Selling To A Real Estate Investor

Transcription

1 Selling To A Real Estate Investor Learn How to Sell l Your House Fast and in AS IS condition We Buy Houses Fast & in as is Condition Office:

2 3 Options to Sell Your Home for Maximum Speed and Profit Option #1: Selling with a Realtor Realtors are great if you have plenty of time to sell and your house is in excellent condition. There are thousands of realtors in Massachusetts, and let's say you were to pick one that has successfully closed some deals and is experienced. The realtors will likely walk through your property and give you advice on what should be fixed, cleaned up or removed. Then you ll sign a 6-month to 1-year listing contract and they ll put it on MLS (Multi Listing Service). Most listing agents will charge 6% or more depending on the situation for this service. They will handle all the calls, all of the paperwork, qualifying the potential buyers, and presenting you offers. Typically 3% goes to the agent that finds the buyer and 3% goes to the agent that listed the property. Once the property hits the MLS the fun begins! You ll have lots of people coming into your home, looking around and checking every nook and cranny, 7 days a week, and quite possibly at all different times of the day, as everyone has different work schedules and time commitments.

3 This means your house has to be spotless ALL the time. This can be very intrusive for most people. Once a buyer is found, which takes on average 4 to 6 months, your agent will open escrow and the buyer's inspection period will begin. During this period, several inspectors will come to your house and check EVERYTHING! This typically includes a home inspector, who will check almost everything that you could think of and more, plus often a roof inspector, pool inspector, termite inspector, etc After all of these inspections are completed, most buyers will give you a list (and we've seen some really long lists!) of items that expect you to fix, or instead they may ask for a large price reduction. If you don't agree to do it (or negotiate something they will accept), the buyer can walk away and you're back to square one. Once you get past the inspection period, the buyer s lender will order an appraisal to ensure that the value and condition of the property is acceptable to the lender. This appraisal process, which used to be fairly routine, is now blowing up many traditional real estate deals. Now, let s say the appraisal comes in fine than you can go to closing. Usually the buyer and seller split closing costs, which can cost you roughly 2-4% of the sales price, and are taken out of your proceeds at the closing. In addition you have 7-9% in Real Estate commissions & repairs for the retail buyer. Success Sold! Realtors are great if you have plenty of time, your house is in excellent condition and you don t mind people coming to your house continuously. The MLS will likely allow you to get the highest gross price for your house (before commissions, repairs, closing costs, time on market), but your net proceeds may not be that far away from what we can offer you today! Option #2: For Sale by Owner (FSBO) Selling your home "By Owner" is very similar to Option #1; the only difference is YOU have to do all the work. Market the property, find the buyer, show the house, negotiate the sale, write the contract and discourses, and so on. Most buyers will need to get financing so there will be a risk of appraisal. There will still be closing costs, repairs and fees that need to be paid. This is a great solution again if you have time and are comfortable in handling the sales process. The

4 process will take longer as you won t have Realtors seeing and potential showing your house to buyers. Most FSBO sell at 83% of asking price. The process can be frustrating as you are responsible for the whole transaction. FSBO's work fairly well for sellers when it is a seller's market (more people buying properties than trying to sell them, characterized by a low number of average days on market). Option #3: Selling to a Real Estate Investor The key to selling to a real estate investor is to find someone you like and trust. There are so many 'newbie' investors that just finished a weekend seminar and are out to "get a deal" and prove that they are the next Donald Trump. This is NOT the type of person you want to have try to purchase your home. Most are broke and have never purchased an investment home in their lives. You want an investor that is not only confident but also experienced and capable of buying your house -- like someone that has purchased at least 50+ homes in the area and has dealt with both simple and complex transactions. What are some of the reasons people sell their houses to Whiteacre Properties? Due to our in depth knowledge of the local market and vast experience renovating houses in the greater Boston area, we are generally able to close faster and offer you more money than our competition! In addition we always operate with a high level of professionalism & integrity, which provides for a great selling experience. We are always looking to purchase houses that are in need of minor TLC & updating to major renovation & repair. In addition we specialize in providing our services to homeowners who are experiencing the following circumstances: *Fixer Houses/Bad Condition If you own a property that is in need of minor TLC & updating to major renovation & repair, then we would interested in purchasing your property. We specialize in purchasing houses that are not best suited for the retail market in their current condition. Contact us today

