Need to sell your house fast, but don’t know how to negotiate the prices? This is an obstacle every homeowner faces while thinking about selling their homes. As it’s one of the biggest financial transactions you’ll need to think about various points before actually selling it. Several factors come into play while you work on pricing your home. Factors like commissions, closing costs, etc. make up for the final price hence, you may want to consider negotiating. You can use these negotiating strategies to sell your house fast.

Oppose at Your List Price

As a seller, you will never accept an offer that’s less than the asking price. Potential buyers usually look for a back-and-forth negotiation that ultimately results in settling for a lower price. In this case, the seller usually makes a counteroffer that’s a little higher, but still below the listing price. The seller counteroffers because they fear losing a potential buyer. Applying this strategy will surely help you close the deal. As this is a possible way to sell your house fast it won’t give you maximum profits.

Here, instead of dropping the price, you can stick to your listing price. If there’s a buyer who really wants to purchase the house then they will come back with a higher price. Although, the buyer will only come back if you’ve set a fair price for your house.

Repudiate the Offer

If you consider yourself bold enough you can try another negotiating tactic which is rejecting the offer. Rejecting means you won’t be able to make a counteroffer at all. If you want the buyers to still be in the game you can ask them to submit a new offer. If they still want the house and you haven’t put them off, they might come up with a new offer. This strategy will require you to be strong on your verdict. Also, you must be able to justify the property’s worth.

When you reject an offer you are not legally barred from a negotiation with a particular buyer. You can accept a higher offer if it comes along. When a buyer knows there can be another buyer with a better offer it automatically creates pressure to resubmit quickly. Furthermore, this strategy only works if your home has been on the market for a short duration or if you have an open house.

Add an Expiration Date on Your Counteroffer

Let’s say a buyer submits an offer that you don’t want to accept and you counter their offer. If this happens, you’d be in terms of negotiation with that particular buyer. In this case, it’s unethical to accept a better offer from another buyer although it’s not illegal. It is possible for you to be a part of multiple negotiations with multiple buyers. Eventually, it’s the seller’s prerogative to disclose or not disclose information to the prospects.

A seller can legally counter more than one offer but they must include suitable language considering the situation. With a will of selling your house fast, you may want to put an expiration date on the counteroffers. Also, be considerate of the deadlines, since a short duration may result in a turn-off for the buyer. If the default expiration is four days you can shorten it by three days.

While you have an outstanding counteroffer, your home is off the market. Most of the buyers won’t submit an offer if the other one is on negotiating terms. Here, if the deal falls through, you’ll be adding more days to your home sitting on the market. If your home exceeds a certain amount of time it becomes less desirable to buyers. So, adding an expiration date to your counteroffer will push buyers to make a faster decision.

Accept to Pay the Closing Costs

Nowadays, it has become a practice for sellers to ask for closing costs. The closing cost can anywhere be up to 3% of the buying price. While paying the closing costs buyers usually feel cash-strapped. Paying moving expenses, down payments, improvement costs, and even closings can make a hole in their pocket. Sometimes buyers can’t afford to pay the additional closing cost without assistance.

When a buyer submits an offer and asks the seller to pay the closing costs, you can counter it by asking for a higher purchase price. This can also translate into asking for a higher price than the initial purchase price. Usually, buyers fail to realize when they ask sellers to pay the closing cost they’re actually lowering the home’s worth. The catch is, if you increase the asking price post paying the buyer’s closing cost you’ll still end up with a good amount.

Bottom Line

The way to successfully execute these negotiation strategies is to have an excellent product that justifies its price. Your home must be in a spotless condition and you must be able to make fast decisions. If you want to sell your house as-is and want to avoid negotiations then get in touch with Elite Properties. We are a cash buying company which means we offer fast closings and a no-obligation offer. Call us at 718-977-5462 today to sell your house fast for cash.

Your kids have moved out, and it’s probably time for you to think about downsizing your home. You might want to consider staying in a house with fewer rooms and accessible facilities. Furthermore, the extra space in your house determines the equity that can potentially be converted into cash. Additionally, make sure you ask these 4 questions while selling your house for retirement.

#1 What Is The Reason To Sell Your House?

