California’s real estate market always seems to be one of the hottest in the country. Things have cooled off a bit recently, but if you live anywhere in the Golden State—especially in hot spots like Fresno and the San Joaquin counties—you’ve probably noticed that a lot of homes are still flying off the shelves. In fact, part of the reason you may have decided to sell your home is because it seems like a great time to do it. But that can just make it more confusing, even frustrating, if your house is not selling and you’re out of options. Fortunately, it may just be an issue of strategy—and there are several ways you can change that up to gain more buyer attention.
Going through probate is often lengthy and confusing, full of legal procedures and unclear rules. And, when it’s over, you end up with a property that you may not know what to do with or even want. Perhaps the inherited house is far away from your own home, needs costly repairs, or has to be divided between multiple family members. Whatever the case, it seems the best solution is to sell as quickly as possible. But can you?
The good news is that if you are inheriting a house that you would prefer to sell rather than own, you often can. But selling a house before probate is granted is different than a usual real estate sale, so you’ll need to be smart about how you go about it. You may be able to find a qualified real estate agent to help you get it sold or perhaps even do a ‘For Sale by Owner’ deal. Either way, you’ll have to navigate certain rules, which might be challenging. Let’s take a look at your options—including one that you might not have considered before.
When it’s time to sell your home, one of the first, and most important, choices you’ll make is whether or not to use a real estate agent. Of course, that decision will necessarily be influenced by the cost of doing so, and the service you can expect to get in return for the fees you’ll pay. To make matters a little more complicated, California real estate commission rates are no longer one size fits all. You could go with a flat-fee service, a discount brokerage, or a full-service firm. The costs for each can vary widely for sellers, making it worth your time to compare the options carefully. But, remember that the old adage is often true: Sometimes, you get what you pay for.
If you’ve missed a mortgage payment or two and are concerned that the bank may foreclose on your home, take heart. There are things you can do to avoid foreclosure. No one wants a home foreclosure—neither you nor your lenders. Your lender wants payment, not a house. They may be flexible in helping you keep your home. If all else fails, you may find that selling your house is the best solution for you.
The landlord laws in California are some of the strictest in the nation and, though it’s not overtly stated in the statute, these laws clearly favor the rights of renters. If you’ve ever been a tenant anywhere in California, you’ve probably benefited from these laws, whether you realized it or not. As a landlord, however, it’s possible you’ve found that the perk of receiving passive income every month isn’t worth the paper it’s printed on—especially when you’ve had to struggle with troublesome tenants. If you’re in a tough spot now with a rental, and are wondering how to best deal with occupants who are increasingly a problem, it’s important to consider first how the state’s landlord laws could impact your decisions as a landlord.
Selling a house is a big undertaking, and it can be even more complex when you’re selling a home that needs major repairs. Most homebuyers are looking for a house that is move-in ready. So if your property is going to turn up expensive issues on an inspection—if it needs a new roof, new floors, or HVAC repairs, for example—it can be at a major disadvantage on the market. But there are a few different options when it comes to selling that house. You may want to renovate the house before you sell it. You may list it without making renovations. Or you might sell your house directly to a real estate investment company. Each of these choices requires different actions from you and can lead to different results, so you’ll need to pick the one that best suits your situation.
The number of homeowners trying to sell their property themselves seems to have increased in recent years. If you have a home you’re looking to put on the market, you might be considering the same. Perhaps your property in Victorville’s been sitting vacant since you moved to San Diego to be closer to the grandkids. Or you’ve been renting out your second house in Clovis to tenants for a while, but being a landlord has become a burden. Selling it yourself lets you avoid making repairs while attracting potential buyers who want a fixer-upper deal. Forgoing the expense of hiring a real estate agent might be one way to save some cash, time, and effort. Whatever your case may be, if you want—or need—to sell your property fast and at the best possible price, you’ll need a few “For Sale By Owner” tips and tricks to make it happen.
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