As a real estate investor, there may come a time when you want to sell right away. This may not be as easy as it sounds when you have tenants living in the house. In our latest post, you can learn more about how to sell your home with a tenant in Charleston.
While selling a Charleston house with a tenant isn’t always the ideal situation. Consider how it will affect them before making any bold decisions. If you need to sell your house with a tenant, it can be done when handled properly. Below, we share some tips on how to sell your house with a tenant in Charleston.
Wait Until The Lease Is Up
Take a look at how much longer your tenant has on their lease. If it is a relatively short time, and you can wait a couple of months before selling, it might be in your best interest to do so. Once the lease is up, you can let them know of your plans and take it from there. If they are accommodating to the sale process, you can even let them rent month to month while the property is being shown. If you have the forethought to do so, you can make this part easier by including an early termination clause in the lease, allowing you to terminate the lease if certain conditions exist.
Anticipate Their Reaction
Do you think they will be willing to help you or do you think they will be upset about the impending sale? If you believe they won’t be agreeable with your listing, it might be in your best interest to wait until the lease is up or work with a direct buyer in order to sell without drawing attention to the matter. Only you know your relationship with your tenant and how they will possibly react.
Make The Showings Worth Their While
If you have to sell, and you decide to list and use an agent, make it worth their while to help you out. You can offer reduced rent for the inconvenience or help with their future move.
If the tenants are on your side, your much more likely to find a buyer in a timely manner. A great tenant will help keep things clean and be flexible about showings. By continuing to make money while the property is listed, you’ll be able to avoid losing too much on the sale of the home. If on the other hand, they are not happy about having to move, they can end up causing hassles with showings. Disgruntled tenants may leave a messy house when people are coming to see it, quickly making people want to turn the other way. They can also potentially sabotage you by talking to potential buyers. Letting them know about all the bad things they will need to watch out for. If you feel your tenant falls into this category, you need to do better background checks, and it might be in your best interest to sell the property once the tenant has vacated.
While ideally, your house will be empty when trying to sell it, if you do have a renter living there, you will want to make them happy and comfortable with the process. Be considerate and accommodating from beginning to end. Nobody wants to feel uncertainty about the place they are living in. Put yourself in their shoes before making the decision to sell while an active lease is in place.
Find A Direct Buyer
Selling your house to a direct buyer such as South Carolina Homes can make the process easier on everyone. Make sure that selling in this manner doesn’t violate your lease in any way. You’ll also want to try to find a buyer who isn’t going to have a problem honoring the current lease. Many investors will love having a trustworthy tenant already in place. This ultimately saves them time and money in trying to find and screen tenants on their own. Working with a direct buyer is one of the best ways to sell your home with a tenant in Charleston.
Whenever possible, you will want to try to work with your tenants as best as possible. They can help you sell the house if you decide to list it. Always keep your tenant in the loop as far as when the home will be shown, how much notice you’ll provide, and what condition you expect the property to be in. Who knows, they may even be able to recommend a buyer or maybe they will want to buy the home themselves! Having open and honest communication will help you sell your home with a tenant in Charleston.
We can help you sell your home with a tenant in Charleston! Get in touch with us today to learn more about how we can help you! (843) 881-7171
The post How To Sell Your Home With A Tenant in Charleston appeared first on We Buy Charleston SC Houses.
As a real estate investor, there may come a time when you want to sell right away. This may not be as easy as it sounds when you have tenants living in the house. In our latest post, you can learn more about how to sell your home with a tenant in Charleston. While...
Selling your home to a real estate investor can be an efficient, simple, and profitable way to sell your Charleston property. In our latest post, we’ll discuss how it works, what you can expect, and how to determine if it is the right selling method for you!
When people initially decide to sell a house in Charleston, their first thought may not be to find a real estate investor to work with. However, the right investor can save a property owner thousands, in addition to all the time that can potentially be saved. Working with a buyer such as the team at South Carolina Homes will allow you to avoid the traditional selling costs, save you time on the sale, and give you the peace of mind in knowing that once an offer has been accepted, you can consider the house sold. Below are a few things you should know about selling your house to a real estate investor in Charleston.
