Need To Sell?
Read This First:
THE FORM IS AT THE BOTTOM OF THE PAGE. We recommend you read this first though.
Hi there, well if you are reading this then that means you want to know how much we will pay you for your house or other real estate. I need to warn you up front that can not pay full retail value for any property. We are investors and we typically resell what we buy, maybe not in the very near future but at some point we will and we need to profit when we do. We therefor have to buy below Fair Market Value or (F.M.V.) as we say. The fair market value is what a property should ideally sell for to a retail buyer looking for a new home to move into, and this is the full retail price you might say.
Now in case you are not aware of what the real estate market is like today I want you to be aware that many, perhaps most, home sellers are waiting several months to receive an offer on their home. Then assuming that buyer qualifies and everything works out with the home inspections and title search the transaction completes possibly months after that. Meanwhile during the time a home is on the market the price is typically reduced every month that goes by without a sell. We see prices drop $10,000. per month each month on market regularly. By the time the first offer is negotiated down by the buyer it has already been seriously slashed from where it started. Real estate brokers will tell you this is why it is very important to get the asking price right in the beginning. Many of you have already experienced this. When you couple the low numbers of buyers able to get financing or that can pay all cash with the high number of foreclosure properties competing with your home, this has created one of the worst sellers markets in history. You are most likely already aware of that. I apologize if I am stating the obvious to you. I need to assume that some people are not aware of this.
So why am I giving a lecture on this? Sorry but I do so because it is in your best interest to be educated on the market and how it affects you. We are not only buying houses in today's market but we are selling them as well. We do not price them to sit on the market for several months costing us money each month they don't sell. Just like you, we have to price competitively. Depending on how much work is needed to make the home cosmetically competitive as well there is often considerable expenses we have to allow for. When I evaluate a property I have to account for those costs as well as the taxes, insurance and other costs for every month the house is being worked on. After accounting for all associated costs, including marketing the house afterwords, I calculate a price I can safely pay you while still creating a small profit for myself. I do stress small as I don't make as much in this process as you may imagine. Hint, your real estate agent will probably make at least twice what I will in this process. I only tell you that because some may think that investors gouge people and take advantage. I know many other investors and I know this market we are all in. If I, or any investor, offers you a price that seems low to you it's only because of the competitive market. No one can afford to gouge you because their competition will take all the business.
As I said elsewhere on this website, I can only promise to do my best to find a solution for you. One that will work for both of us. I will make you the best offer I can without cutting my own throat. I hope that sounds fair enough.
Below is a form that we need you to fill out completely. Please be concise but give as much detail as you think is necessary for us to come to an accurate evaluation of the value of your property. We will do so as quickly as quickly as possible and try to get back to you the next business day. Please allow us 48 hours for this process. I do all this work plus a great deal more myself, (I wear many hats). I do understand the clock is ticking for us all so I'll get in touch with you as soon as possible.
UPDATE: As of this time we are currently limiting our purchases of short sale properties. we may make an exception for your property on a case by case basis. If I can not purchase yours I may be able to refer you to an investor specializing in short sells.
Hi there, well if you are reading this then that means you want to know how much we will pay you for your house or other real estate. I need to warn you up front that can not pay full retail value for any property. We are investors and we typically resell what we buy, maybe not in the very near future but at some point we will and we need to profit when we do. We therefor have to buy below Fair Market Value or (F.M.V.) as we say. The fair market value is what a property should ideally sell for to a retail buyer looking for a new home to move into, and this is the full retail price you might say.
Now in case you are not aware of what the real estate market is like today I want you to be aware that many, perhaps most, home sellers are waiting several months to receive an offer on their home. Then assuming that buyer qualifies and everything works out with the home inspections and title search the transaction completes possibly months after that. Meanwhile during the time a home is on the market the price is typically reduced every month that goes by without a sell. We see prices drop $10,000. per month each month on market regularly. By the time the first offer is negotiated down by the buyer it has already been seriously slashed from where it started. Real estate brokers will tell you this is why it is very important to get the asking price right in the beginning. Many of you have already experienced this. When you couple the low numbers of buyers able to get financing or that can pay all cash with the high number of foreclosure properties competing with your home, this has created one of the worst sellers markets in history. You are most likely already aware of that. I apologize if I am stating the obvious to you. I need to assume that some people are not aware of this.
So why am I giving a lecture on this? Sorry but I do so because it is in your best interest to be educated on the market and how it affects you. We are not only buying houses in today's market but we are selling them as well. We do not price them to sit on the market for several months costing us money each month they don't sell. Just like you, we have to price competitively. Depending on how much work is needed to make the home cosmetically competitive as well there is often considerable expenses we have to allow for. When I evaluate a property I have to account for those costs as well as the taxes, insurance and other costs for every month the house is being worked on. After accounting for all associated costs, including marketing the house afterwords, I calculate a price I can safely pay you while still creating a small profit for myself. I do stress small as I don't make as much in this process as you may imagine. Hint, your real estate agent will probably make at least twice what I will in this process. I only tell you that because some may think that investors gouge people and take advantage. I know many other investors and I know this market we are all in. If I, or any investor, offers you a price that seems low to you it's only because of the competitive market. No one can afford to gouge you because their competition will take all the business.
As I said elsewhere on this website, I can only promise to do my best to find a solution for you. One that will work for both of us. I will make you the best offer I can without cutting my own throat. I hope that sounds fair enough.
Below is a form that we need you to fill out completely. Please be concise but give as much detail as you think is necessary for us to come to an accurate evaluation of the value of your property. We will do so as quickly as quickly as possible and try to get back to you the next business day. Please allow us 48 hours for this process. I do all this work plus a great deal more myself, (I wear many hats). I do understand the clock is ticking for us all so I'll get in touch with you as soon as possible.
UPDATE: As of this time we are currently limiting our purchases of short sale properties. we may make an exception for your property on a case by case basis. If I can not purchase yours I may be able to refer you to an investor specializing in short sells.
Looking forward to talking with you.
Sincerely,
Steve Webster
P.S. There is a phone message version of this where you can leave us your information at: 800-653-9612 ext. 121 (You can enter the extension number at any time after my message).