Did you inherit a house that you never really wanted in the first place? Are you struggling to make payments on a house that you can’t sell? If so, you’re probably trying to figure out how you can sell your house as quickly as possible. Well, fret no more, because at Buymi.housewe buy houses for cash and we’re here to make the process as easy as possible for you.
Sell Your House Fast
Waiting for your house to sell is frustrating. Sometimes it can take months and, in the meantime, you have to continue making payments on the house. If you want to sell your house quickly in a competitive market, one of the most important things that you can do is to improve the aesthetic of your house.
If you want to improve the aesthetic of your house, consider adding a fresh coat of paint. Further, you should consider power washing your house or maintaining your yard. The goal is to commit to practices that will boost the curbside appeal of your house.
Once you’ve improved the exterior aesthetic of your home, it’s time to focus on the interior. If you want to sell your house quickly, it’s important to make sure that your home interior is ready for an open-house.
To best prepare your home for the inspection of potential buyers, you should consider depersonalizing your home. You want to get rid of any family portraits and choose a neutral paint coating for the house. The goal is to make your interior appealing to the largest audience as possible.
Sell Your House to a Cash Buyer
Traditionally, sellers will contact a real estate agency and work with an agent to sell their homes. It’s indisputable that an agent will likely help you get as much money as you can for your house. However, working with an agent can be a lengthy process. If you want to sell your house fast, you should consider selling to a cash buyer.
Selling your house to a cash buyer allows you to bypass the lengthy loan process. It also allows you to close, typically, with a week of initial contact. Further, companies that buy houses for cash typically buy the house as-is. That means that you can save money on costly repairs, and of course, save money on payments you’d making while waiting for your house to sell.
Let Us Help
At buymi.house, our goal is to help you sell your house quickly. All you have to do is fill out the contact form on your homepage and we can help you get an offer on your house fast and easily.
Are you fighting foreclosure of your Michigan property? You’re not alone. Each year, thousands of homes in Michigan are filed for foreclosure. There are various reasons why one might find themselves in this dire situation, but one thing is certain: it isn’t the end of the world. In this article, we will discuss your best options when faced with the stress of foreclosure.
Best bets when foreclosure is on the table
Losing your home is an understandably frustrating event. That said, it’s vital to remain calm, composed, and informed throughout the process. Remember, no matter how tense the situation, there is always a way to get ahead. By remaining knowledgeable on the process of foreclosure, you can explore all options and make an informed decision. Here’s the common actions we suggest you look into when going through foreclosure:
1. Talk to a professional soon
There are counselors and experts that are widely available to you both locally and online. It’s crucial to understand that, before embarking on any foreclosure defense, you should consult someone with expertise. This doesn’t need to cost you anything. Foreclosure Avoidance Counselors are willing to offer you advice and services for free. In addition, update yourself on the various financial help programs at your disposal; many of these specialize specifically in foreclosure.
2. Restructure your financial plan
It’s never too late to reach out to your lender and begin a discussion on how to forestall foreclosure. If your financial situation is going through choppy waters, you need to inform your lender immediately. This way, they can negotiate a plan with you. By opening a channel of communication between you and your lender, you may be able to come up with a viable solution before things escalate. It’s not beyond your means to ask them to consider restructuring your payment plan.
3. Declare bankruptcy
Bankruptcy is a scary word, but it can actually be a helpful (and necessary) tool to get you back on your feet. Depending on your situation, you can claim a particular chapter of bankruptcy to defend yourself against foreclosure. The two main options would be Chapter 7 and Chapter 13 bankruptcy.
Find out here about Chapter 7 bankruptcy and if you qualify. By filing Chapter 7, you basically claim that your income is not enough to cover all payments. Your debts – not including mortgage – are then wiped clean. Be aware that while this may place an automatic stay on your property (i.e. putting a hold on your foreclosure) the lender can still go to court and ask that the foreclosure go forward despite the bankruptcy claim.
