Selling a house with bad loud neighbors

How to Sell a House with Bad Neighbors

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Selling a house is stressful enough without having bad neighbors run off your buyers. If a buyer comes to look at your house, and next door, they see an overgrown lawn, hear yelling, or smell the dogs – you know, the ones that howl all night and dig up the fence, they may not finish the walkthrough. Bad neighbors can sour a house deal, lowering its value by 5% to 10%. Here are some steps you can take to improve the situation and sell a house with bad neighbors.

Be Transparent

Some neighbors do not mean to be bad. If your neighbors are approachable, talk to them. Please do not come at them aggressively. Instead, mention you have buyers visiting the house and politely explain how their actions impact the sale. You can also use a professional mediator to handle these conversations and avoid confrontation.

Be Kind

Some neighbors are busy, and caring for their property falls to the wayside. It takes time and effort, but you can offer to help your neighbor with outward-facing home projects. Mow their lawn or lend a hand with home repairs. If their car is on cinderblocks, or they hoard things scattered in plain view, help move the car into the garage and move things inside or into storage.

Call the HOA

If your neighbor is unreasonable or aggressive, it could be time to take action. Homeowners’ associations tend to stay out of small disputes; however, most have a clause that says residents have a right to “quiet enjoyment” of their homes. Your HOA should enforce neighborhood codes, including telling neighbors to keep house, landscape, and keep down the noise.

Take Legal Action

If your HOA is inactive, and your neighbor seems hostile, notify the county or city of a “sabotaging neighbor.” You can claim nuisance. This means your neighbor unreasonably interferes with your property’s usage through loud music, debris, or other means. If you feel threatened, call law enforcement. Hire a lawyer to convince your neighbor you take the situation seriously and show you have a sound case against them. These are extreme actions and not often called for unless absolutely necessary.

Be Honest

You must let potential buyers know the situation with your neighbors. If they are loud, obnoxious, or there is another issue, you must disclose the truth to avoid legal trouble post-sale. Most real estate disclosures demand sellers warn buyers of problems of which the seller is aware.

If you want to avoid your neighbors and evade leery buyers, consider selling your home to an investor. Most investors will make a cash offer despite problems next door. You can enjoy a quick closing and move away from the people who give you so much trouble.

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When is the Best Time to Sell a House?

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Knowing when to sell a house can help you sell fast, for the most profit and less stress. Timing often depends on your location, and understanding the seasonal trends in the real estate market can help you decide when is the best time to sell.

Spring

PROS: For many markets, spring is the peak time to sell. Homes sell faster and for more money in the first two weeks of May than any other month. The days are warmer, longer, and buyers have more money after tax refunds. Buyers are also eager to close before school lets out, so they have the summer to move.

CONS: Springtime blooms competition. The market floods with homes for sale, and to stand out, sellers typically offer buyer compensations. There are fewer walkthroughs if the weather is still cold and wet, and should you sell fast, it can be difficult to move if the kids are still in school.

Summer

PROS: Summer is a great time to sell if you live in a popular tourist destination. Buyers looking for a summer home or new retirees looking to downsize eagerly shop the market, feeling a sense of urgency to close fast before the fall season.

CONS: Summer vacation can mean a slow buyer turnout. Buyers are out traveling, having fun, and the few buyers you attract may demand more concessions and features, sensing the lack of competition and your desire to sell.

Fall

PROS: Fall is neither the best nor the worst time to sell a house. The market slows down, so there is less competition, and buyers feel motivated to close before the winter holidays. Moreover, the costs for repairs and renovations are at their lowest.

CONS: In autumn, leaves fall, but buyer demands rise. Most buyers are preparing for the coming holidays and prefer to spend their money on gifts and festivities rather than a new home unless you offer them enticing incentives.

Winter

PROS: Winter is not a bad time to sell a house. There is often less competition, and buyers are highly motivated to close before the year-end to take advantage of tax breaks. Should you live in a resort area or ski town, you will meet more buyers looking for winter homes, but they may have more demands.

