All posts by Elite Properties

Downsizing Your Home Find Out The Reasons

Downsizing Your Home? Find Out The Reasons

with:

Life changes dynamically with each passing day, and it can be tough to envisage your future needs. People build big houses when they plan to expand their family or to live in luxury. Although as time passes by, your needs may scale up or down. If your children have moved out or you’re about to retire, this is when you can think of downsizing your home.

Downsizing your home can be an efficient move for several reasons as it saves a lot of money that flows into the maintenance of a big house. Here, you would want to know the reasons to downsize your home? There are many personal motives that can justify this question. We know downsizing your home can be an emotional roller-coaster ride due to the memories you have with the place. Changing the size of your house, and moving to a new location can cause discomfort, but as long as it helps you live a better life, it’s worth it. If you are considering downsizing your home? Find out the reasons here.

Possible Reasons to Downsize Your Home

People have their explanations to downsize homes, some may state reasons like high-maintenance, and some may say lifestyle change. Downsizing can cut heavy expenses with a lot of margin which enables you to live a burden-free life. You need to ask questions like; do you really need to downsize your home? Or you can still figure out ways without doing so. If this sounds intriguing then find out the possible reasons to downsize your home –  

  • Helps You Cope With Finances

A big house comes with liabilities and prominent financial facets, which should be satiated regularly. Nobody loves the notion of paying a hefty amount as a mortgage installment every month. Selling your house for cash will help in paying a significant chunk as repayment towards the mortgage. Furthermore, if you have any outstanding amount, you can purchase a smaller house with cash.

If you’ve already settled the mortgage payments in the past and have enough equity, then you can sell the home and still relish it in a sizable amount. As a bonus, if your house sells in an appreciated value without any negotiations, then you can keep both the savings and profits of the sale.

  • Eradication of Monthly Expenses

Unbearable monthly expenses are also one of the reasons to downsize homes. Costs like monthly bills, HOA fees, homeowners insurance, additional taxes, gas expenses, and pest control expenses add up to your monthly bills which can be too much to handle. Downsizing may significantly cut down your monthly expenses and keep you at bay from some serious cash flow. Living in a smaller place with the same amenity promises a lesser expenditure which is need of the hour.

  • Maintenance Is Troublesome

Problems don’t originate only when you’re away from your home it can knock the doors, in your presence as well. If you own a big house and are away from it for a long time, it’s time to downsize your home. Staying away from your home will nevertheless require maintenance, which can be impossible if you’re staying far away. Little things like mowing lawns and dusting furniture can become a troublesome task. You’ll possibly have to hire a caretaker that again comes as an added expenditure. If an old or retired couple stays in a big house, maintenance becomes an arduous task. If you’re a grown-up the problem stays the same. Performing regular chores and taking care of huge spaces require energy and money, which you probably want to save. By downsizing your home, you are saving it from being deteriorated.

  • Lifestyle Changes While Retirement

Retirement is a huge turn in an individual’s life, it is also a pretty common reason to downsize homes. Downsizing your home becomes a vital requirement if you’re retired or going to retire as expenses stay the same, but the income doesn’t. When you move into a smaller home, you are likely to save more. Things like mortgage payments, insurance, and property taxes will be reduced by a good number.

  • Get Rid Of Unused Spaces

Less is more, the case stays the same when you have a big house. Having a big house will have its pros and cons, rather it will have more cons. If your home has empty and unused spaces with furniture lying everywhere, you can consider selling, donating or tossing the furniture. When the problem with furniture is settled, it’s time to think about the spaces. Space means maintenance, instead of maintaining the house try selling it for cash. You can also sell your house to cash buying companies.

Consider Selling Your House for Cash

Selling house for cash is the way out to all your problems. Elite Properties will buy your house in any condition, any location and propose you with an all-cash offer. Selling house fast for cash will enable you to start afresh but how? We buy houses by keeping in mind the market value, in return, we provide you with hard cash which aids in tackling all the major obstacles in your life. Call us on 718-977-5462 or visit us at Elite Properties we’ll help you find appropriate solutions for all your real estate watershed.

Leave a comment
6 Potential Tips To Sell Your House In A Bad Neighborhood

6 Potential Tips To Sell Your House In A Bad Neighborhood

with:

We know selling a home is challenging, but selling a home in a bad neighborhood can be much more difficult. If you’re residing in an undesirable location, you can still increase the chances of selling your home for a profit. There are multiple ways to sell your house in a bad neighborhood, the easiest way is to highlight the features of your home. We would like to share ‘6 potential tips to sell your house in a bad neighborhood’ which will ensure a guaranteed sale.

