Selling your house doesn’t have to be costly. Your home is a big asset and you wouldn’t want to spend a lot and get a less than the desired value. You might be thinking that selling a house will be an expensive and never-ending, which is partially true. However, we would like to tell you how you can find ways to save money while selling your home quickly and cherish the yields of the sale.

Sell Your House for Cash

Selling your house for cash is the most feasible solution while selling your home, how? Selling a house for cash has several perks like, the sale closes in a much faster timeline, which allows you to proceed with your timeline. Second, if you choose Elite Properties you can sell your house within 3 days, so if you have a tight deadline, you have a solution. Third, you are proposed with an all-cash offer which means you have immediate cash for your next purchase.

Avoid Real Estate Agents

As much as real estate agents are saviors in the home selling process sometimes it’s better not to pick them. Why? Hiring a real estate agent has many pros, but in the specified situation there are none. When you hire an agent you are automatically liable to pay the fees in multiple facets like commission and sale profits. Paying additional costs might decrease the value of your sale and would not produce any profits. In the worst-case scenario, you would end up spending a lot rather than saving. Also, an agent will take his or her time to make a fast paced sale which will again cost you dollars.

For Sale By Owner

A ‘For Sale By Owner’ or FSBO listing is one thing that is accessible while trying to save money. The process can save you loads of money and can guarantee a profitable sale. There are many phases to such kind of a sale like; walkthroughs, attending prospects, marketing your property, etc. which will be solely done by yourself. Handling all these things at once might be challenging as it consumes a lot of your time. As a drawback, conducting showings and attending prospects personally will hamper your daily routine. You’ll have to perform repairs by yourself instead of a handyman, remember leave no space for any glitch.

Although, you can utilize the digital era to your advantage, taking pictures of your property (some exclusive drone shots) will help entice prospective buyers. You can list your property online for free on social media platforms that will serve you in gaining positive attention. By doing this you are cutting the costs of hiring a photographer and a broker which typifies into an expenditure of more than a hundred dollars.

Sell House With Repair Discounts

Selling your house with repair discounts is the finest option to get away from a rugged property. If a part of your house is in a bad condition or requires a little more than repairing, you can list your property with a repair discount. A repair discount is when you sell your home by cutting a little chunk of the amount as a credit to the buyer to make further renovations. So instead of spending your equity, you can let the buyer make renovations according to his or her desired taste. Also, when you make repairs on your own the estimate will add construction costs, which is a mandated expense to your budget. You can sell your house in as is condition to we buy houses for cash companies it is one of the best option rather than doing repairs by yourself.

Consider DIY

As stated above doing things on your own will save you from bleeding dollars from the pocket. Your home is probably functioning great but what about aesthetics? You would require a painter, a handyman and for minimal repairs probably a plumber. Hiring people for each job can be time, energy and most importantly money consuming. Consider the ‘Do It Yourself’ technique, you can perform many things on your own like painting, cleaning, staging (if required) and repairing. This will work like magic on your estimates, as a result you’ll save thousands of dollars, which helps in retaining your equity. Although, DIYs are fun to do, you also have to keep in mind it will require all your efforts and time which you are surely running out of.

Sell Your House As-Is

Selling your house as-is is a better option than FSBO, how? FSBO listing will take up a lot of your time and energy whereas selling your house as-is will need none. This process doesn’t require a lot of time or any legal documentation as well. Selling your house as-is to cash buying companies will offer you the fair market value of your house by considering the condition of your house as well. They will also propose you with an all-cash, no obligation offer which is a cherry on the cake.

If you want to sell your house fast for cash or have any query regarding the real estate crisis we will be happy to help you. Get in touch with us today to learn more about ‘How can you save money while selling home’. Reach us at 718-977-5462 and we will provide with quality solutions for all your problems.

When you are stuck in a rut and have no money to do the existential repairs, opt for selling your house as-is. Selling house as-is doesn’t require improvements before selling to companies that buy houses in any condition. You might be thinking how do I sell my house as-is fast? We have a complete plan of action that serves your purpose of a quick home sale. Scroll down below to see how selling as-is the best option in your tough times.

Selling Your House As-Is, What Does It Mean?

Selling your house as-is means: a seller selling the house in its existing condition with flaws and undone improvements. As-is defines “as it is”, which means the seller won’t pay any additional costs in doing the costly repairs. While transaction the seller and buyer should be in complete mutual agreement of the deal. The buyer has to sign a legal document which indicates he or she comprehends the conditions of the contract and is ready to buy house in any condition.

Why Selling Your House As-Is Is An Option?

