Can I give my house in Orlando back to the bank without an expensive foreclosure?

wecanbuycash.com/blog

July 14, 2017

By Eugene

Trying To Avoid Foreclosure in Orlando? You may be considering giving your house back to the bank.. is it a wise decision?

Can I give my Orlando Florida house back to the bank without an expensive foreclosure?

The answer is YES !  (but with caveats, read below for more details)

There are many ways to avoid an expensive foreclosure in Orlando.

Your first step if you’re trying to avoid foreclosure in Orlando is to speak with your loan provider immediately to examine your choices to prevent home foreclosure.

You have to take action prior to getting too far behind on your mortgage payments in order to halt house foreclosure. You should contact your financial institution once you know you are likely to miss a home loan payment and inform them what is going on with your financial situation.

Your mortgage loan organization would rather work something out with you so they do not generate losses on your property by going through the actual foreclosure process.

You need to be open and honest with your mortgage company.

They may work something out with you that cuts down your rate of interest, which would reduce your monthly payment. In case you miss one or two payments but then are capable of start paying once again, they can usually add those repayments back onto your home loan and consider you caught up on your mortgage. The financial institution will not accommodate you if you do not talk to them about what your situation is ahead of time is and asks for help.

Your mortgage loan bills or your card payments?

You’ll be able to prevent home foreclosure by ensuring you consistently pay your mortgage loan prior to any bills. Your house loan is an essential monthly bill you have. Credit cards should never take priority over your house loan repayment. You can deal with the consequences of not paying your cards a lot easier than you can the implications of failing to pay your mortgage.

Not paying your mortgage loan is the worst thing you can do with regard to your credit score. Getting behind on other sorts of debt like credit cards will never harm your credit as much as getting behind on your home loan. Not paying your mortgage loan could cause you difficulties with your credit cards in any case, so they ought not to be a priority when you have to pay your monthly dues.

Is selling your house in Orlando Florida a way to avoid foreclosure?

One way to prevent home foreclosure is to try to pay your house loan off by putting up your property for sale.

You could probably be free from the financial hole you are in by selling your house for sufficient cash to pay the home loan off.  And sometimes you may be able to have money left to start over again. This is an excellent approach to prevent foreclosure of your Orlando house and avoid a disaster on your credit score at the same time.

Another way to stop property foreclosure in Orlando is to really cut your spending right down to the bare minimum. If you’re able to reduce your expenses adequately you could avoid having to offer to sell the house you love. For anyone who is self-employed, one method to spend less would be to stop renting an office and make a workplace at home. You could also think about selling a car and having just one that you share.

You can definitely proactively do something to stop your home from going into foreclosure and harming your credit and financial situation even further.

We Buy Local Orlando Houses… Can We Make You An Offer?

Here at Eugene Hoffman LLC we buy houses in Orlando FL and surrounding areas and we may be able to help you get out of your house and avoid foreclosure.

The process is really simple:

1. Fill out the form over here, or call us at (407) 781-7312 and we’ll make you an offer within 24 hours
2. If you accept the offer we’ll get the documents drawn up and come out and visit you in your home to go over the paperwork
3. We buy your house when you want us to (in as little as 7 days) at a reputable local closing agent

That’s it!

When Is The Best Time To Buy Investment Property for Investors in Orlando

July 10, 2017

By Eugene

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Are you a real estate investor wondering when is the best time to buy investment property for investors? You’ve come to the right place! We are real estate investment experts and we enjoy sharing our knowledge with both sellers and investors so that you can find the best deals.

Real estate investing can be tricky but if you follow these tips on when to invest, you’ll have a better chance at winning the game of real estate investing. Just a little knowledge about how things work in the real estate industry helps you to determine when the market will work best for you.

Look for Desperate Sellers

We’re not talking about taking advantage of people here. But you can help out someone that is hungry to let go of a house for cheap so that they can put their money into the one they really want. It’s a win-win situation if you play your cards right. The way to find these sellers are to look in the paper ads under the real estate section to see who wants to sell fast. Market to people in pre-foreclosure.

Buying from sellers who need to sell quickly may also be in a position to offer you a cheaper deal than those who have more time to sell.