Pick Shortest Routes and Stress on Features

While conducting walkthroughs or open houses, you’ll have to update potential prospects on the best route to your house. Make sure you bypass routes that possess heavy traffic. Provide them with directions that have supermarkets, parks, or any public places on the way. Additionally, you can brief the visitors on the nearby subways or bus stations to help them connect to the nearby areas. You can ask your neighbors to mow the lawns and clean the overgrown yards to impress buyers. Your ultimate goal should be to make the buyers love your property before they start judging the neighborhood.

 

Tips_To _Sell_Your_House_In_A_Bad_Neighborhood

Tips To Sell Your House In A Bad Neighborhood

 

Talk to first-time home buyers

Talking to first-time home buyers can be easy to deal with as they can be open to various offers. If first-timers are a couple, they are probably not looking for a desirable neighborhood but a decent house. If a house fits into their budget, they’re more inclined to purchase it.

Price carefully and Offer discounts

Pricing your home requires a lot of research. Setting a high price for your house might not even qualify for a sale. You’ll have to extract home selling prices from your neighborhood to get a better understanding of a price range. You can also put repair discounts or just offer a discounted price of your home to entice buyers. Avoid spending a lot on repairs as you’ll be selling your home to people with a tight budget. If you have already made repairs then make sure you highlight those features as the USP of the sale.

Enhance Curb Appeal and Stage Your Home

When you know you are residing in a bad location, you’ll have to make slight modifications. Enhancing the curb appeal always works magic in the home selling process. You can clean the porch, power wash the outdoors, put in a fresh coat of paint, and remove the unwanted items that make your exteriors look shabby. The buyer should feel welcomed as soon as he or she glances at the house. A buyer will never want a drab-looking house as the saying goes; the first impression is the last impression.

Hold an Open House

Hosting an open house can be a great way of uniting buyers and offering them to have a closer look at the home. It pushes buyers to purchase the property as they know they’re not the only buyers around. You can show the good areas around the neighborhood and give assurance of a quiet surroundings.

Consider Selling To Cash Buying Companies

Finding a potential buyer for selling a house in a bad neighborhood is difficult. Buyers won’t be satisfied unless you possess some positive points to sell the house in a bad location. We at Elite Properties comprise a team of qualified and skilled agents who assist you in your difficult times. They purchase your house in any condition and location for cash, after which the house is sold to potential clients.

Bottom Lines

‘Sell your house for cash’ is the safest pick when none of the options work out for you. Cash buying companies buy your houses in an as-is condition which means; it saves a lot of time and money. If you are considering selling your house to cash buying companies then you can visit ‘Elite Properties or call us at 718-977-5462 we’ll give you the best solution for your real estate crisis.

Leave a comment
Selling Your Home as is for Cash

Find Ways To Save Money While Selling Your Home as is for Cash

with:

Selling Your Home as is for Cash doesn’t have to be costly. Your home is a big asset and you wouldn’t want to spend a lot and get less than the desired value. You might be thinking that selling a house will be expensive and never-ending, which is partially true. However, we would like to tell you how you can find ways to save money while selling your home quickly and cherish the yields of the sale.

 

Sell Your House for Cash

Selling your house for cash is the most feasible solution while selling your home, how? Selling a house for cash has several perks, the sale closes in a much faster timeline, which allows you to proceed with your timeline. Second, if you choose Elite Properties you can sell your house within 3 days, so if you have a tight deadline, you have a solution. Third, you are offered an all-cash offer which means you have immediate cash for your next purchase.

 

Avoid Real Estate Agents

As much as real estate agents are saviors in the home selling process sometimes it’s better not to pick them.

Why?

Hiring a real estate agent has many pros, but in the specified situation, there are none. When you hire an agent you are automatically liable to pay the fees in multiple facets like commission and sale profits. Paying additional costs might decrease the value of your sale and would not produce any profits. In the worst-case scenario, you would end up spending a lot rather than saving. Also, an agent will take his or her time to make a fast-paced sale which will again cost you dollars.

 

For Sale By Owner

A ‘For Sale By Owner’ or FSBO listing is one thing that is accessible while trying to save money. The process can save you loads of money and can guarantee a profitable sale. There are many phases to such kind of a sale like; walkthroughs, attending prospects, marketing your property, etc. which will be solely done by yourself. Handling all these things at once might be challenging as it consumes a lot of your time. As a drawback, conducting showings and attending prospects personally will hamper your daily routine. You’ll have to perform repairs by yourself instead of a handyman, remember leave no space for any glitches.

Although, you can utilize the digital era to your advantage, taking pictures of your property (some exclusive drone shots) will help entice prospective buyers. You can list your property online for free on social media platforms that will serve you in gaining positive attention. By doing this you are cutting the costs of hiring a photographer and a broker which typifies an expenditure of more than a hundred dollars.

