Home Downsizing Solutions Launches Consumer Protection Information To Help Senior Home Sellers Weed Out Fake Cash Home Buyers

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Home Downsizing Solutions

Posted on

Aug 04, 2022

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Kansas/Missouri - Kansas City





Home Downsizing Solutions®

 Home Downsizing Solutions


Launches Consumer Protection Information To Help Senior Home Sellers Weed Out Fake Cash Home Buyers

 

Lincoln, Nebraska

 

Even with a red hot real estate market for home sellers, there is still a need and want by some home sellers to sell their house quickly to a direct cash home buyer. Maybe the house needs repairs or updates that the home owner just doesn’t want or have the resources to do.  Maybe the benefits that a cash home buyer provides are of value to the home seller, and the home owner just doesn’t want

to sell their house in a traditional manner and list it on the market. But as some home sellers are discovering, finding a “real” cash home buying company can be a challenge.

 

Unfortunately, with the current real estate market, combined with today’s technology, the “barrier of entry” for someone to say they are a “cash home buyer” is VERY low.

 Today, someone is able to easily create a web site, put an ad online, and make it look like they are a home buying company. Then add the ballooning “creative real estate” industry of the self-proclaimed gurus (even calling their groups cartels) teaching others how easy it is to get involved in real estate with the practice of “wholesaling,” and you have a dangerous situation for home sellers that want to sell their house in a non-traditional manner. Identifying a legitimate cash home buying company can be a challenge for individuals that don’t typically work in the real estate market.  But, there are a few questions to ask home buying companies to help ensure they are “real.” One, ask if they are actually going to look at your house.  Some of these companies will want to just make you an offer based on pictures they ask you to send them.  You will typically want a company to actually come and inspect your house to provide you with an offer. Two, ask for a reference of a local title company.  You will want to call the local title company to confirm that this company actually does buy houses and not just “flip” or sell the contract to another company. Three, ask how fast they can close and buy the house.  A real cash home buying company can close as soon as the title company checks title and prepares closing paperwork, typically in less than a week. These wholesaling companies will generally ask for 21 days or more “to get their contractors in to see the house” which is a red flag. There are a few other questions you can ask home buying companies to ensure they are legitimate. 


To get this information, just go to www.StopLowBallOffers.com or contact Ben Souchek at Ben@SGRealEstate or call/text him at (402)-450-0199.

 

To check out more about Ben’s company, a legitimate cash home buying company, just go to www.HomeDownsizingSolutions.com Home Downsizing Solutions has been buying houses direct from home sellers for more than 20 years. We also can assist with our concierge services of locating moving services and senior community locating services, to make the transition to senior living as stress & hassle free as possible.


 

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The Seven Biggest Mistakes Home Sellers Make When Downsizing... And How to Avoid Them

