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Buy My Louisville Kentucky House for Cash – 2 Questions To Ask

Buy My Louisville Kentucky House for Cash

Looking for a cash buyer for your Louisville Kentucky house? Ask yourself these 2 questions first…

If your Louisville, Kentucky house is facing a foreclosure, and you wish to avoid it… or if you just need to sell your Louisville house fast for another reason (you inherited a house, relocating and need to sell, lost your job, agent can’t sell your house, etc.)… then one of the best options that you can consider is thinking about finding someone to buy your Louisville Kentucky house for cash. Buy My Louisville Kentucky House For Cash.

By doing this, you will not only profit by improving your credit rating but also get extra money into your account. Your credit score, which is an important aspect of your financial life, will remain untainted since you will settle your debt in time, and you can use the extra cash from your sale in other projects. However, you have to study the prevailing market conditions. That is, find out factors that are likely to influence the value of your home… before getting ready to sell it. Remember, when your house is foreclosed, you will lose your property as well as your credit rating. Buy My Louisville Kentucky House For Cash.

Buy my Louisville Kentucky house for cash : The Plan

The first step that you need to take in order to sell your Louisville house fast to someone else with a “buy my Louisville Kentucky house for cash” mentality, is to come up with a game plan.

Your real estate agent should help you come up with this. Be sure to negotiate with your lender as you contact an agent who is well informed regarding the sale of such properties in your area. The agent should have the latest report on property values in order to help you quote the right price for your house.

1. How fast do you need to sell? 

This is one of the most important first decisions you need to make… because this really dictates what options you really have. If you have more time… you have more options open to you.

If you have less time… your options are a bit fewer… but you still have great options out there. Buy My Louisville Kentucky House For Cash.

If you need to sell in less than 2 months (or even less time than that), you likely don’t have the time to list your house with an agent.  You’ll likely have to try to sell the house yourself (if you know how to) or sell your house to a local professional house buyer like Fast Cash House Buyers LLC  (or you can call us at (502) 631-9392 and we can make you a fast-fair all-cash offer on your Louisville area house).

2. How much do you need to sell your Louisville house for? 

Note that above it says “how much do you need” to sell for.  If you’d like to sell your house for full retail… but you have to sell your house fast and can’t afford to list it with a real estate agent… determine what you need to get out of your house sale.

That’ll help guide you to your true options for selling.

If the price you “need” to get doesn’t leave room for a real estate agents commission… you may need to look at selling the house FSBO or getting an offer from a local real estate house buying company like us… to see if that gets you closer to where you need to end up. Buy My Louisville Kentucky House For Cash.

On the flip side… if you need near full-retail value and you can wait it out for a retail buyer to come along who can pay that price… list your house on the MLS.  If you don’t have the time… consider talking to us for a fast cash offer on your house (we can make you an offer in less than 24 hours and close in as little as 7 days if you need to, with all cash).

3. Look into your options and take action! 

Like I mentioned above, if you’re looking for someone who can say “yes”! when you ask them to “buy my Louisville Kentucky house for cash”… the main things you need to determine yourself are:

  1. How fast you NEED to sell
  2. How much you NEED to get out of the sale

Once you know those… look at your options below as a quick guide to help you decide which options may work for you with your local Louisville house sale. Buy My Louisville Kentucky House For Cash.

  • Real Estate Agent: If you can wait 3-6 months to sell and can afford the 3-6% in commissions on the sale. If so, going with an agent will likely get you your highest price on your property.
  • Local Real Estate Investor / House Buyer: If you need to sell fast, we can buy your Louisville house in as little as 7 days. We won’t be able to pay full-retail on your house… but we don’t charge any fees at all. What we offer you is what we pay you. If you value your time and a quick sale more than making a few extra bucks 6 months from now… call us today at (502) 631-9392 or click the link below to fill out our online fast offer form.
  • For Sale By Owner: If you can wait 3-6 months to sell but can’t afford the 3-6% in commissions to an agent, you may want to try to sell it yourself. Buy My Louisville Kentucky House For Cash.
  • Talk To Your Bank: If your mortgage is “underwater” or you’re in or nearing foreclosure… your first step may be to talk to your bank to see if they have any mortgage relief programs.  Some banks offer assistance or can at least guide you in a direction to lessen the burden.

 

We can help you strategize how to sell your Louisville Kentucky house fast. Give us a call at (502) 631-9392 for help selling your house fast, or fill out our form to see if your property qualifies for a fast-fair all cash offer.

 

There are several reasons why you may be thinking “buy my Louisville Kentucky house for cash – please let it be that simple” (and it can be). Regardless of your reasons, you need to prepare your house for sale just as you would any other product. A thoughtful preparation WILL turn your home into an attractive option for buyers. Doing it this way, you can sell your house fast and get top dollars. Buy My Louisville Kentucky House For Cash.

