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Private Lender for DSCR Loans and Fix & Flip Loans | OfferMarket

Private Lender for DSCR Loans and Fix & Flip Loans

Learn how to sell your house fast without a real estate agent by making buyers compete and using technology.

How to sell your house fast without an agent

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How to sell your house fast without an agent - OfferMarket

If you sell your house to an iBuyer, you'll sell your house fast, but you'll walk away from the transaction with considerably less net proceeds than you would in a competitive process.

 

If you sell your house to a [fix and flip](https://offermarket.us/real-estate-glossary/fix-and-flip) investor off-market without entertaining offers from other prospective buyers, you'll walk away from the transaction with a lot less than you would have in a competitive process. 

 

OfferMarket is a real estate marketplace that eliminates transaction fees and creates competition among buyers. We create a win-win where a portion of the seller's savings are passed on to the buyer.

 

| Comparison 	| OfferMarket 	| Traditional Agent 	| iBuyer 	|
|:-----------:	|:-----------:	|:-----------------:	|:--------:	|
| Service fee 	| 0% 	| 5% - 6% 	| 5% - 10% 	|
| Repairs 	| 0% (as is) 	| 0% - 4% 	| 0% - 4% 	|
| Competition 	| High 	| High 	| Low 	|
| Convenience 	| High 	| Low 	| High 	|

 

*The costs associated with traditional home sales ranges from 6% to 15%.*

 

When you sell your house you want to avoid expensive fees (commissions, repairs), you want to make buyers compete, and you want to close fast without any delays or headaches. That's exactly what OfferMarket provides. OfferMarket is an agentless real estate marketplace where sellers list for free and don't pay any commissions or service fees. OfferMarket is better than for sale by owner (FSBO) because we make buyers compete, screen all buyer inquiries, manage the contract paperwork, and coordinate the title work.

 

## To sell your home fast and competitively

 

1. avoid expensive, unnecessary fees
2. make buyers compete

 

## [Create your free listing on OfferMarket](https://www.offermarket.us/sell?ref=blog-how-to-sell-your-house-fast-and-competitively)

Building a buyers list is a critical component of real estate wholesaling. Some argue it’s the most important component, we disagree. Learn how to build a buyers list and why seller development is more important.

Real Estate Wholesaling: How To Build A Buyers List - OfferMarket

Building a buyers list is a critical component of real estate wholesaling. Some argue it’s the most important component, we disagree. In this article, you will learn how to build a buyer's list and why seller development is actually more important if you want to be a successful real estate wholesaler.

 

## What is a buyers list?

 

A buyers list is a list of buyers to whom wholesalers market their deals. In traditional wholesaling, this is a [cash buyers](https://www.neighborwho.com/buying/what-is-a-cash-buyer-in-property/) list, as the buyers on the list are able to close fast using cash in as-is condition.

 

## How do I build a buyers list?

 

Building a buyers list is not difficult but it can be incredibly time consuming. Here is the playbook to successfully build your buyers list:

 

## 1. Implement a system for organization

 

Create a spreadsheet with the following columns:

 

- First Name
- Last Name
- Email
- Phone

 

<iframe src="https://docs.google.com/spreadsheets/d/e/2PACX-1vTgV7hCenyy2GdSZ1mN9DJPJy9K9RNRWPrCbcNqZyzx4ssarqbCQOWcUK7UOfmPh0fVeLJU6WgLkJN7/pubhtml?gid=923738256&amp;single=true&amp;widget=true&amp;headers=false"></iframe>

 
 

This living, breathing document is important and valuable. Keep it updated as if your livelihood depends on it. We'll add more columns in the steps below. Contrary to popular belief, you don't need a customer relationship management system (CRM).

 

## 2. Identify buyers

 

Sources of buyers:

 

Facebook Groups: There is probably a real estate investors Facebook Group in your market. If there is not, stop what you're doing right now and create one. In these groups, other wholesalers will post their deals and buyers will leave their email addresses in the comments section. Grab those email addresses and add them to your buyer's list spreadsheet.

 

Public records: Look at who has been buying properties in the neighborhood. You can comb through your local and state property tax records online.

 

BiggerPockets: See which members are investing in your market, read their bios and connect with them.

 

Craigslist: Post a classified in the housing sections that you're looking for [fix and flip](https://offermarket.us/real-estate-glossary/fix-and-flip) and rental property buyers. You might get a few investors looking through Craigslist for deals that reply with their contact information.

