Selling House Fast Due To Inheritance

December 29, 2014

You masell fast relocationy be wanting to sell a house that you received through inheritance. If you have inherited a house, one of your best bets may be selling to an investor. With selling to an investor, you can save a lot of time and hassle which may put a strain on you, or your family. Selling your inheritance to an investor means, not out of pocket costs, repairs or using any of your own money.First off, you want to avoid all and any out of pocket expenses. When someone passes on, and the home is left vacant, usually that means the house could be left un maintained for quite some time. Selling fast to an investor will make sure that you get it off your hands before the value of the house starts to go down. Selling to an investor also means you don’t have to hire some real estate agent who will nickel and dime you. They will also take a cut of the profit, which is mostly how they make their money. You then may have to sit on the house even longer while the agent finds a potential buyer but with sell
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Fast Way to Sell Your Property – Investor Buyer

November 8, 2014

sell my houseThere are many reasons why you may be in a situation where you need to sell your home quickly. Life has challenges such as divorce, needing to relocated because you received a new job in a different area, inheriting a home from a family member, becoming ill and needing to sell. Rather than listing your home with a realtor, fixing up your home for sale, hosting open-houses, and waiting for the right buyer for your house, you can get a free offer for your house from a local real estate investor. Sell Your House Fast by contacting a local investor. They will come to your home, review the condition of your home, and provide you a free, no-obligation home selling offer.

 


Mortgage Rate Decrease Could Help Sell My House in Boise, Idaho

February 2, 2008

The interest rate for a 30 year fixed mortgage dropped to 5.96 percent for the first week in December. That is down nearly one quarter of a percent from the previous week at 6.10 percent.

Interest rates have not been this low since September 2005 when the interest rate was at 5.19 percent. Even better is the interest rate for a 15 year loan at 5.65 percent, down from 5.73 percent.

December has always been a time for interest rates to creep down but this year is different. With the recent drop in the real estate market, and the changes to home buyer required qualifications, potential home buyers are waiting on the side lines.

If you have been waiting for interest rates to hit a low before purchasing your new home, it is time to start looking. The feds have lowered the interest rates to help consumer spending, regain confidence, and put off a looming recession. 

Lower interest rates could definitely help some home owners sell their house. Many potential home buyers are waiting to purchase their new home, until they see the bottom of the real estate market or until they see interest rates bottom.

There are many home owners are over leveraged and motivated to sell their house. Combine that with low interest rates, and now is a perfect time to buy an investment property or personal home.

If you are looking for the very best deals on real estate in your area, contact your local home buyer. Local home buyers purchase properties fast from motivated home sellers. Motivated home sellers are people who need to sell their house fast because of, divorce, pre foreclosure, moving out of state, over leveraged home, short sale, or to cash out of an investment property.

You can contact your local real estate investor and get a great deal on houses of all sizes, types, and conditions. Local real estate home buyers deal with large pretty houses, small new houses, duplexes, condos, town houses, fixer uppers and the list goes on.

On the other hand if you are looking to sell your home and the low interest rates do not bring you a qualified buyer quick enough. Contact your local home buyer to receive an offer on your home. They are very professional and experts in your local area. You have no obligation to accept the offer, so you have nothing to lose. 


How Much Does It Cost To Sell My House in Boise- Real Estate Commissions Increase in Boise

November 9, 2007

Real estate commissions in Boise Idaho are typically paid for by home sellers not home buyers. When you go to sell your house in Boise you pay your real estate agent a commission. If you look at your closing statement after you sell your house you will notice you are also paying a commission to the buyers real estate agent.

 

In the 1990s the average Idaho home seller would pay a real estate commission of approximately 6.1 percent, half to the buyers agent and half to the sellers agent. As the real estate market shifted to a sellers dream the average real estate commission decreased to 5.4 percent in 2001.

Summer 2005 brought about the peak of the sellers market in Boise Idaho. Home sellers could post a For Sale By Owner sign in their front yard and expect a full price offer in just a few days. When people can sell their house in just a few days by posting a sign in the front yard real estate agents are viewed as an over paid service. In 2005 the average real estate commission was just over 5 percent. 

Now the real estate market has shifted back to a buyers market. Real estate agents in Idaho are back in the drivers seat and once again raising commissions. In 2006 the estimated real estate commission was 5.18 percent, up 0.16 percent from the previous year. With the real estate market sliding even further to the buyers side, real estate commissions are expected to increase even more over the next couple of years.