 

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Cash for Homes in Louisville Buyers – Will I Get A Fair Price?

Cash for Homes In Louisville

Cash for Homes in Louisville Buyers – Will I Get A Fair Price?

Time and money are crucial factors when you are selling your home. If you need to sell your Louisville house fast… there are local professional home buying companies who pay cash for homes in Louisville Kentucky.

Let’s dive into how you can sell your local Louisville house fast and get cash for your house in the process without having to list your house with a real estate agent, or wait months for it to sell. Cash for Homes in Louisville. We Buy Houses Cash

 

How Do Cash For Homes in Louisville Buyers Work?

Finding reputable local Louisville house buyers who pay cash for homes in Louisville can be a daunting task. However, with a little research, you can find that there are several investors out there looking to buy property for cash. Here are some of the things you should look at when you’re working with local cash home buyers (including our company, [company], we buy local Louisville Kentucky houses fast).

And before you dive in below… if you’re not sure how the process of a cash buyer like Fast Cash House Buyers, LLC in Louisville, KY (502) 631-9392 buying your local Louisville house works… check out our “How it Works” page on this site and our FAQ. Cash for Homes in Louisville.

Price And Time Are Trade-Offs – Which Is More Important To You?

As you might suspect, it is not easy to get the full market value for your home if you are selling it fast on cash.  To get the full market value of your house, you may have to wait 3-6+ months… and often will need a real estate agent out there marketing your house to find you the best buyer. Real estate agents charge a commission (usually between 3-6% of the sale price)… so if it takes you 6 months to sell and you have to pay a 5% commission… is that worth the wait?

Most often, local Louisville house buyers like Fast Cash House Buyers, LLC in Louisville, KY (502) 631-9392, we’ll evaluate your house… determine what it’s worth if it’s fully fixed up… determine how much we’ll have to invest in repairing / renovating the property… how long it will take us… and of course we have to turn a small profit for our risk in buying the house, renovating, and selling it… so we do tend to make offers that are below the full retail market value.

But we can close quickly (in as little as 7 days if you need us to)… so if selling your house fast with zero hassle at all is more important than getting every penny out of the sale… submit your info on the form on this next page or give us a call at (502) 631-9392.

We can make you a fast no-hassle offer in less than 24 hours.

We like to make sure every house seller we work with knows all of their options, and we even encourage you to get other offers and shop them around. We won’t be offering the lowest price in town… we often won’t offer you the highest price… but you can be assured that when we make you an offer, we’ll follow through with what we say we’ll do. Cash for Homes in Louisville.

How Much Work Do You Want To Put Into Making Your Louisville Kentucky House Sell?

Another big factor that local Louisville cash home buyers like Fast Cash House Buyers, LLC in Louisville, KY (502) 631-9392 can offer is we take 100% of all of the work and hassle to sell your house off of your hands.

We handle it all.

No, we’re not listing your house like an agent does. With that route… you’ll still have to clean up your house… get it ready to show it when the streams of potential buyers want to see it… go back and forth through your agent with the buyers on price and terms, etc. It can be a lot of work. Cash for Homes in Louisville.

Especially if your house here in Louisville needs some work.

But, we offer cash for houses in Louisville Kentucky because we’re professional home buyers based locally here in Louisville.  If a house needs work, we’ll buy it as-is and we’ll pay for the repairs it needs out of our pocket after we buy it from you. And you won’t have to worry about the paperwork either… we’ll get it all created at a reputable neutral party closing agent in town of your choosing… or we can recommend the ones we’ve used for years. Cash House Buyer

Basically, we can make you a fair all cash offer on your Louisville house (or Call Us Today at (502) 631-9392!)… and if it’s a fit, great! We’ll handle everything.

Do Your Research And Trust Your Gut

Before you decide to go with an investor offering cash for your property, be sure to investigate their reputation carefully. Consider asking for references from the investor. Talk to people the investor has worked with in the past to determine whether they are the right fit for you.

There are people out there who are less than honest… so make sure to do your research, talk to them and make sure you can trust them, and that they can actually close on the offer they made you on time.

We take our reputation seriously and are glad to answer any questions you have about us, how the process works, and how we can help you. Buying Houses Cash

When you’re ready to start the process of selling your Louisville Kentucky home for cash, fill out our form and we’ll help you get started.

Call Fast Cash House Buyers, LLC in Louisville, KY (502) 631-9392 today at (502) 631-9392 for an immediate cash offer on your Louisville Kentucky house… or Submit The Fast Offer Form Here >>

 

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3 Ways To Tell Real Estate Agents And Investors Apart In Louisville.