 

Referrals: Buyers develop relationships with other members of the real estate ecosystem. Title companies, real estate attorneys, agents, contractors, architects. Develop relationships with these service providers and ask for referrals to the buyers they work with.

 

## 3. Understand the acquisition criteria of each buyer

 

- Where are they buying? ZIP, County
- What are they buying? Type of real estate -- single family, multi-family, mixed use, commercial, land, [fix and flip](https://offermarket.us/real-estate-glossary/fix-and-flip), buy and hold rental
- Financing? Do they buy with cash or hard money, conventional mortgage loan, seller financing
- Max investment as % of ARV: what is the maximum they are willing to pay (purchase price + closing + rehab costs) as a % of after repair value.
- What is their target or minimum cash-on-cash return? For every dollar invested in a deal, how much [free cash flow](https://offermarket.us/real-estate-glossary/free-cash-flow) do they need in return?
- Deals per year: how many deals are they doing per year?
- Price range: what's their sweet spot for purchase price and total investment (purchase price + closing + rehab)?

 

Your buyers list spreadsheet should now look something like this:

 

![buyers-list-spreadsheet-2.png](https://cms.rentstack.co/uploads/buyers_list_spreadsheet_2_1413ff409e.png)

 

*Access and download our template: [Buyer's List (Google Sheets)](https://docs.google.com/spreadsheets/d/1gKS8OoCEfADX_WFTSBx-IMzR2Gf_KkGjH3h7oCKSDJ4/edit?usp=sharing)*

 

## 4. Provide them with relevant deals

 

Use your knowledge of your buyer's acquisition criteria to focus your seller development. If you have a buyer on your list who is buying as much as they can get their hands on, it would be wise to spend seller outreach time looking for properties you can put under contract at the terms necessary to match your buyer's criteria. Conversely, don't spend time looking for obscure deals for a buyer who only buys 1 or 2 properties per year.

 

## Focus on Seller Development

 

It doesn't make sense to spend a lot of time networking with buyers when there’s a low probability your initial inventory will be relevant to them. Sure, it helps to speak with some buyers to learn about their acquisition criteria, but don’t waste time on buyers if you don’t have inventory.

 

The most important success factor in real estate wholesaling is deal inventory. If you don’t have deals, you have nothing for your buyers. 

 

If you’re just getting started in real estate wholesaling, pour all of your effort into seller development. Your contract in hand is a forcing function to figure out your buyers list and deal distribution. Allow your deals to force you to figure out how to find buyers that would be interested in each specific deal.

 

## Understand your distribution channels

 

Once you have a contract in hand, you become a deal marketer. Great marketers master their customer acquisition channels and you need to to the same. You don't need to use all channels for every deal but you need to use the right channels to assign your deal quickly for your target assignment fee.
​
 

- Buyers List: email, SMS text message, phone call
- Facebook Groups -- join our sponsored group: [Off-Market Real Estate](https://www.facebook.com/groups/326051528838367)
- Craigslist
- OfferMarket

 

## [Post your wholesale deals for free on OfferMarket](https://www.offermarket.us/sell?ref=guide-real-estate-wholesaling-how-to-build-a-buyers-list)

Real Estate Wholesaling: How To Build A Buyers List

Learn why selling a house in AS IS condition makes financial sense. The key to selling your home fast in as-is condition is transparency and setting clear expectations. This guide will show you how to sell your house AS IS.

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Selling A House As Is - OfferMarket

## What does AS IS condition mean?

 

AS IS (or "as-is") condition means the seller of a home will not be making any repairs. As the buyer, what you see is what you get and the listing is priced accordingly. In this guide we will share best practices for selling your home as-is.

 

Selling a house as is, even when it needs major repairs, is often the smartest way to sell your house because of the trade offs of time, money and stress. There are many reasons to sell your home in as-is condition. Let's start with the reasons why selling as is can be in your best interest.

 

## Why sell my house as-is?

 

## 1. Timing

If you need to sell fast, you don't have time to repair the house. Maybe you're moving or you need to sell fast for cash to pay for unexpected expenses. Certain renovations can take weeks or months to complete. Once you've finally completed the repairs, the selling season my be over.

 

Another thing to consider is how do you price your listing? If you're spending money repairing your home, you will want to increase your list price to offset your [rehab](https://offermarket.us/real-estate-glossary/rehab) costs. The problem is that repaired houses are priced higher and can sit on the market for longer. This is especially true if your repairs were not completed cost effectively. If your home was worth $200,000 and you spent $25,000 on repairs, will your home be worth $225,000, $250,000, or only $210,000? That all depends on how selectively and cost effectively you were able to conduct your renovation.

