How to Sell My House Fast in McKinney, TX: Cash Offer Options

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

Contemplating if selling your McKinney home to a house-buying company is the correct choice? To help guide your decision, here’s a quick rundown of the most important advantages and potential pitfalls of this option:

Pros

• Sell fast: Cash sales in McKinney can accelerate the process, potentially closing the deal in days rather than months.
• Skip repairs: House-buying companies generally buy homes as-is, freeing you from costly and time-consuming repairs.
• Easy process: These companies streamline the process, reducing paperwork and complexities.
• No staging or showings: You won’t set aside time to prepare your home for showings, host open houses, or complete any staging.
• Flexible move-out dates: Most McKinney companies allow for adjustable move-out dates.
• No financing delays: Cash transactions eliminate the wait for mortgage approvals.
• Reduced or no closing fees: Many house-buying companies shoulder most, if not all, closing costs, practically eliminating traditional seller fees.
• Sale is guaranteed: Once you accept the offer on your McKinney home, the sale is almost always promised, without contingencies that can delay or kill a traditional home sale.
• Can be a foreclosure solution: If you’re facing impending foreclosure, a fast sale can offer a way out.
• Less work than a FSBO sale: Much less effort than a “For Sale By Owner” listing.
• Peace of mind: Quick sales can alleviate stress and provide peace of mind.

Cons

• Lower offers: It’s probably you will receive less than market value for your McKinney home.
• Less competition for your home: With a single buyer, there’s no opportunity for offers to spark a bidding war.
• Can face hidden fees: Some companies may impose hidden fees.
• Not all companies are reputable: Beware of less reputable companies that may be operating in the McKinney market.
• 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, you can’t negotiate, as the initial offer is the final offer.

Tanya Endicott is a top-performing agent in McKinney with over 24 years of real estate experience. She also works with 79% more single-family homes than the average McKinney agent. Endicott emphasizes the downsize that sellers will lose out on value when working with a cash buyer.

“If a company is going to buy your house for cash, they are taking your equity, and that’s money that you could have put in your pocket,” she warns.

Option 2: Hire a top McKinney real estate agent

Even when the time is ticking by to sell your McKinney home, teaming up with a skilled real estate agent can be a game-changing decision. A seasoned agent boasts a deep understanding of the McKinney housing market, steering you toward a more swift and prosperous sale.

“Not every agent is created equal. So, a good agent will be able to come into your house and help you decide the advantageous upgrades or marketing techniques to be able to market your house,” Endicott remarks.

Below, we’ll take a quick look at the current market conditions in McKinney, as well as the benefits of selling with a real estate agent and how to identify a top-tier professional in your local area.

How fast are homes selling in McKinney?

As of September 2024, the median days on market (DOM) in McKinney is 53 days. The DOM represents the time between listing your house and having 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, rounding out the total selling timeline at just over three months.

Currently, the median home price in McKinney is $527,745, while the inventory level hovers around 3.7 months. This indicates a market that is tipped ever so slightly in favor of sellers, where homes are moving steadily, and demand still outweighs supply.

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

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

Data source(s): MetroTex Association of REALTORS, World Population Review

“How fast the homes are selling depends on the price point. If it’s a price point, say, $450,000 or under, they’re selling pretty quickly, and I would say within the first two months. If it’s over, say, $650,000, they’re selling a little bit slower,” says Endicott.

She also notes that certain neighborhoods are selling faster than others, such as Downtown McKinney, where there are many historic homes that appeal to a specific type of buyer.

Benefits of selling with a top McKinney agent

One of the most promising ways to secure a quick home sale is to work with a top McKinney real estate agent. They possess the knowledge and skills that can not only facilitate a faster sale but also maximize your property’s final price. Let’s look at some of the key benefits that make working with an experienced agent in McKinney a wise choice.

