Sell My House Fast for Cash in Drum Hill (757) 750-0200

I want to sell my house in Drum Hill – 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 Drum Hill. 

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.

10 Steps for Staging Your Home on a Budget

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 Drum Hill.

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.

Can I Sell my House While my Divorce is Pending?

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.

Rental Property For Sale

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 Drum Hill.

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 Drum Hill!

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.

10 Steps for Staging Your Home on a Budget

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.

Selling house is a very intricate process that needs a lot of understanding in the field of real estate as well as patience. If you think buying a house is a much difficult process than selling one, you are mistaken. This is because selling a house is an equally complex process, where several factors need to be taken care of at once. Starting with fixing the interiors and exteriors to finding the right buyer who can pay the right price, everything needs to be in order and as preferred for the deal to take place.

An Investment That’s Worth It

The real estate market is one of the most lucrative markets in terms of investment, because the kind of returns that the real estate market is known to give, other investment tools can rarely match. Whether you have an investment property that you want to shell out or want to sell off your current residence, looking for a price higher than the current market price is a common goal for most of the sellers. And, to an extent, this is legitimate as well because the price of the real estate property is going to increase with time anyway.

This gives the feeling to the sellers that their asking price should cover at least the next few years’ going rate. If the property is nicely and centrally located in a popular area, has sufficient space, is well designed, have all the basic amenities in place, is well maintained, and all the paper works are in order, asking for the higher price shouldn’t pose any problem during the selling process. In popular areas, there is always a high demand, and thus, finding the right buyer who can afford to pay a bit of a markup over the going rate should not be a problem.

 

Why You Should Look For Higher Price

Looking for a higher price is a common thing in the real estate market, whether it is the real estate agent or firm who is doing the selling on your behalf or is it the seller himself. To an extent, it is this practice of increasing the selling price considerably and frequently for just about every sale and every property is what has led to an overall boom in the real estate market. The reason why you should look for a higher price too is that it not only helps get you better returns on your investment but also helps sellers to pay for the ad hoc expenses during selling without having to compromise on their original asking price.

Things To Do To Bag A Higher Price

Even if your house is situated in a nice area, it is not always possible to bag a good price, because of buyers apart from considering the area, also considers many other factors. How is the house maintained? What are the problems that the house is facing currently? What are the fixes that need to be made? What fixtures need immediate attention? What would be the cost to repair and fix the problems existing in the house? Does the house need a paint job? And, so on.

These and similar factors would be considered by the buyers, and if your house is not well maintained, then forget about asking for the higher price than your house is worth, you would face a tough time asking for the current market price as well. This is because the aim of the buyers would be to cut out the repairing and fixing costs of the house from the asking price. To ensure that you are able to bag a higher price than your home is worth without having to struggle too hard, you need to take care of several factors –

  • If your house is old and it shows, do a paint job on the interior and the exterior to give it a new and fresh look. The idea is to make your house look attractive, both from the inside as well as outside to make the buyers with deep pockets fall in love with your property.

    ​​

  • Check for the fixes to be made in your house, whether it is your driveway that needs to be maintained, garden that needs to be mowed, washroom fixtures that need to be replaced, kitchen fixtures that need to be repaired or replaced, any electrical or water leakage that needs to be taken care of, and so on. Make sure that the house is in ready to move in shape so that the buyer does not find any fault or reason to compel you to drop the price.

  • Take attractive pictures of your property and post it on the internet on real estate buying and selling sites. Good high-quality pictures would attract more buyers, and more buyers would automatically help in increasing the chances of getting the right buyer.

  • Negotiate smartly and smoothly whether it is a real estate agent or the buyers. Do not sound or look like you need to sell the house urgently or you are in dire need of the money you will get by selling the house, even if that just might be the case. Desperation is an easy giveaway, and the smart buyers would easily read between the lines and try to take advantage of your financial situation to lower the asking price.

These are the few things you should keep in mind and do to get a higher price than your property is worth. It would need some research, effort, money, and time to get things in order, but it would be worth it. These few changes can drastically increase the price of the property.

