Posts Tagged ‘Home Buyers’

If You Have a House You Really Need to Sell Fast in Hattiesburg, Mississippi, You’ve come to the Right Place!

You’re probably asking, “How can I sell my house in 7 days? That would be a miracle!”
You can sell your house fast in Hattiesburg Mississippi by selling your house to us! You see, we’re not Realtors® who simply want to list your house for a commission and hope it sells one day. Instead, we’re a group of Professional Home Buyers who buy and sell houses in any condition or price range all over the Hattiesburg Mississippi area, including Petal, Oak Grove, Purvis, Sumrall and throughout Forrest and Lamar Counties. If you’d like to sell us your house faster than you ever thought possible, please take a moment to complete our Seller Questionnaire.

“What kind of houses do you buy?”
We buy houses every day from homeowners just like you in Hattiesburg Mississippi just like yours and buy them as-is. We buy pretty houses needing few repairs and ugly houses in need of major repairs. We buy all sorts of houses including single family homes, multi-family homes, condominiums, town homes and even mobile homes. We buy homes in Hattiesburg, Purvis, Petal, Oak Grove, Sumrall, and all over Forrest and Lamar Counties and throughout Mississippi.

“How can you buy my house so quickly?”
If your house meets our purchase criteria, we can pay all cash, take over your mortgage payments or lease-purchase your house immediately! As Professional Investors we specialize in finding creative solutions that meet your immediate needs. And, unlike traditional home buyers who must qualify for a bank loan to buy your house, we use private funds and/or owner financing to close on your house fast. We’ll handle all of the paperwork, make all the arrangements and close within a few days if necessary. You’ll get a quick sale with no hassles, so you can put your home selling worries behind you once and for all. Tell us about your house for sale today!

“How do I know if my house meets your purchase criteria?”
To see if your house meets our purchase criteria, please take a moment to complete our Seller Questionnaire . Tell us all about the house you are selling and one of our Professional Homebuyers will get back to you ASAP about buying your house fast!

“Can you buy my house if it’s in foreclosure?”
Absolutely! If you’re behind on payments or facing foreclosure and can’t afford to get caught up, and you need to sell your house and sell it fast, we can help! If you complete our Seller Questionnaire before it’s too late, we may be able to buy your house by negotiating a reasonable payoff with your lender(s) or catching up your back payments. Take action now! There are more options available than you may realize. We also work with homeowners who want to save their home.

“What does this cost me? This sounds too good to be true.”
Unlike a Realtor who charges huge commissions to sell your house, we don’t charge any fees for our services. As Professional Home Buyers we don’t make any money until after we purchase your home.

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Hale Walker, Senior Vice President of First Preferred Mortgage Company, appeared on WJBK FOX 2 News Detroit on Saturday, June 12, 2010. He discussed helpful tips potential home buyers and sellers should know as the summer months approach.

One question many home sellers ask themselves is why is my home still on the market and getting only a few showings while just down the street the neighbors home sold fast? This is a situation that occurs on a daily basis and it really comes down to a few simple home selling tips that increase your odds your home selling as opposed to gathering dust on the open market. Here a 5 simple but powerful tips that you must consider before placing your property on the market if you want your home to sell fast and for the most money.

Look at your home like a buyer, not a seller. You have to make this home appeal to the likes of the buying public and look through their eyes, not yours.

Sweat the small stuff! Have the little items fixed up ahead of time and do not wait to let your home buyer find it. A little item to you could be a deal killer to your next potential purchaser.

Do NOT cook fish! Well, just remember that our sense of smell is our strongest sense. Many home buyers can be turned off by smells that they think are strange that we have become desensitized to over time.

Make your home look inviting before you even get in the door. The exterior must look good including the lawn, shrubs and driveway. Make sure that you door looks clean and new since the buyers may be standing there for an extending period of time waiting for it to be unlocked. Murphy’s oil anyone?

Price it right. All of the above will have no effect if you price your home above the market value. Many think that the right thing to do is to price high and get negotiated down but reality is that homes priced close to market value sell quicker and for more money.

Many home sellers are excited about selling their home and the prospect of moving to a new place. Shortly the stresses of selling a home become daunting and the experience begins to wear on them. Selling a home is a process just like any other business and can be a good experience if done correctly. It is much better to do the process right from the beginning than to try to correct it after it has started.

Homes sell everyday and they sell for what the market will bear. Saying that, research your market and know the current state of what homes are selling for where you live. Use recent information and make sure the comparables you use are similar to your home. By following the above tips you can make your home selling process one to remember for the right reasons.

