Cash Flow Mercenary Academy http://cashflowmercenaryacademy.com How to Buy Your FIRST Cash Flow Property Sun, 22 Jan 2017 17:41:08 +0000 en-US hourly 1 Why Won’t My House Sell In Metro Detroit? http://cashflowmercenaryacademy.com/why-wont-my-house-sell-in-metro-detroit/ Sun, 27 Sep 2015 07:00:00 +0000 http://cashflowmercenaryacademy.com/why-wont-my-house-sell-in-metro-detroit/ You’re trying to sell a Metro Detroit MI house that just won’t sell? And yet – the news says the real estate market is heating up. The media is practically shouting again about multiple offers, high demand, and record-setting prices. So where’s your contract? These tips could be just what you need to help you sell your […]

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You’re trying to sell a Metro Detroit MI house that just won’t sell?

And yet – the news says the real estate market is heating up. The media is practically shouting again about multiple offers, high demand, and record-setting prices.

So where’s your contract?

These tips could be just what you need to help you sell your Metro Detroit home.

Why won’t my house sell in Metro Detroit? – 6 Tips To Cure It

1) Get good help.

Just like before, there are novice agents and investors rushing into the booming market trumpeting that they know what they’re doing.

But they don’t. They’re getting hit hard with the nuances of financing, deal structure, and evaluation. Seriously, chances are good that real estate is your biggest investment – don’t trust just anyone’s advice. If you want great results, partner with the pros.

2) Don’t make too many improvements.

Too often we see over-improved properties – those where the owners have gone too far. Even with the best of intentions, exceptional craftsmanship and true artistic talent, it’s incredibly challenging to exceed what the market is paying. Plus, most buyers want to add their own custom touches. Get rid of all the clutter and think “neutral”.

3) Do make necessary improvements.

Unfixed stuff scares buyers. Show that you’ve been a responsible property owner and get all the little details fixed.

Don’t leave gaps in the trim or plates off of the switches. Get it inspected by a professional home inspector, and show off the healthy home report. This goes a long way towards establishing confidence that they’re making a good purchase.

4) Style and design matters.

Curb appeal is as important as the inside – so don’t neglect one part of the property to improve the other. Give buyers a cohesive impression of great style. Paint the walls, update the landscaping, and most of all – keep it immaculately clean. Consider hiring a professional designer to help tastefully stage the property.

5) Pricing matters a lot.

If you’re getting a lot of showings but not a lot of offers, you might not be too far off in price. If your best efforts to advertise your property aren’t making the phone ring, you’re probably overpriced.

6) Every property will sell – sometime.

There’s no magic formula – but there’s no substitute for experience.

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If you need to sell a house near Metro Detroit, we can help you. We buy Metro Detroit MI houses.

We buy properties like yours from people who need to sell fast.

Give us a call anytime (248) 470-8170 or fill out the form here today!

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I Inherited a House, What To Do? – Should I rent or sell in Metro Detroit? http://cashflowmercenaryacademy.com/i-inherited-a-house-what-to-do-should-i-rent-or-sell-in-metro-detroit/ Sun, 20 Sep 2015 07:00:00 +0000 http://cashflowmercenaryacademy.com/i-inherited-a-house-what-to-do-should-i-rent-or-sell-in-metro-detroit/ First, we’re so sorry for your loss. This can be a very challenging time for many reasons, and dealing with property ownership is tough at the best of times. You’re thinking, “I inherited a house, what to do with this house?” Should I rent it? Should I sell it?  How should I sell it? Tons […]

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First, we’re so sorry for your loss. This can be a very challenging time for many reasons, and dealing with property ownership is tough at the best of times.

You’re thinking, “I inherited a house, what to do with this house?” Should I rent it? Should I sell it?  How should I sell it?

Tons of options open for you, but…

… we can help.

We’re seasoned investors in Metro Detroit real estate, and we’re looking to buy several houses each month in the Metro Detroit area. Every month we get calls from those who have inherited a house and are looking to sell the house… so the info below are some tips to help you navigate the process.

I Inherited A House, What To Do Next?

Here’s a few important considerations to help you make the right decision:

1) Make sure the mortgage is paid.

This may sound obvious, but if the person who left you a property also had a mortgage (unless it had no mortgage and was paid off, which is great!), you have to pay it (assuming you want to keep the property). Some banks will allow you to assume the loan, while others may force you to refinance into a new loan. If you don’t qualify for a new loan, renting may not be an option for you.

2) The investment is only as good as the manager.

