Posted In: Home ImprovementPligg
You’ve likely seen roadside signs promoting the buying of houses for cash.
It sounds pretty good, right?
If you’re wondering if this is an opportunity you should jump on but are unsure of what exactly it entails and how it works, don’t worry. We’ve got you covered.
Here’s everything you need to know—from the good to the bad—about selling your home for cash.
Pros & Cons Of Selling Your Home To A Real Estate Investors
Since investors offer various payment methods, your payment options are flexible.
Investors can accept payment via methods such as certified funds, cash, or pre-scheduled cash payments. In some cases, they may even take over the existing mortgage completely.
Multiple payment options allow sellers to find the solution that fits their needs.
Selling houses for cash is a legitimate option, as investors are often willing to pay in cash for a home with the recent tightening of financial restrictions. This is usually coupled with the growing number of complaints about low appraisals.
Selling “As Is”
Many times, investors offer to purchase a property sight unseen.
What does this mean for sellers? That as the seller, you can avoid any costly repairs that would normally be considered financial responsibility.
Believe it or not, there are investors who can close a deal within 7 days.
Are you wondering how that’s possible? Good question.
Investors are able to close quickly because the sale of the property is not reliant on approved financing, appraised values, home inspections, etc. By bypassing all of these sometimes-lengthy steps, the closing processes is expedited considerably.
Most Investors Don’t Have A License To Buy
Since investors don’t need a license to buy a house, this means you know nothing about the person or people offering to buy your home.
Some investors are corporations, while others are individuals. Individual sellers usually are also real estate agents.
Because of this, many sellers are concerned about the motive behind the purchase.
There Are Scam Artists Posing As Investors (And Plenty Of Them!)
When selling your home for cash, you run the risk of fraud.
While this risk can exist in any financial transaction, it’s especially critical to avoid scams when dealing with large assets, such as your home.
When selling your house, you’ll want to take all necessary precautions to avoid any issues.
Start by getting the name of the investor and research him/her online to see whom he/she is. Ask for references, and question your listing agent to do some research on your behalf as well.
Homeowners Often Sell Below Market Value
Since investors will have their own cost challenges, you can be assured that those charges will be factored into their offer price.
Don’t be fooled. Investors are well aware of the power behind their cash offer. They also are conscious of the fact that they are taking a risk by purchasing a home “as is.”
Because they may be relying on your motivation to get out quickly, or for whatever their reason may be, it’s unlikely that an investor will pay market value for a home at its peak.
Got pests? No problem. These DIY pest control tricks are your ticket to getting those bugs off your back. Before you call the calvary, give these a shot.
It’s Friday night. You’ve got a hot date coming over. You’ve cleaned the house. Shoved your dirty laundry under the bed (hope he doesn’t look under there). And you’ve lit a few romantic candles while you fixed him dinner.
It’s going to be a fantastically romantic evening. And then you see them. Your biggest nightmares. A cockroach, a horde of ants, and a mouse trooping across your kitchen like satan’s army.
It’s too late to call the pest control services. What do you do? Your hunk of a date is going to be here anytime.
Don’t scream. It’s going to be ok. There are some easy things you can do to take down the pests in your home.
This could also work as vampire repellent. But it’s really for bugs. Blend some mint leaves and garlic cloves. You were just cooking, right? So you should have these. Add some cayenne pepper and some dish soap. Boil the stuff.
Now, if you need it this instant, you could probably just pour some on the sucker right away. But it will make a mess. But for future use, chill it overnight in the fridge and then strain it into a spray bottle.
The ants go marching one by one, hurrah! Until they encounter coffee grounds. Then they run away. Really. They do.
All you need to do is put on a pot of coffee then sprinkle the used grounds around the house. Find out where the ants are coming from. Your date won’t think it’s cool to step on coffee grounds all night.
Even the mice will run away from this one. But it’s really just for bugs.
Take one gallon of water. Mix it with three tablespoons of hot pepper flakes. Heat it in a pan on simmer for about fifteen minutes. This brings out the hellfire in the spray i.e. pepper oils.
This is another one you will have to let sit for about 24 hours to let the flakes release all of their torment into the spray.
Once you’ve let it sit, strain it. Drop some dish soap in. Put it in a spray bottle. And now you have the cruelest insect repellent on the planet.
Spray it on plants or in cracks where ants and cockroaches might come in.
This is also a great way to keep squirrels from getting into bird seed. You see, birds don’t have salivary glands and thus they can’t feel the heat of the peppers. But squirrels sure do. Spray down that bird seed with a dish soap-less version and watch the squirrels freak.
4. Apple Cider Vinegar Fruit Fly Trap
Really, any kind of alcohol will work for this one.
But fruit flies are the worst infestation. They are gross. Just nasty. And you will always have a hard time getting rid of them.
First, put all fruit in the fridge. Don’t leave any out.
Then, get a salt shaker, fill the bottom with apple cider or rum. Drop in some dish soap to break the water tension. And then set it out. Watch them flock to it. They’ll crawl into their sweet and drunken death.
5. Borax And Sugar.
Certainly not sugar and spice. But ants sure think it is. Until they die!
Take 1/2 cup of sugar. 1 Cup of warm water. Mix the two with 2 tablespoons of borax.
Put it in a shallow lid of some sort and place it where the ants march. They’ll even take some of it to their next and kill more over time.
So, now you can enjoy your Friday night. Just don’t let the bed bugs bite!
Thinking of a home renovation? Awesome. But, read this first. We’ve collected the worst home renovation tips out there, and we’re sharing them with you.
Renovating your home is always a big deal.
Sometimes it’s just time for a change. Other times, it’s time to move and renovating is one step in that direction!
With so many shows out there that show renovations as they happen, whether professionally or with DIYers, it’s hard not to feel like a reno-buff yourself.
But is home renovation really as fun and straight-forward as it’s cracked out to be? And what advice should you be taking and what should you be ignoring?
Though you’ll be working with your own home renovation contractors, you’ll want to make sure that the best options are selected beforehand.
Figuring out what direction you’ll be taking your home renovation in is hard. That’s why you should read this helpful guide of the worst home renovation advice we’ve ever heard.
Why? Because knowing what’s right comes with knowing exactly what you and your home renovation contractor shouldn’t be doing!
The worst home renovation advice you need to stay away from
Add a bathroom
Having too few bathrooms is always a problem.
Maybe it’s just you and your significant other right now, but add in some kids or visiting family and friends. What then? It’s a recipe for an all-out brawl to get to the shower in the morning.
Some people thing that renovating their house to add a bathroom as an addition is a good idea.
But, we’re here to point out that’s not actually such great advice to take!
Creating a dream closet
This one may sound conflicting, especially since we all love big closets.
But spending a lot of money to create a huge, organized closet may not always be the greatest move.
It’ll cost you around 3k, but you’ll only get about half of that back when you sell.
So, for this one, don’t stay away completely, but make sure you’ll get your fair use of it just to make that value loss worth it.
Gutting everything at once
Those renovation shows do a great job at making demolition day look fun. And it is fun!
But make sure you put the hammer down long enough to figure out if you really want to be destroying those cabinets.
Consider repainting them or removing them intact to sell. Saving money is a good thing, so don’t demolish it!
Getting too trendy
Do you remember those insanely busy patterned curtains that hung in everyone’s grandmother’s house?
Do you remember ever looking at those and thinking, “those would look great in my house, in 2016?” The answer is probably no.
Back in the day, though, those were all the rage! So when you’re working with home renovation contractors, be wary of going too trendy.
You’ll want to avoid jumping into the latest trends headfirst. Make sure to keep things modern yet classic to see your home age gracefully.
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