The Single Largest Financial Obligation

Your mortgage is probably the single largest financial obligation that you will have in your life. The investment that you have in your home can have great long term value, but on a month by month basis it represents a significant expense. The math for most people is simple, the more you pay on your mortgage, the less you have to spend on other things.

To underline this point it might be of interest to note that in 1980 the average person spent 25% of their gross monthly income on housing expenses. By 2005 that percentage had risen to over 43%. This is not really a surprise. We are all aware that home prices have risen significantly during this period of time. Income levels have not kept up with home prices and as a result home buyers are finding more of their paycheck going towards their mortgage payment.

Florida mortgage holders have acutely felt the impact as home prices in recent years have rivaled those of California. Your mortgage may consume more or less than the average 43% of your gross monthly income, but it is probably safe to say that it deserves to be intelligently managed.

Mortgage Management

I’ve been a licensed Florida mortgage broker since 1989. My company Power Mortgage Corp. a Florida Mortgage Company is also licensed in Georgia, Massachusetts, and Virginia. Over the years I have originated, refinanced, and analyzed countless mortgages. I’m always happy when we can help a customer make an intelligent decision about their mortgage. Active, regular mortgage management can make a big difference in your life. The right choices will save you money. Sometimes lots of money.

To Refinance or Not to Refinance

Active mortgage management does not always mean taking action. Active mortgage management means an intelligent periodic review of available options. Call your friendly mortgage broker from time to time! We like to hear from you. We will always take the time to help you understand your options. And always make sure that you know all of the costs involved.

Request a Good Faith Estimate. Make sure that your mortgage broker includes all third party charges and statutory costs along with the lender fees. It is equally important to consider your personal goals; how long will be in the home? Do you plan to retire soon? What type of personal saving plans do you have? What is your aversion to risk? Is an adjustable rate mortgage suitable?

Fixed or Adjustable

Fixed rate mortgages are pretty easy to understand. Adjustable rate mortgages on the other hand can be surprisingly complex. And there are literally thousands of variations of adjustable rate mortgages. Over the last five years negative amortization adjustable rate mortgages have become popular. Florida mortgage borrowers have embraced these programs for the advertised low payment rates. But these loans are complex; I believe that very few people that get this type of mortgage understand them. I also believe that there are mortgage brokers actively selling these programs that do not understand them.

Please take your time. Ask lots of questions. Take notes. Ask more questions. Make sure you understand the index, the margin, the adjustment period for both the note and the payment. It wouldn’t hurt to look at the worst case scenario. Can you live with it? If your mortgage broker can’t answer your questions find a new mortgage broker. Your financial life may depend on it.

How About a 15 Year Fixed?

There was a time when the interest rate on a 15 year fixed rate mortgage was consistently and significantly lower than the rate on a 30 year fixed rate mortgage. Between June of 2004 and June of 2006 the Federal Reserve increased the Federal Funds rate 17 times. This rate directly impacts all short term interest rates such as the Prime Rate. During the same period of time the long term rates remained more or less steady. The net effect was to close the gap between rates on shorter term mortgages like the 15 year fixed and longer term mortgages like the 30 year fixed.

At the time of this writing the rates on these two loan products happen to be exactly the same. But this should not take the 15 year fixed rate mortgage out of contention. For many people it is an excellent option. And it can still save lots of money.

For example, the payment on a 30 year fixed rate mortgage for $100,000 at 6% is $599.55. The payment on a 15 year fixed rate mortgage for $100,000 at 6% is $843.85. That is an extra $244.30 per month on the 15 year mortgage. But consider that the total payments made on the 30 year loan would be $215,838, versus $151,893 on the 15 year mortgage. By choosing the 15 year mortgage you would save $63,945. And you get to stop making mortgage payment in 15 years!

Interest Only

Given the high cost of homes it is no surprise that interest only programs have become so popular. Florida mortgage customers have flocked to these programs to make increasingly expensive homes affordable. An interest only mortgage can be appropriate if your sole concern is cash flow. During the interest only period you will not be paying any principle off. There are many types of interest only mortgage programs. The majority of interest only mortgage programs are “fixed period adjustable rate mortgages”. This means that they are fixed for a limited period of time; typically 3, 5, 7, or 10 years.

The interest only period usually corresponds to the fixed rate period. Once the fixed rate period ends the mortgage becomes adjustable. A new version of the interest only mortgage worth considering is the 30 year fixed rate mortgage with a 10 year interest only period. You get the benefits of the low interest only payment for 10 years – but with no adjustable rate risk waiting for you at the end of the interest only period.

It’s Your Money

How often do you balance your checkbook, get a physical exam, go to the dentist? Your mortgage can have a huge impact on the quality of your life. Think of your mortgage from time to time. Call your friendly mortgage broker. Have a chat. Ask questions. It’s your money.

