PDX Renovations

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  • 5 Signs Renting Your House is Not for You – Sell A Portland House?

    Are you beginning to regret your decision to become a landlord? Should you stick it out, continue to deal with the frustrations or should you sell the house?

     

    The Portland, Oregon and Phoenix, AZ markets have presented a lot of investment opportunities over recent years. Many investors decided to take advantage of below market values by snatching up rental property. Unfortunately, many discovered that this landlord business is not for them. Here are 5 signs that you may not be cut out for renting your house and that you should consider selling your Portland or Phoenix house.

     

    1. 1.    Your Cash Flow Isn’t Cutting It. Rentals can generate income, but they can also demand a lot of attention and a lot of continued investment. It seems like something is always in need of repair. Association dues continue to go up. Extended vacancies mean no money coming in. All this and other issues associated with renting can create a strain on finances and may result in a loss of money, rather than the hoped for gain in monthly income.

     

    1. The Neighborhood is Taking a Turn for the Worse. The housing bubble and the recession put a lot of financial pressure on people in the Portland and Phoenix area. Foreclosures, unemployment, underemployment have all added up to a pretty ugly scene. As a result, many neighborhoods experienced a disproportional drop in value. Vacant homes, the inability to keep up with routine maintenance and an influx of renters have hit some areas hard. If you own in a neighborhood that has seen significant depreciation, you may want to consider selling that Portland or Phoenix house, because it is not going to get any better soon.  It might get worse.

     

    1. You Can’t Wait for the Market to Rebound. If you have investment money tied up in a property that could be making a better return today, consider selling. The value of housing is not expected to return to former levels for another 5—10 years. For investors who were hoping to make a faster return on the property, this length of time is just too long to tie up funds. Selling now can free up equity that can be used for other investments or to cover daily living expenses.

     

    1. You Don’t Have the Time. Renting can be very time consuming. Advertising a property, interviewing applicants, maintaining a property can all demand a considerable amount of time. For a lot of folks, the time requirements are more demanding than they bargained for and may be taking away from quality family time.

     

    1. The Property has Serious Renovation Issues. Sometimes it just doesn’t pay to keep throwing good money at a problem property. Whether due to age, a negligent tenant or natural causes, knowing when to sell and move on can save unnecessary financial pressures.

     

    One way to sell a Portland or Phoenix house quickly and stop the financial bleeding is to sell to an experienced, local real estate investor. You can sell your Portland or Phoenix house quickly for cash with a real estate investor and avoid continued financial stress and strain.

     

    Are you considering selling your Portland or Phoenix house?

     

    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. 

     

  • Maximizing Your Quick Cash House Sale Benefits

    Selling your house for cash may sound like a good idea to you, but how can you maximize your quick cash sale benefits?

     

    Many homeowners are benefitting from house cash sales. In fact, in many markets, cash for home sales are reaching a very high percentage of sales. One can sell a Portland or Phoenix house quickly, for example, a trend that is growing. We’ve listed here ways to maximize the benefits of a quick cash sale.

     

    Forego the Renovations. Many real estate investors will buy your house for cash regardless of the property’s condition. You may be able to save a tidy sum by avoiding costly repairs, renovations and upgrades that may not add significantly to the value of your property by selling it “as is”. Selling “as is” also speeds up the sales cycle, putting money in your pocket now that you can use for other purposes immediately.

     

    Get the Best Price. Look at recent home sales in your area and understand the fair market value for your house in its current condition. Shop around for a fair price. Be wary of real estate investors who try to lowball you and pressure you into a sale. The ability to sell a Portland house fast, for example, has attracted some questionable investors to the Portland and Phoenix housing market. Look for an experienced, reputable real estate investment firm that knows the area and will offer you a fair price without undue pressure.

     

    Don’t Pay Unnecessary Fees. One advantage of a house cash sale is the ability to avoid fees and commissions associated with traditional real estate sales. You should not have to dig into your pocket for fees, and certainly not commissions, for a house cash sale. Select an offer from an experienced, local real estate investor that offers low or no fees.

     

    Get it in Writing. Protect yourself by getting a written contract with guaranteed payment. Read the fine print of the contract and clarify any questions before signing. If you are still unsure, consult an attorney.  Real estate deals involve a lot of money, so ensure you are protected. If a real estate investor offers you a deal without a contract or without clauses that protect your interests, walk away.

     

    Get Your Cash Now. House cash deals should be fast deals. A big advantage of a cash house deal is that you avoid the time associated with listing with a realtor, putting your house on the market and waiting for buyers to qualify for a loan. The cash you realize from a house cash sale can start working for you immediately. Whether you intend to use the cash to pay off debts or for other investment opportunities, the sooner you have it in the bank the better. Don’t accept a sale condition that requires a waiting period. Ensure you will receive your money at the time of sale.

     

    A house cash sale can provide the seller with distinct advantages. Paying attention to a few details can help maximize the benefits of a quick cash deal.

     

    Could you benefit from a quick cash house sale?

     

    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. 

     

  • Guidelines for Working with Professionals in House Cash Sales

    It seems like everywhere you go these days, you see signs proclaiming, “ We buy houses for cash.”  You, like some folks, may be somewhat wary of these offers. How do you know if they are legitimate?

     

    While you may understandably have some questions about house cash sales, the fact is that all-cash housing purchases have been on the rise for the past few years. In many markets, they can provide some fast relief for owners of distressed properties. Selling a house fast in Portland, Oregon or Phoenix, AZ, for example, has enabled many owners to get out from under burdensome debt.  But there are some questionable companies out there. In this post, we’ll list some parameters to guide your choice of a house cash sale company, so that you can find a reputable company and protect yourself.

     

    Experience. There’s little doubt that the increase in the “We buy houses for cash” ads are proportional to the number of companies created overnight following the housing crash. One way to separate the wheat from the chaff is to evaluate companies based on their experience and history in the market. Some companies have been involved in house cash sales for many years, even during good real estate markets. Others have just jumped in to take advantage of the current housing crisis. Look for a company that has demonstrated longevity as an indicator that they will still be around tomorrow and have a track record of fair business practices.

     

    Expertise. Not everyone is skilled at the nuances of house cash sales. Many involve properties facing foreclosure or owners facing bankruptcy. Such conditions can complicate deals and require the expertise necessary to cut through a lot of red tape in order to deal with lending organizations in a timely and efficient manner. Look for a track record in handling specific details related to your personal situation.

     

    Fees/Commissions/Payment. Selling a house for cash is often motivated by the desire to get the most money for the property in the shortest amount of time. Fees and commissions imposed by some companies only eat into cash assets. While many firms will require some fees or commissions, others do not. Look for low or no fee propositions. Also, look for a true cash deal, one that pays you the cash upon signing. You shouldn’t be required to wait for the eventual resale of the house, terms that some cash buyers impose.

     

    Service. Just because cash house deals can be fast doesn’t mean they are without due diligence requirements. Contracts, title companies and paper work are still part of the process. To make your cash transaction smooth and hassle free, look for a company that provides a straightforward, easily understandable contract and one that provides services such as managing paperwork and dealing with a local title company.

     

    A house cash sale can be a good alternative for many folks if you do your homework to find a reputable company and protect your financial interests. Look for a company that is experienced, has the necessary expertise, doesn’t nickel and dime you with fees, and provides services to conduct a fair, hassle free transaction.

     

    Is a house cash sale right for you?

     

    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.