Saturday, October 13, 2018
Wednesday, October 10, 2018
Welcome to Cash Home Buyers Dallas
One major benefit of Cash For Houses Garland Companies like ours is that we do not charge any realtor fees or commissions. Moreover, closing costs are usually picked up by our company too. Another huge advantage is our ability to buy your home in any condition. Cash Home Buyers Dallas has access to the funds to make a quick cash offer today!
Many realtors will not list a home if it needs substantial work. Homes that are fixer-uppers can be a serious liability for many sellers. This is why many homeowners these days are seeing the advantages of using us. No repairs are ever necessary, we close fast, we are not realtors!
Our process, from the beginning, is a no hassle, seamless process. You call us, we look at the house and determine what we can offer that makes since for all involved. If you accept our offer then we set a closing date at YOUR convenience. You get your CASH. Simple! 214-854-5638
Welcome to Cash Home Buyers Dallas
These days it is common to see signs that advertise Cash For Houses Dallas. Are these companies real and legit? And how does their process work? For many homeowners, the temptation of calling one of these companies is enormous. Home buying companies that offer this program have several strong advantages when homeowners are saying " Sell My House Fast Dallas ". The first is obvious; they pay with cash. Cash For Houses companies can close in as little as 7 days. Or at least we can and do! We Pay Cash For Houses In Dallas
Saturday, September 29, 2018
Best Foreclosure property listings in Dallas
Best Foreclosure property listings in Dallas
There’s a lot of information on how to find foreclosures in Dallas, and lots of places that will charge you for access to their listings. In fact, we have our own foreclosure property listings in [market_city] [market_state] right here. Join our Foreclosure Property Alert List here >>
But.......
Who has the best foreclosure listings in Dallas?
Foreclosure property listings in Dallas
Some national services – like foreclosure.com – are doing a great wonderful job consolidating information from many different sources. Investors, like us, use them all the time because it’s a lot cheaper and much faster to use their information rather than sifting through the classified ads ourselves. But the major drawback with online services is the information in them can be a outdated and useless for local investors.
You may be looking at foreclosures that savy investors got a hold to the info directly from the local courthouse weeks or even months ago.
We, as investors, can also use other sources too.
Lots of local, Dallas, real estate agents who “deal in foreclosures” publish their own lists, but these are often just local marketing gimmicks to trade your contact info for other goods.
There’s no harm in signing up for these free lists to give them a try – if the info is no good, just hit the unsubscribe button.
You may spend a lot of your time getting overly excited about properties that have already sold or are no longer available, but that’s part of the learning process when you’re just starting out in investing in the foreclosure market.
If you, consistently, aren't seeing any new or exclusive information on their lists, that you can’t get elsewhere, don’t keep using it
We’re not real estate brokers, so we don’t sell your information or give away useless lists.
The properties we advertise and send out to our lists are our own investments that we have picked up through local marketing or have a contract on, so it’s a very short but exclusive list to the Dallas area.
We’ve built a relatively small, really tight network of long-term property investors who like to purchase credible investment properties in Dallas Fort Worth.
We find deep discounted properties and pass them to our local Dallas investors – while keeping a reasonable profit for ourselves that allows us to stay in business.
Every time we lock up a great deal on a cheap foreclosure (or non-foreclosure – distressed house), we put it out to our buyers list in Dallas and sell it fast.
If you’re ready to buy and looking for cheap property, Sign up For Our Wholesale Investment Properties Dallas LIst – you’ll only hear from us with exclusive, discounted, off market deals in Dallas and surrounding cities you won’t find anywhere else.
Thursday, September 27, 2018
Saturday, September 22, 2018
Tuesday, August 28, 2018
Saturday, August 25, 2018
Tuesday, July 24, 2018
All You Need To Know About Being A Motivated Seller Of Real Estate Cash Home Buyers
Find out all you need to know about motivated sellers for real estate investing…
There is lots of talk about motivated sellers in real estate circles. So what is a motivated seller? Why are they so important to real estate investors? How do you find out who they are, and do deals with them?
WHAT IS A MOTIVATED SELLER?
Simply put, a ‘motivated seller’ is a property owner who is motivated to sell.
