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Selling a House Fast

10 Tips to Sell Your Home Fast!

1.    Get rid of clutter. Throw out or file stacks of newspapers and
magazines. Pack away most of your small decorative items. Store
and out of season clothing to make closets seem roomier.
Clean out the garage.

2.    Wash your windows and screens to let more light into the interior.

3.    Keep everything extra clean. Wash fingerprints from light switch
plates. Mop and wax floors. Clean the stove and refrigerator. A
clean house makes a better first impression and convinces buyers that
the home has been well cared for.

4.   Get rid of smells. Clean carpeting and drapes to eliminate cooking
odors, smoke, and pet smells. Open the windows.

5.    Put higher wattage bulbs in light sockets to make rooms seem
brighter, especially basements and other dark rooms. Replace any
burnt-out bulbs.

6.    Make minor repairs that can create a bad impression. Small problems,
such as sticky doors, torn screens, cracked caulking, or a dripping
faucet, may seem trivial, but they’ll give buyers the impression
that the house isn’t well maintained.

7.   Tidy your yard – cut the grass, rake the leaves, trim the bushes and edge
the walkways.  In the winter, keep the stairs and driveway snow free.

8.    Patch holes in your driveway and reapply sealant, if applicable.

9.    Clean out your gutters and polish your front door, doorknob and house numbers.

10.  Finally, list your home with Walter DiLoreto for maximum exposure and to ensure your home gets the attention it deserves.  Walter will be there to help you every step of the way and make sure your home gets sold in today’s competitive market.  Free Market Analysis

Contact Us:
Walter DiLoreto
142 W Lakeview Ave
Ste 1030
Lake Mary, FL 32746
Ph: (407) 519-0719
Fax: (407) 205-1951
email: info@phphouses.com

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Buying A Home Before Selling Your Existing Property

By Bill Gassett

Buying a home before selling an existing property you own is one of those real estate topics that I know gets debated quite a bit at the kitchen table all across America. It often happens unexpectedly.

You might be browsing the online housing ads, or you may just be driving in a neighborhood you like when you see it – a house you want, and for a great price to boot.

Unfortunately, you are still making payments on your current home.

You haven’t put it on the market yet, or you have, but it has yet to sell. Either way, you are in a tight position. Buying another home before selling your current property is a risky proposition for anyone without serious income. It is possible, but for most people, it is not recommended.

The question then becomes is buying a home before selling yours a smart move? Buying a house before selling your existing home is something only you can decide, but there are some things worth considering.

Benefits of Buying Before Selling

Even though most buyers are in no position to buy before selling their existing property, there are still a few benefits worth mentioning. There is a reason why you considered the idea in the first place, so it might be beneficial to review what you would have to gain.

You’re probably considering buying first because you found a property that is exactly what you want or one that is such a great deal that you feel like you cannot pass it up.

The reason could be more space is needed but just hadn’t gotten around to be a serious home buyer yet.

These are all legitimate reasons to want to buy a home, and opportunities like this can pop up, even if you have yet to sell your current home.

Everyone intends to get a great deal, and everyone has a dream home whether they have thoroughly thought through the idea yet or not.

When you come upon a house that fits one or both of these criteria, it can trigger some emotions and desires. You can picture yourself perfectly living in this new place, or you can see how much money you will net once you do sell your home.

You can also look forward to a smooth transition once you sell your home because you will have already purchased your new one.

If you have the finances, you may even see the potential benefits of carrying both houses – the old one with renters paying the mortgage while you enjoy your new home.

This could especially be worthwhile to you if the Real Estate market is on the rise and you see the potential for selling your existing home somewhere down the line for a more substantial profit.

Doing Work Before You Move In

Another significant benefit to buying another home before selling the one you currently own is the ability to go in ahead of time and make the improvements you desire so it is a place you will want to call home.

Some of the improvements that are a heck of a lot easier to complete when a home is vacant are refinishing hardwood floors, painting, and even remodeling projects like kitchens and baths. Many would kill to be able to have all of these things done before the moving truck ever pulls into the driveway.

All of these benefits are things you might gain from buying before selling your property. However, it is worthwhile to look at the risks of such a proposition. There are reasons why so few people go this route.

Risks of Buying Before Selling Your Home

Finances

Buying a home before selling existing property can bring with it a lot of financial risks. The first thing to look at before you go buying the new house is your finances. Can you afford to pay both mortgages for an extended period?