If dealing with brokers, maintenance, tenants, rent collection and all the nuances of property management isn’t the best use of your time, hire a professional to help you or cash out now.  Some people who inherit homes decide to keep the house and rent it for extra income. That’s a great strategy for sure. You just need to be prepared to manage the property and the hassles that can go along with tenants and toilets.

3) Property ownership costs money.

It’s rare to see a building that’s been perfectly maintained. Most inherited houses need major improvements.

Consider hiring a professional property inspector to give you a detailed rundown on what you’ll need to do within the next five years, along with estimated costs. Surprises are very, very expensive.

4) Selling a property for top dollar costs money.

If you don’t want to deal with making repairs, updating kitchens, improving landscaping and overall cleanup, don’t worry. We buy Metro Detroit houses for cash, as-is.

5) If the market will continue to grow faster than your other options, hang on to the investment.

We can help you analyze the value of your property today versus the long-term benefits of renting. If you can use the equity in your property in another way that outpaces the performance of the real estate market, you should. If you don’t have anything better to do with the money and the neighborhood is rising in value, hang on – real estate can be a great investment if you know how to correctly read the market.

6) Uncle Sam wants a piece of the action.

Don’t forget to discuss your inheritance with tax and legal professionals before you take action. There are major property and income tax consequences that will dramatically impact the cost of owning your investment.

7) Consider all your options.

In certain situations we may be able to help you structure a lease-option agreement that allows you to rent and sell at the same time – capturing the best of both worlds. These kinds of deals can be complicated, but our Detroit investment experience can help you win.

8) Compare a few scenarios.

We’ll help you determine prices for any property near Detroit – if you sold it today without doing any work, the highest price the market will bear, and the projected value of keeping it as a rental (along with the costs).

Just call us today at (248) 470-8170 or contact us now for more information
on how we can make you a fair cash offer on your inherited house today!

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Pros And Cons Of Selling Your Home To A Real Estate Investor http://cashflowmercenaryacademy.com/pros-and-cons-of-selling-your-home-to-a-real-estate-investor/ Fri, 18 Sep 2015 20:26:15 +0000 http://cashflowmercenaryacademy.com/pros-and-cons-of-selling-your-home-to-a-real-estate-investor/ I found a great article in Forbes the other day about the Pros and Con of selling an estate home to a real estate investor, and I wanted to pass it along, since it’s 100% relevant to what we’re about on this site….. By Monte Mohr If you have a home listed for sale, chances […]

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I found a great article in Forbes the other day about the Pros and Con of selling an estate home to a real estate investor, and I wanted to pass it along, since it’s 100% relevant to what we’re about on this site…..

By Monte Mohr

Pros And Cons Of Selling Your Home To A Real Estate InvestorIf you have a home listed for sale, chances are you’ve either noticed the abundance of roadside signs that read, “We Buy Homes Fast!” or perhaps you’ve even received an offer to purchase your home from a real estate investor.

The real estate market has changed dramatically over the last decade and it’s becoming more and more common for a typical home seller to encounter investors.  But if you’re like most home sellers, this may be your first experience dealing with investors.  So, what are the pros and cons of selling to an investor?

Pros of Selling to Real Estate Investors

  • Flexible Payment Options – Investors may offer various payment methods such as certified funds, cash, pre-scheduled cash payments, or perhaps they may even take over the existing mortgage completely.  With multiple options available, sellers may find a solution that suits their needs.
  • Cash Offers – Quite often investors are willing to pay cash for a home and with the recent tightening of financial restrictions, coupled with the growing number of complaints about low appraisals, having a cash buyer has become even more appealing.
  • Selling “As Is” – Typically, investors offer to purchase a property “as is,” many times sight unseen.  As a seller, that allows you to avoid any costly repairs that would normally be considered your financial responsibility.
  • Fast Closings – There are investors who can close within 7 days.  How is that possible? Because the sale of the property is not reliant on approved financing, appraised values, home inspections, or the like; bypassing all of these steps expedites the process considerably.

Cons When Selling to Real Estate Investors

  • Investors Do Not Need a License to Buy – This means as the seller, you know nothing about the person/entity offering to buy your home.  Some investors are corporations, but some are individuals who just happen to also be real estate agents.  This is cause for concern for many sellers because they question the motive behind the purchase; do they want to buy my home to resell it for more?
  • There are Plenty of Scam Artists Posing as Investors – There’s a risk of fraud in any financial transaction, but it’s especially critical to avoid scams when dealing with your largest asset.  To avoid any issues, get the name of the investor and do research online to see who they are, ask for references, look them up with the Better Business Bureau, and ask your listing agent to do some research on your behalf.
  • Homeowners Will Likely Sell Below Market Value – Investors have their own costs to contend with and you can be assured that those costs will be factored into their offered price.  Investors are also aware of the power behind their cash offer and the fact that they are taking a risk by purchasing “as is.”  They may be relying on your motivation to get out quickly.   Whatever the reason, it is unlikely that an investor will pay market value for a home in its peak condition.

