Amidst fluctuating home prices and selling timelines, understanding when it might be beneficial to engage with a professional home buying company can empower sellers with options.
Amidst fluctuating home prices and selling timelines, understanding when it might be beneficial to engage with a professional home buying company can empower sellers with options.
Amidst fluctuating home prices and selling timelines, understanding when it might be beneficial to engage with a professional home buying company can empower sellers with options.
How to Sell a Distressed Property Selling a home is not easy, not only because of the lengthy processes or volume of paperwork but more so because of the preferences and needs of the home buying market. People who are looking for properties for their new primary residence are very particular, magnifying every corner and making sure that their investment will be worth it. This puts pressure on home sellers to ensure that their properties are picture-perfect, which makes it difficult to sell distressed property. However, that doesn’t mean it’s impossible. There is a market of homebuyers looking for properties that are not perfect but they can work with with a couple of repairs, renovations, or improvements. The process of selling a distressed property will differ from the normal home selling process. There are a lot of things you will need to consider too. It’s important to be informed so that you can increase your chances of making a sale and receiving a good value for your distressed property. Choose your real estate agent wisely. Real estate agents are very knowledgeable about the home selling process and can help sellers advertise their properties and receive potential buyers. However, distressed properties are very unique, and if dumped in the regular market with a sea of perfect and well-maintained properties, making a sale will be difficult, if not impossible. This is why you need a real estate agent who specializes in selling distressed properties. They would have the experience and expertise to know how to classify and advertise your property, which increases the chances of you making a sale. Valuing a distressed property. The typical process of coming up with a purchase price involves looking at the different properties in your area. However, this may not apply to distressed properties. There are more things to consider and calculate when pricing homes that are not in perfect condition. Research and crunching the numbers become crucial at this point. You should always factor in the cost of repairs, renovations, and replacements that your potential buyer would have to make. To price your distressed property right, you may need professional valuations. Valuing a distressed property involves assessing several key factors to arrive at a competitive price that attracts potential buyers while reflecting the property’s condition. Here are the primary considerations: Extent of Repairs Needed: Evaluate the scope of repairs, renovations, or improvements required to bring the property to a marketable condition. This includes structural issues, cosmetic upgrades, and essential repairs. Local Market Conditions: Research current market trends in your area, including demand for distressed properties, average days on market, and recent sales data for comparable properties. Comparable Sales Analysis: Conduct a comparative analysis of similar distressed properties that have recently sold in your neighborhood. Adjust the prices based on differences in property condition, size, and location. Professional Valuations: Consider hiring a professional appraiser or real estate agent experienced in distressed property sales to provide an accurate valuation based on thorough assessments and market expertise. Understanding the difference between market value and distress value is crucial. Market value refers to the price a property would typically sell for under normal conditions, while distress value reflects the price it is likely to sell for in its current distressed state . Set a time frame. Most homeowners selling their distressed properties end up taking the first offer that they receive so that they can dispose of the property immediately. Despite distressed properties being hard to sell, you can still get better offers if you wait a little longer. When setting a time frame to sell your house, determine your priorities. Do you want to sell your house as quickly as possible regardless of the price? Or are you willing to wait for a better offer and allow your property to remain in the market for longer? Provide full disclosure. By default, home sellers are legally required to make full disclosures about the condition of the property. Everything from past repairs, issues, hazards, etc. should be brought to light. This is all the more important when selling a distressed property. Make sure you are honest with your potential buyers about the condition of the property. Otherwise, you’ll risk facing legal issues in the long run. Buyers also tend to trust sellers who give full disclosures, which can result in a faster sale. Marketing strategies for distressed properties. Effective marketing is essential to attract the right buyers for your distressed property. Consider the following strategies: Highlight Renovation Potential: Showcase the property’s potential for renovation and improvement, emphasizing the value that buyers can unlock through strategic upgrades. Target Investors and Flippers: Reach out to investors and flippers who specialize in distressed properties. Highlight the investment opportunity and potential for profitable returns after renovations. Digital Marketing: Utilize digital platforms such as social media, real estate websites, and targeted online advertising to reach a broader audience of potential buyers. Virtual Tours and High-Quality Imagery: Provide virtual tours or high-quality images that showcase the property’s features while transparently presenting its current condition. Emphasize Post-Repair Value: Illustrate the potential increase in value after repairs and renovations are completed, showcasing the property’s future marketability. The definition of distressed properties. Distressed properties are real estate assets that face challenges such as structural issues, financial hardships, legal complications, or significant repair needs. Distress sales refer to transactions where these properties are sold under less-than-ideal conditions, often at a lower price than their market value. Understanding the significance of distressed properties and distress sales is essential for sellers, buyers, and real estate professionals operating in this segment of the market. Types of distress sales and cash purchases. Distress sales encompass various scenarios where properties are sold under unfavorable conditions. Examples include: Foreclosures: Properties sold by lenders or banks due to default on mortgage payments. Short Sales: Sales where the proceeds are less than the outstanding mortgage balance, requiring lender approval. Financial Hardships: Sales prompted by
Amidst fluctuating home prices and selling timelines, understanding when it might be beneficial to engage with a professional home buying company can empower sellers with options.