This is something the bank is going to want to know, and something you should be clear on before you jump in. Selling a house is an uncertain business, and it could take months – possibly a year or more – before you can sell. If all things go well, this will not be the case. But you must be able to cover the payments on both mortgages for some time.

If you do not have this kind of money, you probably should not buy before selling. However, there are other ways that people have accomplished this, so they are worth mentioning. Whether they are an option in today’s market is another story, and will depend heavily on your particular money situation, the lending market and whether the housing market is currently for buyers or sellers.

Home Sale Contingencies

Few sellers are interested in home sale contingency clauses; the chances are very slim a prudent seller will be except one – especially in a seller’s market. By making a contingency offer, you tell a seller that you will buy his or her house for a certain price if and when your home sells.

You put your home up for sale as soon as you decide to do this, and you hope that it will sell quickly so you can buy the new house.

The problem with this arrangement and the reason why so few home sellers accept it is that they lose control of their transaction. A seller has no idea if you are going to do what it takes to sell your home.

They don’t know if you are going to price it correctly, market it right, or even have the best Realtor to sell it. The seller is virtually at your mercy to do what it takes to move onto the next phase of the transaction.

The seller on the other hand without accepting this type of contingency is still able to do what is necessary to get his or her place sold by dropping the price. They certainly know if you are truly serious when you put your home under contract you will be back anyways.

A right of First Refusal

Another typical arrangement you see in some Real Estate contracts is what’s called a right of first refusal. You establish agreed upon terms in a contract and give a specified amount of time that the seller has to provide you to exercise your right to proceed with the transaction should the seller receive another offer.

When the seller gets another offer, you have a short period (typically 24 -48 hours) to purchase the home before the deal dissolves – whether you have sold first or not. Most sellers today do not need to deal in contingency clauses, but it could be worth asking if you have no other choice.

What I need to make painfully clear about this is that the chances are incredibly remote the seller will accept either of these arrangements. When you submit, an offer on a property, a good listing agent representing the seller is going to want to know you can qualify to purchase without selling your existing home.

In fact, one of the requirements I will have any buyer who currently owns a home and puts an offer in on one of my client’s homes is to provide a pre-approval mortgage letter that states exactly that.

The language must be explicit – “the buyer does not need to close on their existing home to make this purchase.” This assures the seller that they do not need to worry about a customer completing a transaction before the acquisition. Otherwise, a buyer could use the mortgage contingency clause in most Real Estate contracts as an escape clause to get their deposits back.

In regards to the right of first refusal unless the seller knows you can qualify to buy his/her home without selling it does not make sense to accept this kind of contract. A ready, willing and able buyer has made an offer on his/her home – why would they want to turn around and wait for someone to say yes or no who doesn’t even qualify to complete the sale?

They would be losing a buyer in hand who has nothing to sell! A few years back while working with a buyer client in Central Florida, even though I had explained to them that the vast majority of home sellers would not accept a contingency sale and they needed to get their home sold first, they didn’t listen.

Unfortunately for them, it took losing a home they wanted before coming to grips they needed to get their home listed and sold first.

After being in the Real Estate business for over 14 years, I find this is something that needs to be explained quite a bit. The are many buyers that think sellers are going to accept their contingency offer. Many have in the back of their mind that this is normal or that they have a very salable home – SORRY it does not work that way!

A seller could care less that YOU think your home is marketable.

Bridge Loan

You may have heard of a bridge loan, but do not bet on being able to get one. Bridge loans allow you to combine the payments of the old and the new home together, making it possible for you to transition from one residence to another. However, the catch with bridge loans is that you need to have considerable finances and excellent credit.

Mostly, you need to be one of the rare few that could afford the dual mortgage payments without the loan. A bridge loan was quite common many years ago, but this type of financing is far rarer nowadays.

Renters

Another avenue you can potentially look into when buying a home before you have sold the one you own is renting it out instead of selling. You may be thinking you can just rent out the old house to cover the mortgage while you move into your new home.

While this is an option, it does carry some risks. Renters can lead to severe wear and tear on your property and have little incentive to treat it with love and care you might.

If you are planning on keeping renters there just until you can sell it, you may run into even more problems. Your renters may want to continue living there and might make it unnecessarily difficult to show the house because of this.

