Do you wish to sell properties online but don’t know whom to approach? Well, we are here to suggest and help you pick the right person. Many homeowners call up real estate agents for selling their house for a bigger profit and faster sales. Although, it is advisable to check both the options before proceeding with one to know what favors you best.
You might think what is the difference between both of them anyway? The difference is negligible as they both generate revenue from the same field. Scroll down to know the difference between real estate agent and a real estate investor.
License Plays an Important Role
To make valid transactions it is important for a real estate agent to have a license. An agent requires a license of his/her particular state of service. Also, an agent will only need a license if they plan to represent someone else in the home buying or selling process. On the other hand, an investor does not require a license to run the business.
Commission Has Different Aspects
Let us say, the commission is involved in agents and investors both, but the methods for extraction is different. Real estate agents earn commission on every sale carried by them. The amount can be anywhere from 1-5% of the total share inclusive of the other costs. Agents usually rely on the sale value of a property to earn commission, high sale value means greater profit.
A real estate investor offers cash for homes, which means they offer you hard cash in return for your property. An investor has a faster pace of working when it comes to making fair cash offer and regulating the cash flow. They will sell the property at market value or flip it to another investor for lesser price. Sometimes investors sell properties in bulk to earn more with each sale, this way investors find ways to earn commission.
Maintaining The Integrity of the Brand Has Diverse Ways
Talking about the integrity of the brand, real estate agents make sure they promote their brand name to gain business. Agents maintain a good networking system with the help of websites and business cards to increase the client count. Real estate investors on the other hand do not spend a lot on marketing. They use signboards with ‘we buy ugly house’ or ‘we buy house for cash’ written on them. These signs are placed in cities or nearby yards, which can be easily spotted from a distance. Retaining the integrity of the brand may have different modes, but the motto stays the same.
Involvement of the Brokers
Real estate agents have to work under brokers rather they are employed by brokers. Once the agents are trained and have a license by the state, they are required to work under brokers for better earnings. A real estate investor does not have the need to work under a broker as being licensed isn’t mandatory.
How Elite Properties Is Better Than Any Other Agent
We covered the basic differences between an agent and an investor so you can figure out the best option for yourself. Although, there are some more differences, which will help you choose better.
Agents: Real estate agents sell home with the help of MLS also known as Multiple Listing Service
Elite Properties (Investor): We buy house individually without any listings
Agents: You’ll have to pay closing as well as additional costs to cover a sale.
Elite Properties (Investor): We cover everything inclusive of closing costs and legal fees to make your home sale process easy
Agents: A traditional home sale through an agent will take approximately 30-60 days to close a deal
Elite Properties (Investor): We close a deal in as less as 7 days
Picking the right person to sell your house is vital. One has to research their options before proceeding with a home sale. Elite Properties is cash buying company, we sell your house in 3 days in any condition and any location. Furthermore, we will also pay your legal fees and closing costs. Call us on 718-977-5462 or visit our website https://www.elitepropertiesny.com/ to know more about the home selling process.
If your house isn’t selling, it can be a big problem and a matter of extreme stress to homeowners. If it has been sitting for a long time in the market, it will ultimately lose its value. Simply tweaking your marketing skills and changing your home selling process can favor you a lot. If you think you’ve tried everything, then think again or scroll down below and go through the 7 Tips On How To Sell An Unsellable Home.
Postpone The Home Selling Dates
Setting the right time to sell in the market is extremely essential as the price you may achieve certainly relies on it. It is a known fact that real estate is majorly a seller’s market and you’d need to know about the pattern of selling homes. There is a certain time of the year where the sales are highest, spring is the ideal time to sell your house or put it on the market. Whereas, winter is the time when the sales are comparatively low. If you’re not up for the seasonal sale pattern then there’s another way where you can wait for the inventory to drop and then put your home on the list.
Try Selling Your House Under The Market Price
Mispricing your home can be the easiest mistake you can make while listing your home, so the ideal way to entice buyers is by selling your property for a lower market value. Buyers or real estate investors are always on a hunt to find houses that are priced for less than their fair market value, this kind of sale is also known as ‘fire sale’ according to the real estate lingo.