Motivated sellers are gold to real estate investors of all types. Especially property wholesalers. The theory is that the more motivated a seller is, the better deal an investor can get on the property. If a seller needs or wants to sell quickly they may sell cheaper, and really need the services investors can offer.
A motivated seller is typically in a time crunch situation. However, there some variations of motivated sellers.
To learn more about locating Motivated Sellers in your area, Click Here.
MOTIVATED SELLERS WHO ARE ACTIVELY MARKETING THEIR PROPERTIES
These are property owners who recognize the need to sell and are actively taking action. They may have listed their property with a Realtor, or be going the For Sale By Owner (FSBO) method, or somewhere in between. Or they may be actively reaching out to wholesalers and cash buyers online. This level of motivation and action has its benefits to buyers, but can mean there is competition as well.
SELLERS WHO SHOULD BE MOTIVATED
This group may be advertising their property for sale, but may not be as motivated as they should be. They may be facing upcoming deadlines, turns in the market, or other costs and risks, but may not fully appreciate the seriousness of their situation, and the downside of taking too long to sell, or asking for too much. This is a great opportunity for investors to step up, provide help, and hone their offer and negotiation skills.
MOTIVATED BUT NOT ACTIVELY SELLING
There are also many real estate owners out there who have or should have high levels of motivation but who are not actively marketing their properties for sale. They may be unaware of how motivated they should be, too busy to take action, paralyzed by fear of making the wrong choice, or just oblivious to the help available.
DISTRESSED PROPERTIES VS. MOTIVATED SELLERS
Distressed properties and motivated sellers are sometimes lumped together in one category and the terms get used interchangeably. However, these can be two different types of buyers. Distressed properties may be owned by motivated sellers, or not. Motivated sellers may have a distressed property situation, but not necessarily. Both distressed properties and motivated sellers can be good deals for real estate investors and wholesalers, but they do not always overlap. A run down property which looks physically distressed may not be owned by a seller who is motivated to sell at all. A motivated seller can also have pristine new property for sale.
WHO ARE MOTIVATED SELLERS?
Motivated sellers can come from any walk of life, neighborhood, level of education, and salary level. There are numerous reasons that property owners can become motivated, or should be highly motivated to sell.
Here are just a few of them…
1. DIVORCE
Law firm McKinley Irvin reports that there is a divorce in the United States every 36 seconds. That is 2,400 divorces per day, 16,800 each week, and almost 1 million every year. Note that the average time to remarry is 3 years. Divorce rates for 2nd and 3rd marriages rocket to 60% to 73%. That’s a lot of divorces. That doesn’t even count the unmarried couples splitting. Every time there is a separation there is need for new housing. And often new unions mean new housing needs too. Whether before, during, or after a divorce there can be tremendous motivation to sell real estate.
2. JOBS
Getting a new job, losing a job, or relocation by an employer can all mean serious motivation to sell a house. Few have any meaningful savings to get them through periods without income or to juggle two mortgages.
3. PHYSICALLY DISTRESSED PROPERTY
Whether due to property age, deferred maintenance, storm damage, fire, flooding, vandalism, or buying a property with hidden issues, there are millions of distressed properties out there. These issues can quickly accumulate costs, fines, bills, and violations. Many can’t afford to fix the issues.
4. ESTATES
Another area of motivation is when nearing the end of life or inheriting property. Often heirs can’t or don’t want to care for a property. They need to sell fast to avoid it becoming a financial drain, or losing the inheritance altogether.
5. FORECLOSURES & FINANCIAL DEFAULT
Foreclosure may be one of the most common motivated seller situations. Foreclosure is commonly automatically linked to falling behind on mortgage payments, but that is just one reason people fall into foreclosure. Underwater mortgages, balloon mortgages, fraud, property tax delinquency, code violations, failure of insurance companies to pay claims, and even income tax issues can all lead owners down the road to the brink of losing their properties.
6. REAL ESTATE AUCTIONS
Real estate auctions are definitely a place you’ll find motivated sellers. This may be creditors auctioning off properties, or owners and agents seeking a fast way to move real estate.
