We are still busy Buying Houses here in San Diego and helping homeowners find solutions to their Real Estate problems. It’s been a busy Summer but we are still looking to buy more houses!
Last month we bought this Paradise Hills house directly from the sellers who were retired veterans and had got a couple months behind on their mortgage payments. They didn’t want to work with realtors because most of their equity would have been spent on the realtor commissions. Their lender Green Tree, wouldn’t cooperate with a loan modification and refinancing of their VA loan was out of the question because there were major repairs that needed to be made to the property, namely an empty swimming pool in the backyard which needed to be filled in.
After visiting the house we made them a cash offer and immediately contacted their lender for a payoff amount so the harassing phone calls stopped. To help the elderly sellers we even advanced some funds before the sale closed so they could rent a suitable house. They will walk away with over $25,000 cash in their pocket and be saved of having a foreclosure on their credit. We love helping people and make sure its a win-win for both parties.
I bought this house in Clairemont this month after the seller, who is the executor of a family trust, contacted me and wanted to liquidate the asset so the beneficiaries could cash out. The challenging issue with this deal was that the home needed extensive repairs so a lender would likely not lend on it.
We made the sellers a cash offer and agreed to take the house in its As-Is condition, we never request anyone to make repairs. We closed escrow 12 days later and the heirs to the estate received their portion of the proceeds. Another win-win situation for both parties, no other homebuyer in town would let the seller stay in the house for a year after receiving their funds!
Another purchase this month was this house on Dictionary Hill in Spring Valley. It’s a huge 3200 sf custom but needs an extensive remodel. The house had great bones, but years of deferred maintenance. The sellers had been busy with their careers and didn’t have the time to make repairs or keep up with this huge house. They didn’t want to list it with a realtor and have to clean, pay to fix everything, and then hassle with all the showings so they called us.
Out of their equity they would have also paid $15,000 in Realtor fees which was a big portion of their equity they needed to put down on their new house. Here is how fast we work; after getting the call on a Friday, I visited the home Saturday morning and made an offer. By Monday we agreed on a sale price and opened escrow. 5 days later the deal closed and they got their check! The sellers had accumulated a lot of little stuff in the house that would have been time consuming and costly to haul out, so they were happy that we didn’t require them to haul it off or clean anything on the way out.
If you want to Sell a San Diego House Fast, give us a call and we will work around your specific situation to try and structure a deal that works for both parties. More information about the homebuying process and how we arrive at an offer price can be found at the following link: