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So, it is time for you to sell your old house and you need to do this as quickly as possible. Many people consider their home to be their biggest asset. And selling it will probably be one of the most challenging decisions that they need to go through in their whole life. If you are wondering on how to sell your home fast in Arizona, then you may want to know the different reasons why you should sell your house in the first place.
Even though the worst of the housing crisis occurred over four years ago, there are still an astonishing amount of homeowners receiving foreclosure notices in the mail. It can be a horrifying time for anyone, and the first thing to cross the homeowner’s mind is “there has to be a way out of this.”
When you are looking to sell your home, you will need to have a long look at pricing your home. While there are any number of tricks of the trade to help a home sale go through, the price of a home will be the most important sales consideration.
Most individuals will have a mortgage and the bank will determine how much potential home buyers can pay for a home. At the same time you as a seller want to get the greatest value out of your property. So balance is important.
Martin Boonzaayer, The Trusted Home Buyer, here and today I wanted to quickly reach out to a friend and a great inspiration of mine, U.S. judo star Kayla Harrison. I have known Kayla for many years know and am extremely proud of her determination and will power. I am excited for your success and wish you the best!
The unthinkable has happened.
Could it really be true?
Yes, you need to sell your home. You may be wondering, ‘What are property sale costs?’ How can you know all the extra fees? Isn’t it just a simple matter of putting your home on the market and letting it sell itself? Not exactly. Here are a few things you should know about selling your home.
Giving the right image
When people look at your home, they want to see what it will look like with them in it. A good place to start is to remove anything that makes your home personal: pictures, statues, children’s artwork, etc. Pack up items that you haven’t used for over a year. Touching up the outside of the house will make it appear brighter and more attractive.
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Hi there, I want you to picture in your mind what “striking it rich” looks like. Close your eyes for a second and think about it. Martin Boonzaayer, The Trusted Home Buyer here. Most people think that striking it rich means coming into a lot of money all at once…
A huge inheritance. A lawsuit settlement. Hitting a jackpot on a slot machine. Winning the lottery.
Even with the availability of assistance from real estate agents, many homeowners still opt to sell their houses on their own. Those who have made a living out of buying and selling houses may not have major issues with it. For most individuals, however, FSBO or For Sale by Owner simply isn’t in the cards.
For one, FSBOs cannot have their houses included in the multiple listing services, as this is only open to real estate agents or brokers with licenses. Thus, they cannot have their property advertised and known to wider range of potential buyers.
Similarly, independent sellers of houses are deprived of the privileges of posting announcements in search engine optimized websites which are currently the major reference of potential buyers. FSBOs can instead utilize social networking sites to make announcements, but the audience here, can be limited. Sure, the ads can be placed on the classified pages of newspapers or put up a sign on the front yard. But this won’t receive exposure nearly as much as MLS and websites gain.
Add the current recession and fluctuating economic climate, and FSBOs face greater challenges in selling their homes.
Reader’s Digest was one of the first to publish helpful tips for property owners who are interested in putting their house in the market. Some of the best ways to succeed include:
1. Repairing the interior and exterior of the house to it more attractive to buyers
2. Get real on the pricing. Delve away from putting a price that’s too low (as this makes an impression of poor quality and unlikely location) or too high. Almost all buyers today are knowledgeable in comparing sales in the area, which poses heavy impact in the fair market value of the house.
3. Survey the competition. Find out what other homeowners who placed their properties for sale cannot offer. Strive to make an edge by filling these gaps and highlighting them before the eyes of prospect buyers.
4. Let the sale be known by large pool of people – more audience, the better.
Ultimately: Find a broker or agent that you can trust.
FSBOs may contest the idea, but they have to understand that the only way to get their properties sold amidst the recession is to avail services from real estate agents. They can assess the most ideal pricing scheme of the house. Brokers and agents are trained to compare the current property values from the last few months. They may suggest to lower the price of the house from 10-15% compared to what the competition is offering.
This would make a great deal which can amass more visits from buyers and even result to multiple offers.
One of the many benefits of a Home Buyer client – one that trusted this particular online real estate agent firm – is that they can display their announcements on websites which are heavily visited by prospect buyers.
Discover why The Trusted Home Buyer is considered one of the best choices for people interested in selling their home! I have a created a free webinar, just to go over a few more tips and ideas you can think about before making your decision. Sign up today!
You see it everywhere… and now you are ready to put one up too… you know, the post that says “House for Sale.” Now, you might be getting ready move into another place and are now considering selling your house, but, before you do just that, you should also consider how to increase the value before selling your house.
Here are some tips as to how to do just that:
- Before selling your house, have it cleaned from top to bottom. Clean the bathrooms, kitchen, dining room, everything. Make sure that the house will look spacious. This tip is the major attraction for buyers because they would see what the house is like in its most presentable state. Buyers would want to ensure they are buying something with sufficient space so clear everything out.
But what is a home buyer, you ask?