Do Your Research

Before you go in to sell your property, you need to do your research about the current market price in your area. What are the prices other similar houses in your area are bagging, what the asking prices for similar properties in your area are showing online, what are the advantages that your house has over other properties that can help bag you a higher price, and so on. Researching would help you give the knowledge about the property and also help you negotiate well during interaction with the agent or the buyer.

Also, make sure that all your paperwork is in order, all financial obligations over the house are cleared, and all the dues are paid such as house tax, electricity bills, and so on. If there are any legal disputes over the property, make sure to get rid of them before you considering selling the property. You should also consult with the real estate agents and firms in case you have any doubts about the going rates, and can ask them about what can be done to get a better price.

How To Market Your Property To Attract Right Buyers

Marketing needs to be done in the right way to attract more buyers. In the otherwise case, even if your house is well maintained and in good condition, there would be lesser numbers of buyers coming up and showing interest. You need to market your property well to reach out to potential buyers who can afford to pay the price you are looking for.

Most of all, when you are looking for a higher price than what your house is worth; you need to have a lot of patience. It will take a considerable amount of time and effort, but the wait would be worth it. Sometimes finding the higher price is not a difficult task, and sometimes it can take longer. In any case, you need to stick to your price once decided to be able to get it, even if it takes a long time. 

Images source: Google, copyright-free image under Creative Commons License

Premium Image source: Bigstockphoto

 

 

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.

While finding a house the key is to do the homework first, and then plan and organize the shopping process to make sure your trip is rewarding, concise, and most importantly, enjoyable. Builders and consumers who have bought and built a new home agree that it is fun, exciting and rewarding. Our goal is to demystify the process of buying a new house so that you know what to expect. The key is simple: Ask lots of questions. As you do, you'll know what kind of house, and mortgage are right for you and you'll understand the exciting decisions you'll make, including what new home, builder and lot communities are best for you, in addition to the options that you will choose to customize your house.

When you are seeing new homes, you are in good company. According to the Profile of buyers and sellers of houses of the National Association of Real Estate Agents, the majority of consumers buying another house consider the option of a new house. Many buyers also appreciate being able to personalize their new home to reflect their tastes in many ways, such as selecting their valued interests and styles for cabinets, countertops, appliances, floors and carpets, tiles, faucets and accessories for kitchen and bathrooms, and much more.

In view of the many advantages offered by new homes, it is not surprising that they are on the list of most home buyers. Home buyers who do not consider the option of a new home may have a misperception. "I have observed that some people do not even consider a new construction because they mistakenly think that it will automatically be more expensive or more complicated".

How Long Does It Take to Buy a House?

First of all, Calculate what price you can pay for a house

We have put this as a first step, but there is room for disagreements over whether the first mandatory move is to firmly determine how much credit institutions will say that you can pay.  "I think it depends on the price. If it's a first-time buyer situation, (financing is) an excellent starting point, " Having said that, some first-timers in The matter of home buying consider that visiting model homes before having financing is a reasonable alternative starting point, as many construction companies, helps clients calculate a reasonable price.

According to Experts Opinion, those who have already had a house, known in the real estate industry as buyers who are moving to a better house, have some knowledge about their price range and can get ahead and start the buying process, and then Make financing arrangements as they go. Experts believe that the first step is to have an idea of what can be paid.

"People tend to pre-approve themselves in mortgage terms without talking to a financial expert, and often limit themselves unnecessarily," he says. "Do not limit your considerations by discarding something because of financing issues that you may not understand." In general terms, builders request an initial 20% and can ask customers to pay in sections as construction progresses. Some builders offer mortgage financing, but as with any credit offer, it might be worth comparing several options. As a general rule, a mortgage payment should not be more than 25% to 30% of the monthly income and that they should have a general idea of the cost of insurance, taxes, services, etc.