Selling your house to a cash buyer in NY may seem like the best option. Although, you may still want to consider looking at financial numbers while seeing other options. Selling your house is not only about making money but also making your life easier post-retirement. If take a look at the statistics, according to a study it was shown around 64% of seniors chose downsizing to lower their monthly expenditure on housing costs. Whereas, around 44% stated owning a huge house is too much work and maintenance.

When you decide to sell a house you are inclined to buy a house of your choice as you have definite advantages over young buyers, how? Starting with you likely have more cash to offer, school districts are not an obstacle, and living near your workplace is not required anymore. All of this is a bonus while you hunt for a property of your choice.

#2 What Is Better While Retirement, Buying Or Renting?

Buying a house may sound like the safest option while planning your retirement. Although, there are some touchdown points you may want to consider. In some cases, renting is the most feasible option. To begin with, renting a house makes sense if you want to save the constant repair costs. Furthermore, renting promises a predictable monthly expense flow making your life much easier. It enables you to even change your mind and change the current house or just look for more space, fewer amenities, etc. Also, if you plan to move out of the city or even the country you have the liberty to do so when renting. 

#3 Is Piling Up Extra Cash For Retirement On Your Mind?

Most of the retirees who downsize soon discover expenses they never knew about. Moving altogether can be a lifestyle change as you might live in new weather, clothing, furniture, etc. Although, downsizing from a huge bungalow to a condo can result in a significant amount of savings. 

#4 Do You Have Enough Funds To Fix Up Your Old House?

Let’s get it straight, the longer you live in a house the more difficult it gets to sell it later. Furthermore, selling the property can be an expensive undertaking as it will definitely require improvements. If you don’t have enough funds handy to renovate your house or take up any new improvement project, it is best to sell house as-is for cash. Selling a tenant-occupied property for cash will save you from the extra costs and troubles of selling your house the traditional way.

Conclusion

If you want to avoid the hassles of falling into the straining home-selling process, you may consider selling your property to a cash-buying company. At Elite Properties, we buy and sell properties online and provide a no-obligation offer to our customers. Selling your home to a cash-buying company will give you hard cash in return. Sell your house as-is and save that extra money from drowning in real estate agents and home improvements. Call us today at 718-977-5462 and our experts will offer you the best solutions.

We know there are many reasons to enhance the curb appeal of your house and increase its resale value. Many homeowners, although, are not aware of the reasons which may reduce the house’s worth. Selling your house needs a lot of attention either with the upkeep or the functional aspects of the structure. A buyer on the other hand will check the aesthetical appearance as well as the condition of the house.

Factors like bad location, old construction, and crime rates can potentially lower the value of a house. It is a well-known fact that a good house will never sit in the inventory for a long time. If you are a seller and want to sell properties online, you must check the ‘5 Reasons That May Reduce The Value Of A House.’

Following are the points which may reduce your home’s worth –                                  

1. A Shabby Exterior Facade

If you want to sell a home fast for cash, a good-looking exterior is a must. Potential buyers pay attention to the exterior surfaces as nobody wants the extra maintenance cost while buying a house. As wisely put,

‘The first impression is the last impression it applies in home sales as well.”

According to a survey, potential home buyers only take 10 seconds to like a property, just by looking at its exteriors. Conclusively, it is always good to maintain the home’s exterior beauty to sustain its value in the market. Adding a fresh coat of paint, mowing, and cleaning the lawn may make a huge visible difference.

2. Inefficient Energy Ratings

Since 2018 energy performance certificates were introduced in the market to comprehend the energy efficiency of a house. Energy efficiency is correspondent to the pricing of a home, the higher the ratings higher the property prices will be. It is illegal to sell or put your house on rent if your energy-efficiency rating is below ‘E’ on the unit. Many buyers end up purchasing the property and paying huge electricity bills reason being the poor energy ratings. A good energy rating can shoot your home’s worth by approximately 14%, which is a great profit margin for home sellers.

3. Poor Locality

A locality is a compilation of good schools, hospitals, and departmental stores, no crime rates, and easy access to multiple places. To sell your house fast for cash in NY it becomes essential to have basic amenities accessible. A study shows how proximity to certain places can decrease your home’s worth by a specific amount of percentage (sources).

