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.

Having Trouble Selling Your House After A Divorce

Colby Hager on September 25, 2022

Having Trouble Selling Your House After A Divorce

We know that life can get pretty tough when you’re going through a divorce, but we want to take the stress off your plate. We buy houses in San Antonio and offer sellers the “Ideal Way” of selling their homes fast during difficult times like selling a house during a divorce or if they need cash right away for any reason whatsoever.

A divorce can be a challenging situation: it’s complicated, it’s expensive, it’s time-consuming, and emotions are running high. And in all that effort you also need to sell your marital home so that you can split the value of any equity in the house and put it all behind you.

But what if your property doesn’t sell? If you’re going through a divorce and wondering why the house isn’t selling, consider the following possibilities and what to do once you determine the reason the house might not be selling.

First, Consider Why Your House Isn’t Selling

Unfortunately, there are many reasons your house might not sell. Some of the reasons are related to the normal market conditions (and they might be present even if you weren’t going through a divorce). But there might be additional reasons that your house doesn’t sell — for example, maybe you have a complicated divorce or there’s a lot of conflict between each party in the divorce and this makes it too difficult for the buyer to negotiate on the sale of the property.

Delays Can Add To The Problem

If the house is not selling as quickly as you’d like, this just adds to the problem and it ultimately ends up costing you more — in bills and taxes and mortgage payments, as well as in additional attorney fees.

Simply put, you might be hoping to get a high price for your house but your divorce could actually be scaring people away and costing you money.

Work To Streamline The Negotiation Process

Another reason the house might not be selling as quickly as you hoped is that there isn’t one person in charge of the sale. If there are two sellers negotiating the same sale, buyers, realtors, or home investors might be getting different types of feedback depending on who they speak with.

Allowing one person to handle the aspects of the sale could alleviate some of these issues.

Fortunately, even if these quick fixes don’t work right away, there’s another option…

Strategy For Divorce Houses: Sell To A House-Buying Company Prior To Making The Divorce Final

Consider selling the house prior to beginning the divorce proceedings in court. This can alleviate many of the issues that cause problems when selling during the actual divorce process.

Once the courts are involved, things can get more complicated, take much longer, and can grind to a halt. Realtors often have difficulty working through the complexities that can be present during this situation. Working out a quick cash sale to an investor can be a solution that avoids many of the pitfalls of selling the traditional way during a divorce.

Sell To A Reputable Home Buying Company

Here’s an effective strategy for people who are trying to sell their divorce home — instead of listing the house with an agent, sell the house directly to a real estate buying firm like us at Capstone Homebuyers. As Homebuyers in San Antonio, we may not always be able to pay the market price for a property… but many people realize that holding out for a higher price can actually be a costly strategy once you factor in the cost of repairs, the carrying costs while you wait months for an agent to find a buyer, and then the agent’s commission (sometimes thousands of dollars).

If you’re worried that your house won’t sell during a divorce and if you want to sell your house fast, a real estate buying company like Capstone Homebuyers is the fastest and simplest choice to get the property out of the middle of your divorce, give you money for it, and allow you to wrap up this portion of the divorce proceedings.

How To Handle Delinquent Property Taxes In Texas

Colby Hager on September 24, 2022

How To Handle Delinquent Property Taxes In Texase

If you or someone close to you are dealing with property tax problems, you might be worried about your ability to pay them back. The consequences of not paying your taxes can result in losing your home if the problem is not taken care of. Sometimes in Boerne TX, the big issue is that you never know when they will decide to move forward with the foreclosure of the home to satisfy the accrued property tax debt. So, what are your options when facing this issue? Keep reading…

Property taxes in Texas can be more than overwhelming. Understanding how to avoid having your property up for auction at the tax sale for delinquent taxes. In San Antonio, the taxing authority is Bexar County and they are responsible for holding the tax sale, issuing the tax liens, and enforcing the Texas property tax codes. Texas property tax rates are continuing to increase which makes the risk of going into the foreclosure process even greater because of delinquent property tax owed.

What Can Happen To Unpaid Property Taxes in Texas?

Delinquent taxes over a long period of time can lead to the worst-case scenario. You could lose your home. You will likely incur penalties, fines, and interest should someone buy the tax lien on your home. When you fail to pay your property taxes, the county government will put a tax lien on your property until the balance has been paid.

If the debt remains unpaid, the county will eventually auction off the lien to the highest bidder. At this point, you must pay the bearer of the lien the back taxes, plus fees, plus penalties, and plus any interest owed to the tax lien bearer. At this time, if your house is foreclosed on by Bexar county, you lose the right to occupy the property.

After the house is foreclosed on by the taxing authority, your redemption period begins. You have anywhere from 12-24 months to pay all of the back taxes along with the penalties and interest. If you do not redeem, you no longer have a right to get your house back.

What Are Your Options With Back Property Taxes in Bexar County?

There are some options you have when you have back property taxes in San Antonio, TX, or the surrounding area. You can pay them, try and get them lowered, or work with a direct house buyer who is willing to help you out of the hole you are in.

