I Buy Houses – Tips For Selling Your Home to Private Real Estate Investors

Many of the “I Buy Houses” signs you see posted on street corners and in front of homes belong to private real estate investors. In today’s recessed economy, a large percentage of homeowners are struggling to attract buyers. When property owners need to sell their house quick they oftentimes turn to individuals or organizations that specialize in buying houses for cash.  

Before calling the number on “I Buy Houses” signs, it is important to engage in due diligence and determine the source. Unfortunately, there are many scammers in the world and currently the real estate market is a prime target.  

Thanks to the Internet it is relatively easy to locate information about anyone. Business owners are required to register in each state they wish to conduct business. In most states, the Department of Revenue oversees business registrations. Other states utilize the Secretary of State office.  

The Attorney General’s office handles consumer complaints; as does the Better Business Bureau. Realtors and brokers are licensed through the Real Estate Commission.  

To locate any of the sources above via the Internet, type in your state plus the name of the organization, e.g; California Real Estate Commission. These agencies can help to ensure you are working with a licensed, legitimate, complaint-free business or real estate investor.  

I buy houses in southern California and work with a group of nationwide investors. Nearly all of us have heard horror stories of innocent homeowners losing their property to foreclosure scams. Mortgage financier, Freddie Mac, offers an article on how to avoid foreclosure rescue schemes.  

As an investor, people call me nearly every day, begging me to buy their house. The biggest problem I encounter is the fact that people wait too long before they take action. By the time they call me they are panic-stricken and desperate. It shouldn’t be that way.  

I’ll give you the same advice I give to everyone else. If you are delinquent on your mortgage, you need to call your lender now. I realize you might believe your lender is the devil incarnate, but most banks will work with you if you don’t ignore their requests. Once a house falls into foreclosure there is little room for negotiation.  

If there is no hope of getting back on track, ask your lender to engage in a short sale. Lenders agree to accept less than is owed on the loan if the borrower can sell their home within a certain time frame. Short sales are relatively complex and require time and patience.  

Short sale real estate is typically priced around ten percent under market value. In some areas, short sale properties are being sold up to 50-percent under market value. It’s best to work with a real estate investor who possesses short sale experience and understands the process.  

Selling your home to a private real estate investor is no different than selling to any other buyer. The exception is that investors are experienced and know what needs to be done and when to do it. Working with an experienced investor can simplify and expedite the process.  

In closing, be certain to read and thoroughly understand any legal documents prior to signing them. It’s always a good idea to have a real estate lawyer review the documents to ensure they are legally-binding and will stand up in a court of law if necessary.

Tips For Selling Your Home For Sale By Owner

When you sell your home yourself, you are doing what is known as a for sale by owner, of FSBO. Many people choose to go this route to avoid hefty fees charged by real estate brokers. Avoiding these thousand dollar fees is just a good a reason as any to sell your home FSBO. If you choose to go this route to sell your home, you should keep in mind that the process requires some dedication, persistence, and a little bit of know how.

To sell real estate in Connecticut you must first determine the value of your home. This step is necessary so you can properly price your home. You can find out the value by doing some research on similar homes in your neighborhood that have recently been sold. The homes that are currently on the market are also a good indicator for valuing your home.

Once you determine a price for your home, the next step is to advertise it. One of the best ways you can advertise real estate in Connecticut is through use of a FSBO website. These websites allow you to list your home similar to a newspaper listing. Using a FBSO website increases your ad’s exposure to tens of thousands of people. This is the easiest and most convenient way to advertise your website since more people are using the internet to search for homes.

After listing your home, you will soon begin to receive inquiries. Some of these will be from people who are just trying to find out more information and some will be from serious buyers. In either case, you should be prepared to show your home to prospective buyers. Make sure repairs have been completed and your house is presentable for showing. The last thing you want is for your advertising efforts to go to waste because the house was not presentable.

Homes For Sale – 7 Tips for Selling in a Slow Market

In the past decade home sales have gradually become a buyer's market. Although this is good news for the buyer, it is becoming somewhat of a nightmare for those who are trying to sell their home. Because of this, sellers often have to dramatically drop the price of their homes in order to make the sale, resulting in huge losses. However, there are ways of increasing the chances of making the sale without the seller having to take a big loss. The following will be a list of seven tips for successfully selling a home in a slow market.