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Foreclosure notice of default in MI– what is it? http://cashflowmercenaryacademy.com/foreclosure-notice-of-default-in-mi-what-is-it/ Sun, 13 Sep 2015 07:00:00 +0000 http://cashflowmercenaryacademy.com/foreclosure-notice-of-default-in-mi-what-is-it/ If you’ve gotten a foreclosure notice of default and want to know what the heck is going on, keep reading. Basically, a foreclosure notice of default is a document that has to be filed by a lender to start the process of foreclosure. The foreclosure notice of default must be sent to anyone who has […]

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live in Metro Detroit and get a foreclosure notice of default?

If you’ve gotten a foreclosure notice of default and want to know what the heck is going on, keep reading.

Basically, a foreclosure notice of default is a document that has to be filed by a lender to start the process of foreclosure.

The foreclosure notice of default must be sent to anyone who has an interest in the property (any other loans, lenders, or even contractors who are owed money for work done to a property will get a copy).

The foreclosure notice of default must also be published in a newspaper and physically posted in a prominent place on the property itself.

Although this can be really embarrassing to someone going through foreclosure, it’s actually a very important protection for consumers.

Back before US law required a notice of default, people were sometimes foreclosed on without any warning.

In fact, it’s happened even in the past few years – at least one bank has accidentally foreclosed on the wrong property and kicked people out of their house without due process or warning. It’s even happened around Franklin.

The notice of default is a very important step within the foreclosure process that gives people with an interest in the property to step forward and claim their rights – before it’s too late.

If you’ve received a notice of default, don’t wait. Time is definitely of the essence, and you should take action.

Here are a few key steps you should take:

1) Stay calm and don’t panic.

This may sound obvious, but it’s probably the most important. Anyone in foreclosure is dealing with a lot of stress beyond just the property. These situations don’t happen overnight, and they take a while to solve. You’ll get through it by practicing good coping techniques and taking good care of yourself and your family. Panic leads to bad decisions, so stay cool.

2) Educate yourself.

Learn everything you can about the foreclosure process in your state so that you know what’s happening and what’s coming up next.

3) Gather your resources.

There’s also many non-profit and government resources available out there. You’ll want good legal and tax advice along the way. Definitely don’t try to do it all yourself. This stuff is super complicated with lots of rules.

4) Learn your options.

We’re here to help you avoid foreclosure. We buy houses with cash. We can help you with short sales and even rent-back situations so you (potentially) may be able to keep living in your home. There are many more options than you think.

5) Communicate.

The banks involved don’t want your property. They want money, and what you say matters a lot. You can slow down or stop the foreclosure process if you take the appropriate action.

Want to know more?

Call us anytime (248) 470-8170 or connect with us on our website
and we’ll lay out all of your options for your specific situation.

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Help, I’m behind in my mortgage payments in Metro Detroit! http://cashflowmercenaryacademy.com/help-im-behind-in-my-mortgage-payments-in-metro-detroit/ Sun, 06 Sep 2015 07:00:00 +0000 http://cashflowmercenaryacademy.com/help-im-behind-in-my-mortgage-payments-in-metro-detroit/ Behind on your mortgage? Read this article for a few tips on what you can to do prevent and avoid foreclosure When you fall behind in your mortgage payments on your Metro Detroit home, it can feel like you’re drowning in debt. Even if you’re able to make your monthly payment, catching up on a […]

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behind-on-mortgage

Behind on your mortgage? Read this article for a few tips on what you can to do prevent and avoid foreclosure

When you fall behind in your mortgage payments on your Metro Detroit home, it can feel like you’re drowning in debt.

Even if you’re able to make your monthly payment, catching up on a past due balance can be an overwhelming challenge.

There’s a few options that can help you to avoid foreclosure in Metro Detroit and maybe even keep your house, even if you’re seriously behind in payments. Lots of properties in Metro Detroit have been lost to foreclosure, but there are many ways to avoid it.

1. Bankruptcy:

This is usually the tool of last resort. If you’re being crushed by lots of debt, bankruptcy can be a good way to negotiate with lots of lenders at once. It’s a lot of work, and it won’t help you avoid your mortgage. Different lenders will treat your circumstances in unique ways. You’d benefit from serious professional help – the best you can afford.