7. BUILDERS & INVESTORS
Builders and investors can also be highly motivated sellers. Builders and developers are on tight timelines to move units. Investors of all types can come under pressure to shift assets off their books too. This may be due to regulations, poor marketing, rising costs, changing market dynamics, or personal issues. This may bring the opportunity to pick up deals in bulk.
8. TAX LAW CHANGES
Tax law changes have often been big motivators to sell. When tax rules change investors may need to beat deadlines before their liability goes up, or before the property becomes less attractive to other buyers. Note that interest rate hikes can also have similar affects.
9. MOTIVATED REFERRAL PARTNERS
Don’t overlook motivated referral sources either. There are many professionals and businesses which are constantly dealing with motivated and distressed sellers, and who may also have a high level of motivation to get their contacts to take action. This may include; attorneys, financial advisors, mortgage loan officers, bank managers, real estate agents, other real estate investors, and more. These leads may include expired listings, borrowers turned down for loans, executors of estates, and others.
Again these leads can come from any neighborhood, anywhere in the nation from the most expensive to the most affordable. The best at mastering these opportunities will be those that get food at finding motivated sellers, being found by them, and who can anticipate who will be facing the most motivation next.
NEGOTIATING WITH MOTIVATED SELLERS
Negotiating with motivated sellers can be incredibly easy, or very challenging. Here are some of the keys to successfully negotiating real estate deals with these owners.
CREATE WIN-WINS
Both sides should be benefiting from the deal. Remember that they do not have to sell. In fact, many will let their properties be lost, rather than take a deal which they feel is just taking advantage of them. While you should strive to provide help, you also have to make a deal that makes sense for you, and serves your end buyer too. Create win-wins.
UNDERSTAND THE SELLERS’ NEEDS
It’s hard to make progress in real estate negotiations unless you understand their needs. They may need to satisfy certain debt obligations. They may need to get other people on board with the sale. They may need somewhere else to live. In the case of bank REOs your negotiator may have to satisfy bosses, and shareholders, and regulators. The seller may need to close by a certain date. Unless you can meet the absolute needs you’ll be trying to pound a square peg in a round hole.
Get More Info On Options To Sell Your House...
Selling
a property in today's market can be confusing. Connect with us or submit your
info below and we'll help guide you through your options.
What Do You Have To Lose? Get Started Now...
We buy houses in ANY CONDITION in TX. There are no commissions
or fees and no obligation whatsoever. Start below by giving us a bit of
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Monday, July 23, 2018
What Exacly Do Real Estate Agents Really Do Anymore? Cash Home Buyers Dallas
Today I want to take a tangent and discuss real estate — specifically real estate agents. I have a good family friend that is looking to buy their first home, and their experience hasn't been easy. That's not to say that buying real estate is ever easy, but dealing with a real estate agent should be easy. That's what they're there for!
Beyond my friend's transaction, I started thinking about my experiences in real estate, as well as discussions I've had with friends and family. Without a doubt, real estate has drastically changed over the last 20 years — even over the last five years since the mortgage debacle. And all of my conversations seemed to point to one conclusion — what do real estate agents really do anymore?
Before you jump to conclusions – I'm not advocating you skip an agent. They still bring some value to both buyers and sellers. What I am going to talk about is what they are supposed to do, what they do looks like in practice, and what value their services should cost.
Let's break it down.
What Real Estate Agents are Supposed to Do
The first thing we should look at is what real estate agents are supposed to do.
According to the National Association of Realtors, a buyer agent should:
- Provide you with information detailing current market conditions
- Help you with financial information, such as how much house you can afford
- Guide you through the home purchase process, including getting financing and what information you'll need to provide
According to the National Association of Realtors, a buyer agent also can:
- Help you understand: real estate values, taxes, utility costs, municipal services and facilities, and local zoning ordinances
- Research homes for you using tools like MLS (Multiple Listing Service)
- Show you homes best-suited to your needs
- Facilitate the negotiation of a home purchase
If you're selling a home, here's what a real estate agent is supposed to do for you:
- Provide up-to-date information on the market to determine a reasonable asking price
- Show you the terms and conditions of competing properties
- Develop a marketing plan that could include repair suggestions, open houses, advertising, etc.