Amidst fluctuating home prices and selling timelines, understanding when it might be beneficial to engage with a professional home buying company can empower sellers with options.
Amidst fluctuating home prices and selling timelines, understanding when it might be beneficial to engage with a professional home buying company can empower sellers with options.
Amidst fluctuating home prices and selling timelines, understanding when it might be beneficial to engage with a professional home buying company can empower sellers with options.
Selling a house can be a daunting task, especially when you’re looking to do it quickly. Whether you’re relocating, downsizing, or just eager to move on, the Sacramento real estate market offers both opportunities and challenges. In this guide, we’ll walk you through the steps and strategies to sell your house fast in Sacramento, addressing common challenges and providing solutions to ensure a smooth and speedy sale. Pricing Your Property Right The key to a quick sale often lies in setting the right price for your property. Research the current market trends in Sacramento, analyze comparable sales in your neighborhood, and consult with a local real estate agent to determine the optimal listing price. Avoid overpricing, as this can deter potential buyers, and consider pricing your home slightly below market value to attract more attention. House Staging for Success First impressions matter, and staging your home can significantly impact a buyer’s perception. Declutter your space, depersonalize by removing family photos, and strategically arrange furniture to showcase the potential of each room. Invest in minor repairs and updates, such as a fresh coat of paint or modern fixtures, to make your property more appealing to potential buyers. Enhance Your Homes Curb Appeal A well-maintained exterior creates a positive first impression, enticing buyers to explore further. Keep the lawn manicured, add colorful flowers, and ensure that the entrance is welcoming. A fresh coat of paint on the front door and updated hardware can make a significant difference. Remember, curb appeal sets the tone for the entire viewing experience. Implement Effective Marketing Techniques To sell your house fast, you need to reach a broad audience. Leverage both online and traditional marketing channels. Invest in professional photography to showcase your property in its best light on listing platforms. Use social media, create a compelling listing description, and consider hosting virtual tours to engage potential buyers who may not be able to visit in person. Timing Matters Understanding the timing of the real estate market can be crucial to a quick sale. According to research, houses tend to sell faster in spring and summer, with the peak months being May and June. Additionally, listing your property early in the week may increase visibility, as many buyers actively search during weekends. Addressing Common House Sales Challenges Sometimes, houses linger on the market due to various reasons, such as overpricing, poor condition, or inadequate marketing. If your property has been listed for an extended period without attracting offers, reassess the pricing strategy, consider making necessary repairs, and revisit your marketing approach to revitalize interest. Selling your house fast in Sacramento requires a combination of strategic pricing, appealing presentation, and effective marketing. By addressing common challenges and leveraging the optimal timing, you can increase your chances of a quick and successful sale. Remember, each property is unique, so tailor these strategies to fit the specific characteristics of your home and the current Sacramento real estate market. With the right approach, you’ll be on your way to a swift and satisfactory sale. If you find yourself in a situation where you need to sell your house quickly or are encountering challenges in the traditional real estate market, reaching out to a reputable “We Buy Houses Fast” company like us can be a game-changer. We specialize in expediting the home-selling process, offering a hassle-free solution for homeowners facing time constraints, financial difficulties, or those simply seeking a swift and straightforward transaction. With our expertise, we can assess your property promptly, provide a fair cash offer, and streamline the closing process, allowing you to move forward with confidence and peace of mind. Don’t let the complexities of selling a house fast overwhelm you—contact us today, and let’s explore the options that best suit your needs. Get Your FREE Cash Offer in 2 hours
Skye Homes is thrilled to announce an exclusive limited-time promotion that aims to assist homeowners with their moving expenses. Skye Homes, a direct homebuying company, is thrilled to announce an exclusive limited-time promotion that aims to assist homeowners with their moving expenses. Beginning immediately and running until December 31, 2023, Skye Homes will provide qualified homeowners with an advance of up to $3,000 for moving-related costs, helping to alleviate the financial burden associated with relocating. The Skye Homes team understands that moving can be a challenging and costly process. Recognizing the need to support homeowners during this transitional period, the company has introduced this unique promotion. The funds advanced by Skye Homes will be credited towards the purchase price at closing, offering homeowners a practical solution to cover essential moving expenses. Key Details of the Promotion: Advance for Moving Costs: Skye Homes will provide homeowners with an advance of up to $3,000 to assist with moving-related expenses. Promotion Duration: The promotion is valid from October 6, 2023, through December 31, 2023. Homeowners must close their property sale within this time frame to qualify for the advance. Credited Towards Purchase Price: The funds advanced by Skye Homes will be credited directly towards the purchase price at closing. It is important to note that this advance is not in addition to the purchase offer amount. Nationwide Eligibility: Homeowners from all over the United States are eligible to participate in this promotion, making it accessible to those seeking to sell their homes to Skye Homes. Hassle-Free Process: Skye Homes is committed to making the process as seamless as possible for homeowners. They will work closely with each client to ensure a smooth and stress-free transaction. Commenting on this promotion, Jake Knight, President of Skye Homes, stated, “At Skye Homes, we understand the financial strain that can accompany the moving process. Our goal is to make the transition as easy as possible for homeowners who are considering selling a home to an investor. This promotion reflects our commitment to providing practical solutions to homeowners nationwide.” To take advantage of this limited-time promotion and find out more about Skye Homes, interested homeowners are encouraged to visit the company’s website at www.skyehomes.com or contact the Skye Homes team directly at (866) 207-1940.
