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How To Prepare A Distressed Home For Sale

Perhaps you don’t have money to take care of your existing home or pay your property taxes. Maybe you are struggling to meet the routine expenses and need a pronto solution to get over it. You might have thought about selling your distressed home many times but still never took any step due to the emotional attachment you have with the home. This is where you’re mistaken. To be honest, wasting time in analyzing the situation won’t do anything. A stitch in time saves nine. Therefore, you should sell your distressed home as soon as possible and utilize the money to buy a new property in NY.

How to Proceed for the Home Selling Journey?

Here are some distressed home selling tips that you must think upon before listing your property for sale.

Right Pricing is Essential

In the first place, you need to decide on a proper value for your home. Keep in consideration that distressed properties are sold at lower prices than the market rate. However, you need not intentionally lower down the price because almost every buyer bargains while buying a property.

For instance, you want to sell the property for $400,000. Now, if you ask for the exact amount to the buyer, he/she will definitely bargain. You’ll be lucky if someone’s ready to pay the price you wish for. But its probability is 2 in 10. So, tell the buyer slightly a high price to get a favorable deal. We suggest you do thorough research of the distressed house prices in NY and fix a selling price which would get you a price at least nearby to the marginal profit.

Focus on the Best and Repair the Rest

Your house might not be in good condition but, you can still sell it easily. For that, you’ll need to do homework. Simply make two lists comprising the best and worst features of your home. The best feature list is your weapon to manipulate the buyer to pay you a decent price. At the same time, the worst things list will also be helpful in the home selling process.

See, you can’t expect the buyer to pay a high amount until and unless your home has all basic facilities such as good flooring, drainage system, and proper electrical wirings. So, whatever falls under your worst features, try to repair them. If it’s very costly, then, leave it. Otherwise, make sure you’re providing all basic necessities. Having said that, keep your focus on explaining the best features of your home to the buyer. Convincing the buyer in a positive way will definitely prove fruitful.

Cleaning Can Work Wonders

It’s totally okay if you can’t invest much money in repairing your property. But you can surely clean the house by wiping down the kitchen cabinets, mopping up the old floor tiles, and getting rid of clutter in the porch area. A clean and tidy house will leave a good impression on your homebuyer even if your home lacks other things. Can’t even afford to hire a cleaner? Do it yourself! It won’t be a cake walk but, you’ll definitely save a lot of money. Simply buy vinegar or bleach solution and garbage bags for cleaning and organizing your space. It won’t cost you much. You can further involve your friends and family to do the needful.

Honesty is the Best Policy

So, you have made two lists, and you’re confident you’ll sell your distressed house like a pro. But, is there anything that you don’t want to disclose to your buyer? It could be anything, like your neighborhood is not that good or commutation is a problem in your area. If there’s something worth telling which you want to hide because you want to sell your property, you’re heading in a wrong direction. Dishonesty is never acceptable whether in a relationship or in a business deal. It could happen that your buyer gets to know such things from outsiders and he/she cancels out the plan of purchasing the distressed property. So, it’s always good to maintain transparency.

How Can Elite Properties Help You to Sell Your Distressed Home Quick for Cash?

If you want to sell your house fast for cash, you can contact Elite Properties. It’s one of the trust-worthy real estate companies in NY. Experienced real estate agents at Elite Properties have helped thousands of people in NY to sell their distressed properties in a hassle-free manner. They take care of everything right from managing essential repairs to property listing to legal paperwork to making a fair offer.

Final Word

It’s natural to have an emotional attachment towards your home. But, if you look at the bigger picture, someone else will get a shelter because of you. There’s no greater satisfaction than seeing someone happy because of you. Follow the above-mentioned steps, keep a positive attitude, and prepare your distressed home for sale without any tussle. We wish you good luck!

Are you in need of some urgent cash and have to sell your house fast to meet the ends? Then, sell your house fast for cash to a real estate company that buys houses for all cash…

Most of you might have come across “we buy houses for all cash” ads in your day-to-day life. It could be in a flyer, or in a banner across the road or might even be in your inbox as well. Usually, we ignore these ads thinking these are scams and approaching them might be dangerous. But, what if unexpected financial troubles have caught up and now you are forced to sell your house or property? In these situations, you might be looking for a way to get fast cash, which in turn lead you to the doorstep of most of the “we buy houses for cash” companies. Well, the real question is “How much can you trust these companies and ads”?

Seeing flyers on electricity and telephone poles that read in all bold, “we buy houses for cash” won’t do much of a convincing but, believe-it-or-not these companies are legit and has a prominent role in real-estate business. These companies will buy houses slightly under market value, make the needed repairs and sell the property at a much higher price to get profit.

How To Find Out the Company You Chose is Legitimate

It isn’t necessary that every detail on the “we buy houses for cash” flyer is accurate. Before approaching the company to sell your house make sure you aren’t being framed. Here’s how you can find out whether the company you chose is legitimate or not:

A Company with Website: The first step you must take before ringing the company’s phone number is to surf their website. If the Company’s name and logo are displayed on the website, the firm might be legal and is working under the California online privacy protection act. This will ensure all the details you enter on the website at the time of the query isn’t leaked to the public or can be accessed by any third-party company. Make sure to omit the companies that hide their names from the website as it would be difficult to trace them at the time of an issue or conflict.

A Company Which Displays Contact Information:Contact information is pretty essential and only choose the company who aren’t ashamed to display their contact information. It would be great if you work along with a company which has a dedicated customer service sector. This will make sure you are well informed about the status of the services availed.

A company with listing on Multiple Business Listing Sites: Google the company up and check whether they are listed on Business listing sites like Yelp, LinkedIn, Hot Frog, Yellow Pages, and others. A company with listing on multiple platforms can be trusted to an extent.

Check For Positive Reviews: Checking for customer reviews regardless of it being positive or negative can tell you a lot about the company and its function. This will also let you know whether the company has any previous recorded issues or conflicts with customers and the market.

Checking all these before trusting or proceeding the company will ensure that you have a reliable buyer and hassle-free services. A trustworthy real-estate company can be the best solution for your fast cash needs if you have a house to sell.

Why You Should Sell Your Home to a “We Buy Houses for All Cash” Company   

1. An Immediate Relief

If you are stuck up in some financial situation and need some urgent money and the only thing you can sell is a house, then these companies can be your immediate relief. Their professionals will be evaluating your house or property and will provide you with a no-obligation cash offer. Most of the times the amount they offer will be less than that of the current market value of the property but, they’ll make sure the offer is reasonable and digestible for you.

2. Sell Your Distressed Property

If you have a distressed property, then selling it can be one of the hectic and challenging scenarios you have to go through. Finding a proper buyer is easily said than implemented. This is where “we buy houses for cash” companies come in. You can sell your property to these companies, and since it is a distressed property, any offer they put forward can be approachable. But, this doesn’t mean you have no option to negotiate.

3. Save Yourself From a Foreclosure and Short Sales

If you are facing foreclosure, a real estate company that buys houses for cash can aid you. With proper consent from your mortgage dealer, you can sell your house on short sales to the companies mentioned above and save your some money for a temporary apartment.

4. Fast Closings

These companies can close a business deal in a span of time as less than seven days. Since, there are no approved financing, appraised values, inspections and other things that pop up at the time of selling a house, bypassing all these steps will help in closing a deal faster.

Conclusion

What would you choose, a “We Buy Houses” company or rather wait for a buyer? We buy houses companies are legitimate, and you could easily fill your pockets just in days. Since you have proper tools and resources now after reading this article, finding a professional company wouldn’t be that hard. But, always know that “We Buy Houses” companies aren’t for every seller.

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