www.WeCanBuyCash.com | How to Review Seller’s Market Offers in Orlando (And Around the 32703 Zip Code)

www.WeCanBuyCash.com

How to Review Seller’s Market Offers in Orlando (And Around the 32703 Zip Code)

by Eugene on October 22, 2016 in sellersEdit

Seller’s markets come and go. If you’re selling your house in Apopka or around the 32703 zipcode during a seller’s market, then you might get multiple offers. Here’s how to review seller’s market offers in Apopka …

A seller’s market is when there more buyers and fewer properties. For sellers, it’s an exciting time to sell because you may be able to get a higher asking price. You might also get multiple offers on your house at once.

If you’re selling your house and you received multiple offers, you might be asking yourself, “now what do I do?” Although multiple offers might be exciting to receive, it can also be overwhelming. Fortunately, there are 4 things you can do to help ease the burden and approach your multiple offers to your greatest advantage…

How To Review Seller’s Market Offers In Orlando

First, sort the offers into those who are ready to buy and those who are buying contingent on something else. Some people put offers on houses contingent on them getting approved for a mortgage or contingent on them selling their house.

You don’t have discard the contingent group but it’s often easier and faster to work with someone who doesn’t buy based on a contingency.

Second, sort the remaining ones based on which is more important to you – either the speed of the sale or the price. (For some sellers, a faster sale is more important than a higher price). Of course both are important but usually one will be more important than the other.

• If speed is important to you, sort the offers by the ones who are closest to the timeline you want to move in.
• If the price is important to you, sort the offers by the ones that are highest to lowest in terms of price.

Third, if you have several that match your preference above (such as: if you want to move by the end of the month and you have several offers that work within that timeline) then sort by the ones that don’t add any conditions. The more conditions a buyer adds, the more work it may be for you.

By the end, you’ll have a pile of offers – at the top will be the ones that offer the best speed or price (whatever is more important to you), the least conditions, and are ready to buy right away. And at the bottom are those who aren’t ready to buy because they have contingencies.

Once you’ve sorted your offers this way, start working through them from the top, making counter offers from a position of strength!

If this is overwhelming or if you don’t have as many offers as you’d like, or if you don’t have the offers that you want, there is another way to sell: you can sell directly to us. Call Eugene Hoffman at 407-781-7312

www.InvestorsGoldmine.com | Winter Park Flip(32803) $300k | ARV $400k

www.InvestorsGoldmine.com

Winter Park Flip(32803) $300k | ARV $400k

$299,900 4 bd, 2 ba, 2044 sqft

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Off Market Flip in HIGHLY DESIRABLE (A) rated School District of Winter Park.

This Ranch style home, in a very cozy subdivision, is a short drive from Baldwin Park, Colonialtown, and the Executive Airport. The plumbing and electrical were completed in 2008 so no worries there. The roof was installed in 2006 so you should be good there as well. The garage is partially enclosed and under air, so there is possible extra square footage to be included. The first hundred square feet of the garage is currently only accessible from the outside ( buyer to verify square footage). The kitchen is L-shaped and narrow so it will need to be opened up. Moving a wall and relocating the washer, dryer and water heater will help. Replacing the mid-century fixtures and tile in the bathrooms is a must. Carpet for the bedrooms and updating the tile will help complete the project nicely. The old casement windows work, but dated so we factored them in the rehab. Landscaping and pressure washing will make the home show well and give the curb appeal.

Currently, there is a similar sized house w/ a two car garage and no updates listed at $180 a square foot. Our price is $150 p/sf with rehabbed homes selling in the $200 p/sf range.

Property Details

Price:

$299,900

Address:

Lake Sue

City:

Orlando

Zip Code:

32803

Year Built:

1952

Terms:

For Sale

Property Type:

Home

MLS #:

Off-Market

Square Feet:

2044

Bedrooms:

4

Bathrooms:

2

Const. Type:

Block

Additional Features

PLEASE DRIVE BY FIRST AND CALL TO SCHEDULE APPOINTMENT. Beeman Park, NO HOA Est. Rehab: $40,000-50,000 +/- Est. ARV: $400,000 +/- Assignable

www.InvestorsGoldmine.com | Why Owner Financing Makes Sense in Orlando

www.investorsgoldmine.com

Why Owner Financing Makes Sense in Orlando

by Eugene on October 23, 2016 in buyer, Company News, ira-real-estate-investing, orlando-income-properties,orlando-investment-properties, owner-financing, private-lending-trust-deeds, Real Estate Articles, Real Estate Market Statistics, Real Estate News, Wholesale PropertiesEdit

If you’re thinking about buying a house and you’re exploring your financing options right now, there’s a good chance you’re deciding whether you should go through bank financing or owner financing. There’s already a lot written about bank financing, so this blog post is meant to give you the other side of the coin, to talk about why owner financing makes sense in Orlando and the surrounding area…

You’re probably familiar with bank financing – that’s when a bank (or other lenders) gives you a mortgage loan so you can buy a house. A bank pays the seller the full amount that you buy the house for, and then you pay the bank back over a period of several years until you own the house free and clear.

But it’s not the only way to buy a house, there’s also seller financing (also called “owner financing”). That’s when the sellers agree to not to take the full purchase price for the house right away but instead takes the money over a period of years. In effect, they are acting like a bank, accepting partial payment over time until you’ve paid off what you owe.

So you might be wondering, “Why owner financing makes sense in Orlando?”

Good question!

