Every aspect of the residential real estate market has changed. What used to be a one size fits all approach to selling a house, is rapidly adjusting to the specific sellers need and so is the conventional wisdom that most sellers believed to be the only safe and sane way to sell a house by hiring a real estate agent.
Over the past 10 years the real estate markets throughout California have been shifting and adapting, welcoming in new cash home buyers with a shakeup at the grassroots level challenging the avant garde and the traditional way of selling and buying houses.
Driving that effort has been the Cash Home Buyer aka the real estate investor that used to be almost anonymous in most markets behind the “we buy houses stockton” signs that dotted neighborhoods. Those signs, the calling card for the Cash House Buyers Stockton are now mainstream throughout all markets in California and the real estate investors behind them are making a huge contribution.
The driving force behind the change, is the realization that the bottom 40% of the real estate market has been underserved for many years. Most notably is the lack of representation for houses that needed a lot of work, too much in fact, for traditional banks to offer mortgages regardless of the buyers qualifications. These houses were the ones that tended to ligure on the Multiple Listing Services without ever being sold until they finally expired leaving owners to fend for themselves.
What we used to believe as the only viable way to sell “any house” has proved to be very costly for a lot of distressed property owners that were locked out of selling because real estate agents lacked the ability to get them sold AS IS. Today, those sellers, have highly visible cash home buyers in Stockton positioned to make all cash offers giving them an opportunity to finally sell their house and to pick up a check at the closing table.
Finding the right Cash Home Buyer
Imagine trying to sell your car by parking it in the garage, putting a for sale sign in the front window and then closing the garage door.
The best way to sell any house whether it’s in the top 60% or bottom 40 % of any market is to target the right buyers. The concept is simple but up and until recently, those cash buyers were not easily found because there were no categories in the yellow pages online that located real estate investors or cash home buyers in Stockton. The traditional real estate investor was forced to hang bandit signs advertising “we buy houses Stockton“.
Making it more difficult for sellers was the fact that the marketing used by real estate agents was woefully inefficient to lure in either the investor or the conventional buyer as well. Today, anyone with access to Google can find cash home buyers in Stockton directly without any assistance from a real estate agent or having to pay a dime as a finders fee or in commission.
Real estate agents have known for years that run down house dont sell themselves and yet they have no tools to get it done. The fact is that every house has a potential buyer and yet there have always been so many obstacles in finding the right buyer that it became much easier to just list the house on the MLS and hope that any buyer would show up. The strategy followed one simple shotgun approach… and homeowner bought into it because what choice did they have? Conventional wisdom is powerful and very few sellers sought out the best buyer let alone the very best real estate agent.
The universal solution has always been… list the house with a real estate agent and pray that whoever the buyer, the offer would at least cover the cost of the real estate agents 6% commission. In many cases it did not. In other cases, no investors ever even saw the property and for almost 40% of all listings they just expired before even receiving an offer. Worse yet… the numbers have not changed in 10 years.
Today, many of the same obstacles exist, except that the cash home buyer is much more visible. You can find me with Google searches by typing in the key words “We Buy Houses Stockton”, “Cash home Buyers Stockton” or “Real Estate Investor Stockton“. It is much easier to locate me than it is finding the top 100 real estate agents in Stockton, let alone getting an appointment. I answer my own phone. The truth of the matter is that you dont need to jump through hoops to match the real estate investor to your house by hiring a real estate agent. There is absolutely no reason to add a layer of cost by way of commission just for an introduction.
Hiring a real Estate Agent will Not Necessarily Get You a Higher Price
The evidence is in… and the data is pretty conclusive. While I understand the need to simplify things, and the need be cautious and to avoid mistakes, most sellers in today’s real estate market perpetuate the myth that using a real estate agent to sell any old house that needs a lot of work is the best and most cost effective way to maximize the equity. After all if you hire a real estate agent in Stockton you are more likely to get a higher price and sell your house faster than if you listed your house on your own… RIGHT? Not any more.
New research suggest that if you follow the conventional wisdom and the advice of the National Association of Realtors (the group that advertises for all Realtors) you may actually sell your house for less and pay up to 13% more of your equity for the privilege to do so. I know, it’s going to piss a lot of real estate agents off when I publish this but… who cares. I have houses that I want to buy and I have cash and I am also tired of good people being suckered into listening to people that are not qualified to give any advice on marketing or selling homes.
How do I know? Well I am the premier real estate investor and cash home buyer in Stockton, Sacramento and Modesto and I use my own money to buy houses especially in the bottom 40% of the residential real estate market.
But one thing is for sure, unless you hire the very best real estate agent you are going to be handing over your largest asset to someone that may not know what the hell they are doing. Real Estate is a numbers game and the industry knows it… that is why you have 3,563 real estate agents in Stockton, 1,100 in Lodi and 1,949 in Manteca all clamoring for your business. That is a lot of real estate agents and the numbers are very real… Either way, you can ask most real estate agents the basic questions that most sellers have and you’ll get a variety of answers. What you won’t get are commitments to timeframes, or a sales price.
How long will your home be on the market waiting for a qualified buyer? What shape is my home in, and how much will needed repairs cost? Will the buyer find something wrong with the house after closing and potentially sue? Can I afford the commission if I deal with a Realtor? Call us at (209)481-7780 to find out additional questions to ask yourself before deciding to sell.
