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Sell My Paren't House

Are you finding that you need to come up with some extra cash to help pay for the care of your elderly parents? Are you considering selling your parents house to come up with that money? Inevitably, parents will reach an age where it’s not sustainable for them to live on their own. They’ll probably need to move in to an elderly living community for professional care. When that time comes, you’ll need to pay for that care. In order to do so, many people sell their parent’s house to pay for care. Do you want to know how that works? Are you curious about the available methods for selling your parents house? Are you able to sell your parents house after they die, or do you need to sell before that time comes? The following tips will help you navigate these difficult questions.

Checklist Prior to Selling Your Parent’s House

There are certain tasks that you’ll want to complete prior to selling your parent’s house. You need to consider outstanding financial obligations, and you’ll want to make sure that once you sell your parent’s house, you’ll be able to pay for care. Below are some organizations that you’ll need to contact prior to selling your parent’s house.

  • Contact your parent’s bank to make sure that there aren’t any outstanding financial obligations.
  • Reach out to the Social Security Administration to make sure your parent’s are receiving Social Security and that selling the house won’t interfere with payments.
  • Make sure that you have the paperwork required to make financial decisions on your parent’s behalf.
  • Review your parent’s will if you are planning on selling your parent’s house after death.
  • Include the rest of the family or others who should be involved in the decision making process.
  • Speak with insurance carriers or services providers.
  • You may need to speak with estate planning or will planning attorneys if you are selling your parent’s house after death

Sell By Owner to Pay for Care

Pay for care

An option to consider when you’re looking to sell parents house to pay for care is to sell a house by owner. However, your parents will need to give you power of attorney to do this. If you want to use the sell a house by owner, then you’ll have to all the work yourself as opposed to hiring a real estate agent. The benefit in selling by owner is that you’ll keep all of the profits yourself. However, if you don’t know how to market the property, you could end up sitting on the house for a long time waiting. This could result in you paying for your parent’s care out of pocket. This may not be the best option if you need to sell your parent’s house for care.

Selling Your Parent’s House After Death

This is a touchy subject, but it’s one that needs to be addressed. If you have power of attorney, you can sell parents house after death. However, without power of attorney, the house could end up in probate and it could take a long time for you to gain authority over the property. ideally, you should sell your parent’s house before they pass. If you inherited the house in their will, however, this makes things less complicated. The best case scenario would allow for you to sell your parent’s house for cash.

How to Sell My Parent’s House for Cash to Pay for Care

If your parents willed the property to you or gave you power of attorney then you can sell the house for cash. This is a fast and optimal way to sell the house if you need to pay for your parent’s care. You won’t have to spend extra time or money fixing up the house or marketing it if you sell to a cash buyer. You only have to reach out to an investor and accept the offer. Then, the investor will pay you cash on the spot. The paperwork that you’ll have to do is minimal which will also speed up the process.

Sell Your Parent’s House Quickly and Easily

Sell My Parent's House

Selling your parent’s house can be stressful. However, by selling to a cash buyer, you can make the process quick and painless. Further, you can get your parents the care that they need.

At Buymi.house, we specialize in closing on houses quickly. We know that you have more important things to worry about. We want you to be able to focus on those things instead of stressing about your house.

Do you have a question about the house selling process? Do you want to get a cash offer on your home? Even if you don’t decide to sell, we’d love to answer any questions you might have. Give us a call today at (586) 200- 1710.


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Capital Gains Tax

When seniors reach a certain age, owning a home can become a burden. Seniors who want to sell their homes may have questions about the process. Some people may want to know what the fastest way to sell their house is. Others may want to know how to maximize their profits. However, almost everyone who sales a house will ask the question, “Do I have to pay capital gains tax when I sell my home?” The answer to that question depends on several factors. However, for most people who are selling a home that was their primary residence for more than two years, the answer is no.

What is Capital Gains Tax?

Seniors Sell their homes

Capital gains tax is a tax levied on the profit gained from the sale of property or an investment. Your house, along with virtually anything that you own, is considered a capital asset. If you sell an asset for more than you paid for it, you’re required to report the profit that you made on that sale whenever you file your taxes. Technically, that profit will be subject to capital gains tax. However, more often than not, seniors who sell their homes can claim an exemption on capital gains related to the sale of their house.