There are many reasons why people choose selling house as-is as an option. Home sellers opt for this option where they find themselves in a situation where they cannot afford improvements or have a tight timeline in terms of migrating due to work. In such cases, people tend to sell house fast to exclude the troubles of getting into legal processes, additional closing and repairing costs. Some instances are also emotionally drowning where selling your house as-is is a wiser pick.

For example: when a couple ends up having a divorce or a family which is going through a financial crisis will prefer selling house as-is to avoid foreclosure. Financial distress, migration, unaffordable repairs stand to be the topmost reasons to sell house as-is.

The Best Mode to Sell Your House As-Is Fast

The only best way to sell your house as-is fast is to sell it to we buy houses for cash companies. ‘Elite Properties’ aids you in selling your house fast for cash. Companies tagged under the label ‘we buy houses any condition’ proposes you with an all-cash offer. It is really important to avoid soaring your expectations from the deal. As a seller you have to keep in mind, you are selling your home in its existing condition without performing required improvements hence, you will be proposed with a low-balled offer. The good point here is that these companies provide you with an offer based on the current fair market value of your property. 

Benefits Of Selling a House As-Is For Cash

As stated above financial uncertainty leads you to an emotional trauma where the only option to get out of the problem is to sell your house as-is. Choosing the option of selling home as-is for cash provides you with multiple benefits. As you are not selling house by owner or with the help of a real estate agent you don’t have to perform a pre-listing inspection.

When they say ‘cash is the king’ it is certainly true. Although, you might achieve lowballed proceeds of the sale, it still covers your basic requirements. When you sell your house to cash buying companies it eases out the complicated home selling process. We would like to shed light on some benefits of selling your house as is for cash –

• When you choose we buy houses any condition company, you eliminate expenditure on costly repairs
• They don’t ask for any legal documents except the seller’s agreement, which eludes the hassles of legal documentation
• Company like ‘Elite Properties’ allows you to sell your house within 3 days, this enables you to work according to your planned framework
• The company proposes you a no obligation and fair all-cash offer
• The company provides with the closing costs

Last Words

When you choose ‘Elite Properties’ you don’t get the need to deal with a realtor and get yourself in the lengthy home selling process. You can sell your house in any condition, any location to us and we will provide with an all-cash offer. Call us today on 718-977-5462 and sell your house as-is quickly at a fair price.

Losing your home in a fire is a traumatic situation for any home owner. Such situations can leave people in emotional and financial drainage. As the amount of loss is high and the scope of improvement is naught. The amount of tangible destruction that these items cause to the property is devastating. In such instances people often tend to ask a question, how do I sell my house fast with fire damage? First off, ask a question to yourself do you want to repair and sell your house? Or sell it directly to cash buying company?

Fire damage can be a serious thing to tackle as nobody is prepared for the later consequences of the loss. The destruction caused can be to such extent that homeowners prefer selling fire damaged property rather than spending dollars in repairing. First off, get a home inspection done to get the actual worth of your property post the accident. Once you know the value and the percentage of damage you can calculate the amount required for improvements. As you have chosen selling as your option you can list your property by yourself which will evidently cost a lot. Else, you could sell your house as is to cash buying company and save yourself thousands of dollars and time.

How to Sell Your Fire Damaged House Fast?

Selling a house with fire damage could be difficult but companies that buy houses in any condition makes everything easy. These companies do not ask you for any legal documents for closing the deal. Although, it is advised to keep a copy of your insurance, claims, police reports and repairs that you made. Selling house as is slashes many hassles of paperwork and saves you a lot of time and money inclusively. We buy houses companies like ‘Elite Properties’ buy your house for cash in any condition. As stated above choosing such companies will save your time as they close the deal within 3 days. Choose for yourself if you want to spend money on repairs and rehabilitation of your property or gain a cash offer by selling your house with fire damage. Selling your house in as is condition will additionally provide you with the Fair Market Value of your house.

If you are thinking to sell a fire damaged house, you need to do home improvements and home repair to make it ready for sale. Scroll down below to follow the things need to be done –

Get To the Cleaning and Improvements

Repairing your home promises you a better sale but it also comes with a price. Relying on the ratio of the damage repairs can be relatively expensive or even unaffordable. If your home has gone through structural damage, you’ll be bleeding thousands of dollars from pocket. Whereas internal damages can be less expensive. If the majority of damages are claimed you’ll probably only need a little amount to cure the burnt damage.

