Sell My House Myself FSBO – What is My House Value

March 8, 2008

When it comes to selling your house you have a few home selling options. You can sell your house with a real estate agent, you can sell your house for sale by owner, FSBO, or you can sell your house to a real estate investor.

No matter what you may think about these selling options all of them should be considered when you go to sell. Each selling option has its own benefits.

If you list with a realtor you will not have to put in much effort but you will definitely have to pay large commissions.

If you sell FSBO you will not have to pay large commissions but you will have to come out of pocket for your marketing expenses and you will have to put in lots of work. 

If you sell your house to a reputable real estate investor you can sell your house fast with no effort and save money. That’s right, not all real estate investors are looking to take advantage of home owners in distress. Many professional real estate investors are looking for a win, win situation.

Professional Real estate investors are always looking for ways to increase their real estate portfolio. Many of them hold properties for long term, meaning they do not have to buy at huge discounts.

When selling your house you should consider all your home selling options. The fastest way to find out what your home is worth is to contact your local real estate investor and get a free offer for your house.

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Posted by Shaun G.

Home Vacancy Rate Could Be Highest Since Great Depression

February 19, 2008

Continued foreclosures, the credit crisis, and a looming economic recession are fueling one of the largest community changes ever to hit your neighborhood, vacant houses. Empty houses for sale are popping up in all major communities and no one is immune to their affects.

The Census Bureau recently reported home vacancy rates rose to 2.8%. The home vacancy rate is the number of homes for sale that are sitting vacant. This is the highest vacancy rate since the government began tracking vacancy home rates in the 1960’s. Mark Zandi, chief economist at Moody’s Economy.com stated “this could be the highest vacancy rate since the Great Depression”.

Some cities like Cleveland are getting hit hard. Nearly 10% or 12,000 houses are sitting for sale and are vacant. Other major hit areas are in California, Nevada, and Florida. Most of the states with the highest vacancy rate can be contributed to speculator building by home builders and poor investment buying by real estate investors.

The high vacancy rate is getting the attention from many local governments across the U.S. The major reason is vacant houses depress even the greatest neighborhoods. When vacant houses exist in a community, vandalism and crime increase. Another reason many local governments are taking a look at the vacant house issue is the cost to maintain the houses.

When there is a vacant house that is abandoned by its owner someone has to maintain the property and that happens to be the local government. That is your tax money paying to have the lawn cut, the trees trimmed, the windows boarded up, and the pool drained. Vacant houses also decrease the property values of homes in the same neighborhood.

So next time you see a vacant house in your neighborhood while on your drive home from work, know that you will be affected. This vacant house is steeling your tax money, and decreasing the value of your house.

So what can you do to solve the vacant house problem in your neighborhood, get involved. If you know of someone who is getting behind on their payment and thinking of abandoning their house, get them help. Have them contact a local real estate investor or home buyer to determine their selling options. Have them call their mortgage company and try to work out a new loan with their bank.

If you see an empty house in your neighborhood, contact a local home buyer yourself. Local home buyers will track down the owner of a vacant house and buy. They will then fix any issues with the house and sell it to someone wanting to live in a great home. Local real estate investors are very savvy when it come to real estate. There are many ways homes can be purchase even if they are in foreclosure or have no equity.

Besides taking 2 minutes of your time to contact a local home buyer about an abandoned house in your neighborhood could make all the difference in your homes value when the time comes for you to sell.

2 Comments | Boise Idaho Real Estate - Sell My House, Home Buyers, Maryland Real Estate, New Jersey Real Estate - Sell My House, Sell My House, Sell My House In Boise, Sell My House In Maryland, Sell My House in New Jersey, Stop Foreclosure In Boise, Stop Foreclosure in Jew Jersey, We Buy Houses Nation Wide | Permalink
Posted by Shaun G.

Sell Your House Fast Needed Tips

February 10, 2008

When a person finally makes the decision to sell their home for whatever reason, one of the things that is most heard is “I want to sell my house fast.”  This is understandable.  Leaving behind a home you have lived in for a time is not easy, even if the decision to sell has been made for positive reasons.  It takes more than just a wish to help sell your house quickly; it takes commitment to a few simple rules.  To help you realize your goal, here are a few things you can do to make sure your have the best chance of your home selling. By following these, you will help convince a local home buyer to make an offer.

