How to Sell a House That Needs Repairs Without Fixing It

September 28, 2017 • Owen

Many home sellers ask themselves whether they should sell a house that needs repairs. Some feel that they will be able to sell for a higher price. That way they will get their money back from the repairs. Others just cannot fathom being able to sell an ugly house.

This is a question that can be answered in different ways and takes some thought before coming to a decision.

Can You Afford the Repairs?

affording to sell a house that needs repairs

Chances are if you want to sell an ugly house you are in a position where you can’t afford house repairs. This may create a frustrating situation for you. Some houses need minor repairs such as a few wall repairs and some painting. Then there are others that own a home that is in need of serious repairs. The roof may need to be done and perhaps the electrical components need updating. These, as well as other major repairs, can be really costly.

If you are wanting to sell a house that needs repairs, it could possibly mean that you are in need of some quick cash. Trying to sell your house as-is may not be an easy task if you are going to go through the traditional methods. This would be putting it on the market and listing it through an agent.

It May Not Be a Good Idea to Do the Repairs

If you are going to sell a house that needs repairs, then be prepared to make an investment. This may be one that you will not get back with the sale. A lot of buyers do so with the intention of doing their own renovations. If you have just completed some interior repairs these may not be of any advantage to a potential buyer.

Selling Your House As-Is

It may be a lot easier to sell a house that needs repairs than you may think. There are buyers out there who make a cash offer for ugly house transactions.

Disclosure

You are going to want to disclose the defects of the home as best you know them. It may be that you inherited the home and are not aware of all its faults. You may be compelled by law to disclose what you do know. Every home has its flaws. You want to point out the ones that are major and may not be readily seen by someone viewing the home.

Your Responsibilities

If you are going to sell a house that needs repairs, then you won’t have any obligations to do any of the repairs that are required. The potential buyer may have a home inspection done. Usually, if they are prepared to buy as is they won’t go that route. They are aware that a home inspector would find the repair issues that they are already aware of. There are some home buyers who really are looking for those who want to sell a house as is. This is because they are prepared to do a substantial amount of work not only for the repairs but for major remodeling. They feel they can get a buy like this at a better price. Then, with what they can save on the purchase they will use to re-do the home to their exact liking.

The Right Cash Offer For Ugly House Sale

get cash and sell a house that needs repairs

While you may have decided to put the house on the market as is, you may have some issues with some buyers. There may be those that want to do the major repairs and renovations, but still need to finance the purchase. There can be some issues with this as a lot of lenders are not keen on loaning money for this type of purchase. The lender may ask for a home appraisal. You may be thinking of asking more than the house is appraised at. In this case, some buyers will not qualify for the purchase if they are borrowing.

Another option that will most likely be available to you is a buyer who can walk in and pay cash for the home. This way there are no concerns for the buyer having to arrange financing. If you are intent on going ahead to sell a house that needs repairs then this type of buyer is your best.

The Advantages To Decide To Sell A House As Is

By not selling in the traditional manner you are not going to have all the headaches of the repairs. Then also to consider with this of a cash offer for an ugly house contract is the time. It takes a lot of time to get all the repairs done. If you can’t afford house repairs and were planning on doing it yourself, this will be even more time consuming.

The “sell a house as-is” opportunity really is your best option. That is if you don’t want to go through the hassles of listing your home. Even if the housing market is hot you may not be able to sell quickly because of the need for repairs.

If you are in need of quick cash and want a deal that is going to close quickly a cash sale is ideal. The decision to sell a house that needs repairs is really your best option. This is especially true if you are in need of quick cash. Plus, you want the deal to close quickly. If you accept a cash offer for ugly house sale then you are most likely going to save additional money. This means you won’t have to pay the regular listing fees.

Rather than put your house on the market with the intention to sell a house as is, do some research. You may find that there are potential buyers in your area that buy these types of houses regularly. These are professional investors that will make a fair deal with you based on the condition of your home. They are well aware of the prices of homes in your neighborhoods. They will take this into consideration when giving you a cash offer for your home.

If you really want to get rid of your home quickly selling for cash as is will be the quickest action you can take. It will probably be a decision that you won’t regret. This type of house selling comes with a lot less hassles.

