Pricing your Houston home in owner financing
Here’s the guide to know how to price your Houston home the right way and why to sell it in our program.
Whether you are planning to sell your home traditionally or with owner financing, Shop Owner Finance can help you get the best price and sell faster.
We close quickly because we are able to target a larger pool of buyers. We will aggressively market your home to regular buyers looking to obtain a traditional mortgage. What makes us stand out is the fact that our program will help you avoid any last-minute surprises if the buyer’s financing falls through.
Our specialization in working with credit-challenged individuals and families eliminates uncertainties associated with selling a home in Houston. You can either sell to an investor in our network (You will get the full proceeds of the sale on closing just like you do when you sell to a buyer financed by a traditional lender) or make passive income month-after-month, year-after-year by directly owner financing your home to a credit-challenged home buyer.
In an owner financing arrangement, you will have access to our proven system that we have mastered by using it in hundreds of owner financing deals. Our team of lawyers, agents and other professionals will help you every step of the way. You will find it extremely easy to navigate your way through various financial and legal obligations.
By listing your home with Shop Owner Finance, you will follow the best practices when it comes to pricing your Houston home:
- We will study all the homes listed and sold in your neighborhood in the past few months and collect ‘comparable sales’ data.
- Based on our research into the homes of similar size and condition in your location, we will come up with a median price.
- We will take into consideration all the unique features of your home and how they add value. Based on a professional assessment, we will determine the listing price for your home.
Here are a few things you should avoid while pricing your home:
Not pricing it right from the start
Many home sellers either overprice or underprice when they list their homes on the market.
Overpricing can happen due to the lack of experience and professional knowledge, emotional attachment or miscalculations about the true value of your home’s features.
Many sellers underprice their home hoping that they will get multiple offers and a bidding war will help them sell faster and above the listing price.
Both - underpricing and overpricing - are mistakes that you need to avoid.
You should price your home right from the beginning.
Hiring a realtor who is offering the highest listing price
You shouldn’t hire a real estate agent based on the price he or she is offering to list your home for.
As already mentioned, there is a practical approach to determining your home’s listing price. Many agents offer a high listing price to tempt sellers into hiring them.
If you are interested in learning more about our program, contact us today.