PDX Renovations

Tag: #webuyhouses

  • How to Sell Your House (Very) Quickly | PDX Renovations Can Help!

    How to Sell Your House (Very) Quickly | PDX Renovations Can Help!

    probate and selling an inherited house

    Last week I reviewed estate houses and why it’s often best to sell the house quickly in “as-is” condition in “Should You Sell Your (Inherited) Estate House As-Is?”.   And, if you need more reasons why you are likely to realize in hindsight that it would have been better to sell for cash right away, please see my several earlier blog posts on “inherited houses.” Need to Sell Your House (Very) Quickly?

    This week I’m going to give you a list of ways to sell off your estate house, your current home, or any unwanted real estate, without any cash investment or repairs on your part, within a matter of a very few weeks – even days.

    Here is a quick look at how “cash-buying” or “selling for cash” works, regardless of how you do it.

    • The process is fast because the buyer is a knowledgeable professional who has seen it all and is accepting the property just as it is today.
    • The buyer pays cash, so there is no delay in arranging bank financing.
    • Unlike an ordinary home buyer, there are no requests to the seller to fix anything.
    • Once the professional buyer visits the property and does his/her own inspection, shortly thereafter, he/she makes a firm cash offer and is ready to close on acceptance.
    • The seller does little but accept an offer, sign the deal, and walk away with the cash.

    How do you find a reputable professional cash buyer to take this house off your hands now?

    • An online search will quickly turn up cash buyers in your area.
    • Post your house on Craigslist, asking for the highest and best cash offers to be submitted by a date you set.
    • Go to a local Real Estate Investor’s Club meeting to offer your property for sale and get information. You’ll receive valuable leads and advice and perhaps some offers.
    • Wholesalers can put together deals quickly and may be found through Real Estate Investor’s Clubs and sometimes through internet searches.
    • Terms such as “renovations” and “fix-and-flip” can also help turn up cash buyers.

    How can you know you are dealing with a reputable company?

    • Check with the Better Business Bureau – are they listed, do they have reviews, have there been any complaints, and how were they resolved?
    • Ask for good leads at the Real Estate Investor’s Club mentioned above. You may be surprised at how much information will be forthcoming from people with real experience.

    Reputable professional cash buyers work with people in your situation every day. They have structured their business, as I have with PDX Renovations, to fill a gap in the real estate market when an owner with little or no cash to put into a house needs to move it on quickly. They will let you leave with cash and without the headaches and heartaches of the traditional selling process for a house needing a lot of work.

  • What to Tell a Cash Buyer About Your House

    So you’ve decided that before pouring money into repairs and upgrades to help your house sell on the standard home-buyer market, you are going to approach some cash buyers and see what kind of offers come in. What should you be prepared to tell a cash buyer in your first phone contact?

     

    • Your name and contact information – surprisingly people do forget to tell someone how to reach them in their message! Give the phone number you want to use to talk to them, and don’t automatically route them through your work number if you want more privacy.

     

    • What, specifically, do you hope the cash buyer will ultimately do for you? Do you want to just sell the house for cash and be done with it; or are you asking for help to fix it while you stay involved with the sale to a consumer? Or do you need information about all your options? Remember, they don’t know exactly what you have in mind or if it’s a match for what they do.

     

    • How soon do you want to close? Do you want to finish this within a week or two, or do you have more time?

     

    • The location of the house, starting with the address, of course. It can also be helpful to mention the nearest major cross-street and business or shopping district. It gives the cash buyer a mental head-start to know the property is just west of a major thoroughfare and a half-mile from a popular shopping district.

     

    • The general house description – bedrooms, square footage, etc. – and when the house was built. The standard description includes the size of the lot, number of bedrooms and baths and if there are extras such as a basement. The cash buyer will see the details for themselves when they visit, so you don’t need to spend time on an exhaustive description.

     

    • A short mention of the property condition, without elaboration, is all that is necessary. Remember that the cash buyer is a professional who will make his/her own on-site assessment. You could say simply that “everything works but it’s old” or a quick heads-up that “there are sagging ceilings and a sinkhole in the backyard”.

     

    • Let the cash buyer know when and how they can visit the property to perform their own inspection. Is there a lock box so they can do it on their own, or do you need to meet them there? Have alternate meeting times ready so you can schedule on the first phone call and save time on call-backs.

     

    Some cash buyers may want to do a detailed question-and-answer on the phone; others just want the property address and your phone number. Be prepared when you first make contact, and you can save time by avoiding having to call again with more information.

     

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    Question or Prompt for Response – open ended, relevant

    So you’re going to make your first call to a cash buyer – what information should you have ready?

     

    Call to Action

    Do you have a piece of property (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/

  • Should You Sell Your (Inherited) Estate House As-Is?

    Should You Sell Your (Inherited) Estate House As-Is?

    Estate House

    An “estate house” is one listed for sale by the estate of a deceased person. For the purposes of this blog post – and for your information, if you are watching real estate listings – don’t confuse the term “estate for sale”, meaning landed property (like the Biltmore Estate), with an “estate house”, which can be any type of house being sold by the estate of a deceased person.

     

    If you are not familiar with the estate process here is a very short overview. When someone passes away with or without a will, all the person’s assets and debts are put into the legal possession of the “estate”. The estate is a temporary legal trust that executes the terms of the will, disposes of assets, and settles debts, before transferring the remaining assets to the heirs. Real estate property may be sold by the estate to meet the terms of the will, or to settle debts, or it may eventually be transferred to the heir(s).

     

    Last month I discussed many of the issues surrounding inherited houses and why it is essential to deal with them promptly – please read my blog posts on “inherited houses”. Many of the issues also apply to estate houses. This month I will discuss more of the specifics of converting estate houses (and inherited houses) into cash.

     

    The cash needed to prepare an estate house for sale is normally whatever assets are in the estate – that is, whatever the deceased person left behind. You may be the executor handling the estate, or you may be working with an attorney or other executor.

     

    • Get a thorough inspection of the house to know the true condition and what is necessary to prepare it for a traditional home-buyer sale. Especially if it was the long-time residence of the deceased person, expect a lengthy list of issues, many of them costly.

     

    • Have a real estate professional help you understand the local market for this house. What are recent sales prices for similar houses in various conditions, good and bad?

     

    • How much cash does the estate have to prepare the house for sale? Are any of the heirs willing to chip in more?

     

    • Is it worth it to put the cash of the estate and/or the heir(s) into the house to sell, or is it smarter to sell as-is, quickly and for cash, to a fix-and-flip company such as PDX Renovations?
      • Fixing the house may be a long process requiring knowledgeable management of sub-contractors and many choices of what and how much to fix.
      • Do you know what the building code requires, and what most benefits the house in this particular market? It is common for first-timers to put too much money into things that don’t improve marketability and overlook even small items that make an impression on home shoppers.
      • Expect hidden defects to emerge during the fixing process – even large show-stoppers. There is no control over what it may ultimately cost to get the house into the condition you are targeting.

     

    Selling quickly for cash is frequently the best option, by far, to solve the financial and other problems of an estate house. In next week’s post, “How To Sell Your House (Very) Quickly”, I will tell you more about how to find a reputable cash buyer who will take the house as-is, and allow you to move forward with the final details of the estate.

     

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    Question or Prompt for Response – open-ended, relevant

    Can you afford your best guess as to what it will cost to prepare a house you expect to inherit for sale?

     

    Call to Action

    Do you have a piece of property (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/