When you are trying to sell your house to an investor, price matters just as much as timing. While the sales price does matter, the amount you walk away with is what you should really care about. A lot of times, when I’m trying to buy a house from someone, I find out they have a “higher” offer. More times than not, this “higher offer” has several tricks included. Make sure you read what you sign, and watch out for these common tricks:[Read more…]
Many of you know that my husband and I are looking after my elderly parents and hoping to help extend a good quality of life for them. We recently built them a guest house on their property, and we are moving into the main house so we can be close by.[Read more…]
Have you signed a contract and now you cannot get in touch with the buyer? Has the closing date already past? Is the investor and/or title company giving you the run around? If you are in this situation, you are not alone! I get several calls from home owners every month that have sold their house to an investor and now they can’t get anyone to answer the phone. Here is my advice on how to handle this.[Read more…]
Selling to a real estate investor starts with an appointment to see your house. The appointment typically takes around 30 minutes. The investor will want to look inside and outside of your property. He or she may ask to look inside the attic and will possibly climb up on the roof. He or she will be taking notes of the repairs needed at your property and estimating the costs associated with making those repairs. After evaluating the house, the investor will most likely make you a cash offer that closes quickly.[Read more…]
So, you have decided to sell your home to a real estate investor? I am sure making that decision has already brought some emotional relief to what no doubt can be a very stressful situation. But as I have warned in previous articles, not all real estate investors are created equal. Unfortunately, there are guys and girls out there who have no intention of conducting themselves honestly and have every intention of using your difficult situation to unfairly or illegally profit.
Here are 3 specific items to help you avoid common pitfalls that can occur when dealing with unprofessional so-called real estate investors:[Read more…]
Most real estate investors I know are good and honest folks who are working hard every day to make a living and provide for their families. But just like in any industry, there are a few that have less than honorable intentions. I have seen families lied to, contract prices renegotiated at the last minute, fake earnest money receipts and made up bank statements. I have even seen families who were tricked into signing over the deed of their home! Real estate investors are not regulated and do not have a license or any special certification. It is therefore important that you do your homework. You should only work with people and companies who are legitimate and have above board reputations that can easily be verified with a simple google search.[Read more…]