Selling Your Home in Houston, TX: A Step-by-Step Guide
To sell your home in Houston, start by pricing at or near the local median of $370,000, then prepare your property and complete the Texas Seller's Disclosure Notice before fielding offers with an option period.
Frequently Asked Questions
What is the median home price in Houston right now?
The median home price in Houston is $370,000, placing the market in the mid-tier range.
What must I disclose as a home seller in Texas?
Texas sellers must complete a Seller's Disclosure Notice under Property Code Section 5.008, covering known material defects, structural issues, prior repairs, drainage, environmental hazards, and floodplain status.
What is the option period in a Texas home sale?
The option period is a negotiated time (typically 7 to 10 days) during which the buyer can conduct inspections and terminate the contract for any reason without losing earnest money, though they forfeit the option fee.
How do I estimate my net proceeds from selling a Houston home?
Subtract your mortgage payoff, real estate commissions (5-6%), closing costs, and any repair credits from the sale price. For a $370,000 sale, net proceeds typically range from $330,000 to $340,000.