 

Sell House With Repair Discounts

Selling your house with repair discounts is the finest option to get away from a rugged property. If a part of your house is in bad condition or requires a little more than repair, you can list your property with a repair discount. A repair discount is when you sell your home by cutting a little chunk of the amount as a credit to the buyer to make further renovations. So instead of spending your equity, you can let the buyer make renovations according to his or her desired taste. Also, when you make repairs on your own the estimate will add construction costs, which is a mandated expense to your budget. You can sell your house in as-is condition to buy houses from cash companies it is one of the best options rather than doing repairs by yourself.

 

Consider DIY

As stated above doing things on your own will save you from bleeding dollars from your pocket. Your home is probably functioning great but what about aesthetics? You would require a painter, a handyman, and for minimal repairs probably a plumber. Hiring people for each job can be time, energy, and most importantly money consuming. Consider the ‘Do It Yourself technique, you can perform many things on your own like painting, cleaning, staging (if required), and repairing. This will work like magic on your estimates, as a result, you’ll save thousands of dollars, which helps in retaining your equity. Although DIYs are fun to do, you also have to keep in mind they will require all your efforts and time which you are surely running out of.

 

Sell Your House As-Is

Selling your house as-is is a better option than FSBO, how? FSBO listing will take up a lot of your time and energy whereas selling your home as-is will need none. This process doesn’t require a lot of time or any legal documentation as well. Selling your house as-is to cash buying companies will offer you a fair market value of your home by considering the condition of your house as well. They will also propose to you an all-cash, no-obligation offer which is a cherry on the cake.

If you want to sell your house fast for cash or have any queries regarding the real estate crisis we will be happy to help you. Get in touch with us today to learn more about ‘How can you save money while selling home’. Reach us at 718-977-5462 and we will provide quality solutions for all your problems.

Leave a comment
Guide To Sell Your House Fast After Divorce

A Guide To Sell Your Home Fast After Divorce

with:

A home is an extremely big asset for couples. When a couple chooses to separate, the relationship as well as the house also goes through a lot. A divorce comes with a lot of deliberations and mutual agreements which is important for the long run. Here, your part is to decide whether you want to sell your house or buy out to your spouse. Given below is a guide to Sell Your Home fast after the divorce which will help you with your existing chaotic situations.

If you have chosen to sell your house, there are many things down the lane waiting for you. Selling your home is a long and lengthy process, it isn’t a smooth run. In such a case, the best way out of it is to talk it out with your partner. Mutual decisions go a long way and where real estate is involved it can be extremely expensive and hard on pockets. It is the tight sure way to Sell Your Home fast.

Sell and Split

The best option which will reduce the disagreements is selling your house and splitting the proceeds of the sale equally. Why selling your house is a feasible option? First, neither of the spouses can afford the maintenance of the property. If the couple has kids it can double the expenses, with the ongoing expenses of divorce it can be a tough situation to tackle. Selling your house for cash is a feasible option because the proceeds of the sale can be split equally. Therefore, selling your house is an optimal solution for multiple reasons.

Buy Out the House

The second option is to buy out the house which means; the spouse who wants to maintain the ownership would recompense the other with half of the share. They can share a part or whole value of the house which can be transferred to the other half as a settlement of the divorce. Here, the spouse on the receiving end gets to keep a part of the house and receive the calculated share once it is sold.

Hold On To the House

If a couple with children is getting divorced, they would choose to hold on to the house. In this case, the couple can hold on without altering the ownership. You can choose to stay until your children move out for work. This can only happen when the couple can bear each other’s differences and think financially.

Sorting Out the Mortgage

Before taking a step to sell your home, you will be accountable to ask questions yourself. Questions like what are your income requirements if you chose to keep the house and retain ownership? What aspects would come into play if you sell your house? Will my children be affected by the decision, what are their needs? Etc. Once you know the answers, you can move ahead.

If a couple has a joint mortgage, they usually prefer to sort the mortgage on a single name (either of the spouse’s names). It is beneficial from both sides because the person residing in the house won’t rely on another half for the mortgage. Lastly, the person who discards the name from the mortgage can lend more money for a new home as they are exempt from the joint mortgage.

Understanding Your Property Rights

A house is an immensely big asset for one to keep. If you are going through a divorce, it becomes necessary to protect and understand your property rights. Securing property rights saves you from any felonies that your partner does without any knowledge. Home rights ensure neither partner can’t be forced to vacate the home even if it is under their ownership or not.

It is important to be aware of the laws and regulations while going through a divorce. The “Family Law Act” gives access to:

  • Staying in your home unless a court order states to vacate the residence
  • You will be notified of any repossession action taken by your mortgage lender
  • If you have moved out, you can urge the court to grant permission for returning back

Sell your house fast for cash

As stated earlier in the blog, selling your house is the fastest solution after a divorce. Selling your home to cash buying companies eludes the chaos of legal processes and additional costs. Elite Properties is a reliable company when you choose to sell your house fast for cash. We buy houses all cash so you can sell your house within 3 days and move on with a new life. Rest assured we will buy a house in any condition, any location.