Repossessions and Liens

People who are facing foreclosures from the banks or the courts are also likely to need to sell their home fast to get out of their legal and financial quandary. You can be a Godsend if you present yourself in a manner that is professional and offers them a fair price for their house. Then they can be free of the financial burden and move on with their life.

Buy During the Winter Months

If you look for houses during the winter months, you may avoid getting into a bidding war with other buyers or people who may want to move into the house. Spring and summer are the most common times that families move or change houses. When you avoid these peak times and invest during the winter months, you’ll have more success in finding quality homes that you can resell or rent out.

During Low-Interest Rate Times

Another time to invest in real estate as an investor is during low-interest times. While low-interest rates are generally bad news for the stock market, they are good news for investors because you’ll be able to negotiate a deal with little interest to pay. This saves you a great deal of money in the purchase and may give you a bargaining chip with sellers.

Tips on the Best Time to Buy Investment Property for Investors

If you’re still wondering when is the best time to buy investment property for investors, here are a few other things to look for in the real estate market that may help you find the best deals:

• Look for high-quality homes that will sell well on the market. It’s only a good investment if you know that you can resell the house for more than you paid for it. Do your research and see if the location is a good one, find out if the area is expected to grow, and study the factors that may influence the market.
• Offer competitive prices with real estate companies. If you want to compete with the big real estate companies, you’ll need to try to beat their offer when you can. Study the real estate ads and then try your best to beat their prices when you make your offer. Sellers will deal with you if you can offer them a quick solution and they are ready to sell today.
• Consider the possibilities. Always think about what you will do with the property in Orlando once you purchase it. Do you plan to rent it out, resell it, or fix it up and then put it back on the market? The goal you have for the property should guide your decision on how much to pay and whether to purchase the property.

If you are a real estate investor in Orlando Florida, it’s a good idea to know the area and get an idea of the going prices for the geographical market there. Compare the price you’re willing to pay with that of the local real estate companies and see if you can beat their price.

Talk to the seller and get to know their goals. If you offer them a fair deal, they should be happy to sell to you.

How to Avoid Real Estate Agent Fees When You Sell Your House in Orlando

eugenehoffman.com/blog

July 10, 2017

By Eugene

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Do you need to know how to avoid real estate agent fees when you sell your house?

Are you going through the regular channels to sell your home through a real estate agent? If so, you’re not alone. Most people choose to go to a real estate agency that they trust to sell their house. That’s the conventional method because people often trust a real estate firm more than they would in selling a house directly to a buyer.

When you choose to use a real estate investor,  you will see how to avoid real estate agent fees when you sell your house. Using a real estate investor cuts out the middle man (real estate company and sales representative), leaving just you and the investor to cut the deal.

Advantages of Using a Real Estate Investor

Sometimes it is a good thing to think outside the box. When you sell directly to a real estate investor instead of a real estate company in  Orlando, you may be able to get a better deal. There are many advantages to selling your house through a real estate investor. Some of the best advantages are listed below.

• Real estate investors have a lot of cash and working capital on hand so that they can make a deal quickly when they find a house they wish to purchase. If you need to sell your [market city] house fast, this is a great way to do it. You can close in just a few weeks, rather than a few months.
• Real estate investors are more likely to make you a deal that you can live with. Since they have less limited funds than an individual buyer, you will usually get more for your home than you would when dealing with a real estate company. Remember, too, that a real estate company gets a cut, along with the sales representative who sold your home. When you cut the number of people down to just you and real estate investor, you get a larger slice of the pie.
• Real estate agents collect a fee for every sale. They are a sales representative for the real estate company that they represent. So they get a percentage of the final sales price, cutting out some of your profit that you could use to purchase or finance another home.

How to Avoid Real Estate Fees When You Sell Your House

When you use a real estate agent, there are no real estate fees to worry about. This puts you in a position to be able to make a better deal for your house, and you can also have the money in your hands much faster than if you used traditional methods. Agent fees can be very high so by avoiding this extra cost, you will free up more money for yourself.

This can help you immensely when you are looking for another house and it lets you control the sales price when you cut out the wheelers and dealers that are so prevalent in the real estate industry.

