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8 Choices To Take Into Account When Your Residential Property Isn’t Selling

You choose you want to offer for sale your home. You put your home on the market and wait for the offers to start rolling in. Now you’re starting to worry that no one is going to buy your home, which stops all your plans dead in their tracks.

Up The Curb Appeal
Often everything looks good on paper however then when a purchaser drives past the house to inspect it out they’re let down by reality. Could the home use a paint task? It may not be what you ‘d do but it’s not about you anymore, it’s about putting the home in the best possible light (pun intended) for the purchaser.

Should You Stage?
Like we stated, it’s no longer about what you believe is finest for the home, it’s about what the buyer believes is best. The more they can see themselves in your house, the more likely it is to really become their home.

Lease While You Wait.
If the months are beginning to accumulate while you wait for a buyer, you need to consider things like an financial investment. Each month, you lose prospective cash that your house could have generated. With that in mind, if you’re able to live in other places or have actually already discovered a new home, we buy houses Central Florida think about renting your residence in order to acquire a little income in the interim. You’ll want to make certain the tenants are clear about your intentions to offer and want and able to make space for purchasers to stop by. You likewise need to take into consideration whatever that comes with being a landlord, even if it’s short-term.

Change Your Agent
The relationship in between you and your property agent is a fragile dance. You can search and make a great choice based on what you know at the time, but we all understand that things don’t constantly work out as we hope. The fact is, often your home isn’t so much the issue as the representative is. You might have been offered a bad cheat on your representative’s capabilities or there might be something about them that is turning off purchasers. They might even simply be simply unprofessional. Eventually, it is your call if and when you wish to sever the relationship and find a brand-new agent. If you find yourself annoyed with a bad representative, do some research study to discover others in your area who know how to produce and can back it up. You took a chance and now opt for the surer thing.

Consider a Short Sale
It’s not exactly what you were hoping for when you noted your house but if things are not working in your favor, you may desire to consider a short sale. For loan providers, something is constantly much better than absolutely nothing, and if the market doesn’t look friendly to sellers in your location, this permits you to find a excellent price to move the home and the lending institution gets money.

Or Think About a Lease Option
Another method to entice a purchaser would be to do a lease choice purchase instead of the normal method of doing an straight-out sale. Once the preliminary terms of the contract are satisfied, if the purchaser desires to proceed, they acquire the home at a fixed price that is lower than your original asking cost.

Find the Most Appropriate Asking Price
For all the research and historic information that’s readily available, discovering the best listing cost is in some cases less of a science and more of an art. Sure your neighbor’s home may have cost a similar price but it’s likewise a various model with different functions. Plus who recognizes what way the wind blows the whims of purchasers from month to month. The reality is, while you might have your heart set on a specific price, dropping it even a little can have a significant influence on the method its viewed on the market. And if you’re not getting any bites, what do you need to lose ( aside from that couple of bucks)?

Offer For Sale Your Residential Property As-Is
All of these options have their advantages and disadvantages but the majority of them either indicate remaining on the market for much longer than you wanted to get way less loan than you expected. Another opportunity you can do is to offer your house to an financier who will buy it as-is. They’ll give you a reasonable cash deal in order to close the transaction rapidly, enabling you to move on with your life. You don’t have to get tangled up in any tricky legal situations or rely on renters, lenders, or lease option occupants in order to close the offer. Trustworthy business like PHP Houses more than happy to sit down with you and find out an deal lets you get on with your life and find your next house.

PHP Houses
142 W Lakeview Ave #1030
Lake Mary, FL 32746
P: (407) 519-0719
F: (407) 205-1951
info@phphouses.com

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Ways In Which To Sell Your Property Fast In Central Florida

We Buy Houses in Central Florida

Real estate markets waver– in some cases they are certainly sizzling and there are so many purchasers that sellers will list a property and it gets snapped up the same day. At times markets are kind of soft, which in turn suggests a home may perhaps stay on a listing for weeks or maybe even months without receiving any offers!

Home-owners who are offering for sale their houses in the second kind of market are frequently astounded and dismayed to discover just how long it can really take.

That time frame can be troublesome to your life, particularly if you have to wait for the sale of your own residence in order to purchase another house or transfer to a different area.

Regardless if you’re deciding on to sell your house by yourself, or you’re working with the services of a real estate professional, listed here are some strategies to help you sell your home as promptly as feasible.

Here are ways in which to sell your residential property rapidly in Central Florida.

Capture Visibility For Your House

Selling your house is a PURCHASE. And in every single sale, you really need to start by landing the interest of possible buyers. This means making your home stand out, or doing anything that makes somebody stop and look. Sometimes it’s a red-colored entryway in a suburb of blah exterior doors. Maybe it’s a unusual price that makes folks look twice. Possibly it’s a hilarious caption in a marketing brochure.

Set Apart From the Nearby Residents

To pull in a prospective individual, you need to try to make your home unforgettable. Contemplate putting colorful designs such as high grade house windows, landscaping and maybe even a fresh roof. These things will enhance the appeal of your property and elevate it’s resale value.

