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Sell your House Fast in Michigan – The Stress-Free Way That Actually Works

Thinking about selling your house but don’t want to wait months for the right buyer? You’re not alone. Many homeowners across the state are searching for ways to sell my house fast in Michigan without going through a long, complicated process. 

Whether you’re facing a personal challenge, relocating, or just want to avoid major repairs and realtor fees, there’s good news: selling fast is possible—and this guide will show you how.

Let’s break down everything in easy, practical steps.


Why Michigan Homeowners Need to Sell Quickly

There are many reasons why people want or need to sell their home fast—and none of them mean you’re doing something wrong.

Some of the most common situations include:

  • Relocating for work or family reasons
  • Inheriting a home you don’t plan to keep
  • Going through a divorce or separation
  • Facing financial hardship or potential foreclosure
  • Owning a rental property that’s become a burden

Life can change fast, and waiting months for a traditional sale doesn’t always make sense. That’s why more sellers are looking for quicker, more flexible ways to move on with peace of mind.


What Slows Down the Home Selling Process?

To understand how to speed things up, you first have to know what causes delays in a traditional home sale.

1. Too Many Repairs

Buyers tend to avoid homes that need a lot of work. A leaking roof or outdated kitchen can scare them off—or lead to long negotiations.

2. Financing Falls Through

Even if a buyer wants your home, banks can take time to approve the loan—or decline it altogether.

3. Overpricing the Home

It’s tempting to aim high, but pricing too far above market value can cause your house to sit unsold for weeks or months.

4. Too Many Showings and Open Houses

This process can be stressful, especially when you’re living in the home while trying to keep it spotless every day.

For more information on common home sale delays, check out Zillow’s guide to selling.


a map of Michigan,

Quickest Ways to Sell a House in Michigan

Now let’s talk about solutions—specifically, how you can sell faster without all the headaches.

✅ Selling With a Realtor

This is the traditional route. Realtors can list your home, market it, and help manage showings. However, this still involves:

  • Repairs and prep work
  • Waiting for a buyer
  • Paying commission fees (typically 5–6%)

If you’re not in a rush and your home is in great shape, this can work—but it’s not the fastest route.

✅ For Sale By Owner (FSBO)

Some sellers take matters into their own hands. You can list your home on sites like Zillow, Facebook Marketplace, or Craigslist. This saves on agent fees, but it also means:

  • You’ll handle everything yourself (pricing, paperwork, showings)
  • Marketing may not be as strong
  • It could still take weeks or months to close

✅ Selling to a Real Estate Investor or Cash Buyer

This is often the fastest and most stress-free option.

Cash buyers—like Hometown Development—buy houses in as-is condition. That means:

  • No repairs needed
  • No listings or showings
  • No waiting on buyer loans
  • No agent commissions

You get a fair cash offer and can often close in as little as 7–10 days.


Step-by-Step: How the Cash Home Sale Process Works

One of the biggest benefits of working with a real estate investor is the simplicity. Here’s what the process usually looks like:

1. Reach Out for a Free Offer

You fill out a short form or call the company. You share basic info about your home—no inspections or listings required.

2. Get a Cash Offer Within 24–48 Hours

A local buyer reviews your property and makes an offer based on its condition and the current market.

3. Accept and Choose Your Closing Date

If you’re happy with the offer, you choose when to close—often within 1–2 weeks.

4. Close and Get Paid

You sign a few documents, and the money is wired to your account. That’s it—no surprises, no stress.


What to Look For in a Trustworthy Cash Buyer

Not all buyers are the same. Before accepting an offer, make sure the company you work with is:

  • Local to Michigan and knows the neighborhoods
  • Transparent with no hidden fees
  • Well-reviewed by real people
  • Flexible with your timeline

Red flags include high-pressure tactics, vague offers, or asking for upfront fees. A good company will walk you through everything, answer your questions, and respect your pace.


Sell your House Fast in Michigan: What You Need to Know

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When it comes to how to sell your house fast in Michigan, the key is simplicity and speed.

You don’t need to pour thousands into home repairs. You don’t have to deal with agents, banks, or endless paperwork. Selling your home fast is 100% possible—especially when you work with a local buyer who understands your needs.

At Hometown Development, we specialize in helping homeowners just like you move on with confidence.


Why Selling to a Local Buyer Makes a Big Difference

Working with a national company can feel cold and impersonal. But Hometown Development is based right here in Michigan. We know the local market and the neighborhoods that make this place special.

We’ve helped homeowners in:

  • Grand Rapids
  • Kentwood
  • Wyoming
  • Rockford
  • Holland
  • Hudsonville
  • Belding
  • and dozens of other West Michigan towns

When you sell to a local cash buyer, you’re working with someone who understands your property’s real value—not just what the computer says. And that can mean a faster, smoother sale with no surprises.


Ready to Sell your house Fast? We’re Buying Houses Near You

If you’re ready to sell your house quickly, Hometown Development is here to make the process simple, stress-free, and tailored to your needs. Whether you’re facing unexpected life changes or just want to move on without the hassle of repairs and showings, we can help you close on your terms—with a fair, no-obligation cash offer.

We proudly serve homeowners across West Michigan, and we’re actively buying houses in areas like:

No matter the condition of your property—whether it’s outdated, inherited, has a tax lien, or just needs a fast sale—we’re interested.

We’re not here to waste your time. You won’t need to:

  • Make any repairs
  • Clean up or stage the home
  • Wait for a buyer to get financing
  • Pay realtor commissions or closing costs

Just reach out, and we’ll walk you through our easy 4-step process. We’ll answer your questions, give you a fair cash offer, and let you decide what works best for you.

