Monthly Archives: November 2009

How I Could Sell My House FAST in Austin Texas, even in this Poor Housing Market!

November 30, 2009

We all know it’s bad out there…With the severe credit crisis and the declining housing market, Fox, CNN, MSNBC, and even the President remind us of our struggles daily. Home foreclosures are at an all time high, even in my neighborhood in Austin Texas with many more foreclosures predicted to come. Housing resale values are at all time lows with no end in sight. Even the banks are going bankrupt as many Americans no longer qualify for credit.

Because of the recent credit crisis, many people don’t qualify for a new loan to buy a house right now, despite the incredibly low housing prices. Many home sellers can’t sell their unwanted houses because they owe more than their house is worth due to falling house prices. Many sellers can’t even rent their houses out for enough to cover their mortgage payments, taxes and insurance resulting in severe negative cash flow that bleeds then dry month after month. To make matters worse, many tenants end up trashing the house when they move out making it even more difficult and expensive to sell.

If they list their house with a real estate agent, their house will likely sit on the market for a long, long time waiting to sell since the buyers seem to have magically disappeared. Even if the house does finally sell one day at a greatly REDUCED price to get it sold, the owner has to pay a 6% real estate commission plus the majority of the closing costs. This often results in the seller writing a big, fat check at the closing table to finally get their house sold.

So what are my options to sell my house in Austin Texas fast in this depressed economy and housing market when many folks can’t get a loan? By trial and error, I discovered the following 3 alternatives to try to sell my Austin TX home quickly…

1. I tried to sell my house in Austin “For Sale by Owner” aka “FSBO”.

At first, selling my house by myself sounded easy enough, but it soon became my worst nightmare! What went wrong:

I never did find my ideal buyer. Even if I did, I had no idea how to get them qualified, how to handle all the purchase and sale paperwork or how to get the house closed. I said “There has to be a better way to sell my home!” and I was determined to find it.

2. I listed my house for sale with a local Austin real estate agent.

I called an agent from a local, seemingly reputable, real estate agency and made an appointment for her to come out and see the property. The agent sounded like she really knew what she was talking about and got me really excited about the prospect of selling my home quickly. She said she would list my house in the MLS, on dozens of real estate sites throughout Texas, advertise my house in the local paper and other print publications, do multiple open houses, put out signs, balloons, flyers in an information box and went on and on about how she could sell my home and still get top dollar. How could I refuse? I didn’t.

I listed my house and waited, and waited and waited. The agent put the house on the MLS, but the market was pretty tough and, despite her best efforts, six months later, I still didn’t have a buyer. Meanwhile, my house had not only decreased in value because it would not sell for the list price, which had been reduced repeatedly, but also because of all the other listed houses and foreclosures on the market in my area of Austin. At this point, I was all out of ideas and praying for a solution. About that time, someone at my church told me about RedBuysHouses.com.

3. I contacted a local, professional home buyer from Austin, Texas.

My friend from church told me that she had similar problems selling her Austin house, but that she had contacted a local professional home buyer who bought her house in under a week! What? Is this possible? Could I sell my Austin Texas house in 7 days or less, too? She said there are professional house buyers out there, also known as “real estate investors”, who buy and sell real estate for investment purposes. You’ve probably seen their “We Buy Houses” advertisements around town but never gave them much thought. These are people who buy houses professionally and are always actively looking for more houses to buy. She gave me their phone number and web address (Locally 512-945-6006, website: www.RedBuysHouses.com) and I contacted them ASAP. A local Austin home buyer from there called me and said that if my house qualified and if I was flexible on price or terms, that they may be able to buy my house in the next 7 days or less. She said depending on my situation that they may be able to pay all cash, pay some cash now and some cash later or take over my mortgage payments giving me immediate debt relief. At this point I was definitely flexible and had nothing to lose by scheduling an appointment for them to come see my home and possibly allow me to sell my Austin Texas house fast!