Fire causes extreme damages to the property, some damages leave the house in an uninhabitable condition. Although, it can be worked out if you have time and dollars to spend. A fire hit house can set you back by 4,000 to 40,000 dollars minimum. The costs vary with the amount of damage caused, in most cases you might need to reconstruct the entire home which is double the retail value of the property. Additional costs will play a massive role in repairing the roof and ceiling if it had caught fire.

Furthermore, repairing requires a lot of your time which goes into the monitoring of the improvements. It takes a toll on your head if you hire contractors to do the needful and creates unwanted hassles. Here the best option to save yourself from the situation is to sell your house as is.

Isolate Damaged Items and Coordinate with Insurance Companies

An insurance claim can cover repair costs or can provide you with the payment for your new home. Although, they have certain restrictions and factors to be assessed upon, which doesn’t aid in anything but energy consumption and stress. As per the policies, some insurance companies might ask you to do a proper documentation of the damage caused. You are expected to click pictures and write descriptions in detail for the inventory. Some mandatory things required to put in the list are –

• Model number
• Serial number
• Purchasing date of the item
• The amount
• A short description of the item

Fire damage claims are the top priority for insurance companies. The company sends an inspector to inspect the damages within a few days so the claims are processed as soon as possible. It is advised to organize the documents promptly to avoid chaos. If you are providing the given details then it becomes easy for the company to document it and claim for the rest. 

There are three mandatory steps to claim an insurance –

• Reporting of the incidence
• The company sends an insurer to evaluate the loss and how much you will be paid
• Post the above step the company sends the check through the mail or transfers the amount directly to your bank account

With the ever increasing fire damage property cases it becomes crucial for you to thorough the fire insurance claiming / filing process. In situations where you need to empty the property quickly, you’d leave your vital items in the home. Here, you can urge the insurer to provide you with the advance amount from the insurance to cure the loss.

Find a Temporary Livable Place

As your home is not in a habitable condition you would want to move out until the damages are cured. Such situations are really excruciating as you are already paying for repairs and rent just adds on the expense.

Selling Your House with Fire Damage

A cash home buying company might be your single source of receiving profit and getting rid of fire damaged property with no improvements done. You do not require a realtor to sell your home for cash you can do it yourself and get provided with a no obligation cash offer.

Although, if you choose the traditional way of the home selling process it is suggested to be prepared for a time and money consuming course. If you are stuck with any other real estate related crisis, Elite Properties New York will be at your rescue. Call us on the number given here 718-977-5462 to learn ‘How do I sell my house fast with fire damage’.

Selling an inherited property can always be the safest option rather than preserving or moving in it. An inherited property is a beautiful gift that is passed on to you, but with the very same gift comes burden as well. In such a situation selling the inherited property is the smartest move. If you have never sold a home before, you are certainly going to face challenges during the inherited home selling process. As difficult as it is we will provide you with a full-fledged mode of ‘How to find the value of your inherited property’ that will help with the process to sell your house fast.

Calculating Cost- Basis of an Inherited Property

The cost-basis calculations of an inherited property vary from other mandatory taxes. The cost-basis calculation is based on the Fair Market Value of the property at the time of the homeowner’s death. It can also be calculated when the homeowner transfers the assets to the descendant.

In case, if the worth of an asset or property drops during or post-death, you can choose a valuation date. The valuation date is six months after the death of the owner. By choosing a valuation date you can help reduce the outstanding taxes on the inheritance.

Note: There are no federal taxes levied on an inherited property in some states. Although, few of them still clasp a tradition of levying duties as per the relationship with the person who died.

For example: The spouse of the person died is not liable to pay inheritance taxes. Whereas, a descendant often pay the duties.

Get the House Inspected and Appraised

It is very important to get the actual value of inherited property. Getting a home inspection and an appraisal serves to get the actual worth of your property. Before you price your home make sure you hire an evaluator who holds experience with inherited property. There are multiple factors that derive the appraised value of your inherited house. The price of the property will be appraised on the grounds of the condition, required improvements and current market value.

Price Suitably To Sell Your House Fast

People often forget pricing your inherited property high may never lead them to the desired sale profit. We know an inherited property has many memories attached to it although, it is crucial to move on with it. Don’t let the memories decide the price of your house. Weigh your needs and act accordingly, if you are in a rush propose a lowballed offer and get away with the pain of maintaining the property.

You can utilize many online tools to carry out a Comparative Market Analysis (CMA) and get an accurate price by comparing comps. Keep in mind hiring a real estate agent will not come handy. Selling your home through an agent will take days and months including the agent’s fees and property taxes.

