Are you ready to sell your house right now? Listing with a real estate agent who places the house on the MLS is not always the best answer to sell your Orange County house. Often burdened with hurdles that prevent them from moving forward with the traditional listing process, homeowners must seek other options to sell their property.
For some, serious repairs are looming, and they have no interest in living in the home while the work is in progress. For other sellers, the issue in making necessary repairs or in even prepping for showings could be financial. Showings, which many homeowners would prefer to forego, tend to create stress because of the pressures to keep everything perfect when a home is listed, being at the ready for stranger after stranger to wander through.
Perhaps you are under a severe time crunch and simply do not have the time to wait for the right buyer to come along. With a traditional listing on the Orange County market, there is no guaranteed closing date, causing many restless nights for Orange County sellers worrying about when their buyer will appear because
Whatever problems you may be facing in selling your home, a direct sale can get you over the hurdle. We will outline how to sell your house in Orange County in 4 simple steps.
Reach out. The professional buyers at Pellego will stop and listen. We understand through years of experience that a multitude of reasons exist for selling a home and how they can affect you personally and financially. Our goal is to help you solve your troubles as quickly as possible while helping you select the best method to sell your Orange County house.
When you work with Pellego, we take the time to help you learn about your options to sell your house and how much you have to gain or potentially lose with each. Because we buy as-is, working with the experienced professionals at Pellego means you will not have to pay for any repairs, no touch-up paint is necessary, and you do not even need to clean. And you won’t have the expenses of marketing coming out of your profits. We will lay out the numbers in full detail on how much you would earn if you sold your home with a traditional listing or selling through a direct sale of your Orange County house to Pellego.
The next step is getting an offer from Pellego that you agree is fair. There will be no surprises at closing either, professional buyers do not charge commissions, and there are no hidden fees taken off the top at the closing. With the buying power of cash, Pellego eliminates the uncertainty and rampant delays of financing approval for the buyers, inspections, and other complications that go along with conventional listings. You no longer need to worry about how long you will wait or the cost of holding onto the property month after month until it sells.
And the final step is to sell to Pellego in just a few days. Pellego makes it easy. We handle everything from start to finish with our in-house team. Working on your time frame for closing is no problem because we are not moving into the property. We have the flexibility to set the closing date at your convenience; just take what you want, when you want, and leave the rest to Pellego.
At Pellego, we are happy to help you with any questions you have or concerns about the process with absolutely no obligation. Send us a message or call Pellego at (949) 625-4533.
Unlike a private home, selling your multi-family property involves several people, depending on the number of units. Sellers must put a great deal of consideration into the transaction to ensure they aren't crossing any legal lines regarding the laws, rules, and regulations of Orange County by which multi-family property owners must abide. Failure to do so can be extremely costly.
We will cover five tips for selling your multi-family property in Orange County
When you set about selling your multi-family property in Orange County, the first thing you need to do is open all of the leases and do a thorough review, ensuring that you're considering all of your tenants’ rights. Additionally, buyers will request access to your tenant files, so you'll want to be doubly sure everything is in order. Some buyers wish to occupy one of the units, so they may move on to another property if your leases are all solid.
To compete on the market when you're selling your multi-family property in Orange County, you must present the property in the best light possible. Take a snapshot of the property. Looking at the photo may help you focus on the curb appeal or lack thereof that a buyer would note as they scroll through listings. You’ll want to trim lawn and shrubbery, paint the building more appealing, and be sure any signage is attractive and the parking lot, amenities, or equipment is well maintained. Pay attention to door locks as well. Fumbling with a key won’t make a good impression.
You risk turning off a buyer if your documents aren't ready for review and in good order when selling your multi-family property in Orange County. Your bookkeeping records must be up to date. Your yearly net operating expenses will be of much interest, outlining all costs associated with the property, as well as the income from the rentals. This report provides buyers the ability to compare your properties with others quickly and if it is worth delving further into the transaction. Provide any paperwork that reveals regular maintenance, repairs, and any warranties that may still be valid, which hold value to the buyer. You’ll also want to include documents showing the roof’s age and the major systems, such as heat or air, and the appliances in the units.