Ways To Tell Real Estate Agents And Investors Apart In Louisville

Ways To Tell Real Estate Agents And Investors Apart In Louisville

If you’re thinking of selling, you’ll likely connect with people who want to help. Some will be agents and some will be investors. Check out this blog post to read about 3 ways to tell real estate agents and investors apart in Louisville, and help you understand why you might want to work with one versus the other…

Thinking about selling your house? You might be approached by a bunch of different people who all offer to help you sell. But not everyone who offers to help will help in the same way. Some are real estate agents, other are real estate investors and they’ll help you in different ways. Here are 3 ways to tell real estate agents and investors apart in Louisville. We Buy Houses.

Ways To Tell Real Estate Agents And Investors Apart In Louisville: List Versus Buy.

The easiest way to tell agents from investors is to ask what they are going to do with your house – list it or buy it. A real estate agent will list your house on a listing service and they’ll try to find a buyer. They might need to show it to several people in order to find one buyer. We Buy Houses Louisville.

An investor, on the other hand, isn’t going to list your house – the investor is a buyer and they will buy your house from you directly. (That’s what we do at Fast Cash House Buyers, LLC in Louisville, KY (502) 631-9392 – we’re buyers and we buy houses in Louisville. If you want to sell your house, click here and enter your information to find out how much we can pay).

Ways To Tell Real Estate Agents And Investors Apart In Louisville: Timeline To Sell.

The next way to tell an agent apart from an investor is to ask about their timeline to buy. An agent won’t know because they have to find the buyer first. In many cases, they might be looking at 3-12 months during which they’ll show the house to multiple potential buyers. We Buy Houses Cash.

An investor, though, will know exactly how long it will take to buy your house since they’re the ones who will buy it. They will have an exact timeline (which could depend on you and how quickly you want to sell). We Buy Houses Fast.

Ways To Tell Real Estate Agents And Investors Apart In Louisville: Commission Versus No Commission.

This one is crucial! An agent makes their money when they find a buyer and then you have to pay them a commission on the house (which could be somewhere around 6% of the sale price… or $6,000 on a $100,000 house).

An investor, however, isn’t listing your house so there aren’t any commissions. That’s because an investor will make money by either renting the house to a tenant or fixing up the house and selling it… so they make their money in a different way. Sell House Fast Louisville.

There are other ways to tell an agent or investor apart. The best thing to do is just ask… they’ll tell you!

If you’ve read this post and decided to see what an investor can pay for your house, get in touch with us.

 

Please enter your info below or pick up the phone

and call our team NOW at (502) 631-9392.

 

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Sell My House For Cash In Louisville Kentucky

 
 

How Can I Sell My House For Cash In Louisville?

If you are thinking about finding a buyer for a house here in Louisville, Kentucky you may find it is no walk in the park, especially if the house needs some work. If you need a really quick sale for this type of house, then chances are you are grappling with the question, “How can I sell my house for cash in Louisville Kentucky ?” Well, fret not! There are several options that you can explore when putting your home up for fast sale. We Buy Houses Cash Louisville.

Here are three most common options worth considering; however, if you need to sell your house fast for quick cash, then be sure to call Fast Cash House Buyers, L.L.C. first at (502) 631-9392. We have cash in the bank, and are able to buy  most any house, anywhere in Louisville, Kentucky. Sell My House for Cash in Louisville Kentucky. We Buy Houses Louisville.

#1 “Sell My House Fast For Cash In Louisville Kentucky To A Local Investor”

If you are determined to sell your house to a cash buyer, a local Louisville house buying company such as us here at Fast Cash House Buyers, LLC in Louisville, KY (502) 631-9392 are one option for you. We buy houses in Louisville and surrounding areas in Kentucky when sellers need to sell fast.  If you’re looking to get the full market retail value on your house… and you have time to wait for it to sell (3-6 months) look at option number two. But if you need to sell your house fast and are willing to sell it less than the full retail value that you may be able to get by listing it w/ an agent and waiting until it’s sold… we’d like to make you a fast-fair offer on your house today... or call us directly at (502) 631-9392. Sell My House for Cash in Louisville Kentucky.

#2 “Sell My House For Cash With A Real Estate Agent”

If you have a bit more time and can wait for the right retail buyer to come along, and you can pay the 3-6% in real estate agent commissions on the sale… listing your local Louisville, Kentucky house with a real estate agent is a great option.

A real estate agent is one option for getting your property across to cash house buyers… It is possible to sell your house quickly for cash through a real estate agent. We Buy Houses Fast Louisville.