Add “Repair Discount” In the Offer

An inherited property requires endless repairs. You need a big chunk of separate amount other than extra costs and taxes to pay. As the property is transferred under your name, you become liable for all the repairs you conduct. You can choose to do the required improvements solely if you have enough time and dollars to spend. You can also choose to give a ‘repair discount’. By giving a repair discount you are eliminating the hassle of performing the repairs yourself, which eventually saves you a lot of time and money. Repair discounts also entice buyers as the figure of the property is deducted by some amount.

Capital Gains On Selling Inherited Property

If you have made up your mind to sell your inherited property, you cannot free yourself from the tax obligations. When you sell an inherited property the cost – basis is the date of death or the alternate date (valuation period). If you opt to sell an inherited house fast, your capital gains will be minimal. Although, if you hold onto inherited assets for less than a year you will be taxed as same as it would cost for a year.

For example: If the cost-basis of your inherited property is 3 million dollars and the price for which you sold your property is 3.1 million dollars, you are only liable to pay capital gains for the extra one million dollars.

Inheritance Tax Exemptions

Inheritance taxes vary from state to state. The exemptions from inheritance taxes depend on the relationship with the person died. Generally, the surviving spouse is exempted from the inheritance tax. The closer the relationship with the deceased the lower the taxes levied.

Similarly, inheritance tax threshold varies from the state to the relationship with the decedent. The threshold amount varies from 500 dollars to 40 thousand dollars, the tax rate ranges from 1% to 18%. Usually, a state might charge 13% tax on your inheritances. 

Sell Your House Fast For Cash

If you want to sell your inherited property fast, contact cash buying companies like ‘Elite Properties’. The company will buy your home as-is in any condition, which means getting away from the hassle of legal processes. Opting these companies will save your ample amount of time and money furthermore, they propose an all cash offer.

When you are proposed with ‘inherited property for fast cash offer’ and have multiple beneficiaries, it is easy to split the yields of the sale. If you are thinking to sell your inherited house fast, we will buy it for quick cash. Get in touch with ‘Elite Properties’ and get ready for a stress free home selling process.  

Take each step carefully or you’ll lose it. With multiple processes involved, home selling is a big and difficult transaction. You’ll have to deal with certain things across the lengths of the process to make a speedy sale. There are numerous tips and tricks to make a fast-paced sale as far as first-timers home sellers are concerned.

As nobody explains about the whole scenario of the home selling process to beginners. We are here to share the 5 tips for first time home sellers. The tips below will help you with an effective sale, promising greater profits.

Set Your Home Selling Goals

It is extremely important for you to set your home sale according to the timeline. Ask questions that satiate your purpose of the sale. Your timeline influences differently on how you sell your home and also set a price. For example: If you want to sell your house fast then you have to propose a lowballed offer. Another situation, if your timeline is flexible, you’ll probably want to wait for some time, make required repairs and then sell for a higher price.

Prepare Your Home for Sale

There are two phases in which you’ll have to work for preparing your home for sale. First is enhancing the curb appeal. Second, to make necessary repairs in your home that requires special attention like ill-fitted drainage system or constantly leaking sewage tanks. Lastly, you can choose staging to attract potential buyers. As a first –timer it is important to keep in mind not to go overboard with staging as it might look fake.

• Curb Appeal

A buyer will always see your home’s exterior first hence, enhancing the curb appeal of your house is important. How do you enhance the curb appeal of your exteriors? If you have a front yard check if the grass is trimmed, the porch is swept neatly, no garbage bags are kept on the front door. See if the exteriors of the property do not have any cracks or peels. You can also paint a coat of fresh color if required to make the exteriors more enticing.

• Pre-sale Repairs

If you are thinking about how to sell my house fast? Then the sole answer for it is “Repairs”. Repairs play a vital role in the home selling process. Although, it is important for you to understand over expenditure is a big no as it affects your closing costs. You can start by making a list of minor and major repairs. Major improvements will consist of curing ceilings, painting walls, bathroom fixtures, etc. whereas minor repairs can be stated as changing upholsteries, polishing the furniture, etc.

• Staging

While major change requires dollars, minor ones can be covered by staging by spending less money. As staging requires no money, we’ll tell you how it is done.

• You can strategically arrange the furniture in such a fashion that your room looks spacious
• Change the dull white lights to bright yellow lights to provide a sense of warmth in the house
• Clean up your upholstery, blinds and curtains to make them look fresh
• De-clutter the extra furniture or handicrafts that block walkthroughs
• Mow the lawn
• Clean the windows till crystal clear
• Keep flowers on the center table to add color in the room
• Put aroma candles in rooms and bathrooms
• Put carpets and welcome mats

By performing as little as stated above you can make a big difference in your home sale. Staging attracts many buyers and provides you with a profitable sale.

