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John Gamboa

7 Documents You Need When Selling Your House in Fairfield

Do you need to sell your house in Fairfield? Prepare from the start by organizing all of your documents so that everything goes smoothly from the beginning.

When you sell your house in Fairfield, paperwork is given during legal transactions. Putting your home on the market requires you to have the following 7 documents in hand, which are normally required in the process.

Contract

Make sure both parties sign the contract to ensure its legality and the ability to resolve disputes after closing. The information on this document for your Fairfield house needs to include the closing date, price, and occupancy date. In addition, add any termination conditions and inspection dates. You should be aware that cross-state commercial transactions are governed by a uniform Commercial Code.

Disclose! Disclose! Disclose!

In the disclosure, such defects and malfunctions will be described. If you fail to do so, you may face legal issues and expenses when selling your house in Fairfield.

Title

You must provide a copy of your deed to the buyer as proof of legal ownership. The deed for your house in Fairfield must be transferred after the sale to the name of the new owner.

Occupancy Rider

In cases where timing does not work out, you’ll want to have an occupancy rider in place. This document should specify responsibility for any rent, utilities, or additional costs, as insurance policies rarely cover this period. The post-occupancy agreement is needed if you wish to stay after closing. In contrast, if the buyer needs to be in place prior to the closing of your Fairfield house sale, you will need a pre-occupancy agreement.

Third-Party Financing Clause

Getting a mortgage on your house could be a source of financing for your buyer when you need to sell in Fairfield. If you do so, attach your third-party financing clause or financing addendum. The remainder of the financing may be denied if the buyer submits a traditional mortgage application.

Promise

Obtaining a promissory note from the buyer is a contract that outlines the rights and duties of the parties, which must be signed and dated. This is critical for non-conventional buyers since the seller can act as the financial institution, with the property as the security for the loan. The document should outline the amount of money that will be paid to the holder or payee, the date that it will be paid, or the installments that will be paid.

Settlement Statement

A closing statement or settlement statement must contain very specific details of a transaction as required by HUD Law. The buyer has the right to review this statement at least one day prior to the closing in order that consumers know exactly what they’re being charged in fees at the closing, as well as finance interest during the loan term. By adhering to these laws strictly, you will be able to avoid future legal problems. When the solicitor asks for proof of identity at the closing, be prepared. Before being provided to the buyer, the documents should be carefully examined. When the broker finds errors or information missing in the documents, they should offer their input.

This article about the 7 documents you need for selling your house applies to all cities around Fairfield including, Vacaville, Davis, Dixon, Vallejo, Benicia, Suisun City, Napa, and American Canyon.

Ready to close on the deal? Gather the 6 documents you need when selling your house in Fairfield and give Integrity Home Solutions. a call at 707-733-6693 at any time!

houses like this making it a win-win-win. A win for you because you sell for the most money. A win for us, because it’s a house he gets to buy. And a winner for the new resident.

How? We specialize in buying houses and can buy them in several ways. Cash is usually not one of them because he can’t pay you the highest price for your house. If you are open to other creative way of selling where you get the most CASH out of the sale with little hassle, then you owe it to yourself to contact us using the contact form

John Gamboa

6 Reasons To Avoid The MLS When Selling Your Vallejo House

If you own real estate, you have probably heard of the MLS. It is a members-only website that is joined by real estate agents in the area. They have a local level, a state level, and a national level. Joining this association designates the agent as a Realtor. They must pay to access this service.

Picking the Wrong Agent

Reason #6 to avoid the MLS when selling your Vallejo house is picking the wrong agent. There are so many agents to choose from, how are you supposed to know who to choose? Do you pick the person with the most ads? Or do you go with the guy your friend recommended, he just sold a house last week? 

Time On the Market

Reason #5 to avoid the MLS when selling your Vallejo house is the time on the market. The MLS, or multiple listing service, keeps track of how many days it’s been since you first listed it on the market. If your house ends up being on the market for more than 60 days, this is not a good sign to buyers. It may indicate that your house is not as desirable as other properties, or that there might be something wrong with it. There may not be anything wrong with your property, but this might stick in the back of the mind of potential buyers. Maybe you haven’t had a full price offer and are holding out. Whatever the reason, the time on market counter may work against you.

