Wednesday, June 13, 2018

Common Questions That Arise When Dealing With An Inherited House

Inheriting property can prove to be bittersweet sometimes. It is great to find out that someone thought of you and chose to leave their property with you after they are gone. However, an inherited house can come with some challenges especially when there are a lot of unanswered questions. You will need professional advice to ensure you make the right decision concerning this newly acquired property.

common questions inherited property

In most cases, homeowners acquire homes on a mortgage basis. It is important to find out whether the house you are inheriting has a mortgage on it. Jessica Bleck explains what you should do in one of these situations:

What Should I Do if I Inherited a House with No Mortgage?

If you find yourself in a situation where you have inherited a house, the first thing to understand is whether or not there is still a mortgage.

If you inherit a house with a mortgage, you, unfortunately, inherit the mortgage as well which can be a big financial cost.

But, what if you’re in the opposite situation?

Are you wondering, what should I do if I inherited a house with no mortgage?

This is the best case scenario when inheriting a house. You are left with a few options on what you can do with your mortgage-free home. Read more at John Medina Buys Houses…

A mortgage-free home will allow you to freely decide the best course of action to take.

common questions inherited property

Another common question that arises when it comes to selling inherited houses is capital gains. Liz Weston clarifies this matter in the following post:

Figuring out capital gains when an inherited house is sold. Spoiler: They’re probably small

Dear Liz: I’ve have been following your responses related to the tax exemption on home sales. I understand that up to $250,000 per person of home sale profit is exempt from capital gains taxes and that married couples are entitled to exempt up to $500,000.

My spouse and her two siblings inherited a home from their parents. My father-in-law passed away four years ago, and my mother-in-law died last year. My wife was assigned as executor of their living trust. Who is entitled to take the tax exemption of the proceeds from the sale of the house? My wife? All three siblings? All of the above and their spouses? Read more at Los Angeles Times…

You’ll need to be sure about certain important details, especially when you inherit property with your siblings or other relatives, in order to avoid unnecessary trouble.

common questions inherited property

Selling your inherited house will attract some taxes and if you’re wondering how they will be calculated, Julie Ryan Evans has the answer for you:

If You Inherit a House and Sell It, How Are the Profits Taxed?

If you sell your house and make a profit, you must pay capital gains tax—so does the same rule apply when you inherit a house from a deceased relative? The truth is that inheriting property can be taxing—both emotionally and financially. The amount you must pay when you sell an inherited property can indeed take a toll on your bottom line. But before we discuss the details, let’s take a closer look at what capital gains tax actually is. Read more at Realtor…

The bottom line when it comes to selling inherited property is that each situation is unique and will be handled according to its specific circumstances. Ensure you get the right advice for your actual circumstances.

common questions inherited property

If you have inherited a house and decided to sell it, there are many options you can go with. Additionally, if you need to sell your house fast in North Miami Beach FL, Sell Fast Fair Offer is here to give you a great deal. We will give you a cash offer within 24 hours of your call and thereafter, you get to decide when to close, depending on your schedule.

When you choose to work with us, we will save you the trouble of paying commissions and seller’s fees, because we will take care of that for you. Call us today at (305) 590-8500 or visit our website to learn more about us. We will be glad to work with you!

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Wednesday, June 6, 2018

Invaluable Advice For Landlords And Property Owners

Once you invest in the real estate industry, you are almost always guaranteed a worthwhile return on your investment. If you do it the right way, you could be looking at a long-term flow of monthly income. This will not only secure your future, but it will prove to be a great avenue for your children and even grandchildren to generate wealth.

However, there are some dos and don’ts to be careful about if this plan is going to be realized, and this post will look at some of them.

advice for property owners

One of the first things you need to have is a plan that guides your entire real estate investment strategy. JD Esajian compiled a comprehensive checklist you can use:

The Property Management Checklist Every Landlord Should Have

Acquiring a rental property is a great first step to building passive streams of income that help you increase wealth. But it’s just that, a first step.

At some point, you’ll need to delve into the world or property management and put systems in place to ensure your investment is protected –- and continually bringing in positive cash flow. In which case, a property management checklist can be an absolute key to saving you time and money on your rental property landlord journey.

