Friday, March 17, 2023

911Houses: FAQs on selling houses as-is

Sometimes while disposing of a house, the easiest way out might be to sell the house as-is in its current condition without doing any repairs or upgrades. Selling inherited properties, relocating for a job, or running short of money for repairs are situations where one can think of selling a house for quick cash as the better solution. 911Houses, the fast cash-closing real estate company in Florida, answers FAQs on selling houses as-is for quick cash.

 1. "What is selling a house as-is?"

Selling a house "as-is" means that the seller is selling the property in its current condition and will not make any repairs or improvements. The buyer is aware of potential issues and accepts the property as it is. It's usually a faster, less complicated process, but it also carries more risks for the buyer.

2. "Why sell a house as-is?"

Selling a house "as-is" is often used when the seller is unable or unwilling to make repairs or improvements, such as when they're facing time constraints, financial limitations, or simply don't want to put in the effort.

3. "Can I still make repairs before selling as-is?"

Yes, repairs can still be made before selling a house "as-is." However, if repairs are done, it is important to disclose them to potential buyers, so they understand that the house is no longer being sold in its original condition. However, making repairs does not necessarily change the fact that it is still being sold "as-is."

4. "What kind of buyers typically purchase as-is properties?"

As-is properties are typically purchased by investors, handymen, and those looking for a deal on a fixer-upper. These buyers are typically experienced and comfortable with taking on projects and willing to accept the property in its current condition, with the understanding that they may need to make repairs.

5. "How long does it take to sell a house as-is?"

The time it takes to sell a house "as-is" varies and depends on several factors, such as market conditions, price, and location. On average, it can take anywhere from a few weeks to several months to sell a house "as-is." At 911Houses, a professional buyer firm, the process is much faster, and a deal is closed in 7 days.

6. "Will I get less money selling as-is?"

Selling a house "as-is" may result in a lower sale price compared to selling a house that has been repaired and updated. However, selling a house "as-is" can be a quicker and less complicated process, which can be a more attractive option for some sellers.

7. "Are there any legal responsibilities when selling a house as-is?"

Yes, there are legal responsibilities when selling a house "as-is." The seller must disclose any known issues with the property and not hide or cover up any defects. They must also comply with all state and local laws and regulations related to selling real estate. When selling a house "as-is," the following documents are typically required: a sales contract, title documentation, property disclosure statement, and any relevant local or state-required forms. An attorney or real estate agent can assist in determining the specific documentation and provide the guidance needed for a successful "as-is" sale.

If “sell my house fast for market value is what the seller is looking for, 911 Houses will handle all the paperwork and provide a free offer in 24 hours.

 

Why 911Houses.com?

911Houses.com typically closes a deal in 7 days- and that's selling a home for fast cash with direct purchase, a customizable schedule, and a free offer within 24 hours without the hassle of any showings or repairs/ upgrades.

Contact 911Houses to sell homes fast for cash in Florida by visiting https://911houses.com/#contact-form or calling (813) 476-3199.


Sunday, December 4, 2022

911Houses: What types of companies buy houses from sellers?

 What types of companies buy houses from sellers?

Traditionally, selling or disposing of a house is a challenging task. Sellers have to prepare their homes for sale after the necessary repairs are done, contact a real estate agent, list their house on the websites, and stage the house in the hope that they will procure an excellent, profitable bid from the buyers. Due to different circumstances, sellers may not want to carry out difficult repairs or wait a long time before selling their houses. 911Houses, the expert, fast cash closing real estate company in Florida, explores the various other supplemental options in the housing market which help people sell their homes fast.

1. Cash buyers and Franchises

There are a few branded companies that buy homes for cash and have franchises in different cities in the US. These franchises will be run by local people (also called franchisees) of that town who have the advantage of local knowledge. The franchisees will pay a portion of their profit or a fixed income on a regular basis to the branded company for their branding and other help as per the contract. The homes bought by such franchisees will be resold after repairs or kept as rental properties.

