Before Buying a House – Repair your credit

January 11, 2010

Before buying a house – Repair your credit

Have you ever thought of repairing your credit before you apply for a mortgage loan? Lot of buyers do not think very seriously about credit repair, as they feel that they have enough to take care of a chunk of the amount required for purchase by virtue of their old sale. This is not a very bright idea. Bad credit reports or credit scores can very badly affect the interest rates on offer, however small the amount is. Hence, repairing credit is as important as the financing itself. Bad credit reports or scores tend to prove very expensive for individuals, as banks cite these reasons to charge you non-prime interest rates that are almost double the normal rates.

Credit repair can be done in two ways. You can either repair the report or increase your scores. All approvals related to your mortgage loan, be that the interest rate on offer or the down payment that is required, is normally related to your reports or scores.

Repairing the report is normally a very boring administrative exercise. You have to get the reports from all the credit reporting companies and look at them to spot any mistakes. If mistakes are found, either due to faulty reporting or due to errors in typing or dictations, bring these to the notice of concerned and get the reports corrected as soon as possible. Submit these corrected reports to the banks to avail the loans at normal rates.

The second way of doing this is by having a total make over of your habits and life style. Look at your past and see if there have been any major mistakes in the past. Things like bankruptcy or default in payments can bring down your scores really badly. Have a new credit established and make sure that you start building good financial habits. Pay your bills on time; do not default on loan payments and start saving so as to have a back up for any emergencies.

A good effective and time saving method of repairing your credit is to entrust this job to an attorney who can take care of these issues. They can make sure that all loopholes are closed so that you do not experience any future issues related to a bad credit report. There are lots of companies who promise to boost your credit score in a couple of weeks. Do not trust them and use the services of only authorized professionals.

Dealing with credit issues, understanding impact of different credit scores and having an annual check up of your credit file are a few steps that can help keep your credit situation healthy.

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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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We Buy Ugly Houses: Options to Sell Your House Fast

November 24, 2009

The “We Buy Ugly Houses” billboards have become an American icon. These bright yellow and red signs dot the nation’s highways offering a ray of hope to homeowners facing foreclosure and those who need to sell their house fast.

A registered trademark of HomeVestors of America, “We Buy Ugly Houses” is a national home buying franchise based in Dallas Texas. With upwards of 200 office locations, HomeVestors is the most familiar house buying organization in the United States.

The We Buy Ugly Houses program focuses on purchasing distressed properties which require extensive repairs or renovations. Real estate is purchased for approximately 60-percent of its appraised value, less repair costs. HomeVestors renovates the home and resells the property for profit. The program helps stabilize housing prices within the neighborhood and alleviate financial burdens for homeowners.

We Buy Ugly Houses primary focus is purchasing ugly, rundown properties requiring substantial repair. However, few resources exist for sellers who own homes in good condition. Today, many homeowners owe more than their home is worth. They need help selling their house fast, but are unable to sell their property below market value.

Many reasons exist for homeowners needing to sell their house fast. The most common include bankruptcy and foreclosure. Oftentimes, sellers need to sell vacation property or second homes to reduce financial obligations. Others are forced to sell based on employment relocation, military service, death of a spouse, divorce or chronic health problems.

Some homeowners have obtained short sale approval from their mortgage lender in attempt to avoid foreclosure. When banks enter into short sale agreements, they agree to accept less than borrowers owe on their mortgage note. In most cases, banks require borrowers to have a buyer in place before granting short sale approval.

Not all mortgage lenders participate in short sales. Those that do require homeowners to provide financial documentation proving they are financially insolvent and unable to repay their mortgage note in full. Once approval is obtained, the short sale process generally takes three to four months to settle.

Probate executors in charge of administering probate estates oftentimes need to sell real estate to settle the estate. Probate is the legal process used to validate decedents last will, pay outstanding debts, and distribute inheritance assets to assigned beneficiaries.

The decedent’s estate is responsible for all real estate related expenses. If the decedent held a mortgage, the estate must continue making payments along with property taxes, homeowner’s insurance, homeowner’s association dues, and property maintenance.

If the estate does not possess the financial means to pay expenses, a probate judge can order the real estate to be sold. Each state adheres to different probate laws. Some require court approval before real estate can be sold. If multiple heirs are entitled to the house, they must all agree to sell the property unless the sale is ordered by the court.

