We Buy Home in Medford, Oregon
There is no doubt that we are experiencing an unexpected situation in the United States. The COVID-19 has impacted the economy, health, and thousands of people had lost their jobs. Fortunately, the authorities have lifted most of the restrictions. companies are reopening their doors, and we are getting back to normal in Medford and throughout Oregon.
During the pandemic, The Medford real estate market decreased in the number of homes available for sale. This means, listed properties are selling quicker and to a higher price.
Anyone can think that the Medford housing market is going through a good moment. But far from that, if we take into account the variables that have influenced the market trends. Such as the local economy malaise caused by the federal and local authority’s rules. The reduction in interest rates, and the home prices rising by more than 15 percent. It is easy to understand that as a result of this mixture, the Medford real estate market has become selective. This means that no all can get a benefit from it. So, if a homeowner wants or needs to sell his home fast, but he or she does not have the means to adequate the property to the demanding sale standards. That homeowner would have no chance to list his house and have a fair offer through the real estate market.
What is The HB-4213 Eviction Moratorium Law?
The Moratorium on evictions law was issued to protect tenants from been evicted during the pandemic.
During the pandemic, tenants can defer paying their rent between April 1 – September 30, 2020. Landlords can not evict tenants for nonpayment during this time. Tenants will have six months (until March 31, 2021) to pay back the deferred rent. Landlords cannot charge late fees or other charges based on nonpayment of rent between April 1 and September 30, 2020. Landlords also cannot give notices of termination without cause or file for an eviction based on a termination without cause between April 1 and September 30.
Any rent that came due between April 1, 2020, and September 30, 2020, must be paid by March 31, 2021. Starting on October 1, tenants need to pay their rent each month under the terms of the rental agreement. But tenants have six months to pay back rent that built up before October 2020. Starting in October and after, a landlord can evict a tenant for not paying rent under the terms of the rental agreement but cannot evict a tenant for not paying any rent that was deferred between April 1 and September 30.
Later modifications to the law prohibit landlords from filing an eviction complaint before June 30, 2021. At the latest update to the law, President Biden ordered to change the deadline to July 31, 2021.
At Better Off Home Buyers, we have received phone calls from concerned landlords saying their tenants have not paid their rent since April or May 2020.
Recently, a landlord told us that his tenant stopped paying rent without notification. Also, his tenant didn’t request to defer his monthly rent payments according to the HB-4213 law. The landlord looked for legal assistance to reclaim his rights over the rented property. But rather than get legal advice, he was told to do nothing until the moratorium on evictions end, or sell the house.
What Should A Landlord Expect In The Months to Come?
As we said at the beginning of this publication, right now the Medford real estate market as the Oregon markets are experiencing the ideal home sale conditions and the results every real estate agent once dreamed of. New listing properties don’t last in the market for more than 8 days, Up to 20 offers a new listing property receives in 48 hours.
But what if a landlord can not afford his rental house expenses because the tenants don’t pay rent?
One of the most common questions out there that we find from landlords when they get to the point that where they have to sell, especially if the tenant is not paying, they can afford to keep the property anymore. They are desperate! Can they sell right now?
At Better Off Home Buyers, we want to help homeowners in need of selling their houses, you don’t need to wait until your tenant-occupied Medford home is making the foreclosure Jackson county’s listing lines to look for help.
Despite that, the eviction moratorium and the landlord’s rights are sensitive topics because people needed a place to live during the Coronavirus epidemic and landlords could do nothing to regain control over their investments. Always, you as a landlord can solve your rental-occupied property problems, by selling the house.
After the ban on evictions end on July 31, 2021 tenants will be allowed to filled eviction complaints. But even with a process in court, it is no guarantee that in a short time a landlord can retake his property back.
In the months to come, Medford Landlords that currently are struggling because tenants can’t pay rent should expect more months without income from their rental properties. Also, they should expect legal and professional advice expenses and big headaches when finally they could take control of the rental properties.