However, this begins by finding the right agent. Start by asking at least five local Louisville agents to assess your home and show you some comparable houses that they have recently sold for cash. The agent you settle for should list your house in as many property websites as possible in order to broaden the market reach and of course put it on the local Louisville area MLS (multiple listing service).

It is also important that they advertise your house in the local publications buyers tend to look at (newspapers, etc.). To help speed up the process, consider offering the agent an attractive incentive if they manage to sell the house within a specified time frame. With this option you will of course pay the real estate agent commissions… so be prepared to figure that into your overall costs. Sell My House for Cash in Louisville Kentucky.

#3 “Sell My House For Cash With A FSBO Listing”

According to experts, 90 percent of all property searches now begin online… and if you have time to wait to get your house sold… and the time to show potential buyers your house as they come calling… selling your Louisville house “For Sale By Owner” may be a good fit.

There are tons of web based real estate agents that you can approach to sell your house on their websites and some agents will let you purchase a listing on the MLS for $300-$500+. . Additionally, you can list your house on websites like Craigslist as well as online property directories in your area. To attract potential buyers, be sure to accompany your listing with clear photos of your home. Sell My House for Cash in Louisville Kentucky. Sell House Fast Louisville.

“So, who can buy my house for cash in Louisville Kentucky?”

If you are grappling with this question, you need to realize that it is possible to sell a house fast for cash… the main thing you need to decide right now is how fast you need to sell your Louisville house.  If you have 3-6 months and can pay the real estate agent fees… list your house with an agent.

But if you don’t have enough room in the house sale to pay an agents commissions… or you can’t wait the time it may take to sell your house at full retail… chatting with a reputable local real estate buyer like Fast Cash House Buyers, LLC in Louisville, KY (502) 631-9392 may be a great option to explore. All you have to do is know your options when it comes to selling property for cash. Click here to learn more house for cash selling tips. Better still, fill the web form below for a fast fair all cash offer for your home. We Buy Houses Louisville. We Buy Houses.

 Sell My House for Cash in Louisville Kentucky.

Fill out the quick form below to get your fast-fair cash
offer for your Louisville house TODAY!!!

 

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Sell My House for Cash

 

Why Won’t My House Sell in Louisville?

Why Won't My House Sell in Louisville?

Why Won’t My House Sell in Louisville?

You’re trying to sell a Louisville Kentucky house that just won’t sell?

And yet – the news says the real estate market is heating up. The media is practically shouting again about multiple offers, high demand, and record-setting prices.

So where’s your contract? Why Won’t My House Sell in Louisville?

These tips could be just what you need to help you sell your Louisville home.

Why won’t my house sell in Louisville? – 6 Tips To Cure It

 

1) Get good help.

Just like before, there are novice agents and investors rushing into the booming market trumpeting that they know what they’re doing.

But they don’t. They’re getting hit hard with the nuances of financing, deal structure, and evaluation. Seriously, chances are good that real estate is your biggest investment – don’t trust just anyone’s advice. If you want great results, partner with the pros.

2) Don’t make too many improvements.

Too often we see over-improved properties – those where the owners have gone too far. Even with the best of intentions, exceptional craftsmanship and true artistic talent, it’s incredibly challenging to exceed what the market is paying. Plus, most buyers want to add their own custom touches. Get rid of all the clutter and think “neutral”.

3) Do make necessary improvements.

Unfixed stuff scares buyers. Show that you’ve been a responsible property owner and get all the little details fixed.

Don’t leave gaps in the trim or plates off of the switches. Get it inspected by a professional home inspector, and show off the healthy home report. This goes a long way towards establishing confidence that they’re making a good purchase.

4) Style and design matters.

Curb appeal is as important as the inside – so don’t neglect one part of the property to improve the other. Give buyers a cohesive impression of great style. Paint the walls, update the landscaping, and most of all – keep it immaculately clean. Consider hiring a professional designer to help tastefully stage the property.

5) Pricing matters a lot.

If you’re getting a lot of showings but not a lot of offers, you might not be too far off in price. If your best efforts to advertise your property aren’t making the phone ring, you’re probably overpriced.

6) Every property will sell – sometime.

There’s no magic formula – but there’s no substitute for experience.

Why Won’t My House Sell in Louisville?

****************
If you need to sell a house near Louisville, we can help you. We buy Louisville Kentucky houses.

We buy properties like yours from people who need to sell fast.

 

Give us a call anytime (502) 631-9392 or fill out the form here today!

 

Photo by Bart Everson

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I Inherited a House, What To Do? – Should I Rent or Sell in Louisville?

I Inherited a House, What To Do? – Should I rent or sell in Louisville

Inherited House – Should I Rent or Sell in Louisville?