One lesser known resource for property owners who need to sell real estate quickly is private investors or investment groups. Private real estate investors often buy houses with cash in order to expedite the deal. Individuals engaged in short sale transactions should seek out investors who possess experience with short sales to avoid delays.

Private real estate investors can be located by conducting research online. Using your favorite search engine, type in the name of the state plus “real estate investors”. For example, if you reside in California type in “California real estate investors”.

Investors can also be located by searching real estate Classifieds in local newspapers or by attending investment networking meetings. Most realtors and real estate brokers can recommend investors and investments groups in your area.

It is imperative to engage in due diligence with any real estate transaction. Ask investors for a list of recent real estate transactions and referrals. Take time to contact each referral to determine their experience with the investor. Your home is a valuable asset, so take time to conduct research to ensure you are working with a reputable investor.

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3 Tips For Selling a House Quickly in Charleston in Today’s Buyer’s Market (Part I of III)

November 4, 2009

So just in case you have been living off the land in the middle of the Amazon these last couple of years, here in South Carolina it is definitely a buyer’s market and although this is great news for buyers, it is bad news for sellers. There is nothing worse than putting your house up for sale and watching it sit on the market with all the other bazillion pieces of real estate. This is a very common problem these days in this down real estate market. So, what should you do now? Should you give up your dreams of selling? Wait for the market to rebound? Well, here are a few tips to help you sell your house fast here in Charleston, Dorchester or Berkeley County.

The following tips may help you sell your house quickly, but we need to cover something first. If you have some type of defect with your house, it is going to have to be repaired to sell it to a retail (owner occupant) buyer. There is a difference between making small repairs that prevent a sale versus having a major problem like a cracked foundation or severe termite damage. These tips will only help if your home is in reasonably good shape when compared to those houses selling in your neighborhood. If you have major problems with your house, a buyer will not be able to get a loan and you will therefore be better off selling to a reputable cash buyer like Charleston Home Buyers, LLC that can buy your property quickly “as is” without any bank financing needed.

1. PRICE – Hands down, the number one thing involved in selling your house fast is the price. The price of your home should not be what you personally think it is worth or what that little voice inside your head tells you that you deserve since you “put all that money into improvements……like your new in ground pool”. Buyers simply don’t care about what you paid for your house a few years ago or that you put the best stain-resistant carpet you could buy throughout the house. If you’re asking how do I sell my house fast in this market, the bottom line is that you have to set a price that is very attractive to buyers. The best way to do this is to look for comparable houses in your neighborhood that sold fast. Note I said sold, not what they are currently listed for. Asking price is just that….an “asking” price. And all it means to you is that your price should be below theirs if you want a buyer to choose your home over theirs. Find out how much the homes sold for and compare your price to the prices the other houses sold for while taking into consideration their square footage vs. yours. If you are above those prices, you need to take a deep breath, bite the bullet and lower your price. When it comes to pricing your house for a fast sale, overpricing it in the beginning to just “test” the market will only bite you in the end when you have to chase the market prices downward, your house gets stale to the market and buyers wonder what’s wrong with it. Just follow the lead of others in your area and make sure your home is the best priced and if at all possible the nicest as well. Which leads us to tip number 2 (subscribe to our feed for tips 2 and 3 coming shortly).

Price is just one of the things you can do to try to get your house sold quickly. However, if you’re sick and tired of waiting for your house to sell, have a difficult situation or perhaps just don’t want to deal with the hassle of having to have your home in tip-top shape, and constantly clean in case of unexpected showings that never seem to happen, then selling your home to a professional home buyer like Charleston Home Buyers, LLC may be a great idea. There are many advantages to selling to a local real estate investor: There will only be one showing. They are cash buyers which means you won’t have any surprises the day of closing [after you have the moving truck packed] when your realtor calls to tell you the buyer’s financing fell through. You won’t have to clean or make any repairs. They buy real estate “as is” so you won’t have to worry about your buyer backing out because their home inspector says there are “problems” with the house. It also allows you to go shopping for a new home because you know that you have a solid buyer with very few contingencies ready to cash you out now or whenever is convenient. Another advantage is that they are very adept at handling many difficult situations such as: foreclosure, bankruptcy, divorce, probate and inherited property, vacant houses, tired landlords, short sales, multiple lien holders, lost job and behind on payments, needs repairs and updating, already moved and making two mortgage payments, listing is expired, no equity and you can’t afford to continue paying. These are common problems that can happen to anyone. Charleston Home Buyers specializes in finding creative win-win solutions to real estate problems that others won’t touch.

