A yellow house with vibrant lawn and flowers.

Selling a house can often be a long, drawn-out process. But what about if you need to sell a house fast?

Anyone who has ever sold a house in the past understands it is often a long and drawn out process. In an effort to help reduce the waiting time and help individuals needing to sell complete the process faster, there are a large number of companies now offering this type of service. In fact, they offer customers the ability to sell their house in weeks, or even days, where the traditional method would take months, or longer.

A question many people have is what is the appeal of this “fast sell” process? Is it right for their particular situation? And, why would people opt for this, rather than selling their home the old-fashioned way? Some of the most common reasons someone may decide to sell their home quickly can be found here.

Family Issues

Family problems happen to everyone. But when those problems come in the form of strapped finances, they can throw everything into chaos.

When money is needed to take care of an unexpected expense, pay for health care for an ailing loved one, or something else, the most viable option is often to sell a house. If you’re short on the money needed to pay for a major expense like surgery or the ongoing care of an infirm loved one, selling your home may be the best way to finance things quickly. If you don’t have the luxury of time, selling via the traditional market won’t work. But selling a house fast for cash could be a solution.

Tax Issues and Divorce

If you owe back taxes to the government or are in the midst of divorce proceedings, selling your house fast for cash is an easy way to put those problems to bed. The profits from the sale can help you pay off your tax bill, and if you’re involved in a divorce, selling the house removes the stress of arguing over who should get to keep it or live in it. Both of these situations are often very time-sensitive, so selling fast for cash makes sense.

Tired of Being a Landlord

If you own one or more rental properties, you know how draining it can be to keep up with them. If you’re tired of dealing with nightmare tenants who either don’t pay or who damage your home, selling the house fast to a cash homebuyer can relieve you of your burdens.

The good news is, when a person utilizes the services offered by a cash for property company, they can feel confident they will get a fair price and that the process will be much shorter than if they were to sell their home the old fashioned way. This type of peace of mind, and fast cash, is invaluable when it comes to needing money or needing to unload any type or size of property.

Unfortunately, not all of these companies are created equal, which is why if you find yourself needing to sell you house fast for cash, it is important to do plenty of research before making a decision. Following the steps outlined here will help you find and use a quality company that will make your time worthwhile.

Find a Reputable Buyer

The first step you must take when trying to sell your home quickly, for cash, is to find a reputable buyer. Unfortunately, there are more than a few nefarious individuals and companies out there who are looking to “rip-off” unsuspecting homeowners who need to sell.

If you’re planning to sell to a cash homebuyer, you’ve got to do your homework! Research your options before making a decision. Look for a company with an established reputation, plenty of customer reviews, and a reputation for fairness.

Fill Out the Online Form

Once you have found a reputable buyer, you can fill out the online form (that any reputable company will have) to get the process started. This form will include basic information about you and your property. This is just the initial information that is gathered to begin the process that is followed to purchase your home.

Talk with the Buyer and Receive a Cash Offer

After filling out the form, a buyer will contact you. This buyer will likely have a cash offer ready to present to you to get the ball rolling. Now is the time to ask questions, as the process can move quite quickly from here!

Receive Your Contract

If the price offered is acceptable to you, you can move forward with the buying process. While you have the option to negotiate, remember that many offers are given sight unseen.

After accepting or agreeing to an offer, the buyer will send you your contract. This can be done via mail, email, or fax. You are required to sign the contract and return it to the buyer.

Close

Once all the paperwork is complete, the closing process will begin. Reputable companies offering cash for houses will cover the associated closing costs. Make sure to keep this in mind, since there are some unscrupulous companies that may try to get you to pay these fees.

Receive Your Payment

Once all the “i’s” are dotted and “t’s” are crossed, you will receive your payment via wire transfer, direct deposit, or check. And that’s it—the process really is that easy. In a number of situations, it can be completed in just a few days! 

For many homeowners, this home purchasing innovation is a godsend. If you’re in a situation like the ones listed above and need to sell your house fast, give us a call. We buy homes in all conditions and can get you to close in less than 30 days!

Blue house fo sale sign.

Imagine how much simpler it would be to sell your home for cash rather than dealing with the hassle of banks, lenders, and mortgage companies. How much more profitable would the sale be if you could get it done quickly and avoid the hang-ups that the loan process often presents?

While the traditional real estate path might feel comfortable because it’s familiar, it has some serious downsides. If you’re thinking, “Why should I sell my house for cash?” or “What are the main benefits in looking for such a sale?”, here are five great reasons to consider selling your house for cash. Read more

Green road sign that has the word inheritance on it.

Inheriting a home can be a very complex business. Depending on how you came to be in possession of the home (whether it’s paid for, and whether or not you have any co-owners), there could be many potential next steps from which to choose.

If you’ve recently inherited a house in Florida, you may be questioning your next move. This guide is here to detail your options, including your ability to sell the house fast for cash. First off, though, we need to answer a few questions.