How to Qualify for an Exemption for Capital Gains Tax

Capital gains tax can scare people sometimes who want to sell their homes. They’re afraid that paying taxes will eat dramatically into the profit that they made off of the sell. This is especially true for senior who sell their homes to cash buyers. However, more often than not, the sell of your house will be exempt from capital gains tax. These are the factors that will allow you to qualify for an exemption:

  • If you owned your house for at least two years out of the five years that preceded the sale of the home.
  • If the home that you sold was your primary residence for at least two of the five years that preceded the sale of your home.
  • If you haven’t already claimed an exemption on another house that you sold in the two years preceding the sale of the house in question.
  • If you’re single, you can exclude up to $250,000 dollars of any capital gain.
  • If you’re married, you can exclude up to $500,000 dollars of any capital gain.

What About Seniors Moving into a Nursing Home?

Residency is, of course, something that the IRS takes into consideration when determining whether or not you can exclude the capital gains made from selling your home. This may be concerning for seniors who’ve moved to a nursing home but are still looking to sell their homes. However, for seniors in that situation, the residency requirement is lowered from two years to one year. Further, is seniors live in a nursing facility, but still own their homes, then it counts, of course, as ownership.

Best Way for Seniors to Sell Their Homes

Seniors sell their house

The way that you choose to sell your house will depend on several factors. Are you willing to wait a long time? Are you okay with lot’s of paperwork? If so, you may want to hire a real estate agent to list your house and sell it for maximum profits. However, if you’d like to sell your house quickly, minimize the paperwork and keep all of the profits yourself, then you should sell your house to a cash buyer.

At Buymi.house, we specialize in closing on houses quickly. We know that you have more important things to worry about. We want you to be able to focus on those things instead of stressing about your house.

Do you have a question about the house selling process? Do you want to get a cash offer on your home? Even if you don’t decide to sell, we’d love to answer any questions you might have. Give us a call today at (586) 200- 1710.

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What to Do with House When Divorced

One of the questions that people often ask when going through a divorce is, “what do we do with the house?”. A house is typically the largest asset that couples going through a divorce share. It’s also probable that there are a lot of emotional attachments to the home. People who have children know that the kids have probably spent a lot of time in the house, and that can also make things tough.

Figuring out what to do with the house during a divorce is one of the leading causes of disagreement between divorced couples. The house has monetary and emotional value, and that complicates things. It’s easy to agree on how to divvy up most items. The house, however, is something that’s a bit more complex. However, there are ways that you can address this issue.

Usually, both parties will meet with their respective attorneys and come to an agreement about what to do with the house when going through a divorce.

Buyout the House When Going Through a Divorce

What to Do with House When Divorced

Depending on the state that you live in, you might be able to negotiate a divorce home equity buyout. In this situation, one spouse agrees to buy out the other’s equity in the property and then keeps the property as their primary residence. This can become complicated if both parties can’t come to a mutually beneficial agreement. In some cases, it’s easiest just to let the attorneys figure out what the best deal is for both parties. Still, there must be an agreement.

In any event, the buyout option can become a lengthy process. Usually, both parties will higher their own assessors to determine the value of the property. As you can imagine, the assessors don’t always agree on their respective evaluations. Typically, The amount of equity in the home will vary depending on several factors. For instance, how much the home was worth when the coupled initially bought, how long they’ve had it, and what it’s worth presently. In some instances, both parties might’ve purchased the house together and both of their names may be on the title. If that’s the case, then one person can buyout the other’s equity in the property.

Continue to Share Ownership of the House After Divorce

During a divorce, if the house is in both names, then a couple can share ownership of it. With the help of their attorneys, a divorced couple can agree to continue to co-own the property. Further, the parties can agree on whether they want the agreement to be short-term or indefinite. In essense, the two parties are making a business agreement when they choose to co-own a house after divorce.

After the Divorce, One Party Lives in the House and Takes over the Mortgage

In some cases, one party might choose to keep the house and refinance the mortgage. Generally, this is a good strategy for preserving the children’s’ stability and prevents them from needing to move to a new residence. In these cases, the spouse who remains in the home after the divorce may have the option of refinancing their mortgage. However, that spouse would have to meet certain criteria. For instance:

  • They’d have to be current on their mortgage payments
  • The spouse who chooses to remain in the home would have to be able to afford the new loan payments
  • That same spouse would have to have strong enough credit to meet the requirements for refinancing
  • The other spouse has to agree to let go of the house

It’s not uncommon for the spouse who wants to remain in the home to fail to meet one or more of these criteria.

Continue to Share the Mortgage on the Home After Divorce

In some instances, couples who divorce choose to share the mortgage of the home after a divorce. The obvious downside to this arrangement is that one person can decide to stop making payments on the mortgage. When this happens, it can cause the house to go into foreclosure, and it can ruin the credit of both parties.

