I want to sell my house in Virginia Beach – 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 Virginia Beach.
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.
We Buy Houses at Fair Price
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 Virginia Beach.
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.
How to Bump Up The Value of Your House Before Selling
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 Virginia Beach.
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 Virginia Beach!
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 In Sacramento— We Buy Houses 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.Joe GerrityBlockedUnblockFollowFollowingApr 19, 2017
Big Easy Buyers
4207 Canal Street Suite C New Orleans, Louisiana 70119 USA
Need to Sell Your Home Fast in the Greater New Orleans Area?
If you’re looking to sell your house quickly, whatever the reason, Big Easy Buyers is here to help with fast and flexible solutions to get you out from under and on with your life. Some of the most common reasons sellers come to Big Easy Buyers for a fast solution include:
Threat of Foreclosure
Is the bank about to foreclose on your home? Whether you’ve missed some mortgage payments or can no longer afford tax payments, we can make you a cash offer on the spot so you can sell your house before the bank takes possession and leaves you with nothing.
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Do you owe back taxes on property that you can’t afford to pay off? The taxes and interest will only continue to grow. Get cash right now to cover the taxes you owe, pocket the rest, and move on with your life.
Don’t have the time or money to maintain your property and avoid costly code violations and penalties? Houses that aren’t properly maintained are under constant threat of fines from the city. Big Easy Buyers can take the burden off your back with a fast cash offer for your house on-the-spot, as is.
Does your home need major repairs or renovations? Whether you can’t afford the repairs, or just don’t want to deal with the process, we can buy your house as is. Sell your house for cash without lifting a finger or spending a dime on expensive repairs.
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Do you need cash right now? Your house is a valuable asset, but selling to a traditional buyer who requires financing can take months, or longer, and you’ll typically have to make necessary repairs before it can even be placed on the market. Big Easy Buyers can streamline the process and get you an immediate cash offer for your house. No clean-up. No repair costs. No wait.
If you’re looking to sell your house fast, whatever the reason, we’re here to help with an array of fast and flexible solutions to get you out from under and on with your life. No hassle. No expensive repairs or cleanup. Get a cash offer for your house on the spot, as is, with Big Easy Buyers.
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.
How much does it cost to sell a house?Well that's what we're talking about today and we are starting right now.
Hey everyone, welcome back to my channel.
My name is Karin Carr and I'm a Realtor® in Savannah Georgia with Keller WilliamsCoastal Area Partners.
If this is your first time visiting my channel go aheadand hit the subscribe button and click that little bell for notificationsbecause.
you know, you're awesome and I'm awesome so let's be awesome together.
Sohow much does it cost to sell a house? Assuming that you are going to hire areal estate agent these are the typical expenses that you're going to incur.
#1: you're going to pay the commission to the real estate agentsinvolved in the transaction.
You hire an agent and you agree to pay them Xpercentage of the sales price of the house.
When the buyer comes along if theyare represented by a different agent your agent pays that person.
Now I'vedone a whole other video about where the commission goes.
If you're interestedclick that but just know that we do not keep the whole thing ourselves.
We aresplitting it with the other agent, we are splitting it with our brokerage, we arepaying all of the marketing expenses, so don't go thinking that we're allmillionaires because that's not really how it works.
#2: you will have to pay the property taxes for the time that youlived in the house.
After the property changes hands the buyer will pay that.
Ifyou've already paid your property taxes for the whole year then from the date ofyour closing to the end of the fiscal year you're going to actually get arebate because you've already paid those property taxes and the buyers should bepaying them.
So you'll get money back.
In the Georgia market it's very commonthat buyers ask you to pay their closing costs or at least a portion of it.
Wehave a lot of first-time buyers and nobody puts 20% down any more.
I meanpeople don't have $100,000 just sitting in the bank waiting to buy a house as ageneral rule, so they may ask you, "Hey can you chip in $3,000 towards my closingcosts?" They will probably also ask you for either a home warranty, a termitebond, or both.
As you know living in Georgia there are two types of houses -those that have termites and those that don't have termites yet.
So we typicallylike to have some sort of pest control plan on our homes so that that doesn'thappen.