- Provide security for your home when it is being shown to strangers
- Negotiate the best price for your home
- Monitor the sale process, renegotiate as needed, and resolve issues prior to closing
Now that we have a good baseline, let's take a look at what they really do.
The Internet Has Eliminated Most Private Information
It used to be that real estate agents had a secret weapon of information: the MLS. With this private/paid tool, real estate agents could list properties, see transaction histories, and get market analysis. If you, as a buyer or seller, wanted that information, you had to pay for it — in terms of hiring a real estate agent to represent you to get the goods.
However, today, there are 50+ real estate websites that publicly display that same information. You want market comparisons? Check out the recently sold section of Zillow.com. Is that comp really a comp? There are pictures for you to check out as well!
Beyond using these mainstream websites to do your own research, let's look at how the buying process looks in reality. If you want to buy a home, you'll typically contact an agent who will ask you for all the criteria you're looking for in a home. That agent will then take that information, and set up an automatic screening for you in the MLS. Then, each day, you'll get an email digest of all the homes that have come on the market that match your criteria.
While this is a handy tool, the same information can be found publicly. In fact, I look at this more as a way out of having a real estate agent showing homes. In fact, I rarely hear about real estate agents actually taking clients to homes anymore — it only happens on House Hunters. Instead, what typically happens is that the clients do their own research, and then simply tell their real estate agent which houses they'd like to see.
Want tax information? It's online. Want local parks and school ratings? It's online. Want to know about crime in your area? It's online. What to know how the neighbors are? Sign up for Neighborhood.com and get a glimpse yourself.
But I'm getting ahead of myself . . . .
Do You Even Need a Real Estate Agent to View a Home Anymore?
Beyond the MLS, many properties are now coming to market with their own websites that have hundreds of pictures of the house. Some even go as far as putting together virtual tours of properties so that you can get a real sense of things.
However, viewing properties online will never replace checking out a property in person, but there are open houses, or you could simply go to the house and peek in the windows!
The only time you actually need to call a real estate agent is if you want to get inside the house without breaking in! And by that point, you've probably already short-listed the property.
So You've Found the Home — They Help You Negotiate, Right?
In my own past, I've put in offers for roughly a dozen different pieces of real estate, and never have I really felt that a real estate agent negotiated for me.
The conversations typically go like this:
Me: I'm thinking about putting in an offer.
Agent: How much do you want to offer?
Me: What do you think I should offer?
Agent: Well, the seller has it listed for this, and the comps look like it could go for this.
Me: Well, what do you think?
Agent: Well, offer what you're comfortable with.
Me: Thanks for being so helpful.
Do you see my point here? I've watched enough Million Dollar Listing shows on Bravo to understand it doesn't usually work that way. I've never had a agent tell me they think they can get me “this great deal,” or that “we should go in at this price.” I've found that real estate agents have simply become messengers — just doing what they're told by their clients.
But They Help With Financing, Right?
Nope. Every real estate agent has a mortgage broker that they work with. 90% of real estate agents have no clue what they're talking about when it comes to mortgages and financing options. They'll simply refer you to the mortgage broker that they know.
I don't know what the agreements they have look like – but I have a hunch there is something. For example, on a deal I recently looked at, the sellers agent made me get prequalified with their mortgage broker to even consider presenting our offer to their client. It felt extremely dirty – and the sleezy mortgage broker just put us on his list and hounded us for months until we finally got out number removed.
If you don't know how much house you can afford, you need to head over to websites like Bankrate.com, and use their free calculators. If you're still not sure, contact your favorite bank and see what they say you can afford. Don't just take your real estate agent's word for it.
Plus, there's online mortgage lenders now that will help you without ever setting foot into an office somewhere!
Real Estate Agents Do Monitor the Transaction
Some of it they do. Actually, there is a new trend in the real estate transaction game: real estate transaction coordinators. For the last two properties I've worked on, once the offer is signed by both parties (the buyer and seller), the real estate agents disappear and you start dealing with a transaction coordinator.
