More Sell My House Tips For Sale With Owner

June 19, 2008

Clutter can be a house selling nightmare. Show off how large and beautiful your home is. Even if you dont have a lot of space, you dont want to send the signal to future buyers that you dont have enough storage by putting your clutter everywhere. If you need to, put boxes and things in the trunk of your car or ask a friend who has room if you can leave a few things at his/her house for a few months.

At the worst, you might need to rent a small storage space. Although most homeowners would balk at the idea of renting a storage unit while selling their home, removing the junk and clutter can have a huge impact on your home-selling possibilities. If your buyers cannot see the walls, they can’t appreciate the little things that helped to sell your house to you in the first place.

Another sharp tip to selling your home faster is by organizing your closets. Nothing distresses buyers more than opening a closet that is packed and messy. It sends the signal that you cannot find room for your own clothes so how will they? Try to put your clothes and things in boxes and hide in the attic or in another closet to make the closets appear larger. Buyers want storage space.

If you are really thinking how can I sell my house. The best option is to contact a local real estate professional online to recieve a free, no obligation offer. It takes one minute to complete the online form and you can expect to receive an offer within 24 hours. These are professional home buyers who buy houses quickly from all kinds of people in all kinds of home selling situations.

Put away knickknacks, family pictures and other sentimental things to avoid drawing your buyer away from the home to look at your pictures. You want them to picture themselves in your home so that they will buy it. Although it might seem harsh to put away family pictures for the entire time that your home is on the market, but it can help your buyers see what they want a new home for themselves to create memories.

Do your walls need a fresh coat of paint? Interior paint purchases can be a wise move for homes whose walls have dulled. You might not even realize how much your walls have faded over the years until you put a fresh coat of paint on. Grab some friends and towels to cover the furniture and floors and get to work on putting a fresh coat on. You’ll be amazed at the difference.

Now that you have tackled the walls, how are your floors? Do you need to replace cracked tiles or chipped floors? Take the time to make the changes now in order to sell the property faster in the future.

Bathrooms and kitchens are huge selling point and there is nothing worse than seeing someone elses grim in your future bathroom. Kitchens and bathrooms need to shine brilliantly if you want the home to sell, including grout cleaning, fresh paint, clean appliances and scrub the tub or shower floor until it gleans.

These little tricks can go a long way in renovating and improving your home. Best of all, they don’t cost a ton of money, but will make your house stand out from the competition. Implement some of all of these tips and you are on your way to a faster home sale.

However, if you do not have the money or do not want to put the effort into fixing up your home and putting it on the market you can always receive a free offer from a professional local home buyer. They exist in every major real estate town and you have no obligation to accept their offer. You can sell your house quick for sale with owner and have no real estate costs.


How You Are Affected By The Foreclosure Next Door

June 11, 2008

Your neighbor is facing a foreclosure. Not your problem, right. Think again. If you have a foreclosure in your neighborhood even if you are not struggling to pay the mortgage in your own home, it can spell trouble for your property. If you think the foreclosure crisis spells bad news for a number of individuals, but will have no impact on you, you are wrong. There are a number of reasons you should help your neighbor avoid foreclosure is you can.

Millions of Americans are losing their homes, but the impact is that these neighborhoods are drastically changing. If you live in a neighborhood that has seen a number of foreclosures, your property values could be at a standstill or worse dropped significantly. In addition, neighborhoods with heavy foreclosure statistics have been proven to see more vagrants, drug dealers and prostitutes as these people take advantage of the empty buildings. As more and more homes are seen to be empty, their friends pass along the word and the neighborhood will go downhill. This is just another reason for you to help your neighbor stop foreclosure.

When your neighbor has a foreclosure and the house is vacant, it is a welcome mat for vandals. Thieves love to frequent foreclosed homes, stripping copper wires, plumbing, carpet and more valuable items from the home, leaving it even more of an eyesore. All neighbors can do is watch helplessly as their neighborhood becomes less desirable to live in. In addition, broken windows and overgrown lawns send a clear signal that the neighborhood has fallen on bad times and that message will include your home. Inner city problems like graffiti and drugs will enter the empty buildings and have a stronger influence than the rest of the well meaning neighbors.

As foreclosures spike, gang activity and crime accompanies the problem hand in hand. Studies have shown that for every 1 percent increase in foreclosures, there is an associated and accompanied 2.23 percent increase in violent crime and problems. There have been numerous examples of the impact of foreclosures on such cities as the hard hit Cleveland, whose Slavic Village had troubles with foreclosures over a decade ago. Las Vegas, Jacksonville Florida, Miami Florida, Orlando Florida, Stockton California and many other area will feel the same changes.