Research and Decide a Feasible Home Price for Selling

When you are selling house by owner or self-listing in the market, pricing the home stands to be the most crucial part of the home selling process. A seller will always want the highest bid in the shortest span to close the sale quickly. Carry a CMA (Comparative Market Analysis) and look for a feasible price that suits your needs. Keep in mind the price should also cover your closing costs including improvement charges. A CMA will enable you to understand the current price of the market as well as the neighborhood and locality around.

While listing you can also mention the expiry date on your house’s offer. Mentioning an expiry date creates hustle between buyers further, you can pick the one offer which feels appropriate.

List Your Home in Market

Majority of the home sales take place virtually, potential buyers view listings online to check multiple offers. You can utilize social media to your advantage, click true images of your home and post them on public platforms. Write a beautiful convincing description about the property to engage prospects. You can also do virtual tours and Vlogs to give an in-depth look of your home. Furthermore, you can opt for the traditional way of marketing your home by posting ads on newspapers and mass media.

Note: Try to sell your house in the peak season which is spring. Spring is the busiest season which means more prospects and offers.

Sell Your House Fast

Selling your home to “we buy houses for cash” companies is the easiest option when you want to sell your house fast. Companies like ‘Elite Properties’ buy your house as-is and provide you with an all-cash offer. While approaching such companies you don’t have to worry about the staging and improvements. Additionally, you don’t have to worry about the sale season as these companies buy houses throughout the year. As selling a home is a daunting and difficult task companies tagged under ‘we buy ugly houses’ label act as saviors.

If you are residing in New York and are selling home for the first time then get in touch with us or call us on 718-977-5462, we will buy houses within 3 days and pay you the closing costs as well. Rest assured home selling would be as simple as you could imagine.

Maximum homeowners with big houses wish to keep tenants for a passive income. Although, the dream of having cooperative tenants who timely pay rent hardly exists, in most cases it is non-existent.

In such situations, you tend to feel helpless and are likely to seeking help with the home selling process. If you are one of them who are stuck in a rut, then you can learn how to sell a house with bad tenants.

Difficulties That Occur While Dealing With Tenants

Troublesome is the word; tenants are known to be the problem creators of the tiniest issues. There are multiple reasons that landlords are forced to evict tenants or drag them to the court. Reasons like property damages, inopportune rent/bill payers, pet owners, whiners, etc. These are some of the difficulties that occur while dealing with bad tenants. Here, you have to make sure that you screen your tenants thoroughly before letting them in.

1) Issues That Landlords Face While Deciding To Sell House Fast

Every issue has a specific outcome. Selling a house that has a bad reputation is impossible, nobody invests in a property which is low in standards. While you are planning to sell your house fast, there are obstacles which influence the home sale. Issues like high turnover rates, late rent payments, legal troubles, constant evictions, and disruptive tenants make it much more challenging. Other secondary things like pest problems, broken appliances, roofing issues are some of the improvement issues that a landlord faces.   

2) Is It Possible To Sell My House With Sitting Tenants?

Nothing stops you, you can still sell your house fast and list your property in the market. The only struggle will be to spot potential buyers. You’ll have to try hard to collect interested buyers and tell them about the complete tenant situation. If you are still struggling to get access to the property then you are left with two options which are –

• Look for a clause in the agreement that allows access under specific circumstances, where one can legally access property by giving 24 hours of notice.
•  Option two, offer one-off reduction to the tenants

2.1) Consider Eviction

If your tenant is violating clauses from the agreement you can take legal actions. It is highly advised to not to lose your calm as it will make things worse. If situations still slip out of your hand then eviction is the only option left. You’ll have to approach a legal upper-hand and go through the legal processes. You can contact we buy houses New York companies and get things done. The company will buy your house for cash and also take care of the tenants as well.

Companies like ‘Elite Properties’ will provide you with a fair, all-cash offer. You can sell your house within 3 days in any condition and still get a profitable deal.

2.2) Know Your Landlord Rights

The most important thing you would want to note down is the decision of selling the property is not affected by any means. If you have a tenant that has Assured Shorthold Tenancy Agreement then it gives them the right to stay until the contract expires.

If you have signed an open-ended agreement that has no expiry date then start looking for a break clause that permits you to lay off the tenancy agreement. Lastly, if you are uncertain about the situation then consult a solicitor.

3) Sell My House Fast

Many people get stuck while selling their house, why? People have a misconception that if they sell their house fast, will they receive the cash? The answer is yes. Selling your house to companies that buy houses for cash will provide you with fair deals additionally, they buy your house as is. If your situation is desperate and the tenants are not willing to move out, this is an ideal option for you.

