CA$H FLOW HQ

 

Realities of the Traditional Selling Process

Realtors Are Great Most Of The Time!

If your house is in perfect condition, you have plenty of equity, and if you have plenty of time to wait, selling your home using a Realtor will probably get you a fair price.

 

How much equity do you need to have?

Statistics show that an average cost of selling a home using Realtors is
about 10% of selling price, or sometimes even more...

That means, at least 10% right off the top is gone in fees. The 6% in Real Estate commissions, 2.5-3% in Title Company closing costs; then there is a Home Shield Warranty, and some other miscellaneous fees.

Do you have at least 10% equity to cover the cost of selling? ... or will you need to come up with CASH just to get rid of your house?

If you lived in your house for only a few short years, or if you refinanced recently, you may not have enough equity to pay all those fees.

 

If you have enough equity, how long can you wait?

Statistics show that an average "Market Time" in the Greater Philadelphia, PA / Camden County, NJ - Metro Area is 2 to 6 months, depending on the area and condition of the house. That means, it will take that long to find a buyer...  add to this another 30 to 45 days needed to complete all the inspections, go through a loan approval and finalize the sale.

 

On average the Traditional Selling Process will take from 3 to 6 months, so it's important to plan on making at least 6 monthly payments.

 

CONCLUSION:  If your house is in perfect shape, and your situation allows you to take your time, selling your house through a Realtor is a valuable option!

 

Be Smart:  Negotiate in the listing agreement a "right to cancel".  If after 3 months you still don't have any offers, at least you'll be "free" to explore other options!

 

 

Some Surprising Secrets about the Real Estate Business:

Although the Greater Philadelphia, PA / Camden County, NJ - Metropolitan Area is a stable market with a few hot areas, thousands of listings expire unsold every month.

The following "eye-opening" facts may give you some answers...

  A Realtor gets paid whether your home sells in one week or one year. This creates a motivation to do the least amount of work possible on the already "secured" listing, but to focus on securing more new listings.

  When a Realtor lists your home, they put it in the computer with thousands of other houses. Then they sit back and wait for another Realtor to find and qualify a buyer. And wait. That’s the way the game is played.   Do you have any idea how many houses an agent is trying to sell?  It’s safe to assume more than just one! Most agents have houses all over the city that they’re trying to sell at any given time.  Most real estate agents do not provide the attention your home needs to sell quickly.

  In their highly competitive business, real estate agents often use interesting ways to secure a listing.   Inflating the listing price is one of them!  Some agents will list your home at an inflated price just to please you and get your business. Then when it doesn't sell they suggest you lower your price to something more "reasonable" and marketable. They get your business up front because you think you might get your price. Your interests are at risk, not theirs, while your home sits on the market unsold.

  The agent's sign in your yard is a free billboard, advertising the agent’s services to the whole neighborhood!  They may be getting more business from the sign than you are.  The longer your house sits unsold with their sign in front, the more free advertising, new customers, and money they get. So in the end it works great for them, but not for you!

 

What if you have to MOVE and your house has not SOLD?

If this happens to you:

Are you going to leave it vacant?

How long are you going to make TWO house payments?

How long can you afford to make TWO house payments?

If you’re like most people, that can deplete your savings quickly!

What many sellers don’t realize is that when you hire an agent with lots of other listings to handle, your need to sell does not usually result in priority treatment from your agent!

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Selling your house is no small task; Remember:

	the details
	the time, the waiting
	the ads that make the phone ring less
	showing the house over and over again
	having strangers snooping around your home
	all the liabilities and disclosures ....

 

It can be a much bigger hassle than you ever thought possible ...

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High Hopes ... If you are like most home sellers, you have high hopes when you are preparing to sell your home. Your home is immaculate, it shows like it's brand new, and you anticipate a fast sale, because conventional wisdom suggests that homes in excellent condition sell quickly.

 

Time Passes ... Three months go by and your listing expires. Another two months go by while you try to sell it yourself. Your house can become a liability and a burden.

 

Here's Another Scenario ... Let’s say you find a buyer that is really interested in your home. They make you an offer, you counter, they counter and then finally, after a week or so of negotiating, you both agree on a price.

Then you go through the inspections. You jump through all the hoops.  You fulfill all the requests.

Then you wait for the closing date so you can sign the papers and sell your house. You even start packing and getting ready to move.

Then the Good Part Starts ...  Your buyer has to get the final bank approval. You would think it’s not a problem… they already have a loan broker, they showed you a pre-approval letter. You think their financing is ready.

Not exactly! Many buyers get pre-approved, but then they go out and do something that reduces their credit. They buy a new car, or they get behind on their credit cards, or something else that affects their credit. Whatever it is, their debt to income ratio gets messed up.

The loan approval committee decides that these people cannot afford your home and the deal is off.

Well, guess what. Then you get to start all over again. Find a buyer, make a counter offer, go through inspections, and the process happens again.

 

Bottom Line: Traditional Selling Can Be a Real Pain!   OLUFEMI Enterprises / CA$H FLOW HQ may be able to offer you more money than you’d net if you list it with a real estate agent, and the sale can be closed on the date of your choice with few hassles, no showings, and no risk!

 

To Sell Your House Quickly:

• The FASTEST way to get started is to complete the PROPERTY FORM; or,

• Email us at: CEO@CashFlowHQ.net.

 

 

 

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*We offer "UNBEATABLE Real Estate & Business COMMERCIAL LOANS": 'Click' Here - Now!

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