👉 Click here to get your free cash offer now
Or give us a call today—we’re real people, based right here in your community.


Final Thoughts: You Have More Options Than You Think

Selling a house can feel stressful, especially if you’re short on time. But you don’t have to go through this alone—or settle for less than your home is worth. By choosing a faster, easier way to sell, you can focus on what’s next—whether it’s a fresh start, a new city, or simply peace of mind.

How to Put a House on Sale the Right Way (Most Homeowners Get This Wrong)

Selling a home can feel overwhelming, especially if it’s your first time. You may be asking yourself questions like how to put a house on sale, what steps to take, or how to attract buyers without spending a fortune. Don’t worry—you’re not alone.

This guide is here to walk you through the process in a way that’s easy to understand, even if English isn’t your first language. We’ll cover everything from prepping your home to closing the deal, with tips to help you feel confident every step of the way.


1. Understand Why You’re Selling

Before listing your house, it’s important to understand your reason for selling. Are you relocating for work? Downsizing now that the kids have moved out? Looking for a bigger place for a growing family?

Knowing your “why” helps guide the entire process. For example, if you need to move quickly, you might accept a slightly lower offer for a faster sale. If you’re not in a rush, you may wait for a higher price.

Make sure your goal is clear:

  • Do you want to sell as fast as possible?
  • Are you trying to get the most money out of your home?
  • Are you looking for a buyer who will take the property “as-is”?

2. Get Your Home Ready

First impressions matter. You don’t have to spend thousands of dollars renovating your home, but doing a few basic things can go a long way.

Declutter and Deep Clean

Pack up anything you don’t use every day. Less clutter helps the space look bigger. Clean everything—floors, windows, bathrooms, and kitchens especially.

Small Repairs Make a Big Difference

Fix broken lights, leaky faucets, or peeling paint. These small details might seem minor, but they can make buyers think the home isn’t well maintained.

Boost Your Curb Appeal

The outside of your home is the first thing buyers see—make it count. Trim the bushes, sweep the porch, and consider a fresh coat of paint on the front door. Even something simple like adding a welcome mat can make a difference. First impressions matter, and a neat exterior sets the tone for what buyers expect inside.

If you’re residing in Grand Rapids, Wyoming, Kentwood, Rockford, or anywhere in Kent County, boosting your curb appeal can really help your home stand out. Buyers in these West Michigan communities appreciate a well-kept yard and clean exterior. Take a look at other homes in your area and try to match—or beat—their presentation for a stronger impact.

Pro Tip: According to Homelight, staged homes sell 88% faster and for 20% more than non-staged homes.


3. Price It Right: How to Sell Your Home Faster Without Losing Money

One of the biggest mistakes home sellers make is setting the wrong price. If you go too high, your house could sit on the market for months. Too low? You might lose out on the money you deserve. The sweet spot is somewhere in the middle—where buyers feel like they’re getting a good deal, and you still walk away happy.

Do Some Research

Start by checking out homes similar to yours in your area—same size, number of bedrooms, condition, and location. Websites like Zillow and Redfin are great tools for this. Look at both listings and recently sold properties to get a good idea of what your home might be worth.

Want to Skip the Guesswork?

If you’re in Kent County or the West Michigan area, Hometown Development can help. We buy homes in any condition and give you a fair cash offer—fast. No listings, no repairs, no hassle. It’s a great option if you want to avoid the pricing game altogether and sell on your terms.

👉 Visit HometownDev.com to see how easy it can be to sell your home today.


4. Decide How You Want to Sell

You have two main options when it comes to selling your house:

1. Hire a Real Estate Agent

A real estate agent can help you:

  • List your home on multiple sites
  • Handle paperwork
  • Market the home
  • Negotiate offers

They usually charge a commission, often around 5–6% of the sale price, but they handle much of the stress for you.

How to Put a House on Sale the Right Way
a man and woman trying to decide to sell homes for cash

2. Sell the Home Yourself (For Sale By Owner – FSBO)

Selling your home on your own—often called For Sale By Owner (FSBO)—can sound like a smart way to save money. And in many cases, it is! Real estate agents typically charge a commission of 5–6% of the home’s final selling price. On a $300,000 home, that’s up to $18,000 in fees. So, it’s understandable why some homeowners consider handling the sale themselves.

But before you decide to go this route, it’s important to understand what FSBO really involves.

You’re the Boss—But Also the Whole Team

When you sell your home yourself, you’re in charge of everything. That includes:

  • Pricing the home correctly
  • Taking professional-quality photos
  • Writing the listing description
  • Posting it on websites like Zillow, Facebook Marketplace, or Craigslist
  • Scheduling and conducting showings
  • Answering buyer questions
  • Negotiating offers
  • Handling all paperwork and legal requirements

It’s a lot—but it’s doable if you’re organized, confident, and ready to put in the time.

The Pros of Selling FSBO

  • Save Money on Commission: This is the #1 reason people choose FSBO. You keep more of the sale price.
  • Full Control: You manage the timeline, communication, and decisions without going through a third party.
  • Personal Touch: No one knows your home better than you. You can highlight its best features in a way that feels genuine to potential buyers.

The Cons You Should Know

  • Time-Consuming: Marketing, showings, and paperwork can eat up your schedule—especially if you’re working or raising a family.
  • Legal Responsibility: You’ll need to make sure all the forms and contracts are filled out correctly. Mistakes can delay the sale or even lead to legal issues.
  • Emotional Decisions: It’s hard to stay objective when negotiating a price for your own home. An agent acts as a buffer, which can be helpful when emotions run high.
  • Limited Reach: Real estate agents have access to the MLS (Multiple Listing Service), which gives your home more exposure than most FSBO listings get.

