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: What These Signs Really Are and the People Behind Them
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.
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.
Hi, this is Adam with Quick Home Offers.
Do you want to sell your house? Quick Home Offers is one of the most trusted and respected property buying services in California.
I promise you a stress-free, confidential and fast transaction with no real estate commissions and no fees.
Did you inherit and unwanted property? Does your property need repairs or updating? Maybe you don't have the time, money, or patience to deal with the issues.
Maybe you're having health issues and can't take care of the property, or keep up with payments.
Or you want a simple and easy transaction.
Well, it's easy to get started with our 3-step process.
Step 1: Go to QuickHomeOffers.
Com, fill out our simple form or you can call me directly at (805) 870-5749.
Step 2: Receive your free, no-obligation cash offer.
Step 3: Get your money in as little as 7 days or take your time.
We can work on your schedule.
So if you haven't done so already, go to QuickHomeOffers.
Com, fill out our simple form, or you can call me directly at (805) 870-5749.
Thank you for watching and I'm looking forward to speaking with you.
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.
You may have heard an advertisement on the radio, you may have seen an advertisement in your local classifieds news paper or you may have seen signs posted on street corners. Whether you are aware of these home buying advertisements or not, I know for a fact they exist in your city.
If they have not caught your eye before they may now. Many of the local property buyers use similar language on their advertisements. Here are just a few you may see, we buy houses, we buy homes, I buy houses, we stop foreclosure, we will buy your house in 9 days, we buy houses any area any condition any situation, we buy houses in 24 hours.
So, just who are these professional property buyers? Typically property buyers are local real estate investors. They own small real estate investment companies that focus on buying houses from motivated sellers.
What serviced do local property buyers offer? Local property buyers offer to buy your house quickly so you can get on with your life. Everyone knows that life is not always easy and real estate is not always strait forward. Sometimes a large asset like a home can become a large liability. Local property buyers focus on buying homes from people who need to sell their house quickly.
Why do local property buyers exist? They exist because real estate is not always that easy to liquidate. In a slow real estate market like we are in today, selling a house can be a long drawn out process. Typically the longer the home selling process the more money it cost you to sell your home. Property buyers exist to solve your home selling need. They will give you a free offer for your house, and if you accept, you can move on with your life.
Can you trust a local property buyer? With the recent slow down in the real estate market across the nation there are more and more people entering the home buying profession. As with any shifting market there are also bad people running scams to take advantage of home owners. With that said the courteous, professional, local property buyers who you can trust still exist in your local area. I recommend using a company like ExpertHomeOffers.com to get in contact with a local property buyer you can trust. They are a company that connects you with local professional home buyers. I would also recommend asking your local home buyer for references from previous clients.
Who should consider using a local property buyer? Anyone who needs to sell a home quickly should consider contacting a local property buyer. The best way is to us a company like ExpertHomeOffers.com. They connect you with a local home buyer you can trust. If you are in any of the following home selling situations you should consider contacting your local property buyer. Need to stop foreclosure, need to sell my house because of divorce, I am being transferred by my employer and need to sell my house, my house is listed with a real estate agent and it is not selling, we inherited a house from a family member and want to sell it, our house has no equity and we can not afford the payments.
These are all home selling situations which require someone to consider selling their house to a professional property buyer. Local property buyers advertise in many different ways, but your best option is to have them contact you.