I want to sell my house in Belvidere – 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 Belvidere.
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.
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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 Belvidere.
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.
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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 Belvidere.
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 Belvidere!
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 Can I Sell My House Fast?
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.
It is not easy to sell your house in today's market as prices are plunging. If you ask for the price that was six months ago in the market, you're going to turn off your potential buyers. Instead, price your home by looking at similar houses currently on the market. Also see those homes which are not selling. Chances may be owners might have priced their dwellings too high. If you want to sell your house, you should under price your house by just a hair.
Hire a home stager who will guarantee a quick sale. Home staggers will do anything from removing the clutter to rearranging the furniture to rent all new furnishings. Staged properties are sold much faster and at a higher price than any other property. There are some inexpensive tricks that homeowners can do on their own to attract buyers. Your house space should be open and clean as far as possible. Remove all personal items that may make it more difficult for someone to imagine living in your house.
A house that is free of repairs will sell much faster than one that needs pricey repairs. It would be better if you inspect your house before you put it on the market for selling it. Make an online listing of your house. Nearly 84 percent of people start their real estate searches online. Buyers don't like to waste time visiting anyone's house, they just like to see some photos so that they can know whether they would select your house or not. If you want to sell your home fast include a video tour of your home in the real estate searches online. Hire a professional photographer who would take half a dozen photos that highlight your home's best features. Take a snap of the outside on a sunny day, one of the kitchen, a bathroom, dining room and a bedroom. It is important to include several pictures in an online property ad.
Since selling a home has become very difficult, sellers are offering many incentives to buyers such as paying for the closing costs or points on a mortgage. Consider replacing draft windows with ones that are energy-efficient. If you install a 40 inch plasma TV with a surround sound stereo system in the living room, offer to include it with the house. Don't try to sell by a certain date. This adds unnecessary pressure to sell and can cost you thousands of dollars off the asking price.
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.
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 andopposite 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 andthat's when investors wanna trade into different properties.
But the opposite is also true.
When all ofthe consumers are dumping and saying "The sky is falling and it's the worst investmentthat 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 peryear into the markets that actually were totally decimated.
So, best time to sell a home is really atthe 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.
Becauseif the market is ever turning and moving it away that it's not advantageous for you, youshould be able to continue holding that home, cash flowing it, and continuing to make moneyon it.
This is one of the reasons why one of my manyrules in real estate is that I buy below the median.
Why do I do that on my short-termbuy and holds? Because if the market ever turns AGAINST me, I'm gonna keep on cash flowingthat 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 multi-billionnaire andthe, one of the greatest philanthropist of our day and age; all based on a very simpleprinciple you may have heard called Buy Low, Sell High, okay? Warren is a really great example if you readhis book Snowball, of an individual that really live his principles.
He says if you wannareduce 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 thisnext part: If you buy the right house, you can sell itanytime for great profit.
I've got an example here of the house that I've just recentlysold.
This is a house that I sold in.
purchased in '05 and sold in 2015.
So I've held ontothis house for 10 years and here's some background on this house: I actually leveraged a partner'smoney and a partner's credit to buy this house.
So how much money was I into this deal? Iwasn'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 actuallythe 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 boughtit for $109,000 and a down payment of 10% was $1,069.
My expenses over the life of holdingthis was 70,000 but my income was a 107.
What's the difference? Roughly $37,000 that we gotto make in cash flow and to down payments, deposits, along the way.
Then when we soldthe 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 alongthe way, 37 and 28 is roughly $65,000, okay? So this tiny little house - 4 bedroom, 1 anda half bath, did a good job taking care of me.
Now let's just for a moment take a look atthe ROI.
I could've sold this house at any time but why did I sell it now? Well, it'sbeen a cash cow.
The little bit out, how do I know it's a cash cow? For a moment, takea 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% ayear based on whose money? His money! He's.
he and I get to split the ROI 36% each.
Butlet me ask you, if I put no money in, what is my real net ROI? It's infinite! Think aboutit.
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 soldthis house at any time.
It's been cash flow cowing.
Why did I really sell it?'.
Becausethe market was right! What do you do when the market's wrong? Just keep making moneyand keep cash flowing! When you do real estate the right way, itcan always be a great time to buy, hold, or sell.
which is why I love short-term buyand hold strategies 'cause I get to make my money along the way.
I hope you've enjoyed today's video on thebest time to sell your house.
Put some comments below! We'd love to respond and give you thehelp that you need as we work on turning you into a brilliant, bright, and successful realestate investor.
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 Belvidere?
This is a very common situation, these days; and it will become an epidemic.
