Advantage Homebuyers 2

10/13/2022

10/09/2022

For Sale Needs work but owner will finance. Contact Advantage HomeBuyers through Instant Messenger

10/03/2022

2 Easy Tips for Quickly Selling a Hampton Roads House Located in A Bad Neighborhood!

People looking for tips on how to sell a home in a bad neighborhood often come across articles written by agents claiming they can sell any property in any location. The reality is that many people simply don’t buy houses in neighborhoods with increases in crime or that have become run down. But if you’ve got a property in this type of neighborhood and are looking to sell the property, what options do you have?

Fortunately, there are many things you can do to sell your Hampton Roads house in a bad neighborhood quickly and without worrying about the stress involved in dealing with real estate agents.

Tips For Selling a Home in a Bad Neighborhood

Find out what prices comparable homes are selling for. The first tip for selling any Hampton Roads home involves doing research into the housing market in your area. However, many people encounter a hurdle in this area. Real estate agents prefer not to disclose this information without having a person being a signed client of theirs. However, there are other ways of getting public information on property sales.

● Check with the local courthouse and public records searches. This often provides you information such as taxes paid in a neighborhood. Additionally, you learn about recent prices of homes sold in the area.
● Ask people who have recently moved into the neighborhood. Often if you are honest and forthcoming, you can easily get a rough estimate of how much they paid for their property.
● Talk to friends you might have in the housing market. Either in real estate or marketing and see if you can get a good idea from them.

Search for investors who buy homes “as is.” The second tip for selling a home in a bad or run-down neighborhood is to inquire about companies or investors who buy property as is and either rebuild the property or sell the land to developers. This is a great way to get a house sold quickly and without the hassles of dealing with real estate agents or the long-period of time that it traditionally takes to sell a home in today’s housing markets.

Real estate Investors like this offer Hampton Roads home owners many advantages including:

● Allowing them to sell their homes quickly and easily without having to pay expensive realtor fees or marketing their homes.
● Not having to spend money on replacing carpet, appliances, roofs, or any other area of your home. Most buyers require these repairs before buying an older property.
● A quick and easy sale providing you with cash for your house in a bad neighborhood. This eliminates the need to wait extended periods of time for closing and then paying additional closing costs as well.

One of the best tips on selling your Hampton Roads home in any neighborhood? Look for non-traditional methods of selling a property quickly. This makes it easier on your family for moving into a better location fit for your family and your future. Here at Advantage HomeBuyers of VA, most people consider our real estate home buying process is non-traditional. We can purchase homes with cash.

Give our team a call if you have any questions or would like a free quote on your home. We are here to help.

Contact us for a free, no-risk quote within 24 hours.

Get a Quick Cash Offer | Call 757-324-0443

09/18/2022

09/12/2022

What if Your Inherited House Needs Repairs?

By John D. Laudenslager

“Can I sell my inherited house for cash, as-is?” This commonly asked question often arises after someone has inherited a home that needs lots of work. The answer is ‘yes’, it’s possible. Home investors like Advantage HomeBuyers buy houses in any condition.
Inheriting a house in disrepair can quickly become stressful, rather than the gift your loved one intended it to be. Home repairs are expensive. The house might be old and dilapidated. If left vacant, it may have been vandalized.
The thought of removing remaining items in the house, paying for extensive repairs, cleaning up the mess to get the home in top condition and ready to sell, can be overwhelming. The stress builds as you think about how long the entire process might take, and the time, energy, and money it could involve.
In those cases, selling an inherited house for cash “as is” to a home investor can be the best solution for everyone involved.
How Much Will an Investor Pay for My House?
Before making a cash offer, an investor considers many factors when determining the value of your house and its current condition. The amount an investor pays for an inherited house varies.
How Do I Sell My Inherited House for Cash?
Investors start with evaluating the top market value of your home if it were in the best condition possible.
They also consider the current condition of the house and calculate an estimated cost for repairs. Any potential title issues or other legal obstacles will also be evaluated and considered.
Advantage HomeBuyers has years of experience buying inherited houses, and remains one of the largest privately held home buying companies in Tidewater. With years of experience and a dedicated team, they provide real solutions for their clients as well as a quick cash offer.
What Can I Expect if I Sell My Inherited House for Cash to Advantage HomeBuyers?
Clients who want to sell an inherited house fast discover that costly repairs are not a problem when working with our team. We buy houses as-is, and that means no hassle and a quick closing. Additionally, we specialize in title issues and work diligently to resolve complex family matters.
When working with Advantage HomeBuyers, expect professional, personalized services when selling your inherited house for cash. Submit the no-obligation Quick Offer Form now and find out more.
Contact us for a free, no-risk quote within 24 hours.
Get a Quick Cash Offer | Call 757-324-0443

08/28/2022

Things to Think About When Multiple Heirs Want to Sell a House
By John D. Laudenslager

