Selling a rental property for cash in the Westhaven or Churchland areas in Portsmouth VA

Selling a rental property for cash in the Westhaven or Churchland areas in Portsmouth VA
Alex:
Hello everyone. This is Alex, from Coastal Edge Homebuyers. In today’s video I wanted to take a couple of minutes to talk about landlords, people that own houses in Portsmouth, Virginia. And let’s say you have several properties there that you’ve been renting out for years. Maybe they’re located in the Westhaven area or maybe Old Town or Churchland in Portsmouth, Virginia. And now you’re wondering, I’m getting older, maybe it’s time to retire. I want to sell all these properties. Some of them need repair. Some have been occupied by tenants for many years. So what are my options? So one way is when the lease is expired, you can give eviction notices and tell the people that you are willing to sell the property now, and you want to maybe rehab it or sell it as is. You don’t have to tell them all of your exact strategies of what you’re planning on doing. But you can just make it evident to them clear and evident that you want to sell the property.

Now, if the property has tenants, believe it or not, you can even sell it with the tenants. Meaning that an investor like us, we’re Coastal Edge Homebuyers, we’re local investors, and this is what we do. We purchase homes as is. And sometimes even with active contracts and the tenants are there. Or in some cases, the tenants are still there. Even though there shouldn’t be. In any case, we can still make a deal. If you want to sell off a property like that, yes, we can buy it with the tenants. And then we have to obviously deal with it afterwards. In this day and age, it’s something that could become a legal issue, but you don’t have to worry about that. Because, if you sell the property to us, we’re going to take care of that, including the issues with the tenants. In fact, these are some of the reasons that somebody calls us anyway to begin with.

So you can sell a house, even with the tenants. And even when there’s leases that are still not expired, or you can call us when it’s time for these leases to expire or about to expire, and then we can talk and we can strike a deal. So what you can do with property like that is if the tenants are no longer there, you can sell in the retail market. You can talk to a real estate agent. You can list it. It’s going to take its time in its course. You have to do multiple showings. You may have to do some repairs to the house, inspections and so on. And some of you may not want to go through that. So what are your options if you don’t want to deal with a real estate agent? Well, you can call us and we can help you. We can purchase the house for cash from you and is going to be a fair cash offer based on the current condition and the location of the house.

Now, if you’ve dealt with investors before you probably already know this, but we buy at a discount. Basically we look at the house and what the retail amounts, what would be at the house after it’s repaired, we subtract some marketing costs, obviously repairs, and some other costs associated with such process when you work with an investor. But here’s the good news, you pay no agent commission fees when you sell to us. The cash offer is always the fastest and easiest. Nothing beats the speed of that procedure. It can take eight to 10 days, basically, if the title is clean on the house. So selling for cash is fast and easy. And the best part is no showings, no repairs, no cleaning. You can sell the house exactly as is, zero work on your part. It makes a very clean deal and can be done very fast.

So that is the fastest deal you can make, is that one. There’s other types of deals and arrangements we can make with or without tenants in the house. Obviously it’s easier. And you can get a little bit more when the tenants are out, when you sell a house like that that is vacant. But we know that in some cases that may not be what you’re dealing with. In any case, we can help. With Coastal Edge Homebuyers, we’re local investors here in the Hampton Roads. And again, if you have a house that you would like to sell, something you’ve been renting for years, maybe have more than one. We can buy a package of houses from you. We can make a deal and it can be done in several different ways. Cash option is just one of them. It is the fastest and quickest, but it may not be the highest offer you will get.

Yes, we can make even higher offers with different types of financial transaction. Just call us and we’re going to be happy to go over these options with you. And of course, at the end of the day, the choice is yours. Our job is to make sure you’re aware of all of your choices. We’re not always the best choice for everyone, but in some cases we may be the better solution out there. So we buy houses. We buy houses for cash, including in the Churchland or Westhaven areas of Portsmouth, Virginia. If you have a house that you want to sell, and usually you would need to sell faster, just call us. We’ll be happy to go over all of your options with you and so you can make a good and informed decision. If you need more information, just call us. Or if you have a house for sale, just give us a call. We’re Coastal Edge Homebuyers, and you can reach us at 757-414-7117
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