There are many people who are in financial strain in Boise Idaho, mostly caused by their home mortgage payment. Either they purchase their home at the top of the market and now owe more for their house than what they purchased it for, or they have some personal situation which makes it hard for them to make their mortgage payment.

If your Boise Idaho home is causing you financial strain and you can not afford to pay large real estate commission, you have options. There are a couple ways to sell your house and not pay a real estate agent. You can sell your house FSBO, which will still cost you a few thousand dollars up front, or you can sell your house to a local home buyer.

Local home buyers existing in every real estate market including Boise idaho. They will give you a free offer on your home and explain your home selling options. Even if you do not have enough equity to pay real estate agent commissions, your local home buyer can help. They can possibly lease option your home or take over your mortgage payments. If you are in a financial strain because of your home and you would like to sell your house fast. Contact your local home buyer and see what they can do for you.


Foreclosures Rise 30 percent – How Does Boise Idaho Rank?

November 5, 2007

Third quarter 2007 results are in and not looking good for the real estate market. Foreclosures continue to rise across the nation. The largest contributor to the increase in the foreclosure rate is adjustable rate mortgages.

 

Between 2004 and 2006 adjustable rate mortgages were given to just about anyone who could sign their name on the dotted line and show proof of a heart beat. Now with the real estate market slow, people who can not afford their mortgage are falling into foreclosure. The scary part is there are still thousands of ARMs that are due to adjust in 2008.

 

The state with the highest foreclosure rate is Nevada with one in every sixty one homes falling into foreclosures. The foreclosure crisis in Nevada is also due in part from over building of homes by home builders and speculator real estate investing. Never the less Las Vegas which is located in Nevada has one of the best work forces in the nation. The state population also continues to grow rapidly which will help the local real estate market in the future.

 

The other top 5 states with the highest foreclosure rates in the nation are:

California with 1 out of 88 homes going into foreclosure

Florida with 1 out of 95 homes going into foreclosure

Michigan with 1 out of 102 homes going into foreclosure

Ohio with 1 out of 107 homes going into foreclosure

Colorado with 1 out of 109 homes going into foreclosure

 

Almost all states are experiencing an increase in the number of foreclosure filings. States like Idaho (thank include Boise, Nampa, Eagle, Start and Meridian Cities), that rank 19 in foreclosures have a 138 percent increase in the number of foreclosure filings from the same time one year ago.

 

Some of you may say, “The foreclosure rate may be increasing for the entire nation, but real estate is a local market”. Well that is true; real estate is a local market. Some areas of the nation may be experiencing a buyers market while others are experiencing a strong buyers market.

 

If you are interested to see how your state ranks for foreclosures, check out the article by RealtyTrac.


Sell My House To A Property Buyer

June 28, 2007

Depending on your selling situation, selling your home to a professional home buyer can be the right selling decision. As with other home selling options, selling your home to a real estate investor has benefits.

Some of the great benefits of selling your house to a professional property buyer: You are able to sell your house fast on the date or your choice, you do not have to pay large real estate commissions to a realtor, you do not have to repair your house that has problems, and much more. 

I would recommend selling your house to a local real estate investor if you are in any of the following selling situations;

  • I am behind on monthly mortgage payments

  • I need to sell my home fast

  • I am moving out of state or out of my local area

  • I have been transferred by my job

  • I am going through a  Divorce and need to sell my house
  •  My home is 100% financed and I do not have enough equity to list my home with a realtor

  • My home is going into foreclosure

  • Someone in our family has health problems and can not work, therefore we can not pay our bills

  • I am tired of being a Landlord and don’t want to deal with tenants anymore

  • My home needs lots of repairs and I don’t have the time or money to fix it up

  • My home is in pre-foreclosure

  • I want to cash out of my investment property

  • My home has been on the market with a realtor for many months and my listing agreement is now expired , I want to sell my house fast, now

  • We recently inherited a property and want to sell it

  • As you can see there are many reasons why you should consider selling your home to a local home buyer, and these are not all of them. Simply put, listing your home with a realtor or trying to sell your home FSBO cost you money and time, it also does not get you offers within just a few hours/days. If you don’t have time, don’t have money, or simply don’t want to deal with the hassles of selling your home…sell it to a real estate investor. You may be happily surprised by the offer you get.