Nobody wants to lose their home, especially to a complete stranger at a foreclosure auction. Before your unpaid property taxes get out of hand, do everything possible to resolve the situation.

Pay Off Delinquent Property Taxes in Texas

This option can be seen as the best and most obvious option. But, how do you do it if you are struggling to pay them in the first place? You can create a savings and repayment plan or work with your local property appraiser to try to get them lowered. Unfortunately, this option isn’t realistic for many people facing this problem.

1. Save To Pay Taxes Owed

If saving to pay down the property tax debt is an option, sit down with a financial planner or someone who can assist you by taking a good honest look at your financial situation. An outside perspective on your spending might be just what you need to pay off your debts. Come up with a plan to save a set amount each month and use that to pay down the balance of your property taxes.

Bexar County is unlikely to initiate the foreclosure process if you are making regular payments to your outstanding balance. Keep in mind that you will not only need to pay back the back taxes that have built up, but also the fees, penalties, and interest that will have added to the total balance.

2. Negotiate A Lower Tax Appraised Value

At times, you can work to have the property appraiser lower the value of your house, which can lower your tax rate if you believe they have been assessed incorrectly. You won’t be able to negotiate the rate at which you are taxed; however, you can attempt to negotiate the assessed value of your home.

Check to make sure they have the important details of your house recorded correctly. For example, don’t let them say you have 2 bathrooms when you really only have 1.5. The assessor will look at other homes in your area and what they are selling for. Sometimes, you need to take a deeper look at the numbers.

If you are going to challenge the value the assessor has placed on your home, make sure you have comparable houses to compare it to. A fair warning: This process can be time-consuming and frustrating, and in today’s climate of run-away taxes, it doesn’t always work.

Remember, this option is great for future taxes but doesn’t do anything to resolve a tax bill that has already gotten out of hand and is past due.

3. Using A Property Tax Loan For Delinquent Property Taxes

A property tax loan can provide temporary assistance in a time of need but should not be taken lightly. Getting a private loan from someone to catch up on your property taxes can help in the short term but make sure you read all of the fine print and terms and conditions carefully before you sign anything.

Keep in mind that you will most likely have fees and penalties added to your original debt. The entire amount must be paid off in order for the county to remove the lien on your property. The interest can be high and there can be severe penalties for nonpayment. Before you get yourself in this situation, take a good look at all of the options available to you first.

4. Start A Payment Plan To Avoid Property Tax Foreclosure

If you’re behind on your property taxes, you may be at risk of foreclosure. However, there is a way to avoid this by establishing a payment plan with your county tax assessor. This will allow you to catch up on your payments and avoid the penalties associated with the foreclosure.

In most cases, you will be required to make a down payment and then make monthly payments until the balance is paid off. However, the terms of the payment plan can vary depending on your situation. If you’re struggling to make ends meet, it’s important to contact your county tax assessor as soon as possible to discuss your options. By doing so, you can avoid property tax foreclosure and keep your property.

Selling Your Property With Delinquent Property Taxes

Selling a property in Texas that has property taxes owed is actually quite common. While there is technically a tax lien on the property any time property taxes are due, there is nothing that will prevent a house from being sold.

Many homeowners who are considering selling a property with back taxes do so prior to the property being scheduled at the tax sale auction. However, if the property has been scheduled for auction, you may need to sell quickly before the house is sold at the property tax sale.

Selling With A Realtor When There Are Back Taxes

When you owe back taxes on a property, it can be tricky to sell the property through traditional means. Many realtors will not work with a property that has back taxes. However, there are some realtors who are willing to work with houses that have property taxes owed.

One thing to keep in mind is that the realtor’s commission will need to be paid out of the proceeds from the sale, so you may want to negotiate a lower commission upfront. In addition, you will need to make sure that the back taxes are paid off before the sale is finalized. Otherwise, the new owner will be responsible for them.

These realtors will often have a network of investors who are willing to take on the risk of the back taxes in exchange for a discounted price on the property. In this case, it may be better to contact the homebuyer directly to avoid having to pay commissions in addition to the taxes owed.

Finding A Local Cash Homebuyer

There are local buyers and investors out there who are ready to help you right now so you don’t have to sink more money into the house or toward your tax bill. They will handle everything so you can sell the house and walk away from your property tax problems once and for all.

One of the best options is to sell your property with tax liens and work with a reputable home buyer who is willing to help you tackle the liens and back property taxes you are facing. When working with a private buyer, make sure you are still receiving a fair price. No matter how desperate your situation might seem, you should always be treated fairly and receive a fair and honest price.

Capstone Homebuyers Buys Houses With Back Taxes Owed

Capstone Homebuyers is a team of professional people who buy San Antonio TX houses. We are homebuyers who can help you by purchasing your home outright. We will take care of the back taxes, liens, and anything else that is stopping you from being able to sell your house in the traditional manner.

