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5 Easy Steps to Counteract Low Ball Offers

Selling your home is somehow tricky. You have to go through intensive processes and accomplish several coursework to finally bring your property out of the market. Usually, this includes your home repairs and improvement projects,  marketing strategies to sell a house faster, and finding comps for your house to  come up with a fair value for your property.

You are done with all of this hard stuff and have posted your property for sale. After several weeks of your live advertisements, fortunately, you are receiving purchase offers from interested buyers. However, upon reviewing the documents, all you get are low ball offers. Frustrating, isn’t it?

What is a Low Ball Offer?

A low ball offer is a purchase offer from a buyer that is lower than the seller’s asking price. Typically, low ball offers are far less than your house’s worth. This kind of offer, in some way, frustrates or insults home sellers.

If you were able to receive such offer, don’t feel any aggravation as this commonly happens to the majority of home sellers. Instead, follow below steps to respond to low ball offers.

Stay Calm1. Stay Calm

You have spent thousands of dollars and exerted so much effort to build your home. Then you just received an offer that is insultingly lesser than your house’s worth.

Although some home sellers would feel upset with this purchase offer, it’s vital to you keep your composure. That normally happens to every home seller.

Moreover, don’t just easily dump the offer as it is when the real business begins. Don’t let your emotion ruin the sale instead make wise business decisions to come up with a pleasing offer that both of you would agree.

Remember, you have found someone who’s interested in purchasing your house. Turn this probable buyer to a serious buyer.

Focus on selling your home2. Focus on Selling Your Home

Low ball offers must not hinder you to make necessary actions to sell your house fast in Washington DC. Remind yourself that you are making a business so you should focus on this goal. Taking the insult seriously won’t help you anyway.

Find more offers. Work on your marketing strategies and study the market trends to uncover more possibilities.

Read: 12 Ways to Market Your House For a Quick Sale

Review the Terms of the Purchase Offer.3. Review the Comparable Market Survey

The initial process in home selling is to prepare and review the comparative market analysis to help you price your house competitively. However, since the real estate market changes rapidly, the analysis only remains consistent for a couple of months. Therefore, you have to revisit the comparative sale prices within a certain time span.

Prices go up and down and it is possible for your property to get below or above the listing price and become incompetent. If you get low ball offers, request for your buyer’s list of comparables and vet whether their purchase offer meets the current market value.

Some buyers don’t have the list and just made offers according to statistics that aren’t legit and real.

Retort with a Counter Offer..4. Review the Terms of the Purchase Offer

Although the price is the biggest factor in selling your home, it is not certainly the sole thing. So if ever you received a lowball offer, don’t immediately reject and abandon the document. Price is only a single component out of the many factors and terms so assess the offer before you rip it off.

The terms to consider includes the concession date, inspection contingencies, seller concession amount, and possession date, amount of earnest money, the amount of repairs, buyer’s down payment percentage, and type of financing your buyer will take.

Review the Comparable Market Survey.5. Retort with a Counter Offer

Receiving a low ball offer means someone is interested in your property. Grab this big opportunity. Instead of getting frustrated of their proposals, make way to flip the insult to a chance. Respond with a counter offer.

Your counter offer should include your lowest and final price. By doing this, you eliminate playful buyers and avoid the exchange of offers every now and then.

However, if you make a counter that offers the full price, buyers would possibly deter from sealing the deal.

Low ball offers are part of the game so don’t stress out. All you can do is to follow above steps to make this challenge as an opportunity to sell your house at the price it deserves.

Or you can sell your house to the Home Buyers. We buy houses and make a guaranteed fair offer for any property no matter the condition is.

You will never get low ball offers from us. Contact us now so we can close the deal as early as 7 days. Ready? Click here!

8 Warning Signs that Your House is Overpriced

The popular adage says, “Home is where the heart is”. However, in home selling, it is also where debts or wealth could be. Pricing is a critical factor in the real estate market and it is imperative that you set the ideal and right price for your property.

Sadly, most home sellers, especially those first- timers, tend to overprice with the belief that their house is worth exactly their expectations. In reality, it isn’t. Instead, it could harm your sale and gives you costly consequences. Worst, you won’t able to sell your home.

How to Tell If a House is Overpriced?

If you are selling your home and experiencing these 8 warning signs then you have probably priced your property higher than the average market value.

Price is Higher than the Neighborhood.1. Your Price is Higher than the Neighborhood

Make sure that your house is priced relatively closer to your neighborhood.  If your house was listed thousands of dollars higher than the nearby market, then you will probably get frustrated with the results.

Usually, what happens is your neighbor’s houses are selling faster while yours is not. If this happens, lower your price according to the comparative market analysis. This study analyzes the prices of the homes sold in the nearby area for the past 6 months. With this, you will get the most competitive value for your property.

Rare or No Scheduled Showings.2. Rare or No Scheduled Showings

As a home seller, you are excited for your property’s sale though it could frustrate you if it receives less to no request for scheduled showings.

