Cardinal Creek Properties

  Thinking about buying investment property in Belleville? Investors must perform due diligence before closing on the property because it is your last chance to avoid purchasing a bad deal. Sadly, new investors learn these lessons the hard way, oblivious to the red flags that professionals recognize. These deals can escalate into financial disaster and court battles. Due diligence is an inspection of the property’s physical features and an investigation of all financial data to ensure everything is in order.  If you’re buying investment property in Belleville, here are five due diligence questions to answer before closing on the deal.  Time How much time do I need? The period of days allotted in the transaction by law for due diligence efforts may not allow for a full investigation when buying investment property in Belleville. For this reason, it is advisable to request extra time to perform a thorough and complete due diligence process. You’ll want to ensure to

  Selling your Belleville IL home is never a simple process. But it can be especially difficult if you have to sell your Belleville house fast . In this article, we will take a look at a few house selling tips in Belleville that will allow you to get a fast sale. Tip #1: Increase The Odds The first thing you should do to improve your chances of selling your house fast is to “stage” your home. This is when you make your house look as attractive as possible to potential buyers. Consider the “ curb appeal ” of your home by putting yourself in the shoes of your prospective buyers. What do they see when they pull up in front of your house? Consider what type of relatively inexpensive, fast improvements you can make – such as landscaping or neatening up your front lawn – that will make your house more desirable. If you don’t have time to clean the inside of your home yourself, spend a few bucks and have a local Belleville cleaning service do it for you. Then, once it’s cleaned,

  Thinking about buying investment property in Belleville? Investors must perform due diligence before closing on the property because it is your last chance to avoid purchasing a bad deal. Sadly, new investors learn these lessons the hard way, oblivious to the red flags that professionals recognize. These deals can escalate into financial disaster and court battles. Due diligence is an inspection of the property’s physical features and an investigation of all financial data to ensure everything is in order.  If you’re buying investment property in Belleville, here are five due diligence questions to answer before closing on the deal.  Time How much time do I need? The period of days allotted in the transaction by law for due diligence efforts may not allow for a full investigation when buying investment property in Belleville. For this reason, it is advisable to request extra time to perform a thorough and complete due diligence process. You’ll want to ensure to

  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 apprec

  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 Belleville  Monthly Expenses 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 Belleville.  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 Belleville 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.

  If you are the owner of a hoarder house, then you will know what it is like to deal with the clutter and trash that comes along with it. This can be an intimidating process for many homeowners. The good news is that there are ways to sell your hoarded home without having to worry about all of the problems associated with it! In this blog post, we discuss 4 major problems relating to selling a hoarder house in Belleville IL so that you can better prepare yourself for success in your efforts. Now we’ll look at four major issues… 1.Interior Photos According to realtor.org, 92 percent of purchasers looking for a new house look online; this implies the only approach to entice 92% of possible home buyers is with photos. If you’re attempting to sell a hoarding property, this may be a big issue for you. In an ideal world, you’d clear out the entire home and snap photographs. However, the more likely scenario is that you’ll shoot photos of the house with its clutt

  So, you have inherited a house, while this may sound exciting, the reality is less than a pleasure. The truth, however, is that you have inherited expenses along with the house. Well-intentioned loved ones all too often leave their property in their will to beneficiaries that are already struggling to afford their monthly bills. Often, these homes are in a severe state of distress and require a great deal of upfront cash flow for rehabilitation to turn into a desirable property.  Perhaps you already have your dream home and have no interest in residing in the property but feel a sentimental attachment. While it is understandable, the value of sentimentality won’t pay for the reality of carrying the cost of an inherited house. This harsh reality often leads to the ultimate decision to sell the property. Whatever you decide to do, don’t delay in caring for the property. An excellent place to begin managing your inheritance is locating the contact and payment details on

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 b

  A wholesaler offers homeowners an option when they are trying to sell a property; typically, these houses are in a state of severe disrepair and often don’t garner their market value with a traditional listing on the MLS. Seen as bargains by typical buyers, offers, though rare, are usually insultingly low offers. Wholesalers are dedicated to building strong networks and maintaining a list of ready buyers, ready to purchase and rehabilitate properties, and willing to pay a fee to the wholesaler for their service. Serving as a connection between the seller and buyer, the wholesaler acquires a contract on your property.  Wholesalers then locate an end buyer, assigning the sales contract on the property over to them. The assigned buyers almost always buy the home immediately, ready to close quickly with cash in hand. Read on as we discuss the three fundamental differences between property wholesalers and Belleville real estate agents.  Guarantees An agent has no guarant

  “I’m behind in payments…will I be giving my house back to the bank in Belleville?” Nobody wants to lose their home. But sometimes financial circumstances turn against you and those financial commitments become simply too much to manage. If your situation progresses too far, you may be forced into the unfortunate situation of having to give your house back to the bank in Belleville IL, leaving you temporarily without a place to stay. In addition, there may be long-term consequences, including a dramatic and long-lasting impact to your credit (and your ability to get a house in the future). No one wants that. That’s not an ideal outcome. Fortunately, there is a strategy you can take today to help you proactively protect yourself and get back on track to financial solvency. Here’s a brief overview of the foreclosure process The foreclosure process can vary depending on location and the type of mortgage you have. Usually, if you miss a few mortgage payments, your loan com

  Hybrid agents and investors have teamed up to bring you the best of both worlds. For some, selling your house in Belleville is better with your hybrid agent investor acting as a traditional real estate agent. In other cases, you will profit more by selling your home with the hybrid agent acting as a professional investor. Read on to learn just a few of the reasons why you need to compare your options. Time If time is not of any concern, working with a hybrid agent when selling your house in Belleville may be a better option for you. When homes are new or in nearly new condition, the traditional market will likely bring a better value for the property. On the flip side, when selling your house in Belleville through a direct sale to an investor like the professional hybrid agents and investors at Cardinal Creek Properties, you will be closing in a matter of days or a few weeks in most cases. The ability to save you time saves you the costs of holding onto the pr

  Do you have a house to sell? Perhaps you’re thinking about selling, and maybe you’re thinking about seller financing. But if you have a mortgage on your house, you might be wondering, “Can I do owner financing in IL if i have a mortgage on the property?” We get this question a lot so we decided to answer that question here… Keep reading in this blog post and we’ll answer that question and give you some strategies to move forward… You have options Homeowners who are thinking about selling have several options. They can list their home through an agent, or they can list it themselves, or they can sell directly to a buyer. And, many homeowners are discovering a simple strategy called “owner financing” or “seller financing” that allows them to sell their home to a buyer and collect regular payments that pay off the house: The buyer pays a down payment The buyer pays regular monthly payments When the agreed-upon price is paid, the title reverts to the buyer Homeowners love