1) Appearance is key- When looking to buy a home a buyer will naturally gravitate to houses that have a nice appearance. Fixer-uppers are not as popular as they once were. The first thing that a seller should do is to fix anything that may catch the eye of a potential buyer. For instance, the yard should look immaculate at all times. If the gutters on the house are drooping, that will be the first thing people will notice. If there is chipped paint on the house, paint it. It is worth the money to stage your property for curb appeal.

2) Be flexible- Be prepared to make yourself scarce on weekends if needed for the realtor to show the house. Keep things tidy at all times for any last minute appointments made by perspective buyers. Try not to limit the times that you are willing to provide access to the home.

3) Keep the home at market price- If you are stuck in the mind-frame of making big dollars from the sale of your home, chances are your house will be on the market for years. The best way to drive away potential buyers is to put the house up for sale above market value. Keeping the house for sale at a reasonable market price means that there will be more interest in coming to an open house, therefore bettering your chances of making the sale. It is a well-known fact by realtors that if the price is right, there is a buyer out there for every house.

4) Find an agent with an extensive sales track record in your town- A good realtor will know exactly how to determine fair market price for your home. He should also have a record of being able to sell a home within three or four months. A realtor that is experienced in selling property in your particular neighborhood will be able to take you through the process efficiently and in a timely manner. If you have a realtor who doesn't have many years of experience, this will waste valuable time and money while he is still working on perfecting his craft.

5) Give the home have a warm and welcoming feel- If the walls in your home are painted in vibrant colors tone them down with neutral shades of tan and beige. This will allow perspective buyers to picture their own furniture in the home without distraction. Set the mood with lightly scented candles in the bedrooms and bathrooms. Soft calming music in the background will give the buyer a relaxed comfortable feeling. Buy new linens for the beds and throw pillows for the sofas. Give your home that "homey" feeling that everyone is looking for.

6) Do your research- Go to open houses and check out the other houses that are on the market in your area. See what they have to offer a potential buyer. If they have a cozy seating area in the master bedroom, create your own cozy seating area to entice those potential buyers. You would be surprised at the things you can do with just a few over-sized throw pillows and a window with a view. Gather ideas from other houses and use your imagination for the rest.

7) Offer incentives to potential buyers- When a buyer is interested in purchasing your home but wants you to come down on the price, try using other incentives instead. For instance, you may want to offer to pay the buyer closing costs. This is always tempting to buyers since it will save them money, allowing them to have more money for a down payment. Some sellers choose to throw in appliances such as the refrigerator, dishwasher or washer / dryer.

In a buyer's market, the seller has the task of being inventive in finding a way of moving his property. Making the sale is not always a piece of cake, but with a bit of effort, it can still be done quite successfully.

Selling Homes Fast – Great Tips On How To Sell Your Home Faster

If you looked at the new lately you know that trying to sell your home fast in today's real estate market is difficult if not impossible. Home sales have dropped and things don't look good for the near future. As a real estate investor I have learned a few tricks on how to sell my homes fast. Most of these tips are common sense but unfortunately many real estate agents and home sellers don't practice them.

Price your home appropriately for the market. Most people will overprice their home simply because it is their home. The fact is that your home is worth what someone is willing to pay you. So to find out what your home is worth make sure you look at comparable home sales in your neighborhood. After you find your true home value discount the price by at least three percent. No other factor determines how fast a home sells than price.

Advertise your home in as many low cost sources as possible. If you have listed your home then your home is most likely on the MLS system. The MLS system is your best source of advertising but there are many other forms of low cost advertisement. There are many websites that allow you to list your home and a picture of your home for free. Some of the sites charge a few dollars. Make sure you make plenty of flyers and signs and put them everywhere. Make sure you obey local laws concerning where you can place signs and flyers.

Visit your local real estate investor club or call them. Many investors are willing to buy your home for a fair price if you are flexible. It never hurts to get an offer. If the offer is to low then don't accept it.