Sell Your House Fast In Salem, Oregon
“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…”
We Buy Houses in Salem, Oregon
Sell your house, take advantage of its equity money, and start fresh all over again. Save your credit score from negative reports. Interests are historically low, and a new opportunity will be waiting for you ahead.
Take Action, contact us to help you, and don’t let your loan servicer take advantage of your home equity.
- We offer a clear transaction.
- A fair market home price offer.
- Closing in 7 days.
- No real estate commission fees.
- No closing cost.
- No home repairs.
- No hassles. We will close at your schedule.
Give us a phone call or fill out the information form on our website.
What Do You Have To Lose? Get Started Now...We buy houses in ANY CONDITION in OR. There are no commissions or fees and no obligation whatsoever. Start below by giving us a bit of information about your property or call 503-809-4855...
Home prices in Salem, Oregon increased 15% compared to last year
Selling for a median price of $360,000. On average, homes in Salem sell after 60 days on the market compared to 94 days last year. But like any other city in Oregon, the Salem real estate market experienced the same pandemic effects, due to the loss of jobs, low home inventory for sale, and economic and health issues.
Thousands of homeowners in Salem found relief by applying for a mortgage forbearance plan. The CARES Act granted protection to federally backed home loans. However, many homeowners as small landlords also continue struggling to get back on their feet and get their loans current.
Today, a lot of borrowers are close to the end of their mortgage forbearance plans. In a short time, these homeowners must face:
- The end of the mortgage forbearance plan.
- Repayment missing period.
- Loan servicer’s decisions.
- Selling the house in Salem.
What Happens When Mortgage Forbearance Ends?
Depending on your mortgage, you could be eligible for up to 15 or 18 months of mortgage forbearance in Salem.
It is important to know that these extensions are not automatic and that is up to your mortgage servicer to grant a final decision.
When your mortgage forbearance plan gets to its end, it is important to take into account that any repayment plan you want to get in must be discussed and approved by your mortgage servicer. You need to see which one of them is good for you and which one you may qualify for. So, when you are ready to start making payments again, you have to have a repayment plan in place in addition to your regular payments. Remember, forbearance is no loan forgiveness.
You Have Four Options at the End of Forbearance.
- Full Repayment. One time, one lump sum payment.
- Intermittent Payments. You make payment arrangements with your mortgage lender to repay the missing payments over a three, six, nine, or twelve months period. Any of these arrangements is an addition to the regular monthly payment.
- Payment Deferral. This option allows you to repay the missed amount when either you sell, refinance, or at the end of the loan term.
- Loan modification. This option can help you if you are at risk of foreclosure. This is probably the option least supported by lenders and possibly the most difficult to qualify for due to the mechanisms involved.
If a borrower is unable to make the new payments, then he has other options such as selling the home, or ultimately the one homeowners should avoid the most, facing foreclosure.
Contacting Your Mortgage Loan Servicer.
The CARES Act indicates that for homeowners to obtain a forbearance plan for their federally backed home loans, they do not need to present any proof of struggling due to the coronavirus hardships to their lenders. The same applies to getting an extension of the plan as well. However, it is highly recommended to document any conversation and any sort of communication you may have with your loan servicer.
There are hundreds of reports of misinformation given to homeowners in Salem and across the nation. The lack of information or erroneous ones has caused damage to homeowners and independent landlords affected by the crisis.
It is important to insist that any contact you have with your servicer must be documented and filed for your protection. We wrote In a previous publication about a client who had requested a forbearance plan in early May 2020. In this situation, our client contacted his loan servicer over the phone. He informed his loan servicer about his income situation and all the troubles he was going through because of the pandemic.
The bank official on the other end of the phone line assured the homeowner that everything was settled. So, there was nothing to worry about. After 90 days passed, the homeowner in this story received a Notice of Default. Immediately, he contacted his servicer because, as far as he knew, he was protected by a forbearance plan.
This owner spent days trying to prove that his allegations from previous contacts with his lender were true and that he was approved for a forbearance relief plan over the phone. Unfortunately, he was unsuccessful because he had nothing in writing as proof. Thus, the lender suggested he pay the missing payments in full, or a foreclosure process would be his fate.
Better Off Home Buyers purchased his Salem house in a transaction we closed at the end of August last year. Our client had substantial equity on his property. He was able to relocate and start all over again with the money he received for selling his house to us.
If you are currently in default or think you will because you are concerned about making your mortgage payments, contact your lender to discuss your options and steps to resolve the problem. Remember to file and document all communications you have with them. We can help you. Having a trusted and knowledgeable professional like us on your side is essential and could be the determining factor in helping you with your home needs.