2. Reaffirm:

This can be a good card to play, but it may come with some unseen penalties. Basically, reaffirming the loan is an additional commitment to pay. In some states where it’s allowed, an affirmation can create additional liabilities if your property is auctioned.

3. Making Home Affordable (MFA):

If your mortgage qualifies, you might be able to participate in MHA. Any loans backed by Fannie Mae or Freddie Mac must be considered for MHA, and other lenders choose to participate in MFA.

With MFA, your payments and/or interest rates might be lowered – even the principal balance (if your home is worth less than you owe). If you’re unemployed, you might be able to get your payments temporarily suspended or reduced.

MFA is a government program, so be prepared to deal with lots of paperwork. It ain’t free money – you gotta work for it.

4. Negotiate with your bank:

Lots of lenders routinely offer some level of assistance. You have to work hard at it, but you might be able to get your interest rate reduced, or a temporary reduction in your payment.

Most of the time, lenders will want to steer you to refinance your loan – but by the time you’re a few payments behind, you probably don’t qualify for a reduction in interest rate.

You have to work really hard to negotiate with a bank. Usually it takes lots of calls and the patience of a saint to get through the bureaucracy. Never, ever act rude. Ask for help from everyone you speak with, but don’t sound desperate. Explain your situation, offer supporting documents, and reassure the bank that you want to live in your home for the long term.

If you’re in need of a temporary fix and want to stay in your home, most banks can be forgiving. Sometimes they’ll be willing to add a few months of payments back onto the primary balance of your loan. It’s all dollars and cents to them, so remind them that you need their help to give them a lot more money in the long run. If they have to sell your house at a foreclosure auction, they’ll take a huge loss.

That sounds obvious, but for some reason bankers seem to forget it when saying no to someone in need of help.

5. Borrow money from a private investor:

If you’re behind in your payments and need to sell fast, we can help.

In certain circumstances, we may even be able to help you stay in your home.

We work with homeowners in Metro Detroit to find solutions to foreclosure problems.

We’ll let you know how we can help.

Give us a call now at (248) 470-8170 or
fill out the form on this website to get started.

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The State of the Market for Buyers in Metro Detroit MI http://cashflowmercenaryacademy.com/the-state-of-the-market-for-buyers-in-metro-detroit-mi/ Sun, 30 Aug 2015 07:00:00 +0000 http://cashflowmercenaryacademy.com/the-state-of-the-market-for-buyers-in-metro-detroit-mi/ Is it still a buyer’s market today in Metro Detroit? As experts in the Metro Detroit real estate market, we get asked this question a lot. The answer isn’t as simple as yes or no. First off, it really depends on the property type and location. Single-family homes in great locations that are priced well […]

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Is it still a buyer’s market today in Metro Detroit?

As experts in the Metro Detroit real estate market, we get asked this question a lot.

The answer isn’t as simple as yes or no.

First off, it really depends on the property type and location.

Single-family homes in great locations that are priced well have been flying off the shelves. There’s a lot of demand in the market for certain areas, while others can seem like ghost towns.

Buyers are often looking for the same thing – good neighborhoods, access to transportation, shopping, good schools, close to work, etc. Properties that deliver all these are definitely a hot commodity. Sellers with a highly desirable property are in control of the market.

But for condos and townhouses – especially those a little off the beaten path, or with some funky features – it can be quite a different story. Prices were down in certain areas of Metro Detroit, but seem to be rebounding as the rental market increases.

Investment properties are in demand. The massive amounts of foreign cash flooding in to invest in US real estate have impacted the Franklin market in unique ways.

Overall, those people in a position to pay cash for properties have been picking up the good deals in the marketplace.

Lots of sellers are trying out speculative prices just to see if anyone bites, but most investors are walking away from deals that don’t pencil out.

Financing is still a major obstacle for buyers. Banks are being incredibly strict, requiring lots of money down and even changing their terms at the last minute. It’s not uncommon for approved buyers to get their loans pulled right before closing escrow, although it’s getting better than it was just a couple of years ago.

Overall the markets remain incredibly polarized – there is a lot of action at the very top and the very bottom, with the biggest challenges in the middle.

Sound confusing? It is. But We Can Help.

There’s a lot of shakeup in the US economy still taking place, and the markets are moving fast in lots of directions at once.

We’re investing in Metro Detroit because we believe in the community and the people here.

If you need to sell a property near Metro Detroit, we can help you.

We buy properties like yours from people who need to sell fast.

Give us a call anytime (248) 470-8170 or fill out the form 
over here today if you’re looking to sell a Metro Detroit house fast!