• Bad school – 22%
• Strip clubs – 14.7%
• Homeless shelters 12.7%
• Cemetery – 12.3%
• Funeral homes – 6.5%
• Power plants – 5.3%
• Shooting ranges – 3.7%

If your home is around these places you’ll have to work more on the aesthetics so that no one walks past your house. Additionally, foreclosures in the neighborhood make a bad impact on the home sale. While selling your house, appraisers look at the comparable selling price in the neighborhood. The equivalent price played an important role in estimating your property’s worth and foreclosed houses may turn down the appeal.

4. The Escalating Mortgage Rates

The formula of home selling predominantly depends on the mortgage rate in the market. A high mortgage rate means fewer buyers whereas; a low mortgage rate means more buyers. Potential buyers usually start their hunt when mortgage rates are low as the monthly repayment fits into their budget.

Home affordability decreases for buyers when the rates are high as they pay extra over the life of a loan. As a seller, increased mortgage rates don’t help you to sell your house fast. Your home isn’t valuable for buyers because they pay extra on the home as well as the mortgage repayment.

5. Additional Points To Consider

We’ve spoken about a house’s aesthetics or curb appeal, which plays a huge role in home selling. There are certain things that lower your house’s worth like installing a pool, doing excessive DIYs, cluttered rooms, poor HVAC systems, etc. 

There are specific things to keep in mind before listing your home on the market –

• Take care of the plumbing and upkeep
• Remove the shabby wallpapers
• De-clutter your house; get rid of the extra things in your home
• Keep the decor to a minimum
• Remove the carpets which cover the whole floor
• Mow and clean the lawn, whether it’s a front or a backyard
• Get rid of invasive plant species or climbers
• Keep your pets at pay (while walkthroughs)

We comprehend a house is not just a structure it also has many memories attached to it. Suicides or violent deaths in a home can be a big reason for people to back out from buying it. It is advised to disclose little details to build transparency with potential buyers to avoid hassles later.

The Takeaway on the Value of a House

Selling a house is a daunting task and there are multiple things that may add to and reduce the value of your house. If you want to sell remodeled houses or you want to sell your house as-is, get in touch with Elite Properties. We buy houses for cash which allows you to employ the yields of the sale as per your preferences. Additionally, we buy houses in any condition that eludes the hassles of maintenance and legal processes.

If you have other queries related to the topic or you want to know more about the home selling process call us today at 718-977-5462.

Selling Your Home as is for Cash doesn’t have to be costly. Your home is a big asset and you wouldn’t want to spend a lot and get less than the desired value. You might be thinking that selling a house will be expensive and never-ending, which is partially true. However, we would like to tell you how you can find ways to save money while selling your home quickly and cherish the yields of the sale.

Sell Your House for Cash

Selling your house for cash is the most feasible solution while selling your home, how? Selling a house for cash has several perks, the sale closes in a much faster timeline, which allows you to proceed with your timeline. Second, if you choose Elite Properties you can sell your house within 3 days, so if you have a tight deadline, you have a solution. Third, you are offered an all-cash offer which means you have immediate cash for your next purchase.

Avoid Real Estate Agents

As much as real estate agents are saviors in the home selling process sometimes it’s better not to pick them.

Why?

Hiring a real estate agent has many pros, but in the specified situation, there are none. When you hire an agent you are automatically liable to pay the fees in multiple facets like commission and sale profits. Paying additional costs might decrease the value of your sale and would not produce any profits. In the worst-case scenario, you would end up spending a lot rather than saving. Also, an agent will take his or her time to make a fast-paced sale which will again cost you dollars.

For Sale By Owner

A ‘For Sale By Owner’ or FSBO listing is one thing that is accessible while trying to save money. The process can save you loads of money and can guarantee a profitable sale. There are many phases to such kind of a sale like; walkthroughs, attending prospects, marketing your property, etc. which will be solely done by yourself. Handling all these things at once might be challenging as it consumes a lot of your time. As a drawback, conducting showings and attending prospects personally will hamper your daily routine. You’ll have to perform repairs by yourself instead of a handyman, remember leave no space for any glitches.

Although, you can utilize the digital era to your advantage, taking pictures of your property (some exclusive drone shots) will help entice prospective buyers. You can list your property online for free on social media platforms that will serve you in gaining positive attention. By doing this you are cutting the costs of hiring a photographer and a broker which typifies an expenditure of more than a hundred dollars.