The foreclosures from high cost loans transformed the middle class neighborhood to a series of empty eyesores, encouraging crime, vagrants and drugs. As the quality of life disappears, so do the prices on the homes, trapping existing neighbors into a lower value home in a decreasing neighborhood. More and more homeowners feel the impact of the foreclosure tidal wave.

Roughly 3 percent of all homeowners are thought to go into foreclosures by the end of 2009. However, from this small 3 percent, 43.5 percent of all homeowners will feel the impact of foreclosure crisis. This means that nearly 40 million homeowners will see their home values plummet in the next two years due to foreclosures. For each home, that is an estimated loss of 8,771 dollars. This is a significant loss and provides a definite tangible effect on the economy as many homeowners have the majority of their portfolio in the equity of their home. If the neighborhood is in a state that is more likely to experience a foreclosure, the financial depression can be even worse, making the average loss drastically higher, no matter what the other homes are doing.

So what can you do to help stop the foreclosure crisis affecting your neighborhood. The first thing you can do it talk with your neighbor openly about the issue. Let them know that you are a helping friend and are willing to help with their financial crisis. I do not mean by paying their mortgage but by finding a home buyer for their property. After all if you find a buyer the home will not go vacant and your home value will not go down.

Help your neighbor or friend who is facing foreclosure and thinking how can I sell my house, by getting them in contact with a professional real estate investor who buys houses to stop foreclosure. The fastest way to contact them is by typing the words Local Home Buyer into Google and completing some online forms. You will be connect with a local home buyer in your neighborhood that will give you a free offer on your house at no cost or obligation, so you have nothing to loose.


How Forclosures are Affecting the Rental Market – Stop Foreclosure Fast

May 31, 2008

As more and more foreclosures are being seen in the marketplace, more and more coverage is being spent on the homeowners losing their homes. However, the analysis on the impact of foreclosures shouldnt stop with the homeowners. Foreclosures have long term effects both financial and culturally. As more and more people are losing their homes, fewer individuals are able to leave their rental apartments to invest in a home of their own.

What happens to the rental market when it is saturated with former homeowners who have lost their houses to foreclosure becuase they can not sell thier house, as well as individuals who are too timid to step out to purchase their new home. And the worst case scenario of all, what happens to renters whose landlords miscalculate and lose their property and the renters lose a place to call home.

The rise in foreclosures hasnt been beneficial for renters. Although initially, it might seem as though renters have a safe enclave from the perils of foreclosure, many renters are stuck right in the middle of the dilemma. More and more individuals, couples and families have to compete for affordable, low cost rental space as a result of the foreclosure increase.

In addition, when the property they are renting from becomes a foreclosure, the individual, couple or family finds themselves suddenly homeless through no fault of their own. The emotional impact of this sudden loss of home can be tremendous. Nearly 20 percent of all foreclosure homes are investor owned rental properties. That means that one in four foreclosures involves renters who are immediately forced to move. Many of these foreclosed rental properties are occurring in low income and minority communities, influencing neighborhoods that are already dealing with economically vulnerable individuals and families.

The number of renters has increased drastically over the last year. Renters are up by nearly 1 million, which is more than four times more than the growth rate between 2003 and 2006. The demand for affordable, low cost housing has significantly increased, but the supply of these low rent homes is decreasing.

Currently, studies are showing that nearly half of all rental families are contributing 30 percent of their income to their housing, while one in every four families were putting 50 percent or more of their income towards their rent and associated costs. The economic impact of these families spending the majority of their incomes on rent cannot be underestimated. If these families were living in low cost, more affordable housing, the stability and overall economic stimulus would improve.

However, the renting landscape is not thoroughly grim. Due to a weak housing sales market, more and more homes, condos and units are being put on the market as rental properties instead of sales. While the debate still exists as to whether these rental properties offer the low cost housing options that are needed on the market, the availability of more and more rental properties assumes that the situation will be alleviated to a degree. No matter what, however, the foreclosure increase is showing an impact for renters as well as homeowners alike.

If you are an investor and own a home that you are going to loose to foreclosure you have options. There are ways you can stop foreclosure fast and save the little equity you have in your investment. To sell your house and receive a free offer for your investment property, contact your local home buyer. They exist in every major metro area and you can sell your house fast.


How Inflation and the Dollar are Hurting Your Chances to Sell Your House

May 14, 2008

Paying a mortgage bill is one of the largest monthly bills the average family faces. When the economy dips into a recession, the mortgage payment can seem increasingly daunting. Our current economic situation couples the recession with increasing gas prices and a falling dollar. What does this mean for your mortgage interest rate, your monthly payments and your house value?

