I want to sell my house in Portsmouth – 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 Portsmouth.
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.
Sell My House Fast In Sacramento— We Buy Houses Chesapeake
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 Portsmouth.
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.
3 Formulas To Sell Any House In 7 Days Or Less in 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 Portsmouth.
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 Sell Your House Fast!
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 Portsmouth!
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.
Sell My House Fast Chesapeake!
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 you can Sell My House Fast 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.
The real estate market is soft. It is truly a buyers market. In addition, the ability for a buyer to secure a new mortgage has reached unprecedented levels craziness. To get a new mortgage these days, a potential buyer has got to have almost pristine credit along with backup savings and a long, stable work history.
I am in the business of buying investment homes and then selling them for a profit. In the following paragraphs, I am going to describe how you can sell your house quickly. You will not have to pay realtor commissions. You will not have wait 45 to 60 days while your buyer gets a blessing from his mortgage company. You will not have to put up with all the back and forth price dickering. You will truly have the upper hand here.
The very first you need to do involves some work. Your house needs to be marketable. Now, I am not going to go into all the specifics of updating your house here. You will find that in some of my other articles. Suffice to say, drive up appeal needs to be good, the inside of the house will need to be updated, uncluttered and clean.
Now that your house is ready, take pictures of the outside front, living areas, kitchen and baths. Take some time and search your area online for three good web sites to place an ad. Craigslist might be one of them. Your ad headline will read something like this: Rent To Own Home. Easy Qualify.
I know what you are thinking, I do not want to be a landlord. I know, I get it. But read on, it gets better.
The type of buyers we are going to attract are people who may be self employed. They make a good living and have cash but do not necessarily show a great deal of income, because of expense allowances, on their 1040 tax form at the end of the year. Your buyer may also be coming off a divorce that forced them to into a bad situation. There are other scenarios, but basically you have good people.
Your offer to a potential rent to own buyer is this: You will lease the house to them for a specified period of time. Typically, one year is good. The amount of rent paid should be more than the amount you need to pay each month on your mortgage. That includes taxes, insurance, p.m.i. or other monthly expense you incur on the house. Positive cash flow is essential. You should expect to make at least $100.00 to $300.00 per month in positive cash flow.
The damage deposit you will require will be high. Typically a deposit is one month rent. In your case, because you are offering to sell the house on an option, the damage deposit will also function as the option deposit. The amount can be anywhere from $2500.00 to $30,000.00 or greater. I like to see a minimum of 5% of the purchase price paid upfront.
The wording of the lease must also include a statement that the renters, because they are buyers to be, will be responsible for all upkeep, maintenance and repairs. In other words, they do not call you when the water heater goes out or the toilet backs up. They agree to take on all those responsibilities.
You will then write up a separate option agreement. The option period should coincide with the term of the lease. the option allows the renters to buy your house in a specified period of time at a set price within that period of time. The option agreement should state that the damage deposit from the lease agreement is to be applied to the purchase price of the house. The agreement should read that the option deposit is nonrefundable.
If your would be buyers turn out to be not so good or walk away from the lease, remember that you have a very sizable damage deposit with which to get the house ready for a new buyer and pay for your mortgage during the down time.
This is a great deal for the buyer who cannot quite qualify for a mortgage. They get to move into a great home right away with very little resistance. Meanwhile, the option allows them time to fix their credit report and lower their debt to earning ratio or whatever else they need to do to qualify for a bank mortgage.
But most of all, this is a great deal for you! You set the price. You get a substantial amount of money upfront. The renters pay your mortgage for you. You make an additional monthly income on the positive cash flow from the rent. You do not make repairs or become a landlord. When it comes time to sell, there are no realtor commissions to pay, among a host of other normal costs like a homeowner warranty.
When the day arrives that your renters call you and say they are qualified and ready to buy the house, you will meet with them and write up a purchase agreement. The purchase agreement will state the price they will pay for the house, which side will pay for each type of closing costs and the date that the closing will take place. Everyone involved will need to sign and date. If a person is married, most states require the spouse to sign as well. Take the purchase agreement to a title company and inform the new mortgage company where the closing will take place.
Also, remember that the income you receive from your renter pays for your mortgage liability and then some. Therefore, there should be no problem being able to secure a new mortgage for you when you move into your new house because the house generates income over and above the liability.
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.
- [Announcer] Welcometo Homebuyer's School brought to you by Brookfield Residential.
- Hi everyone, andwelcome to another episode of Homebuyer's school.
Today I'm joined by Kevin French with ReMax Realty and thequestion we're going to answer is can I sell my home without a realtor? So Kevin, obviously you're a realtor.
Maybe a little biased answer but is it possible to sell your home without a realtor? - Absolutely.
It's typically better to do that in a seller's market,instead of a buyer's.
Currently we're in a buyer's market so the advantages weighingon the buyer's side, it's much more difficult to sell so if you're not aware of how to properly market your property, price the property, then those things are going to work againstyou, especially right now more than ever.
- I guess you need asmany resources as you can to help you sell your home.
- Okay and if I were totake that route though, if I wanted to sell the house on my own, what are some of the steps Iwould do to accomplish that? - So there's multiple site,obviously you can find things such as Kijiji or Forsalebyowner and you can list it on those, or you can look for assistance through Property Guys, ComFree.
Property Guys is a private system.
Your property wouldn'tbe on the MLS system but most people are aware that it exists so they can search thereif they are looking for a property.
And then with the ComFree option, the property would be on MLS so you take a package that they offer, and then you would listthe property with them.
They would coordinatea portion of the things for you and then it would be on the MLS and then you would help with the showings and organize all that, deal directly with whoever'slooking to purchase, whether it's a realtoror a single individual.