The first few days of your live listing should have the most engagement, however, if you have priced your property higher than the fair market value, the likelihood that buyers will miss it.

Usually, buyers and agents will set up notification alerts in case a listing meets their requirements. This includes the house area, number or rooms, and of course the price. Although you have met most of these features, but your price is not within their range, the less likely they will see your listing.

If your listing has been stagnant for a week or more and you received few requests for showing, then try to adjust the price down. You will be surprised by the results after you’ve made the changes.

No Offers Received.3. No Offers Received

In the real estate game, home sellers would commonly receive offers two to three weeks after they posted their listing. If you haven’t received anything for months, then suspect something is wrong on your sale. Most probably, it is the price.

Sky-high price will scare off buyers. In fact, with your price higher, you are making low- priced properties more attractive, which help them sell faster.

While some buyers still show interest to your house, they would still prefer another similar home that price lesser than you.

Others would also get offers especially if the real estate market is high and if the property was priced correctly. If this happens, do not miss the opportunity. Generate more offers by setting the most competitive price for your home.

Less to No Visits During the Open House.4. Few to No Visits During the Open House

As the homeowner, you have the discretion to do an open house or not. Open house enables probable home buyers to personally see your home and have a feel of it without any pressure. This is an ideal way to market your house.

Read: 6 Home Selling Etiquettes Every Homeowner Should Practice

However, if you scheduled an open house and no one walk in to see your property, then make an assessment. You will find out that your house was overpriced.

Low Internet Traffic and Property Inquiries.5. Low Internet Traffic and Property Inquiries

Today, home buyers opt to search the internet for the latest house for sale nearby. It’s easier for them to check which of the listed properties qualify their parameters and once they like your home, they will surely reach out to you for further information or even set a private viewing schedule.

If your property is within their specifications, the home listing will likely to receive more traffic. You would also get phone calls from strangers inquiring about your house for sale. While this can happen, it is also possible that you get less to no traffic and phone calls at all.

Make sure to set a home’s price that is within the range of the market as overpricing will hurt you in the long run. Set the most competitive market price as it helps to see your property in the search results.

Gets Low Ball Offer.6. Gets Low Ball Offer

It is seldom for a high-priced property to get offers. If this happens, you are, in some way, is fortunate.

Typically, over priced properties get lowball offers. This happens when buyers tend to negotiate a lower offer than your acceptable price. This is normal but if you received several of this kind, you might as well reconsider your price.

Avoid these low ball offers by studying the market and cutting down your price based on the comparative market analysis.

Read: 5 Ways to Counteract Lowball Offers

Appraisal Issues.7. Appraisal Issues

You have found a buyer that is willing to pay for your property. No negotiations whatsoever. She wants the place, your house amenities, and everything in between. However, to seal the deal, she needs to borrow money from the bank.

All banks require an appraisal. So your property is not an exception. A local appraiser will visit and make an estimation of your house accordingly. The valuation is based on the market rules, not on what you think your house deserves or the intensity of the sellers liking to buy your property.

Once the appraiser found out that your house has lower value compared to your selling price, the bank will for sure decline the mortgage. This results in no sale at all.

Sell your house fast by giving the fairest and competitive price to meet the client and bank’s requirements.

Listing Expires.8. Listing Expires

The most apparent sign of an overpriced property is when your listing has expired without any progress and good news of sales. The higher your price is compared to your neighboring real estate, the longer your property will sit in the market. The longer it sits, the more vulnerable it becomes to being stale.

Once buyers learned that your listing has been on the market longer than the average listing, they would instantly suspect something is off beam with your property.

Pricing too high has always a risk. You don’t want your listing to sit longer, or worse, wait until it totally expires. If your listing expires, don’t blame the buyers as to not they are ready or willing to buy your house.

The major issue is on your house’s price tag. To sell your house faster, lower your price that is acceptable to home buyers. You will likely to close a deal in less time.

Observe these warning signs during your house selling. If these happen, never have doubt to lower your asking price. It won’t harm you, anyway. It will instead give way to more home buyers to your property and seal the deal.

If pricing your house is your weakness, let The Home Buyers work for you. We are real estate professionals, who have dealt with several home sellers. We are happy to serve our clients and help them get the best deal for their houses.

We buy houses of any kind and type in Washington DC and surrounding communities. Call us today and we will offer the most competitive price quotation for your house. Let us seal the deal now!

6 Common House Pricing Mistakes You Should Avoid

Your pricing strategy plays a major role in selling your house. Price it high and it may sit long on the market. Price it low and you will lose a lot of money on the table. Doing any of these has negative impacts on your property’s sale so it is imperative to set the right and fair price.

Read:  6 Tips to Competitively Price Your House

Price Right and Sell Your House Fast in Washington DC

Home sellers want to get the most of their sale. However, with their fervor to sell it fast, they instead make mistakes that delay the sale. Below are 6 of the most common house pricing mistakes homeowners make and ways to avoid these blunders.