You can also sell your house as is with or without tenants, get in touch with we buy rental properties company like Elite Properties. They buy houses for cash and take care of the rest of the procedures like sending notices to tenants, preparing documents, etc. Selling your home to a ‘we buy houses for cash’ company will make the home selling process quick and keep you away from all the legal hassles as well.

Before You Dive In To Sell Your House with Bad Tenants

We hope you consider the given conducts and try to take each step with utter precaution. In the blog above we have mentioned how to deal with bad tenants and make a faster sale. Furthermore, you can contact ‘Elite Properties’ at New York and get all your real estate issues sorted before you end up in a mess. 

Selling a home is a daunting process, it is said to be a very exhausting period in a homeowner’s life. The home selling process involves a lot of legal procedures and paperwork, which causes havoc. The whole phase is a combination of financial, physical, and mental concerns which an individual goes through.

In this catastrophic situation, we would like you to find out the 5 do’s and don’ts of selling your house fast.

Significant Do’s and Don’ts

Scroll down below to see the top 5 important do’s and don’ts that will accelerate the home selling process.

• Repay Debts, Keep Legal Documents In Place

Do’s –

Firstly, it is important to keep your documents in order for the legal processes that will take place in the future. You will need documents like sale deed, mother deed, and other mandatory documents required for selling the home. Additionally, it is highly advised to repay the outstanding encumbrances, which will help in building trust with the potential buyer.

Don’ts –

If you miss any important document while preparing to sell your house, you might be in big trouble. A missing document will prolong the sale and you won’t receive hefty profits on the property. If you misplace a deed the buyer will propose a lowballed price for your home, which is a big loss. Similarly, if you have any remaining debts, you must clear it off beforehand to obtain a decent credit score.

• Preparing Your House For Sale

Do’s –

Shabby conditions are not acceptable, you must make the required improvements to convince buyers. There are multiple prerequisites which should be satisfied before you list your house for sale. Basic things like moving the furniture and spacing out the area will do the trick. Decluttering of unwanted items will make your home look voluminous and airy, which eventually entices buyers.

Don’ts –

If you are carrying out improvements, you should keep in mind; overdoing the things will not help. As repairs need a substantial amount of money, it also requires an ample amount of time. It is suggested not to overdo unnecessary repairs or improvements, as it will cost you a handsome amount of money.

• Market And List Your Home

Do’s –

Marketing can create wonders. If you market a product rightly, it could lead to the right audience. Similarly, is the case with real estate, if you do appropriate property marketing, it will reach to potential buyers. To market the property start clicking good pictures and write a realistic description of the house, neighborhood and nearby places. Furthermore, you can print flyers, post free advertisements online, print advertisements in newspapers, etc. By promoting your house, you are creating a community of buyers that would be interested in buying your property. Stress on promoting your property over the web, around 80% of home searches begin with surfing on the internet, so why not be a part of the digitalization.

Don’ts –

Marketing is to promote a product’s feature and make people utilize it. While all this is true, people think fake assembly of descriptions and pictures would entice buyers. Absolutely not, by writing fake descriptions and staging your home, you are creating a fuss for the future. Fraudulent sales are subjected as crime, it is better to portrait what is actually yours and keep yourself safe.

While calculating the value of your home, it is essential to set a realistic price for listing. Overpricing your home will lead to a loss and also it won’t lure buyers. Furthermore, do not trust the myth that selling your home in spring is the only option to acquire bigger profits. A potential buyer will buy your house in any condition if he or she likes it.

• Get In Touch With A Real Estate Agent

Do’s –

Hire a real estate agent who knows the tricks of the trade. Make sure he knows about the locality, neighborhood, recreational areas, comparable properties, etc. A real estate agent will help in evaluating the actual price of your home and make your ship sail smoothly.

Don’ts –

A major mistake that most homeowners make is, they rely on the real estate agents very much. Although trusting isn’t wrong, but the blind trust that people put on them could be scary. It is indispensable to conduct simultaneous online research to verify your real estate agent’s evaluations.

A Checklist To Look At, Before Selling Your House

Apart from the given, there are many other aspects which are equally important as the do’s and don’ts. We would like to provide you with a checklist that will help you in selling your home fast.

