How much does it cost when someone says We Buy Houses in Virginia ? Well that’s what we’re talking about today and we are starting right now. If you’re looking to buy, fix and flip a home or really need cash for home in Virginia, then this is the post for you.
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So how much does it cost when they say We Buy Houses in Chesapeake?
Assuming that you are going to hire areal estate agent these are the typical expenses that you’re going to incur when We Buy Houses in Virginia.
#1: you’re going to pay the commission to the real estate agents involved in the transaction.
You hire an agent and you agree to pay them X percentage of the sales price of the house.
Hey guys this is Beau Holliswith Simply Sold and I'm here with Mr.
Jackson and this guy's my friend we'vebeen through a lot together in the last little bit and I just purchased hishouse and over the period of time that we've been working together man we havebecome good buddies and we got to the closing table today we made it boughthis house and Mr.
Jackson I just want to say thank you very much for working withme it has been a real pleasure to work with you man and thanks for trusting usto buy your home I know it's a big process to sell your house you live inthe house for a long long time 21 years and man I really I'm very very thankfulthat you trusted me to to get the job done and to purchase your home I thankyou very much man well thank you and it's been a journey but if anyone was toget my home I'm glad that it's you and I wish you nothing but the best and you'vebeen a professional and your business dealings you're a nice fellow you have alovely wife and I hope nothing but the best for you congratulationsthank you so much pleasure sir.
When the buyer comes along if they are represented by a different agent your agent pays that person.
Now I’ve done a whole other video about where the commission goes.
If you’re interested click that but just know that we do not keep the whole thing ourselves.
We are splitting it with the other agent, we are splitting it with our brokerage, we are paying all of the marketing expenses, so don’t go thinking that we’re all millionaires because that’s not really how it works.
#2: you will have to pay the property taxes for the time that you lived in the house.
After the property changes hands the buyer will pay that.
If you’ve already paid your property taxes for the whole year then from the date of your closing to the end of the fiscal year you’re going to actually get are bate because you’ve already paid those property taxes and the buyers should be paying them.
So you’ll get money back.
In the Georgia market it’s very common that buyers ask you to pay their closing costs or at least a portion of it.
We have a lot of first-time buyers and nobody puts 20% down any more.
I mean people don’t have $100,000 just sitting in the bank waiting to buy a house as a general rule, so they may ask you, “Hey can you chip in $3,000 towards my closing costs?” They will probably also ask you for either a home warranty, a termite bond, or both.
As you know living in Georgia there are two types of houses -those that have termites and those that don’t have termites yet.
So we typically like to have some sort of pest control plan on our homes so that that doesn’t happen.
When the buyer comes along they’ll say, “Hey, I want you to transfer that termite bond to me so that I can live in a house for the first year and not worry that the house has termites or is going to have termites very soon.
“Now let’s say the buyer moves in and the first Thanksgiving that they have all their family come to visit the stove breaks.
Yes, this actually happened to one of my clients.
The home warranty company comes and if they can’t repair the stove they buy them a new stove.
So it’s a great thing for the buyer to make sure that they’re not going to have any unforeseen major expenses the first year that they live in the house.
A home warranty is typically somewhere around$500.
Now if you decide to sell your house for sale by owner you will not be paying the real estate agents commission.
Instead you’re going to be paying for all of the marketing of your home.
Just a for sale by owner sign in your front yard is probably not going to get the job done.
The people that buy for sale by owners are looking for a great deal so they’re gonna come and offer you far less than the actual market value of your house as a typical rule.
You’re going to be paying for the photographer, for the video, for the drone photography, for all advertising, you’re gonna have to put a nice sign in the yard, you’re going to have to show the property every time somebody calls you to make an appointment.
So the money that you save in the commission you’re going to be incurring a lot of additional costs in marketing and in time, where it’s going to be all on you.
You don’t have an agent who’s doing all this stuff for you.
So now you know how much it costs to sell a house but do you know what your home is valued at? Do you know what your market value is?
Because half the time your neighbor might tell you, “Oh we sold it for300,000!” But they actually sold it for $289,000.
I’m just saying sometimes people have the tendency to exaggerate just a little bit.
So if you’d like to find out what your home is worth because you’re thinking of selling in the next six months or so, click this link.
We would be happy to do a free no-obligation home valuation analysis for you so that you can really sit down and say, “Okay, if I sold how much money could I expect to make?” Because that’s a big factor in deciding is now the right time to sell or should I wait a year or two? Thank you so much for watching and I will see you on the next one.
We Buy Houses as is in Virginia – Does Yours Qualify?
With the rise in the numbers of foreclosed properties around the world and especially in the Dallas Fort Worth Texas region of the United States, the presence of "We buy houses" advertisements are becoming more and more significant. Many companies in various counties such as Denton County, Dallas County, Tarrant County, Collin County, and Rockwall County have come up to offer solutions for distressed and unfortunate owners of homes by buying their properties. This comes as a relief for those who have invested in real estate.
The programs of We buy houses in Dallas Fort Worth Texas seek to provide multiple advantages to struggling homeowners. Nevertheless, you must be made aware that they have the potential of causing more damage than good. You will realize that whenever there is an opportunity to make a good amount of money, there is always the presence of scammers. These scammers have multiple opportunities by taking advantage of the present crisis in the housing market.
If you have to sell your property very urgently, you do not have to panic or get worried. It is true that in present conditions of recessed market of housing it is quite difficult locating a qualified purchaser. Thus you should look for some reputed and reliable companies of We buy houses in Dallas Fort Worth Texas. You should also be prepared to deal with some buyers who expect to purchase such foreclosed properties at very low rates.
Once any property is declared as a foreclosure, its notice of default becomes rather public in terms of record. In such situations, you can be approached by certain companies offering you protection for foreclosure. Some other 'We buy houses' companies will offer to purchase your home for cash. Yet some others will attempt to make very high claims as certified mitigators of bank loss and assist you in negotiating your mortgage land. You should be very careful of such claimants. Most of them are not genuine or trustworthy.
If you want to prevent yourself from getting trapped into scams, you should avoid programs of 'We buy houses' that are offered via TV solicitations, phone, and mails. On the other hand, you should look for real estate professionals who essentially specialize in probate properties, foreclosures, and short sales in the region of Dallas Fort Worth Texas. In this context, financial experts advise the consultation of at least three real estate professionals before finally taking a decision.
Once you sign up a deal with a specific program of 'We buy houses' in Dallas Fort Worth Texas, ensure that you get everything written very clearly. Do not forget to read and comprehend all the legal documents very carefully prior to actually signing the deal. Most of the documents of real estate can be confusing for lay persons. It is advised that you request an attorney of real estate to review these documents once to see if your interests are protected.
Finally, trust your instincts to guide you. If you feel that any program of 'We buy houses' is not genuine then do not go for it. Do some homework to avoid getting trapped in scams. A little research on the Internet can be beneficial for locating the best programs in Dallas Fort Worth Texas.
What's Up With the "We Buy Houses" Signs?
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.
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Chesapeake, VA 23320