CONS: Winter is the holiday season. Buyers are engaged in seasonal fun. If you try to sell, you will have to depersonalize living spaces and decorate less, and you may have to navigate walkthroughs with your family over. The days are colder, shorter, and winter is the worst time to make repairs and renovations.

Life happens, and you may not have a choice as to when you sell. If you need to sell fast and skip buyer negotiations, consider selling your house to an investor. Most investors will make a cash offer regardless of the time of year, weather, or market trends. You can enjoy a quick closing and find time for your next move.

Closing cost of selling a house

How Much Does It Cost to Sell a House?

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Selling a house can be a costly venture. Sellers often have no idea just how much money goes into selling a home till closing day. Some expenses are negotiable, and others might be waived. Here is an overview of the costs to sell a house so you can plan and budget for them.

Real Estate Agent Commissions

Realtors often receive 5% to 6% of the selling price on a home, and this commission is divided between the seller and buyer agents. An agent does a lot of work, from arranging tours to updating listings to handling paperwork to negotiating with buyers. Sellers can sell without an agent, but this means more work, as well as the loss of leverage that comes with an agent’s knowledge of the market.

Seller Concessions Cost

Seller concessions are buyer expenses a seller agrees to pay, such as a portion of the closing costs, appraisal fees, or inspection fees, to help sweeten the deal, so a buyer is more likely to close on the house. Their loan type often limits the amount a buyer can ask for, but concessions help offset the cost of a higher offer in a competitive market.

Home Repairs

Most buyers do not want to purchase a fixer-upper, which will cost them more money in the long run. For this reason, if issues are found during the home inspection, buyers will ask the seller to make repairs as part of the ongoing negotiations to close the deal.

Home Improvements

Sometimes a home needs a facelift. This could be minor cosmetic work, such as painting the interior, or large upgrades like remodeling the bathroom or kitchen. These changes not only enhance the appeal of a home but its value as well.

Staging

When visiting, buyers want to envision themselves in the home. Sellers can hire a professional to stage the home for greater appeal. They can rearrange furniture, declutter and depersonalize rooms, and repurpose spaces in ways you never imagined. Professionals have their fees, and even if a seller does not hire a stager, they might still pay for professional cleaning services.

Closing Costs

Buyers and sellers pay closing costs. Sellers closing costs can reach 8% to 10% of the sale price. These can include the closing fee paid to the closing agent, property taxes, attorney fees, a transfer tax, title insurance, and the remaining balance of the seller’s original mortgage, as well as any interest accrued.

If you would like to save money, consider selling your home to an investor. Most investors will make a cash offer with fewer negotiations for the terms of sale, and regardless if a property is old or needs repairs. You can enjoy a quick closing, with fewer expenses, and keep a fat wallet.

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How to Sell a House in 5 Days

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Sometimes life throws you a curveball, and you find yourself needing to pack up and move. It could be the family is growing, or maybe the kids move out, and now there is too much room; other times, it is a change in careers or relocation. Whatever the reason, you need to sell your home fast. Here are 5 tips on how to sell your house in 5 days.

Tip 1: Offer Financial Incentives

Buying a home can be just as stressful as selling one. Buyers can feel intimidated, especially if this is their first home. Offering incentives can help buyers feel more confident and satisfied with their purchase. Incentives can include paying the first year of the home warranty or the first couple months of HOA fees, paying for part of the closing costs or repairs found during the home inspection, or including furniture and appliances with the home.

Tip 2: Price Your Home Below the Market Value

Buyers who watch the home market in your area are more likely to jump at a property that is priced at least 5% lower than the competition. If you receive several offers, you might spark a bidding war to get the best deal, which might be above your asking price.

