Friday, April 4, 2014
Tuesday, December 13, 2011
How One of the Teachings of Jesus Will Help Sell Houses Fast
Forgive me if everything reminds me of real estate, even the Christmas Season, but Perhaps you have been wondering which teaching of Jesus will help you sell houses faster this season, next year and beyond.
This was dramatically brought home to me in the last week when I got a call from a gentleman in New Jersey who was interested in one of the homes we had on the Internet.
He was affronted that with owner finance for the home for 30 years that he would wind up paying three times as much money as the house was selling for right now.
Well, I have been to so many closings where the closing agent has the buyer sign a truth in lending statement which points out this same thing, that it was no surprise to me. Over time the interest adds up. In the first many years of a 30-year mortgage most of what you pay is interest and the principal balance goes down slowly until you are years and years into the pay back of the loan.
Question Everything: Everyone Might Learn Something New
If you are experienced in mortgages, you just know this. But, demonstrating one of the teachings of Jesus, the New Jersey gentleman was having none of my answer that “that’s just the way it works with a mortgage.”
He kept saying, “what if.” And I kept saying, “that won’t work” until he came up with a sensational idea for the sale and purchase of a home that I had never considered.
His idea cuts the interest down by about 80 per cent and reduces the time to pay for the house to about five years and totally eliminates the need to get or qualify for a loan or come up with the full amount in cash. Okay, we are still working out details, but it is a great idea that I had never considered in two decades in real estate and doing some pretty creative things.
In Mark 10:15 we are told that “we must become as children if we will enter into the kingdom of heaven. ...” This has nothing to do with age regression. It means rather that we must accept new information with an open mind. A mind that has not already decided what is possible and what is impossible.
Open Minds Lead to Fuller Pockets, but Not for The Bank
I encounter this all the time. And in an age when almost no one can get a bank loan, the need for an open mind and creativity has never been greater.
I have frequently said that the first thing you should do when you receive a real estate contract is to sign it. And perhaps both ideas get at the time result.
If at all possible, when you get an offer on a house you are selling, read it like a little child, looking for what can be done and not looking for and knowing what cannot.
Sign the contract, and then (do not return it signed—not yet) go back and make the changes that will make it acceptable and workable for you. Don’t abandon ideas just because you have never heard of them. And if real estate is not something you are involved in all the time, consult an attorney who is board certified in real estate. Do not misunderstand. The contract may not work now and may never work. But accept it with an attitude of how can we make this work.
If you are trying to sell a home, and nothing has worked, perhaps by displaying the spirit of the season, you will manifest a real estate sale. For a series of articles on selling a house faster, visit The One Great Deal Website
Sunday, March 7, 2010
How to Sell Your House FAST to the "We Buy Houses Guys" Safely
The signs have been around for probably three decades, but like everything else, you only see the things that are of immediate importance to you. While anyone can buy and sell houses in the United States most people only buy and sell the house they live in or expect to live in.
Buying houses without the expectation of living in them—as a business, really started to take off about 30 years ago when a number of seminar speakers crossed the county selling training in buying and selling homes for profit.
Like any business, you can expect a number of the people who buy houses to be skilled, honest professionals and others not so skilled and some—that you would want to avoid.
The bottom line is that some of these people can in fact help you sell a house quickly, sometimes in a few days, and solve problems. Others, I have found, will not even answer the phone or call you back, if you call and leave a message. Strange as it may seem, I have found that this reluctance to follow up on a lead happens in a number of areas in sales.
So the first thing I would suggest in selecting a House Buyer to deal with is call several, see who answers the phone, and see who comes out to your house and arrives when they agreed to arrive. Not high tech, but a good start.
Who am I to tell you how to sort through these guys? I happen to be one of them and have been doing creative real estate for two decades in Florida, was previously a stock broker and financial reporter for the Chicago Tribune. It is sort of like going to a hacker to find out how to make your computer operation safe.
And as one of them, let me assure you there are good, competent people, who are able to raise the money it takes to buy and are knowledgeable of the way real estate works where you live.
There are also, and always, waves of new people who are learning how to buy houses and some of the people who need to sell a house fast will be helping these newcomers learn the trade.
In addition to seeing if they answer the phone and actually arrive at the time agreed for an appointment, I would want to know how long the person has been buying houses and how well they do it. In the second installment of this series, we will look at methods of checking them out and in the third article we will be looking at phrases in the contract they offer you that you may want to avoid.
One of the biggest plusses that the best of these guys and gals will bring to the table to help you is that they have been taught that there are a number of ways to sell a house, methods that have been used in commercial real estate for years but that are rarely used in residential real estate.
I learned the use of these creative methods the hard way twenty some years ago when I lived on the East Coast of Florida and unbeknownst to me had bought a house in an area where a garbage burning incinerator was planned. It was to be built about a mine from where my house was and when I was ready to sell the house to move to the Tampa Bay area, I could not sell.
Everyone knew of the plans when I was ready to sell and no one wanted any of the houses in my area. I finally left the house with a real estate agent and moved while bearing the cost of two homes.
While a lot of real estate agents do not like creative real estate, my agent was knowledgeable and suggested a way to sell my house. We were scarred, but after thinking about it we sold and it worked out fine.
There was a risk in what I did then and a risk in any creative answer to a real estate sales problem, but my experience was want eventually sent me into the We Buy Houses business and in the next several articles we will tell you how it may help you and discuss the risks.