Monday, 22 January 2018

Selling a House in a Divorce

You could be undergoing the process of divorce and wondering how to handle the sale of a house, which you probably bought or built together. We all know the pain and challenges that are experienced during divorce. Nevertheless, you have to deal with important issues such as the sale of a mutual property so that you can split the proceeds. This article will guide you on how to go about the process the easier way.

The complications of a house in a divorce case

In a divorce, of course, both the man and woman will want to split all the property that they own together so that everyone can have with his or her own share. It is easy to divide liquid assets such as money. However, when it comes to other things such as real estate it is difficult to split it. It is impossible to cut a house into two so that everyone can have a share. At the same time, you cannot carry the house and take it to another place if you do not want to remain in that particular plot where the house is built. This means that only one party can have it.

Some court rulings may have it that whoever retains the house should continue paying its mortgage. You probably do not have the resources to pay, given the difficulties that you are already going through in your divorce. All these are the complications that are involved when it comes to a house in a divorce case.
Thus, you have to look for the logical way to solve this issue of the dividing real estate.

What then is the solution for splitting a real estate asset?

As seen above, you cannot split a house into two. The house retains its value by being whole. The best way to go about it is by selling it and then dividing the proceeds. Some expenses will be incurred during the sales process. They include agent fees and other hidden charges such as the closing costs. Together with any outstanding bills or part of the mortgage that had not been paid ye, the couple will channel the money acquired from the sale of the house to cater for these expenses and then divide the remainder by the agreed percentage. That way, they will have divided the house amicably without any conflicts and dissatisfaction from either party.

Which is the fastest channel through which to sell a divorce house?

When divorcing couples get to the point of selling the house, the first thing that comes to mind is contracting a real estate agent. However, an estate agent is not the most convenient way, especially at this time when you want to minimize costs and have things done fast. The following are some of the shortcomings of a real estate agent:
• An agent will require you to dig deep into your pocket to repair the property and fix anything that is in bad shape. At this point probably, you do not even have that kind of money. In any case, you cannot even agree on exactly who between the two of you should dish out the repair money.
• The agent will then list the property and it can take from three to six months to make an actual sale. Surely, none of you has time to wait for that long.
• Both of you will be involved in the negotiations with the potential buyer, and you will be subjected to so much paperwork
Selling through an agent is time-consuming and costly. The easiest way to get it finished is selling the house to a real estate buying firm. The firm will not need you to repair the house. They will buy it as it is. The process is fast as it will take just a few days and you will be paid in cash. You do not have to do any cleanup. The best thing is that you will not incur any additional fees like paying an agent, repair cost or closing cost.

Therefore, if you are in the middle of a divorce case, and wondering what to do with your real estate, all you need to do is sell it to a real estate buying firm and split the proceeds. 

Monday, 18 December 2017

The Different Types of ‘We Buy Houses’ Companies

When you consider selling your house, you can do it by either selling the house to “We Buy Houses for Cash” companies or to real estate broker services. You will have to consider the pros and cons of each before making your final decision. It is important to know that, when selling your house to a “We buy Houses” company, they may end up not owning your property as they have potential homeowners who are looking to buy your house.

However, there are different types of “We Buy Houses” companies, and knowing the details of each before selling your house is vital.


The first type of “We Buy Houses” company are called the middlemen. These are the people who often attend seminars and workshops to learn how to buy houses and make profits. They usually engage in buying houses for a period of 2-4 months and then disappear without a trace. They are easily available because they have numerous advertisement flyers to attract clients. If you want to sell your house fast, they will make promises on how you will benefit from working with them only to get nothing in the long run. In most cases, middlemen are there to make money from the sale of your house and hence they are not professional in any way. In fact, you may end up dealing with an unlicensed middleman making it hard for you to make a legal follow up in case you’ve a dispute.
It is also important to know that, since they have not invested a lot of resources and time in their profession, most middlemen are confused and ignorant about property selling and buying. Therefore, working with a middleman can be a waste of time as you may end up not even signing a contract or even selling your house. However, if you are lucky, you can get a successful middleman who can help you when selling your house.

