7 Tips to Sell Your Home in Houston in Today’s Market
- Published on
- 8 min read
-
Richard Haddad Executive EditorCloseRichard Haddad Executive Editor
Richard Haddad is the executive editor of HomeLight.com. He works with an experienced content team that oversees the company’s blog featuring in-depth articles about the home buying and selling process, homeownership news, home care and design tips, and related real estate trends. Previously, he served as an editor and content producer for World Company, Gannett, and Western News & Info, where he also served as news director and director of internet operations.
Selling your home in Houston requires more strategy when buyers have plenty of properties to choose from.
According to the Houston Association of Realtors (HAR), housing inventory in Space City has climbed to record levels, creating a different seller landscape than the tight levels seen a few years ago.
This means buyers have more time to compare homes, negotiate, and walk away from properties that don’t meet their expectations.
If you’re preparing to sell your home in Houston, here are seven tips to help you compete for buyers and make the most of your sale.
1. Price for today’s Houston market, not yesterday’s
When deciding what your home is worth, you may be tempted to start with what a neighbor sold for a few years ago or what an online home value estimator once told you. Or you might simply have a price in mind based on the proceeds you hope to make from the sale.
But buyers are comparing your Houston home with what’s available right now.
That’s particularly important when inventory is higher. A buyer who has several comparable homes to choose from has less incentive to stretch for what they might consider an overpriced house, no matter how much they love it. Pricing too high can mean fewer showings, more days on the market, and eventually a price reduction.
An experienced Houston real estate agent can prepare a comparative market analysis (CMA) using recent sales and competing listings to help determine a realistic starting price.
2. Prepare for Houston-specific buyer concerns
When preparing your home for sale, it’s important to understand which property issues are most likely to concern Houston buyers and decide which ones are worth addressing before you list.
Depending on the home and neighborhood, Houston sellers may need to pay particular attention to issues such as:
- Foundation or structural concerns
- Roof condition and previous storm damage
- Flooding or water intrusion
- Drainage problems
- HVAC condition and performance
- Stucco problems
- Other deferred maintenance
You don’t need to make your entire house look brand new, but you should identify problems that could discourage buyers, complicate an inspection, or become points of negotiation once you’re under contract.
“Any house is sellable without repairs,” says real estate agent Shawn Manderscheid, who’s been helping Houston sellers for nearly 30 years. “The question is, how much will you stand to lose because you didn’t do the work up front?”
Before spending heavily, Manderscheid suggests you consult with an experienced agent about the must-haves Houston buyers are looking for in your area. He adds that a good agent can advise you on “where to spend your attention and focus, and what to do or not do to prepare for the listing.”
That can be especially useful when you’re deciding between making a repair and simply pricing your home to reflect its current condition.
For example, Manderscheid says stucco can become an issue with some Houston-area homes. “This is even an issue in homes that are built within the last ten years,” he explains.
If an inspection uncovers a problem, buyers may become concerned about moisture intrusion or the potential scope of repairs. Rather than waiting for an unexpected issue to emerge after accepting an offer, Manderscheid recommends you share any known concerns with your agent before listing.
He also advises sellers to gather documentation for any major repairs and improvements you’ve already completed, especially roof replacements, foundation work, HVAC upgrades, and flood remediation. These can be helpful when marketing the property or responding to buyer questions.
For a comprehensive home preparation checklist, see our helpful guide to preparing your home for sale.
3. Make your home stand out when buyers have more choices
When buyers have more homes to choose from, presentation can make the difference between a listing that earns a showing and one that gets passed over.
A full-service agent will typically arrange for professional listing photos that show your home at its best. Before the photographer arrives, clean thoroughly, remove excess clutter, open blinds and curtains, and make sure the exterior creates a strong first impression.
Your agent should also identify the features that distinguish your home from competing Houston listings, such as an updated kitchen, a large yard, energy-efficient upgrades, a home office, a covered outdoor living space, or proximity to neighborhood amenities.
Don’t overlook improvements buyers can’t easily see in photographs. Give your agent a list of major upgrades, replacements, and special features so they can incorporate the most compelling details into the listing description and other marketing materials.
Once the listing goes live, make it as easy as reasonably possible for buyers to see the property. This might mean offering flexible hours for buyers requesting a showing before or after work.
For more ideas, see our guide to creating a real estate listing that gets more showings.
4. Expect buyers to negotiate, then evaluate the whole offer
An offer below your asking price can be disappointing, but price is only one part of an offer.
