It is understandable that the majority of homeowners see buying or selling real estate through a prism that appears both massive and complex. On the one hand you have the perceived intricacies of the transaction and on the other, the sheer cost of buying a house. Most homeowners only recall their own experiences and for the most part have never purchased or sold a home for cash.
So what most sellers really remember are the perceived complexities of finding the house and the grueling process of the overall transaction that usually included a bank or another type of mortgage lender. They remember the offer, the financing questions and the back and forth. The remember the lenders conditions, the real estate agents, the inspections, the appraisals, the delays and of course waiting for the closing.
It is difficult for most sellers to understand anything different from that process, let alone BELIEVE that there are cash home buyers in Stockton for every home in every neighborhood that can uncomplicated the entire process and literally make it all happen in less than 15 days.
Can you blame them? The whole of the marketing of the real estate industry is directing every homeowner to hire a real estate agent in a one size fits all approach, but what most homeowners don’t realize is that that in practice, that strategy only works for about 60% of the houses on the market.
Think about it… 60% is a big number and yet when I say that publicly I am chastised by real estate agents as not knowing the true numbers. But it is true. In football a field goal kicker that converted 602% of the time would be fired. In real estate that is almost 40 out of 100 houses that cannot be marketed and sold via the conventional wisdom of the real estate industry. Most homeowners know about houses lingering on the market for months at a time and still take that chance anyway because the notion of selling any other way is just not that mainstream and nobody wants to make a mistake.
So our preconceived notions about local real estate investors buying houses for less than market value are fed by folklore and real estate agents that need you to believe that cash home buyers in Stockton are just out to make a buck, and ” buy a house cheap at the seller’s expense.”
Sure, we have all heard about the cash home buyer in Stockton that will “lowball an offer” just to see if the seller will accept. I can attest that in a buyers market it happens all of the time and between 2008 and 2013, there were many sellers begging anyone to buy their house to save whatever equity they had remaining. They were losing everything. Did the banks rescue them? Did the real estate agents that remained? The real sad commentary that goes along with that is that real estate agents, even the good ones, were nowhere to be found and could not find qualified buyers for those houses because lenders were circling the wagons out of fear of losing more money.
Mainstream? There is nothing mainstream about ditching the conventional wisdom that directs homeowners to real estate agents. It has been ingrained in our psyche for the past 50 years despite the failures of the approach. Year after year there have been no outlets for some houses, it is here to stay for a while longer. There are many reasons and the most obvious is that most homeowners just don’t know that cash home buyers in Stockton are here and willing to buy houses in any condition, for cash without any inspections or appraisals. It is why I write these articles about how I help hundreds of families in the central valley get out from underneath some real problem properties.
Cash for Houses in Stockton
If you are an owner of a house that has challenges, there is a built in pool of cash home buyers looking for houses to purchase that otherwise cannot be or should not sold on the open market. For today’s article, I want to give those sellers a glimmer of hope and nudge them in the right direction and talk about my favorite subject… My Company and how the best Cash House Buyers in Stockton can help.
We’ve all seen the “we buy houses in Stockton” and “cash for houses” signs around town… even in other cities across California… so who are these cash for houses buyers in Stockton , Sacramento and Modesto? Are they for real? How does it work? Who can I trust? What is the upside or the downside of working with them… As the homeowner what are my risks? Do I need a real estate agent and is the cost of the commission for that agent going to be made up for with an increase in the sales price?
I write these articles to educate and to answer all of these questions. The answers are pretty straight forward, but unless you have done any research or talked to any cash home buyers personally, you would really never know it. On face value then, the cash house buyers in Stockton are conceptually just messages on bandit signs hanging around town, but the concept and the real estate investors behind them are very real and very serious about what they do.
My name is Peter Westbrook, and I am a cash house buyer in Stockton, Sacramento and Modesto. I can assure you that the solutions that we have provided for the hundreds of families and houses over the past 10 years are very real and have allowed families to pocket more money than if they listed the house with a real estate agent.
Selling Fast: Who Are The Cash for House Buyers in Stockton?
Selling your home in today’s real estate market, isn’t always the easiest thing to do. There are just so many reasons homeowners become sellers and in today’s world, the last thing anyone should do is just hire the first real estate agent or cash home buyer without doing their homework. What I have found in my own life is that it takes the same amount of time to hire the best person for any job than it does to hire the worst. In the end, the difference will always be the cost and as the homeowner that will always rest on your shoulders.
As a homeowner you should understand that the cost of a mistake to you could be a large portion your equity and your best choice may not always what what the knee jerk reaction is telling you it should be. Conventional wisdom is powerful and persuasive. I have been up against it my entire professional career. Whether its the billion dollar logo of a nationwide real estate brokerage or a nationally based I-Buyer, sometimes the local solution is just the best person.
I Need to Sell My Stockton House Fast
Luckily, there are ways for any Stockton homeowner to accomplish that by selling to Cash for houses buyers in Stockton. This is not like a payday loan that ends up costing you money. To the contrary, real estate investors make all cash offers and close quickly and eliminate real estate problems by taking an unwanted property off your hands so you can move on with your life.
Those cash transactions will also relieve any pressures of repairs so you can sell your Stockton California home as-is. Selling your house to the RIGHT cash buyer can be a quick and easy but it may take some research.
First ask yourself: Who are the cash house buyers in Stockton? How do you find them? Can I do some research on them in advance? Should I just pick the first one that I talk to? Are they all the same? How do Cash Home Buyers Come Up with an Offer or a Price? How do I know that it is a fair price?
