5 / 18 / 12
Jennifer
Categories
Sell House Fast
Sell House For Cash
Whittier

The New Alternative to Sell Your Whittier House

Problem Selling Your Whittier House?

If your problem is selling your home the traditional way, then you should consider the alternative way to sell your Whittier house.    One thing I am asked about on a weekly basis, if not daily, is, “Why do people sell their Whittier houses to you?”  I’ve been thinking about it almost every day since I was first asked that question over 6 years ago.

The simple answer is, it’s hard to sell a home the traditional way in today’s market.

It’s that simple.  Whittier homes MUST be fixed-up and look REALLY nice to get the offers coming in.  And to get your Whittier home looking perfect and having all the repairs done costs A LOT of money.  Even if you have the money, are you sure you want to invest your cash into something that isn’t a GUARANTEE?  Ask yourself if you have the time, ability and financial support to do it right now?  If you don’t, you may lose thousands, if not tens of thousands, of YOUR hard-earned dollars.

That’s where I come in, I am a sure bet.

My offers are CASH OFFERS, I don’t ask for repairs or fees of any kind.  In fact, you can even leave the house with unwanted items still in it.  And, I will pay for your escrow fees, too.   No matter what your situation is, I will figure out a way to make it work, so you don’t have to worry about it.

I love what I do and I really enjoy the people selling their houses in Whittier.

If you are serious about selling your Whittier house, it’s a positive outcome for both of us, in my book.  So, enter your information into the “Let’s Get Started” form.  You won’t be disappointed in contacting me.  I have a strong track record of making sellers very happy to sell to me.  What do you have to lose?
Click here to tell me about your house.
5 / 15 / 12
Jennifer
Categories
Sell House Fast

Why Should I Sell My Southern California House For Cash

The Top 5 Reasons to Sell Your Southern California House For Cash

This is a great question.  I’m often asked, “What is the difference between selling my Southern California house for cash and selling to buyers getting a loan?”  As someone who also sells houses, I can give you 5 great reasons (I can give you about 10 more, too, but I will just give you the top 5).

It’s Quick

Selling your house for cash to an investor like me is a quick and short process.  There just isn’t a lot of paperwork and a bank to slow the escrow down.  You sign your paperwork, I sign mine, I transfer the money to escrow, escrow closes, and you get your money.  When a bank is involved, the paperwork doesn’t come all at once, it comes in parts, often over a month or two.  And that’s if the buyers are working with a good bank.

Selling AS-IS

Aren’t all houses sold “AS-IS”?  No, during the inspection period, a buyer can ask for lots of repairs or a few repairs that cost a lot of money.  If you’ve been through an inspection or read an inspection report, you know that inspectors point out every single little flaw with a house.  That is their job.  Well, if you were the buyer, wouldn’t you want your house to have the repairs completed before you bought the house?  And, a bank may require that certain repairs be made before making the loan.  AS-IS means no repairs need to be made by you, the seller.  Nice, huh?

No Real Estate Commissions or Fees

As an investor, I don’t ask for any commissions.  This is a straight sale from seller to buyer, no middle man.  Typically, the listing agent gets 3% and the buyer’s agent gets 3%, and that comes out of the seller’s pocket.  6% is a lot of money!  And, unlike other investors, I pay all of the escrow fees.  To me, it creates transparency in the transaction.  You won’t find any hidden fees with me.

No Contingencies

Contingencies in a typical real estate sale are many.  On a California Association of Realtors’ Purchase Agreement there are at least 3 contingencies:  the inspection contingency, the appraisal contingency and the loan contingency.  That is a lot of hurdles.  The sale can be lost in any of those 3 areas.  You can fall out of escrow on any one of those at any time.  It’s heartbreaking to fall out of escrow after 60 days because of the loan contingency.  I know, it’s happened to me!

No Loan Approvals

As I mentioned above, I have fallen out of escrow more times that I’d like to mention because of the buyer’s loan being denied.  And it doesn’t typically happen in the first few weeks, it happens very late in the escrow.  And the loan officer won’t let you know how bad it is, until it’s already lost.  Why?  The loan officer is fighting hard to make the loan go through.  That’s how he gets paid.  It’s truly one of the most frustrating and upsetting parts of trying to sell a house in Southern California.

Wouldn’t you rather avoid the pitfalls of selling your house?

