We Buy Houses, all over the Greater Memphis Area.

  Discovering that your bank has threatened to foreclose on your house can be an overwhelming and stressful situation. However, it's essential to remain calm and take proactive steps to address the issue. If you reside in Memphis, Tennessee County, there are several actions you can take to potentially avoid foreclosure and protect your home. This article outlines five effective measures to help you navigate this challenging circumstance. Open Communication with Your Lender: As soon as you receive a foreclosure notice, it's crucial to establish open lines of communication with your lender. Reach out to them promptly to discuss your situation and explore potential alternatives. Many banks are willing to negotiate revised payment plans or loan modifications to prevent foreclosure. By maintaining clear and honest communication, you increase the likelihood of finding a mutually agreeable solution. Seek Professional Assistance: Facing the threat of foreclosure can be complicated, an...

  When you find yourself inheriting a house, one of the biggest decisions you'll face is whether to rent or sell the property. If you've inherited a house in Memphis, it's essential to consider various factors before making a choice. To help you navigate this decision, let's explore the considerations involved in renting or selling an inherited house in Memphis. Evaluate your financial situation: Begin by assessing your financial circumstances. Determine if you need immediate funds or if you can manage the expenses associated with owning a rental property. Selling the house will provide a lump sum of money, whereas renting can generate a steady income stream. Understand the local rental market: Research the rental market in Memphis to gauge its stability and profitability. Factors such as location, demand, and rental rates will influence your decision. Analyze the rental prices of comparable properties in the area to estimate potential rental income. Consider property m...

   If you're planning to sell your house quickly, organizing an open house can be an effective strategy to attract potential buyers. In this article, we'll guide you through the preparations and expectations for a successful open house. Whether you're located in Memphis or elsewhere, this guide will provide valuable insights to help you sell your house fast. Understanding the Importance of Open Houses: Open houses offer an opportunity to showcase your property to a wide range of potential buyers. By creating a welcoming and engaging environment, you can effectively highlight the best features of your house and generate interest among prospective buyers. Preparing Your Home: To make a lasting impression during an open house, it's crucial to prepare your property meticulously. Start by decluttering and depersonalizing your living spaces to allow visitors to envision themselves living in the house. Additionally, ensure your house is clean, well-maintained, and staged app...

  Investing in real estate can be a wise financial decision, particularly if you have equity in your current property. By using the equity in your home or other real estate to invest in Memphis, TN, you can potentially build wealth and generate passive income. In this article, we'll explore some ways you can use your equity to invest in Memphis. Refinance your home One of the simplest ways to use your equity to invest in Memphis is to refinance your home. By refinancing, you can free up some of the equity you have built in your home and use it to purchase an investment property. This approach is particularly useful if you have a low-interest rate on your current mortgage. Be sure to consult with a financial advisor before making any decisions. Take out a home equity loan Another option is to take out a home equity loan, which allows you to borrow against the equity in your home. You can then use the funds to purchase an investment property in Memphis. Home equity loans typically ha...

  Buying land is an investment asset often overlooked by real estate investors. Yet, the land offers a variety of methods to earn income and build wealth over the long term. Healthy real estate portfolios have a well-balanced selection from every market sector, and land should be a part of that picture. This diversity gives your portfolio security against economic downturns which may affect one market sector, with your investments in the other areas carrying you through.  When investing in assets, you should be considering the economic model of supply and demand; the land is a finite resource and will always be in demand. However, unlike stocks with values that can fluctuate drastically, the land is tangible, and the equity in it won’t completely disappear from your possession overnight. So read on as we explore five things you should look for when buying land in Memphis. Budget You should understand your finances clearly, how much you can spend on the ...

  If you want to make an educated decision about which sales method is best for your home and your situation, it’s best to compare all of your options. So read on as we explore five costs you can expect with a traditional sale of your Memphis house. Prepping You should expect to spend around one percent of the home’s sales price on prepping costs with a traditional sale of your Memphis house, depending on the home’s condition and how outdated the home’s decor and style may be. However, suppose significant renovations are in the works to bring the property more in line with the demands of today’s buyers. In that case, you may be spending tens of thousands to bring the highest potential profit from the property. However, you can skip all the expenses, work, and time spent prepping by selling directly to a local professional home buyer like those at Memphis Home Buyers. You won’t even pay any commissions. Marketing Marketing is required to bring buyers to y...

  Let’s invest in land! But wait, it’s not so simple; there are many factors to consider before you sign on the dotted line. It is well worth considering consulting with professionals to ensure you’re on the right track and the right piece of land when purchasing. So read on as we explore five red flags to look for when buying land for investment in TN. Utilities and Access A huge red flag to look for when buying land for investment in TN is that there is access to the land by road and that all required utilities will have the ability to provide service to the location, which isn’t always a given. You may need to work with neighbors to provide you with entry to your land, which could end up being costly if you’ve already purchased, you’re at the mercy of a stranger. This information is better to know before buying your land and feeling stuck in a bad situation. Neighbors Speaking of neighbors, another red flag to look for when buying land for investment ...