First, we’re so sorry for your loss. This can be a very challenging time for many reasons, and dealing with property ownership is tough at the best of times.

You’re thinking, “I inherited a house, what to do with this house?” Should I rent it? Should I sell it?  How should I sell it?

Tons of options open for you, but…

… we can help.

We’re seasoned investors in Louisville real estate, and we’re looking to buy several houses each month in the Louisville Kentucky area. Every month we get calls from those who have inherited a house and are looking to sell the house… so the info below are some tips to help you navigate the process.

I Inherited A House, What To Do Next?

Here’s a few important considerations to help you make the right decision:

1) Make sure the mortgage is paid.

This may sound obvious, but if the person who left you a property also had a mortgage (unless it had no mortgage and was paid off, which is great!), you have to pay it (assuming you want to keep the property). Some banks will allow you to assume the loan, while others may force you to refinance into a new loan. If you don’t qualify for a new loan, renting may not be an option for you. I Inherited a House, What To Do? – Should I Rent or Sell in Louisville?

2) The investment is only as good as the manager.

If dealing with brokers, maintenance, tenants, rent collection and all the nuances of property management isn’t the best use of your time, hire a professional to help you or cash out now.  Some people who inherit homes decide to keep the house and rent it for extra income. That’s a great strategy for sure. You just need to be prepared to manage the property and the hassles that can go along with tenants and toilets.

3) Property ownership costs money.

It’s rare to see a building that’s been perfectly maintained. Most inherited houses need major improvements.

Consider hiring a professional property inspector to give you a detailed rundown on what you’ll need to do within the next five years, along with estimated costs. Surprises are very, very expensive. I Inherited a House, What To Do? – Should I Rent or Sell in Louisville?

4) Selling a property for top dollar costs money.

If you don’t want to deal with making repairs, updating kitchens, improving landscaping and overall cleanup, don’t worry. We buy Louisville houses for cash, as-is. I Inherited a House, What To Do? – Should I Rent or Sell in Louisville?

5) If the market will continue to grow faster than your other options, hang on to the investment.

We can help you analyze the value of your property today versus the long-term benefits of renting. If you can use the equity in your property in another way that outpaces the performance of the real estate market, you should. If you don’t have anything better to do with the money and the neighborhood is rising in value, hang on – real estate can be a great investment if you know how to correctly read the market.

6) Uncle Sam wants a piece of the action.Tax Inheritance

Don’t forget to discuss your inheritance with tax and legal professionals before you take action. There are major property and income tax consequences that will dramatically impact the cost of owning your investment. I Inherited a House, What To Do? – Should I Rent or Sell in Louisville?

7) Consider all your options.

In certain situations we may be able to help you structure a lease-option agreement that allows you to rent and sell at the same time – capturing the best of both worlds. These kinds of deals can be complicated, but our Louisville investment experience can help you win.

8) Compare a few scenarios.

We’ll help you determine prices for any property near Louisville – if you sold it today without doing any work, the highest price the market will bear, and the projected value of keeping it as a rental (along with the costs). I Inherited a House, What To Do? – Should I Rent or Sell in Louisville? We Buy Houses.

Just call us today at (502) 631-9392 or contact us now for more information
on how we can make you a fair cash offer on your inherited house today!

 

Photo by Seneca Real

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We Buy Houses In Louisville Companies – Are they credible?

We Buy Houses in Louisville Companies

We Buy Houses In Louisville Companies

If you’ve been driving around in Louisville, chances are you’ve seen some billboards advertising companies that buy houses.

Often times they say things like “We Buy Louisville Houses!” or “Cash For Your House”.

Are these “we buy houses in Louisville companies” credible?

How do I know if the local house buying companies out there are honest and credible?

Well… sometimes they all look the same at the start… but below we’ll walk you through some things to look for in a local house buying company before you should work with them.

Buying and selling houses is a valid and respectable profession that can help communities and house sellers in many ways. But just like any other line of work – a minority of house buyers in any market are the ones who make the rest of us look bad.

There are people who are really great, ethical folks who improve their neighborhoods one property at a time.

And then there’s shady, dishonest people who put money ahead of the well being of their clients and who would sign the contract to sell their own grandmother with one hand while stabbing you in the back with the other – as long as they were making enough money.

Yes, they are out there.

We’ll help you avoid these “shady house buyers” so you can work with honest, ethical, and reputable local companies who can buy your house for a fair all cash offer and close on your schedule.

But let’s not focus on the negative – at least not yet.

First, let’s cover exactly what the best house-flippers are doing.