So, Is FSBO Right for You?

FSBO might be a good fit if:

  • You have experience in real estate or sales
  • You’re comfortable talking to buyers and negotiating
  • You have the time to dedicate to the process
  • You’re not in a rush and can wait for the right buyer

But if all of that feels overwhelming, it’s totally okay to work with a professional.

A Middle Ground: Sell Without a Realtor—But Not Alone

If you’re in Kent County or the West Michigan area and want to sell your home without a real estate agent but still want help, consider working with Hometown Development. We’re not agents—we buy homes directly, fast and fair, with no commissions or closing costs.

You skip the hassle of listing, showings, and negotiations. Just reach out, and we’ll give you a no-obligation cash offer.
👉 Visit HometownDev.com to learn how easy FSBO can be—with a little help from local experts.


5. Take Great Photos and Write a Strong Listing

Your online listing is often the first time a buyer will see your home. Make it count!

Photos Matter More Than You Think

Use a good camera or hire a professional photographer. Make sure your rooms are clean, well-lit, and look inviting. Take pictures from angles that show off the space.

What to Include in Your Listing Description

Tell potential buyers:

  • How many bedrooms and bathrooms the house has
  • Recent upgrades or renovations
  • Nearby schools, parks, or shopping areas
  • Any special features like a big backyard, fireplace, or finished basement

Stay honest but positive. You want to highlight your home’s strengths.


6. How to Put a House on Sale: The Actual Listing Process

Now that everything’s ready, it’s time to actually put your house on the market.

Step-by-Step Breakdown

  1. List Your Home Online: Use sites like Zillow, Realtor.com, Facebook Marketplace, and Craigslist.
  2. Add Eye-Catching Photos: Choose the best shots that show off your space.
  3. Use a Catchy Headline: “Charming 3-Bedroom Home Near Downtown” works better than “House for Sale.”
  4. Set a Competitive Price: Based on your research and/or appraisal.
  5. Share the Listing: Use your social media channels, email, and even word of mouth.

7. Show the House to Potential Buyers

Once people start showing interest, you’ll need to let them see the home.

Open Houses vs. Private Showings

  • Open Houses: Let multiple people tour the home at once
  • Private Showings: More personal and one-on-one

Tips for Showing Your Home

  • Make sure it’s clean and smells good
  • Open windows and let in natural light
  • Keep pets out of the house during showings
  • Leave the house during the visit so buyers feel comfortable looking around

8. Review Offers and Negotiate Smartly

When someone makes an offer, you don’t have to say yes right away.

What to Look For

  • Price: Is it close to your asking price?
  • Conditions: Do they want you to make repairs or cover closing costs?
  • Timeline: When do they want to move in?

Counteroffers Are Normal

You can ask for a higher price, different move-in date, or reject an offer altogether. A real estate agent can help you navigate this process.


9. Closing the Deal

Once you accept an offer, the buyer will usually order a home inspection. If everything looks good, the deal can move forward.

Final Steps:

  • Complete paperwork with a lawyer or title company
  • Sign the necessary documents
  • Hand over the keys

You’re officially done!


Final Thoughts: Selling Your Home Doesn’t Have to Be Stressful

Learning how to put a house on sale might seem like a lot at first, but with the right plan, it can be a smooth and even exciting experience. Whether you’re downsizing, upgrading, or relocating, you deserve a sale that works for you.

Take your time, do your research, and don’t be afraid to ask for help. Selling a house isn’t just about bricks and mortar—it’s about your next chapter.


Need Help Selling in West Michigan?

If you’re in Kent County or anywhere in West Michigan, Hometown Development is here for you. We buy homes in any condition, and we make the process simple, quick, and fair.

No stress. No repairs. Just an honest offer.
👉 Visit HometownDev.com to get started today.

What to Consider When Selling Home With Minor Work

Selling a home that needs minor work can be a challenging decision. You may be asking yourself, “Should I sell it as is or make repairs before putting it on the market?” Before making a final decision, it’s important to ask yourself some important questions to ensure that you are making the best choice for you and your family. In this blog, we’ll explore seven questions you should ask yourself before selling your home if it needs minor work done.

What Repairs Does My Home Need?

The first step in selling your home that needs minor work is to identify what repairs are necessary. This may include things like fixing a leaky faucet, replacing a broken window, or repainting a room. Once you have a list of necessary repairs, you can determine how much time and money you’ll need to invest in getting your home ready for the market.

Can I Afford to Make the Repairs?

While making repairs to your home may increase its value, it’s important to consider the cost of the repairs and whether or not you can afford to make them.

If the repairs are minor and you have the time and skills to make them yourself, you may be able to save some money. However, if the repairs are extensive, it may be more cost-effective to sell your home as is.

What Is the Market Like in My Area?

It’s important to understand the real estate market in your area before putting your home on the market. If the market is strong and there are many buyers looking for homes in your area, you may be able to sell your home as is and still receive a good offer. However, if the market is slow and there are many homes for sale, you may need to make repairs to your home to make it more attractive to potential buyers.

What Is the Condition of Other Homes in My Neighborhood?

It’s also important to consider the condition of other homes in your neighborhood. If most of the homes in your neighborhood are in good condition and have been recently updated, you may need to make some repairs to your home to make it more competitive.

However, if most of the homes in your neighborhood are in a similar condition to yours, you may be able to sell your home as is.

How Much Can I Realistically Sell My Home For?

Before putting your home on the market, it’s important to understand how much you can realistically sell it for. This will depend on factors like the condition of your home, the real estate market in your area, and the prices of similar homes in your neighborhood. You can work with a real estate agent or use online tools to get an estimate of your home’s value.