So I scheduled the appointment with the Austin home buyer and she came out and inspected my home. She said it was just what they were looking for and that she had several buyers looking for a similar home. I was ecstatic! She made me several offers to buy my house as promised. I chose the offer that best suited my needs and we scheduled a closing the following week with a local real estate closing attorney. It was that fast and that simple to finally sell my house in Austin! I still can’t get over it. After waiting two years trying to sell my house on my own and through a licensed agent, I was able to sell my house in less than 7 days to a local professional home buying company!

If you have an unwanted Austin Texas house you need to sell fast, call 512-945-6006 or visit www.RedBuysHouses.com and complete their online Seller Questionnaire for a FREE, no obligation consultation. You have nothing to lose by contacting them and everything to gain. I was able to sell my Austin home fast and you can too!

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We Buy Houses – Do YOU Know The Top 5 Ways to Sell Your House Fast in Austin Texas?

November 30, 2009

Think listing your home with a Realtor is the only way to sell?

Think again! With today’s glut of underpriced foreclosures on the market and house values dropping steadily, there is not only a lot of competition out there, but houses must be priced right to compete! In reality, in Austin Texas it can take many months to sell a house through a Realtor. After all, it is a “Buyer’s Market” right now.

But what if you don’t HAVE months to wait to sell your home?

What if your Austin Texas house needs repairs or updating to attract buyers your Realtor brings over?

What if, like many Americans, the mortgage is a little behind and you want to see if you can “get out from under it”…and fast!

What if the property was 100% financed and you owe more than it’s worth?

What if the house is in foreclosure, an auction date has been set, and time is running out?

The good news is that there ARE ways to sell your Austin Texas home fast, and it may be even easier than you thought!

Yes, even in today’s market it is possible to sell your home fast, though it may not be through a Realtor.

There are alternatives that many folks are just not aware of. Believe it or not, there are ways to sell your Austin house fast, without having to use a Realtor, while paying ZERO fees, commissions, buyers’ concessions, or repair costs!

When you sell your Austin Texas house to us, you’re offered at least FIVE programs to ensure your house is sold FAST, and the anxiety is gone!

We can pay all cash to you. If you need us to, we can pay you all cash for your property and close quickly! How can we do this? Unlike a traditional buyer who is at the mercy of the banks trying to qualify for a loan, we’re a professional house-buying (investment) company, which means we have the ready funds to quickly buy your Austin Texas house ALL CASH. There is no waiting and wondering like there would be with a traditional buyer who needs to get qualified for a loan, cancel their existing lease, etc, etc.

Plus, we buy properties AS-IS, meaning even if it needs repairs (big or small) or updating, we don’t care! We buy houses in any condition, and we won’t try to make you pay us extra at closing toward repair costs, like you would with a traditional sale of a less-than-perfect home. What a hassle!

And we buy Austin houses FAST! If you simply can’t, or don’t want to, make another mortgage payment, we can close in as little as 24 hours! No more waiting and worrying when, or if, your house will sell! We can make you an offer immediately, and we close when we say we’re going to close, which is often lightning fast!

We can take over your payments. We can buy your house in Austin Texas by making the payments going forward and give you cash to move into a new place. We pay for any fix-up costs if needed and if payments are behind, we are responsible for catching up the payments to save your credit and relieve your anxiety.

We can buy your house for less than you owe (if you have little to no equity)! We do this by negotiating the mortgage balance with your lender on your behalf. If you wouldn’t be able to sell your house with a real estate agent without having to write a big, fat check at the closing, then this is likely your solution. We have an experienced team of negotiators who KNOW how to deal with tough banks! We know exactly what lenders are looking for!

We can help you with a house swap! If you want to buy another house, but you can’t until you’ve sold your house, we can help you with a “house swap.” Not only can we buy your house, but we’ll help move you into a new one that you like.

We can repair or update your Austin Texas house to sell it fast! And you get the satisfaction of knowing your house sold in great condition at a higher price.

