March 13, 2017
It may seem counterintuitive. The basic principle of selling a house is to maximize on (or capitalize) your investment. In many cases, this is true. A lot of people purchase houses with the intent to resell them, living in them just long enough to renovate them, then plopping them back on the real estate market to try to make a profit. It’s a good strategy to make a bit of money—but only if you have the capital laying around to invest, and in this day and economy, that is becoming a lot rarer. Nowadays, it is a lot more common that people are selling because they need to sell. Maybe the cost of living is too high to be accommodated by your current income; maybe you’ve been affected by recent layoffs; maybe you need to relocate with your company or the military; or maybe you’ve inherited a house and the cost of maintaining the mortgage is too much to add to your own daily expenses. There are a lot of reasons for why selling your home As-Is might not be just the best option, but also the only option.
It all comes down to finances
sold on TV is a position of privilege that not a lot of people have right now. It costs a lot of money to make the investments in your house that will actually garner you good results on the market, and that market is a fickle place. Even if you put the money you have into home renovations, it isn’t necessarily going to be a guaranteed investment—especially if you can’t afford to install the top-of-the-line trends people are looking for. No one cares how much better the house looks now than it did before you started the renovation process. All they care about is the fact that the tile is the wrong color and the countertops aren’t the preferred granite or quartz. In other words, investing a good portion of your savings isn’t necessarily going to be money well spent—and it could put you in an even more financially vulnerable position: sinking your savings into the home you hope to sell can be a debt sentence if it takes up to 6 to 12 months for that house to sell. That’s a long time to sit on the money you’ve invested hoping the market doesn’t crash so you can get a return—and you’ll have to pay the mortgage and utility bills on the house for the length of time it spends not selling. It’s a costly endeavor, and right now, it might be a much more financially wise idea to sell your house “As Is” and put the money you get from your home into a more secure investment.
Selling your house “As Is” sounds good—how do you get started?
By contacting a fast home buying company like House Buyers of America. At House Buyers of America, we will not only buy your house fast and “As Is”—bad wallpaper choices, stained carpets, and all—but we will give you a competitive cash offer to boot—with no finance contingencies or real estate commissions or fees. You can sell your house As Is in one easy step: just pick up the phone and give us a call and you can receive a competitive cash offer in as little as 10 minutes over the phone. Call House Buyers of America today to get started
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Frequently Asked Questions (FAQs) About Selling Your Home Fast
During a transfer, a new deed is drafted and signed by the seller, transferring ownership of the house to the new buyer. This document is then recorded in the land records with the above-mentioned deed of trust.
We work with your bankruptcy attorney to present a FAIR offer and give you additional money at closing. We present the offer directly to your attorney and work to have the offer accepted by the bankruptcy court. Once the offer is accepted, we ensure that the bankruptcy is released and we buy the property as soon as possible.
Yes, we can work with any seller who needs to move a property quickly for any reason and in any price range. We have purchased million-dollar houses before.
Yes, we buy apartments, multi-family houses/buildings and land.
No! You have no obligation at all if you submit an information form, show your property to House Buyers or receive an offer to buy your house. You are under no obligation at all. All we ask for is the opportunity to make an offer for your house, you’re in the driver’s seat as to whether you accept the offer or not. You are in complete control. You are only obligated to our service if you have entered into a purchase agreement with us, as with any other real estate transaction.
We need very basic information from you about your house. The number of bedrooms, bathrooms and overall condition of the property is needed. We will also ask you how long you have owned your home and if there are any mortgages or liens against the property.
We offer the maximum amount possible, our offers are very competitive. If our offers weren’t competitive, we wouldn’t have purchased thousands of houses! There is no magic percentage we use, every house is unique. Our Real Estate Consultants take into consideration the age, condition, size, features and location of the home much like an appraiser would. We factor in the costs to repair the house, what other homes in the area are selling for and how long it is taking to sell those homes. These and several other factors are researched to determine a fair offer.
As soon as we receive your Online Form, we will review your information and get back to you ASAP (usually within 30-60 minutes depending on when you submit the information).
We work FAST to help ensure that your house doesn’t go to foreclosure. We present you with a FAIR offer to pay off your mortgage before the foreclosure. We help save your credit, avoid foreclosure and allow you to sell your house FAST and FAIR. Due to recent legislation, if you reside in the state of Maryland and are within a certain period of time before your foreclosure sale date, we will introduce you to a Foreclosure Consultant. The legislation mandates that if you are within this certain window that a foreclosure consultant must explain to you all of your options involved in selling your home.
No problem! We can still buy your house as is, even if it has demolition orders scheduled.
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