In the following guide, you’ll gain some useful tips and tricks that should make your Sacramento home more appealing and bring in numerous offers. To sell your Sacramento home quickly, you need to take the right approach to this process. A quick sale requires making a good first impression with potential buyers. To that end, there’s a considerable amount of work involved with preparing your home for sale. Declutter and Clean the Space Among the most important things you can do to make your home more appealing to potential home buyers in Sacramento is to declutter it as much as possible. Doing so allows your rooms to appear larger and more spacious. Try to remove around 50% of your possessions. If you don’t have another house or apartment to move these items to, consider renting out a small storage unit in the meantime. While you declutter your home, remove any pieces of furniture that make a room more crowded. Buyers need to easily move around your home without bumping into any of your furniture. Move furnishings away from architectural features, doors, and windows. All personal items should be removed as well, which means taking posters, artwork, and photo frames out of your home. Keep in mind that a cluttered home could sell for less than it’s worth, which is why you might want to think about hiring a professional organizer who can assist you with this process. Once you declutter your home, it’s highly recommended that you perform deep cleaning, which is most effective when done by a professional cleaning crew. Carpet cleaning is also important when preparing a home for sale in Sacramento. Add a Fresh Coat of Paint You can substantially improve your home’s appearance with a fresh coat of paint. The right color can make smaller rooms appear larger. You can also use paint to emphasize certain architectural details. The best options are neutral colors like gray, beige, and tan. If you don’t want to repaint your entire home, focus specifically on the foyer, kitchen, and bathrooms. Make Essential Repairs If you want to sell your Sacramento home quickly, you might not have time to make numerous repairs. However, the most significant issues around your home should be fixed before you list it on the market. Look for any dents in your walls and kitchen appliances that aren’t functioning properly. All bathrooms and kitchen faucets should be running without issue. Make sure your major home appliances are in good working order as well. Inspect the exteriors of your home. If you notice any rot, peeling, or cracks, make the necessary repairs before listing your home. All landscaping should be trimmed as well. It’s best to allow a professional to handle most repairs if you want everything done without delay. The repairs and renovations you make can substantially increase your home’s value. Consider Pressure Washing Exteriors One of the simplest methods you can use to prepare your home for sale in Sacramento and boost your home’s curb appeal is by pressure washing the exteriors. Over time, dirt and mold accumulate and provide your home with an aged appearance. Pressure washing everything from your deck and patio to exterior walls can rejuvenate the look of your home. Avoid Saying the Wrong Things During a Showing It’s best to have your real estate agent handle all public and private showings when you’re selling a home in Sacramento. If you stay there, however, make sure you avoid saying the wrong things. Never talk about why you’re selling, pricing, and other offers you’ve received. Create Effective Home Staging The final thing you need to do before you list your home for sale in Sacramento is to stage everything correctly. While leaving your home empty is better than having it cluttered, buyers want to be able to see themselves living there, which is much easier to do when some items are left in place. Consider having your home professionally staged, which increases the likelihood that you’ll make a great first impression and sell your home at a quicker rate. This process doesn’t need to be an exhaustive one. Even some small updates to a room can make it appear practically brand new. While you should try to stage every room when selling your home in Sacramento, focus on the most important areas, which include the master bedroom, all bathrooms, the living room, and the kitchen. As an example, you could place a bowl or plate of fresh fruit and vegetables on the kitchen counter. If you’ve already removed all your furniture, consider renting some while your home is listed on the market. Once you’ve taken all the necessary steps of preparing your Sacramento home for a quick sale, look at everything from the buyer’s point of view. Don’t hesitate to ask your friends or family members for their feedback to make sure you don’t overlook anything.