So, whether you’re intending to hire a property management company or looking for property management tips so you can do the job yourself, here’s a property management checklist to keep your rental property affairs on track. Read more at Fortune Builders…

Regardless of whether you’ll manage the property or hire a company to do it for you, there is a roadmap that should guide the activities done when managing property.

advice for property owners

As with any investment, there are pitfalls that exist in the real estate sector when it comes to property management. The following post sheds light on some of the common causes of failure in real estate investment:

Scott McGillivray Reveals the Most Common Mistakes Landlords Make

Being a landlord doesn’t mean sitting around and waiting for the cheques to come in. While it might sound relatively easy, owning rental properties and managing tenants is like any other business. You have to plan, do your research and learn from the mistakes of others. Here are a few common mistakes that new, and even seasoned landlords make.

Underestimating the Amount of Work

Rental properties do not run themselves. I repeat, rental properties do not run themselves! While a secondary suite in your home can certainly be considered passive income, you still have responsibilities to your tenants.  Read more at HGTV…

Although passive income is one of the main reasons property owners invest in real estate, it doesn’t mean that the business runs on its own. Someone will have to make sure that everything is taken care of.

advice for property owners

This leads to the final consideration in today’s post. Who is best placed to manage your property appropriately? Sasha Karen gives an in-depth perspective on this big question:

Landlord vs property manager – who can do the job better?

Managing an investment property by yourself can save you money, while a property manager can help out a time-poor investor. Is it worth an investor’s money to hire a property manager?

In order to determine whether a property manager is worth an investor’s money, bank ME’s head of home loans Patrick Nolan goes through the process of what an investor does that a property manager can help with:

Finding a tenant

Mr. Nolan says property managers can usually charge an initial letting fee, typically equal to one week’s rent, for organising opens, interviewing tenants and making sure to carefully check references, all of which can be easily done by a landlord. Read more at Real Estate Business…

In the event that you need to sell your property for one reason or the other, you need to work with a trustworthy property investor that will offer flexible terms to maximize your returns.

advice for property owners

If you need to sell your house fast in Tampa FL, look no further than Sell Fast Fair Offer. Once you call us, you will receive a cash offer from us within 24 hours. You will not need to worry about commissions or even about sellers’ fees. You will also have the freedom to decide when to do the closing.

Call us at (305) 590-8500 or visit our website for more information on how we work. We look forward to your call!

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Wednesday, May 30, 2018

The ABCs For Preparing To Sell Your Home

What’s worth doing is worth doing well, and that definitely applies when you’re preparing to sell your home. It is a fact that a home is a precious asset that may hold a lot of sentimental value for you. However, this fact alone can twist your perception of the house. You may end up placing an unrealistic value on it, leading to unnecessary disappointment. Thanks to those who have done this before you, there’s a better way to prepare for this huge transaction.

preparing to sell your home

One of the most important things you need to do is have an accurate assessment of your home. Be honest with yourself by letting a neutral person(s) assess its value, as Margaret Heidenry explains:

Need a Reality Check on Your Home Before You Sell? Here You Go

We get it—you spent years turning your house into a cozy home. And everything from that perfect shade of gingham blue you painted the cabinets to the quirky old chair rail you preserved makes your home priceless, at least to you.

Still, when it comes time to sell your house, you need to take off those rose-tinted glasses and regard your house as a buyer would. Without this shift of perspective, you run the risk of overpricing your home or failing to make necessary renovations or repairs—all of which means your place could end up sitting on the market. For a long time. Read more at Realtor…

You’ll do yourself a huge favor when you choose to listen to someone else evaluate your home and offer their expert opinion on its worth.

preparing to sell your home

Once you get a crude assessment of your home, you can actually do something to make it worth even more than its estimated value. Elizabeth Clarke explains what you need to do to achieve this:

How to add value to your home before you sell: Nine simple tips

If you’re planning on selling your home, and you want to bag the best possible price, there are a few simple ways you can add value to your property without doing an expensive renovation.

“Your goal should be to attract your ideal buyer who can easily visualise living in your home,” says Sarah Elshaug of Maitland Street Interiors. “To achieve this, there are plenty of small improvements you can make whilst guaranteeing major impact come auction day.” Read more at Domain…

Well, you might not be putting your house up for auction, but the same principle applies – enhance your home’s worth.

preparing to sell your home

The next thing to do is prepare your home for sale. Sometimes it is the little things that actually have a significant impact on your home, as Ann Cohen and Gerald Alan explain:

Gerald Alan Realty – 5 Tips to Prepare Your House for Sale

Once you decide to sell your house, you need to consider a few things. For starters, you need to hire the right Real Estate Agent for your particular needs. He or she should know your market, understand your wants and needs, and they should have experience, knowledge, and integrity. You should know where you’re headed as far as what happens after you sell your home. Finally, you should know what to do when it comes to preparing your house for sale. Read more at Ann Cohen Writes…

There are many ways to prepare your house but it shouldn’t stress you out. Take one day at a time, and you should be good to go.

preparing to sell your home

If you need to sell your house fast in Orlando FL, you’ll do yourself a favor by working with Sell Fast Fair Offer. We will give you a cash offer within 24 hours of calling us. When you choose us, you’ll not worry about commissions or sellers’ fees either. You’ll also get to choose when to do the closing.