Our easy 3-step home buying process means you don’t have to feel stuck, burdened, or feel exhausted by the amount of property tax debt you are facing. We have worked with people all over the San Antonio area who were dealing with property tax problems. (Just check out our testimonials to hear it directly from them.) Let us help you by using our knowledge and expertise to get you out of the situation fast!

Selling to A Home Buying Company in San Antonio: What to Look For

Colby Hager on September 24, 2022

Selling to A Home Buying Company in San Antonio: What to Look For

Are you considering selling your house to a home-buying company in San Antonio? It can be a great option when you need to sell quickly, but it’s important to do your research first and know what to look for.

There are a lot of home buying companies in San Antonio but not all home buying companies are created equal, and some may not be reputable or offer fair prices. Some might not even be the actual buyers. So, how do you know which company is right for you? Here are a few things to consider.

Characteristics of the Best Homebuyers in San Antonio

Experience With Your Specific Situation

A good, reputable home buying company will have experience with your specific situation.

For example, if you are going through a divorce or have inherited a property, you’ll want to look for a company that has worked with people in those situations before. This shows that they know how to handle the paperwork and will likely be more understanding of your unique situation.

Great Customer Service From the Home Buyer

When you’re selling your house, you should feel like you’re the only customer. The home buyer should be attentive and responsive to all of your questions and concerns. If they’re not, that’s a red flag. You should also look for a home buyer who is available when it’s convenient for you. You will want the home buyer to be willing to work around your schedule and not the other way around.

Home Buyers Who Are Responsive With Communication

If you are talking with multiple home buying companies local to San Antonio, notice how they treat you, and their responsiveness, and make sure they follow through with their commitments. The best home buyers will be responsive with communication throughout the process of getting you an offer.

A Home Buyer With A Strong Financial Position

You’ll want to work with a home buyer who has the financial ability to actually purchase your home. Ask them about their funding and how they plan to close on the deal. If they don’t have the cash on hand to buy your property outright, they should at least have access to private funding or be able to get pre-approved for a “same as cash” loan.

Asking for proof of funds is not out of bounds. If the company plans to buy your house fast with cash, proving they actually have the money should be no problem at all.

Fast Offer and Low Pressure

A great home buyer will make you a fair, all-cash offer within 24 hours and there should be no pressure to take the offer. If you’re being pressured to take an offer or told that the price will go down if you don’t accept right away, that’s a red flag.

You should never feel like you’re being taken advantage of or that you have to make a decision on the spot. A reputable home buying company in San Antonio will be confident in their offer and their home buying process and won’t need to resort to high-pressure sales tactics to win business.

Can Buy Fast or on Your Timeline

The best home buyers will be able to work on your timeline. If you need to close fast, they should be able to do that. But if you need more time, they should be flexible and accommodating.

Keep in mind that a home buyer who can close quickly is usually a good sign that they’re a cash buyer. Most companies that buy houses in San Antonio that are legitimate cash buyers will even be willing to offer a leaseback if you need more time to move.

Questions to Ask A San Antonio Home Buyer

How Long Have You Been Buying Houses in San Antonio

Finding out how long the home-buying company has been buying houses for cash in San Antonio is a good way to gauge their experience. The longer they’ve been in business, the more likely it is that they’re a reputable company.

How Much Experience Do You Have Buying Houses

Even if the company has been buying houses in San Antonio for a long time, they may not have experience with your specific situation. Like our previous example, if you are going through a divorce or have inherited a property, you’ll want to look for a company that has worked with people in those situations before.

Can You Give References

If the home-buying company is legitimate, they should have no problem giving you references from past clients. Another reference to ask for is the title company they use. If you call the title company, they should know exactly who the company is and be willing to vouch for them. If they’re reluctant to do so or only have a few references, that’s a red flag.

What Is Your Home Buying Process

The best home buyers will have a set process that they follow every time. They should be able to walk you through each step so that you know what to expect. They should be able to answer any questions you have about the steps to sell your house and you should feel completely comfortable knowing that you are working with an expert.

What Do You Look For in A Property

The home-buying company should be upfront about what types of properties they are interested in and what they are looking for. There is no perfect property, but if the company is only interested in properties that need major repairs or are vacant, that’s something to be aware of. Most companies want to know if the major components of the house need work. These companies are in the business of making repairs so transparency in this area won’t hurt your offer.

How to Know Which Home Buyer Reviews You Can Trust

Video Reviews On Their Website

The best home buyers will have video reviews from past clients on their website that you can watch. This is a great way to get an idea of what it’s like to work with the company and see if they’re a good fit for you. Pay close attention to the people’s situation and see if it is similar to yours. You’ll also want to make sure the reviews seem genuine and not paid actors.

Google Reviews That Match the Video Reviews

In addition to video reviews, the company should also have Google reviews. There will likely be different reviews from the video reviews but there should also be some that are from the same people and those reviews should match up. If you see a bunch of positive video reviews but negative Google reviews, that’s a red flag.