Dispose Of The Stuff

It is immensely important to clear away all the clutter from the property before showing it off. This is due to the fact that individuals need to envision themselves in that space. Because of this, you might actually want to get rid of some household furniture to establish a bigger space, and also removing all your family images and other personalized possessions.

You can hire an expert to clean the clutter on your behalf.

Sweeten the Deal

You really want to sell your house quicker in Central Florida. Then find out just how to sweeten the package. You can provide particular terms that will sweeten the pot. For instance, coughing up the closing costs for your purchaser. This will attract more interest from people who are scouting for the best house deals in Indiana.

Market Your Property All Over

As you advertise your house, be sure to promote it anywhere you can. Make use of social networks, internet sites, blog sites, web video, and just about anything else you can think of to get the word out regarding your property. Even if your real estate agent is promoting the property, you should really do your own marketing to promote the house too.

Here’s one other way to sell your house fast that you might not know about …
Did you know that there are real estate investment companies out there that buy properties for cash?

At PHP Houses, that’s what we do! We find residential properties and buy them for cash … we’ll also purchase them as-is and we close very, very quickly (often in as little as a week). In the event that you want to promote your house on your own hoping to get the greatest offer possible, go ahead– we’ve supplied you some excellent tactics in this blog site post. However, if you prefer to take action really fast and sell your house right away to us, get in touch at 407-519-07-19

Want to sell your property fast for cash?

Contact Us Today!

PHP Houses
142 W Lakeview Ave, Unit 1030
Lake Mary, FL 32746
(407) 519-0719
https://phphouses.com/index.html

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9 Pointers For Offering For Sale A Distressed House In Central Florida

Selling a distressed home doesn’t need to be stressful. Discover more about how to sell your distressed Central Florida home in our latest post!

You may think that selling a distressed residential or commercial property will be tough and lengthy. With our leading 9 specialist pointers for offering a distressed home, you will be able to offer rapidly and for a reasonable cost.

Idea # 1: Prevent Expensive Agents
Offering your distressed residential or commercial property to a professional purchaser such as PHP Houses, will conserve you time and money. Listing your Central Florida home can be pricey and you will have no idea when it will actually offer. 

Idea # 2: Make It Pretty
If your home is in need of major repair work or if it is going into foreclosure, you will likely want to offer it quickly. Try to showcase the property’s potential to assist people see beyond its defects. 

Tip # 3: Reveal Whatever
No matter what is wrong with the property, you need to be upfront about it. There is a buyer out there for your property, and you will discover them! 

Idea # 4: Find The Right Buyers
Market to financiers and other purchasers whom you think would have an interest in your house. Another unique way to discover investors is to browse for “we buy houses in Central Florida companies” in your search engine. 

Idea # 5: Be Patient
There isn’t as large of a market for distressed residential or commercial properties as there is for turnkey houses. It might take a while to find a purchaser. This can be irritating when trying to sell within a particular timeframe. If time is an concern, your best choice will likely be selling it directly to a home buying company in Central Florida. 

Suggestion # 6: Be Versatile
It is important to have a strategy B simply in case you aren’t able to offer the residential or commercial property. Consider leasing it out if you are able to or discovering a loan to assist you with repairs. 

Suggestion # 7: Know The Worth
You may believe your home is worth a certain quantity, once you consider the needed repair work and update it requires, the real value of your property today might be much less than you had actually initially thought. Be sensible about what your house is worth in the condition it is in. Don’t anticipate to get list prices for a house that requires repairs.

Pointer # 8: Documentation Done 
If you select to sell the house by yourself, you will be responsible for taking care of all the documentation. You will require to provide disclosure files and produce the contract. Whatever should be legal and by the book as to safeguard yourself. When you work with us, we manage all the documents, so you will have one less thing to worry we buy houses Central Florida  about. 

Pointer # 9: Don’t Appear Desperate To Sell
If you are able to, stand company until you are able to get a practical deal on your house. At PHP Houses, we always pay fair costs for homes, distressed or not. 

PHP Houses
142 W Lakeview Ave #1030
Lake Mary, FL 32746
(407) 519-0719
info@phphouses.com 

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Uncategorized

What is a Pre-Foreclosure in Florida?

With millions of homes across the country going into foreclosure, it’s important for both buyers and mortgage holders to understand the process.

So what is a pre-foreclosure in Florida anyway?

Many homeowners across America are facing difficulties making their monthly mortgage payments.

When a homeowner misses 3-6 months of mortgage payments, the lending institution will issue a warning, notifying the homeowner to pay or lose their home. If a homeowner fails to make the necessary payments, the bank will file an action to foreclose on the home in the court. Thankfully, during this stage of the process, a mortgage holder has the opportunity to take advantage of several options to prevent losing their home.This period is known as “pre-foreclosure.”

Banks and mortgage lenders typically provide three months for the homeowner to become current before they go to court and file the action to Foreclose on the property.  Of course this number can vary by bank and situation sometimes.

