January 5, 2024January 5, 2024 John Gamboa

Need to Sell Your House Fast in Vacaville or Fairfield? We Got You Covered

Selling a house can be a daunting task, especially when you need to do it quickly. In Vacaville or Fairfield and other Solano County areas, homeowners may find themselves in situations where they need to sell their houses fast. This post will cover everything you need to know about selling your house quickly in the greater Vacaville or Fairfield and other Solano County areas. We will briefly discuss some of the reasons why homeowners need to sell their houses quickly, the benefits of doing so, and the process of how to go about it.

Situations causing homeowners in Vacaville or Fairfield to seek a quick sale.

In the greater Vacaville or Fairfield homeowners may find themselves needing to quickly sell their houses for a variety of reasons. Perhaps they have received a job offer in another state or country and need to relocate as soon as possible. Or maybe they are going through a divorce and need to sell the house quickly to divide the assets. Sometimes a house is acquired through inheritance and needs to be sold off. Other reasons to sell might be a simple as the home is distressed and needs repairs the owner simply can’t afford. Perhaps your house recently had a fire or you have a rental property that’s been trashed by bad tenants. Whatever the reason may be, selling a house quickly can be stressful and overwhelming.

Cash Home Buyers in Vacaville or Fairfield are the solution

What’s the solution then? Finding and working with a reputable home-buying company. These companies specialize in buying houses quickly and can provide homeowners with cash offers within days. They take care of all the paperwork and can close the deal in as little as a few weeks. These types of companies are usually investors that are going to buy your house, fix it up, and once fixed up and the property is at it’s “highest and best,” the investor will then sell the property for a profit.

Benefits of Selling Your House Quickly

Selling your house quickly comes with many benefits. One of the biggest advantages is avoiding foreclosure. If you are behind on your mortgage payments, selling your house quickly can help you avoid foreclosure and the negative impact it can have on your credit score.Another benefit of selling your house quickly is saving money on repairs and renovations. When you sell your house through a traditional real estate agent, you may need to make repairs and renovations to make it more attractive to buyers. This can be expensive and time-consuming. When you sell your house to a home-buying company, they will buy it as-is, which means you don’t have to spend any money on repairs or renovations.Finally, selling your house quickly can provide you with cash quickly. If you need money urgently, selling your house can be a great way to get the cash you need. The fastest way to close on a house is to do business with a cash home-buying

investor.

Steps To Your House Quickly in Vacaville or Fairfield

Navigating the home selling process can be overwhelming and time-consuming. But with the assistance of a home buying company, the process is much simpler. Here’s an overview of how it works:

Contact the home buying company: The first step is to contact a reputable home buying company .
Schedule a visit: The cash home-buying company will schedule a visit to your house to assess its condition and make an offer.
Receive an offer: Upon seeing your house in person, a reputable cash investor will be able to provide you with a cash offer for your home within a few hours.
Close the deal: If you accept the offer, the company will take care of all the paperwork and close the deal in as little as a few weeks. The closing can occur once title comes back free and clear.

Tips for Selling Your House Quickly to a cash investor

If you want to sell your house quickly in Wilkes Barre, there are some suggestions that can help:

Pricing your house competitively is key to attracting more buyers and selling it quickly. The general rule of thumb to understand if you’re looking for a quick cash sale is not to set the price too high. The best bargaining position usually comes when the buyer makes the first offer. A cash investor will probably ask how much you want for the property and you’re free to answer, but realize you might be losing money by speaking first. Request that the cash investor provide an offer. The outcome can only go one of three ways.

Unclutter your space to make it simpler. A clean house can make a big difference in attracting buyers. Most individuals want to see a clean orderly house. If the place is a disgusting mess, the odds are you won’t find a buyer or will get a really low-ball offer. Another benefit to doing business with a real estate investor is that they typically won’t be scared of typical clutter and mess. It’s kind of like they don’t even notice it. Less work you have to do the better.

Work with a reputable home-buying company: Working with a reputable home buying company can simplify the process and ensure that you get a fair offer for your house. The key is picking a company with a solid reputation. For example, John Gamboa and his wife Trish at Integrity Home Solutions have nearly three decades of experience. We hold your hand through every step of the process and like to get creative in our offers and pride ourselves on our fairness and flexibility.

Find cash home-buyers near you in Vacaville or Fairfield

Selling your house quickly can be stressful, but it doesn’t have to be. By working with a reputable home buying company, you can sell your house quickly and avoid the stress and complications of the traditional home selling process. If you need to sell your house quickly, don’t hesitate to take action and give us a call today. We offer free consultations and never charge to come out to your house.

January 4, 2024 John Gamboa

Is NOW the Best Time to Sell a House in Fairfield California?

Historically, no. But California’s squeezed inventory and raging affordability crisis make it a peculiar market. 21,154 homes sold in September 2023. The median sale price was $789,000, up 4.8% compared to 2022. So, if you list your California house for sale now, you earn $37,872 more!

In fact, home prices have been rising in several metros across the Golden State since late summer. Prices rose 33.1% in Newport Beach. La Quinta and Tulare saw a 25% rise. The rising trend can get you more money which makes now the best time to sell your house in California.

Which is the Best Month to Sell a House in California?

The best month to sell your house depends on your goals as a home seller. There is a best month to sell and earn higher net proceeds. While there is a best month to sell your home fast.

Best Month to Sell Your House by Price

As per our research, April is the best month to sell your house in California. The median sale price of houses in April 2022, was $839,000 which is $50,000 above the median selling price.

Moreover, the sale-to-list price ratio was above 106% for nearly 71% of homes in California.