However, if both parties agree that this is the best course of action for the sake of the kids, then usually this arrangement will work out. It’s worth noting that this strategy requires both of the people getting divorced to remain in communication and rely on each other. Some people don’t like that or find it too risky. It can also complicate things if either of the parties decides they want to invest in a new home. If both parties are still paying off the mortgage, then it may impede one’s ability to qualify for another mortgage.

During Divorce Sell the House and Split the Proceeds

What to Do with House When Divorced

Occasionally, neither party will want to keep the house. Other times, the two parties can’t reach a mutually beneficial agreement on what to do with the house after the divorce. In these cases, the best option might be to sell the house and split any profits. Agreeing on how to sell the house during a divorce can be difficult. To make things easier, some investors will buy a house for cash. It’s a very quick and easy process. The investor will appraise the house and then make an offer. Once everyone’s agreed on an offer, the investor will offer a cash amount and you can close the on the house quickly. The divorced couple can then use that cash to pay off the remaining balance on the mortgage and then split the remainder. This is the easiest way

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Sell Parents' House Siblings

People often look to sell their parents’ homes to siblings when their parents reach an age where they can no longer manage their own assets. Selling your parents’ house to a sibling often seems much easier than going through a real estate agent. However, you should be aware of the challenges that come with selling your parents’ house to a sibling.

Selling Your Parents House

Usually, when people become elderly or reach a certain age, they’ll leave one of their children in charge of their assets. If your parents have given you the responsibility of managing their assets, and you want to keep your parents’ home in the family, then you may want to sell your parents’ house to a sibling. Selling to a sibling is one of the quickest and easiest ways to sell your parents’ house, but it does come with some difficulties.

Challenges When Selling Your Parents’ House to a Sibling

A common problem that you could run into when considering selling your parents’ house to a sibling is the financial status of your sibling. You have the responsibility of selling the house, and if your sibling can’t afford it, you’ll have to tell them no. Telling a sibling no can be difficult, but you have to do what’s best for your family.

This issue can be accentuated when siblings don’t understand that you need to sell your parents’ house to pay for care. Paying for the care and well-being of your elderly parents can be expensive. Therefore, you may need to sell their home for a significant amount of cash. If your siblings can’t afford it, that could be a problem.

Another problem that people run into when trying to sell their parents’ house to a sibling, is deciding which sibling to sell to. If you have multiple siblings, it may seem unfair to sell the house to one and not the other. This predicament could lead to internal arguments or family difficulties.

If you want to avoid this issue altogether, you should consider putting your parents’ house on the market. This is the fastest way to sell your parents’ house and it allows you to avoid the drama that comes with selling to siblings.

For Sale By Owner

Sell Parents' House Sibling

If you’ve decided that you don’t want to sell your parents’ house to a sibling, the next thing you may consider is the for sale by owner option. Many people choose to go this route because it allows you to avoid the hassle of dealing with a real estate agent, and you keep more of the profit. However, without proper marketing, it may take longer for the house to sell.

For sale by owner sales can be difficult because it requires a lot of responsibility on behalf of the seller. First, you have to do a lot of market research to determine what the best price to list parents’ house is and then there’s another slew of problems.

Once you’ve determined what price you’re going to list the house at, you have to decide where you’re going to list it. You could, for instance, list it on the internet. But you’ll have to do some research to figure out how to get the most exposure.

Further, if you’re selling your parents’ house by yourself, it can become really time-consuming. If you aren’t going to sell your parents’ house to your siblings, they may not be willing to help you out.

Another thing to consider is potential repairs. It’s not uncommon for seniors to have problems with their homes because they can’t manage maintenance at their age. If a prospective buyer wants to have the home inspected and the house doesn’t pass inspection, you’ll be responsible for paying for repairs. Repairs can be time consuming and costly, which defeats the purpose of selling the home yourself.

At this point, you may have decided that it doesn’t make sense to sell your parents’ house to siblings, and the for sale by owner option doesn’t seem any better. You might be considering the traditional route of going through a real estate agent. However, that isn’t necessarily any easier or less time-consuming.

While all this may sound discouraging, there is still one great option that will allow you to sell your parents’ house fast and easily.

Sell House for Cash

Sell PArents' House

Up to this point, you’ve determined that selling your parents’ house to a sibling won’t work, and for sale by owner isn’t a great option either. The quickest and easiest way to sell your parents house, is to sell it to a cash buyer.

The fastest and easiest way to get cash for your parents’ house is to sell to a cash buyer. Many trustworthy investors can get your parents the funds that they need quickly and easily. Those funds can then go towards any care or special accommodations that they might need.