Expect 100% Returns.1. Home Sellers Don’t Do Research

Some home sellers based their pricing on hearsays and suggestions. This shouldn’t be. As home sellers, it is important to do intensive research and investigate on the market activities before you finally set a sale price for your property.

Read: 5 Worst Home Selling Advice You Should Never Believe

Don’t just rely on the listing prices as they are not accurate. The majority of these houses are typically sold at 7% to 9% less their asking price so you might set your home a higher value than the average market rate. Instead, base your price on your competition. This is way truthful than the listing.

Real estate agents can do an in-depth study of the comparative market analysis of the housing market nearby. This report tells how much the recently sold properties within your area were priced. From there, decide on the price your property deserves.

Home Sellers are Emotionally Attached.2. Home Sellers are Emotionally Attached

Your house’s worth is not determined by the time and effort you spent in your home. Although it’s natural to get emotionally involved in pricing your property, buyers won’t feel a similar way. This is one of the common mistakes first-time home sellers fall into. But this should not be a determining factor for your listing price.

Instead, focus on the statistics offered by the competitive market value and stay objective on coming up with your price. Don’t feel upset of low ball offers as they are good bases to negotiate your sale.

Read: 5 Easy Steps to Counteract Lowball Offers

Home Sellers Overpriced their Property.3. Home Sellers Overpriced their Property

The first 10 days of your listing is the most crucial as it generates more activities in the market so make sure it gets the best first impression. Usually, homebuyers opt to overprice their property especially if they are not in a rush. However, that might cause negative notion to your listing.

Home buyers tend to ignore overpriced properties, especially if it is out of their range. This is a key reason why some properties sit longer in the market. By the time you cut the price lower, they could have possibly found a better deal.

Read: 8 Warning Signs that Your House is OverPriced

To avoid this mistake, set a fair and competitive price for your home to attract serious buyers and sell your house faster. This is way better than paying for more fees while your list is sitting longer on the market.

Sets High Price in case of Negotiations.4. Sets High Price in case of Negotiations

Home sellers believe that pricing high is ideal to make room for negotiations. However, this is actually a major mistake to avoid. Although this practice has been common in the marketing game, it could shun serious buyers away from your offer.

Buyers are smart. They are armed with tools to start their house hunt. Through the internet and the data from CMA, they can determine which homes are priced fairly and are over-priced.

Price your property accurately. Do not worry on buyers that keep asking for low-ball prices. You will for sure meet serious buyers that will buy your house at your price or even make better offers. You can also sell your house to cash home buyers.

Home Sellers Don’t Do Research.5. Expect 100% Returns

You have invested thousands of dollars in putting up better amenities on your home before you make it on sale. However, never expect that you will recoup your expenses by increasing its value. While some renovations and repairs can sell your house fast, never expect a 100% return. Your house’s worth is usually less than 80% of your total investment.

Even you made serious home improvements for a more marketable property, remember that they still depreciate in value. Just accept the fact that overpricing your property won’t get your money back in full.

Based Price on Other Purchases and Personal Needs.6. Based Price on Other Purchases and Personal Needs

Home sellers tend to price their property based on their future needs. They want to purchase a new home, indulge themselves to luxurious holiday breaks, or use the money to pay their debts or mortgages. While this is common, increment pricing to satisfy your pressing need has no merit.

Price your property right. This would help you sell your home faster and bring higher returns.

Pricing your property is the most challenging task in the house selling process. This is no wonder why sellers made these errors. Steer away from these 6 home selling mistakes to guarantee a quick sale at the price your house deserves.

On the other hand, if you want to avoid these pricing mistakes, The Home Buyers is here.

We buy houses at a competitive pricing scheme based on its condition, age, location, and features. We also consider the repair costs and study the housing market to come up with the best value.

Contact us. We are excited to receive your request.

5 Reasons to Sell Your House to Cash Home Buyers

Your house is a precious property. However, because of several reasons like foreclosure, retirement, divorce and other confidential and personal matters, you opt to put it on sale.

Selling your house, especially if it’s your first time, is a big challenge. You need to engage with organizations, do intensive research, meet different type’s buyers, and even experience these common home seller mistakes. And although you have made your best effort, the sale may take longer than expected. It can take months or may sit in the market for years before you finally made a sale.

Why Sell Your House to Cash Home Buyers in Washington DC?

If you want to sell your house, you can either work with a real estate agent, who will take charge of the house selling process. Or sell your property yourself to minimize hefty expenses and charges. However, if you want to sell your house fast, a cash home buyer can help you.

Here are 5 best reasons to sell your house for cash.

Buy your house fast.1. Buy House Fast

A cash home buyer offers great advantages in the sale of your house. They omit the traditional process of listing your home, marketing, and advertising, and preparing for an open house, which makes the transaction fast and hassle-free.

