How Do I REALLY Sell My House Fast in Chesapeake?
Today we’re gonna talk about the absolute best time to sell a house.
So when is the best time to sell a property?
Well, the truth is it depends.
If you bought it the right way, then anytime should be the right time.
However, will there be times in the market that are more advantageous than others? Try this one for a minute: Consumers and investors usually follow separate and opposite tracks.
So when all the consumers are buying up real estate, do you know what investors are typically doing? That’s when they’re selling! When everyone is in this buyer’s market, that’s when you can usually sell for the highest price and that’s when investors wanna trade into different properties.
How to Sell Your House Fast in Chesapeake's Market
But the opposite is also true.
When all of the consumers are dumping and saying “The sky is falling and it’s the worst investment that we saw in ’07 and 2008 and 9 and 10!”.
What were investors like me doing? We’re buying up everything like crazy! WarrenBuffett – he had his own hedge fund at the time.
He was buying 30.
40,000 homes per-year into the markets that actually were totally decimated.
So, best time to sell a home is really at the market high before it falls out is when you’re going to really cash in on top dollar.
But if your strategy requires that, then you may have in fact, the WRONG strategy.
Because if the market is ever turning and moving it away that it’s not advantageous for you, you should be able to continue holding that home, cash flowing it, and continuing to make money on it.Adam Buys Houses CompanyBlockedUnblockFollowFollowingAug 31, 2017
We buy houses for cash in Denver is a pretty popular thing going around in Denver. There’s quite a difference between selling your house and getting full retail and selling it at a discount. Go into a shopping mall and it’s clear to see the buyer wants to save money and the seller wants to make money. It’s as simple as that. When it comes to real estate however, a drastic psychological change happens. Honestly we may give a distressed house more value than it’s merit. Which is totally fine because a home has more value due to memories, experiences and value gained over time in calling it “home”.
If you’d like to get full retail chances are your house is in good to great condition, you are not in a rush to sell due to an impending event and can afford to pay a Realtor for their services in listing the house to the general public. If your situation is the opposite of this, selling to a we buy houses for cash in Denver company may be the best bet. Not because a real estate investor only buys houses from people that are “desperate”, but because nothing is holding them back from making a decision to help someone in need.
Let’s elaborate on why we buy houses for cash in your neighborhood and give an example of “how it works”.
There’s many different situations somebody has for selling a house to a we buy houses for cash in Denver company. Let’s give an example to bring this to light although your situation may differ from this.
Let’s call this seller “Sally”. Sally is 45 years old and lives in Aurora, CO. She is going about her busy day in life at work. She gets a phone call from the hospital saying that her last surviving parent, her mother, has passed away from a terminal illness. Tragic news for anyone.
Sally later comes to find out that her mother didn’t have a will as to what happens with assets her mother owned. Including real estate. The court let’s her know her mother’s estate is now in probate and she is currently assigned the Personal Representative. Since her mother was in the habit of collecting everything, the house is very dated and is a hoarded house. What does Sally do in this situation? She doesn’t want to sell with a Realtor out of privacy, she doesn’t want to sell for sale by owner because she doesn’t have the time and she cannot make any repairs let alone clean out the house to get it up for sale.
That’s where the Adam Buys House Company comes in. This may sound like a dramatic situation but it’s a realistic situation as well that happens with many families every month of the year. This is where a “we buy houses for cash in Denver” company comes in. The benefits of selling to a house buying company for Sally are:
- No days on market
- No repairs or cleaning is needed
- No closing costs for the sale
- No commissions for the sale
- House is sold “as is”
- Sally can choose the closing date
- No appraisal needed with a cash offer
See, this wasn’t a step by step how it works when selling to a we buy houses for cash in Denver company blog, this is really a why it works for many sellers to go with a we buy houses for cash in Denver company. Not everyone is in a situation where they can benefit in a cash sale, some people can wait months, handle the repairs and pay the expense of listing with a Realtor. Which is fine too. It’s all dependent upon what’s a right fit for the seller.
