We buy houses in Pine Castle, Florida

As real estate investors with a growing portfolio, one of our missions is to buy distressed houses that are in need of improvements. Below we can see a before and after shot of a kitchen in urgent need of an extreme makeover.

To increase the value of the house for a quick sale, the outdated fan was taken out of the window and an exhaust system was then placed above the cooking area. Improvements like this are common in a city like Pine Castle where the majority of residences are single floor houses that were built in the 60’s and 70’s. There are also numerous single and double-wide mobile homes in the central part of Pine Castle that can be considered dated by today’s standards. However, both types of homes can become much more valuable and sell quickly after extensive remodeling.

Above we can see how we changed an outdated kitchenette to a more modern one. The metallic feel and lack of food preparation space of the first kitchenette was a major drawback. After we buy houses we focus on a lot of remodeling projects like this so that they become more marketable.

Typically this kind of work should be done for the aging mobile homes throughout Pine Castle as well as the nearby cities. It is our goal to change the overall physical and cultural landscape of Florida one house at a time. Just drive down Nomad Avenue to see all of the unkept mobile homes and you will be able to share in our enthusiasm. When we buy distressed houses like these we are not put off by their appearance because we understand the potential that they will have after they are renovated. Because we are real estate investors that can renovate, you can sell your house or mobile home fast.

5 Reasons to sell your Pine Castle house to us

1) The housing market is starting to slow down. If you own a home that is your residence it makes sense to sell your house to us now so you can get the most money. Selling your house fast is possible when working with real estate investors.

2) If you own an investment property and are renting it out you aren’t getting much per month. Doing a random search on Wilks Avenue I found a small house that can be rented for $750/month with no lease. In more affluent areas in Pine Castle, one months rent can be around $1200. Compare these figures to an average of $1800/month in the neighboring cities of Orlando. Now think about the future of Pine Castle when you will have to accept a lower rental price to entice renters because of a slowing housing market. Also, you know that as a landlord it’s tough to keep a house occupied with no gaps between renters.

3) Pine Castle is a city with extreme variation in house prices. A house on Fairline Road might sell for around $160,000 but across town on Matchet Road you will find homes around the range of $350,000. If you would like to sell your current home fast for a larger one to accommodate a growing family you don’t have to go very far. Your children won’t have to change school systems which will make the transition a lot easier.

4) In the last 10 years, Pine Castle has had a large influx of people that are accustomed to living below the poverty line. This can be seen in the city’s drastic shift in voting preferences. The bottom line is that if you own an ugly house and have limited finances for renovation, we would be willing to buy and restore it to accommodate a burgeoning market. When more housing flips occur for lower income families the quality of their lives rises, not to mention the city’s overall standard of living.

5) If you are behind in mortgage payments, selling your house fast to us can prevent foreclosure. In this situation there are a few options that can facilitate the payment process. They range anywhere from a short sale to allowing us to fully take over your payments. The kind of arrangements we can offer you depends on the location and how much equity you have in the house.

Choosing the right company is important

Have you heard the bad stories of house flipping companies that threaten to back out of a contract a couple days before closing? Usually they do this to get a bigger discount off the buying price. Homeowners in Pine Castle are especially susceptible to this tactic because many houses there are in urgent need of repair. The house flipping companies can pick one of the major faults with the house and say that it will cost more than expected to fix or that market conditions have changed. Sometimes companies might threaten to back out of a deal just because they made an honest mistake due to their lack of experience.

The reality is that after the appraisal and inspection, the fair value of a home should be clearly understood before making an offer to the seller. It’s impossible to know what a property is worth without physically going out to a property first. So companies that do house flipping deals remotely can’t make promises based on solid information.

Foreclosure

As a real estate investor I do marketing in a lot of neighborhoods throughout Orlando. As I was passing through Pine Castle one day I found this distressed house. You might wonder why the windows are boarded up but the lawn is freshly cut. This is a sign that the house went through a foreclosure and now a bank owns it. This house might stay in this condition for months or years. It depends on what the bank wants to do.

If the former owner of this house had contacted us, he could have sold the house to us quickly and avoided foreclosure. In doing so he could have escaped his situation with good credit and this house would be looking very presentable with a new owner inside.