A divorce is a tiresome process that can drain you mentally. To Sell Your Home fast for cash will save you time, money, and energy, you can split the yields and move ahead with the rest of your plans. If you have any queries regarding the same you can call us at 718-977-5462 or visit us at Elite Properties we will provide you the best possible solution in your rough time.

Leave a comment
Best Options To Sell Your Damaged House Fast

Best Options To Sell Your Damaged House Fast

with:

If you are a damaged property owner, you are certainly looking for selling your damaged house fast. Houses with damage prove to be a big cost consumer. It clutches a lot of repair costs that can’t be covered just by your equity. We understand selling a damaged house is frustrating and stressful as it needs repairs and your situation as a homeowner is desperate. Hence, we would like to provide you with the best options to sell your damaged house fast. Whatever the condition of your house would be, we will promise a guaranteed sale.

Reasons That Cause Damage to Your House

There are multiple reasons that cause damage to your house; natural calamities or peculiar occurrences of events the array is extensive. A natural crisis like strong gusts of wind, heavy rainfall, tornados, hurricanes, hail storms and fire are reasons that damage your house enormously. Other than natural calamities instances like bad tenants, theft and vandalism are also some of the causes of damage to your property. While these instances can’t be ignored, the best way out of it is to sell your damaged house fast. As considering improvements will be extremely costly.

Why Repairing Is Not a Feasible Option?

The reasons stated above can extensively damage your house. If your home is damage due to natural mishaps it will definitely cost you thousands of dollars which is still not enough. These damages require a lot of money that can leave you broke. In some instances, the damages are so major that repairing the house will cost you twice the retail price of your house. Repairing a ceiling or flooring will consume the maximum of your saving while else will only add up to costs. If you’re considering repairing as your option, think twice as it will consume your time, energy, and a big chunk of capital.

While repairing is not a feasible option, you can always think to sell your damaged house fast to buy houses for Cash Company. You can sell your house within 3 days to us at Elite Properties and we will propose to you a no obligation, all-cash offer.  This will provide you with a fair amount of money in hand in return for your damaged house which will help in funding your new shelter.

Location Plays a Vital Role

Similar to other reasons selling your damaged house requires a good location. When you have a damaged house in a bad location, it will certainly require a lot of filtration. People perceive some neighborhoods as bad although the surrounding might be pleasing. In a nutshell, a bad location will affect your home sale negatively.

Let’s take an example, A house near a school is considered a good location while a house near railroad tracks is labeled as a bad location for evident reasons.

If you are residing in a bad location or a bad neighborhood you can put focus on the good points to sell your house fast. The right approach is to lower the price of your house and emphasize the features of your house. If you are residing in New York you can sell it to us, we buy houses in any location.

We Buy Houses in Any Condition

Sell your damaged house as-is to Elite Properties. Selling your distressed property to us will save you money and time. While selling through a real estate agent will take you ages, selling your damaged house to us will cut the repair costs. We will close the deal in less than a week so you can devour the perks of working around your timeline.

The burden of repairing a damaged house is taxing and lengthy, selling it to cash-buying companies is the most convenient way out of the chaos. Elite properties make your life easier with fast closings and all-cash offers. If you want to sell your damaged house fast, call us here at 718-977-5462 and we will buy your house in any condition and at any location.

Leave a comment
Selling Your House As-Is Fast How To Do It

Selling Your House As-Is Fast, How To Do It?

with:

When you are stuck in a rut and have no money to do the existential repairs, opt for selling your house as-is. Selling house as-is doesn’t require improvements before selling to companies that buy houses in any condition. You might be thinking how do I sell my house as-is fast? We have a complete plan of action that serves your purpose of a quick home sale. Scroll down below to see how selling as-is the best option in your tough times.

 

Selling Your House As-Is, What Does It Mean?

Selling your house as-is means: a seller selling the house in its existing condition with flaws and undone improvements. As-is defines “as it is”, which means the seller won’t pay any additional costs in doing the costly repairs. While transaction the seller and buyer should be in complete mutual agreement of the deal. The buyer has to sign a legal document which indicates he or she comprehends the conditions of the contract and is ready to buy house in any condition.

 

Why Selling Your House As-Is Is An Option?

There are many reasons why people choose selling house as-is as an option. Home sellers opt for this option where they find themselves in a situation where they cannot afford improvements or have a tight timeline in terms of migrating due to work. In such cases, people tend to sell house fast to exclude the troubles of getting into legal processes, additional closing and repairing costs. Some instances are also emotionally drowning where selling your house as-is is a wiser pick.

For example: when a couple ends up having a divorce or a family which is going through a financial crisis will prefer selling house as-is to avoid foreclosure. Financial distress, migration, unaffordable repairs stand to be the topmost reasons to sell house as-is.

 

How much do you lose selling a house as is?