• Take suggestions and feedback from the real estate agent positively
• Calculate the fair market value of your property and then calculate the property’s worth
• Provide walkthroughs for potential buyers
• Do not hand over the original documents before registration
• Consult with companies that buy houses for cash for faster and profitable deals
• Don’t keep on rescheduling appointment with buyers, they lose interest in the deal
• Repair sewage tanks and pipes
• Light scented candles and put flowers around the corners of your home, as curb appeal is important
• Take care of little things while providing a walkthrough, like keeping your pets out of sight from the buyers. Apparently, everyone is not a pet lover
• Put bright lights in your home so nothing goes unseen or unnoticed
• Don’t let the emotional roller coaster hamper your home sale

Our Concluding Words

While selling a property is a strenuous task, the above do’s and don’ts will make the process easier for you. Keep the mentioned points in mind, rest assured you will close the deal positively. If you are living in New York and suffering through the same problem, get in touch with ‘Elite Properties’. They moreover help you with other real estate crisis and provide with precise solutions. If you want to sell your house fast, inherit a home or get in touch with real estate agent, call on this number 718-977-5462 and get your queries sorted.

Relocating and selling your house requires time and these situations often occur when you are falling short of it. If you own a house and are relocating to a new area, there is a lot of pressure coming your way. In the following blog, we will be explaining the options to consider when selling your house while relocating.

Reason for Relocation

As stated earlier, the reasons for relocating and selling your house are infinite. In the majority of cases the reasons for relocating is due to the change of occupation, being promoted, new job opportunities, transferred or deployed overseas, etc. There could also be other reasons like you are going through a divorce and do not wish to keep the property anymore. Else, post-divorce you got the house in alimony, but wish to sell it for gaining financial stability.

Ways to Sell Your House Fast

Relocating is a very stressful phase for a homeowner. There are multiple ways to sell your house, which has its own pros and cons. Moreover, there are multiple factors involved in the home selling process. Factors like if you are capable of paying two mortgages at once? Do you have enough equity? etc.

Given below are some of the ways to sell your house –

• Rent Your House

If renting is on your mind, then read this before you proceed. Although renting sounds like a great source of passive income it also comes with liabilities. Renting your house means investing ample amount of time in preserving the property and managing it. If you are a truant homeowner renting your house turns out to be a mess altogether. You’ll require money for improvements, you’ll need a person always available to satiate your concerns for the property’s issue like painting, plumbing, power supply, etc.

You will have to apply for a home owner’s insurance, which is 25% more than classic home insurance. Additionally, you are also liable to pay the capital gain tax on the basis of your rent. Briefly, it will cost you money and time with added risks.

• Bridge Loan

A bridge loan will help you in the current situation. A bridge loan utilizes your current property as a security to finance your new property, away from the state. It is typically sanctioned in the span of 6 months and holds a higher interest rate than an average loan. Here, you can purchase the new property, sell your old house later and collectively pay off both mortgages.

As it sounds like a robust solution for your problem it also has a disadvantage. The drawback of a bridge loan is that your property should be lien-free and your credit score should be positive.

• FSBO (For Sale By Owner)

FSBO (For Sale By Owner) is a mandated way to list your property on market for sale. You have to prepare your house in regards to the repairs and upkeep. Post preparing the house you have to market it. You can do it yourself or hire a real estate agent. Your home will require a detailed description and pictures of the property for listing. Besides, you can advertise your property locally by printing flyers and posting ads on newspapers. You’ll also have to schedule walkthroughs for potential buyers. All your transactions will need a legit proof which you can’t run away from.

By reading the above you might have understood this is not probably the solution you are searching for. Opting for FSBO will request for a lot of time which you are lacking currently.

• Sell Home For Cash

If you are in a situation where you have to buy and sell property at the same time, then selling your house to companies that buy houses for cash is the best option for you. ‘Elite Properties’ is a company that states ‘we buy houses all cash’, you can also sell your house within 3 days in any condition to them. Selling your home as is to cash buyer will directly cut down your time and take you away from all the hassle of legal processes.

Last Words, Before You Sell Your Property

In the blog above, we have briefly mentioned about the possible reasons for relocating inclusive of the methods to sell your house. We hope the specified ways would aid in selling your house fast. Whatever your problems are, there is always a solution for it. If you are living in New York and want to sell your house reason being relocation, you can get in touch with us by calling on this number 718-977-5462. Rest assured we’ll provide the best solution for your real estate queries.

A divorce is a very stressful situation, not just for the couple who are separating but also for the rest of the family as it includes several decisions that can put many lives on stake. Similarly, the case is much complex when property and money is involved.

We are here to help you in this crucial time and guide you through the topic; understanding how to sell a house fast during divorce, where you would want to make firm decision-making moves and remain stress-free in the coming time of your life.