What Reputable Louisville House Buyers Are Doing

  • Helping folks improve their lives by accessing the money they need right away. People often need the cash in their house to cover unexpected medical expenses, or to relocate to be close to a relative. We can make that happen in just a few days, and we deliver peace of mind.
  • Helping sellers get rid of a burdensome property without the hassle of having to list it with a broker and wait months and month for a sale.
  • Creating local jobs. We hire plumbers, contractors, electricians, brokers, title reps, loan officers, administrators and many other folks along the way. The average real estate transaction involves 86 people from start to finish. Our investments help create real jobs for people around Louisville Kentucky.
  • Buying US products. We spend tons of money on materials that are made right here in the USA – that creates jobs in our timber mills, factories, supply shops, distribution centers and more. The US economy depends on steady improvement, and that requires investment from folks like us.
  • Increasing the value of Louisville neighborhoods. When we improve a house, we’re helping to increase the value of the entire community. We often repair abandoned and neglected houses, turning them into beautiful homes for families. That activity strengthens Louisville.
  • Increasing the tax base. When a new buyer takes over one of our properties, they’ll pay a higher tax rate based on the new and improved value. Those taxes go to pay for our schools, fire, police, libraries, streets and other valuable pieces of infrastructure.  Again, improving our neighborhoods.

Pretty cool stuff, right?

Lots of people think of house-flipping as a get-rich-quick scheme. That’s fueled by silly “reality” shows that amp up the drama because the reality of what we do on a daily basis is actually pretty boring.

Most of our work is coordinating with lots of people to make sure things are happening on time. We have to keep track of lots of moving parts.

So let’s get back to how you can use this information to find out if someone is a credible investor, and not just pulling a house buying scam.

How To Ensure You’re Working With A Reputable Local House Buyer

When you talk with a local house buyer to potentially buy your house… ask them some of the questions below to ensure they’re reputable, knowledgeable, and honest.

Reputable House Buying Companies In Louisville

Reputable House Buying Companies In Louisville

Ask open-ended questions like:

  • How do you help your clients?
  • What do you do for people?
  • Can you tell me more about your services?
  • What aspect of your business makes you the most proud?
  • How would you describe your investment philosophy?
  • How can I know that you’ll close on my house when you say you will?

Second, look for tell tale signs of tactics that those few shady operators tend to use.

  • “Kitchen table closings” – If a property buyer tries to get you to sign the deed (ownership) of your house over to them at your house, rather than a professional place like a closing attorney or title company… be leery.  Most reputable house buying services will perform the actual closing of the sale at a neutral 3rd party place… like a title company. This ensures everything is done right and on the up and up.
  • Pressuring you into a fast closing – If a house buyer tries to pressure you into selling your house and says that you have to make the decision today, be leery. Most reputable house buying services will make you and offer and that offer will be on the table for at least 2-7 days (minimum) for you to make a decision.  The reason reputable house buying services like ours at Fast Cash House Buyers, LLC do place deadlines on our offers is because the market changes and values can change week to week depending on other sales in the area, also… we buy multiple houses a month and when we make you an offer we’re assuring you that the cash to purchase your house is ready and we’ll reserve that cash for several days so if you do want to sell your house, we can close on your schedule.  If you feel the offer isn’t a fit for you, then we’ll assign those funds to help another seller with their home sale.

Most scammers are looking for a quick score, and not an in-depth interview.

Chances are good that they’ll find excuses to get off the phone and move on to someone who doesn’t ask too many questions.

True investors who run honest and ethical Louisville house buying services, however, are building long-term businesses based on relationships and community development.

So when you’re looking at one of the “we buy houses in Louisville companies“… never be afraid to ask questions!

Give us a call anytime at (502) 631-9392 or
fill out the form on this website today! >>

 

Photo by John Sharin

 

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Understanding the Foreclosure Process in Kentucky

Understanding the Foreclosure Process in Kentucky

Understanding the Foreclosure Process in Kentucky

Understanding the foreclosure process in Kentucky is an important part of navigating your own home foreclosure.

Before we dive in…

What is foreclosure anyway?

Foreclosure is the legal process that lenders use to take back property securing a loan, generally after the borrower stops making payments.

Foreclosure is no fun.  But just know that it’s not the end of the world.

When you know how foreclosure in Kentucky works… it arms you with the knowledge to make sure you navigate it well and come out the other end as well as possible.

The Basic Stages of A Foreclosure

There’s a few stages that are important to any foreclosure process.

Foreclosure works differently in different states around the country.

The two ways different states use to foreclose upon a property are: judicial sale or power of sale.

Connect with us by calling (502) 631-9392 or through our contact page to have us walk you through the specific foreclosure process here locally in Louisville.