Tell yourself, “I will sell my house fast by de-cluttering”.  This may seem unnecessary; after all, you will be packing after you sell the house.  However, a house can be clean and still appear unappealing to a home buyer if there is a lot of clutter.  The house will appear smaller.  Taking the time to empty off bookshelves, pack knickknacks and clean off counters and tabletops will make these areas appear more open and thus allow each area to appear bigger.  This also enables a buyer to picture his or her own belongings in that space.

Tell yourself “I will sell my house by emotionally letting it go”.  Take the time before you show your house to take down all pictures.  Leaving the walls blank will allow a potential home buyer to picture his or her own art on the walls, making it appear more appealing.  Go through and pack away any family photos and items with sentimental value.  This will allow you to sell your house, not your home.  It is easier to sell a building than a place that is full of memories.

Tell yourself “I will sell my house quicker if I make minor repairs”.  Go through your house and look around objectively.  Repair any cracks and holes.  Repainting all the walls a neutral color will also help allow home buyers to see each room as they would like it to appear.  You may love your purple bedroom, but people looking for a new home may prefer blue or green.  Make sure all light bulbs are working, all leaks are fixed and all doors are in good repair.  When the minor things are taken care of, the house will look more appealing to potential home owners and they will make an offer.

Curb appeal is also another item that should be on your list to complete before selling your house. Go outside and look at how your house appears when you approach it.  You want potential home buyers to feel it is worth entering.  If paint is peeling or the house looks neglected, they will not even come inside and you have now lost a potential sale.

By implementing a few tasks you will have a much better chance of your home selling quickly rather than sitting on the marketing. This will allow you to feel in more control of the situation. When homes sit on the market and do not receive offers in the first few weeks you will have to drop your asking price, and no one likes to do that.

If you do not have the time or do not want to put in the effort of getting your home ready to sell you could always sell your house to a local real estate investor. Many people are not aware that real estate investors exist in every major city in the nation. They buy houses from people in all kinds of situations. Divorce, foreclosure, bankruptcy, relocation, inheritance, 100 percent financed homes, ugly homes and pretty homes.

If you need to sell your house quickly and do not have the time or money to deal with selling your house to picky buyers then contact your local home buyer. They will give you a free offer on your home and you have no obligation to accept it.

1 Comment | Boise Idaho Real Estate - Sell My House, Home Buyers, Maryland Real Estate, New Jersey Real Estate - Sell My House, Sell My House, Sell My House In Boise, Sell My House In Maryland, Sell My House in New Jersey, Stop Foreclosure In Boise, Stop Foreclosure in Jew Jersey, We Buy Houses Nation Wide | Tagged: , , , , , , | Permalink
Posted by Shaun G.

Walking Away From Homes Becoming Common

February 6, 2008

With the real estate market taking a steep decline, it is obvious to everyone home prices have declined. You either know someone who is going into foreclosure or is starting to fall behind on payments. You could know a friend, coworker or even a family member who is in default on their mortgage.

Many people purchased houses at the peak of the market or purchase houses with no money down. No their mortgages are adjusting and they can no longer afford the payments. The down turn in the real estate market has not helped either because now they owe more for their house that what it is worth.

With more and more people loosing their house to foreclosure the option of just walking away from a house that will not sell is becoming more accepted. Just this week I met a real estate investor who is walking away from 2 houses he purchased at the peak of the market. I also met a family who purchased a 3 bedroom, 2 bath, middle income home in a nice neighborhood who thought their only option was to accept foreclosure and walk away from their house.

If you own a house and have a larger mortgage balance that what it is worth you do have options. If you have a house with mortgage payment that you can not afford, again you have options. Do not make the mistake of walking away from your house, even though you may know someone who walked away from theirs.

If you need to sell your house fast to avoid foreclosure you have selling options. My advice is to contact a local home buying company who specializes in creative real estate transactions. A local home buying company can conduct a short sale or lease option your house at no cost to you. Your lender does not want your house back. They are in the banking business no real estate.