To find out more how you can sell your house “as-is” for a fair price on the date of your choice, get our FREE REPORT “How to Sell My House Fast”. If you are falling behind on payments or facing foreclosure make sure you get our FREE REPORT “How to Stop and Avoid Foreclosure”. If you need to sell your house quickly, please submit your property information via the “Sell My House” form at our website today for a Free, Confidential, No-obligation offer or call our toll free 24 hour recorded message at 888-52-BUYER (888-522-8937) for more information about selling your home to a professional house buyer. You can also always call us direct at 843-72-BUYER (843-722-8937), however we recommend that you take 5 minutes to fill out our property information form first so that we can save you time by having the information we need to get you an offer right away.

Copyright © 2009 Charleston Home Buyers, LLC. All rights reserved.

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More Tips For Selling a House Quickly in Charleston in Today’s Market (Part II of III)

November 3, 2009

Continuing where we left off with this article from Part I, here is Tip #2 for Selling a House Quickly in Charleston, SC. Like we mentioned previously, here in South Carolina it is definitely a buyer’s market and although this is great news for buyers, it is bad news for sellers. There is nothing worse than putting your house up for sale and watching it sit on the market. This is a very common problem these days in this down market. So, what should you do now? Should you give up your dreams of selling? Wait for the market to rebound? Well, here are a few tips to help you sell your house fast here in Charleston, Dorchester or Berkeley County.

The following tip may help you sell your house quickly, but again, if you have some type of defect with your house, it is going to have to be repaired to sell it to a retail (owner occupant) buyer. There is a difference between making small repairs that prevent a sale versus having a major problem like a cracked foundation or severe termite damage. These tips will only help if your home is in reasonably good shape when compared to those houses selling in your neighborhood. If you have major problems with your house, a buyer will not be able to get a loan and you will therefore be better off selling to a reputable cash buyer like Charleston Home Buyers, LLC that can buy your property quickly “as is” without any bank financing needed.

Which leads us to tip number 2.

2. DECLUTTER AND CLEAN! – The second thing you can do is deal with clutter and dirt. I can’t tell you how many times I’ve walked into a home only to be shocked by the amount of junk stuffed in the garage, closets and even all over the house. Now I am not talking about having pizza boxes and other trash all over the den floor or so many dirty clothes over the floor you can ‘t see the carpet (more common than you would believe); That’s a given. I am talking about removing your husband’s collection of 49 snow globes from all over the USA, your 28 pictures of every member of your extended family, magazines from the last 3 years next to the sofa, mail all over the counter, toiletries scattered all over the bathroom, etc. I think you get the idea. Think model home. If you don’t know what I mean, either go tour some models in new construction developments or watch some of the popular home buying TV shows for homes that have been recently renovated and staged (furniture, candles, lamps, etc. to make a home look lived in). The other bonus is that the less cluttered your home is, the bigger it will look. Whether you like it or not, you are selling a product. Clear out the clutter and make it look as nice as possible. Buyers will be much more interested in buying a sharp looking property. Get a storage unit if you don’t have some place to keep your all your little treasures that a buyer won’t appreciate and as a good rule of thumb I advocate the rule that if you haven’t used whatever it is at least once in the past year, donate it or trash it! After you clear out the clutter, make sure you clean, clean and when you are done, clean some more.

In conclusion, this is just one more thing you can do to try to get your house sold quickly. Be sure to check back for part III.

However, if you are in a difficult situation such as: inherited property in probate, foreclosure, bankruptcy, divorce, or lost job, etc., then selling your house to a professional home buyer like Charleston Home Buyers, LLC may be a great idea. Charleston Home Buyers specializes in finding creative win-win solutions to real estate problems that others won’t touch.

To find out more how you can sell your house “as-is” for a fair price on the date of your choice, get our FREE REPORT “How to Sell My House Fast”. If you are falling behind on payments or facing foreclosure make sure you get our FREE REPORT “How to Stop and Avoid Foreclosure”. If you need to sell your house quickly, please submit your property information via the “Sell My House” form at our website today for a Free, Confidential, No-obligation offer or call our toll free 24 hour recorded message at 888-52-BUYER (888-522-8937) for more information about selling your home to a professional house buyer. You can also always call us direct at 843-72-BUYER (843-722-8937), however we recommend that you take 5 minutes to fill out our property information form first so that we can save you time by having the information we need to get you an offer right away.