How Quickly Do I Need to Sell My Home?

If you need to sell your home quickly, you may not have the time to make repairs before putting it on the market. In this case, it may be better to sell your home as is and price it accordingly. However, if you have some time to make repairs, you may be able to sell your home for a higher price and attract more potential buyers.

What Are My Priorities?

Ultimately, the decision to make repairs or sell your home as is will come down to your priorities. If you prioritize getting a quick sale, selling your home as is may be the best option. However, if you prioritize getting the best possible price for your home, making repairs may be the way to go.

If you choose to sell your home as is, you may want to consider working with a real estate investor. Investors are experienced in buying homes that need work and can often close a deal quickly. They will typically make an offer on your home in its current condition, allowing you to avoid the cost and hassle of making repairs.

In Conclusion:

Selling a home that needs minor work can be a smart decision if done properly. By asking yourself these seven questions, you can determine whether selling your home as is or making repairs is the best choice for you.

Regardless of the path you choose, it’s important to work with a professional real estate agent or investor who can guide you through the selling process and help you achieve your goals. With a little planning and preparation, you can sell your home and move on to the next chapter of your life with confidence.

Contact Hometown Development and start inquiring on how to sell your home in West Michigan today!


8 Moving Tips That’ll Make Your Transition Easier

Moving out of your home can be a daunting and stressful task, especially if you’ve lived in the same place for a long time. With so many things to consider, it’s easy to feel overwhelmed and unsure of where to start. But fear not!

With a bit of planning and preparation, you can make the moving process smooth and stress-free. In this article, we’ll share some unique tips to help you move out of your home with ease.

Start Early

One of the biggest mistakes people make when moving is leaving everything until the last minute. This can lead to unnecessary stress and rushed decisions. To avoid this, start planning and preparing for your move as early as possible.

Create a moving checklist and schedule to keep track of what needs to be done and when. This will help you stay on top of things and avoid any last-minute surprises.

If you’re planning a move from Grand Rapids or the surrounding area, you might also want to read our guide on how to sell your house fast in Grand Rapids.

Declutter

Moving is a great opportunity to declutter and get rid of any items you no longer need or use. Before you start packing, go through your belongings and separate them into three piles: keep, donate, and throw away. Be ruthless in your decision-making and only keep the items that are essential or hold sentimental value.

Not only will this make the packing process easier, but it will also save you time and money when it comes to moving.

Pack Smart

Packing can be a tedious and time-consuming task, but there are ways to make it easier. Use packing materials wisely by wrapping fragile items in clothing or towels instead of bubble wrap. This not only saves you money on packing supplies, but it also helps to keep your items organized and protected during transit.

Label boxes clearly with the contents and the room they belong in to make unpacking easier.

Hire a Professional Moving Company

While it may be tempting to save money by moving everything yourself, this can often lead to more stress and physical strain.

Hiring a professional moving company can save you time and energy, and also ensure that your items are transported safely and securely. Look for a reputable moving company with good reviews and compare prices to get the best deal.

Pack an Essentials Box

Moving can be chaotic, and it’s easy to lose track of important items in the shuffle. To avoid this, pack an essentials box with all the items you’ll need on the first night in your new home. This could include toiletries, a change of clothes, bedding, and any important documents or electronics. Keep this box with you during the move so that you have easy access to these items when you need them.

Take Photos

Before you start packing, take photos of your belongings and any valuable or fragile items. This will help you keep track of what you have and also provide evidence in case of any damage or loss during the move. It’s also a good idea to take photos of your new home before you move in, so that you have a record of its condition in case of any disputes with the landlord or property manager.

Label Cables

With so many electronic devices and cables, it can be confusing and time-consuming to figure out which cable goes with which device. To avoid this, label your cables with masking tape or cable ties so that you know exactly which cable goes where. This will save you time and frustration when setting up your electronics in your new home.

Pack a First Aid Kit

Moving can be a physically demanding task, and accidents can happen. To be prepared, pack a first aid kit with all the essentials such as bandages, antiseptic, pain relief, and any prescription medications. Keep this kit with you during the move so that you have easy access to it when you need it.

In Conclusion:

Moving out of your home can be a stressful and overwhelming task, but with a bit of planning and preparation, you can make the process much smoother and stress-free. Use these unique tips to help you move out of your home with ease. Remember to start early, declutter, pack smart, hire a professional moving company, pack an essentials box, take photos, label cables, and pack a first aid kit.

Moving can be a challenging process, but it’s also an opportunity for a fresh start and a new beginning. By following these tips, you can make the move as easy and stress-free as possible.

So, get started with your planning and preparation, and make your move a success! Good luck with your move, and we hope these tips help you get settled into your new home quickly and easily.

Is Selling My House for Cash a Good Idea?

Selling your house for cash can be a great idea, but it’s important to consider all the factors involved before making the decision. In this blog, we will explore the pros and cons of cash home sales, and provide you with information from three reputable sources to help you make an informed decision.

Pros of Selling Your House for Cash

  1. Speed: One of the biggest advantages of selling your house for cash is speed. Unlike traditional home sales, which can take months to close, cash home sales can be completed in just a few days. This is because cash buyers are not subject to the same financing contingencies that traditional buyers are.

    They don’t need to get a mortgage, which means there are no appraisal delays or loan underwriting processes to worry about. This can be especially beneficial if you need to sell quickly for personal reasons, such as a job change or financial hardship.
  2. Simplicity: Cash home sales are also much simpler than traditional home sales. You won’t have to worry about real estate agents, negotiations, or closing costs.