Currently, Fannie Mae is allowing some homeowners to refinance their house if they owe more than what their house is actually worth. How could they have gotten into this situation? The answer is interest rates and the decrease in the value of houses. If the interest rate on the mortgage was variable or subprime, the interest rate and consequent mortgage payments can jump vastly higher than what the actual value of the house is worth. Also in almost all major cities across the nation home prices have dropped, meaning now homes have mortgages that are higher than the value of the house. This move by Fannie Mae is significant because in essence, it means that Fannie Mae is willing to take some loss on the current mortgage loan situation for some homeowners rather than let them default and lose their home entirely.

This move by Fannie Mae may help people in many areas in the nation. Cities like Las Vegas, Stockton California, Detroit Michiga, Boise Idaho and others have seen a dramatic decrease in home prices. The bad news is not all home owners will quialify for the refinance help. In order to qualify you have to meet standerds like good credit, have an certain type of existing mortgage and that mortgage had to be put in place at a certain time.

Homeowners and new home builders are in a pinch. Census data seems to have underestimated the number of new homes that have not been sold and foreclosure rates are steadily climbing. In addition, the inflation rate is growing. This pinch on the everyday homeowner can be significant, causing some homes to question whether they can survive during this treacherous time to keep their home through this recession. With the falling dollar in the market, investors are pulling funds from national banks and putting their money abroad, causing national banks and investments to feel the pinch as well. Mortgage rates are unlikely to spike any time soon, but even a small increase could spell bad news for those homeowners just holding on to making their payments on time and avoiding foreclosures.

What else could possibly affect our mortgage interest rates and the housing market overall? The weak labor market plays a large role in the housing market. The economy is in a virtual hiring freeze, while some companies have already started laying off workers. Job loss has always precipitated trouble in the housing market. In addition, overall job loss in the community makes workers and homeowners scared, limiting the housing sales. Any time the general feeling is to hold onto the house you have instead of try to sell it or take on a larger mortgage payment, we are experiencing a weaker housing market. As employers and workers feel more confident about their employment possibilities, the housing market will improve as well.

Interest rates will be dictated by the Federal Government. In early May 2008, the Fed cut the interest rate, which pushed the 10-year treasury rate up. The 30-year mortgage rate follows the treasury rate, so an increase in the payments due would have accompanied this move in the financial sector. In general, homeowners and workers are trying to maintain what they have instead of pushing to take on something new and stagnant movement like this can spell trouble for mortgage rates.

If you are in a financial situation and thinking how can I sell my house fast, then contact your local home buyer. Every major metropolitan area has professional home buyers that help solve home seller problems. They help people avoid foreclosure, with short sales, sell because of divorce, cash out of investment properties, or sell if you have no equity. So contact your local home buyer and receive a free offer for your house, you have nothing to lose.


Housing Prices Will Rebound in 2009 – Can You Wait To Sell Your House?

May 5, 2008

The real estate market peak, summer 2005 was a great time to be selling a house. All you had to do was post a For Sale sign in the front yard and you could expect multiple offers within days. Many times you would receive offers from individuals searching for homes FSBO and also offers from home buyers who had representation by a real estate agent.

Well summer 2008 is just around the corner and the real estate market is very different from three years ago. If you take an afternoon walk in any major subdivision you will see real estate for sale signs lining the front yards of houses like mail boxes. In cities like Las Vegas, Nevada, Stockton, California and Detroit, Michigan you will be lucky if you find a house with out a for sale sign. These are the cities that have the largest declines since the market peaked in 2005.

So how long will it take for the real estate market to rebound? Real estate economists estimate that home building and prices of existing homes will not stabilize and start to increase until the middle of 2009. This corresponds to the history of real estate cycles. If you research real estate cycles you will find that they typically last 3 to 5 years. That is 3 to 5 years for the real estate market to go down and hit market bottom, and 3 to 5 years for the real estate market to rebound and hit a new peak.

If you own a home and can not afford to hold out for another the real estate cycle then you may be wondering, how can I sell my house now? Well, you are not alone in this predicament. With home buyers waiting on the side lines for home prices to bottom out you will have a hard time selling your home now. There is one way to sell your house if you are very motivated to sell.

You can sell your house to a local we buy houses company. They are basically local entrepreneurs who make a living by owning real estate. They are very knowledgeable in real estate and solving complicated home selling issues. If you are going through a divorce, need to stop a foreclosure, sell your house before your bank takes your property, or if you home is 100 percent financed and you have no equity, they have a home selling solution.