Preparing Your Property
The beauty of working with a direct buyer or property investor is that there is usually very little if any prep work that needs to be done before selling a Charleston home. Most buyers will purchase the property as is, saving you the time and effort of getting it ready for a sale. With a listing, it is important the property be kept clean at all times in case of a last minute showing request from a potential buyer. You’ll want to show your home in the best light for everyone who comes to see it. By selling directly, you won’t have to worry about strangers traipsing through your house or keeping the property in showing-ready condition at all times.
One of the major perks about working with a direct buyer when selling your Charleston house, is all the cash you’ll be able to save. There aren’t usually any costs when you work with a professional investor. The house is typically purchased as-is, not requiring any repairs or maintenance be done before it is sold. There is no need to clean, stage, or even market the house which can ultimately save thousands.
With a traditional listing, you aren’t free of the costs even after a buyer has been found. After the appraisal and inspection, you might be faced with even more repairs. When the property eventually closes, there are commissions, agent fees, and many other costs that must be paid. When you choose a direct sale, commissions and agent costs go out the door. You’ll be able to keep more money in your pocket when all is said and done.
When you work with a direct buyer, the amount of time saved can sometimes be shocking. It is not uncommon for houses to stay on the MLS for months at a time. However, with a direct sale, the process is usually completed in only a matter of days. We make things easy and efficient so you can sell your house quickly and move on.
A fast sale helps you to avoid any more holding costs for the property. Instead of officially selling your house months down the road, selling right away saves you money on your property taxes, homeowners insurance, utility bills each month, and regular, routine maintenance.
Not All Buyers Are The Same
When discussing direct buyers and real estate investors in Charleston, it’s important to note that not all of them are the same. The points above are true for the team at South Carolina Homes, however, if you choose to work with another buyer, make sure you find out how their process works. Some buyers may require repairs be made, that you pay for the closing costs, or that you wait to close until they have found a new buyer for your home within their network. Before selling, make sure you are asking all of the right questions so you know what to expect. When working with any company, you’ll receive a fast closing and an excellent price.
Investors Aren’t Bad Guys
We simply have a passion for real estate and make our living fixing up properties in the neighborhoods and towns we love most. It’s not about making the highest profit possible. It’s about helping local homeowners while restoring and revitalizing the Charleston area. The common misconception is that a real estate investor will only be out for themselves. However, once you get in touch with South Carolina Homes, you’ll quickly find that’s not the case with us. We love real estate and we love the Charleston area. But above all else, we love the people who live in the area, and we want to do all we can to help!
Selling your home to a real estate investor in Charleston can be a smart and profitable way to sell. Get in touch with us today to learn more about what it can mean for you! (843) 881-7171
The post What You Need To Know About Selling Your Home To A Real Estate Investor in Charleston appeared first on We Buy Charleston SC Houses.
Selling your home to a real estate investor can be an efficient, simple, and profitable way to sell your Charleston property. In our latest post, we’ll discuss how it works, what you can expect, and how to determine if it is the right selling method for you! ...
Ready to sell your house in Charleston or the surrounding areas? Learn more about the pros and cons of hiring an agent vs. selling to an investor in Charleston!
What many people don’t realize, is that there are many ways you can go about selling your home. You are not required to hire an agent, pay commissions, or even clean-up. In some situations, an agent is great. While in others, a direct sale to a private buyer of investor is the better choice. Keep reading to learn about the pros and cons of hiring an agent vs. selling to an investor in Charleston!
Potentially Higher Sale Price
When you work with a Charleston real estate agent, there is a chance you will receive a higher final sale price than if you would have sold directly. This is due to increased exposure and the opportunity to tell more people about your house. Keep in mind, your costs will also be much higher, so run the numbers ahead of time to find out if listing really is the right choice for you.
Handling The Details
When you work with a professional and qualified real estate agent in the Charleston area, they are sure to take care of the paperwork, showing, and marketing of your home. When you opt for an FSBO listing you will have to handle these things on our own. With a direct sale to South Carolina Homes, you can rest assured that we will handle all of the details too!