One Northern California investor makes it a point to put renters’ needs first when buying the home they live in. Landlords don’t always have it as easy when it comes to selling a home with leased tenants. If renters are on a month-to-month lease and cooperative, the homeowner will usually send a notice to vacate and list the home for sale once emptied. What about situations where the renters are not cooperative or the seller needs to sell during a lease period? Since many buyers want to move in after purchasing, they won’t even consider a home that has renters. This leaves the seller at a disadvantage. Jake Knight, owner of Skye Homes, a Bay Area and Sacramento-based investment company, has come up with a creative solution that works for the seller and the renter yet doesn’t require an eviction. Here’s how it works: An offer to buy the home is made to the seller contingent upon a successful lease buyout. The seller introduces the buyer to the renters and the renters give input on how long they need to move out. The “cash for keys” buyout offer includes cash compensation as an incentive. The negotiation is done with the seller’s consent. If the negotiation is unsuccessful, there is no pressure on the renters to move out, and the seller has lost nothing but a short period of time while negotiations took place. “I like to ask renters: ‘If you were to move out early, how much time would you need and how much money would you need?’ If their lease is scheduled to end a few months later, for some people it’s very appealing to move slightly earlier and get extra money in their pocket. I usually wouldn’t approach someone who moved in recently and ask them if they want to move.” In some cases, the renters are not paying rent or do not have established leases in place. Jake believes charging a nominal rent per month (which he usually credits back after they vacate), in addition to surplus “cash for keys” money, gives renters an incentive to vacate on time plus flexibility to find a new home without being under pressure. “They feel like they’ve gotten a good deal from someone who wasn’t pushy or greedy,” Jake added. Short Term Leases & Seller Benefits Jake notes that this approach works best on shorter term leases. “In the Bay Area, I like 5 months or less depending on the time of year. It may be worth it to time it up with a hot spring selling market, even if it’s slightly more expensive to hold a few more months.” The benefits for the seller are more control over the timeline, help with tenant negotiation (if relations have soured or they’re just not comfortable doing it), and knowing that their leased renters are being taken care of. Jake added: “As a business owner I’ve always believed that if you take care of your customers they will take care of you. It’s the same thing with buying real estate. Take care of your clients and they will take care of you.” Disclaimer: This is not legal advice. Always have a local eviction attorney review the situation and ensure you are compliant with local laws.
How to Sell a House With Lead Paint Lead has been banned in the United States since 1978 after health experts and professionals revealed its harmful effects on human health and wellness. Because of this ban, lead has no longer been used to legally produce materials such as toys, appliances, paint, and other objects. While small lead-made merchandise can easily be phased out and eliminated from the market, the same cannot be done for immovable properties like houses. There is a strong possibility that homes constructed before lead was banned in 1978 were painted with lead-based paint. Houses with lead paint create a dangerous environment for all their inhabitants. Lead-based paint easily deteriorates and chips off of walls and other surfaces. When these turn into fine dust and are inhaled, it can result in severe damage to a person’s brain and organs. In severe exposure, lead can cause seizures, mental disabilities, and death. With the rise of awareness of the negative health consequences of lead paint, it can be difficult to sell homes painted with toxic substances. In this article, learn how to test for lead paint in your property and what you can do to sell your house with lead paint. How to Test for Lead Paint in a House The best way to determine if your house has traces of lead-based paint is to engage a professional. Home inspectors have the tools and equipment needed to identify lead paint and can give you accurate and quick results. However, lead paint testing can be expensive owing to health concerns. If you don’t want to spend on professional lead inspection services, you can DIY your lead testing with the use of a testing kit. Some hardware stores offer lead paint test kits for sale that depend on chemical interactions to detect the toxic substance. If you opt to conduct the test yourself, make sure to practice care and follow the instructions in your testing kit. What You Can Do to Sell a House With Lead Paint? If you detect traces of lead-based paint on your property, you should do something about it before you put the house on the market for sale. This is to prevent legal consequences and also to protect the well-being of your potential buyers. Depending on how much lead-based paint was used in your home, you can either contain the lead paint or completely remove it. Small traces of lead can be contained with maintenance until it deteriorates. This process involves waiting for the lead to chip or flake off, with professionals inspecting and maintaining it frequently until the toxic substance is completely eliminated. The affected area can then be redone with lead-safe materials. However, if most of the house is painted with lead-based paint, it’s highly recommended that you completely remove it. For this method, you will need to engage a certified lead paint abatement specialist. Although this service is expensive, do note that it’s highly inadvisable to take on the task of removing lead paint yourself. Sell Your House With Lead Paint to Skye Homes Selling a house with lead paint is difficult considering the health concerns, as well as the large expenses of removing or containing the toxic substance. Instead of going through the expensive process, you can opt to sell your house to Skye Homes instead. We are direct buyers of properties across the United States and purchase homes as-is. We don’t require any repairs, renovations, or staging, which means fewer expenses and hassle on your part. Just tell us about your property and we can make you an all-cash offer.