Pre-foreclosure Options for Borrowers

If you’re behind on mortgage payments, you’re likely to receive a “notice of default” from your mortgage lender.

This document will state that you have not made mortgage payments for the last 90-180 days. It’s important not to panic.

You have options that can delay or even prevent losing your home:

  • If your mortgage is “above water,” (meaning you have equity in your house) you may be able to refinance your mortgage, receiving lower monthly payments.  Check with your local mortgage broker… or contact us and we can connect you with a reputable one.
  • You may be able to quickly sell your home to a real estate investor that’s reputable in Central Florida like us at PHP HOUSES LLC, using the cash acquired to pay the months of back-payments owed (or we *may* be able to work out something with the lender that relieves all or part of your back payments. We can buy your Central Florida area home quickly, often in just a week or two, will pay in cash, and takes the stress out of trying to find a buyer.
  • You can contact the bank and ask them to permit a short sale. In a short sale, you’ll sell your home for less than it’s worth, and the bank will take the loss as a tax write-off.  In some short sales you may still be required to pay the difference to the bank if the house doesn’t sell for what is owed on the loan.
  • You may be able to declare bankruptcy, which can buy you time to pay your debt. Bankruptcy will remain on your credit report for years, and can cause significant damage.
  • You may be able to Deed-in-Lieu your house, deed in lieu of foreclosure occurs when the homeowner deed the property to the lender to satisfy a loan that is in default and avoid foreclosure proceedings. The deed in lieu of foreclosure offers several advantages to the lender and some disadvantages to the borrower.

Lenders are very much aware of the widespread financial troubles across the country and they’re willing to work with borrowers a lot of the time.

If you’re honest and communicate with your lender, you’ll often find that there are options that will allow you to remain in your home, or at least salvage your credit rating.

A foreclosure can often negatively affect your credit score by 200-400 points and can prevent you from obtaining a loan of any sort for 5-7 years, so be very dutiful if you’ve received a Notice of Default from your lender.

But if you’re not able to find a solution with your lender working directly with them… connect with us. We may be able to help.

Ways We Can Help If You’re In Pre-Foreclosure

  • We can potentially help with a short sale – Submit your info on this website so we can evaluate your situation to see if we can help.
  • We can buy your Central Florida area house – We buy houses in Central Florida and would love to make you an all-cash offer on your house too. Just fill out the form here to get started 
  • You can ask us questions and we can provide you FREE guidance and resources so you can make a well educated decision. This costs you nothing, there’s absolutely no pressure, no obligation… just free guidance without a catch.

If you’re in the pre-foreclosure stage… you’ve still got time to fix this situation.

Just connect with your bank to see if they’re willing to work with you… or contact us if you’d like to see what we can buy your house for or to tap into our free foreclosure foreclosure resources.

Want To Discuss Your Pre-Foreclosure Options? Call Us at 407-519-07-19 
Or, Submit Your Info Here To Get A Cash Offer On Your House 

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Selling a House Fast Uncategorized

Selling Your Home to a Real Estate Investor

You only have to drive around your town for a little while to come upon “We Buy Houses” type signs plastered all around on telephone poles or street signs. The signs let you know that there is a company out there that will buy your home, no matter what state it’s in. These Investors who are looking to flip your house for a profit. House flipping has become a lucrative business model for a number of real estate investors.

By definition, house flipping is where a real estate investor purchases a property for less than its value, makes any necessary repairs and updates, and then sells the home for a profit typically within a short period of time.

House Flipping Companies – Pros And Cons

Pros of selling to a house flipping company

1. It’s easy.

Selling a home that needs work can be challenging if you want to get the best possible price. With a house flipping company, you avoid the difficulty of trying to sell for a good price. Instead, you sell to a company that will buy your house for the lowest price it can get away with. In exchange for taking a low price, you can quickly free yourself of the burden of owning the home. If you are in desperation mode this is often times your best bet. Selling to a real estate investor can get you out from under a problem very quickly.

2. You only have to make one decision.

Your only decision when selling to a house flipping company is to sell, or not to sell. You won’t have to decide what repairs to make or who you want to sell to. You will get an offer and make a single decision. After that, you are free of the home. Most often a house flipping company will be paying cash and there can be a quick closing if this is what you are after.


3. You don’t have to find a real estate agent.

Finding a good real estate agent can take a little bit of effort. You may have to interview several to find someone you are really comfortable with. You also don’t have to worry about disagreeing with your real estate agent once you hire one, which can happen. You are going solo.

4. You don’t have to waste your time going for sale by owner.

Trying to sell your home as a for sale by owner can be extremely challenging, to say the least. While the goal for most owners is to save on paying a real estate commission, it is a lot of work to accomplish this. For sale by owners need to keep in mind the following:

  • You need to have some good marketing skills to make sure your home is found online. This is where the vast majority of buyers will be searching for a home.
  • The photography on your home needs to be excellent.
  • You must make yourself available for showings which may mean times of the day where it is not convenient for you.
  • The buyer needs to be qualified for a mortgage so it will be your job to make sure this is the case. Make sure you understand the difference between pre-qualified vs pre-approved.
  • There will be nobody there to represent you at vital stages of the home selling process such as the buyers home inspection.