1) The Best Cash Home Buyers Are Local
Who is kidding whom, unless you are going to spend tens of thousands of dollars of repairs and updating your house, a local real estate investor is the best solution for you to conserve your homes equity. Houses that need a lot of work cannot be sold with conventional financing and will never pass inspections or appraisals. It is a myth that real estate investors are not paying fair market value for houses. My formula is simple. I pay e fair market value for your house, minus the cost of repairs and some holding cost.
2) Cash Home Buyers in Stockton Use Purchase and Sale Agreements
Cash home buyers are pretty sophisticated home buyers and we understand real estate Purchase and Sale Agreements. My agreement, for example is 2 pages long. It basically says that I am buying the house as is, without any warranties or contingencies for inspections. It says that you dont need to disclose anything that is wrong. I dont care that the old garage door is broken, dented or jammed or that the man door has a hole in it and needs to be replaced.
Keep in mind that Realtors have no exclusivity on data and we run a variety of comparative market analysis and valuation reports that we make available to you. Finally we will not buy a house without the benefit of a Title Company and we handle all of the paperwork and pay for all of the closing cost.
Realtors Do Not.
3) Cash Home Buyers in Stockton Buy As-Is
Cash home buyers in Stockton purchase homes in their current as-is condition. As a seller, this means you do not have to worry about inspections, request for repairs or appraisals before closing or any other additional expenses you were not planning on.
4) Cash Home Buyers in Stockton Require NO No Clean Up
As is means as is. Take what you want and leave the rest. No renting a truck or a trailer and no trips to the dump. It really is that simple. For some hoarder houses, the trashout alone has cost us over $7,000.
5) Cash Home Buyers in Stockton Require No Inspections
We expect every house to have one or several problems. When we do a walkthrough, we look for the signs of settling, age of appliances and electrical outlets and note the age of showers tubs and vanities. We expect that there maybe problems with the HVAC, plumbing, electrical and foundation. It really is that simple. Do you want to gamble that there are not problems with any or all that will hinder the sale of the house? We buy houses As Is and so were not concerned. That is why we’re here.
6) Cash Home Buyers in Stockton Pay Cash (No Banks)
We use our own money. There are no banks to change their mind at the last minute. We can prove it and provide a “proof of Funds Statement”. We recommend that you get one from anyone looking at buying your house. No exceptions.
7) Cash Home Buyers in Stockton Require No Appraisals
Like inspections, we dont believe an appraisal has any probative value. We simply dont order them and since we are paying cash, there is no lender to require one. We have been in business over 10 years and we have evaluated close to 1000 houses. Between our competitive market analysis and our other research we know the value of the house.
8) Cash Home Buyers in Stockton Require a Title Company
We use title Companies for every purchase. They are the impartial 3rd party that makes sure that all of the i’s are dotted and the t’s are crossed. We allow no shortcuts and we are fast.
9) Cash Home Buyers in Stockton Provide Fast Easy Closings and We Pay the Closing Cost
Professional home buyers in Stockton typically close faster than traditional home buyers because we pay with cash. Unless there are issues with the title of a property, we can close in as little as 7 days. Our record is 72 hours, and we have stopped many foreclosures in under 18 hours. We even pay all of the closing cost.
10) Cash Home Buyers in Stockton Often Pay for Probates and other Title Issues
Sometimes the title company finds surprises. They can be as simple as code violations and fines to Liens from old debt or other issues related to medical expenses. In every case we have worked with the homeowner to resolve and spearhead the effort to correct. We are experienced at negotiating settlements with all kinds of issues and we often purchase properties while in probate and pay for those expenses.
11) Cash Home Buyers in Stockton Provide Financial Flexibility
Professional home buyers are in it for the investment. We are not going to move into the home on the day of closing. Most home buyers will allow a reasonable move-out time frame to allow you to relocate. This is extremely helpful, especially with such quick closing timeframes. You can simply pack your personal items and furniture you want to keep and leave the rest.
12) Cash Home Buyers in Stockton Require Stress-Free Selling
No open houses, no parades and no wringing of your hands because everything is NOT perfect. There are no frustrating, middle-of-dinner phone calls asking if you are available to show your home. You don’t have to worry about leaving your home spotless every day before heading to work, just in case there is a showing while you’re gone. You don’t have to worry about possibly running into a buyer’s agent or their clients or dealing with them asking you questions that you really shouldn’t answer anyway. You also don’t have to worry about buyers arguing with you over which furniture you are taking and what you are leaving.
13) Cash Home Buyers in Stockton Provide Less Risk
Selling to a professional home buyer in Stockton is straightforward. We will lay out every step of the process and we have shortened, very clear contracts that are simple as-is purchase agreements. You will also have lessened exposure to legal risks. You won’t have to worry about the buyer finding something you didn’t know you didn’t disclose or something they don’t like about the home or the neighborhood. Under most traditional real estate contracts, there is a potential for the buyer to sue you if they feel they didn’t get all of the information, or if they feel the facts were hidden in any way. Professional home buyers already anticipate the poor condition of the property, and they are willing to take on that risk.
My Nmae is Peter Westbrook and I am a real estate investor in Stockton, Sacramento and Modesto. Give us a call today at (209)481-7780 or send us a message to inquire about selling your home to the best professional home buyers in Stockton!