We buy houses from people in every situation imaginable and we make the process fast, fair, and friendly. RedBuysHouses.com is a team of local Austin Texas home-buyers that purchase properties as investments. We can relieve you of your mortgage payments and give you money to move on and be free. RedBuysHouses.com – The fastest way to see if your house qualifies for our “Quick House Purchase Program” is to complete our confidential, risk-free “Seller Questionnaire” and we will contact you within 24-28 hours.

So remember, even if you owe more than (or almost as much as your house is worth), we are your best chance at getting you out from underneath your home and freeing you to get on with your life…We work with an experienced team that has helped over 900 homeowners sell their no-equity houses, and if that’s your position, we can do the same for you! Call us locally at 512-945-6006 so we can research the value of your property and tell you honestly what your options are. Call today – You have nothing to lose and everything to gain!

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What credit score do you need to buy a house?

November 29, 2009

Many persons who wish to buy a home invariably ask the question, ‘what credit score do you need to buy a house?’ However, the answer is not an easy one. If you wish to become eligible to get a loan to buy a house, that does not depend on your credit score alone. Three other factors would also be considered by the lender. The lender would definitely look at your credit score. If it is above 720, the lender would not ask too many questions. On the other hand, if your credit score is less than 720, even then you would definitely be able to get a loan to buy your dream home, but the terms would change.Normally, the lender takes into consideration your debt to income ratio, your liquid assets, and your down payment amount, apart from your credit score. At present, if you possess a credit score of 720, offer a down payment of 20%, and prove that you have cash in your bank that could meet at least 6 monthly payments, then you would be sanctioned your loan immediately. These monthly payment amounts would include not only the monthly mortgage payment, but also the property tax for each month, insurance payments, and other association fees.However, majority of lenders allow people with credit score of 620 or above also to obtain home loans. However, the down payment required from you might go up and the interest rate on the loan would also be higher. The lender would also take a deep look at your credit history. If you had paid your dues properly and your debt to income ratio is low, your chances of getting a loan would be quite bright. If your credit score is below 620, then you would be better off approaching lenders who are prepared to offer home loans to people with bad credit scores. That might be a bit difficult after the economic meltdown that had started in the middle of 2008.

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Sell My House Quick: Insider-Secret for Locating Buyers in a Distressed Market

November 28, 2009

“Sell my house quick” is the mantra of many desperate homeowners needing to be released from financial burdens. Numerous reasons exist for people needing to sell their house fast. The most common include: foreclosure, bankruptcy, satisfying a short sale agreement, divorce and liquidating real estate held in probate.

If you are chanting, “sell my house quick” consider seeking out private real estate investors. While the list of qualified buyers has become shorter due to lending restrictions, investors are buying real estate across the nation at record pace. In some cities, property values have declined upwards of 40-percent. For real estate investors, there has never been a better time to buy.

Selling your house to an investor creates a win-win situation for everyone involved. Investors obtain investment properties at discounted rates and sellers are given the opportunity to alleviate financial burdens.

Individuals facing foreclosure or engaged in a short sale should seek out investors experienced in these fields. These types of transactions can be difficult to negotiate without assistance from a real estate professional.

Borrowers facing foreclosure have a better chance of obtaining short sale approval by having a buyer in place. Some lenders make this a requirement while others allow time to locate a buyer. Working with an investor who specializes in short sales can shorten the duration of the transaction and provide a much smoother ride.

It is important to note, short sales must be authorized by the mortgage lender’s loss mitigation department. Additionally, properties which are already in the midst of foreclosure do not qualify for short sale offers. If you are delinquent on your home loan, but not yet in foreclosure, now is the time to contact your lender regarding short sale approval.

The best case scenario allows borrowers to walk without owing additional funds. Some lenders persue borrowers for the deficiency between the short sale price and loan balance. Others accept the sale price as payment in full toward the note. It is important to know which type of short sale is offered by your lender.

