House won’t sell? How may I assist you?
Posted by Rochelle Markov // June 10, 2018 // Blog
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At some point in time, a homeowner will need to sell their house. Some popular ways are: For Sale By Owner (FSBO), through a real estate agency, real estate investor, probate, and the list could on and on! What if your house won’t sell? How may I assist you? As real estate investors, Reel Property Solutions, LLC frequently meets homeowners with situations that causes the house selling process to be a discouraging time. The question then becomes: How may I assist you through this process? First, here are some reasons why a house may not sell:
- Physically distressed. Most homeowner’s insurance companies won’t allow a traditional mortgage seeking buyer to purchase property with a bad roof, etc. until those issues are fixed. The costs can rise quickly, therefore, this is a great time to contact Reel Property Solutions, LLC. How may I assist you? Easy! A cash offer on your timeline without an inspection is how I can assist you!
- Leins. Homeowners do not have much time to catch up when they have fallen behind on mortgage payments, tax payments, HELOC payments, or used their house as collateral for another type of payment. Save yourself the embarrassment of foreclosure- How may I assist you? Reel Property Solutions, LLC can talk options with you.
- Unusual layout/style. One house tour had a toilet in the bedroom closet. The same house had a small kitchen with the fridge in between 2 walls making the pass through nearly impossible. This could make a potential buyer run away! Luckily, remodeling contractors can help resolve these matters. How may I assist you as the homeowner? Reel Property Solutions, LLC can purchase the house and plan to move walls that create bigger or more functional spaces for the next buyer.
- Price. Example: A house listed for $95,000 with old windows, an outdated kitchen, and a dingy bathroom on a cracked foundation isn’t going to sell as fast as a house that has been recently updated with all new a new bathroom, new paint, new light fixtures, on a solid foundation priced at $195,000. How may I assist you with the price discrepancy? Reel Property Solutions, LLC can visit with the homeowner about purchasing the property to make the appropriate changes to sell fast!
- Location. There is the saying “Location, location, location!” People can be extremely particular about the neighborhood, how close to a main road, being in the country, or a short commute to work. In this instance, how may I assist you? Reel Property Solutions, LLC can make a cash offer then target to the desired type of buyer.
- Lack of advertising. What if you want to sell, but nobody knows it? For example, one distressed seller didn’t have Internet access but had the desire to sell on their own. How may I assist you? Reel Property Solutions, LLC assisted with advertising such as Craigslist, word of mouth, a yard sign, and Facebook groups. Ultimately, the homeowner sold the property and was grateful for the support!
- Communication barriers. These are examples of what homeowners say: “I called the bank, left my number, but they don’t call back and then when I finally do talk to someone…..” Or: “I wanted to list with an agent, but they won’t do it!….” Or: “They don’t listen!” (“They” could be a variety of people.) How may I assist you?- a question often asked to the homeowner. Most times a listening ear is best!
- Low offer prices or no offers. Most times homeowners are determined to get an offer that is close to their listing price. Unfortunately, a potential buyer may not value the property in that same way, so the offer isn’t what the homeowner had hoped for. In return, the homeowner will counter offer or deny the offer. Now could be a “wild goose-chase” type of waiting game to see what the potential buyer says. At times, the homeowner may just take the property off the market. One homeowner did this and called Reel Property Solutions, LLC. The question of how may I assist you came up. The homeowner explained the scenario. A resolution was discussed, and the homeowner was satisfied!
Also, check out a great read about foreclosures from this link: https://newsilver.com/the-lender/how-to-find-foreclosure-homes-for-sale/?msID=64918723-8267-4d38-ab18-55267e0b3dcd This author is Richard Stevens, a lender from New Silver Lending, LLC in West Hartford, Connecticut.
Whatever the situation, Reel Property Solutions, LLC wants to assist you with your house selling needs. Even if your property isn’t a great fit for us at the time, there is a large network of other people who can help. One of the networks is Fortune Builders who has done an exceptional job of educating about the ins and outs of real estate, taught ways to think of many answers to the question: how may I assist you, and -ultimately a WIN-WIN outcome for everyone!
Contact us at info@reelpropertysolutionsllc.com or call 507-218-8788.