Chapter 13 is a little different. By filing Chapter 13, you claim that with more time, you can catch up to missed and current mortgage payments (as well as others). You are given a 3-5 year plan with your lender, during which you are required to make periodic payments that cover all bills.
4. Sell your property via short-sale or deed in lieu
There are a number of ways you can quickly sell your property before it goes to auction.
Short-sale refers to the quick selling of your home pre-foreclosure. Before the process, you’re required to ask your lender for approval, and even then, the value of the property will usually drop significantly. Regardless, this is still the better option than foreclosure because your credit score won’t be as negatively impacted. In addition, you are more likely able to purchase a home immediately following a short-sale than a foreclosure.
Deed in lieu of foreclosure refers to the voluntary transfer of a property’s title from you to the lender, thus releasing you from all mortgage obligation. Once again, you will need to receive approval from your lender to initiate this process.
5. Sell your property to a house-buying company
House-buying companies will purchase your property quickly in exchange for cash. There is no need to deal with the stress of realtors, repairs, or post-sale paperwork. A house-buying company will save you closing costs, time, and repairs all while offering you a fair price for your property. That way, you can forego the foreclosure and save time – as well as your credit score – by dealing with a house-buying company.
Reach out for more info!
All in all, there are a wealth of resources available to anyone facing foreclosure in Michigan. Foreclosure is undoubtedly a terrifying situation, but by exploring the right options and talking extensively with a counselor or expert, you’ll find yourself moving along fine.
For more information on house-buying companies, please feel free to explore our website. For specific information on our services, please do not hesitate to contact us at Buymi.
Renting out one’s property is a great real estate venture when looking for a continuous source of passive income. However, at some point, a homeowner may decide it’s time to fully sell that property. This could be for any number of reasons; perhaps you are moving far enough away that it’s become a burden to maintain the property. Perhaps you are comfortable financially and don’t want to deal with the hassle of tenants. Whatever the reason, selling one’s rental house is common and easily achieved when done correctly.
But one question can’t be ignored: how do you do this when your property is currently being leased?
Many homeowners face the reality of needing to sell their property while it is occupied. This can be tricky territory to maneuver, but worry not! When conducted in a reasonable and professional manner, you should find the process can be quite stress-free. Here are our tips for selling your rental property during an active lease.
Options for selling your rental property during an active lease
There are a number of routes you can take when choosing to sell your home under an active lease. Here they are:
1. Wait until the lease expires
This is the most obvious option, but also potentially the longest and most inconvenient for you. While you are avoiding problems with tenants by waiting out their lease, this can be lengthy and time-consuming.
2. Search for an owner who will also rent out the property
Selling your property to a new homeowner who will also rent it out can be beneficial both to you and the current tenant. The tenant’s lease will then transfer over to the new landlord, who must abide by the old contract’s same rules and agreements. If you’re not under a tight time crunch, this is a great option for all parties involved.
3. “Cash-for-keys” agreement
This is a commonly practiced method whereby you will essentially pay your tenant to move out sooner. This can be done in a number of ways. Negotiate with your tenant; perhaps you can pay their security deposit, or provide moving services. Whatever the case may be, the objective is basically to incentivize them to leave. When done civilly, this can be a clean and easy way to end their lease early.
4. Sell to the tenant
If the tenant has lived there long enough, or the location is too convenient to let go of, they might just be interested in taking the property off your hands. When you first begin the process of trying to sell your home, be sure to keep the tenant adequately updated. They may end up becoming the buyer if you provide them with a timely notice.
5. End the lease if the tenant has violated the agreement
Unlike the cash-for-keys agreement, this particular method can be a bit messier. If your tenant has clearly violated the lease, you are fully within your rights to terminate the contract and move forward with selling your home. Remember that there are legal statutes which oversee these exact situations. Inform yourself on the procedures of evicting and what notices need to be made before you take this matter on.
As you just read, there are a number of methods you can adopt in order to sell your home during an active lease. In addition, here are a few crucial behaviors you should practice to ensure that the whole process is clean, clear, and mess-free.
