I want to sell my house in Newport News – so where do I start? Well let’s get into this topic so you can sell your house as quickly as possible.
So I want to sell my house – where do I start? Perhaps a new addition to the family, you need another room, maybe the kids have gone off to university and it’s time to begin to downsize.
Well as these changes have come about in your life and you’re considering the next step, the first step you need to take is to make sure you get a good realtor to help you in this process with selling a house fast in Newport News.
There are a number of ways you can go selling a home.
One way is you can ask a friend or a family member that has dealt with a realtor recently and go with a referral like this, another way is just to call a few of them and interview them and just see if there’s a good connection between you all, but whatever you decide and however you go about this process, it is important that the realtor you find is a realtor who can aggressively market your home.
We buy Houses in Chesapeake VA - Sell my House Fast Chesapeake
Now you can put it on an MLS which is a multi listing service, your Realtor will help you do that, that’s not a problem.
We will all do that and just wait for the right kind of traffic to come across this and there you go, you’ll find somebody that may be willing to put down what you want or enter into negotiation for that house that you’re going to sell fast in Newport News.
But if you find a realtor who does more than this, a realtor who aggressively markets the house with various forms of media, that house is going to sell, and it’s going to be at the top of the pile and getting more traffic than homes that are just listed and using the old school method just waiting for traffic to go by and hopefully you’ll find somebody who will match up with the property well.
How to Sell Your House Fast to the "We Buy Houses" Guys, Safely
So choose wisely, make sure that you have a realtor who can do good marketing for your home.
So once you find your realtor it’s important to spend some time to speak to your realtor about your home and how you can better present that home.
You know today many people watch real estate programs on HGTV and various other stations and of course their expectations as a result are very very high. It’s ok that you want to sell my home as is in Newport News.
Talking about Model Homes and Selling Your Home Fast
Also many go to new builds and in those new build sites they have model homes and these homes are done immaculately so obviously their expectations are very very high.
But if you take the time to just walk through your home with your realtor, this can be very helpful. You’re almost ready to be part of the tribe that involves the We Buy Houses in Chesapeake tribe!
If you do an assessment room by room you’ll know exactly what to take care of and this doesn’t necessarily mean that you’ll have to break the bank in order to do expensive remodeling or expensive staging of your home.
Just taking a little bit of time to take care of this in a good way with your realtor can make all the world of difference and get that home sold right away in Newport News!
In the description to this video you’ll find a link to our PDF on ‘How to Prepare Your Home for a Successful Sale’, this will really help you with this step.
We buy Houses in Chesapeake VA - Sell my House Fast Chesapeake
Remember, it’s very difficult to change a first impression.
One of the most important things to get right is the pricing because you have to know that We Buy Houses in Chesapeake or any area in Virginia.
Pricing your home right will determine whether or not it is sold quickly or it sits on the market.
We buy houses. You have probably seen their signs or heard their advertisements on the radio. Even in a difficult real estate market, they are spreading their message. But, who are these people and how can they constantly be able to buy houses? Where do they get the money? What do they do with the houses? Let's take a look.
First, they are investors and investors want to make money. Since they have been around for awhile now, even in tough economic times, it is likely that their business model is working for them. They are making money.
When they approach a homeowner who is considering selling his or her house, there will be certain things that are in their presentation. Here is what you can expect:
- We will pay cash;
- We will settle quickly;
- There will be no fees or commissions to be paid to a real estate agent;
- They will likely ask you how much you owe on the house in mortgages and other liens;
- We will have no contingencies for any type of inspections;
- We will buy your house in its as is condition;
- You will not need to do any repairs;
- They will probably walk around and through the house performing an apparent evaluation of its condition;
- Although, they will buy the house as is, they will still point out the things that they see wrong with your house;
- They will make you an offer and they will have the paperwork ready to go.
So far it sounds like a very good path to take. It is a hassle free way to sell your house.
Indeed, in some cases, it is an expedient and beneficial way for a homeowner to sell his or her home. But this is not always the case. Let's take a closer look.