    For a free, confidential, no-obligation offer for your home visit www.ExpertHomeOffers.com


Steps and Cost of Seeling Your home FSBO

June 28, 2007

Here is the truth about selling your home FSBO. Indeed you can save money from other traditional selling solutions but selling your home on you own is not for everyone and should not be used in every situation. View the rest of this site to determine if selling your home FSBO is the best option for you. Below you will find the basic steps in selling your home by yourself. I am assuming you have a very basic understanding of real estate. If you have any questions just post and I will be happy to reply.

Selling You Home Steps:

  • Attend Your Local FSBO Seminar: In every major metro city there are FSBO companies that operate the local FSBO advertising market. These companies can be helpful but in my experiences they give you vauge information and charge you for everything. FSBO seminars are not for everyone and will cost a few dollars, usually between $25-$45 per person. It is a 30-60 minute presentation by a FSBO company employee on how to sell your home. Most of the presentation is directed on how thier company can help you and the producs/services they provide. If you want to save some time and a little money do your own research or finish reading this post and you will know all the steps invovled in selling your home on your own.
  • Determine Market Value: For this step I am a firm believer you should spend a little time or money. It is not as easy as driving through your neighborhood and seeing what your neighbors home is selling for. Determining market value is much more complex and should be done very carefully. Market value of your home should consider all the details about your home including but not limited to; square footage (above grade and below grade square footage have different values), floor plan, upgrades, neighborhood, school ddistricts, curb appeal, surrounding amenities, age of home…and the list goes on. Because this is a very important task I recommend to avenues in determining the market value of you home. 
    •   Use a Real Estate Agent: If you have already made up your mind that you will be selling your home FSBO I would recommend not wasting a realtors time and taking advantage of their resources. Realtors work hard and I’m sure you would not like it if someone asked you to work for free. If you are open to the possibility of listing your home with a realtor then I would suggest asking a local realtor for a listing presentation. Real estate agents have some massive advantages over us when determining market value of a home. For one, real estate agents are in the business of selling homes. The do not get a pay check unless their listings sell. They also have access to the Multiple Listing Service (MLS). This is a database that contains all the homes currently on the market and all the recently sold homes. If you are open to the possibility of listing your home with a real estate agent ask one to give you a listing presentation. Their presentation should include the market value of your home. They will also explain their services they offer. If after the listing presentation you like the idea of using them for their services, then great. Hire them and let them take over the work. If after the listing presentation you still want to sell your home FSBO, well now to you know the market value of your home.
    • Have An Appraisal: I recommend hiring a professional home appraiser and having your home appraised. This appraisal will cost you between $200-400 depending on your location and your home, but it is worth every penny. Besides you will have to pay for an appraisal anyway when you get an offer on you home. Note that you can not always use your initial appraisal as the appraisal needed when you get an offer. It is law that the buyers lender order the appraisal so they know it is legit. If the appraisal company you used is also used by your buyers lender then you can use the same appraisal. An appraisal is a report that will give you your home value and include a minimum of three comparable properties in your area. These comparables are the homes the appraiser used to determine your homes market value. I always get an appraisal for the homes I sell. Then I market my homes a little below appraisal and I have proof of my claim.   
  • Get a Home Inspection: I think it is always best to get a home inspection before actually marketing your home.  A home inspection will cost you between $200-450 depending on the size of your home. A licensed home inspector will check everything in your home from the electrical outlets on the walls to the crawlspace. I always get a home inspection before I market my properties so I can see what items I need to fix. Some times there is a not so good surprise like moisture in your attic or things you may have not been consistent on like having your HVAC serviced on a regular basis. Once you get your home inspection back (2-5 days after the home inspector is complete), fix as many of the items as you can. This will ensure a clean home inspection when your buyer has your home inspected.
  • Set Your Selling Price: Depending on the condition of your home, the current market value, and your selling situation you should now set your selling price. Don’t forget to take into account selling fees; typically 1.5% closing fees, appraisal fees, negotiation room, and realtor fees. Why realtor fees you ask. Because sellers pay realtors and buyer do not you can expect your buyer will most likely be represented by a realtor. Depending on your location in the US typical realtor fees are 3% of selling price.  
  • Stage Your Home: There is an art to staging a home and many people have professional jobs just staging home for sale. If you list your home with a good realtor they will help you with this task. If you are selling you home by yourself then your main task will be to clean, clean, clean. Also use some of the tips from the pros like removing all family photos around the house. This helps potential home buyer see their family living in the home. Don’t forget to move your staging outside the home and into the front and back yard. Put new bark in the flower beds, plant some fresh vibrant colored flowers, trim the bushes growing above the front windows, and basically give your home some great curb appeal. 
  • Market Your Property: Now that your home is in great condition and will impress the masses it is time to spend a little money and get the word out that you are selling your home. In my opinion this is where many FSBO’s hit a brick wall. Marketing is the most important step in selling your home. Some people would say sale price but I am a firm believer that marketing is much more important. If you have a great sale price and no one knows your home is for sale, you will not receive one offer. There are many ways you can market you home for sale. Marketing is much to large of a subject to describe in detail so I will list a few, just remember don’t be stingy when using your money for marketing. I would suggest budgeting a minimum of 2% of your selling price for marketing. Some great avenues to get the word out that your home is for sale; signs, classified adds, bulletin boards, community magazines, Internet, and don’t forget the never absent home flyer.     
  • Show Your Home To Potential Buyers: This is the part many home owner don’t like doing. After you have spend many hours and a great sum of money getting your home ready to sell now you have to show your property to potential home buyers. Receiving phone calls, scheduling viewings, answering the same questions over and over to potential buyers, talking with unmotivated people, and listening to complaints about your home are just a few of the tasks you will be faced with. This is also the test for your previous work. If you set your selling price well and have good marketing your phone will ring.
  • Receive Offers: If your buyer is represented by a realtor then you will not have to worry much about how the paperwork is completed. The buyers realtor will ask where and when to deliver the offers and you will receive them. You will need to read through the offer and understand the agreement/contract completely before being able to make a decision. If your buyer does not have a realtor you will have to help them put the offer together and walk them through the paperwork.
  • Counter Offer or Accept: Depending on the offer you receieved from your potential home buyer you will need to counter offer or accept their offer. In a high buyers market it is typical to receive 3% lower than your asking price. Once an agreed upon price and terms is on paper and signed by both parties it is time for some more work.
  • More Paperwork: It is federal and State law to have a Seller Disclosure Form and a Lead Base Paint Disclosure form completed for all transactions.
  • Title & Escrow: Contact your local title and escrow company and get your home scheduled to close. A title company will check for liens on title and organize the closing. Fees for title and escrow vary depending on your home location and your relationship with your title agent.
  • Fix Buyer Requests: Once your buyer has completed their home inspection you can bet they will have a few items they will ask to be fixed/completed before the close date. Because you previously had a home inspection completed there should be no big surprises on the buyers home inspection report.
  • Close and Receive Your Check: Well the process is almost over. Many times there are hick-ups with closings. It could be your buyer does not qualify to purchase your home and can not get financing, then you have to start the process all over again. Or you could be one of the lucky ones and have a smooth transaction from start to finish. If the closing does proceed as planned you can expect to receive your proceeds from closing in 1-3 business days after closing. Congratulations! you have just sold your home.   