 

## 2. Money
 
If you don't have the money laying around to conduct even minor repairs to your house before your sell it, you are not alone. Tying money up in your house might not be the best use of your funds right now. Perhaps you have bills to pay, unexpected expenses, employment or lifestyle changes. As we discussed above, unless you are able to identify and negotiate the most cost effective repairs, there's a good chance that investing more money into your house is not going to produce the returns on that investment needed to justify it in the first place. 

 

## 3. Hassle

Selling your house the traditional way -- fixing it up, cleaning it out, staging it with furniture, listing it with an agent -- takes more than time and money. It takes a lot of patience, negotiation, dealing with vendors, mistakes and re-scheduling. 

 

## Best practices for selling AS IS:

 

The key to selling a house AS IS is transparency, clear expectations and a few simple chores.

 

## 1. Transparency

Your listing should make is clear the property is offered in AS IS condition. We recommend "This property is offered AS IS, the seller will not be making any repairs or providing any post-inspection concessions." You should disclose as much as possible about the property and its known defects. Some as-is sellers go so far as to pay for a home inspection. This is not necessary, OfferMarket transaction data shows it's better to encourage interested buyers to bring a [contractor](https://offermarket.us/real-estate-glossary/general-contractor) to the showing and/or hire a structural engineer or home inspector to inspect the property before submitting an offer. 

 

## 2. Expectations

Building on the concept of transparency in an as-is home sale, it is important to set and reinforce clear expectations that you will not be conducting any repairs. This will avoid situations where the buyer is surprised, becomes frustrated and walks away from the transaction.

 

## 3. Increase the value of your house before selling with these simple chores

 

1. **Professional landscaping:** give your house a proverbial haircut (cost: $250 - $500)
2. **Power wash the exterior:** get rid of grime on the siding, exterior trim, deck, fence (cost: $200 - $500)
3. **Clear out and de-clutter:** throw out junk and organize (cost: Free)
4. **Deep clean the interior:** hire a cleaning service to professionally clean (cost: $150)
5. **Professional photography:** get a pro to take 25 high resolution photos that can be touched up (cost: $150)
6. **Paint the exterior:** look for areas of the exterior like doors and trim that may seem worn (cost: $50 - $200)
7. **Make the house smell nice:** there's a saying among real estate investors that a foul smelling house "smells like money" because many home buyers will run away from houses with foul odors (cost: $25 - $100)
8. **Replace lightbulbs:** brighten up the interior and exterior and make it easy for home buyers to see what they're working with (cost: $50)

 

Pick and choose what makes sense for your house, you don't need to do everything on the list. For more on this, read our guide: [How To Increase Home Value Before Selling](https://www.offermarket.us/guides/how-to-increase-home-value-before-selling)

 

## How does as-is compare?

 

| Comparison 	| As Is 	| Traditional 	|
|:----------------------:	|:---------------:	|:---------------:	|
| Listing price point 	| More attractive 	| Less attractive 	|
| Cost (% of home value) 	| 0% 	| 1% - 10%+ 	|
| Time to sell 	| Fast 	| Slow 	|
| Hassle 	| Low 	| High 	|

 

## Sell AS IS with OfferMarket.

OfferMarket is an AS IS real estate marketplace. We believe you should be able to sell your home AS IS and receive competitive offers. Our streamlined transaction flow and proprietary listing distribution technology targets thousands of qualified buyers and makes them compete for your home. 

 

## How it works:

 

**1. Create your free listing** 
Set your terms, 100% risk free with no obligations.

 

**2. Launch your AS IS listing on OfferMarket and make buyers compete.** 
Once we have a critical mass of interested and pre-qualified buyers (typically within 2 weeks), we coordinate a Safe Showing. You will typically receive multiple competitive offers within 24 hours of your Safe Showing.

 

**3. Review offers: accept or reject** 
If you accept an offer, we send our contract to you and the buyer and introduce you to our title company for closing.

 

**4. Close your sale** 
Buyers on OfferMarket are carefully qualified and expected to close within 30 days of offer acceptance.

 

Should you sell your house as-is? [**Create your free listing**](https://www.offermarket.us/sell) and get risk free offers.

