What Are Your Rights As A Home Seller or Home Buyer?

Buying or selling a house can be a stressful and vulnerable time for every party involved in the closing. To make sure that the process goes smoothly, make sure that you are familiar with your rights and obligations as a buyer and as a seller ahead of time! 

 

As a buyer, you are entitled to the following elements: 

  • You have the right to house-hunt without facing discrimination thanks to the Fair Housing Act which prohibits discrimination in the sale, rental, or financing of dwellings and other housing-related activities on the basis of race, sex, disability, color, religion, familial status, or national origin.
  • You have the right to know about any potential health hazards linked to the property, including waste management, water supply, insulation, hazardous materials (such as lead paint). Disclosure agreements vary state by state: you can find which forms are requested from the buyers here
  • You have the right to made aware of the financial history of the property, including property taxes and any encumbrance on the title (such as liens, easements, or any other issues)
  • You have the right to access any information that will help you get a fair deal on the property. This includes an objective appraisal, and market price analysis and comparison
  • You have the right to have access to all the information regarding closing, including a copy of the purchase and sale agreement, a walk-through of the property before closing and access to the settlement statement at closing

 

As a seller, you are also protected by real estate laws and have the right to the following elements: 

  • You have the right to advertise the property for sale in a public listing or another similar forum, with the help of a real estate agent or not
  • You have the right to set a price for your property that you deem reasonable, backed by truthful and accurate information
  • You have the right to request a home inspection prior to closing
  • You have the right to protect yourself by requiring that a deposit or a certain amount of the purchase price be placed in escrow before closing, and may request verification of financing or a mortgage loan before the sale is finalized
  • Finally, you have the right to accept or refuse an offer, for example, if you find it to be too low, if you are worried about the potential buyer’s financing abilities, or simply if you changed your mind about selling the house in the first place. However, per the Fair Housing Act, you cannot refuse to sell your property to a specific buyer based on his or her race, color, sex, familial status, or national origin.

 

Shall any legal issues arise during the closing process from either the buyer or the seller, the best course of action would be to hire a real estate lawyer. He or she will be able not only to help you know your rights but also to provide legal representation and council if the dispute was to lead to a lawsuit or any other legal proceeding. 

How Selling your Home to Offerpad Works

Selling your home has never been easier than it is today. For those looking to make a fast sale, there are a plethora of options at their disposal. Rather than listing your home with an agent and going down the traditional route, people now can receive instant cash offers on their house and sell their home within days. One such company that currently buys homes is Offerpad. Like many other companies like it, Offerpad makes selling your home as easy as possible, giving sellers flexibility and providing them with good, clean, and easy service and support. Offerpad currently operates in eight different states.

 

How selling your home with Offerpad works

 

Offerpad began in 2015 and since has helped tons of homeowners sell their home and successfully move. The process works in just 6 easy steps. First, the seller provides Offerpad with a summary of the property they wish to sell. This includes the address, details of the home, upgrades, and current condition along with any photos (photos are not necessary but are highly encouraged). 

 

Next, once Offerpad receives your home description, it reviews it, uses its own algorithm while taking several other things into account to create your offer. Overall, this process takes just 24 hours. Upon completion, your offer will be sent to you.

 

The third step is to review your offer. Once the offer is submitted to the buyer, they have a chance to review everything included.. 

 

After that, the seller is able to quickly sign all the necessary documents online. Offerpad will send you the purchase contract and should it be to the seller’s satisfaction, simply sign online, and the deal will officially be under contract.

 

Following the signing of the documentation, Offerpad performs an inspection of your home to verify the information included in the initial description. Once that is completed, all that is left is the closing. At the closing, Offerpad pays the agreed upon price to purchase your home. After that, you’re free to move on into the next phase of your life.

 

Other amenities

 

Additional services included with the offer range from free local moves and totally flexible closing dates to extended stays after your close. With Offerpad’s Extended Stay Program, you are allowed to stay in your house for up to 3 days after the sale. This saves homeowners the usual chaos of having to close and move on the same day. Sellers have until 7 pm on the third day to be complete vacated from the house. For example, if the closing occurs on the 3rd, the seller has until 7 pm on the 6th to vacate.