Forbearance Deadline Extension
The Consumer Financial Protection Bureau announced that the deadline for requesting an initial forbearance had been extended to June 30, 2021. But this rule only applies to home loans backed by HUD/FHA, USDA, or VA. Also, you may qualify for up to two additional three-month extensions for a maximum of 18 months of total forbearance. But to qualify, you must have requested an initial forbearance plan on or before June 20, 2020. Keep in mind that not all borrowers will qualify for the maximum.
The Cares Act, the CFPB, and the Oregon government, constantly release information and guidelines on how homeowners can sign on to a forbearance plan, but still is not clear how they would qualify and be approved for a repayment plan.
It seems that loan servicers have the power to approve or deny any repayment plan application. Still, it is not clear how the loan servicers would process the repayment application after forbearance ends. It is scary to think about it because no federal or local guidelines indicate how the banks and lenders should proceed.
Sell Your House Fast in Salem, Oregon
If you have the means and get approved for a mortgage forbearance repayment plan, good for you. You have a big chance to save your home. But if you continue suffering the pandemic consequences, it could be difficult to keep your family and your house safe.
Experts believe that mortgage forbearance is not a relief plan but a trap. During the pandemic, the real estate market has increased up to 20% in many cities across Oregon. Speculating, one may think, lenders could use their power to deny forbearance repayment plan applicants and force foreclosures. It is attractive for home equity in Salem today.
The silver lining in the midst of all this chaos is that homeowners in crisis can sell their properties to home buyers like Better Off Home Buyers. Our company buys your house in a short period of time, usually seven days. Sometimes in Salem, we were able to pay for a house just in a two days transaction.
If You Are Struggling With Your Home Payments, Use The Power Your Home Equity Has
Here are some of the reasons Salem owners turn to us
We are using technology to have virtual conferences and prospect home tours. However, we also conduct physical home visits when needed.
Our professional home buying team has been able to buy properties in Salem, the Portland Metro, and also in the counties of Clackamas, Marion, Washington, Lincoln, and Curry.
Better Off Home Buyers buy 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, and the lights always on to make a good impression on potential buyers. Expenses are to be paid by the home seller.
An investor like us buys your property AS-IS.
Buying a home As-Is means:
- The home seller does not pay for minor or major repairs.
- If 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 by bad tenants.
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 Salem 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 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 Salem, 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 need 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.
People May Have Reasons to Sell Their Houses
Regardless of your reason for selling your property, the home sale transaction always brings expectations and anxiety. Sometimes they want to move to a bigger house in another part of town. Sometimes they need to solve a personal problem.
In an ideal world, selling a home should be quick, stress-free, and for the amount of money, the seller wants to receive. But in the real world, the situation is very different. However, the real thing is the excellent service that Better Off Home Buyers offers a person when they buy their 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 by dialing directly (503) 212-9641.
Frequently Asked Questions
Will I have to pay any costs when I sell to Better Off Home Buyers?
No. You do not pay any fees or costs when you sell your home to us. On the contrary, if you sell your house through a real estate agency. You must pay the agent’s commission and closing costs. On top of that, you have to pay for home improvements, schedule and manage visitors, and wait up to 180 days for your home to sell. Our home buying process ensures that we will buy your house in about seven days for the highest price possible.
How do I know you are giving me a reasonable offer?
After we visit your home, we will present you with a cash offer. Your property appraisal is performed by one of our professionals who will consider the variables that affect home prices: market trends, home prices in your neighborhood, and the physical condition of your property. You can take the time you need to accept our offer. You also can shop around and compare other offers. Due to our experience, we are confident you will find our proposal the best. The most important thing is that you have a satisfactory experience dealing with us.
How soon will I have to move out of my house?
Our home buying process will guarantee we will buy your home in about seven days. However, We understand that relocating needs effort and time. For this reason, on many occasions, we have agreed with homeowners for 30, 60, or 90 days to move out from the property.
What types of homes do Better Off Home Buyers buy?
We buy any type of home. The majority of properties we have purchased over the years are single-family homes. However, we also buy duplexes, complex apartment units, rental occupied properties, uninhabited homes, abandoned homes, and land.
What if my property has tenants?
If you need to sell your tenant-occupied house, we will buy it. Many landlords have experienced difficulties since the Coronavirus breakout. The federal and local ban on eviction regulations has pushed landlords to the edged of the abyss. We have had the opportunity to help owners who needed to sell their properties with tenants. We have also helped tenants with moving costs or a new lease. Everything obviously, according to the needs of the landlords and tenants.
