Are you trying to decide whether to sell or keep your inherited property in Charleston? It can be frustrating spending money on a house in order to sell it, especially one that wasn’t yours. In this post, we help you learn more about your selling options!
Whether or not you knew about the inheritance, you might be faced with some unexpected challenges once the property is in your name. Owning a house can be expensive. The bills, the taxes, the maintenance, and the unexpected repairs can come as a shock. As any investor will tell you, the longer you own it, the more it is costing you. Before you make a decision about whether to sell or keep the inherited property, ask yourself a few questions. Take the time to learn about the market and the property in question, to better help with your decision. Below, we will offer some tips to help you determine if you should keep or sell your inherited property in Charleston. Will will also offer some insight into the best ways to sell.
Ask Yourself These Questions
Do you have a use for the property?
Holding onto it for sentimental reasons is fine if that’s what you want to do, but don’t feel as if you are obligated to keep the house. Only keep the property if you have a sincere use for it. There is no sense in holding onto a property that will just end up sitting there.
Are there other owners?
If there are other owners of the property, you will all need to sit down and come to a consensus. Work together to decide if the home should be kept or sold. If there is an odd man out, consider buying them out as not to cause further disagreement. Remember, it is just a house, and the person who passed it down to you would never want to see their gift become an argument.
If you decide you want to sell, how much can you spend upfront?
If the home has not yet been cleared out, that should happen first and foremost. A traditional property listing will come with some upfront costs. You’ll likely need to make some repairs to the house and have it professionally cleaned. It’s tricky making repairs to a house you’ve never owned. You may not know what you’re getting into. You don’t want to find yourself down a rabbit hole, spending thousands and thousands on a house you want to sell anyway. Depending on how you decide to sell, you could face not only repair costs but costs for marketing too.
Ways To Sell
Listing your inherited property in Charleston will require you to get the property ready for the MLS. Take a look at what other homes are selling for, and how your property stacks up. Be realistic with your prices, and don’t spend too much over-improving. When you list an inherited home, you may feel frustrated to suddenly have to spend money selling a house that isn’t yours.
Sell On Your Own
Selling the house using an FSBO listing will save you on the commission, but you will still need to pay for cleaning repairs, marketing, and other selling costs. In most cases, selling on your own to a regular buyer will take longer and ultimately put less in your pocket.
Sell To An Investor
When you sell your inherited property to Charleston Property Solutions, LLC, you will not need to spend a dime out of pocket. Nor will you have to pay expensive commissions, agent fees, or administrative costs. By selling the property directly, you will be able to quickly receive your profits and move on from the house without spending months making repairs and waiting for the property to sell.
To learn more about whether to sell or keep your inherited property in Charleston, reach out to us! We are happy to answer any questions you have. (843) 800-2705
The post How To Decide Whether To Sell Or Keep Your Inherited Property In Charleston appeared first on We Buy Charleston Houses.
Are you trying to decide whether to sell or keep your inherited property in Charleston? It can be frustrating spending money on a house in order to sell it, especially one that wasn’t yours. In this post, we help you learn more about your selling options!...
If you’ve gotten a foreclosure notice of default and want to know what the heck is going on, keep reading.
Basically, a foreclosure notice of default is a document that has to be filed by a lender to start the process of foreclosure.
The foreclosure notice of default must be sent to anyone who has an interest in the property (any other loans, lenders, or even contractors who are owed money for work done to a property will get a copy).
The foreclosure notice of default must also be published in a newspaper and physically posted in a prominent place on the property itself.
Although this can be really embarrassing to someone going through foreclosure, it’s actually a very important protection for consumers.
Back before US law required a notice of default, people were sometimes foreclosed on without any warning.
In fact, it’s happened even in the past few years – at least one bank has accidentally foreclosed on the wrong property and kicked people out of their house without due process or warning. It’s even happened around Mt. Pleasant.
The notice of default is a very important step within the foreclosure process that gives people with an interest in the property to step forward and claim their rights – before it’s too late.
If you’ve received a notice of default, don’t wait. Time is definitely of the essence, and you should take action.