 

Another feature is their Free Move Program. Once your house in under contract with an offer from Offerpad, the moving company will contact you to set up a moving date (the date can be rescheduled if needed). The move is free anywhere within 50 miles, and Offerpad will pay the moving company directly. The only additional costs required are anything you and the moving company agree to prior to the move such as additional insurance. On the day of the 

 

How buying a home with Offerpad works

 

Buying a home with Offerpad is as easy as selling. Currently they have listed homes for sale in; Phoenix, Las Vegas, Atlanta, Tampa, Charlotte, and Dallas among others. Their goal is to remove the stress and hassle associated with the traditional methods of buying a home and making it as easy and stress free as possible.

 

With Offerpad’s Instant Access, prospective buyers can browse from hundreds of homes in their local area quick and easy with no agent required. Buyer’s are paired with their own transaction managers to help guide them through the entire process. Offerpad takes care of the entire process and provides flexibility with move in dates to accommodate your schedule. The goal is to sell you a home quickly without hassle and without the need to involve agents and go through endless paperwork and agent fees. 

 

Viewing a house is easy through their instant access service. Homes are available for viewing between 6 am and 11 pm local time, simply arrive at the house and the instructions for viewing will be there for you at the door when you show up. 

 

Does it really work?

In just 5 years, Offerpad has purchased thousands of homes from homeowners, offering fair market value prices. People who are in a bind with their home or are just looking to make a quick sale with as little hassle as possible find Offerpad to be among the best services to go through. Their customer service is personable and previous clients boast of the swiftness and professionalism of the process.

Alternatives

 

These days more and more organizations such as Offerpad are popping up and growing in a wide range of areas. One such company is Value Cash Offers. Offerpad currently is not operating in Illinois. For those in Illinois looking to sell quickly and receive an instant cash offer on their property, VCO is the place to go. Value Cash Offer provides people with a quick and easy way to sell their home. Selling a house is not an easy process, especially when you’re trying to sell your home fast. Value Cash Offer makes the process as easy as possible. Value Cash Offer walks their clients through the entire process and provides them with direct assistance throughout. 

 

VCO will buy your home in any condition and under any circumstances. Whether your need to move quickly for work related reasons, have a bad mortgage, fire damage, mold, etc., VCO will give you a cash offer and buy your home as is. With zero closing costs, sellers can take the full offer with no hassles or extraneous fees. Selling a house can take up to 3-5 months using the traditional method of finding an agent, listing the house, staging it and doing any repairs necessary. Using Value Cash Offer, sellers can receive an offer and cash out fully within 7 days. For those in Illinois looking to sell quickly, Value Cash Offer is the best option. 

Ways To Sell Your Home During the Holidays

The holidays are busy enough as is. You have shopping to do, family to worry about, and it’s even more challenging to add selling your home into the mix. In the real estate world, November through January is considered one of the worst times to put your home on the market. 

That being said, there are some advantages to selling your home at the most wonderful time of year. In fact, home sales have increased by an average of 4.5% over the past 3 years during the November to December months, so there are buyers out there hoping to make a purchase. 

While you should aim to sell at another time of the year if possible, selling during the holidays doesn’t mean all hope is lost. The first step is to commit to the challenge. It’s time to deck the halls and get your home sold at last. 

 

1. Use the Holidays to Your Advantage

That’s right, selling your home during the holidays isn’t all bad. You can actually use the season’s excitement to drum up your own sales. Who doesn’t love a dose of holiday cheer? When homes are staged for selling, they look more welcoming to visitors. This helps buyers imagine what the home will look like when they’re actually living in it. This is the same with holiday decor. 

However, you’ll want to tread carefully into the world of holiday decorations. Most buyers understand that homes don’t usually look their best during the holidays. The season is hectic, so that’s to be expected. Try to keep your decorations neutral with simple fall and winter decorations instead of religious themes that might offend guests. Similarly, keep your ornaments simple to avoid overcrowding your buyers. 

