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Category: selling-investment-property

  • How To Save Money When Selling Your Investment Property in Cincinnati & Dayton

    Selling your investment property doesn’t have to be expensive or time-consuming. Learn more about your selling options in our latest post!

    Listing a Cincinnati & Dayton house isn’t always the best way to sell it. From repairs to agent commissions to the cost of waiting, selling with an agent can get expensive quickly. Below, we will outline some of your selling options so you can get the best price possible in the least amount of time.

    Sell Your House On Your Own

    By selling on your own, you will avoid the agent’s commission. However, you will still need to pay for marketing and closing costs on your own. You will likely find you are spending several hours per week screening calls, answering calls and scheduling property showings when selling your investment property. You will need to pay for repairs, listings and the continued maintenance of the house for as long as you own it. According to statistics, selling on your own will take more time than if you chose to list with an agent, meaning your monthly costs of ownership will add up fast. Selling the house will save you the agent’s commission, but that’s about it. Everything else from the marketing to the contracts to the negotiations is on you.

    Sell To A Professional

    There are many benefits to working with a professional home buyer such as Ohio Cash Buyers LLC. You will be able to sell quickly, allowing you to move on and end your responsibility for the home. You will not need to continue paying for the maintenance of the property. You can say goodbye to the taxes, utility bills, homeowners insurance, and other costs of ownership. You will not need to spend a dime on repair costs or having the house professionally cleaned. The convenience factor will allow you to sell quickly, being able to use the proceeds from the sale on another investment. Many investors choose to sell their properties to other investors as they both know exactly what the property’s value is. There is no-nonsense, just a straightforward and mutually beneficial sale.

    If You Do List…

    Don’t Bother Upgrading

    If you decide to list it, you can save money by only fixing up what is absolutely necessary. If the house needs upgrades or looks outdated, leave it up to the new owners. You can offer a credit for the upgrade or other incentives to encourage people to give your property a chance. In fact, many buyers will appreciate having the opportunity to fix things up according to their taste. Imagine, if you spent a ton of money on a kitchen, and finding out that something you picked out is actually what drove a buyer away. Everyone has different tastes, and allowing the prospective buyers to incorporate theirs can actually help you with a sale.

    Price It Right

    If you decide to list your Cincinnati & Dayton property, make sure it is priced right. Many people will overprice their homes because they do not know the actual value. Agents will even hype up the price in order to get you to sell. If it isn’t priced right, it will sit on the market, gradually losing its appeal to potential buyers. Many buyers will think that if a house sits on the market for too long, there is likely a reason why. Learn the real value of your home before trying to sell it. This way you can gauge your expectations, and avoid being disappointed if you receive offers you perceive to be low. Our team can help you determine the real value of the property and make you an offer for it right away.

    Interested in selling your investment property in Cincinnati & Dayton? We can help! Contact our team today!

  • 5 Things You Don’t Know About Professional Home Buyers In Cincinnati & Dayton

    There are a lot of things to consider when placing your home for sale. How long will my home be on the market waiting for a qualified buyer? What shape is my home in, and how much will needed repairs cost? Will the buyer find something wrong with the house after closing and potentially sue? Can I afford the commission if I deal with a Realtor? Call us at

    to find out additional questions to ask yourself before deciding to sell.

    As-Is Purchases

    Professional home buyers in Ohio will usually purchase homes as-is. As a seller, this means you do not have to worry about repairs before closing or any other additional expenses you were not planning on. Even when there are inspections, the cash buyer often does not ask you to do anything to the home before proceeding with their purchase, which makes it a truly as-is transaction.

    Easy Closings

    Professional home buyers in Cincinnati & Dayton, Ohio typically close faster than traditional home buyers, and will, more often than not, pay entirely in cash. Traditional home purchases usually require qualifications from banks, mortgage underwriting time, property inspection and appraisal time, and the buyer may not end up qualifying in the end. With cash buyers, there are normally no commissions paid to a buyer’s or seller’s agent, which translates to thousands of dollars in savings for you. For example, the usual commission rate in 2023 is 3% per side, so if you sell your home for $200,000, you would have to pay $12,000 in commissions alone! Professional home buyers also charge much lower transaction fees – they are extremely low in comparison to the commission or closing costs you would have to pay otherwise. They often will coordinate mail-away closings, which is a wonderful thing for out of state owners.