This might not be your ideal choice but in this state of utter despair this might be the most enticing option for you. As investors are constantly looking for such deals, some companies might actually surprise you by buying your property in as-is condition for a fair price. Try selling your house to ‘we buy house for cash’ company; Elite Properties New York they will buy your house in any condition and additionally offer you a no-obligation offer.
Consider Deep Cleaning, Improvements And Curb Appeal
A clean house will always sell for a huge profit, keeping in mind the functional aspects of it. Fixing serious issues like your electrical and HVAC system will work wonders if they were in a rough condition. Plumbing, windows and checking for leakages from roof or sewage pipes are important points to remember. Make sure all the functional aspects of the house are covered before selling. If you’re not able to cover the improvement’s expense then include it as an incentive with the house.
The next important thing to focus on is the curb appeal of your house. If a home isn’t good-looking from the outside it’s never going to sell. You can counter the easy and less pricey things first and then move on to the costly improvements as and where needed. Just by cleaning the sidewalks, mowing the lawn and cleaning the exteriors of your house can make a visible difference.
Up Your Marketing Game
It’s all about the virtual world these days; the easiest way to list your home on the market is by putting it online for people to take a view. Adding to the rest, the results will only show if you market your home right. MLS or Multiple Listing Service can be extremely handy once you choose to put your home online, this particular service enables you to find the right buyers on a wider platform.
Good marketing is equivalent to profitable sales so while listing your home make sure you’re putting out precise information for prospective buyers. Click sharp images of your complete house and also try making a video from the entrance to each room for a better perspective to buyers. A buyer would possibly skip pictures but not a video; make sure the quality of your video is clear, crisp and shot in bright light.
Documentation Of Property Is Essential
If you’re putting your home in the market it is important for you to keep complete written information about your property and the changes made or required in the coming future. Keeping an updated information about your property will help you in an easier sale and would promise better profits. No matter your house is in whatever condition it will always be sold for a fair price if you’ve been transparent with the potential buyer.
Think Through A Short Sale
This might be your last option to reach the final results and achieve a fair price on your property. In most cases statistically quoting; people end up owing more than the property’s worth which is practically impossible to remunerate. There are cases where most of the lenders (in case you have an outstanding mortgage) may or may not agree for a short sale additionally, not every seller will qualify for a short sale. In such circumstances it is best to opt for a short sale although it is important to do your research before diving in.
Sell Your Home For Cash To Elite Properties
Going through a mortgage, debts, improvements and top of it selling an unsellable house can be a lot to bear. In such an unfortunate condition your first option should be selling your home for cash to cash buying companies in New York like us. Selling your home for cash to us might be a boon in an ugly situation. We buy houses as-is which means you are saved from the hassles of making repairs. We close the deal in as less as 3 days which means you can take your money and repay your debts in no time.
We guarantee a fair all-cash offer with an additional no-obligation offer where you can terminate the proposal and you won’t have to pay any commission. If the deal is finalized we’ll also pay the closing and associated fees, so what is stopping you? Sell your house for cash to us and we’ll promise you a profitable all-cash sale. Call us on 718-977-5462 or visit us at Elite Properties to sell your house today.
Your house is an asset that is near to your heart, we comprehend the amount of damage that tenants may cause just by taking the property for granted. No matter how thoroughly you screen your tenants there are always some of them who would damage your property. Keeping up with the tenants can be a devastating phase, which can make you suffer mentally as well as monetarily. Although, as difficult it is there are many ways where you can save your house from being damaged and also make the whole process less painful.
Tenants can be really fussy and can create a lot of damage. Damages like harming the property, breaking the furniture, punching holes in the walls, cracking tiles, damaging wood floors, etc. are some tenant damages done by them. These situations might take a toll on your head and leave you in a rough state. As difficult the instances are there’s always a solution for it, scroll down below for options to look out when tenants destroy the property.
What to Do In Such Circumstances?
