Wholesale Real Estate Coaching: When you buy property you will do what is called a final walk through just before the closing. It is not an inspection or a time to discuss repairs and conditions with the seller. It is simply a way to be sure that the property is as described in your sales contract and that nothing has been removed, added, or changed that you did not authorize. It just gives you one last look before you go through the final signing. If you had previously negotiated repairs or replacements with the seller this is the time when you can take a look to see if those conditions have been met.

You may be feeling comfortable with the whole sales process and wouldn’t mind skipping the final walk-through. Don’t do it as you could be getting into something that you didn’t expect and it will be too late once closing has taken place. Vacant homes are important to inspect because there are all sorts of things that can happen when no one is around to report it or do something about it. Occupied homes are important to inspect before closing because the seller can often tell you about something you might want to change to improve.

Talking to the owner often gets you good information because they know you will be buying the house, so they are willing to tell you about features that were inconvenient or difficult and that you might want to change.You can also ask the seller to share contact information with you so you can send them any mail or other items they may leave behind. This kind of meeting is not always possible as the seller is usually gone by this time or perhaps not interested in meeting the buyer, but if it happens, it should be a good meeting. Recognize the rare opportunity and take advantage of it. You might ask what the seller would have liked to change about the house if he had stayed.

When you do the walk through turn on all of the lights. Switch on every light switch. Test every appliance to see that it works. Turn on water from every faucet. Check the sinks for any leaks underneath. Open and close the garage door. Flush the toilets. Open doors. Close doors. Check out the ceiling and walls. Turn on the air conditioner. Turn on the heater. Basically, you’ll be checking to see that everything is ready to go for you to move in or rent it out.

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Sell House Fast - Youngsville LA: You are selling your home but must move out of state in a few weeks. Your cousin and an aunt will each be showing it for you and they live on separate ends of town, making it difficult for them to share a key. You could just get an extra key made, but you would also like to have the option of letting a real estate professional take someone through it if they find a possible buyer. The solution would be a lockbox.

The lockbox is secured to the front door handle and contains a key to the house. The people who will have access to the house must be able to get in without someone coming over to let them in. You also have a trusted friend that is going to replace the carpet for you when he gets around to it. Once again, the lockbox is the answer. You can use the type with a combination that opens the box, revealing the spare key that can be used, and then replaced when finished, locking it back into the box until next time.

This is the older way of doing things, as the new way involves an electronic key that isn’t really a key at all. It’s more like a card that opens a hotel room. It might also involve a code programmed into a cell phone that works with an infrared sensor in the box. In that case you can even set the hours at which you want people to have access to the house. The box won’t open for anyone outside of those hours unless you reprogram it to.

Leaving the key in a lockbox sometimes seems a little silly when you are really after keeping out burglars, vandals, and kids. Well, here’s big news for you. All they have to do is knock out a window or break in otherwise to access the vacant house. It’s a good idea to have an alarm system that you can give the code to those you want to enter the house. This way the house will be protected from break ins whether you have a lockbox or not. Lockboxes really only keep the honest people honest if you think about it. Real estate agents use them for MLS houses that may have a hundred agents wishing to show the house. That makes more sense than using a lockbox for an individual selling his or her own home.

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Sell House Fast - Euless TX: Often a buyer would love to buy a house but something blocks the way, frustrating both the seller and the buyer. Since it’s hard to sell a house today, if you have someone willing to buy yours you may be able to help solve a problem they have that’s keeping them from going forward with the purchase. It might be something you can help with.

Instead of giving up, talk to the buyers to find out what the problem is if they are willing to share that information with you. If it’s a matter of qualifying for a mortgage loan you may be able to help them. If the conditions are just right and you are able, you might be able to owner finance at least for a few years until they can manage to get a regular loan. Many buyers that could easily qualify just a few years ago are having a terrible time getting loans now that the banks have tightened up their lending practices. The interest rates are low, the home prices are low, and this is the perfect time to buy, but perhaps their credit score needs a few more points to satisfy the lenders.

If you can check out the buyers thoroughly and see that they have solid income sources and decent credit, along with good rental history and backgrounds, you can consider helping with the problem. This could just be of help to you both if you need to sell the house. Many homeowners that own their homes outright are willing to do this because they can simply repossess the house if the buyer defaults, and then put it back on the market. A contract that gives the family a year or two to continue cleaning up their credit until they are able to qualify for a conventional loan might be the chance they need to gain homeownership.