1. How Did You Inherit—Deed, Will, or Trust?

It might not seem like it matters, but there is actually a big difference in how an inherited house in Florida should be handled based upon how exactly it became yours.

If you were given the house by deed, this means you were appointed the “remainderman” for the deceased’s estate, and when they passed, the house moved into your hands. There is no need to go through probate proceedings, and if you do choose to sell, you should have no issue, as your name will be on the title.

If your loved one died with them listed as the sole property owner but left you the house in their will, you’ll need to go through probate proceedings in order to move the title into your name officially. This means if you want to sell the home, you’ll need to complete that process first, which can sometimes take a few months.

If the deceased drew up a trust agreement declaring that you (or you and others) are entitled to the house upon their death, it will pass directly to you (and any other co-owners). If, however, the deceased leaves behind a spouse or minor children, you will have to go through the probate process in order to move the title to your name.

2. Do You Know The Tax Implications? 

Selling any asset for more than you paid for it can trigger capital gains taxes. But what if you didn’t pay for it, but rather inherited it? Unfortunately, you can still be on the hook for taxes if you inherited a house and want to sell it. Do you know your options? 

Tax rates change slightly every year based on inflation and other political factors. For the 2019 tax year, the tax percentages on house inheritance range from zero percent to 20 percent, depending on the amount of profit you made from the sale. 

3. How Do You Handle Probate?

If you need to file probate on the estate and the deceased has been gone more than two years, chances are things will move pretty quickly. With a good attorney, you could be set in as little as a week. If the person died very recently and you’re trying to sell the house, however, you may be in for a bit of a wait.

The probate process involves posting a notice to creditors in the local newspaper and giving any creditors who are owed by the estate four months to come forward. Selling a house in probate in Florida can take a little longer than normal, but once the judge declares you the new owner, you’ll be set to do whatever you wish with the property.

3. Is There a Mortgage?

If you inherit a home with an outstanding mortgage, you must assume the payments if you hope to avoid foreclosure. Each company will have its own process for how to deal with the homeowner’s death and move the account to your name, but you should alert them as soon as possible.

What if you can’t afford the mortgage? Under Florida law, a mortgage company cannot go after your personal bank account or assets if you choose to walk away from an inherited home and allow it to be foreclosed on. But should you choose to do so, retain a probate attorney to protect your interests.

4. Are There Other Owners?

The trickiest of all inheritance situations is when you inherit the property jointly with other family members. Under Florida law, all of you will be equally responsible for all financial obligations pertaining to the property, including debts and liabilities.

Typically one person takes point on being property manager, but beware that this can cause tension and resentment. If one of the owners is living in the house, that can also complicate things, as they may not want to pay their fair share, or they may refuse to sell despite everyone else wanting to. Immediately upon inheritance, all the heirs should discuss the situation and make a plan that’s agreeable to everyone (which is, sadly, often easier said than done).

If you have inherited a home, your options are typically to a) live in the home (or let one of the co-owners live in it); b) rent it; or c) sell it. Selling a house in probate in Florida can be a bit trickier, but if you quickly tackle the probate process, you’ll be good to go.

If you’re not interested in renting the home and being a landlord, and you want to avoid the infighting that often stems from sharing ownership of a home with siblings, selling may be your best option. If you’re ready to sell your inherited house in Florida quickly, call The Buy Guys today. We work exclusively with individuals, and we can have you ready to close and walk away with cash in your pocket in just 30 days!

The front yard of a Florida home trashed by bad tenants.

Being a landlord isn’t for the faint of heart. While a vast majority of renters are reasonable and respectful people, there are definitely nightmare tenants out there. Even if you think you’ve vetted them thoroughly, you might end up surprised by the destructive and negligent actions they take on your property.

If you’re dealing with a tenant-trashed rental property, you’re probably feeling overwhelmed. How do you handle moving forward? How do you stop the bleeding in terms of the financial loss you’re facing? Could this happen again? There are a few steps you can take to salvage this rotten situation.

1. Eviction Time

If the tenant is still living in your property, it’s time to serve them with an eviction notice. Some landlords are fine drafting this on their own, while others look to an attorney for help. Either way, make sure you’re abiding by the landlord-tenant laws in your state so that you’re protected. Also be aware that this process can be lengthy, and an irate tenant may do more damage to your property once they’re notified that you intend to evict them.

2. Lawyer Up

Once you remove the troublesome tenant, you may want to go about recovering cash for the damage they caused. This means taking your tenant to small claims court to seek compensation. But remember that legal fees will apply, and (if your tenant is truly destitute) there may be no way for you to get any money from them for repairs.

3. File a Claim

If you want to avoid the legal circus, your best bet is often to file a claim with your homeowner’s insurance. Your policy should cover damages made by your tenant. Be aware, though, that every time you file a claim, there is a risk your rates rise. (Once you make a claim, the likelihood that you’ll make another increases, making you a bigger insurance liability.)

4. Make the Repairs

If you want to get your rental house back on the market so you can continue generating income from it, repairs will need to be done. No one wants to live in a trashed house.