The initial step is to educate yourself and understand the law and causes of the destruction. Damage can be caused due to innumerable reasons like natural calamities, intentional negligence, etc. In some states, if the damage isn’t caused due to any natural hazard then the tenant is liable to pay for the financial recompenses to the homeowner. Although, the only difficult part of the whole chaos is to tackle the situation peacefully.
There are different ways to tackle different situations, some of the cases are given below for your reference.
If Your Tenant Is Still Residing In Your Property
It is extremely important that you document everything for further references, so that any action you take in the coming future has a written justification or evidence, respectively in case if there is any court case involved. Another point to remember while you document things is to take high-resolution pictures of your property before your tenant moves in. Additionally, maintain a document in which the tenant agrees to his or her responsibilities inclusive of the quotes that contractors provide for repairs that will justify the costs.
Talk With Tenants For Negotiation –
In the occurrence of accidents, if there is any damage to your property then the best way out is to talk with your tenant. If your tenant has had a good reputation in the past then you shouldn’t escalate the issue, talking with them and negating terms will do the job.
If the tenant proposes to do the job by themselves and handling the whole situation then it is a good step towards a peaceful end. If at all the tenant is unable to pay for the damage then try to come with a plan that suits all like partial or monthly payments, this will keep the transaction flowing smoothly. In the end, all you have to do is to keep calm and never forget to document every little detail that the tenant has agreed upon.
Part or Full Deduction From Security Deposit –
Security deposit is the best thing to be touched down when you and your tenant can’t boil down to mutual conclusions. Security deposit is a chunk of amount given to the landlord before the tenant moves in. The security deposit can be refundable or non-refundable, this is completely dependent upon the agreed terms between the landlord and tenant respectively.
The landlord has legal rights to deduct a part or complete security deposit if your tenant has caused any damage and is not ready to recompense. If the money is not covering the full price of your damage then you can move on to other option like filing a lawsuit.
Consider Filing a Lawsuit –
If the tenant is stagnant and won’t agree to pay for the repairs then you might want to consider filing a lawsuit against them. Although, if the price of the damage is not much or is bearable then the best option is to elude any legal collaboration. You wouldn’t want to spend extra money or time on certain things, it is better to keep the security deposit and let go.
If Your Tenant Is Being Violent And Dragging Issues Unnecessarily
Filing For an Eviction –
If nothing works, then in the end, all you can do is evict the tenant, if he/she is behaving aggressively with you or is damaging your property on purpose. Although, eviction is a slow process and it can often get complicated hence, it is advised to do your research well before taking any step.
Bringing It Under The Police’s Notice
If your tenants still won’t pay heed to your actions, your next step towards this should be involving the police and telling them about the whole scenario. As told earlier, documenting the entirety is really important as involving police can be tricky, and things may take a bad turn. It is crucial to keep all the evidence in place. Furthermore, it becomes easy for the police to intervene and take possible actions depending upon the situation.
Considering ‘Cash for Keys’ As Your Option –
If you want to elude all the hassles of a problematic tenant then cash for keys is the best option to go with. All you want to do is offer a few dollars to the tenant to avoid the rounds of any legal procedures, as it may be not the ideal scenario for a homeowner but it will prevent the upcoming damage.
If Your Tenant Has Left Or Is Non-Responsive
Take The Legal Way To Confront The Situation
In most cases, the tenant damages your property and leave no traces of their existence, so what to do when you find yourself stuck in a rut? If your tenant has disappeared post damage or doesn’t take initiative to resolve the issue, you might have to invite legal jurisdiction into the issue. You can hire an investigator or an attorney to find your tenant and carry with the legal procedures further. This is an extreme and sporadic case where a tenant doesn’t show up or has to be tracked down.
Consider Filing an Insurance Claim
The easiest way to cover your tenant damages is to opt for claiming insurance. If your tenant has caused any damage intentionally or unintentionally then the smartest way out is claim insurance and cover the damages. If you don’t want to do so you can choose not to claim the insurance and pay for the improvements from your pocket, which won’t be the smartest decision.
