Owning and managing rental properties and the tenants who live there isn’t always what it’s cracked up to be, whether your properties are multi-family units or single-family homes. The properties themselves require regular upkeep and renters often need constant attention. And, sometimes, the passive income you get from a property just doesn’t balance out the hassle of keeping it around. That can be especially true if, for instance, you live in Visalia or Bakersfield but your property is in San Bernardino. No one likes being a long-distance landlord. Then again, it’s not easy running rental properties no matter where they are located. So, if you’re tired of being a landlord and all the troubles that go with it, what is the best way to get out? We have some options for you.
Most likely, this is the first time you have inherited a house, and the experience may be somewhat disorienting. First, there was the death of a loved one, then perhaps the long, complicated probate process, and suddenly: you have a house. So the question arises of what to do with it. If the property is habitable and in good condition, you might consider renting it out. Whether it is or not, you may also consider selling it through a real estate agent or putting it up ‘for sale by owner.’ But depending on the condition of the house and the amount of time or money you have to spare, this may prove challenging. Let’s take a look at all your choices, including one you may not have considered yet.
You may not want your bank to know that you’re facing financial difficulties. It’s the kind of conversation that we all would prefer to avoid. But that is the first thing you should do when you realize there is potential trouble with your mortgage payments ahead. Believe it or not, your bank does not want to foreclose on your house, so it may be able to offer some solutions for you. But the bank can only be so flexible. It is, after all, a business and it has its own financial interests to look after. Working with or without the bank, there are several alternatives to foreclosure available to you. Let’s look at the pros and cons of your options, including staying in control of your finances by selling your house.
Every first-time home seller wonders who is responsible for paying the real estate agent fees in California. If you are thinking about selling your old house in Walnut Creek or downsizing your current one in Tulare and have been asking yourself the same question, you are in very good company. The real estate commissions rates in California are some of the highest in the nation, averaging around six percent for a full-service real estate agent, so these fees can really add up. And, depending on your reason for selling in the first place, the prospect of paying high fees just to get your home sold may not sit well with you—or your pocketbook. It is possible to reduce what you are responsible for, however, and even avoid paying any fees at all. Let us explain.
Whether you’re selling your house to ease the financial burden of caring for it, get out from under mortgage payments, or moving for a new job, putting the wheels in motion to help you move on to your next destination can be an adventure. Unfortunately, it can also be expensive—adding even more stress to what may already feel like a complicated undertaking. Selling the house yourself, however, can lower your costs and reduce some of the pressure. That’s not to say that it won’t be a lot of hard work or without its own unique challenges, but if you know how to do a ‘for sale by owner,’ the process can pay off in more ways than you might expect.
You got a new job—congratulations! Moving out of state for a job means you have all sorts of new opportunities and adventures opening up to you. You’ll want to make selling your house as unadventurous as possible though, especially since you are probably on a tight deadline for this long-distance move. You have a lot to do in a short amount of time, so you have to define your tasks clearly and get them done in an organized manner to stay on top of them. It’s helpful to have a rundown of the steps you need to take to get your house sold fast on hand as your move gets closer. Here, you’ll find just that. In addition, you can downloadable a checklist to print and keep with you so you don’t miss any important steps. And, if all gets too overwhelming, we also offer an easy alternative way to get your house sold so you can get on with your big move.
The cost of living in California is on the rise. Whether you live in Sacramento, Fresno, or San Bernardino counties, you’ve probably felt the pinch too and, maybe, that’s part of the reason why you’re selling your home. After all, unloading your property is a great way to reduce your overall expenses. And, if money is a concern, another good money-saving option is to sell your home yourself. But, how do you sell your house without an agent? Let’s explore the process.
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