It is wise to have an inspection completed before selling your multi-family property in Orange County. Finding surprise problems ahead of selling is best. Knowing the issues that exist will allow you to decide how best to resolve them before entering into negotiations. Should the buyer remain at the negotiating table upon reviewing the inspection, now considering your property as a fixer-upper, they will likely make an insultingly low offer. It is more likely your buyer isn't interested in rehabbing a multi-family property and will walk away if their inspection should reveal a problem that the seller didn't bring to their attention previously.
Sell directly to Pellego - we buy whether or not you have tenants! At Pellego, we purchase properties as-is for cash, so closing is fast. There’s no need to worry about sprucing the place up, or completing repairs, or paying holding costs while the property lingers on the market. The professional buyers at Pellego will go over the numbers with you, making sure you agree that our offer is fair. We will also present to you what you would realize if you were to list your property on the MLS so that you can compare all options. Working with Pellego makes selling your multi-family property in Orange County easy! Call Pellego at (949) 625-4533 or send us a message today.
Have you ever considered using a rent to own agreement to sell your house in Orange County? The real estate market is in a period of transition as more people are working from home, and homeschooling is on the rise. Many would-be buyers are also transitioning their credit standing to prepare for homeownership in Orange County, as they are not yet in a position to qualify for conventional financing. You can either create this agreement as an option, where they can walk away voluntarily at the end of the term or as an agreement that would bring legal action for default. Or, you could have an option for an extension if the buyers are not quite ready to buy at the end of the original term.
Failure on the part of the buyers to gain approval for a conventional loan at the end of the two or three-year period set out in the rent-to-own agreement means that the home defaults back to you. You’ll then have the option to rent or resale the property while keeping the deposit and any extra rent fees in the agreement added to the monthly rent as credit towards the down payment.
Because you are in the driver’s seat, you can set the terms for maintenance, repairs and who pays homeowners insurance, and even the taxes in the contract terms. Read on to learn more about how to set up a rent-to-own agreement that will help sell your Orange County house for the highest price possible
Sellers are taking a risk in working with buyers with less than perfect credit. You also risk home values jumping far beyond current expectations. Because you are offering a benefit that is otherwise unattainable to these buyers, you can set the asking price at the potential value the property could have in the future as your sales price now. On the other hand, you'll come out ahead if home values drop because the sales price is predetermined. Because there is far higher demand than supply of homes available through a rent-to-own deal, providing this opportunity will help sell your Orange County house to eager buyers for the highest price possible.
The typical younger rental pool that would typically seek temporary housing solutions is now turning its eyes towards a more permanent residence, desiring the benefits of homeownership. When sellers offer setting up a rent-to-own agreement, this opens the door to more potential buyers. These buyers understand all too well the chance that they have been provided and are highly motivated towards a successful outcome to the agreement. These factors combine to bring added value, which helps you sell your Orange County house for the highest price possible.
While some risks are involved in working with buyers who are repairing credit, there is no need to take needless risks. Therefore, you should consider using an experienced real estate lawyer to review your rent-to-own agreement. Avoiding legal conflicts over a poorly constructed contract benefits both parties, the seller and the buyer. Ensuring both parties have legal protections and disputes will likely be avoided is helpful when you sell your Orange County house with a rent-to-own agreement for the highest price possible.
Pellego makes it easy! At Pellego, our process is simple and straightforward! We make it easy and fast, working with experts from every walk of the real estate industry. Our team at Pellego can help guide you through setting up a rent-to-own agreement. Our goal at Pellego is to help you sell your Orange County house for the highest price possible. The professionals at Pellego are happy to answer any questions or concerns you may have about rent-to-own agreements with no obligation. Send us a message or call Pellego at (949) 625-4533.
Do you need to sell your house in Orange County? For homes that need updates, remodeling, or total rehabbing, standard real estate sales listings are not necessarily the best option to sell for a fair price. Some homeowners are not financially or physically able to carry out the necessary work to compete on the Orange County market.
Others are unwilling to go through listing, showings, and dealing with negotiations, preferring not to spend a great deal of time waiting for the sale or spending cash out of pocket to help buyers qualify for their mortgage loans.
Selling the home as-is makes a great solution. We will explore five reasons to sell your house as-is in Orange County.
Saving money on preparing the home for showings and marketing costs is a great reason to sell your house as-is in Orange County to an experienced professional buyer like those at Pellego. You won’t have to concern yourself with any cosmetic fixes, such as painting or modernizing appliances or the interior. Listing homes in disrepair on the traditional market often leads to extremely lowball offers from bargain hunters, who want discounts for whatever work they need to complete.