Here are a few key steps you should take:
1) Stay calm and don’t panic.
This may sound obvious, but it’s probably the most important. Anyone in foreclosure is dealing with a lot of stress beyond just the property. These situations don’t happen overnight, and they take a while to solve. You’ll get through it by practicing good coping techniques and taking good care of yourself and your family. Panic leads to bad decisions, so stay cool.
2) Educate yourself.
Learn everything you can about the foreclosure process in your state so that you know what’s happening and what’s coming up next.
3) Gather your resources.
There’s also many non-profit and government resources available out there. You’ll want good legal and tax advice along the way. Definitely don’t try to do it all yourself. This stuff is super complicated with lots of rules.
4) Learn your options.
We’re here to help you avoid foreclosure. We buy houses with cash. We can help you with short sales and even rent-back situations so you (potentially) may be able to keep living in your home. There are many more options than you think.
The banks involved don’t want your property. They want money, and what you say matters a lot. You can slow down or stop the foreclosure process if you take the appropriate action.
Want to know more?
Call us anytime (843) 800-2705. or connect with us on our website
and we’ll lay out all of your options for your specific situation.
The post Foreclosure notice of default in SC– what is it? appeared first on We Buy Charleston Houses.
If you’ve gotten a foreclosure notice of default and want to know what the heck is going on, keep reading. Basically, a foreclosure notice of default is a document that has to be filed by a lender to start the process of foreclosure. The foreclosure notice of default...
If you own a house that is in disarray or in need of repair, don’t fret. There are ways you can sell your house without having to pay for all the required repairs. If you need to sell a damaged house in the Charleston area, our latest post will help you save time and money on the sale of your home.
In order to sell a damaged house in Charleston, you’ll need to be able to get in front of the right buyers. Many buyers are looking for a house they can move in to right away or rent out for investment. The idea of taking on a new property, that comes with damages, can seem very stressful and off-putting to many buyers. Your best bet will likely be finding the right investors who don’t mind taking on damaged property. At South Carolina Homes, we are very experienced in fixing up properties and are happy to help if you need to sell a damaged house in Charleston.
Your Selling Options
Quite obviously, if your house is damaged, you can fix it. This is likely going to be your best choice if you want to sell it for a price that is competitive with others on the market. That said, many people don’t want to spend a bunch of money on a property they are selling without any guarantee of a return.
Instead of spending money on repairs, you can choose to list your house as-is. While you may be offering it at a fair price, if your average buyer sees pictures making the house look bad, or sees that there are a number of repairs required in your property description, you might have some trouble getting enough attention to the property in order to sell it.
Typically the fastest and easiest way to sell a damaged property is to get it in front of an investor or a direct buyer. If you choose to sell to South Carolina Homes, we will buy as-is, potentially saving you thousands of dollars in repairs. Plus, we are able to close very quickly so you can easily sell your damaged home in the Charleston area, and move on with your life!
Ask Yourself These Questions…
How Much Do You Want To Spend Upfront?
If you have the cash upfront, you might consider fixing up the house and putting it on the market. This can require a good amount of time, and will not come with any guarantees. If you spend a fortune fixing a damaged property in Charleston, there is no guarantee you will get it back.
Who Is Your Ideal Buyer?
Is it realistic to fix up the property and put it on the market? Do you honestly believe that you will be able to find buyers for your damaged property, willing to pay what you need? If so, and if you have the time to wait and find out, consider listing your Charleston house. Or is the damage so severe that your ideal buyer would actually be an investor, with the means to fix up the property? Many investors, such as the team at South Carolina Homes, thrive on fixing up old homes, and helping owners escape their damaged Charleston properties!
Owning damaged property can be stressful. The repairs can be expensive and you can be held liable for any injuries that occur. If you are not able to make the needed repairs, it might be time to sell your damaged house. You don’t have to hire an agent. Learn more about selling your house as-is, so can be rid of your troublesome property once and for all!
To learn more about how to sell a damaged house in Charleston, get in touch with our team today! (843) 881-7171
The post How To Sell A Damaged House In Charleston appeared first on We Buy Charleston SC Houses.
