“The U.S. hasn't seen real estate opportunities likes this in almost a Century. Investing in Real estate now is an opportunity that may not happen again in your lifetime.... or ever again!” - Alexander Robinson III – Robinson Property Solutions
The Truth About Real Estate
The truth is, we need real estate. Without it, where would we live? Where would we go to work? How would we shop? What would we visit? Our lives as a whole depend on real estate. It's all around us, and will always be there. The most important piece of real estate to many are the homes they own. Besides being responsible for a possible mortgage, this is the place you've invested your time and money into. The place that shelters you from the outside world. It's your comfort zone. The one great thing about real estate is that there is plenty of it! So in the event you have to move and sell your home, time and money may be of the essence and you need to move fast!
Waste of Time VS. Quick and Fast
The traditional route is to contact a Real Estate Agent and list your home with their agency. Not many people understand that their are alternative options. But when it comes to time and money, it would be in there best interest to avoid any agents or brokers. The average sale of listed properties through agents and brokers is 3 – 6 months. This WILL NOT DUE for someone who needs to sell and sell quickly.
A Real Estate Investor, however, is a different story. They play a different game in real estate. You have four types of real estate investors that you'll likely encounter:
Let's take a look at how your time and money are literally wasted when listed with an agent of broker:
Let's just say your home is worth $350,000
Since homes usually sell at least 3% below list price, You may actually get $339,500 for it.
Throw in the agent commission(s) at 3% which is about $10,185 (If there is both a buyer and a sellers agent, then 3% goes to the buyers agent and 3% goes to the sellers agent for a total of 6% which is $20,370)
You ALWAYS have to factor in repairs no matter how excellent inside and out your home is. We'll go low with about $5,000.
Then you still have to remember the closing costs which re usually more than 3% and depending on the laws in your city or state, you may have to pay some to all of the buyer's closing costs so that number can be much higher. Closing costs: $8,000.
So let's put it all together now shall we?
Asking Price: $350,000
Price to Likely Sell For: $339,500
Agent Commissions: $20,370
Cost of Repairs: $5,000
Closing Costs: $8,000
Total: $306,130
Total cost: $43,870
And that's just for SELLING the house! We haven't even factored in the 3 – 6 months you're still living in your home waiting for it to be sold.
Now let's add on Expenses of time:
Let's say your mortgage is 1,300 a month and you've waited four(4) months to get your home sold listing with an agent or broker.
You still have to pay the taxes and insurance on the home while you're there which is about $450 a month.
The maintenance and utilities are still being paid for which cost about $300 a month.
Plus the total costs it's costing you so far just to list the house which is $43,870.
So let's out it all together shall we?
Mortgage ($1,300x4 months): $5,200
Taxes/insurance ($450x4 months): $1,800
Maintenance/Utilities ($300x4 months): $1,200
Cost of listing: $43,870
Total: $297,930
Total cost: $52,070
The time your home spent on the market coupled with the amount of money spent still living in the home cuts into the amount you actually receive for your home. That $350,000 has quickly been chopped down to $297,930.
Selling to a Real Estate Investor
A Real Estate Investor is someone who can pay you cash for your home. They either have the money and ready to pay or have means of securing the money for the purchase of the home. Either way, you should be ready to move and move quickly. Allowing a Real Estate Investor to purchase your home cuts out wasting time and money listing and waiting with an agent or broker. Because you are dealing directly with a buyer:
Typically an investor will try and knock between $10,000 - $20,000 off of your asking price. So even if an investor offered you $330,000 for your home, you'd still save several thousand dollars compared to listing your home with an agent or broker. Real Estate Investors are only interested in buying your home so they can make a profit off of it A.S.A.P. That's why they close quickly and offer all cash. It's the easiest way to get a homeowner close. Not everyone wants to sell fast, but for those that do, this article was written just for you.
The Reality of Selling Your Home Fast
The reality is real. Because many don't know about alternative ways to sell your home, they feel forced to go along with what ever fees and other expenses that come along with listing with an agent or broker. Truth is, there's people out there who are willing to help you move fast on your the sell on your home by buying it from you. It happens everyday. There are a plethora of reasons you want to sell fast and Real Estate Investors are the perfect solution to turn to. They are just as motivated to buy as you are to sell.
Reasons why homeowners need to sell quickly include:
As you can see from the information given in this article, selling your home DOES NOT have to cost you time and money. All it takes is connecting with a Real Estate Investor that wants your home just as bad as you want to sell it. Trust me, they are not hard to find.
