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.
Chesapeake VA Fix and Flip Initial Walk-through | We Buy Houses Virginia
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.
We Buy Houses in Chesapeake | Cash For Your House
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.
Sell That House - We Buy Houses
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.
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.
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.
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.
How to Sell Your House Fast to the "We Buy Houses" Guys, Safely
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?
[Sell Your House For Top Dollar - We Buy Houses Fast] - At Finally Sold we will give you afair and competitive offer that will make it truly a "No Brainer" foryou to pick the Finally Sold Way over the Real Estate Agent Way.
When we meet with you for your free in-home consultation, we will actually show you a customized side by side comparison of how much you will net by going with usversus using a real estate agent.
When you take the time to examine ouraggressive formula closely, You will see that on average you'll typically wind up with only about one percent less in net proceeds by selling to us versus going with a real estate agent Sure, you may net a little bit more by going with a real estate agent but, is it really worth it??? Remember, with the Finally Sold Way, you get the speed and certainty of getting your house Finally SOLD in just 10 days! Not tomention how priceless it will be for you to avoid all the stress, anxiety andinconveniences of using the long and drawn out real estate agent way when you add it all up wouldn't yourather have the speed, convenience and certainty of The Finally Sold Way instead? Still not convinced??? Okay.
Let's examine this a little closer.
Now as you can see withthe real estate agent way, the starting point is a sales price of100 percent of whatever the current market value is for the home.
Whereas with the Finally Sold Way, it's just a flat 80% Now, at first glance that may seem likethe Finally Sold Way is considerably less than what you get from using a realestate agent.
But when you really break down all of the visible and hidden costs of using a real estate agent, you will come to the conclusion that the two net values are actually nearly the same.
Now here's what we mean you see the 100 percent offered for thereal estate agent way is just a starting point, but don't forget you still have to deduct a lot of thingsfrom that amount until you get down to the final net proceeds.
#1 - Commissions - Now the first cost of using a real estate agent is their typical 6% commission.
This is their fee to cover all theirmarketing expenses and to compensate them for their time and expertise and they deserve every penny of it too.
# 2 - The Buyer's Discount - The next cost is that buyers typically wind up negotiating about a 5% discount off the list price.
Now it's really just a case of human nature, because who doesn't want to negotiate andfeel like they got a good deal when they buy a house right??? #3 - Miscellaneous fees - The buyer will try to get his downpayment to be as low as possible and they'll normally ask you to sharein as many costs as their mortgage company will permit.
When you add up these fees, they easily come to one percent.
In fact many times it winds up being more like 3%, because, aside from the obvious ones of the appraisal fee, the home inspection, the home warranty plan, a cash-strapped buyer will often ask you to pay for a slew of other permissible loan costs like prepaids, loan origination fees, PMI, and etcetera.
#4 - Ongoing Monthly Payments - Now the next fee is one of those hiddencosts that some people forget to take into account Now you surely have heard the expression that time is money.
And when it comes to selling your home it's no different.
When you add in allthe costs that you have to pay while the home sit idly on the market, like themortgage payment, property taxes insurance and all the costs just to maintain the property, it usually comes to about 1% each month.
And when you takeinto account that it takes an average of five months to sell your home, the cost for all this waiting equates toabout a five percent overall fee.
#5 - Standard Closing Costs - These costs vary from region to region.
But when you add them all up the seller's portion typically comes toat least 2 percent of the final sales price.
So, after all is said and done, the realcosts of selling your home with the slow and hold fashion real estate agent way is about 19%, whereas whenyou sell your home fast with the Finally SOLD Way, you merely give us a 20% discount up front.
So, therefore, it is as if you're just paying a tiny 1% premium to save all of that time and avoid all of that stress, anxiety and headaches of going with themessy traditional way.
Let's think about that for a moment 80% Now or 81% FIVE Months from now! You decide! Which one makes more sense for you? Well, maybe that old expression of a bird inthe hand is worth two in the bush has some great wisdom to it after all! It's no wonder that once you experience the speed, security, convenience, professionalism, and certainty of the Finally Sold Way, that you will never want to sell a house any other way again! Your wait is over.
Get your house finally sold today! www.
Com or call Toll-Free - (844) NOW-SOLD.
How to Sell Your House to a We Buy Houses Real Estate Investor - Can They Really Solve My Problems?
Hi! Michael Ibekwe here with Queen Capital Propertiesand I want to take a moment to tell you a little bit about our company and what it iswe do.
We are a real estate investment company operatingin the Atlanta and Greater Atlanta area.
And we are actively buying properties allover Atlanta right now.
And what does that mean for you? Well it means that if you have a home andyou need to sell it or just would like to sell it quickly.
We would love to speak to you.
We are cash buyers we can close quickly andour process is extremely simple.
You can just give us a call directly at 470-344-9994or you can fill out a simple form found on our website at QueenCapitalRealty.
Even if you are not looking to sell rightnow share this video! You never know which one of your neighborscould use this information.
Once again, my name is Michael Ibekwe herewith Queen Capital Properties, and I look forward to speaking you!.