3 Situations When It Makes Sense to Sell a Home to Cash Home Buyers - PDF document

3 Situations Whe n It Makes Sense t o Sell a Home t o Cash Home Buyers If you have noticed “ We buy houses ” signs along the road and wondered how the process works , this article has all the answers. Real estate investors usually put up these sign s . They buy rundown homes as investment s and then resell them for a profit. But not everyone needs help from an investor . I f the house is in goo d condition and the market is favorable, it’s best to sell it the conventiona l way . Here are a few examples of when it make s sense to contact a cash home buyer . 1. You Need to Move o n After a Divorce In most cases, selling the house is the only option left for divorcing couples. Selling the home before the divorce is a good idea f or various reasons. For one, you can save money on capital gains tax. If either you or your spouse ha s moved out, the marital home becomes a second home , making you liable for capital gains tax on its sale. But you’ll have to be very careful not to disclose that you’re going through a divor ce, or buyers may try to lowball you. Also, i f either of the spouses ha s moved out and taken their belongings with them, you might have to pay for staging , which is expensive. You may also not have the time or money to update and repair the home before you sell it. As cash home buyers in Pensacola , we work with homeowners looking to sell their ho mes fast. We can buy your h ouse in two weeks or less. Y ou also don’t have to pay f or staging or worry about repairs. 2. You Need a Way Out o f a Financial Crisis A missed mortgage payment or an unpaid credit card bill may seem like a minor issue . But, the problem can snowball into something serious and eventually lead to foreclosure . If you’ve lost a job or have failed to pay a tax debt, and there’s nothing you can do to salvage the situation, selling the house can be the right option . But selling a house fast isn’t an easy job. If you’re struggling financially, i t’s unlikely that you h ave the money for repairs or renovation s . If the lender has sent a default notice, you won’t have much time to wait for a conventional sale. Besides, prospective buyers may be wary of the legal complications involved in buying a distressed home. At Greg Buys Houses, we buy houses in Pensacola as - is. You don’t have to worry about tidying up the property o r arrang ing cleaning and repairs. Our team understands the legal complications that follow such a sale and can handle them effectively. 3. You Own a Home You Don’t Want t o Keep Inheriting a home can be a double - edged sword. While the prospect of owning a home can be exciting, you’ll have to manage the legal problems that ensue, including probate administration and inheritance tax. If you own a rental property but find it tiring to deal with problem tenants, selling the house can be a good option. At Greg Buys Houses, we’ll not only buy the house but also deal with the legal procedures that follow . Author B io : T he a uthor writes about real estate and manages a real estate investment company . The company help s homeowners who need to sell their house s fast in Pensacola .