Sell House With Repair Discounts

Selling your house with repair discounts is the finest option to get away from a rugged property. If a part of your house is in bad condition or requires a little more than repair, you can list your property with a repair discount. A repair discount is when you sell your home by cutting a little chunk of the amount as a credit to the buyer to make further renovations. So instead of spending your equity, you can let the buyer make renovations according to his or her desired taste. Also, when you make repairs on your own the estimate will add construction costs, which is a mandated expense to your budget. You can sell your house in as-is condition to buy houses from cash companies it is one of the best options rather than doing repairs by yourself.

Consider DIY

As stated above doing things on your own will save you from bleeding dollars from your pocket. Your home is probably functioning great but what about aesthetics? You would require a painter, a handyman, and for minimal repairs probably a plumber. Hiring people for each job can be time, energy, and most importantly money consuming. Consider the ‘Do It Yourself technique, you can perform many things on your own like painting, cleaning, staging (if required), and repairing. This will work like magic on your estimates, as a result, you’ll save thousands of dollars, which helps in retaining your equity. Although DIYs are fun to do, you also have to keep in mind they will require all your efforts and time which you are surely running out of.

Sell Your House As-Is

Selling your house as-is is a better option than FSBO, how? FSBO listing will take up a lot of your time and energy whereas selling your home as-is will need none. This process doesn’t require a lot of time or any legal documentation as well. Selling your house as-is to cash buying companies will offer you a fair market value of your home by considering the condition of your house as well. They will also propose to you an all-cash, no-obligation offer which is a cherry on the cake.

If you want to sell your house fast for cash or have any queries regarding the real estate crisis we will be happy to help you. Get in touch with us today to learn more about ‘How can you save money while selling home’. Reach us at 718-977-5462 and we will provide quality solutions for all your problems.

When you are stuck in a rut and have no money to do the existential repairs, opt for selling your house as-is. Selling house as-is doesn’t require improvements before selling to companies that buy houses in any condition. You might be thinking how do I sell my house as-is fast? We have a complete plan of action that serves your purpose of a quick home sale. Scroll down below to see how selling as-is the best option in your tough times.

Selling Your House As-Is, What Does It Mean?

Selling your house as-is means: a seller selling the house in its existing condition with flaws and undone improvements. As-is defines “as it is”, which means the seller won’t pay any additional costs in doing the costly repairs. While transaction the seller and buyer should be in complete mutual agreement of the deal. The buyer has to sign a legal document which indicates he or she comprehends the conditions of the contract and is ready to buy house in any condition.

Why Selling Your House As-Is Is An Option?

There are many reasons why people choose selling house as-is as an option. Home sellers opt for this option where they find themselves in a situation where they cannot afford improvements or have a tight timeline in terms of migrating due to work. In such cases, people tend to sell house fast to exclude the troubles of getting into legal processes, additional closing and repairing costs. Some instances are also emotionally drowning where selling your house as-is is a wiser pick.

For example: when a couple ends up having a divorce or a family which is going through a financial crisis will prefer selling house as-is to avoid foreclosure. Financial distress, migration, unaffordable repairs stand to be the topmost reasons to sell house as-is.

How much do you lose selling a house as is?

The amount you could lose on an as-is sale of a house varies and is difficult to determine. According to iBuyer.com, offers for as-is homes may range from 75% to 95% of what they would be if repairs or renovations were made. The condition of the house and the local real estate market are significant factors that affect the offer price. 

In a strong seller’s market, the gap between the offer price for an as-is sale and a regular sale may decrease or disappear entirely. Additionally, the location of the house plays a crucial role. If the house is in a highly desirable neighborhood or on prime property, its condition may matter less, and buyers may be willing to pay for the overall real estate package.

Is it a good idea to sell your house as-is?

Selling your house as-is can have both advantages and disadvantages. 

• On the positive side, you can save money on repairs and staging costs, and put your house on the market right away. Additionally, the closing process may be smoother if your buyer has the necessary funds or access to a loan.
• However, selling as-is may also mean a lower selling price, as buyers may be hesitant to pay full price for a property that needs work. You may also have fewer interested buyers, as the as-is designation can be a red flag for some. 
• Finally, if the buyer is financing the purchase, their lender may require an appraisal and may not approve as large a loan if the home is in poor condition, potentially leading to an appraisal gap. 