The amount you could lose on an as-is sale of a house varies and is difficult to determine. According to iBuyer.com, offers for as-is homes may range from 75% to 95% of what they would be if repairs or renovations were made. The condition of the house and the local real estate market are significant factors that affect the offer price. 

In a strong seller’s market, the gap between the offer price for an as-is sale and a regular sale may decrease or disappear entirely. Additionally, the location of the house plays a crucial role. If the house is in a highly desirable neighborhood or on prime property, its condition may matter less, and buyers may be willing to pay for the overall real estate package.

 

Is it a good idea to sell your house as-is?

Selling your house as-is can have both advantages and disadvantages. 

  • On the positive side, you can save money on repairs and staging costs, and put your house on the market right away. Additionally, the closing process may be smoother if your buyer has the necessary funds or access to a loan.
  • However, selling as-is may also mean a lower selling price, as buyers may be hesitant to pay full price for a property that needs work. You may also have fewer interested buyers, as the as-is designation can be a red flag for some. 
  • Finally, if the buyer is financing the purchase, their lender may require an appraisal and may not approve as large a loan if the home is in poor condition, potentially leading to an appraisal gap. 

Ultimately, the decision to sell as-is depends on your individual circumstances and priorities.

 

The Best Mode to Sell Your House As-Is Fast

The only best way to sell your house as-is fast is to sell it to we buy houses for cash companies. ‘Elite Properties’ aids you in selling your house fast for cash. Companies tagged under the label ‘we buy houses any condition’ proposes you with an all-cash offer. It is really important to avoid soaring your expectations from the deal. As a seller you have to keep in mind, you are selling your home in its existing condition without performing required improvements hence, you will be proposed with a low-balled offer. The good point here is that these companies provide you with an offer based on the current fair market value of your property. 

 

Benefits Of Selling a House As-Is For Cash

As stated above financial uncertainty leads you to an emotional trauma where the only option to get out of the problem is to sell your house as-is. Choosing the option of selling home as-is for cash provides you with multiple benefits. As you are not selling house by owner or with the help of a real estate agent you don’t have to perform a pre-listing inspection.

When they say ‘cash is the king’ it is certainly true. Although, you might achieve lowballed proceeds of the sale, it still covers your basic requirements. When you sell your house to cash buying companies it eases out the complicated home selling process. We would like to shed light on some benefits of selling your house as is for cash –

  • When you choose we buy houses any condition company, you eliminate expenditure on costly repairs
  • They don’t ask for any legal documents except the seller’s agreement, which eludes the hassles of legal documentation
  • Company like ‘Elite Properties’ allows you to sell your house within 3 days, this enables you to work according to your planned framework
  • The company proposes you a no obligation and fair all-cash offer
  • The company provides with the closing costs

How to sell a house as-is?

 

Be upfront that it’s as-is

To avoid any confusion or misunderstandings, it’s important to be upfront about the as-is condition of the item or property you’re selling. This means clearly stating in your listings and advertisements that you won’t be making any repairs or addressing any issues. 

It’s also important to reiterate this during negotiations and to include it in writing in the purchase and sale agreement. By being transparent about the as-is condition, you can ensure a smoother and more honest transaction for both parties involved.

 

Don’t forget seller’s disclosures

When selling a house, it’s important to remember that even if you’re selling it “as-is,” you still have a legal obligation to disclose any known defects to potential buyers. This includes issues like mold or foundation cracks. 

Laws vary by state, but most require sellers to disclose any known defects and some even have specific forms for this purpose. Real estate agents are also required to disclose any known defects. 

However, you’re only responsible for disclosing information that’s within your personal knowledge, so you don’t have to go digging for problems. 

If there’s a possibility of serious defects, it may be a good idea to order a pre-listing inspection to identify them and set a fair price for the home.

 

Keep the place clean

Even if you can’t afford any major upgrades, it’s important to keep your home as clean and tidy as possible. This means regularly mowing the yard, keeping surfaces clean, making the beds, putting away dishes, and storing clutter out of sight. 

You can also make some small cosmetic fixes to improve the overall appearance of your home. And always be prepared for viewings by keeping your home in tip-top shape.

 

How low can you go on Price?

When it comes to negotiating a price for a property, it’s important to have a clear idea of your bottom line. This will help you make quick counteroffers and avoid wasting time on offers that are too low. 

A real estate agent can be a valuable resource in this process, providing guidance on what offers to reject and what you might be willing to compromise on. 

Keep in mind that even if you list your property “as-is,” some buyers may still request an inspection and try to renegotiate based on the results. If the repairs are minor and won’t significantly impact the deal, it may be worth agreeing to make them or adjusting your asking price accordingly.

 

Last Words

When you choose ‘Elite Properties’ you don’t get the need to deal with a realtor and get yourself in the lengthy home selling process. You can sell your house in any condition, any location to us and we will provide with an all-cash offer. Call us today on 718-977-5462 and sell your house as-is quickly at a fair price.

