7 Things You Must Know Before Selling Your House
Selling a home or investment property can be a scary and overwhelming experience. This report is meant to guide you through the process so that you are better and fully prepared to sell your home the right way to the right person. At World Class Ventures, Inc, we aim to make the selling process as easy as possible, but whether you decide to do business with us or not, these Seven Tips will help you along the way.
1. UNDERSTANDING THE TRUE COST OF SELLING YOUR HOME
Many property owners think about selling their home in terms of the price that is offered. For example, if you were to agree to sell your home for $200,000, the initial belief is that you would be walking away with $200,000. However, most homeowners do not factor in 6% real estate commission, 2% closing costs, holding time with mortgage payments, taxes, and insurance. In addition, buyers request endless repairs once escrow is opened. In reality, a $200,000 offer turns out to net the seller much less when listing with an agent or selling to an investor when all the fees are not covered. At World Class Ventures, Inc., the seller never pays fees, commissions, repairs, or closing costs. We will take care of all of it! If we agree to a purchase price, you know what you will be walking away with from the closing table.
2.MANAGING THE STRESS OF SELLING A HOME
Imagine listing your house with an agent and signing endless pages of paperwork that you don’t understand. Your house goes on the market and dozens of agents start swarming your property, along with strange buyers who haven’t been pre-qualified to buy your home. The nosy neighbors got to peek in the door, but an offer never came in to purchase the house. When the house will sell, along with its selling price, are a mystery, and the seller is no better off than when they first started. All this stress and you reap none of the benefits! At World Class Ventures, Inc., we will give you a written cash offer on the spot. We will pay everything in cash and close on the date of your choice. You won’t have your nosy neighbors poking their heads through the window! You will have cash in your hand faster than you ever thought possible and lasting peace of mind.
3. DO YOUR HOMEWORK ON THE INVESTOR AND/OR THE AGENT
Many people claim they are real estate professionals but they will do or say anything just to get the seller to agree upfront. Make sure that any real estate professional you do business with is a member of the Better Business Bureau (BBB) and make sure their company is in good standing with their local state or city. A solid business will make sure these things are in order so that the public can feel confident in doing business with them. World Class Ventures, Inc. is a member of the Better Business Bureau and currently has an “A” Rating.
4.MAKE SURE TO UNDERSTAND THE AGREEMENT
If a listing/purchase agreement is 30 pages long and you don’t understand it or you feel utterly overwhelmed – Don’t sign it! A purchase contract should be easy to understand and shouldn’t require an interpreter to explain it to you. The agreement should translate to exactly what you agreed to verbally. At World Class Ventures, Inc., we use simple to understand agreements (2 pages exactly) because we believe a purchase agreement should be a document you can actually comprehend.
5. USE A CLOSING/TITLE/ESCROW COMPANY
Always make sure money and title are transferred through a 3rd party. If anyone offers to transfer a large sum of cash to you outside of title/escrow, you should think twice about it. At World Class Ventures, Inc., our process is always handled by qualified professionals. You need to use a reputable title and escrow company. Anyone who tells you otherwise I probably wouldn’t do business with.
6. DON’T LET SOMEBODY SELL YOU ON AN UNREALISTIC OFFER
Imagine sitting at a table with an agent or real estate investor and agreeing to a price. It’s just what you wanted, and you’re going to close in 30 days. On the 29th day you get a call from the agent or the investor telling you that they can’t close for the price you agreed upon, and they offer a much lower price. You’re strung out to the last day and you’re in a vulnerable position. You agree to take the lower price because you were expecting to close on that day. Sounds like a horror story? It happens all the time, and this term is known as a “haircut.” Agents tell their buyers they can get more for their property than they know they can get, and shady investment companies wait until the last day to tell you there is a problem. This was their plan all along and it’s absolutely shameful. World Class Ventures, Inc. will treat you with respect and dignity. Once we agree to a price we will do an inspection within a few days and let you know of any problems immediately. We will never hold you hostage. Listen to our customer testimonials. We love our customers and our customers love us.
7. GET TESTIMONIALS FROM PAST CLIENTS
Any professional who is serious about their service and credibility will get testimonials from their clients. If they lack testimonials, they most likely are not doing business the right way. Happy clients will offer testimonials, and they should be available upon request. At World Class Ventures., we have an endless supply of testimonials. If they can’t provide testimonials you should look elsewhere.