Better Business Bureau Reviews Without Complaints

The company should also be accredited by the Better Business Bureau and they should have good reviews there as well. You’ll want to make sure that there are no complaints filed against the company. If there are complaints, see how they were handled and if the company seems to take them seriously.

Too Many Reviews Posted All in the Same Timeframe

If you see that all of the reviews were posted within a few weeks or months of each other, that’s another red flag. This could mean that the company is paying for fake reviews

How to Recognize A Legitimate Home Buying Company vs A Wholesaler

There are several small ways you can make sure that you are selling to an actual cash home buying company and not just a middle man or wholesaler. There are several reasons you want to sell to the buyer as opposed to a wholesaler. Primarily, you will typically get more money from the sale by cutting out the middleman.

Check the Buyer on the Contract

When you are given a contract, the name of the buyer should be listed on the sales agreement. The contract should also have the buyers’ contact information so that you can reach them directly if needed. If this is left blank or has “and or assigns” listed, this is a red flag that you might not be dealing with the actual buyer.

Pay Close Attention to the Option Period

The option period is the time frame in which the buyer can back out of the contract for any reason. A legitimate home buying company will have a reasonable option period, typically no more than 10-14 days. If the option period is 30 days or more, this is a red flag that you are dealing with a wholesaler or middleman.

Make Note of the Earnest Money Deposit

When you make an offer on a house, the buyer will put down an earnest money deposit. This is a good faith deposit that shows that the buyer is serious about the purchase. A legitimate home buying company will typically have a higher earnest money deposit than a wholesaler or middleman. This is because they are the actual cash buyer and aren’t afraid of losing the deposit because they know they are actually going to buy the property.

Ask Directly If They Are the Actual Cash Buyer

If you are unsure if you are dealing with a wholesaler or the actual cash buyer, you can always ask them directly. A legitimate home-buying company will have no problem telling you that they are the actual cash buyer and will be able to provide proof if needed. A wholesaler or middleman might try to avoid mentioning their role but they might not want to outright lie if confronted with a direct question.

What Makes A Home Buyer Credible

Improve the Lives of the People They Serve

A credible home buying company will be focused on improving the lives of the people they serve. This might mean that they are willing to work with you to get you the best price for your house or it might mean that they are willing to help you find a new place to live if needed. A company that is only interested in making a quick buck off of your house isn’t exactly taking the actions of a credible local company.

Create Local Jobs

A credible home buyer company will also be focused on creating local jobs. This is good for the economy and it’s good for the people who live in San Antonio. A company that outsources all of its work to other states or countries isn’t exactly helping the local community.

Increasing Neighborhood Values

A credible home buyer company will also be interested in increasing neighborhood values. This means that they will be buying houses and fixing them up so that they are worth more money. They might also be willing to work with the city to improve local infrastructure or increase public safety. All of these things can help to increase property values which benefit everyone in the community.

Make A Difficult Process Easy

The home-buying process can be very difficult and stressful. A credible home buyer company will make the process as easy as possible for you. They will work with you to give you the best price for your house and they will help you through the entire process from start to finish. This can take a lot of the stress out of the process by handling most if not all of the paperwork and interfacing with the title company.

What Makes A Home Buyer Credible

If you are looking for a credible home buyer company in San Antonio, Texas, look no further than Capstone Homebuyers. We are a local company that is interested in improving the lives of the people we serve. We create local jobs and we are focused on increasing neighborhood values. We also make the home buying process as easy as possible. Our reviews are legitimate and we do everything we can to go above and beyond for our customers. We love the people of San Antonio and this is the only city where we buy houses. Contact us to see how we can help.

Understanding The Beginning of the Foreclosure Process In Texas

Colby Hager on September 1, 2022

Understanding The Beginning Of The Foreclosure Process In Texas

One of the most difficult experiences a homeowner can go through is foreclosure. It can be financially and emotionally devastating, and it can damage your credit for years to come. If you’re facing foreclosure in Texas, it’s important to understand the process so that you can take the necessary steps to protect your rights.

If you wait too long, you may find yourself in a situation where you are unable to sell your property and are forced to move out. With this in mind, it is important to be aware of the foreclosure process in Texas so that you can take action to prevent it from happening to you.

The Beginning Steps To A Foreclosure In Bexar County

The first step in the foreclosure process is known as pre-foreclosure. This is when the lender sends a notice to the borrower informing them that they are behind on their payments and that they need to catch up within a certain period of time or face foreclosure.

If the borrower doesn’t catch up on their payments, the next step is a Notice of Default and Intent to Accelerate, which is sent by the lender informing the borrower that they have failed to make their payments and that they have 30 days to catch up or face foreclosure.

If the borrower still doesn’t make their payments, the next step is a Notice of Acceleration and Posting of Foreclosure, which is sent by the lender informing the borrower that their home will be sold at a foreclosure auction in 21 days. At this point, the borrower has two options: they can either try to sell their home to prevent foreclosure or they can let their home be sold at auction.

What Is A Pre-Foreclosure In Texas?