Be communicative.To prevent any unnecessary arguments and misunderstandings, the landlord should be as open and communicative about the process as they can be to the tenant. You don’t need to update them on every single step and every prospective buyer. However, you should give fair notices and answer any questions. This will quell their own fears and confusion about the situation, leaving you both happy, informed, and prepared.
Be firm.Additionally, it’s important to remember why you are selling your rented property. Regardless of how the tenant feels, you are still on a schedule. While negotiations with your tenant can be done during an active lease, remember to keep the goal in mind: to sell the home.
Get everything in writing. Throughout the entire process, be sure to get all agreements officially signed by both parties in clear-cut, legal writing.
Remember tenants have rights. Our legal system has ensured that both landlords and tenants have certain property, privacy, and other rights. Before you embark on any ventures during the selling process – especially when it comes to entering the property – be sure to understand what your legal boundaries are by staying informed on tenant rights.
Rule of thumb: When showing the house to prospective buyers, give tenants a fair warning. You are legally obligated to notify them 24 hours before entering the home. Generally, it is better to set up specific, agreed-on dates and times with your tenant for house-showing.
Avoid the hassle of looking for a buyer
Want to know the quickest, cleanest way to transfer ownership of your property? Work with a house-buying company! These local businesses will buy homes off you for a reasonable price – no realtor needed. When working with a house-buying company, you can forego the stress of repairs, updates, and paperwork, all while knowing you are receiving a fair price for your home.
For more information, be sure to scour our website and contact us for any questions or proposals!
Are your parents approaching the age where it’s no longer feasible for them to live on their own? Whether your parents are moving in with you, or you’re looking into care facilities, the baby boomer population is aging and many Americans, like yourself, are trying to decide how to sell their parent’s house. There are several different ways to approach selling your parents house. You can sell your parent’s house through a real estate agency, sale by owner, or to a cash buyer.
How Quickly Do You Need to Sell Your Parent’s House?
Timing is an important factor when trying to decide how to sell your parent’s house. If everything goes smoothly, it should take around 110 days for your house to sell once it’s hit the market. However, that time frame can vary depending on individial circumstances. As a general rule, using a real estate agent will result in a longer sell cycle.
Are Your Parents Ready to Sell Their Home?
Selling your parent’s house can be an emotional decision. Some people have lived in the same place for decades. You may have grown up in that house and so it can be tough for you to let go. Deciding when to sell your parent’s house is a personal decision that has to be made within the family. Fortunately, once you’ve made that decision, there are several different ways to make the process easier on your family, and we’ll go over some of those processes in this article.
Things to Consider Before Putting Your Parent’s House on the Market
Before putting your parent’s house on the market you need to have a plan. Having one will make the sales process as painless as possible. Here are some tips that will make selling your parent’s house easier for you and your family.
● Figure out who has power of attorney for your parents. This will save you time and effort down the road.
● Ask around to see if anyone is interested or knows anyone who’s interested in buying the house.
● Decide what to keep, what to sell, and what to throw away.
●Selling to a cash buyer will minimize the paperwork involved
Can One of My Siblings Buy My Parent’s House?
Yes. It’s possible for you to sell your parent’s house to your siblings. However, you need to ask whether or not any of your siblings are eligible cash buyers or whether or not they be able to qualify for a mortgage. Depending on the circumstances, having a sibling purchase your parent’s house could be extremely quick, easy and a great way to keep the house in the family, or it could be a headache and painful and not pay off in the end. It’s best to talk to your siblings and understand their financial situation before going down that path.
Power of Attorney
If you’re granted power of attorney as it pertains to selling your parent’s house, then that will make the process easier for you and your parents. However, power of attorney is fluid and there is a spectrum of permissions that you may have been granted. It’s important to look over your paperwork carefully to ensure that you have the authority to sell your parent’s house.
For Sale By Owners Pros and Cons
Many people consider selling their parent’s house themselves instead of working with an agent. Here are the benefits of FSBO transactions:
No sharing profits with an agent.