Copyright © 2007 James W. Kemish. All Content. All Rights Reserved.

Trying to sell your Hattiesburg Mississippi house without any luck? Need to sell fast? When most people think of selling their home they think of listing it with a Realtor because that’s the only way most people know how to sell their house. But there are lots of situations that don’t make listing our home to sell a good option. Maybe we’re over financed or the house needs major repairs. Maybe we’re behind on our mortgage payments, even facing foreclosure and need to sell fast. And in today’s current financial crisis and credit crunch there are a record number of houses sitting on the market month after month after month. Many of our potential buyers can’t get loans anymore.

Well, there’s a better, faster way way to sell your home when you’re facing a difficult situation and need help.

MS Home Solutions is a group of professional home buyers who buys houses in Hattiesburg Mississippi, many times in 7 days or less. We buy houses in any condition and price range and are trained to deal with almost any situation that you may be in, including specializing in working with people who are facing foreclosure where we can help SAVE YOUR HOME or buy it even if there’s no equity. We make an investment in selling your home and we don’t charge any big realtor fees. We care about your situation.

Yes, we really do exist!

We buy houses in Hattiesburg and the surrounding areas of Forrest and Lamar counties, serving:

Hattiesburg | Oak Grove | Petal | Purvis | Sumrall

See if your home qualifies for our fast home purchase program by taking a few minutes to fill out our Home Seller Questionnaire and see how we can help you sell your home and relieve your stress now.

We can buy houses if you’re in any of these situations:

Expired Realtor Listing In Foreclosure Vacant Property Behind on Payments Job Transfer or Relocation For Sale By Owner (FSBO) Major Repairs Needed 2 House Payments Divorce 100% Financed Estate Sale Tire of Being A Landlord Judgements or Liens On Your Property or any other situation…

Whatever your reason for selling we can handle all the paperwork and help you close quickly, many times in 7 days or less, with care and concern for your situation.

It takes expertise and experience to sell a house in today’s market in Hattiesburg Mississippi and MSHomeSolutions has helped many other people through situations just like yours. Contact us today at www.MsHomeSolutions.com.

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Do you have a home in Suwanee Georgia you need to sell quickly?

Have you been searching the Internet looking for a way to someone to buy your Suwanee house fast or some way to sell your house in Suwanee Georgia fast? Many sellers need to sell their house fast, but don’t know where to turn. Luckily you’ve found the right “We Buy Houses Article” to sell your house in 7 days or less! WeBuyHouses.net is your number one source for buying houses in Suwanee Georgia for fast cash or by taking over your existing mortgage payments. We can help you sell your house fast by buying your house fast!

How to Sell Your Suwanee Georgia House Faster Than Ever! Once you’ve completed our Seller Questionnaire providing your contact information and telling us about your Suwanee house for sale, one of our professional home buyers will contact you by phone or email about buying your home. If your home meets our purchase criteria, we’ll schedule an appointment to come out and see your house and make you one or more offers to buy your house on the spot! It’s that simple.

Who we are. WeBuyHouses.net a group of professional home buyers in Suwanee Georgia and around the country that specializes in purchasing houses quickly for all cash or on other creative terms. We are not real estate agents who want to list and sell your home for a commission, so there is never any broker fees or real estate commissions. All you have to do is tell us about your Suwanee home for sale so we can possibly buy it. That’s how simple it really is!

We can save you time and money. We know that selling your home can be an expensive, time consuming and complicated process. We understand your situation. If you need to sell your Suwanee Georgia home fast, we are your number one solution. Our local, professional home buyers can buy your house in 7 days or less once you’ve notified us of the Suwanee home you have for sale. We can pay all cash, take over your payments or lease-purchase your house immediately! We will handle all of the paperwork, make all the arrangements and close within a few days if necessary. You’ll get a quick sale with no hassles, so you can put your house selling worries behind you once and for all. There will be no more stress and no more home selling headaches.

We buy houses in Suwanee Georgia. We also buy homes in Cumming, Duluth, Dacula, Sugar Hill, Flowery Branch, Auburn, Braselton, Norcross, Lawrenceville, Alpharetta, Douglasville and other surrounding areas. We also buy houses in cities and towns across Georgia such as Atlanta, Savannah, Valdosta, Gainesville, Athens, Augusta, Macon and we want to buy your Georgia house too!

We buy houses in Suwanee Georgia in all shapes and sizes. We purchase all types of property, whether it’s a new house, an old house, a big house, a small house, a pretty house, an ugly house or a house needing major repairs… We like to buy them all. We buy as many houses as we can in Georgia and are always looking for more houses to buy.

