Hi there, this is Alex from Coastal Edge Homebuyers. In this video I wanted to help you out if you have a house in Chesapeake, VA and you’re wondering “How do I sell my house fast for cash?”. Imagine that you have a house and there’s some type of situation surrounding it – maybe it was an inherited house, maybe you had to rehab it for a while but maybe something happened and you cannot finish the rehabbing project, maybe the house is older, maybe there’s been to accumulation of things in there, maybe it was a rental that you had for a while and maybe the updates were not always done as they were supposed to, so now you’re faced with a dilemma – should you fix up the house, do you have the time and the money to do that, or do you want to sell it as-is? So, we often help people that are in these situations, where they have a need to sell the house fast, or the house needs a lot of repairs and they may choose to actually sell it faster for cash, as opposed to cleaning it up, repairing it, putting it up on the market through an agent.
Most people know how it is to sell a house through an agent, they either bought one through an agent, or sold one, so the way this works is they’re going to talk to you first, they’re going to sign an agreement to represent you, they’re going to do all the marketing for you and they will ask you to do some things to the house – you may have to do some repairs, obviously cleaning, staging, basically everything to make the house nice, clean, and presentable for potential buyers, because just like you, the agents also have interest in this – the higher the sales price the higher their commission would be. What is the commission? Well, it’s 6 percent today – 3 percent goes to your agent (selling agent, representing you as the seller) and 3 percent goes usually to the agent representing the buyer of your house. In today’s day and age you also may have to pay closing cost assistance for the buyer, which is another 4 percent, so if you’re selling a $300,000 house that’s minus $30,000 immediately, so the maximum you can get is 270k. This is how the math works. Basically, when you sell through an agent it’s a more involved process, it takes longer to sell – usually 1 to 4 months, depending on what the situation is and the asking price, so this is what you’re looking at. If you’re wondering exactly how to deal with this, or what is the best way for you to handle it, and how to sell your house, give us a call – we’ll be happy to help you out. We’re Coastal Edge Homebuyers. We’re based out of Virginia Beach, but we work anywhere in the 7 Cities of Hampton Roads, so you can call us: 757-414-7117.
Let’s go over a couple of quick things – if you sell your house fast for cash, to a company like ours, there are great conveniences with that – basically that means you get to sell it fast – within 2 to 4 weeks, sometimes we can execute it even faster – in less than 10 days (if that’s what you want). Usually, we get to work with people who need to sell the house pretty fast, or the other benefit here is that you can choose your own closing date, if you want to sell it on your own terms, if you want the closing date to match some other date what that’s important to you, such as a move out date, or you need to go out of state, or out of the country, whatever the case may be, we can work with you, which is not the case when you sell the usual way (through an agent) and a retail buyer, which would go through a bank and then you have much less control over that closing date.
The other benefit (of working with us) is no cleaning, no repairs at all, so this is great, if the house is pretty messy, such as a lot of accumulation of stuff over the years. If you don’t want or don’t have the time and ability to actually do cleanup, staging, repairs, and things of that nature, we are the best choice. Because, when we buy a house as-is, that’s exactly as it sounds – we would buy it in the exact condition that it is today, it doesn’t matter what’s in it, you don’t even have to clean up at all. We’re going to buy, so these are the conveniences of selling your house directly to us. Also, there are no commissions, no fees, we just buy it as-is. Whatever number you hear is what you’ll get at the closing table. So if you have any questions, if you have a house that you need to sell as-is – a house that needs repairs or a house that you need to sell fast, then give us a call, our number is 757-414-7117.