Posts Tagged ‘realtor’

There are numerous reasons a homeowner would consider selling their home in today’s market. Perhaps there has been a recent job loss, the death of a spouse or bread-winner, an unforeseen medical issue that has created loss of income, etc., and the family is facing a financial situation that forces the sale of the home. With the rates of foreclosure in the United States at an all time high, it is no wonder that homeowners are looking for realistic solutions to selling their homes quickly and efficiently – without having to pay high real estate commissions. While Real Estate Professionals provide a very important service, and their fees are well worth the cost, there are situations where you truly need to watch every last dime. If foreclosure is knocking at your door, or if you are experiencing one of the sample situations previously mentioned, it is not in your best interest to pay thousands of dollars in real estate commissions.

What is the average real estate commission you would have to pay, if a Real Estate Agent sold your home for $100,000? Throughout the United States, the average real estate commission is approximately 6%. Therefore, at the closing on your property, the Real Estate Agent would receive a check for $6,000. Sure, your Realtor puts your property in the Multiple Listing Service, so that agents from all over can show and attempt to sell your property. Your agent will probably hold open houses for you, field calls about your property on your behalf, as well as show your house to any buyer who shows an interest in buying. The problem with this scenario is the sales process can be very time consuming – and when you’re in a situation where the money is simply not coming in fast enough to keep up with your bills, it’s time for a different solution!

When you work with a professional property investor to initiate a quick sale and speedy closing on your house, you can expect to hold your closing within approximately 7 – 10 business days. You’ll never have to deal with real estate commissions, and the property investor’s sole purpose is to offer you solutions that will allow you to quickly sell your home, so that you can move on with your life. When you work with an investor, you will receive a preliminary evaluation of your property over the phone. During this phone call, you will be asked several personal questions, such as:

1. What is your property’s address?

2. What is the condition of your property?

3. Who do you pay your mortgage to?

4. Have you received a notice of default?

5. What is your monthly payment?

6. What was the purchase price for your home?

7. What is the balance owed?

8. Are you still living in the house?

9. When will you be out of the house?

10. Do you have an asking price in mind for the house?

Some people are uncomfortable with these types of personal questions. Whether you are working with a Real Estate Agent, or a professional Property Investor, these are questions that must be asked, in order to determine whether or not a deal can be reached.

When you work with a Property Investor, they will evaluate your property to determine the best course of action in purchasing the house. For instance, if you are still living in the house, it wouldn’t make sense for the investor to do a quick purchase, because it may take you an extended period of time to relocate.

So what are the potential solutions a homeowner may find the property investor will offer? Let’s take a look at some of the most common solutions offered by the professional property investor.

When you can not afford to remain in your home, there is really only two things that can happen. First of all, you can sell the house in the quickest manner possible. The second option is to NOT sell the house, and you lose it. Therefore, it makes sense that the quickest way to get rid of your problem, is to sell your house – FAST! We’ve already talked about using a Real Estate Agent as a possible solution to selling a home, but that isn’t necessarily the most inexpensive and speedy solution in your situation.

When you work with a professional Property Investor, you can receive a cash offer, or a creative solution that can include purchasing your house, subject to your current financing. Here’s how a purchase, “Subject to current financing,” works for the homeowner. The property investor makes a written offer to you – subject to your current financing, and the house passing inspection. Don’t get nervous about the inspection. This is customary, and in general, allows the investor to determine what needs to be done to the property to resell or rent out. When both the homeowner and the investor are able to come to terms with this type of agreement, the investor literally takes over the payments of the current loan. It is a seamless process, and house is transferred to the investor, via “Quit-Claim Deed.” The homeowner is absolved from further payments, and is no longer owner of the property. Thus, the homeowner has ended their financial turmoil.

Another creative solution the property investor may offer the homeowner who is experiencing a job transfer, is called a lease purchase. The investor will set up a lease for a period of 5 – 6 years, in which the investor is responsible for making all payments to the mortgage company directly, and keep up all minor repairs on the house. The investor initiates this type of creative solution, with the intention of leasing the property to an outside individual. The investor has the right to complete the purchase of the property at any time before, or up until the end of the lease purchase agreement. The homeowner experiences relief, because they do not have to make payments on two houses, and both parties have reached agreement on a purchase price today.

When you choose to work with a property investor, there are a couple of things to keep in mind. The investor offers solutions to homeowners because he/she makes money on these deals down the line. No homeowner is ever required to accept the offer of a property investor. It’s important that all parties keep the lines of communication open, so that a deal can be reached that works for both parties.