Cleaning & Showings
Putting a home on the MLS requires it to be thoroughly cleaned before it is put on the market or seen by any potential buyers. In some cases, you will need to hire a professional cleaning company or rent special equipment for things like carpets and sidewalks.
Not all agents are full service, leaving you with a laundry list of expenses to take care of. Some agents will only list the property, leaving you to handle the marketing, showings, open houses, printed materials, signage, and administrative costs. While this is included in some agent’s commission, in other cases, it is not.
It Can Take Months
When you work with a Charleston real estate agent, there is no guarantee if, or when the property will sell. In some situations, the house can sit on the market for a long time. This leaves you with the insurance, property taxes, mortgage, and utility bills for many months to come.
A Fast Sale
When you sell your house directly to South Carolina Homes, you’ll be able to sell the property in days, not weeks or months. This can potentially save you thousands in holding costs. You will no longer need to pay for utility costs, homeowners insurance, property taxes, repairs, routine maintenance, and all the other expenses that come along with being a homeowner.
Selling to a company such as South Carolina Homes will allow you to sell your Charleston house without any commissions, repair costs, continued holding costs, marketing expenses, or hidden fees. We will handle everything, helping you to keep a ton of money in your pocket.
Our process is simple and direct. You won’t have to deal with property showings, an unknown closing timetable, or delays in the transaction. Selling your Charleston house doesn’t require you to spend money or live in limbo.
Lower Sale Price
Take this one with a grain of salt. While the final sale price will likely be higher when working with an agent and private buyer, the costs you encounter can completely negate these profits. Marketing, repairs, commissions, and closing costs will eat away at that sale price. Run the numbers if your method of selling is financially motivated. In some cases, a direct sale to South Carolina Homes can be the more profitable choice.
We can help you decide whether hiring an agent or selling to an investor will be the right choice for you! Get in touch with us today to learn more! (843) 881-7171
The post Pro and Cons of Hiring an Agent vs. Selling to an Investor in Charleston appeared first on We Buy Charleston SC Houses.
Ready to sell your house in Charleston or the surrounding areas? Learn more about the pros and cons of hiring an agent vs. selling to an investor in Charleston! What many people don’t realize, is that there are many ways you can go about selling your home. You...
There are many great ways you can reinvest the proceeds from the sale of your Charleston house. In our latest post, we explore some options to make your new found cash work for you!
People sell their home for all sorts of reasons. Sometimes the cash is needed right away to pay a debt, and sometimes they find themselves with an unexpected surplus available to use elsewhere. Instead of spending this money on material objects and things that come and go, why not reinvest your earnings into something that will benefit you down the road? Below we will discuss some of our favorite ways to reinvest the proceeds from the sale of a Charleston house!
Real Estate Crowd Funding
A great way to reinvest the profits made from your Charleston area house, is to put the money into a real estate crowdfunding opportunity. You’ll want to research any investment before sinking your money into it, but investing in a real estate crowdfunding opportunity can be a passive and hands-off investment that can really pay off.
There is no greater investment than that in the future of your children. By contributing to a 529 plan or a designated college fund, you’re not only contributing to your child’s future, but you are also teaching them a financial lesson. The money placed in a 529 plan will grow tax-free, and will not be taxed when the money is withdrawn. Many families utilize these savings plans for their children ahead of time, so they are not blindsided by huge bills when their children begin college careers.
A Rental Property
When selling one home, it can be a great idea to reinvest in another. Not only will you avoid capital gains taxes this way, but you will also be able to find a rental property that really performs and generates a substantial profit for you. If one home or investment property isn’t working, maybe it’s time to try something different! When you find the right rental property in Charleston, you’ll be able to generate an almost passive income, building on the proceeds you have received.
If you sell an underperforming rental, you can use the funds to improve your primary residence. Building equity in your home as well as adding a feature you will personally enjoy is never a bad thing. Whether you want to improve a dated kitchen or repair an old roof, now is the time to get those things done. While you might be faced with capital gains taxes when you choose to spend the money on improvements, you will be able to take a deduction for your home improvement costs. Plus, in order to face capital gains taxes, you would need to generate hundreds of thousands of dollars in profits.