Need to Sell a House That Needs Repairs?

need to sell a house that needs repairs

Selling a house that needs repairs is a stressful situation to find yourself in if you don’t have the cash to afford it. Repairs can add up and keep your house from getting on the market. You don’t have that time, and we understand that. At Red Ladder Property Solutions, we specialize in quick home sales for cash.

No matter what condition your house is in, we’re here to help you out. We’ll get your house closed, and write you a check on the spot! Call us today to get a no obligations quote for your house, or just to get your questions answered. We’re always happy and ready to talk! Contact us at 402-578-4003.

 

Listing with a Realtor vs Selling for Cash

September 21, 2017 • Owen

Selling your house can be a difficult process because there are so many options. Should you go with listing with a real estate agent, selling to a cash buyer, or selling it on your own?

One of the many advantages of owning real estate is having plenty of options. There are options for buying as well as selling it. As a homeowner that is interested in selling your home, you need to know what your specific options are.

listing with a real estate agent

Selling Your House Yourself

For sale by owner is often the type of sign you see today on homes for sale. This is certainly something homeowners can do. Many don’t understand how difficult this can be. Putting up with the hurdles that come with not listing with a real estate agent can save money.

The Pros of How To Sell Your House By Owner

The Time Factor

If you are not in a hurry to sell your home then listing it for sale by owner can be a distinct advantage. You can set your asking price and hold firm to this. The schedule for showing the home will be dictated by you. This can be done during the times that are most convenient for you.

Change of Mind

If you decide that you don’t want to sell your home you can simply stop your efforts to do so. You have the option of when you want to sell and you can change your mind as often as you like.

Potential Savings

The biggest reason that most people prefer not to use the option of listing with a real estate agent is because they can save money on the realtor fees. This is usually a 6% fee, which can be a big saving on the home sale.

The Cons of Selling Your Home Yourself

cons of selling yourself and listing with a real estate agent

 

Time Commitment

Not using a listing with a real estate agent means being prepared to devote plenty of time to the home sale.

You need to be available to take calls from interested buyers who will want to set up an appointment for a showing. You will then have to be available to show the home. Closing without a realtor means knowing the legalities that are involved.

You will need to be involved in some form of advertising. This takes time in writing up the ad copy. Then there will be some research involved as to where to advertise.

Learning Curve That Comes With How To Sell Your House By Owner

When you go the route of listing with a real estate agent you are relying on their expertise. There is a lot that goes into selling a home. You are going to have to learn at least the basics of this to be successful. These professionals know how to sell a home by emphasizing its strong points. With you having a personal attachment to the home you may focus on this. Potential buyers may not find what you consider to be strong points applicable to them.

Safety Factors

It is important to consider the safety factors when allowing strangers into your home. Most often those who want to look at the home come in pairs or groups. This may make you feel uncomfortable as you don’t really know what their true intentions may be. Closing without a realtor can leave you open to making some serious mistakes.

Selling Your House for Cash

Another option besides listing with a real estate agent is to simply sell your home for cash. This is a good solution for a quick sale with a flexible asking price.

The Pros of Selling Your House for Cash

stop listing with a real estate agent and sell for cash

Convenient

You don’t have to go through the inconvenience of having to show your home to potential buyers. Most often when a home is up for sale it means multiple showings before it sells. There may also be a need for several open houses which can be a nuisance.

Quick Cash

Some individuals are in poor financial shape. If you need quick cash then selling your house for cash may help with this

Fast

Selling your house for cash is the fastest method for home selling. It takes very little time for the sales contract to be drafted.  Usually, a very quick closing date can be arranged.

The Cons of Selling Your House For cash

Less Money

A cash sale usually doesn’t give you much room to negotiate the selling price. The buyer has a set amount they are willing to spend. You need to decide whether the cash price is something you feel is fair and that you are willing to accept.

Limited Time

Normally with a cash sale, the closing is much quicker. You need to decide whether it will allow you enough time to make the move and find new lodgings.

Listing with a Real Estate Agent

There are a lot of good reasons why most home sellers want to follow through with a listing with a real estate agent.

