Real Estate SuccessCast

🏚️ Inherited a House Full of Stuff? Southwest Virginia Sellers Need to See This

There are a lot of situations where — I’m trying to think of situations. 🏡

I mean, the house needs a lot of repairs.

There are a lot of houses that just haven’t been kept up with, and to sell it for “retail,” like what it would be worth in good shape, it’s going to take $30,000 to $40,000.

And most people don’t have $30,000 to $40,000.

So we buy houses like that, we fix them, and then we put them on the market or we rent them out. 🔨

We bought one the other day up in Floyd where the person was deceased, and the people lived in Lynchburg.

They didn’t want to have to go deal with all the possessions in the house.

And so we said, “All right, we’ll buy it just like it is.”

Boom.

And then we pay people to go in there, and we clean out all the possessions.

Most of it, we put a roll-off dumpster up there — two roll-off dumpsters — and got rid of most of it because it was trash.

Some stuff we donate to Goodwill or whatnot. The stuff that’s reusable, we donate to Goodwill and everything.

And so we’ll buy a house in any shape, form — it doesn’t matter. 🔑

For homeowners and families in Roanoke, Salem, Vinton, Floyd, Lynchburg, Christiansburg, Blacksburg, Rocky Mount, and across Southwest Virginia, selling a house as-is can be a real option when the property needs repairs, cleanup, or you simply don’t want to deal with everything inside.

🏢 Damon Gettier & Associates, REALTORS®
Brokered by Real Broker, LLC
📞 540-384-0033
🌐 www.damongettier.com

🚨The Truth About Cash Offers in Southwest Virginia… Sellers Need to Hear This

Let’s dive just a second into a cash offer, because I think there’s a misnomer on cash offer. 💵🏡

By the way, do you get those offers?

I mean, do you make cash offers often?

Because I talk about it on my radio show.

We buy almost every week.

But on a cash offer, when we say cash offer, I think some people hear, people don’t care how they get paid.

They don’t care if it’s a check or cash or whatever.

On a cash offer house, when we talk about cash offer, we’re talking about a house where we’re going to make the selling process stupid easy, stupid fast, and stupid painless.

But you’re going to sell the house at a slight discount because we’re going to get the house, fix it up, and then resell it, or we’re going to make it into a rental.

And so, we’re easing the process and easing the pain, but there’s going to be a little bit of a discount off of, say, a retail price. 🔑

For homeowners in Roanoke, Salem, Vinton, Lynchburg, Christiansburg, Blacksburg, Rocky Mount, and across Southwest Virginia, a cash offer can be a faster, simpler option when you want to sell without repairs, showings, or a long listing process.

🏢 Damon Gettier & Associates, REALTORS®
Brokered by Real Broker, LLC
📞 540-384-0033
🌐 www.damongettier.com

🏡 Got a 2% or 3% Mortgage? Don’t Sell Before You Hear This

So, like, you know, it was like a 1031 exchange. 1031 exchange. 🏡

You sell and you have to find a like-kind property.

I’m involved in one of those right now, but 1031 is totally different.

With a 1031, you have to have someone help you legally because there are a lot of moving parts.

And we can help, but we still have to have a lawyer involved because nobody can touch the money, right?

The money has to go to an intermediary.

You can’t receive the money.

It has to go from when you sell this property, to the intermediary, to the next house.

You can’t ever touch it.

Down that rabbit hole — forget 1031 exchange.

Back to DSCR. DSCR. 🔑

So you can — they changed this rule a couple of years ago.

So now, let’s just say your house that you had on Airport.

Let’s just say you said, “Hey, I want to keep it. I’ve got a 3% mortgage on it. I don’t want to get rid of that 3% mortgage.”

No, because you didn’t have a 3% mortgage on that.

If you had a 3% mortgage, let’s say you want to keep it.

And I would tell everybody, if you’ve got a 2% or 3% mortgage and you want to buy a house, reach out to us.

Let’s talk about ways that you can keep that house and buy a new house. 🏘️

Yeah.

For homeowners, buyers, and real estate investors in Roanoke, Salem, Vinton, Botetourt, Smith Mountain Lake, and across Southwest Virginia, keeping a low-interest mortgage while buying another home may be worth exploring before selling too quickly.

🏢 Damon Gettier & Associates, REALTORS®
Brokered by Real Broker, LLC
📞 540-384-0033
🌐 www.damongettier.com

🏡 Patio Homes vs. Main-Level Living: What SWVA Buyers Should Know

So patio homes — you sell those. They aren’t necessarily new construction, are they?

They are new construction and resale. 🏡

Okay. And you’re a fan of patio homes?

Would I live in one personally? No.

I don’t like slab since there’s no basement.

Slab — I don’t have a problem with that part.

I have a problem with all the rules.

I have a problem with not being able to plant what I want to plant, and I have a problem with — anyway.

But you’re talking about patio-style homes.

Patio-style homes, yeah, they’re fine.

I mean, there’s nothing wrong with this, as they use the slab to get rid of steps and everything. 🔑

And a lot of times, if you don’t have a big enough lot to put three bedrooms on one level — do you need three bedrooms on one level unless you have multiple elderly people or disabled people?

You don’t.

A lot of times, you do a really nice primary suite on the main level, then pop two bedrooms up above. 🏘️

For buyers, retirees, investors, and homeowners in Roanoke, Salem, Vinton, Botetourt, Smith Mountain Lake, and across Southwest Virginia, patio-style homes and main-level living can offer comfort, accessibility, and long-term convenience without always needing every bedroom on the first floor.

🏢 Damon Gettier & Associates, REALTORS®
Brokered by Real Broker, LLC
📞 540-384-0033
🌐 www.damongettier.com