A home buyer is basically someone that purchases the property outright for cash. What sets home buyers apart from a realtor is that they pay cash and you can end a deal in as short as 24-48 hours, no hassles and all the privacy you need provided.
Why Choose Trusted Home Buyers?
Unlike realtors that look at you as a potential money machine, home buyers look at you and your situation with concern. Think of a friendly neighbor or a concerned friend – that’s us. We don’t buy your house because WE need the money, but because YOU do.
What Do Trusted Home Buyers Do?
As trusted home buyers , our goal is to evaluate your current property with the current real estate market price. This basically means that we evaluate the price value of your house. But more than that, we understand your situation. We know it’s not easy to sell a home. We know it’s not easy to be faced with the possibility of repossession. We know it’s not easy to develop a bad credit history. That’s why we listen to you as you tell us your need. Together, we work with you in buying your property as easily and hassle-free as possible.
Unlike dealing with a realtor, you don’t have to make your house presentable to make it sellable. With trusted home buyers, you can sell your house in any condition or in the condition it’s already in. You don’t have to spend money you don’t even have to beautify your home to increase its market value.
With trusted home buyers, you don’t have to spend anything at all, PERIOD. You don’t pay any settlement costs. You don’t even any legal fees.
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Overview of your Property Options
“In this video, I will be exploring some of the best property options you have with your home when are looking to sell. There are often many overlooked or misunderstood options that people have, and I want to make it my mission to help people, JUST LIKE YOU, make the most money possible with their transactions.
I’m going to be reviewing with you today some options that you have for your property. Most of us understand the basics of selling and renting, but there are some hybrid options out there that you might not know about and that may really appeal to you. I’ll also be covering how this website can help you, and what you can expect from me, the trusted homebuyer.
So, why would you consider selling? Well, usually there’s just one answer. You’d like a cash pay-off on your property. Perhaps you need to pay taxes, settle a bankruptcy or divorce, or some other need.
Some things to consider if you want to sell at top value include, how much will I need to spend in repairs or improvements and holding costs to sell at top value? And how long should I expect it to take to sell at that price?
And why rent? Well, perhaps you don’t need a lump sum of cash right now, and you’d like to sell when the market’s better. This is a great way to build wealth. The majority of the world’s wealthy own income-producing real estate.
The first hybrid between renting and selling is leasing with the option to buy, or a lease option for short. A lease option is the same as renting, but the renter pays you for the option or right to buy.
There are a number of advantages to this strategy, including that your tenant now has an ownership mentality and will typically treat your property better. You also get some money upfront, typically 3% to 5%, but it’s whatever you agree on with your buyer. And this money is non-refundable, which is great for you.
I often buy properties this way and pay the seller back in less than six months. But the typical timeframe for a pay-off is one to two years. In two year, you will typically net approximately 125% of today’s selling price. Please note that this is based on a simulator, and averages in your situation may be different.
I strongly recommend that, whether you choose to rent or a lease option, that you act as your own property manager. I explained this on the video on “Renting”. If you don’t want to be a property manager, you check out the next option, which is my favorite.
You also need to cover your assets. Unfortunately, we live in a sue-happy society. And if something tragic happens on your property, whether it’s your fault or not, you may be faced with a law suit. So, visit with an insurance agent to discuss an umbrella policy, and also meet with an attorney to discuss an asset protection plan that may include placing your property into a limited liability company.
Seller financing is my number one favorite strategy for selling real estate. Seller financing is when you, the seller, act as the bank for your buyer and the buyer makes payment to you at an agreed upon rate. The banks always have the biggest buildings in town for a reason, and you can benefit the same way they do.
Typically, you’ll net more monthly income with seller financing than by renting because you don’t have repairs, management fees, or vacancy to deal with. Also, the buyer doesn’t ask the bank to make repairs on the house or sue the bank if something goes wrong with the property options. So, you’ll have no tenant issues, no responsibility for repairs, and no liability. And to top it off, you can often sell for appraised value, and in five years, net about 150% of today’s sales value.
When you agree to sell a property with seller financing, I recommend that you follow some simple guidelines in my “Seller Financing” video to ensure that you have a quality buyer. Also, be sure to get a down payment. This will dramatically reduce any risk that you may have of the buyer defaulting.
I’ve never had a buyer default in all my years, which is why I love this strategy so much. It’s simple, predictable and completely hands off. You will also want to instruct the title company that prepares the documents to include a provision so that the buyer must include in their monthly payment an amount for insurance and taxes.
And then, I strongly recommend using a note servicer. I do for all my seller financing transactions. You can have the buyer pay for this fee also. The servicer handles all correspondence and interaction with the buyer and will automatically pay the insurance and taxes for you from the proceeds. Literally, all you have to do is cash the check each month.
To learn more about “The Trusted Home Buyer,” take a moment and sign up for the free webinar with more tips on how to sell your property effectively. Make sure you know all the facts by simply signing up now.