Copyright © 2009 Charleston Home Buyers, LLC. All rights reserved.

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We Want To Buy Your Charlotte Mecklenburg Area House Today…On The Spot!!

November 2, 2009

We Buy Charlotte North Carolina Home’s On The Spot!!!

Do you have a house in Charlotte North Carolina you need to sell quickly? If you need to sell your Charlotte North Carolina home FAST, you’re on the right track. You need to know about this first class professional home buying company On The Spot Home Buyer, LLC. At On The Spot Home Buyer we do exactly as our name says. We will buy your Charlotte North Carolina house on the spot today! It may be a quick cash purchase, we may take over your existing mortgage payments, or we may use any one of 100 different purchase techniques we have in our arsenal of home buying tools to help frustrated homeowners sell your house fast. Whatever the situation, the bottom line, We’ll buy your house on the spot today!. If you’re upside down on your mortgage, that’s ok too. At On The Spot Home Buyer, LLC we have a saying

“No equity no problem, we’ll buy your house on the spot, TODAY!!”

We are your best solution for selling your home fast. If you’ve tried to sell your Charlotte North Carolina home either for sale by owner or through a realtor who has not produced a buyer as of yet, we can buy your house today, on the spot. Without question, we offer you the best chance of a fast sale. Why would you want to spend more time looking for a buyer when you just found one. If you want a local professional home buyer to buy your Charlotte North Carolina Home, then sell your North Carolina home to us. If you’re in foreclosure, if you’ve lost your job or had a reduction in income, a family illness, divorce or any other challenges for that matter, whatever the reason, we buy houses fast and we want to buy your house today. Stop waiting day after day, week after week, month after month, for that buyer and contact us today.

We are professional home buyers. Sell your home to us today so you won’t have to keep looking for a buyer. Most people looking at houses are just kicking tires. They are unqualified buyers who want to walk through your home at dinner time, peek in your closets and open up your cabinet drawers. Now that’s creepy. Who knows what they’re real intentions maybe. You can sell your house before you know it. We’ll either buy your house on the spot fast, or have a written offer in your hands within 36 hours so you can get your house sold and move on with your life!

On The Spot Home Buyer, LLC is a professional home buying company extensively skilled and experienced in solving all of your housing problems. We are a team of professional house buyers in Charlotte North Carolina who specialize in offering fast cash or other creative solutions to get your house sold ‘On The Spot Fast!”. We buy homes in Mecklenburg County, North Carolina. Yes, we are located in, and we buy houses in Charlotte North Carolina. But we also buy houses in Iredell County North Carolina, we buy houses in Cabarrus County North Carolina and we buy houses in Union County South Carolina and we want to buy your house too!

What are we looking for? We buy single family houses in all types of neighborhoods in and around Mecklenburg County North Carolina. New or old, big or small, wood or brick we buy them all. We buy houses in and around Charlotte North Carolina, in any area, any condition and in any price range. If it shows like a model home, we’ll buy your house. If your house has been seriously neglected, that’s OK, we’ll buy your house too. If your house is beet down nasty and ugly, or fire, water or wind damaged, we’ll buy your house today, on the spot! Repairs are no problem. We can buy your Charlotte North Carolina house “as-is” and you can move on the day of your choice. Buying homes is our business. We are not real estate agents who want to list and sell your house. We are professional house buyers who want to buy your Charlotte North Carolina house and we are willing to make you one or more offers to buy your home quickly.

Sell your home On The Spot Fast!! To sell your Charlotte area home fast, or to sell your North Carolina home quickly, please complete our Seller Questionnaire. Tell us all about your home for sale. Let us know how we can reach you and one of our knowledgeable house buyers will contact you ASAP about buying your house fast.

We’ll make you an offer to buy your home fast. If your North Carolina home qualifies for our On The Spot Purchase plan, one of our professional house buyers will schedule with you to come visit your house and make at least one, and as many as three offers tailored to fit your wants and your needs. No one size fits all. With over 100 available purchase plans we’re sure we can find at least one to make you happy. So contact us today, so we can buy your Charlotte House, On The Spot Fast!

We Buy Charlotte North Carolina Homes. Please visit our website and tell us about your home so we can make you and offer. Please be sure to bookmark our website so you know where to find us in the future. We also have an entire Florida division where we buy Florida Homes. We also buy homes and land nationwide

 

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