Cash Home Buyers

When a signed lease is in place, the tenant has legal rights to reside in the unit. That said, owners do not have the right to drop in or show the unit whenever they want without proper notice. While most jurisdictions recognize 24 hours as enough, be sure to check your lease and local jurisdiction to ensure you comply. Especially in times of an ongoing health crisis, everyone’s safety must be at the forefront.   Tips for Safely Selling a Rental Property During COVID Check out these few tips below that can make marketing a home with tenants in place a smoother process – Utilize Technology – Many realtors embrace virtual tours to reach more browsing clients. Selling a rental property during COVID-19 means, this convenient technology can allow buyers to view the home without disturbing existing tenants. That way, only serious prospects schedule an in-person tour.   Limit Contact – Even before COVID, tenants would not have wanted endless buyers traipsing through their homes. Now more than ever, selling a rental property during COVID requires planning and coordination with your tenants. Ideally, set up a schedule of available times to show the property that both you and the tenant agree to. Furthermore, limiting buyer and tenant contact is best for a few reasons. If possible, schedule times where the tenants can temporarily leave the premises. Not only does this help eliminate person-to-person contact, but it also allows buyers to explore the space freely.   Cleanliness is Key – The idea of cleanliness addresses two major points. One is the state of the home and the tenant’s personal belongings. Request that the tenant cleans up if necessary and offer a professional cleaning service when the home is particularly messy. After all, no buyer wants to walk into a cluttered or dirty home. The other issue is cleanliness and safety during the pandemic. So, when selling a rental property during COVID, reassure your tenant of the safety precautions you or your realtor have in place, such as – required masks, use of hand sanitizer, and wiping down touched surfaces, or minimal contact with doorknobs and light switches.   The Best Alternative to Selling When Landlords Have Had Enough Most anyone would agree this has not been an easy year for rental property owners. As large corporations battle it out in court looking for eviction loopholes, private landlords are left sifting through the rapidly evolving eviction ban and regulations. If selling a rental property during COVID is not the right fit for you, having qualified professionals on your side is the next best thing.