Then Define your needs before starting your search

Creating a wish list that describes your preferences, and spending time thinking about what you really want before you start looking for a house, will give you excellent results as your search will be more focused and short. When thinking about your wish list, it is very useful to separate the characteristics that you should have from those that would be good to have and that you would like in your new home. Think about your lifestyle. Do you prefer large grounds, wide open spaces and hiking trails? Or are you the type of person who likes condos on high floors with balconies? Although it is a somewhat extreme difference, it also helps to think about the ideal times of travel to and from home, schools (the best schools add value when reselling, even if you do not have children) and what types of infrastructure (stores, museums, restaurants, libraries and hospitals) you would like to have nearby. These factors should help you reduce your options to a specific part of the city. The next thing is to define the basic attributes of the house you want. Here it includes much more than just the number of bedrooms and bathrooms you want. Do you like having guests or cooking? Maybe a large family room open to the kitchen is better.

Office in your home? A multimedia room? Space for hobbies? These are all crucial questions that must be asked before starting the search and Do not forget to think about the future. The average buyer lives in a house for at least five to seven years. Many people stay much longer. Think carefully about how your needs will change during the time you will live in your new home: The children can come, grow or leave the nest. The children could go home after college for a while. Will any of your parents live with you at some point?
Will you get tired of climbing the stairs? If so, a bedroom on the first floor could better adapt to your needs.

Now start finding a house on The Internet

There is a large number of websites where you can search for Online. That large number of new homes for sale allows buyers to quickly get an idea of the many new residential communities and builders in a given area and there are also few good websites who provide ASAP cash home buyers. E-g you can request a cash offer for your own home. When doing the search, have your wish list at hand? Many real estate sites offer built-in tools to filter the results, so you can refine your search based on your wish list. A filter according to your criteria (number of bedrooms and bathrooms, minimum or maximum price and characteristics of your new home) will allow you to focus quickly on the houses that suit your needs. You can also filter the results according to a specific school district or search according to the services offered in the new residential community to further refine the results of your search. So you have narrowed your search.

An excellent next step is to ask a construction company for information. Look for key facts about the houses of a specific construction company in a given residential community. Other information that may be useful include instructions to get there, contact information of the builder or community, a link to the website of the builder and more.

Having defined your wish list, reduced the results of your search, and focused the same on new homes and communities that are better suited to your criteria, it's time to take your vehicle and go to visit model homes in person.
Although searching for information about homes online is an ideal way to narrow your search, there is simply no substitute for a visit in person to the houses that suit your needs. A house is the biggest investment that most people make. You must go see it.

Go to a real estate agent

If you are looking for both new and used homes, there is a good chance that you will work with a real estate agent. After all, only one agent has the code to open the safe that will allow both you and your agent to tour a resale home. A good real estate agent can provide a lot of valuable information about the community and the process.

"We bring extensive knowledge about the reputations of local builders," says Hunt. "We may have worked with a builder in the past and we understand the type of construction he does. We know the locations where you are building, the school districts, etc. "
Regardless of whether you work with an external agent, be sure to make the most of the expertise offered by the construction team on site. The builder's sales consultant has in-depth knowledge and expertise about the construction stages, the developer's blueprint library, the availability and pricing of specific lots, the availability of options and improvements, the builder's approach to construction and energy efficiency, guarantees and many other things.

At last signing the Documentation

The process of buying the house does not end with the signature. With the contract in hand, four specific procedures must be carried out. Pay taxes. If the house is new you will pay the VAT and the Tax on Documented Legal Acts. For a second-hand house, you will pay the Patrimonial Transfer Tax. You have 30 days from signing to pay the ITP.

Register the house in the Land Registry. If you have purchased the house with a mortgage, you must register it in the Land Registry. The most usual thing is that the notary himself sends a copy of the contract electronically. Change the ownership of the cadaster and Change the housing supplies.

How to Buy a House Easily

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.

Real Estate Investing Books

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 Drum Hill?