    You’ll simply receive a fair offer from a cash buyer, and if you accept, the sale will be completed in a matter of days. This can be a great option if you’re looking for a hassle-free way to sell your home.

  3. No Need for Repairs: Most cash buyers are looking for properties that are in need of repairs, so they can make a profit by fixing them up and reselling them.

    This means that you won’t have to spend money on fixing up your property before you sell it. You can sell your house as-is, which can save you time and money.

Cons of Selling Your House for Cash

Lower Sales Price:

One of the biggest disadvantages of selling your house for cash is that you may not receive as much money as you would if you sold it through a traditional home sale. Cash buyers are typically looking to buy properties at a discount, so they can make a profit by flipping them. This means that you may have to sell your house for less than its market value.

Limited Options:

Selling your house for cash may limit your options when it comes to choosing a buyer. There are only a few cash buyers in the market, so you may have to accept an offer from someone you’re not comfortable with. Additionally, because cash buyers are looking to buy properties at a discount, you may not receive as many offers as you would with a traditional home sale.

Scams:

Unfortunately, there are many scams associated with cash home sales. Be wary of any buyer who tries to pressure you into selling quickly, or who asks you to sign a contract before you’ve had a chance to fully understand the terms. Make sure you work with a reputable cash buyer, and never sign anything until you’re completely comfortable with the terms.

According to Forbes, “Cash home sales can be a good option for those looking for a fast and simple sale, but it’s important to be aware of the potential downsides. Make sure you understand the terms of the sale, and be wary of any buyer who tries to pressure you into a quick sale.”

The Balance states, “Cash home sales can be a quick and simple way to sell your property, but they can also result in a lower sales price. Make sure you understand the terms of the sale, and be aware of the potential risks involved.”

Finally, Realtor.com says, “Cash home sales can be a good option if you need to sell quickly, but they may not result in the highest sales price. Make sure you understand the terms of the sale, and be aware of the potential downsides. Work with a reputable cash buyer, and never sign anything until you’re completely comfortable with the terms.”

In Conclusion:

Selling your house for cash can be a great idea in certain situations, but it’s important to weigh the pros and cons carefully before making a decision. If you need to sell quickly, or if you’re looking for a hassle-free way to sell your property, a cash home sale may be the right option for you.

However, if you’re looking to get the highest possible sales price for your property, you may be better off going with a traditional home sale.

It’s important to understand the terms of the sale, be aware of the potential risks, and work with a reputable cash buyer. Do your research, consider all the factors involved, and make an informed decision that’s right for you and your family.

Should You Keep or Sell an Inherited Property?

Inheriting a house can be both a blessing and a burden. On one hand, you’ve just inherited a valuable asset that could be worth a substantial amount of money. On the other hand, you’re now responsible for a property that you may have never wanted in the first place.

One of the most common decisions that people who have inherited a house have to make is whether to sell it or keep it. In this blog post, we’ll explore the pros and cons of selling an inherited house, and help you decide what to do with it.

Pros of Selling an Inherited House

  1. Liquidity: One of the biggest benefits of selling an inherited house is that you’ll have instant access to a large sum of money. If you’re inheriting a house from a loved one who has passed away, this money can help cover any funeral expenses and other bills that need to be paid.
  2. Ease of Maintenance: Inheriting a house also means inheriting its responsibilities. If you don’t live in the house or if it’s located in a different state or city, maintaining the property can be difficult and costly. By selling the house, you can free yourself from these responsibilities and the stress that comes with it.
  3. Opportunity to Invest in Other Assets: If you don’t have any specific plans for the money from the sale of the inherited house, you can consider investing it in other assets, such as stocks, bonds, or mutual funds. This can help you grow your wealth over time.

Cons of Selling an Inherited House

  1. Capital Gains Taxes: When you sell an inherited house, you’ll likely have to pay capital gains taxes. The amount of taxes you’ll owe will depend on several factors, including the value of the property and how long you’ve owned it.

    Before making a decision to sell, it’s important to consult with a tax professional to understand the tax implications of selling an inherited property. You can also learn more about capital gains on inherited property from the IRS to get a general overview..
  2. Emotional Attachment: If you’ve inherited a house from a loved one, the thought of selling it can be emotionally difficult. The house may have sentimental value, and selling it can feel like you’re letting go of a part of your loved one’s legacy.
  3. Potential Loss of Income: If you were planning to rent out the inherited house, selling it means that you’ll lose the rental income that you would have received.

Making a Decision

Assess the Financial Situation:

Before making a decision, it’s important to consider your financial situation. Do you have any outstanding debts or bills you still need to pay? Are you comfortable with the amount of taxes that you’ll owe if you sell the property?

Consider the Emotional Factors:

If you have an emotional attachment to the inherited house, it’s important to take this into account. Ask yourself if the emotional value of the house is worth holding on to, or if you’d be better off letting it go and using the money to invest in other assets.

Consider the Location:

If you’re inheriting a house that’s located in an area with a high demand for rental properties, you may want to consider keeping it as a rental property. This can provide you with a steady source of income, which can be especially useful if you have ongoing expenses or if you’re looking for a way to supplement your income.

However, it’s important to understand that being a landlord comes with its own set of responsibilities and expenses. You’ll need to handle repairs, take care of maintenance issues, collect rent, and manage any problems with tenants.

Take Your Time:

Making a decision about what to do with an inherited house is not something that should be rushed. Take the time to consider all of your options, talk to family members and friends, and weigh the pros and cons of each option. You may even want to seek the advice of a financial advisor or tax professional to ensure that you make the best decision for your situation.

In Conclusion:

Inheriting a house can be both a blessing and a burden. Selling it can provide you with immediate liquidity, ease the burden of maintenance, and provide you with the opportunity to invest in other assets.