When the buyer comes along they'll say, "Hey, I want you to transferthat termite bond to me so that I can live in a house for the first year andnot worry that the house has termites or is going to have termites very soon.
"Now let's say the buyer moves in and the first Thanksgiving that they have alltheir family come to visit the stove breaks.
Yes, this actually happenedto one of my clients.
The home warranty company comes and if they can't repair thestove they buy them a new stove.
So it's a great thing for the buyer to make surethat they're not going to have any unforeseen major expenses the first yearthat they live in the house.
A home warranty is typically somewhere around$500.
Now if you decide to sell your house for sale by owner you will not bepaying the real estate agents commission.
Instead you're going to be paying forall of the marketing of your home.
Just a for sale by owner sign inyour front yard is probably not going to get the job done.
The people that buy forsale by owners are looking for a great deal so they're gonna come and offer youfar less than the actual market value of your house as a typical rule.
You're going tobe paying for the photographer, for the video, for the drone photography, for alladvertising, you're gonna have to put a nice sign in the yard, you're going tohave to show the property every time somebody calls you to make anappointment.
So the money that you save in the commission you're going to beincurring a lot of additional costs in marketing and in time, where it's gonnabe all on you.
You don't have an agent who's doing all this stuff for you.
Sonow you know how much it costs to sell a house but do you know what your homeis valued at? Do you know what your market valueis? It's not enough to just say oh the house down the street sold for blah blahblah.
Because half the time your neighbor might tell you, "Oh we sold it for300,000!" But they actually sold it for $289,000.
I'm just saying sometimespeople have the tendency to exaggerate just a little bit.
So if you'd like tofind out what your home is worth because you're thinking of selling in the nextsix months or so, click this link.
We would be happy to do a freeno-obligation home valuation analysis for you so that you can really sit downand say, "Okay, if I sold how much money could I expect to make?" Because that's abig factor in deciding is now the right time to sell or should I wait a year ortwo? Thank you so much for watching and I will see you on the next one.
BLOOPERS:So now youknow how much it takes.
there are two types of houses - those don't havetermites now and those that have.
How to Sell Your House for More Than It’s Worth
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 Virginia Beach?
Welcome to another edition of Fridays withFred, my name is Fred Sed.
I got a call from a seller of mine that's looking to list andsell their home with us and he asked me.
Fred, do I have to pay Capital Gains or income taxeson whatever my equity is? This is the answer I have for you.
For him, it was a little bitdifferent.
But for you, it depends on what type of property you own.
If youown an investment property, you're always going to have the liability of paying incometax or Capital Gain on whatever the equity might be.
Because it's an investment property.
No matter if you own it for 6 months or 10 years, you're going to pay Capital Gains.
Now, whether or not you're going to pay it, or how much you owe on it, that depends onthe equity, the net equity.
Meaning after commissions that you pay for agents to sellthe property, repairs, appreciation of value, or whatever it might be your CPA or accountantknows and they'll tell you what taxes you actually have to pay on that net equity.
Butyou are subject to and liable for Capital Gains on any investment property in Californiano matter how long you've owned the home.
Number 2, if its the principleresidence, this is the breakdown for that.
If you own the principle residence for lessthan two years and you sell within two years of owning it, for example.
You bought it ayear ago and you're selling it today and you close tomorrow whatever it might be.
You'llalso be subject to Capital Gains and what that amount will be depends on all the factorsI talked about before in regards to what your equity is, what your cost is, acquisition,closing cost, etc.
That's for your accountant and CPA to figure out.
The second aspect ofselling your principle residence and having to pay taxes or not on the equity is the following.
If you own the property for more than 2 years, this is the cool part.
In California, as longas you're a single individual or married it's broken up into those categories.
If you'resingle, you're allowed up to $250,000 of tax free equity.
So if you've only made $150,000in equity of 4 years of owning it, you don't pay a dime in taxes or capital gains.
Butif you break that quarter million dollar mark as a single individual, you will be subjectto capital gains of whatever that amount is above a quarter million.
If you're marriedin California, you're allowed up to $500,000 in tax free equity.
Anything beyond that,you'll be subject to capital gains.