When a homeowner misses 3-6 months of mortgage payments, the lending institution will issue a warning, notifying the homeowner to pay or lose their home. This period is known as “pre-foreclosure.”

Banks and mortgage lenders typically provide three months for the homeowner to become current. Of course, this number can vary by bank and situation sometimes.

If a homeowner fails to make the necessary payments, the bank will foreclose on the home, assuming ownership, and evict the homeowner. Thankfully, during this stage of the foreclosure process, a mortgage holder has the opportunity to take advantage of several options to prevent losing their home.

What Is A Notice of Default?

The “Notice of Default and Intent to Accelerate” gives formal notice about the borrower’s default. This allows them an opportunity (at least 20 days) for curing it, although most substitute trustees handling foreclosures for banks in Bexar county feel that 30 days to cure is the safest way to ensure a proper foreclosure is being conducted.

The notice of default is a very important step within the foreclosure process that gives people with an interest in the property to step forward and claim their rights – before it’s too late. If you’ve received a notice of default, don’t wait. Time is definitely of the essence, and you should take action.

Options Available To Homeowners At The Beginning Of The Foreclosure Process

You may be able to quickly sell your home to a reputable real estate investor in San Antonio TX like Capstone Homebuyers

We use cash to pay the months of back-payments owed (or we *may* be able to work out something with the lender that relieves all or part of your back payments). We can buy your San Antonio area home quickly, often in just a week or two, will pay in cash, and takes the stress out of trying to find a buyer.

You can contact the bank and ask them to permit a short sale

In a short sale, you’ll sell your home for less than it’s worth, and the bank will take the loss as a tax write-off. In some short sales, you may still be required to pay the difference to the bank if the house doesn’t sell for what is owed on the loan.

You may be able to declare bankruptcy

Bankruptcy can buy you time to pay your debt. Bankruptcy will remain on your credit report for years and can cause significant damage. There are some risks that go along with this strategy so make sure you understand the pros and cons of filing bankruptcy to avoid forclosure.

Request a loan modification

This is when the bank will allow you to wrap your back payments into your loan or tack them onto the back end of your loan. While this option can save you from moving closer to a foreclosure, it can be costly at the end of your loan.

Be Aware Of Foreclosure Scams

If you’re in foreclosure and are looking for a solution to avoid foreclosure and get foreclosure help in Bexar County TX, here are some “solutions” some less-than-honest companies may offer and what you need to watch out for.

Charging upfront fees to get mortgage assistance from lenders. Fannie Mae says, help is free. Some companies will try to charge you for talking with your lender about your mortgage to find a solution. Don’t fall for it; this is one of the classic foreclosure scams. You can talk with your lender about the mortgage and your options anytime with no charge, or work with a company that will do your loan counseling for you for free.
Signing over the deed to your home at your kitchen table. Never sign over the deed to your house unless you’re working with your mortgage company to forgive your debt… unless you’re physically selling your house to that company. If that’s the case, ask the company to do everything at a reputable attorney's office so everything is on the up and up (always consult legal advice before ever signing over your deed).
Try to say you don't need to work with a professional or have an attorney handle the paperwork. Selling your house, whether you’re in foreclosure or just need to sell quickly, should be done with the help of certain professional services. With every house we buy, we always use a neutral 3rd-party title company to handle the closing, drawing up the closing documents, and all related paperwork.

Sell Your House To A Reputable San Antonio Based Company

You’re about to lose your home and you don’t know what to do. You’ve tried talking to your bank, but they won’t help you.

We can help people avoid foreclosure at the last minute. If your house is facing foreclosure in days, we have solutions that can help you prevent foreclosure.

Foreclosure doesn’t have to be inevitable. Capstone Homebuyers offers solutions that can help people save their homes at the last minute. Contact us today for more information.

Relocating and Selling Your House Quickly

Colby Hager on August 31, 2022

Relocating and selling your house quickly. How to sell your house fast for cash to a reliable buyer without worrying about whether or not it will actually sell.

Selling Your House When There Is A Divorce

Colby Hager on August 26, 2022

Selling Your House When There Is A Divorce

We buy houses in San Antonio, Texas, and provide residents with the ideal way to sell their homes fast by offering cash for houses. If you’re going through a difficult divorce and trying to figure out what to do about your house that needs to be sold, then keep reading this blog post to get our best suggestions about selling your house when there is a divorce.

For couples going through a divorce, the process can be both emotionally and financially draining. One of the biggest sources of stress often comes from the division of assets, including the family home. If you find yourself in this situation, you may be wondering how to sell your house during a divorce.

When To Sell A House If There Is A Divorce

Deciding when to sell a house that is part of a divorce can be a difficult and emotionally fraught decision. On the one hand, selling the house quickly may be important for settling financial matters and moving on with your life. However, it is also critical to consider the condition and market value of the house before making any final decisions.

A number of factors can affect the sellability of a house in the divorce context, including whether there are children involved, how well the property has been maintained, and what resources are available to make renovations or repairs if needed. Ultimately, determining when to sell will be an individual decision that should be made based on your unique circumstances and personal priorities. But whatever you decide, it is crucial to carefully consider all aspects of your situation before proceeding.