Saving time is a motivating reason to sell your house as-is in Orange County to a direct buyer, like Pellego, especially if you face foreclosure or other financial issues. For sellers who have had to relocate while their home is on the market, selling the home as-is can resolve the problem of time pressures of traveling back and forth between the properties.
When you work with a direct buyer like Pellego, you can stop worrying about making repairs which is another reason to sell your house as-is in Orange County. What unknown problems the inspection might reveal won’t be keeping you up at night anymore. You can also skip the nightmare of living in a construction zone while repairs drag on.
Saving the commission that real estate agents take from the profits at closing is an excellent reason to sell your house as-is in Orange County to an experienced professional buyer like those at Pellego. With a direct sale, there are no hidden fees or expensive surprises waiting for you at the closing, either. The amount offered is what you will receive in cash through a direct sale.
Often, buyers insist on contingencies, even with as-is properties, that will allow them to back out of deals upon learning of serious problems found during the inspection. One reason to sell your house as-is in Orange County to a direct buyer like Pellego is that you will have a guaranteed closing date. Direct buyers completely understand what is involved with buying a home in as-is condition and are willing to take on the risks.
Bearing the costs of two homes is a motivating reason to sell your house as-is in Orange County an experienced professional buyer like those at Pellego. Sadly, if you have relocated, you are all too familiar with the expenses of maintaining the new residence along with the home for sale is stressful, not to mention the costs of traveling or paying a caretaker.
A direct sale to Pellego means the deal won't fall through! We buy homes as-is and can close fast at Pellego because we are cash buyers! Just set the closing date that works best for you and leave everything else behind. You don’t even need to clean. Pellego will make an offer you agree is fair for your home. We make the process easy, which is the best reason to sell your house as-is in Orange County. Send us a message or call Pellego at (949) 625-4533 to learn more!
Do you need to sell your house in Orange County? When most people consider selling their home, they immediately picture calling a real estate agent and listing their home on the MLS. However, this is not always the most beneficial way for you to sell your home.
There are many factors to consider, such as how much time you have available to realize your asking price on the market and if your home fits the preferences that buyers seek in homes today. If not, you also need to consider everything it will take to get your Orange County home ready to put on the market.
We'll discuss four unconventional ways to sell your house in Orange County
Owner financing is a lucrative yet unconventional way to sell your house in Orange County. This method of home sales opens your property up to an entirely different pool of buyers with less than perfect credit who are willing to pay a higher price for the ability to enjoy homeownership while getting their creditworthiness in order. You have the driver’s seat in this deal, setting a higher sales price for providing the opportunity and taking the risk that the market rises higher, and they are buying at a great price when the option expires in two or three years. You also carry risks. If the buyers fail to gain financing, you’ll be dealing with legal battles while still paying the mortgage payments.
Renting the home with a contract for an option to buy at the end of a given period, typically two years is a very creative, unconventional way to sell your house in Orange County. Sellers can charge a more significant upfront deposit towards the downpayment and add more to the rent as credit towards building a larger down payment over time. Again, you can set a premium on the final sales price as well with this method. Because the renters can leave at the end of the contract, they may damage the home or fail to take proper steps for preventative maintenance. Before you sell your home again, the house may be facing severe repair bills.
One more unconventional way for you to sell your house in Orange County is an FSBO listing or for sale by owner. This home sales method is attractive to homeowners who seek to avoid paying high real estate commissions. Regrettably, only about 10 percent of FSBO sellers are successful and have wasted valuable time with their property lingering on the Orange County market. Often this is because of inexperience with marketing real estate and dealing with the negotiations without injecting personal emotions. Homes that have been on the market for a long time rarely sell at current market values.
Direct sales to a company like Pellego are an additional unconventional way to sell your house in Orange County, with which most homeowners are unfamiliar. Professional buyers have the power of cash backing them, meaning that closing is only mere days or weeks away. A professional buyer will take the time to listen to your needs and will even compare what you would likely receive from a conventional sale with a real estate agent so that you can compare your options. With none of the hoops of listing to jump through, no showings, and no inspections to pass, a direct sale means your house will sell as-is. A professional buyer like those at Pellego handles everything for you. You don’t even have to clean before you leave. You can even pick the closing date.