Real estate investors that specialize in short sales can walk you through the process and help present offers to the lender. Oftentimes, investors buy homes with cash to obtain the best deal. Mortgage lenders are generally more receptive to cash sales than offers requiring financing approval.

Individuals who need to sell real estate due to divorce can also benefit from working with a private investor. Benefits include selling the house quickly, which allows sellers to put cash in their pocket and move forward with their new lives.

Probate real estate refers to property bequeathed to heirs through a decedent’s Last Will and Testament. Unless a person has established a trust, all assets must be transferred to probate when the property owner dies. Probate is used to validate the Will, pay outstanding debts, and oversee proper distribution of assets to heirs.

On average, probate takes six to nine months to settle. During this time, the decedent’s estate is responsible for expenses related to the house. If the estate does not have adequate funds, a probate judge can order the property sold. If probate real estate is owned outright, estate executors can elect to sell the house to eliminate maintenance, insurance and taxes.

Regardless of the reason for needing to sell your house quick, consider working with a seasoned real estate investor. Doing so can save you time and money, eliminate the need for a real estate agent, and expedite the process. Instead of saying, “I need to sell my house quick” you can sing, “I SOLD my house!”

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Sell my house quickly can be the only thing on your mind

November 28, 2009

Sell my house quickly can be the only thing on your mind at this time of recession when you are not able to get the best value of your property.  The recession does not necessarily means that getting the right value for your house is difficult but all it means is that you will need to work a little hard and employ different strategies to get the best price for your house.

The first thing you need to do is revaluation of your house or property.  If any customer is desperately in want for your property and then they will not pay you for anything higher than you demand stay until and unless they are terrified by the competition of buyers.  Get the estimate of the actual value your house done and try to make it look beautiful and pretty so that the cracks in the wall or any other damaged part does not lower down the value of your house during evaluation. Marinating the décor of your house and shedding of few bucks to make your house look prettier is always beneficial. When you are affirm in quoting the price of your house to your customers, it makes a good impression on them. Try to employ the advertising strategy. All those people yearning to “sell my house quickly” mantra mostly fails in this strategy.  You should not follow the traditional methods because that is what everyone is following. You should adopt a unique and different strategy so that you are able to attract more customers using a different kind of approach.  A person with a kind of cockiness in his advertisements is worth getting the value that he quotes for his house.  The economy is suffering recession and most of the house owners are trying hard for any kind of bid, they are not fighting over the high value offers.  Therefore, the needs of the situation are to be from creative, exciting and original.

Sell my house quickly – can be done at the time of economic instability by forming a great impression on your customers.  You can get attract plenty of customers only if you are willing to sell your house at a terribly low cost, if there is a great demand for your house or if your house is located at an extremely convenient location.  An easy way to increase the competition for your house is to hold a meeting with all the prospects present in one room.  Do not fear the falling prices of the houses and sell your house at whatever cost your customers offer you.  Since it is your house, you get to be the boss and offer a rate to your customers.  Make the most of the situation by using a strategy that very few people who are also participating in ‘sell my house’ contest and earning great profits even at this time of recession.

You can also search for customers and potential buyers on the Internet or can go to your local doom and gloom merchants for more information.

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Who Will Buy My House

November 28, 2009

 

If you are asking yourself the question, “Who will buy my house?” you need to understand the full range of buyers that are available to you. Too many people worry that they will never be able to sell their house without sinking an exorbitant amount of money into sprucing it up.

 

Others believe that the only way they will be able to sell their house is through using a listing real estate agent and playing the waiting game for months, or even years. Others still believe that placing a “for sale by owner sign” in the yard is all that they need to do. The truth of the matter is that none of these methods are as effective as selling your home quickly and for cash.

 

Of course, it sounds good to make a quick cash sale of a home, but is that really possible? It most certainly is because there are organizations which specialize in doing just this. Nearly any home, regardless of its condition, has potential to make money.

 

The problem is that many sellers do not have the funds or the time to prepare the home or property to become profitable. As such, they are unable to sell the home for what it is worth because they cannot find interested buyers. A for-cash organization can be instrumental in situations like this.