We buy houses in Suwanee Georgia in any situation. If you are selling your Suwanee Georgia house due to divorce, illness, unemployment, relocation, behind on payments, bankruptcy or foreclosure, we’d like to help you find a solution that fits your unique home selling situation. We specialize in finding creative solutions to tough real estate problems that Realtors and other home buyers won’t touch.

We are your best solution to sell your home fast. If you’ve tried to sell your Suwanee Georgia home for sale by owner and failed or you have listed your house with a real estate agent who was unable to sell your home, we are your best solution to get your home sold quickly. Sell your house to us in 7 days or less and avoid all the hassles and uncertainties of trying to sell your home yourself or through a real estate agent.

We are your ideal home buyer. If you sell your home to us, you won’t have to continue searching for the perfect buyer while you wait, month after month to sell your house. You won’t have to continue having open houses and showing your home to unqualified strangers who waste your time and scare the dog. You can sell your house in Suwanee Georgia in 7 days or less and move on with your life!

Sell your house in Suwanee Georgia in 7 days or less! To sell your Suwanee Georgia house quickly, please complete our confidential Home Seller Questionnaire on our website at www.WeBuyHouses.net or call 888-765-3461 to speak to a live representative. Tell us all about your Suwanee home for sale, how we can reach you and one of our knowledgeable house buyers will contact you ASAP about buying your house fast.

Choose the best offer to sell your house fast. If your Suwanee Georgia house qualifies for our purchase program, one of our professional house buyers will schedule an appointment to come visit your house, take some photos and make you one or more custom offers to buy your home quickly so you can sell your house fast! We are confident that you will like one of our offers. If not, you are under no obligation to sell your home to us.

We are ready to buy your Suwanee Georgia house today! Our home buyers are ready, willing and able to buy your house and help you through the entire home selling process. All you need to do now is call 888-765-3461 or visit our website at www.WeBuyHouses.net to complete our confidential Seller Questionnaire and one of our local home buyers will contact you about buying your house fast. Why wait another minute to sell your Suwanee Georgia house when you can sell your house to us today?

Those interested in Bellaire Texas real estate will find a wide variety of homes to choose from. This beautiful city has become a hot destination for home buyers seeking a quiet place but with all the city amenities.

Bellaire, Texas

Bellaire was established in 1911 when it was registered with the city of Houston. In 1928, it was declared a city and its population soon began to grow. From 1919 to 1939, the number of residences increased from 25 to 330 residences. By 1960, this number reached 600.

During the 1980s, Bellaire Texas real estate saw the rise of two bedrooms, one bath bungalow type of houses. However, today these houses are being replaced by beautiful two to three story, four to five bedroom executive styled homes.

With strong zoning requirements in place, the quality of the neighborhood and residences is well maintained. Bellaire is a beautiful place to live in; it has some of the best schools in the state so you do not have to worry about your kids’ education.  The place is dotted with lush green parks and offers plenty of recreational opportunities for all. There are some great libraries here, plus the Texas Medical Center is just a few minutes’ drive.

When looking for a real estate in Bellaire, you will definitely not fall short of choice. The price range can vary from $100,000 to several million dollars. Here, you will find beautiful four to five bedroom homes nestled along with small ranches.

Tips To Help You Buy

Since you are on this page, it is obvious that you are interested in Bellaire Texas real estate. But how should you go about it? First, list down the things you are looking for. How many bedrooms do you require? Do you want a garden or a swimming pool or both? Do you want a condo or a ranch type home?

Once you are clear about of the kind of a home you are looking for, you should consider a budget. You should be able to afford the type of house that you intend to buy. Remember that buying a home is a big investment and one that should be made only after careful consideration of your finances.

You would need to finance your home. If you are not sure about how to go about this process, you can get the help of a real estate agent. The agent will let you know about the mortgages being resold in the market. The Federal Mortgage Association buys these mortgages and then sells them to investors. These mortgages carry lower interest rates.

Getting your finances in place before you start your search for a home is a great way to start. When making a budget for your house, do not just include mortgage payments. You will also have to pay utility bills, property taxes, insurance, appraisal fee, repair costs, etc. So make sure that your budget includes everything.

Finally, when buying a home, the choice of neighborhood is one of the most important factors that impact your decision. Do you want a green, quiet neighborhood like Bellaire? If you have kids, you are going to consider a neighborhood with good schools.  Crime rate, transportation, town services and recreational facilities are some of the things that you are going to be looking at when deciding the region.  