Working with a Professional Property Investor to quickly sell your house can be an excellent solution to the distressed property owner. The homeowner will receive a guaranteed offer within 24 – 48 hours, will not have to pay out any real estate commission, and will have an efficient and expedient solution to a financial problem that could only multiply down the line. When you’re financially down and out, and could face foreclosure, it’s time to consider working with a Professional Property Investor.

SterlingPropertySolutions.com buys, sells and rents properties across the U.S.A. If you or someone you know needs to sell their house, FAST, visit our website, at [http://www.sterlingpropertysolutions.com] Author Christina Archer, is the owner of several internet based companies, and a professional property investor. You may reach Christina at christina@sterlingpropertysolutions.com

Author: Chris Archer
Article Source: EzineArticles.com
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Are you in a situation where you need to sell your house quickly? Occasionally we all find ourselves in situations where we need something done and we need it done right now.

In this article we will talk about one thing you can do if you need to sell your house and you need to do it right away.

The first thing you should do is take a step back and analyze why you need to sell your house. Do any of these apply to you right now?

- Messy Divorce

- Lost of Income or Job

- Health Concerns

- Relocation

- Owe More Than Your House Is Worth

- High Interest Rate/Adjustable Rate Mortgage

- Low Ball Offer on Your Home

- Avoid Foreclosure

Knowing why you need to sell your house quickly can help you determine the correct asking price, and whether you are going to do a traditional real estate sale or go another route.

Are you familiar with the phrase cash buyer? Many times using a cash buyer is a great way to make things happen quickly. Some people are leery of cash buyers and for good reason. Like any other business, you can run into unethical cash buyers who do not have a win-win situation in mind.

By win-win, we mean that you achieve your goal of selling your home quickly, and the cash buyer achieves their goal of getting a property that they can turn around and make more money on at a later date.

Cash buyers are perfect for homeowners in this situation, where they need to sell their home worse than they need to hold out for the best price.The key is to find the right cash buyer that you can trust to work with.

Speed is the biggest advantage that you have with the cash buyer over a regular real estate agent. Using traditional real estate marketing can end up taking several months from the date you first meet with the realtor until you actually close and move out.

The sacrifice that you make with the cash buyer is you trade speed for a discount on your sale price. This can happen very fast. You could have an offer to buy your home in a matter of hours.

To find a legitimate cash buyer definitely seek out references, check the Better Business Bureau, and look for who is doing business in your neighborhood right now. You may even know a friend or relative who has been in a similar situation and can contact with them.

In summary, using a cash buyer to sell your house quickly can be a great way to take care of your immediate needs without the stress and time of using the traditional real estate sale.

James Redmond invites you to visit his best home offer website if you must sell your house fast. If you are a private party who must sell your home because of divorce, bankruptcy or other issues they can help. They specialize in private party must sell home help including selling high end homes. Please click here now to learn info:http://www.thebesthomeoffer.com

Author: James Redmond
Article Source: EzineArticles.com
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Last week I discussed ways that you can promote selling your house and options that you may not have known about to sell your house without a Realtor. Today I want to talk to you about a technique that we use often to get our properties sold quickly.

This technique will often create a “feeding frenzy” among real estate agents and it will get your property a lot more showings than the “typical” showings that a real estate agent does. And in today’s market more showings lead to more offers which leads to a sale. Although this technique does not get you out of paying a real estate agent fee, it will help in selling the house faster. To explain this technique first I will need to explain how a regular real estate agent agreement works, then I will explain how we do it.

In a typical real estate listing, the listing (or seller’s agent) comes to your house tells you what they think your house is worth and then you sign a listing agreement with them and you agree that at the sale of your property you will pay them a 5-6% commission. The agent then list your house on the MLS (Multiple Listing Service) which allows all the other Realtors to see that your house is for sale. Your agent then works to find a buyer or another agent that has a buyer. Once they show your house and find a buyer, you get to sell your house.

In this scenario you look like every other seller out their on the market. You have just as much chance of selling your house as anyone else who is selling their house. In today’s market you need to have something that will make your property stand out from the other properties.

You need something that will make real estate agents WANT to sell your house first. The answer to this is simple… Pay a HIGHER commission. Tell the listing agent that you want to give a $1,000 bonus to the agent that finds you a buyer. If all the agents have a choice between selling someone else’s house and selling your house they would probably try and sell yours first for the $1,000 bonus in addition to their regular commission.