Here’s our answer…

There are 3 main reasons why owner financing makes sense in Orlando:

3 Reasons Why Owner Financing Makes Sense In Orlando

First, it can allow buyers to get into a home faster. Owner financing can sometimes be useful if a buyer does not have the credit score available to get a mortgage loan, or if they cannot afford mortgage payments that a bank might require. With seller financing, the owner may not require clean credit or high payments, allowing buyers to get into a home faster when they may not be able to do so with bank financing.

Second, it provides flexibility to both the buyer and the seller. A bank uses fairly traditional terms: You’ll pay so much money as a down payment, then the rest paid back over time – either as a fixed rate or variable rate mortgage. But a seller and a buyer may find different terms that they agree to that aren’t as rigid. In fact, some agreements can become very creative and flexible for both parties!

Third, it can be a win the seller, too. A seller wants to sell their home, so offering owner financing gives them access to more buyers who might not typically be able to buy. By offering seller financing, they increase the number of potential buyers who would even look at the house. And not all sellers necessarily require all the cash up-front (which why would get through bank financing). Instead, they may prefer the cash flow that owner financing gives them.

Summary

Owner financing is a great tool for both sellers and buyers; if you’re thinking about buying a house in Orlando, owner financing can give you the means to buy your next house

www.Wecanbuycash.com | How To Take Advantage Of A Seller’s Market In Orlando For Home Selling

www.Wecanbuycash.com

How To Take Advantage Of A Seller’s Market In Orlando For Home Selling

Edit

The success of selling your house depends on the market you’re selling into. In this article, you’ll read about how to take advantage of a seller’s market in Orlando for home selling…

In a buyer’s market, there are many sellers and not many buyers. In a seller’s market, it’s the opposite – many buyers and not as many sellers. If you’re a seller in a seller’s market, you have the advantage already of having a scarce commodity that buyers want.

But just because you’re a seller in a seller’s market doesn’t mean you should just let the buyers dictate the terms. You have the advantage and you can still come out ahead.

Here’s how to take advantage of a seller’s market in Orlando for home selling…

How To Take Advantage Of A Seller’s Market In Orlando For Home Selling

Advantage #1 You Can Ask A Higher Price

Following the simple rule of supply and demand, you can ask a higher price (and often get it) because buyers don’t have as many choices available to them. So the first way to take advantage of the seller’s market is to simply ask for more money.

Advantage #2 Ask For Or Remove Conditions

Price is just one component of selling a house. Another component is the conditions that are also placed on the sale – including an inspection, a site survey, repairs, or appliances that will remain in place. But these are what the buyer might ask for. As a seller, you can ask for certain conditions, too. For example, why not ask to just leave the house in as-is condition for the buyer to clean up?

Advantage #3 Generate Multiple Offers

When you only have one offer, you sometimes feel forced to take it. But when you’re presented with multiple offers from multiple buyers,you can get picky, and you can also negotiate from a position of strength. Generate multiple offers by getting a lot of interest and only accepting offers at a certain time. Then go through each offer at your leisure to determine which one is right for you.

Summary

And that’s how to take advantage of a seller’s market in Orlando for home selling! If you’re selling your house in Orlando during a seller’s market, use these tips to take advantage of the situation and enjoy a return, the addition or removal of conditions, and multiple offers to choose from.

www.InvestorsGoldmine.Com | 10 Unit Multi-Family (32806) $775,000 | 28 Bedrooms

www.InvestorsGoldmine.Com

10 Unit Multi-Family (32806) $775,000 | 28 Bedrooms

$775,000 28 bd, 11 ba, 6,363 sqft

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Annie Street Apartments. A 10-Unit, Multi-Family Investment with enormous value-add potential located in the highly desirable Delaney Park area of Orlando. Less than 1 mile from the Downtown CBD. One block off South Orange Avenue on two parcels. This 10-unit complex consists of four separate structures. One large 3 bedrooms, 2 baths, house with detached Mother-in-Law Apartment, Two Duplexes and a Quadraplex for a total of 10 units.

Property Details

Price:

$775,000

Address:

117 ANNIE ST

City:

Orlando

State:

FL

Zip Code:

32806

Year Built:

1925

Terms:

For Sale

Property Type:

Commercial

MLS #:

O5470676

Square Feet:

6,363

Bedrooms:

28

Bathrooms:

11

Const. Type:

Block, Wood Frame (FSC Certified)

Additional Features

Annual Net Income: $57,453.00 Total Num Bldg: 4 Location: Close to Bus Line, Close to Commuter Rail, Corner Lot, In City Limits, Sidewalk, Roof: Shingle High School: Boone High Taxes: $3,810.00 Average rent $650 A/C: Wall Units/Window

Call (407) 781-7312 for more details

www.InvestorsGoldmine.com | 3/1 Sanford $40,000 REO Make Offer

www.InvestorsGoldmine.com

3/1 Sanford $40,000 REO Make Offer

$40,000 3 bd, 1 ba, 720 sqft

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Here is a property that you can make your own. Three bedroom, one bath, eat in kitchen, and bonus room! Garage conversion. Quiet neighborhood.

Property Details

Price:

$40,000

Address:

109 HAYS DR

City:

Sanford

Zip Code:

32771

Year Built:

1958

Terms:

For Sale

Property Type:

Home

MLS #:

O5469174 Make Offer

Square Feet:

720

Bedrooms:

3

Bathrooms:

1

Basement:

None

Const. Type:

Block

Additional Features

Total SF 1200 HOA None Vacant

Call (407) 781-7312 for more details