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1 in 5 mortgages are seriously underwater

How to Sell Your House with No EquityEach month, I talk with multiple home sellers that have found it difficult to sell their house in the current market.

Some areas of the country are experiencing a return to normal levels of inventory.  But in Richmond Virginia where I am based, sellers encounter some of the following situations (From the Times Dispatch, Sept 5, 20130)

  • Headline: 1 in 5 mortgages are seriously underwater (Times Dispatch, Sept 5, 2013)
  • 19 percent of residential homeowners with mortgages in the Richmond area owe 25 percent or more on their mortgages than their houses are worth.
  • 23 percent of homeowners with mortgages, are on track to resurface with enough equity to be able sell their houses in the next 15 months
  • In the Richmond area, 13 percent of all homeowners with mortgages have at least 50% equity.

Those statistics suggest that nearly 40% of Richmond area homeowners are unable to sell their house via traditional means.

As a creative real estate investor, I can help you figure out how to potentially sell your home, if you are one of those sellers who has little equity.

How you can sell your house with no equity

I might be able to place a future homeowner with slightly damaged credit into your house today who should be able to get a mortgage within 12-18 months.

You will have someone paying you a monthly lease payment so that you do not have find the money to cover your mortgage on an empty house.

You will have a future homeowner caring for your property so that you don’t have to fix the leaky toilet.

You will have all the benefits of taking your mortgage interest deductions and real estate tax deductions.

Of course, that is the perfect scenario.

The risks?

There are a few risks that you must know about in this scenario:

  • Your house may not appraise for the price you have agreed to sell at.
  • Your tenant buyer may not qualify for a mortgage in time.
  • Your tenant buyer may get a job transfer and need to move to another city.
  • You may not get your lease payment.

Those risks are real when it comes to leasing a house with the option to buy.  But it is a risk that you might get comfortable with.

How can I help?

If I can help you in this scenario, simply pick up the phone and give me a call.  I try to answer my own phone, at 804-719-1489.

I’ll tell you if I can help you or not.

The initial consultation on how to sell your house with little to no equity is free and you might learn a thing or two.

Other options for Zero Equity or Underwater Homes

If you are truly upside down in your mortgage, a short sale may be the only way to go.

Other investors may do an option for a 10 year period, but I will not.  It is not always a good solution to bank on a future escalation of market prices.  I can help you with your short sale.

Is Richmond becoming a sellers market?

From an April 13 2013 article in the Richmond Times Dispatch:

Home sales and prices rose in central Virginia and across the state in the first three months of the year, according to reports released Tuesday by the Richmond Association of Realtors and the Virginia Association of Realtors. The positive report comes at the start of the spring buying market, and the outlook for the rest of the year looks promising, with local, state and national housing markets showing evidence of a sustained recovery, according to the reports. “Without question, the housing market is improving,” said Bill White, president of Joyner Fine Properties in Richmond. “We are keeping our fingers crossed and hoping it is sustainable.”

This is good news for home sellers. The article goes on to say:

“In some areas, we have an inventory problem,” White said about the Richmond area, noting a shortage of houses on the market to meet demand. “We’re beginning to see a few multiple offers, and some houses are selling in the first couple of days on the market.” Sales in central Virginia have risen year over year for seven consecutive quarters.

If you are thinking about selling your house this spring, you might be able to get top dollar for it if you fix it up and make it shine among the competing houses for sale.

What if your house is out of date?

The other day, a house seller called me. Their kitchen is 20 years out of date. The last paint work in the house was 10 years ago. Their flooring was worn

  • Scratches in the hardwood
  • Ripped vinyl
  • Cracked tiles

Windows has broken seals, causing moisture to get in there. The outside needed landscaping to re-reveal the house to the street. If your house is ugly, you could easily spend 20 thousand making these basic repairs to bring it up to full market value. But, if you don’t want to mess with that kind of renovation work, I’ll buy your house as is for cash at a price that considers the renovations that are needed.

I’ll make you an offer

If you want to sell your house in 3o days for cash, I’ll make you an offer. Here is how:

1.  Visit this page: http://www.chrisbuyshousesva.com/get-offer-in-24-hours/

2.  Fill out the form.

3.  I’ll be in touch within 24-48 hours to discuss your house and situation.

Sell my house fast in Williamsburg VA

Sell House Fast Williamsburg

If that statement describes you, you have come to the right place.

You’ve got a house that you want to sell fast in Williamsburg VA.

Maybe you need the cash.

Maybe you need to avoid foreclosure.

Maybe it’s been a condemned.

What can you do?