Ultimately, the decision to sell as-is depends on your individual circumstances and priorities.

The Best Mode to Sell Your House As-Is Fast

The only best way to sell your house as-is fast is to sell it to we buy houses for cash companies. ‘Elite Properties’ aids you in selling your house fast for cash. Companies tagged under the label ‘we buy houses any condition’ proposes you with an all-cash offer. It is really important to avoid soaring your expectations from the deal. As a seller you have to keep in mind, you are selling your home in its existing condition without performing required improvements hence, you will be proposed with a low-balled offer. The good point here is that these companies provide you with an offer based on the current fair market value of your property. 

Benefits Of Selling a House As-Is For Cash

As stated above financial uncertainty leads you to an emotional trauma where the only option to get out of the problem is to sell your house as-is. Choosing the option of selling home as-is for cash provides you with multiple benefits. As you are not selling house by owner or with the help of a real estate agent you don’t have to perform a pre-listing inspection.

When they say ‘cash is the king’ it is certainly true. Although, you might achieve lowballed proceeds of the sale, it still covers your basic requirements. When you sell your house to cash buying companies it eases out the complicated home selling process. We would like to shed light on some benefits of selling your house as is for cash –

• When you choose we buy houses any condition company, you eliminate expenditure on costly repairs
• They don’t ask for any legal documents except the seller’s agreement, which eludes the hassles of legal documentation
• Company like ‘Elite Properties’ allows you to sell your house within 3 days, this enables you to work according to your planned framework
• The company proposes you a no obligation and fair all-cash offer
• The company provides with the closing costs
  
  

How to sell a house as-is?

Be upfront that it’s as-is

To avoid any confusion or misunderstandings, it’s important to be upfront about the as-is condition of the item or property you’re selling. This means clearly stating in your listings and advertisements that you won’t be making any repairs or addressing any issues. 

It’s also important to reiterate this during negotiations and to include it in writing in the purchase and sale agreement. By being transparent about the as-is condition, you can ensure a smoother and more honest transaction for both parties involved.

Don’t forget seller’s disclosures

When selling a house, it’s important to remember that even if you’re selling it “as-is,” you still have a legal obligation to disclose any known defects to potential buyers. This includes issues like mold or foundation cracks. 

Laws vary by state, but most require sellers to disclose any known defects and some even have specific forms for this purpose. Real estate agents are also required to disclose any known defects. 

However, you’re only responsible for disclosing information that’s within your personal knowledge, so you don’t have to go digging for problems. 

If there’s a possibility of serious defects, it may be a good idea to order a pre-listing inspection to identify them and set a fair price for the home.

Keep the place clean

Even if you can’t afford any major upgrades, it’s important to keep your home as clean and tidy as possible. This means regularly mowing the yard, keeping surfaces clean, making the beds, putting away dishes, and storing clutter out of sight. 

You can also make some small cosmetic fixes to improve the overall appearance of your home. And always be prepared for viewings by keeping your home in tip-top shape.

How low can you go on Price?

When it comes to negotiating a price for a property, it’s important to have a clear idea of your bottom line. This will help you make quick counteroffers and avoid wasting time on offers that are too low. 

A real estate agent can be a valuable resource in this process, providing guidance on what offers to reject and what you might be willing to compromise on. 

Keep in mind that even if you list your property “as-is,” some buyers may still request an inspection and try to renegotiate based on the results. If the repairs are minor and won’t significantly impact the deal, it may be worth agreeing to make them or adjusting your asking price accordingly.

Last Words

When you choose ‘Elite Properties’ you don’t get the need to deal with a realtor and get yourself in the lengthy home selling process. You can sell your house in any condition, any location to us and we will provide with an all-cash offer. Call us today on 718-977-5462 and sell your house as-is quickly at a fair price.

Losing your home in a fire is a traumatic situation for any homeowner. Such situations can leave people in emotional and financial drainage. As the amount of loss is high and the scope of improvement is naught. The amount of tangible destruction that these items cause to the property is devastating. In such instances people often tend to ask the question, how do I sell my house fast with fire damage? First off, ask yourself a question do you want to repair and sell your house? Or sell it directly to a cash-buying company?