When you sell to we buy houses company all of the headaches associated with selling as a for sale by owner are avoided.

5. You can probably sell no matter what shape your home is in.

A home can deteriorate considerably over a long time period, especially if regular maintenance is not conducted and repairs are not made as necessary to keep all components of the house in good working order. You may have a home that you want to sell that is virtually uninhabitable. But even in this state, there is probably a company that will still buy it. Not for very much money, but someone will still purchase it if just to obtain the lot that the house sits on.

Cons of selling to a house flipping company


1. You will probably make less on the sale.

When you hire a real estate agent, he or she is working to make you as much money as possible from your sale but it will take longer and requires more work and time from your side. Hiring a Realtor since it takes longer means that seller would have to pay for all the house related expenses while is sold. It is true that the Realtor takes a percentage of the sale price as financial compensation, so he or she is motivated to fetch the best price but at the end you could be getting less money. 

2. You don’t have the option of improving the home to improve the selling price.

Even homes that are in relatively bad shape can often be improved to attract better quality buyers. In fact, that is probably what the house flipping company is planning on doing with your home.

They will buy it, fix it up, sell it and make a profit. When you sell with a real estate agent, you get to make the improvements and reap the rewards. However we must make the distinction between fixing or repairing and improvements. When the property needs things to be fixed that takes time and money and maybe it will payoff. On the other hand and depending on what types of improvements the house needs usually seller would never recover the amount of time and money invested on improving the house. 

There are things you can do to a home that does not cost a lot of money that many owners don’t realize. Here is a how to make your home more appealing when on a budget.

3. You give up control.

A house flipping company is focused on finding sellers who are desperate or just don’t care anymore. If you do care and you are not desperate – you just want to sell the house – there is no reason to work with a flipping company. You wind up working with a company that does not have your best interests in mind.

House flipping companies are not necessarily bad. They fill a niche and are capable of helping homeowners who have no other options. For those with no options, getting paid to get out from under the home is an opportunity worth taking. But if you think that maybe you could get more for the home, a house flipping company is not the partner you want.

As you can see there are many pros and cons of we buy houses flipping companies. What you really need to be concerned about are the scammers!

House Flipping Risks

While many “We Buy Houses” flipping companies are completely legit, there are some that are not. Selling to a real estate investor is something that requires some due diligence on your part. It is imperative that you do careful research when dealing with a house flipping company.

There are some common house flipping scams that all sellers should be aware of. The preceding link does an excellent job of summarizing many of the known scams out there. Just be careful and make sure none of these things mentioned are happening to you!

One thing you should know is that there are a few legit ones “We Buy Houses” companies out there and one of them is PHP Houses

You should put extra scrutiny into any of these companies. Calling a house flipping company from a sign on a telephone pole and establishing a relationship with them without any research could end up being financial suicide.

Find a company where the investors are also Real Estate Agents and/or Brokers Before Choosing A House Flipping Company. Real Estate Agents and Brokers are liable to the State Professional Regulation Departments and the local Realtors Association for every transaction they make and usually know the legalities and markets better.

Depending on your circumstances, a house flipping company may be the best option for you. However, it is worth speaking to a Realtor first. As long as you are talking to a reputable real estate agent, he or she can give you quality advice on your options for selling the home.

The Investor/Real Estate Agent can come by and take a look, analyze your local market and give you a clear picture of what you can make off of your home – with or without repairs.

Talk to a trusted investor/real estate agent, then decides how to move forward. Maybe a house flipping company will serve your needs. Or, you may discover that you can make a lot more money by hiring an agent and selling your home.

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Avoiding Foreclosure

The FL Foreclosure Process

Most homeowners need to borrow money from the bank before buying a property. It’s often a necessary but unwanted acquisition due to lenders’ perplexing contracts, extensive regulations, and steep interest rates. But what happens when you cannot meet those monthly mortgage payments? You’ll probably unwillingly experience the dreaded FL foreclosure process, and will be looking for help.

Homeowners dread the F-word, and for good reason. Foreclosures can leave you homeless while ruining your credit. Although lenders are required to inform you about the many consequences resulting from a defaulted loan, the FL foreclosure process can seem sudden and life-altering. But how do foreclosures work? With knowledge and a little effort, you can effectively meet your state and lender’s guidelines to avoid foreclosure completely.

How Does Foreclosure Work

the foreclosure process and what you need to know

Although state laws and lender regulations can differ, the steps of a foreclosure remain relatively similar. The foreclosure process timeline typically begins when a property owner cannot make principal or interest payments on their loan. If the loan borrower cannot assume payments or foregoes communication with the lender, steps will be taken to ultimately foreclose on the home. If a homeowner cannot pay their mortgage, the property being paid for with the loan will be seized and sold.

