Many of the "I Buy Houses" signs you see posted on street corners and belong to private real estate investors. In today's reclaimed economy, homeowners are struggling to attract buyers. They often turn to individuals or organizations that specialize in buying houses for cash.
Before calling the number on "I Buy Houses" signs, it is important to engage in due diligence and determine the source. Unfortunately, there are many scammers in the world and currently the real estate market is a prime target.
Thanks to the Internet it is relatively easy to locate information about anyone. Business owners are required to register in each state they wish to conduct business. In most states, the Department of Revenue oversees business registrations. Other states use the Secretary of State office.
The Attorney General's office handles consumer complaints; he does the better business bureau. Realtors and brokers are licensed through the Real Estate Commission.
To locate any of the sources above the Internet, type in your state plus the name of the organization, e.g; California Real Estate Commission. These agencies can help you with a licensed, legitimate, complaint-free business or real estate investor.
I buy houses in Southern California and work with a group of national investors. Nearly all of us have heard horror stories of innocent homeowners losing their property to foreclosure scams. Mortgage financier, Freddie Mac, offers opportunities to avoid foreclosure rescue schemes.
As an investor, people call me almost every day, I went to buy their house. The biggest problem I encounter is the fact that people wait too long before they take action. By the time they call me they are panic-knit and desperate. It should not be that way.
I'll give you the same advice. If you are delinquent on your mortgage, you need to call your lender now. I realize you might believe your lender is the devil incarnate, but most banks will work with you if you do not ignore their requests. Once a house falls into foreclosure there is little room for negotiation.
If there is no hope of getting back on track, ask your lender to engage in a short sale. Lenders agree to accept less than a given amount of money. Short sales are relatively complex and require time and patience.
Short sale real estate is typically priced around ten percent below market value. In some areas, 50% below market value. It's best to work with a real estate investor who possesses a short sale of experience and understands the process.
Selling your home to a private real estate investor is no different than selling to any other buyer. The exception is those investors are experienced and know what needs to be done and when to do it. Working with an experienced investor can simplify and expedite the process.
In closing, be certain to read and thoroughly understand any legal documents prior to signing them. They are legally-binding and will stand up in a court of law.Immobilienmakler Heidelberg Makler Heidelberg
Source by Simon Volkov