Home Rental Agencies We Buy Houses PortlandBlockedUnblockFollowFollowingDec 4, 2017

One of the very best — and also first — house turning ideas you need to know is to do your due diligence. It’s possible making a fortune flipping houses, and also it’s just as simple to lose your behind if you do not know what you’re doing. When it pertains to the solution as well as flip property game, there is much more than just rehabbing residential or commercial properties that require some restoration after that offering them off to the following person. So, to re-iterate: the first and most importantly residence flipping ideas is to enlighten yourself.

The Interpretation of “Flipping”.

When you are turning homes, you are acquiring a distressed residential property at a low cost and also reselling rapidly to somebody else at a substantial mark-up. While this is typically finished with run-down residential or commercial properties seeking improvement or “rehabbing,” properties similar to this are not the only video game around when it concerns deal with and flip realty transactions. Residences that are “up for sale by proprietor” are excellent candidates, as the seller is usually really inspired. Confiscated residential or commercial properties can additionally be acquired at a fantastic discount; you can locate these via banks as well as real estate workplaces that specialize in such points.

House Flipping Tips Number 2: Tracking And Nabbing Your Quarry.

Generally, the most effective candidates for a successful repair and also flip property transaction are those on which you could make the most significant profits with the least amount of time and also effort. As mentioned earlier, banks as well as home mortgage firms are prime hunting grounds, yet you may likewise discover deals at realty auctions. The only caveat here is that you are up against a great deal of competitors at a public auction; quotes obtain increased swiftly, and also you could not obtain the best offer.

Home Flipping Tips Number 3: Financing.

After you’ve done it a couple of times, you’ll possibly wind up with adequate cash available to get properties outright. However, when starting out rehabbing residential or commercial properties or doing your very first flip, you’ll probably should obtain a short-term home loan. The very best terms can be had if you could make a deposit of at the very least 5%, as well as ideally ten.

Certainly, it do without claiming that you absolutely must have a prepared buyer — or you’ll be stuck to a 2nd house that you could not easily offer and also can not pay for to keep. This alone might be the 2nd most important of all house flipping suggestions. You could utilize Internet resources here, however it additionally does not harmed to have a great deal of excellent networking in the real life, either.

Discover additional information regarding the flipping of house here.

Contact Us:

Kent Family Homes
3 Monroe Pkwy, Ste-P, #435
Lake Oswego, OR 97035

Tel: (503) 822–0248

External Links:

Pinterest

Tumblr

WordPress

Facebook

Must Do Repairs to Sell Your House

Buy Land Adam Buys Houses CompanyBlockedUnblockFollowFollowingJul 24, 2017Avoid the wolves in sheep’s clothing.

You want to sell your house but are wondering how you know it’s one of those “we buy houses scams”.

Be aware of those we buy houses scams. This is a very important topic to cover. I wouldn’t feel like I’m doing sellers any justice as a real home buyer unless mentioned ways to avoid predatory scams in Denver Colorado. As the market here gets hotter and hotter, more and more people want to take advantage of the situation in a bad way.

Have those advertisements for people saying, ‘we buy houses’ caught your eye and made you question whether they are we buy houses scams? This is a very real concern for people considering this kind of service.

Trying to sell your house fast in Denver? Are you concerned that you might get taken advantage of or have the wool pulled over your eyes?

Join the club.

The traditional way to sell a house is using a real estate agent and having them list your house.

Maybe you would rather skip the hassles and sell to a Denver cash home buyer instead. Every year, thousands of people sell their homes directly to investors rather than listing with an agent. In fact, nationwide, 5.5% of home sales were to investors according to a report by RealtyTrac.

If you’ve never sold a home before or never sold one without the services of agent, it can be quit scary. It can seem downright overwhelming. Most people may be buying or selling a property a couple times in their lifetime.

I’m going to share some tips for you to make sure that who you are working with is a legitimate house buyer and not someone looking to scam you. By the end of this article, you’ll be armed with what you need to know to choose the right company to buy your house.

The Sniff Test For We Buy Houses Scams

There are a lot of legitimate house buyers in Denver, but there are also some people that are running we buy houses scams. It can be difficult to know which one you might be dealing with.

The stakes are high. People have lost lots of time, money and even their houses to scams run by people that don’t have any sort of moral compass.