I even go a step further and say that I will pay the $1,000 bonus to any agent that finds me a buyer and gets me a signed contract within the first 30 days of the listing. This way agents will try and get you a buyer first before the other houses in the area. You only pay the bonus if their buyer actually closes. And, if you think about it, it makes good sense.

If your house can sell within the first 30 days that allows you to not have to pay another mortgage payment and if your mortgage payment were $1,500 a month for example you just saved $500 dollars and a large headache. With this technique you will literally have agents fighting to find a buyer for your house because they want that bonus. Try this technique it works great. Next week I will discuss how to lower your property taxes by simply signing your name.

Till then Good luck and God Bless and remember… If you have any questions about saving or selling your home or any topics on real estate that you would like to know more about please email me and I will answer your questions in this column.

Arthur V. Veal IV is the owner of We Buy Houses Home Services, a real estate investment company. They specialize in buying houses on terms. Buying on terms allows them to purchase houses and pay very near retail prices while still selling the house for a profit. His company boast a 73% success rate when helping sellers sell their property quickly and getting them a price they feel is fair. Find out more about there programs by visiting their site at http://www.sellonterms.com

Author: Arthur Veal
Article Source: EzineArticles.com
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You may be thinking, I want to sell my home but in today’s market should I even bother? That question plagues many home owners as they consider the economic climate and their own personal needs. First, some things never change whether it’s an economic boom or bust. You will need to make sure that you fix all those little things around the house that you’ve let go for so many years.

Consider how you intend on selling your home, will you do it on your own or will you go through a realtor? Both have advantages, with one you will save a ton of money on fees. With the other you may get a better sell price and greater marketing reach. Prior to making a choice look into what other houses in your area are selling for, this will give you an idea on what you will get.

Patience will be needed, homes are still selling in this economic climate but probably not nearly as fast as you would like. Expensive homes are taking much longer to sell whereas those on the lower end are selling much quicker, all this will play into your need to understand the market and be patient.

A common thought is that you need to add a lot to your home in order to make it desirable and sellable to people. Most likely this won’t be the case; some people are looking for a floor plan they like and something that they can spend time remodeling. While others may not like the new carpet you just installed and plan on replacing it as soon as they take ownership. Look at doing small things with big results. Paining the interior and exterior of your home will yield your greatest results.

Potential buyers can look through lots of things and see the vision your home will hold for them, but most find it hard to look through filth and clutter. Take the time before hand to do a thorough cleaning of your home, perhaps even hiring a professional. Once the house is clean keep it that way, buyers will spring up at your doorstep with a realtor when you least expect it.

You are about to embark on a major undertaking in your life when you sell your house, a little knowledge will go a long way to making the process smooth. Take the time to learn about your local area, realtors and overall market and move forward prepared.

Tab Pierce is an executive sales leader and security professional who has spent years as a serial entrepreneur. He has owned successful companies within eLearning, data management, telecommunications and others. He has also successfully assisted companies integrate sound sales processes into their organization.

Author: Tab Pierce
Article Source: EzineArticles.com
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Many homeowners would love to sell their house fast without any difficulties. But in the current scenario, it is not that easy to sell the house. Many houses are sitting on the market for months without being sold. But if homeowners take necessary action it can sell its house fast.

Appraised value of the house may be somewhere $250,000, but the market value may be something different. If you want to sell your house fast it is very important to price your home according to the current market value in your particular area. A realty professional can give you a detailed analysis of the comparable homes that recently sold in your area. A realtor can find out asking price of your home when you want a fast sale at a fair price.

If you want to sell your house quickly, you have to take care of your house. A little bit of cleaning can make your home look beautiful. To sell fast, invest in storage, containers, cabinets, garage, basement, and even garden shed. Sell all the unwanted items that take up lot of space.

A potential homebuyer may be in need of homes that are ready to move in and do not require repair. Several minor repairs may add up to one major dilemma for potential homebuyers. It would be better if you complete the repairs, especially if you are hoping to sell your house fast and at a price that is fair for all concerned.

Before selling your house, do examine all the walls, woodwork, cabinets, siding, trim etc. Painting is one of the least expensive improvements you can do when attempting to sell your house fast. Simple touchups and painting can make a lot of difference between selling your house fast and having it in the market for an extended period of time.

A pleasant aroma can also sell your house fast. Try to create an atmosphere of smell. If you burn incense or simmer pot pourri on a daily basis you can create pleasant aroma. Another thing you can do is bake fresh bread or cookies just before your buyers arrive.