You may have tried the conventional way to sell your house with an agent.  Perhaps they have failed after 90 / 120 / 180 days.

You may have an urgent cash need.

You may even have tried to call investors who buy houses for cash.  But they haven’t returned a phone call.

Why spend hours making phone calls that they don’t return, or talk with an intake operator who will say “I’ll pass this along” and you never hear back from them?

When you call us, you’ll likely get me on the phone.  No intermediaries.

You talk direct with the owner about selling your house fast in Williamsburg.

If we don’t buy your house, we have other people who will

Likewise, we’ve got a network of thousands of investors that can help you if we don’t personally buy your house in Williamsburg.

We have the expertise to help you move your house  to our network.

We have been buying homes in the central Virginia area since 2002, helping people unload their houses to help them out of messy situations:

  • Divorce,
  • Foreclosure that is coming
  • emergency relocation,
  • Way too many repairs.
  • Inherited house

Maybe it is an estate case and the relatives are clamoring for proceeds from  the sale of the house.

How to sell my house fast in Williamsburg Va.

Pick up the phone and call me at 804-719-1489

Let us talk on the phone for an initial consultation to discuss how you can sell your house fast in Williamsburg to a professional home buyer like me.

After we talk and dicuss options to sell your house fast, we’ll setup a time to visit the property or to have the property photographed by my photographer.

Then we work to sell your house fast and unload it for you.

Next steps to sell my house fast in Williamsburg

During business hours, pick up the phone and call us at 804/719-1489

If you are looking at this at night, feel free to use this form to contact us about your situation and we’ll have a confidential discussion on the telephone.

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Sell my house AS IS in Richmond VA

Sell my house AS ISThe other day, a house seller called me, wanting to “sell their house as is.”

They don’t want to

  • fix the floors
  • paint the walls
  • update the electrical system
  • replace the furnace
They had inherited the house and simply wanted to sell house as is, with all it’s ugliness and outdated looks.

You may want to sell your house “as is” because there is no time for clean up, high end repairs, or not enough money in your hand to make the repairs.

Maybe you just want to get rid your house for fast cash and sell your house as is.

missingwall

Sell your house for cash as is

“As is” is just that.

We have bought these types of homes since we have been in business.  Here are some examples:

  • Rotten floor joists from bathroom toilet leak.
  • Trees growing through the living room floor.
  • Second stories that have collapsed into the first floor.
  • One house missing an exterior wall

Now these are extreme rehab examples.

sellhouse as is

However, we have bought houses as is that are ok, just out of date.

  • Outdated but functional kitchen.
  • Homeowners association complaints about siding and exterior repairs.
  • Former Tenants who destroyed the home.
  • Estate clutter.

If we talk about the fast sale of your home, we’d take it as is.

No need to make repairs, no need to fix things up.  No need to clean out the junk.

You simply sell your house as is to us and we buy it as is.

That is what we do.  We clean it out.  We make the repairs.  You simply get rid of your headache of your as-is house.

What now?

Read our 5 Easy Steps to Sell Your House for Cash or simply get our Cash Offer for Your AS IS House in 24 Hours.

Or Call us directly at 804-719-1489 and ask for Chris.

Please use normal business hours, Eastern Time US.

We by as-is houses nationwide in the US.

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I want to sell my home to investors in Richmond VA

The number one question home sellers ask (based on my unscientfiic observation) about how to sell a home to an investor in Richmond Virginia is

How does this work?

Hoes does it work to sell my home to investors?

So let me tell you.

Sell_My_House_Fast_to_Investor_Richmond_45

Start with a Free Phone Consultation

Most home sellers will start with a free phone consultation with a professional home buyer like myself.

We listen to the details of your situation and why you need to sell your house to a professional home buyer.

Maybe your home is

  • outdated
  • ugly house
  • stinky house
  • inherited house
  • one with too many repairs to make
  • falling behind on payments

There could be a variety of reasons.

We find a solution to selling your house to an investor

When we walk on the phone and learn about the details of your house and your situation, we custom design a solution.

That solution might be

  • All cash offer for your house with a speedy closing.
  • Help you arrange to sell it with owner financing and start collecting payments.
  • Take over your existing house payments or mortgage payments.
  • Refer you to our short sale specialist.

I’m happy to discuss your situation and pricing need to help you sell your home to investors in Richmond Virginia, or any of the surrounding areas.

Your next step

Pick up the phone and give me a call at 804-804/719-1489 during normal business hours, Eastern Time US.

I’ll either answer the phone myself or get back to you within 24 hours.

Or fill out this form, and I’ll call you when I’m in the office.  Please make sure your phone number is correct:

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