Either way, consult or talk to your CPA or your accountantin regards to "would I owe anything", "do I owe anything" prior to selling it.
That'ssome of the vendors we have access to that we give our sellers if they have any questions.
If you have any questions about your property in general, contact me 7 days a week at (949)272-0125.
For any questions regarding this topic, videos, to look at properties.
View our highly reviewedwebsite at www.
Com and tune in next week for another amazing edition ofFridays with Fred.
Why? Because that's what Fred said.
Selling FSBO vs. Hiring a Realtor
hey what's up guys, I'm a 80 year old man.
gonna teach about real estatetoday so what were gonna talk about is how to calculate your list price.
I'm gonna expoint to you exactly why we do what we do and how everything goes down I'm gonna show you how to grow your business These are the things that today's market, you're gonna love what we did in here alright, were gonna start making some money, that's how we do it Hey what's up guys john cochran here in today is system Saturday day that I you a system that I use my business andyou can rip off duplicate using your own local market now on today system Saturday what we're gonna talkabout is how to calculate your listing price whenever you're getting ready to sell aparticular property now guys whether you are a real estate investor or just a a realtorgoing to be listing a property up onto the marketthis is the most crucial part in my opinion of actually getting a property to sellis coming up with that correct price a year and that the public will buy thatand is very very simple whenever you can really break it down think guys I will tell you this theprice that you bring into the market to it is should be the price that shouldselling for so don't try any of this you know hey if if I if the comps andeverything it's its I'll I'll probably end up getting130 out of it was listed at 140 or 150 and just let the buyer take medown on that guys it does not work we list all of ourproperties for exactly what we get for every singleone of them now the goal on this is to get them into multipleoffers situation and get more for that however but I'm just telling you rightnow that we list our properties for exactly what we want and we don'tpat it up up we don't do any that stuff we list for exactly what we want but howdo you calculate this this listing price to come up with thatmagic figure how do you do that in allcomes down to the very first thing you gonna do and you got a full comparables aroundyour property now when you pull comps or comparables um.
you do this very very simply you want to go anywhere between aquarter mile to a half of a mile around your subject property in a radiussearch particularly you wanna go a quarter milearound your subject property you're also whenyou're pulling comps find out what your value is you're looking for all theseproperties around yours that's sold that's sold with then the past 6 months now why that why do Iwant sold properties within the past sixmonths guy's that is the most accurate way to literally find the valueof your property and you're going on find the value anactor in value over property if you search a mile around yourproperty you know any go back two years market changes so much so you need to be looking for otherproperties that sold within six months of your list date in that the properties or aquarter mile around your subject property that have the similar bedrooms baths and square foot of the property that you're getting readylist this is huge now once you find all the comps once you find all of these comparables andyou find out you know there's you know exact amount of propertiesyou know and that's another thing is that you wanna have anywhere between atleast 2-3 sold comps if it doesn't have two to three sold comps on it guys don't even you shouldn't evenbought a property but you have to have so comparable to go by now when you have the sold comparables and you do the search the searchesalways gonna come straight from the MLS doesn't come from Zillow it doesn't comefrom trulia doesn't come from realtor.
Com it doesn't come from john cochran.
Com it comes straight from the MLS because that's gonna be the mostaccurate data holiness into the MLS will give you a great idea of what other properties a a quarter mile awayfrom your subject property are actually selling for, its gonna tellyou those numbers and how how long days on market, now coming upin calculating your list price, when you're gonna be selling you need that information but let's justreally done this down for you now all you have to do is you just needto identify what retail would be on your particular property thatyou're selling if if was already fixed up if it fix upto the nines what would retail be that's the magic number you gottafind out what retail would be so if you can actually you look at allthese comparables and you come up with a retail figure let's say say one hundred thousanddollars and maybe you're gonna be wholesaling this property of but retailers is one hundred thousanddollars so you're gonna be looking for your target buyer is gonna be realestate investor so when they go that fix up property ifthey sell that property they it's already fixed up they're going to rate a lotfor one hundred thousand dollars right so if your extra strategy is to wholesalethis property you take the retail figure x.