Selling A House During Or After A Divorce Can Be Complicated

When selling a house during or after a divorce, it is important to be aware of the unique challenges that can arise.

In the middle of a divorce, selling a house can be particularly complicated and stressful. This is because any decisions about the sale must be made jointly and in accordance with an official court order or agreement between both parties. This can mean having to deal with conflicting priorities and making difficult compromises, often while feeling emotional and overwhelmed by everything else going on in your life.

On the other hand, selling a house after a divorce typically involves working with the court system. This often involves obtaining a legal decision or decree that addresses key issues such as property division and spousal support, which can make it easier to proceed with the sale. However, there may also be delays caused by unresolved disputes between the parties or requirements related to child custody arrangements, which can extend the time it takes to complete the sale. In either case, those involved in selling a house during or after a divorce will benefit from seeking professional guidance from real estate agents or expert home buyers who are familiar with these types of situations.

Overall, whether you are trying to sell your home during or after a divorce, it is crucial to be aware of the challenges ahead of time.

Sell Your House The Fastest Way

Now that the decision has been made to sell the house, speed and/or selling on a specific date is usually the next item on the agenda. Most people consider one of two options when selling a house during or after a divorce.

Selling The House With A Real Estate Agent

While there may be some benefits to working with an agent, there are also several potential downsides that should be considered. For example, agents often charge hefty commissions, which can eat into the proceeds from the sale and make it more difficult for parties to come to an agreement regarding property division. Additionally, working with agents may simply prolong the ordeal of selling during a divorce rather than expediting it, as each party will need to continue communicating and negotiating even after moving forward with their respective sales.

Despite some drawbacks, real estate agents do give your house access to the biggest pool of buyers, and selling with an agent is an option that most people explore first.

Selling The House To A Direct Cash Buyer

Direct home buyers such as Capstone Homebuyers offer an alternative option for selling a house fast in the midst of a divorce. By working directly with buyers rather than agents, you can be sure that you are getting a fair offer and that your needs are being prioritized. Furthermore, using a direct buyer can help to streamline the selling process, so that you do not have to wait weeks or months for your home to sell through traditional methods.

Also, most companies that buy houses have experience with purchasing houses from complicated situations like divorce and know how to navigate the moving parts. Sometimes, they may even be able to make things easier and faster than you may have thought possible. For these reasons, some homeowners feel this option may be the best option for ensuring peace of mind and getting your home sold quickly and fairly.

The Easy Way To Sell A House In Divorce

Selling a house in divorce can be a difficult and complicated process. Divorce is hard enough without having to worry about selling your house. You may not know where to start or what to do next. The stress can be pretty overwhelming.

Capstone Homebuyers is here to help. We are experts in buying houses in divorce and we buy houses with fair, all-cash offers and take care of the paperwork and make the process of selling easy.

Call us to find out how we can help no matter what the situation.

Selling A Tenant Occupied Property: What You Need To Know

Colby Hager on August 25, 2022

Selling A Tenant Occupied Property: What You Need To Know

Selling a tenant-occupied property is a likely reality at some time or another as a landlord. Eventually, there will come a day when you want or need to sell your property because of any number of reasons. When that time comes, you’ll likely want to sell and get cash for your San Antonio house.

Even if you have tenants, it is your property and you may sell it if and when you want. In some cases, you’ll be able to let your tenants know, and it won’t be an issue. However, you also don’t want to risk losing your tenants and being stuck with a vacant home while your house is on the market. That said, the tenants have rights, and you want to make sure you aren’t violating them.

The best way to handle the situation is with open communication and making sure everyone is treated fairly during the process. That includes making sure the new buyer knows that the tenants that are living in the home have a lease (even if it’s month to month) and they need to be treated fairly after the sale.

Selling A Rental When Tenants Are Still Living In The House

Owning a rental property seems like a great idea. You buy it cheap, you find a tenant, and then you profit from the rental income while you manage the property… how hard could it be?

The problem is, it’s often much harder than people realize and you may find (as many landlords do) the surprising truth of being a landlord: You give up much of your personal life – no more private time, no more vacations, no more weekend getaways… all because you’re so busy as a landlord.

Even if you properly evaluate your tenants beforehand, locating, securing, and screening tenants are some of the things most landlords look forward to the least.

However, you never want to speed through the process just to fill a vacancy quickly. Allowing a poor tenant to rent your property will only end up costing you time and money in the long run.

Owning a rental home will keep you busy. There’s the work required to find the property, then to fix it up, then to find a tenant, then to answer the phone from them every time they call. Even if they call late at night because the toilet is overflowing, you have to take their call and deal with it. All of this may have you considering the sale of the property prior to the lease ending.

Plus there is the constant worry about vacancies and thinking about what a vacancy will really cost you. Calculating the cost of vacancy or COV is critical when deciding to keep or sell your vacant rental property.