Homes listed in California between March and May spend the lowest days on the market. However, home prices in metro cities like Hanford, Santa Barbara, and Danville, etc. are found to increase throughout the year.

Best Month to Sell Your House by Speed

May is the best month to get a higher price for your property. Homes sit unsold for fewer days on the market between March and June.

California homes sold in May 2022, spend an average time of 19 days on the market, which is 10 days faster than the annual average.

Properties spending fewer days on the market is considered an indicator of a seller’s market. Of all, this is just a small portion of the overall picture. When should you sell also depends on the situation and location of your property.

Best Day of the Week to List a House For Sale in California

Thursday is the best day to list houses on sale in California. 21% of homes across the nation are listed on Thursday. Zillow’s data shows homes listed on Thursday get better exposure compared to homes listed on any other day.

People searching for houses plan their home tours on the weekends. So the pre-weekend listings are fresh in their minds. It makes sense to avoid listing your house at the start of the week. These homes had to stay for longer on the market.

To take advantage of the time game, consider listing your home on Thursday after 5 p.m. This is the time when most buyers and sellers return from work and start looking online.

There’s a good chance that buyers may see your brand-new listing.

Which is the Best Season to Sell a House in California?

Spring is the housing season of the year. As the weather warms more serious buyers start hunting and touring homes.

Moreover, families with school kids look forward to settle in their new homes during summer vacations. This increases the competition which benefits the sellers to sell at higher costs.

But in regions like California, summer still holds an opportunity. The maximum number of houses listed in spring have already been sold by this time. This reduces the competition in summer for home sellers.

Longer days in summer provide more exposure to your condos and townhouses in the Golden State. This enables longer showing time, to fulfill the high curb appeal of buyers.

However, by Fall you can come across more serious buyers looking to relocate due to job transfers. Such buyers are usually eager and have a strict home-buying timeline.

When is the Best Time of the Year to Sell a House in California?

When selling your property timing is everything. California has a dynamic real estate market. It can be challenging to sell your house in the current economic situation.

Late March and up to early July are considered the home-selling months. You can sell faster and earn higher sale proceeds during this time of the year.

Is Now a Good Time to Sell a House in California?

Late spring and up to July are considered the home-selling months. You can sell faster and earn higher sale proceeds during this time of the year. As per 2022 data, the median sale price of houses sold in April 2022, was $839,000.

Tips for Selling in a Seller’s Market

A seller’s market typically has less number of properties available for sale than the number of buyers. In this type of market, sellers can create a bidding war for their homes.

Plan to Move Out Fast: In a seller’s market, homebuyers will be open to make cash offers fast. This means you should be moving out in a few weeks after closing the deal.
Have a Plan If the Appraisal Fails: In mortgage financing, the home appraisal value may come lower than your asking price. So you can lower your price to match the appraisal cost, reject the offer, or ask the buyer to pay the difference.
» California Home Appraisal: Find out how much does home appraisal costs in California.

Tips for Selling in a Buyer’s Market

Buyer’s market is typically when the number of houses for sale is more than homebuyers. This allows homebuyers to demand lower prices of houses or ask for discounts on other costs.

Offer Seller Concessions: You can offer seller concessions in several ways. You can cover a part of the buyer’s closing costs, mortgage closing costs, or accommodate repairs.
Pay for Repair Costs: In a market with fewer buyers, you need to keep your house in good condition to attract a better deal. You should be prepared to pay for the repair costs in case the home inspection fails.

» California Home Inspection: Know what home inspectors look for in an inspection.

When Should You Sell Your California House?

At times selling a house is a personal thing. Here’s when you can consider selling your home:

When You Need a Change in Life

Sometimes some situations demand a change in your life such as:

Job-Relocation: Say, you have received an appealing job offer, but it demands relocation. A situation like this can force you to sell your house in a slow market.Favorable Neighborhood: You may need a safe neighborhood for your family or a house closer to your kids’ school.Divorce: Homes often hold a sentimental value for couples. But after a divorce, you may think of selling it as a practical option.

When Market Conditions Are in Your Favor

Favorable market conditions can get a top-dollar rate. Some factors that affect the real estate market are:

Economy: Economic indicators like manufacturing activity, GDP, employment data, costs of goods, etc. influence the market. When the national economy is slow, so is the real estate market.

Interest Rates: Lower interest rates boost the demand for mortgages. This affects the real estate sector, thus, increasing the price of the homes.

Government Policies: Implementing tax credits, subsidies, and deductions are some of the ways the government can temporarily impact the housing market.

When You Are Financially Prepared

Here are a few factors to know if you are financially ready:

Low Affordability: The average mortgage rate of 7.32% affects the affordability of buyers. Since 2022, the central bank hiked the interest rates 11th time by a quarter point. The interest rates are anticipated to increase even further.

Downgrade Your Expenses: If you are looking to save on your property taxes, homeowners insurance, and HOA fees. You can sell your bigger house and move into a smaller one.

Equity for New House: When your current home has procured enough equity to fulfill a healthy down payment, you can sell your house as is in California.

January 4, 2024 John Gamboa

A Guide To Selling Houses That Need Work In Vacaville

f your house has structural or aesthetic problems, selling traditionally in open markets might be challenging. Most buyers want to purchase a house that is move-in ready and are unwilling to spend additional money and time on prolonged repairs to make it habitable.

Moreover, if the buyer’s agent perceives such issues, they actively undercut the asking price. This is even more prevalent in Northern California, due to a competitive real estate market and the above-national standards of home-buyers.

For these reasons, the easiest way to get the best value when selling a house in poor condition is to work with accredited and experienced as-is house buyers. However, it may be beneficial to consider selling to home buyers in the traditional market. Read this guide to learn more about the process of selling a house that needs work to make the best choice for your situation.