Summary of Cost:

  1. Attend Local FSBO Seminar: $90
  2. Determine Market Value (Appraisal) : $300-$400
  3. Home Inspection : $200-$450
  4. Fixing Inspection Issues : $500-$3000
  5. Staging Home : $150-$1000
  6. Marketing Property : 2% Sale Price 
  7. Buyer Discount : 3% of sale price
  8. Buyer Realtor Fee : 3% of sale price
  9. Closing Cost: 1.5% of sale price

Assuming a $100,000 sale price the typical cost to sell a home FSBO would be between $10,650 and $14,440. This is definitely not cheep and this money does not includ your time and effort, particularly the money you could have made while at work and not dealing with the sale of your home.

P.S.

As you can see selling your home on your own can be quite a challenge, take valuable time away from other tasks like family or work, and cost a substantial amount of money. For this reason real estate agents and professional home buyers exist. Many people hire a real estate agent to help them through the gigantic task of selling their home. Even with a real estate agent the task of selling your home can be daunting. This is why selling your home to a real estate investor can make a great deal of sense. When you sell your home to a real estate investor you do not have to worry about any of the details and usually don’t have to worry about the condition of your home. You can call a real estate investor and within 48 hours have a signed offer on your home. If you really need to close fast because of your selling situation some real estate investors can pay cash and close on your home within days. No fixing up your home, no dealing with non-motivated buyers, no worrying about your buyer getting financing to close, and the list goes on.

For a Free, Confidential, No-obligation Offer on your home visit http://www.ExpertHomeOffers.com