Instead, they can offer price quotations and close the deal within 7 days.

Buy your house for cash.2. Buy House for Cash

Cash home buyers don’t rely on cash loans and mortgages to seal the deal as they have available funds to purchase your property. They can even pay through certified funds or pre-scheduled payments and can pay your existing debts to avoid your properties repossession.

Engaging with cash buyers is less aggravating than working with an estate agent.

Buy any kind of properties.3. Buy any Kind of Properties

If you think that no one will buy your house, call a home cash buyer.

Cash buyers purchase any type of properties. Whether it is an old house that needs home improvement, a wrecked property that requires full renovation, or a raw land, a cash home buyer can still make an offer.

Experience minimal problems and delays.4. Experience Minimal Problems and Delays

Selling your property is challenging but with the help of a cash home buyer, everything is just right. You won’t experience any hassle along the way as they are experienced and adept in handling real estate transactions.

No third party is involved so communication only runs between you, which provide relieve for the home buyer.

Saves you Money.5. Saves you Money

Selling your property is costly. You need to pay for legal and survey fees,  invest in your house improvement projects and other miscellaneous charges. If a real estate agent works for you, 6% of your house’s total sale goes to the commission fee.

On the other hand, a cash home buyer doesn’t charge anything so you can get your cash in full and save a lot. However, be careful on transacting with would-be cash buyers. These warning signs will help you identify home buyer’s scammers.

Selling your home for cash saves you from extensive house selling procedure and unwarrantable charges.

Feel free to contact The Home Buyers. Our professional specialist gives fair repair estimate costs and competitive offer.

Fill up our online form and send us your home’s details and we will immediately respond with our best quotation.

12 Ways to Market Your House for a Quick Sale

Your home is your biggest asset. And when it comes to the sale of your property, ensure that your house receives the best value.

Selling your house is not as easy as what you think. It is a long-term commitment that can result in a financial gain or loss.  To competitively sell your house and avoid frustration during the process, here are 12 marketing plans you can implement for a quick sale.

Marketing Strategies to Sell Your House Fast in Washington DC

Build a Personalized Website to sell your house fast1. A Personalized Website

Build a personalized website to promote your home. This should include your home’s specifics like the number of rooms, floor area, and a list of nearby amenities. Your website should also display photos of your home’s exteriors and interior setting.

Moreover, don’t forget to post your contact details and address for the benefit of those interested buyers who want to inquire about or visit your property.

Read: How to Create A Website to Sell Your House Online

Create a video tour tosell house fast2. Video Tour

Just like you, home buyers are also busy with their personal stuff so a video tour that showcases your property is beneficial. This tour allows home buyers to envision themselves in your house even they have only seen it virtually.

Highlight your home’s asset in each tour. Doing so attracts buyers to visit your home.

Read: 4 Types of Video Tours that Sell A House

Take Quality Photographs home buyers3. Quality Photographs

Take clear and quality photos of your house to highlight its features and fine points. Apart from the interior shots, the curb view should appeal to your customers as this single photo can make or break the sale of your home.

A camera phone can be of good use. But a decent digital camera can provide clearer and crisp photographs and can capture better angles. Or else, hire a professional digital photographer to do this job for you.

Read: 6 Tips for A Stunning Real Estate Photography

Real Estate Websites Advertising to sell your house the home buyers 4. Real Estate Websites Advertising

Today,  home buyers initially browse the web to scout for properties for sale. Since the internet is a  great resource to access real estate listings, grab the opportunity to list your house on the most visited real estate portals such as Trulia.com, Realtor.com, Yahoo.com, and Zillow.com.

These websites enhance your property’s online visibility and make it more noticeable to potential buyers. Moreover, they are good sources in finding the right comps for your house.

Read: 10 Real Estate Websites to Advertise Your House

Multiple Listing Service cash home buyers5. Multiple Listing Service

You can also list your property to Multiple Listing Service. Home buyers usually visit this portal to check properties for sale.

Social Media Marketing cash for homes6. Social Media Marketing

Social media are helpful channels to spread your word out. These are free and can provide better publicity to your property.

Use Facebook, LinkedIn, Google+, and Twitter to effectively advertise your sale. And ask your friends and family to share your advertisements. It will surely go a long way.

Read: Benefits of Using Social Media to Sell Your House

House Improvement Projects we buy house7. House Improvement Projects

Apart from quality photos and online advertisements, work on your house total appearance, too. Make sure you finish all the pending house improvement projects prior to placing it on the market.

Sell your property in a better condition as it can augment your house’s value.

Read: 10 Things to You Should Prepare to Sell Your House Fast 

Flyers and Brochures to sell my house8. Flyers and Brochures

Full-colored brochures and flyers are great marketing tools to advertise your house. Aside from quality photos, point out your property’s assets  in the brochure. Specify and highlight important details and include your contact details as well.

You can personally distribute this paraphernalia to passersby or just place it in a brochure box in front of your home accessible to visitors and strangers.