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Can I give my house in Metro Detroit back to the bank without an expensive foreclosure? http://cashflowmercenaryacademy.com/can-i-give-my-house-in-metro-detroit-back-to-the-bank-without-an-expensive-foreclosure/ Sun, 30 Aug 2015 04:00:00 +0000 http://cashflowmercenaryacademy.com/can-i-give-my-house-in-metro-detroit-back-to-the-bank-without-an-expensive-foreclosure/ Trying To Avoid Foreclosure in Metro Detroit? You may be considering giving your house back to the bank.. is it a wise decision? Can I give my Metro Detroit Michigan house back to the bank without an expensive foreclosure? The answer is YES !  (but with caveats, read below for more details) There are many […]

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Can I give my house in Metro Detroit back to the bank without an expensive foreclosure?

Trying To Avoid Foreclosure in Metro Detroit? You may be considering giving your house back to the bank.. is it a wise decision?

Can I give my Metro Detroit Michigan house back to the bank without an expensive foreclosure?

The answer is YES !  (but with caveats, read below for more details)

There are many ways to avoid an expensive foreclosure in Metro Detroit.

Your first step if you’re trying to avoid foreclosure in Metro Detroit is to speak with your loan provider immediately to examine your choices to prevent home foreclosure.

You have to take action prior to getting too far behind on your mortgage payments in order to halt house foreclosure. You should contact your financial institution once you know you are likely to miss a home loan payment and inform them what is going on with your financial situation.

Your mortgage loan organization would rather work something out with you so they do not generate losses on your property by going through the actual foreclosure process.

You need to be open and honest with your mortgage company.

They may work something out with you that cuts down your rate of interest, which would reduce your monthly payment. In case you miss one or two payments but then are capable of start paying once again, they can usually add those repayments back onto your home loan and consider you caught up on your mortgage. The financial institution will not accommodate you if you do not talk to them about what your situation is ahead of time is and asks for help.

Your mortgage loan bills or your card payments?

You’ll be able to prevent home foreclosure by ensuring you consistently pay your mortgage loan prior to any bills. Your house loan is an essential monthly bill you have. Credit cards should never take priority over your house loan repayment. You can deal with the consequences of not paying your cards a lot easier than you can the implications of failing to pay your mortgage.

Not paying your mortgage loan is the worst thing you can do with regard to your credit score. Getting behind on other sorts of debt like credit cards will never harm your credit as much as getting behind on your home loan. Not paying your mortgage loan could cause you difficulties with your credit cards in any case, so they ought not to be a priority when you have to pay your monthly dues.

Is selling your house in Metro Detroit Michigan a way to avoid foreclosure?

One way to prevent home foreclosure is to try to pay your house loan off by putting up your property for sale.

You could probably be free from the financial hole you are in by selling your house for sufficient cash to pay the home loan off.  And sometimes you may be able to have money left to start over again. This is an excellent approach to prevent foreclosure of your Metro Detroit house and avoid a disaster on your credit score at the same time.

Another way to stop property foreclosure in Metro Detroit is to really cut your spending right down to the bare minimum. If you’re able to reduce your expenses adequately you could avoid having to offer to sell the house you love. For anyone who is self-employed, one method to spend less would be to stop renting an office and make a workplace at home. You could also think about selling a car and having just one that you share.

You can definitely proactively do something to stop your home from going into foreclosure and harming your credit and financial situation even further.

We Buy Local Metro Detroit Houses… Can We Make You An Offer?

Here at Sell Inherited House Detroit we buy houses in Metro Detroit Michigan and surrounding areas and we may be able to help you get out of your house and avoid foreclosure.

The process is really simple:

  1. Fill out the form over here, or call us at 248-470-8170 and we’ll make you an offer within 24 hours
  2. If you accept the offer we’ll get the documents drawn up and come out and visit you in your home to go over the paperwork
  3. We buy your house when you want us to (in as little as 7 days) at a reputable local closing agent

That’s it!

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How to Find a Good Real Estate Agent in Metro Detroit http://cashflowmercenaryacademy.com/how-to-find-a-good-real-estate-agent-in-metro-detroit/ Sun, 23 Aug 2015 07:00:00 +0000 http://cashflowmercenaryacademy.com/how-to-find-a-good-real-estate-agent-in-metro-detroit/ Hiring a real estate agent in Metro Detroit can be frustrating. So what are the steps on how to find a good real estate agent in Metro Detroit? Many local large real estate brokers will spend thousands of dollars each month to ensure that their agents are the most visible, whether it be online, in the […]

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Hiring a real estate agent in Metro Detroit can be frustrating. So what are the steps on how to find a good real estate agent in Metro Detroit?