The Pros of Listing with a Real Estate Agent

sell for cash don't go for listing with a real estate agent

Their Expertise

Real estate agents are professionals. They have all the knowledge necessary to sell real estate. They have the expertise to analyze the market in the areas in which they work.

Their Contacts

Agents have many different resources to draw from when it comes to potential buyers. They usually have access to large databases. These connect to other realty agencies that list potential clients.

Advertising Resources

A real estate agent has the expertise to be able to advertise the home in the right venues. They know how to write the copy and how to promote the sale.

Time

Realtors dedicate their time to showing the home and have the knowledge of how to close the sale. They have the negotiating skills when it comes to the financial aspects of the sale.

Legalities

There is a lot of paperwork and legalities to tend to for a home sale. Real estate agents are trained in this area. They can avoid some of the costly mistakes that can be made during a home sale.

The Cons of Listing With a Real Estate Agent

The Fees

The 6% realtor fee is the biggest disadvantage. You will have to pay this once the sale is closed.

A Commitment

You are making a commitment with your chosen realtor. They will be the only one allowed to sell your home during the duration of the contract.

Being Realistic

You have the ultimate say in what your house should be listed for. Your realtor will encourage you to be realistic in the listing price. This will be based on his analysis of sales in your area.

sell your house without listing with a real estate agent

Sell Your House Now!

Realistically, listing with a real estate agent takes anywhere from 4 – 10 months depending on your market. In Omaha, it could take a minimum of 6 months. You don’t have that time, and we understand that. At Red Ladder Property Solutions, we specialize in quick home sales for cash.

We’ll get your house closed, and write you a check on the spot! Call us today to get a no obligations quote for your house, or just to get your questions answered. We’re always happy and ready to talk! Contact us at 402-578-4003.

5 Tips to Sell Your House Fast!

September 14, 2017 • Owen

From making repairs to utilizing the services of a cash home buyer, follow these general cash-saving tips to sell your house fast in any residential real estate market. Time is not on a homeowner’s side when it comes to selling a property. Depending on the time of year, real estate climate, and market trends, the average listing can sit on the market for months without a bite. For distressed homeowners, motivated sellers, and professionals needing to relocate immediately, knowing what to do to sell your house fast is money-saving knowledge.

1. Scope Out the Competition

get the best tips to sell your house fast
If you want to know how to get your house ready to sell fast, there’s no better method than scoping out similar homes in the same neighborhood and area. These properties will give homeowners a baseline for the competition already on market, and help determine the home’s accurate value. It’ll also outline what features are deemed most desirable by potential buyers.

If you look at the comparable homes closely enough, you’ll also gather more tips to sell your house fast. Take note of the homes that haven’t sold within your desired timeframe; if the properties possess certain commonalities – like poor curb appeal or outdated finishes – resolve to offer your potential buyer something better before listing.

2. Make Cosmetic Repairs

do the right repairs are good tips to sell your house fast

Homes age naturally. From home system degradation to peeling paint and broken tile roof, properties typically fall apart faster than their owners. When homeowners are ready to move on, these seemingly superficial issues can cause prospective buyers to skip an open house altogether. To increase curb appeal and better a first impression for potential buyers, homeowners should keep up with exterior maintenance: water the grass to ensure a lush, green lawn and apply a fresh coat of paint to the house and shutters.

For additional tips to sell your house fast, ask a professional landscaper to assess your property and how to make it more appealing. Planting colorful perennials, applying fresh mulch to natural areas, and adding a lavish fountain can set your home apart when listing. Remember to shop around before hiring any professionals to work on your home; you don’t want to waste more time, energy, and money fixing unexpected issues that may pop up due to shoddy contractor work.

3. Price Accordingly

One of the biggest tips to sell your house fast comes when initially pricing the property. It’s no secret that overpricing a home is detrimental to a property’s sale when comparing it to homes offering the same features. To ensure you’re reasonably pricing your property before listing, you must first determine its projected market value.

The simplest way to do this involves comparing it to homes within the same neighborhood, offering the same number of bedrooms and full bathrooms, and with similar updates. If this estimate seems too low or high for your specific home, it’s wise to obtain a home appraisal. Professional appraisers will not only compare your home to others in the area, they’ll also make detailed notes after a walkthrough and factor any property updates – and flaws – when calculating a home’s worth.

