Residences

How to Sell Your House Fast to the “We Buy Houses” Guys, Safely

If the current chaos in housing and the economy all of a sudden has you seeing little yellow signs and big billboards that say, “We Will Buy Your House” you probably need to sell a house fast and may be wondering who are these guys behind the signs and can they really do anything to help.

The signs have been around for probably three decades, but like everything else, you only see the things that are of immediate importance to you. While anyone can buy and sell houses in the United States most people only buy and sell the house they live in or expect to live in.

Buying houses without the expectation of living in them-as a business, really started to take off about 30 years ago when a number of seminar speakers crossed the county selling training in buying and selling homes for profit.

Like any business, you can expect a number of the people who buy houses to be skilled, honest professionals and others not so skilled and some-that you would want to avoid.

The bottom line is that some of these people can in fact help you sell a house quickly, sometimes in a few days, and solve problems. Others, I have found, will not even answer the phone or call you back, if you call and leave a message. Strange as it may seem, I have found that this reluctance to follow up on a lead happens in a number of areas in sales.

So the first thing I would suggest in selecting a House Buyer to deal with is call several, see who answers the phone, and see who comes out to your house and arrives when they agreed to arrive. Not high tech, but a good start.

Who am I to tell you how to sort through these guys? I happen to be one of them and have been doing creative real estate for two decades in Florida, was previously a stock broker and financial reporter for the Chicago Tribune. It is sort of like going to a hacker to find out how to make your computer operation safe.

And as one of them, let me assure you there are good, competent people, who are able to raise the money it takes to buy and are knowledgeable of the way real estate works where you live.

There are also, and always, waves of new people who are learning how to buy houses and some of the people who need to sell a house fast will be helping these newcomers learn the trade.

In addition to seeing if they answer the phone and actually arrive at the time agreed for an appointment, I would want to know how long the person has been buying houses and how well they do it. In the second installment of this series, we will look at methods of checking them out and in the third article we will be looking at phrases in the contract they offer you that you may want to avoid.

One of the biggest pluses that the best of these guys and gals will bring to the table to help you is that they have been taught that there are a number of ways to sell a house, methods that have been used in commercial real estate for years but that are rarely used in residential real estate.

I learned the use of these creative methods the hard way twenty some years ago when I lived on the East Coast of Florida and unbeknownst to me had bought a house in an area where a garbage burning incinerator was planned. It was to be built about a mile from where my house was and when I was ready to sell the house to move to the Tampa Bay area, I could not sell.

Everyone knew of the plans when I was ready to sell and no one wanted any of the houses in my area. I finally left the house with a real estate agent and moved while bearing the cost of two homes.

While a lot of real estate agents do not like creative real estate, my agent was knowledgeable and suggested a way to sell my house. We were scarred, but after thinking about it we sold and it worked out fine.

There was a risk in what I did then and a risk in any creative answer to a real estate sales problem, but my experience was what eventually sent me into the We Buy Houses business and in the next several articles we will tell you how it may help you and discuss the risks.

Business, Company, Residences

Buy Property in Singapore: A Step by Step Guide

Singapore is a small country and land area is scarce. Titled properties or land properties are expensive and are considered a luxury as well. Here is the arena residences price in Singapore and Because of this, the real estate market is mostly composed of high rise condominiums and apartment buildings. Generally, there is about 80 percent of Singaporeans who live in these high rise buildings which are managed by a government arm while others occupy private apartments, landed properties and exclusive condominiums.

The growth of the population in Singapore is also contributed by the rapid influx of foreigners to the country. Because of the liberal economic market that Singapore has, foreigners are drawn to make this country their second home. In doing so, it is advisable that foreigners look into the different kinds of properties most especially because they each have their own foreign ownership restrictions. When you buy property in Singapore, make sure that you already know the general classifications of the properties that have been set by the government.

When you buy property in Singapore, the different kinds of properties include: private apartments that are divided into apartments or condominium units; landed properties that are further classified into semi-detached houses, terraced houses, detached houses, shop houses,and exclusive bungalows; HBD flats or those that are maintained by the Housing and Development Board, a government subsidiary and the most affordable housing unit in the country; and the executive condominiums specifically for the young professionals. Foreign ownership restrictions are strictly implemented in this country. Originally, when foreigners buy property in Singapore, the could only live in small apartment units or buy landed property as long as they produce documents such as a valid working permit or students pass. Recently, however, the government has already relaxed this rule for the purpose of attracting more foreign investments. Now, foreigners that have the status of a permanent resident or have become a Singaporean citizen can buy HDB flats directly from the government or through re-sale. When you buy property in Singapore, there are different criteria when it comes to being qualified to acquire an HDB flat, which, in brief, are the following: having a Permanent Residency Status, at least 21 years of age, must either be married or have the intention to get married, have parents or siblings or children, combined income of not more than S$8,000 per month if you opt to apply for a Housing grant.

When you buy property in Singapore, it is always best to get the help of a solicitor. This will help you expedite the process especially when it comes to the different legalities intertwined with buying a property. Before signing the contract, you should also be sure that you already have the necessary funds, especially for the reservation deposit. Financing can be an option for foreigners. When you buy property in Singapore, there are also other important processes that are essential as well because they involve the documentation process. These include the Option to Purchase document that officially gives you 14 days within which to decide whether you will purchase the property or not, an Offer to Purchase document where there is no time involved but you want the offer to be binding already, a Sales and Purchase Agreement where a caveat is already lodged on the property, and the Fees and Commissions.