newly found owners lack the time or money to maintain. Home neglect has been a persisting trend for years as heirs struggle to find a use for their inherited properties.
When searching the internet for liquidation solutions regarding inherited properties, homeowners will be bombarded by advertisements of “cash buyers” that close quickly and will pay “market value” for homes. Selling to a so-called cash buyer is not the best solution, and many homeowners attempting to escape from property ownership the easy way, end up losing the profit, those who left them the property intended for them. Companies claiming to be in the business of buying properties are oftentimes misleading. Instead of jeopardizing the profit most real estate properties are known to produce, reach out to a real estate expert who is upfront about their costs and will work to make you the most money and work your best interest. At Villamar Real Estate & Investments our goal is to build relationships not just make a sale.
Real Estate agents exist to guide home sellers and buyers through their transaction while protecting them in the process. Even as working with an agent to liquidate your inherited property oftentimes yields the highest return, it is important to work with the right agency. Not all real estate agents understand how to sell properties that are inherited. Oftentimes, inherited properties need work and will not qualify for a mortgage, therefore, a typical family is not able to purchase it. Many times, real estate agents ignore these facts and list the property on the open market, hoping the right buyer will come along. This serves as a disadvantage to the seller as the property often sits on the market without any buyers and after many price reductions and failed hopes, the home finally sells. Real estate agents that understand how to sell inherited homes know, a home that does not qualify for a mortgage should be advertised on Multiple Listing Service and platforms where many buyers search. Properties that do not qualify for loans need to go to real cash buyers that are not afraid of the work. Seasoned real estate agents will have multiple investors as well as relationships with lenders that can provide loans to repair the home “ARV” after repair value such as FHA203k loan. While selling through a realtor to an actual buyer is the best way to maximize profit, it is important to understand the state of the market and have realistic expectations.
Today’s real estate market is not the frenzy it was a year ago. Due to rising interest rates, homes often take a bit longer to sell and they don’t always bring over asking price. “Cash Buyer” Companies have taken the slight shift in the real estate market to push their agenda and attempt to buy properties much under market value, but do not fall for their narrative. Even as the real estate market has seen a decline, it has been slight and there remains an inventory shortage. Areas in Florida, such as the Orange County are seeing growth unlike any time before, as a result these markets may not see much of a decline if any. Instead of selling to a company that banks on naivety, work with an agent that ensures you are informed.
Navigating today’s real estate market when there was no anticipation of being a homeowner is a difficult situation to find yourself in, but if you find yourself in this category with an inherited property or simply looking to relocate, you’re in luck Villamar Real Estate & Investments is a local real estate agency with agents in Miami, Ft Lauderdale, Cape Coral, Orlando sister company in North Carolina who have worked in the area for years, as a result they have established connections with cash buyers and expert lenders that many new real estate agencies lack. Not only will they obtain top dollar for your property, but they will also assist you through the transaction process. Selling a home can be one of the most stressful events in one’s life, but if you’re working with Villamar Real Estate & Investments, not only will it be a stress free experience, you will be protected as the options that will best benefit you will be provided. If you have a property but lack the time or money to maintain it, don’t settle for an offer from a shady “cash buyer,” give Villamar Real Estate & Investments a call and maximize your profit!