Your house will be sold, you will be collecting a lease/option or rent to own type payment on the house every month, and you will expect to receive the lump sum payment when they are able to qualify for the loan to make the purchase. Many homes are sitting on the market for two years these days, so why not sell your house on a lease/option contract and give someone a chance at home ownership? You will still get the benefit of a sale in a few years and collect on the lease every month in the meantime.

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Sell House Fast - Union County PA: Home buyers have been educated not to buy short sale homes, as they will most likely not get a great deal. They should go for a foreclosure or negotiate a good deal with a homeowner selling for traditional reasons and selling by owner instead. Why? Because the short sale is not necessarily going to be a good deal.

In many short sales, the lender will be paying the closing and other costs and will therefore want the buyer to purchase the house as it sits. That means the lender will not agree to do any repairs or replacements and the seller, being financially strapped or in distress as it is, cannot be expected to put more time and money into the house at that time. So who will buy the house and be happy about it? A real estate investor is your best bet when it comes to the point you need to sell in a short sale. Even if you don’t need a short sale but just want to sell quickly and ‘as is’ the investor is still the best buyer for you.

They will typically pay 70 to 80% of the current market value for the house, and pay cash in most cases. It can be done within a week if all is in order and there are no unusual circumstances. That’s fast and is great for reducing your stress. You would most likely put money and time into fixing up the house and replacing certain items or appliances if you planned to sell the house on the usual market. With competition so tough these days, you wouldn’t have any choice but to do all of the sprucing up you could possibly afford just to keep up with the competition.

Why put yourself through all that when you can get the house sold quickly and easily to an investor who won’t expect you to do anything to the interior or the exterior of the house?. It might be tough to find a buyer that plans to live in the house that will buy without you doing any repairs or inspections. If they are responsible to pay for everything including pest inspections and extermination, home inspection, certification of the roof, and maintenance that has fallen behind you might indeed find it hard to find a buyer. Call an investor today to get an offer on your house. They buy ‘as is.’

• Sell Your House from the Outside

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We Buy Houses - Bloomington MN: If you have a little time and are willing to take a bit of a chance on selling your house, try the low pricing trick. It’s more of a strategy than an actual trick, though. The word trick suggests that you are somehow deceiving someone. This is not the case. You are merely pricing the house low to encourage more attention. With more attention there are more likely buyers for it.

Putting a lower than expected price on your house will start something in motion that could be quite exciting as you watch it unfold. It’s somewhat like watching something of great value on Ebay start out with a pricetag of under a dollar. You can watch the bidding war take off and go absolutely crazy. The item that might have sold for $50 if you had listed that as the price is now being sold for $75 and still climbing. This is the same concept you can use to price your house. What you will do is spark a bidding war on the house.

Since more than one buyer at a time can place an offer on your house, you can expect to see more than one buyer attempting to give you the most money for it. You’ll receive offers for the asking price, then you should get more offers and they will inevitably be for more money. Let’s say you think the house is worth about $95k in today’s market. If you list it at $93k you might get lookers who are interested. If you list it for $85k though, or even $80k you might find that you have many people that want to come and look at it. Then you’ll start receiving offers from different people engaging in a bidding war that began with the super low price that.

Smart buyers recognized that the price you had on it was way too low to be anything but a great deal. Once they are caught up in the competition they may end up paying more than they had planned and you might end up with what you thought you wanted for it in the first place. Bidding wars are very psychological and the sellers who are brave enough to tempt buyers with it often come out on top of the heap. In other words, by creating an almost frenzied interest in the house, you stimulate bids. Beware, though, that it could end up going in the other direction and some lucky buyer gets it for $80K.

• Staging Your Home for Sale

There are many possible reasons why you may have a house that won’t sell or can’t sell. Whatever your situation, foreclosure, vacant house, expired listing, behind on payments, divorce, bad tenants, etc., at Select Advantage Properties we create and provide fast win-win real estate solutions for all our customers. We are a local company with the ability to BUY, REPAIR, MARKET and SELL HOMES. We also buy houses that are not distressed.