We cover the issues one might encounter selling a hoarder house and how to overcome those challenges. Hoarding disorder is a mental condition that is associated with the excessive accumulation of items. It creates a perceived need to acquire and keep countless amount of things regardless of their actual value or usage with a persistent difficulty to discard or get rid of them. This often leads to cramped living conditions as the house is sometimes filled to capacity. According to RisMedia, 2% to 5% of the US population are considered hoarders. This makes hoarding more common than you might think. Yet, no less damaging as it often creates unsafe conditions for both the hoarder and other neighbors around the hoarding home. Trying to rid themselves of masses amounts of clutter can be stressful, hoarders are often indecisive and emotionally paralyzed at the prospect of doing so due to obsessive thoughts on how they might still need certain items in their home. Even at the risk of losing everything, including their homes, and the well-being and health of their families, and their own. Eventually, hoarder homes must be sold. This can just be a part of life, needing to relocate to another home, at the passing down of an estate, or due to local laws and condemnation of the property, and legal orders to vacate and sell the hoarder house. What Are The Issues With Selling A Hoarder Home? While there may often be no choice but to sell a hoarder house, except to allow it to be seized in foreclosure, that doesn’t mean it will be easy to sell. Selling hoarder’s house is definitely preferable to just allowing the property to be taken away, and the owner still potentially owing all debts that were attached to it, but there can be challenges. Emotional Distress Trying to sell a hoarder home like this can be stressful and create an emotional turmoil for the hoarder, and family members. If it is your house, it can be smart to enroll the help of a family member to help you through it. If you are helping a family member who is suffering from hoarding disorder, your job is to both be there to empathize, yet help them get through it, and swiftly. When you help a hoarder to find a prospective buyer for their home, you are helping them achieve a sale. They may not be appreciative during the process, but can be very grateful afterwards. It can take some tough love. Stick it out. Logistical Difficulties Selling a hoarder home, or even preparing one for sale can be a logistical challenge. Even if you live locally to the property and do not have to deal with travel and expenses, it can mean time out of work, and a lot of time in coordination. Even if you can afford to spend weekend and after weekend, and week after week dealing with it, it may well cost you in your other relationships and responsibilities. What do you do with all the stuff when selling a hoarder’s house? You may need to coordinate with cleaners, charities, waste disposal firms, the city, and agents and potential buyers. It can be a full-time job trying to sell a hoarder house. Sifting Through the Stuff Whether the hoarder themselves is helping you or not, you’ll typically be tempted to sift through the items in the hoarding house as much as possible. You’d think there may be something of value there. Often there may not be much, given age of the belongings, and certainly in contrast with the cost of losing the property or the house. Still, you may want to look out for paperwork and personal items which may have some meaning, or donate many items in the home to nonprofits which can put them to use. If they are safe. Hiring Cleaners & Contractors Every home seller needs to do some cleaning and repairs before putting their property on the housing market. However, in many hoarding house situations, you will need a lot more than a quick cleaning, a fresh coat of paint, and getting rid of old appliances. You may required to bring in professional biohazard level services, similar to those used after a crime scene investigation. This is not a cheap, fast, or simple clean-up job in a regular house. Hoarding can create serious healthcare concerns and dangers lurking in homes with lots of clutter as there might be heavy odors from biological wastes such as dead animals, animal feces, rotten walls and floorboards, and sewage backup. There can also be dangerous chemicals, hazardous materials, or infectious diseases in hoarder houses. This requires extreme cleaning to make the house sell-ready. If a lower level of cleanout is needed, you can hire a senior move manager to help declutter. Our sister organization, My Move Project, helps hoarders in the Sacramento area. If you’re outside of that area, visit NASMM.org to find a move manager near you. If you’ve ever moved, or tried to do a deep cleaning and organizing of your own home, you know that the job can notoriously grow larger and larger as you dig in. What looks manageable can turn into a massive undertaking, that just keeps becoming a larger burden as you dig deeper. All while the clock is ticking away to sell the property, expenses are rising, and the risk of loss grows. Once the hoarder’s home is completely cleared out, and made safe (if possible), then you’ll typically need to begin bringing in trustworthy contractors and inspectors to assess the situation of the house, provide quotes on necessary repairs such as electrical systems, plumbing, and even structural problems, and begin laying out a scope of work and timeline. This may be a lengthy process, though code enforcement fines and violation penalties can add up by the day. Sometimes this is as high as $1,000 per day. The Complexity of a Sale The common method of finding a real estate agent, listing a
