We Buy AS-IS Houses in Happy Valley

“They went out of their way to make sure I was happy with the deal and they assisted in any way they could to make the process easier…”

Mathew Mexicotte

Better Off Home Buyers is a real estate investment company that is helping homeowners, independent landlords, small multifamily resident owners, and many more who want or need to sell their Happy Valley properties.

Oregon, like the US territory, is returning to normal. Little by little, the unemployment figures have been decreasing. We can see that in Happy Valley, small and large businesses are improving. But on the contrary, there are a large number of owners and small landlords who continue to fight against the crisis generated by COVID-19.

Many independent landlords in Happy Valley have lost their rental income because their tenants were affected by the virus crisis. During the past 12 months, hundreds of working families lost their jobs and their ability to pay their rent. Fortunately for them, Oregon and federal authorities implemented an eviction ban that helped them maintain a place to live during the pandemic.

But what is a blessing for some is a nightmare for others. Homeowners who don’t get money from rental investments are on the brink of disaster. We have been contacted by property owners who are about to face foreclosure because their tenants do not pay rent and others who are under pressure from the local authority’s tenant regulations and cannot do anything to regain control of their properties.

Despite the efforts to control the coronavirus pandemic, many believe that the damage is done and that for many homeowners in Happy Valley, the recovery will never show up.

Is It A Happy Valley Market?

As a real estate market in Oregon, the Happy Valley real estate market has seen a historically low number of homes for sale. Single-family home prices rose more than 20% during the pandemic. The Happy Valley real estate market became a seller’s market with a median home value of more than $560,000. Homes for sale take an average time of 32 days to sell, receiving up to 8 offers in the first 3 days of listing.

If you want to sell your house in Happy Valley, and it’s in good shape, this is the right time to do it. Today, equity is one of the most motivating reasons people are selling their properties in the area.

But if you need to sell your house because you are going through difficult times and you are not well prepared to sell the property because the difficulty of COVID-19 was something that nobody expected. Therefore, the traditional Happy Valley real estate market will not help you.

Specialized Real estate websites advise homeowners who want or need to sell their houses, to take some steps, to maximize the chance to sell. They recommend:

  • Clean and declutter.
  • Hire an agent.
  • Priced to sell – These means reduce the price to sell.
  • Set a timeline for price reduction
  • Consider sales incentives (Closing costs)
  • Handle any repair (Major or minor)
  • Stage and add curve appeal
  • Hire a professional photographer
  • Write a great listing description
  • Be flexible with showings
  • Pack up and hire a stager

Among others, the above are the most common tips from real estate agents to homeowners listing their homes for sale.

The missing information on these websites is the fact that the homeowners will pay for the improvements.

If you need to sell your house but it is no in the best condition, you will be rejected by any real estate agent.

How Can I Sell My Home AS-IS?

If your house needs some repairs, but you can not afford them. That is nothing to worry about, Still, you can sell your house as fast as 7 days.

Statistics show that a selling homeowner pays out from his pocket around 20% of the home sale price. The calculation includes:

  • Real estate agent commissions
  • Closing costs
  • Home repairs
  • Expenses incurred during the sale waiting time.
  • Time to showings
  • Mortgage and property taxes

Although the Happy Valley real estate market is all the rage, that is no guarantee that your home will sell quickly or for the best possible price. 

The median time to sell homes in the first quarter of 2021 has been established at 32 days. Which is better than the pre-pandemic regular time to sell a house that was 95 days. Sometimes a house stays in the market for up to 6 months.

A home AS-IS is not only a property that needs physical improvements. The term AS-IS contains all the problems that a property can have. Such as liens, foreclosure, bad tenants, divorce, inherited, uninhabitable, structural damage, major or minor repairs, and so forth.

You can sell your Happy Valley AS-IS house in just 7 days. Contact Better Off Home Buyers by filling the form on this page or by dialing directly. We are more than happy to walk you through our home buying process.

How Our Home Buying Process Works

  • Let us know about your property.

Contact us, Once we collect your property information, we will present you with a fair all-cash offer within 24 hours. If you accept it, we can close as quickly as 7 days.

  • Criteria: If your house meets our buying criteria, we’ll set up an appointment. We buy houses AS-IS, however with few exceptions, some properties are out of our home-to-buy standards, in those cases, we inform the homeowner immediately, and in our best effort, we direct him to other selling options.
  • A no-obligation offer. As soon as we visit your house for sale, we will have an evaluation of it. Then, we will present you with a fair written offer. We have on account all the variables that affect a fair home price. 

  • Cash in your hands in as little as 7 days.

Our Better Off Home Buyers team includes Lawyers, Accountants, and Real estate professionals to provide an excellent service to our clients. We work with a well-known local title company to be able to close the transaction in a short time. Because we have the capital to buy properties, the closing can be as 7 days in many cases.

  • We use technology and apply social distancing to communicate with you and protect your health.

We use technology to visit the houses we want to purchase. Many homeowners need to sell their houses, but they don’t feel comfortable having people walking in. Technology has become an effective tool to see and evaluate a property when the homeowner won’t have visitors at home. If for instance, we physically must visit a house, we always follow the recommendations of the CDC and Oregon’s authorities to prevent the COVID-19 from spreading.

We buy homes in Happy Valley, contact us. Better Off Home Buyers is ready to help you. Many homeowners have decided to sell their houses to an investor like us because They get the benefit of selling in a short time, no hassle, no pressure, and cash in their hands almost right away.

