Chris Buys Houses Fast in VA

And everywhere nationwide, buying Houses Fast anywhere in Virginia and the US

I Want to Sell My Handyman Special in Richmond

If you’ve got a handyman special that you want to sell, I’d be interested in buying it.

In this video, you’ll see some of the handyman specials I’ve been involved in:

The three sided house is my favorite photo of a handyman special.

I almost bought it, but a snag in the title work kept the seller from selling their ugly fixer upper to me.

The amount of repairs needed will be calculated in my offer to you to buy your house.  But the amount of repairs doesn’t bother me.

I’ve had to jack up houses, replace joists, straighten out sinking houses, and even had all the wiring and plumbing replaced.

If you want to sell your handyman special, I’d be happy to make you an offer.

You can turn your house into cash in just a few days.

Get an offer

Evaluate Your Own Rehab Budget

If your house needs a lot of repairs, you may be horrifically surprised at the cost of those repairs.  Most sellers I speak to have no idea how to estimate repairs or form a realistic rehab budget.

Not too long ago, I visited the house of  seller whose house had not been updated since the early 1940s.

When we visited the house, our renovation estimate to bring the house to the current FHA standards was nearly $80,000.  The seller’s best guess was $15,000.

Clearly, we didn’t see the same amount of repairs.

How not to be deceived on the rehab budget.

You might feel that the real estate investor is blowing smoke when it comes to a rehab budget.

Here is how not to be deceived.

Get your own contractor estimates.

I have often told homeowners that to understand the nature of the repairs needed to their handyman house, they will need to get their own estimates of repairs.

If you want to know for sure that the real estate investor is giving you a realistic rehab number that they are calcuating, then go and get your own price for rehabbing your house.

I found this little video that shows how you could potentially talk with a contractor to help you get that rehab budget.

Make sure a real estate investor’s estimate of rehab is in line with contractor estimates.

That will give you the confidence to know that you will be treated fairly by the investor who is offering to buy your house.

To help yourself understand the rehab budget, get your own contractor estimates.

An experienced investor will know a rehab budget

If you wish to sell your handyman special to an investor, they will calculate a rehab budget into their offer price.

An experienced investor will know a good rehab budget, whereas an inexperienced investor will likely make a guess and guess wrong.

If your rehab budget is beyond your ability

Sell_My_Handyman_Special_01

If you find that your rehab budget to fix your handyman special is way too far out of reach for you, we’d be interested in buying it.

We promise that we will give you a fair price for your handyman special as is.

Our team has been buying handyman specials since 2004 and we have a pretty good knack for determining a realistic rehab budget that will influence our offer price to you.

Call me during normal business hours or fill out the form here and I will give you a call

Get an offer

I want to sell my house to Avoid Foreclosure in Virginia

If you want to sell your house to avoid foreclosure in Virginia, I want to give you some options.

Avoid Foreclosure in Virginia

I have talked with several individuals like you who have found themselves too far behind on their house payments to catch up.

I have also talked with people who are just beginning to fall behind in their mortgage payments because of a job loss, a medical bill, or some other life transition that has caused a financial crisis in their life.

No matter what the reason is for falling behind on your house payment, the next step is for you do something today.

Sell your house to us

We have been buying homes out of foreclosure since 2005.

We are professional homebuyers who can treat you with dignity and respect in a situation where you may not feel like you have gotten enough.

We have the attorneys who will handle the details of the transaction so that selling your house is as easy as possible.

We handle all the paperwork.

You simply need to move and be out of your house by the time you close when sell your house to us.

We desire to make this transaction as smooth as possible so it is one less headache for you to deal with.

Here are some of the options to sell your home to us:

1.  We restore your back payments and your credit with that lender as we cure the default and keep the payments current.

2.  We could help you with a short sale of your house, where the bank will accept a balance less than what is owned.

3.  We simply purchase the house for cash for the balance owed if it makes business sense for us to do so.

Those are the three ways to sell your house to avoid foreclosure in the state of Virginia.  You may have other options, but if you have already decided to sell, those are your options when working with us.

Pick Your Next Step to Sell your house to avoid foreclosure

1.  If you want to read a little further on avoiding foreclosure through selling your house, go here.

2.  Call me at 804/719-1489 during normal business hours on the East Coast.  I try to answer my own phone.

3.  Fill out this form, and I’ll call you shortly:

Get an offer

Lending Changes for Future Homeowners in Richmond VA

New Loan Terms from FHA and Fannie MaeOver the past week, there have been some important lending announcements from Fannie Mae and the FHA.

They concerning anyone who lost their home in a short sale or foreclosure in the last few years, whether you live in the Richmond area or anywhere else in the country.

If you want to buy a house in the Richmond Virginia area, these new rules will have an impact on your ability get a loan on your house.

If you are trying to sell your house in Central Virginia, these rules will affect your potential buyers.

On the one hand, these changes will make it easier for millions of people in this position to purchase another home in central Virginia.

But, on the other hand, you may have to jump through a few hoops to prove that you  qualify for the new standards.

New Lending Rules

Here is the new exception from the FHA: Potential homebuyers whose income unexpectedly dropped by at least 20% or who lost their jobs.  The new exception does not cover the potential borrower who voluntarily resigned from their positions or who were fired “for cause.”

New exception from Fannie Mae:  Credit reports do not distinguish between a foreclosure and short sale.  You can now demonstrate the short sale with your loan officer.  You’ll need a 20% downpayment.

This information is freely sourced from various articles this week.  As always, talk with a mortgage broker.  I simply help people sell their house fast to an investor.

But sometimes, when I rehab a property, I need to sell to a retail buyer who looks for their first home.  I need to be aware of lending rule changes.

Sell your house fast without a buyer needing a loan

If you are trying to sell your house in Central Virginia, these rules will affect your potential buyers.

They may not qualify to purchase your house.

You can sell your house fast to a cash buyer who doesn’t need bank rules.  That might be me, or one of the many investors in my network.

If you can wait 12-18 months, you could also sell your house via a rent to own option which allows your future buyer a little more time to qualify for a bank loan.  I can show you how.

Contact me at 804-719-1489, during normal business hours on the east coast.

I answer my own phone.