A real estate agent can help you from the start to the end of the home buying process. Not only can they provide you expert guidance, but they can also help you avoid a bad deal and make buying Bellaire Texas real estate a smooth process.

The choice and diversity of mortgage packages being offered to borrowers has increased dramatically in recent years to cater for the modern mortgage market. Most high street lenders offer some find of flexible or offset mortgage in their product range. Below is a quick guide to some of the main types:

Flexible Mortgages

Essentially a flexible mortgage is a secured loan that can be repaid in varying amounts. The interest is calculated on the fluctuations of the outstanding balance and while a flexible mortgage has a higher interest rate, the ability to make overpayments and lump sum payments means the mortgage can be paid off earlier.

Offset Mortgages

Offset mortgages basically use the interest from your savings account against the interest charged on your mortgage. Usually your mortgage provider will combine your mortgage and savings account into a single account. Each month, the amount you owe on your mortgage is reduced by the amount you have in your account, before working out the interest due on the mortgage.

Current Account Mortgages

Current account mortgages have been around for well over 10 years in the UK and are a type of flexible mortgage. Current account mortgages work by combining your mortgage and current account into a single account, usually with the same financial institution. The balance is calculated daily and the home owner only pays interest on the balance. Any saved income you have in your current account at the end of the month is automatically deducted from the mortgage debt you owe.

Flexible Loans

A loan for building a home is known as a ‘self build mortgage,’ and there are several different types of self build mortgages currently available in the market place. Recently, home buyers who want to build a property for themselves or for investment purposes opted for flexible loans. A self build mortgage is different from a traditional mortgage. The money is released in stages and to acquire a self build mortgage, the providers will want to see plans, timescales and the end-value of the property as well as enthusiasm for the project.

Self Cert Offset Mortgage

A self cert offset mortgage combines the benefit of declaring your own income with the freedom of an offset mortgage that allows over payments, lump sum payments, under payments, and payment holidays.

Offset Tracker Mortgages

Offset tracker mortgages are relatively new in the market place. They combine the benefits of an interest rate that tracks the Bank of England’s base lending rate, with the ability to ‘offset’ the interest earned on savings and current account against the interest charged on the mortgage.

Flexible Tracker Mortgages

Flexible tracker mortgages offer the benefits of two types of mortgages rolled into one. The mortgage not only offers financial control due to different repayment options, the mortgage interest rates tracks the Bank of England Base Rate.

Cheque Book Mortgage

A cheque book mortgage main feature is that it is designed to be user friendly. All your savings, debts and mortgage are rolled into one account, with the same financial institution, for easy management of your finances, and the mortgage is flexible, which is an attractive feature for many borrowers.

Discount Offset Mortgage

A discount offset mortgage is an offset mortgage with a discount on the standard variable rate of interest for a set amount of time.

Conclusion

With such a wide array of mortgage products available it’s important you shop around and seek the advice of an independent mortgage broker. Understand the features, benefits and negative aspects of each option so that you are equipped with the knowledge to select the package that best suits your specific personal circumstances.

Adjustable rate mortgages have taken a bad rap in the latest mortgage crisis. Financial pundits from all ends of the spectrum blame the irresponsible use of adjustable rate mortgages and hybrid adjustable rate mortgages for the increasing number of home owners who are delinquent or in foreclosure on their mortgages.

That’s unfortunate, since adjustable rate mortgages can offer real benefits to home buyers in many situations. Here’s the scoop on the pros of an adjustable rate mortgage.

What an adjustable rate mortgage is

There are many kinds of mortgages, but all of them fit into one of three different types – fixed rate mortgages, adjustable rate mortgages and hybrid mortgages which use features of both adjustable and fixed rate mortgages.
A fixed rate mortgage is one in which the interest rate for the mortgage remains the same for the entire life of the loan, no matter what market interest rates do.

An adjustable rate mortgage is one with an interest rate that can fluctuate up or down. It is usually tied to a specified market index, and has specific rules for when and how much the rate can be adjusted.
The most common hybrid mortgage type features an initial low fixed rate that remains the same for two, three or five years, then adjusts to the market and becomes and adjustable rate mortgage.

Pros of an adjustable rate mortgage

There are a number of advantages to choosing an adjustable rate mortgage. Some of them are advantageous for only one type or buyer or another, others are an advantage for everyone.

1. An adjustable rate mortgage may help you afford a bigger mortgage than a fixed rate mortgage.
Because adjustable rate mortgages often have lower initial interest rates than fixed rate mortgages, they can allow you to qualify for a larger mortgage than a fixed rate mortgage. That means that you can buy a more expensive home because your monthly payments start out smaller. If you’re a young home buyer just starting in a career, this can be a major advantage because it allows you to pay smaller monthly payments in the first years when your salary is smaller.