    Extended Occupancy

    Professional home buyers are in it for the investment. They are not expecting to move into the home on the day of closing. Most home buyers will allow a move-out timeframe after closing to allow you to relocate at your own pace. This is extremely helpful, especially with such quick closing timeframes. Cash buyers are much more flexible in a lot of ways, so it’s a great idea to speak to them, even if you ultimately choose to pursue a listing of your home. Also, you may not even have to clean the home when you leave. You can simply pack your personal items and furniture you want to keep and leave the rest.

    Stress-Free Selling

    When you decide to use a professional home buyer in Cincinnati & Dayton, Ohio, you will not have to worry about going through a roller coaster of emotions. There are no frustrating, middle-of-dinner phone calls asking if you are available to show your home. You don’t have to worry about leaving your home spotless every day before heading to work, just in case there is a showing while you’re gone. You don’t have to worry about possibly running into a buyer’s agent or their clients or dealing with them asking you questions that you really shouldn’t answer anyway. You also don’t have to worry about buyers arguing with you over which furniture you are taking and what you are leaving.

    Less Risk

    Selling to a professional home buyer is extremely straightforward. They will lay out every step of the process and usually have shortened, very clear contracts that are simple as-is purchase agreements. You will also have lessened exposure to legal risks. You won’t have to worry about the buyer finding something you didn’t disclose about the home because you didn’t even know about it, or something they don’t like about the home or the neighborhood. Under most traditional real estate contracts, there is a potential for the buyer to sue you if they feel they didn’t get all of the information, or if they feel the facts were misconstrued. Professional home buyers already know the state of the property, and they are willing to take on that risk.

    Please give us a call today at or send us a message to inquire about selling your home to the best professional home buyers in Cincinnati & Dayton!

  • Sell Inherited Property: The Tired Landlord

    The house was a rental. She had inherited the property from her mother-in-law. The renters that were living in it were not paying their rent. She didn’t know exactly how to handle the situation – she’d never had to evict anyone before, and she didn’t want to have to sink the time and money necessary to go through the whole eviction process to remove her bad tenants.

    The house needed work, too. Her late husband had started trying to do the repairs himself, but there was still a lot left to fix, and the tenants hadn’t done anything to make the condition of the home any better. In fact, they had just made it even worse. What was she going to do? How do you sell a house with bad tenants in it that needs repairs? How do you sell a house without paying commissions? Can you sell a house like that fast and walk away better for it? She felt stuck!

    Selling an inherited house wasn’t something she did every day. Her options at this point seemed to be:

    • Evicting the tenants through an attorney, then spending thousands of dollars on repairs, then listing it with a Realtor, then hoping it sells. Wow. That’s at least several months of stress, hassles, and worries, not to mention the actual financial commitment! How long would it take to evict (five weeks or more, read more about Ohio evictions) ? How much would that cost? After that, how long would the repairs take to complete? How much would that cost? What if the contractors did bad work or took forever to finish? Then she’d have to list it with an Agent, and how much would that cost? How long would it take to find a buyer? What if the buyer required her to do even more work to the home? What if their lender fell through and she had to start the actual selling process ALL OVER again?? This was NOT what she wanted to do.
    • Ignore the problem until the city condemned the house or the tenants managed to destroy it entirely. Geez, that would be horrible. She still had to pay taxes on it. She was running deeper and deeper into the red with each passing month.
    • Find a homebuyer willing to buy houses as is. If she could skip the eviction process and the repairs, and find someone who would buy an inherited property without repairs, then she could get out from under this house!

    “We buy houses for cash, any condition, any situation! Get a fair cash offer for your home, no obligations.”

    She read the words several times before she decided that it was worth her time to talk to us and see exactly who we were and what we were all about. She was skeptical at first, of course. It sounded too good to be true. Were there really “professional” homebuyers around that bought houses like hers for cash for a fair price? Since there were no obligations, she had nothing to lose by chatting with us.

    Tony answered her call. She explained her whole situation after he reassured her that we were real and truly local. He was no stranger to this type of situation, and he knew exactly how to help! Yes, we could buy the house as is, in its current condition, and we wouldn’t ask her to do any repairs. Yes, we could buy an inherited home with bad tenants in it and she wouldn’t have to worry about them. Yes, we could close in one week or in ten weeks. Yes, we would be paying cash for the house. Yes, we would be walking her through every step until closing!

    I needed to get out. Get from underneath it – it was a big weight on my shoulders. And you made it so easy, the next day I felt like… the weight of the WORLD had been taken off. SO easy, thank you!”