However, you’ll also have to pay capital gains taxes, face the emotional difficulty of letting go of the property, and potentially lose out on rental income. Keeping the property as a rental can provide you with a steady source of income, but you’ll also need to be prepared to handle the responsibilities that come with being a landlord.

Ultimately, the decision of whether to sell or keep an inherited house will depend on your individual financial and emotional situation. Take your time, consider all of your options, and make the decision that is right for you.

Becoming a Real Estate Investor in Michigan: Why & How?

Does a career or side hustle in real estate investment sound exciting to you? To help you determine if this could be your next career move, let’s discuss the steps you can take to learn how to become a real estate investor in Michigan. 

What is a Real Estate Investor? 

As the name suggests, a real estate investor is someone who invests money into real estate properties in order to make a profit. 

Here are just a few of the many ways real estate investors generate cash flow

  • Renovating fixer-upper houses and selling them for a profit.
  • Buying an apartment complex, hiring a management company to handle its day-to-day operations, and receiving cash flow from it every month. 
  • Flipping vacant land by purchasing it at a lower price and selling it at a higher price. 
  • Investing in a real estate investment trust (REIT) for passive income. 
  • Buying fixer-upper properties, renovating them, and renting them out for monthly cash flow.
  • Purchasing vacant land, building a house on it, and selling it for a profit. 

As real estate investors make money with each deal, the money they have available to them in order to buy more properties increases, and the cycle of buying, renovating, selling, and earning more money continues. As their cash flow increases, they’re able to invest in more expensive, risky, and potentially profitable projects. 

Benefits of Investing in Fixer-Upper Properties

Now that we understand a few of the ways real estate investors make money, let’s discuss a few of the advantages of investing in fixer-upper properties: 

  • Lower cost: Due to the amount of work fixer-uppers require they are available at a lower cost. This can be enticing for real estate investors because the cost of acquiring the property and fixing it up is usually lower than buying a turnkey property. 

 

  • Potentially less competition: Homes that require a significant amount of work can often drive away the competition because they don’t want to invest the time and money to fix up the property. 

 

  • Opportunities for customization: Properties that require significant renovations often provide the opportunity for a clean slate, meaning investors are able to tailor the property to suit their desired outcome and maximize their profits. 

5 Steps to Take to Become a Real Estate Investor

Let’s discuss a few of the steps you can take when determining how to become a real estate investor in Michigan. 

1. Consider Important Qualities of a Real Estate Investor

Before diving right into a potential real estate investment career, take a moment to reflect on the qualities you bring to the table in order to determine if this is the right career path for you

To help you come to a conclusive decision, here are a few important qualities real estate investors possess: 

  • Analytical skills: A large portion of your time as a real estate investor, especially when starting out on your own, will be spent analyzing data. This includes compiling useful data like available listings, past sale prices, renovation costs, and more to help you make your investment decisions. 

 

  • Money management skills: Managing a real estate portfolio requires strong money management skills. Real estate investors will need to have the self-control to be able to reinvest profits back into the growth of the business instead of spending them on more immediate rewards.

 

  • Living in a desired location: If you plan on making investments in the city where you live, you’ll want to first evaluate the quality of the real estate market in your area. How long are properties staying on the market? Do you live in a popular residential neighborhood, or in a noisy area near the airport? While it is possible to make real estate investments outside of your area, this might be more difficult for you when you’re just starting out. 

 

  • Negotiation skills: Being a real estate investor involves near-constant negotiations. You will be negotiating the purchase of properties at a price that works for your business, and you’ll also be negotiating the sale of these properties that ensures you maximize your profits. 

 

  • Patience: Being a real estate investor requires a lot of patience! Acquiring properties, renovating them, and selling them do not happen overnight. Sometimes finding a deal that meets your criteria can take several months on its own. There can also be construction delays, market slow-downs, and other unforeseen obstacles that can slow down the process. Having patience during difficult times will help you become a successful real estate investor. 

 

If you feel like you do not already possess these skills, take time to self-reflect and determine if you could realistically develop them. 

2. Learn About Real Estate

Building up your real estate knowledge will help set up your investment business for success. The more you understand market trends, transaction processes, and property values, the better equipped you will be to run your business. 

Growing your knowledge can involve taking online courses, attending an in-person real estate course, or conducting your own research. How far you take your research before you begin establishing your real estate investment business is up to you. 

3. Network With Other Investors

A helpful way to learn how to become a real estate investor is to talk with other real estate investors. This can include picking their brain to help determine if this is the right career path for you, asking for advice on how to begin, or requesting constructive criticism of your investment strategy. The connections you make with other real estate investors could also be particularly useful down the line when you’re looking for someone to partner with. 

4. Determine Your Investment Strategy

Before establishing your investment strategy, ask yourself how much time and money you have to spend on this business. Will you be making high-risk or low-risk investment decisions? Will you be taking an active or passive role in the business? These factors will play a huge role in how you’re able to craft the direction of your real estate investment business. 

An important part of determining your investment strategy involves deciding whether you want to make long-term or short-term investments. Short-term projects would include purchasing a fixer-upper, renovating it, and selling it for a profit in a span of less than 6 months. Long-term projects could include buying an apartment complex, making any necessary renovations, renting it out, and collecting monthly income for several years. 

Another important part of your investment strategy is determining how much of the business you are going to handle yourself and how much outside help you want to take on. This includes conducting research, facilitating real estate transactions, taking on outside investments, and more. Handling all of the work yourself will take up more of your time, while outsourcing the work will use up more of your funds for the business. 