Give me a call or fill out the form, and give yourself the gift of a quick sale.

$5700

Photo Credit: $5700 by AMagill

5 / 13 / 12
Jennifer
Categories
Sell House For Cash

“Option to Purchase” Tustin House | What Not to Do When Selling to an Investor

Are you actively selling your Tustin house?

Well, you aren’t alone.  As you know, thousands of people are trying to sell their homes fast and for a reasonable price.  Some sellers don’t want to use a real estate agent.  There are many reasons why people choose not to use a real estate agent.  (You can read my blog post on selling without a real estate agent for more info on that.)

This weekend, I was working with a homeowner who wants to sell his Tustin house.

He hasn’t worked with a real estate investor before, so I gave him some insight on that.  While we went back and forth on price, repairs, costs associated with escrow, holding a property, etc., he received another offer on his Tustin home.  He also shared with me that it was an “Option to Purchase” contract from another investor.

What is an “Option to Purchase” contract?

It is a contract that basically states that the buyer has the “option” to buy his home for a certain price and (usually) within a certain period of time.  Usually, the buyer on the contract is NOT the end-buyer, but merely serving as a middle-man.  Once an investor has a signed “Option to Purchase” contract, he then goes out and tries to find a buyer.  If it doesn’t work, then the investor isn’t out any money.  But what about the homeowner who wanted to sell his Tustin house fast and without a real estate agent?

The Tustin homeowner shared a copy of the “Option to Purchase” contract with me.

He was under the impression that the investor had a buyer already lined up.  That may be the case, but I will make a big bet, that there is no end-buyer.  To me, this is no different than putting your Tustin house on the MLS with a real estate agent.  There is still going to be a period of time when potential buyers will want to see the house.  There is still going to be escrow, inspections and a lot of unknowns.  Will this homeowner be able to sell his Tustin house fast?  I suspect not.  I don’t see many advantages of using this contract over doing a regular sale.

Do you really want to sell your Tustin house fast?

Call me, I will make you a cash offer on your house.  I am the buyer, so there isn’t going to be a delay.  And I pay all the escrow fees, so you know EXACTLY what you will take away in CASH.

Click here to fill-out the form!

I look forward to hearing from you!

Deal!

Photo Credit: Deal! by bayat

5 / 13 / 12
Jennifer
Categories
Inherited House
Sell House For Cash

Selling Your lnherited House? Why Renting to Relatives = Trouble

Selling Your lnherited House?

When someone calls me to come see their house and make an offer on it, I never know what is going to happen.  I usually meet the owner at the front door and I’m invited in for a tour.  Sometimes, though, the owner doesn’t live in the house.  We usually have to schedule a time to see the house that is convenient for the tenants, too.  On many occasions, I find out that the tenants are relatives.

Why Renting to Relatives = Trouble

I also find out that the relatives haven’t paid rent in months and what they were paying was well-below market rent.  Because the house isn’t producing much income, the owner hasn’t kept up on repairs either.  Do you see the vicious cycle developing?

The argument on the owners side is:  ”I offered my relatives a low monthly rent because they are family.”  The relatives then say “There are lots of repairs that need to be made, so we shouldn’t have to pay any more in rent”.  Then the toilet starts backing up on a regularly basis.  The owner doesn’t make the expensive repair.  The tenant/relatives don’t think they should have to pay rent at all when the house isn’t being maintained.  And the problem worsens.  Because it’s a family issue, the problem festers, arguments start, etc.  Meanwhile, the house isn’t being maintained.

Now you have bad blood in the family.  And you have a house that is developing major maintenance issues that cost more the longer they go unfixed.  I can’t tell you how many times I have seen this.  It’s not enjoyable for anyone involved.  But, left unresolved, the house will lose value because of the repairs.

Oh and did I mention how well relatives tend to take care of their family’s house?  I have never ever seen a house that was well-maintained when the situation is owner and tenant are related.

So, if you are in a similar situation, do you think it’s time to sell?  Or if you are thinking of renting to family, think twice.

Selling an Inherited House

This blog post is part 1 of a 4-part series on inherited houses.  I will talk about what to do when you inherit a house, how to decide whether to rent (not to relatives, of course) or sell the house and other topics around inherited houses.

House

Photo Credit: House by Images_of_Money

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