The great thing is that the transaction coordinator is typically the smartest person that you'll deal with in the transaction — they're organized and efficient, and know exactly what's going on with all details of the transaction and what needs to be done.
Chances are, if you call your real estate agent to check the status of the transaction, you won't get a call back until the agent checks with the transaction coordinator.
Shoot, the transaction coordinator basically tells the real estate agent when they have to do something at this point — open the house up for an inspector or appraiser, or get the buyer or seller to sign a paper. The real estate agent typically has no clue about the details.
Talking to my parents, they were telling me it used to be the agent who did all the paperwork and ensured that everything was complete from start to finish — not a third-party.
So Let's Look at Our List
Buyer agents:
Provide you with information detailing current market conditions— Zillow.com and Realtor.comHelp you with financial information, such as how much house you can afford— Bankrate.comGuide you through the home purchase process, including getting financing and what information you'll need to provide— transaction coordinator
Buyer agents can:
Help you understand: real estate values, taxes, utility costs, municipal services and facilities, and local zoning ordinances— Zillow.comResearch homes for you using tools like MLS (Multiple Listing Service)— Realtor.com- Show you homes best-suited to your needs
- Facilitate the negotiation of a home purchase
Seller agents:
Provide up-to-date information on the market to determine a reasonable asking price— Cash Home Buyers DallasShow you the terms and conditions of competing properties— Realtor.com- Develop a marketing plan that could include repair suggestions, open houses, advertising, etc.
Provide security for your home when it is being shown to strangers— This just doesn't happen oftenNegotiate the best price for your home— See my story aboveMonitor the sale process, renegotiate as needed, and resolve issues prior to closing— transaction coordinator
So What Do Real Estate Agents Really Do Anymore?
Well, if you look at our list, it appears that buyer agents simply show you houses and give you the appropriate documents for the purchase. As we discussed, they also only show you houses that you tell them to — there is no real work on the real estate agent's part to do this.
As for getting the appropriate documents — some people still do sell their homes themselves. In fact, it's a trend that is growing in popularity. Since most documents for a home sale are standardized, you could buy or sell a house without using a real estate agent.
As for selling a home, a real estate agent typically is a marketing guy. That's it. When selecting a seller agent, make sure that you're looking for the best marketing person you can find — who cares if they know what your house is worth, you'll have to do that part yourself.
This Is Always Controversial To Real Estate Agents
A few times a year, this post comes up in circles of real estate agents and it always strikes a cord. Some agents are happy about this post (in the minority), because they understand the modern day client, the way things are progressing with technology, and realize they need to step up their game to provide value to the transaction.
Sadly, I get more upset agents that read this and think I'm a terrible (or stupid) person for writing it, or I clearly dealt with “bad” agents. Maybe I did – in the big scheme of the United States, I've dealt with and worked with maybe a dozen different agents in my life (buyer, seller, other party's agent, etc).
What I think it really comes down to is justification of value. Let's take the sale of my home – $1,000,000. Did the agent really earn $50,000 for the work they did (or really, $25,000 because of the split with the buyers agent)? Did they do more work for me that when I sold my $200,000 condo and only earned $10,000?
I'm not purporting that people sell their homes themselves OR not use a buyers agent. I think as someone using an agent for both sides of the transaction, you need to assess the value you receive, and ensure that the compensation reflects that. I fully realize that the agent has fees involved, especially the selling agent. There's photos, drones (today), time, not to mention the overhead of licenses, insurance, splitting fees with their broker, etc. All that means is that agents need to bring value more than ever.
If they want to earn their commission, they have to do more than add their clients to the MLS, send them automatic updates, and go to a showing. Or if they're selling a property, they need to be marketing, and not just data entry into the MLS system.
What do you think? Are real estate agents worth a 6% commission? I've never passed 5%, but even that's pushing it to me . . . . .
Get More Info On Options To Sell Your House...
Selling
a property in today's market can be confusing. Connect with us or submit your
info below and we'll help guide you through your options.
What Do You Have To Lose? Get Started Now...
We buy houses in ANY CONDITION in TX. There are no commissions or fees
and no obligation whatsoever. Start below by giving us a bit of information
about your property or call 214-854-5638...
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