And then once an offer is received, then that would be part on the owner, who's selling the property themselves to set a price they are comfortable with but they would have a bit of assistance from ComFree.
- Okay, but you're takingcare of everything though.
Like booking those appointments or people calling youto say hey, I want to come visit your home.
- Making sure the home is show ready.
Making sure that it's showingin the best possible way.
Making sure that you'retaking care of everything that you want to make surethat you're taking care of.
Those little small detailsmake the biggest difference.
The biggest thing thatneeds to be considered is pricing.
I often list a property,I go in and let's say the property is worth499,900 and the person happened to have purchasedit in peak market in 2014, so they owe 520.
So now all of a suddenthey want to list for 549.
So they tell me if I list at 549, then we'll negotiate down to540 and then after the fees we'll be somewhere in the ballpark of paying it off.
Well that doesn't change market value.
So you can't really do that.
So what happens when you leave the sale in the hands of the person trying to sell the property and they're trying to do it on their own,they may take that route where they're trying to look for, well what are the expensesthat I need to cover and then that's what we'll price the home which has nothing to do with market value.
- So you're saying you mightleave some money off the table? - Well, the property, if you do that, if you overprice it, it's just going to sit on the market longerand then it's going to become stigmatized and then when it does actually sell, which might be years later or you might choose to list with anagent shortly after, being unsuccessful trying it on your own, then the property would sell at fair market valuebut now people are going to see that in the history.
It sat on the market for three months, or it sat on the marketfor a year, who knows? - When it could have sold-- - When it could have sold much sooner and probably for more money.
- Anything else to add? - No.
- Awesome, well thank you very much Kevin.
That's it for our show today.
Thank you very much for joining us and we'll catch you next time.
- [Announcer] That's another edition of Homebuyer's School.
Tune in next time for moreexpert tips and tricks and visit homebuyersschool.
Ca to bring you one step closer to finding your dream home.
As with everything, it would be great if you like and share our videos.
Also, please let us know if you have any home buying questionsyou want us to answer.
Must Do Repairs to Sell Your House
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 My House Fast 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!.
Sell My House Fast For Cash – Can I Do That in Portsmouth?Christopher A CobleBlockedUnblockFollowFollowingMar 6sell your house fast
Want to sell your house quickly? Need fast cash for your house? Selling your house quickly for cash can be a difficult task. Do you have to list a realtor? Try to sell “by owner for sale?” What are the signs for “we buy houses?” What’s my best option to quickly sell my home? Let’s look at every possible solution for selling your home quickly for cash. Maybe selling a Realtor isn’t for you. You can always try to sell your house “to be sold by the owner.” Selling “to be sold by the owner” is for the people.
You’re up for the task? Let’s just review what this entails.You will have to do a lot of marketing: register in and around your yard, update and maintain advertisements on multiple websites, pay for advertisements in the local newspaper, take hundreds of photos, and the list goes on and on. Showing your house to outsiders can be quite stressful.
Many are just our neighbors who want to see what other homes look like in their community. How are you going to weed the crowd of serious buyers? There are still obstacles to the closure. If the purchaser receives a loan, all assessments and inspections apply as if you were listed with a Realtor. Is all stress and headaches worth this process? A third alternative is also available.sell your house fast
You can sell your home to a professional property investor quickly. Did you ever see signs on the side of the road that “we buy houses? “ Typically, these signs are placed by real estate investors.
When you sell your house to a real estate investor, you can quickly sell your house for cash and leave your heads behind. Investors make you an offer in cash. Since investors offer a simple, trouble- free solution to sell your house quickly, they only buy houses for cash if the seller offers a discount on the purchase price.
There are many advantages of accepting this proposal. You may also be successful in learning about your desire to sell through social media sites.
Many real estate companies use YouTube videos, Pinterest groups and blogs to obtain and market potential buyer lists. Facebook is another potential site to help you get the word you’re selling out.
How to sell your house without a real estate agent in Chesapeake VA
Kris Krohn with REITV, and you've asked it! We've got the answer.
What do you do TODAY if your house your trying to sell is NOT selling?? "My house isn't selling! What should I do?!" Drop the price! Listen, I know that that may not be what you wanna hear, but it is one of your options.
There's a chance that youmight be thinking that your house is worth more than the market is telling you that itis.
There's a chance that you got advice.
Listen, it happens in the world of real estate.
We take our best guess and I'll go to my experts and I'll say "What should we list this at?".
And you know what? Often, they're right on the money.
Sometimes, they're low, and sometimes were too high.
And if that's the case, then you need to live within reality because it doesn't matter what YOU think it's worth.
I don't care how much money you put into the landscaping of the yard or how much you've put into repairs, a $50,000 yard does notmean that the house is worth $50,000 more.
In fact, very minimal repairs actually gointo increasing the value of a home.
So, the most important thing here is to first, make sure that you operate inside of reality and the market - the people that live in your area, they're gonna tell you what's real.
Your second option is actually doing a lease option.
Lease option is where it doesn't make sense for you to actually sell your housein the market and yet maybe you still want to move.
So what can you do? Well, you can collect the down payment with the seller financing option.
A family maybe gives you a 3, 5, $7000 of a down payment saying "We'd like to move in to this house and we'll cover the payment".
And depending on how your mortgage is structured, you could get BOTH a down payment in the thousands of dollars and you could collect a positivecash flow on that property.
And that also is another way to say 'Hey,if the market isn't going to allow me to sell my house for what I need, then this is anexcellent strategy for holding on to it longer until it WILL SELL and MAKE MONEY.
But in the meantime, I can still move on with my life if I have to leave the state or takea new job or simply move into a different house.
If you liked this video, we have a lot morecoming your way, but you GOTTA hit that Subscribe video so we can make sure you know about every one of them.
Thanks so much! We'll see you next week!.