Cash buyers don’t require you to make any repairs on the house. Further, selling to a cash buyer allows you to save time and money on advertising. Selling to a cash buyer will enable you to get the house off of your hands and to focus on what’s important- your parents and their needs.

You’ll have cash in hand to get them settled in a new environment. Also, you’ll be able to avoid realtors. You can even avoid having people walk through the house for showings. This is a bonus because seniors usually don’t like having strangers in the house. If you want cash quickly and without the hassle, this is the best option.

Best of all, you won’t have to make a decision between siblings. The sell house for cash option is a great alternative for selling your parents house.

Sell Your Parents House for Cash Today

There’s no need to stress about how to sell your parents’ house. Don’t worry about selling it to your siblings if that’s stressful. Don’t fret over a for sale by owner strategy either. If you want to sell it today, there’s an easy way to do that. At Buymi.house, we specialize in closing on houses quickly. We know that you have more important things to worry about. We want you to be able to focus on those things instead of stressing about your house.

Do you have a question about the house selling process? Do you want to get a cash offer on your home? Even if you don’t decide to sell, we’d love to answer any questions you might have. Give us a call today at (586) 200- 1710.

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Foreclosure

Your house is nearing foreclosure. Owning a home can be difficult. It comes with a lot of financial responsibility. Inevitably, life happens, and when it does, it can be challenging to meet those financial responsibilities. Failing to do so can lead to foreclosure, and that’s a painful reality for many homeowners.

What Leads to Foreclosure?

The apparent reasoning for foreclosures is that people run into financial problems. However, a variety of circumstances can lead to those financial problems, and we’ll look at some of those reasons in this section.

Changes in Health Can Lead to Foreclosure

Often, people who foreclose on their homes do so because of health issues. If you have an unexpected illness or injury that prevents you from being able to work, that can impede your ability to satisfy your financial responsibilities. Further, many people incur medical expenses that wipe out their savings and prevent them from being able to fulfill their financial obligations.

A Change in Relationships Can Lead to Foreclosed Homes

Sometimes, a couple may go through a divorce which could lead to a dispute over who’s going to assume responsibility for the mortgage payments on a house. If this dispute goes unresolved, that can lead to the house going into foreclosure. Also, people sometimes have roommates who decide to move out which can result in the same situation.

Over Extended Finances Can Lead to Foreclosure

foreclosed

Often, people get caught up with buying the house of their dreams, but they don’t consider the cost of ownership. Renovations, maintenance, and property taxes are all expenses that come with home ownership. These costs can add up quickly, and if you aren’t prepared, this can lead to a default on payments, and ultimately, foreclosure.

Options for Stopping Forclosure

When you’re facing foreclosure for any of the reasons mentioned above, it can feel like the end of the world. However, you have options that you can utilize to try and solve the problem.

For instance, your lender is also not happy about your foreclosure. Foreclosure procedures are a hassle for them, and they’d prefer to find a solution. They may even offer to help you out.

In some cases, the lender may offer a compromise. Some lenders will provide you with a grace period to help you out which may be ideal if your financial troubles are temporary.

Another option to consider is a short sale. From a financial aspect, it may be beneficial for you to sell your house yourself. A lot of people choose to do this because you’ll get a better price selling it yourself than you would at an auction. Many times the lender will appreciate this route because it saves them time and relieves them of the hassle of a foreclosure procedure.

Yet another option is filing for bankruptcy. Again, it’s worth noting that bankruptcy is only a short-term fix. If your financial situation is temporary, then this might be a fine option. The bank trustee will work out a payment schedule which will allow you to get caught up on your mortgage.

Selling Your House to a Cash Buyer

Cash buyer

The quickest and easiest way to get the house off of your hands is to find an investor who buys houses for cash. Selling your home to a cash buyer won’t guarantee you the most revenue. However, you can rid yourself of your mortgage, and avoid foreclosure. Below, I’ll list some of the benefits of selling you house to a cash buyer.

  • You won’t have to pay realtor fees associated with a quick sale.
  • You’ll avoid having to negotiate with the mortgage lender.
  • You can avoid bankruptcy.
  • Best of all, you can avoid foreclosure.

If you don’t see your financial situation turning around in the near future, finding a cash buyer is your best option. The process is quick and easy, and it’ll help you avoid foreclosure.

Do You Want to Stop Your Foreclosure?