5 = your so in this case it's just 50percent in this case if you identify retailing you're gonna bewholesaling these deals of if you identify retail at one hundredthousand dollars you're gonna be wholesaling these properties upor listing this property for fifty thousand dollars which obviously means you have tobuy a way below or below this fifty thousand dollars inorder to create a spread and that deal and this will give yourwholesaler you know your other real estate investor it will givethem enough skin in the game to where they can make money on thedeal probably somewhere around this your selling for fifty thousand let's justsay you bought it for 45 your selling for fifty thousand you're gonna makefive thousand dollars a wholesale is gonna put or the investors gonna put ah you knowtwenty twenty five thousand dollars in this thing so they got seven grant$72,000 wrapped up in this they're gonna sell for 100 they can make$25,000 on that all day that's the formula.
5 take retail x.
5 equals your list price that if you'regoing to wholesale the deal of now if you're going to prehab that deal the formula is very very similaryou gotta start with your comps you have to start with your comps goquarter mile a way look for the sold properties within six months you need 2-3 comps and they're coming from the MLS sayyou did same exact process you have to identify their retail value first, okay so if you're gonna take a prehab this dealyour gonna make this property rent already a free not everything's gonna me knewwhen it but it's going to me pretty nice you're looking for an average buyer nota buyer to get emotional about what an average buyer somebody that's actuallylooking for a little bit of a deal something a little bit of of that retailback the the formula is very very simply you a takeretail value so you a take the retail value and you times at by.
1 which is 10 percent equals your list price very very simple so if you taking you identify that yourretail value on a prehab is gonna be $100,000 so got one hundred thousand dollars and youtake 10% off on that that means that your last price is goingto be ninety thousand dollars okay so that's a dealthat's the deal it's ten thousand dollars of a retail however when we calculate ourlist price we will never put anything up onto themarket for ninety thousand dollars never okay so in this case we would put thatright up onto the market for $89,900 we always we always always always will round down or something because89.
900 sounds it's not but it sounds a lotcheaper $90,000 very verysimple now if you have a deal that you just rehab this thing I mean this thing is awesome you put all the new doors intothe new group the new Windows you put everything inside the trend the Tile the carpet inside the floor everything they kit everything insidethis thing as new and you rehab this deal you go through the sameexact process you could go when you pull your comps a quartera mile away from the subject property within six months from the MLS in 2-3 sold comps you take the retail value that's exactlywhat you list it for so retail value equals your list price, okay very very simpleso on the same exact situation if you getting your rehab this property you take the retail value let's just saythat it is $100,000 you're gonna listing thatproperty at 100k but where where where Jon list it 99,900because 99,900 sounds way cheaper now let me just cover this for you real quick so why did ah why do we not prices why dowe not pad these is like what I said so at the very beginning in this video Ishared with you you know our list prices are list priceso I why did I not say you know what on this win rehab did that'snice what prices thing at 109,900, 109,900because I'm willing to take 99,000 for butlet just say price in a 109,900 not not not the market super super hotguy's a lot of people do that but let me tell you behind the scenes on what happens ofthat and what buyers actually do so if you take this property and you listed at 109,900 knowing that youwant the 99.
900 figure for that house so the hundredthousand dollars for that house your mind just says will just let them come on and take it down of a list price okay that's where your mind thingshowever what you don't know and what you actually do when you dothat is you missed so many different buyers and you you literally just chop them outthe equation so if a buyer is approved and their approved up to one hundredthousand dollars there never gonna know about this pricebecause they're not gonna be looking at properties for a 109,900 there a prooffor $100,000 that's why we do it that way is becauseyou know if if a buyer right here if they're approved to 90,000 if they approved100,000 they never know about that thing so that's why we don't had any of those in our list price ourlist price is exactly what we want for me that's the formula point a retail x.
5 is your list price ah retail x.
1 or 10 percent of is your prehabing price and retailvalue is you're list price whenever you rehabyour property so guy's like us on Facebook subscribe to ourYouTube channel comment below let me know what you think of these formula I don't know meyo or seventy percent or any that Jaz we don't know any of that stuff we we just makea simple math that it works so comment on this video below, and I'll see you on the next system Saturday.