You may love your family pictures on the wall. But the buyer is not interested in seeing your pictures on the wall. If the buyer sees your picture on the wall, it may be harder for him to imagine himself in the house. So it is advisable to pack as many family photos as you can.

Andrew V. Wilson is a SEO copywriter for Sell and rent back Sell and buy back and Sell home. He has written many articles in various topics like Sell home fast UK, Private house sale and Sell house for cash. For more information visit: http://www.rapid-property-solutions.co.uk

Author: Andrew V. Wilson
Article Source: EzineArticles.com
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Getting help with investing is easier than you might think. In fact, if you already work with a realtor or mortgage broker, you may already know how to work with the other specialists who can help with your real estate investing.

But real estate investing is much more than finding and buying the property. There’s more to do once the deal is completed – and you may own the property for months, and more often for years. Certainly you don’t want another job, or obligation in your life. That’s why real estate investing is so appealing to begin with! So to get that free time and passive income you dreamed of in the beginning of your real estate investing career, get help with investing: outsource your work.

Here are 3 tips for you to use to successfully outsource those daily, weekly and monthly tasks associated with real estate investing that are better done by someone else.

(In fact, if you do these 3 things, you’ll have more time to buy property, more time to spend with your family or on vacation, and more money!)

The first tip is: expand your geographic investing area by outsourcing. I’ll share the details of this in tip #2, but first I want you to consider this: there are only 24 hours in a day. We all have plenty to do to manage our own lives.

If you have a family, wouldn’t it be great if your real estate investing allowed you to spend more time together? If you have a job that you can’t stand, wouldn’t it be great if you could leave it, never to work for anyone else again? By outsourcing work of all kinds, you can gain precious time to do what you want to do – whether it’s work or play.

You’re the CEO of your company. CEOs don’t do the work – they hire it all done. Your job is to oversee it all, to manage your real estate investing portfolio (not to fill out landlord forms, chase tenants, mow lawns and collect rents!)

Besides, your most important job will be taking checks to the bank! (Never outsource this task!)

The second tip is: hire specialists for all aspects and all phases of the work. Here’s a list of specialists you can outsource to. Are you an active investor, or doing the research to become one? Don’t be surprised if this list saves you over 20 hours a week (or more) in activities you’re currently doing yourself! How much bigger could your portfolio be if you hired:

o Real estate broker with ARM and/or CPM designations
o Birddog
o Municipal employees

The real estate broker (or agent) with ARM (Accredited Residential Manager) and/or CPM (Certified Property Manager) designations is essential to your real estate investing success. Not only does this real estate professional find you properties to invest in, but he or she is also your property manager.

An ARM or CPM Realtor is educated. It takes many hours of continuing education to achieve these designations – five classes and tests for each designation! They know their stuff!

While they’re busy managing your tenants (so you don’t have to) you can spend your time as you like. And they’re experienced at this work. Let them collect rents, hire maintenance work done and do the day to day management of your properties.

Find an ARM or CPM Realtor at http://www.irem.org At that site, you’ll find members from different cities all over the country, allowing you to invest in properties in many different markets! And that kind of diversification is just smart.

If you’re just starting, and working only one market area, hire what’s known as a birddog. That’s a person who scopes out buildings for you. You pay a finders fee, and your birddog does all the leg work. Imagine a person (or a group of people!) bringing you potential investments!

Birddogs work best with single family properties, but if structured properly, you can do very, very well.

The last group is municipal employees. You won’t actually hire these folks, but they’ll be partners in your quest for wealth. Here’s how: rather than going to the courthouses of all the towns and counties you’re interested in, get help with investing with this group of under-appreciated people! Always remember that a little goodwill goes a long way. Treat these folks with respect. Get lists of out of town property owners and start a letter-writing campaign to build your real estate investing portfolio.

Now, here’s where it gets really good. The third tip is: use real estate investor courses to learn fast and learn right. By learning from the experiences of others, you can learn in a fraction of the time it took to develop the knowledge your investing teacher took to get there. That’s like outsourcing your learning!

David Lindahl, also known as the “Apartment King” has been successfully investing in single-family homes and apartments for the last 14 years and currently owns over 7,000 units around the US. David regularly shares his secrets and experience on the same stage as Tony Robbins, Robert Kiyosaki, and Donald Trump! For two FREE copies of his highly recognized newsletter Real Estate Insights, please go to http://www.davesoffer.com/ezine

Author: Dave Lindahl
Article Source: EzineArticles.com
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