  So now that you have decided to sell your home, the next step is to determine the best sales method for your circumstances and the home’s condition. So naturally, calling a real estate agent was likely the first option that came to your mind for selling. On second thought, however, for many owners, the idea of paying the hefty real estate commissions probably stopped you from picking up the phone, bringing us to the second option available to homeowners, selling their homes independently or as an FSBO. So read on as we explore these three important things you should know before selling your house on your own in Memphis. FSBO Final Sales Prices Before selling your house on your own in Memphis, it’s worth noting that, on average, FSBO properties sell for around 26 percent less than those listed with an agent. If you’re trying to save money on selling your home by avoiding commissions, selling as an FSBO might not be the correct answer. You can save valuable time a...

  While popular beliefs may be chock full of intriguing details, they are hardly the truth about selling real estate. Even if it is a false narrative, what we believe can significantly influence our decisions. When it comes to selling your home, it’s best to have your eyes wide open to all of your options. Don’t allow the misguided advice of others to lead you down the wrong path with what may be one of the most significant financial transactions of your lifetime. In taking the time to learn more about these myths, you may save thousands of dollars by making a well-informed decision, keeping more of the equity you’ve built for yourself. So read on as we explore three myths people believe about selling real estate in Memphis. Sell It Yourself and Save Money One of the most famous fables people believe about selling real estate in Memphis is that you’ll save money by listing your home as an FSBO. Typically, this option is selected to save the high real estate ...

  The exit strategy you use to sell your house can make all the difference in earning the highest possible returns on your real estate investment. An extremely lucrative alternative to selling your house outright, lease options offer a way for you to earn a higher return on the sale. At the end of the agreement, typically one to three years, they can exercise the option to buy the home or walk away, and you keep the initial option fee that you collect upfront as a down. Much like having tenants, you’ll be renting out your property. However, these tenants have much more at stake than the average tenants, as they are, in essence, test-driving ownership of the property. These tenants are willing to pay extra for the chance at living the lifestyle of homeowners while correcting any missteps with their credit or building savings for their downpayment on the property. With the right tenants and a thoughtfully constructed lease option agreement, many investors learn to ap...

  Sellers understand that for a property to realize the highest returns from a listing on the MLS with a real estate agent, it will take a great deal of time, effort, and money to meet the demands of competition in the Memphis market. From professional digital photographers and a drone pilot to a professional stager, marketing expenses and all costs to increase your curb appeal and ready your home for showings.  However, if you are prepared to sell your house and want to save money but benefit from the help of a savvy real estate professional, a direct buyer from Memphis Home Buyers may be just the solution you seek. In addition to saving you money, working with a direct buyer can save you valuable time and energy. When you work with a direct buyer, you will have a guaranteed closing date that your direct buyer can arrange around your schedule, making plans for your move easier. And knowing your closing date in advance saves you from the need to find temporary ...

  Many think the two options for selling real estate are for sale by owner, FSBO, or listing with a real estate agent. Wholesalers, however, offer another option. Personal preferences, unforeseen circumstances, or the home’s condition can mean that listing the home on the Memphis real estate market isn’t the best option. Wholesalers work with these homeowners offering a fully transparent process that is quick and easy to meet their requirements and resolve their problems. Many sellers would prefer to skip the hassles of the listing process, most especially the experience of being displaced from your home during showings or open houses. For some, family illness or an unanticipated job relocation has forced relocation, and the purchase of their next home is contingent on the sale of their existing home. Others are uncomfortable with images and video tours of the interior of their home and their belongings available to the world on the internet. Finally, many sellers ...

  At Memphis Home Buyers, we aim to help you earn the highest potential profit on the sale of your home while benefiting from the convenience of working with a local company that cares about your outcome. There are many reasons why sellers prefer a direct sale. For some, it is the dread of the prep work and showings. Some are under a time crunch and can’t wait out a listing or the delays of the conventional loan process for their buyers, and others are under significant financial strain and need a speedy solution. The highly seasoned investors at Memphis Home Buyers have helped many Memphis home sellers find a solution for their problems.  The direct buyers at Memphis Home Buyers are proud of their work. Unlike national iBuyers, our policy at Memphis Home Buyers is total transparency. For example, your direct buyer will disclose how much you would profit through a traditional listing with a real estate agent vs. the offer from Memphis Home Buyers, which we wan...