How To Sell Your House While It's Leased

What does your lease situation look like? If you have a month-to-month lease, ending it shouldn’t be too difficult. You will need to provide a fair amount of notice to your tenant, typically 30-60 days.

If you are in the middle of a long-term lease, things are a bit different. If you want to sell mid-lease, you’ll either need to sell the property to an investor who will honor the lease, or give your tenant some sort of incentive to move out.

Some leases contain early-termination clauses that would allow you to end the lease early in certain situations. Remember, the tenant has rights too under the fair housing act, and if you violate those rights, you could find yourself in quite a bit of hot water.

If you have difficult tenants and your tenant has violated their lease, you should be able to evict them without an issue. That said, if your tenant is refusing to leave, the eviction process can become long and arduous. Most landlords try to avoid dealing with tenants‘ evictions at all costs.

By selling a property with tenants directly, you’ll be able to avoid the eviction process yourself and be able to move on from the house with cash in hand. Many direct buyers will simply take over the lease and business will go on as usual. If the tenants are in violation of the lease, the buyer will go through the eviction process as necessary.

Plus, a direct sale will help you avoid having to list, market, and show the property, things would likely cause even more tension between you and your difficult tenants.

Selling The Property Directly To The Tenants

When considering your options for selling your property while it is still being leased, a great place to start is with the tenants you have already living in the home. If they have been there for a while, they have likely grown comfortable. If homeownership is something they are interested in, the process doesn’t get much easier. They won’t have to move, you won’t have to clean up after old tenants… everybody wins!

That said, if they haven’t purchased a home in the past, there may be a reason why. Make sure your tenants are qualified to buy your house and that they are able to come up with a down payment and other buying costs before getting your hopes up about a sale.

Sell The Tenant Occupied House To A Direct Buyer

There are many reasons why a direct sale to a cash home buyer is beneficial for people who need to sell a tenant-occupied property. Investors are happy to take over a house that already has a tenant in place, especially when they are in good standing.

It saves them time and money advertising, marketing, and showing the property. They won’t have to bother screening tenants or running background checks because those things have already been done.

Even if there is a difficult tenant living in the home, an experienced company that buys houses won’t have trouble pursuing the eviction process if the tenant is in violation. They have likely had to do it before, and won’t be bothered by the process.

If you want to sell your house in San Antonio, there are certain ways to go about doing it. Always make sure you are being fair to your tenants, and giving the proper amount of notice. Not only is it the law, but it is the right thing to do.

At Capstone Homebuyers, we purchase houses in any condition (even if your tenant trashed your property). No matter what your situation is, we got you covered. Our process will be fast, efficient, and seamless, making things simple for both you and your tenants.

Should I Fix My Foundation Before I Sell My House

Colby Hager on April 15, 2022

Are you looking to sell your home but have foundation problems? Fixing your foundation may be the best way to increase its value. The cost of repairing a foundation can range from $1500 all the way up to over $20,000, but can oftentimes close the gap on the selling price for homes that are priced below market value.

If you’re thinking about selling your home, it’s worth weighing the pros and cons before listing it on the market. Selling a house that has foundation problems to a typical homeowner can be challenging. Find out if repairing the foundation of your home prior to selling is right for you.

Is It Worth Fixing The Foundation Of A House?

Selling a house that has foundation problems is not an easy task. The majority of homeowners will look at your home and disregard it quickly due to its issues. If you’re thinking about selling a house with broken walls, cracked flooring, or a sloped foundation, you might have some trouble. The difficulty is getting buyers to accept a home with a major flaw. People who are looking to move into a home want the home to be ready to actually move in.

Houses with foundation issues can scare first-time homebuyers. They can also scare lenders. Many times, homes with obvious foundation issues do not get approved for home loans.

Fixing the foundation prior to selling is a really good idea when you think about how the buyer will view the home if you don’t fix the issues. However, there are other factors that you have to consider as the owner of a home with foundation issues.

Are There Risks To Fixing My Foundation Before Selling?

There can be risks to fixing your foundation before you sell. Often, repairing a foundation has hidden costs and pitfalls that most homeowners aren’t aware of. Take these into consideration when deciding whether or not to repair your foundation:

You have to make sure you work with a reputable, licensed, and bonded foundation repair company. There are some great contractors out there but there are some bad ones as well. It’s not always wise to use the cheapest repairman.
Foundation repairs can be expensive. You have to budget for the foundation repairs. Make sure you don’t start something you will have difficulty finishing.
Repairing the foundation can sometimes cause additional problems in the home. Issues like additional sheetrock cracks, broken plumbing pipes, and stuck doors and windows are actually quite common. Factor these items in when budgeting for your repairs.
Make sure you plan on fixing all signs of previous foundation problems. If the house still appears to have foundation issues, it will still scare prospective buyers.

Can I Sell My House If The Foundation Has Been Repaired?