Leave a comment
How Staging Helps In Selling Your House Fast

How Staging Helps In Selling Your House Fast?

with:

Are you thinking about selling your house fast? Consider staging, a hassle-free way to lucrative sales and no additional costs to pay. Staging is all about making your home more presentable and enticing for prospective buyers and you don’t even need a professional hand to stage your home. You can do it yourself in the way you would like it to be. It is a great way to eliminate clutter from your home and make it look spacious and attractive without spending dollars.    

Buyers are peachy keen observers, they judge your home in a jiffy with just a single look, which makes it extremely important to stage your home properly. A simple symmetric alignment of furniture or cleaning up the clutter can make a big change in the appearance of your property. Staging makes a big difference in the margin of the sale, learn how staging helps in selling your house fast by following effective tips.

Cleaning Is a Priority

Cleanliness is godliness, we are very thorough with this phrase, but we often forget to apply it when it comes to staging a house. Cleaning is an essential tool to sell your house fast and make buyers believe that you believe in hygienic living. The kitchen and bathrooms should be at the top of your cleaning list, a clean bathroom will always get bonus points while selling your house.  Put room fresheners (mostly flowery smells) clean the dirty stains in the kitchen and bathroom and you are good to go.

Decluttering Of Personal and Unwanted Items

A process that comes in extremely handy while de-cluttering is the “TDS” process. TDS simply means “Toss,” “Donate,” and “Store.” While staging your house, you could go through some massive mess, and decluttering takes forever. You can use the TDS method to get things sorted and sell your house fast.

For example: Toss the used items like clothes, random junk, or e-garbage and donate them to the one who needs them, or hosts a garage sale and sell it for lowballed prices.

Rest, store the things that you really need. While removing the clutter from your storage make sure you throw, recycle or sell the unwanted items to make space for the important ones.  Store your items in a fashion that they are not visible to prospective buyers.

Add Color / Make Use of Dead Spaces/ Accessorize Rooms

While adding a touch of fresh paint might sound expensive we will tell you how to paint walls on a budget. First scrape off the shabby paint from the walls with the help of a sand paper then add a coat of primer and two coats of paint by yourself. By doing this you are straight away cutting of the costs of hiring a painter plus, you can paint the walls according to your choice. Utilize your living room and use the dead wall as your center of attraction. Painting just the dead or the central walls will immediately give a pop of color without doing much work.

Tip: Try using neutral colors that will be loved by both genders, keeping dominant and gender-specific colors slash the attraction of a potential buyer.

If you have dead spaces like lobbies, niches or window corners make use of it. Try arranging low-height seating around the window, and add coffee tables in the niche of your living room. Doing just a little as this will potentially maximize your sale. Buyers love to see how each space can be used to get the maximum use out of a room or house that they are paying for. Accentuating the dead areas and making them livable will provide you with a hefty gain.  

Accessorizing interiors can change the aesthetic appeal of a house completely, which also helps in selling your house fast. You don’t have to buy expensive handicrafts or décor, just cleaning the chandeliers till sparkly clean and adding fresh flowers in the flower vase will do the trick. You can also switch the bright white lights with yellow-toned lights or hanging lights to give a sense of warmth.

Let Natural Light In and Update Upholstery

Cleaning the windows can work its magic. While a walkthrough makes sure all your windows are open in the daytime to let the natural light in. Letting sunlight in makes the space look bigger and wider.

An important point is to clean your upholsteries and draperies. Give a quick wash to your curtains and upholsteries to enhance the appeal of your house. If you have two or more sets of upholsteries and curtains try making a subtle combination of them. Strike a balance between the paint and furniture that will complement and complete your home’s look.

Trim the Extra Greens and Rake the Spaces Outside

Whether you have a porch, a front yard, or a back yard it is important to keep it clean and pleasant. Rake the leaves and cut off the excess growth of plants. Put welcome mats on the porch, add hanging plants on the door and keep away the litter box if you have pets. Doing this will make your buyers feel special and welcomed. 

Increase the Curb Appeal / Make Required Improvements

A quick look from the outside makes the first call for walkthroughs. Buyers often focus on the outsides of a place to finalize a walkthrough. Luring your buyers with appealing exteriors is a must, but how? First off, get rid of the dull painted exteriors. Add big and bold hanging house numbers, get the porch sparkly clean, clean the windows and mow the lawns. These are some points to consider to increase the curb appeal of your house.

If your home is pretty and not functional it’s not worth buying. A buyer might give up on looks for once but not the functionality. Take measures to constantly check your HVAC systems, sewage tanks, water pipes, toilet and bath fittings, etc. to avoid last-minute repairs.

Keep Pets Away, Add Scents to Cover the Odor

If you have pets at your home, try to keep them away from buyers. We comprehend pets are an integral part of your family, but some people might not be pet lovers. Some buyers can be pet friendly while some pet allergic. It is your due responsibility to keep them away until the house tour is complete. It is not just the pets but their litter boxes and food plates that need to wipe out for some time.