Highly Qualified Buyers

Reason #4 to avoid the MLS when selling your Vallejo house is highly qualified buyers. Sure, the MLS may bring you buyers, but a large portion of them will have to depend on financing from a bank, and some of them may not have even been pre-qualified yet. Your house for sale can be considered a pocket listing that will reach the desks of many highly qualified buyers, most of whom can purchase 100% in cash.

Commission Fees

Reason #3 to avoid the MLS when selling your Vallejo house is commission fees. When you list your house on the market, there are commission fees that are expected from the selling agent and the buying agent. This is usually 3% of the final sale price, which can add up to a large amount of money! If you are using an agent without using the MLS, you might be able to set a flat fee for less than traditional commission fees.

Invasion of Privacy

Reason #2 to avoid the MLS when selling your Vallejo house is an invasion of privacy. If your house is listed on the MLS, you will be expected to make your house available for showings. This means living in a constant state of clean and organized 24/7 until you move out. You may also be asked to leave your home on extremely short notice for a showing if possible, sometimes immediately, although you usually can schedule showings for 24 hours in advance. Some sellers find it’s easier if they move out of the home when they put their house on the market because of the hassle of showings, but would you want to be responsible for 2 house payments before you can guarantee the sale of your house?

Signs In The Yard

Reason #1 to avoid the MLS when selling your Vallejo house is a sign in your yard. The yard sign is a standard part of a real estate agent advertising your house, but this also may mean that you may have people knocking on your door unexpectedly because they saw the sign in your yard. This is a huge inconvenience, especially because people may have stopped without an agent present, and who knows if they are qualified buyers? 

Call John and Trish Gamboa at Integrity Home Solutions at 707-733-6693 or send them a message to discuss these and other reasons to avoid the MLS when selling your Vallejo house!

John Gamboa

Exploring All of Your Options When Selling Your House in Vacaville

Many people feel selling their home is one of the most stressful experiences they’ve had. If you’re experiencing financial or other distress and need to sell quickly, further strain is added to the situation. One way to make the experience less stressful is to understand the various options you have when selling your house. We’ll help you by exploring your options when selling your house in Vacaville.

Exploring All of Your Options When Selling Your House in Vacaville

Real Estate Agent

Let’s explore selling your house in Vacaville in the traditional manner, which is listing the property with a real estate agent. Agents are paid a commission based on a percentage of the sale price of your home. The current market condition will be a major factor in determining the asking price.

You may need to invest in updates, repairs and decluttering in preparation for showings while playing a waiting game until an interested buyer comes along with an offer. These buyers often require inspections of the house and may also demand that additional repairs are done before closing. Sadly, you could end up with a buyer that doesn’t qualify for a mortgage, after taking all of the steps to meet the qualifications from banks and waiting for the mortgage underwriting process and property inspection.

Cash Offers

Professional buyers usually offer cash, which means you can expect a quick closing on your house. They are experienced investors who buy your property as-is, which will save you the time and money of doing repairs. This also alleviates you of the legal responsibilities associated with disclosure.

Professional buyers are taking higher risks, offer faster cash sales, and usually pay the closing costs. For these reasons, their offers are usually lower than properties sold as FSBO or listed on the MLS. Unfortunately, there are less than honest buyers who may try to take advantage of the time or financial constraints you reveal to them, so research carefully just who you’re working with. At Integrity Home Solutions, John Gamboa and his wife Trish are dedicated to making offers to homeowners that are fair and well thought out.

For Sale By Owner

Selling a  house in Vacaville on your own may sound intriguing since you’ll be controlling everything. Real estate agents charge commissions for their services, which cuts into your profits. Should you be experienced regarding legal issues where real estate advertisements and transactions are involved, you can save a great deal of money on the deal. However, it can be extremely costly and legally devastating to make an error in either advertising or how you handle all of the aspects of your sale with the buyer.

Short Sale

Depending on the circumstances you find yourself in, you may be able to negotiate a short sale with your lender. You will want to note that this is a very slow-moving process which means that the lender has agreed to allow a sale for less than the remaining debt on the loan.

We’re happy to further explore all of the options for getting started now on selling your house in Vacaville. Just call John Gamboa and his team at Integrity Home Solutions today at 707-733-6693 or send us a message to learn more!