Selling A House As Is

Should you sell your rental property? Read this guide to determine if selling your tenant-occupied or vacant rental property is the right decision.

Should I sell my rental property? - OfferMarket

## Selling a rental property: things to consider before selling

 

Rental properties are often a great long term investment, so the decision to sell should not be taken lightly. There are a few important things to consider before selling your rental property. 

 

## How is your rental property performing?

 

If you're generating [free cash flow](https://offermarket.us/real-estate-glossary/free-cash-flow) on a monthly basis that covers your mortgage, taxes, insurance and maintenance costs, it's difficult to justify selling. If, however, you are losing money consistently and the property is in a market where home values are not appreciating significantly, then you should consider selling.

 

## What are your investment alternatives? 

It may make sense to sell even a high performing rental property if you have another investment opportunity that will produce superior returns on your cash investment ("cash-on-cash returns"). Some rental property investors are comfortable "trading up", in many cases from single family portfolios to multi-family deals.

## Do you need the money for unexpected expenses?

 

No one wants to be forced to sell a long-term investment, but sometimes it's unavoidable or necessary. If you have substantial equity built up in a rental property and you need to access that capital to pay for unexpected bills, that is a reason to sell. Before selling, you might want to explore a cash-out refinance to pull [contractor](https://offermarket.us/real-estate-glossary/general-contractor) of the property. This would allow you to hold onto the property but you should make sure the terms of the cash out refinance are such that your rental property's financial performance contributes to monthly free cash flow.

 

## Is managing your rental property too much of a hassle?

Is your rental property is in a market with excess inventory and you're experiencing stressful vacancies? Perhaps you can't seem to successfully screen out difficult tenants or find a reliable or cost-effective property management company. Or managing a rental property is the last thing you want to be dealing with -- some people love managing rental properties, other people quickly realize it's not for them. If any of these situations are relevant, then it might make sense to sell your rental property.

 

## I've considered my options and still want to sell my rental property...

Selling your rental property doesn't need to be expensive. With OfferMarket, you can sell your investment property to another investor or to a primary residence buyer. Regardless of how you choose to sell your rental property, you will never pay a commission or fee. Rental property owners who sell on OfferMarket's real estate marketplace save thousands of dollars and countless hours.

 

## Frequently Asked Questions

## Can I sell a tenant-occupied property? 
Yes, we encourage you to sell your leased property. There's no need to wait until your property goes vacant and carry the costs associated with a vacant property.

 

## What if my tenant is delinquent? 
Not a problem if your tenant is not paying rent (#rentstrike). The rental property investors in our network have shown a considerable appetite for rentals with non-performing tenants.

 

## What happens if the buyer has an agent? 

Buyers are required to either pay their buyer's agents commission directly or increase their purchase price and request that you pay the buyer's agent commission.

 

## How does OfferMarket work? 

1. Set your price and sign our 1-page marketing agreement.
2. We distribute your deal overview to thousands of targeted buyers.
3. We schedule a Safe Showing for all interested buyers.
4. Competitive offers are typically received within 24 hours of the showing. If you choose to accept an offer, we send you and the buyer our contract and introduce you to our title company.

 

## Where does OfferMarket operate? 
We operate everywhere in the United States. No matter where your property is located, we are able to deliver competitive offers.

 

## Do I take on any risk? 
OfferMarket transactions are 100% risk free for the seller. You can reject any offer for any reason. You can cancel our marketing agreement at any time.

 

## How does OfferMarket get paid? 
We get paid a small fee by the buyer at closing.

 

## How does OfferMarket compare to MLS?

 

| Comparison | OfferMarket | Traditional Brokerage |
|:---------------------:|:------------:|:---------------------:|
| Commission | 0% | 4-6% |
| Seller Concessions | 0% (As Is) | 0 - 2% |
| Repairs | $0 (As Is) | 0 - 2% |
| Showings | 1 | 10 |
| Open Houses | 1 | 1 |
| Closing Timeframe | 15 - 45 days | 60 days |
| Closing Costs | 0 - 2% | 1 - 2% |
| Days To Receive Offer | 1 | 60 |
| Privacy | High | Low |

Comparison	OfferMarket	Traditional Agent	iBuyer
Service fee	0%	5% - 6%	5% - 10%
Repairs	0% (as is)	0% - 4%	0% - 4%
Competition	High	High	Low
Convenience	High	Low	High

How to sell your house fast without an agent

To sell your home fast and competitively

Create your free listing on OfferMarket

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