What Kind Of Houses Need Work?

Certain aesthetic repairs are easy, cheap, and quick. Often, owners make the fixes themselves, like replacing broken windows, cleaning, or repainting. Nevertheless, some repairs are beyond do-it-yourself projects and need licensed professionals. Here are some substantial problems that indicate a house is in poor condition.

Roof repair or replacement: A damaged or old roof, including flashing and underlayment, might lead to water and additional structural damage
Electrical wiring: Poor wiring is a safety and a potential fire hazard
Visible structural damage: Events like fire, flooding, and earthquake can lead to holes, cracks, and other visible damage to floors, foundations, and roofs
Foundation damage: When the foundation needs repairs, the house might require a costly piering and jacking process.

How To Evaluate Your Property’s Condition

Often you can tell from a simple visual inspection if the house needs significant repairs. However, some problems are not immediately visible. You can seek the services of two or more experienced professionals and arrange a property tour at different times. Also, check the crawl space, roof, attic, and other structural parts of the house.

You can then use the inspection reports to obtain competing quotes from contractors. Your goal is to get a complete picture to draw a cost-benefit analysis.

Who Will Buy A House That Needs Repairs?

Before exploring your options, make realistic assessments of who will buy the rundown house. Most homeowners don’t want their childhood home turned into a teardown or rental, so they accept less money from buyers they feel they can trust. This is a common mistake since you have no guarantee the buyer will do what you prefer with the house. There are two types of buyers for houses that need work: homeowners or investors. Here’s a look at the two groups.

Homeowners

Homeowners purchase a house based on a long term approach of settling down and raising a family. They consider:

External factors like the school district, security, and access to stores.
Internal factors such as the bathroom, kitchen, and floor plan.

Investors

Investors purchase properties that need some work since they can turn them into rentals or, to a “fix and flip.” They typically aren’t looking for a house to settle down in.

How To Sell Houses That Need Work To Homeowners

Most upgrades and fixes don’t add much value to the price of homes. If you want another homeowner to purchase your house, you need to perform an analysis to determine how to get it ready. Below are the steps for selling to homeowners.

Get Expert Opinion

The first step is to get advice from experts on how to get the house ready.

Real Estate Agents

You can call various agents to ask for:

Comparative Market Analysis or CMA to determine how much the house can sell on the market without fixes and upgrades. The agent considers the latest sales in the neighborhood and compares your home to recent transactions. They also consider other tangibles like the type of kitchen counters and flooring.
List of other comparable upgrades. If it’s not contained in the CMA, you can ask your agent to list comparable amenities in your neighborhood. For instance, if all houses sold the previous year had wood flooring, sport shag carpets might decrease your home value.
The value such upgrades add to your home
Other advice on how to sell your house fast for cash

Home Inspectors

Once you get information from the home inspector and realtor, you’ll have an idea of the kinds of upgrades and repairs you need. Call specialized subcontractors or general contractors for bids on fixes and upgrades to the house.

Do the Math – Finally, look at your repair costs and compare them to the extra value the realtor estimates it will bring. For instance, when it takes $10,000 to replace the roof which only increases your home value by $5,000, it is best to avoid the remodeling project.
Make Necessary Repairs – In most cases, it is worth doing upgrades or repairs. Most home-sellers imagine the need for a few fixes to increase their home value or are embarrassed by the house’s appearance and perform DIY projects. Instead, hiring professionals saves you time, as you don’t want the house to sit another month as you do minor repairs. It is best to stick to expert advice and analysis.
Focus On Homeowners as Buyers – Finally, keep in mind your target buyers. You need to remove as much clutter and furniture as possible so that they can imagine themselves in the house. They need to see kids swinging in the backyard and riding bikes on driveways. Also, you want the clients to envision themselves snuggling up in the family room watching TV or hosting parties. Below are tips to help you achieve that:

Clean the house
Get rid of unnecessary stuff
Mow the yard
Highlight positives
Be honest about the work needed

How To Sell Homes That Need Work To Investors

You can sell your house to an investor like John Gamboa at Integrity Home Solutions when you need a fast and straightforward offer for cash, or if it’s too damaged to be appealing in the market. This is because no matter the condition of your asset, there are investors that will make offers.

Selling The House “As-Is”

Technically, if you list the home “as-is,” it means you sell as-is to a company that buys houses in any condition and doesn’t make any repairs. Below are some tips to determine the best price when selling your home as-is.

Determine After the Repair Value of the House – The first step is valuing the as-is property for an idea of what the home is worth when you do all the needed repairs. You can check online for the quick value of properties.
Estimate What Repairs and Updates Will Cost – Offline and online guides for individual repairs help you approximate the costs.
Determine the Fair Value of Your As-Is Home – If light updates or repairs are needed, you might list the house for sale online. However, when major repairs are needed, you can save money and time by contacting cash home buyers in Los Angeles California. Besides, realtors also turn to them when selling homes that need extensive repairs.
Determine If It Is Worth Repairing the House – To the cost of repairs, add escrow fees, inspections, buyer concessions, appraisal costs, and other expenses related to the sales. In most instances, the added fees account for up to 12% of your home’s sale price.

Conclusion

It can be demanding to sell a home that needs work. In most cases, remodeling doesn’t pay back the original investment. Each type of cash home buyer looks for different things, and it’s best to consider both when getting the rundown house ready for sale.

The good news is that John Gamboa and his wife Trish can provide hassle-free, quick cash offers for your property without costly and prolonged negotiation for repairs. You can close within 10-14 days in Fairfield, Vallejo, Vacaville, Dixon, Benicia, and American Canyon. Contact us today to begin the process.

