The COVID-19 pandemic is affecting the real estate market throughout the United States, in the city of Portland, and throughout the State of Oregon, we’re seeing the houses available for sale statistics show a downward curve since the epidemic began. Likewise, house prices have dropped by 4.7% so far.
The sale of a property through the traditional market system has taken a different dynamic, forcing home sale transactions to take longer than they used to take before the coronavirus outbreak.
The regulations of the health, state, and local authorities have made that contact and rapprochement between people should be done respecting the protocols to avoid spreading of the epidemic.
Many homeowners who were willing to sell their houses have declined to do so because of fear of being infected with the virus, they won’t receive strangers in their homes. As a result, properties available for sale in the real estate market have decreased.
- Keep Social Distance To Avoid Getting Infected.
At this time when the increase of coronavirus cases is reaching alarming numbers throughout the country, it is necessary for all citizens to follow the health recommendations to avoid spreading the epidemic.
Everyone’s health, your health, our health, is the number 1 reason why you should sell your property to an investor like Better Off Home Buyers. It goes without saying that the real estate market is being shaken by COVID-19, just take a quick look at the statistics.
Both homeowners who sell their homes and potential buyers do not want to meet because of the risk of being infected.
Better Off Home Buyers, is using the remote technology to visit a property when it is needed, We can have a zoom or a facetime conference with homeowners to inspect, review and present a fair offer for his house in the middle of the coronavirus epidemic.
Without jeopardizing the health of any person and complying with all the health authorities measures, our Better Off Home Buyers professional buying homes team has been able to buy properties in Portland, Clackamas, Marion, Washington, Lincoln, and Curry counties, as well as in other states of our Country.
Better Off Home Buyers buys your home as-is. The traditional real estate market requires that properties for sale have the best conditions, so they can be chosen by buyers quickly.
Any major or minor repair that a property needs should be done and paid by the homeowner. Real estate agents consider it important to keep a house for sale clean, the gardens very green and healthy, the lights always on to make a good impression on potential buyers.
House painting and maintenance must be exceptional to make the property attractive. Undoubtedly, in order to have a house in the best conditions so buyers would like it, you must invest a lot of money.
An investor like us buys your property without you having to bear all the repair and retrofitting costs demanded by realtors.
Buying a home As-Is means:
Better Off Home Buyers buys your property in Portland, Oregon or in any state of our country, either
- It needs minor or major repairs.
- The homeowner has late mortgage payments.
- The house is in a foreclosure process
- The owners are facing a divorce.
- The house has been declared uninhabitable.
- It is inhabited with bad tenants.
3. Commissions And Closing Expenses.
A house sale commission is 6% of its commercial value, this is an expense that the seller homeowner must pay. The 6% charged by the real estate agent is not established by any law, but the practice has made that It is the amount to be paid for the real estate agent work.
On many occasions there is more than one real estate agent involved in the negotiation for the sale of a property, in this case, the commission is distributed among the agents involved in the house sale.
The closing costs are expenses and fees associated with buying and selling a home, such as taxes, insurance title, appraisal, and loan fees.
The closing costs may vary between 2% and 5% of the sale value of the house.
Other closing costs could include:
- Appraisal, appraising a property can cost anywhere from $ 500 to $ 1,200 in Portland, depending on the location and price of the property.
- Inspection. Inspections are typically paid in person and are not included in closing costs, but it is an expense that is done by the property seller.
- Property taxes. In order that the sale of a property can proceed, it must be up to date with taxes, an expense that the selling homeowner must make.
4. Time It Takes To Purchase Your House.
While it takes at least 90 days to sell your house through a real estate agent, the same transaction with an investor such as Better Off Home Buyers takes as little as 7 days, in many cases, we have bought houses in just 2 days.
Homeowners have the obligation to continue with the maintenance of their properties, taxes, and the expenses we had enumerated in the reason number 2 of this publication, during the home-selling waiting time.
Selling your property should be a fast and safe operation. A real estate agent can’t guarantee that your property will ever sell, it could happen that a lender denies a mortgage loan to a potential buyer, or it may happen that at the last minute the buyer regrets.
With Better Off Home Buyers the sale of your house is safe because we buy it. Our company does not depend on lenders, we have enough money to close transactions in any part of our country at any time even now that we are experiencing the scourges of the coronavirus.
5. Immediate Cash.
If for any reason a homeowner needs cash immediately (Relocation, unforeseen expenses, etc). Selling a house to an investor like us is the quickest solution.
We have had the pleasure of helping many people who needed cash to solve big problems, these homeowners found in us the way to acquire safe and fast cash for the fair value of their houses.
6. Your Peace Of Mind.
People may have many reasons to sell their houses, sometimes they want to move to a bigger house in another part of the city, sometimes they need to solve a personal problem. No matter what reason you have for selling your property, always a home sell transaction brings expectations and anxiety.
In an ideal world, selling a home should be quick, for the amount of money the seller wants to receive, and stress-free. But in the real world, the situation is very different. But what is real, is the excellent service that Better Off Home Buyers offers a person when we purchase his home.
We are interested that you as our client have a pleasant experience and that you find in Better Off Home Buyers the answer and the solution to your expectations of selling your house. We know that the best way to advertise our business is, you as a satisfied client after dealing with us.
Contact us by filling out the form on this page or dialing directly (503) 212-9641