We discuss the main questions around selling a house fast as well as working with investors to sell your home. How can I sell my house fast full of stuff? If you need to sell a house full of stuff (and you don’t want to remove it all yourself), then find an investor who is willing to buy the home and remove all your unwanted items after the sale. Make sure to take time going through everything so that you don’t miss valuable items that end up getting tossed. Alternatively, you can hire a junk removal company but make sure to get multiple bids and stay away from the national brands as they are typically quite expensive. Is it better to sell everything and move? Selling individual items can be extremely time-consuming and stressful. People who buy smaller items via neighborhood apps typically want to haggle or low-ball you. Do you really want to do this 20 times? How do I sell my cluttered house? The best way to sell a cluttered house is by working with a direct homebuyer (aka investor) who can do the cleaning or repairs once they buy the home. Alternatively, a real estate agent may be willing to help coordinate a decluttering service, however, these services cost money. How quickly do most houses sell? This depends on your market. The best way to find out how long houses take to sell is by looking at nearby recent sales on Zillow or Redfin and comparing the list date vs the sale date. In hotter markets a fully remodeled house might go under contract after the first weekend but if the home is outdated, during colder months, or in a less desirable location, it may take a few months to receive any offers. What is the fastest a home can be sold? The fastest a home can be sold depends on who the buyer is and how fast the title company can perform. Usually 7 days is the fastest a home can be sold. What time of year is best to sell a house? In most markets, spring to early Summer (January to June) is the best time to sell a home, although if you are selling to an investor, the time of year does not matter. After the winter blues wear off, many buyers are ready to go out and shop for a home. If you are thinking of selling in November or December, it is highly recommended that wait until your market warms up before selling. What months do houses sell the fastest in? In a lot of markets, the spring and early summer months are when houses sell the fastest. September and October also rank high in a lot of markets. How can I make my house look good to sell without spending a lot? You can make your house ready to sell by decluttering, painting (even just spot painting), trimming the yard down, and doing a deep cleaning. These are tasks that can be done inexpensively but add a lot of value to your resale. What is the quickest way to sell a house? The quickest way to sell a house is to work with a direct buyer (real estate investor). These buyers can be found online and usually offer to close in as little as 7 days. Simply search for “we buy houses companies near me” and you will get a list of results. Read our guide on what to know when selling to an investor here. What is a cash home buyer? A cash home buyer is simply a real estate investor. They are also known as direct homebuyers, “we buy houses” companies, or fix & flippers. All terms describe the same thing. How much do investors pay for houses? Most investors pay a percentage of the “after-repair value,” but that amount can vary greatly, and it usually depends on what condition the property is in. For homes that are very outdated or in poor condition the amount an investor can pay is closer to its actual value than if the home is already remodeled. This is because most investors’ business model relies on selling a home at a higher price-per-foot than repairs cost. For example, a 1,500 sqft home in poor shape is sold for $500,000 and the investor projects to spend $67 per foot on remodeling ($100,000). The investor sees that remodeled homes in this area sell for $430 per foot ($650,000). After holding costs, resale commissions, and renovations, the investor can ensure a safety margin and profit after remodeling the home. How do I know if a “we buy houses company” is reputable? First, check around the web for testimonials. We recommend starting with a Google search, but also check Facebook, Yelp, and less commonly the Better Business Bureau. Legitimate are usually spaced out over time, come from active users who review other businesses, and usually vary in writing style. You can also ask the company for past client references. Is it safe to sell a home to an investor? Yes, but you need to do the same due diligence you would do for any other large transaction. Make sure you check references and reviews, ask questions to get to know the buyer, and review the paperwork carefully so that you understand it. What are the disadvantages of selling a home off-market? The primary disadvantage of selling a home off-market is less exposure which means you may miss out on other offers. What are the advantages of selling a home off-market? The primary advantages of selling a home off-market are paying less (or no) commissions if you choose to sell without a real estate agent, privacy, it can be easier to find buyers, sell without doing repairs or cleaning, and solve complex problems that retail buyers are not capable of handling.
You’ve decided to sell your house and need to figure out which avenue to use. Will you opt for a traditional market sale or work directly with one of the “we buy houses” people you’ve found online? My name is Jake Knight and as a full-time investor and Realtor I’m here to give you the insider scoop from both sides. Let’s start with the main question: what is the difference between selling with a Realtor vs. selling to an investor? Selling with a Realtor means publicly broadcasting your home with the primary goal of maximizing your exposure to obtain the highest price. Selling to an investor typically means trading a bit of the price for some other benefits such as privacy, not dealing with repairs, a guaranteed quick sale, more flexible time frame for moving, and leaving all your unwanted items behind. Selling on the market means buyers are ready to move in once they close and it can sometimes feel adversarial with the two agents fighting for your interests. Not always, but sometimes. This may be worth it for you. Pros And Cons Of Selling To A “We Buy Houses” Company Pros: less paperwork, private, no open houses, no need to clean or fix things, leave junk behind, flexible time frames, no commission. Cons: may sell for less, need to look out for yourself, paying commission. How To Find Direct Homebuyers If you haven’t already received postcards or letters simply do a web search for “we buy houses (city)” or “sell my house fast (city)” and you’ll get a long list of potential suitors. 