  When you invest in real estate, you’re building wealth and a future of truly passive income, allowing you to live out your golden years enjoying the activities you wish on your terms. However, purchasing the best deal in Memphis doesn’t guarantee continued success with the property. The calculations for your returns on the investment, or ROI, are based upon results created by the previous management policies and systems.  While property management fees are easy to compare, the costs of poorly managing your real estate investments can far outweigh the monthly fees of a professional property management team. Read on as we explore how much it costs to manage a property in Memphis. Missed Opportunites One downfall of real estate investors taking the time out of their day to carry out all of the duties to manage a property in Memphis is that you aren’t spending that time managing your real estate investment business.  A significant part of investing i...

  When done right, investing in multi-family properties can be a lucrative real estate investment. The shared features and proximity of the units can mean added savings for you as the owner and a higher monthly income from the time and investment into one real estate transaction.  Read on as we explore five red flags to look for when buying a multi-family property in TN. Adding Up Sellers can be unrealistic about the value of a property. Some aren’t willing to budge, which will ultimately waste your valuable time, so move on if they state they won’t negotiate the price when it’s reasonable to do so. The facts on paper or presented to you verbally when compared to the realities about your investment need to come into complete alignment when you run your calculations to check for positive cash flow. If something isn’t adding up, this is one of the red flags to look for when buying a multi-family property in TN.  Lingering Suppose the property ...

  Many different real estate market sectors are available to investors like you to generate a passive income and financial freedom. Rental rates tend to keep pace with increases in the cost of living, allowing you to continue living your life in the style you wish. By diversifying your real estate portfolio and spreading your investments across these sectors, you lower the risk of each holding while building a solid hedge against inflation. While single-family home rentals typically come to mind, there are many ways to achieve your goal.  First, of course, as with any investment, you must perform due diligence to ensure the highest return for your investment dollar. You should have a team of reliable pros to quickly investigate properties, ensuring that the improvements on the land are solid. Finally, your team needs to provide you with reliable numbers for any updates, repairs, or remodeling required to make your calculations on point before you buy. So read ...

  Passive income earned through building a diversified real estate portfolio allows investors to live out their retirement on their terms, in the lifestyle to which they’ve become accustomed. In addition, diversity creates a safety net against inflation because while one section of the market may falter during periods of downturn, sound investments in other market sectors will continue to keep pace with inflation. After all, rental rates keep pace with increases in the cost of living. While buying rental properties is a significant step in building your real estate portfolio, exiting properties based on your current circumstances and market trends should also be a part of your investment strategy. Selling a property isn’t an easy process, and when you add in the complications of a house with tenants in place, you may face an uphill battle.  Naturally, your tenants may not feel it is in their own best interest to be hospitable to your potential buyers during sho...

  If you’ve gotten a foreclosure notice of default and want to know what the heck is going on, keep reading. Basically, a foreclosure notice of default is a document that has to be filed by a lender to start the process of foreclosure.The foreclosure notice of default must be sent to anyone who has an interest in the property (any other loans, lenders, or even contractors who are owed money for work done to a property will get a copy). The foreclosure notice of default must also be published in a newspaper and physically posted in a prominent place on the property itself. Although this can be really embarrassing to someone going through foreclosure, it’s actually a very important protection for consumers. Back before US law required a notice of default, people were sometimes foreclosed on without any warning. In fact, it’s happened even in the past few years – at least one bank has accidentally foreclosed on the wrong property and kicked people out ...

  When first considering selling your home, the thought of listing with a real estate agent is usually swiftly followed by the dread of paying commissions. Listing on your own saves money but can be a real headache. Auctioning your home may sound like a way to sell without the hassles, but before you jump into the nearest auction house, you might want to give some serious thought to the time and costs of this route. Read on as we explore what you should know about auctioning your house in Memphis and why selling to Memphis Home Buyers is a better choice. Bargain Prices One thing you should know about auctioning your house in Memphis is that a majority of your buyer pool wants to pay rock bottom, and you can expect them to make insultingly low offers. Selling to Memphis Home Buyers is a better choice because we live and work here in Memphis, and we want you, our neighbor, to feel good about the deal long after closing. That is why you can count on Memphis Home Bu...

  The more attractive your home is, the higher the final sales price is, so many homeowners spend thousands getting ready. Preparing for your listing photos and showings when your home is on the market can be costly. However, there are ways to work around spending a great deal with some creativity. Read on as we explore how to sell your house in Memphis when you are on a budget.  Curb Appeal One way to sell your house in Memphis when you are on a budget is to stand at the street and imagine how your home will look to a buyer as they step out of their car, then take steps to improve the view. For example, attention to your lawn and landscaping features can go a long way to up the curb appeal. Images And while you’re adding up your expenses, you will need to keep some reserves for your marketing expenses, including the fees for a professional photographer to sell your house in Memphis; your online images are not the place to save when you’re on a budg...