We understand that facing foreclosure is both stressful and frightening. That’s why we’re here to answer any questions you might have about the foreclosure process or how to get out of it. At BuyMi.House, we’re here to help you. Whether you’re ready to sell or you just have a question, Give us a call at (586) 200-1710. We’re here to help make the process as easy as possible for you.

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As a homeowner, one of the most stressful experiences in the world is moving houses. From the mountains of boxes to rental truck fees to losing your favorite sweater in the process, moving is one of those hard-to-avoid situations. Luckily, you have us. In this article, we will share four quick moving tips to cut down on costs and frustration.

Black dog peeking out of a cardboard box.

1. Declutter before you move

You’ll find that “decluttering” is a recurring theme in our blog, and for good reason. Trimming down your belongings periodically is a great way to stay organized and mess-free. Every homeowner who practices this behavior is in much better shape than those who don’t. In fact, decluttering is perfect for situations like moving. By cropping out belongings you don’t need, you create space to organize and keep track of your actual necessities. Not to mention this will save you loads of trips, boxes, and headaches!

2. Sort out the costs in advance

Unfortunately, many homeowners decide to look up rental truck and storage unit fees the day they move or just before. Unsurprisingly, they’re confronted with prices higher than they expected. To avoid this trouble, take a moment or two to research competing moving companies and other costs at least a week prior to making the move. That way, you can budget properly and even inform yourself on alternative moving ideas. For example, depending on how far you’re going, it might be cheaper to ship some belongings via the postal service rather than hauling it with you. There’s an endless supply of cost-savvy moving tips available to you, such as the ones outlined in this article by The Spruce.

3. Organize belongings by room

Some people organize their moving boxes by item size, some by item category, even sometimes by color. Instead, we recommend organizing your belongings by room. If you already have an idea of your new home’s layout, then you should generally know which items go in which room. By putting all kitchen stuff together, all master bathroom stuff together, and so on, you save a huge chunk of time that might’ve been spent on searching. Cut the frustration out of your day and just keep everything together by room. For an in-depth look at organizing moving boxes, check out Oz Moving’s article.

4. Map out the fastest route

Regardless of how far you’re traveling, any move can be made time efficient if you plan out the shortest route. Often, homeowners throw the address into Google Maps as they’re departing. However, apps don’t often take into account the gas stops, food runs, and bathroom breaks you’ll need. Even if you’re traveling just a short distance, be sure to take shortcuts and traffic-free backroads into account. The shorter your travel time, the quicker your moving process will be.

Do business with Buy MI House!

For more household tips and tricks, be sure to explore our blog. If you’re in the process of selling your home, consider doing business with us! We purchase homes in the Macomb County, Michigan area. When you sell to us, you avoid lengthy transactions, mountains of paperwork, and household repairs. In addition, there’s no closing costs! For inquiries, please check out our website or call us at 586-200-1710.

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Winter is over and spring has sprung. With the new season, homeowners look to the internet for ideas on reinvigorating their property space. In this article, we will share 5 low-cost home improvement ideas to try out during the springtime. These great tips can make your living space feel brand new, refreshed, and ready for the new year.

Potted plant sitting near a window in the kitchen.

5 spring home improvement ideas

Before we begin, we suggest you set a budget and make a quick timeline. Any home improvement project requires care and organization for the best results, so it’s best to alot a set amount of time and money before you begin. Luckily, all of our tips are relatively low-cost and quick to accomplish. So let’s get into it!

1. Spring cleaning

What better time to declutter your home than in the spring? While there are tons of resources available to you about spring cleaning, the easiest method is to go room by room. First, we suggest sorting out items you no longer need, which you can then donate or toss. Once you’ve decluttered a room, be sure to clean it thoroughly before moving on to the next. Of course, this includes vacuuming floors, dusting surfaces, wiping down windows, etc. For a complete guide, Reader’s Digest has a great Spring Cleaning Schedule you might want to check out.

What benefits do you gain from spring cleaning? Firstly, you now have a fresh, clean, clutter-free home. From here, you can explore other home improvement options such as decorating and painting without worrying about a mess to work around. Undoubtedly, cleaning out one’s house is an amazing start to the year and great for your health!

2. Spruce up your lawn

There’s no better season to tidy up your lawn than springtime. Unfortunately, many homeowners tend to neglect their lawns, even after winter’s relentless storms. Reclaim your outdoor space from harsh weather. Give the grass a trim, clean up the pool, and maybe even start a garden. This is also a great opportunity to look into new, low-cost lawn fixtures. Check out this article for affordable tips on how to decorate your outdoor space.