Regarding finances, the lender is only going to count a portion of the rent you collect into the equation of whether or not you can qualify to carry both mortgages. Keep this in mind and make sure you do your due diligence before putting in the offer on your dream home.

Buying a Home Before Selling: Do So Only If Financially Wise

Not everyone sells his or her current home before buying a new one. However, the reality of buying a home makes such actions inadvisable for most. You may be able to do it, but make very certain that it is a smart financial move before doing so.

In my experience, most homeowners will opt to get their home sold first and then make an offer on their next place.

By doing so, you remove quite a bit of stress from the equation.

The next worry, of course, will be selling your home before you have found another home you really want to buy. This brings a whole different set of things to keep you up at night including finding temporary housing and a place to store all of your belongings.

These of course are legitimate concerns as nobody likes to think about making a “double move.”

In Real Estate we like to call the decision process for buying before selling or vice versa as the “chicken and egg question.” Essentially which option makes the most sense to do first based upon your life and financial position.

Only you can decide that, but these are the things you need to consider.  As you can see, there are risks and benefits of buying a new property before you have sold your current home. Hopefully, you are now better informed to make the right decision when buying and selling real estate.

PHP Houses
142 W Lakeview Ave
Ste 1030
Lake Mary, Florida 32746
Ph: (407) 519-0719
Fax: (407) 205-1951
email: info@phphouses.com
website: www.PHPHouses.com

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Selling a House Fast

Best Ways To Find Homes For Rent Or Rent To Own

Numerous families are searching for elective lodging programs, things like lease to claim and proprietor financing. Much more families are searching for only a house to lease as contradict to a condo. Well in the event that you have ever attempted to discover a lease to possess house or a house offering proprietor financing, you may see that the undertaking is very testing. You don’t realize which organizations or merchants are legitimate and you don’t have the foggiest idea how to get the most determination to take a gander at. Here are a couple of tips on how you should direct your quest when searching for a decent, quality, lease to claim home or for leasing a house by and large.

Tip #1

Search for organizations that offer lease to claim lodging not proprietors willing to give you a lease to possess rent

Organizations that offer lease to possess lodging are substantially more liable to have assets that can enable you to buy the home you are leasing. Many lease to possess organizations have associations with bank moneylender and now and again have credit fix programs. An individual proprietor is progressively worried about simply selling their home and they might not have great working learning of what can assist you with purchasing the home. Proprietors are considerably more liable to leave the obtaining part to you and won’t offer any assistance.

Tip #2

Begin your hunt online before you drive through a territory

As though you didn’t know,you can look through regions a lot quicker on the web than driving and with the present gas costs, why trouble? Most lease to possess homes are recorded on the web and many don’t have signage on the real property. So you won’t realize that the houses are accessible. Notwithstanding, via looking through online you can qualify the property and ensure you meet all requirements for the property before consistently going out. It is certain to spare you some time.

Tip # 3

Quest the top locales for lease to claim, proprietor financing, or rent choices

The top locales that organizations and financial specialists post to are eBay Classifieds, Craigslist, Hot cushions, and lease bits. These locales have the most lease to claim, proprietor financing properties and will lead you to organizations that have some expertise in these kinds of exchanges.

Tip #4

Think about utilizing a real estate agent

A few real estate agents work with lease to possess and proprietor financing, particularly in this tight market. Call a couple of real estate agents and see what they can discover for you.

Utilizing these tips, you should locate an extraordinary, moderate spot. Simply ensure you discover a program you feel works for you and the conditions of your buy are clear.

Walter DiLoreto is the proprietor of PHP Houses. They have offered many houses to meriting families that were not ready to get bank credits at the time.

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Selling a House Fast

Closing Costs In Florida: What to Know

Florida’s population is in an upswing, growing by more than 322,000 new residents in 2018 alone.

Are you looking to join these ranks? 

Whether you’re moving into a new Florida home or you want to sell yours and look elsewhere, you’ll have to go through a real estate closing process, first. 

No matter which side you’re on, this can be an expensive part of the journey.

Today, we’re sharing a detailed overview of what both buyers and sellers can expect to pay to cover Florida closing costs. This way, you can understand your obligation and set your budget.

Ready to learn more? Let’s get started!

Typical Closing Costs for Florida Buyers

Ready to plant your roots deep in the heart of Orlando? Dream of settling down near South Beach?