-When you go to the settlement table, you will receive cash, even if the buyer is getting a loan to purchase the house. The only way that you will not receive cash is if you finance the house yourself, which is rarely the case. When the buyer is getting a loan, they should show you a pre-approval letter and ultimately they should show you a loan commitment letter from their lender. When this happens, it is almost as good as the buyer having cash. When someone is paying with cash, you should follow similar steps to that of a purchaser using a loan. First they should provide evidence that they have the money and second they should ultimately be willing prior to settlement to place it in an escrow account, which will designate, that the purpose of the money is for the purchase of the home. It is likely that they will be unwilling to do this.
-A quick settlement may be 15 days. If they actually provide a contract that is for a 15 day settlement, then you should make certain that you can settle that quickly. It is more likely that they will actually provide a settlement of closer to 60 days. A 2 month settlement date is not unreasonable, but their true reason for doing this is because they do not actually want to purchase your home. If they truly have cash, then they could easily settle within 2 to 3 weeks. However, during this 2 month time frame, they are trying to find another buyer. If they do find another buyer, they will sell the house to that Buyer at a price higher than that which they are paying you. In this scenario, they would be assigning your contract to another buyer and the price difference would be called an assignment fee. If all of their deals go like this, then they will never need to come up with any money. However, keep in mind that in some situations an assignment is not allowed, so they may go through with the purchase, but usually only if they have another buyer lined up to whom they can immediately sell the house. If they do not have another buyer ready to go, then they will look for a reason to get out of the contract.
-They will tell you that you will save about 7% by not having to pay a real estate agent a commission. Yes, there are some situations where an agent will charge 7% for selling your home and where it is appropriate, but typically commissions are not 7%. They may average closer to 5% and could be lower. However, they will not give you this savings; but rather, they will ask you to discount the price of the home by 7%, since you do not have to pay an agent. So in the end, your net profit on the house will be the same with or without an agent. If you are not using an agent, then you have no one who is looking out for your interests. You are giving up 7% for no service and for no representation.
-How much you owe on the property should be irrelevant to the buyer. He should offer a price that works for him. If that price is too low to cover what you owe, then you will not accept the offer. The reason for asking what you owe is because they will make an offer that is just enough to cover that amount. If the amount that they want to offer is lower than what you owe, then they will not make an offer, but otherwise, they will go down to that amount. What this does is take the equity which may be in the home, which is basically the difference between what you owe and what the house is actually worth, and gives it to the buyer.
-Be careful about contingencies. There will be a clause of some sort or another which allows them to get out of the contract.
-They will not ask you to do any repairs, however your house might not need many or any repairs in the first place.
-Generally speaking, these individuals are not inspectors, although they will have a good idea about houses because they look at so many. They may seem to know about home construction, but they are just talking.
-No matter what the condition of the house, they will tell you that something needs to be replaced or is not up to code. For example, you may have a 2 year old roof with 30 year shingles, and they will tell you that the shingles are curling up, so they may need to replace it. It will not be true, but if you are not familiar with how to evaluate a roof, then you may believe them. Or you may have older windows, which work fine, but they will suggest that they will need to be replaced. Of course, all of these things will have a cost that they will factor into the price that they offer.
-When trying to justify a price, they will use the lack of a real estate commission, repairs, which probably do not need to be done, and comparable sales prices, which they will provide. Keep in mind that they do not represent you, but rather themselves so the comparable sales will be those that work in their favor.
For them it would be an every day occurrence to offer $150,000 for a house worth $300,000.
There are other elements to these types of deals and other factors to consider, but this is intended to make you aware that it is not always a good way to go.
Do not let someone else's path from rags to riches be your path from riches to rags.
The pricing of your home must reflect the true market value.
You know today many people have access to a lot of applications that help them see what’s on the market in a particular area, to know the homes that are there and what they’re being sold for, so it’s important that you do a little homework yourself, get informed of the market area where your home is located, find out how much the homes are being sold for in that area, but most importantly here is where you’re agent, your Realtor is so important in helping you get Cash for Home Fast.