The truth is, we need real estate. Without it, where would we live? Where would we go to work? How would we shop? What would we visit? Our lives as a whole depend on real estate. It's all around us, and will always be there. The most important piece of real estate to many are the homes they own. Besides being responsible for a possible mortgage, this is the place you've invested your time and money into. The place that shelters you from the outside world. It's your comfort zone. The one great thing about real estate is that there is plenty of it! So in the event you have to move and sell your home, time and money may be of the essence and you need to move fast!
Waste of Time VS. Quick and Fast
The traditional route is to contact a Real Estate Agent and list your home with their agency. Not many people understand that their are alternative options. But when it comes to time and money, it would be in there best interest to avoid any agents or brokers. The average sale of listed properties through agents and brokers is 3 – 6 months. This WILL NOT DUE for someone who needs to sell and sell quickly.
A Real Estate Investor, however, is a different story. They play a different game in real estate. You have four types of real estate investors that you'll likely encounter:
- Cash Buyer
- Fix & Flipper
- Buy & Holder
- Wholesalers
Let's take a look at how your time and money are literally wasted when listed with an agent of broker:
Let's just say your home is worth $350,000
Since homes usually sell at least 3% below list price, You may actually get $339,500 for it.
Throw in the agent commission(s) at 3% which is about $10,185 (If there is both a buyer and a sellers agent, then 3% goes to the buyers agent and 3% goes to the sellers agent for a total of 6% which is $20,370)
You ALWAYS have to factor in repairs no matter how excellent inside and out your home is. We'll go low with about $5,000.
Then you still have to remember the closing costs which re usually more than 3% and depending on the laws in your city or state, you may have to pay some to all of the buyer's closing costs so that number can be much higher. Closing costs: $8,000.
So let's put it all together now shall we?
Asking Price: $350,000
Price to Likely Sell For: $339,500
Agent Commissions: $20,370
Cost of Repairs: $5,000
Closing Costs: $8,000
Total: $306,130
Total cost: $43,870
And that's just for SELLING the house! We haven't even factored in the 3 – 6 months you're still living in your home waiting for it to be sold.
Now let's add on Expenses of time:
Let's say your mortgage is 1,300 a month and you've waited four(4) months to get your home sold listing with an agent or broker.
You still have to pay the taxes and insurance on the home while you're there which is about $450 a month.
The maintenance and utilities are still being paid for which cost about $300 a month.
Plus the total costs it's costing you so far just to list the house which is $43,870.
So let's out it all together shall we?
Mortgage ($1,300x4 months): $5,200
Taxes/insurance ($450x4 months): $1,800
Maintenance/Utilities ($300x4 months): $1,200
Cost of listing: $43,870
Total: $297,930
Total cost: $52,070
The time your home spent on the market coupled with the amount of money spent still living in the home cuts into the amount you actually receive for your home. That $350,000 has quickly been chopped down to $297,930.
Selling to a Real Estate Investor
A Real Estate Investor is someone who can pay you cash for your home. They either have the money and ready to pay or have means of securing the money for the purchase of the home. Either way, you should be ready to move and move quickly. Allowing a Real Estate Investor to purchase your home cuts out wasting time and money listing and waiting with an agent or broker. Because you are dealing directly with a buyer:
- You pay NO closing costs
- You pay NO commission fees
- You don't pay for ANY repairs or upgrades
- The Real Estate Investor assumes the taxes, utilities and maintenance costs with transfer of ownership
- No waiting months for your home to sell and spending extra money on living expenses
Typically an investor will try and knock between $10,000 - $20,000 off of your asking price. So even if an investor offered you $330,000 for your home, you'd still save several thousand dollars compared to listing your home with an agent or broker. Real Estate Investors are only interested in buying your home so they can make a profit off of it A.S.A.P. That's why they close quickly and offer all cash. It's the easiest way to get a homeowner close. Not everyone wants to sell fast, but for those that do, this article was written just for you.
The Reality of Selling Your Home Fast
The reality is real. Because many don't know about alternative ways to sell your home, they feel forced to go along with what ever fees and other expenses that come along with listing with an agent or broker. Truth is, there's people out there who are willing to help you move fast on your the sell on your home by buying it from you. It happens everyday. There are a plethora of reasons you want to sell fast and Real Estate Investors are the perfect solution to turn to. They are just as motivated to buy as you are to sell.
Reasons why homeowners need to sell quickly include:
- Foreclosure
- Need to relocate quickly
- Behind on payments
- Can't afford repairs
- Lost job
- Help eliminate debt
- Death in family
- Divorce
- Downsizing
- Need cash quickly
As you can see from the information given in this article, selling your home DOES NOT have to cost you time and money. All it takes is connecting with a Real Estate Investor that wants your home just as bad as you want to sell it. Trust me, they are not hard to find.