5. Learn How to Find Opportunities

After you’ve educated yourself on the real estate industry and determined your real estate investment strategy, it’s time to find properties to invest in. This is an exciting part of becoming a real estate investor in Michigan because it actually involves taking action and purchasing properties. 

Learning how to find real estate investment opportunities involves: 

  • Narrowing down your search based on what you’re looking for, whether it’s vacant land, multi-family properties, or a single-family fixer-upper
  • Running the numbers on how much your investment into the property would cost, including renovations, and what profit you would potentially earn
  • Negotiating the purchase of the deal like a pro!

 

Buying properties will also be a complex process full of successes, mistakes, and learning opportunities. 

Partner with Hometown Development for Real Estate Investment Opportunities in West Michigan

We hope this article taught you more about how to become a real estate investor in Michigan, and we wish you the best of luck as you take on this new endeavor! If you’re interested in investing in the West Michigan area, connect with our team for partnership opportunities.

The Benefits of Selling Your House During Divorce

Selling a house during a divorce can be a stressful and emotionally charged experience, but it’s important to understand the tax benefits that may be available to you.

In Michigan, there are several tax benefits that can be gained from selling a house during a divorce, and it’s important to understand these so that you can make informed decisions about your financial future.

Before making any decisions, it’s smart to understand the legal implications of homeownership and divorce. Here’s a helpful overview on dividing property during divorce from Nolo.

Know Your Real Estate Tax Basics

First, it’s important to understand the basics of how taxes on real estate sales work in Michigan. When you sell a property in Michigan, you are required to pay capital gains tax on the profit you make from the sale.

The amount of tax you owe will depend on a number of factors, including how long you’ve owned the property, how much you’ve invested in it, and what the current market conditions are like.

However, there are some important tax benefits that can help mitigate the impact of selling a house during a divorce in Michigan. For example, if you’ve lived in the property for at least two years, you may be eligible for the exclusion of up to $250,000 in capital gains from your taxable income.

This exclusion applies to single taxpayers and married couples who file joint returns, and it can provide significant relief from the tax burden associated with selling a property.

Are You Familiar With The 1031 Exchange?

Another important tax benefit to consider when selling a house during a divorce in Michigan is the 1031 exchange. This allows you to defer paying capital gains tax on the sale of your property by reinvesting the proceeds into a similar property.

This can be a useful strategy for those who are looking to minimize their tax liability and preserve their wealth for the future.

In order to take advantage of these tax benefits, it’s important to work closely with a qualified tax professional. They can help you understand the tax implications of your divorce settlement and help you develop a plan to maximize your financial benefits.

In addition to these tax benefits, there are also some other financial considerations to keep in mind when selling a house during a divorce in Michigan.

For example, it’s important to understand the value of the property, as well as the costs associated with selling it. This can help you make informed decisions about how to divide the proceeds of the sale, and how to use the funds to build a secure financial future.

It’s All About The Timing!

Another important consideration is the timing of the sale. If you are able to sell the property quickly, you may be able to minimize your tax liability and maximize your financial benefits. However, it’s important to work closely with your divorce attorney to determine the best course of action for your unique circumstances.

Finally, it’s important to remember that selling a house during a divorce can be a complex and emotional experience. It’s important to have a supportive team in place, including a qualified divorce attorney and tax professional, to help you navigate the process and make informed decisions about your financial future.

In Conclusion

Selling a house during a divorce in Michigan can be a stressful and emotional experience, but it’s important to understand the tax benefits that may be available to you. From the exclusion of up to $250,000 in capital gains to the 1031 exchange, there are several strategies that can help you minimize your tax liability and preserve your wealth for the future.

Work closely with a qualified tax professional and divorce attorney to develop a plan that works best for you and your unique circumstances.

Some sellers also consider cash buyers for a stress-free process. Learn more about how our cash offer process works.

Why Sell Your House for Cash? Here Are the Primary Benefits

There are many benefits to selling your house for cash vs. the traditional process of listing your home for sale on the real estate market. The simple cash sale is faster, easier, and more valuable to homeowners who are in difficult financial situations, don’t want to make repairs to their home, or deal with the stress of a traditional sale.

Top 5 Benefits of Selling Your House for Cash

By selling a house for cash, you can avoid all of these issues and walk away with your money in as few as five days. Let’s explore the benefits of selling your house for cash and if it’s right for you.

1. Selling Your House for Cash Can Help You Out of a Tough Spot

If you find yourself in a difficult financial situation or need to get rid of your home quickly, selling your house for cash can give you the financial freedom you need to help you move out and move on.

When you’re facing foreclosure or behind on mortgage payments, it can feel like everything is working against you. Swimming against the current to keep your head above water is exhausting, but the alternative of letting the river take you isn’t ideal either. Fortunately, there is still a way to get out of the situation completely. Selling your house for cash can get you out from under your debt and put you in a better position to move on.

If you sell your home for a cash offer, you can also avoid foreclosure, get out of your troublesome mortgage, and salvage your credit, which allows you to move on to a home you can comfortably afford. By selling on your own terms, you can regain control over your finances and your future.

2. You Can Skip the Realtor When You Sell Your Home For Cash

Working with a realtor can be complicated. They often have their own ideas about what you need to do to prepare your home for sale. They may also build a series of hoops for you to jump through before you can list your home on the market. You’ll have to host an open house and keep your home in pristine condition so it’s ready to show to a potential buyer at a moment’s notice.

Selling your house for cash is much simpler. You won’t need to hire a realtor, follow their steps, or pay their commission once you’ve sold to a buyer. While a realtor is motivated to help you earn top dollar from your home sale, you have to pay a commission once the sale is final — the industry standard is about 6% of the sale price.