Sell Fast for Cash

Everything boils down to selling your house fast which provides you with plenty of profit. If you think the traditional way of staging and selling is too much, you can contact buy houses for cash companies like ‘Elite Properties. They will buy your house in any condition and propose with an all-cash offer post which they stage your house and sell it further to prospective buyers. If you are residing in New York and want to sell your house fast without the hassles of staging and preparing your home for market get in touch with us. You can contact on the given number here 718-977-5462 and they’ll do the rest. 

Leave a comment
How Do I Sell My House Fast With Fire Damage

How to Sell My House Fast With Fire Damage?

with:

Losing your home in a fire is a traumatic situation for any homeowner. Such situations can leave people in emotional and financial drainage. As the amount of loss is high and the scope of improvement is naught. The amount of tangible destruction that these items cause to the property is devastating. In such instances people often tend to ask the question, how do I sell my house fast with fire damage? First off, ask yourself a question do you want to repair and sell your house? Or sell it directly to a cash-buying company?

Fire damage can be a serious thing to tackle as nobody is prepared for the later consequences of the loss. The destruction caused can be to such an extent that homeowners prefer selling fire-damaged property rather than spending dollars on repairing it. First off, get a home inspection complete to get the actual worth of your property post-accident. Once you know the value and the percentage of damage you can calculate the amount required for improvements. As you have chosen to sell as your option you can list your property by yourself which will evidently cost a lot. Else, you could sell your house as is to a cash buying company and save yourself thousands of dollars and time.

How to Sell Your Fire Damaged House Fast?

Selling a house with fire damage could be difficult but companies that buy houses in any condition make everything easy. These companies do not ask you for any legal documents for closing the deal. Although, it is important to keep a copy of your insurance, claims, police reports, and repairs that you made. Selling a house as it slashes many hassles of paperwork and saves you a lot of time and money inclusively. We buy houses companies like ‘Elite Properties’ buy your house for cash in any condition.

As stated above choosing such companies will save you time as they close the deal within 3 days. Choose for yourself if you want to spend money on repairs and rehabilitation of your property or gain a cash offer by selling your house with fire damage. Selling your house in as-is condition will additionally provide you with the Fair Market Value of your house.

If you are thinking to sell a fire-damaged house, you need to do home improvements and home repairs to make it ready for sale. Scroll down below to follow the things that you should do –

Get To The Cleaning and Improvements

Repairing your home promises you a better sale but it also comes with a price. Relying on the ratio of the damage repairs can be relatively expensive or even unaffordable. If your home has gone through structural damage, you’ll be bleeding thousands of dollars from your pocket. Whereas internal damages can be less expensive. If the majority of damages are to claim you’ll only need a little amount to cure the burnt damage.

Fire causes extreme damage to the property, some damages leave the house in an uninhabitable condition. Although, it will work out if you have time and dollars to spend. A fire-hit house can set you back by 4,000 to 40,000 dollars minimum. The costs vary with the amount of damage caused, in most cases you might need to reconstruct the entire home which is double the retail value of the property. Additional costs will play a massive role in repairing the roof and ceiling if it had caught fire.

Furthermore, repairing requires a lot of your time which goes into monitoring the improvements. It takes a toll on your head if you hire contractors to do the needful and creates unwanted hassles. Here the best option to save yourself from the situation is to sell your house as is.

Isolate Damaged Items and Coordinate with Insurance Companies

An insurance claim can cover repair costs or can provide you with the payment for your new home. Although, they are certain restrictions and factors to assess, which don’t aid in anything but energy consumption and stress. As per the policies, some insurance companies might ask you to do proper documentation of the damage caused. You have to click pictures and write descriptions in detail for the inventory. Some mandatory things required to put on the list are –

  • Model number
  • Serial number
  • Purchasing date of the item
  • The amount
  • A short description of the item

Fire damage claims are the top priority for insurance companies. The company sends an inspector to inspect the damages within a few days. The claims are processed. You should organize the documents promptly to avoid chaos. If you are providing the given details then it becomes easy for the company to document it and claim for the rest. 

There are three mandatory steps to claim insurance –

  • Reporting of the incidence
  • The company sends an insurer to evaluate the loss. You will get to how much you will be paid.
  • Post the above step the company sends the check through the mail or transfers the amount directly to your bank account

With the ever-increasing fire damage property cases, it becomes crucial for you to thoroughly the fire insurance claiming / filing process. In situations where you need to empty the property quickly, you’d leave your vital items in the home. Here, you can urge the insurer to provide you with the advance amount from the insurance to cure the loss.

Find a Temporary Livable Place

As your home is not in a habitable condition you have to move out until the damages are cured. Such situations are really excruciating as you are already paying for repairs and rent just adds to the expense.