3. Switch up your interior

You might’ve loved the look of your family room when you first completed it, but how does it make you feel now? Eventually, every homeowner feels the need to upgrade their living space. You don’t need to break the bank to give your home a whole new vibe. Replacing fixtures such as lamps, rugs, frames, and wall decorations can give any space a completely refreshed look. In addition, we encourage you to play with new patterns, colors, and textures. In fact, just switching out the coasters on a coffee table and the cushions on a sofa can make your living room feel much newer.

4. Paint, paint, paint

We find that a big contributor to the dated look of a house is worn paint. If your walls or doors have become victim to stains or cracks, consider taking a day or two to splash on a fresh coat of paint. This home improvement project is a great way to revitalize the home and experiment with new colors. No environment is more inviting than a freshly painted home in the springtime!

5. Take a look outside

Don’t forget to inspect the exterior of your home as well. Winters in Michigan can be quite harsh on your property. In response, show the house a little care by cleaning the gutters and making small repairs. In particular, you should focus on soft spots in the wood. This can indicate decay or rot. Since you need your property to remain sturdy for the seasons to come, it’s best to patch up your home during the springtime. StructureTech has a great exterior home improvement checklist to guide your inspections.

Reach out if you have any questions!

We hope you found some inspiration from our spring home improvement tips. Springtime is the perfect season to refresh one’s living area, so we encourage you to dive right in. In no time, you’ll have a home that feels just brand new!

In addition to providing household tips and tricks, we purchase homes around Macomb County for a fair cash price – no repairs needed! You can rest assured our services are quick, secure, and professional. In addition, you don’t have to pay any closing costs! For more information, please feel free to explore our website or reach out to us at 586-200-1710.

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Power of Attorney

If your parents need to sell their house and they’ve reached an age where they can’t properly manage their own affairs, they may require you to sell it for them. For you to sell their home, you might need to obtain power of attorney.

Power of Attorney in Michigan

A financial power of attorney (or POA) is a legal document that gives a person (called the “principal”) another person the authority to act on his or her behalf as it pertains to financial matters. In Michigan, we refer to the person acting on behalf of the principal in financial matters as the “attorney-in-fact,” but in many other states they refer to that person as the “agent.”

In order to create a power of attorney in Michigan for financial matters you have to make sure that your POA is dated, signed by the principal or a notary on behalf of the principal according to the requirements of the Michigan Notary Public Act, and it must be signed in the presence of two witnesses or acknowledged by a notary public. Both witnesses also need to sign the documents, and neither can also be the attorney-in-fact.

Once you’ve got power of attorney, you’ll have the authority to sell your parent’s house on their behalf. When parents get older, selling a house can be difficult and stressful. Obtaining power of attorney will allow you to alleviate stress for them and sell their home quickly.

Selling Your Parents House

Getting a power of attorney is the first step. Once you’ve got that you can proceed, you’ll be able to sign papers on their behalf which isn’t uncommon for people with older parents. There is a type of POA that will give you the authority to sell your parents house even after they’re deceased. This is the best route to go. You want your parents to be stress-free and to know that you’ll be able to sell their house.

For Sale By Owner

Selling your parents house yourself instead of using a realtor can often be the quickest way to sell their home. If done correctly, it can also be the easiest way. The best part is, you won’t have to share any of the profits with a real estate agent.

Another downside of using an agent is that it can be tough on your parents. Agents will be constantly bringing strangers in and out of your parents house. If you sell it yourself, you’ll have more control of that. You might even only show your house to one person.

While selling your parent’s house by yourself will take pressure off of your parents, it does create some extra responsibility for you. You’ll be responsible for showing the house, listing it on the market, and researching pricing. This can be time-consuming, and it’s something to consider. You also have to decide where to list the home. Further, you may have to renovate or change things in the house to make it more appealing. It’s a process, and you have to be prepared for that.

How To Sell Your Parents House Fast

Sell your parents house fast

The fastest way to sell your parents house fast is to sell to a cash buyer. Selling a to a cash buyer is easy, it’s hassle-free, and it the entire process can take just a few days.

When selling to a cash buyer, a professional investor will come and look at your house. The investor will make a cash offer to you on the home as-is. Once you and the investor agree on the amount, you’ll sign an agreement and get paid for the property. You won’t have to worry about renovations, you won’t have to worry about marketing, and you won’t have to worry about an agent.

If you have power of attorney and you’re looking to sell you house fast, the best way to do this is to sell to a cash buyer. From the time you make a call to the time you close a deal can take as little as a few days.

