I want to sell my house in Chesapeake – 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 Chesapeake.
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 Scams in America
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 Chesapeake.
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 Can I Sell My House Fast?
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 Chesapeake.
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 Chesapeake!
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.
How much does it cost to sell a house in 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.We Buy Houses at Fair PriceBlockedUnblockFollowFollowingDec 1, 2017
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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.
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!.
Sell Your House in 5 Days!
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 Chesapeake?
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.
When Is The Best Time To Sell a House in Chesapeake?
Key Things Millennial Home Buyers Must Know
Millennials are a group of individuals born in the 1980s and 1990s and are within the ages of 18 and 36. Also known as generation Y, many are sidelined by tight credit, high student loan debts, and low paying jobs. In fact, until the past few years, these have been the key reasons they were slow to enter the real estate market. Now, they make up well over 30% of new home buyers and that trend should continue going up as they start to mature and pay off existing debt.
Compared to previous generations, such as baby boomers or the silent generation, these younger individuals have a different outlook when it comes to long-term investment, especially owning a home. One thing you can bank on is that Millennials know what they want in a home!
Read on to learn more about millennial home buyers, key characteristics of this generation, as well as a look at their attitude towards real estate investment. If you happen to be a millennial, you will learn how easily it really is to prepare and become a homeowner.
Characteristics of Millennial Home Buyers
These characteristics will help you understand the millennial demographic and tip you off if you are unsure if you are one (between the ages of 18 and 36)....
- 66 percent of millennial home buyers are first time home buyers
- Their median income is approximately $82,000 per year
- 66 percent of these buyers are married couples
- 50 percent of these buyers say that the main reason for buying a house is the desire to own a home
- 20 percent of them previously lived with their parents, relatives, or friends
- 24 percent of them owned a previous residence
- 56 percent of them rented a house or an apartment
Millennial Home Buyers Attitudes Towards Real Estate Investment
- Many millennials want to own homes or invest in real estate. In one of the studies conducted by the National Journal Heartland Monitor, 69 percent of the younger generation in the U.S. generally regard home ownership or real estate investment as a smart and achievable goal.
- Some millennials are scared to own a home because of the upfront costs they are facing. As homes go up in price, so do the costs associated with owning those homes. However, it is not just higher prices that may be putting some of this generation off. The thought of settling in a new place or living in different circumstances also sounds unattractive. Some, therefore, find renting an attractive option because of its affordability and flexibility.
- About 20 percent of the respondents in the U.S. feel that although owning a home is a smart move, this decision is not financially viable for them right now. Of the respondents, there are more minorities who feel their finances probably would not enable them buy a home. All millennial buyers have options so check with a local lender before writing homeownership off as a distant dream.
- Because some millennials are hesitant on home buying or real estate investing, they will continue to rent houses and apartments until their situation changes and they are more comfortable. As their needs change, rent prices will creep up, which will force many to purchase a house. In fact, according to a new study conducted by Choice Home Warranty, 30 percent of millennials plan to buy a house in 5 years’ time.
In a nutshell, whatever challenges you may be facing, buying a home as a millennial is a smart and achievable goal. If it is money that is preventing you from achieving this goal, you need to come up with a strict financial saving plan or find a way to acquire the funds as a gift from a family member. As you would expect, there are always financial institutions that are ready to help millennials get mortgage loans, even those with less than desirable credit scores.
How to Meet Your Home Ownership Needs
- First, you must understand the type of house you want to buy. According to a new study conducted by the National Association of Home Builders, most millennials tend to invest their money in homes that are older, smaller and less expensive. The main reason for this is that many millennials have not accumulated enough wealth to purchase new, bigger or expensive homes.
- You must also figure out things you want in the home. These are basically the things that drive you to buy a home to begin with. According to a survey conducted by Metrostudy, a Houston based national housing research firm, millennial buyers are looking for small but high-quality homes, especially in the suburbs. Some of them also look for homes with flexible space to entertain family and friends rather than larger properties to keep all their "stuff".
- You must know where to find your preferred home. With many agents posting listings on their websites, and via social media, it is very easy for millennials to find what they want before they even view the first property. Because many use their smartphone for home searches, they can quickly and easily search for new listings, get more information about the available inventory, and find details about the owner/home long before they contact a local real estate agent for assistance.
There are many real estate options for millennials right now and this definitely includes their ability to purchase a home. Now that many are settling down and having families, the appeal to own their own home is a strong pull. That is why agents need to market to this demographic. Those that do will benefit from dealing with savvy and knowledgeable consumers who know what they want and have a plan to make it happen.