Contact Us

If you need more information on how to sell your house in Orlando, call us at 321-231-7100. We are always happy to talk to you about selling your house and we can offer options that you may not have thought about before.

The Devastating Consequences Of Foreclosure In Orlando For House Sellers

wecanbuycash.com/blog

July 7, 2017

By Eugene

Going through foreclosure in FL? This article walks you through the affects foreclosure could have on you…

If you are trying to sell your home, you may be finding that it is more difficult than you had expected… especially if your home has any repairs needed that buyers just don’t want to deal with.

In this article we’ll dive into some of the devastating consequences of foreclosure in Orlando for house sellers. 

Local Orlando House Buyers Have Lots Of Options For Houses But Fewer Options For Financing

There are floods of homes on the market, and thanks to the economic turmoil in recent past (and still going on in some areas), some types of houses just aren’t selling as fast as they were 5 years ago… while the “sweet spot” type of house (3 bedroom 2 bath in the middle to lower-middle price range) are selling at a good clip.

Part of it is because lending guidelines have changed since the housing collapse so fewer buyers are out there for some homes… there are still stockpiles of foreclosed houses in Orlando that keep trickling into the market from banks… and buyers are more choosy than they were in years past because many of them have learned that you can no longer buy a house and bank on the fact that it will appreciate a 3%+ a year in value.

If you are a seller in this market, you may be becoming discouraged and wonder how you can just sell your Orlando house fast, right?

If it seems like you keep putting more money out to improve your home (or if you have repairs but don’t have the money to do those repairs), but are still having a hard time selling your Orlando house, you aren’t alone. A buyer’s market makes conditions hard for seller’s to swallow. No one likes to see their home picked apart, criticized, or devalued, but that is exactly what most sellers are dealing with.

Worse yet, due to the devastating consequences of foreclosure in Orlando, many sellers in the area who hold out for the price they want are getting little action and no offers at all… sometimes leaving the house on the market for months on end.

How Foreclosures Have Driven Local Housing Prices Down

When the housing market crashed and the foreclosures began to roll in, it flooded the real estate market in Orlando. That means that there is more inventory on the market. When that happens, that drives the price of everyone’s house down because there are more options (at lower prices) for buyers out there.

When there is more inventory than buyers, it devalues the homes for sale.

The jury is still out on whether we’ve climbed out of this foreclosure hole or not.  There are still lots of foreclosure houses in the Orlando area and the banks are still holding many many area homes in their own inventory that aren’t even for sale yet.

But, there are some things you can do in this market to reach your goals with selling your house.

Selling Your House In A High Foreclosure Market

If you’re wanting (or needing) to sell your house you’ve got a couple options you should look at.

1. If you don’t need to sell your house fast and can wait the market out… Get A Great Real Estate Agent On Your Side:  If you don’t need to sell your house fast and you can pay the real estate agent commissions… it may be best for you to just wait the market out and give it some time for that perfect buyer to come your way and pay the price you’re looking for.The market is improving and if you can sell your house next year rather than now… it may mean a few extra bucks in your pocket on the sale at a higher value.A great real estate agent can help you list the house and market it for you. If you don’t have a god local agent, just reach out to us and we can connect you with some great real estate agents we know in town who have shown they can sell a house fast. Email us over here for a Orlando area real estate agent referral.
2. If you DO need to sell your house fast… look for quick sale options like selling your house to us:Selling your house fast in a market like this can be difficult if you go the traditional real estate agent route… unless you discount your house in a big way. Then on top of that discount you’ll be paying the real estate agent commissions… which takes even more cash out of your pocket in the end.Another option you should look at is selling your house to a real estate investment firm like Eugene Hoffman LLC.We buy Orlando houses and can make you a cash offer within 24 hours for a fair price.We’re not looking to list your house… we’re actually looking to buy the house from you… we’ll take care of any repair costs after we buy it from you, then we either keep it as a rental property or we’ll turn around and invest our time, money, and expertise into selling the house to another home owner.It can be a win-win-win situation.If you’re looking for full-retail value of your house, we can’t pay that. We do need a discount so we can make a profit on our end, but you won’t ever pay us any fees or commissions.