 

2. Look for Motivated Buyers

It can be hard to find motivated buyers during the holiday season. Many are simply browsing or considering purchasing in the next year, and they’re a drain on your energy. That’s why it’s essential to target your search to motivated buyers who are more likely to go forward with a sale. 

Consider the motivations of your buyers. Why are they looking for a house during the holiday season and not another time of year? Are they relocating for a job or college staff preparing for a new semester? Make sure they have a legitimate reason before you invest time and money into pursuing your buyers. 

 

3. Capitalize on Curb Appeal

Your curb appeal is more important than ever during the holiday season. When it’s the dead of winter, your home doesn’t look its best from the outside. The trees might be bare, your flowers aren’t in bloom, and everything looks a little lifeless. 

This is the time to touch up your paint, clean the yard, and keep everything free of snow and ice. Consider adding some winter-friendly shrubs or plants that can survive the colder temperatures to add some life to your curb. You need everything to look its best. Beyond curb appeal, make sure your interior is a welcome escape from the chilly air. 

 

4. Price Competitively

While the traditional rule of thumb is to price high and lower your listing price gradually, that rule goes out the window during the holiday season. Buyers are spending a lot during this season. They’re focusing on gift giving and finding sales. This isn’t the time for negotiating a high cost down. Consider slashing your price before you put your home on the market for the first time. Be realistic and don’t expect people to jump at your property if you price too high. 

 

5. Use a Real Estate Agent

If you want to sell your home, you should always use a real estate agent. This is even more important during the holiday season. You need someone who is dedicated to selling your home and won’t stop responding during Thanksgiving week. Every minute counts when you sell your home, so ensure your agent is reliable and ready to help you make your home as sellable as possible. 

A quality real estate agent will also be able to help you use the season to your advantage. You have a lot of odds stacked against you during this time of year, but there’s also less competition. That means more room to stand out in your market. 

When in doubt, talk to your agent about ways to make your home more appealing to buyers. Don’t let the time of year stop you from selling your home. Using the tips above, you can create a home that shows off the best of the holiday season to attract the right buyers. 

How To Sell Your House As A Hoarder and What To Do

Hoarding in your home is a sign of a serious psychological disorder. People who suffer from hoarding disorder feel extreme distress at the thought of ridding themselves of these items in their home, even if they’re impacting his or her quality of life. Many homeowners feel it’s impossible to sell your house as a hoarder and that the damage is too severe.

While it may be true there’s a lot of work to be done, it’s not impossible to sell your house as a hoarder. A lot of it comes down to taking the right steps to prepare the house before placing it on the market. Here are tips for what to do before selling your home or that of a loved one who is a hoarder.

 

1. Seek Treatment First

First and foremost, hoarding disorder is a serious mental condition. According to SpareFoot, this disorder affects up to 7% of the American population. That means this isn’t all that uncommon, and it is treatable with assistance from a mental health professional. 

If you’re helping a loved one sell their home, recognize that hoarding is a real disorder. These things they’ve collected carry real emotional attachments, no matter how insignificant they may appear. Compassion is a necessary part of the process, so don’t talk down on their disorder. 

It’s important to be honest without being disrespectful. Most hoarders are aware they have a problem, and they’re just unsure of the first steps to seek treatment. Before the home can be sold, mental health intervention is necessary. Contact qualified mental health professionals in your area for more information on how to reclaim control over hoarding disorder. 

 

2. Hire Cleaning Professionals

Once you or your loved one receives treatment from a professional, it’s time to enlist the help of a cleaning crew. Hoarding homes are often too much for any small group of unqualified people to handle. Before the home can be put on the market, it needs to be cleaned and restored. 

Many cleaning companies have experience cleaning hoarding homes and spaces, and they can help uncover any structural problems that might have been overlooked. Don’t opt for your traditional cleaning crew. Look for one well versed in hoarder’s homes to make sure they understand the importance of slow, compassionate cleaning. 