December 22, 2023 John Gamboa

How Long Should Your Solano County House Be on the Market Before You Reduce The Price?

Finding the best time to lower the price of a home can be difficult for sellers. There is no set time to wait before reducing the price.

But when our homes stay on the market for too long, we start to worry about how attractive they are and if our pricing is wrong.

Waiting too long can scare off potential buyers and affect the perceived value of your home. On the other hand, lowering the price too quickly may cause you to miss out on much-needed funds.

So, let’s explore how long should a house be on the market before you reduce the price in more detail so you’ll eventually be able to determine a time frame that works best for you.

Asking yourself, “when should I lower the price of my house?” can send you in to a tailspin — we hear it so often from our customers, and figuring out the perfect timing for a price drop is a big deal for sellers.

It’s all about determining how long a house stays on the market before thinking about changing the price. In this guide, we will look at different things that affect how buyers behave, what’s happening in the market, and how your property fits into all of that.

Signs a Home Price Reduction Should Be Considered

When you’re selling a home, your primary focus should be on achieving a perfect balance between the price of your home and the speed of the sale.

Once you have estimated the initial price of your property based on what the market value indicates, it is a good idea to regularly re-evaluate the possibility of home price reductions to maintain your competitive edge and ensure that the sale goes through without any problems.

With this in mind, there are various factors that will determine if you should reduce your price and when:

Limited Buyer Interest Over Time

A property that has been on the market for a considerable amount of time but has not been sold still could indicate that the initial asking price may be discouraging prospective buyers from making the purchase.

Keeping a close eye on the number of times a property is viewed, the queries it receives, and any offers that are made can provide key insights into the true interest levels with potential buyers. Based on these, in our experience, sellers can properly evaluate the response of the market.

Market Conditions Shift

We see the real estate market constantly prone to change as a result of shifts in the economy, fluctuations in interest rates, and seasonal trends.

If there is a significant increase in the amount of competition in the market or if there is a market downturn, re-evaluating the asking price of the property becomes a strategic step to maintain competitiveness and effectively adapt to the changing dynamics of the real estate market.

Comparable Properties Sell at Lower Prices

If you want to drop your price, one of the benchmarks is the most recent sale prices of comparable houses that have been sold in the neighborhood. It is a significant indication that the property’s asking price should be re-evaluated if comparable homes are frequently selling at lower prices than the listing price.

By making this change, the property will be set in a more appealing manner, which will then attract more prospective buyers and ensure that it remains a competitive house on the market in terms of pricing.

Running Short of Time

Whether you’re selling a condo, townhouse, or anything in between, we continually see people selling their homes in a rush. Sometimes, our real world situations force us to complete the sale quickly, such as:

Moving for work
Changes in the family situation
Going through a divorce
Needing to sell before buying another place
Financial crises

Reducing the house price earlier in the process can really help in these circumstances, and there’s always the option of selling for cash.

House Not Selling After Price Reduction?

If your house is still lounging on the market even after slashing the price, fret not — there’s still hope to rev up its attractiveness and make it an irresistible catch:

Check what to fix when selling a house. Identify issues or areas that could use a touch-up. Think of enhancing the frontage, decluttering to create more space, or even sprucing up the interiors with a fresh coat of paint. Sometimes, these small fixes can make a difference on the buyer’s perception.
Showcase your property’s unique charm and history. Have an old property that’s seen better days? Highlight its vintage architectural elements, emphasize its backstory, or consider throwing in some repair credits to sweeten the deal and make it all the more irresistible.
Explore beyond conventional buyers and considering real estate investors. These investors often see potential in properties that need some love. Finding real estate investors could be the key to getting as much money for your property as possible.
Sell for cash! Selling your home for cash is a great option if it isn’t budging on the market. And, if you’re local to Southern California area, we’d be more than happy to walk you through our evaluation process during which we’ll off you a fair cash offer. Get in touch with us today or click the button below.

Our Conclusion on House Price Reductions

When your property doesn’t seem to be hitting it off with potential buyers, even after posting it on the market, it’s time to pay attention to your listing.

Keep tabs on how often your property is being checked out, the inquiries you’re receiving, and any offers that are cropping up. These indicators can offer insights into just how much interest your property is genuinely generating.

Also, real estate markets are as dynamic as they come, shaped by economic fluctuations, changes in interest rates, and seasonal trends. If you notice a sudden surge in competition or a sluggish pace, it might be wise to reconsider your asking price. Adapting to these market shifts is key to staying ahead in the real estate market.

Lastly, insights gained from feedback, be it from potential buyers, real estate agents, or detailed market analyses, can be invaluable. If you notice a recurring theme where price appears to be the primary concern, it’s a sign that a price adjustment is needed.

Similarly, if your property is seeing a lot of foot traffic but isn’t translating into offers, it’s time to examine why there’s a mismatch between interest and actual offers. Remember not to overprice your property!

FAQs

What Is the Average Price Reduction on a House?

On average, it could range from 1% to 5%, but this fluctuates significantly depending on multiple factors like location, market conditions, and the property’s initial listing price. Each of these aspects can significantly impact the extent of the price adjustment necessary to attract potential buyers and align with market expectations.

Asking as a Careful Buyer, Why Would a House Price Be Reduced?

Sellers might lower the price to attract more buyers, compete in a challenging market, address issues highlighted by buyer feedback, adjust to shifting market conditions, or indicate urgency to sell due to personal circumstances or property conditions. Moreover, price reductions might address specific concerns like addressing perceived shortcomings or overpricing issues.

When Is Price Reduction Bad?

