I want to sell my house in Chesapeake – 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 Chesapeake.
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.
Quick Home Offers: We Buy Houses In Chesapeake As Is
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 Chesapeake.
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.
Chesapeake VA Fix and Flip Initial Walk-through | We Buy Houses Virginia
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 Chesapeake.
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 Chesapeake!
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.
Quick Home Offers: We Buy Houses In Chesapeake As Is
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.
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.
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 Chesapeake?
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.
Quick Home Offers: We Buy Houses In Chesapeake As Is
Maybe you've noticed them. They are those signs that read, 'We Buy Houses', 'Sell House Fast' or even 'Cash For Houses' and a phone number. The signs are everywhere. You may have wondered why so many people are buying homes. After all, the housing market is supposed to be bad, isn't it?
Well, those "We Purchase Homes" people are real estate investors. We pay cash for houses as investments. We buy houses below market value, do necessary repairs and then either sell the house for a profit, or rent the house out. This provides a nice profit and/or passive income.
You may be wondering why people would want to sell their house below market value. Well, there are many situations that people find themselves in where they need to sell their house fast and some just sell this way for the convenience of it. Take for instance people that inherit a property that is far away from where they live. Many people in that situation don't know how or even want to deal with the property and a cash home buyer is an answer to their prayers. Some other reasons include: people facing foreclosure that don't want to lose all of their equity, tired landlords, divorcing couples, people in bankruptcy and people that have houses that just need so many repairs that normal home buyers are just too scared to buy.
As investors, we buy houses cash and accept the property 'As-Is'. The ability to pay cash enables investors to close on your schedule, within 3 days if necessary. You don't have to worry about having dozens of complete strangers walk through your house, possibly looking through your personal items. You don't have to pay any commissions. You won't have to wait months for a qualified buyer to come along, just to find out they want you to make a ton of repairs before they will close.
So as you can see, those We Buy Houses people really do offer a valuable service.