2. iBuyers

iBuyers stands for “instant buyers.” iBuyers are a relatively new addition to the real estate market. They buy houses that need significantly fewer repairs and can be easily resold.

iBuyers offer 80% to 98% of the house’s market value which is more than what other cash buyers might offer. However, currently, iBuyers do not currently operate in many cities in the US and hence their service may not be available everywhere. Moreover, a home has to satisfy certain criteria to qualify for an iBuyer sale. iBuyers typically look for owner-occupied homes built after the 1930s and priced between $100,000 and $600,000 (with a lot size of 1–2 acres). Even so, they may also be open to negotiations and may make making allowances depending on the market.

3. House flippers

House flippers are real estate investors who buy distressed and run-down or neglected homes to renovate and resell them for a highly profitable price in the market. A house flip generally happens within six months or a year from the time of purchase to reduce maintenance costs. This expedited renovation process keeps maintenance costs down and ensures a favorable profit.

4. Investors who rent out

Some investors buy houses from sellers and keep them as rental properties after a bit of renovation. Such investors may be franchises of real estate brands or even individual investors who want to have extra rental income without paying high prices too much.

5. Trade-ins

Trade-in companies help homeowners free up cash to buy a new home. Based on the value of the house to be sold, these companies provide cash to the homeowner to buy a new home. The Trade-in company will then sell the existing home. A percentage of the profit from the sale goes to the trade-in company to reimburse the cash fronted for the new home. The primary focus of such a company is to free up cash so that the homeowner can buy a new home before the old one sells and avoid paying two mortgages at once.

Why 911Houses.com?

911Houses.com gives the guarantee that they will buy the home directly from the homeowner and close the deal in 7 days for cash. Homeowners looking to sell their homes fast for cash can sleep peacefully and not worry about dodge drama relating to the extensive paperwork, costly repairs, staging, and stress.

Get in touch with 911Houses to sell homes fast for cash by visiting https://911houses.com/#contact-form or calling (813) 345-2660.

Tuesday, November 8, 2022

Types of companies buy houses from sellers

 





Which category of sellers can benefit from selling their homes as-is for cash

 Who would benefit from selling their houses fast for cash?

There are several benefits of selling a house for cash. Cash buyers do not need to wait for mortgages to be approved and generally have the funds to buy the houses upfront. Hence, cash deals are mostly successful.

Further, if the buyer is ready to buy the house as-is, the seller does not have to worry about repairs to be done or staging it for inspection. Additionally, the seller can avoid the marketing and commission costs that they have to bear while going through a real estate agent.

Taking all these into account, certain categories of buyers would quickly benefit from selling their house for cash as-is.

1. Seniors/ Homeowners who are downsizing 

Most people plan to live in their homes forever. Yet, reasons such as age, illness, and loss of a spouse/ partner can make living independently difficult. Many seniors move to assisted living facilities or downsize their homes as they are unable to manage their family–homes anymore. 911Houses can help to close the deal fast within 7 days and relieve the stress of feeling trapped.

2. Owners of distressed homes

Homeowners may possess a property that has the risk of foreclosure. The house could be in need of renovation/ repair that the owner may not be able to carry out. In such cases, it is ideal to sell the house as-is. 911Houses can buy the unwanted house as-is for cash.

3. Rental property owners

Rental properties would have had various families occupying them at different times. Over time, such properties can turn into a stress factor and drain homeowners’ finances. If the property were taking too much money and time for its maintenance, a better option would be to sell it for cash. 911Houses can give quick cash offers for such properties and save the owner from having to do repairs and updates.

4. Inherited property owners

Sometimes old, inherited properties may be too difficult to maintain. If the owner lives far away, they may not be keen on doing repairs and renovations. Such owners can consider selling the house for cash.

5. Probate issues

If the homeowner has passed away and the property has not been automatically transferred by the will to another person, a probate may be required to sell the house. Probate is meant to protect the interests of the deceased and make sure that all beneficiaries get what they are legally entitled to. When there are multiple beneficiaries involved, it is better to sell the house for cash, rather than go through the long-winded traditional method of selling via real-estate agents. This will help save time and any additional expenses involved in listing and staging the property for sale.