A price reduction could be considered unfavorable when it’s frequent and arbitrary without solid reasoning. It might convey desperation, giving the impression that something is wrong with the property, and if the reduction significantly undervalues the property or disrupts the overall marketing strategy, it could harm the seller’s position in negotiations.

December 9, 2023 John Gamboa

How Much Is California Realtor Commissions? Costs, Who Pays, and How to Save

💰 How much is California realtor commission? 💰

The average realtor commission in California is 4.92% of a home’s sale price. That’s significantly lower than the national average commission of 5.49%.

Realtor commission is typically the single largest cost you’ll pay when selling your home. California has a median home value of $790,475, according to Zillow. At an average commission rate of 4.92%, a California realtor will make $38,891 on an average sale. That’s a big chunk of change!

But the good news is that you have lots of ways to reduce that cost.

Use a Low-Cost Real Estate Agent

One of the easiest ways to save on realtor costs is to work with a low-commission real estate agent. For example, my wife Trish would be happy to work with you and she’ll provide a full-service experience at a fraction of the usual price — saving you thousands when you sell.

California Realtor Commission: How It Works

In the state of California, realtor estate commission is split between the seller’s agent and the buyer’s agent. Each agent also pays a portion of their commission to their brokers.

Why is the average commission in California so high? Well, listing agents do a lot of unpaid work up front to sell your home — and they typically don’t make a salary or any kind of regular paycheck outside their commissions.

Listing agents market each listing extensively, as more eyeballs on a home — and more offers — is what drives up its sale price. They also spend time and money finding new clients, which is unpaid, speculative work.

Sell FSBO (For Sale By Owner)

Selling your home yourself is difficult and generally not widely recommended. But while you won’t pay any commission to a listing agent, you’ll still be covering the buyer’s agent’s commission.

Selling FSBO is only a good idea if you’re an experienced home seller — or you’re selling to a friend or family member. You really do have to do all the work yourself: market the home, negotiate with buyers, and file the closing paperwork. It’s a big job, and mistakes can have serious consequences if you make mistakes.

How hard is it to sell FSBO? According to the National Association of Realtors, only 7% of home sales in 2021 were FSBO sales, and they sold for a median price of $260,000. Meanwhile, agent-assisted sales sold for a median of $318,000.

Furthermore, 57% of FSBO sellers knew the buyer of their home, suggesting that most FSBO sales are personal transactions, not conventional sales in which the home is listed on the open market and buyers essentially find the price through competition.

Sell Your House To Integrity Home Solutions

We don’t charge a commission and we will handle all the paperwork. You don’t have to fix up any repairs nor will you have to put up any signs and in most cases, you won’t have to clean up the house. We have bought many homes in Solano County from Vacaville to Benicia and all surrounding areas.

Get in touch with us and see if selling to us makes sense.

December 9, 2023December 9, 2023 John Gamboa

How to Sell a House That’s Underwater: What Are Your Options?

Rising interests have caused home prices to dip all over the country. This shouldn’t stop you from being able to sell your house. If you don’t have the means to cover the difference, there is an option to sell your house quickly. Sell it to Integrity Home Solutions.

We can and have bought homes from sellers whose houses were underwater. This is one of the things that make us unique.

Unlike most so-called home buyers who need to get your house below market price for a deal to make sense, we can buy your house as-is and even if it has no or little equity.

Reach out to us to see if we can buy your no-equity house for a fair price and with little hassle.

Do you have a house to sell that has no equity or negative equity?

We’d love to talk with you.

March 20, 2015August 14, 2023 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

June 9, 2014January 5, 2024 John Gamboa

Selling a House ‘As Is’ in Vacaville

Looking to sell a house “as is” in Vacaville? Whether you’ve got a fixer-upper or recently inherited a relative’s home, sometimes the goal is to skip repairs, get a fair offer, and move on.

“Fear of the unknown is the main reason clients want to sell their property ‘as is,’” says top-performing real estate expert John Gamboa of Fairfield, California.

No matter their property’s condition, “if sellers open themselves up to giving credits or making changes to the home,” he says, “they don’t know where it might lead.”

However, selling a house “as is” usually means accepting a lower offer and it doesn’t always prevent buyers from trying to negotiate savings. Let’s take a closer look at how to sell a house “as is” in Vacaville, your options for getting an offer, and what to expect from the process.

What is ‘as is’ condition in real estate?

“As is” is a type of home sale where it’s understood that no improvements will be made to the property. When selling a house, “as is,” the seller is choosing not to entertain requests from buyers to complete repairs or provide a credit for fixes.

An as-is sale may also indicate that the functionality and longevity of certain components of the home, such as a stove on its last legs or an older roof, is not guaranteed.

When selling a house “as is,” the general condition of the property should already be accounted for in the purchase price of the home to the best of the seller’s knowledge.

“Every single home in the state of Vacaville is sold “as is,’” John Gamboa says. In fact, the as-is clause is written into the boilerplate, the residential purchase agreement that all Realtors® use. ”While buyers have a right to ask for repairs or concessions,” he explains, “the seller doesn’t even have to respond.”

Which types of homes are sold ‘as is’?

Homes sold “as is” often need some work or may be cosmetically outdated. It’s not a label you’re likely to put on a listing in pristine, move-in-ready condition.

“As is” sales often attract investors searching for their next flip or buyers seeking a bargain, perhaps on a home in a great location with lots of potential.

Gamboa reports Vacaville homes selling in distressed, as-is condition have been typically loved and well-worn by one family for many decades. These homes are usually built in the 1970s or later and owned by older baby boomers.