There are millions of adjustable rate and Option Adjustable rate mortgages that will be "resetting" to a normal interest rate as their "teaser rates" expire over the next couple of years.
This will put severe financial pressure on families who were able to buy their homes only because of those artificially low payments in the first place.
Many will be unable to refinance or even sell their homes because of the looming glut of homes on the market and the stalling of price appreciation.
Many of these people have little or even negative equity in their homes, which compounds their difficulties as realtors will not list their homes, as they see no way the home owner can pay their commissions.
These people also have little to no flexibility to reduce the price of their properties because the mortgage payoff and the closing costs will require them to bring cash to the closing to buy their way out of their homes.
Also, these homeowners will have a diminished fervor to stick it out through the hard times just around the corner if they have no equity, abandoning their homes and adding to the greater problem.
The ultimate nightmare is for people in this situation to be forced to sell their homes for financial reasons. They are headed straight to financial ruin; bankruptcy, foreclosure or both.
Selling a house is a Marketing problem. If I recall from Marketing 101, a product will be successfully sold when you position it as the most competitive product in front of the largest possible market. Painting the porch is not going to make your house the most competitive; everyone else is painting their porch too.
What if you could offer your house for sale and the buyer did not have to qualify for a new mortgage, do you think that would make your house stand out from the rest of the competition? This one change would also double or triple the size of your potential market of buyers. There is a "shadow market" of people who would love to buy a house like yours only they will not or cannot go through the "inquisition" of being qualified for a bank mortgage. These people include small business owners, self employed professionals, including real estate investors; foreigners and, yes, those with stinky credit!
They have the cash to put down and the ability to carry the payments, they just don't want to hassle getting a mortgage and they will be very grateful to be given the chance to buy a property with no bank involvement. How grateful? We have found that they will jump at the opportunity, pay 15-30% more than the appraised price of the property and will also pay a higher monthly payment as well, which can spell P R O F I T in addition to a quick sale at or above market value. There is only one way that will allow you to sell your home without paying off the mortgage and that is with a properly structured land trust. The trust will prevent the bank from foreclosing on your mortgage for violating the due on sale clause.
An added bonus is that when you sell the property in a land trust, there is no tax due on the gain; especially important if it is an investment property or a residence that has appreciated beyond the statutory exclusion of $250 or $500,000. Now, you can sell your property quickly, take a nice down payment, receive hassle free monthly payments; in excess of your mortgage payments for years and possibly another lump of cash when the buyer sells the property or refinances your mortgage. I say, "hassle free" payments because you will have no tenant, toilet or trash responsibilities to the new buyer. You don't call the bank that holds the title to your car if your water pump fails, do you? This has been the way out for many of our clients who were trapped in their homes and can work for you as well. Discuss this option with your realtor or lawyer.
Sell My House - Prepare Before You Sell
Hi I'm Meagen Mackenzie and this is the channelwhere you will get useful tidbits to help you buy, sell or simply love your home.
Andon this week's tidbit, I'm going to go over the must do repairs for selling your home.
A beautifully staged home is the perfect wayto wow buyers.
But just because it looks nice, it doesn't mean a buyers going to overlookareas needing repair.
So it's really, really important that you prepare your home so thatit passes a buyers white glove inspection.
Fix any leaking faucets.
Buyers will definitelypick up on that and wonder why it hasn't been fixed and whether or not there are other leakingproblems under the sink.
Clean and re-caulk bathtubs and vanities.
Because these are high traffic areas, sometimes the caulking can discolour and peel.
A nicewhite fresh caulking around the tub cleans and brightens it right up.
Clean the gutters.
Although you can't seeinside the gutters from the ground, you can easily see them from an upper floor window.
Or a home inspector will surely identify gutters that have't been maintained.
Don't leave abuyer any reason to question how well the home has been cared for.
Patch and fill any holes or scuff marks onthe walls and repaint them if necessary.
Scuffed up walls are a real turn off to buyers.
Scrub and repaint the front door if necessary.
It's the first thing that buyers will see, so if it's in rough shape, give it a quickfacelift.
Touch up all the baseboards.
These can getscuffed up pretty easily.
A good scrub and some fresh paint will make them stand rightout.
These are just a few ideas but because everyproperty is different, the list of repairs will be different.
A good realtor will walk through your homewith you and give you a list of things that you should do to prepare and repair your hometo list.
I hope you enjoyed this week's tidbit andif you did, please like, share, subscribe or sign up to receive weekly tidbits to helpyou buy, sell or simply love your home.
Thanks for watching and we'll see you nextweek.