Real estate investment trusts (REITs) are another type of “We Buy Houses” company. They are also known as hedge funds. Unlike middlemen, chances of getting REITs or their sales representatives are very slim. In fact, you may not even be able to get them because they are few. The main objective of REITs is to deal with experienced wholesalers as well as individuals who buy houses at a discounted price and then later sell the houses fast. REIT companies usually buy your house at an average of 85-100% depending with the current market price and the condition of your house. These buyers are highly recommended because they are reliable, professional and offers the best deal to homeowners.



Construction companies or real estate development companies are the third type of “We Buy Houses” company. They are usually skilled and experienced with real estate market. They hence analyse the current market condition and then pay you a premium which is usually discounted. These companies are professional and hence easy to deal with. However, you will never get the full retail price of your house because real estate developers buy and sell real estate property to make profits. They will therefore buy your house at a lower cost to sell it at a profit.

Individual cash buyers are the fourth type of “We Buy Houses” company. They usually buy real estate properties for themselves and or for their families. Depending with their experience level in real estate, you may need a lawyer or a real estate agent to help you through the buying and selling process.

Monday, 20 November 2017

The Benefits of Selling Your Home to a House Buying Company

If you are planning to sell your house, selling it to a house buying company is the best option because you will sell your house fast and at the right market value. In addition, if need be you can take legal actions against the house buying company if they have violated the contract or they did not follow what you agreed. However, you need be sure you are selling your house to a reputable, licensed house buying company so you know you are working with a company that is legitimate and professional.


Most people looking forward to buying houses go to house buying companies to check available and affordable houses. If you sell your house to a house buying company, you will benefit from:

• Professional advice – you will be advised about the market status and the best rate that you will get from the realtors. This is important because you will be able to make the right decision.
• No additional fees – you will not be charged any fee for selling your house. This limits the amount of money you will spend selling your house through ads and viewing etc. You will not incur any legal or solicitor fees since there will be no third party involvement. In addition, the house company will help you avoid costly repairs that would be your financial responsibility before selling the house. You will end up spending little or no money when selling your house.

• Quick property sale – sometimes it may be hard to sell your house fast if you don’t have connections. With a house buying company, your house will sell fast because they are not only experienced but also have a wide network with potential buyers who will buy your house fast. This is vital if you want to sell your house fast especially when threatened with repossession!
• Getting a new house – if you are selling your house to get a new one, the buying company can help you settle fast. Whether you may are selling your house due to financial reasons or work, you probably need to buy another home. Most house buying companies have numerous networks which can help you get another house easily depending with your needs i.e. location, features and cost.
• Fast cash offer – to offer you a simple, fast and reliable cash transaction, house buying companies recommends you to choose your convenient method. Home companies have various payment methods to choose from among them cash, certified funds or even take over the existing mortgage. Therefore, if you are selling your house, you can choose your ideal payment method once you’ve an agreement.


Most homeowners as well as potential home buyers prefer selling or buying homes from house buying companies. Experience plays a key role in selling your house, and since it’s acquired over the years, you can trust house buying company professionals to ensure that your house is good for sale by doing thorough inspections to confirm there are no major issues. They know what to look for, where and what to fix, how to advertise your home, and to whom to sell your house fast and well. The first step is finding a reputable house buying company, which you can easily do by researching a number of criteria including the company’s licensing, insurance coverage, as well as reviews from previous clients.

Thursday, 19 October 2017

Selling an Inherited House

Selling an Inherited House

Sometimes, life may bring sweet surprises your way such as finding yourself as the heir of a nice beautiful house. It is a good thing to inherit a house. The question of what to do with or whether or not to sell it depends on you. You may wish to keep it, but at times circumstances may force you to want to sell it. Selling an inherited house might be difficult but with some helpful information and tips, you can still do it smoothly.




Factors to Consider When Selling an Inherited House

The process of selling an inherited house may not be as simple as selling just any other house that you acquired by your own means. Remember this is a form of a gift, which you received from somebody close to you. Thus, when you decide to put it up for sale, you must first consider the following factors.
• How to deal with the emotions that will emerge at the thought that you are about to sell a gift from a loved one.
• The financial costs associated with making adjustments and renovations to attract potential buyers.
• Dealing with emerging liens as well as other hidden challenges

Dealing with Emotions

Dealing with inherited property can be a very tough emotional challenge. It could be a family house that was passed down from your parents or your siblings or even best friends. When you inherit a house, you feel like you are charged with the responsibility of taking good care of it and probably passing it down to another loved one and continuing the cycle. Thus, when it gets to the point where you have to sell it, may be very difficult and stressful letting go of your inheritance.