The best unconventional way to sell your house in Orange County is to sell directly to Pellego! Call Pellego at (949) 625-4533 or send us a message today!
Did you know that you must pay taxes on the profit from the sale of your home or investment property? Considering the highly high toll taxes can take from profits, this is one surprise it is better to avoid when you have made such a considerable investment of time and money. When the value of an investment in capital assets, such as real estate, experiences growth and subsequently sold, there is a tax on the capital gain at that time. When the acquisition sells, the capital gains are said to be realized by the investor.
The IRS approaches taxes on these gains in differing ways, depending on whether the investor held the assets, either short or long term. Investors can deduct your cost basis or original purchase price to determine the capital gains. You can subtract the cost basis and any costs of improvements from the profit from the capital gains.
Planning your investments, from acquisition to resale, should be completed before you ever close on your first real estate investment. A significant part of this overall business plan should include avoiding capital gains taxes when it is time to exit a property. We will explore more about what Orange County home sellers need to know about capital gains taxes.
These taxes are capped at a specific limit to restrict the growth of government revenue. Orange County home sellers need to understand how these rate limits on capital gains taxes will affect their investment. A capital gain rate of 15% will apply should your taxable income be at least $80,000 but less than $441,450 for single filers, $496,600 for married filing jointly or qualifying widow(er), $469,050 if you plan to file as head of household, and $248,3000 if you are married filing separately. A rate of 20% will apply to any gain over the top threshold of the 15% rate, with some exceptions. Individuals with significant income may be subject to a Net Investment Income Tax (NIIT). If your capital gains are in the red because of capital losses, the amount of excess loss you can claim is limited as well.
In many cases, there is an exclusion available every two years for Orange County home sellers on capital gains taxes of up to $500,000 over cost basis for married couples filing jointly for single investors. The exclusion is $250,000 over cost basis. One of the qualifying requirements for this exclusion is that the real estate will have been lived in for a total of two of the last five years as your primary residence, though they need not be consecutive.
You may be required to make estimated payments on your capital gains. It is wise to consult with a tax advisor to ensure you are making the right moves for your investments. Deferrals of capital gains are allowed under a 1031 exchange of like properties. There are strategies that you can put into place to offset these taxes with capital losses. Ensuring you have covered all of your bases means it is essential to have built a strong team of professionals to help guide you because you want to keep as much of your money as possible.
Pellego understands just what Orange County home sellers need to know about capital gains taxes and what you can do to avoid them - sell to Pellego or buy a "like-kind" investment from our inventory of great investment properties! At Pellego, we make it easy to keep your hard-earned investment profits at work, earning wealth and long-term passive income for you! Call Pellego at (949) 625-4533 or send us a message today!
The decision to sell your home is a big one. Now that you’re ready to sell, you must consider the method you select to sell your home. While most homeowners first thought is to call a licensed real estate agent, why not consider the alternative of selling to a professional investor, like those at Pellego.
Real estate all comes down to the numbers, so it is helpful to understand the differences in the costs between selling your Orange County house with an agent versus to an investor.
Marketing expenses for selling your Orange County house with an agent are part of the listing contract. They outline all of the steps that the agent will take towards selling the home, which can vary significantly by property.
Listing costs will include anything you must do to prepare to sell your Orange County house with an agent. These listing costs could consist of simple cleaning so that it is in ready condition for showings, to significant updates to the home’s interior, appliances, or more. Often, an agent will recommend sellers invest in renovations modernizing the features of a home to meet the demands of technology. Other amenities they may suggest space for two home offices or even the addition of a study area for school-aged children.
Repairs for any issues with the house will come out of pocket before closing. If the inspection revealed problems with your home that you were previously unaware of, you would also have to pay to complete these repairs. Otherwise, the lender will not approve the loan in many cases. Alternatively, you can expect the buyers to respond with their estimated costs for these repairs deducted from the offer. Avoiding this surprise can be achieved by hiring an inspector.
Staging expenses cover the cost to depersonalize the space, which enhances selling your Orange County house with an agent. Buyers who tour the home can easily imagine themselves occupying a home free of personal items or showing a distinct personal taste in decor. You may also encounter storage costs to clear your home of excess belongings.