    We buy houses like this every single day in the Cincinnati and Dayton regions. It doesn’t have to be complicated. It doesn’t have to be stressful. Now she feels a HUGE sense of RELIEF. We are very happy that we were able to help, and we look forward to speaking to YOU if you ever find yourself in a situation similar to hers, or the many others we’ve worked with over the years!

  • How To Make An Offer On A House Without An Agent In 2022

    How To Make An Offer On A House Without An Agent In 2022

    Featured Image by Pixabay

    Buying a home is the most important financial investment that you will ever make. There are dozens of details to take care of before you close on a property, the most important one may be making the initial offer to buy. Most people with minimal market knowledge choose to work with a professional realtor for guidance when buying a home. However, that doesn’t mean that it’s not possible to make an offer on any property you choose without an agent.

    The key is having a clear idea of what type of home you are looking for and the area in which you would like to live. Doing your research about the surrounding market will provide you with invaluable tools to help you make a wise decision about the home that you want.

    You don’t need to be a licensed realtor to make an offer on a property. Anyone can make a legal offer on a home for sale as long as certain guidelines are followed. Let’s take a look at a few tips on how to make an offer on a house without an agent in 2022.

    Do Your Research

    It is not recommended that you act spontaneously when dealing with real estate. Buying a home is a huge financial responsibility, and everything to do with the process should be considered carefully. One of the best ways to enable yourself to make a wise decision is to do your research. 

    You will need to find out as much detail about the home in which you are interested as you can. Knowing the size, age, and condition of a home is imperative and you can get this information from the listing agent. From there, you need to broaden your research beyond the home itself and take a look at the neighborhood and larger community. 

    Put It in Writing

    Verbal offers on a home are not legal or binding in most circumstances. If you want to make a serious offer on a home, you will need to put it in writing. You can have your lawyer draw up an offer proposal, find a template online, or just wing it on your own. Your offer should include this information:

    • Property address
    • Amount of deposit presented
    • Applicable contingencies and conditions on your offer
    • Closing date
    • Amount of offer
    • Offer timeline and deadline

    Wait for a Response

    Most offers on real estate will include a deadline for the sellers to respond. You should hear something back within that time frame. It can be stressful to wait for a response to your offer, but it’s important to not interfere with the process. The sellers have a lot to consider and have the right to take the full amount of allotted time to make their decision. 

    If your offer is approved, it’s time to celebrate. However, there will be more work for you to do before your closing and moving date. If you are serious about buying a property, your first move will be to follow these steps to make an offer on a home without an agent.

  • Can You Sell A House With A Mortgage Still Owing?

    Can You Sell A House With A Mortgage Still Owing?

    Featured Image by Unsplash

    Mortgage loans have enabled many to have their own houses. However, paying them off is a hassle. This is especially true if you have to move, but the burden of that loan looms on you. However, you can sell a house with a mortgage still owing.

    In this article, we’ll take you through the nuances of mortgages and house sales so that nothing deters you from leaving that old house and starting a new life.

    Selling a House With a Mortgage

    The sales process involved proceeds in the typical manner. In this case, your goal is to sell a house at a higher price than your leftover mortgage limit.  

    As you get the payment for selling your house, you’ll have to pay the remainder of your mortgage balance first. Then, you’ll move on to pay the remaining closing costs associated with a home sale. This includes a realtor’s commission and taxes. The money left over is yours to take.

    Many times, if you’re unable to sell your house at a cost that’s letting you cover your mortgage, you’ll have to cover the balance using other funds. In the case of such sales – referred to as short sales – you will not have the final say over which offer to accept. Instead, you’ll need approval from your lender. This can be time-consuming unless you have sufficient external funds to make up for the difference in the loan amount. If you’ve been building up equity and paying portions of the loan on time, you may be able to persuade the lender to accept a loss. 

    How Home Cash Buyers Can Help With Mortgages

    In a typical selling process, you have to renovate your house, pay for all repairs and pay the commission fees to realtors. This will be burdensome if you have a mortgage to take care of: it can land you in more debt, especially if you arrange for another loan to pay off the mortgage in case of a short sale. Dealing with cash-buying companies is a much better way in this regard, especially if you want to sell the house fast.

    Companies like Ohio Cash Buyers let you sell your home no matter the state it’s in. Since you do not have to pay commission or repairs, you can save up and focus on paying that loan off. We won’t claim it’s the only solution – you may renovate the place and wait until you get a high enough offer. However, getting a cash deal is fast and leaves you with more flexible options and timelines.