If you own a house that is in disarray or in need of repair, don’t fret. There are ways you can sell your house without having to pay for all the required repairs. If you need to sell a damaged house in the Charleston area, our latest post will help you save...
How to For Sale By Owner Selling your house can be stressful, even when you are using an agent. Doing it yourself might seem an even more daunting task, but there are definite benefits to FSBO, or “for sale by owner”. Many people are uncertain of where to even begin when selling their house themselves. With … Continued
The post How To For Sale By Owner appeared first on Charleston SC House Buyers.How to For Sale By Owner Selling your house can be stressful, even when you are using an agent. Doing it yourself might seem an even more daunting task, but there are definite benefits to FSBO, or “for sale by owner”. Many people are uncertain of where to...
Do you own an investment property in Charleston that you’d like to sell? When other people are living in your house, the selling process can become a bit more complicated. In our latest post, learn more about how to sell your house with tenants in Charleston!
As a landlord, there may come a day when you wish to sell your house. Even if you have tenants, it is your property and you may sell it if you wish. In some cases, you’ll be able to let your tenants know, and it won’t be an issue. However, you also don’t want to risk losing your tenants and being stuck with a vacant house while your house is on the market. That said, the tenants have rights, and you want to make sure you aren’t violating them.
Below, we discuss common things that arise when you decide to sell your house with tenants in Charleston.
The Lease Situation
What does your lease situation look like? If you have a month to month lease, ending it shouldn’t be too difficult. You’ will need to provide a fair amount of notice to your tenant, typically 30-60 days. If you are in the midst of a fixed-term lease, things are a bit different. If you want to sell mid-lease, you’ll either need to sell the property to an investor who will honor the lease, or give your tenant some sort of incentive to move out. Some leases contain early-termination clauses that would allow you to end the lease early in certain situations. Remember, the tenant has rights too under the fair housing act, and if you violate those rights, you could find yourself penalized.
If You Have Difficult Tenants
If your tenant has violated their lease, you should be able to evict them without an issue. That said, if your tenant is refusing to leave, the eviction process can become long and arduous. Most landlords try to avoid dealing with evictions at all costs. By selling your house with tenants directly, you’ll be able to avoid the eviction process yourself and be able to move on from the property with cash in hand. Many direct buyers will simply take over the lease and business will go on as usual. If the tenants are in violation of the lease, the buyer will go through the eviction process as necessary. Plus, a direct sale will help you avoid having to list, market, and show the property, things would likely cause even more tension between you and your difficult tenants.
There are many reasons why a direct sale is beneficial for people who need to sell their house with tenants in Charleston. Investors are happy to take over a property that already has a tenant in place, especially when they are in good standing. It saves them time and money advertising, marketing, and showing the property. They won’t have to bother screening tenants or running the background checks because those things have already been done. Even if there is a difficult tenant living in the home, an experienced investor won’t have trouble pursuing the eviction process if the tenant is in violation. They have likely had to do it before, and won’t be bothered by the process.
If you want to sell a house with tenants in Charleston, there are certain ways to go about doing it. Always make sure you are being fair to your tenants, and giving the proper amount of notice. Not only is it the law, but it is the right thing to do.
To get more information about how to sell your house with tenants in Charleston, send us a message or give us a call today!
The post How To Sell Your House With Tenants In Charleston appeared first on We Buy Charleston Houses.
Do you own an investment property in Charleston that you’d like to sell? When other people are living in your house, the selling process can become a bit more complicated. In our latest post, learn more about how to sell your house with tenants in Charleston! As...
How to Get Out of Debt. We’re local, professional Charleston SC house buyers and we can provide debt relief help by buying your house fast with cash. You can sell your house fast and learn how to get out of debt by calling (843) 553-5005 today.
The post How To Get Out Of Debt appeared first on Charleston SC House Buyers.How to Get Out of Debt. We’re local, professional Charleston SC house buyers and we can provide debt relief help by buying your house fast with cash. You can sell your house fast and learn how to get out of debt by calling (843) 553-5005 today. The post How To...