“My advice would be to take any offer seriously,” Manderscheid says. “Even if your first reaction is that the offer is far from the list price, try not to be emotional or take offense.” He adds, “A first offer is not indicative of how high a buyer will go, either.”
Rather than looking only at the number at the top of the offer, work with your agent to evaluate the entire package. Important factors to consider beyond price include:
- The potential buyer’s financing and proof of funds
- Financing, inspection, and appraisal contingencies
- Earnest money
- Requested seller concessions
- Repair requests or credits
- Closing timeline
- Other conditions that could affect the likelihood of closing
In short, a higher-priced offer isn’t necessarily your strongest offer if it comes with financing uncertainty, big concessions, or contingencies that increase the risk of the sale falling through.
Manderscheid warns that in a market where buyers have more leverage, you need to be prepared to adjust your expectations, especially if you are facing moving deadlines and trying to purchase your next home.
5. Know what you’ll actually make from the sale
As you make plans to sell your home in Houston, be certain you consider what your final proceeds might actually be after you deduct selling costs and your remaining mortgage balance.
Rather than trying to calculate every selling expense yourself, use the calculator below to get a ballpark idea of your potential costs and proceeds.
Houston Home Seller Closing Cost Calculator
Your actual expenses will depend on your property, purchase agreement, and negotiations with the buyer.
While a calculator can be a handy preliminary tool, Manderscheid says your agent should prepare a seller’s net sheet for you, breaking down your anticipated expenses and estimated proceeds based on a likely sale price.
6. Be ready for Texas disclosure requirements
Before you sell your home in Houston, you’ll generally need to tell prospective buyers about known material facts and the property’s physical condition.
For many previously occupied single-family homes, Texas requires sellers to provide a Seller’s Disclosure Notice. The form asks about the home’s systems and features, known defects or malfunctions, previous structural or roof repairs, environmental conditions, and other property information.
Flooding deserves particular attention in the Houston area. The disclosure notice asks sellers to provide information about previous flooding and water penetration, flood insurance claims, and whether the property is located in certain flood zones or floodways.
Don’t assume that a buyer will discover a known issue during the inspection. Talk with your agent about your disclosure responsibilities and provide complete, accurate information about known conditions.
Under Texas law, certain residential sales may be exempt from the standard Seller’s Disclosure Notice requirements. Ask your agent or a real estate attorney if you’re uncertain about what applies to your sale.
You can also use the Harris County Flood Education Mapping Tool to review flood-related information for properties in Harris County.
7. Choose the selling route that fits your priorities
When selling your home in Houston, your best approach depends on your property’s overall condition, your desired timeline, and your selling objectives. For example, if proceeds are your highest priority, using a top agent is usually your best option.
List with a real estate agent
For sellers who want to expose their home to the open market, an experienced Houston agent can help with accurate pricing, preparation, marketing, showings, negotiations, and the steps leading to closing.
Partnering with a local expert can be especially valuable in a sprawling market like Houston, where pricing and buyer expectations often vary considerably from one community to another.
HomeLight’s free Agent Match platform analyzes agent performance data, including transaction history and real customer reviews, to identify top-performing agents who have a track record of success.
Sell your Houston home for cash
If your home needs a lot of repairs or you’re looking for a fast, convenient sale — and proceeds are not your highest priority — a direct cash-offer sale may be a good solution.
House-buying companies or investors in Houston purchase homes as-is, which can allow you to skip repairs, staging, and traditional showings. The trade-off is that an investor’s offer will usually be lower than what you could get on the open market in an agent-assisted sale. Investors account for repairs and the need to make a return on the investment.
HomeLight’s Simple Sale platform connects sellers with the largest network of vetted cash buyers in the country. You can receive a no-obligation, all-cash offer in 24 hours and close in as few as 7 days.
Sell your Houston home with a local strategy
Your home’s neighborhood, condition, competition, and price point can all influence how your Houston sale unfolds. Some of these factors are outside your control.
What you can control is how you prepare for the market. Price your home based on current conditions, address the issues most likely to concern buyers, present it competitively, and be prepared to negotiate when a serious offer comes along.
Manderscheid offers one final reminder about the importance of choosing your selling strategy carefully:
“This will be one of the biggest financial transactions of your entire life,” he says, adding that you don’t want to take chances on an inexperienced agent.
If you don’t already have an agent, HomeLight’s free Agent Match tool can connect you with top-performing agents in Houston who have the local experience and market knowledge to successfully guide you through every step of the home-selling journey.
If you’re timing your home sale, check out HomeLight’s:
Writer Meaghan Hunt contributed to the original version of this post.
Header Image Source: (sepavone / Depositphotos)