You have more control over the sell.
You can dedicate more time to selling your home and your home only.
As you can see, there are certainly benefits to selling your parent’s home yourself. However, there are also drawbacks. Some of the cons of FSBO transactions include:
The possibility that you’ll sell the home for less if you don’t work with an agent.
Marketing the house must be done by yourself.
You’re responsible for qualifying the buyer.
It’s your job to ensure that the transaction is completed correctly.
If you have buyers lined up, or you’re experienced in real estate sales, then perhaps it makes sense to sell your parent’s house yourself. However, if you’re new to the real estate market or you’re busy, then it might make sense to work with an agent.
Should I Sell My Parent’s House to a Cash Buyer?
Selling to a cash buyer is ultimately the quickest, easiest way to sell a house. No matter how you sell the house, there will be some time and effort involved, but selling to a cash buyer is truly the least painful. If you have the authority to sell your parent’s house and there’s an investor who’s interested in buying your parent’s house, then selling to a cash buyer will save you time, money, effort and you can get the cash for your parent’s house quickly.
How to Sell Your Parent’s House to a Cash Buyer
The best part about selling your parent’s house to a cash buyer is that it’s quick and easy. All you have to do is reach out to an investor and say that you want to sell your parent’s house to a cash buyer. Afterward, the investor will inspect the house and make you an offer. Once you’ve accepted the offer, you’ll receive payment for the house and the investor will have to worry about ensuring safety and all of the other paperwork involved in selling a house if he/she’s going to resell it. There are several different things to consider and approaches that you can take if you’re going to sell your parent’s house. However, the quickest and easiest way to approach this is to sell your parent’s house to a cash buyer. Doing so will save you time and you’ll get money for your parent’s house faster.
Are you considering selling your house in its current state? The decision to sell one’s home “as is” – meaning without repairs, renovations, or updates – is a conflicting choice faced by many homeowners. On one hand, you may feel that your house in its current state will never be sold, whether its because of the dilapidated basement, or the small plumbing issue you never got around to fixing. On the other hand, renovations and repairs may be out of the question due to the financial toll and lengthy process. So what are you to do?
Luckily, you may not have to go through the frustrating procedure of fixing up your home just to sell it. There are plenty of house-buying companies in the Rochester Hills area that are readily available to assist you in your property pawning ventures.
What is a house-buying company?
These organizations are willing to purchase your house from you as is in exchange for a fair price. The amount is typically estimated by the company themselves and agreed upon by both parties. Like any property transaction, the price is based on various factors, including the home’s location, age, and repairs needed.
Once purchased, the home is officially off your hands. No dealing with messy owner-to-owner paperwork or post-transaction stress. By doing business with a quality house-buying company, you can quickly sell your property and gain that hard-earned profit.
They know their stuff. They are knowledgeable about the Rochester Hills area and can quickly, concisely answer any questions you may have. A quality professional with years of experience can survey your home and give you a solid, fair price based on the house’s factors, such as location, year, and repairs needed.
They have great reviews. A simple Google search should pull up a webpage or review site with client opinions on the business. If reviews are not available, any good company should be able to produce positive testimonials at your request. If they aren’t willing to show you these, that may be a red flag.
They are open to communication and transparent about their business. It is crucial to secure the contact information of the company’s representative; the sole person in charge of your transaction. Having open communication with them gives you a channel to ask questions and stay fully informed on the whole process.
They are local. This is more of a suggestion than a mandatory assessment, but one worth mentioning. As we all know, small, local businesses tend to be more embedded in the community and therefore typically more beneficial. Following this logic, you should shoot for local house-buying companies if you can. They are more knowledgeable of the Rochester Hills area. There is also a higher probability that you can engage in future dealings with this company rather than a national or broader-region business.
Selling your home can be stressful, time-consuming, and just altogether frustrating granted you don’t have the proper resources. By locating a great house-buying company, you can bypass all those unnecessary steps.
For more information on selling your home, we encourage you to scour our website. For any questions, do not hesitate to contact us.