For Sale Sign we buy houses9. For Sale Sign

Plant a distinctive for sale signage in your yard to notify your neighborhood that your property is for sale. Moreover, this informs onlooker and possible home buyers a property is for sale in the nearby street.

Ensure that your signage is visible enough even in the distance.

Newspaper and Magazine Advertising we buy houses for cash10. Newspaper and MagazineAdvertising

You can also buy a space in newspaper and magazine to advertise your listing. This strategy has proven effective to drive more eyes to your property.

Open House to sell your house fast11. Open House

Prepare for an open house to showcase your house to prospect buyers. Clean, de-clutter, and repair before you finally set a schedule for your property to get public.

Offer your home buyers with coolers and send out flyers during their visit.

Moreover, observe these home selling etiquettes as they can help in the fast sale of your property.

Read: Open House Tips for Sellers

Target Marketing thehomebuyers.com12. Target Marketing

Aside from the indirect marketing listed above, you can also target your marketing method by directly mailing the property’s information to qualified buyers. You can select neighborhoods that show interest in purchasing your home.

These 12 marketing strategies are proven effective in selling your house. Tap any of these ways and you will for sure drive interested buyers and sell your house fast.

However, if you can’t afford to do any of these marketing tips, as some of these require you to spend a certain amount, but would like to sell your home fast for cash, a cash home buyer can help.

The Home Buyers purchases properties of any condition and type. You don’t need to do any of the above lists as we buy as is and even ugly houses.

Contact The Home Buyers and our friendly customer representative will assist you.

6 Tips to Competitively Price Your House

If you are a first-time home seller or someone who wants to sell their home without a real estate agent, your major homework is to identify your property’s worth. Pricing your house is not a guessing game.  It should be done systematically with a basis to come up with the right and competitive price that will entice more home buyers to purchase your house.

How to Determine The Price of Your House?

Does it sound intimidating? Don’t worry! We will help you price your house right to competently close a deal with the right home buyer. These 6 tips can help you identify your property’s value in no time.

competitively price your house we buy houses1. It’s all about you

Identifying the price of your property for sale is one of the main agonies of home sellers. If you are done with your home improvement projects and have put everything in place to competitively sell your house in the market then decide on your property’s worth.

Make sure the odds are in your favor, not to the real estate agent or someone, in coming up with your price.

competitively price your house we buy houses2. Do not easily trust on the valuations by real estate agents or mortgage lenders

Real estate and mortgage agents will give valuations of your home. However, don’t just easily rely on their assessments as their pricing criteria may be in contrast to yours.

Mortgage valuer, especially those that are not local residents of your place, may base their valuations on the statistics provided by the Land Registry or other house sales information sources, which are actually unreliable.

On the other hand, local agents might suggest higher valuations. But beware; their goal might not sell your property fast but to win your trust for you to hire them as your professional real estate.

competitively price your house we buy houses3. Do an intensive market research

Whether you are planning to sell your home yourself and just need to price your property correctly, it is necessary that you study and research on the local house prices.

Turn yourself into an expert. Identify the number of houses sold and still for sale in your area with the help of Mouseprice, Rightmove, and Zoopla. You can also visit real estate websites to check on the latest asking price within your place. Or find comps for your house to determine the best selling price of your property.

Observe the movement of the housing market. Is it falling or rising? Is there a glut of sellers or buyers? Identifying these data can provide you with the house trend prices in your location.

competitively price your house we buy houses4. Assume negotiation beforehand

Price your house accordingly. Make sure you are ready to compromise at least 5%-10% of the total selling price. Set an adjustable price for possible negotiations. But if you want to get off those hefty commissions, you can either sell your home yourself or engage with a cash home buyer.

Read: A Guide to selling your house without a real estate agent.

Remember that pricing too high or too low has risks. Beware of your price scheme and always settle for a competitive rate.

competitively price your house we buy houses5. Plan your marketing strategies

There are different ways to market your property. Plan for strategies that can help you sell your house fast like posting for sale signage outside your house, printing out flyers, posting on social media, or schedule an open house.

Read: 12 Ways to Market Your House for a Quick Sale

You can also tap your real estate agent to work on the marketing, however, assess their stratagem. Remember that you are not totally compelled to accept all his recommendations.

Different countries use different strategies so make sure that you adapt the ones that are proven effective in your location.

competitively price your house we buy houses6. Decide on your timeline

Do you want to sell your house quickly or you can afford to take it slowly? Your selling price can also depend on your sale timeline.

For an instance, if you want to sell fast then you have two options. It is either to lower your house’s selling price or ask prospect buyers for sealed bids.

Once you put your property into a “price to sell quickly” option, expect a flock of home buyers and real estate agents as this strategy can immediately seal a deal.

On the other side, if your house is on demand and when the market is hot, asking for the “best and final offers” can help you sell fast. This approach is effective. Home sellers usually receive good offers, often considerably above their asking price.