    Endnote

    Not having paid the remainder of your mortgage loan should not be a factor stopping you from shifting to another place. To make sure that you do not end up in a short sale, renovate the area and wait for the best seasons to sell a house: spring and summer. However, if you want to get done with everything without investing more money into that property, working with a good cash home buying company is among your best options. Give them a call and see what they offer you.

  • What to do With Your Costly Cincinnati & Dayton Fixer-Upper Property

    What to do With Your Costly Cincinnati & Dayton Fixer-Upper Property

    Unfortunately for owners of fixer-uppers, when competing in the real estate market, most buyers search online for properties they can move into immediately. As a result, the likelihood is high that they will scroll right by a listing that doesn’t present well. As a result, sellers understand they are up against a severe challenge when the inspector arrives and often spend restless nights awaiting the report. 

    In addition, the inspection results may cause the buyers to back out or request you allow credit for the repairs, often with exorbitantly high estimates, further depleting your sales profits. Finally, when you’ve got a property that needs repairs or total rehabilitation, the situation will likely only progress into further distress as repairs on the property are delayed, increasing costs tremendously. 

    There comes a time you must finally put an end to the suffering. The exit strategy you use can make a massive difference in the outcome and the amount of cash you walk away with after the closing. So read on as we explore what to do with your costly Cincinnati & Dayton fixer-upper property. 

    FSBO

    FSBO or for sale by the owner is another option if you have a Cincinnati & Dayton fixer-upper property that has become too costly to hold. Unless you want to face possible contingencies and deal with assisting the buyer in qualifying for a loan, usually taking a hit for the necessary repairs, you’ll need to sell as-is for cash. This option is often attractive because there is little room left for a profit with this type of listing, and listing as an FSBO doesn’t involve paying thousands in real estate commissions, leaving more profits for yourself. However, while it sounds good in theory, regrettably, it rarely works to your advantage to sell on your own. You’ve taken a loss from the start, FSBO homes tend to sell for 26 percent less than those listed with an agent, and the percentage of FSBO home sales has slowly declined and now only accounts for 7 percent of market sales. One of the biggest mistakes you can make with your FSBO is to set your asking price too high or too low; either can cause your listing to linger. Before jumping into the market on your own, why not contact a local professional investor, like an expert from Ohio Cash Buyers LLC, who will detail the amount your home could sell for on the traditional market vs. the offer we make for your home?

    Make Repairs

    Of course, while time-consuming and costly, the most profitable way to sell a Cincinnati & Dayton fixer-upper property is by completing the work and presenting the home in a renewed state. If this isn’t an option, you could instead do minimum updates and repair the most obvious damage. While television shows have made this undertaking appear as if it’s easy, you should hire professionals to ensure you aren’t causing further damage. However, before you begin, you should thoroughly understand the ARV, or after-repair value, to ensure the project is worth investing your time, energy, and finances. By reaching out to a direct buyer like those at Ohio Cash Buyers LLC who believe in total transparency, you’ll understand each figure used and precisely how your direct buyer reached the offer. Then, you can make an educated decision about what works best for your circumstances.

    Traditional Listing

    A money pit may be all buyers see as they scroll through listings and see your Cincinnati & Dayton fixer-upper property. You can expect lowball offers, as the buyer will sign off on taking on all of the risks of unseen damage or structural issues as they dig deeper into the project. Because you’ll be required to complete a disclosure form, despite the as-is status of your listing, it’s best to be upfront about the issues you’re aware of while pointing out all of the positives about the property. It’s best to provide full disclosure and face the problems head-on, avoiding unnecessary costly legal conflicts down the road. On the other hand, should you decide to sell directly to a local buyer like those at Ohio Cash Buyers LLC and relieve you of the burden, we’ll take on all the risks of the repairs. And unlike a traditional listing, you won’t pay commissions or closing costs. And you’ll have a guaranteed closing date to plan your move, often in weeks. Now, relax; if that’s moving a bit too fast, Ohio Cash Buyers LLC is flexible on the closing date.

    Ohio Cash Buyers LLC

    The easiest solution is selling it in as-is condition to Ohio Cash Buyers LLC for relief from the costs of your Cincinnati & Dayton fixer-upper property, and an offer you’ll agree is fair. At Ohio Cash Buyers LLC, we do this because we are your neighbors here in Cincinnati & Dayton, and we take great pride in our work; we want you to feel good about working with Ohio Cash Buyers LLC long after leaving the closing table. Call Ohio Cash Buyers LLC at

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