Call us at (305) 590-8500 or visit our website to learn more about how we do business. We’ll be glad to hear from you!

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Thursday, May 24, 2018

8 Tips For Selling A Distressed Property in Miami

10 Tips For Selling A Distressed Property in Miami

Selling a distressed property in Miami can feel like a challenge. How much should you spend fixing it? What’s is it really worth? Properties like this aren’t usually found on the MLS and are often avoided by many agents. This is simply because there isn’t a high market for homes like this. An investor will have to do the work before seeing the results. However, selling a distressed house can be very doable if you follow our tips below. Learn more about the easy way to sell now!

Tip #1 – Appeal To The Right Buyers

Not every buyer is looking for a distressed home. In fact, very few will be open to the idea. Think of who your potential buyers might be. Most likely it will be an investor or house flipper. You might find someone looking a fixer-upper themselves, but you can’t expect to get the same response as you would with a turn-key home. When selling a distressed property in Miami make sure you are getting it in front of the right people.

Tip #2 – Sell The House For Cash

Many people don’t know how easy selling a home can be. There are investors and home buying companies eager to purchase your fixer-upper home. This is an extremely beneficial alternative to a traditional listing. One thing to watch out for are inexperienced and unethical buyers. Make sure you are dealing with a reputable company such as Sell Fast Fair Offer. We make things straightforward, simple and transparent from start to finish. A good homebuyer will never pressure you to sell. Rather we will work together to find a solution that works for you!

Tip #3 – Don’t Over Spend On Repairs

So many people will spend money on repairs, only to set off a chain reaction of costs. Many times, people will repair the house as if they are going to continue living there. While fixing the house up can have a positive effect on your final sale price, now is not the time to spend your money on big-ticket items. They say kitchens and bathrooms sell homes. Try to make inexpensive improvements to these areas that won’t cost an arm and a leg. If there are repairs needed that can be fixed at a reasonable price, it might help you to attract more buyers. However, you can’t always expect to see a dollar for dollar return on your investments.

Tip #4 – Have Everything in Writing

A distressed house will often require many repairs be made. Make sure you have a detailed contract with the buyer, clearing yourself from all repairs that come up down the road. Set the terms of the deal and be as detailed as possible. You don’t want a buyer to come back after the sale attempting to collect money for an unexpected repair. When you sell directly to Sell Fast Fair Offer we buy as-is, fully taking ownership of the house and repairs within.

Tip #5 – Show The Potential

When showing the home to potential buyers, help them imagine what the home could be. You could opt to work with an interior designer or carpenter to help create renderings of what the house would look like after improvements. Add some comforts of home such as lawn chairs in the yard or fresh fruit on the table. It might seem strange in a run-down house, but it will serve as a subtle reminder that this could be an amazing house for the right person.

Tip #6 – Accentuate the Positive

Have a great view? Showcase the window to accentuate it. Play up and great features the house has so people are able to see beyond the chipped paint and soiled carpets. Instead, direct their attention to the fireplace by adding some flowers on the mantle, or show just how great the location is by creating maps of the area, featuring different attractions and restaurants.

Tip #7 – Price to Sell

You need to be realistic with your price if you are selling a distressed property in Miami . Many times sellers will have an inflated price in there head because they believe the property to be worth more than what people are willing to pay. Take a look at what other similar properties are selling for and price the house accordingly.

Tip #8 – Offer A Credit

Including an incentive will capture the attention of many buyers you might not have otherwise. The idea of a fixer-upper seems a lot sweeter if the new owners have some capital to make improvements their way. You can sell people on the idea that they will have the power to fix up the house for themselves however they want. Being able to choose cabinetry, bathroom fixtures and so on can be very appealing to potential buyers.

Are you selling a distressed home in Miami or the surrounding areas? If so, we can help! Send us a message or give us a call today! (305) 590-8500

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Wednesday, May 23, 2018

How To Succeed At Selling Your House FSBO

The decision to sell your house brings with it a lot of pressure, as like any homeowner, you want to make a good sale out of it. There are different ways to sell a house, depending on what your priorities are. For example, if you need to sell your house fast because you need to move to another town for a job, your options would be different from if you aren’t under time constraints.