You know yourRealtor is very informed of the market area, I mean this is what they do for a living day to day, they will be able to get the home priced right.
Speaker 1: Hello.
I just wanted to make a quick testimonialvideo for Ivo at Phoenix Home Buyer's Group.
I really needed to sell my house fast.
I was moving out of town and I didn't wantto have to worry about trying to sell it from a different state.
One of my friends told me about the PhoenixHome Buyers Group, and I started working with Ivo and he was really friendly and knowledgeableand made selling my house quickly, possible.
So We ended up selling it in like, two weeksand it was so fast and so easy and really hassle-free.
I really appreciate Ivo at the Phoenix HomeBuyer's Group.
We Buy Houses - Do Not Get Trapped in Such Real Estate Scams
That price will reflect the true market value
If your home is sitting way too long on the market, what’s going to happen is that a prospective buyer is going to start to think, hey what’s wrong with this house, why isn’t it selling and these questions are going to really cause traffic to diminish. It’s tough to simply want to sell your home off to someone who says We Buy Houses in Chesapeake and expect to have eager buyers wanting to pay Cash for Home Fast too.
Research shows that between the third and sixth week of the marketing process that’s when the most potential buyers are attracted, so it is important that, first your home has the right pricing and second that there is good aggressive marketing behind it.
You want to maximize traffic that’s going to view your home, draw them in to visit the home and put an offer on that home.
As I mentioned earlier, the visual presentation of your home is very very important.
You know first impressions are very very hard to undo so you always want to create the best possible first impression.
For this reason I don’t recommend that you do mobile phone pictures.
Get a realtor who is going todo professional quality pictures.
You know today on search engines when people are looking at multi listing services and they’re viewing the pictures, usually when a picture is presented if it’s of poor quality they’re probably only going to view the first few pictures and they’re gonna move on to the next property, and this is something you don’t want to happen to your property.
Getting good quality pictures will keep them glued to that screen and they can really consider your house the way it should be considered, and actually today even video production is a very important part of the marketing process, so if your realtor is able to produce a video for you, this is ideal.
You know this will really maximize the amount of eyes that will be looking at your property and considering it for the next purchase.
When it comes to marketing your home, gone are the old days of sitting in the backseat of your real estate agents car or following along behind and looking at multi homes.
Today the Internet has changed the whole experience for good.
Today people are on multi listing services, they are also watching videos that are aggressively being marketed through social media, so it is important that you’re estate agent, your Realtor is up-to-date with all the modern modes of marketing, so make sure you make this one of your criteria in choosing your real estate agent.
That way the right kind of marketing will be put forth and experience maximum exposure of your home and really entice those buyers to come and put an offer on your home and get it sold quickly.
If you found this video helpful, please subscribe, we’d love to have you on board with us, we have a lot of helpful videos coming out that will have information that you’ll find useful whether you’re a buyer or you’re interested in selling property.
Also share this with a friend and leave a comment in the comment section, also if you’d like to call me, call me at the number that you see below, I’d love to hear from you and talk property with you, also remember that there is a PDF thereon ‘How to Prepare Your Home for a Successful Sale’, anyway, until next time, all the best!.
We Buy Houses For Cash – Can I Sell My Home Fast in Newport News?
Hello what's up guys.
It's Eli and Sterlinghere from 303 Home Buyers and we are just about to close this house behind us on Fridayand we're doing our first walk through.
But I haven't even seen the inside yet and wethought we will just take you guys along with us.
I know there is a lot of new investorsout there and experienced once as well that are just curious about what is going on inColorado market so we are gonna put this video on for you and just give you an idea of whatit like to do a walk through on an investment property before we start actually doing anythingwith it.
Alright, let's go inside and check this out.
What's up guys.
I am Shawn with 303 Home Buyers.
This home is located in Arvada, in a nicequiet neighborhood.