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Wholesale Real Estate - Vienna VA: There are lots of things to think about when you buy your first investment home. Whether it’s for you to live in or you intend to rent it out, you’ll need the property to be insured. You should know something about it so when you shop around for a good company and a good price you’ll be able to make an intelligent choice.

First off, the insurance will be expected to replace the buildings on the property. The land itself won’t be insured except for liability to visitors to the property. In other words, if you paid $250k for your home that’s on an acre of land, the house may be worth only $150k and the land another $100k. So your insurance policy will be written only for the replacement value of the buildings. Insurance companies don’t cover your grass or dirt yard. Due to inflation of actual building costs and materials, you will need to insure for what it would cost to actually replace the building and restore it to original size and condition. This differs from another type of homeowner’s insurance in which you would receive only the depreciated value of the home as the years go on.

This is usually cheaper, but only because the insurance company’s costs would be less in the event of a disaster.Insurance has different rules in each state, so know what your state requires of both you and the insurer. Know your rights in the event that you should need to collect on your policy. The costs of the insurance will depend on the state, the coverage you want, and whether or not you are eligible for certain possible discounts. Usually, if you have your homeowner’s and auto or other personal insurance through the same company you will receive a multi policy discount.

Insuring a property in which you will have renters may require additional considerations depending on your state and your company. This is common, however, as it would be considered more of a commercial or money-making property instead of personal living space. Check to see whether you are covered under earthquake or flood as these might be separate and additional charges. You would be quite surprised if your rental property had a water main break that flooded the first floor, doing irreparable damage to the floors, the foundation, and the renter’s things, only to find out that your insurance doesn’t cover flooding.

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We Buy Houses - Riverside OH: Since you are selling a home, not buying one, you should know more about the sale process and what must be done for that to take place. It certainly doesn’t hurt, though, for you to know what steps your buyer will have to take before your sale is complete. Sometimes knowing what the buyer is doing will help you to understand the timelines and perhaps even offer help to speed the process along.

First, the buyer will determine what price house they can afford and a visit to a lender may be in order. This works to the seller’s advantage, absolutely. That’s because when you sell the house to someone you will rest assured knowing that they can qualify for a loan of the size it will take to buy your house. Many deals fall through in the last days when the buyer can’t get a loan. The buyer will be given a letter by the lender, stating that they do indeed qualify for a loan up to so many dollars in value. This is called a pre-qualification letter.

Next, the buyers can start looking for a home. They may look online, in the papers, or in the sale papers. They might also drive around their target neighborhoods looking for signs that someone is selling by owner. That’s why you need a sign in your front yard regardless of your other advertising activity. If they see your house somewhere and want to take a closer look they will ask. You’ll show them around and hopefully, they will decide to take it.

The next communication will be an offer from the buyers. It will typically be for less than what you have it listed at. Not to worry, as this is normal. If you want $200k they might offer $180k and you can then counter offer with $190k. It goes back and forth with price and repairs they want done, etc. until you have negotiated an agreement satisfactory to both parties.

The contract will be written up and they will go back to the lender to get the loan. At this point they will be neck deep in paperwork and proof so be patient here. If you don’t hear anything for a little while, assume they are wrapped up in moving plans, loan negotiations, and more. They’ll need to get an appraisal of your property for the lender, and may want a pest inspection and a home inspection. When all of this is completed, you can expect to close and the deal will be final.

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We Buy Houses - Pimmit VA: Selling your house will involve impressing your potential buyers. They will come into the house and want to see things and try things out that might surprise you. Don’t be alarmed or offended. The buyers are seeing your house as a potential purchase, probably the biggest purchase of their lives, and they will be looking at all sorts of aspects of your house.

Truthfully, most buyers are laymen when it comes to knowing what to look for when they look at a house. If a builder or someone in the construction trade happens to come and look at your house they will be more interested in what lies beneath the surface. The roof, the foundation, and the bones will be interesting to them. The fact is, most buyers have no clue as to what they should be looking at so they tend to look at simple, yet personal, aspects of the house’s operation. The buyers will open your closet doors.