The short answer is that Cash buyers are investors (some locally based, like me at Westbrook REI… and some are nationwide and others regional and usually out of town).
My objective is to create win-win situations and help homeowners like you accomplish your goals. Most of the time that means simply talking about the house, looking at all of the comparable sales, understanding the challenges that each house hasand structuring an offer by coming up with a mutual agreement for the best possible price on your house. That usually means the fair market value of the house minus the cost of repairs and some holding cost. No real estate agent commissions, no inspections, no appraisals and no bank approvals.
Quick Tips to Remember When Looking For Reputable and Local Cash for Houses Buyers in Stockton
Experience matters a lot. Most people that want to sell a house in less than perfect condition just want to walk away without any liability. That means no residual responsibility and no regrets. It is important. As the seller you should be looking for four things when you hire people. Look for intelligence, initiative, energy and integrity. If the people you talk to can’t display or give you a feeling of a sense of integrity, then walk away. Why would you hire someone without integrity? The trick is simple… homeowners need to treat anyone they are interviewing to purchase their home with a bit cynicism. There is nothing wrong with trusting as long as you are willing to verify everything that is said. Whether it is a real estate agent or investor, the standards should be high and both should be able to prove to you who they are and why they should be trusted.
- For Investors… Ask for references from other sellers, or more importantly from Title Companies
- Verify their Funds
- Have them prepare a Comparative Market Analysis for the Fair Market Value of Your House (Zillow does not count)
- Look for the People with Integrity and with experience of at least 7 years
- Know that Not Everyone is the Same
Price it right – When selling to cash for house buyers in Stockton, they should be buying with all cash. If they are getting a loan then make sure that the time frame fits your needs and demand a time frame of closing within 15 days. A bonafide real estate investor in Stockton should be able to buy your house in as little as 7 days from today if you wanted to sell that quickly… Compare that to waiting 30 days to 9 months to sell your house with a “listing agent” and the savings are huge. What it means is that a professional house buyer is NOT going to be as particular about the condition of the house as a retail buyer (someone living in the house) that would be getting a loan to make the purchase.
You will not have to spend tens of thousands on repairs or upgrades, endure inspections or appraisals or the cost associated with the one to three rounds of repairs that any of the above uncovered… or deal with a fickle retail buyer that will use financing, inspections, appraisals and repairs to back out of the deal at the last minute.
With a real estate investor in Stockton you dont need to worry that the house is less than perfect due to, dry rot, termites, foundation issues, cracks in the walls, older roof, paint, carpet, bathroom or kitchen updating, etc. Without the retail buyer there will be no contingencies or requests for repairs for you to take care of. Unless of course you have the time and money to do that. If so, then listing the house to find a retail buyer, may be right for you.
With a cash Buyer you’re getting a quick and hassle free sale. Cash in your pocket so you can move on with your life! Please look at this article on pricing your home to sell. Most buyers and sellers understand that there is a tradeoff.. so we recommend that sellers don’t go into the process with expectations of getting the same price on a quick cash sale that closes in a matter of days or weeks that you COULD get with an agent listing your house to find the ideal retail buyer for months and months and months… after you spend tens of thousands of dollars.
Also consider in your pricing the fact that local cash home buyers in Stockton, like me don’t charge any fees or commissions. So consider that a savings right there!
Be honest – What this should really say is just tell me what is going on… the house and its condition are what they are… I assume that your house needs repairs. As a general contractor and an experienced cash home buyer in Stockton, I can see into most houses. I have a sense about what is wrong with a house because I have taken apart so many. I understand construction techniques from at least 2 centuries. I am not expecting a detailed list of everything that is wrong and at the same time you dont want to hear me nit-pick all the little details either. I know that when a seller is giving descriptions of problems what the repairs and cost typically are.
No, while I can peer into most houses, I can’t see through walls or into the ground to know that the clay sewer pipe of clay has collapsed, but if the tub or toilet is backing up I can suspect it. I know property values, because unlike a real estate agents, I ACTUALLY BUY HOUSES and I PAY CASH. Repairs? I am not afraid of them… to me it is just time and money.
So, my advice to you is just be aware that an experienced cash buyer will do their homework, so hiding a deferred maintenance issues is certainly possible, but they are NOT going to potentially hinder a sale in the name of saving a few bucks. In most cases I dont even ask because I am not expecting you to know… Just be honest with your buyer and they will work with you.
Be flexible – Cash house for buyers in Stockton can often come up with creative solutions to your problems. They are flexible and most of the time they will steer you in the right direction. I am always willing to share and listen to make the best recommendation based on your situation.
Sometimes after talking to many local Stockton area house sellers we’ll find out that there are other options that make a lot more sense than selling the house… For me, I am flexible coming in and I’ll let you know what we feel the best options are for your situation. If it means us buying your house that is a win-win for everyone! If it means you selling your house another way (or even finding a way to stay in your house)… that is even better… I look for opportunities to buy and educate and I am in a unique position to do both every single day.
At the end of the day all we care is that you’re taken care of. You know what your options are and we can explain the process. That’s how we survive and get glowing Google reviews that end up referring their friends and family when they need to sell their Stockton, Sacramento or Modesto houses.
The bottom line is, regardless of how daunting the task of selling your home may appear, sometimes all it takes is finding out who is the best cash for houses buyers in Stockton.