2. The initial payments are lower than they would be with a fixed rate loan because the interest rate is lower.
With a fixed rate loan, lenders accept that if interest rates rise, they will make less money on the mortgage than they would with an adjustable rate mortgage. They offset that ‘loss’ by charging higher interest rates on fixed rate mortgages than they do on adjustable rate mortgages. That means that you start out with a lower monthly payment. As long as interest rates don’t rise, you’ll continue to pay lower monthly payments.

3. If the interest rates go down, your interest rate and monthly payments will adjust down automatically.
If you have a fixed rate mortgage and the market interest rates drop significantly, you can only take advantage of that by refinancing your mortgage. Refinancing incurs early repayment fees and other costs that you avoid by having a mortgage that adjusts automatically to the prevailing interest rates.

4. An adjustable rate mortgage can save you a considerable amount if you only intend to stay in your new home for a short time.

Because the interest rate and monthly payments are likely to be considerably lower for an adjustable rate mortgage, If the difference between the rate for a fixed rate mortgage and an adjustable rate mortgage (the spread) is considerable, you could save several thousand dollars a year in those first few years.

In order to figure out if an adjustable rate mortgage is right for you, it’s important for you to consider all of the facts about the loan. You should know the following about the mortgage that you’re considering:

How often does the rate adjust? Most adjustable mortgage rates adjust annually, but the adjustment period is up to the individual lender. Some may adjust as often as once a month.
What is the cap on single adjustments? No matter how much the index used to determine adjustments rises, your mortgage agreement will place a cap on how much the interest rate can increase in a single adjustment.
What is the annual cap on adjustments? If your mortgage adjusts more often than once a year, what is the most that the lender can raise your interest rates in a single year?
What is the lifetime cap on adjustments? In addition to the annual cap, your mortgage agreement will also spell out the lifetime cap on adjustments. Can you afford the monthly payment at the cap?
What adjustment index does the lender use to determine rate increases? A lender can link the adjustment rate to any index that it chooses, and may be allowed to change the index according to the terms of your loan.
What is the margin? The interest rate that your lender charges will be a certain percentage above the index. This is called a margin. You should know what the margin is so that you can decide if it’s fair.

If you find that you’ve fallen behind in your mortgage payments, your lender will want to know how you are going to clear your mortgage arrears. Without any process in place, or if your situation is particularly desperate, your mortgage company could start court proceedings against you to seize or ‘repossess’ your property, leaving you homeless and perhaps still owing them money.

Repossession orders usually allow a lender to seize a property within 28 days of granting – you can, however, stop the process at any time.

If you have mortgage arrears, or if your lender already has a court order and you’re threatened with eviction, you need to act, FAST! This is where house buying company’s service can help you.

Selling your house through an estate agent can take months. If your house is repossessed, your lender will usually sell the property at auction where prices can often be 30% below market value. After paying off the mortgage and arrears, this could still leave you owing money to your lender. A quick house sale through a professional property buyer, is the best way to clear your debts.

How can professional property buyers help?

In short, most house buyers will purchase your house, for cash, quickly – often within 7 days.

You should contact them long before your lender has applied for a court order. However, we can still help at any time before you are evicted – you simply need to prove to a court that you can rectify the situation, which, with a house buyer’s help, you could.

How does it work?

It’s quite simple. To make an offer most home buyers will arrange for 3 agents to visit your property to carry out an appraisal on their behalf.

Once they receive the valuations, the house buying company will be able to make an offer, currently up to 85% of the appraisal valuation, within 48 hours.

There is usually no cost or obligation in receiving an offer.

What are the benefits of using a professional property buyer?

The advantages for you are clear:

You avoid repossession.
You receive more money for your property than you would through a repossession sale at auction.
You can repay your mortgage and clear your debts.
You could be left with cash and a clear credit record.
Borrow money in the future without punative rates and move on with your life.
Many home buying companies have years of experience in dealing with these situations.

Right now is a frightening time for many homeowners to consider placing a home on the market. The right Rio Rancher Realtor will be able to assist you in your efforts to sell your home as well as help put your mind at ease about the process. The market is a little more “buyer” friendly than it has been in the past, but the Rio Rancho real estate market still has a great deal to offer sellers who want to get the best possible return on their investment.

Your Rio Rancho Realtor can not only help you find out how to price your home to sell quickly and get attention in the current market but also how to prepare your home for showing so that it will appear attractive to potential buyers. There is a lot of competition on the market at the moment, but there are things you can do that will make your home stand out among them without spending a fortune on upgrades.

