In Over Your Head? Unfortunate Parts of the Real Estate World

In Over Your Head Unfortunate Parts of the Real Estate World

Any experienced real estate agent, or even an experienced seller, will tell you that real estate deals sometimes run smoothly, but often run into some very serious problems that require decision-making under pressure.

It’s not hard to be in over your head in real estate. Properties cost a lot more than most people have on hand in cash, so there’s a whole sophisticated industry around lending and financing for real estate. There are all kinds of safeguards to the process, and steps that buyers and sellers have to go through in making a transaction.

Simply put – many sellers are under pressure. Some sellers set it up so that they have another place to live and a financial cushion – so that they can take their time, stage the property and show it in a relaxed process, taking their time weighing offers that come in.

Others just don’t have this luxury.

Taxes and Other Costs

Unless you have multiple properties and can afford to leave a building empty, you’re probably working with a pretty quick time frame in terms of sale.

But that’s just the beginning – property taxes are due every month. For someone who’s holding a traditional mortgage and living in the home, these property taxes often get factored into an escrow account. But when you’re someone who’s selling a property that’s vacant, those property tax bills are sent directly to you, and that can be hundreds of dollars a month.

In addition, there’s insurance – which for a vacant property can range into thousands of dollars per year.

Maintenance Burdens

The majority of sellers are choosing to sell in a summer or spring market, because that’s where the activity is.

Unfortunately, in many parts of the United States, that’s also the season that involves the most intense landscaping and outdoor property maintenance. That means at a bare minimum the seller needs to have someone  on hand to mow and weed and take care of the property week by week.

That’s in addition to any infrastructure emergencies that might take place including:

  • Plumbing
  • Electrical
  • Appliance failures
  • Water damage

Then there’s wear to the structure of the property, including doors, windows and trim.

Helping the Stressed-Out Seller

Here’s where Quicker Home Sale comes in.

We understand that not every seller has the luxury of dealing with a traditional market process with all of that what that entails, including a seller disclosure form, common appraisal and inspection timeline, title process and more.

With Quicker Home Sale, it’s this simple – you tell us about your property, we set up a showing, and after we tour, we prevent present you with a fair market no-obligation offer.

While it’s typical for traditional real estate sales to have settlement delayed by 30 or 60 or even 90 or 120 days, we can get cash in your hand within a week or two. As we say: “selling your house can be a quick and simple process.”

If all of this sounds like what you’re facing, check out our website and read more about how we can help.

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