PDX Renovations

Tag: #webuyhouses

  • Top 4 Financial Reasons to Skip the Realtor and Sell for Cash

    My recent blog post “Top 10 Reasons to Sell Your Home Without a Realtor” gives a tongue-in-cheek rundown of the practical inconveniences you can avoid by not taking the traditional route of marketing a move-in-ready home through a realtor – everything from confining rebellious pets to keeping your cupboards neat and tidy to removing your extra furniture.

    Here are 4 compelling financial reasons selling your home to a cash buyer beats going through a realtor:

    • No commissions – You can lower the price and increase your takeaway at the same time.  The standard 6% realtor commission on a $200,000 home is $12,000 – what buyer wouldn’t be thrilled to split that with you!
    • No repairs, updating or upgrading – The house has been fine for you and your family for years, but the home-buyers working with realtors have something fresher in mind. When listing through a realtor you can lay out gobs of cash and take the time to do the work, or you can have the realtor list it as-is and risk having no offers, or dealing with offers wanting price concessions.
    • No complicated realtor offers asking for price concessions – What you don’t update or fix, the buyer’s realtor and inspector will spot. Negotiating an offer, perhaps more than one, with various requests for discounts to upgrade the carpet, re-paint, replace the hot water heater and so on can be confusing and frustrating.
    • Time is money – How long before you will get an offer you can live with? When can you make an offer on your next house? While your house sits on the market, rising or falling prices affect the affordability of both this home and your next one. Interest rate changes can have major effect on your strategy.

    Cash and time are two of the most important reasons for selling your house fast to a cash buyer, as-is, and avoiding a long journey through the traditional realtor sales channel. Realtors have their place, but you do have alternatives that may work far better to sell your current house and move on to the next one.

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    Question or Prompt for Response – open ended, relevant

    Would you rather sell for cash without investing your own money into preparing your house for marketing, or would you prefer to do the work and sell it through a realtor?

    Call to Action

    Do you have real estate (house, lot, or land) you’d like to sell fast?  Fill out our Sell Fast Form and get a cash offer within one hour of us viewing the property. https://patient-liger-dev.10web.site/sell-house-quick/we-buy-homes-bring-us-a-deal/

  • Use Your Equity to Get Into a Bigger House and Skip the Marketing & Sales Process

    marketing & sales process

    Here’s an example of how you can quickly convert your current home with some deficiencies into the down payment on your dream home without making repairs or updates – a bigger, better home for a growing family. – Marketing & Sales Process

    Houses needing work to prepare them for the market can delay your next purchase and siphon off the cash resources you want to use for a down payment on the next house. But it doesn’t have to be that way.

    In our example, Mark and Susan Miller are hypothetical homeowners with a growing family. Several years ago, they carefully selected a less-expensive older home to purchase with the goal of building equity and putting aside savings at the same time. Now, with a relatively modest mortgage balance and a nice amount of equity, they are pleased to see a marked increase in the value of similar houses sold over the past year as their local economy rebounds.

    The Millers would like to upgrade to a larger house and have read that now is a good time to market their current house. Home buyers are faster to close in rising markets before houses become even more expensive and interest rates go up. That’s also true of the Millers’ desire for their next house – they would like to get out of this one and into the next one while they can afford more.

    But after speaking with a real estate agent, they realize that a fair amount of cash is needed to bring their older house up to marketing standards as desirable enough to attract offers sooner rather than later. And it will take time to complete the work to correct deficiencies that haven’t bothered Mark and Susan but will be important issues for a home-shopper.

    It’s discouraging to realize that part of the savings they had planned to go to a down payment on the next house will be spent preparing to sell the old house.  Even then, completing the work gives time for interest rates to rise and prices to climb on their next house. And they will still face price concessions to get this older property sold and allow them to move on.

    Or … Mark and Susan can find a cash buyer who will take this house off their hands, as-is, quickly. Their nest egg/down payment on the next house remains intact, and their equity is converted into additional cash. No time and money spent fixing the old house, no long and uncertain marketing and sales process. The Millers are out shopping for their next home while the deal on their old one is completed within a couple of weeks or even less.  The Miller family is ready to move on and enjoy a new, bigger, better house!

  • Turn Your Equity Into Cash Now! Call PDX Renovations

    Turn Your Equity Into Cash Now! Call PDX Renovations

    Turn Your Equity Into Cash

    Owning real estate with little or no mortgages or liens sounds great!  Except that a house is an ongoing drain on your finances for maintenance, repairs, taxes, and insurance.

    If you shirk the upkeep to save money, it is disheartening how fast your house will lose value and show disrepair. Turn Your Equity Into Cash.

    Do you say the house you bought or inherited is an investment that is going up in value? But that is “unrealized gain” – it means nothing if you don’t sell since the market could soften again.

    If a $200,000 house gains 5% value in a year, that’s $10,000 of a paper asset to weigh against the real cash expenses of insurance, taxes, and upkeep that may be even greater.

    In comparison, your monetary investments are earning real cash money for you, the cash you can spend or invest for more real earnings.

    If you have built up significant equity in your property or inherited a house with few or no encumbrances, it’s strictly a theoretical paper asset until you convert it to cash now and put the money to work earning for you. Lock in the gain before the market flattens or reverses.

    You may hesitate to put the house on the market because you don’t have the time, patience, or even the cash to prepare it for sale and go through the process of marketing and selling to a traditional home buyer.

    But there is another way – sell quickly, as-is, to a professional cash buyer. I explain how in my blog post “How to Sell Your House (Very) Quickly”.

    Inheriting an unencumbered house is a great example of the difference between equity and cash in real estate. You must actively keep your inherited house in good repair and well-maintained, pay the taxes and insurance, and continue to pour cash into your “free” house for as long as you continue to own it.

    Or, you can sell it fast with no further cash input on your part and put those funds to work earning for you instead of costing you.

    Cash buyers like PDX Renovations can get you the cash you want or need quickly for the equity you’ve created in your house, sometimes in as little as 24 hours.

    Cash that can earn returns for you without ongoing high costs, cash to settle old liens or debts, or clear up your back taxes. Convert your equity into cash that isn’t just a number on paper but is truly making your life better.

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