Many local large real estate brokers will spend thousands of dollars each month to ensure that their agents are the most visible, whether it be online, in the Yellow Pages, or by erecting giant billboards in the most trafficked sections of Metro Detroit.

However, the agents backed by the most promotion dollars aren’t always the best, and may not be a good fit for your circumstances. In today’s piece, we’re going to look at how you can find a good real estate agent in Metro Detroit.

[NOTE: If you need to sell your Metro Detroit house fast and can’t wait the 3-6 months+ it is taking to sell a home on the local market… we may be able to help by buying your house from you. We can make you an all-cash offer within 24 hours on your house in as-is condition. ]

How To Find A Good Real Estate Agent In Metro Detroit – Get Reviews… Real Reviews

Online reviews of real estate agents are easily manipulated, and can be often times little more than paid advertisements. It’s important to get honest reviews from any agent that you’re considering, and any reputable agent will be glad to provide you with recent clients.

Also, reviews are one of the best ways to see how any real estate professional does out in the marketplace.

As a last way to check out the agent… hit Google and type in “[name of agent] reviews” and see what pops up in the Google search. If you see a bunch of bad reviews on websites like yelp and others… see if the agent tried to engage with those negative reviewers online to resolve the situation.

Ask the Right Questions Of The Local Metro Detroit Real Estate Agent

Ask the agent (or better yet, his or her former clients) the following questions to gauge the agent’s skill, and ability to represent you as a buyer or a seller:

  • Was there any part of the process of buying or selling a home that clients were pleased or particularly displeased with?
  • What was the asking price?
  • What was the sales price?
  • What properties have you worked with in my location?
  • What about similarly sized properties?

It’s important to choose an agent who has experience working with homes similar to yours.

Check The Real Estate Agent’s Credentials

Check with your state’s real estate regulatory authority to verify the agent’s licensing. While you’re on that website, you’re also often able to look into regulatory actions and complaints against the agent.

You should also ask the agent how long they’ve been buying and selling homes. If they’re representing an agency, ask how long they’ve been with that particular agency, and their history with other firms.

Above all, it’s important to choose a real estate agent in Metro Detroit that you can trust. Regular communication is extremely important when selling your home, as in many cases, a house represents the majority of your net worth. A good agent will be able to answer questions such as:

  • How many inquiries have been made about my home?
  • How many of these inquiries came from people likely to make a purchase (not just window shoppers)?
  • What other properties in this neighborhood are for sale? What is the asking price of those homes?

Ask The Local Real Estate Agent How They Plan On Selling Your House

Sometimes going the direct route is the best. In the case of looking for a local Metro Detroit MI real estate agent, ask them how they intend on selling your house for you that the other agents in town won’t do. And see what their answer is.

Usually the great ones actually have a marketing plan and will get your house out there and on the market in a big way.

This Is Where Low Priced Isn’t Always The Best

Often times Metro Detroit MI home sellers want to go with the lowest priced option.

Heck, when you look at the numbers… if a real estate agent is earning 3% on a $100,000 sale… that’s $3,000 in fees just to 1 real estate agent (usually both agents representing the buyer and the seller earn commission)… it isn’t cheap.  But just really do your research before you go with a cut rate agent or a flat fee agent… because that usually means that the service you’re getting is also a lower level service.

Some of the best real estate agents in Metro Detroit have great marketing systems and are able to sell homes faster and for higher prices.  So even if you find someone to sell your house at a 1.5% fee… look long and hard at whether you’ll be saving money long term.

The same goes for selling your house to a local real estate investor like We Buy Houses Metro Detroit.  The highest priced offer isn’t always the best. Look at the terms of the deal the house buyer offers you… and ensure they can close on-time… because every month that goes by costs you money (your mortgage, taxes, insurance, utilities, etc.) to hold the property.

It’s important to avoid low-quality real estate agents. These could be “rookies” who will do anything to make their first sale (including leaving dollars on the table). A good real estate can make selling your home an extremely smooth experience, and will work in your best interest.

So go out there and do your research and find a local real estate agent.

If you need to sell your house fast… we’d love to make you an all-cash fair offer on your house.

We can make you a no-obligation offer in 24 hours or less and you can weigh that option against going with a real estate agent.

Just click the link below and fill out the short form on the next page to get the painless process rolling.

Need To Sell Your Metro Detroit MI House Fast?

