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When a Real Estate Agent May Not Be The Best OptionChris Cates Historically, when homeowners wanted to sell their home, the first call made would be to a Realtor. Since the early 1900’s, Realtors have represented homeowners during the process of selling their home, which is usually to another homeowner. Real estate brokers hold state regulated licenses that allow them to market real estate on behalf of the owner. The national average for broker commissions is approximately five percent. In many cases, another broker will bring the buyer and receive typically fifty percent of the commission. When the majority of homeowners sell their home, they believe a real estate agent gives them the best chance to maximize the amount they receive and the agent commission will come out of their proceeds at closing. This is a process that takes place everyday throughout America. Unfortunately, life does not always follow a predictable format that allows for the sale of a home with a Realtor. More and more, Americans are facing circumstances that demand unique solutions. Foreclosures, job transfers, over-leveraged financing, and problem properties are just a few of the situations that require alternatives to using a Realtor. When a homeowner is facing a job transfer or foreclosure, a quick sale is essential to avoid losing the home or facing the prospect of paying two mortgage payments. Utilizing a Realtor can take weeks or months to find the buyer, and then there are no guarantees that the buyer will qualify or go through with the purchase. Many homeowners cannot afford to take that chance. Often times, when a house is in poor condition or needs major updating, traditional homebuyers are not as likely to make an offer since it is not up to market standards or may not qualify for financing. The majority of homeowners do not have the time, desire, or money required to make the necessary updates or repairs. A problem facing many Americans in recent years is that even when the home is in great condition, there may be little or no equity. This problem will become even more of an issue in coming months as many homeowners over the past several years have leveraged the financing on their home up to as much as one hundred percent. When there is no money to pay a five or six percent commission, then an agent is not a viable solution. Fortunately, today homeowners have options other than calling a Realtor. There are many private companies that specialize in buying homes in situations that are not the norm. The majority of these companies focus on homes that are in poor condition. Utilizing private funds, the company will purchase the property, make the necessary repairs or updates, and then look to sell the house at or above market value. Since the company utilizes private funds, the property does not have to qualify for financing, which allows for a great deal of flexibility when evaluating a house for purchase. Although there are far fewer that are interested in homes that have little or no equity, the companies that do focus on these types of properties provide a valuable service to homeowners that have no other options. In a foreclosure situation, the company will many times agree to bring the mortgage current and assume making payments going forward. This solution not only saves the homeowner’s credit from an immediate foreclosure, but also provides debt relief so that the homeowner can move forward with their life. In summary, if the situation demands it, homeowners now have options when selling their home besides using a Realtor. If a homeowner needs to sell fast, has little or no equity, or owns a property that is in need of major repairs or updating, then there are private companies that specialize in addressing these situations. There are very few problems that cannot be solved by one of a variety of flexible solutions that one of these private companies can provide. For more information or to find a company that handles these situations in your area, please visit www.webuytheusa.com.
| ![]() | ![]() | ![]() | RELATED ARTICLES What is Bridging Finance Once you understand what the term, “Bridging Finance” means, it’s easy to understand how it got its name.The purpose of a bridging or bridge loan is to provide short term cash for a real estate transaction until permanent financing is secured.Bridge loans are commonly used to “bridge the cash gap” when completing commercial real estate transactions. Anchors Away! If we want to fill our heads with the doom and gloom society seems to thrive on, all we need to do is turn on the local news at night. To make that quantum leap toward personal happiness and success in life, sometimes we just need to do what so many people seem to be talking about lately: “clean house” and take personal inventory of the people we associate with most. The Metaphors of the Net I. The Genetic Blueprint An Easy way to Deal with Email Viruses and Worms If you feel intimidated when someone tries to teach you something new on the computer, this article is for you! 5 Simple Steps:Earn an EASY ROTH-IRA Million!!! So, you wanna earn a million dollars, super-duper easy How would you like the federal government to give you a big, huge tax break Wouldn’t it feel deliciously good to earn a Million Dollars of income, completely tax free How would you like to earn a million dollars of income passively, quietly, without lifting a finger Well, put your seatbelts on, folks, because in a brief nutshell, I’m going to introduce you to the financial vehicle that you’ve been looking for! Welcome to the wonderful world of investing through a ROTH IRA in 5 simple steps: Naples and Southwest