Sell a house to the Adam Buys Houses Company today!
We will make you a no obligation cash offer and like we say, “We at Adam Buys Houses Company have never bought a house that wasn’t a win/win situation.” Simply meaning unless you find our offer to be a fit, there’s no reason to sell! We strive for testimonial worthy transactions and always will. If you or someone you know would like to sell a house, regardless of the situation or condition. Give us a call directly at 303–558–5843 today.
Or simply click the link here to fill out our short form to get started on the selling process.
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This is one of the reasons why one of my many rules in real estate is that I buy below the median.
Why do I do that on my short-term buy and holds? Because if the market ever turns AGAINST me, I’m gonna keep on cash flowing that property and those lower-priced homes – they don’t lose value like a million ora half a million dollar home does.
So Warren Buffett has this principle, right?He calls it the margin of risk.
And really when you talk about the best time to sella house, I wanna draw attention to how Warren Buffett has become a billionaire and the, one of the greatest philanthropist of our day and age; all based on a very simple principle you may have heard called Buy Low, Sell High, okay?
Warren is a really great example if you read his book Snowball, of an individual that really live his principles. He must have understood VirginiaInvesting.com!
He says if you wanna reduce your risk, you gotta increase your margin of profitability.
So it’s real simple:If you buy a house as an investor, you buy it with a lot of equity ’cause if you do, whether it’s the wrong or right time to sell, you can sell profitably! Understanding this principle is key for this next part: If you buy the right house, you can sell it anytime for great profit.
I’ve got an example here of the house that I’ve just recently sold.
This is a house that I sold and purchased in ’05 and sold in 2015.
So I’ve held onto this house for 10 years and here’s some background on this house: I actually leveraged a partner’s money and a partner’s credit to buy this house.
So how much money was I into this deal? I wasn’t in it at all.
And I used my staff and my team and we basically lined it up.
Now I have here the HUD.
This is actually the closing documents on selling this house where I received as you can see here a $38,986check.
But here’s the summary on this spread that I wanna point out.
I purchased this house in 2005 and we bought it for $109,000 and a down payment of 10% was $1,069.
My expenses over the life of holding this was 70,000 but my income was a 107.
What’s the difference? Roughly $37,000 that we got to make in cash flow and to down payments, deposits, along the way.
Then when we sold the house, we collected a check for $28,000 that me and my partner got to split afterI paid back my partner the $9,000 that he put in.
So he put in the money, he got paid back.
So basically there’s 28,000 of profits to split, there’s 37,000 that was made along the way, 37 and 28 is roughly $65,000, okay? So this tiny little house – 4 bedroom, 1 and a half bath, did a good job taking care of me.
Now let’s just for a moment take a look at the ROI.
I could’ve sold this house at any time but why did I sell it now? Well, it’s been a cash cow.
The little bit out, how do I know it’s a cash cow? For a moment, take a look at the ROI! We put in $9,000 but look at what we got out? $65,000! That’s a 720%increase.
Now, divide that over holding the home for10 years and that is 72% a year on your money.
Now, my business partner and I made 72% a year based on whose money? His money! He’s.
he and I get to split the ROI 36% each.
But let me ask you, if I put no money in, what is my real net ROI? It’s infinite! Think about it.
I didn’t put anything in, but I got all of that money coming back out to me.
So this is an example of ‘I could’ve sold this house at any time.
It’s been cash flow cowing.
Why did I really sell it?’.
Because the market was right! What do you do when the market’s wrong? Just keep making money and keep cash flowing! When you do real estate the right way, it can always be a great time to buy, hold, or sell.
which is why I love short-term buy and hold strategies ’cause I get to make my money along the way.
I hope you’ve enjoyed today’s video on the best time to sell your house.
Put some comments below! We’d love to respond and give you the help that you need as we work on turning you into a brilliant, bright, and successful real estate investor.
So, you’ve decided to sell your home. Like any home seller, you want to get top dollar. You’ve seen those TV shows where property owners spend thousands on home staging. What do you do if you don't have thousands of dollars in your budget? You'd be surprised by our options. There are several steps you can take to make your home more attractive to potential home buyers without spending a lot of money.