5 *Vacant Lots/Oversized Lots We not only renovate houses, but we also build new construction in-fill houses. If you own a smaller house within the greater Boston area we would be interested in purchasing your property. In addition if you own a property that would be considered oversized or double lot we would also be interested in purchasing it. *Abandoned Houses If you own a home that has been abandoned because of condition or any other circumstances, we would be interested in purchasing the property. We specialize in renovating houses and improving neighborhoods, so we look to purchase and bring abandoned houses back to pristine condition. *Probate We Specialize in Purchasing Probate Properties. If you have inherited a property and need to get it sold in order to close probate, Whiteacre should be your first call! Most probate houses have at least some deferred maintenance and can be extremely outdated, so by contacting us you will be able to receive a cash offer for the property, that will allow you to close the probate estate quickly and easily. *Fire Damage If you own a property that has been involved in a fire of any sort we would be interested in purchasing it. Most of the time fire damage can be too large of a project for a homeowner to take on, so we can provide you a cash offer for your fire damaged house. *Short Sale If you happen to have purchased your property during the real estate boom years of the early 2000 s and owe more than your house is worth, then Whiteacre can help! We are short sale experts and have full time short sale negotiators on staff to help you sell your home even though you owe more than its worth! *Behind on Mortgage Payments If the down economy has caused a decrease in your monthly income, then you are not alone. Many Americans are currently dealing with this same issue, and Whiteacre is able to help! If you are behind on your payments we would be able to purchase your property quickly while at the same time getting all past due balances with your lender paid in full! *Tired of Being a Landlord Do you have a rental property but no longer want to be a landlord? Do you have tenants that are not paying rent on time, or worse yet just not paying? Or do you have a long term rental property and just want to sell so that you can convert your equity into cash? If you are experiencing any of these situations then TTM can help by purchasing your property. *Getting Divorced If you are getting divorced and need to sell your house quickly, then we can help. Office:

6 *Tired of Real Estate Agents If you are sick and tired of dealing Real Estate Agents, having to show your property, picky retail buyers and home inspectors, then Whiteacre is your fast and easy solution. *Expired Listing Did you list your property previously with a Real Estate Agent but for whatever reason the house didn t sell? This happens quite often in today s real estate market, but We buy houses all the time that were at one point listed for sale with a realtor. *Moving If you are moving and need to make sure your house is sold by the time you leave then Whiteacre is your solution. We have bought many houses from people who set up their closing date in advance with us, so that way they can move on time and get on with there lives! *Can t Wait Months Finally if you just plain don t want to wait for the current average of 120 days on market that it takes to sell your house on MLS, then Whiteacre is your solution. We can give you a cash offer and close in 7 days or less! Where do I go From Here.. If you are reading this book then that means you filled out our Online Seller Questionnaire. If you have not already you will be contacted by our office manager Enis, who will then get some additional information about your property so that we can complete our initial due diligence. If you like you can also give us a call between 9am & 5pm, Monday through Friday at After speaking with us, we will likely schedule a time for us to come out and view your property and meet you face to face so that we can better get to know both the property and you. Then within 24 hours we will be able provide you with a non-contingent cash offer for your house, and we will be able to close in as quickly as 7 days! We use Michael Gatlin with Gatlin Law, in Framingham, for all of our title work. They will put all of the paperwork together and schedule a closing. This process usually takes 2 weeks, however if the situation is urgent we can get it all done on a 'rush' basis in as little as 7 days.

7 Remember, we will buy ANY property in Middlesex, Suffolk and Worcester County, in AS IS condition. We will pay all closing costs and fees. The transaction will not cost you one dime out of pocket and our team will make it as seamless as possible. What to Watch Out For Watch out for newbie investors that will say just about anything to get you to sign their contract. Its very likely that you will just be wasting your time. Most of these inexperienced investors do not have a team of people around them to ensure success, nor do they really have their own funds to close on your property. We get calls all the time from people who decided to go with an inexperienced investor who over promised and under-delivered, and 45 days later the seller is still stuck with the property, so they come to us to get the deal done right. We will always do what we say we re going to do and the transaction will be seamless.

8 Give us a call right now at or visit us online at: We d be happy to meet with you today and give you an as is cash offer for your property! We Buy Houses Fast & in as is Condition