The foreclosure process timeline initiates when a homeowner misses their first monthly mortgage payment. You won’t be penalized immediately; most lenders allow at least a week to make the missed payment without charging late fees. If a borrower cannot meet the payments, late fees, and interest after three to six months, the mortgage company will order a Notice of Default (NOD). The NOD provides information on the total amount owed and how much time an owner has to pay and is delivered by either a trustee or sheriff.

All foreclosures also include a Notice of Sale (NOS). The NOS is another physical document that is given to homeowners and posted on a property, usually within three months of the NOD. It identifies the date and time of the foreclosure sale where the property is publicly auctioned off to the highest cash bidder. Once a borrower receives a NOS, little can be done to salvage their foreclosed property.

The Types of Foreclosure

foreclosing on a house

Even though the foreclosure process timeline is generally the same, there are different types of foreclosures allowed. Knowing their dissimilarities can help a homeowner resolve each with ease. According to the U.S. Department Housing and Urban Development, there are three different types of foreclosures: judicial, statutory, and strict. Their differences are minor but include court involvement, how notices are delivered, and the general outcome of the FL foreclosure process.

A foreclosure is designated judicial when the process involves the courts. All states allow a judicial foreclosure, so knowing its procedure is vital. After the three to six months of missed payments, the lender files a lis pendens – “lawsuit pending” – with an attorney. This type of foreclosure involves the judicial system to provide evidence of a default while getting the court’s approval to initiate a NOS. If the borrower doesn’t respond to the NOD within 30 days of the filed suit, the courts will sell the mortgaged property at auction.

The process is a tad different with a statutory foreclosure. A statutory foreclosure is also known as the power of sale due to a common clause found in many deeds of trust. The clause allows the trustee to skip the court’s approval and sell the mortgaged property themselves, enabling a cheaper foreclosure process. If the homeowner dismisses the NOD or cannot pay within the waiting period, the mortgage company sells a home at auction. These non-judicial foreclosure auctions are typically more expedient than the court’s.

A strict foreclosure contains the simplest foreclosure process timeline, but only a small amount of states allow it. The lender will file a lawsuit directly once the homeowner defaults. If the balance is continually unpaid, the court will give the mortgaged property back to the mortgage holder, effectively skipping a home auction. The seized home is now deemed Real Estate Owned (REO) and is independently sold by the lender. A strict foreclosure usually only occurs when the borrower’s debt amount is greater than the property value.

Foreclosure Consequences

foreclosed home

The FL foreclosure process is time-consuming, complicated, and costly. It also comes with great consequences to the homeowner that defaults on their property.

Although foreclosures wipe out some debt, some stick with the homeowner even after relinquishing the property. The original mortgage obtained at the home’s purchase and some debt from a second mortgage can be paid after the home is sold. However, property owners are still required to pay second mortgages back to the lender if they’re not paid off in full after a foreclosure sale. When homes depreciate or there’s a significant drop in the real estate market, the foreclosure will be sold for less than what is owed. A court could decide to enter a deficiency judgment against the homeowner. The judgment holds the owner accountable for paying the difference and allows the lender to seize any other assets the property owner may have.

Another major consequence deals with the borrower’s credit. Mortgage foreclosure is considered almost as damaging as filing for bankruptcy to most tax experts. A foreclosure, no matter the type, will remain on the credit report for seven years. This seriously limits a homeowner’s ability to borrow in the future and may have a significant impact on your credit score.

How to Stop a Foreclosure

using bankruptcy to avoid foreclosure can lead to problems

There are several stages within the FL foreclosure process in which to bring your loan current and halt the bank from seizing your home.

The easiest way to stop a foreclosure is to catch up on the missed mortgage payments. Sometimes there are extenuating circumstances keeping a homeowner from repaying. But if you can afford it, pay them off; you’ll avoid a foreclosure on your credit and be able to continue living at your current residence.

Another way to exit the foreclosure process is by getting a loan modification to lower payments. A borrower can achieve this by either requesting their loan to be paid over a longer period or at increased interest rates. Many lenders are willing to work with homeowners to make reasonable payment options.

Homeowners can also avoid foreclosures altogether. Lenders are willing to work with cooperative borrowers, so communicate. If a mortgage company sends a NOD, don’t ignore it! Responding to the notice and staying in contact with the lender will slow the foreclosure process.

You can also prevent foreclosures by knowing how much you owe each month and save accordingly. Although this is an obvious step, many homeowners will prioritize other expenses over paying their monthly mortgage. Create a budget and save the payment due date in your calendar. Responsible homeowners keep up with what they owe.

The threat of a foreclosure can be scary to a homeowner with an existing mortgage. But knowing how foreclosures work will help you avoid the consequences of a defaulted loan. By utilizing these preventative measures, you’ll be able to skip a financially debilitating foreclosure completely, and continue to live in your dream house!

An Option to Avoid the Foreclosure Process

doing your reasearch

If you are facing foreclosure and have run out of options, you might consider getting a cash offer from a home buyer. PHP Houses pays cash for houses so that you can sell before and close before the foreclosure. This usually allows you to keep the foreclosure off your credit and keep some of your equity.