Before you can drive away with a title in your name, you’ll pay for a few services, first. In most cases, closing costs for Florida home buyers equal between 1% and 3% of the home’s total purchase price. This helps cover the work that key stakeholders, including title companies, appraisers, lenders, and real estate agents must perform to finalize the transaction.

When you apply for a loan with your lender, you’ll receive an estimate of all of these charges, which will vary depending on your specific situation. Let’s take a look at some of the standard charges that most buyers in the state will incur. 

Title Insurance 

As the buyer, you’ll pay for title insurance, which protects you and ensures that there are no issues with the current title in place. This can run you more than $1,000 in some instances. 

Document Recording Costs

Next, you’ll have to pay to change all official documents related to the property from the current owner’s name to yours. You’ll pay these fees, which cover the cost of creating new land records, to the city or county. They are around $225.

Mortgage Fees

In addition, you’ll incur additional costs related to your mortgage. Some of the most common fees in this category include:

  • Origination fees (Vary)
  • Discount points (Vary)
  • Credit report processing ($25)
  • Appraisal fee ($375)
  • Processor fees
  • Survey fees ($300)
  • Flood certification ($15 to $17)

Escrow Fees

Many sellers will work it out with the buyers to split the escrow fees 50/50. You’ll verify this setup in your purchase agreement. Most buyers in Florida pay around $750 in escrow.

Three Types of Taxes Relating to Florida Real Estate

  • First, all properties in Florida are assessed a taxable value and owners pay an annual Florida property tax based on this value (except churches, schools, government entities). This tax is paid to the local municipality
  • Second, if you sell your home, there may be a capital gains tax on the profit realized from the sale. For this scenario, there are federal guidelines set forth for global buyers under the Foreign Investment in Real Property Tax Act (FIRPTA).
  • The third tax category only applies to rental properties. If there is net profit on the rental income, there may be a federal tax on the profit generated from renting out a vacation home or other investment property. In addition, for short-term rentals there is a sales tax which is generally charged to the renter and submitted to the local government.

Seller Closing Costs to Expect

Think closing costs are only designated toward the buyer? Not quite. Before you can sell your property and start looking for your next piece of Florida real estate, you’ll sign a few forms and pay a few fees, first. 

While a seller closing cost calculator can give you a more exact estimate, let’s take a look at some of the most common fees you’ll incur.

Title Insurance

This fee covers the work required to ensure that you’re the actual owner of the property and that the title is clean and marketable. If the buyer is taking out a mortgage to buy the property, he’ll also pay a title insurance fee to his lender.

In most cases, this fee will be around 1/3 of 1%. If you sell your home for $180,000, for instance, the seller’s title insurance fee would be about $600.

This percentage increases as the price of your home go down and vice versa. This means the most expensive homes in Florida can see a title insurance fee of 1/5 of 1% or less. If you chose to bundle your policy with the buyer, you can often qualify for discounted rates.

Escrow Fees

You’ll also pay escrow fees as the seller. These will vary depending on which party you’re paying them to. In Florida, you may pay escrow to your title company, the closing service or your real estate attorney.

Real Estate Commission

If you work with a real estate agent to sell your home, you’ll pay that person a commission for the services rendered. This will usually be around 6% of the home’s purchase price. 

You’ll agree to a commission rate in writing before you partner with an agent. 

Recording Fees

You’ll pay for the title change to occur and for the real estate attorney to make the official update to the county record. Most sellers in Florida pay to record a reconveyance of the title, which runs around $150.

If there are other forms that your attorney must process before the sale is complete, such as a road maintenance agreement or quit claim deed, you’ll pay extra for that service, as well. 

Sell Smart and Skip Florida Closing Costs

For both buyers and sellers, Florida closing costs can add up. Whether you’re getting new keys or giving yours up, you don’t want to lose a ton of valuable money in the process.

Want to sell you Florida property and avoid this costly hassle?

That’s where we come in.

We buy houses for cash, and we’re looking for homes in Florida. We’ll help you skip the expensive and time-consuming closing process in a few quick steps.

Contact us today to learn more and see how simple real estate can be.

PHP Houses
142 W Lakeview Ave #1030
Lake Mary, FL 32746
P: (407) 519-0719
Fax: (407) 205-81951
info@phphouses.com

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PHP Houses is Buying Houses Directly from Sellers in Central Florida

Homeowners constantly battle obstacles to sell their homes in Central Florida. Local cash home buyer now makes it easy, fast and stress free to sell a home.