Selling Your House with Fire Damage

A cash home buying company might be your single source of receiving profit and getting rid of fire-damaged property with no improvements done. You do not require a realtor to sell your home for cash you can do it yourself and get provided with a no-obligation cash offer.

Although, if you choose the traditional way of the home selling process it is suggested to be prepared for a time and money-consuming course. If you are stuck with any other real estate-related crisis, Elite Properties New York will be at your rescue. Call us on the number given here 718-977-5462 to learn ‘How do I sell my house fast with fire damage’.

Leave a comment
Selling An Inherited Property, How Do I Find It's Worth

Selling An Inherited Property, How Do I Find It’s Worth?

with:

Selling an inherited property can always be the safest option rather than preserving or moving into it. Inherited property is a beautiful gift that is passed on to you, but with the very same gift comes a burden as well. In such a situation selling the inherited property is the smartest move. If you have never sold a home before, you are certainly going to face challenges during the inherited home selling process. As difficult as it is we will provide you with a full-fledged mode of ‘How to find the value of your inherited property that will help with the process to sell your house fast.

Calculating Cost- Basis of an Inherited Property

The cost-basis calculations of an inherited property vary from other mandatory taxes. The cost-basis calculation is based on the Fair Market Value of the property at the time of the homeowner’s death. It can also be calculated when the homeowner transfers the assets to the descendant.

In case, if the worth of an asset or property drops during or post-death, you can choose a valuation date. The valuation date is six months after the death of the owner. By choosing a valuation date you can help reduce the outstanding taxes on the inheritance.

Note: There are no federal taxes levied on inherited property in some states. Although, few of them still clasp a tradition of levying duties as per the relationship with the person who died.

For example, The spouse of the person who died is not liable to pay inheritance taxes. Whereas, a descendant often pays the duties.

Get the House Inspected and Appraised

It is very important to get the actual value of the inherited property. Getting a home inspection and an appraisal serves to get the actual worth of your property. Before you price your home make sure you hire an evaluator who holds experience with inherited property. There are multiple factors that derive the appraised value of your inherited house. The price of the property is appraised on the grounds of the condition, required improvements, and current market value.

Price Suitably To Sell Your House Fast

People often forget pricing your inherited property high may never lead them to the desired sale profit. We know an inherited property has many memories attached to it although, it is crucial to move on with it. Don’t let the memories decide the price of your house. Weigh your needs and act accordingly, if you are in a rush propose a lowballed offer and get away with the pain of maintaining the property.

You can utilize many online tools to carry out a Comparative Market Analysis (CMA) and get an accurate price by comparing comps. Keep in mind hiring a real estate agent will not come in handy. Selling your home through an agent will take days and months including the agent’s fees and property taxes.

Add “Repair Discount” To the Offer

An inherited property requires endless repairs. You need a big chunk of a separate amount other than extra costs and taxes to pay. As the property is to transfer under your name, you become liable for all the repairs you conduct. You can choose to do the required improvements solely if you have enough time and dollars to spend. You can also choose to give a ‘repair discount’. By giving a repair discount you are eliminating the hassle of performing the repairs yourself, which eventually saves you a lot of time and money. Repair discounts entice buyers as the figure of the property is deduced by some amount.

Capital Gains On Selling Inherited Property

If you have made up your mind to sell your inherited property, you cannot free yourself from the tax obligations. When you sell an inherited property the cost – basis is the date of death or the alternate date (valuation period). If you opt to sell an inherited house fast, your capital gains will be minimal. Although, if you hold onto inherited assets for less than a year you have to give tax as same as it would cost for a year.

For example: If the cost basis of your inherited property is 3 million dollars and the price for which you sold your property is 3.1 million dollars, you are only liable to pay capital gains for the extra one million dollars.

Inheritance Tax Exemptions

Inheritance taxes vary from state to state. The exemptions from inheritance taxes depend on the relationship with the person who died. Generally, the surviving spouse is exempt from the inheritance tax. The closer the relationship with the deceased the lower the taxes levied.

Similarly, the inheritance tax threshold varies from state to the relationship with the decedent. The threshold amount varies from 500 dollars to 40 thousand dollars, the tax rate ranges from 1% to 18%. Usually, a state might charge a 13% tax on your inheritances. 

Sell Your House Fast For Cash

If you want to sell your inherited property fast, contact cash buying companies like ‘Elite Properties’. The company will buy your home as-is in any condition, which means getting away from the hassle of legal processes. Opting for these companies will save you an ample amount of time and money furthermore, they propose an all-cash offer.

When you are proposed with ‘inherited property for fast cash offer’ and have multiple beneficiaries, it is easy to split the yields of the sale. If you are thinking to sell your inherited house fast, we will buy it for quick cash. Get in touch with ‘Elite Properties’ and get ready for a stress-free home selling process.  

Leave a comment