If the damage is small, you may be able to address it yourself. If all you need is a fresh coat of paint or some new window panes, it may be doable. But if the damage was more severe, you’ll likely need to bring in contractors to mediate things, which will of course incur additional costs.

5. Unload the Property

As the landlord, you have certain rights to your property. Your tenant, however, also have rights. Depending on your state, you may be required to give several days’ notice before you’re able to evict them. You may also be required to give a certain amount of notice before showings. Selling your house for cash to a company that deals with homes in need of repair is the easiest option for selling your house fast without infringing on your tenants’ rights–and without having to run the risk that they’ll scare off potential buyers.

What About a Fixed Term Lease?

Keep in mind that if you have a fixed term lease, you may have to wait for the lease to end before you’ll be able to sell the house and evict the tenant. Make sure you’re keeping track of how much time you have left so that you can be done with it as soon as possible! If you’re in a bind and simply ready to be done, look for an investment company that will be willing to purchase the house while the tenant is still there, adhering to the terms of their lease until it ends. In this case, the investment company will essentially purchase the lease along with the property, which means that you can move on with your life sooner. This method is ideal for many landlords, since it means that you’re going to have income from the house until it sells. Selling the home to your tenant is also an option, and some states may require you to give them first refusal before you put the house on the market.

Secure Tenant Cooperation

If you don’t plan to sell the house with the tenant in residence, the best way to proceed is to gain their cooperation in the process. There are several things you should consider when dealing with your tenant.

  • Explain how the process is going to work. Set out guidelines for when the house can be shown, how much notice you will give, and what condition you’d like the house to be in when you show it. This is, of course, most effective with a cooperative tenant.
  • Offer monetary incentive to help your tenant move on, whether that means returning their deposit in spite of damage to the house or even offering to pay their first month’s rent and deposit on a new residence.
  • Consider a discount on rent for tenants who are cooperative with the showing process. 

For you, your rental property is a source of income. For your tenants, whether good or bad, that property is a home. They may not be eager to move or to accept a new landlord, but most tenants will be willing to work with you in order to help the process proceed more smoothly. By selling your house for cash, especially if you work with an investment company who will keep the tenants on for the duration of your lease, you streamline the process and make it easier for everyone involved.

Cracks in the foundation of a Florida home.

When you’re looking to sell your home, discovering structural issues can be a huge blow. It’s also pretty easy for these sorts of issues to go unnoticed, as they’re typically much harder to see. But they affect the overall integrity of your home and can be a real headache to mitigate.

In Florida specifically, a number of factors can contribute to structural damage. The tropical weather conditions can lead to both porous soil and excessive moisture within the home itself. Many of the buildings across the state were built decades ago, so the natural aging of materials also comes into play. The abundance of insects in the area can also leave structures vulnerable to damage.

If you’re looking to sell a house with structural issues, you have your work cut out for you, but it’s not impossible. First, you need to evaluate your home and identify the root of the problem. The following are the three most common structural problems found in Florida homes.

1. Cracked Foundations

This is perhaps the mother of all structural issues, as it involves damage to the base upon which your house sits. It’s not unheard of for homeowners to be completely unaware of foundation issues until the time comes for a potential buyer to do inspections.

Once you’re in that situation, you could be on the hook for costly repairs or risk losing the deal. The biggest telltale signs of foundation issues are things like cracks in the walls, spots where the molding doesn’t meet the ceiling, doors that don’t quite fit in their frames, and uneven floors.

2. Compromised Siding

Given Florida’s abundant sunshine and abundant precipitation, homes in this state are very susceptible to siding damage. Whether wood or vinyl, siding can easily sustain cracks from things like scraping tree branches, debris from lawnmowers, and prolonged exposure to sun.

If those cracks aren’t repaired, they’ll allow moisture to leach into the structure of your home. From there, you could be dealing with mold, mildew, termites, and more. Water damage can be very costly to repair and fundamentally challenge the stability of a structure, so examine your siding closely for damage.

3. Damaged Roofs

Much like siding, roofs can take a real beating in Florida’s climate. Near-constant moisture can cause the growth of things like algae and moss. While these might seem like only a cosmetic nuisance, they can lead to a serious breakdown in your shingles.

Excessive heat can also cause buckling and warping. Beyond that, there’s the danger of tropical storms and hurricanes, which bring with them wind, rain, and downed trees. If you see any of these happening with your roof, you’ve got a problem brewing.

If you’ve discovered structural issues with your home, your temptation may be to throw in the towel. Looking down the barrel of tens of thousands of dollars in repairs would make anyone feel hopeless. But don’t count yourself out yet!

There are often buyers willing to invest in a home as-is, despite structural issues. But if you’re not interested in bringing in a realtor and going through the process of listing and showing your home, only to give away a percentage of what you earn on the sale in fees and commissions, then a cash home buying company would be a great fit for you.

The Buy Guys purchase Florida homes in a wide variety of conditions, including those with structural damage. Give our team a call today to get started, and let us help you sell your house with structural issues in less than 30 days, for cash!