Sell your house fast for cash in Forest City
Don’t you hate those ‘We Buy Houses’ signs on the streets of Forest City, Florida? They are such a nuisance and so you might be tempted to think that real estate investors are scammy. Truthfully some of them are, but they are not to be mistaken with the experienced investors who do professional work. Without them houses like this one below would remain in a state of disrepair throughout Seminole County.
When you look at this house you really have no idea about the situation the prior homeowner was going through. He could have been laid off. Maybe he just inherited this property and didn’t need the extra expenses of mortgage payments and maintenance. Tax liens are another possible reason which would bring any homeowner to the closing table instead of losing it through a foreclosure.
Elderly in transition
One segment of motivated sellers who would like to sell their house fast is the elderly. Some are looking for an opportunity to move into a retirement home but just haven’t felt secure about the options that are available. Others are in dire financial straits where they just need the money from the sale of their house.
In either situation the main concern revolves around the arduous process of packing, moving out and settling at their new residence. This can cause them to procrastinate about selling their house for years. And predictably as each year passes by the issue of relocation becomes more difficult.
Help with logistics
We understand this hurdle and others that elderly homeowners face and that is why we are prepared to help with the logistics of moving. We can come out to the property ourselves and help with packing.
We can also rent a U-Haul truck and have it out to the site for the move out day. In Forest City, Florida there are 3 U-Haul dealer locations to choose from which will facilitate a quick and convenient move out.
Lastly, the flexibility of the move out date should never be a concern because we let you decide when to move out. Staying in the house past the closing date is a possibility as well.
One of these houses had an urgent situation where the homeowner needed to sell fast. Can you guess which house?
The answer is the house to the right. It was in pre-foreclosure status when I took the picture and they only had 3 months to sell. The owner of the house to the left is a bank so the urgency to sell is not as great. If the prior homeowner of that boarded up house had made the simple decision to sell the house fast for cash, he would have been in a much better position right now. Plus, the neighborhood wouldn’t be looking at an eyesore. If the neighbors knew what this home does to the value of their own homes they would be furious.
I often show pictures of distressed houses together with well maintained houses in the same post to let readers gauge the variety of houses that we buy. Real estate investors are not only focused on the low level houses like the one to the left. We buy all kinds of houses in any situation.
I mentioned before that the house to the left is owned by a bank. A clear indicator of this is the freshly cut lawn. A house in post foreclosure is not excused from lawn care and that’s something that banks hate because their business system is not geared to be streamlined in this area. That’s why they are keen at selling a house fast at auction.
The beautiful house to the right is in pre-foreclosure status just like the one to the left. However, I could understand from talking with the woman at the home that it will not fall into the hands of a bank. She was sensible and knew that selling the house quickly for cash was in her best interests.
Cash from your house sale
For someone like this woman, the ‘cash’ element of a sale is very appealing. It can cure the financial duress that seems to easily ensnare all of us at one time or another. If you were someone who was in a financial bind, how would you spend the money from the sale of your house? I’ll jostle your imagination by listing some options below.
How you could use cash from your house sale
A) Pay off your credit card debt and medical bills
B) See a doctor regarding a longstanding condition
C) Buy a new wardrobe
D) Visit relatives that you’ve lost contact with
E) Buy gifts for those you love and don’t love
F) Take a mini vacation
G) Move to a better area
H) Take few weeks to evaluate your life
I) Dream big
Sell your house through a realtor or real estate investor?
If you are in financial distress and need to sell your home the question of how to sell your home has gone through your mind. You know that most people are programmed to sell through a realtor but maybe you understand that your situation is not compatible for that traditional business model.
One reason could be that you need to sell your house quicker than a realtor can find a buyer (average 4 – 7 months). Perhaps your house is in a distressed condition and you can’t make the repairs that the realtor is asking you to make.
Unbeknownst to a lot people, a house that is below market condition can’t easily be sold on the market. The reason is that regular retail buyers expect a house that is ready for them to move in. If they don’t see this your house will remain unsold.
Doing repairs yourself
Below are some typical repairs that house sellers can be responsible for. Keep in mind that if you need to sell your house fast these repairs could prolong the sale substantially.
$310 for each replacement window
$450 for a dumpster
$2,350 to paint house exterior
$11,200 for new siding
$5,300 for a new roof (30 yards wide)
$150 for new tub
$130 for each new interior door
$2,000 for combination of new tub, tile, toilet & vanity
$6,900 to replace kitchen tile, dishwasher, sink, and cabinets
$780 for a hot water heater
$7,000 to replace furnace and entire heating system with vents
$3,000 to replace a furnace
$3,200 to add A/C
$4,000 for new plumbing
$4,400 for new electrical wiring and box
$2,600 to carpet entire house
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$45,470 in total
This brings us to one of the major points of this article. If you need to sell your house fast can you afford any of these repairs? For most people the answer is no.
That is why real estate investors are so valuable. They buy houses at a lower price than the market value of a fixed up house. Then using cash from their own pocket they do the repairs so you don’t have to. Whether you do the repairs before the sale or we do the repairs after the sale, the house will eventually be brought up to market condition.
Covid-19 market crash
Whether you are driving through Forest City, South Apopka or Lockhart, you will find that the neighborhoods are the same. And all have been dramatically affected by the corona virus housing crisis. When you have thousands throughout Florida that suddenly are unable to pay their mortgage, that’s definitely a crisis.
Unexpectedly, people are needing to sell their house fast for cash and we are here to help. If you would like an offer for your home there are just a few steps to take.
Steps for selling your house for cash
1) Call us and tell us about the condition of your home.
2) Receive our offer based on neighborhood comps.
3) Allow an inspector to come into your home.
4) Sign the agreement for the sale of your home.
5) Go to the title company for the closing and get CASH.
The steps are simple but the hardest one always seems to be making the call to get an offer. This kind of call represents a shift that requires a new way of viewing their circumstances. Although reality is painful to face head on, calling for an offer is by far the best thing to do. By realizing the drain on your finances that your house is becoming you can set yourself up for a better future and solid retirement.
Conclusion
This article breaks the myth that real estate investors only buy distressed houses. On the contrary, we buy any house in Forest City, Florida that makes good business sense. The seller gets cash at the closing and we get a house that can be renovated and eventually be put on the open market.
Some buyers lean towards selling through a realtor which is fine when the house doesn’t need renovations. However, those who need to sell a house fast might be putting themselves in a contractual obligation that could be disastrous. If the realtor can’t sell the house fast as promised you will be be forced to sell to a real estate investor while giving a 3% commission to the realtor for doing nothing.