Why Sell My House to an Investor ?

Posted on June 17, 2009 by Admin

Why should I sell my house to a we buy houses real estate investor?

1. Sell your house fast.  Most people who try selling their house themselves or through a real estate agent find that it is anything but a “fast” process in most cases. Unless you are willing to sell your house at a significantly reduced price, in many markets you could find yourself waiting 3 to 6 months before you accept an offer.
On the other hand, a we buy houses investor with private funds can often close a house purchase in 7 days or less.

2. Offers flexible to meet your needs.  If you need to close quickly, that can be arranged.  If you want cash all at once or a monthly cash flow, an investor can do those, too. Investors can also make up past payments and take over current payments to immediately relieve any financial burdens.

3. Investors buy any house, any condition, any reason.  Investors might buy someone’s house when no one else will. In many cases investors buy houses that have fire damage, termites, mold, foundation problems, roof problems or need major repairs. Houses with these conditions scare most buyers and real estate agents hate listing them because they know such houses are hard to sell.

4. You do not have to pay real estate commissions to a Realtor.

5. No need to make any repairs to your house to get it to sell in almost all cases the investor will buy your house as-is.

6. A real estate investor can help in any of the following trying situations:

  • Behind on Payments
  • Need to sell quick
  • Moving/Relocating
  • Job Transfer
  • Divorce
  • No Equity
  • Facing Foreclosure
  • Disability
  • Bad Tenants/No Longer want to landlord
  • Home needs repairs
  • Pre-foreclosure
  • Listing Expired
  • Inherited Property

We encourage you to investigate all avenues of getting your house sold in the way that best meets their needs. If you decide that working with a we buy houses real estate investor to buy your house makes the most sense, then contact a local investor that is more than willing to help.

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Selling a house that needs repairs

Posted on June 15, 2009 by Admin

Should I Fix Up My Home or Try to Sell My House As Is?

Selling my Home in As Is Condition

Is the house is need of major repairs?  Can you afford to fix up your house and still have room to sell without being under water and requiring to short sale my house?  These are questions you have to ask yourself.  If you cannot afford or don’t want to fix up your house, you can usually contact a “we buy houses” company in your area that will make a cash offer and take care of all the repairs.  These companies specialize in buying ugly houses or handyman specials, fixing them up, and reselling them in brand new condition.  This is a great way to sell my house fast.

Do Home Buyers Want Fixers or Fixed Up Homes?

Some buyers are looking for a fixer upper that they can put their own finishing touches on, while other buyers are looking to find a home that they can move into and have no work needed.  It depends on your area and real estate market conditions.  Most fixer buyers are willing to do simple repairs such as paint the walls, put in new carpeting or replace light fixtures. They typically don’t want to rebuild a foundation or move walls.

Before Fixing Up Your Home

Weigh the cost of  improvements against the home’s market value after the repairs or upgrades are completed. If an upgrade won’t return the investment, such an improvement might not be worth it. Before you decide to lift the roof and install skylights in the master suite, realize that kitchens and baths are where most buyers spend their time.

Here are 10 minimum improvements to make before selling your home:

  • Patch all holes and cracks in walls and ceilings.
  • Fix all broken appliances and HVAC systems.
  • Repair leaky faucets.
  • Replace worn carpeting.
  • Repaint dark or marred walls with neutral paint (not white).
  • Replace broken windows.
  • Repair the roof.
  • Change out dated light fixtures / ceiling fans.
  • Replace old linens / window coverings.
  • Fix code violations.
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Why Isn’t My Home Selling?

Posted on June 12, 2009 by Admin

I can’t sell my house!

In a buyer’s market, it is especially important to make your house stand out from the rest.

Here are some tips

  • Look at the pending and sold properties in your area.  These are the properties that are attracting buyers.  How does your house compare?  Do you need to paint or put in new flooring?
  • Photographs – make sure that the photographs of your house that are used in any marketing are complimentary and shot in good light.  Reduce any clutter and make your home appear spotless and roomy.  Don’t take pictures of small areas, focus on the kitchen.  Remember to include your backyard and garden area.
  • Marketing and advertising – send postcards to area neighborhoods, put out open house signs on the weekends, get your house listed on the internet.
  • You hired the wrong real estate agent.  Make sure to choose a real estate agent that is professional and experienced in selling houses in a buyers market.
  • You home is not price to sell.  You don’t want to give your house away, but you need to price your house right in order to sell.  Don’t inflate your price so that you can show price decreases, price it to sell right from the start.  Consider putting your list price just below the last sold house in your area that is comparable to your house.