However, if there’s no need to sell your property quick, you can either price high or low depending on your goal. But the risk is it might sit longer in the market, which might blight a negative impression from buyers.

Read: When is The Best Time to Sell Your Home

The final selling price of your house always depends on you. Make sure you don’t oversell or undersell. Consider the above criteria to come up with the best and most competitive price for a quick sale.

The Home Buyers provides a fair and just price your property. Just fill up our request for a quotation form with all the details required and we will respond to you as soon as possible.

We value your home so you are guaranteed of a fair and competitive offer. Contact us now and let us close the deal in just 7 days.

Should You Sell Your Home Before You Buy a New One?

You want to sell your house. Everything is ready. The improvement projects are done and you just need to list your property. However, after these preparations, you just realized that you are not yet set for the future. Where will you move after? What’s waiting for you?  This made you think; would you sell your property or find a new home first?

How to Buy a House Before Selling Yours?

 John Smith, CEO at Inspired Finance Group Pty Ltd, says “When and whether to sell first then buy or vice versa is the eternal question and this can depend on whether it is a buyer’s market or a seller’s market, whether you can afford a bridging loan, or have enough equity within your properties to capitalize on interest.”

Several things must be considered in buying or selling a house in Washington DC. It is necessary to build a strategic plan and clarify your goals. And let’s hope luck will be showered onto you during the process.

Most home owners sell their home before buying a new property. But admittedly, it equally offers risks and great advantages as well. Here are 6 things you should know about selling your home.

Should You Sell Your Home Before You Buy a New One we buy houses

1. You stand as a more reliable buyer than any other because you have available funds to finance your new property. Home sellers prefer a buyer with cash on hand rather than those who depend on the chain, where you still need to sell your existing house before you buy a new one.

2.  You will avoid gazumping. You will less likely to meet possible buyers that will back off from their promise after committing on buying your property on a certain price because they learned you are engaging with a property chain.

3. You don’t rush to sell your house. You are in control of your property’s sale and not pressured by anything else. This helps you find a better property sold at a very competitive price.

Should You Sell Your Home Before You Buy a New One we buy houses

4. You are confident in buying your new house as you have money ready in the bank and you are no longer dependent on the sale of your existing property.

5. If you don’t buy and transfer to a new property as quickly as possible, you may end up renting a room or house until you finally sold your property, which can cost you a lot. You can wait until the real estate market falls, you can definitely shop for more affordable houses.

6. You may spend a lot for a house rental. House market fluctuates. It can either go up and down and you might end up being undersold so watch the market carefully to guarantee that you are selling at the right time.

Should You Sell Your Home Before You Buy a New One we buy houses

Lisa Montgomery, the former head of marketing and consumer advocacy at Resi, warns home sellers about selling their property before scouting for a new house. “One of the hurdles you have to get over when selling before you buy (and renting) means that you’re doing a double move – and also you’re getting out of the market and it can be hard to get back in. So you need to have your finger on the pulse so you don’t miss out on the same market,” explains Montgomery.

Selling your house then founding a new one may be daunting and stressful but it is much better than being undersold and gazumped.

Why not engage with a cash home buyer to sell your house fast and get a new house in a breeze? The Home Buyers can seal the sale within 7 days.

Avoid the hassle of deciding which one comes first— selling or buying your home. We don’t want you to take this risky step. Fill up our form and we will contact you now. We price every property right!

When is the Best Time to Sell Your Home?

The real estate economy is on the rise and it is tempting to sell your house. Should you take a risk?

Aside from a good market condition, taking into account your personal circumstances is important. Before you plant the “for sale signage” on your yard, assess yourself and check below criteria to know whether you are ready to pursue a sale or not.

What is the Best Time to Put House on The Market?

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Positive equity1. You have Enough Equity to Fund your Expenses

Before you finally sell your home, make sure that you’ll get an equity that can help you finance your mortgage and other personal expenses.
The equity price is computed by deducting your home loan from the total value of your property. For an instance, you house’s worth is $350,000 and the mortgage is $250,000, the remaining $100,000 is the equity.

If you have enough, it’s a good sign to sell. However, if you owed more than your properties’ worth, then don’t. Wait until the value increases or you have already settled your mortgage.

Debt Free a2. You have No Existing Bank Debt

Begin by assessing your cash flow. Can you finance three to six months of your everyday expenditure? Can you still live at ease while in the process of selling your house? If you answered yes to all these questions then you are ready to sell your old house and purchase a new property.

Settle your existing debts before you make a final decision.

Afford to buy a house3. You can Afford to Buy a New House

Do you have sufficient savings to buy a new house? If so, there’s no problem to sell. But if you only rely on the sale of your property, think twice.
Once you have listed your property, prepare for other expenses that may come your way. If you hire a real estate agent, then you are required to pay them a commission fee of 6%, which is undeniably hefty. If you want to save from this charges, this guide will help you sell without a real estate agent.

