"Where Can I Sell a Run Down House?"
Following are some of the more frequent questions we receive regarding buying homes for cash or selling investment properties. If you can't find your answer here, call us today! We would be happy to answer them!
Click on each question below for more information.
What is ARV real estate?
ARV real estate means buying a distressed property, making the necessary repairs, and then selling it at a profit. Some call it "flipping" a house. The real estate ARV is calculated by estimating the value of the property after the repairs are made. It is a calculation that is based on the expected sales price minus the purchase price and cost of repairs. It is the profits that you have after all the repairs are made and you sell the property.
What is the Virginia Foreclosure process?
Unfortunately, due to circumstances that are beyond your control, sometimes people face foreclosure. Although the foreclosure process must comply with state law, the foreclosure process in Virginia is enforced and carried out on a county level. Each county has its own process. Although these processes are similar, they are different in many ways. We can help you navigate the foreclosure process in Virginia if you live in the Richmond area.
Can you really help people in any financial situation?
We can help many people in many different circumstances, but there are some cases where we are unable to help. It is difficult to determine exactly who we can and who we cannot help without a bit more information about your unique circumstances. The best option is to give us a call, and our team of professionals can see what we can do for you.
How does selling to Homebuyers of America differ from selling with a real estate agent?
Selling your home through Home Buyers of America differs from listing your home with a real estate agent in many ways. The most drastic way that it differs is in the time frame that it takes to sell your home. With a real estate agent, there are many steps. You must call the agent. Then, they must come to your home and make an assessment of the value of your home and what they think that they can get from it. Many times, they will not even accept trashed houses or distressed properties without you agreeing to thoroughly cleaning it up prior to putting it on the market. Agents aim to have your home "move in ready" for the next tenant.
If they decide that they can sell your home, they must then list it on the MLS so that potential buyers can find it. A good agent will include advertising to help get people looking at your listing. However, some do very little in the way of advertising, and you must do the legwork to sell your home.
If someone is interested in your property, they will have to apply for a loan through a bank. If their financing does not go through, which you might not know for weeks, then you have to start all over with new potential buyers. Once you find a suitable buyer who qualifies for financing, then there is the long closing process.
Often, the bank will want a home inspection, appraisal, and other requirements. This can take a month or more. If any of these bank agents finds a problem with the property, the process can be delayed or fail altogether. Banks will refuse to finance properties that do not have enough appraised value to back the loan. They will also not finance homes that need major repairs such as upgrades to the electrical systems, plumbing, HVAC, foundation, or roofing issues, or properties that need major cleaning and debris haul outs.
With the Homebuyers of America process, you do not have to go through any of this. You make the call to us, and we make you an offer. If you accept the offer, then we can finalize the transfer of the property quickly and get money to you quickly.
What if my home is in bad shape? Or full of stuff?
We have seen all types of properties! Some are in great condition and the owner is just trying to get rid of it quickly because they don't want it. Some need a little TLC to get back to good shape and don't require much. Some have been vacant for many years and need a complete overhaul! We have purchased properties that are full of hoarded items or still contain furniture and toys. Clean, dirty, small or large. You never know until you contact us to come take a look and make you an offer. No matter what condition your home is in, remember it is up to you to decide if you accept our offer or not. So what's stopping you? Pick up the phone and call us NOW! What do you have to lose?