Saving houses from foreclosure is one good example of how home buyers like us can fit into the real estate ecosystem. But there are other ways that make our business very necessary in Pine Castle and other cities like Orlando. For example, you probably didn’t know that many of the houses we buy look perfectly livable without us having to renovate. A lot times these houses are inherited and the beneficiaries aren’t able to keep them.

Inherited Properties

Many times beneficiaries don’t want the responsibility of having to make mortgage and property tax payments. Some may try to find tenants to offset these costs but they soon find out that this can turn into a disaster. If a tenant misses rent payments a landlord can’t easily kick them out. Plus, there always seems to be a need to repair things that break. You might even have to deal with repair problems in the middle of the night.

Reluctant Landlords

Let’s say the owner of a property is fortunate enough to have a tenant that faithfully paid his rent each month and then chooses to move out without renewing the lease. No doubt the owner will have to deal with the repairs of normal wear and tear.

There might even be serious structural damage to the house that the last tenant’s rent deposit can’t cover. No matter what the repairs are, the owner must get everything fixed quickly to get a new tenant in the house. This is when the owner starts to feel like a landlord and realizes they should call us to sell the property quickly and easily. There might even be serious structural damage to the house that the last tenant’s rent deposit can’t cover. No matter what the repairs are, the owner must get everything fixed quickly to get a new tenant in the house. This is when the owner starts to feel like a landlord and realizes they should call us to sell the property quickly and easily.

Divorce

Unfortunately, families in Florida are not exempt from divorce and when it happens the house needs to be sold quickly. Even when a separation is amicable, the house should be sold before a divorce happens to take advantage of tax benefits.

Most of the people living in Pine Castle are in their late 30s or older, making a divorce more difficult than for those who are younger. Although we understand that divorce is an awful thing, we are there to help both spouses get free and move on. Realtors can do this but the time it takes to sell a house is protracted and is not guaranteed. When we make an offer to buy a house from a divorcing couple the sale is almost guaranteed as long as we don’t find undisclosed damages or liens.

Bankruptcy

Take a good look at this house above. While I was doing my marketing last week on the north side of Pine Castle I took this picture. According to city records, the owner had already filed for bankruptcy about a year ago and is now about to go into foreclosure.

I ask myself why he didn’t just allow his house to be foreclosed on last year instead of opting for bankruptcy. He could have had just one strike on his credit record instead two. By the way, this scenario is common for people who go bankrupt in order to save their house. They believe that since the banks are not allowed to foreclose right after a bankruptcy, that everything will be fine.

The reality is that they eventually lose everything. This specific situation in Pine Castle is a sad one because we could have helped this family before they went bankrupt. They could have sold their house quickly to us and gotten a lot of cash in return. Unfortunately now this family is starting over again with no money after a long marathon of pain and adversity.

Hispanic Demographics

The most interesting thing about Pine Castle from a demographic standpoint is that out of its 13,000 residents, 7,000 are latino. Plus, 4,200 people of this population are foreign born. From these numbers we can understand that the social values of Pine Castle are different than traditional American values.

That’s why the use of credit has a negative stigma in this city. Hispanics know that having cash is a noteworthy goal and that is why they appreciate working with cash home buyers like us for a fast and easy sale of their home.

Statistically, Hispanics would rather sell their house quickly and use the money for an entrepreneurial venture. This is not so regarding their non-Hispanic neighbors who are more likely to lose their house in foreclosure and face the future with nothing.

Conclusion

We’ve covered some pretty compelling reasons why real estate investors are a necessary part of the city of Pine Castle. The first is that there are so many aging houses and mobile homes that need to be renovated before they can be sold. Traditional real estate agents don’t handle these kinds of houses very well because they are not experienced in repairs. They prefer to match buyers with sellers and collect a commission from a sale that isn’t complicated.

The second topic covered is the fact that the housing market is slowing down. The goal of any investment is to buy low and sell high so now is the time to take advantage of quick cash for a new start.

With a population of 13,000 people Pine Castle has large segments that need our house buying services. These are divided into the categories of divorce, inherited properties, foreclosure, job relocation and bankruptcy.

Lastly, the large Hispanic population in Pine Castle favors a system of doing business in cash. They would rather have cash on hand then try to maintain ownership of a home that they will eventually lose. Because Hispanics have an entrepreneurial spirit they are more likely to use cash for business pursuits with a long term goal of prosperity.