Tip 3: Stage the Home Properly

Nothing puts off buyers like a crowded home. Sell what you do not need and get rid of clutter before cleaning and staging the rooms. You want to depersonalize and decorate so when buyers walkthrough, they can imagine themselves living in the home.

Tip 4: Make Necessary Repairs

If a home inspector finds issues with your home, it can slow the sale progression or put a buyer off completely. Consider hiring an inspector before listing the home to identify and fix those issues that might deter buyers.

Tip 5: Sell to an Investor

Selling to a buyer can take more than 5 days since most homebuyers have to get approved for a loan, and there are other delays like the appraisal and home inspection. At best, you might get an offer from a buyer in the first 5 days you list the home for sale. If you want to sell fast and forgo incentives, staging, and repairs, consider selling your home to an investor. Most investors will make a cash offer on a property regardless of its looks or state of repair. A cash offer saves you the time spent waiting for a buyer to get bank approval, and you actually save money with zero closing costs, repair, or cleanup costs. You can enjoy a quick, flexible closing in as little as 5 days and transition to a new home for that next stage of life.

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The Pros and Cons of Selling a House in the Winter

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Often people think spring is the best season for selling a house or even summer, but actually, you can sell a house any time of year. Selling your home during the winter may have its drawbacks, but it also has its advantages.

Pros of Selling

Pro #1: Serious Buyers

The large flow of buyer traffic in the spring and summer consists of many window shoppers – people who are getting a feel for the home market, browsing home types, and decorating ideas. In winter, buyers tend to be more serious. If they make appointments to view the home during what is perhaps the busiest time of year, when daylight hours are short, that shows promise.

Pro #2: Less Competition

With so many sellers thinking spring and summer are the best seasons to list a home, you have less competition during the winter holidays. Less competition means you get more showings and interest from serious buyers.

Pro #3: Enjoy a Quick Closing

Buyers who shop in November and December are highly motivated to make a deal and close before the New Year so they can enjoy tax benefits, including deductions from their mortgage interest and property taxes. Other times, if a buyer is relocating, they want to buy fast to get the most out of their corporate relocation package.

Cons of Selling

Con #1: Less Than Ideal Weather

Cold, wet, maybe even icy or lots of snow, winter has the weather that bribes folks to stay indoors. Buyers are less eager to drive out to look at homes in winter. Road conditions can be hazardous, and after Daylight Savings Time, you lose two to three hours for showing your home. Also, your winter-stricken yard loses its curb appeal with bare trees, less greenery, and a blanket of white.

Con #2: Buyers Have Other Financial Obligations

Winter holidays are a busy and expensive time of year. First comes Thanksgiving, and then it is Christmas or Hanukkah, or Kwanzaa. Buyers may have their money tied up in other things, like holiday gifts, food, and travel.

Con #3: Showings Take Effort

You have to keep your home neat and tidy during showings, and this can become more taxing during the winter holidays. You have to be light on holiday decorations so as not to overwhelm or clutter the living spaces. If family is visiting, you have to constantly clean up after them and try to get them out of the house for showings. You might be skittish about leaving out presents and constantly hide them in closets during showings and pull them back out after buyers leave.

If you want to sell your home fast for a cash offer and enjoy the winter holidays, consider selling to an investor. Investors do not mind cold weather, holiday decorations, or crowded homes. You can enjoy a quick closing and get back to what really matters during the holidays.

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How to Decorate for Christmas When Your House is for Sale

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No one wants to be a Scrooge, but if you want to sell a home during the holidays, you have to be careful about spreading holiday cheer throughout the house. This is not to say you absolutely cannot decorate for Christmas; lights and merry colors can make a home feel warm and inviting to buyers. However, too much mirth can crowd and even disorient buyers when they try to imagine themselves in the house. Here are some ways you can decorate your home for the holidays without jeopardizing your chances of selling.

Keep it secular.