One option that is available is to sell FSBO (For Sale By Owner) which would involve selling it on your own, without outside assistance.

selling your house fsbo

There are several questions you’ll need to ask yourself if you’re planning to sell your house FSBO. Benjamin Steele explains some of the considerations you need to make in the following post:

How to Sell Your House “For Sale By Owner”: An Essential Guide to Selling Your Own Home

The conundrum of choosing whether to sell your house on your own or involve a real estate agent is as follows: If you can sell your house without a real estate agent, you won’t have to pay the agent’s commissions; but if your prospective real estate agent is capable of selling your house at a higher price than you could have sold it on your own, then you may end up making more money from the sale even after paying out commissions for the real estate agent. So the question remains, how can I effectively sell my house on my own, negotiate a good price, and come out better than I would have had I used a real estate agent? If you decide to sell your home on your own, you will need to give careful thought before making several important decisions. Read more at Book Angel…

If you have prospects of a good sale when you go the FSBO way, then you have nothing to lose. Sometimes this means that you already have a friend who wants to buy your home. In such cases, be careful about being too easily convinced to sell at a lower price than your home’s worth.

selling your house fsbo

FSBO doesn’t mean that you’ll have to do everything on your own. There’s the option of getting real estate agents to show your house, but that comes with its own challenges. Robert Taylor explains some of the challenges involved in this:

The Challenge of Getting Agents to Show Your FSBO

Your biggest challenge of selling your house by owner will be getting real estate agents to be willing to show your house.  You might think that real estate agents would want to show your home, especially if you are willing to pay them their commission split.  Nothing could be further from the truth.  We’ll look at why this is a problem, and then later how you can overcome this challenge.

Majority of buyers will be represented by agent

The first thing you must realize if you want to sell your house on your own is that the majority of your buyers will be represented by a Realtor.  According to The Real Estate Trainer, a website dedicated to training real estate agents, the number of buyers using real estate agents is at a 14 year high. Read more at The Real Estate Solutions Guy…

It is certain that any decision, including selling your house FSBO, will have challenges, but that doesn’t mean it cannot be done. You can navigate through them and emerge a winner if you’re strategic.

selling your house fsbo

On the other hand, there are benefits that you can get when you go the FSBO way, and Peter Daisyme offers his two pence on that:

‘For Sale by Owner’: the Benefits of DIY Real Estate

July 13, 2017 6 min read

Technology and the new business models are changing the real estate game. Think about the empowerment that’s been transferred to consumers in so many areas; the same goes for selling homes. Working with a real estate agent or broker is no longer your only option.

So, read on for a full accounting of what’s changed in the FSBO (for sale by owner) world that’s made commission-free real estate a viable option, and why you too might want to consider FSBO, thanks to the evolution in technology that’s created a full-blown real estate revolution. Read more at Entrepreneur…

Thanks to technology, you do not have to fear FSBO anymore. The world has become a global village, giving you access to the masses at your fingertips.

selling your house fsbo

One way to ease your FSBO process even further is to sell your house to an investor, which will allow you to sell your house much faster and at a good price. If you need to sell your house fast in Pompano Beach, FL Sell Fast Fair Offer is the company to work with.

You’ll save on commissions and seller’s fees when you work with us. Then, once you call us, you can expect a cash offer for your house within 24 hours. You then get to decide when you want to close. Call us at (305) 590-8500 or visit our website to check out our success stories.

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Thursday, May 17, 2018

5 Signs of a Trustworthy Home Buyer in Miami

5 Signs of a Trustworthy Home Buyer in Miami

If you want to sell your house in Miami , you have likely seen many homebuying companies out there wanting to purchase your home. However, not all buyers are the same. In our latest post, learn more about how to separate the good home buyers from the bad ones!

You might not know that you have many options when it’s time to sell! For many buyers and situations, a direct sale might be the way to go. However, before you sell to a professional Miami home buyer, take some time to learn about the company’s background. Different buyers operate in different ways, but no matter how they operate, you need to make sure you can trust them. Keep reading to learn the signs of a trustworthy home buyer in Miami .

How Long Have They Been In Business?

You don’t have to rule out a company just because they are new to the game. Everyone has to start somewhere. However, a company that has been around for awhile likely has streamlined their process and is obviously doing something right to still be in business. A company with a longer amount of time in business will likely have more knowledge and local market experience, allowing them to pay you a fair price for your Miami house.