Pay Off Other Debts
Do you have high-interest debts weighing you down? Now is the time to clear them up once and for all. Paying money to borrow money doesn’t usually make sense. While carrying a mortgage can actually help in some financial situation, but having a high-interest loan or credit card doesn’t.
Before you go and spend all of your proceeds, don’t forget about the looming tax man. When you reinvest your proceeds into a “like-kind” investment, you will be able to avoid capital gains taxes. Always be aware of your tax consequences when you reinvest the proceeds from the sale of your home. You should always consult with your financial planner or CPA before making any financial moves.
Learn about some great ways to reinvest the proceeds from the sale of your Charleston house! Get in touch with us today to learn more! (843) 881-7171
The post 6 Ways To Reinvest The Proceeds From The Sale Of Your Charleston House appeared first on We Buy Charleston SC Houses.
There are many great ways you can reinvest the proceeds from the sale of your Charleston house. In our latest post, we explore some options to make your new found cash work for you! People sell their home for all sorts of reasons. Sometimes the cash is needed right...
Working with other investors in Charleston can help you buy and sell faster. In our latest post, learn more about the benefits of working investors and you’ll be able to find out what we can do to benefit you!
If you own an investment property in Charleston or the nearby areas that you are ready to sell, working with a fellow, local investor may just be the best way for you to sell. By working together, both buyer and seller of the investment property can benefit. Relationships can be built that will last a lifetime! Below, you can learn about some of the great benefits to working with other investors to sell your property quickly and without any hang-ups or hassles.
They Understand Your Plight
When you work with another investor, they will understand what you are trying to achieve, and won’t waste your time making unrealistic offers. You’ll be able to speak the same language and work together to create a win-win situation that works for all parties. A seasoned Charleston investor, such as the team at South Carolina Homes, isn’t going to waste your time with a bogus offer or make you wonder when the property will actually close. By working with an investor in Charleston, you’ll be able to save time and money in the long run!
Get A Fair Price
Seeing as they understand where you are coming so well, you can be assured they will pay you a fair price for the property. Both parties are on the same page. Finding a fair price should be pretty obvious to the buyer and seller who will understand both sides of the transaction. You won’t have to worry about haggling or answering ridiculous offers. When you work with a fellow Charleston investor, you’ll be able to meet like-minded individuals who you can add to your local network of associates in the business.
A Fast Sale
Just like you, an investor buying your Charleston house will want to close quickly. They don’t want their funds tied up while the sale is processing. And just like you, they will be motivated to move fast and close quickly. They’ll understand the holding costs and will work with you to take possession of the property as quickly as possible. When you sell your Charleston house quickly, you’ll potentially be able to save thousands on utilities, homeowners insurance, property maintenance, taxes, and possibly your mortgage.
Many investors will want to purchase your Charleston investment property as-is, saving you from repair expenses and wasted time. When you sell your Charleston house as-is, you won’t have to spend time or money making repairs, marketing the house, or even cleaning up. We will handle everything from start to finish so you won’t have to sink another dime into your unwanted house in Charleston.
Selling your house without an agent will save you a fortune in commissions. In many cases, there will also be agent fees and administrative expenses to factor in when hiring a Charleston real estate agent. Plus, the holding costs incurred during a traditional sale can amount to thousands if the property sits on the market for a while. By selling your house directly, you will be able to sell quickly, liquidate your investment property, and move on without any hassle or cost.
At the end of the day, working with other investors to sell your Charleston house is a great way to efficiently and effectively sell your property for a great price. The team at South Carolina Homes is buying houses in the area, and would love to work with you to sell your Charleston investment property!
Ready to learn more about working with other investors to buy or sell property in Charleston? Get in touch with us today! (843) 881-7171
The post Working With Other Investors To Sell Your Charleston House appeared first on We Buy Charleston SC Houses.
Working with other investors in Charleston can help you buy and sell faster. In our latest post, learn more about the benefits of working investors and you’ll be able to find out what we can do to benefit you! If you own an investment property in Charleston or...