“They’ve not necessarily grown out of the home,” says Gamboa, who has 16 years of experience in the market, “but, they don’t have the resources to keep up with it.” The result is years of deferred maintenance.

What problems do you have to disclose in Vacaville?

Selling a house “as is” in Vacaville doesn’t mean sweeping known problems about the house under the rug.

A good time to fill out the California Association of Realtors Real Estate Transfer Disclosure Statement is prior to listing your home or requesting an offer so that you know it’s taken care of.

According to the document, the disclosure of the condition of the property is “in compliance with Section 1102 of the civil code.” The seller also certifies by the close of escrow the property will be in compliance with the State Fire Marshal’s standards for operable smoke detectors and the Health & Safety Codes requiring water heaters to be strapped in place.

The form will walk you through documenting what you know about the features of the home from the TV antenna to the number of remote controls for the garage door and the quick-release mechanisms on bedroom windows.

You’ll also be prompted to fill out information about malfunctioning electrical systems, plumbing systems, or other structural components. The form specifically asks the seller to disclose the presence of the following:

Hazardous materials such as asbestos
Features shared with neighbors such as common driveways
Encroachments/easements
Rooms or construction completed without a permit or non-compliant with building codes
Flooding or drainage problems
Compacted or other fill
Settling issues such as slippage or sliding
Damage from fire, floods, earthquake or landslide
Zoning violations or nonconforming uses
Neighborhood noise problems
Deed restrictions
Homeowner’s association authority over the property
Any lawsuits by or against the seller that may affect the property

Vacaville sellers must also complete an additional disclosure form, the Natural Hazard Disclosure Report/Statement which shows whether the home is in zones predisposed to earthquakes, flooding, fire, or wildland risks.

California’s disclosure rules are complex. So, the California Association of Realtors created a comprehensive sales disclosure chart. No matter what method you choose to sell your home, it’s required to make these disclosures to the best of your ability.

John Gamboa says all sellers must complete the Natural Hazards Disclosure and Transfer Disclosure Statement.

However, California does allow some exceptions from additional buyer requests for disclosure about certain items. Sellers are exempt from responding to some disclosures if they haven’t lived in the home and/or if they are “transfers by a fiduciary in the administration of a decedent’s estate, a guardianship, conservatorship, or trust except where the trustee is a former owner of the property.”

Review your options to sell ‘as is’ in Vacaville

The main options to sell a house ‘as is’ include:

List ‘as is’ with the help of a real estate agent

A great real estate agent will provide assistance throughout the process of listing and selling a home “as is.” An agent gives simple presentation tips to improve marketing, helps to set an appropriate price that reflects the home’s condition, and works to find a buyer willing and eager to buy your home in its current state.

Because he has extensive experience dealing with non-traditional properties, Gamboa works with the owners to maximize the home’s assets — and potential profit — with minimum effort and investment.

“We’re not showing it as a distressed home,” Gamboa says. “We’re marketing a previously loved property that needs a little bit more TLC from the next homeowner.”

After the home is decluttered and emptied, Gamboa usually provides a punch list of suggested small improvements that make the home appear less dated or worn.

For example, he commonly brightens the interior by taking down dramatic, big 1970s-1980s-era valances and window coverings. If the structure seems sound, a coat of paint and new carpet can freshen up dull walls, ceilings, and floors.

Not only do those relatively inexpensive updates attract buyers, but they also improve the property’s chances of being eligible for financing.

Sell directly to a cash buyer

Someone needing to sell their home “as is” can also work directly with a property investor or house buying company rather than list, where it may be difficult to get an offer from a limited buyer pool.

We Buy Houses operations buy “as is” at a discounted rate and generally seek out homes in need of significant repairs. These companies can help sellers cash out quickly and many will cover a seller’s closing costs.

The level of integrity and customer service you experience can vary, even within an established house-buying company that strives to maintain consistent business standards. This is because many We Buy Houses companies are franchises and often use independent investors or local wholesaling outfits. Your experience greatly depends on the character of the person or group making the offer.

If you are considering a cash offer, vet the company thoroughly. Check reviews, read testimonials, and research its presence and performance in the market. And, of course, read the buying agreement carefully before signing.

Many property sellers in Vacaville have been faced with deciding whether or not they will fix up a property before attempting to sell it. The answer to this question will be different for each seller and depend upon a variety of factors.

What Is An As-Is Home Sale

An as-is home sale refers to the physical aspects of a home in most cases. However, there are rare instances when the as-is portion of a property sale agreement will refer to the deed or title of the home being sold. When you sell a home ‘as-is,’ you are declaring there will be no negotiations pertaining to repairs or updates to the property by the owner. It is important to understand that selling a home as-is does not mean there is no responsibility on the part of the seller to disclose facts concerning the home that affect the value and ability of a potential buyer to live in the house.

Examples of facts about a home that must be disclosed are problems with the foundation, issues with the structure of the home, major plumbing problems, the presence of mold, and other environmental threats present in or around the home.

Selling a home as-is in Vacaville provides tangible benefits for both the seller and buyer of a property. It is the best alternative for both parties in many situations if you need to sell your house quickly.

Do Homebuyers Want Fixer-Uppers

There are buyers in the market who feel there are deals to be found when buying homes in need of work. These homebuyers are looking to perform light cosmetic work on the home they purchase. They are not looking to perform major repairs on a home in most cases. There are companies that specialize in purchasing homes with major issues but this does not usually fit the profile of individual buyers.

Should The Owner Make Repairs To The Property

There are times when fixing a home before putting it up for sale will be the most profitable alternative. However, this option will sometimes require a great investment in time and money. You may also need a bit of experience to pull off this option so make sure you are able to meet the challenges before choosing to do so.