Downsizing even the word can create fear, anxiety, and insecurity to the home owner or their family members because it can be a major change to your life!  Going from a familiar, comfortable environment into the unknown.And yet, you may know you want or need to start considering a transition.  The house you now reside in is too large or does not work well for your current needs.  The demands that come with it are cleaning, repairs, maintenance, yard work, and other items youd prefer not to do or maybe cannot do any longer.  And the amount of stuff that has accumulated over the years needs to be dealt with.Like anything else, the more you discover about home downsizing, the better your result will be!Thats the goal of this article.  Through more than 25 years of working with seniors and their families that want or need to downsize a house and move to senior living, weve learned a great deal to help make the transition easier. Downsizing can be more difficult than it needs to be if you dont take the time to become familiar with the many facets involved in moving to a smaller living accommodation. This article contains specific items on the ins and outs, the do's and donts, what to avoid and what to embrace, so that after youve made the transition to senior living, youll be in a better place.Mistake #1: Failing To See the Big PictureMany who decide to downsize dont realize soon enough that it is a two-sided equation.  They have decided to sell their house, however they dont have a clear picture of what the selling process involves and secondly, where they will move to.Theres an old saying putting the cart before the horse, and for some people this definitely applies when downsizing their house.  Because of this, it is very important that you fully think out and decide where youre heading.Some options include:A smaller houseA condoAn apartmentMoving in with an adult childA senior community (independent living, assisted living, or other)There are choices, and as you consider downsizing your house, it helps to figure out your next step.  In addition, you will want to know, once you decide to make a move, theres actually availability where you want to be.  An example here is youve decided to relocate into an apartment community in a particular neighborhood, but you discover there are no vacancies at this time.  Its not uncommon for highly desired communities to have a waitlist.Do you have a plan B?  You may need one.  Other than the option of moving in with an adult child, there will always be the question of availability, so before you start packing, youll need to know.Knowing this information will provide some peace of mind as you start your home downsizing journey. Mistake #2: Not Assembling a Strong TeamTo win in sports, it takes a team effort from a group of dedicated people.  Even in individual sports, athletes must rely on a coach and a trainer, among others as part of their team.The same team concept holds true when selling your house and downsizing.  Earlier, we asked an important question to consider: where will you be going?  The answer serves as the end result to the downsizing process.  However, there are a multitude of other questions/scenarios to consider, which will cover in this article.  For now, let's focus on what you must do to place yourself in the best possible position to achieve your goals.First, who is going to be the leader of your team?  This should likely be a real estate professional who is highly experienced with home downsizing scenarios.  Some things to consider when selecting this professional:Does this person have a track record of accomplishment, specifically working with seniors and their families and the particular needs you have?Is this person familiar with the various home downsizing options so that they can provide outstanding guidance and direction to help decide the best options for you?Can they offer good advice of what you need to do to get your house ready for sale so its attractive to potential buyers?Will the real estate professional know the local market well enough, understanding realistic values and potential values of your house and the neighborhood?Will they be able to give you realistic expectations of what you may NET from the sale of your house in its as is as well as potential value?There are other factors involved in this process, but choosing the right real estate professional is a key decision in creating a good home downsizing team. Mistake #3: Getting OverwhelmedThe age old question goes like this:  How do you eat an elephant?  The answer: One bite at a time!The same applies with downsizing your house.  If you stop and think about all thats involved, youre likely to get overwhelmed.  Yes, theres a lot to do, but as with the item above, you just take it one step at a time. Again, this is where having a trusted, experienced real estate professional who is a specialist at downsizing can be a major asset.  They can guide you through this transition.  It's important to have a game-plan in place, a roadmap if you will, to follow.  This in itself, will give you some peace of mind and comfort during the process.  Some things to take note of:What repairs or deferred maintenance needs to be done to put your house in a good sellable condition?Whats the best way to market your house?Do you have accurate pricing and valuation information for your house?Are you going to live in the house until its sold, or find other living arrangements?All of the above are important items to consider.  Each will have a definite bearing on the process of selling your house.Along these lines, in particular, is the last bullet point, regarding whether you plan to stay in the house or move out.  If it is the former and you will be living in the house while selling, then be aware of a common mistake many sellers make.This will be covered next and is a key item in getting your house sold in a timely fashion.  Failing to adhere to this will potentially put you at a major disadvantage with potential home buyers!Mistake #4:  Not Seeing the Forest for the TreesIt's your house, which you know like the back of your hand.  Because of this, its easy to be lulled into a trap.  You walk through the various rooms and do so with the blinders that come with being the owner.  Here you arent always able to step back and see what is there.  In a word:CLUTTERPotential buyers want to image what the home will look like with their things in it.  Items such as furniture, pictures, and their personal keepsakes enter into a buyers visualization process.  Because of this, every place where you have something displayed makes it more difficult for the potential buyer to put their stuff into the picture.Unless you are planning on moving during the selling process, this is something you (and potential buyers) will have to deal with.  However, all is not lost!The answer is to remove as many things as possible, especially those items which can cause a negative imprint of the space.  Do what you can to not have overcrowded rooms or rooms with too much stuff.Your real estate professional can provide guidance in order to make sure your house looks its very best!  It may also be beneficial to consult with a professional home stager, someone that can help present your house to attract potential buyers.If nothing else, your real estate professional can serve as a fresh set of eyes to help get your house sold.  Its all about making your house as attractive as possible so that potential buyers see your house as where they want to live!Mistake #5: Unrealistic ExpectationsExpectations.  We all have them, no matter the circumstances.  It's human nature!  We think about the given situation and our mind forms an opinion, or expectation.Its the same with the process of selling a house and downsizing.  Expectations can become more clear once youve set a clear path for where you are heading.  Here, you will be able to see first-hand where you will be living.The second part of the scenario is more out of your control.  Thats because the potential buyer of your house will have a say-so in what you will actually NET from the sale.You can certainly ask whatever you want for the property.  It's your right as the owner.  That said, there is usually a asking price and the selling price.  Then there is the actual net amount you will receive from the transaction.Many sellers think with their heard and not their head when formulating the initial asking price.  Thats because they get emotional in regard to the property.  It's understandable.  Its the sellers home.  It's likely a family was raised in the house.  You may have owned the property for literally decades and created many memories.For many, all these thoughts influence the asking price.  Again, this is normal.  However, the bottom line is that this is a business transaction.  Indeed, you as the seller are trying to get every possible dollar from the sale.In the end though, the market will dictate the price for the property, and it is up to you to decide if that amount is acceptable. Mistake #6: Not Being Open to All PossibilitiesAs the home owner, you will be the final decision maker as to what you will or will not accept for the house.  Having a real estate professional can help in determining what that amount will be in order for you to accept the result and move on.The real estate professional can research what comparable houses have sold for in your neighborhood in the recent past.  They can also see whats currently on the market (your competition), and what was on the market but didnt sell.  They will also be able to show you the condition of these houses.  All of this is very good information to have! Part of the decision regarding an asking price may be based on how quickly you want or need to move.  It may be a result of a health-related matter, or that the apartment or senior community is available right now and may not be in the near future.  There are often factors that contribute to the timetable to sell and move.Did you know that there are other options available to sell your house, in its current as is condition, and at a fair price?  There are professional home buyers that provide benefits that may be of value to you and your unique needs and be just what you are looking for!Here again, a real estate professional that has experience working with home owners and their families wanting or needing to downsize can help to provide the benefits or negatives or the various selling options.It certainly doesnt hurt to explore the various options to sell your house, whether you are wanting to make a move in the next few days, weeks, or months.Your goal is a smooth transition, where when all is said and done, you are satisfied with the outcome, no matter who the buyer is!Mistake #7: Fear Of the UnknownOne things for sure the decision to sell your house and downsize means you are in for a visit into unchartered territory. If you are planning to move in with 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The 5 Critical Steps to Successfully Sell Your House & Downsize