Establishing Ownership

Establishing ownership is done for determining the possibility of how the couple can sell a home. Ownership of a home means; where either of the parties have lived for a substantial amount of at least two years for tax concerns, which is usually pre-defined by the state. In some states the law says; if a person who purchases a property on their own name then, in that case, that particular person is the sole owner of that property. Meaning, if the person decides to sell the property he or she will be entitled with the proceeds.

While in most states the people obey the common law standards which states; if the non-owning partner resides in the home for some years and contributes partially for the appreciation of the property such as paying installments or settling mortgage by some amount, then that person or the spouse would keep a major financial interest through the profits that would be achieved post-sale.

Splitting Assets And Capital Gains Taxes

The division of profits after the home is sold relies on aspects like mortgage debts and other liens like outstanding property taxes including the additional terms of divorce. There can be moderate alterations while a divorce is finalized, reason being either of the spouses would have invested a large amount of time or money respectively.

Capital gain taxes means; if you have held on an asset for more than a year then you are liable to pay the duty on them which is also known as tax paid on capital gains. If the married couple has filled jointly, they may exclude around 500,000 dollars of the proceeds from their tax liability.

Post the divorce process is complete the tax exclusion has dependencies on each spouse’s qualification of the exclusion. If one spouse can meet the requirements then he or she may exclude up to half the amount that is 250,000 dollars whereas the other one would only be able to claim a partial portion of the amount.

When To Sell A House?

• Selling House Before Divorce

Selling the property before divorce has its own benefits which are associated with liquid assets and tax liabilities. If the couple has been living for more than two years in the property, then it has no apprehensions that either of the spouses will miss to satiate the requirements for a full exclusion of 250,000 dollars per person for capital gains. Furthermore, the profit from the home sale will be spilt that would provide funds to pay outstanding debts and start a new life.

• Selling House During Divorce

Selling your house during a divorce is very strenuous, as divorce in itself is an expensive process. There is a lot that goes into a divorce which is paying lawyer’s fees, splitting of assets and piles of other expenses that occur overtime. While selling your house during divorce is expensive, it can provide moderate protection for both parties. It can aid in funding long divorce processes, when there has been great negotiation involved to settle down the deal. You can also sell your house to companies that buy houses for cash during divorce and sell Your House within 3 Days. You’ll get cash in return for your property which helps both partners in their new beginnings.

• Selling House After Divorce

Couples who have children look for an ideal time to sell the house. In some cases, the person residing in the house post the divorce is finalized will buy the other partner’s interest in the home for an unsoiled sale. Whereas, other couples may decide to pay the mortgage installments to meet child support obligations and alimony.

If the above mentioned process prolongs for more than three years before the sale is complete then the spouse who is no longer living in the house is liable to get the larger share of capital gains taxes post sale.

Consider A Short Sale

If you have remaining outstanding debts left, you’ll have to decide mutually who is going to pay the remaining amount. If nobody agrees to pay, then considering a short sale might be the smartest option for you. It will help in accelerating the daunting home selling process. With the help of Elite Properties’ you stay stress-free as we take care of all the legal process required for a short sale.

A short sale is an agreement with your lender which states the house can be sold for less than your mortgage amount. Opting for a short sale is much preferable than having a foreclosure, a foreclosure might ruin your credit score for seven years, while in a short sale you’ll be tagged clear.

List Your House For Sale

If you wish to sell your house while having divorce then you should consider to listing your house for sale. You can get in touch with a real estate agent who will provide you with the best estimate of your property or you can hire a professional appraiser too.

It is advised to do the required upkeep of your house in advance and perform minor improvements as it will help in surging the cost of your home. Factors such as condition of the property as a whole, size of bedrooms, carpet area, neighborhood, improvements that are required, etc. will decide the final appraised price of the property. A real estate agent will also think through the recent sales and comps in your locality to cross verify.

Although, it is a time taking process and if you think to work on a faster pace this isn’t a suitable option for you.

Sell Your House Fast For Cash

Multiple options have been stated, which could apparently be time taking and energy consuming. Divorce is a situation where you are emotionally drained. In such times, you may be searching for companies that buy houses fast, which will help you get away with the never-ending home selling process. ‘Elite Properties’ is a ‘we buy houses for cash company’ in New York that buy your house in any condition and proposes you a no-obligation cash offer. You can sell your house within 3 days without the hassles of the legal process and expedite the home selling process. This will help you save a lot of time, energy and definitely money as well.

The Bottom Line

In the blog, we showed you a complete scenario and made you understand the possibilities of selling your house fast while going through a divorce. Besides, If you have any other real estate related concerns you can get in touch with ‘Elite Properties’ they will help you with all your distresses and provide the best possible real estate associated solutions each time.