How to Sell A House Fast in McAllen: Cash Offer Options

Pros and cons of selling to a McAllen house-buying company

Deciding if selling your McAllen home to a house-buying company is the right move? To help guide your thoughts, here’s a quick rundown of the most significant advantages and potential downsides of this approach:

Pros

• Sell fast: Cash sales in McAllen can expedite the process, potentially closing the deal in days rather than months.
• Skip repairs: House-buying companies will generally buy homes as-is, freeing you from costly and time-consuming repairs.
• Easy process: These companies accelerate the process, reducing paperwork and complexities.
• No staging or showings: There is no need to prepare your home for showings, open houses, or handle any staging.
• Flexible move-out dates: Most McAllen companies allow for flexible move-out dates.
• No financing delays: Cash transactions get rid of the wait for mortgage approvals.
• Reduced or no closing fees: Many house-buying companies will offer to cover most, if not all, closing costs.
• Sale is guaranteed: Once you accept the offer on your McAllen home, the sale is almost always promised to go through without contingencies that can delay or kill a traditional home sale.
• Can be a foreclosure solution: If you’re facing foreclosure, a quick sale can offer a convenient way out.
• Less work than a FSBO sale: It’s far less effort than selling your home on your own.
• Peace of mind: Quick sales can alleviate stress and give you peace of mind.

Cons

• Lower offers: You will probably receive less than market value for your McAllen home.
• Less competition for your home: With only one buyer, there’s no opportunity for competing offers or bidding wars.
• Can face hidden fees: Some companies may impose undisclosed fees.
• Not all companies are reputable: Beware of less reputable companies that may be operating in McAllen.
• A potential risk for scams: Do your research and make sure you’re dealing with a legitimate buyer.
• You give up control: The buyer dictates terms, leaving you with less control.
• No negotiations: Often, the initial offer is the final offer, meaning there are no negotiations.

Top-selling agent Brian Reed is CEO of the Ryan & Brian Real Estate Team, which sells homes 36% quicker than the average agent in McAllen. Reed emphasizes that while sellers likely won’t recoup the total value of their home when working with a cash buyer, the convenience factor is worth it for some people.

“You know, time and effort is money. And a lot of people in those situations want to get it done quickly — they won’t have to go through all those headaches,” he says.

Option 2: Hire a top McAllen real estate agent

Even when the countdown is on to sell your house in McAllen, partnering with a skilled real estate agent can be a game-changing decision. A seasoned agent boasts a deep understanding of the McAllen housing market, steering you toward a more timely and profitable home sale.

“In this competitive market, it’s crucial to have an agent who can help you navigate the process and make your home stand out. Agents have the marketing expertise and strategies to effectively reach potential buyers,” Reed says.

Next up, let’s take a quick look at current market conditions in McAllen, the benefits of working with a real estate professional, and how to identify a top-tier agent in your local area.

How fast are homes selling in McAllen?

As of the third quarter of 2024, the median days on market (DOM) in McAllen is 70 days. The DOM represents the time between listing your house and securing a signed contract. Once a home goes under contract, it typically takes an additional 44 days for buyers to finalize their purchase loan and officially close the process, bringing the total selling timeline to roughly three and a half months.

Currently, the median home price in McAllen is $240,000, while the inventory level hovers around 7.6 months. This indicates a market tipped in favor of buyers, where supply outweighs demand and homes are turning over at a slower rate.

“We have a current inventory of about seven months if you look at all price points considered. But if you look below $300,000, we have an inventory below five months,” says Reed. This is good news for homeowners with a sales price below $300,000 who are hoping to move faster in McAllen’s current market.

Here is a snapshot of current real estate conditions in McAllen:

*Does not include the typical 44 days a buyer needs to close on a purchase loan.

Data source(s): Texas Realtors, World Population Review

Benefits of selling with a top McAllen agent

One of the most sure ways to guarantee a quick home sale is to work with a top McAllen real estate agent. They possess unparalleled knowledge and honed skills that can not only facilitate a speedy sale but also lock in a higher price for your property. Let’s explore some of the key benefits that make teaming up with a seasoned agent in McAllen a smart decision.

• Ability to sell for more: A seasoned agent can utilize their knowledge of the local McAllen market to help you set an optimal price that attracts buyers and maximizes your returns.
• Can generate a speedy sale: Through their diverse network and marketing strategies, a top agent can quickly find interested buyers for your home.
• Accurate, effective pricing: With an extensive understanding of market dynamics and pricing trends in McAllen, a skilled agent can help you price your home effectively to ensure a faster sale.
• Professional negotiation skills: Top agents have well-practiced negotiation skills that can accelerate the sale process and secure a favorable deal for you.
• Expert partner by your side: An experienced McAllen agent can guide you through the selling process with ease, saving you stress and time.
• Will know what to fix and not fix: A knowledgeable agent can advise you on essential repairs or improvements to enhance your home’s appeal without wasting time on unnecessary upgrades.
• Elevated marketing: A top McAllen agent will use professional marketing tactics, such as high-quality photography, social media, and targeted advertising, to reach a broader audience more quickly.
• Contract savviness: Seasoned agents are well-versed in handling real estate contracts, ensuring all terms are favorable and speeding up the closing process.
• Can manage documents and disclosures: Handling real estate paperwork can be time-consuming and confusing. A top-rated McAllen agent can take care of these tasks, freeing up your time.
• Network of skilled professionals: Locally connected agents have a trusted network of professionals, like inspectors, contractors, and stagers in McAllen, who can help you prep your home for listing quickly and efficiently.

