Hi, I’m Ben Souchek, the owner and founder of the Sierra Group, the parent company of Seven Days Cash and Home Downsizing Solutions. I have been a direct home buyer for more than 20 years, and a licensed real estate agent since 2007. And I’m here today to talk about the different solutions that we can help you if you are looking to sell your house.
First questions is, do you want to sell your house? Have you decided it is time to sell and maybe downsize? Would you prefer to downsize before you’re forced to? Are you in a situation where you have to downsize? Have you inherited a house and need to sell, or want to sell? Do you have an estate or probate house that you need to sell and liquidate? Or do you just have an unwanted or unneeded house that you want to sell? What do you want to accomplish with the sale of the house?
We’re here to provide custom tailored solutions for you. The solutions that we can provide is to list and market your house, and to buy your house direct. Or, depending on your situation, we will try to customize a tailored hybrid solution just for your situation.
Again, what do you want to accomplish with the sale of your house?
The benefits to listing your property in a traditional manner is it exposes your house to a large market, and it’s probably the number one reason why people do list their houses with agents. It’s put on multiple sites where potential buyers are looking and you have thousands, potentially thousands of agents with potential buyers.
The realities, or sometimes the downside of listing your house, is in getting and keeping your house in a show ready condition. Especially if the house needs repairs or updates. And then there’s the uncertainty of when and if it will sell. Do you want people that you don’t know walking through your house? Then there are the potential hassles of the negotiations with the buyers, and really not knowing what you’re going to net from the sale of your house until it actually closes.
The benefits to selling to a home buying company like Home Downsizing Solutions is that there is no need to put the house on the market at all. You do not need to do any repairs or updating. You’re able to sell the house as is with any stuff that’s in it. We’re cash buyers that can close when you want us to close, and to some extent you can move on the date of your choice. You don’t have to worry about having a vacant house once you move. And in general, you have more control over the sale of your house.
The downside or potential downside, is sometimes a seller will not net as much from the sale of a house as if they expose it to the general market. I have heard from sellers that they think they may have been able to net more if they sold it in a traditional manner, but they like the benefits that I had to offer, and that’s why they went with me in selling to my company.
The one thing that I will caution you about is to be aware of wholesalers, or sometimes what I like to term fake buyers. They’re individuals or entities that will present themselves as buyers that have no financial ability or really intent to actually buy your house. Once they get a contract, they will shop that contract to a real buyer that will hopefully then actually close and purchase the house.
Items to consider in general when selling a house. Again, whether you want to put the house on the market. Whether you want to do any repairs or updating that a buyer or their agent may want you to do, or a listing agent may want you to do before they would even list your house. The showings, the whole house inspections, the negotiations with buyers over financing and the whole house inspection. The closing and possession dates, or not knowing when those are going to be. And whether you would have a vacant house, or would have a vacant house if you moved before the house is sold.
If you want to sell you must deal with reality and the realities of the market at a particular time.
Depending on the market you’ll want the condition of your house to be better than others. Buyers will take a look at the condition of your house versus others that are on the market. And of course it will determine, or have a piece in determining the price. The flexibility of when the house will sell, availability of financing for buyers does effect the market. And then there are the transaction costs to sell a house, or what I term the law of gross versus net. No matter how a house is sold, the transaction costs are still there.
First of all the marketing cost. No matter how a house is sold you still need to find a buyer, whether that’s a real estate agent. Whether if you’re selling the house for sale by owner. You have to do the necessary things that’s going to attract the buyer. A buyer’s discount, again depending on the market there may be very little discount, or there may be a bigger discount if it is a buyers market and you need to be flexible with what you’re asking for you house. The closing costs, things like the closing fee, the title insurance, recording fees, inspections and buyers home warranty, which typically all buyers ask a seller to pay for. Then there’s the buyers closing costs paid for by the seller. Again, some of these things are certainly all negotiable. But anytime that a buyer buys, they will typically always ask a seller to pay for some or all of their closing cost so that they can get into the house for as little money as possible in most circumstances.
Again, this is all negotiable. But I just want you to be aware of what the reality is when you’re selling a house. And of course the repairs or needed updating to get the house into its condition that a buyer wants to buy it at.
The benefits that a realtor can offer to seller is that they should be your advocate and work exclusively for you. They should be experts and very knowledgeable in your particular market area and of market conditions. How things may effect the current market and the current pricing of houses. And they should have the experience to walk you through a negotiation and the transaction in general to get your house sold. They should be personally involved with every step of the transaction. If your house needs certain items they should have contacts, or for movers hopefully and for contractors to get small things done that need to be done in order to get the transaction closed. And they should be able to give you professional guidance on the transaction and making things go as smoothly as possible for you.
The benefits of a seller for Home Downsizing Solutions to work with you is that we use private funds so we can close when you want to. We don’t list houses, we’re here to buy. The seller doesn’t have to do any repairs or updating. We buy strictly as is, with any or all of the stuff in the house. We may pay up to $1000 in moving expenses. We can be very flexible with the closing and possession dates. And this way you won’t have to worry about any issues with a potential vacant house. And I’d like to think that we offer custom solutions that no other single agent or home buying company can with what we do for you.
The bottom line is that if you are considering downsizing, ask yourself what’s important to you. Items to consider, do you want to put your house on the market? Do you want to sell your house as is, or do you want to potentially worry about updates and repairs that an agent or picky buyer will want you to make? Do you want to deal with whole house inspections and appraisals? Do you want to deal with open houses or showings that may be at inconvenient times? The sometimes catch-22 of moving and transition to a new home and controlling that time frame. In general how much control would you like over the transition from your current house to your new home or apartment?
The other bottom line, we can provide multiple solutions. And we want to provide the best solution for your particular circumstance.
Thank you for watching, and if we can be of any help we would be happy to. Please check us out at www.homedownsizingsolutions.com. Thank you.
Market areas we currently provide services to:
Omaha, NE metro area
Kansas City metro area
Pensacola, FL metro area