You may be able to check out the homes listed for sale in your area to give you a hint of what would need to be done to your home to receive the full retail value of the house. Look at the condition of the homes on the market and determine how long the owner has waited for a buyer. Also, compute the time and cost necessary to improve your home to the point it is comparable to competing homes in the market.

How To Sell A House As Is

While it is not a complicated process to sell a home as-is in Vacaville, it can be a little tricky to determine if it is worth it to repair a home before selling. If you are selling a home that has an outdated kitchen or bathroom and only needs work in this single area, it can be worth the time and effort to update the space yourself. However, a home that needs upgrades across the board may present too large of an undertaking for many homeowners.

Steps To Receive Best Possible Offers For Homes Sold As-Is

There are a number of tips at the disposal of the seller of a home to determine the price they should command when selling a home in as-is condition.

Determine The After Repair Value Of The Home

The first step in the process of valuing your as-is property is to get an idea of what the home will be worth if you took the time to perform the needed repairs. You can use a website online that values properties to find this number quickly.

Estimate What Updates And Repairs Will Cost

Do not be intimidated regarding the process of estimating repairs. The number you come up with does not need to be exact. There are also guides both online and off that will help you estimate the cost of individual repairs.

Determine A Fair Price For The Home In As-Is Condition

This is perhaps the most difficult part of the process. It can be inexact science to estimate the discount a buyer should expect for repairing a home themselves. If light repairs or updates are needed, you can list the home for sale online. If major repairs need to be done to the home, time and money may be saved by contacting a cash home buyer in Vacaville.

A point to remember is that a realtor will also turn to a cash home buyer if they are selling a home that needs extensive repairs. You can save the six percent commission that would be owed to the realtor by going straight to the cash home buyer yourself.

Determine If The Cost To Make Repairs Is Worth It

Now it is time to determine if the hassle it would be to repair or update the home yourself is worth it. You should remember to add costs like escrow fees, buyer concessions, inspections and appraisal costs, and any other expenses relating to the sale of the home.

In most areas, these added fees will account for about 8 to 12 percent of the home’s final sales price.

If you decide to provide repairs yourself, make sure the following issues are properly addressed:

Fix any holes in the walls or ceilings.
Make sure HVAC system and appliances are in working condition.
Replace worn or damaged carpets.
Fix leaking faucets.
Fix damaged windows.
Paint walls and doors where needed.
Make roof repairs.
Replace outdated ceiling fans and light fixtures.

Final Thoughts

It is not always simple to determine if an as-is property sale is in your best interest. However, if you take a moment to consider all pertinent issues to sell my house as is, you will come up with the best decision to fit your particular situation.

May 4, 2014January 5, 2024 John Gamboa

How To Sell A Probate Property in Vacaville

Wondering “Can a house be sold while in probate?”… the answer is yes. We buy houses for cash including probate properties. Request a free CASH offer by filling out the form below!

Selling a House in Probate Vacaville

Selling a Vacaville house undergoing the probate process is by no means easy. There are so many legal processes that the property should go through before it can be listed as a probate sale. Even after the property is sold to the highest bidder, there is still paperwork to accomplish.

Selling a probate property is done through four steps: appointing an executor or administrator, having the property appraised, petitioning the court to begin the sale and listing the property, and asking the court for sale approval. The probate sale is long and arduous. It doesn’t also guarantee that the family members would receive a hefty amount, especially if the deceased owner has a lot of debts.

Whether you are an executor who needs guidance on the probate process or simply a relative who would benefit from the sale, you’ll find this guide useful.

Here, we have detailed everything you need to know about selling a probate property— from the core steps to help you get started to handling property repairs and probate sale approval. Note that probate differs state to state, so we recommend seeking professional guidance if you need specific information in your state.

What is a Probate Property?

Probate property is an asset left by someone who died that has to go through the probate process. This Vacaville property is either distributed through a will or without a will (in case someone died intestate).

While the term “probate property” often means a probate house, it is essential to understand that it can also mean other assets such as cars, stocks, jewelry, etc.

For the purpose of this article, however, we will be focusing on selling probate houses.

Can a House Be Sold While in Probate?

Yes. A house can be sold while in the probate process. Probate houses are sold the same way as traditional houses— typically through a real estate agent with the same marketing strategies or a cash buyer if you’re looking for a faster, hassle-free probate sale.

However, selling a probate property is a complicated process. The money from the sales of assets may not be distributed exactly as the family would expect, especially if the deceased owner owes debts to a lot of creditors.

The probate expenses, estate debts, and insurance fees would also be deducted from the sales of the Vacaville property before the heirs can divide the money for themselves.

How Does a Probate Sale Work?

As established earlier, a probate sale is somewhat similar to selling traditional property but with more complexities. Often, a probate sale is pushed back a couple of times because the court is involved in approving the probate sale. Therefore, it could extend from months to years.

Nevertheless, if you are ready to embark on this journey of selling a Vacaville house in probate, here are some of the basics to know…

Before the sales begin, the court determines if the probate is formal or informal. These two types of processes indicate whether the court would be involved in every step of the sale or not.

Formal Probate Sale

The formal probate process is lengthy and complicated because of court involvement. The probate court should approve every transaction related to the house and the executor needs an attorney for guidance.

Here are 4 steps to help you get started:

1. Appointment of Executor

A vital part of selling a probate house is appointing an executor or a personal representative. If the deceased individual indicated an executor on his will, the court would honor this.

Meanwhile, if an executor is not appointed, the court will assign someone as an administrator to process the documents. This person is preferably the next of kin.

The task of an executor is difficult. To illustrate, the executor would oversee the appraisal, marketing, sales of the house, paying probate fees, dividing proceeds, etc.