It doesn't have a garage we'll show you thatin a few seconds and that is what we are going to add into it so that it will bring the valueup.
But the thing that it does have are 4 bedrooms and 2 baths.
And with the four bedrooms,2 baths we're gonna get that more space and families are definitely looking for an extrabedroom.
So I'm gonna take you guys maybe upstairs a little bit show you around andthen we'll also take you downstairs so you can see the kind of layout of the home.
Currently right now we are standing in theliving room.
The living room quite where on the other side of the wall is the kitchenso what we are looking to do is expand this floor and really turn this into a loft sothat when you walk in you can really see myself right here watching a movie also going intothe kitchen getting my snacks, whatever situation maybe.
Coming in here, this is the first bedroom,looking at the ground these are boilers so this means the house has boilers not furnace.
So, we got to look for some heat sources, so most of them are gonna have a furnace withand H pack and some sort and all this one has a boiler so this one has a unique systemso that is kinda different protocol than just a furnace.
Now, what's cool about this houseis that it has windows.
It already have window in place so that is definitely an expensethat we don't have to endure which obviously helps the cost of the rehab.
So we keep walking and were still **** sothis is considered as the trial on the home.
The bathroom is a really big bathroom butit is going to be shared by the master and then the other bedrooms.
So we're gonna haveto turn this bathroom into something really nice for both the masters suite as well asthe other bedrooms out here.
So what will be a master's suite it's gonnabe a bigger bedroom than the others.
And this bedroom which faces or is closerto the street is gonna be the masters, the biggest work of them all.
This is Austin our project manager and designerand any of that cool stuff that comes to this house comes directly from him.
So looking back we are going back to the main floor here where you have seen the livingroom space or the main living room area.
Then coming back over here to the kitchen you cansee that wall, we're talking about that if we take that wall out or open that up to likea pony wall or something like that it really bring the spaces together and possibly expandthe kitchen upto here and the cabinets the appliances all else are gonna be gatheredand ripped out and we put on all new things in.
So now we gonna go through the kitchen downto go downstairs.
So now we go downstairs, two bedrooms thesame similar layout as the upstairs but the rooms are much smaller and then also one conjoinedbathroom The bathroom here had both the washer andthe dryer and so if you come in, there is actually no shower and there is just a washerand dryer.
So now we gotta figure out where to put the washer and dryer and keep the roomversus turning around one room into utility room.
So there is more value in keeping abedroom than taking a bedroom away from the home and adding a utility room for storagespace and whatnot.
Most people want that extra bedroom for kids and things like that.
Now we're on the outside the home.
At thebackyard, which is a very large backyard.
There are some trees and some some strawberrythat needs to be removed just to give it more of an open field and definitely some landscaping,that will have to do on the outside, around the exterior of the home.
The exterior ofthe home is brick.
On the very top you see vinyl.
They don't make vinyl anymore.
Theydo but it's just not very popular so we're gonna take that off and put some other panelingup there to bring the exterior up to cote not just the interior up to cote where itkinda just measures together.
If you walk around to the side here you cansee there is no garage and this is where we're gonna maximize our efforts here on the exteriorof the home and build a two-car garage which we all know late snow on April, everybodywants a garage.
Okay, so now you have seen the inside of thehouse and now the outside of the house.
We are gonna talk a little bit about the numbers.
Initially, we got an offer of that house,this house for 240 thousand which was too high.
The comps are running around, right around340k to 370k depending on the garage, the sqft and the layout of the bedrooms and thebath.
So we are able to negotiate down and we gonna buy the property for 227,500.
00 dollarsso 227,5H.
And this was a wholesale deal, by the way, we got this from a local wholesaler.
Who we partner up all the time with.
Especially with a, you know, they have eyeson where we don't.
We possible sometimes flip some of our own wholesale deals.
But majorityof the time we are buying wholesale deals from other wholesalersSo on this house we are looking to maximize the profit one thing that we don't want todo is really leave any mean on the bone when we flip a house.
