I Buy Houses - Tips For Selling Your Home to Private Real Estate Investors

Many of the "I Buy Houses" signs you see posted on street corners and in front of homes belong to private real estate investors. In today's recessed economy, a large percentage of homeowners are struggling to attract buyers. When property owners need to sell their house quick they oftentimes turn to individuals or organizations that specialize in buying houses for cash.  

Before calling the number on "I Buy Houses" signs, it is important to engage in due diligence and determine the source. Unfortunately, there are many scammers in the world and currently the real estate market is a prime target.  

Thanks to the Internet it is relatively easy to locate information about anyone. Business owners are required to register in each state they wish to conduct business. In most states, the Department of Revenue oversees business registrations. Other states utilize the Secretary of State office.  

The Attorney General's office handles consumer complaints; as does the Better Business Bureau. Realtors and brokers are licensed through the Real Estate Commission.  

To locate any of the sources above via the Internet, type in your state plus the name of the organization, e.g; California Real Estate Commission. These agencies can help to ensure you are working with a licensed, legitimate, complaint-free business or real estate investor.  

I buy houses in southern California and work with a group of nationwide investors. Nearly all of us have heard horror stories of innocent homeowners losing their property to foreclosure scams. Mortgage financier, Freddie Mac, offers an article on how to avoid foreclosure rescue schemes.  

As an investor, people call me nearly every day, begging me to buy their house. The biggest problem I encounter is the fact that people wait too long before they take action. By the time they call me they are panic-stricken and desperate. It shouldn't be that way.  

I'll give you the same advice I give to everyone else. If you are delinquent on your mortgage, you need to call your lender now. I realize you might believe your lender is the devil incarnate, but most banks will work with you if you don't ignore their requests. Once a house falls into foreclosure there is little room for negotiation.  

If there is no hope of getting back on track, ask your lender to engage in a short sale. Lenders agree to accept less than is owed on the loan if the borrower can sell their home within a certain time frame. Short sales are relatively complex and require time and patience.  

Short sale real estate is typically priced around ten percent under market value. In some areas, short sale properties are being sold up to 50-percent under market value. It's best to work with a real estate investor who possesses short sale experience and understands the process.  

Selling your home to a private real estate investor is no different than selling to any other buyer. The exception is that investors are experienced and know what needs to be done and when to do it. Working with an experienced investor can simplify and expedite the process.  

In closing, be certain to read and thoroughly understand any legal documents prior to signing them. It's always a good idea to have a real estate lawyer review the documents to ensure they are legally-binding and will stand up in a court of law if necessary.

As a private real estate investor I buy houses in southern California. If you are facing foreclosure, bankruptcy, divorce, short sales or holding probate real estate and need to sell your house quick, submit your property for free via the "We Buy Houses" form at Simon Volkov's website today.

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We Buy Houses" Can Be Great News For You!

Alright, so you have an old, kind of beat up house. Quite frankly, you aren't entirely sure what you can do with it. Maybe you want to sell it because you don't want the property anymore or perhaps you have another property already or something of that nature. Or perhaps you're looking to move out of your own home and into something a little bit newer. No matter what the reason, you have loads of great reasons that you should sell your old home!

First of all, "we buy houses" can be a godsend to some. Say for example that you had an older house that you don't have the money to repair-you'd have to sell your house in order to make the repairs to it! What you may not realize is that there are plenty of companies that will offer to buy your home-with the repairs that are needed!

Next, this enables you to find a new home. Let's face it-selling your home is a great way to find another one and get into something that is a little bit easier to maintain. The last thing that you need is to sell your home and find that you don't have any other options. You can use the opportunity to ask the realtor whom is helping you to sell your house to also find you a home that you can afford and that makes it easy for you to get into a new place as fast as possible. Even if you don't have the full cost of the property, you still have a nice down payment that you can use to get into a place and that will significantly lower your mortgage payments.

It's easy to find realtors that are willing to do this for you-but you have to know what to look for:

First of all, they need to be easy to contact. If you have a pain in the rear trying to find someone who seems so willing to sell your house, it could indicate a problem. This doesn't mean that they have to list twenty thousand different ways to contact them, but one or two easy ways helps.

Next, if they aren't nationally known but aren't local either. Local realtors are just as good as the more popular branches, but if you've never heard of them before and they aren't local-you might want to check into finding someone else who says "we buy houses."

Take your time when choosing a realtor. While there are a great many people whom you can choose from, you have to understand that a bit of research is more than necessary. Get to know your realtor a little bit if possible. Outline any goals that you might have and make sure they know what you're looking for. Be polite, but don't sit back and just let your realtor pick anything. They don't know what you need in a house unless you tell them!

But in short, it's easy to find someone willing to buy your house, no matter what condition it's in-you just have to look!

 
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