 

If you believe you will have difficulty selling your home on the traditional housing market, seek out a business which will pay cash for your home with no questions asked. The purchasing business will quickly complete the transaction so that it can begin making renovations and preparations on the home. But this won’t be your issue because you will have cash in hand.

 

In only a matter of days, you can complete the transaction and be off looking for your new place to live. Do not sit and wonder, “Who will buy my house?” Visit http://www.sellourhomefastnow.com and sell your house for cash today.

 

 

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How can I sell my house quickly?

November 27, 2009

If the only thing on your mind is, “sell my house quickly” as you are worried due to the falling rates and unpredictable conditions prevailing in the market and are unaware of various new strategies then just read the article below to understand how you can sell your house easily and at the good rate. There are many people in the market who are selling their house at a very good rate at this time of the recession as well. There is something that is letting them enjoy profit by selling their house at the right price. Sale conditions prevailing in the market have changed so you also have to change the approach that you make while selling your house. Those people who are marketing without realizing this fact will always have to struggle hard. Everything that matters is the kind of approach that you make. The key of making high profit is the psychology that you adopt.  Even if in the back of your mind you know that you will not be able to make a sale at such a price, you need not let your potential customers to know about it.  The whole strategy of selling my house quickly depends upon what attitude and approach you maintain.Always be positive and avoid all the negative thoughts. You must not make a decision hurriedly. It is important to maintain patience if you want to realize to sell property quick dream of yours!  It is very essential that you take control of the situation. Selling your house at a negotiable rate should be the last thing on your mind. You must make every effort to make your potential customer believe in you and agree to the price that you have quoted. Sell my home quickly can be your main aim but working to get a profitable deal is equally important. When you do not appear assertive to your customer and agree to what he says, you lose half of the deal. Try to enchant and entice your customer by decorating your property. There are plenty of customers available, who are willing to purchase a house, so do not think that the first customer that you come across is the only customer you have. You must maintain patience and hunt for more customers. If waiting for a while helps you in generating huge profit then it is beneficial to search for the right one. Whenever you approach a customer you must make him believe that yours is the best deal that he can get in the market. Fabricating things and showing best areas of your house will certainly tempt him towards your house and will help you get what you want. Make the best use of all the available resources and find out different ways online through which you can get the best value of your house. The gloom and doom merchants are also helpful resources who can assist you in converting your “sell property quickly” dream into reality.

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When “Buy My House” Isn’t Working for You

November 27, 2009

 

If you’re trying to sell your home yourself, you know that FSBO (for sale by owner) isn’t always the best way to go especially with our economy in such a slump.  Knowing when “buy my house” isn’t working for you, and finding someone to help is half the battle.

 

Trying to sell your home on your own is tough.  Aside from the cost of repairs and running ads, you have to prepare and set up open houses, keep your home tidy at all times, and just the inconvenience of strangers walking through your home at any given time can take a toll on you.  Selling your home with an agent, means that you have to do everything yourself from start to finish.  If you miss something, you probably won’t get anyone to buy your house.

 

Using an agent can be costly.  Of course, the agent does the advertising and paperwork.  But you pay a hefty price for this service, and you still have to deal with repairs, open houses, and kicking the family out every other Sunday for visitors to come and critique your home. 

 

If you’re not in a rush to sell, this may not be a big deal.  If you purchased another home and need to sell quickly because your financial status has changed drastically, and you can no longer afford your home, you will have to move quickly to avoid paying two mortgages or bank repossession to avoid a foreclosure.

 

When “buy my house” isn’t working for you, consider turning to a private home investor for help.  You don’t have to worry about strangers tracking through your home or even repairs, if you don’t want to do them.  A private investor will come in, assess the value of your home, and make you an offer.  If you accept, you have a deal.  Yes, it’s that simple.