If your fund is limited and you struggle on paying your expenses, re-consider your plans. It is best to wait a moment and save before you make your house for sale.

Real estate market on the rise4. The Real Estate Market is in Demand

Observe the real estate market before you finally lists your home. Buyers usually begin scouting for new properties during sunny and milder days. Spring season has proven to be the best time to sell while winter is the worst.
If you list your home when the demand is high, the better chances of selling it fast at a competitive price.

Home improvement projects5. Your Home- improvement Projects are Done

Finish any pending improvement jobs before you put your home for sale. Repairing small projects like perking up the bathroom sink and painting the front door can make a huge difference.
You don’t need to fully renovate to please prospect home buyers as they may have a different preference from you. However, if there’s a need to do major home improvements for a more functional home; make sure to complete them as soon as possible. Read these 10 things to prepare to sell your house fast.

Buyers don’t expect a brand new house, a turnkey home is much more important.

family lifestyle6. Your House Does not Fit your Lifestyle

Is your house too small or big for you? Are you expecting relatives or additional family members to stay with you? Or, are your kids have already moved out with their own family? Do you need to up-size or downsize? Think of it.
These are common factors to consider before you sell your home. If your neighborhood and home no longer fit your lifestyle, then it’s probably the best time to sell your home.

If you are confident to sell your property and have all the resources you need to transfer to your new house, go ahead. However, if you want a quick sale and cannot afford to pay for ad-hoc expenses, The Home Buyers is your next big choice.

We can buy your home of whatever conditions and can price your house competitively. Need funds immediately? Contact us now! We can buy your home in just a week.

10 Things You Should Prepare to Sell Your House Fast

Are you ready to sell your home?

If yes, don’t immediately list your property, instead prepare and check for some minor and major repair. These touch-ups can make an approving impression from potential buyers and can close the deal as early as possible.

What Should You Do To Get Your House Ready to Sell?

Although they say that first impression doesn’t last, it still does count especially in selling your house. To make your home stand out and sell it at a fair and competitive rate, you might as well start doing below steps to prepare your house and sell it fast.

10 things to prepare to sell your home fast thehomebuyers.com1. Create an Inviting Front Door

Place your feet in the buyer’s shoes. Stand outside your house and check your front door. Is it welcoming enough to attract home buyers or even the passers-by? Don’t settle for a mediocre entrance as it appears as a reflection of your overall property. Home buyers can make first negative impressions out of it. Remember, it’s the first thing they see when they stop your home.

Paint the door, remove and repair damaged doorknobs, make the decorations simple, and clear the entrance. Doing this can make a big difference.

10 things to prepare to sell your home fast thehomebuyers.com2. Improve the Curb

Don’t just improve your door; make sure to boost the curb appeal. Mow the lawn, clean the gutters, cut the overgrown shrubs, and fix the peeling paints. If you neglect these things, for sure, a number of buyers will walk away from your property. Don’t let it happen.

Instead, clear the walkway and place potted plants to have a cheerful ambiance and unsoiled alley.

Read: 10 Budget Curb Appeal Ideas that Will Sell Your House Fast

10 things to prepare to sell your home fast thehomebuyers.com3. Clear the Clutter

You have probably accumulated clutter over the years. Make sure to get rid of it. Don’t give your buyers the option to check on these messes than on your gorgeous property.

You can donate, remove, or dispose these kinds of stuff. Find a clean and proper cupboard and closet to store these clutter. One thing that home sellers do is to sell these items on a garage sale to eliminate this unnecessary stuff.

10 things to prepare to sell your home fast thehomebuyers.com4. Clean, Clean, Clean

Before you allow visitors to come in your house, clean everything as possible. A spotless home reflects who you are and how well you manage your home. Tidy even the smallest area in the house.

Dust the fan blades and mantles. Shine the appliances. Remove cobwebs. Polish the mirrors and windows. Deodorize and clean the refrigerator. Vacuum and scrub the tiles. Give attention to these details as it can make or break the sale of your house.

10 things to prepare to sell your home fast thehomebuyers.com5. Get Rid of Unpleasant Odor

Maintain a fresh scent in your home. Never cook bacons a day before the open house as its smell lingers for a while.

Open the windows and let the air eradicate the unpleasant smell. And don’t mask the odor with air fresheners as it may cause allergies to your visitors. A freshly cut flower, a boiled cinnamon, and apples can give an enhanced aroma that your prospect buyers will love.

Read: 6 Ways Your Pet Won’t Ruin the Sale of Your Home

10 things to prepare to sell your home fast thehomebuyers.com6. Repaint the Walls

As much as you love your yellow walls, some of your buyers may not like it and can possibly turn them off. Take in mind that you should please the home buyers than yourself so re-paint it with a color that appeals to a larger audience.

White, tan, and other neutral colors with a matte finish are great choices of colors. Buyers will most likely love these hues as they can imagine what they personally want to do it the interior design.