SANFORD, FLORIDA, UNITED STATES, July 28, 2019 — Property owners have to deal with countless obstacles while attempting to offer their properties for sale. Discovering a reliable real estate broker can certainly be a challenge for most people. Local multiple listing services (MLS) do not regularly generate the traffic or offers one expects when they list their home for sale. Prospective home buyers possess their own distinguishable requirements. The property inspection and appraisal might not proceed as smoothly as expected for the property owner Certainly there can be unpleasant surprises from financial institutions of the purchasers and other various bad developments. The real estate marketplace in Northwest Indiana is positioned for modest growth but that is normally for new property developments. Selling a new house is less troublesome than making an effort to encourage purchasers with an existing or aged home.

“Our clients’ interests always come before ours. We tell you all of your options based on your situation even if it means we don’t buy your house.” Walter DiLoreto

A large number of aged properties are continuing being listed and unsold in the market for three to four months. Several homes are generating no attraction at all and they are most likely to go unsold even after several months. Within such an unsteady marketplace, homeowners become forced to slash listed sales prices so they can at least sell their homes instead of dealing with their equity help up or even lost. A home’s equity can be accessed only when the property gets sold and closes. PHP Houses is seeking to buy homes exclusively from property owners or sellers in Central Florida. The We Buy Houses company is offering premium cash offers without the requirement of property owners having to utilize the services of a real estate broker. Homeowners do not have to list their residential properties online either. Walter DiLoreto, the founder of the real estate investment company, says that property owners need to directly contact his office which will allow his team the ability to provide the fastest sale possible for property owners in Central Florida.

PHP Houses is an all cash home buying real estate investor. It is not dependent on any mortgage funding or any type of loans from credit unions and other financial establishments. It is a self-sufficient property investor that makes cash offers for homes in Central Florida. House owners can accept or turn down the offer. There is never any obligation. DiLoreto and his team have developed a reputation for making fair cash offers. The company is fair with the property inspection and subsequential pricing evaluation. They do not play games with homeowners money, their first offer is always their best offer. Not only does the company put forth an upfront offer for an outright sale, but it also does so within twenty-four hours of the inspection and can complete the deal, consisting of the financial transaction, in 7 business days.

Property owners who are about to list their houses for sale and those individuals who have been unable to get offers should contact PHP Houses. They need not shell out any money on marketing and advertising. The company does not expect homes to be staged for them to be interested in. Maintenance and repairs, renovations and of property improvements are also not called for. DiLoreto and his team are looking at houses just about anywhere in Central Florida. They are also contemplating properties in any condition. Every single home is evaluated on the basis of its qualities. The weak spots are likewise factored in but they do not typically emerge as a deal-breaker. Average prospective buyers are not interested in homes that repairs and maintenance. They wish to have the most ideal home possible that meets all of their requirements. PHP Houses does not have this type of steep criteria. More of PHP Houses services can be discovered here.

PHP Houses is a family-owned and locally-operated house buying company based out of Sanford, FL. They buy and sell houses throughout Central Florida specifically they buy houses in Sanford, Lake Mary, Orlando, Deltona, Kissimmee, Oviedo, Winter Garden and other areas in Orange, Seminole, Volusia, Lake and Osceola counties. Contact Walter DiLoreto for further information via email at info@phphouses.com or call to speak directly with Walter at 407-519-0719. You can also visit their location at: 

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

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Signs that It’s Time to Consider Selling Your House

House for sale

Are you thinking about selling your home?

Roughly 5.34 million existing homes were sold in 2018 in the United States. And, in addition to those existing homes, 667 thousand newly constructed homes were also sold that year.

While selling your home may prove to be stressful, there are certain indicators that it may be a good idea to sell and move on. If you’re considering the idea of selling your home but aren’t sure if it’s the right time, you’ve come to the right place.

Read on to discover 5 sure signs that it’s time to sell your home.

1. Your family is growing

Before, when you purchased the property, you only considered yourself. You didn’t realize that you were going to marry someone soon and start a new life. Now, you have kids, and it’s not convenient for you to stay in the same house. Therefore, you need to consider selling it so that you can live in a more comfortable place. When your kids are growing, they need their own rooms and won’t be happy sharing rooms anymore.

2. The Neighborhood No Longer Suits Your Needs

If you no longer find the neighborhood in which you live desirable, then it may be time to transition to a new neighborhood.