Local home buying companies negotiate with your lender to accept less than what you own on your house. They then purchase your house from you so you can get on with your life.

Bottom line: Walking away from your house leads to bad credit that will follow you for many years to come. Working with a local home buying company could allow you to sell your house fast, keep your credit and at no cost to you.

Leave a Comment » | Boise Idaho Real Estate - Sell My House, Home Buyers, Maryland Real Estate, Rent To Own In Jew Jersey, Sell My House, Sell My House In Boise, Sell My House In Maryland, Sell My House in New Jersey, Stop Foreclosure In Boise, Stop Foreclosure in Jew Jersey, We Buy Houses Nation Wide | Permalink
Posted by Shaun G.

How Decorating Helped Me Sell My House Fast

February 2, 2008

When a person first sets out to sell their house, one of the first things you hear is “I want to sell my house fast.”  People will work on cleaning and repairing until they are exhausted.  These things are important, but a much over-looked strategy that will appeal to local homebuyers is the use of psychological decorating. 

To help me sell my house fast, I had to first decide on whom I wanted to target.  Local homebuyers can be divided into first-time buyers and buyers who are seeking to move into a larger house.  You may also want to take into account the income of your local homebuyers.  When using color to sell my house fast, I kept in mind that people who have higher educations and more income are often attracted to colors that are not easily defined, these are called complex colors and come in names like brick red and sage green.  First time local homebuyers are likely to be attracted more to simple colors such as yellow with blue or green trim.

When trying to sell my house fast, I also took into account that yellow houses seem to sell faster according to studies of local homebuyers.  Yellow appears warm and friendly.  This helps local homebuyers feel two of their home needs, comfort and connection, are taken care of.  Now, if your house is not yellow, that is no reason to panic.  Wanting to sell my house fast, I next did some research further into color psychology.  You don’t want to spend extra money at this time unless it will help sell your house.  Painting, both outdoors and inside can meet this need. 

Wanting to sell my house fast, I considered how I could make local homebuyers feel comfortable and good about the house.  Two colors can be dull and predictable, but add a third or fourth color in small amounts will help give the impression of fun and happy.  This will draw in local homebuyers at a higher rate.  It adds yet another advantage.

Local homebuyers will want a house that speaks of security.  Having four colors on the exterior enabled me to use only those colors inside, in various combinations.  Instead of plain white walls, which often appear too sterile and would have defeated my purposed to sell my house fast, I was able to use muted variations of the colors from the exterior.  Using a slightly tinted paint on the walls makes it appear more cheerful.  Color says happy and this appeals to local homebuyers.  Think pastel shades here.

I then started to think about individual rooms and what I could do to them to help sell my house fast.  Think about the function of each room.  Kitchens are often the family meeting place.  Many people automatically think of yellow in the kitchen, it will give the feel of happiness.  Bedrooms need to appear restful so pastel greens or blues will help with that impression.  Bathrooms are the only room that plain white will appeal to local homebuyers.  White says clean and sparkling. 

Following a few of the hints above will enable you to say “Color helped me sell my house fast!”

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Posted by Shaun G.

Home Prices Decline at Record Pace – Sell My House Now

February 2, 2008

House prices in 10 major cities across the United States declined 6.7 percent. December marked the largest home price drop since 1986. That is the year home price data started being collected.  

This is adds to the recent data proving the real estate market is a world apart from 2 years ago. The major issue with home prices continuing to drop is how it affects home buyer confidence.

When people buy a new home they want to be confident their house is not going to loose value after purchase. Given the current consumer confidence in real estate some areas of the country are struggling. The demand for new home purchases has almost hit a stand still. Home buyers are waiting on the sided lines until they see the real estate housing market has hit bottom. Once home prices stabilize home buyers will fill confident to purchase houses again.

In Cities like Boise Idaho new home purchases have almost completely stopped. In October there were 1,567 new construction homes on the market for sale. Only 153 houses sold in the same month. That means it would take almost a full year to sell all the new construction homes on the market, and there are more being added every day.

The decrease in real estate value has affected many home owners. Two years ago people were purchasing homes in hopes they would go up in value and then the home owner would sell for a profit. Now that house prices are declining many home owners are realizing they are 100 percent financed and can not afford the home they are in.