Read: Selling Your House? Always Choose the Paint Color that Sells

10 things to prepare to sell your home fast thehomebuyers.com7. Add Simple Decorations

Keep the decorations simple. Allow them to imagine themselves in the house. Remove those artworks, paintings, and posters. Those are sore to the eyes. Simple decorations offer a fresh and cleaner ambiance for your property.

If you have personally decorated your home, might as well remove them. This way, the buyer can clearly foresee themselves if they buy your home.

10 things to prepare to sell your home fast thehomebuyers.com8. Maintain a Natural Lighting

People love natural light, and it is basically on top of the considerations of home buyers in purchasing a property. Make sure that every area in your home has maximum light exposure, making it look more inviting.

You can easily improve the light in your house by replacing the dim and old light bulbs with new and higher wattage, installing additional light fixtures in areas that are predominantly dim, repainting the dark rooms with light-reflecting paints, and pruning vines and trees that cast shadows.

10 things to prepare to sell your home fast thehomebuyers.com9. Repair Damage Facilities

Aside from clean a home, home buyers want a turnkey property. As early as day one, repair all the damage facilities in your house. Be critical and detailed in assessing which and what needs improvement or repair.

Different types of home buyer will visit and sniff over your house, focus on these dents, and take advantage by negotiating a lower buying price.

10 things to prepare to sell your home fast thehomebuyers.com10. Repurpose the Rooms

If you have a room that is seldom used, repurpose and add value to it. Home buyers will be delightful of the ideas you will offer. Pick a use to those rooms with no general function and stage them accordingly.

Selling your house is not easy. These ten things, when done perfectly, will help sell your property fast. Although it may take time and money, you will definitely get a good deal out of it.

However, if you want to sell your home the way it is, The Home Buyers can help you.

We buy any kind of house, whether old or new, turnkey or not. You don’t need to make any minor or major fixes. Just contact us and we will call you to seal the deal as soon as possible.

5 Types of Home Buyers You Will Meet in Selling your House

Selling your home without a real estate agent demands so much work. There are several assignments to accomplish including listing your home in Multiple Listing Service, preparing for an open house, and negotiating for the most competitive selling price.

Read: 6 Tips to Competitively Price Your House

During your journey, you will also meet different types of home buyers that will challenge you to come up with the best decision as to when and whom to seal the deal.

Types of Property Buyers

1. The Cash Home Buyer

Cash home buyers will visit your home, check your property, and will offer you quotations to close the deal. These guys have no worries about the finances as they have enough to buy your home in cash. They can even seal the deal on a shorter escrow period. Usually, these people can close the transaction within 7 days.

Read: 5 Advantages of Selling Your House For Cash 

Regardless of your house’s age, type of property and appearance, cash home buyers can surely buy your house fast.

2. The Skimpy Buyer

The Skimpy buyers are the opposite of the cash home buyers. This type of buyer has a little cash for down payment and usually relies on FHA loans to finance the property. FHA loan has strict requirements to qualify for a loan. And that prolongs the closing of the deal.

Read: 6 Facts About FHA Loans Every Home Buyer Should Know

Since these people depend on loans, both buyers and the sellers do more work to settle the closing cost. With this case, always ask the assistance of a lawyer or a financial consultant when dealing with a skimpy buyer.

3. The Charity

Once in your life, you will receive an offer in a form of a sweet emotional letter. And attached therein are photos of a family and children. If you got this kind of contract, you are probably dealing with The Charity type of buyer.

They might be one of the most rewarding buyers you can engage with but beware.  These guys just want to win your heart and lure you with the goal of buying your house at a lower selling price. Check the offer and if they negotiate less than your actual selling rate, they are just messing around.

These people are great to work with but focus on your priority than to please them.

4. The Window Shopper

The Window shopper wanders around the city to look for possible houses to buy someday. They swoon at open houses but deteriorate after. They are often referred to hard negotiators and usually, submit lower offers.

Read: 5 Easy Steps to Counteract Low Ball Offers

The truth is they are not really serious in buying your property. Observe this type of buyer. If you find out that they are eyeing for different properties and are not willing to seal a deal, move back and save yourself from wasting your time.

5. The Sniffer

You will also meet “The Sniffer”. These home buyers literally want to check dented areas and facilities on your house, even the slightest one. However, don’t feel intimated instead be true and honest to them. But be careful to reveal everything as they may use it to negotiate a lower selling price.

Investigate this type of buyer if they have successfully bought properties through searching their name in Google with keywords like “real estate transfers”.

You will surely meet any of these buyers along the way so prepare yourself as early as day one. Be careful in doing your transactions as they are expert in luring home sellers. Keep your priority and sell your home to the right buyer , who agrees with your selling requirements.

To avoid the hassle in selling your home, feel free to request a quotation from The Home Buyers.

We buy houses for cash and offer decent and competitive quotes. Working with us is a breeze. Request for a quotation now!