4. Consider Selling Your Home Without a Realtor

making sure the price are good tips to sell your house fast

Homeowners needing to sell immediately should seriously look into listing as a for sale by owner. Instead of hiring a real estate agent, unrepresented sellers decide to sell on their own terms. This is especially great for homeowners desiring a speedy sale. Homeowners listing as a for sale by owner have the control over when their property gets viewed, their asking price, and how to go about advertising. With those experienced in real estate or have a basic understanding of the selling process, selling your home without a realtor is a simple, time-saving solution.

Selling without a real estate agent allows homeowners to move at their own pace. If you currently have time constraints, selling your own home will provide you the means to advertise quickly and show your property any day of the week. As an unrepresented seller, superb advertising is essential to standing out within an industry that’s rife with competition. Attract buyers with unique flyers or hire a professional graphic artist to design a home brochure highlighting your property’s best features. Providing professional advertising materials while offering out-of-the-box marketing techniques is key to selling a home by yourself.

5. Sell to Cash Buyers

The best method to selling your house fast is to locate a cash home buyer. These buyers specialize in purchasing properties quickly – sometimes within a week of first contact – and can offer a stress-free selling process. Cash buyers make a living offering solid selling advice to local homeowners; they know how to successfully sell and the best options to sell fast. They also submit fair cash offers, allowing for a speedy sale and skipping the time-wasting house financing process.

While most house buying companies are legitimate buyers with loads of references and unparalleled professionalism, some are scammers only interested in submitting low-ball offers. Their intention isn’t to provide sound advice and fair market cash offers, but to manipulate desperate sellers into selling well below market value. To avoid these cash buyers altogether, homeowners should research their home’s accurate value before listing. When in doubt, ask to see references.

General Tips to Sell Your House Fast

get the best tips to sell your house fast

Selling your house fast doesn’t have to be an impossible endeavor. Instead of allowing your home to suffer months on market without a legitimate lead, take the home selling process into your own hands. Stop relying on real estate agents with multiple listings to focus on your home and take a proactive step to ensuring the successful sale of your property.

If you’ve already checked out the competition, completed all minor repairs within budget, and determined a fair asking price for your home, you’re well on your way to attracting a potential buyer for your home. For more general tips to sell your house fast, consider selling as a for sale by owner and locating a reputable cash house buyer. While the former gives you the control to sell at your own speed, the latter offers the quickest selling solution readily available.

Sell Your House Now!

Realistically, listing with a real estate agent takes anywhere from 4 – 10 months depending on your market. In Omaha, it could take a minimum of 6 months. You don’t have that time, and we understand that. At Red Ladder Property Solutions, we specialize in quick home sales for cash.

We’ll get your house closed, and write you a check on the spot! Call us today to get a no obligations quote for your house, or just to get your questions answered. We’re always happy and ready to talk! Contact us at 402-578-4003.

How Investors Buy Houses Hassle Free

September 7, 2017 • Owen

Thinking of selling a home to a cash buyer, but find yourself wondering how investors buy houses?

When it comes to selling a property, homeowners want to ensure a stress and hassle free sale. They want to be able to sell their home at the ideal asking price and walk away from closing with the ability to move on without strings attached. Unfortunately, not all home sales are quick and convenient. They often come with a long battle to please potential buyers. Fixing up the property and hosting endless showings can become a financial burden, and emotionally overwhelming. For sellers wanting to simplify the selling process, learning how investors buy houses is essential.

Why Sell House to Investors

selling is how investors buy houses

Most homeowners envision their property being sold to the typical buyer: a family or young couple with the desire to live happily ever after in the home. However, individual buyers aren’t the only option when listing a property on the market.

Many house buyers are professionals with interest in the property’s potential. These real estate experts are investors, often making fair cash offers exceeding the homeowner’s expectations. But how do investors buy houses with cash? These investment companies and individuals will purchase resident homes needing renovations to eventually resell at a profit or boost their property portfolio. As with any major life decision, there are both advantages and disadvantages in selling a property to an investor. It’s vital to outweigh both before making any concrete action.