Can They Provide References?

Any great home buyer will be able to provide references from past clients. Don’t rely solely on the top reviews they have cherry picked. Asked to get references from their last 5 transactions if possible. This will allow you to get a better grasp of what people really think about the service. Create some questions ahead of time and consider asking some out of the box questions. This a big transaction, and you will want to make sure you are choosing the right buyer for your Miami house.

What Does Their Social Presence Reveal?

Not every business spend a lot of time on social media, however, there are some definite signs to look for. Do they reply to questions posted on their page? Do they engage with customers or just post content? Do they allow reviews on their facebook page? If not, there is likely a reason why.

Do You Feel Pressure To Sell?

There should never, NEVER be any high-pressure sales. Companies like Sell Fast Fair Offer provide information and alternatives to a traditional sale. We offer fast closing to people who need it! However, we know it isn’t right for everyone, and that is completely ok! We ultimately want you to make the smartest, most well-informed decision when it’s time to sell your house. We will never pressure you or talk you into something that is not in your best interest. We invite you to get an offer, then take some time to compare your options for yourself. We will happy to fully explain our offers and how we arrive at the prices we do. The process should be easy and transparent, at no time should you feel pressured into a sale.

How Is Their Standing With The BBB?

Review the company on the BBB to find out if there are complaints against the company. You can take some reviews with a grain of salt. Sometimes people become frustrated about something out of the buyer’s control and opt to leave a negative review. However, if you notice patterns or unaddressed complaints, there might be a much larger issue.

If you are looking for trustworthy homebuyer in Miami , you have come to the right place. Send us a message or give our team a call today! (305) 590-8500 

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Wednesday, May 16, 2018

Sell Your House Fast For All It’s Worth

One of the most significant assets you could have is a house. It has the potential to transform your financial status for the rest of your life. However, you may not know exactly how to make sure this important resource benefits you. For instance, if you must move from where you live, then you should do it wisely. You can sell your home and still make a good deal out of it even if you have a time limit.

sell your house fast for all its worth

One way to maximize on your home’s value is to think outside the box. Cameron Huddleston explains how you can do this:

20 Hidden Sources of Income Lying Around Your House

The unused items collecting dust in your home could be worth hundreds or even thousands of dollars. People tend to underestimate the value of their belongings, but buyers often are happy to pay serious cash for rare or limited items, said Jacquie Denny, founder of Everything But The House (EBTH), an online estate sale service. However, even everyday items can find a buyer. Read more at Go Banking Rates…

Now you know – you might just be sitting on a fortune right inside your home. As you clean up, look out for stuff that can be sold.

sell your house fast for all its worth

One of the crucial things that will determine whether you will make a good sale is the price you set for your house. Elizabeth Weintraub gives insight on how to do this right:

How to Price Your Home for Sale

The single most important factor to consider when selling a house is pricing the house correctly; it’s picking the absolute right price tag: how much your house is worth, pricing the house to sell. You don’t want to overprice the house because you will lose the freshness of the home’s appeal after the first two to three weeks of showings. After 21 days, demand and interest wane.

On the other hand, don’t worry about pricing it too low because homes priced below market value often will receive multiple offers, which will then drive up the price to market. Read more at The Balance…

Steer clear of overpricing your house, and find out what factors to consider to get an accurate estimation.

sell your house fast for all its worth

Another thing you need to consider when selling your house is the cost involved in the entire process. The following post explains this in detail:

What is the Cost of Selling a House? How To Calculate the Exact Fees

This question comes up all the time with home sellers who are interested in putting their home on the market.

I have sat down with many sellers and almost always they grossly miscalculate the estimated fees for the cost of selling a house.

This will lead to disappointment with their net proceeds or even worse, not able to make the numbers work and force them to not be able to sell their home!

Most home sellers just want to know, how to calculate what it is going to cost them to sell their house… accurately. Read more at Get Listed Realty…

If you’re like most homeowners, you probably assumed that closing costs are the only costs incurred when selling a home. However, there are more costs, and you need to be aware of them to avoid unpleasant surprises.

sell your house fast for all its worth

The good news is that you can avoid all the commissions and seller’s fees, and save on time if you need to sell your house fast in Opa Locka, FL. Sell Fast Fair Offer gives you the opportunity to have a stress-free home sale at your convenience. Once you call us, we will make you a cash offer within 24 hours, and thereafter you can decide when you want to the closing done.

Call us at (305) 590-8500, or visit our website to learn how we work. Make the most of your house by working with us today!

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