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Some Good News for the Richmond Housing Market

Richmond Biz Sense reports on April 3, 2014 the following news for the Richmond housing Market, particularly Hanover County:

Developers plan two new residential developments in Hanover County that will encompass more than 150 homes.

Hanover Land Investors LLC, led by developer Henry Shield, is planning to build 48 detached, single-family houses and 73 single-family townhouses on a 22-acre property near the intersection of Pole Green Road and Bell Creek Road in Mechanicsville. . . . .

An attorney for the developer said plans include commercial development for the adjacent three acres. Andrew Condlin, with the firm Roth Doner Jackson, said the space could be used house something like a pharmacy and a 10,000-square-foot shopping center.

The property is located across Pole Green Road from the Shoppes at Bell Creek. Shield developed the Shoppes at Bell Creek and the adjacent housing subdivision.

The project could go before the county planning commission as early as April 17. Condlin said the proposed development, which has met some resistance from local residents, fits in with the county’s views for growth in its comprehensive plan.

“Hanover County has designated areas in the county for development and this is one of them,” Condlin said.

…..

A few miles away, Hanky LLC is gearing up to build a 17-acre development off Adams Farm Road near Lowe’s on Mechanicsville Turnpike. The county recently approved the project, which calls for 49 single-family houses, developer Mike Hanky said.

Hanky LLC plans to build 49 houses on Adams Farm Road near Lowe’s in Mechanicsville.

The new development, which could be named Adams Farm, is located near the Travellers Run subdivision. The Hanover County Board of Supervisors has approved the development.

Hanky said he and his brother plan to develop the property — previously a working farm — and install infrastructure. After that, they expect to sell the lots to builders, he said. They’ll likely start “pushing dirt” in late summer or early fall.

Original Source: Here (link broken)

Good News for Richmond Housing Market

This is good news for the Richmond Virginia housing market.  Some home builders are returning to the market.

While I don’t buy new construction houses, I rejoice that new construction is happening.

At the price points in those new subdivisions, it suggests a growing job base that can support mortgage payments for houses that size.

What type of houses I buy

I buy houses fast from sellers with handyman specials, everywhere in the Richmond housing market.

If your house is a handyman special, I’d be happy to make a cash offer on your as-is house.

Richmond Housing Market

Stock photo.

Sell My House Fast in Richmond VA

You have your own reason for wanting to sell your house fast in Richmond Virginia.

You want a fast offer.

You want a fair offer.

You have found the right group.

Maybe you need the cash.

Maybe you need to avoid foreclosure.

Maybe it’s been a condemned.

We buy houses for cash in the Richmond Virginia area. We’ve been doing this since 2001.

Some sellers may have found that they need to

  • relocate
  • avoid foreclosure
  • avoid costly repairs

All of these may suggest that you want to sell your house fast in the Richmond area because there is no time for clean up, high end repairs, or not enough money in your hand to make the repairs.

Get offer

to sell your house fast in Richmond VA

You’ll sell your house fast with me.

There are several investor homebuyers like me in our market who offer to buy your house quickly.

Why spend hours making phone calls that they don’t return?

Why spend hours talking with an intake operator who will say “I’ll pass this along” and you never hear back from them?

When you call us, you’ll likely get me on the phone.  No intermediaries.

You talk direct with me about selling your house fast as-is in Richmond or anywhere else.

They waited to the last minute to avoid foreclosure

The most dangerous mistake you can make if your house is falling into foreclosure is to delay.

One seller waited nearly too late to avoid foreclosure.

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What did this seller do to avoid foreclosure.

This particular person was loosing his inherited house to foreclosure.

The house needed nearly 20,000 in repairs and the seller had emotionally given up on it.

The seller found my “We Buy Houses” ad in the newspaper and gave me a call at 804/719-1489.    He got me on the phone instead of a office assistance.

His house was nearly 1 hour outside of Richmond Virginia.

We setup an appointment.

The Seller almost was too late to avoid foreclosure

The auction was in under a week.

I offered to take over the payments of the existing mortgage, and give him some of his equity.

It was enough for him to start over.

After signing the paperwork, we ordered title work on the house.

This is for our protection as a buyer and your protection as a seller.

It took about 48 hours for the title research to be done, since this house was out in the country.

A title surprise almost derailed it.

This is where we ran into a title surprise that almost cost him the whole deal.

The last minute surprise almost caused the seller to loose everything to foreclosure.

He was not the sole owner.

He had inherited the house from his mother, but only his mother’s half.

Other siblings inherited a portion of the mother’s share.

To make maters worse, a former stepfather that the siblings didn’t like still owned the other half the house.

All told, there were 4 people on the title, and only 3 of them sharing 1/2 of the house.

How the Sellers decided to avoid foreclosure

We had the family have a meeting at the house.  It was tense, it was tough, it was not an easy deal to assemble.

Siblings didn’t like the fact that an ex step father was on title.

Siblings didn’t like that their brother had been irresponsible and not made the mortgage payments.

No one liked that the portion of the equity we agreed to give to the seller was now divided into much smaller parts.

Their option was clear – everyone sign off, or loose the equity payment to auction.

Accept the cash in proportional share at closing by signing the agreement, or accept nothing because the house would go to auction.

Did I mention that the family meeting was the day BEFORE the foreclosure auction?

They signed and we bought their house

After we closed on their house, they got their various portions of their check, and we had a house to rehab.