If you are in a home you can not afford I would suggest selling now rather then later. Home prices continue to decline each and every month. Some cities are not expected to stabilize until the middle of 2009. If you need to sell fast to avoid foreclosure contact your local real estate investor in your area. Local real estate investors are fluent in real estate law and can purchase your house fast. This will allow you to save your credit and possibly some of your equity.

Leave a Comment » | Boise Idaho Real Estate - Sell My House, Home Buyers, Maryland Real Estate, Sell My House In Boise, Sell My House In Maryland, Stop Foreclosure In Boise, We Buy Houses Nation Wide | Permalink
Posted by Shaun G.

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. 

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Posted by Shaun G.

Even Millionaires Face Foreclsoure

January 13, 2008

What Does Pop Superstar Michael Jackson Have In Common With 108 Local Charleston Homeowners ?
If this question was asked by Alex Trebek, the long-time host of the popular American television quiz show “Jeopardy” it would most likely stump even the sharpest contestant. No, unfortunately, the answer is not:  “Party like a rock star!” To use the vernacular Jeopardy terminology: “What is Foreclosure?” 

Even millionaire superstars like Michael Jackson are not immune to the current mortgage problems .That’s right …”THE” Michael Jackson, is just weeks away from losing his famous Neverland Retreat to foreclosure unless he can come up with $23,000,000 (plus $212,963 dollars in back payments, interest, penalties, and attorney fees!) Jackson, who has not lived in his Neverland property since his acquittal on child sex charges in 2005, has resources, investments and even other homes that he could use  to stop the foreclosure process…unlike the 108 local Charleston, Berkeley and Dorchester County homeowners who are uncertain as to what their next step will be. 

While some of the properties that are going to the foreclosure auction belong to investors who were unable to continue paying increasing adjustable rate mortgages or could not  keep paying tenants in their properties, many of the homes belong to folks who tried for months to sell, and blamed the economy, the market , the Realtor, everything EXCEPT the fact that they were simply asking too much for their property. 

If you are in facing foreclosure, have no equity, going through a divorce, have two house payments, tired of dealing with rentals or just plain tired of the stress, one option is to find a local home buyer in Charleston that specializes in buying preforeclosures . Local home buyers can help you sell your house fast and avoid the side effects that can follow you for years!  Sell my house fast to a local home buyer. But what about the other hard working South Carolinians who live paycheck to paycheck and want to keep their homes from being foreclosed on?  

As most people who have suffered through the foreclosure nightmare in Charleston learn…it’s not about “Location, Location, Location”…it’s about TIMING…and when your lender is suing you, you need to learn as much about timing as you can: for example, there are 16 steps in the foreclosure process in South Carolina and most Charleston homeowners in foreclosure do not :  

  1. Know where are they in the process?
  2. Know how much time is REALLY left?  
  3. Have access to the resources, advice, and assistance that people of wealth like       

Michael Jackson has at his disposal . Even more frustrating is the fact that some of the homeowners who are facing foreclosure and eviction in the next few weeks do not even realize that the attorney who filed the “Notice of Default” works for the Lender, not them…and almost none of them are aware of the nine (9) options that most lenders hope they never find out about. 

If you are in a situation like this and would like to learn the nine  (9) options before you run out of time and your house is auctioned on the courthouse steps, contact your local Charleston affiliate at ExpertHomeOffers for a FREE, Confidential, No-obligation consultation.

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Posted by Shaun G.

Home Prices Decline at Record Pace – Sell My House Now

December 29, 2007

House prices in 10 major cities across the United States declined 6.7 percent. December marked the largest home price drop since 1986. That is the year home price data started being collected.   

This is adds to the recent data proving the real estate market is a world apart from 2 years ago. The major issue with home prices continuing to drop is how it affects home buyer confidence.  

When people buy a new home they want to be confident their house is not going to loose value after purchase. Given the current consumer confidence in real estate some areas of the country are struggling. The demand for new home purchases has almost hit a stand still. Home buyers are waiting on the sided lines until they see the real estate housing market has hit bottom. Once home prices stabilize home buyers will fill confident to purchase houses again.