The most difficult part about working with a realtor is that you have to sell on their timeline. Selling your home with a realtor can take months of preparation and even longer to find a buyer and complete the closing process. If you need to sell your home quickly, this may not be the best option. Selling a house for cash means you can sell when you want and walk away with your offer in hand in as few as five days. With no preparations, open houses, or realtor’s fees, you can sell your home and get on with the rest of your life much faster.

3. Selling Your House for Cash Means No Need to Make Repairs

The easiest way to sell your home is to sell it as is for cash. This means you can sell your home in the condition it’s already in with no need to make repairs, changes, or updates to the house or property. The money you save is yours to keep.

By selling your house for cash to a real estate investor, you get to move on quickly and skip the time-consuming repairs so you can focus on your next steps.

If you can’t afford the repairs your home needs, like a new roof, foundation repair, or mold removal, or you just don’t want to deal with sprucing up the landscaping, picking out new paint colors, or updating your kitchen — it’s okay.  Selling a house for cash in an as-is sale lets the buyer worry about those concerns. A real estate investor has the time and capital to make repairs and updates to your home, saving you money and the hassle of dealing with them by yourself.

4. You Can Sell Your House for Cash When You Want, On Your Timeline

If you need to sell your home to relocate for work, because you’ve inherited an extra home, or due to a divorce, why wait around for a traditional sale which could drag on for several months? One of the many benefits of selling your home for cash is you get to choose the timeline.

If you want to move quickly and receive your payment sooner, an as-is sale can be completed in as few as 5 days. You can sell your home for cash fast and be ready to start that new job on Monday or move on to start making new memories in a new house right away.

5. Selling a House for Cash Means Less Hassle

Let’s face it, selling a home can be stressful. Not only is it work to box up your belongings, but moving can dredge up a lot of emotional baggage as well. Why make it more difficult?

If you’re ready for a clean break with minimal stress, a cash sale is perfect for you. You can sell your home fast for cash without having to work with a Realtor, make costly and time-consuming repairs, or deal with the ups and downs of the real estate market.

Selling your house for cash is a hassle-free way to find your financial freedom and move on to the next chapter in your life. With all the time, energy, and money a cash sale can save you — what will you do next?

Interested in Selling for Cash? Contact Hometown Development

If you’re hoping to sell your home for cash, Hometown Development can help. We purchase properties in any condition, for cash, and we can close in as few as 5 days. Give us a call today at 616-379-3077 or contact us online for more information.

Your Guide to Selling a House in Poor Condition

Selling a home can be difficult as it is, but selling a home in poor condition can seem almost impossible. Luckily, there are a few different options you can take if you have a home in poor condition and you’re looking to sell it — and you don’t necessarily have to make repairs to ensure it sells. 

Can You Sell a House in Poor Condition?

The quick answer is yes, you can sell a home in poor condition. You may not get as much money as if you fixed up the whole home, but the amount you may save on repairs and renovations might just make up the difference. 

What Constitutes “Poor Condition” for a Home?

Without a real estate background, it can be hard to know if the home you want to sell is in “poor condition” or not. Luckily, there are some general guidelines we can go by to determine the condition of your home.

  • Uninhabitable: not suitable for people to live in and has severe issues like electrical and plumbing issues, roof damage, black mold, asbestos, lead, termite damage, and foundation issues. Usually is considered much worse than “poor condition.”
  • Major Repairs Needed: a habitable home with some electrical and plumbing problems, roof damage, wood rot, damaged flooring, and damaged and outdated bathrooms. This could constitute a home in “poor condition.”
  • Could Use Some Updating/Significant Cleaning: a habitable house with a dirty and outdated kitchen, stained flooring, peeling paint, outdated finishes, and/or a weathered exterior. Could also signify “poor condition.”

How to Sell a House in Poor Condition: 3 Options

There are a few different options you can take when selling a house in poor condition. You just have to decide how much work you want to do on the house. Do you want to do lots of repairs to improve the condition? Or do you simply want to sell it as is?

1. Complete Large Repairs and Renovations

Your first option is to make large repairs and overall renovations to the house. If your house has severe problems to the point that it’s unlikely to sell, this may be your best option. This doesn’t mean you need to make all the repairs, but one or two could be a good idea. What those repairs depend on your situation and what will give you the most return on investment (ROI). 

Some of the repairs with the best ROI include:

  • Garage door replacement
  • Manufactured stone veneer
  • Minor kitchen remodel 
  • Siding replacement 
  • Window replacement

2. Do Simple Cosmetic Repairs & Adjust Listing Price for Large Renovations

If your house is in poor condition and needs major and minor repairs, fixing a bunch of minor things can make your home more appealing to potential buyers. You can update fixtures, change out the carpet, put a new coat of paint on the walls, refinish cabinets, or add some flowers to the front yard.

If you choose this route, it’s likely you’ll still have to lower your listing price. That way, you may still interest buyers who know they’ll have to spend more money on larger renovations that weren’t done prior to selling.

3. Do Nothing and Sell As-Is to a Cash Buyer

Not interested in the hassle of repairing and renovating your home at all? You can sell your home for cash as is to a cash buyer. You still must disclose all the issues the house has so the buyer knows exactly what they’re getting into but beyond that, you don’t have to do much else. 

And with a cash buyer, you don’t have to deal with or pay any real estate agents, so you get the full price for your home. 

Selling a House in Poor Condition? Contact Hometown Development.

At Hometown Development, we buy homes in West Michigan for cash from homeowners who need to sell their properties quickly or sell a property in poor condition. No matter the reason, we can buy your home and quickly have you moving on to your next step in life. 
Get your FREE cash offer today.

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