Landscape and Cost Effective Update Quickly and Efficiently To Market Ready.
Mom is getting settled into her new community. The small nest egg she had is dwindling rapidly, with care costs of $8K a month. The real estate agent said to get top dollar, they need to “update the house.”
To the layperson, that means new carpet and paint. To those in the industry, we know that those are just two steps out of 27 things that need to be done to get the house ready for the market. Many families feel it is their obligation to take care of the estate. It’s very understandable. If the estate and family have the time and resources, then it is possible to come out on top. However it is a strain all the way around, and most are not prepared nor really have a grip on today's costs to do so.
So Mom needs money quickly and now the family is looking at a mountain of updates. Who will front the money for Mom until it sells? Even if one sibling has the money to put up, does that mean that they are now in charge of choosing the materials, the paint, the flooring, the lighting, the hot water heater brand, the HVAC brand or the roofing materials (three-tab or architectural shingles)? Who’s going to interview all the contractors and get bids and schedule them in a timely manner to fix the house? Some people will just go straight over to Lowe’s and Home Depot and hire out all the needed services. Have you ever seen their prices?! Average prices in your areas?
RE AGENT | REHAB/AGENT | Senior Placement Resources | |
---|---|---|---|
Commission/Fees: | 6% on Average | 6% on Average | None |
Closing Cost: | 6% on Average | 6% on Average | None |
Avg. List/Close: | 4-6? Months | 4-6? Months | On Your Timing |
Repair Payment: | Vary/Negotiated | Vary/Negotiated | None |
Home Showings: | Multiple | Multiple | One With Us |
Appraisal Needed: | Yes/Often | Yes/Often | None |
Home Inspection: | Yes/Required | Yes/Required | None |
Location is so important to real estate value that it's easy to see how a seller of a property in a bad neighborhood could be discouraged. There is hope if you know how to deal with this problem. Our knowledge base covers strategies that can be employed to help you sell a property in a bad location for the best possible price.
Selling a house while in, or about to be in bankruptcy can have consequences. The seller's approved payment plan, whether the home has equity or not, and bankruptcy exemptions are just some of the things that can affect the sale of the property. If you're considering a sale and bankruptcy, you need to thoroughly research your options.
Before selling your home, you need to know how much money you're likely to receive from the sale. There will be closing costs that most sellers don't know about. These expenses can impact your decision to sell and should be calculated carefully. In our guides to closing costs for home sellers, our experts go over this topic to help you save money.
Divorce proceedings bring additional complexity to a property sale. An already emotional transaction can become even more highly charged than usual. Homeowners who are in or contemplating divorce need to educate themselves on the facts regarding the liquidation of what is probably the largest marital asset.
According to the National Association of Realtors, the number of cash home purchases is growing rapidly. There are pros and cons for homeowners who sell for cash. The timeline and costs will differ greatly from a financed purchase. Home sellers should prepare themselves by examining cash sales before marketing their homes.
If your house is being foreclosed on by your lender, are your hands tied or do you have the option of selling your home? The frightening prospect of foreclosure can be more effectively managed when you know the process and your possible options. You may be able to emerge from foreclosure in better shape than you thought.
Trying to sell a property that you acquired by inheritance may be a lengthy procedure. Understanding the ins and outs of selling an inherited house can prevent unexpected delays and tax consequences. Investigate this topic and benefit from the experience of our professionals sharing their knowledge in our articles for heirs selling real estate
Selling a home that's in poor condition may not be ideal, but it's doable. There are buyers you may not have been aware of who look for properties like yours. Many times these buyers are willing to take the property as-is. Eliminating the cost of repairs may give you more leeway in the price that you can accept.
In your state, you may be held accountable for the way in which you sell your home with or without an agent. A realtor can help you avoid legal entanglements in addition to the hassle of selling your property. This can make an agent's commission well worth it. However, you need to know how to choose realtors and work with them to avoid getting into a bad deal.
Relocation is a driving force behind the strongest housing markets in the country. If you or your buyer are relocating, it will affect the negotiation of the sales contract. Relocating sellers with children have needs that may impact their decisions. Our articles on this topic help home sellers find the best way to relocate and sell their property with the least amount of hassle.
In a short sale, the lender allows the property to be sold for less than they are owed. After the sale, you may or may not owe the remainder of the balance. This may be the only way to sell a house that costs less than the mortgage amount. While with a short sale, you can get out of a bad situation, regroup, and move on, there is much to learn about this complex procedure.
When selling your property, its title must be cleared of any debt in order to be transferred to the new owner. A property, IRS or state tax lien may complicate the sale by putting a restriction on your right to transfer the title. Our resources on this topic will help you understand what to do to if you owe back taxes and want to sell your home.
All Rights Reserved | Senior Placement Resources, LLC
Contact info:
Rick Safko, Placement Resources
Direct Cell: (503) 901-5923
rick@senior-placementresources.com
Mike Canton, Financial/RE Advisor
Direct Cell: 360-608-7808
mike@senior-placementresources.com
Locations: Portland, OR, Vancouver, WA & Surrounding Areas
Business Hours:
Mon to Sat: 7:00 am to 7:00 pm
Sun: 9:00 am to 5:00 pm