When you decide to sell a rental property, it will either have occupants or it will be vacant. If there are people living in the property and they are tenants with a lease, then you will also be selling those tenants and the rental income they provide. Tenants with a lease in good standing have a right to stay in the property until their lease expires.
Selling a house can be a nightmare especially if you are a first-time home seller. Despite the guaranteed headache due to staging, listing, buyer meet-ups, and paperwork, many homeowners still opt for a DIY solution. Read on and find out why.
Being the fastest-growing generation of consumers in the US, Millennials are seen to be the new breed of property investors. These young people account for one out of three home buyers, and these figures are expected to increase in the succeeding years.
If you are having situations in your life that cash would fix, and you own the home where you live, there is a way to turn your home into cash within a week. Maybe you’ve wondered about the signs by the side of the road that say, “sell a home for cash.” And maybe you thought about it, but you really don’t want to deal with anybody who lives in your local area.
Uncluttering and cleaning are proven to be effective when you want to sell your house fast. If you want to rise above the listing competition, be ready to invest time and effort to apply these room-by-room hints for your home.
Nobody likes to owe more on an asset than it’s worth. We call that “being upside down” when we’re talking about cars and trucks, but when the same thing happens with a house it’s called “negative equity.” Selling a house with negative equity is not fun, but it may become necessary.
Making the decision to sell a house for your own reasons can be difficult. You might not want to explain your thoughts and feelings about it, and you may be dreading the thought of dealing with other peoples’ helpful advice. Coming to a decision is easier if nobody else is involved in it because you are the sole owner.
If you are in a unique situation and need to sell a house for a friend, there are some legal aspects you need to consider. It’s not impossible, but there will be paperwork needed for you to represent the other person and sign for him or her at closing, if necessary. Know what you need to have to sign documents at closing.
Selling a mobile home on land in the country is a unique challenge. Some homebuyers are more interested in the land than the house. This is a common mindset for hobby farmers and enthusiastic gardeners. So, when you’re looking for a buyer for your rural place, you are looking for a certain type of buyer.
Military personnel, international families, athletes, musicians and many other people may be out of the country when they need to sell a home from far away. Assuming they have internet access, sale transaction documents can be sent by email and signed online. So, there’s no need for an agent to take care of closing a transaction.
There are two ways to look at the situation if you’re wondering how to sell an outdated house. You can think about selling as-is without investing any more money in the property, or you can decide to repair and update it to get the best price. It’s basically a choice between those two alternatives.
Selling a house can be motivated by several factors such as downgrading for retirement, moving-up for a growing family, moving due to a job promotion, or avoiding foreclosure. Among all these reasons, there could never be more painful than selling your house after your spouse died.
Bad medical news may take everyone in the family by surprise, right along with the person who is experiencing distress. When you must sell a home due to illness or injury it can be an overwhelming burden, whether you have offers of help from family members or not.
In many parts of the United States typical utility bills are higher in the winter than in the spring, summer and fall. Cold weather may bring below-zero temperatures, which keeps gas and electric heating systems running most of the time. If you need to avoid big heating bills you might need to sell a house before winter.
If that thought is running around your head, you know it. “A bad thing happened so I need to sell my home.” You might not want to reveal the nature of the bad thing, an event or a situation that’s a problem for you. Avoiding any discussion about the bad thing may be your #1 goal, until you realize you just want to move away.
When you receive real property as an inheritance it may not seem like a gift. It may feel more like a responsibility, especially when you’re inheriting a house you don’t want to keep. If there’s a mortgage on the house and you’re responsible for the monthly loan payments that house may feel like a big burden.
Aside from assuring a quick sale, here are other benefits you could instantly enjoy when you decide to sell your house to an investor.
Things have changed a lot in the real estate business in the last decade. Dealing with real people to sell a house is now an option because it’s possible to simply enter information into a form on the web and never talk to a real estate agent or a buyer at all. Talking to professional real estate buyers with references is one way to do it.
Weather patterns are changing, creating devastating storms, hurricanes, tornados and floods across the country. When we watch it on the TV news it may seem far away, but when it happens to our own property the devastation hits closer to home. It’s true for every homeowner – someday you might need to sell a home after a flood.
It might seem like a good idea when you and a friend or partner decide to buy a single-family house together. The rental income and expenses are calculated, the lease is signed, and the tenants have moved into their new home. But then things start to go south, and suddenly you need to sell a house to end joint tenancy.