Can a Landlord Sell a Rental During COVID? The short answer is yes; a landlord can choose to sell the home at any time and for various reasons. If the property is vacant or the tenant has given notice and intends to vacate soon, selling is a straightforward process. That said, if the property is occupied, selling does not dissolve the existing lease agreement. The terms of the initial agreement bind the landlord and anyone who buys the rental property.   Is Now the Time to Sell? Choosing to sell an investment property, especially as the pandemic still affects many areas, is a big decision. Whether you have grown tired of the stress of being a landlord or your property is not producing the income you need, selling may be a good option.   Currently, much of the nation is experiencing a seller’s market. This means demand is high thanks to buyers taking advantage of record-low rates, and the supply of homes is too low to meet the demand. For sellers, this is good news because a great property could sell fast and for more than it otherwise would. So, is now the time to sell? Let’s review some of the common reasons owners may consider getting out while they can below – The Property has Increased in Value Local Demand is High Positive Cash Flow is Declining   The Property has Increased in Value Ideally, a rental property will appreciate over time. For example, many investors choose to purchase in up-and-coming neighborhoods to get the best deal initially. So, depending on how long you have had the property and how the neighborhood has improved, selling may be more profitable than continuing to rent. Therefore, research the local market and see what similar units are on the market and what has recently sold. If you stand to make a significant profit, it might be time to sell!   Local Demand is High It goes without saying that the real estate market depends on strong buyer demand. That said, some areas draw more potential buyers than others. Often, these same areas are popular with renters due to work opportunities, amenities, or quality of life. Especially when selling a rental property during COVID, owners must gauge the health of the area around them to determine if it can draw top dollar.   Positive Cash Flow is Declining One of the best reasons for considering selling a rental property during COVID is a lack of rental cash flow. Keep in mind; this dwindling profit margin could result from several factors that do not include monthly rent collection. Unexpected maintenance costs, rising taxes, or added competition in the rental market all affect an owner’s bottom line. After all, rental properties are a numbers game, and if more is going out than coming in, it may be time to sell. One of the biggest mistake’s investors make is hanging onto a failing investment too long.   Before making any final decisions, investment properties always come down to the numbers. Ask yourself, what will be the best decision in the long run? While owning rental property could generate a source of passive income, many owners have been hit with costs and lost rents over the pandemic that outweigh the benefit of holding on. In that case, a sellers’ market is welcome news.   Selling a Rental During COVID With Tenants in Place Selling your rental with a tenant in place can become complicated. Therefore, it is essential to understand the rights of both parties and any applicable laws. Let’s review some of these considerations below –   Vacant or Occupied? – Review the Rental Agreement The rental agreement offers the first indication of the next steps for selling your rental property. Some leases stipulate the tenant gets the first right of refusal. Thus, meaning they can have the first chance to purchase the property if they wish. Additionally, every lease should contain an early termination clause. This is the best-case scenario if selling a rental property and is your most profitable option. Therefore, owners can terminate the lease under certain conditions, one of which is to sell. Beyond that, the type of lease affects the landlord’s ability to give notice if they intend to sell a property vacant. Let’s review a few scenarios below –   Month-to-Month Leases – On a month-to-month lease, the landlord can give notice to the tenant of their intent to non-renew the lease so they may sell the property. That said, check the terms of the lease and local laws to ensure you adhere to notice requirements. Typically, the landlord must provide 30 to 60 days’ written notice.   Long-term Leases Ending Soon – Generally, a rental lease will be between 12 and 18 months. So, if the lease is ending soon, owners have the option to non-renew the tenant and sell the home. That said, the owner must provide adequate written notice per the lease and any applicable local laws.   Long-term Leases Not Ending Soon – When you want to sell, but the tenant is in the middle or beginning of a lease, it is important to remember that the lease terms must be upheld. Therefore, a landlord cannot force a tenant to vacate even if they intend to sell. This means you can offer to let the tenant out of their lease or sell the property with the tenant in place.   Other Options to Remove a Tenant and Sell Cash for Keys Incentive – The idea of incentivizing a tenant to leave may not sit well with every landlord. Especially since the pandemic has left many landlords holding the bag for unpaid rent and fees. However, evaluate the pros and cons of your situation – would paying out now help avoid a costly eviction process later? If so, it is worth at least considering. Essentially, cash for keys is an owner-provided incentive or offer of payment to vacate. The benefit is that the offer may encourage

The real estate market is experiencing low mortgage interest rates right now which has triggered real estate buyers to jump on new opportunities! If you are ready to sell your house, do not let the virus stop you!   If you want to sell your home these are the 10 steps to a safe home showing should be follow: Confirm that neither the seller or the buyer has any symptoms of illness or COVID-19. Showing blocks should be offered in showing instructions. All parties should wear a cloth face covering or mask and wash hands to follow the CDC recommendations. Ask the Seller to open all doors and cabinets in spaces that should be seen by Buyers. Post signage on door: 1. Wait to enter until invited. 2. Do not touch surfaces or use bathrooms. Kindly announce required safety precautions everyone must observe during the showing block. Remind people to wait outside and remain at least 6 feet apart. Give each group a brief tour and remind everyone to stay 6 feet apart. Repeat this process with each group for the entire block of showings. After last group leaves, home seller must disinfect all doorknobs, surfaces, and railing.   You’ll need to take extra precautions during buyer visits or open houses. You’ll need to price your home just right — and accept that you may not get top dollar for it.   For sellers who still have a pool of potential buyers, most, if not all, will be viewing your home virtually. Because of this, technology troubles or any lack of preparation can also hinder your sale. Chances are sellers could be responsible for taking photos and virtual tours of their homes during social distancing. This could pose a problem for those who lack professional equipment or basic photography skills, including knowledge of lighting techniques and proper angles. All of this can have a negative impact on how house hunters view your home – and the virtual view is all some sellers will have to be able to provide. The fastest way to sell your house during the pandemic is directly sell your house to the Cash Buyers NY and do not worry about the open house because its too risky to have strangers from different household, different cities coming into your home wandering about. You do not need to do an open house anymore. We will take care of everything you don’t need to worry about those things. We will make sure that we provide you best service.