Don’t listen to the news or anyone who is telling you that you can’t sell a home right now. Rio Rancho Realtors are selling homes in Rio Rancho and the surrounding area each and every day. You can even get a fair market price for your home now; but, it is critical that you find a Realtor who knows the area, knows how to work the area, and is familiar with the homes, the prices, and the people who make your neighborhood a choice place to call home.

Buyers want more than some house. They want to purchase a home and your Realtor will help you do what it takes to make potential buyers look at your house and feel as though they are at home. That is what sells houses and the right Rio Rancho Realtor does it very well.

Sell your home to a house buyer and you will not need a home information pack (HIP). This means you avoid the delay, hassle and cost of compiling a HIP.

For more info on the HIP regulations read on.

What is a Home Information Pack?

Since 14 December 2007 a Home Information Pack has been required on all homes being marketed in England and Wales.
The pack provides information needed by home buyers at the start of the home buying process.
It includes much of the information usually compiled by a solicitor during the conveyancing process.
The burden is now on the seller to compile the info and produce the pack.

Essential Content of Home Information Packs

Index of Contents
Sale Statement
Evidence of Title
Energy Performance Certificate (EPC)
Searches
Leasehold/Commonhold Documents if applicable

HIP’s were designed to:

Provide info so that home buyers make informed decisions before offering
Reduce duplicated costs if more than one sale proceeds
Grade the energy efficiency of a home

What are the negatives of HIP’S?

Home sellers are now unable to test the market without committing cash
Delays caused because marketing can’t commence until HIP compiled
Much of the packs info is out of date by the time the property goes under offer. The buyer then has to repay for updated info.
Some lenders/solicitors will not accept the contents of a HIP and may demand their own information, so duplicating costs.
Cost of a HIP is an added cost to house sale process
If the property doesn’t sell the HIP and the money spent on it is wasted

Are there any exemptions?

Yes there are a few limited exemptions to getting a home information pack. The main of which is that if the property is not being marketed e.g. sale to quick sale company, then a HIP doesn’t have to be compiled.

You can avoid a getting a Home Information Pack in the following circumstances:

When no marketing takes place (e.g. selling to a family member or quick sale company)
Non-residential properties
Homes limited by law to use as holiday accommodation or for limited occupation
Mixed sales (e.g. shop with flat)
Right to buy and similar sales
Sales of portfolios of properties
Properties not being sold with completely vacant possession
Unsafe properties and properties to be demolished

How to pay for pack?

Our research has found that you can pay up to £600 for a HIP.

There are several ways of paying for a HIP:

Pay upfront- before marketing commences a HIP is commissioned and paid for
Financing until sold- normally interest is charged so you end up paying more
“No Sale No Fee” deal via an estate agent, where pack cost is included in final fee. However in current market agents have either withdrawn these offers or require much higher commissions to compensate for extra risk. There are also many restrictions e.g. not able to transfer HIP to another estate agent

Imagine the situation when you have found your ideal home after a long search, and your offer has been accepted in the auction. But, there is just one snag – you can’t get shot of your old residence quickly enough to arrange the money. In such a situation, the much awaited deal may have a risk of falling through. Loans designed to bridge the financial gap between two successive real estate deals, is the only way to keep the deal on track.

It is a fact that these loans are expensive and are usually considered to be a last resort to make the deal successful. But, this loan can tide you over in the short term, and the extra expense may save you from losing money already spent in the purchase process. Besides this, you are also relieved from the mental stress.

Depending upon the nature of the deal and terms and conditions, bridging loans for home can be divided into the ‘closed’ bridge and the ‘open’ bridge. The closed bridge is only available to home-buyers who have already exchanged on the sale of their existing home. As very few sales fall through after exchange, lenders are happy to offer closed-bridge financing. These loan plans generally charge lower rate of interest compared to the second one. An ‘open’ bridge is taken out by buyers who have found their ideal property, but may not have put their existing home in the market for sale. In such situation, the lender asks lots of questions and wants supporting information and documents also. Equity in your existing property is the most vital factor in the loan approval.

All bridging loans come with high interest rates. The charged interest rate is generally 2% to 2.5% more than the Bank of England rate. The lender may charge an arrangement fee ranging from 0.5% to 1.5% of the value of the loan. If you do a good research on the Internet, you will find that some lenders charge lower rates of interest and higher arrangement fees and vice versa. So, you should calculate the effective rate of interest and try to get a cost effective loan.

There are many specialist lenders in the UK financial market who are faster at issuing the cash. The borrowers have to pay nothing for the privilege. Deciding whether to go for a lower rate of interest or a lower arrangement fee depends on your circumstances and online research. When you are confident about the quick sale of your old home, it is better to pick a bridging loan with a lower arrangement fee.

