Author: Hometown Development

If your home has been damaged in some way, it may be harder to sell without a lot of expensive repairs. Fire damage, water damage, vandalism, or other kinds of damage can cause buyers to turn away when they see all the work involved. If you don’t want to be stuck with a lot of repairs, there are a few ways to sell without putting in all that work.

First, you will need to know how much work needs to be done. For example with fire damage, is the problem mostly from smoke or did the fire compromise the integrity of the structure? With water damage, is there mold and mildew hidden or just cosmetic damage?

Restore the Home to Pre-Damage State

You can fix all the damage before you sell. While this will give you the best price at selling time, it may not cover the costs of repairs. Plus, many sellers don’t have that kind of money or time to spend when they want to sell fast.

List the Home Anyway

You can always list the home as-is and disclose the damage to buyers. It isn’t against the law to sell a damaged house, but it can be quite challenging. You’ll need to find a buyer who can get financing for such a property and someone willing to take on the work. Even in a seller’s market, you might have a hard time finding such a buyer in the traditional market.

Sell As-Is to a Cash House Buyer

On the other hand, cash buyers aren’t afraid of homes with damage. They are experienced at buying properties that come with problems. In this situation, you can sell without worrying about making repairs or trying to find someone willing to take a risk on a damaged property.

Do you want to sell your damaged property fast? Talk to the team at Hometown Development. We are always looking for homes just like yours that need a little extra TLC. We’ll make you a cash offer, so you can sell your property in as little as five days. To find out more, reach out to us online today.  

Selling a home can be one of the most stressful situations you’re ever in. You must deal with getting the house ready to sell, live your life around home tours, and wait for offers from buyers. If you host open houses, you will have even more traffic coming through your personal space. While much of this can be inevitable, you must learn how to handle that stress. Here are some tips for dealing with the stress of selling a home.

Plan Ahead

One of the best ways to deal with stress in this situation is to plan ahead. Have a place to go during an open house. Set up specific times for home tours which works best into your schedule. Come up with creative ideas to keep your house clean for minimal pickup before a home tour. For instance, you may want to keep out just a few toys for the kids and pack the rest away. Perhaps you’ll decide to rent a storage unit for most of your stuff, which means less cleaning up clutter until you sell.

Don’t Repair More than Necessary

Find out which repairs are needed and focus on them. Many sellers have limited funds for updating or fixing things on their home, so make it count. Choose repairs that will make the home more functional or have a big impact. But don’t try to tackle it all, or you’ll end up feeling overwhelmed.

Rely on Expert Advice

You can’t be expected to know everything about selling a home. Fortunately, you don’t have to. There are experts all around you who can help steer you in the right direction. Whether it’s understanding an offer, reading an inspection report, or deciding which repairs you need to make, you can rely on those who have the knowledge and experience to help you.

Avoid the Stress

If you want to avoid the stress of selling your home completely, sell it as-is to an investor. Hometown Development will provide you with a free cash offer based on the current market value. You can sell in as few as five days with no need for repairs, no home tours or open houses, no inspections and no real estate agents.Give us a call at 616-379-3090 or contact us online to set up a no-obligation walk-through today. Let us help you sell your home stress-free.

Selling a house with a lien isn’t easy, but it can be done. However, it can be quite complicated if you’ve never been through such a scenario before. If you’re in that situation, the following information can help you move forward.

What is a Lien And How to Know If You Have One on Your Property?

A lien is an instrument used to claim possession of a property which belongs to someone else until a debt is paid to the person claiming the lien. For instance, a builder may place a lien on a property until the property owner pays for the work that has been done to build a home. There are three kinds of liens:

·         Mechanical – placed by a builder or other trade for work done on or to your property

·         Tax – placed by the IRS or state for taxes owed

·         Judgment – placed by the court for a debtor who is owed money

It’s easy to find out if you have a lien on your property. You may not be aware of any lien, but you can check with the county clerk, assessor, or recorder. Most of the time, you can do this online at their website and enter the address of the property.

How to Resolve a Lien

If you find a lien on your property, don’t panic. First, make sure it hasn’t been paid. Sometimes the debt may be paid, but the lien won’t automatically drop off. The lien-holder must request to have it removed, and they may have failed to do so. If this is the case, you can contact the lien-holder and ask to have it taken off your property.

If you still owe the debt attached to the lien, you can pay the debt and request it to be removed. This can take some time for it to show up on the records, depending on how quickly the lien-holder processes your payment and takes the required steps.

How to Sell with a Lien

In some cases, you may not be in a place financially to pay off the lien and have it removed. You may think you’re stuck in a bad situation. However, there is hope. You can sell your property with a lien attached as long as the buyer is willing to pay off the lien at closing or the proceeds of the sale satisfy the lien before you receive your portion.

Many buyers don’t like the thought of buying a property with a lien attached, but you can find cash buyers who won’t hesitate. Talk to Hometown Development for guidance on selling your home with a lien and find out how they can help. 

Dealing with a divorce can be a challenging situation. When you’re trying to sell your Michigan house in a divorce, the problems can increase. Here are five tips to help you through this situation.

1.       Make a Decision Not Based on Emotion

You may be at the stage of trying to decide if you want to sell or keep the property. Since you won’t both be living there, both parties must agree to the final decision of what to do with the home. If one person would be living there with the children, keeping the house may be the preferred arrangement. However, it may end up being too costly for them to maintain with the reduced income. Look at the situation as objectively as possible to make a decision that is best for all parties involved.

2.       Consider Costs of Keeping a Home

Even if you feel that keeping the home would be ideal for any kids involved, think about the costs that come with home ownership. Along with your mortgage payment, you must pay for any repairs and maintenance. You also have utilities, insurance, and other costs involved. With one less income and one less person living in the house, it may be more than you want or need.

3.       Consider Who Owns the Property

Selling a house in Michigan during a divorce isn’t always simple. You must first consider who owns the property. If both names are on the property, both parties must agree to the sale. If only one person owns the property or if it was purchased by one person before you got married, that person may have sole authority to make the decision about what to do with it. The laws regarding property ownership in marriage vary by state, which is why it is important to know how it works in Michigan. Since this is a complicated legal issue, it is best to speak with your attorney on your rights to the home.

4.       Sell Quickly to Move Forward

If you both are agreeable that you need to sell the house, you’ll want to sell it quickly. Your divorce won’t be finalized until everything is settled. You’ll have to deal with open houses, home tours, and offers with a traditional sale as well as the costs involved, which means you and your spouse will have to work together to come to a decision. If you aren’t on speaking terms, this can make a difficult decision even worse.

5.       Consider How a Cash House Buyer Can Help

The fastest and easiest way to sell your house in a divorce is to a cash buyer. Cash buyers don’t need to go through lenders for financing, which can cut down the time it takes to close. They aren’t intimidated by challenging situations, lawyers, and court cases. They offer a fair cash price and will even take care of most of the paperwork to get you out of the house and moving forward with the divorce quickly.

The team at Hometown Development is experienced in buying homes in a divorce and will take much of the stress of selling away. We provide a fair cash offer and explain your options, so you know you are making the right decision. Contact us today for a no-obligation free cash offer at 616-379-3090.