Sell Your Parents House Hassle-Free

Selling your parents house can be difficult. Obtaining a power of attorney can be a big help. However, the sooner you get it sold, the easier it’ll be on yourself and your parents. Selling to a cash buyer is fastest way to achieve that.

Here at BuyMi.house, we specialize in selling your house fast so that you can move on to more important things in your life. If you’re interested in selling your house quickly, reach out and ask for a quote. Or you can give a call and schedule an appointment. We’d love to help you out.


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Renting out one’s property is a lucrative investment for any homeowner. Whether you enjoy the passive income or could use the extra money for mortgage payments, having tenants can be a great help. However, any landlord who rents out their home should be equipped to deal with poor tenants. You probably heard of nightmare tenant stories, from squatters to partiers and everything in between. In this article, we hope to educate you on the most common types of poor tenants and how to deal with them.

Backyard party at night,

Types of poor tenants

Before we begin, we should note that bad tenants don’t have to exhibit extreme behaviors to be considered difficult to deal with. Indeed, your lessee may be pleasant to converse with and great communicators. However, if they’re missing payments or breaking rules, you don’t need to cut them slack. For now, here’s our list of commonly seen poor tenants you may find yourself facing.

Squatters

Every landlord’s worst nightmare is a squatter. A squatter is someone who occupies your property and refuses to leave. While these cases have been blowing up with the rise of Airbnb, squatting is still a possibility for traditional rental relationships. It’s pretty easy to identify when you have a squatter on your hands. If they refuse to leave the property, refuse to let you enter the property, or even threaten to bring you to court, they’re a squatter.

Late payers

Another type of poor tenant is a late payer. These types of lessees are difficult to deal with because they often make excuses or promise to pay soon. They might pay on time for the first few months, but for whatever reason, end up accumulating late payments. Consequently, you may find yourself having trouble paying mortgage and other bills if you rely on their rent. One quick tip is to include specific payment terms in your contract. For example, you may discuss a potential late fee, strike system, or even eviction section.

Party animals

Of course, we all know the characteristics of a party animal. These types of poor tenants will invite people over, play loud music, and risk damaging the property. Your neighbors will likely complain about the noise level, late-night activity, cars taking up street space, and general conduct of these tenants. Indeed, by renting your property to a party animal, you risk good rapport with your neighbors among other consequences.

Open-shelter tenants

This class of poor tenant is more difficult to identify. If you visit the home and notice common areas were made into makeshift bedrooms, and that there’s more people than you signed onto your lease, you’re dealing with an open-shelter tenant. These lessees typically offer a place to stay for friends and family either for free or a percentage of their monthly rent. This essentially means you’re losing money because more people are covering a smaller rental rate.

Animal lovers

These types of poor tenants mainly affect landlords with a strict no-pet rule. However, the consequences of pets can eventually damage any property. If a potential lessee asks whether pets are allowed, they likely have one. After they move out, you may have to make property repairs to fix bad odors or unclean carpets.

House destroyers

Finally, the last common type of poor tenant is a property destroyer. These people may either make unnecessary bad repairs to the home, or fail to maintain it. The bathroom and kitchen may develop mold, the screen door may be broken, the lawn may be in shambles, etc. On the other hand, you might notice an attempted construction project on a wall or doorframe that never got finished. These tenants destroy the house during their lease, leaving you to drain money into repairs.

Protect yourself against poor tenants

Before signing a lease with any potential tenant, you should take these mandatory precautions. During any rental contract, you should also take steps to keep your tenant’s behavior in check.

Always screen your tenants

Screening everyone is absolutely mandatory to ensure you won’t deal with poor tenants. This includes a background check, a credit check, and verifying income. Actually, the rule of thumb is that a tenant should make at least 3 times the amount of their rent every month. In addition, contacting their previous landlords gives you insight on their past behavior as tenants. This is good for raising red flags early. Don’t know how to properly screen potential tenants? Avail has a great guide to tenant screening that you’re encouraged to check out.

Set rules in your contract

Be prepared for any potential problems by setting rules. Don’t want late-night complaints from neighbors? Set a mandatory quiet hour or curfew. Want to lessen the damage made on your property? Outline your lessee’s responsibility to property maintenance. After this, you should set consequences such as a strike system or end-of-lease agreement. By setting rules beforehand, you are able to act on their poor behavior if it happens. Remember, it’s vital that you get everything in writing and have it signed by the tenant. This makes your contract legally binding. If you need somewhere to start, check out Nolo’s Ten Terms to Include in Your Lease Agreement.