The process may involve removing the stuff of your loved ones such as art pieces and other special collections. You may feel like you are depersonalizing the entire space. At some point, you may even feel as if you disown your loved ones by disposing of their property. It will be the most difficult decision that you will ever have to make.



If you let your emotions to be carried away, chances of you making straight business decisions are minimal. Thus, when dealing with inherited property, it is only wise that you let people who have experience in the buying and selling of probate homes to assist you through the process.

Dealing With the Selling Process

Certain issues may not be apparent but all the same, they will come up the moment you put the inherited house on sale. Some of such issues include having to deal with expensive liens. You might even disagree with other involved parties such as your siblings about the sale. The previous owners of the property may also show up demanding a share of the property. The bank that financed the mortgage might also claim some arrears in the payment of the property. Unless you get an expert in the field of property sale, things are going to be rough for you.

In addition, you will incur some extra costs when making updates to publicize the sale of the property. This involves some touches on the house and necessary repairs as well as the advertising cost. You must also be conversant with the legal aspect of selling a house and the taxation aspects.

Generally, the above are some of the issues that you will face in the processing of negotiating and managing the sale of an inherited house. Inherited property is not easy to deal with. You have to set your mind to let go. You must be willing to sell right from the start without looking back. The task is tiring, and thus you need the help of a professional in real estate to take you through the whole process successfully. Speak to a real estate to simplify the process for you and lift the weight off your shoulder.

Saturday, 30 September 2017

Selling a House to an Investor

 Gone are the days when people used to buy homes, live in them until old age, and then pass them down to their family members. Things have changed today in terms of home ownership. Most people buy homes only when it suits them and when they want a change, they sell them again. Want to sell your home?  Here is the link for professional house seller http://www.dependablehomebuyers.com.

Selling a house can prove to be very frustrating despite the fact that marketing trends are changing slowly. This is because there are many houses on sale that you have to wait for too long before you get a fair price for your property.

The good news, however, is that you can actually sell your house to a real estate investor. The investors are usually independent entities who buy homes from sellers and renovate them by doing the necessary repairs. They then rent them out or sell them at a profit.

It is very easy to find a real estate investor who can buy your home at a fair price market instead of struggling to look for an individual buyer. It will save you time and the frustrations associated with looking for a buyer. For latest news, you can subscribe our blog.

How Do You Sell To a Real Estate Investor?

The process of selling to real estate investor is very simple. First, you need to identify a good and reputable real estate investor. You then need to give them information about your home. Tell them where the home is situated, the social amenities that are nearby, and any other point of interest that might raise the value of your home. You can even go further to explain why you need to sell the house. Could be you wish to move to a different city or retire to your rural firm. Whatever the case, the real estate investor needs to know your personal situation. 



The investor will visit your home and do a closer inspection of the property. The inspection includes confirming everything you already told them as well as assessing the condition of the house. This will help them come up with their price. Of course, the price has to take into account any repair work that might be needed for the house.

The investor will give you an offer and if you like it, then the deal is done. The process is a simple as that and you will receive your payment in cash.

Selling to a real estate investor makes the whole process easy and quick compared to other methods such as contracting an agent. In fact, it will only take you roughly seven to ten days and you will have closed the deal having received your payment in cash. 

If you want to sell your house without any much hustling, simply sell to a real estate investor. You will not incur any extra charges such as agent fees and closing costs. The investor will definitely purchase the house from you at a discount, but this is to cater for any repairs that might be needed. This is fair if you compare to if you were to sell it to another homeowner. You might sell it at a higher price, but only after you have done all the repairs by yourself. Now you see, why go that way when there is an easy way out?

Are There Any Hidden Costs of Holding On To Your Property?

Some people may resolve to hold on to their property hoping to get a better deal. The problem is, the more they hold on, the more the charges that they will incur. Consider the extra months of paying for utilities, mortgage, and other maintenance costs. You could sell the house at a slight discount but it will save you many hidden charges.