You can have the manger scene, a menorah, or kinara out for personal celebrations, but be aware that a buyer may have different beliefs. For this reason, we recommend you put such symbols away during showings. We understand that it can be sensitive for you as well, and the choice to put these decorations out of sight is optional; however, consider the urgency to sell your home when making your decision.

Depersonalize decorations.

To help buyers envision themselves in your home, avoid putting out greeting cards, family photos, and family-sentiment items like “Best Grandma” tree ornaments. Your home will soon be someone else’s home, and putting out these personal tokens can upstage the buyer’s vision of them living there.

Appreciate classic decorations.

A simply decorated Christmas tree, a holly wreath on the front door, or a mantelpiece with ivy and candles are all elegant accents that pleasantly warm the home atmosphere but do not distract or overwhelm buyers.

Avoid too many lights.

Opt-out of colorful, flashing lights on the front lawn, and nix the inflatable Santa, snowmen, and reindeer. Too much merry can be tacky when selling a home. Instead, simple white string lighting can highlight the home’s architecture and draw eyes to attractive greenery.

Match the colors.

Make sure your decorations match the color scheme of your rooms. If the living room walls are a soothing blue, choose snowflakes and silver accents over clashing reds. If the dining room has an earthy tone, put out forest greens and golds. Contrasting colors disorient and put off buyer minds.

Clear the stage.

Staging a home is a delicate practice, and if rooms are already cluttered, adding Christmas ornaments will not improve the look and feel of a space. Look at showcase examples, model home photos, and clean up your home. Once the room is clear of distractions, you can add delightful holiday accents to cheer up these spaces.

If you have already decked the halls and do not want to take things down, consider selling your home to an investor. Most investors will make a cash offer without paying mind to your displays of holiday cheer. Enjoy your traditional holiday flair as well as the joy of a merry sale and quick closing.

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Top 5 Tips for Selling Your Home During the Holidays

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The thought of selling a home over the holidays can be intimidating. ‘Tis the season for other things – fun, family moments, wholesome meals, and gift-giving. The greatest gift right now would be to offload your home and fetch a merry price for it. These five tips on preparing your home to sell it during the holidays (or low season) are our small gift to you.

Tip 1: Deck the halls, but not too much

Too much clutter and sparkle is visually overwhelming. Too large or too many decorations can make rooms busy, crowded, and distract eyes. Also, remember that buyers want to envision their own furniture and belongings in these rooms, and so many loud, bright decorations can dominate the scene. Keep it simple.

Tip 2: Maintain curb appeal

The outside of a home is just as important as the inside. During the fall, trees drop their leaves, and bare trees expose more of the home. Spruce up the yard – rake leaves, trim grass and bushes, but also clean gutters, touch up paint, power wash the driveway, and keep all foot surfaces free of ice or snow to prevent slipping hazards.

Tip 3: Take quality pictures

A picture is worth 1,000 words. Start with the outside: a barren or snow-covered landscape does not (typically) sell well. If possible, take exterior photos a month or two before the autumn season, and make sure the curb appeal attracts. Outdoor features, like a swimming pool or hot tub, also look better in the summertime. Interior photos should show clean, showcase-worthy rooms, preferably without seasonal decorations.

Tip 4: Winterize the home

Seasonal maintenance is always a good idea, whether you presently live in the home or leave it vacant till it sells. Essential steps, like inspecting the furnace and protecting against frozen pipes, keep the home functioning through the cold season, so neither you nor future buyers have to worry about related repairs.

Tip 5: Make it cozy

The weather outside is frightful, so make your home delightful. During showings, turn up the heat, light a fire in the fireplace, play soft classical music, and offer homemade goodies or a steamy mug of hot chocolate or hot apple cider. The more comfortable buyers feel in your home, the longer they will stay to look around.

 

If you are short on time and want to enjoy the holidays, consider selling your home to an investor. Most investors will make a cash offer on a property as-is, be it old, outdated, or a fixer-upper. This saves you the hassle of buyer negotiations, home repairs, and uncertain financing, and instead, you enjoy a sure deal backed by a quick closing. Cheers to you!

