For Sale By Owner Tips for Selling a House in Virginia Beach VA

For Sale By Owner Tips for Selling a House in Virginia Beach VA
Alex:
Hi everyone. This is Alex from Coastal Edge Home Buyers. I wanted to take several minutes today to go over some options for homeowners who want, or need to sell their house fast. In case when they want to bypass the real estate agent and sell it themselves, that’s something that we call FSBO, or For Sale By Owner. Now, there are several different ways you can do this, depending on the speed with which you want to sell your home. If you want the fastest and quickest way to sell, you probably need to call an investor, a company like Coastal Edge Home Buyers, like us can be helpful in that case, because we can offer you cash offer immediately on the spot. Basically, you’re going to be on your way with some money in your pocket within 7 to 14 days. So that’s the fastest and easiest offer.

Of course, the cash offers – because of their convenience and you’re getting a lump sum of cash – are also the lowest offers you’ll get. Now, if you would like to get more money for your house, there’s other options that we can offer, but there’s something else that you can do – to sell your house yourself on the open market. If you want to do For Sale By Owner and post your house for sale on the open market, on some of the major websites out there you can do to the sell, but you have to do the marketing yourself. That’s something usually some people are good at, and some are not so good. You have to have some marketing background, or at least connect with someone who does so, you can market the property in the right way with starting with photos with great lighting, house preparation, cleaning, and all that.

So, if you want to sell the house on the open market as retail, you have to actually do a lot of prep work. You have to clean up house. It has to be showroom-ready. It’s something called “staging” that usually has to happen. That is, to rearrange it in a way that’s neutral. And yet it can be “homey” in a way that a potential home buyer can see themselves living in it, with their family, and be able to see how they can be in that house, to live and project themselves in that environment. So, there’s some time and money that has to be spent on this. Obviously, you have to do a great cleanup first. You have to have great photography of the house, maybe 360-view that may need to be posted, and you have to be ready for showings, which means potential home buyers will come through your house and look at it, multiple times.

On the repairs side, there’s something that you can do – called cosmetic repairs. This’s the easiest thing to do, but it’s again, nothing is very cheap. You still have to spend money on that. Cosmetic repairs include things like paint, carpeting, flooring, any of the “dings” or issues with doors, windows, things of that nature, the ceilings, flooring, walls. So these are cosmetic things and, possibly some landscaping on your yard. So these are the cheapest ways out for basic preparation. If you have a recent renovation that was done in the kitchen and the bathrooms, that’s good, if it was done in the last two to five years. Now, if you have done some rehabbing on your house yourself over the last two to five years, the house will probably sell well on the retail market, if everything was updated, and you do those cosmetic repairs. They can add up – check this out – on a 1,500 square feet house, light-to-medium-level repairs in the Hampton Roads area can range anywhere between $15,000 to $25,000, or more.

So basically, you have to spend some money on rehabbing. And then there’s also flooring, carpeting, ceilings, landscaping, and all that. So some things you can do yourself, some things you may have to outsource to a contractor. Now, if you prepare the house this way – with cosmetic repairs and you probably have done rehabbing on the kitchen and bathrooms, let’s say in the last two to five years, you can get close to retail level, but not the best value. The highest amount will be received by those who have done a full rehab within the last one to three months. That means the house is going to look like it’s brand new. If you look on Zillow or any of those that have national websites, you can see that the best houses there they have been fully rehabbed usually in the last one to three months.

A lot of people think that if the house looks good, if it was rehabbed in the last 10 years, it’s going to be all fine. Yes, it will be fine, but you’re going to fetch anywhere between 15 to 30% less than what someone else would sell their house for that is the same size as yours, in the same neighborhood as yours, but it was renovated in the last one to three months. So that’s where the difference lies. A lot of people say, “Hey, I’ve done renovations in the last five years. My house looks great.” Yes, maybe for renting. But if somebody wants to move in, the house has to be usually completely renovated, if you want to get the maximum amount of dollars for it. So, what do you do if you don’t have the time and/or the funds, or even don’t want to deal with the hassle and the stress to prep the house up? You can call someone like us, like Coastal Edge Home Buyers.

We buy houses anywhere locally in the 7 cities of Hampton Roads, anywhere in the Tidewater area. We’ll be happy to help you out. We can go over all of your options, including the retail route, the real estate agent route, and selling to an investor someone like us, which usually would be the fastest option. There’s some other options actually that are not often talked about. We can go over that in detail with you, if you call us and if you have a house that you would like to sell and want to consider all options. So, we can go over some additional ways for you, that maybe you’ve not heard of. One of them is a way where we can pay closer to retail level. But if you give us terms, meaning – time to pay you back. So there are different ways to sell.

We can arrange that everything is done through paperwork down at an attorney’s office. So everything is solid, no issues/risks with the paperwork at all, when you work with us. In order for you to hear these options you’re going to have to consult with a professional. Someone like us – Coastal Edge Home Buyers. We’ll be happy to go over all of the options for you. There are no fees for you to pay. There is no obligation, whichever way you’re going to go about selling your house. Basically, we’re here to help you, our aim is to help you make the best decision to redirect your funds to better performing assets. So, if you have any further questions, please don’t hesitate to reach out to us. Call us at 1-757-414-7117. This is Coastal Edge Homebuyers. Our home office is in Virginia Beach, Virginia, but we work anywhere in the 7 cities of Hampton Roads. And again, our phone number is (757) 414-7117. Call us today.
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