Reach Out To Us To Sell Your Orlando FL House Fast… Even In A Market Like Today’s

If you have any questions about our local Orlando house buying service just reach out to us anytime.

You can call us at (407) 781-7312 or reach out to us over on our Contact Page.

Or, if you’re ready to get a fair cash offer on your house today, just click the link below to go to our “Fast Offer” form… then fill out some basic info on your house and we’ll be on our way!

Get cash offer on your house a be done with that problem.

-AA+A Survey: More Buyers Make Offers Sight Unseen | DAILY REAL ESTATE NEWS | THURSDAY, JUNE 29, 2017

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The number of buyers making offers sight unseen—meaning they haven't physically visited the property—is on the rise, according to a survey of recent home buyers conducted by real estate brokerage Redfin. Thirty-three percent of respondents in 11 major markets say they made an offer on at least one house sight unseen. These types of offers are more common when working with foreign buyers and in markets where homes are selling quickly, real estate professionals say.

New uses of 3-D photos, video tours, and virtual reality are giving some buyers enough confidence to purchase a home without an in-person showing. The Wall Street Journal reports that some real estate pros are conducting property walkthroughs with long-distance buyers remotely via FaceTime, Skype, or WhatsApp. Some agents are working with technology companies to create 3-D photo and video tours within the virtual reality space to make long-distance buyers feel like they’re at the property in person.

Home buyer Angelo Smyrnios of Littleton, Colo., recently purchased a home in Lighthouse Point, Fla., for $1.65 million without ever stepping foot inside. Smyrnios’ agents, Lisa and John Wilson of Douglas Elliman Boca Raton, gave him and his wife a 45-minute tour of the property using FaceTime while walking through the home and highlighting its features. The agents then FaceTimed their clients while riding on a motorbike so they could get a view of the surrounding neighborhood.

Real estate companies are also seeing more homebuying capabilities with virtual reality. About 10 percent of Sotheby’s International Realty’s listings now have 3-D photo tours in which clients can view 3-D property pictures on a screen or while wearing VR headsets. The company expects that in five years, it’ll have viewing areas in every office, says John Passerini, global vice president of interactive marketing.

Tech startup VirtualAPT offers a robot that can film virtual tours in 3-D. The robot can record a real estate professional guiding a tour of the property and then produce a video within 15 minutes. VirtualAPT CEO Bryan Colin says the goal of these tours is to help faraway buyers see the property themselves and get a full tour virtually.

Sell My House Fast For Cash In Orlando (Real Or Scam?) | July 3, 2017 By Eugene

July 3, 2017

By Eugene

Eugene’s Blog Page

The companies are out there, you’ve heard about them, and you know some people take a dim view of what they do. But suppose you need to sell your home fast, for whatever reason, and you don’t have the time or resources to go the traditional route.

If that’s the case, you’ve probably been asking yourself this question: “Can I really get a fair deal if I sell my house fast for cash in Orlando Florida?”

You most certainly can. You just need to exercise some due diligence.

Over the past decade or so, professional house buyers have become a fairly common phenomenon, and there are plenty of reputable ones. It’s just that you need to do a little research first. And if you do decide to “sell my house for cash”, there are several benefits.

How it Works and the Benefits

Here’s how it works with reputable, established companies, the ones that fall on the “real” side of this question: “Can I sell my house fast for cash in Orlando?” After the initial contact, a representative of the company will view your home. Then the company will put pencil to paper and figure out a fair cash price. The company will, of course, have to take into account repair costs and time invested making the repairs. Then when you and the professional home-buying company come to an agreement, you can have cash in your hand in as little as one week. Pretty simple and easy, really.

The benefits are numerous, but here are some of the most important ones. You won’t have to get an appraisal and then wait the standard three months. Your house won’t have to be shown multiple times, and you won’t have to wait for a prospective buyer to secure financing. You also won’t have to wait two to three months for closing. Basically,  the whole process is streamlined and headache free, and you can be assured of getting a fair offer from a reputable company.

If you sell your house to a cash buyer, you’ll avoid more than a few hassle sand delays.