Why 911Houses.com?

911Houses.com is a reputable real estate investment company that buys houses for quick cash in Florida Real Estate. 911Houses saves property owners from the hassles of listing their homes, expensive repairs, and finding a suitable buyer. 

911Houses pays quick cash for homes and ensures the deal is closed in 7 days. 

Contact 911Houses to sell home fast for cash. The team can also be contacted by visiting www.911houses.com/ or calling (813) 345-2660.

Thursday, May 12, 2022

Explanation on How Some Hidden Holding Costs Can Lead to Losses for Home Sellers

Have you checked your hidden holding costs?

Selling a house with the help of a real estate agent and listings method is the usual go-to approach for most home sellers. However, it isn’t necessarily the best method for sale for everyone. Besides the staging, marketing, and commission costs, certain costs slowly add up as owners wait for a deal to go through. Identifying these costs can help home sellers assess if sale via listings is a lucrative option for them in the long run. 911Houses.com dives into some of these holding costs that can ambush an owner. 

What are holding costs?

In real estate, ‘holding costs’ entails all expenses incurred by an owner of an investment property of any type pending receipt of rental income from a tenant or the proceeds on the sale of the property to another party. 

sell your house fast

Home sellers must be aware of these costs so they can make better decisions regarding their home sales.

  1. Property price drop

The real estate market can be unpredictable. Home sellers may have posted a listing for a certain price, to begin with. But as time progresses, this price may not remain aligned with the market. A house that remains on the market for too long may force an agent to lower the price as a last resort. But while this may seem wise at that moment, the expenses made to hold the property may exceed the profits expected at the new sale price. 

  1. Utility bills

When potential buyers come to view a property, they will always inspect the utilities such as heating and lighting. Therefore, home sellers with vacant houses must retain their utility services. The temptation to save money by disconnecting the services must be overlooked as the cost of losing a potential buyer will be higher.  

  1. Property taxes

Besides the size, the location such as the township, city, or county determines the property taxes. The property owner is obligated to pay the tax to the government to avoid a penalty. This holding cost will continue until the property is legally signed over to a new owner. Home sellers must assess if they can afford to pay property taxes for vacant property and if their final sale price will be worth this holding cost.

  1. Maintenance and repair costs

Before the staging event, an owner may decide to invest in the repairs to receive a good offer. However, with or without the staging events, a home requires maintenance and may sometimes need an unexpected repair. From light fixtures, lawn maintenance, a/c filters, and other unexpected repairs like termites and mold, home sellers must be prepared to spend. They must also calculate if the expected sale price will compensate for these expenses. Is it worth it?

  1. Insurance coverage

Insurance is an expected expense. Often it is included in a homeowner’s mortgage payments. However, a homeowner’s insurance policy doesn’t cover everything. Homes in flood-prone areas or any water damage coverage requires owners to buy extra insurance. This can be expensive, especially if the home is lying vacant waiting for a buyer.  

  1. Miscellaneous costs

Other costs such as HOA fees for homes in private communities and property management fees (to manage the home sale and maintain the house in an owner’s absence) can prove to be big expenses.  

When a home seller can calculate these holding costs and compare them with the expected sale price, profits and losses are easy to surmise. In case of high holding costs and potential losses, a home seller may want to opt for a cash sale instead. This not only ensures a fair sale price but also takes away all the associated hassles of selling a property via listings.  

sell your house fast

Why 911Houses.com?

911Houses.com is a reputable real estate investment company that buys houses for cash in Tampa, FL, and the surrounding areas. Unlike regular real estate companies, with 911Houses.com, property owners don’t have to list their homes, pay for expensive repairs, or worry about a prospective buyer backing out due to lack of financing. 

911Houses buys homes directly from owners and closes the deal within 7 days. Ready to get started with 911Houses to sell home fast for cash?

Visit www.911houses.com/ or call (813) 345-2660 for more information.