5 Tips To Sell A Home On Your Own You’ve decided to call some investors and generate some interest. Follow these pointers to help protect yourself and walk away feeling good about your decision. Get references and read their reviews online Many direct buyers these days have websites and some have reviews from past clients. I recommend asking the buyer to provide a few references of either sellers they’ve worked with or Realtors they’ve closed deals with. Don’t be afraid to do a little digging to ensure your buyer is reputable and reliable. Fill out disclosures and be transparent about property defects Many sellers want to avoid more paperwork or disclosing all of the home’s little annoyances but I recommend against that. Filling out property disclosures can better protect from future liability. Disclose any material facts about the property, in writing, so that it doesn’t come back to haunt you. I also recommend being transparent to avoid a buyer later discovering the issues on their own and coming back with a price change. Research your state’s disclosure rules. Ask for proof of funds Any credible buyer will be able to provide this. Some buyers use “hard money” loans and these are loans for fixer-uppers. They’re simpler than mortgages and it doesn’t mean your sale has to be dependent on loan or appraisal contingencies. A preapproval letter from a hard money lender, or bank statements, should suffice. Ask if the buyer is going to close on the home or find another buyer A little industry secret is that some “buyers” are only looking to assign the purchase rights to another buyer for a slightly higher price (aka wholesaling). It’s legal in most states but adds a layer of complexity to your sale (e.g. what if the buyer’s buyer backs out at the last minute?). It’s not that you should outright reject this proposal, but it’s usually a little easier and cleaner if the buyer is the actual buyer. Work with an escrow company Always use an escrow company and connect with the escrow officer to ask for help ensuring the transaction goes smoothly. They’re an independent party but certainly can help facilitate a smooth, legal closing. You’ll also want to make sure the buyer’s earnest money deposit is submitted. A Hybrid Approach You can always ask a trusted Realtor to help you find an investor “off-market.” Selling your home to an investor does not automatically mean you can’t use a Realtor. Many Realtors have investors on speed dial and can quickly generate offers for you. This structure helps you with paperwork and due diligence but also allows you to stay private and not deal with the market pressure. Money-saving tip : I would ask your Realtor if you can pay only one side of the commission instead of the normal 5-6%. Most would be happy to oblige. Let’s Talk About Price Don’t sell unless you feel it’s a win for you. If your only goal is to maximize your price (and your home is clean and livable) consider selling on the market. It can be helpful to get multiple offers but even if you are selling “off-market,” multiple offers can function as a market itself. Are you trading convenience, privacy, or other goals for a bit of a discount? Is the price you’re getting worth the trade-offs? That’s the question only you can answer. If you’re in Northern California and would like to learn more about selling on the market or getting a direct offer, visit www.skyehomes.com or call Jake Knight at 866-207-1940.
Selling your home can be an overwhelming and difficult venture, but when closing phase with a buyer, you are rewarded with a large sum of money that you can use for a variety of things! Some people buy cars and other material objects, others use the money to pay for daily expenses, and there are those who set it aside for their life savings. While you are free to spend the money as you wish, did you know that there are things you can do with it that will benefit you in the future? Some reinvesting methods even allow you to multiply those earnings and create a steady cash flow! We lay down some ways you can reinvest the proceeds from your house sale and pave the way for more financial freedom. 1. Invest in a rental property. Selling your home will yield a lump sum of cash that you can use to purchase another property, but this time, you can use your purchased house as a rental property and put it out for lease. This can give you a steady passive income for years, with the renters’ market being continuously in demand. As a bonus, reinvesting in another property avoids capital gains taxes! By leasing out your property to tenants, you can earn an average of $50,000 a year as passive income, depending on where your property is located. Houses in prime areas and good neighborhoods are highly sought-after by couples and families. 2. Conduct home improvements in your primary residence. While spending on the home you live in seems like an expense more than an investment, home improvements can go a long way in increasing the value of your home. If you decide to sell your primary residence in the future, you can receive a huge percentage as returns and build equity. While you can enhance any part of your home, it’s ideal to focus on the things that matter to potential buyers. Some value-adding improvements you can make include repairing or replacing the roof, modernizing the design of your kitchen, refreshing your exteriors, landscaping, and more. 3. Invest in a real estate crowdfunding opportunity. Real estate crowdfunding involves collecting a pool of investors to generate the capital needed for a real estate project. It’s undertaken by people who want to buy homes, rental properties, or fund other projects. Investors who put their money into these opportunities become shareholders of the property and receive a share of its proceeds and income. Contributing to a real estate crowdfunding opportunity can become a good investment, as long as you do your research on viable options in the market. This can generate a stable passive income that you can enjoy both now and in the future. 4. Contribute to a 529 plan. Most home sellers use the proceeds of their sale to pay for present and future expenses. If they have children, some of the money is set aside for their college education. When creating a college fund, it’s recommended that parents create a 529 plan instead of keeping the money in a bank account or elsewhere. 529 plans grow tax-free and only get taxed when the money is withdrawn. These savings plans can help parents set aside money for their children’s future education more wisely without the risk of extra expenses or depleting the college savings for other things. 5. Pay off your high-interest debts. Debt can weigh you down for a long time, especially if they accumulate high-interest rates. The large sum of money that you receive from your home sale can be used to clear all your debts so that you can achieve financial freedom and become worry-free. Use the Proceeds of Your Sale Wisely! Instead of spending the money you earn from selling your house on material things, you can use it as an investment to benefit you in the future. If you haven’t sold your property yet, you can liquidate it quickly and for a good price with Skye Homes. We buy houses nationwide, directly transacting with the home seller. We eliminate all the bells and whistles of selling a property by investing in houses on your terms and simplifying the process. Tell us about your property and we can give you an all-cash offer!