They will look at the areas under the sink, inside the dishwasher, and in the medicine cabinet. While you’d never see your guests look in these places, buyers will look there. If you are like everyone else, these places are where you normally hide all of your junk that you don’t want lying around when guests come to visit. Now they will be scrutinizing you in exactly those places where you are used to hiding your unmentionables. The answer, of course, is to clean up those spaces before you have people come in to show the house. The buyers will turn on the lights. Expect every light switch to be flipped on and off. All of the doors and windows may be opened and closed. Make sure they are easily able to do so.

They will look up at the ceiling. They may not know what they are looking for, but make sure you have removed your cobwebs before they arrive. Clean the toilet because they will flush that, too. Take out the trash, keep the dishes washed so they can get to the sink and run the disposal, and make sure that you won’t be embarrassed when they open and close the garage door to check and see if it works. These things that buyers do in your house for sale are simply trying it on for size, so to speak. None of it is meant to embarrass you, so don’t take it personally.

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We Buy Houses - Brunswick MD: Advertising your house in the old time way is still hugely successful and effective. With the new online electronic advertising vehicles available, you will need to spread your advertising dollars to include them all. While most buyers say that they first look online to find houses for sale, there are still many who look at newspapers and would appreciate postcard mailings with local houses for sale advertised.

Newspapers with large circulation numbers often have a separate real estate section on the weekends that focuses on that alone. This is a good place to put in your small ad with a photo. Buy your space on the days of the week with the most readerships. Papers that are smaller or weekly locals should not be left out of your plan. They are quite effective, as people that live in areas that provide a weekly local newspaper tend to read through it cover to cover no matter who they are. This is where many receive most of their news and the classifieds get as much reading as the news stories. Their classified ads tend to be less expensive than the big papers.

The local real estate offices put out weekly or monthly listing books, complete with photos. You can try to buy space in one of those, but if you are selling the house yourself you might not be eligible as they do focus on agent listings. Instead go to the penny ad classified type publications in your area and place ads in there. This is where most owners sell their houses from. Investors are likely to look through those publications as well looking for their next projects. This means you could receive a call from a real estate investor interested in buying your house to use as a rental or to build up his portfolio.

Investors are quick to buy what they want, so if you get a call go ahead and find out how much they will offer you. There’s no obligation and you can either accept or turn down their offer. Using direct mail sounds outmoded at this point in time, but don’t count it out entirely. Have several cheap postcards printed up with the basic information on it. You can even include a nice picture or two. The postage is much less than mailing letters. Get a list of your contacts and addresses and send them to everyone you know whether they are looking for a house or not.

We Buy Houses - Arlington VA: Seeing a buyer incentive gets even the most discriminating shopper on her toes. The idea that you will get something extra as well as what you are already paying for is a clear bonus and sells the goods. Buyer incentives at car dealerships include tax savings, lower interest rates, and sometimes even added features for no extra price. An upgraded stereo system or a heated driver’s seat for no additional cost is a buyer incentive that sells cars. You can do the same with your house.

The incentives may sound expensive but don’t have to be. Offer a free home warranty plan to the buyer. This might cost you $300 or so, but that’s a drop in the bucket when it comes to the sale price of the house. Offer a free local membership to the swimming pool if they buy in the summer. A winter incentive might be a snow shoveling or plowing service to help keep their walks and driveway clear in their first winter at the new home.

If you want to do it like the pros in big store marketing, you can up your price on the house by $300 to cover the cost of the perks. This sounds a bit sneaky, but it’s what happens every day. Do you really think you don’t pay somehow for those free bank checking accounts? They get you one way or the other. It’s just human nature to want to think you are getting something for nothing, even it’s only an illusion. Offering an incentive for your home buyers can give you a definite edge in this competitive housing market. Attracting attention in any way you can is fair game and considered ok.

Remember the first time you ever saw a kid with a dancing sandwich board on the corner pointing to the new construction development? Whatever gets the attention of the buyers is fine, as long as you eventually make the sale. Other ideas for home buyer incentives are not as interesting, but will go a long way to attract attention. Offer cash credit toward the closing costs that are to be paid by the buyer. Pay the fees for the homeowner’s association for the year in the buyer’s name. A more creative approach is to offer a local getaway weekend including room charge and a nice meal or two. Anything you offer can strike a nerve with someone and perhaps that will entice them to sign the contract.

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Problem Solving Real Estate Solutions Company

Northern Virginia and Metro-DC

Achieving Solutions for People is the Key to Real Estate Success

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