When you have plans of purchasing a property, you will surely look in property listings and other sources that you can think of.  Searching for prospects is easier if you know exactly what you want in your house.  But the saga will not end there, before making your final decision there are some costs that must be considered.  True enough, becoming a home buyer will need vigilance and discernment on every move you make as well as every penny you shell out on the deal.

These home buying expenses cover the following things like insurance, closing and property taxes.  Such taxes must be on top of the priority if you want to end up with a good one.  You can not avoid the fact that they are already part of every real estate deal and thus never attempt to get away from them.  When you apply for a home mortgage, items such as property tax, insurance charges and other costs are already settled.

These taxes must be paid off during the first quarter of the home purchase procedure.  Actually there are sellers who should these taxes from the start of the procedure.  However, when you finally reach the closing, the buyer is reliable for paying all of them.  All home buyers are required to pay these taxes as mandated by law.

In some cases, the lender will persuade you to open an account that will hold the two months deposit before you end the deal.  True enough that the Escrow account is used to settle the property taxes and hazard insurance.  If you are trying to understand the importance of this Escrow account, simply think of this way, it is just like asking why you can not settle your own property taxes.

On the other hand, people who opened for an Escrow account and applied for mortgage are said to default on loan dues.  Tax defaults are impossible to occur when the year ends for borrowers who do not have enough resources to settle their yearly tax dues.  Payments done every month are deposited into the Escrow account to secure that you are paying your taxes on time.

The Escrow account is a savings kind of account for particular reasons like paying your homeowners insurance premiums and real property taxes.  But you must have enough resources to be deposited to the account to give assurance that you are a responsible payer.  When the time comes that you will apply for a loan while looking for a possible property, lending companies or banks can pay the taxes on your behalf if you have an Escrow account.

Opening an Escrow account to pay the property taxes is advantageous on your side as a home buyer.  However, like majority of home buyers, it will still depend on their choice if they want to settle their taxes on their own or end up in money market account.

Alternatively, if you want to be secured that you will not be able to fail on paying your taxes, it is ideal to open an Escrow account!  The loan officer will definitely like this since he will have less worries on dealing with overdue accounts.

In order to paint a room properly, you should know how to paint a wall properly. Walls should be seen as a single job that you don’t stop at until it’s completed. A wall where the painting has been stopped and started tend to have a lot of interesting paint lines unless extra work and coats are applied.

Low VOC (volatile organic compounds) paint can be had at many paint sellers and I suggest you use it instead of the standard noxious stuff. Your heart and lungs will thank you. Hey, you can even advertise it as a bonus – “interior repainted in low-VOC paint”.

Today you can get low VOC paint in all kinds of colors, but I usually recommend light, bright and cheerful. While you might think that dark purple is dramatic, home buyers won’t necessarily think so. You might see it as lush and opulent; potential buyers will feel like they’ve been squeezed into a plum. Pick something banal; your next home is where you can go wild with shocking pink.

Buy good brushes; they won’t disintegrate into a pile of bristles stuck to your freshly painted wall. However, roller covers are not so cranky; even the cheap ones will keep happily rolling on paint. Other things that will make your life easier are painter’s throws, sandpaper, spackle, caulk, thinner, primer, gloves, and a gallon of hand moisturizer, which will protect your hands and make it easier to wash up afterward.

Cover everything. This is an excellent time to stage the room – the less stuff in the room the better. Cover everything else with the painter’s throws. Tape the throws to the tops of baseboards, around window frames, door handles and electrical outlets. Especially the electrical outlets – digging paint out of a plugin is not fun.

Sand the whole wall. Yeah, I know that it takes a while you think would be better spent on painting, but it will make the paint adhere better to the wall and remove dirt that the paint will not stick to. Oh yeah, spackle holes before you sand. Don’t forget to blow off the sanding dust before you whip out the paint can.

Follow the directions for primer, paint, thinner, etc. The friendly employee in the paint shop will be able to give you some pointers for ensuring a smooth mixture.

Ceiling-wall-trim. That’s the order that you should paint in. Cut in with at least 2 inches of paint around trim, electrical outlets. More on corners, so you’re not jamming the roller in, trying to make up for a shoddy cutting job. Once you’ve finished cutting in, roll that paint on that wall and your job should be finished pretty quickly. Make sure that there are no small bits uncovered. Wait for the wall to dry and examine it to see if it needs another coat.

There! You’re pretty much done. Of course, there are the other walls in the room to do… and the other rooms… but hey, you’ve done this one! Pat yourself on the back (and get moving!)