Educated Sellers

If you want to sell your house fast but are unsure of how to go about it let me offer some help. First off why do some folks need to sell quickly? At times its situations like these; it can be foreclosure, or bankruptcy.

Often however its not, usually we have seen that most houses which need to be sold quickly are from heirs who have received the house from a trust or from a late or former family member.

Many times the house has deferred maintenance. Deferred maintenance means the routine house maintenance or upkeep has been omitted over the years. What has become usually a few hour job on one task, has now turned into work that takes several days to weeks at a fairly great expense to repair.

Many of the houses we buy are 20-30 years old, not always but more than not. In addition to normal maintenance work needed, they house may need to be renovated or what we call “brought into this era.”

By this we mean frequently the kitchen cabinets, appliances, flooring, doors need to be updated. At times there is a lot of clutter and debris that needs to be removed from the house as well. Usually this means contracting for dumpster and putting it out front. This makes it easy for debris removal and old fixtures discarded.

Now back to you the seller(s)!

So who do you trust, what do you look for in someone, usually an investor to buy your house and solve your problem you have been left with? Investor longevity we call it in the business. Look for someone who has been around for at least five years.

Secondly, see if they have testimonials of satisfied customers, this is very important to read and see how many they have. I would check the Better Business Bureau for any complaints, how many, and if there are complaints do they sound legitimate? If there are complaints ask your prospective investor about them, what happened, and how it was handled.

Thirdly how do the investors sound over the phone when you talk to them? Are they professional, and do you get a good feeling from them? Do they tell you what you want to hear or what you need to hear. Simply put do they sound honest? At time sellers ask, why do investors need to buy at such a discounted price. Let me address this for you.

To buy your house with cash (meaning no loans) on the spot and close in say 4-5 business days is a risk, and it’s not easy to find someone who can actually do this.

Few business people and investors have this kind of money and they charge for it, reason being it is a huge risk. If after they close on the house the investor finds foundation, roof, electrical, or major plumbing repairs they own it and they have to fix it. Secondly to give a seller $50,000.00 or $200,000.00 or so in a few days is just the beginning for the investor.

The person buying your house now needs to hold it for some 3-6 months while it’s being renovated. At the same time additionally pay for the renovations. Then pay for the realtor to list it. Rarely will a professional investor sell it themselves. They leave that up to the realtors. A few of the very seasoned investors sell it themselves but many do not.

More on this topic will follow but for now we hope this has been helpful and if we can do anything to help you call us today. “It’s what we do!”

Bill Guerra

Proprietor

702-265-3405