Analysis of selling the house to Better Off Home Buyers

Peter’s property is a two-story, three-bedroom, 2 and a half bath house located in Happy Valley. He purchased the house in March 2009 for $325,000, using a home loan granted by a bank with 7.6% interest. 

As of December 2020, the property values’ market was $722,500. The amortized value paid in the 10 years was $ 30,000. He was affected by the COVID-19 crisis and had been unemployed since May 2020. Desperate for his financial situation, he signed a mortgage forbearance plan, but the forbearance agreement was not in his favor because his mortgage loan was not backed by the federal government. . After the application, the loan servicer approved Peter only for a 90-day deferral plan.

Here’s the analysis Peter worked on in March 2021 to figure out the most convenient approach to selling his home:

Property value as of December 2020$722,500.00
Amount owed to the lender-$295,000.00
Net capital gain at December 2020$427,500.00
Late payments from August to December 2020-$15,900.00
Capital gained on 2020-2021 15%$108,375.00
Property Taxes 2020-2021-$3,250.00
House equity in March 2021$516,725.00

Selling the house, for this client represents a capital gain of $516,725. He concluded that by selling the property, he was able to pay debts, and still, he might purchase another house. 

Taking advantage of the current interest rates I can relocate, get a home loan and meet my new mortgage obligation without any problem,” said Peter.

Analysis of Selling The House Through A Real Estate Agent

Here, Peter’s analysis for March 2021.

Property value as of December 2020$722,500.00
Amount owed to the lender-$295,000.00
Net capital gain at December 2020$427,500.00
Late payments from August to December 2020-$15,900.00
Capital gained on 2020-2021 15%$108,375.00
Property taxes 2020-2021-$3,250.00
Major – minor repairs and appeals, average-$25,000.00
90 days listed – 3 mortgage payments-$7,300.00
Average property tax 3 months-$815.00
Maintenance expenses 3 months-$600.00
6% commission to the real estate agent-$43,350.00
Closing expenses 3% approximately-$21,675.00
Total Capital gain selling to a real estate agent$417,985.00

Summarizing: Peter’s Net capital gains

Selling the house to Better Off Home Buyers$516,725.00
Selling the house to a Real estate Agent$417,985.00

In this example, selling his house to us, Peter would receive $98,740 more.

Contact us if you have any questions about selling your property. We can help you.

Reasons Selem Home Owners Turn To Us

1. Social Distance

Many homeowners who were willing to sell their houses refused to do so because they were afraid of catching the COVID-19 virus. They had preferred not to receive strangers at home. 

Contribute to keeping everyone’s health is important to us. Better Off Home Buyers. We are using technology to have virtual conferences and prospect home tours. However, we also conduct physical home visits when is needed.

Without endangering the health of any person and complying with all the measures of the health authorities, our professional home buying team has been able to buy properties in the Portland Metro, and also in the counties of Clackamas, Marion, Washington, Lincoln, and Curry.

2. We Buy Your House As-IS

Better Off Home Buyers buys homes 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 for 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. Expenses to be paid by the home seller.

An investor like us buys your property AS-IS.

Buying a home As-Is means: 

No matter the situation, we buy your house.

3. Sale 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’s work.

On many occasions there is more than one real estate agent involved in the negotiation, in this case, the commission should be 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 the Portland Metro area. It depends on the location and price of the property.
  • Inspection: Inspections are generally paid for in person and are not included in closing costs, but they are an expense incurred by the seller of the property.
  • Property taxes: For a property to be sold it must be up to date with taxes, an expense that the seller must make.

4. Closing Time

While a real estate sale takes at least 90 days to sell your home, the same transaction with an investor like Better Off Home Buyers takes just 7 days. In many cases, we have bought homes in just 2 days.

During the home-selling waiting time. Homeowners have the obligation to continue with the maintenance of their properties,  taxes, and the expenses we had enumerated in reason number 2 of this publication.  

Selling your property should be a fast and safe operation. A real estate agent can’t guarantee that your property will ever sell, a lender might deny a mortgage loan to a potential buyer, or it may happen that at the last minute the buyer regrets it.

With Better Off Home Buyers the sale of your house is safe because we will buy it. Our company does not depend on lenders, we have enough money to close transactions in Happy Valley, and across Oregon. 

5. Immediate Cash

If for any reason a homeowner needs cash immediately, let’s say  relocate, unforeseen expenses, illness, or unexpected unpleasing situations. Selling the house to an investor like us is the quickest solution. 

We are happy to help many people who needed cash to solve big problems, these homeowners found in us a way to acquire safe and fast cash for the fair value of their homes.

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 sale 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.

Our purchase process is honest, clear, and fast, after a person contacts us, our team immediately goes to work to make a win-win offer.

People can have many reasons to sell their houses, sometimes they want to move to a bigger house in another part of town, sometimes they need to solve a personal problem. Regardless of your reason for selling your property, the home sale transaction always brings expectations and anxiety.

In an ideal world, selling a house should be quick, for the amount of money the seller wants to receive and without stress. But in the real world, the situation is very different. But the real thing is the excellent service that Better Off Home Buyers offers a person when we buy his home.

We are interested that you, as our client have a pleasant experience and find in Better Off Home Buyers the answer and the solution to your expectations of selling your home. We know that the best way to advertise our business is for you to be a satisfied customer after dealing with us.
Contact us by filling out the form on this page or dialing directly (503) 212-9641.

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