It can be difficult to determine if who you are dealing with has your best interests at heart. Most of the time there are “tells” that will clue you in to their true intentions. These signs can mean you are caught in some of the we buy houses scams being used today.

The Three Most Important Things to Look Out For

  1. Upfront Money and Application Fees — If a house buyer wants you to pay them any kind of fees to evaluate your house, run away as fast you can. This person is likely a scammer. Honest home buying companies don’t make money charging application fees or asking for money. They make their money from buying houses, fixing them up and either renting or selling the house. I’ve had many sellers in the past even mention to me that they were told to put up the earnest money deposit to sell there house. Again, run fast if you’re ever asked to give any money.
  2. “Kitchen Table Closings” — If a buyer wants you to sign over the deed to your house anywhere other than a title company or attorney’s office, you’re likely going to be making a costly mistake. Any sale you have should happen at a title company so that you can make sure the paperwork is handled properly and all liens are taken care of. The sale must be recorded with the government to prove new ownership and the sale of the property. If the government must know that why would you sell in secrecy?Please do not mistake this for signing a contract to sell your house. A Purchase and Sale Agreement is the very first step in the process to selling your house. That can and probably will happen at your house. Just don’t sign any Warranty Deeds, Quitclaim Deeds without the services of a real estate attorney or title company.
  3. Too Much Information is Given — Phony bank statements and pre-approval letters for loans are given without being requested from untrustworthy real estate investors. These investors present these documents to make them appear legit but these documents can easily be faked. There is no reason for an investor to asks for driver license numbers, social security numbers or even your date of birth. The title company will be the only one asking for that for verification of owner on title. The only thing the home buyer should legitimately ask about is your situation and the condition of the property so they can find a solution to your problem with what you need and so they know how much they can pay for the home.This occurs a lot when the supposed “investor” lives in a different city than Denver Colorado and communicates almost entirely by email. I don’t know about you, but I’d rather work with somebody local that I can meet face to face. Just because they are not local doesn’t immediately make them a scammer, but I sure would rather know who I’m dealing with. With technology nowadays it should be difficult to make a phone call or use an app like FaceTime or Skype to communicate from a distance.

Scammers Don’t Always Look and Act Like Used Car-Salesmen

It’s not always easy to pick out who the scammer is in a crowd.

Sometimes it’s the overly nice person.

Sometimes it’s the straight and to-the-point always in a rush person.

Don’t let your guard down just because someone smooth talks you. You need to get the facts about who they are and what they can do for you.

We will discuss exactly what to ask for to determine whether you are dealing with the right kind of house buyer or not later in this article.

It may seem impossible to determine whether someone is genuine or running we buy houses scams…but it’s not.

One way is to trust your gut. If something doesn’t seem right…it probably isn’t and could be one of those we buy houses scams. It also could be someone having a bad day or simply just needs to use the restroom. Okay, all kidding aside it’s best to at least be aware of we buy houses scams and that’s the point.

Another way is to determine whether their actions match their words. Actions always speak louder than words and I’ve found them to be very telling about people.

If a Denver home buyer says he or she is going to meet you at your house at 2:00pm on Wednesday and they show up at 2:40pm.. they certainly don’t value your time or respect it.

If they walk through your house and tear it apart with harsh words about the house or your situation, you are probably dealing with someone that could care less about your feelings or what you get out of the deal.

Harsh words about your house are solely intended to force you to lower your opinion of the value of the house. This type of investor may as well be wearing a plaid suit and lots of gold chains.

A respectable and reputable real estate investor will always treat you with respect. They will show up on time and show empathy. When viewing houses, trustworthy house buyers will look for the positive aspects of the house as they know full well they will be making repairs and breathing new life into the home.

Other Not-so-obvious Semi-We buy houses scams

There are many other situations that I call ‘semi-scams’ to watch out for. These may not be illegal or full-blown we buy houses scams but are intended to take advantage of you and your situation.

It’s best to avoid these at all costs with we buy houses scams.