We Buy House for Cash; Any Condition, Any Location
After perceiving all the scenarios stated above, you might choose the best suitable option for yourself respective of your tenants and the damages they’ve caused or causing. Lastly, we can tell as some damages can be covered while some may leave you stranded, in such instances it is best to sell your house for cash.
Selling your house to cash buying company will aid in a profitable sale meaning your house will be sold on the basis of FMV (Fair Market Value) and as-is. We at Elite Properties will help you in selling house in as is condition and give you the best offer on your damaged property. Not leaving behind, they will also provide the best possible solutions for your tenant related issues. You can reach out to us at Elite Properties or call on 718-977-5462.
Selling a home is an arduous task, it requires a lot of time, effort and money. As easy as it looks, it becomes more challenging with each progressing step. Some homemakers make home selling process seem like finding a needle in the haystack, whereas it is a laid-back method if you avoid these 7 home selling mistakes for a profitable sale.
There are innumerable home selling mistakes that homeowners make, and very often they are common with every house and house owners. If these mistakes can be prevented there is a possibility of a homeowner to increase the yields of the sale by raising the profits by half or more. You must be thinking what are these mistakes? And how to avoid them? The answer is; we will brief you with all the home selling mistakes, so you have a guaranteed sale. If you are a first time home seller then scroll down below for the insights.
Incorrect or High Pricing of Home
Incorrect pricing is the topmost reason for home sale fall through. No matter how emotionally connected you are with your property, the truth is; a home will never be sold if priced incorrectly or high in that case. For you, your property might be the best one, although for others it may be just a functional piece with less or more amenities. It is important for you to detach the emotional ride and adapt a perspective of a potential buyer, and look for improvisations.
A competitive price will always attract potential buyers, this does not mean you have to set a lowballed or a high offer. A high price will drive away buyers whereas a low offer will make them lose interest in the house, thinking the property may have defects.
The Mistake of an Unprepared Sale
Another mistake home sellers make is neglecting necessary repairs; you can’t sell a home that has sewage issues or a leaking ceiling. Remember the first impression is the last impression and the same applies in real estate as well. A buyer can and will pay a high price if your home looks beautiful and is fully functional.
- The first thing to keep in mind before you proceed with the walkthroughs is to make repairs wherever necessary.
- Second, enhance the curb appeal of your house; mowing the lawn, painting the walls, cutting excess growth of plants, little things like these will go a long way.
- The third thing is to do optimum staging, staging your home can make anyone fall in love with your house. Light scented candles, paint neutral colors to the wall, put DIY handicrafts, keep pets away don’t let clutter dominate the beauty of your residence.
It is very easy to negate such issues, but a little or so these concerns might blatantly cause a fall through of sale. Not preparing your home according to the prerequisites of a walkthrough might be your last mistake. While you are letting others in, make sure you show them each corner of your home.
De-cluttering your home, vacating the congested spaces and staging are some pro tips for a successful walkthrough. By doing so you are improvising the sale proceeds as well as making a good impression of yourself and the home in the eyes of the buyer. Make sure you show each niche of your house so that no stones are left unturned. Highlight the dead spaces so that they can create something of their own and design the place according to their taste.
Not Being Flexible With Showings
The fact is undeniable that walkthroughs or showings do require time and effort. Potential prospects must feel warm and welcomed as soon as they enter your house, no visitor would want to see a shabby house with stuff scattered everywhere. If you can’t schedule your timings according to the prospects, you’re in a big loss. There are going to be tough and rigid timelines but being flexible is the only way out, a little time can turn into a big profit someday. Plan your day according to the visitor’s timeline so that the process of walkthrough can be easy and stress-free.
Not Maintaining Transparency with Potential Buyers
Another home selling mistake is being dishonest with buyers. This is the main cause of fall through of sales, evidently because homeowners hide about the conditions of their house. There are a lot of aspects that fall into a good sale unfortunately being opaque is not of them. To avoid this mistake you can create a complete documentation of done repairs, repairs required and money spent altogether inclusive of insurances and taxes so that the buyer is convinced that there are no issues lurking beneath the surface.
Proper disclosures are really important while selling your home; in some states being dishonest with buyer can fail your sale and lead you to a lawsuit which means a trouble forever. It is advisable to talk to the prospects and guide them through the nook and corner of even the ugliest areas.