Submit Your Basic Property Info For A Fast Cash Offer >>

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The Devastating Consequences Of Foreclosure In Metro Detroit For House Sellers http://cashflowmercenaryacademy.com/the-devastating-consequences-of-foreclosure-in-metro-detroit-for-house-sellers/ Sun, 23 Aug 2015 04:00:00 +0000 http://cashflowmercenaryacademy.com/the-devastating-consequences-of-foreclosure-in-metro-detroit-for-house-sellers/ Going through foreclosure in Michigan? This article walks you through the affects foreclosure could have on you… If you are trying to sell your house, you may be finding that it is more difficult than you had expected… especially if your house has any repairs needed that buyers just don’t want to deal with. In […]

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The Devastating Consequences Of Foreclosure In Metro Detroit For House Sellers

Going through foreclosure in Michigan? This article walks you through the affects foreclosure could have on you…

If you are trying to sell your house, you may be finding that it is more difficult than you had expected… especially if your house has any repairs needed that buyers just don’t want to deal with.

In this article we’ll dive into some of the devastating consequences of foreclosure in Metro Detroit for house sellers. 

Local Metro Detroit House Buyers Have Lots Of Options For Houses But Fewer Options For Financing

There are floods of homes on the market, and thanks to the economic turmoil in recent past (and still going on in some areas), some types of houses just aren’t selling as fast as they were 5 years ago… while the “sweet spot” type of house (3 bedroom 2 bath in the middle to lower-middle price range) are selling at a good clip.

Part of it is because lending guidelines have changed since the housing collapse so fewer buyers are out there for some homes… there are still stockpiles of foreclosed houses in Metro Detroit that keep trickling into the market from banks… and buyers are more choosy than they were in years past because many of them have learned that you can no longer buy a house and bank on the fact that it will appreciate a 3%+ a year in value.

If you are a seller in this market, you may be becoming discouraged and wonder how you can just sell your Metro Detroit house fast, right?

If it seems like you keep putting more money out to improve your home (or if you have repairs but don’t have the money to do those repairs), but are still having a hard time selling your Metro Detroit house, you aren’t alone. A buyer’s market makes conditions hard for seller’s to swallow. No one likes to see their home picked apart, criticized, or devalued, but that is exactly what most sellers are dealing with.

Worse yet, due to the devastating consequences of foreclosure in Metro Detroit, many sellers in the area who hold out for the price they want are getting little action and no offers at all… sometimes leaving the house on the market for months on end.

How Foreclosures Have Driven Local Housing Prices Down

When the housing market crashed and the foreclosures began to roll in, it flooded the real estate market in Metro Detroit. That means that there is more inventory on the market. When that happens, that drives the price of everyone’s house down because there are more options (at lower prices) for buyers out there.

When there is more inventory than buyers, it devalues the homes for sale.

The jury is still out on whether we’ve climbed out of this foreclosure hole or not.  There are still lots of foreclosure houses in the Metro Detroit area and the banks are still holding many many area homes in their own inventory that aren’t even for sale yet.

But, there are some things you can do in this market to reach your goals with selling your house.

Selling Your House In A High Foreclosure Market

If you’re wanting (or needing) to sell your house you’ve got a couple options you should look at.

  1. If you don’t need to sell your house fast and can wait the market out… Get A Great Real Estate Agent On Your Side:  If you don’t need to sell your house fast and you can pay the real estate agent commissions… it may be best for you to just wait the market out and give it some time for that perfect buyer to come your way and pay the price you’re looking for.The market is improving and if you can sell your house next year rather than now… it may mean a few extra bucks in your pocket on the sale at a higher value.A great real estate agent can help you list the house and market it for you. If you don’t have a god local agent, just reach out to us and we can connect you with some great real estate agents we know in town who have shown they can sell a house fast. Email us over here for a Metro Detroit area real estate agent referral.
  2. If you DO need to sell your house fast… look for quick sale options like selling your house to us:Selling your house fast in a market like this can be difficult if you go the traditional real estate agent route… unless you discount your house in a big way. Then on top of that discount you’ll be paying the real estate agent commissions… which takes even more cash out of your pocket in the end.Another option you should look at is selling your house to a real estate investment firm like Sell Inherited House Detroit.We buy Metro Detroit houses and can make you a cash offer within 24 hours for a fair price.We’re not looking to list your house… we’re actually looking to buy the house from you… we’ll take care of any repair costs after we buy it from you, then we either keep it as a rental property or we’ll turn around and invest our time, money, and expertise into selling the house to another home owner.It can be a win-win-win situation.If you’re looking for full-retail value of your house, we can’t pay that. We do need a discount so we can make a profit on our end, but you won’t ever pay us any fees or commissions.