In Cities like Boise Idaho new home purchases have almost completely stopped. In October there were 1,567 new construction homes on the market for sale. Only 153 houses sold in the same month. That means it would take almost a full year to sell all the new construction homes on the market, and there are more being added every day. 

The decrease in real estate value has affected many home owners. Two years ago people were purchasing homes in hopes they would go up in value and then the home owner would sell for a profit. Now that house prices are declining many home owners are realizing they are 100 percent financed and can not afford the home they are in. 

If you are in a home you can not afford I would suggest selling now rather then later. Home prices continue to decline each and every month. Some cities are not expected to stabilize until the middle of 2009. If you need to sell fast to avoid foreclosure contact your local real estate investor in your area. Local real estate investors are fluent in real estate law and can purchase your house fast. This will allow you to save your credit and possibly some of your equity.      

Leave a Comment » | Boise Idaho Real Estate - Sell My House, Home Buyers, Sell My House In Boise, Stop Foreclosure In Boise | Permalink
Posted by Shaun G.

Rent to Own In Charleston South Carolina – Rent to own By The Numbers

December 20, 2007

Are you tired of paying rent and want to own your own home? Not sure how to go about it? Who do you talk with? What do you need to do first?

In many respects, buying a home in Charleston South Carolina is all about the numbers, and to be more specific, if you have credit problems, are self-employed, or  do not have a big down payment, you need to know the game of numbers.

How much house can your afford?

What will your down payment be?

What is the monthly payment for a new house in Charleston?

What interest rate will you really receive given your income and credit history?

Knowing your numbers can often be the difference between making your landlord more rich in 2008 or owning a new home.

Let’s look at a few numbers that will definitely help you understand your feasibility of buying a new home:

$60,000- The amount of your hard earned dollars that you have spent over the last 5 years if you have rented a house or apartment at the rate of $1000 month. ($1000 X 60 months= $60,000)

                   

10,849 – The number of houses that are available for sale in Charleston SC on the Multiple Listing Service, For Sale By Owners, etc.

 650 plus – The average credit score number that you need to have to buy one of the 10,849 houses for sale, in today’s ultra-strict, topsy-turvy mortgage lending environment. In fact I met a Lt. Col. this week with a 715 beacon score that was turned down for a mortgage. 

147 – The average number of days that it takes to find your new home, make an offer, get a counter offer, accept/ratify contract, apply for a loan, have your mortgage company approve your financing, set your closing date, sign the closing documents, and move in your new house in Charleston. 

5% – The percentage of the sales price of the home that the average homeowner needs as a down payment in today’s market. (5% X $150,000 home = $7,500 down payment)   

67% – The number of potential home buyers in Charleston, South Carolina who cannot qualify for a loan from a mortgage company, bank, or credit union but want to purchase a new home.

1576 – The number of first time Charleston homeowners that were turned down for a mortgage by mortgage lenders, banks and credit unions who have tightened their lending requirements.

29 – The number of houses available in Charleston, S.C. that you can rent-to-own, lease purchase or have the owners finance with no bank qualifying and no credit check, even if you have already been turned down by a lender.

247 – The number of home buyers who have contacted us in the past 10 days what want to purchase a new home.

What is the lesson these numbers can teach you?

There is one clear lesson that you can take from the South Carolina real estate numbers. If you are looking to buying a new home, have perfect credit, a big down payment, great employment history and a fairy tale life, you will have no problem purchasing one of the 10,849 houses available.

If you been turned away by a mortgage company, are self-employed, have gone thru a divorce, have been through a foreclosure, are new to your area, do not have great credit, or worse, no credit at all, looking at 10,849 houses that you can not get financing for is not the best way to make the numbers work in your favor.

There are companies that understand your frustration and can help. Local rent to own companies understand the numbers you are faced with, and they can help you buy a nice home in a nice neighborhood in the fastest and most convenient manner. Your local rent to own company consists of professional real estate solution providers who are the answer to your prayers. If you want to buy a new house contact your local Charleston rent to own company because there is no cost involved, so there is nothing to lose.

Leave a Comment » | Rent Own Own In Charleston, Rent To Own, Rent To Own In Boise Idaho | Permalink
Posted by Shaun G.

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