Give us a call at (407) 519-0719 to learn more about how we can help you avoid foreclosure in Central Florida.

The information presented in this article is for educational purposes only and should not be considered legal, financial, or as any other type of advice.
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Selling a House Fast

Sell A House Fast in Central Florida: 5 Tips For Success

5 tips to sell a house fast

Considering selling your house and want to do it as quickly as possible? Of course! Most people want that. We buy and sell houses all the time and have some proven tips on how to sell a house fast in Central Florida… or any other town or city.

We use these tips every time we sell a house we’ve fixed up. Most were learned when the real estate market tanked back around 2008.

With foreclosures up 81% back then, there were a lot of houses on the market clamoring for the attention of the reduced amount of buyers looking to buy a home.

We were forced to find ways to compete and get houses sold. In this article we are passing those hard-earned lessons on to you so that you can better be able to sell your house fast in Central Florida or anywhere.

sell a house fast

Selling a House Fast Requires the Right Price

We quickly noticed that the single biggest factor in getting a house to sell fast in any market is the price.

Yes, how much you are asking for your home plays a huge role in being able to get offers right out of the gate.

Consider this from the point of view of buyers looking to buy a house in your neighborhood or area. They are likely going through dozens or even hundreds of listings that are most likely sorted by price.

Everybody wants a bargain. They are judging your house and its price against what your neighbors are asking for a similar house.

Pricing a house is not the easiest thing to do in the world so we wanted to provide some quick tips to help you determine a great price:

  • Check comps

    Find out what other similar houses are selling for and how fast they are selling. Take the closest matches that sold quickly and average the selling prices.

  • How does your home compare?

    If you are working with an agent, you can have them show you pictures of the houses that sold. If you aren’t working with an agent, many times you can see pictures of houses that sold on Zillow.com or Realtor.com. Compare the fixtures and finishes to what you have in your house and adjust your price up or down based on what you find. Always be considering this from the buyers’ perspective. What would you think when you saw the houses that sold and then came and saw your house? It’s very important to be objective here.

  • Have friends give their opinions

    Sometimes we as homeowners are seeing things through a different lens. We need to get unbiased opinions from friends or family that are completely objective.

For more great tips on pricing your house for sale, check out this article on Zillow.

cash offer from a house buying company

Get an Offer from a Cash Home Buyer

Not everybody is aware there are people who buy houses cash that will make you an offer to buy your house quickly.

You might wonder,”why do they buy a lot of houses?” They buy for investment purposes and usually have the cash to close faster. This allows you to sell your house without even putting it on the market.

What’s the catch with these house buying companies? They usually don’t pay full market value. That might be an issue if you need to sell for top dollar.

Of course, this option doesn’t make sense for all home sellers. It makes the most sense for people that don’t have the time or energy to deal with getting their house fixed up and put on the market. This is also a good solution for sellers that don’t like the idea of having dozens of complete strangers going through their house, looking at all of their stuff.

We buy homes in Central Florida and would love to talk with you about what we can pay for your house.

market your house for sale everywhere

Market Your House Everywhere

The quickest way to sell a house you put up for sale is to get as many eyes on it as possible. You need to make sure everybody knows the home is for sale.

Get an ad in the local newspaper

If you want to sell a house fast in Central Florida, you might consider putting an ad in the local newspaper or their website.

Use a Listing Agent

Real estate agents can list your house on the MLS (Multiple Listing Service) which will help you get maximum exposure.

If you decide to sell your house without an agent, you can get a ‘For Sale By Owner’ sign from HomeDepot or Lowe’s and stick it in your front yard. I highly recommend you get the directional signs as well. This will allow you to point people driving around your area to your house that is for sale.

Use Social Media

Take lots of pictures and do a video walk through. You can post these on Facebook and Youtube.

One social media platform is perfect for pictures: Instagram. Give it a try.

Tell everybody you know

Tell everybody you know that your house is for sale. Ask everybody you talk to if they know of anyone looking to buy a house in the area. You never know who might be looking for a house just like yours. This will certainly help you sell a house fast.

gives concessions to sell a house fast

Give Concessions to Sell Quickly

There are lots of ways to entice buyers to give your house a little extra attention.

Here are some of our favorite ways to sell a house fast by giving concessions:

Agent bonus

Reward agents for finding you a buyer. We’ve given bonuses of $1,000 or more for buyers’ agents that sold their buyers on our houses. You can do the same.

There are agents that look for listings of houses for sale where these bonuses are available and start showing their clients these houses first. Get yourself on the top of potential buyers’ must-see lists with this tip.

When buyers see your house first, they may just fall in love with it and make you an offer. Offering an agent bonus has allowed us to sell a lot of houses faster over the years.

Try it!

Closing cost assistance

Not all buyers need assistance with their closing costs…but most do!

If you offer to help pay closing costs for your buyers, they will much more likely to buy your house over others on the market.

In order to sell a house fast, you should consider offering this assistance. Be sure to write into the description of your listing your willingness to pay some closing cost assistance. It really goes a long way in persuading buyers to give your house more consideration.