Better Off Home Buyers specialize in purchasing tenant-occupied properties. During the covid-19 more difficult months, we have been able to help landlords who wanted to sell their houses because of income struggles.
Better Off Home Buyers Will Buy Your Medford House.
We buy homes in Medford, Oregon. Homeowners who contact us receive an immediate response. Typically, we explain to them our home-buying process during the first phone call. After that first contact, we set an appointment to see the property. As follows, The information homeowners receive from us.
- We Pay Top Dollars
The real estate market establishes a house selling price. To come out with a fair home market price, the appraisal procedure involucrate some variables into its equation. As follows:
- The property’s age and conditions
- The local market
- Home size
- Neighborhood comps.
Better Off Home Buyers will offer the best price possible for your property for sale in Medford, Oregon. The price of a house for sale depends on how the property responds to the requirements (variables) of the market.
- No Home Repairs Needed.
One of the biggest concerns for a home seller is spending money on major or minor repairs that the home would need to impress potential buyers. Real estate agents love to work with perfectly good homes only.
When you sell your house to Better Off Home Buyers, you don’t need to worry about home repairs, cleaning, garden conditions. Etc. We buy houses AS-IS.
- You Don’t Pay Commissions or Fees.
Closing costs plus the realtor’s commission are estimated at 8.5% of the home’s sale price. In a traditional home sale transaction, the cost of selling an average home ($ 500,000) in Medford, Oregon is $ 42,500. Money paid by the seller
Oregon Homeowners who sell to Better Off Home Buyers, don’t pay for closing costs or sale commissions.
- We Close In 7 Days or Less.
You can sell your Medford AS-IS house in just 7 days. Contact Better Off Home Buyers by filling the form on this page or by dialing directly. We’ll be happy to walk you through our home buying process.
We work differently. When you contact us by submitting the information form on this page. We will visit your house. Then, we’ll give you a fair all-cash offer for your house within 24 hours… and the best part is: we can close whenever YOU choose to close – Closing is entirely up to you. It doesn’t matter what condition your house is in, or if there are tenants there that you can’t get rid of… don’t worry about it. We’ll take care of everything for you. Finally, you will have cash in your hands, as little as 7 days.
In Oregon, while you may be able to get a higher “top line” sales price listing with a local agent, that doesn’t always boil down to more money in your pocket or less headache.
|Activity||Selling w/ An Agent||SOLD To Better Off House Buyers|
|Inspection & Financing Contingency*:||Yes, sales can fall through||NONE|
|Appraisal Needed:||Yes, the sale is often subject to appraisal||NONE – We make cash offers|
|Average Days Until Sold:||+/- 91 Days||IMMEDIATE CASH OFFER|
|Number of Showings:||On average 20 showings||1 (Just Us)|
|Who Pays For Repairs?:||Typically, The Seller. However, It could be Negotiated During Inspection Period||NONE – We pay for all repairs|
|Commissions / Fees:||6% on average is paid by you, the seller||NONE|
|Closing Costs?:||2-5% on average is paid by you, the seller||NONE – We pay all costs|
|Closing Date:||30-60 +/- days after accepting buyers offer||The Date Of YOUR CHOICE|
See for yourself and get a fair all-cash offer on your house today. Just fill out the short form below or give us a call and let’s know more about each other. Our process is simple and you can close on the date of your choice. You will get no obligations – no pressure offer for your property. You could potentially save thousands of dollars or months of your time by testing us. Contact us
if you are behind in your mortgage payments if the coronavirus has reduced your income and you will potentially be in foreclosure, the solution is to sell the property. This is an appropriate time to sell, selling your house can prevent you from losing more money. Also, it avoids a blemish on your credit report.
Better Off Home Buyers buy your house in 7 days. After you contact us, we will return your phone call the same day. Then we set an appointment to see your house, in 24 hours we will present you with a writing offer. When you give us the green light, we start working on the purchasing paperwork, so you can have the cash for your house, almost, immediately.