Yes, you can sell a house with repaired foundation problems. However, it’s important to make sure everything is done right and that the buyer knows about all of the repairs and issues involved in purchasing your home. Most buyers want a foundation warranty to be transferred to them upon the purchase of the property. Other buyers may want documentation from a structural engineer. Make sure you have all of the proper paperwork and documentation available upon request for the buyer.

Do You Have To Disclose Foundation Repairs?

Disclosing foundation repairs is important as is the need to disclose all of the issues in your home when selling. You never know what people will find out about the property if they pay for an inspection. Being upfront with buyers will save you from future liability headaches down the road.

Previous foundation repairs can be spotted by trained home inspectors. Trying to hide the fact that repairs have been done usually doesn’t work and can make it look like there is something more to hide. This will hurt more than help. It’s always best to disclosure what you know about the property you are selling.

You Can Sell Your House With Foundation Problems As-Is

You want to sell your house but you have foundation problems that need to be dealt with. You have thought about making repairs but aren’t sure about what the final cost will really be when everything is said and done.

Will it be worth it? Can you get your money back from all the repairs? How long will the process take?

Capstone Homebuyers is here to help. We buy houses with foundation problems across San Antonio for cash so you can move on with your life quickly and easily! We give you a fair, all-cash offer for your house in its as-is condition. No repairs, no fees, no commissions. Our offers don’t change. Can we help you? Give us a call today to see what we can do for you.

What To Do If A Real Estate Investor Backs Out From Buying Your House

Colby Hager on April 15, 2022

Selling your house to a San Antonio real estate investor is often the fastest and easiest way to get your house sold. Most of the time, real estate investors from we buy houses companies are local, near you, and buy your house with cash. This makes the process short, simple, and fairly certain. However, as with any profession, some people in the real estate investing business don’t always live up to those expectations. There are usually some signs that this might be happening to you. If you are experiencing problems with an investor in your home sale process, keep reading to get some tips on what steps to take next.

Signs An Investor Might Back Out Of Your Home Purchase

As mentioned above, a real estate investor may give some subtle and not so subtle indication that they are backing out from buying your home. Minor things such as unreturned phone calls and texts, or not showing up to an appointment might be excused if they only happen once or there is a good reason given. Ask yourself, does this person still seem interested in my home and engaged in the process they described? If not, and unprofessionalism is present, you may be looking at the beginning of an issue.

Other signs an investor is having cold feet are less subtle. They may ask to extend the closing date without providing a good reason. They may ask for a price reduction based on repair estimates that were never discussed. These are red flags that should cause you to be concerned about what is happening with the sale of your home. The worst of all is getting to the day of the closing and you haven’t had any communication with the home buyer and you find out from the title company that they aren’t ready for closing. If any of these things are happening to you or you suspect they may be happening to you, keep reading for what to do next.

Steps To Take If An Investor Fails To Close On Your Property

If an investor doesn’t follow through with the purchase of your San Antonio property, or you are concerned about the way they are handling the process of buying your house, there are certain steps you can take to make sure you aren’t left high and dry.

Go through these steps one by one and make sure you are following your instincts. These steps are meant to be a guide to determine if a real estate investor is an actual credible home buyer or if they are just trying to make a quick buck by taking you and your property for the proverbial ride.

1. Check The Reviews Of The Home Buying Company.

If the home buying company can’t be found online or doesn’t have great reviews, this may be an indicator that your suspicions or instinct is correct. However, if the home buyers have great reviews, and a legitimate online presence, maybe you are misreading the situation.

2. Call The Title Company Directly

This is a way to cut through the noise and make sure everything is on track with the sale of your home. The title company is a neutral party in the transaction and will give you honest information about where you are in the sale process. Don’t be worried about calling them, they are being paid to help you with your transaction.

3. Let The Homebuyer Know There Will Be No Extensions Or Price Reductions

A serious home buyer will not ask for extensions without very good reason. If they have a legitimate reason that is out of their hands, an extension could be acceptable. Otherwise, there should be no extensions if they are serious about buying.

There should never be a need for price reductions. A real estate investor who buys houses for a living will make you an offer that they are comfortable with. They do not need to lower the price at a later time.

4. Find A New Reputable Buyer

If the worst happens and your buyer is not closing on your property as promised, it may be time to move on and find a new buyer for your property. If you find yourself in this situation, make sure you do your due diligence and find a home buyer with a reputation for doing what they say.

Make sure and check out their reviews and their BBB profile. Our company is always ready to pick up the pieces from a broken sale and give you the home selling experience you deserve.

Sell For Cash While Getting The Experience You Deserve

If you are selling your house to a real estate investor and things aren’t going as planned, follow your instances, follow the steps listed above, and know that all hope isn’t lost.

Capstone Homebuyers is ready to step in and make you a fair offer for your San Antonio property. We have created a reputation of always following through and always doing what we say we will do when we say we will do it.

This means no failed escrows, no abandoned closings, and unreturned calls and texts. You should have a great experience when you sell your house fast the easy way. If you would like a second opinion about the sale of your home, just give us a call and we’ll be happy to help.