 

3. Store Necessary Items

Those suffering from hoarding disorder often are unable to part with many of their belongings even with the help of a skilled cleaning crew. They cannot be pushed or threatened into making decisions about them, and this can slow down the cleaning process.

One option is to consider storage until the selling process is over. If you or your loved one is having a difficult time parting with belongings, a mobile storage unit or nearby self-storage might be a good temporary solution. With continued psychological treatment, it will become easier to say goodbye to unnecessary belongings. 

 

4. Prepare for Damage

Hoarding homes have often been in disarray for months or even years. This can result in a lot of structural damage like mold, infestations, or electrical issues. Until all of the items are removed, it won’t be easy to know just how much damage is done. 

Be upfront with both the homeowner and potential buyers about damaged. Let them know the property may need extensive work done to restore it to working condition. A good option is to encourage buyers to visualize how the property will look once renovated, and this can be done with a renovation idea plan. 

 

5. Look for Home Flippers

It might be more effective to search for home buyers who are willing to purchase the property as-is and flip the home. These home flippers are experienced investors who are used to fixing homes to their full potential. 

These home flippers are likely to be more comfortable touring the home with possessions inside which can be less of a hassle. However, consider using an agent to show the home to flippers so the homeowner won’t face any embarrassment about the state of his or her property. 

 

Landing the Sale

If you or your loved one is a hoarder, don’t feel like you have no options when it comes to selling your home. It’s possible to sell your home in a timely manner as long as you’re willing and able to seek treatment and make compromises. 

As you can see above, there is an extensive process that needs to be done before you put your home on the market, so don’t delay. Work with your real estate agent to create a plan for cleaning your house, identifying damage, and finding the right buyer. 

How To Sell Your House with Fire Damage

Fires can be a dangerous thing, especially when it causes damage inside of a home. It can not only be a horrific thing to experience, but it can cause thousands of dollars in damage. As you may have guessed already, this can make it very difficult to sell the home. Fortunately, in most cases home insurance can cover most of that costs from the damage but even then, the homeowner(s) will still be left with damage that will need repairs. In most cases because of the cost, the homeowner(s) may think about selling the house with fire damage. For those who are thinking about selling their house with fire damage, here are 5 tips on how to sell your home with fire damage:

 

1. AskYour Agent About A Restoration Company assuming that you have already contacted your insurance company because of the fire which is initially the first step, you may want to ask your agent for some recommendations for a restoration company. During this time, you will also want to start cleaning up any soot or water damage from trying to put out the fire. If you do not clean up the water damage right away, you see mold start to form.

 

2. Separate Damaged Items for Insurance PurposesThe insurance company will most likely want you to take a detailed inventory list (photos and descriptions) of all of the items that were damaged in the fire. Once you’ve separated the items, it will be easier to document a detailed list. Some of the things that the list should include are; the make, model, serial number, date you purchased the item, how much you paid, and a short description of the item.

 

3. SeparateNon-Damaged Items as WellAfter fire damage inside of a home, your items will more than likely be exposed to most of the damage. But the items that were not affected by the fire should not be exposed to the items that are damaged. Make sure to move them to a safe area, like a garage or a storage unit to make sure they are not stolen or damaged.

 

4. Work with the Insurance Company During the Process

Fire damage claims are usually a top priority for an insurance company, so an adjuster will be quick to inspect the property within a few days. In order to make sure your claim is processed as soon as possible, make sure to be prepared to provide documents in a timely manner.

 

5. Find Somewhere Else To Stay If Your Home Is Not Livable

Finally, If your home is not in a livable condition due to the fire damage, you will need to make arrangements to stay somewhere else until then. Most insurance companies and policies will cover food, clothing, and housing that your family might need, but this still depends on the policy you have with your insurance company.

 

Selling Your House with Fire Damage

When listing the home with a realtor, you will most likely end up receive a cash offer from a cash home buying company. Most people who buy houses with fire damage are investors. They will purchase the house with the intent of fixing it up and selling it at a later date. So, keep this in mind when trying to sell your home with the fire damage when dealing with a realtor. Investors will typically pay a little less than the average buyer, and that’s because they are taking into account all of the risk.

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