It’s difficult to lose a loved one. When they also leave behind a property, it is typically with good intentions. However, oftentimes, complications accompany the inheritance as well, especially when you want to sell a house with multiple heirs.
Tips For Resolving Title Disputes
We’ve helped thousands of people resolve their contested heirship cases, and have seen that the most common cause for confusion in title disputes after a property owner dies is the lack of a will. You can’t sell a house until you resolve the title issues, so we offer some advice on heir property ownership.
Heir Property Ownership is when multiple people own a property because the deceased owner did not specify heirship in their will.
When a house is inherited and passed down, the number of interest holders increases exponentially with each passing generation. This increases the chances that the heirs do not:
● Live on or near the land.
● Live near each other.
● Know one another.
● Know how to locate one another.
● Have a connection to the land.
The more heirs that come out of the woodwork, the larger the chances are that you may lose the home. Here’s how to avoid that.
Solutions For Selling a House With Multiple Heirs
If you inherited a house with other heirs and there is no will, there are solutions to owning the property without increasing the amount of interests over time. These are the three primary solutions:
1. Buy out the other owners.
One solution is to buy out the other owners. When there are multiple interests in a property, it is common that they will have different desires for the same property. Some will want to sell, and some might want to hold on to the house. If you want to be the only owner of the property, you might consider buying out the share of your siblings or co-heirs. This option is most common when one of the heirs has a special affinity or attachment to the home.
2. Partition the property.
Another option would be for the heirs to partition the property. A partition is the dividing of lands so that they may be owned separately, and each partition can be converted to sole ownership rather than co-ownership.
Partitioning is great because each person gets sole ownership (of something), which helps avoid many of the conflicts that arise from joint possession. If the property is small, or cannot be physically partitioned for other reasons, then it can also be partitioned by dividing the proceeds from the sale of the property.
3. Sell the property for cash and distribute the money among the heirs.
This is another popular option for dealing with an inherited property, whether or not there is a will. The executor simply prepares the house for sale on the traditional market. This process allows the heirs to receive the most from the proceeds, but also requires a lot more time, money, effort and communication. You can also sell to an investor at a discount for cash if you need a quick closing. Many people end up going this route; a large percentage of inherited homes are sold to investors. In many cases, heirs just don’t want to spend the time and money to fix up the house for sale.
One of Advantage HomeBuyers’ clients, Peggy, was in a position where the family was not communicating well. Our client was the executor of the estate, and her and her siblings decided that selling quickly for cash and dividing it among the siblings would be the best for everyone.
Contact us for a free, no-risk quote within 24 hours.
Get a Quick Cash Offer | Call 757-324-0443

08/24/2022

4 Things about Foreclosure You Might Not Know

Facing foreclosure on your house? You probably already feel motivated to do something with looming negative consequences. However, there are additional consequences (and one potential benefit) many people do not know about!
Read below for 4 things that you probably didn’t know about foreclosure.
Foreclosure: 4 Little Known Facts
#1: The bank chucks all your stuff and does weird things with it.
If a bank forecloses on the home and the owner does not voluntarily move out (or they do, but do not remove anything from the house), here is what happens…
They drill through the door. Move all of your belongings into the yard. And give neighbors 24 hours to comb through and buy anything they want.
Your bills, mail, romance novels, memorabilia, and probably a few things you never thought anyone would see? It all goes onto the lawn. After the 24 hours, they put it all back into the house and companies will later bid competitively regarding who gets to clean it out.
#2: The bank makes more money if you keep your house, but sometimes they pay people to move out.
Banks make the most money when you pay your mortgage with interest. So, they are incentivized to work with you on your payments if refinancing is still an option. However, they may still pay you a small amount when they foreclose on your home.
Banks don’t want you to know this, but in some cases, they will pay you to move out. The program is called ‘Cash for Keys”.
Yes–they make the most money if you continue to make payments. That’s why they want to try to keep you in the home.
However, if they have to foreclose on it, they then try to make the most money they can in that situation. Many disgruntled homeowners trash the house when they find out they are being forced into foreclosure. Other times, the bank will simply pay you to ensure that you leave the appliances and make sure the house is clean by means of a written agreement.
In either case, it’s not much. Often, they will give about 1% of the home’s value.
#3: Foreclosures make people physically sick.
Foreclosures have several damaging effects on a person’s life; however, one that people usually do not consider is their health.
Researchers from the National Bureau of Economic Research compared data on emergency room visits and hospital discharges in four of the hardest hit states (Arizona, California, Florida and New Jersey) to foreclosure data from Realty Trac, a firm that monitors the market from 2005 to 2009.
They found links to anxiety, depression, stomach problems, hypertension and even higher su***de rates for those going through foreclosure.
#4: Foreclosures do not wipe out all of the debt owed.
Most people assume that a foreclosure wipes out the home debt in its entirety, but that is not the case…
Foreclosure actions wipe out some of the property owner’s debt, like the original mortgage (taken out at the time of the home purchase), HELOCs, and second mortgages. However, property owners are still obligated to pay HELOCs and second mortgage’s off in full if they are not paid out of the foreclosure proceeds.
In areas where there was a significant drop in real estate prices, some properties are worth less now than when they were originally purchased. If the homeowner does not have insurance protection in these cases, a court could obligate the owner to repay the difference through a deficiency of judgment.
If you are falling behind on your payments for whatever reason, consider working with Advantage Home Buyers to sell your house quickly for cash. In some cases, we are even able to stop foreclosure.
Contact us for a free, no-risk quote within 24 hours.
Get a Quick Cash Offer | Call 75 7-324-0443