Following are 10 budget-friendly ways to stage your home for sale.
1. Curb Appeal
First impressions make all the difference and that’s why it's so important that your home projects curb appeal. Go all out with small DIY tasks like trimming the bushes, cutting the grass, getting rid of debris and planting flowers. If applicable, replace an old mailbox with a new one, spray down the house if it looks dirty and paint or replace the front door. Do whatever it takes to make your home look great as potential home buyers drive by.
One of the most important aspects of a home for prospective buyers is the available space and the floor plan. That's why it's so important to make a home look as appealing and neutral as possible. Start by removing clutter, including an overload of knickknacks, personal photos, etc. Decluttering your home will create space, and that’s what home buyers look for. Eliminating clutter really makes a home look bigger and even newer.
If your rooms look crowded, consider moving bigger or less attractive pieces of furniture into storage. Also, make sure there's nothing obscuring buyers’ eyes from important focal points, like beautiful views or fireplaces. Home buyers often get hung up on the negatives and a cluttered home can make them pass on the property.
3. Thoroughly Clean
Wipe away cobwebs, wash the windows, scrub the grout, etc. You should also have furniture upholstery cleaned because it adds to the overall impression you’re trying to present. Clean or replace cabinet hardware and light fixtures if necessary. None of these tasks are expensive undertakings, but they can make a big difference. If you don’t have the time to do it yourself, hiring a professional cleaning service.
While painting is inexpensive in comparison to other improvements, a fresh coat makes a significant impact. That said, it's best to stick with trending neutral colors. You can even paint dated kitchen cabinets to give the kitchen a fresh, new look. If necessary, invest in having your home painted inside and out - it will pay off in the long run. If the walls actually look good, painting the trim or doing a little touching up here and there may be enough. Paint over bright, outdated colors with a neutral color (you can never go wrong with cream, brown or white).
5. Pay Attention to Details
As they say, "the devil is in the details”. Simple steps like cleaning or replacing cabinet hardware or light fixtures can make a huge difference in how the home is presented. A few accent pillows placed on the couch, a fresh floral arrangement on the coffee table, and a matching set of fresh, new towels in the bathroom add visual appeal as well.
6. Carpet Cleaning
Carpeting can show more damage than just about anything else in the home. If you have carpeting in your home, chances are it could present a problem. If the carpets are in fairly good shape, you can probably get away with just having it deep cleaned by a professional carpet cleaning company.
7. Wood Flooring
If you have wood floors, it will pay off to make sure they're clean and in good condition. If not, consider having them refinished. If cleaning doesn’t restore them, you may need to have them replaced. This can be pricey, but replacing the flooring will raise your home’s value.
It can't be stressed enough how critical it is present potential home buyers with a sparkling clean, clutter-free kitchen. Purge and neatly arrange your cupboards and drawers. Accessorize with things that make sense in the kitchen. Next, scrub down everything, including the drawers and cabinets. Clean your stove and oven until they shine. Polish up stainless appliances, removing fingerprints. Make sure to toss out smelly garbage to that there aren't lingering odors.
Thoroughly clean fixtures, shower doors, and tubs. Buy new replaceable parts that can't be cleaned well enough to be presentable. If the bathtub is stained, consider refinishing it. If the bathroom is small, a light paint color will make the room look bigger. Also, keep in mind that the bathroom wall color doesn't need to be the same as other areas of your home.
10. Tile and Grout Cleaning
Tile and grout cleaning can go a long way when it comes to increasing the appeal of a home. Cleaning tiles and grout can bring it back to "like new" condition, restoring their original shine.
There’s no set rule of thumb regarding how much you'll need to spend to get your home ready to sell because every home is different. Nevertheless, investing a few thousand dollars can increase the sale price by significantly more than that. It will also help make it possible for your home to sell a lot faster. Bottom line, anything that you can afford to do is going to be beneficial.