In either scenario, foreclosure typically doesn’t go to court until 3-6 months of missed payments have elapsed. Usually (but not always), a lender will send out many notices that you are in arrears – overdue or behind in your payment.

Under Judicial Foreclosure:

  • Your mortgage lender must file suit in the court system.
  • You’ll get a letter from the court demanding payment.
  • Assuming the loan is valid, you’ll have 30 days to bring payment to court to avoid foreclosure (and sometimes that can be extended).
  • If you don’t pay during the payment period, a judgment will be entered and the lender can request the sale of your property – usually through an auction.
  • Once the property is sold, the sheriff serves an eviction notice and forces you to immediately vacate the property.

Under Power of Sale (or Non Judicial Foreclosure):

  • The mortgage lender serves you with papers demanding payment, and the courts are not required – although the process may be subject to judicial review.
  • After the established waiting period has elapsed, a deed of trust is drawn up and control of your property is transferred to a trustee.
  • The trustee can then sell your property for the lender at a public auction (notice must be given).

Anyone who has an interest in the property must be notified during either type of foreclosure.

For example, any contractors or banks with liens against a foreclosed property are entitled to collect from the proceedings of an auction.

What Happens After A Foreclosure Auction?

After a foreclosure is complete, the loan amount is paid off with the sale proceeds.

Sometimes, if the sale of the property at auction isn’t enough to pay off the loan, a deficiency judgment can be issued against the borrower.

A deficiency judgement is where the bank gets a judgement against you, the borrower, for the remaining funds owed to the bank on the loan amount after the foreclosure sale.

Foreclosure Auction

Some states limit the amount owed in a deficiency judgment to the fair value of the property at the time of sale, while other states will allow the full loan amount to be assessed against the borrower.

Here’s a great resource that lists the state by state deficiency judgement laws, since every state is different.

Generally, it’s best to avoid a foreclosure auction. Instead, call up the bank, or work with a reputable real estate firm like us at Fast Cash House Buyers, LLC in Louisville, KY (502) 631-9392 to help you negotiate discounts off the amount owed to avoid having to carry out a foreclosure.

Experienced investors can help you by negotiating directly with banks to lower the amount you owe in a sale – or even eliminate it, even if your home is worth less than you owe.

If you need to sell a property near Louisville, we can help you.

We buy houses in Louisville Kentucky like yours from people who need to sell fast.

Give us a call anytime (502) 631-9392 or
fill out the form on this website today! >>

 

Other Foreclosure Resources For Louisville Kentucky HomeOwners:

 

Photo by peternamara1

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Can I Sell My Louisville House In Foreclosure?

 

Can I sell my Louisville house in foreclosure

Can I Sell My Louisville House In Foreclosure?

Do you have a Louisville Kentucky house that’s in foreclosure right now? Many people going through the Kentucky foreclosure process want to get out from under that burdensome house and wonder if they can sell the house in foreclosure. The short answer: Yes.

The long answer: it’s a little more complicated, but usually you can sell your property prior to foreclosure. Generally, the sooner you start, the better.

Selling Your Louisville House In Foreclosure – How it works

There are a lot of folks in Louisville who have faced foreclosure in the past few years. Since the changes in the economy, a lot of banks have been shifting the way that they deal with foreclosures.

Remember, the bank that carries your mortgage doesn’t want to see your home abandoned or auctioned. The bank stands to make the most amount of money by helping you to avoid foreclosure by selling your property. However, dealing with banks during any part of the foreclosure process can be a huge pain. Over many years of working with banks to help stop the foreclosure process, we’ve learned a few tricks that will help you.

Working With Banks During The Foreclosure Process

  1. Bank Foreclosure ProcessAlways over-communicate with the bank (but don’t be annoying). Call with updates and show them what you’re doing to get your property sold.
  2. Don’t miss deadlines. If anything will be late, call with advance notice.
  3. Remember that bankers are people too. Don’t be overly dramatic, but explaining your situation and demonstrating your willingness to fix the problems to make it right goes a long way.
  4. Start keeping careful records of every conversation you have with the bank. Nothing counts unless it is in writing. Make sure to keep track of each person you speak with, what they said, and any promises made.
  5. Explore all your options, including short sale, loan modifications, and bankruptcy. Depending on the details of your personal situation, you may be able to dramatically slow down the foreclosure process with enough effort. Each bank has its own policies to help borrowers avoid foreclosure.
  6. Don’t wait. Unfortunately, time is not on your side. The further behind you become on payments, the less options are available to you.

If you’re looking to sell your Louisville house in foreclosure fast, call us now.

We specialize in helping homeowners in situations including foreclosure around Louisville and the whole state of Kentucky get out of difficult situations and avoid foreclosure. In certain circumstances we can negotiate directly with the bank to reduce the amount you owe and (sometimes) even help you walk away from your property with cash.