Let’s take the example of a young couple living in the downcore core but with the desire to raise a family. Perhaps it might be worth it to move outside of the core and relocate to a more residential neighborhood with more variable school options and green spaces.

The sounds of late-night partying might be exactly what you need to think ” It’s time to sell my house“!

3. Low interest rates

When banks offer their loans at a low interest rate, it means that there are several potential buyers out there. Make the most of this opportunity by selling your house. Not only will you sell the place at a reasonable price, but you can also sell it fast. These buyers understand that the rates will not last long, and they need to act quickly.

4. It Makes Sense Financially

Did you get a big break at work? Or, on the other hand, are you living in a home that you feel you can no longer afford?

One of the realities of home ownership is the potential to become house poor. This involves living in a home that requires the bulk of your finances and leaves your wallet with very little after the mortgage payments.

Speak with your financial advisor or mortgage lender to see what you can best afford.

5. It’s a Seller’s Market

A seller’s market involves a real estate market in which home inventory and quality is scare and sellers are able to witness much profit in their sales.

Be sure to listen to the ups and downs of the current market. If the market is beneficial to sellers, it may be worth listing your home for sale to see what sort of prices buyers are willing to pay for your home.

Is It Finally Time to Sell?

If you find yourself relating to the above signs, it might be time to sell your home.

In one’s lifetime, a person in the United States is estimated to relocate approximately 12 times from beginning to end. Whether your family is expanding and you’re searching for something larger, or your needs have changed and you need a home that reflects these changes, people move for a variety of reasons.

If you’re ready to sell your house call the experts in Central Florida PHP Houses to get a Free Evaluation and Estimate of your property.

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

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Why Real Estate Is Still One Of The Best Ways To Make Money

make the best investment: magnifying glass analyzing a house, with sector newspaper, stats, keys, wallet and mortgage contract

Want to add more money to your income streams but not looking to play the stock market? Then it might be time to consider real estate.  Real estate is the perfect opportunity to accumulate wealth. In fact, real estate is possibly the best way to make money in your local market.

Here’s how and why.

Real Estate means options for income and profit

One of the first things to decide is whether you want an income stream or a profit. Each will put more money in your pocket, but through different means and with different levels of commitment.

  • Rental Income – Rental income can come from both short or long-term strategies. Investors often find properties that are ideally suited for long-term rentals, while many homeowners are exploring short-term rental possibilities such as VRBO. Either way, you will spend money upfront but the cash returns over time make it well worth the initial investment. Not only will you produce an income stream, but you can also enjoy appreciation, equity pay-down and tax benefits as a landlord.
  • Cell tower leases – Another, lesson-known revenue revenue stream possibility is cell tower leasing. As more and more people carry cell phones, more cell towers are needed. Cell tower companies are increasingly turning to property owners to discuss installing and maintaining these towers, sometimes small enough to fit on a rooftop undetected. One word of caution: property owners are not likely to understand the full value of their property and will be sold on the fact that they should use market-standard lease rates. Your land may be worth far more than you think to a tower company. Consult an expert before signing a contract.
  • Fix and flip – There’s a reason HGTV is flooded with shows about flipping houses. Flipping homes ideal for people who are patient enough to seek good deals on homes for sale and can manage contractors.  There are a few companies that buy houses for cash in Central Florida and PHP Houses is the best option if you’re in Central Florida for the purpose of selling them to house flippers.  Taking an existing piece of property and increasing its value, through repairs and staging can mean selling at above market value.  Money is needed initially to get started with this plan but rather than a cash stream over time, you can earn a sizable lump sum that can be used to repeat the same process again.  Just be sure you take the time to read house flipping tips and advice to avoid the most common mistakes first time flippers tend to make.
  • REITs – Technically Real Estate Investment Trusts are playing the stock market. However, they have lower volatility than stocks. REITs can only invest in real estate to produce income and they must distribute at least 90% of income back to shareholders in the form of dividends. In addition to rich dividends, REITs offer diverse exposure to real estate assets and inherent tax advantages.  As with flipping, it’s important to take the time to investigate before jumping but here are 3 available REIT options currently recommended.

The best part about building wealth with real estate is that virtually anyone can do it. Depending on the amount of time and initial investment you wish to spend, the possibilities are endless and the profits sizable.  With proper research and education, real estate can truly be one of the best ways to make money.

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

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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