Even if you are leaning toward requesting a cash offer for your McAllen home, top professionals like Reed recommend you consult with an agent first. Agents can give you a thorough overview of your selling options in McAllen and help you decide when it might be best to avoid a cash offer — especially if it significantly undervalues your home.

How to find a top McAllen real estate agent

Choosing the right McAllen real estate agent can make all the difference in a swift and prosperous home sale. HomeLight’s Agent Match platform is designed to help. By analyzing 27 million real estate transactions and thousands of past client reviews, we can connect you with a top-rated agent who knows the ins and outs of the McAllen market. Whether you’re selling your home or buying a new one, HomeLight can guide you to the perfect agent for your needs.

Expert agent tips to help sell your McAllen house fast

Top real estate agents in McAllen understand how to market a property for a fast sale. Below, you’ll find some insider tips recommended by leading agents that are tailored to McAllen’s unique lifestyle and current market conditions:

• Capitalize on your home’s energy efficiency: Texans are becoming increasingly conscious of energy efficiency. Highlight any energy-saving features of your home, from solar panels to efficient air conditioning systems.
• Stage an inviting home office: Have your listing agent and a professional home stager do a walkthrough of your home to provide perspective and recommendations on how it can appeal to local buyers. Top McAllen agent Monica Acevedo recommends putting a white comforter on the primary bed and freshening up paint on baseboards and in the entryway.
• Don’t overprice your home: Reed cautions not to overprice your home. “As the market is becoming more stable, you have to price it at a sort of price – because if you’re going to try and press it too high, you’re gonna price yourself out of the market,” he says.
• Prioritize outdoor spaces: Highlighting outdoor spaces is more important than ever to help your home stand out in the Rio Grande Valley. Show off your property’s patio, deck, garden, and any additional outdoor features perfect for relaxing or entertaining.
• Emphasize proximity to local attractions: Highlight your home’s location in relation to McAllen’s renowned cultural landmarks, like Quinta Mazatlan.
• Get a pre-listing home inspection: Top agents like Reed recommend conducting a professional home inspection, radon test, and termite inspection before listing. However, check with your agent about seller disclosure rules in Texas.
• Pay extra attention to your roof: According to professional home inspector Rolando Arriaga, McAllen roofs are prone to damage due to the hot and humid Rio Grande Valley climate. “We recommend that buyers and sellers have their roof periodically inspected, trim tree limbs away from the structure, and avoid walking on roofs,” he shares.
• Use professional photography: Especially in McAllen’s current market, high-quality photos can make your home stand out on multiple listing sites and attract more potential buyers.
• Consider timing: McAllen’s housing market can have seasonal fluctuations. Consult with your agent to choose the optimal time to list your home, or check out HomeLight’s Best Time to Sell Calculator.

Reed emphasizes that the COVID market in which homes could be sold with simple iPhone photography is over. Sellers must return to the fundamental steps to make sure their home stands out in McAllen, especially with its surplus of inventory.

“You have to have good marketing and get photos and good videos, stage the home, and make minor repairs that will pop up on inspection. You’re going to have to get back to the basics of making your property stand out,” Reed recommends.

Ready to sell your McAllen house fast?

Your ideal path to a quick home sale depends on your unique needs and goals as a seller.

• If your top priority is speed, a cash offer through HomeLight’s Simple Sale could be your ticket to a fast, convenient transaction in McAllen.
• On the other hand, if you’re looking to maximize your profits, engaging an experienced real estate agent who knows the McAllen market can ensure your home is marketed well and priced to sell. HomeLight can connect you with top-rated agents in The City of Palms.

Still weighing your options between requesting a cash offer or hiring an agent? It’s worth considering both. Comparing a cash offer from Simple Sale with an agent’s advice can provide the comprehensive insight you need to make an informed decision.

Now that you’re equipped with expert knowledge, valuable resources, and a variety of practical strategies, you’re in a prime position to navigate the McAllen market for a streamlined and successful home sale.

If you’re trying to sell your home fast in McAllen because you’re buying and selling at the same time, check out HomeLight’s Buy Before You Sell program. This innovative buy-sell solution lets you make a faster, stronger, non-contingent offer on your new home and only move once. Watch this short video to learn more.