Selling a house is stressful enough! Finding some way to make the process a little bit more enjoyable – or at least a little less stressful – is the key to getting through it all.   If you accept an all-cash offer on your home, you’re making the conscious decision to make the process of selling your home a lot easier on yourself. Honestly, this even makes it easier for the person buying your home. There are fewer people to interact with, fewer documents to sign, fewer fees to handle, and less work overall to deal with. It’s a winning situation for everyone.   Plus, you can use all this extra time to find the next home you’re going to buy. Competitive cash offer in 24 hours No listing, prep work or showings Skip the repair work Choose any close date from 10-60 days Risk of buyer financing fall-through Hours of prep work and home showings Manage repairs yourself. Uncertain closing timeline.   Why Selling to Stress Free House Buyers is Better Selling to Stress Free House Buyers vs Traditional Home Sale Competitive cash offer in 24 hours x Risk of buyer financing fall-through No listing, prep work or showings x Hours of prep work and home showings Skip the repair work x Manage repairs yourself. Choose any close date from 10-60 days x Uncertain closing timeline. Why us: we are real estate professional investors and have completed tremendous amounts of real estate transactions during the years, we have the knowledge and experience to simplify the most complicated real estate transactions within the minimum time needed and specialize in purchasing residential, commercial and land as well as inherited and gifted properties. Best thing is that you do not need to clean up and repair the property.

The beauty of a cash buyer is that you don’t have to hand over a large portion of the sale price to your real estate agent. With commission fees for realtors averaging around six percent, you could be saving yourself thousands of dollars. Even if your house sells for less than it might have to another buyer, you could still end up better off when you factor in the commission fees you save on. Homeowners who are facing foreclosure find themselves between a rock and a hard place. Their financial circumstances mean they can’t make payments on their home and their options feel limited. They’re also facing tough decisions — short sales, bankruptcy, — that can potentially ruin their credit and make life harder for years to come. A cash sale offers a way out. Accepting a cash offer means saving your credit score and moving quickly on to the next phase in life. Overall, all-cash offers are less work than traditional offers involving lenders and mortgages. It’s easy to see how a process that takes less than half of the traditional processing time would be easier. All-cash offers take less work overall because there are fewer people to interact with, less paperwork to fill out, and fewer things to take into consideration. One of the biggest money and time savers is the fact that most buyers don’t expect the present owner to do a lot of improvements to the home. In fact, some of the buyers do the fixing up themselves. Many sellers who are looking for all-cash buyers don’t bother with marketing their home at all. In fact, there are many places that will help you sell your home. From resourceful real estate companies to savvy real estate individuals, there are plenty of options for you regarding buyers for your home. Marketing is not required for this process because the sellers find the buyers in this kind of market rather than the other way around. While working with buyers who are using mortgages, you may run into financial barriers. Unfortunately, the individual or organization that is lending the money to the buyer can pull out of the deal at most points in the deal. Without financial assistance, most families cannot afford to buy a house. Therefore, the buyer is highly likely to drop out of the deal if the lender drops the deal on their end. Basically, if the lender drops out, you are right back where you started. Buyers who only use cash are less likely to drop out of the deal because they already have the money, they need to buy the property. It is just about figuring out if yours is the property they want to spend that money on. Of course, the buyers do some finding and sleuthing of their own, but it’s usually the seller that finds the buyer in an all-cash deal. This is especially good news for individuals who aren’t skilled in technology, as real estate listings, advertisements, and other correspondence is done through real estate sites now. Say goodbye to haggling with these systems. Don’t think that this puts you at a disadvantage, though. Even without marketing, it’s possible to maximize your cash offer. Don’t settle for a price that isn’t fair for your home. Many all-cash buyers are real estate investors who are seeking to flip houses and/or rent them out for profit. This isn’t always the case, but it is a common situation that could benefit you in the end. If you do find that your buyer prefers that you fix a few things up, you can “shave off the top,” as some sellers say. This phrase means that they lower their asking price to make up for the investment that the buyer is going to make in fixing whatever problem(s) they have identified. All of these life changes may lead to the need to sell quickly and without stress. A cash sale offers a solution.