What if my property needs repairs?
Home repair costs are the number one concern for homeowners who need or want to sell their homes. Sometimes properties need improvements that can cost tens of thousands of dollars. Usually, a homeowner that have not the means to repair his home would be rejected by realtors. There is no need to spend on home repairs or any other expenses. We buy your home AS-IS.
Who are the Better Off Home Buyers?
Although this is not a frequently asked question, some customers have asked us. We are a family-owned real estate investment company serving Oregon.
Our home buying process is fast. We have helped hundreds of homeowners who wanted or needed to sell properties. 1. contact us; 2; we present you with an offer. 3, you get cash for your home in about seven days.
Our team includes Lawyers, Accounts, Real estate specialists, Financial Advisors, and fantastic support personnel.
We Buy As-Is Properties
We’ve had many people contact us that were tired of being a landlord. People who have had a rental property for a long time are ready to sell. They don’t want to go through the hassle of relocating tenants, renovating the house, hiring a real estate agent, marketing the property, showing it, and finally selling it.
Recently, due to the pandemic, the federal and local eviction ban rules protected renters but were devastating for landlords who did not could collect their rent for months, even more than a year in many cases. We have had the opportunity to help desperate landlords by buying their occupied rental properties.
At the same time, we have helped their tenants who wanted to move out or sign a new lease agreement. We buy your rental property As-Is. Contact us for more information.
No matter what the physical condition of the property, we buy it. You don’t need to put any money into fixing up your house. Does the carpet or flooring need to be replaced? Water damage? Mold? Does the kitchen or bathroom need to be updated? Moss on the roof? Are the old gutters clogged? Do the aluminum windows need to be updated? Or just general wear and tear? Don’t worry. We’ll make you a fair offer regardless of the condition.
Home repairs are the main concern for homeowners when they want or need to sell their properties. On many occasions, the cost of repairs is so vast that people think they would never sell their home. But that is just a myth. To sell your run-down property, give us a call. We will take of everything.
Inheritance & Probate
Have you inherited an unwanted property and need cash now? Are you the personal representative of the estate for the probate process? We will make you a fair offer and take care of cleaning out the property. You don’t need to lift a finger to get the property ready for sale. We’ll do all the heavy lifting, even if the property has tenants. We’ll take care of it all for you. It’s our job.
Sometimes an inherited property causes problems among family members. It may happen that relatives do not agree on a time, expenses, and taking care of the house. Sometimes it becomes a practical solution to sell the property, but that also is a decision that generates disagreement; it could be that some of the family members approve of investing money in-home repairs, and others may consider it a waste of time and dollars.
If you want to sell your inherited property or are a representative of an estate, fill out the form on this page o dial our phone number directly. We want to hear from you.
Eviction & Tenant Situations
Do you have tenants that are not paying? Are tenants taking advantage of Washington’s tenant-friendly laws? Have you evicted tenants and your property is damaged? Or just flat-out bad tenants? We can handle any tenant situation. We’ll make you a fair offer and take care of the tenant situation.
Tenant-landlord relationships have been a sensitive issue durant the last two years. On one side, rules prohibited evictions; on the other side, landlords were not receiving any money from their rental investments, carrying out the costs such as the mortgage, maintenance, and property taxes.
After evictions were lifted, the nightmare became a reality for many landlords, with no money in their pockets and a destroyed rental-occupied home. Thus, the solution. Get rid of the property before the damage worsens. We can take care of your tenant-occupied property. We will buy it through a seven days process.
We help landowners in Canby and across the country. If you have inherited a parcel of land that you do not need. You may not have time to keep it or put it into production. You could be behind on your payments or need money immediately. We buy land; We will make a cash offer for any land, whatever its condition and situation.
Hoarding, drug houses, crime scenes, homicide, suicide, and unattended death on the property. We’ve dealt with it all. There is no need for you to hire a biohazard cleanup company in Portland, Oregon. We have our cleanup crew. Our goal is to make your selling process quick and easy.
We Make Selling Easy
Depending on the situation…
We will close on the date of your choosing.
Whether it is 6 days or 6 months, you choose the date.
We will pay for your move to your next place.
We will pay for your probate attorney.
We will pay for your eviction attorney.
We will transfer utilities for you.
We will find your next place to live so you can sell confidently.
We will take over tenant communication.
You can live at the property for weeks after closing.
Provide a free storage unit.
You will receive complimentary trash removal.
We will take care of donating anything you don’t want that’s still intact.
Compramos su casa rapidamente y en effective