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We Buy Houses in Chesapeake – Need to Sell Your House Fast?

Today we’re gonna talk about the absolute best time to sell a house.

So when is the best time to sell a property?

Well, the truth is it depends.

If you bought it the right way, then anytime should be the right time.

However, will there be times in the market that are more advantageous than others? Try this one for a minute: Consumers and investors usually follow separate and opposite tracks.

So when all the consumers are buying up real estate, do you know what investors are typically doing? That’s when they’re selling! When everyone is in this buyer’s market, that’s when you can usually sell for the highest price and that’s when investors wanna trade into different properties.

We Buy Houses Signs - The Good, The Bad, and The Big Yellow Ugly

But the opposite is also true.

When all of the consumers are dumping and saying “The sky is falling and it’s the worst investment that we saw in ’07 and 2008 and 9 and 10!”.

What were investors like me doing? We’re buying up everything like crazy! WarrenBuffett – he had his own hedge fund at the time.

He was buying 30.

40,000 homes per-year into the markets that actually were totally decimated.

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So, best time to sell a home is really at the market high before it falls out is when you’re going to really cash in on top dollar.

But if your strategy requires that, then you may have in fact, the WRONG strategy.

Because if the market is ever turning and moving it away that it’s not advantageous for you, you should be able to continue holding that home, cash flowing it, and continuing to make money on it.

If the current chaos in housing and the economy all of a sudden has you seeing little yellow signs and big billboards that say, "We Will Buy Your House" you probably need to sell a house fast and may be wondering who are these guys behind the signs and can they really do anything to help.

The signs have been around for probably three decades, but like everything else, you only see the things that are of immediate importance to you. While anyone can buy and sell houses in the United States most people only buy and sell the house they live in or expect to live in.

Buying houses without the expectation of living in them-as a business, really started to take off about 30 years ago when a number of seminar speakers crossed the county selling training in buying and selling homes for profit.

Like any business, you can expect a number of the people who buy houses to be skilled, honest professionals and others not so skilled and some-that you would want to avoid.

The bottom line is that some of these people can in fact help you sell a house quickly, sometimes in a few days, and solve problems. Others, I have found, will not even answer the phone or call you back, if you call and leave a message. Strange as it may seem, I have found that this reluctance to follow up on a lead happens in a number of areas in sales.

So the first thing I would suggest in selecting a House Buyer to deal with is call several, see who answers the phone, and see who comes out to your house and arrives when they agreed to arrive. Not high tech, but a good start.

Who am I to tell you how to sort through these guys? I happen to be one of them and have been doing creative real estate for two decades in Florida, was previously a stock broker and financial reporter for the Chicago Tribune. It is sort of like going to a hacker to find out how to make your computer operation safe.

And as one of them, let me assure you there are good, competent people, who are able to raise the money it takes to buy and are knowledgeable of the way real estate works where you live.

There are also, and always, waves of new people who are learning how to buy houses and some of the people who need to sell a house fast will be helping these newcomers learn the trade.

In addition to seeing if they answer the phone and actually arrive at the time agreed for an appointment, I would want to know how long the person has been buying houses and how well they do it. In the second installment of this series, we will look at methods of checking them out and in the third article we will be looking at phrases in the contract they offer you that you may want to avoid.

One of the biggest pluses that the best of these guys and gals will bring to the table to help you is that they have been taught that there are a number of ways to sell a house, methods that have been used in commercial real estate for years but that are rarely used in residential real estate.

I learned the use of these creative methods the hard way twenty some years ago when I lived on the East Coast of Florida and unbeknownst to me had bought a house in an area where a garbage burning incinerator was planned. It was to be built about a mile from where my house was and when I was ready to sell the house to move to the Tampa Bay area, I could not sell.

Everyone knew of the plans when I was ready to sell and no one wanted any of the houses in my area. I finally left the house with a real estate agent and moved while bearing the cost of two homes.

While a lot of real estate agents do not like creative real estate, my agent was knowledgeable and suggested a way to sell my house. We were scarred, but after thinking about it we sold and it worked out fine.

There was a risk in what I did then and a risk in any creative answer to a real estate sales problem, but my experience was what eventually sent me into the We Buy Houses business and in the next several articles we will tell you how it may help you and discuss the risks.

This is one of the reasons why one of my many rules in real estate is that I buy below the median.

Why do I do that on my short-term buy and holds? Because if the market ever turns AGAINST me, I’m gonna keep on cash flowing that property and those lower-priced homes – they don’t lose value like a million ora half a million dollar home does.

So Warren Buffett has this principle, right?He calls it the margin of risk.

And really when you talk about the best time to sella house, I wanna draw attention to how Warren Buffett has become a billionaire and the, one of the greatest philanthropist of our day and age; all based on a very simple principle you may have heard called Buy Low, Sell High, okay?

Warren is a really great example if you read his book Snowball, of an individual that really live his principles. He must have understood VirginiaInvesting.com!

He says if you wanna reduce your risk, you gotta increase your margin of profitability.

So it’s real simple:If you buy a house as an investor, you buy it with a lot of equity ’cause if you do, whether it’s the wrong or right time to sell, you can sell profitably! Understanding this principle is key for this next part: If you buy the right house, you can sell it anytime for great profit.

I’ve got an example here of the house that I’ve just recently sold.

This is a house that I sold and purchased in ’05 and sold in 2015.

So I’ve held onto this house for 10 years and here’s some background on this house: I actually leveraged a partner’s money and a partner’s credit to buy this house.

So how much money was I into this deal? I wasn’t in it at all.

And I used my staff and my team and we basically lined it up.

Now I have here the HUD.

This is actually the closing documents on selling this house where I received as you can see here a $38,986check.

But here’s the summary on this spread that I wanna point out.

I purchased this house in 2005 and we bought it for $109,000 and a down payment of 10% was $1,069.

My expenses over the life of holding this was 70,000 but my income was a 107.

What’s the difference? Roughly $37,000 that we got to make in cash flow and to down payments, deposits, along the way.

Then when we sold the house, we collected a check for $28,000 that me and my partner got to split afterI paid back my partner the $9,000 that he put in.

So he put in the money, he got paid back.

So basically there’s 28,000 of profits to split, there’s 37,000 that was made along the way, 37 and 28 is roughly $65,000, okay? So this tiny little house – 4 bedroom, 1 and a half bath, did a good job taking care of me.

Now let’s just for a moment take a look at the ROI.

I could’ve sold this house at any time but why did I sell it now? Well, it’s been a cash cow.

The little bit out, how do I know it’s a cash cow? For a moment, take a look at the ROI! We put in $9,000 but look at what we got out? $65,000! That’s a 720%increase.

Now, divide that over holding the home for10 years and that is 72% a year on your money.

Now, my business partner and I made 72% a year based on whose money? His money! He’s.

he and I get to split the ROI 36% each.

But let me ask you, if I put no money in, what is my real net ROI? It’s infinite! Think about it.

I didn’t put anything in, but I got all of that money coming back out to me.

So this is an example of ‘I could’ve sold this house at any time.

It’s been cash flow cowing.

Why did I really sell it?’.

Because the market was right! What do you do when the market’s wrong? Just keep making money and keep cash flowing! When you do real estate the right way, it can always be a great time to buy, hold, or sell.

which is why I love short-term buy and hold strategies ’cause I get to make my money along the way.

I hope you’ve enjoyed today’s video on the best time to sell your house.

Put some comments below! We’d love to respond and give you the help that you need as we work on turning you into a brilliant, bright, and successful real estate investor.

Real Estate Rent

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