Hands On Real Estate Investing

If you are unable to pay your mortgage and/or you decide it’s time to sell, believe it or not, a pandemic is the best time to sell! People are desperate to leave cramped living conditions in cities and move back to the suburbs. Quickly prepare your home for sale by (Tip #1) cleaning the home from top to bottom. Paint the home from top to bottom. If something looks dingy, paint it! We had old, dingy bathroom vanities. Instead of replacing them, we painted them. Next, (Tip #2) vacate your home if possible. Buyers are afraid to visit and tour homes when the owners are living in the home. They are afraid to catch Coronavirus COVID-19. Clear out the furniture and put it in storage. Live with a friend or relative while the property is on the market. Once you have a ratified contract, you can move back in while waiting for settlement. Finally (Tip #3), offer seller closing cost help. If you have equity in your home, offer to pay 2 – 3% of the selling price towards closing costs to help the buyer. Closing cost help is a huge incentive for the buyer. We just went through this process when selling a rental property. The house was on the market for 3 days and we received 5 offers!

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The opinions expressed herein are solely those of the Author/WebMaster. Before taking any action, please consult your real estate, financial, and legal advisors.