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include decluttering (getting rid of the sometimes decades of stuff that has accumulated in the house), getting a whole house inspection to discover known and unknown issues with the house that potential buyers will discover, making any necessary repairs and updates the house may need, and making the house inviting to potential buyers.What do I do with the stuff is usually the most common statement I hear.  But taking care of the stuff and depersonalizing the house, so that the house is inviting to potential buyers are important steps when selling a house in a traditional manner.If your house hasnt been updated in the last several years, you may need to decide if you will need to find contractors to update the house to what most home buyers expect in the current market, or price the house accordingly if the repairs and updates are not done.Locating The Right Real Estate ProfessionalI would recommend interviewing a few different real estate professionals to see what type of service is best for your specific situation.  Note- a friend or relative that happens to have a real estate license may not be your best choice.If your house is in great condition or you want and are able to get the house into a nice retail condition, and dont mind showings with strangers in your house or the other potential challenges that can go along with Listing a house, a great real estate agent may be your best solution.If you prefer to not do any repairs or updates, dont want to handle or deal with the stuff thats not important to you, dont want to get and keep the house in show ready condition, dont want strangers in your house, and want more control over the closing date and how long you can stay in the house, a trusted and experienced home buying company like Home Downsizing Solutions home buyers may be a great solution.The Move to Your New HomeOnce you have the sale of your house taken care of, it's time to make the move!You can start by creating a moving plan and schedule.  This can include going through your house, room by room, and identifying the items you want to take with you and ensuring they will fit in your new accommodations.  A senior moving/organizing company can help with sorting your stuff if needed.If you have enough good stuff that you dont want to take with you, you may want to contact a local estate sale company to monetize and get the most value from those items.When it comes time to pack and move, you and your family will need to determine if you have the abilities and resources for these tasks, or if its best to contact a local move manager and moving company that are specialists when it comes to downsizing and moving to senior living.And dont forget to notify utility companies, the post office, and others about the change in service and your new address.Downsizing and moving to new accommodations may be challenging, but with the right guidance and resources, can be rewarding and result in a better and more enjoyable life and lifestyle.For 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