The benefits of selling your property to an investor are numerous and will likely appeal to most homeowners. We buy houses companies and other investors are unlike traditional house buyers with their lack of buying limitations. Whereas a traditional buyer is typically forced to get a loan or other financing to purchase the property, investors will use cash on hand. This allows sellers to skip waiting for the lengthy financing process and move on with ease. For a homeowner looking to close fast, this is one of the best reasons why to sell a house to investors.

Another major perk to utilizing an investor’s services is their ability to offer flexible buying arrangements. Unlike traditional house buyers, many we buy houses companies are willing to take over a homeowner’s financial burden as an added bonus to selling. They may be able to take over the homeowner’s mortgage, which is especially beneficial to sellers that are underwater or have had their home on the market for a while.

making the deal is how investors buy houses

Perhaps the biggest advantage to selling your property to an investor instead of a traditional buyer is their desire to buy a home as-is. Sometimes homeowners are unable to make necessary home repairs due to cost. Other times, they’ve inherited the property already damaged and wish to sell immediately. Whatever the scenario, investors will happily gobble up severely damaged properties, including rentals and inherited homes. For a seller with the financial burden of owning a dilapidated property, investors are an attractive option.

Like with any major financial decision, there are limited disadvantages to selling a home to an interested investor. For instance, some scammers pose as investors willing to submit an offer. However, these illegitimate buyers are more interested in tying up your property in purchase agreements than actually closing the sale themselves. Unfortunately, investors aren’t legally required to expose who is making an offer and their intentions; this legal loophole allows many scammers to actively fool the seller without any consequences. Many sellers also find themselves needing to vet investors more than traditional buyers. This extra bit of time spent on researching before a sale can be a costly and an ineffective waste of time for many homeowners.

Making a Deal

getting your deal is how investors buy houses

Now that you can identify the major benefits and few disadvantages to selling to an investor, it’s time to learn how to sell to house buyers. Thankfully the process is simple due to the investor’s focus on finding ideal income properties. Transforming your home in hopes of appealing to the traditional buyer can be difficult; it often means updating the property and providing curb appeal that attracts the average buyer. Investors are less picky and look for a couple key factors before making a deal.

Investors generally search for homes that need work in superb locations. Properties that are undervalued due to extensive damages are a great deal for investors willing to renovate before reselling. Homeowners that have become landlords are also ideal potential sellers; their tenant-occupied rental properties are desirable nuggets of potential profit to a serious investor. Homeowners with any of the properties described will with little problem attracting a local investor willing to make a deal.

Before finalizing the deal, it’s important as the seller to carefully look over the agreement. While most investors are professional house buyers with no intention to mislead the homeowner, some will put in substantially lower bids or change other agreed upon details. If selling an FSBO, it’s especially important to have an expert read over the contract before closing.

How Investors Buy Houses

selling is how investors buy houses

When it comes to how investors buy houses, the process is simple. If the local investor doesn’t make initial contact, a homeowner can inquire about the house buyer via an online form or obligation-free phone call. After making contact, the investor will set up a home visit to assess the property to calculate a fair price. Once the investor has considered the purchase cost, including comparing it to other homes of similar size in the neighborhood, they will submit a cash offer. There are no stipulations or contingencies involved; the investors want to buy the home as-is and provide the seller the means to move on. Once the offer is thoroughly looked over by the seller and accepted, investors ensure closing within a week or at the seller’s earliest convenience. It’s that easy.

Working with a professional investor is a hassle free experience for homeowners interested in simplifying the selling process. The benefits far outweigh the possibility of scammers. Investors are meant to be empathetic problem solvers and experts in the housing market. They can provide cash offers that expedite the sale and free selling advice for unsure homeowners. If you want to know how investors buy houses hassle free, it comes down to their desire to guarantee a speedy sale while providing efficiency and professionalism.

Need to Sell Your House?

Then you’ve found the right people! At Red Ladder Property Solutions, we understand that selling your house is an emotional, and stressful process. That’s why we take extra care to work with you on a timeline that’s comfortable and convenient for you. That’s how investors buy houses. It’s as simple as sending a text! Sell your house for cash fast through us.

Plus, we’re always happy to answer any questions about the house selling process that you might have. Give us a call today at 402-578-4003.