Buy House Fast in Norfolk (757) 750-0200

I want to sell my house in Norfolk – 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 Norfolk. 

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.

I Want To Sell My House in Chesapeake - Where Do I Start?

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 Norfolk.

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.

Sell My House Fast Virginia

So choose wisely, make sure that you have a realtor who can do good marketing for your home.

So once you find your realtor it’s important to spend some time to speak to your realtor about your home and how you can better present that home.

Selling Home By Owner

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 Norfolk.

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 Norfolk!

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 Quickly - Is it Possible in Today's Down Market?

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.

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.

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.

No doubt choosing a real estate property is an exciting thing for us as it is their first home or office and for some of it is their valuable investment. Whatever the reason may be but people like to look out for something new. Whether it’s a new home or office, that feeling of occupying something new always excites most of us. I am sorry to break the bubble but real estate occupancy process is really long and tiresome. It is not easy to find the right home in the right area at the right price. Connecting all the dots can take long. Especially when you have some specifications in your mind. Most of all it is time-consuming. You need to visit sites personally and keep all your important work aside. All these things may lead you to make some compromises and you might feel regret for your decision after some time. To avoid all these try to do an online property search, why you need to do an online search is mentioned below in the benefits.

The benefit of Saving Time:

You can save an immense amount of time by not actually visiting the place and instead of going online. You clearly deduct the time of traveling and can jump from one site to other in a matter of seconds. You don’t need to deal with the traffic and weather problems too. You can do it anytime you want to regardless of other factors like your realtor or person whose site you are going to visit is free or not.

The benefit of Comparison:

It happens many times that your realtor or the person who is selling the property may lie about the pricing of the property. When you check online or post an inquiry in multiple sites, you can compare prices of different sellers for the same area and sometimes you can also have the same site uploaded by different realtors. All these give you a clear idea of pricing and also gives you the power of bargain as an online platform is more competitive as well as transparent.

The benefit of Convenience:

There are many mediums when it comes to the actual ground visit to a property. When you search online you are master of your own will. You can do all the research initially and that also at your convenience. You can use your leisure time while commuting or even late at night. Nowadays most of the websites are providing Streetview, so you can easily see the surroundings and other specifications without actually visiting the place.

The benefit of Comparison:

This is one of the best features for searching online for the property. You can get two properties in different areas and different locations on the same screen. You can see the actual difference between the two sites and have data which is better and why. Nowadays realtor websites take utmost care to provide actual data because of this feature. Some sites only provide a comparison between different websites. Thus this is an important factor to search online.

The benefit of Eliminating Mediums:

There are a few platforms online where you can directly meet the seller and get genuine pricing without the interruption of other mediators. Here you can even get details of the seller and you can even ask for a live tour with video calling to check how the genuine the seller is.

Thus all these are the benefits of searching properties online. It is best you research and shortlist first and fix appointments online. This will save a lot of time. Thereafter before making the actual purchase, you can physically visit the site.

How to Sell Your House Fast in Chesapeake's Market

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.

The Wholesale House

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 Norfolk?

Local Realtors

- [Announcer] Welcometo Homebuyer's School brought to you by Brookfield Residential.

- Hi everyone, andwelcome to another episode of Homebuyer's school.

Today I'm joined by Kevin French with ReMax Realty and thequestion we're going to answer is can I sell my home without a realtor? So Kevin, obviously you're a realtor.

Maybe a little biased answer but is it possible to sell your home without a realtor? - Absolutely.

It's typically better to do that in a seller's market,instead of a buyer's.

Currently we're in a buyer's market so the advantages weighingon the buyer's side, it's much more difficult to sell so if you're not aware of how to properly market your property, price the property, then those things are going to work againstyou, especially right now more than ever.

- I guess you need asmany resources as you can to help you sell your home.

- Absolutely.

- Okay and if I were totake that route though, if I wanted to sell the house on my own, what are some of the steps Iwould do to accomplish that? - So there's multiple site,obviously you can find things such as Kijiji or Forsalebyowner and you can list it on those, or you can look for assistance through Property Guys, ComFree.

Property Guys is a private system.

Your property wouldn'tbe on the MLS system but most people are aware that it exists so they can search thereif they are looking for a property.

And then with the ComFree option, the property would be on MLS so you take a package that they offer, and then you would listthe property with them.

They would coordinatea portion of the things for you and then it would be on the MLS and then you would help with the showings and organize all that, deal directly with whoever'slooking to purchase, whether it's a realtoror a single individual.

And then once an offer is received, then that would be part on the owner, who's selling the property themselves to set a price they are comfortable with but they would have a bit of assistance from ComFree.

- Okay, but you're takingcare of everything though.

Like booking those appointments or people calling youto say hey, I want to come visit your home.

- Making sure the home is show ready.

Making sure that it's showingin the best possible way.

Making sure that you'retaking care of everything that you want to make surethat you're taking care of.

Those little small detailsmake the biggest difference.

The biggest thing thatneeds to be considered is pricing.

I often list a property,I go in and let's say the property is worth499,900 and the person happened to have purchasedit in peak market in 2014, so they owe 520.

So now all of a suddenthey want to list for 549.

So they tell me if I list at 549, then we'll negotiate down to540 and then after the fees we'll be somewhere in the ballpark of paying it off.

Well that doesn't change market value.

So you can't really do that.

So what happens when you leave the sale in the hands of the person trying to sell the property and they're trying to do it on their own,they may take that route where they're trying to look for, well what are the expensesthat I need to cover and then that's what we'll price the home which has nothing to do with market value.

- So you're saying you mightleave some money off the table? - Well, the property, if you do that, if you overprice it, it's just going to sit on the market longerand then it's going to become stigmatized and then when it does actually sell, which might be years later or you might choose to list with anagent shortly after, being unsuccessful trying it on your own, then the property would sell at fair market valuebut now people are going to see that in the history.

It sat on the market for three months, or it sat on the marketfor a year, who knows? - When it could have sold-- - When it could have sold much sooner and probably for more money.

- Anything else to add? - No.

- Awesome, well thank you very much Kevin.

That's it for our show today.

Thank you very much for joining us and we'll catch you next time.

- [Announcer] That's another edition of Homebuyer's School.

Tune in next time for moreexpert tips and tricks and visit homebuyersschool.

Ca to bring you one step closer to finding your dream home.

As with everything, it would be great if you like and share our videos.

Also, please let us know if you have any home buying questionsyou want us to answer.

How to Buy a House Easily

Home Real Estate

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

  1. 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.
  2. 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.
  3. 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.
  4. 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

  1. 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.
  2. 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".
  3. 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.

 

 


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