 

 

 

 

 

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Knowing When to Say Buy My House Now

November 27, 2009

 

In our tough economic times, knowing when to say buy my house now, is one way to get out and save your credit.

 

If you are facing foreclosure, know that you are not alone. Your situation may be such that it is impossible to prevent, but let’s talk about how you can make the best out of a bad situation.

 

Consider putting the house on the market if you have the time to do so. Remember, if you contract with an agent, you will have to pay fees if they sell, so take that into consideration. Trying to sell your home yourself can be frustrating if you have never been through the process before.

Short Sale Option. When your home cannot be sold for enough to cover the amount owed, some banks will consider a short sale. To qualify for a “short sale,” the owner must be able to prove a hardship, and they get no money. However, they also save their credit from being hit with a foreclosure.

Consider an investor. Selling to an investor is one of the quickest ways to sell your home and avoid damaging your credit. Most investors will buy homes in as-is condition and offer quick closings. If you’re racing against the clock this might be a viable option.

 

If you are still unsure of your options, visit http://www.sellourhomefastnow.com/ to find out more. Don’t wait until it’s too late; you still have time. Just talk to a private investor and tell them buy my house now.

 

Short Sale Option. When your home cannot be sold for enough to cover the amount owed, some banks will consider a short sale. To qualify for a “short sale,” the owner must be able to prove a hardship, and they get no money. However, they also save their credit from being hit with a foreclosure.

Consider an investor. Selling to an investor is one of the quickest ways to sell your home and avoid damaging your credit. Most investors will buy homes in as-is condition and offer quick closings. If you’re racing against the clock this might be a viable option.

 

If you are still unsure of your options, visit http://www.sellourhomefastnow.com/ to find out more. Don’t wait until it’s too late; you still have time. Just talk to a private investor and tell them buy my house now.

 

 

 

 

 

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Sell my house quickly: How You Can Sell Your House Fast With Pictures

November 26, 2009

When people ask the question how can I sell my home fast, chances are that they aren’t thinking about pictures.  But that is one of the answers to that question.  If you are one of those asking, “How can I sell my home quickly” keep in mind that one of the best ways that you can sell your home fast is by taking some really good pictures of house and their property. 

 

The first thing that you want to do when you are trying to take pictures to sell your house fast is to make sure that you prepare your property for the photography shoot.  Make sure that the lawn is mowed and there isn’t any debris around.  You should make sure that your interior is clean as well – windows, walls, and carpets. Don’t remove your furniture – anyone who is thinking of buying will want to see how it looks.  This is the first step you should take when you want are asking the question how can I sell my house quick with photos.

 

Take some pictures of the  exterior of your home.  You should get a shot that is wide of both your house and your yard, both from the back and the front.  Take pictures of selling points, like shops, garages, water features, and porches.  This is another step in you finding out an answer to the question how can I sell my house quick using photos

 

The next thing that you want to do is to make sure that you are capturing your kitchen’s style in the pictures.  You should include cabinets and the appliances in your pictures.

 

Next, you want to take pictures of the areas where you spend a lot of your time, such as your den, your family room, and your living room.  You want to include things such as fireplaces, windows, and ceiling fans in the pictures.

 

Finally, you want to take pictures of your bedrooms and your bathrooms. Make sure that you include things such as closets, opening doors for the larger ones, and cabinets and fixtures for the bathrooms.

 

Some final tips for how you can use photographs to answer the question how can I sell my house quick?

 

·Don’t use all the pictures.  Consult with your realtor to find out which of the pictures are the best and then just use those.  They are going to know which are going to be best to use.

·Don’t take pictures when the sun is facing the house, because they aren’t going to come out good.  The sunlight will reflect off the windows and cause a glare.

 

Now you can see the ways that people have found the answer to how can I sell my house quick. The pictures that you are taking are going to tell people what they want to know about your house and chances are good that one of them are going to see your pictures and say, that’s the house that I want.  Pictures are so important, especially for those who aren’t able to just drive over and look at your house themselves because they live too far away.

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