First impressions matter when it comes to selling a home. So it’s important that the first thing your potential buyers see when they view your listing is appealing enough to generate their interest. That means having a yard that you can use as your main selling point. Having a well-maintained and eye-catching yard can get you more interested buyers and boost your home’s market value by 15% and perceived value by 12%. We let you in on our quick hacks to beautify your yard to sell your home fast and for a good price. 1. Focus on Intensifying Your Curb Appeal Especially if you’re posting photos of your house for sale on listing sites, your potential buyers will judge a book by its cover. It’s important that you grab their attention from that first photo. Otherwise, they’ll simply scroll on and ignore your listing. The same principle goes when holding open houses. If you don’t attract visitors before they even set foot in your home, they’ve already lost interest before they’ve even seen the indoors. That’s why your curb appeal is vital in helping you sell your home. Don’t deter your buyers from wanting to live in that piece of property. Instead, spark their interest by going the distance to make sure that your curb appeal makes a good impression. Some things you can do are: Touch up your exterior with a fresh coat of paint Trim bushes and trees Pull weeds Mow the grass Get rid of garbage and clutter 2. Clean and Maintain When buyers go to a walk-through of properties they are interested in calling home, they tend to get very particular to the point that even the slightest mess can deter them from purchasing a piece of property. After all, this is one of their biggest investments, so they want to make sure that everything is perfect. Make sure that all corners of your home are clean and well-maintained — from your yard to the attic. A neat, tidy, and well-presented home will also show your potential buyers how much care you put into maintaining the property, which is an impression that will go a long way to making a sale. As part of your maintenance efforts, conduct the following activities: Power wash your sidewalk, doorway, and porch Pull the weeds and edge the lawn Trim bushes and trees Eliminate clutter Give fences a fresh varnish Repair any damages on your porch, steps, fences, mailbox, etc. 3. Help Buyers Envision Their Life in Your Yard You’re not just showing off a house that you used to own. You’re showing off a property that someone will soon call home, so make sure that you are making efforts to help potential buyers envision what their life will be like if they decide to live there. Make your yard feel as homey as possible. Add seating areas, leisure items like a fire pit or hammock, grilling area, etc. When your buyers spot these in your yard, they will be able to see themselves relaxing and having gatherings there every weekend or watching their kids run around and enjoying the outdoors. If your buyers can imagine what their life will be like living in the property, they feel a sense of attachment and interest and almost always end up making the purchase. 4. Don’t Forget About Efficiency While you’re conducting all these improvements to make your house for sale more appealing to buyers, make sure that you’re staying efficient. Always crunch the numbers and avoid spending more than you can potentially earn. Remember that even the smallest and most budget-friendly fixes can make a huge difference. Sell Your Home to Skye Homes As Is There is a lot to do when selling your home. That includes making the necessary repairs, undertaking renovation efforts, maintaining your lawn, etc. Sometimes, we just don’t have the luxury of time and resources to do all these. If that’s the case for you, why don’t you consider selling to real estate investors like Skye Homes? We are real estate investors who are interested in all sorts of properties across the United States. We purchase homes directly from sellers as-is, without requiring any renovations, repairs, and all the nitty-gritty tasks usually involved in the home selling process. As long as we see potential in your home, we can make you an offer within a couple of days and close the sale immediately! No hassle, no hidden fees, no commissions — you get the value of your home in full. Ready to sell your home fast and for a good price? Request an offer today.
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On the other hand, there are some sellers who need a custom solution due to either the property’s condition or the seller’s personal situation, or a combination of the two.
When the property is in really bad shape, they’re likely going to sell to an investor, so it may make sense to save money on commissions and find their own investor.
Some examples of personal situations that we can help with are: hoarding, pre-foreclosure or other financial issues that require a fast home sale, house with non-paying tenants or squatters, severely delinquent property taxes, homeowners who want to rent back the home longer than normal, or sellers who value privacy and/or are embarrassed by their home.
If your seller lead meets these criteria, you should propose the idea of making an introduction to me. You can simply suggest to them that your partner or colleague buys houses and ask if they are interested in speaking with me. Remember, you are not performing real estate agent duties. See our disclaimer below. The main thing to keep in mind at this point is to qualify them as a good fit or not. I can help you with the documentation and process things.