Home warranty

This tip for selling a house fast is not mentioned often. Providing a home warranty gives buyers a peace of mind.

They might be nervous that they are overextending themselves when buying your house. They will likely feel better knowing that if something goes wrong, they have a warranty that will cover it.

American Home Shield offers a great home warranty that is pretty comprehensive. It’s great because it doesn’t cost an arm and a leg either. We’ve offered their warranty dozens, if not hundreds of times.

Offering a home warranty gives your home a competitive advantage that will allow you to sell your house quicker.

If you want to shop around and find the perfect home warranty, check out these reviews.

stand out when selling your house

Be Different

This piece of advice is one that I hope my competitors that sell houses don’t catch wind of. We make it a point to find economical ways of setting our houses apart so that they sell much faster.

The secret is spending some time to see what houses are for sale that your home will be competing with. Then, make note of the similarities between the houses.

  • Do they all have beige walls with white trim?
  • Do they all have formica counters?
  • Do they all have oak cabinets?
  • Do they all have brown exterior paint?

What you want to do now is find some things to do that will make your house stand out because it doesn’t just match all the others that are for sale.

You sell a house fast by making it unforgettable.

Great websites to get cheap design tips are Houzz.com and Pinterest.

Final Thoughts About How to Sell A House Fast in Central Florida

Whether you situation dictates you sell a house fast in Central Florida or somewhere else, you can follow these 5 tips we’ve outlined to pretty much guarantee a quick sale.

If you feel you’ve benefited from this article, please share it!

We’d love to hear any tips you might have for selling a house fast. If you have some tips, please don’t hesitate to leave them in the comments below.

The information presented in this article is for educational purposes only and should not be considered legal, financial, or as any other type of advice.
Categories
We Buy Houses Scams

We Buy Houses Scams In Central Florida and How To Avoid Them

Have those advertisements for people saying, ‘we buy houses’ caught your eye and made you question whether they are we buy houses scams? This is a very real concern for people considering this kind of service.

we buy houses scams signs

Trying to sell your house fast in Central Florida? Are you concerned that you might get taken advantage of or have the wool pulled over your eyes?

Join the club.

The traditional way to sell a house is using a real estate agent and having them list your house.

Maybe you would rather skip the hassles and sell to a Central Florida cash home buyer instead. Every year, thousands of people sell their homes directly to investors rather than listing with an agent. In fact, nationwide, pending home sales jumped to 5.5% in February of 2017, according to Investor’s Business Daily.

If you’ve never sold a home before or never sold one without the services of agent, it can be quite scary. It can seem downright overwhelming.

I’m going to share some tips for you to make sure that who you are working with is a legitimate house buyer and not someone looking to scam you. By the end of this article, you’ll be armed with what you need to know to choose the right company to buy your house.

The Sniff Test For We Buy Houses Scams

There are a lot of legitimate house buyers in Central Florida, but there are also some people that are running we buy houses scams. It can be difficult to know which one you might be dealing with.

The stakes are high. People have lost lots of time, money and even their houses to scams run by investors that don’t have any sort of moral compass.

It can be difficult to determine if who you are dealing with has your best interests at heart. Most of the time there are “tells” that will clue you in to their true intentions. These signs can mean you are caught in some of the we buy houses scams being used today.

  1. Application Fees – If a house buyer wants you to pay them any kind of fees to evaluate your house, run away as fast you can. This person is likely a scammer. Honest home buying companies don’t make money charging application fees. They make their money from buying houses, fixing them up and either renting or selling the house.

  2. Kitchen Table Closings – If a buyer wants you to sign over the deed to your house anywhere other than a title company or attorney’s office, you’re likely going to be making a costly mistake. Any sale you have should happen at a title company so that you can make sure the paperwork is handled properly and all liens are taken care of.

    Please do not mistake this for signing a contract to sell your house. That can and probably will happen at your house. Just don’t sign any Warranty Deeds, Quitclaim Deeds without the services of a real estate attorney or title company.

  3. Too Much Information is Given – Phony bank statements and pre-approval letters for loans are given without being requested from untrustworthy real estate investors. These investors present these documents to make them appear legit but these documents can easily be faked.

    This occurs a lot when the supposed “investor” lives in a different city than Central Florida and communicates almost entirely by email. I don’t know about you, but I’d rather work with somebody local that I can meet face to face. Just because they are not local doesn’t immediately make them a scammer, but I sure would rather know who I’m dealing with.

Scammers Don’t Always Look and Act Like Used Car-Salesmen

used car-salesman

It’s not always easy to pick out who the scammer is in a crowd.

Sometimes it’s the overly nice gentleman.

Sometimes it’s the straight and to-the-point woman.

Don’t let your guard down just because someone smooth talks you. You need to get the facts about who they are and what they can do for you.

We will discuss exactly what to ask for to determine whether you are dealing with the right kind of house buyer or not later in this article.

It may seem impossible to determine whether someone is genuine or running we buy houses scams…but it’s not.

One way is to trust your gut. If something doesn’t seem right…it probably isn’t.