So 340k is a nice price pointfor the sqft that other homes were out are getting.
But this house has about 300 sqftmore and that extra bedroom.
So that is a huge price point advantage and that is wherewe're looking for that 360k possibly 370k markerSo now if you're doing your math in buying a property.
Let's Rounding it up 228 thousandand you're selling at 360k, there is a nice margin there.
So totally on rehab cost we'relooking at right around 60 thousand dollars that's including or including the exteriorof the home as far as building a garage and then the renovation on the inside.
Now, theremight be some mishaps in there, meaning a sewer line that we did we digged through asewer scope, there are some roots going in it so we are gonna flush out possibly replaceit.
Now, 60 thousand is a buffer including all rehab.
Yeah we put it about 15% percentbuffer? 10%, 10% on our rehab.
So whenever you estimate your rehab cost, additional 10%in there just in case, cause all those things come up.
And if they don't, then bonus, moremoney in you pocket.
Yup and then stay tuned we're doing a couple more videos and takeyou through this project and you'll see it getting done and unfold.
Then also exposesome of the contractors information as well as their contactor information as well astheir contact information so you guys could possibly use them as well.
Or contact us andwe will help you get in touch with those people.
Yup alright guys stay tuned like he said we'llbe posting these.
Trying to get one every week as a property is progressing on rehab.
YOu guys could see how it goes from start to finish.
If you guys have questions, youcan contact us at all.
Com or just go to our facebook.
We Buy Houses Scam
There are many reasons why a home owner would want to sell a 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 a house fast, here are a few scams to be on the lookout for and how to avoid becoming a victim yourself.
One of the most common types of "we buy houses" scams allows the "buyer" of the home to make off with most or all of your equity. It begins with you transferring your home's deed to the "buyer." The buyer may then have you make payments to him instead of the mortgage company, or he may have you move out so he can begin renting out the house.
There are several ways the buyer can then profit from this transaction. First, he receives some sort of payment every month -- whether from you or from the renter. Second, he can use the equity in your home to secure home equity loans or other lines of financing. Third, he can simply resell the house without satisfying the outstanding mortgage.
Ultimately, once most of his profit is exhausted, he simply stops making payments on the mortgage and allows the home to go into foreclosure, because while he holds the deed to the home, he never assumed liability for the mortgage. As a result, you are left with a foreclosed home, no remaining equity and a significant black spot on your credit history.
Contract Bait and Switch
The contract "bait and switch" is a clever scheme that takes advantage of the trust between buyer and seller.
In one version of this scam, the home buyer inspects your house and makes a verbal offer that you accept. A few days later, he presents you with a written contract that he presents as "just a formal, legal version" of your verbal agreement. Because you believe it to be the same offer you had already agreed to, you simply skim it and sign on the dotted line.
In the time between signing and closing, he may also deliver one or more "minor changes" to the contract. He presents these as simply "a few tweaks" and nothing that really affects the original agreement.
At some point, though, possibly at the closing or even later, you discover that the last contract you signed actually bears little resemblance to the initial offer, and you are either stuck with a losing home sale or tangled in legal battles for months or even years to get out of the contract.
This scam is an interesting twist on the Nigerian Scam or 419 Scam. In it, a person outside the U.S. contacts you after seeing your house on 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 a 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. These days, anyone can order a book from an infomercial and become a "professional home buyer," but real professionals have been in business for many years and have closed millions of dollars in real estate transactions. Their primary concern is the health of their business, and they will not risk that by cheating you or otherwise treating you unfairly.
Check Out the Buyer
If you have any concerns about the buyer, don't hesitate to check them out. Contact your state Attorney General's office, your state's Real Estate Commission, or your District Attorney's Consumer Fraud Unit. 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.
If something sounds too good to be true, it usually is. So don't get so emotionally tied up in the sale of your home that you abandon caution and logic. Your home is both a major financial obligation and a major asset. Falling prey to a scam like these will have major repercussions many, many years down the road -- and maybe for the rest of your life.