and your neighbor Bob who is an amateur photographer won’t cut it either. Sure professional real estate photography isn’t cheap, however, it IS very valuable. Skip this cost at your own risk.

Utilities and Holding Costs

Even if you’ve already moved out for your upcoming sale, you can’t just cancel CPS in the home. Can you imagine falling in love with a house that feels more like a sauna as you walk through? Us either. Additionally, you will not want to cancel your account with SAWS. Water will still need to be used for proper lawn care and to keep the toilets operational. If the house is one you’ve been living in, then you already know what it will cost you to keep the utilities on.

Underestimating The True Value Of Your Home

If you aren’t using a licensed Realtor and you aren’t selling to a professional homebuyer, you could be missing out on potential value when you sell your house in a private sale. For instance, professional homebuyers are used to giving competitive offers because they know the market and know the competition is fierce. Realtors are also trained to estimate values based on comparable sales and are required to have your best interests as their primary focus.

Unexpected Costs Of Selling A House Without An Agent

Not Knowing Real Values

Understanding the demographic of buyers and renters in your area will help you market accordingly. For example, families looking for something different than college students or young singles might be interested in houses near yours. Having a good handle on who is buying can make it easier when deciding how to reach them with ads! Take some time today (or tonight!)to understand what each group wants so that everyone has an opportunity to see that your house would be a good fit for them!

Lack of Negotiating Strategy

You might be the type of person who can read people well and has a knack for negotiating. Maybe you’ve even taken a few business courses. But, do you know what to say when it comes to real estate negotiations?

Do you know how to properly value your home so that you’re getting top dollar without leaving too much on the table? How will you respond to a counter offer or other types of concessions requests?

Having a strategy for how you will sell your house quickly is important. If you want to skip the back and forth, you might want to deal with a straightforward home buyer who will give you their best cash offer the first time without uncomfortable and drawn out negotiations.

Costs Of Selling Your House To A Direct Buyer On Your Own

The costs of selling your house to a local home buying company like Capstone Homebuyers is usually very small and packed with benefits. Here are the most common costs when selling for cash:

Pro-rated property taxes

Pro-rated property taxes can reduce your net proceeds when you sell your house because you will be giving the buyer a credit for any unpaid taxes up the the day when the sale closes and is finalized.

Prior liens and judgments

Any prior liens or judgements that have attached themselves to the house or to the current homeowner will have to be paid before the transaction can close. Unless specifically negotiated, these fees would come from the seller of the property.

Sell Your House Fast For Cash To A Direct Buyer

Selling your house is a big decision and can be a costly and risky process.

It’s hard to know who to trust when selling your house. You might have to make costly repairs before selling, pay commissions and fees, or take on the risk of selling on your own.

Capstone Homebuyers offers an easy, no-risk solution. We give you our best offer upfront, pay all closing costs, and don’t charge commissions or fees. We buy houses as-is so you don’t have to make any costly repairs before selling.