Be strict

Once you outlined all your terms in the lease agreement, stick to them. Don’t let late payments, rule breaking, or other poor behavior slide. By sticking firmly to your rules, you send the message that you’re not playing around. If they break an agreement, carry out the agreed-upon consequence.

Evict when necessary

In addition to the previous note, don’t be afraid of eviction. If you and your tenant signed to uphold a contract, you are legally able to evict them if certain rules were broken. Remember, a lease is a 50/50 relationship. If your tenant isn’t acting accordingly, you are within your rights to end that relationship. If you need a refresher, Landlordology offers a step-by-step guide to evicting tenants.

Reach out to us!

Sometimes it’s too late to act on the damages a poor tenant leaves behind. If your tenant left behind a weird odor, property damages, and other high-cost repairs, consider selling your home to a house-buying company. House-buying companies will purchase your home off you, unmade repairs and all, for a fair cash price. Do you live in or around Macomb County, Michigan? Deal with us! We’d love to check out your home and do business. For a fair cash offer, visit our home page. For any other inquiries you may have, feel free to call us at 586-200-1710.

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Mailbox outside of a residence.

All homeowners eventually have to go through the daunting task of selling their home. In fact, for many people, this year will mark the first time they’ve ever sold property in their lives. In this article, we hope to educate you on the best path you can take in this tricky process. Here are three different methods for selling your residence in the United States.

Sell your home to a house-buying company

House-buying companies, also known as property investors or cash home buyers, are businesses that purchase your house for a fair cash price. This type of house-buying is an increasing trend in today’s economy with a proven, painless process. We won’t go into too much detail on house-buying companies in this article. However, if you want to learn more, check out our blogs on how to find a good house-buying company and reasons to sell to a cash house buyer. For now, we’ll break down the pros and cons for you.

Pros:

  • Enjoy a quick transaction (can take as little as under a week).
  • You both agree on the price offered.
  • There’s no need to make repairs (they will flip your home after purchase).
  • No heavy paperwork.
  • No commission or closing costs.
  • You won’t have to market your property or appeal to purchasers.

Cons:

If you’re interested in learning more about house-buying companies, we encourage you to do your research. These businesses are quick, easy purchasers with years of experience under their belt.

Sell property through a realtor

Selling your property through a realtor is the common, traditional route. Indeed, this method is tried and true, which is why so many people take the realtor path. However, if this is your first time selling property, be sure to educate yourself thoroughly. Many people don’t realize the amount of fees and time commitment needed when selling through an agency.

Pros:

  • Realtor is knowledgeable about the area, process, and other sale-related factors.
  • Your house will probably get more exposure to potential buyers.
  • A lot of the stress of selling your home yourself is taken care of by the realtor.
  • Realtors are experts in their field and can answer questions.

Cons:

  • Paying commissions.
  • Paying closing costs.
  • Draining money into making repairs and staging your home.
  • Being only one of many clients your agent may have.
  • Possibility of home sitting on the market for longer than you’d like.

Indeed, while real estate agents are professionals, they’re still at the mercy of the market like anyone else. This means that you’re not guaranteed a speedy sale or ideal profit.

Sell on your own (FSBO – For Sale By Owner)

These days, many people elect to sell their home themselves rather than through a real estate agent. As newer generations become familiar with DIY-culture, and search engines make a vast wealth of information available to us, people are more confident in their ability to do things themselves. However, for novice house sellers, putting property on the market can be overwhelming if they don’t know what they’re in for. Here are the benefits and drawbacks of selling a home by yourself.

Pros:

  • You have your own timeline and can proceed at a pace comfortable for you.
  • If you need help, the internet is always available.
  • You don’t have to pay commission costs, closing costs, or other fees to a third party agent.

Cons:

  • You have to draft your own paperwork, prepare your own showings, and research all selling factors.
  • Marketing your home can be incredibly difficult.
  • Your home may get less exposure if you have a small or nonexistent network.
  • You may still have to pay for repairs or stage your home.
  • The process is time-consuming and stressful.

If you are set on selling your home yourself, Forbes has a great article that breaks down a few tips which may be helpful to you.

Conclusion

All in all, selling your home is a different experience for all homeowners. The method you choose should be the one that best accommodates your needs. If you’re looking to cut out costs, consider avoiding real estate agents. If you don’t want to deal with stress, try not to sell by yourself. Of course, we encourage you to investigate further to make a decision that will ultimately benefit you in the end!

Ready to do business?

If you’re in or around Macomb County, Michigan and want to sell your home fast, connect with us! We’ll purchase your property – repairs and all – for a fair cash price. For more information, feel free to explore our website or reach out to us at 586-200-1710.

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