Florida Real Estate Is Hot! There has never been a better time to Invest in Naples and Southwest Florida Real Estate! Your Yearly Living Trust Review Some time ago, Congress made certain changes to the estate taxes.As a result of the changes, effective January, 2004, the tax free amount increased to $1,500,000. Back in 1997 it was $600,000. This allows a married couple to leave a minimum of $3,000,000 tax free. How To Get Sellers To Call And Beg You To Take Their Property! Im going to give you the *basic* steps in my $0 Down Real Estate Investing Program. I outline the program in *detail* in my 324 page e-book. For details about the book. http://www.realrealestateexperts.com and much, much more! No More Estate Agent Fees Follow a few simple guidelines, and marketing your own home can be easy. And it will save you thousands. What is Vastu Shastra Vastu is the oldest and most complete system of architecture in the world. The reason for its recent interest in the U.S. is that Americans are demanding a better quality of life. There’s a greater awareness now that our physical environment does affect the quality of our life. The effect of our environment can make us feel peaceful or stressful. There is a great deal of stress and pressure on people these days. The pace of life is so fast. Modern architecture only addresses function, comfort and aesthetics. The aim of Vastu is to create a peaceful, healing environment that supports growth and protects from non-life supporting influences, pollution and geopathic stress. How Do I Define My Market Your market is who you want to reach. Your customer. Who is your average customer What is your estimate of total market size What territory do you intend to serve Will you offer a variety of products or services Building Your Online Portfolio So you want to start earning online and have invested some of your hard earned cash in a couple of online programs but have you really thought about what you are investing in. Refinancing your home - How and why Chances are you may need a little extra money to get some work done around the home or perhaps your current interest rate is 7.5% and the prime interest rate is 6.0% there is a benefit to restart the clock on an existing mortgage and save thousands of dollars over the life of the loan. The first thing you must realize is that refinancing your home can also be tax deductible, meaning that you will receive an extra tax advantage for the closing costs associated with a refinancing no matter what the condition, even in bankruptcy! 1,001 Deals and Steals: A Guide To Online Classifieds Some naysayers way back in the 1990s predicted that online shopping wouldn’t last. Sure, and they said television was a passing fad, too! As we all know, just the opposite has occurred. There’s a television in every household, and more than likely, the homeowner bought their television online—along with his books, music CDs, clothes, and maybe even his home. How To Jump Start ANY Business Typically it is said that when you open up a new venture, it takes fro 2 to 5 years of steady growth before you can call it a success.All things considered, this is true and because it is true, it is all the more important to do everything correctly, right from the start!So here are 7 guidelines on engagement for every business entrepreneur. Personal Branding Techniques for Real Estate Agents and Brokers A key principle of marketing is to find something unique about what you offer as the basis of your sales message. Even if what you offer is a commodity, there is always one thing unique in your business -- you. A big error made by many Real Estate Agents and Brokers is to try to develop an institutional image like most big companies. People do not like to do business with institutions; they like to do business with people. In advertising terms, branding is the "image" created in the minds of people when they see or hear a name, product or logo. Companies invest a lot of money in creating and maintaining their brand, but the Internet has sparked a new trend called "Personal Branding". Personal branding isnt only important for promoting a product, business or political cause, but also for promoting yourself for advancement within your own organization. It involves developing your personal reputation. Branding can be done to any product, or any person. Before undertaking an exercise in personal branding, however, consider your distinctive strengths and abilities and what they offer the market place. Traditionally personal branding was for sporting celebrities who gained enormous coverage and following through their sporting prowess. Movie stars have also had celebrity status and association since movies began. Sub Domains - An Inexpensive Solution to Grow Traffic Read this brief article that reflects what we learned about subdomains and their important role in effective internet marketing. How to Become a Successful Entrepreneur on the Web Becoming a successful entrepreneur in the online world is no different than becoming a successful entrepreneur in the brick-and-mortar world. Both tasks require vision, determination, and hard work. Image is Key to Your Marketing Success In virtually any business first impressions are lasting impressions. Most people have heard this statement for years, and yet some people completely ignore the first impression they are conveying to potential customers or clients. Determinants Of Success- Revisited, Again. If you have been a long time subscriber to this newsletter you have read about the determinates of success before. If you are new, hold on to your hat because this is some powerful stuff. ![]() |
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