2. Real Estate Appraisal

Once appointed, the executor would have to get the house appraised so it can be listed for sale.

The appraiser must really be a professional because the process is stringent. This is to be expected since the appraisal would serve as the basis of the property’s asking price.

Moreover, most probate courts require the property to be sold for at least 90% of its appraised value.

3. Petition to Begin the Sale and Listing

When the home’s appraisal is ready, the executor or personal representative should go to the probate court and file an intention to sell the house and other assets.

The intention filed should include the home’s appraisal and the method chosen to sell the property, for instance, auction or market sale, through the help of agents.

Once the petition is approved, the executor can start listing the house for sale. The property can be sold through distressed property buyers, for sale by the owner or independently, or by a realtor who is an expert in probate sales.

When a buyer takes interest, they should be informed by the executor that the sale will only be completed after the court’s confirmation.

A hearing would take place before the approval of the sale. But before the schedule of the hearing, the probate house can still be advertised, mentioning the buyer’s offer. This would allow more potential buyers to bid during the court hearing.

4. Court Hearing and Approval of Sale

During the court hearing, when some more potential buyers show up to bid, the probate court will take charge. They will facilitate the bidding and overbidding.

Since the court will handle this part of the sale, expect that there will be strict rules.

After a buyer/bidder has won the bidding, the executor can petition the court to authorize the sale of the property.

The beneficiaries or heirs of the sale should also be notified regarding the sale and they should give their consent. If any of the heirs object, the sale may not push through.

Once all the documents have been prepared, the court will review them and release an order to approve the sale.

Informal Probate Process

The informal probate sale process is less stringent than the formal probate sale because there is limited court involvement. This is possible if the house in question is under the joint tenancy and there are rights to survivorship.

1. Appointment of Executor

Similar to the formal probate sale process, an executor or personal representative would be appointed to take charge of the transactions. If the executor is not indicated, the court will appoint an administrator. The executor would no longer need the help of an attorney in most cases.

2. Filing of Probate Forms

The executor should complete and file all the necessary probate forms with the probate court. These forms are often different from the ones filed during formal probate sales.

3. Issuance of Letters of Testamentary

Right after the primary forms are filed, the court would release Letters of Testamentary. These are documents that give the executor the right to manage the assets of the deceased, including the house.

The executor would still need to fill out a lot of forms and file them with the probate court after these documents are released.

4. Listing the House for Sale

When the court already permits the sale of the house, the executor can now list it or sell it however he wants as long as it is legal. The executor can seek the help of agents or find a company that buys probate houses.

There would be no bidding involved because the court would no longer interfere with the transaction. However, the beneficiaries or the parties involved should all agree before the sale can proceed.

3 Ways to Sell a Probate Property in Vacaville

If the California court approves the petition to sell the probate house, the executor must start marketing it. Here are several ways to sell a house going through probate faster:

Probate Real Estate Agents

Working with realtors specializing in probate properties can speed up the process.

They already know what strategies to use to sell a house under probate and how to price the property right. They also know who to market the property to, so you’ll get a competitive offer.

Real Estate Investor

Real estate investors buy and renovate properties so they can convert them into rentals or fix them up to sell on the market. Investors may secure a bank loan or mortgage for a probate property if they’re really interested in it. They may also pay in cash if they have enough funds.

Cash Home Buyer

A cash home buyer is pretty similar to a real estate investor. However, they’re ideal because they can offer cash for the probate property right away.

They don’t take loans or mortgages to pay for the property. They don’t require any repairs. Also, a trusted cash buyer will not withdraw from the sale once they have agreed with the executor, so you get your money with no uncertainties.

How Long Does a Probate Sale Take?

According to California Courts, probate sales last 9 months to 1 ½ years due to a lot of factors. For one, asking for a schedule in a probate court is difficult. There’s also the delayed release of the grant to probate, which can further push back the transaction.

Another aspect to look into is the marketing part of the probate sale. If the executor lists the house for sale, it doesn’t mean that a buyer will take interest right away unless an expert realtor is hired or the property is sold to an investor.

Typically, it could take months or even years before a buyer comes forward, depending on the state of the property, the asking price, and the real estate market in the Vacaville area.

That said, it is best to expect that the probate sale will take longer than traditional house sales. However, a reputable cash buyer is a great way to speed up a probate sale.

What if the Probate Property Needs Repairs?

can a house be sold while in probate California

A probate property typically needs some repairs before it can be marketed by the executor or real estate agent. The expenses should be shouldered by the executor and the relatives so the house can be marketed at a competitive price.

In cases where the relatives do not agree to pay for the repairs or cannot afford them, the executor could find a company that buys houses for cash instead of a real estate agent because cash-buying companies do not require repairs or cleaning before the probate sale.

You could also list the house as a Vacaville distressed property. However, you can save on the real estate agent fee by seeking out cash buyers directly.

Final Thoughts: Selling a Probate Property in Vacaville

We hope that through reading this guide, questions like “Can a house be sold while in probate?” or “Do the beneficiaries get all the proceeds of the sale?” were answered.

Generally, in selling a California house or any property going through probate, you should prepare both emotionally and financially. It would test your patience since the process is arduous and will also challenge your financial capabilities due to expensive probate fees.

It’s best to seek the help of an attorney if you really need legal advice on the nuances of probate law. Moreover, some specialized agents can help you get started in selling a probate house.

If you decide to go the cash home buyer route, contact John Gamboa and his team at Integrity Home Solutions. We’ll give you a competitive cash offer and cover the closing costs for your probate house! Call us at (707) 733-6693 if you want to sell simply.