Fire damage can be a serious thing to tackle as nobody is prepared for the later consequences of the loss. The destruction caused can be to such an extent that homeowners prefer selling fire-damaged property rather than spending dollars on repairing it. First off, get a home inspection complete to get the actual worth of your property post-accident. Once you know the value and the percentage of damage you can calculate the amount required for improvements. As you have chosen to sell as your option you can list your property by yourself which will evidently cost a lot. Else, you could sell your house as is to a cash buying company and save yourself thousands of dollars and time.

How to Sell Your Fire Damaged House Fast?

Selling a house with fire damage could be difficult but companies that buy houses in any condition make everything easy. These companies do not ask you for any legal documents for closing the deal. Although, it is important to keep a copy of your insurance, claims, police reports, and repairs that you made. Selling a house as it slashes many hassles of paperwork and saves you a lot of time and money inclusively. We buy houses companies like ‘Elite Properties’ buy your house for cash in any condition.

As stated above choosing such companies will save you time as they close the deal within 3 days. Choose for yourself if you want to spend money on repairs and rehabilitation of your property or gain a cash offer by selling your house with fire damage. Selling your house in as-is condition will additionally provide you with the Fair Market Value of your house.

If you are thinking to sell a fire-damaged house, you need to do home improvements and home repairs to make it ready for sale. Scroll down below to follow the things that you should do –

Get To The Cleaning and Improvements

Repairing your home promises you a better sale but it also comes with a price. Relying on the ratio of the damage repairs can be relatively expensive or even unaffordable. If your home has gone through structural damage, you’ll be bleeding thousands of dollars from your pocket. Whereas internal damages can be less expensive. If the majority of damages are to claim you’ll only need a little amount to cure the burnt damage.

Fire causes extreme damage to the property, some damages leave the house in an uninhabitable condition. Although, it will work out if you have time and dollars to spend. A fire-hit house can set you back by 4,000 to 40,000 dollars minimum. The costs vary with the amount of damage caused, in most cases you might need to reconstruct the entire home which is double the retail value of the property. Additional costs will play a massive role in repairing the roof and ceiling if it had caught fire.

Furthermore, repairing requires a lot of your time which goes into monitoring the improvements. It takes a toll on your head if you hire contractors to do the needful and creates unwanted hassles. Here the best option to save yourself from the situation is to sell your house as is.

Isolate Damaged Items and Coordinate with Insurance Companies

An insurance claim can cover repair costs or can provide you with the payment for your new home. Although, they are certain restrictions and factors to assess, which don’t aid in anything but energy consumption and stress. As per the policies, some insurance companies might ask you to do proper documentation of the damage caused. You have to click pictures and write descriptions in detail for the inventory. Some mandatory things required to put on the list are –

• Model number
• Serial number
• Purchasing date of the item
• The amount
• A short description of the item

Fire damage claims are the top priority for insurance companies. The company sends an inspector to inspect the damages within a few days. The claims are processed. You should organize the documents promptly to avoid chaos. If you are providing the given details then it becomes easy for the company to document it and claim for the rest. 

There are three mandatory steps to claim insurance –

• Reporting of the incidence
• The company sends an insurer to evaluate the loss. You will get to how much you will be paid.
• Post the above step the company sends the check through the mail or transfers the amount directly to your bank account

With the ever-increasing fire damage property cases, it becomes crucial for you to thoroughly the fire insurance claiming / filing process. In situations where you need to empty the property quickly, you’d leave your vital items in the home. Here, you can urge the insurer to provide you with the advance amount from the insurance to cure the loss.

Find a Temporary Livable Place

As your home is not in a habitable condition you have to move out until the damages are cured. Such situations are really excruciating as you are already paying for repairs and rent just adds to the expense.

Selling Your House with Fire Damage

A cash home buying company might be your single source of receiving profit and getting rid of fire-damaged property with no improvements done. You do not require a realtor to sell your home for cash you can do it yourself and get provided with a no-obligation cash offer.

Although, if you choose the traditional way of the home selling process it is suggested to be prepared for a time and money-consuming course. If you are stuck with any other real estate-related crisis, Elite Properties New York will be at your rescue. Call us on the number given here 718-977-5462 to learn ‘How do I sell my house fast with fire damage’.