We fixed it up with nearly 20,000 in repairs and then resold it.  That same house is now pictured here:

We help sellers avoid foreclosure

Act Now to Avoid Foreclosure

Learn from this seller.

You have to act now to avoid foreclosure in Virginia.  Don’t wait until the last minute.

Their last minute rush put them in a panic position when there was a surprise on the title work.

It is much easier to sell your house when it is not the last minute.

If you want our offer to help you avoid foreclosure (anywhere in Virginia), click here and see your options

How to Sell Your House Fast in Emporia Virginia

Sell House Fast Emporia VirginiaI’ve driven through Emporia Virginia several times in my life.

For many people, Emporia is simply an exit off of Interstate I-95, with a few police radar hiding spots nearby to catch speeders zipping through.

A few years ago, I bought a house pretty fast in Emporia, by taking over the mortgage payments.

It was a cute craftsman style house that had been beat up to become a handyman special.

How that Emporia seller sold his house fast

In working with the seller, we followed a pretty good process:

1.  We talked about his Emporia property in its current condition – it was a handyman special.

2.  We talked about expected repairs that he knew about, including the repairs he’d make if he had the money to do it.  The repairs were too much for him.

3.  I ran the expected numbers through my formulas and found a price that worked for the seller and myself.

4.  I put house under contract with a 14 day inspection period and had signatures within 24 hours.

5.  I had the house inspected for repairs and to confirm the repair budget.

6.  We closed on that Emporia house in under 2 weeks. by taking over the payments.

I had the house rehabbed, and then resold on the open market, and made a reasonable return on what I invested.

The key step this seller took to sell his house fast was to allow me to take over his mortgage payments.

That lowered my cost of money, and allowed me to give him those savings.

How You Sell Your House Fast in Emporia

I want to buy another house in Emporia.

Because of recent changes in the Real Estate market there, I think an investor might do well buying homes to rehab and well as homes to hold onto as rental properties.

If you are not receiving results from listings homes with real estate agents, you can benefit from our service in Emporia Virginia.

We can assist you with securing a faster date of sale, as long as your price fits our formulas.  We’ll offer you a fair price.

If you have

any where in Emporia or surrounding areas, I’d like to help you sell your house fast.

Take Action

The first step is a free consultation with me.

To start, call me directly at 804/719-1489.  I answer my own phone, rather than send you to a call center half-way around the world.

If it is outside of normal business hours,  fill out this form for our fast offer.

I’ll call you to learn more about your Emporia property, or anywhere in the surrounding counties.

Beautiful House in Emporia

 

3 Tips to Sell Your House Fast When it Has Problems

Some houses are a problem to sell via normal and traditional channels.  It’s hard to sell your house fast when there are problems with it.

Various problems I’ve seen

Here is an extreme problem:

Handyman Special

The seller couldn’t sell that house fast – it was missing an exterior wall.

Other houses are hard to sell fast because they are full of junk and smells, like when a hoarder lets the cats scat everywhere.

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I’ve seen all sorts of houses that are hard to sell fast because of the problems that exist:

  • Last updated 80 years ago.
  • Wall paper that would make my grandmother cringe.
  • Live roaches crawling in every room.
  • Infestations of rats, roaches, spiders.
  • Termites that have eaten away the framing.
  • A hot water heater installed in the attic, which burst and caused the ceiling to fall in.
  • Structures so old that the studs were shaved trees.
  • Incomplete Renovations

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3 Tips to Sell Your House Fast when it has problems

Houses like this are hard to sell quickly to future home buyers.

Normal home buyers are repulsed at odors and scared of extreme repairs.

1.  Find a real estate investor who loves handyman properties

I love properties with problems that can’t sell fast.

I love to purchase handyman specials.

Even if I do not personally buy it, I am networked with enough people that you don’t have to find them.

You don’t have to call every we buy houses persons in the phone book.

Call me and I’ll help you sell your handyman house fast.

2.  Price it right.

If your house is in need of significant repairs, you have to price your house right for a handyman investor to buy your house.

Most real estate investors like myself follow the same formulas in calculating our offers.

With so many foreclosures available in the current real estate market, your handyman house would need to be priced even lower than your competition.

Why?

Ask yourself this:

Would an investor spend the same amount of money on my fixer upper as they would on the move-in ready foreclosure down the street?  The answer is no.

If 80,000 could buy you a ready to move in house (only needs 5,000 to make ready) vs. your 80,000 house that needs 25,000 in repairs, which would you buy?

No

You won’t be able to receive top dollar for your handyman special.

But you don’t have to give your house away either.

Call me for a fair offer on your handyman fixer upper.

3.   Detach your emotions from your handyman house.

One seller was so emotionally attached to her house that she couldn’t sell it at a realistic price.

She saw that houses around her were selling for 135,000 and that is what she wanted for her house that was 80 years out of date.

We estimated that to fix the windows, install the air conditioning system, fix the floors, modernize the electrical system, straighten the structure, replace the roof and many more repairs and updates would cost nearly $80,000.

Because it was the house her parents had given her, the house she grew up in, her emotions flatly rejected our offer.  Her emotions prevented her from seeing that her house was not comparable to the $135,000 homes around her.

If you have a house that has problems, forgo the emotions.

Call me, and I’ll help you face some of those fears and will gently walk you through the process of our offer price.

Start Selling Your House

If you want to start a discussion with me about selling your house fast, call me directly during normal business hours.

804/719-1489.

I try to answer my own phone.

Or fill out this form and we can start a confidential conversation.

Get an offer

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