What to Avoid and What to Look For

Just as in any other industry, there are a few shady operators in the arena of professional house buyers. So just beware of the following two common scams (besides, of course, high-pressure tactics and bizarre phone calls)

Contract Bait and Switch – The crux of this scam is a changing contract. You start with just a verbal agreement between you and the buyer. Then they offer a contract that purports to be just a formal version of your verbal agreement, a contract which you barely read and just signed. In the end, the final contract that you sign – which you’ve been assured has only minor changes – is nothing like your initial agreement. So you wind up with a bad deal and lose money and/or become entangled in legal battles.

Equity skimming – In this scenario, after you transfer your deed to the so-called buyer, they make off with a large chunk of your equity.They do this by having you make payments to them instead of the mortgage company or by renting out the house after you vacate. So they get a monthly payment and can also use your equity to get other financings. And if they stop making payments – because although they hold the deed, they never assumed the mortgage liability – you wind up with a foreclosed home on your hands.

Now, if you want to sell your house fast for cash and avoid such issues, make sure you deal only with professionals who have an established reputation in the industry. You can check out the prospective company with the state Attorney General’s Office, your state’s Real Estate Commission, and, of course, the Better Business Bureau.

Always understand what you sign, and it’s a good idea to get advice from a trusted third party. Also, get all agreements in writing – a professional will want the same anyway. And remember: if a deal sounds too good to be true, it probably is.

If you’ve done just a little research, then, “Can I sell my house fast for cash in Orlando?” is a question you won’t have to ask. You’ll know it’s the real deal and that maybe it’s right for your particular circumstances.

To find out more about this viable option, just give us a call at 321-231-7100 or fill out the form on our website.

Advantages of Selling Your Home Yourself in Orlando | July 1, 2017 By Eugene

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Most people think you need an agent to sell your house, but we want to prove otherwise. We want to share with you the advantages of selling your house yourself!

The first one might be a bit obvious, but….

NO COMMISSIONS! 

Real estate agents can charge 6%+ upon the sale of your home, even if you end up selling the home yourself. This is in addition, to the agent fees, administrative fees, marketing fees, photography costs, etc, etc. When you sell your home directly, you will save yourself THOUSANDS. Save thousands by placing your home for sale on the MLS which Realtors use. Go to flatfeelistingorlando.com

Sure you will have to do the work of advertising and showing your home, but when you are moving into a new house, having that additional cash can save you a ton of stress! There are always additional costs when you are moving, that’s just life. And keeping some hard earned money in your pocket will make everything go smoother.

You Run The Show

You don’t want showings this Saturday? Ok, don’t schedule any. When you are working with an agent, often times they will be the one calling the shots. Of course, you are ultimately the owner, but if you hire an agent to sell your home, (hopefully) they will do their job and bring lots of people to see it.

This means weekend showings where you will be asked to leave, evening showings, etc. All of these can occur at the drop of a hat, so you will have to keep your home in tip-top shape while it is on the market.

Your Terms, Your Way

An agent will always be looking at what they can make off the sale of your home. This means they may stand firm on the price in situations where you might be open to negotiation. Even if you are eager to sell, an agent is always going to be trying to make as much as possible. Will they really have your best interest at heart when so much money is laying on the table?

In addition, you can decide all of the dates. When the new homeowners can move in, when you have to be out, when you close, etc.. You can set the terms as to what you will fix, what you won’t, and how much you are willing to spend to fix things. When you choose to sell on your own, you call the shots when it comes to the contract, without any influence from an agent who may only have their best interest in mind.

Few Cash Sales Fall Through

As they always say in real estate, “cash is king.” If you are able to find a cash buyer for your home, you will save ample time and money. Closings typically take only a couple weeks as opposed to a couple of months when you work with a bank. Plus you won’t be waiting for your buyer to secure financing. A cash buyer will pay directly, without any red-tape from the banks. These deals rarely fall through and you end up saving a fortune on repairs, staging, and other sales related expenses.

Selling your home yourself will save you time which equates to money saved. Think about all the extra cash you will save on taxes, utilities, insurance and the mortgage by selling your home faster! While a cash offer might be lower than what you would list it for, many times you end up with more money in the long run after all of the fees, commissions and other costs are taken out. Not to mention the stress and headaches of having your home on the market. (imagine people driving by constantly some even peeking in your windows! It happens!)

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