Reach Out To Us To Sell Your Metro Detroit Michigan House Fast… Even In A Market Like Today’s

If you have any questions about our local Metro Detroit house buying service just reach out to us anytime.

You can call us at 248-470-8170 or reach out to us over on our Contact Page.

Or, if you’re ready to get a fair cash offer on your house today, just click the link below to go to our “Fast Offer” form… then fill out some basic info on your house and we’ll be on our way!

Get A Fair Cash Offer On Your Metro Detroit House Today >>

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What is a Pre-Foreclosure in Metro Detroit? http://cashflowmercenaryacademy.com/what-is-a-pre-foreclosure-in-metro-detroit/ Sun, 16 Aug 2015 07:00:00 +0000 http://cashflowmercenaryacademy.com/what-is-a-pre-foreclosure-in-metro-detroit/ With millions of homes across the country going into foreclosure, it’s important for both buyers and mortgage holders to understand the process. So what is a pre-foreclosure in Metro Detroit anyway? Many homeowners across America and Metro Detroit are facing difficulties making their monthly mortgage payments. When a homeowner misses 3-6 months of mortgage payments, the lending […]

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With millions of homes across the country going into foreclosure, it’s important for both buyers and mortgage holders to understand the process.

So what is a pre-foreclosure in Metro Detroit anyway?

Many homeowners across America and Metro Detroit are facing difficulties making their monthly mortgage payments.

When a homeowner misses 3-6 months of mortgage payments, the lending institution will issue a warning, notifying the homeowner to pay or lose their home. This period is known as “pre-foreclosure.”

Banks and mortgage lenders typically provide three months for the homeowner to become current.  Of course this number can vary by bank and situation sometimes.

If a homeowner fails to make the necessary payments, the bank will foreclose on the home, assuming ownership, and evict the homeowner. Thankfully, during this stage of the foreclosure process, a mortgage holder has the opportunity to take advantage of several options to prevent losing their home.

Pre-foreclosure Options for Borrowers

If you’re behind on mortgage payments, you’re likely to receive a “notice of default” from your mortgage lender.

This document will state that you have not made mortgage payments for the last 90-180 days. It’s important not to panic.

You have options that can delay or even prevent losing your home:

  • If your mortgage is “above water,” (meaning you have equity in your house) you may be able to refinance your mortgage, receiving lower monthly payments.  Check with your local Metro Detroit mortgage broker… or contact us and we can connect you with a reputable one.
  • You may be able to quickly sell your home to a real estate investor that’s reputable in Metro Detroit like us at We Buy Houses Metro Detroit, using the cash acquired to pay the months of back-payments owed (or we *may* be able to work out something with the lender that relieves all or part of your back payments.We can buy your Metro Detroit MI area home quickly, often in just a week or two, will pay in cash, and takes the stress out of trying to find a buyer.
  • You can contact the bank and ask them to permit a short sale. In a short sale, you’ll sell your home for less than it’s worth, and the bank will take the loss as a tax write-off.  In some short sales you may still be required to pay the difference to the bank if the house doesn’t sell for what is owed on the loan.
  • You may be able to declare bankruptcy, which can buy you time to pay your debt. Bankruptcy will remain on your credit report for years, and can cause significant damage.

Lenders are very much aware of the widespread financial troubles across the country and they’re willing to work with borrowers a lot of the time.

If you’re honest and communicate with your lender, you’ll often find that there are options that will allow you to remain in your home, or at least salvage your credit rating.

A foreclosure can often negatively affect your credit score by 200-400 points and can prevent you from obtaining a loan of any sort for 5-7 years, so be very dutiful if you’ve received a Notice of Default from your lender.

But if you’re not able to find a solution with your lender working directly with them… connect with us. We may be able to help.

Ways We Can Help If You’re In Pre-Foreclosure

  • We can potentially help with a short sale – Submit your info on this website so we can evaluate your situation to see if we can help.
  • We can buy your Metro Detroit area houseWe buy houses in Metro Detroit and would love to make you an all-cash offer on your house too. Just fill out the form here to get started >>
  • You can ask us questions and we can provide you FREE guidance and resources so you can make a well educated decision. This costs you nothing, there’s absolutely no pressure, no obligation… just free guidance without a catch.

If you’re in the pre-foreclosure stage… you’ve still got time to fix this situation.

Just connect with your bank to see if they’re willing to work with you… or contact us if you’d like to see what we can buy your house for or to tap into our free foreclosure foreclosure resources.

Want To Discuss Your Pre-Foreclosure Options? Call Us at (248) 470-8170
Or, Submit Your Info Here To Get A Cash Offer On Your House >>

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