If you need to sell your house fast, consider contacting a we buy houses firm that can buy your house for cash.  We buy houses firms can be very creative and help you with all the costs associated with selling your house.  In most cases, they can close the transaction in days and you won’t have to pay any money out of pocket.  They can also help short sale my house.

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“We Buy Houses” Scams

Posted on June 10, 2009 by Admin

How to spot “We Buy Houses” scams and avoid them

There are many reasons why a home owner would want to sell your house fast. Job change, relocation, debt problems, divorce and inheritance are just a few. Unfortunately, people in need also tend to attract predators who have no problem profiting from someone else’s misfortune.

If you’re looking to sell your house fast, here are a few scams to be on the lookout for and how to avoid becoming a victim yourself.

Contract Bait and Switch

In a contract bait and switch you agree to a verbal offer but then when it’s time to sign the written offer, it’s nothing like your verbal agreement.

Liberian FSBO

A person outside the U.S. contacts you after seeing your house on Craigslist or a For Sale By Owner site, telling you that he is looking to move to the U.S. soon and can pay cash for your home. His story is compelling to the point that you actually feel good about helping him out — not to mention being able to sell your home.

Ultimately, though, his only goal is to get you to transfer him money and/or to get access to your bank account so that he can transfer the funds himself before you realize what has happened. And because he is outside the U.S., recovering your money can be next to impossible.

How to Protect Yourself from Scams

If you need to sell your house fast, here are a few rules for protecting yourself from falling prey to a scam like these.

Only Work with Professionals

The best way to protect yourself from scams is to work only with professionals who have an established history of home buying.

Check Out the Buyer

If you have any concerns about the buyer, don’t hesitate to check them out. Contact your state’s Real Estate Commission. If they are an established business, also check out the Better Business Bureau.

Always Understand What You’re Signing

Not asking questions because you are afraid of looking stupid could end up costing you tens of thousands of dollars or more if you end up in a deal that wasn’t what you thought it was. A lawyer or even your mortgage company can help you if you want professional advice from a third party. Never, ever sign a contract that you don’t understand.

Get All Agreements in Writing

If a disagreement arises about a verbal agreement, the issue becomes your word against theirs and often must go to a court of law to be settled. Don’t risk that. Insist that all terms be in writing, and don’t agree to anything that isn’t.

Be Willing to Walk Away

If you have any doubts about the buyer or the contract — or if it just doesn’t feel right — just walk away. It’s never worth the months (and maybe years) of future headaches to sell your house a few days sooner.

Read the entire article here

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Can I sell my house to stop foreclosure?

Posted on June 8, 2009 by Admin

If you are looking to sell your house to stop foreclosure there are a few steps you will need to take.

1. Determine how much you owe to the bank? This will include late fees and back payments plus lawyers fees.  You can request a payoff amount from your lender that will include all of these fees plus the balance that you owe on your mortgage.

2. Find out how much you can sell your house for. Talk to a local real estate agent or visit online resources such as zillow.com to determine the market value for your house.

3. If you owe less than your house is worth, you may be able to sell your house to stop foreclosure by listing your house with a real estate agent or trying to sell your house by owner.  Also you could contact a we buy houses investor in your area to get a cash offer within a few days.

4. If you owe more than your house is worth, you will need to attempt a short sale.  A short sale is when you sell your house for less than is owed to the bank.  In this case, the bank will need to approve any purchase contracts because they will be losing money in the transaction.  Banks will only accept a short sale if they feel they are going to save money by accepting a short sale instead of completing the foreclosure process.

To sell your house fast and stop the foreclosure, contact a local realtor or investor in your area.  In Arizona, contact your local Arizona short sale experts or Arizona short sale realtors to discuss your foreclosure options.

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