If you need to sell a property near Louisville, we can help you. 

We buy properties like yours from people who need to sell fast.

Give us a call at (502) 631-9392 anytime
or fill out the form over here today! >>

 

Photo by Jay Tomic Bobas

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How Do I Sell My House Without an Agent in Louisville?

Sell My House Without an Agent in Louisville.

Sell My House Without an Agent in Louisville.

How do I sell my house without an agent in Louisville?  If you’re looking to sell your house in Louisville or Investment properties without using a real estate agent, we can help.

Although we do cooperate with brokers, sometimes it’s best to avoid paying someone to be in the middle.

After all, paying 5-6% of the sale of a property in a commission is a lot of money. In certain situations, Kentucky brokers and real estate agents can be very useful and earn their commission. Not always.

There’s a few ways to avoid paying high commissions in your Kentucky sale.

First, there’s a tricky custom that you’ve gotta know about.

In most sales in Louisville, roughly half of the commission you pay as the seller goes to pay for the buyer’s broker.

Doesn’t make much sense, right?

Why should you pay for the agent on the other side of the table?

Truthfully, it defies logic – it’s just what’s typically done.

You can use that to your advantage in a few ways.

First, factor in the commissions paid when you’re looking at the comparable sales. If the properties similar to yours sold for prices that included commissions, take that into account.

Don’t underprice your property – be aware that a savvy buyer may expect to take a discount too. If you’re doing the work of one agent, you can expect to save that money.

Sometimes in Louisville buyers who aren’t represented by an agent won’t remember to negotiate the buyer’s side commission out of the price for themselves, so don’t remind them if you don’t want to pay them. Just don’t be surprised if it comes up during the negotiation.

You may want to consider offering 2.5% to buyer’s agents who will bring their clients to show your property. Sure, it’s a lot of money. If you’re pricing your property including that commission, you can always negotiate a better deal for a purchaser who comes without an agent.

On the other hand, if you don’t leave room for the buyer’s agent’s commission, you’ll be excluding most of the buyers in the market in Louisville.

Over 90% of transactions happen through the MLS – that’s the Multiple Listing Service. It’s the main database that all the brokers in Louisville use to access information for their clients on the houses, condos, land and investment properties for sale, along with data on the sold prices.

Once upon a time, you had to pay a full commission to get your property on the MLS. Now in Louisville, there are a few brokers who will charge you a fee just to list your property on the MLS. Often, you spend a few hundred bucks and you only pay commission if the sale closes.

Compared to the cost of a newspaper ad, the MLS is a cheap way to market your property to a very wide audience.

All the major real estate search sites like Realtor.com, Zillow, Yahoo Homes, etc. get data from the MLS. Chances are good that when you submit your listing in Louisville to the MLS, information on your property will end up on most of the major sites within a few days.

Each of those sites sells ads. They’ve got packages that let you pay to enhance your listing, feature it at the top of the search, and a lot of other bells and whistles that might or might not get an interested buyer to buy your property.

Advertising is a gamble. Sometimes open houses in Louisville Kentucky can be a great way to sell property, and sometimes they’re a waste of time. Same with newspaper ads, craigslist postings, fancy signs – sometimes they work, and sometimes they don’t.

For Sale by Owner

We close fast and pay cash in as little as just 3-5 days. Give us a call now at (502) 631-9392.

 

To effectively sell your property on your own, you have to market it well.

Putting up fliers and signs around your neighborhood can generate some calls, and there’s a lot of free websites where you can post information. But often just putting up flyers and an open house isn’t enough if your house doesn’t appeal to the average home buyer.

In theory, real estate agents charge big commissions because they have to spend a lot of money up front to advertise your property. By advertising lots of properties at once, they expect to get more phone calls – and obviously, they’ll make good profits by selling lots of houses.

Certain properties might require thousands of dollars in advertising expenses before the right buyer happens to see the ad and call.

If you want to avoid paying any commissions, you can also sell your house to investors like us for CASH

We offer fair prices for properties – and we can close fast (in as little as 3-5 days if you need to).

Sometimes we’ll purchase Louisville houses, fix them up, then rent them out… sometimes we’ll fix them up and sell them to other people looking for great homes in the area, and a lot of other reasons, too – but we love to hear from people like you who are thinking of selling anywhere in Kentucky.

We’re investors who care a lot about Louisville.

We close fast and pay cash in as little as just 3-5 days.  Give us a call now at (502) 631-9392 or fill out the short form over here.

Sell Your Louisville House Fast – Get A Cash Offer Today

 

Photo by Zach Anderson

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