Hutto, Tx. Sell your house fast.

Little, no, or negative equity? No worries. We can help.

How to sell your house fast in Hutto, Tx.

Hutto, Tx has seen phenomenal growth in the past 10 years. In 2000, the population was only 1,250. In 2010, the population has exploded to 28,142 residents. That’s 2,250% growth! More than 10,000 residents have migrated to Hutto in the past 4 years and more than 20,000 since 2005.

This kind of growth means lots of new development and lots of new subdivisions. A large number of people who bought houses in Hutto during the population boom bought pre-subprime crisis with zero-down loans. With stagnating or deflating real estate prices, a number of these homes lost value. Compound this with the current economic climate and the unemployment rate remaining close to 10%, this means many people can no longer afford their mortgage payment.

During this “perfect storm,” when multiple houses go up for sale in a neighborhood, their values continue to devalue everyone else’s property. The reason? Their houses are un-sellable. So, they keep slashing prices (if there’s enough room in the equity to do so) and the houses just sit there – month after month after month. Some go into foreclosure, the atomic-bomb of credit hits, and begin decaying (because the banks don’t maintain properties and they can’t sell the house either). Others may be lucky enough to turn their house into a rental property, however that still devalues the neighborhood and now, lucky you, you’re a landlord (and probably losing money every month). It’s a very tough position to find yourself.

People who now wish to sell their houses can’t. They find themselves in un-sellable homes. If a house was bought at $150,000 in 2006, they would have paid the balance down approximately $10,000 to $140,000. But in that same time-period, with the surplus of inventory, that same house’s worth has deflated to $135,000, thus making the house $5,000 “under water.”

How can this house sell?? The sad truth is that no matter how many real estate agents tell you it will sell for $150,000, there is no doubt that it will, in fact, NEVER sell at that price. Why are you told this? The answer is because the average cost to sell a house is about 10% of the house’s value (in this example, $15,000). They need to make their commissions which run 6%. There is nothing wrong with them making their commission, but you simply cannot squeeze “blood out of a turnip.”

So, what’s the answer? How do I sell my house in Hutto?

We are very excited to announce that we now have a brand new, very special program that can sell houses with little, no, or negative equity (and it’s not a short sale). We finally have a way to help – a way to sell your house fast at no cost to you. Contact us today or submit your house info and let us show you how. A ThinKHouses representative will contact you shortly.