Sell a House Fast in San Antonio [Your Options in 2023]

Sell a house fast in San Antonio in 2023? Is it still possible?

Absolutely!

How Fast Are Houses Selling in San Antonio?

According to Redfin, San Antonio homes are taking more than twice as long to sell in 2022 versus 2023. In 2022, houses sold within 28 days on average. The trend in increasing days on market continue to the point where houses are selling within 58 days on average now. And that statistic is still on the rise.

How to Sell a House Fast in San Antonio in 2023

If you're thinking, "I want to sell my house fast! I don't want to wait that long!"

We get it.

Nobody wants to wait a long time to sell their house. Most people want to have it done and over with so they can move on with their lives.

Maybe it is not even a matter of wanting to sell your home quickly.

Maybe you are facing a situation that put you in a position to NEED to sell your house fast.

Bad things happen to good people all of the time.

While some people resort to prayers to sell a house fast, we want to give you some other options. Prayers are always a good idea, but sometimes He requires us to take some action.

So we at Danny Buys Houses, decided to put together this list of options to sell a house fast in San Antonio.

7 Tips To Attract a Buyer and Sell a House Fast

If you are not facing a situation that makes you need to sell fast, you can use these tips to make your house attractive to buyers.

When your house stands out and you offer incentives, you will get a buyer much faster.

1. Offer to pay closing costs
2. Offer to pay for a home warranty
3. Enhance your curb appeal with a bright door and fresh landscaping
4. Have professional photos taken (this is how AirBnb does so well)
5. Declutter if you have a lot of furniture - Professionally Stage if you do not
6. Choose a high performing real estate agent with proof they can sell in down markets
7. Price your house to sell (this is the quickest, most powerful way to sell fast)

If you'd like more options to entice buyers to notice your property, check out this article by USNews.

Bonus

You can even help a potential buyer get down payment assistance. San Antonio has great down payment assistance programs for first time and other buyers.

Their website states:

"The Homeownership Incentive Program (HIP 80) provides assistance for homebuyers in the general public by lending between $1,000 and $30,000 as a 0% interest / no payments second loan which can be used for the down-payment required by your lender and some of the additional costs associated with purchasing a home."

But I Need to Sell My House Fast, What Can I Do?

If you don't have the luxury or desire to hire a real estate agent, make repairs, do landscaping, pay for professional photography and staging, don't worry!

We've got you covered.

Sell Fast Option 1: Price Below Other Houses

You can list with an agent or sell the house 'for sale by owner' and price it enough below the other houses on the market to ensure a quick sale.

Requirements for this option

• Your house should be in pretty good shape as banks won't typically lend on houses that need lots of repairs
• If you go FSBO, you will need to make sure to post online and get the word out about the house being for sale
• You need to price far below enough to make it an obvious bargain. This is where most people go wrong with this option.

As of May 2023, according to Zillow, "the average San Antonio home value is $262,402, up 4.6% over the past year and goes to pending in around 27 days."

Sell Fast Option 2: Offer Owner Financing

If you are in a position to do so, you can offer financing for a prospective buyer. This allows you to tap into a market of buyers that don't have optimal credit.

You can sell a house fast with this option because there are many people with the financial means to stop renting but have dings on their credit that prevent them from attaining a bank loan.

Requirements for this option

• You need to own the house free and clear with no mortgage.
• You have to be ok with getting payments over time rather than all the money for the house at closing
• You will need to properly vet the buyer to make sure they have the ability to pay the debt obligation.
• You may have to foreclose on the buyer if they don't make the payments

Is it common to provide owner financing?

You might be wondering, who actually does this? Quite a few actually.

Nearly 100,000 notes in 2021 alone!

According to noteinvestor.com, "There was nearly a 7% increase in the number of notes created through seller financing with 89,678 in 2021 compared to 84,007 in 2020."

Sell Fast Option 3: Rent to Own

Similar to option 2 above, you can offer to rent to own. This is where you have a lease agreement with a potential buyer that gives them the option to buy the house within a certain number of years.

To learn more about rent to own in Texas, check out this article.

Requirements for this option

• You need to own the house free and clear with no mortgage.
• You will have a tenant.
• You will have to make repairs requested by the tenant.
• You have to be ok with the fact the tenant may not be able to get a loan to buy the house when the agreement is up.

Sell Fast Option 4: Sell To A Cash Home Buyer

Maybe you've heard of 'ibuyers'. They are companies that operate to buy houses, fix them up and sell them.

This option is the not only the fastest way to sell a house in San Antonio, it is also the most hassle-free.

Benefits of selling to a cash house buying company include:

• You won't need to make any repairs
• You can get all the money at closing instead of in payments
• You won't need to work with an agent and pay thousands in commissions
• You won't need to pay any fees
• You can close typically within a week (yeah, that is fast!)
• You won't have to wait months for a potential buyer that likes the house to come along
• You likely won't have to pay for a survey
• You won't have to pay for or go through having a professional inspection
• You won't have to make sure the house meets the requirements of the bank doing the financing for your buyer
• You don't have to worry about your neighbors knowing you are selling your house
• You won't have to clean the house out and get it ready for listing with an agent or showing to prospective buyers
• You can get on with your life faster

As you can see there are tons of benefits of working with a cash home buyer. There are even more benefits of selling to a cash home buyer but we didn't have time to list them all here.

Who Sells Fast to Cash House Buyers

A lot of people sell their house for cash. In fact, in October 2022, 31.9% of home purchases were made with cash according to Forbes.

Yes, you read that correctly. Almost a third of all houses sold!

Selling fast isn't the only reason people sell to cash buyers. Here's a quick list of why hundreds of homeowners have sold to Danny Buys Houses since 2004:

• To sell their house super fast in San Antonio
• To avoid making lots of repairs from years of deferred maintenance
• To avoid neighbors knowing they were selling
• To quickly divide the asset for divorce
• To avoid having to deal with family members living in the inherited house
• To get cash for an inherited house
• To avoid a pending foreclosure
• To sell quickly to buy another house
• To allow for ease in relocation

Regardless of the reason you want to sell your San Antonio house fast, you can count on Danny Buys Houses to give you fast, fair offer. There is no-obligation and no cost to get a cash offer.

Call us or fill out the form today to get your fair cash offer.