Avoiding Flexibility with Negotiations
It’s always good to have an open mindset while you put your home in the market. Negotiating terms before selling your home might give you a profitable sale. Try melting the terms mutually, being stubborn and asking for higher price might lead to a major loss.
You’re Probably Listing at the Wrong Time of Year
While home selling is carried throughout the year, there are still some perks of selling it at the right time of the year. The question is, what is the appropriate time for selling your house? The answer, late February to Mid-May. Listing your home in colder months would come with many cons like, improper or naught walkthrough requests, no space for necessary improvements, house look drab and covered in snow. Your home might sit back in the market for longer than expected due to the lack of home buying interest. Listing your home at the right time will give you better chances of selling quicker.
Do Not Avoid We Buy House for Cash Offers
We comprehend selling your home needs a lot of time, money and energy. If you are in a situation where selling your home is taking a toll on your head then sell it to us at Elite Properties. Selling your house to ‘companies that buy houses for cash’ guarantees you a profitable sale, as a bonus ‘we buy houses in any condition’ which means; selling home as per your convenience.
If you find yourself stuck in a rut and want to make a faster sale then contact us at 718-977-5462 or reach out at Elite Properties. Sell your house fast for cash and make the home selling process easy, we won’t request for any documents or any efforts to stage your home.
The amount of downsized homes have gradually increased in the past few years, and we do suggest to try it out for yourself. Even though this idea wasn’t one among your all-American dream, sometimes stepping down from your current home to a much smaller one would be the best strategy to save yourself from a financial crisis or being bankrupt. Life might turn upside down without your consent and going along with the flow might submerge you in deeper troubles.
But, a majority of the people fail to understand the right time to let go of your current home to a smaller one. By the time he/she picks up the situation, it might be too late. Downsizing home in NYC is pretty much simple with all the experienced real estate agents in the locality. Well, the ‘we buy house for cash’ campaigns of most of the real estate brokers in NY is pretty endearing too. Let’s have a look into the advantages of downsizing house in NYC.
1. Gradual Increase In Cash Flow
Whatever the plot is, it always comes down to finance. The less you spend, the more you save. The same goes for real estate platform too. If you are spending less or paying a lesser mortgage amount to your property owner, you are likely to save a few more bucks every month that you can allocate for other needs. Some extra money can come in handy always.
2. Save on Utility Bills
A smaller house uses less energy on electricity and other resources. Well, air conditioning a smaller room is lot energy efficient and pocket-friendly when compared to a larger room. The same goes for water too. By downsizing home, you can see a drastic decrease in the utility bills.
3. Save More Time
Let’s talk about maintenance now. Even if you have rooms that aren’t being used on a regular basis when it comes to a home renovation or house painting you must include these extra rooms too. This results in more maintenance and time. Shifting to a small house in NY will always help you to save some extra time and efforts.
4. Less Stress
With everything going along as you desired, less responsibility, more leftover money, and greater flexibility, the amount of stress you’ll experience will be less. Homeowners who have successfully downsized appear happier when they are no longer overwhelmed by the demands of larger home.
The Right Way to Downsize in New York
1. Plan for a Long-Term
Planning is the core of everything. Considering all the scenarios before searching your new home is a wise plan. Whether you need a guest room, a home office, or even an extra garage, make sure all your requirements are met accordingly in your new house. You can hire a real estate expert in NY to sell your home and buy a new house in NYC.
2. Keep an account on the Hidden Expenditures
Well, downsizing seems like a pretty good idea, but it does involve selling current home. Make sure your home is in sellable condition. If not, you should use some resources and money to make the home sellable. So, when it comes to the finals expenditure make sure you aren’t losing money.
3. Hire an Expert
It would be better to hire a real estate company in NYC to sell your current home and buy a new one. They can make the whole process easy and hassle-less. Selling your house to ‘we buy houses for quick cash’ companies in NY will be an excellent choice if you are in a hurry to shift to your new home. Having an expert in real estate sector is always an advantage.