Advertising expenses should be discussed and agreed to before signing the contract when selling your Orange County house with an agent. These costs include professional photography for the high-quality images buyers have come to expect as they search listings online and professional drone pilots to provide 360-degree virtual tours.
Commissions are paid for professional services provided, including marketing, paperwork, arranging for inspections, appraisals, and doing all of the footwork to bring a buyer to the door and finally the closing table when selling your Orange County house with an agent. You can expect to pay a total of around 6 percent of the sales price in commission.
Holding costs for the duration you have listed your Orange County house with an agent can quickly add up, especially if you have had to relocate. Suppose your reasons for selling are financial. In that case, the longer that the listing lingers on the market, the more monthly payments for the mortgage, insurance, and taxes, and all of the utilities you will continue to carry. The strain of this situation can cause restless nights and extreme stress for your entire family.
An investor has none of these expenses! And because investors pay cash and buy your house as-is in most cases, you can close fast, sometimes in a matter of days!
With little closing time to worry about, it is easy to see how selling your Orange County house to an investor like the professionals at Pellego saves you time and money! Ready to sell your Orange County house? Call Pellego at (949) 625-4533 or send us a message today!
Owner financing available! You may have seen this advertised, but what does it mean. While you still hold ownership, you can sell your property through owner financing and gain a great deal of profit on your investment. There is commonly a time limit on the loan to allow the buyers time to straighten out their credit issues over a two or three-year period. Should your buyer default, they would have to relinquish their rights to the home. Sellers can make several creative financing arrangements to suit the needs of the buyers, as well as your own. It is advisable to seek legal counsel to ensure that the contract protects both yourself and the buyer in the transaction.
While you may be financing the entire loan for some buyers, others may find they qualify for a conventional mortgage but still fall short of the required downpayment to get into your property. Therefore you could finance only a portion of the transaction. To learn more about providing this opportunity to buyers, we will discuss five benefits of using owner financing to sell your house in Orange County.
One of the benefits of using owner financing to sell your house in Orange County is that you are sure to get your asking price as if you set it in stone. You hold the advantage. The borrowers are willing to pay extra for the opportunity to enjoy the benefits that homeownership brings. If housing prices drop, you benefit from selling at a profit and gain the interest earned during the life of the loan. If housing prices rise, the buyer may achieve an increase in equity when they refinance the property.
The monthly payments towards interest on the loan will add cash monthly to your regular income, which is an attractive benefit of using owner financing to sell your house in Orange County. And the return on your investment is typically higher than with most fixed-income investments. As the downpayment is negotiable, you’ll receive an extra cash boost when the buyers close. You can even negotiate periodic payments to help the buyers meet your demand for the downpayment of up to 20 percent or more over time.
One of the benefits of using owner financing to sell your house in Orange County is that you can skip all of the red tape associated with traditional mortgages. This speedy process means your home will sell and close fast, which is a plus to buyers who are excited to make a move from renting to homeownership right now. The ability to close in 30 days or less may even make your home stand out among many to a buyer with an urgent need to move.
By offering seller financing, you open the ability to purchase to a whole new market. Having more potential buyers for your property is an excellent benefit of using owner financing to sell your home in Orange County. As buyers are entering the market, all too many may now find themselves with less than perfect credit. This status prevents them from financing a new home through conventional lenders as they are unable to meet the stringent qualifications for loan approval. This underserved sector of potential homebuyers is where you can step in as a home seller and offer a beneficial solution to you and the buyer.
Pellego fully understands the benefits of using owner financing to sell your house in Orange County. If you would like to learn more, Pellego is happy to answer any questions or concerns you may have, with absolutely no obligation. Call Pellego at (949) 625-4533 or send us a message today!
Ready to find out what the numbers add up to for you? When you are reckoning the numbers on the best way to sell your house, it is essential to understand everything. So that you can rely on the results, you’ll need to know how to properly run the numbers when selling your house in Orange County
While your house is on the market, the monthly utilities and other expenses such as mortgage payments, insurance, maintenance, and repairs continue to roll in. Take into account these holding costs when you run the numbers when selling your house in Orange County.
Working with a real estate agent means that you need to include the monthly expenses and costs of holding the property for at least the average time their listings are on the Orange County MLS.
Working with a professional investor who understands time is costing you money means you won’t be waiting long. They have cash in hand and can guarantee a very speedy closing, many in a matter of days.