  • Sub2 or Subject To Scams — Some investors use a strategy called ‘Subject To’ or Sub2 when using shorthand. This is where they buy your house from you “subject to” the existing mortgage. They will want you to deed them the house without paying off your mortgage.The biggest problem with this is that the mortgage is in your name and, if it goes unpaid, directly impacts your credit!It’s pretty easy to see why this type of deal is important to avoid. You would basically be trusting an almost complete stranger with your credit. No thanks!
  • Conflict of Interest Scams — One I often hear about is a real estate agent not disclosing they are an agent and offering to buy the property. Only later to say they changed their mind and would rather list it. This goes against the NAR Code of Ethics 2016. What is happening is they are looking for a way to make money no matter what happens and are only looking out for their best interest. People should be absolutely clear on their intentions from the start. Too much wishy washy commitments usually means something is wrong.
  • Short Sales Scams — Short sales are where a bank or mortgage company agrees to release their lien on your house in exchange for less than the principle balance of your loan. Typically, you have to pay off any principle balance and interest due for them to release the lien. When they agree to accept less, you are performing what is called a short sale.A short sale in and of itself is not a problem, it’s when this is attempted when it doesn’t make sense that causes a lot of problems for Denver Colorado homeowners.If you are behind on payments but have a lot of equity and a home that doesn’t need any major repairs, you might have an investor convince you to attempt a short sale.Short sales can drag on for months and the bank may wait until just before a foreclosure auction to deny it. Then what are you going to do? You won’t have time to sell it. It’s almost certain to be lost to foreclosure.Some careless investors don’t give you all the facts when they attempt a short sale on your house. You also need to be aware that even if the bank agrees to take less for the lien to be released, they could put a deficiency judgement on you for the amount the loan was shorted. You will probably also have to report the amount shorted as income which could cause your income tax owed to be a real problem for you.

How to Avoid These Potential Scams

Do your homework to avoid we buy houses scams.

With some quick research you can easily determine whether somebody has a history of doing what they say. You can also find out if they’ve been in business for a while which shows they are stable and worthy of your business.

Crooks rarely stay in business long and almost always have negative reviews.

  • Check testimonials — Be sure to look for online reviews and testimonials for the house buying company you are considering. Any reputable business will have statements from previous customers that can attest to how they do business. You can read dozens of reviews from customers upon request from Adams Buys Houses. Take a look at them for an example of the types of things you will find for any honest business owner.
  • Check the Better Business Bureau — The Better Business Bureau (known as the BBB) allows consumers to leave reviews and rate local businesses. You should only work with house buying companies that have a strong rating with the Better Business Bureau. If they don’t have a rating they may be new or not have an LLC yet but it’s still a great thing to look into.
  • Make sure to close at a title company — There is so much legal talk in contracts and deed documents that you simply must have a title company or real estate attorney handle the closing.This is to ensure that everything is done properly.The last thing you want is for something to be done incorrectly that you have to deal with years down the road.You could even run into a situation where you are sued because something wasn’t handled properly.Title companies provide title insurance that will protect you from most of these problems. It’s definitely worth it.
  • Don’t sign documents you don’t understand — This one seems to be common sense but is definitely not common practice. If you don’t understand something, don’t sign it.This is also where a good real estate attorney or title company can be worth their weight in gold. They should be able to break it down for you in layman’s terms so that you know what you are getting into.Great house buying companies will also take the time to clearly explain everything you are agreeing to in a way that makes sense to you. They are not in a rush and don’t sound confusing. If you find you are working with someone not willing to do that, don’t work with them. Find someone else that buys houses.

Conclusion

When selling a house fast to a local house buying company, you should be aware of the signs of potential we buy houses scams.

Armed with the knowledge from this article you are much better prepared to find a great house buyer for your house that will treat you with respect and do what they say they are going to do.

If you would like to get a fair cash offer for your Denver house, do not hesitate to give us a call at 303–558–5843. We would be glad to answer any questions you have and help you in any way we can whether you sell to us or not.


Cash for Home Fast in Virginia (757) 750-0200