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Saturday 30 September 2017

Selling a House to an Investor

 Gone are the days when people used to buy homes, live in them until old age, and then pass them down to their family members. Things have changed today in terms of home ownership. Most people buy homes only when it suits them and when they want a change, they sell them again. Want to sell your home?  Here is the link for professional house seller http://www.dependablehomebuyers.com.

Selling a house can prove to be very frustrating despite the fact that marketing trends are changing slowly. This is because there are many houses on sale that you have to wait for too long before you get a fair price for your property.

The good news, however, is that you can actually sell your house to a real estate investor. The investors are usually independent entities who buy homes from sellers and renovate them by doing the necessary repairs. They then rent them out or sell them at a profit.

It is very easy to find a real estate investor who can buy your home at a fair price market instead of struggling to look for an individual buyer. It will save you time and the frustrations associated with looking for a buyer. For latest news, you can subscribe our blog.

How Do You Sell To a Real Estate Investor?

The process of selling to real estate investor is very simple. First, you need to identify a good and reputable real estate investor. You then need to give them information about your home. Tell them where the home is situated, the social amenities that are nearby, and any other point of interest that might raise the value of your home. You can even go further to explain why you need to sell the house. Could be you wish to move to a different city or retire to your rural firm. Whatever the case, the real estate investor needs to know your personal situation. 



The investor will visit your home and do a closer inspection of the property. The inspection includes confirming everything you already told them as well as assessing the condition of the house. This will help them come up with their price. Of course, the price has to take into account any repair work that might be needed for the house.

The investor will give you an offer and if you like it, then the deal is done. The process is a simple as that and you will receive your payment in cash.

Selling to a real estate investor makes the whole process easy and quick compared to other methods such as contracting an agent. In fact, it will only take you roughly seven to ten days and you will have closed the deal having received your payment in cash. 

If you want to sell your house without any much hustling, simply sell to a real estate investor. You will not incur any extra charges such as agent fees and closing costs. The investor will definitely purchase the house from you at a discount, but this is to cater for any repairs that might be needed. This is fair if you compare to if you were to sell it to another homeowner. You might sell it at a higher price, but only after you have done all the repairs by yourself. Now you see, why go that way when there is an easy way out?

Are There Any Hidden Costs of Holding On To Your Property?

Some people may resolve to hold on to their property hoping to get a better deal. The problem is, the more they hold on, the more the charges that they will incur. Consider the extra months of paying for utilities, mortgage, and other maintenance costs. You could sell the house at a slight discount but it will save you many hidden charges.


Evade unnecessary stress and headache. Just sell to an investor and move on to your new home. The best part is that you will evade closing costs and any other agent fees. In addition, you will not have to worry about repairing the house yourself because an investor will purchase it as it is. Do not wait any longer. Contact a real estate investor today.

Friday 29 September 2017

House Fast Baltimore

You just found your dream home in Baltimore, MD and you need to sell your house fast. You would like to place a firm offer on this home, but cannot risk carrying two mortgages at the same time. There is a chance that someone else will love this home and make an offer. How can you sell your house fast in Baltimore, MD and firm up an offer for your dream home?



There are solutions! A professional home buying company can help you sell your home quickly. Once you have a firm offer, you can place a firm offer on this dream home that your family would love to live in. We hope to be able to help you purchase this home if your current home has not sold yet in MD.

We can help you navigate the mortgage rules and regulations that the FHA, Fannie Mae, or Freddie Mac all have to follow when applicants apply for a first or second mortgage on their existing home. In this post we will discuss some of the methods to use to meet these requirements and pave the way to moving into your new home.

Moving to Your Dream Home when your Existing Home has not Sold



Qualify for a Second Mortgage

The FHA requires applicants to meet certain qualifications. Why are you moving now? Are you moving because of job requirements, your family needs more space or perhaps separation from your spouse? Is your current mortgage less than 75% of the value of your existing home? If not, getting a second mortgage approved may be difficult.

Family Connections

Can family members help you out with purchasing another home before your existing home is sold? You normally must agree to repay them when your current home sells. Make sure that there is a clear understanding and terms that will be adhered to. Many family relationships are ruined because the terms were not clear, well understood or adhered to when money is borrowed from family members.

Bridge Loans

Bridge loans are often used to carry both homes until the current home sells. In Baltimore MD, they are sometimes called a “wrap loan”. Consumers using a bridge loan need to make sure they can handle two mortgage payments until your current home sells. Bridge loans are considered short term loans and should be considered to last no longer than one year.



Credit Ratings and Lender Requirements

Check with several lenders to verify their requirements. Most want their clients to have a very good credit rating. They typically will not finance more than 80% of the value of both homes. They also will want verification of income levels to ensure that you can meet the monthly payments.

Consider Using a 401K

In some situations, it might make sense to borrow from your 401k to finance your dream home until your current home sells. There can be tax issues that you will need to deal with and you must pay yourself back when your current home sells. Remember that you will be forgoing interest and dividend income in your 401K during the time you borrow this money. This can have long term impacts on your retirement depending on how long it takes to sell your home.

Rent Your New Home

The seller may be interested in renting the home from you for a few months until your home in Baltimore sells. They also need to find a home to move to and may appreciate the idea of renting the home from you while they search for a home. The rent you collect will help with the bridge loan payments until you sell your home.

Plan for Contingencies

You can also make an offer contingent on your home selling. There is a risk that someone can come along with a firm offer, which will place pressure on you to either firm up the offer or let it go. Consumers carrying two homes should also plan on carrying both homes longer than planned just in case your home does not sell. Access to savings, 401K, bridge loans etc. should all be part of this contingency plan.

These are all possible options to consider when buying a new home and selling your current home. A professional home buying company can help you with all of these options.


Monday 25 September 2017

Introduction - Why We Are The Best Sellers?


About a week ago I got tired… tired of the lack of information for homeowners looking to sell their real estate quickly. Everything I can find on the web is about listing with a real estate agent. This is a great option for many, but there are certain cases when you need to sell for cash.

I have a buddy who’s going through a divorce and the idea of having buyers coming through his home is his absolute worst nightmare. With the amount of tension between he and his wife, the idea of listing with a real estate agent is just simply not an option. When he gave me a call I told him I’d do some research and get back to him.

Well… here I am a week later and have decided that if the content isn’t out there, then I’m going to put it out there. I promise to post monthly about my findings if you promise to keep reading. I’ve never been much of a writer, but I guess you can never be too old to start! Real estate has been something of interest to me so I’m stoked to finally have a reason to research.