Unless your house is brand new, it is highly likely that you are facing repairs, even if you don’t know about them yet. A professional inspector may find nasty and expensive issues during an inspection, and this is another reason you should know how to run the numbers when selling your house in Orange County.
Working with a real estate agent means either making the repairs before the sale is closed or facing deductions for buyers’ repairs. Most homes that need work when listed on the Orange County real estate market typically receive insultingly low offers.
Working with a professional investor means that everything will be laid out clearly from the start, including a deduction for any repairs they will be making because they will be buying the home as-is.
It is crucial to understand how much you will pay in commissions and other fees when you run the numbers, so you know exactly how much money to expect at closing when selling your house in Orange County.
Working with a real estate agent typically means you will be paying around six percent of the total sales price in commissions. Of course, there will likely be other professional fees and expenses coming out of your pocket before the sale, such as closing costs and the like.
Working with a professional investor means that you skip all of the red tape, commissions, and fees. Remember to add these figures into your numbers when considering the offer.
Will listing your home be worth it? There is only one way to find out how all of the determining factors add up. You need to have all of the data plugged in to get the correct answer when you run the numbers when selling your house in Orange County
Working with a real estate agent may gain you much more profit, given your home’s condition and the time and finances you have available.
Working with a professional investor means no waiting, no guessing about what the inspector will find. A bonus is that you don’t have to concern yourself with the headaches and all the expenses of getting ready for showings.
Choose what's best for you! The professional hybrid agent investors at Pellego can offer you BOTH options. At Pellego, we will run the numbers and go through everything in detail. Our goal at Pellego is to inform you of every step of the process with complete transparency. Pellego our job is to make sure you feel confident in your decision when selling your house in Orange County. Contact Pellego at (949) 625-4533 today!
No matter why you need to sell your home, whether you can not afford to make the repairs any longer or you are ready for a change, at Pellego, solving your problems is our focus. Because our homes are usually one of the most significant investments we make in life, the method of selling your house is critical. The professionals at Pellego listen very carefully to you because we understand how important it is to feel confident you made the right choice about such a significant decision. Read on to learn five of the reasons you should sell your house to Pellego in Orange County.
If time is not on your side right now, Pellego has a solution for you. Once you have decided to sell, why wait, you should sell your house to Pellego in Orange County and close fast. Working with Pellego means working with an entire team on your side from every walk of the real estate industry. Every professional needed for the process is available in-house, allowing Pellego to skip all of the time spent scheduling for inspections and appraisals and all of the other long, drawn-out and complicated procedures of a typical real estate transaction.
You should also sell your house to Pellego in Orange County because there is absolutely no cost to you. Unlike working with a traditional real estate agent, at Pellego, there are no commissions deducted from the sales price. There is no need to prep to worry about when you work with Pellego because you avoid the costly and uncomfortable showing process. Pellego buys houses in as-is condition, so you do not need to worry about replacing appliances or making expensive repairs.
While homes sit on the traditional real estate market, the monthly bills, mortgage, and insurance do not stop showing up in your mail. You should sell your house to Pellego in Orange County because all of the expenses tied to owning the property will cease. Due to the speed at which Pellego can complete the transaction and close, your guaranteed closing is usually in a matter of days or weeks, saving you thousands of dollars.
While not much in life is fair, you should sell your house to Pellego in Orange County because we take the time to make sure you are in complete agreement that our offer is fair in our straightforward contract. By working with Pellego, you will know just how we reached the offer because our policy is transparency at Pellego about the whole deal, including every number figured into the offer. If financial problems are crushing you, Pellego can step in and give you the resolution, you will feel good about working with us.
One more reason you should sell your house to Pellego in Orange County is that we back our word with the freedom and power of cash. Because our system has bypassed the conventional lender, we are free to move into action promptly when you decide that it is time to sell your home. Have you spent sleepless nights wondering how long your home will linger on the market before you escape your financial burdens? The power of cash means no more restless nights. In a short time, you will be walking away from closing with cash in your hand.
There are many more reasons you should sell your house to Pellego in Orange County. Pellego welcomes you to ask any questions or share your concerns with us about your property, with no obligation. Pellego makes it easy to sell your house in Orange County. Ready to learn more? Contact Pellego at (949) 625-4533 today.