• Ability to sell for more: A seasoned agent can leverage their knowledge of the local McKinney market to help you set an ideal 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 a honed understanding of market dynamics and pricing trends in McKinney, an experienced agent can help you price your home effectively to ensure a quick sale.
• Professional negotiation skills: Top agents have successful negotiation skills that can expedite the sale process and secure a favorable deal for you.
• Expert partner by your side: An experienced McKinney agent can guide you through every step of the selling process, easing the stress and saving you time.
• Will know what to fix and not fix: A knowledgeable agent can advise you on which repairs or improvements are essential in McKinney’s market. “The things that bring you the most money always are going to be flooring and paint,” Endicott says.
• Elevated marketing: A top McKinney agent will use professional marketing techniques, such as high-quality photography and targeted advertising, to reach a broader audience.
• Contract savviness: Seasoned agents are masters at handling real estate contracts, ensuring all terms are favorable and speeding up the closing process.
• Can manage documents and disclosures: Handling the paperwork can be overwhelming for a homeowner. A top-rated  McKinney agent can swiftly manage this for you, giving you back time.
• Network of skilled professionals: Locally connected agents have a network of trusted professionals like McKinney inspectors, contractors, and lawyers, ensuring any essential tasks are completed quickly and efficiently.

Even if you are leaning toward requesting a cash offer for your McKinney home, top professionals like Endicott recommend that you consult with an agent first. They’ll paint a clearer picture of your available options so that you can make a fully informed decision about what’s best for you and your family.

How to find a top McKinney real estate agent

Finding the right real estate agent in McKinney can make all the difference in a streamlined and profitable home sale. HomeLight’s Agent Match platform is designed to help. By analyzing 27 million real estate transactions and thousands of client reviews, HomeLight can connect you with top-rated agents who know the nuances of the McKinney market. Whether you’re selling your home or buying a new one, let HomeLight help guide you to the perfect agent for your needs.

Expert agent tips to help sell your McKinney house fast

Top real estate agents in McKinney are well-practiced in how to market a property for a fast sale. Below, you’ll find expert home-selling tips recommended by leading agents that are tailored to McKinney’s unique lifestyle and market conditions:

• Capitalize on your home’s energy efficiency: McKinneyns are increasingly conscious of energy efficiency, especially in the Texas heat. Highlight any energy-saving features of your home, from solar panels to efficient air conditioning systems.
• Don’t overprice: “The biggest thing is, don’t overprice your house,” Endicott cautions. Overpricing can lead to extended days on market and stagnant offers, so be careful to set an accurate list price from the start.
• Stage your home correctly: “Certain things work to set your home apart from the other available properties, and staging is one of those,” Endicott says. Your listing agent and a professional home stager can do a walkthrough of your home to give recommendations on what will make it most appealing to local McKinney buyers.
• Prioritize outdoor spaces: Highlighting your home’s outdoor spaces for relaxation or entertaining guests is more important than ever. Show off your property’s patio, deck, garden, and any additional outdoor features to make it stand out.
• Emphasize proximity to local attractions: Highlight your home’s location in relation to McKinney’s renowned cultural landmarks, like its historic Downtown.
• Get a pre-listing home inspection: Top agents like Endicott recommend conducting a professional home inspection, radon test, and termite inspection before listing. However, check with your agent about seller disclosure rules in Texas.
• Use professional photography: Especially in McKinney’s increasingly competitive market, high-quality, professionally done photos can make your listing stand out online and attract more potential buyers.
• Consider timing: McKinney’s housing market can ebb and flow seasonally. Consult with your agent or check out HomeLight’s Best Time to Sell Calculator to choose the best time to list your home.

Ready to sell your McKinney house fast?

Your route to a quick, successful sale in McKinney depends on your individual needs and goals.

• If speed is your priority, a cash offer through HomeLight’s Simple Sale could be your golden ticket to a fast, convenient home sale in McKinney.
• On the other hand, if you’re looking to optimize your profits, bringing in an experienced real estate agent who knows the McKinney market can ensure your home is marketed effectively and priced to sell fast. HomeLight can connect you with top-rated agents in McKinney.

Still weighing your options? It’s worth considering both approaches before settling. Comparing a cash offer from Simple Sale with an agent’s opinion can give you a comprehensive overview of your options.

Equipped with a clear understanding of your options, plus expert knowledge and resources, you’re in an optimal position to navigate your swift home sale in McKinney.

Header Image Source: (vijay.fang@outlook.com / Depositphotos)

If you’re trying to sell your home fast in McKinney 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.