Evade unnecessary stress and headache. Just sell to an investor and move on to your new home. The best part is that you will evade closing costs and any other agent fees. In addition, you will not have to worry about repairing the house yourself because an investor will purchase it as it is. Do not wait any longer. Contact a real estate investor today.

Friday, 29 September 2017

House Fast Baltimore

You just found your dream home in Baltimore, MD and you need to sell your house fast. You would like to place a firm offer on this home, but cannot risk carrying two mortgages at the same time. There is a chance that someone else will love this home and make an offer. How can you sell your house fast in Baltimore, MD and firm up an offer for your dream home?



There are solutions! A professional home buying company can help you sell your home quickly. Once you have a firm offer, you can place a firm offer on this dream home that your family would love to live in. We hope to be able to help you purchase this home if your current home has not sold yet in MD.

We can help you navigate the mortgage rules and regulations that the FHA, Fannie Mae, or Freddie Mac all have to follow when applicants apply for a first or second mortgage on their existing home. In this post we will discuss some of the methods to use to meet these requirements and pave the way to moving into your new home.

Moving to Your Dream Home when your Existing Home has not Sold



Qualify for a Second Mortgage

The FHA requires applicants to meet certain qualifications. Why are you moving now? Are you moving because of job requirements, your family needs more space or perhaps separation from your spouse? Is your current mortgage less than 75% of the value of your existing home? If not, getting a second mortgage approved may be difficult.

Family Connections

Can family members help you out with purchasing another home before your existing home is sold? You normally must agree to repay them when your current home sells. Make sure that there is a clear understanding and terms that will be adhered to. Many family relationships are ruined because the terms were not clear, well understood or adhered to when money is borrowed from family members.

Bridge Loans

Bridge loans are often used to carry both homes until the current home sells. In Baltimore MD, they are sometimes called a “wrap loan”. Consumers using a bridge loan need to make sure they can handle two mortgage payments until your current home sells. Bridge loans are considered short term loans and should be considered to last no longer than one year.



Credit Ratings and Lender Requirements

Check with several lenders to verify their requirements. Most want their clients to have a very good credit rating. They typically will not finance more than 80% of the value of both homes. They also will want verification of income levels to ensure that you can meet the monthly payments.

Consider Using a 401K

In some situations, it might make sense to borrow from your 401k to finance your dream home until your current home sells. There can be tax issues that you will need to deal with and you must pay yourself back when your current home sells. Remember that you will be forgoing interest and dividend income in your 401K during the time you borrow this money. This can have long term impacts on your retirement depending on how long it takes to sell your home.

Rent Your New Home

The seller may be interested in renting the home from you for a few months until your home in Baltimore sells. They also need to find a home to move to and may appreciate the idea of renting the home from you while they search for a home. The rent you collect will help with the bridge loan payments until you sell your home.

Plan for Contingencies

You can also make an offer contingent on your home selling. There is a risk that someone can come along with a firm offer, which will place pressure on you to either firm up the offer or let it go. Consumers carrying two homes should also plan on carrying both homes longer than planned just in case your home does not sell. Access to savings, 401K, bridge loans etc. should all be part of this contingency plan.

These are all possible options to consider when buying a new home and selling your current home. A professional home buying company can help you with all of these options.


Monday, 25 September 2017

Introduction - Why We Are The Best Sellers?


About a week ago I got tired… tired of the lack of information for homeowners looking to sell their real estate quickly. Everything I can find on the web is about listing with a real estate agent. This is a great option for many, but there are certain cases when you need to sell for cash.

I have a buddy who’s going through a divorce and the idea of having buyers coming through his home is his absolute worst nightmare. With the amount of tension between he and his wife, the idea of listing with a real estate agent is just simply not an option. When he gave me a call I told him I’d do some research and get back to him.

Well… here I am a week later and have decided that if the content isn’t out there, then I’m going to put it out there. I promise to post monthly about my findings if you promise to keep reading. I’ve never been much of a writer, but I guess you can never be too old to start! Real estate has been something of interest to me so I’m stoked to finally have a reason to research.