Another way is to determine whether their actions match their words. Actions always speak louder than words and I’ve found them to be very telling about people.

If a Central Florida home buyer says he or she is going to meet you at your house at 2:00 on Wednesday and they show up at 2:20…they might not be trust worthy. They certainly don’t value your time or respect it.

If they walk through your house and tear it apart with harsh words about the house or your situation, you are probably dealing with someone that could care less about your feelings or what you get out of the deal.

Harsh words about your house are solely intended to force you to lower your opinion of the value of the house. This type of investor may as well be wearing a plaid suit and lots of gold chains. They are worse than a used car salesman…

A respectable and reputable real estate investor will always treat you with respect. They will show up on time and show empathy. When viewing houses, trustworthy house buyers will look for the positive aspects of the house as they know full well they will be making repairs and breathing new life into the home.

Other Not-so-obvious Semi-Scams to Watch Out For

There are many other situations that I call ‘semi-scams’ to watch out for. These may not be illegal or full-blown we buy houses scams but are intended to take advantage of you and your situation.

It’s best to avoid these at all costs.

  • Sub2 or Subject To Scams – Some investors use a strategy called ‘Subject To’ or Sub2 when using shorthand. This is where they buy your house from you “subject to” the existing mortgage. They will want you to deed them the house without paying off your mortgage.

    The biggest problem with this is that the mortgage is in your name and, if it goes unpaid, directly impacts your credit!

    It’s pretty easy to see why this type of deal is important to avoid. You would basically be trusting an almost complete stranger with your credit. No thanks!

  • Short Sales Scams – Short sales are where a bank or mortgage company agrees to release their lien on your house in exchange for less than the principle balance of your loan. Typically, you have to pay off any principle balance and interest due for them to release the lien. When they agree to accept less, you are performing what is called a short sale.

    A short sale in and of itself is not a problem, it’s when this is attempted when it doesn’t make sense that causes a lot of problems for Central Florida homeowners.

    If you are behind on payments but have a lot of equity and a home that doesn’t need any major repairs, you might have an investor convince you to attempt a short sale.

    Short sales can drag on for months and the bank may wait until just before a foreclosure auction to deny it. Then what are you going to do? You won’t have time to sell it. It’s almost certain to be lost to foreclosure.

    Some careless investors don’t give you all the facts when they attempt a short sale on your house. You also need to be aware that even if the bank agrees to take less for the lien to be released, they could put a deficiency judgement on you for the amount the loan was shorted. You will probably also have to report the amount shorted as income which could cause your income tax owed to be a real problem for you.

How to Avoid These Potential Scams

Do your homework to avoid we buy houses scams.

With some quick research you can easily determine whether somebody has a history of doing what they say. You can also find out if they’ve been in business for a while which shows they are stable and worthy of your business.

Crooks rarely stay in business long and almost always have negative reviews.

reputations are everything

  • Check testimonials – Be sure to look for online reviews and testimonials for the house buying company you are considering. Any reputable business will have statements from previous customers that can attest to how they do business. You can read dozens of reviews from customers of PHP Houses here on our website. Take a look at them for an example of the types of things you will find for any honest business owner.

  • Check the Better Business Bureau – The Better Business Bureau (known as the BBB) allows consumers to leave reviews and rate local businesses. You should only work with house buying companies that have a strong rating with the Better Business Bureau.

    If a company is not rated with the BBB you can not have as much faith in their ability to do what they say.

  • Check how long the company has been in business – Great businesses have been around for a while. According to the Small Business Administration, nearly one third of all businesses fail within the first 2 years. If you find a business that’s been around for longer than 5 years, you can probably bet they are still around for a reason. They probably are doing something right.

  • Make sure to close at a title company – There is so much legal talk in contracts and deed documents that you simply must have a title company or real estate attorney handle the closing.

    This is to ensure that everything is done properly.

    The last thing you want is for something to be done incorrectly that you have to deal with years down the road.

    You could even run into a situation where you are sued because something wasn’t handled properly.

    Title companies provide title insurance that will protect you from most of these problems. It’s definitely worth it.

  • Don’t sign documents you don’t understand – This one seems to be common sense but is definitely not common practice. If you don’t understand something, don’t sign it.

    This is also where a good real estate attorney or title company can be worth their weight in gold. They should be able to break it down for you in layman’s terms so that you know what you are getting into.

    Great house buying companies will also take the time to clearly explain everything you are agreeing to in a way that makes sense to you. If you find you are working with someone not willing to do that, don’t work with them. Find someone else that buys houses.

Conclusion

When selling a house fast to a local house buying company, you should be aware of the signs of a potential we buy houses scam.

Armed with the knowledge from this article you are much better prepared to find a great house buyer for your house that will treat you with respect and do what they say they are going to do.

If you would like to get a fair cash offer for your Central Florida house, do not hesitate to give us a call at (407) 519-0719. We would be glad to answer any questions you have and help you in any way we can.

The information presented in this article is for educational purposes only and should not be considered legal, financial, or as any other type of advice.