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What is a Real Estate Investor?

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You have probably seen television shows and advertisements, but what exactly is a real estate investor?

The better question is not what, but who is a real estate investor. Although an investor may represent a corporation, most of the ‘House Buying’ companies you might come across are small businesses owned by a local hard-working entrepreneur. Like any small business owner, they intend to provide for their family and positively contribute to the community in which they live.

What Exactly Do Investors Do?

As you have likely surmised, real estate investors work with the homeowner directly to purchase their property. This direct connection eliminates the need to place your house on the market, make repairs, or hire a real estate agent.

Although there are several different types of real estate investors, which we will discuss shortly, they all tend to offer the homeowner the same incentives: a fast cash offer, an easy escrow, an ‘As-Is’ purchase, and a closing timeline that suits the seller.

How Does It Work?

Every legitimate investor aims to create a win-win situation with the homeowner. For the investor, this most often translates into a reduced purchase price on the property. For the property owner, this could mean:

  • Peace of mind of knowing their property is sold,
  • Not having to make repairs,
  • Being able to avoid caravans of traditional buyers walk through their house,
  • Not having to worry about a bank or lender as the reason their property falls out of escrow,
  • Not paying 5% to 6% of the house pricing to an agent,
  • And, unlike with a traditional sale, the owner can move on the date most convenient for them (be it in a week or a year) without having to worry about the buyer backing out.

Most sellers agree that the slightly higher price they may have gotten for their house on the open market is more than compensated for by the ease and stress-free experience of selling to a professional investor. Not all investors have the same end goal for your property; however, it is worth knowing the differences.

The Two Primary Types of Investor You are Likely to Meet

  • Fix and Flip… aka Flippers

Thanks to popular home-improvement TV shows, the Flipper is probably the best-known type of investor. These investors, who are often contractors or work closely with one, look for houses that need some TLC or have untapped potential. By remodeling or renovating, Flippers can raise the property’s value and (hopefully) sell for a profit. 

Despite what is so often portrayed on television, fixing and flipping a house, as a rule, is stressful rather than glamorous. Even with the most careful planning, construction costs always come in over budget. Issues arise with city permits and inspectors, and the renovation takes far longer than planned due to unforeseen complications. The housing market may dip. And every Flipper’s worst nightmare, the house sells for far less than projected. Meaning that the investor takes a financial loss of thousands to hundreds of thousands of dollars. For these reasons, flipping is a high-risk endeavor that is not for the faint of heart. 

  • The Buy and Hold… aka Rental Owners

Buy and Hold investors, similar to Flippers, often purchase properties in need of renovation. But rather than fixing the property to sell it, these investors renovate the property to turn it into a rental. This is a long-term investment technique since each property requires years of steady rent before the investor makes their money. And, as with trying to fix and flip a home, there is never any guarantee of success.

As any homeowner knows, a house requires constant upkeep and maintenance. Even with proper care, things go wrong. The furnace breaks, the bathtub overflows and damages the flooring and subflooring, the dishwasher stops working, and so on. Such expenses are part of owning property but add in tenants who fail to pay rent and/or intentionally damage the property, and the investor can kiss their revenue goodbye. Nothing is risk-free, and the investor knows this going in.

Finding the Right Investor

95% of real estate investors are local hard-working professionals who will take care of you every step of the way. As with every industry, however, there are going to be a few bad apples. These bad apples typically represent 5% or less of the industry, but you still have to watch out for them. And with so many investors out there, it can be hard to know who to trust. 

This is why SolidOffers.com works exclusively with a trusted network of real estate investors located throughout the country. These investors come with a proven track record and are thoroughly vetted to ensure they are experienced, professional, and the right fit for you. If selling your house through a local investor is an option you have considered, or would like to explore a little further, then reach out, or use the platform provided by SolidOffers, to find a trusted investor in your area.