Sell My House Fast in Omaha

May 25, 2017 • Owen

Thinking, “I need to sell my house now”? Many of us have been there before. Here’s how to deal with the situation.

There are many reasons why a homeowner would seek to sell a house fast. Sometimes there are too many major repairs making their current property unlivable. Other times, a homeowner must relocate immediately for an amazing new job opportunity. Even financial hardship can force homeowners to sell before the mortgage company initiates foreclosure. Whatever the reason, it’s essential for homeowners to know a company that’s willing and able to sell their property fast.

How can I sell my house now?

sell my house now

When Amelia Blackwelder was looking for a reliable way to sell her home quickly, she scoured company websites for weeks searching for a perfect fit. She was living in a dilapidated home that needed major updates before being market ready. Aware that home renovations were out-of-budget expenses and needing to sell her property right away, she contacted several realtors and house buyers and even advertised her home on social media herself. After few offers and a thorough research, Amelia stumbled upon Red Ladder Property Solutions, a locally owned and operated business experienced in buying unwanted homes fast. Within a week from the initial contact, Amelia was moving out of her fixer-upper and on to new opportunities.

Why did Amelia choose Red Ladder Property Solutions? After contacting several real estate agents in the area, she knew she’d rather sell on her own than work with a realtor. Choosing to become your own agent isn’t a new concept; nearly 10% of homeowners skipped the realtor and sold their For Sale By Owner (FSBO) property in 2014. This large number is due to the many advantages experienced when selling a FSBO.

Homeowners often know their property better than a real estate agent. When Amelia contacted an agency to assess and market her fixer-upper, she was surprised with their lack of professionalism. One realtor told her it’d cost her thousands of dollars out of pocket to sell with his company. Another agent saw the condition of Amelia’s property and walked away immediately. Although her home needed major repairs, Amelia knew selling wasn’t a lost cause. After contacting Red Ladder Property Solutions, Amelia found a company that saw the potential she did while assessing her home. The company also offered a level of professionalism not seen in the realtors Amelia attempted to hire.

Another advantage of not hiring a realtor to sell is saving time and money. Amelia was able to close within a week without paying hefty realtor commission fees. Red Ladder Property Solutions filled out the tedious paperwork while foregoing a buyer’s fee to make Amelia’s process expedient, simple, and cheap. She ended up spending more time and effort on finding an agent than closing on her home and moving.

Owen offered a simple process to sell my house now.

i want to sell my house now

After running into too many unfriendly real estate companies, Amelia found Red Ladder Property Solutions to be an amenable anomaly. After filling out a simple form online, she was contacted by a service representative immediately. Unlike the realtors she looked into hiring, Red Ladder Property Solutions got back to her within a day. Within a short phone call, Owen set an appointment that worked for both parties, making the initial meeting the least intrusive part of Amelia’s selling process.

When Owen pulled up to Amelia’s rundown two-bedroom abode, she expected criticism. She thought he’d not only be disappointed with her fixer upper, but that he’d actively dismiss it without even stepping inside. To her surprise, Owen was not only cordial but he was also complimentary. After giving him a detailed house tour, complete with the major eyesores that kept Amelia from selling, Owen offered a generous estimate on her property. Finally, she felt like she had found someone who’d respect her home while giving her an honest assessment.

Before the week was over, Red Ladder Property Solutions sent Amelia a cash offer that was too good to pass up. Whereas other potential buyers wouldn’t bite until she lowered her asking price or made expensive repairs, Red Ladder Property Solutions was willing to work with Amelia’s standards and offer a fair price for her old home. She never felt pressured into the price – like other buyers had pushed for- or like Owen had made an obligation cash offer. His team of professionals treated Amelia and her house with the respect she couldn’t find elsewhere.

Red Ladder Property Solutions helped me sell my house now.

I need to sell my house now

It was a relief to find an experienced company to buy Amelia’s home right away. When sitting on a property with an enormous amount of repairs or an underwater mortgage, sometimes the best option for homeowners is to sell. Some homeowners may feel trapped living in an undesirable house. Before spending thousands on those house lifts, contact Red Ladder Property Solutions for an honest estimate. No house is too ugly, undesirable, or unbuyable for Owen experienced team of professionals.

Red Ladder Property Solutions offers a highly organized and skilled staff to help homeowners like Amelia reach their selling goals. Each closing is personally tailored to meet the seller’s needs; each offer is individually based on the property being sold. Owen and his company make it evident that their main mission is more about helping homeowners in need than making a purchase. Their discreet and friendly service gave Amelia the ability to move forward without wasting time and money with real estate agents and making repairs.

There are many reasons for homeowners to use Owen when selling their home. Whether it’s the financial burdens of owning a home or the threat of imminent foreclosure, homeowners need a speedy solution to the selling process. If customer care and honest advice is important to a homeowner, seeking the services of Owen efficient team is the best option for homeowners.

Red Ladder Property Solutions buys houses in the Omaha area with cash fast! Red Ladder Property Solutions provided Amelia the exemplary service she was seeking once she decided to sell her home. The friendly service representatives helped make the selling process simple, hassle free, and fast. If homeowners are seeking a quick closing and a stress free solution, Amelia recommends using the highly respected Red Ladder Property Solutions. If you’re thinking “I need to sell my house NOW!”, don’t worry! We will buy your house as is, no problem! One call can save you time and money when selling your home!

Categories: We Buy Houses

Can You Refinance a House After Divorce?

May 18, 2017 • Owen

As a single parent, affording a mortgage can be incredibly difficult. We’ve discussed what the divorce house buyout means, but we haven’t touched upon being able to refinance house after divorce. In this article we will cover refinance of the house before or after divorce, we will look at what happens if you can’t refinance the house after divorce and the buyout process.

refinance this house after divorce

Do I have to refinance house after divorce?

Most likely, especially if you wish to keep your partner off the loan. If you are the one who keeps the home after the divorce, you will have to take the loan while the other spouse goes through the buyout. Refinancing takes time and it’s often an emotional process. The first question you need to ask yourself is: are you able to do it?

There are a few ways you can get your name off a loan without even having to sell the house or refinance.

One of them is loan assumption…

What is loan assumption?

It means taking over the mortgage and continue to make regular payments as you were doing before without having to sell or refinance house after divorce. There are a couple of cons to loan assumption – as a single parent, it might be extremely hard to get qualified. When dealing with loan assumption you need to make sure you carefully read all necessary paperwork.

Taking a mortgage is another way you will be able to refinance house after divorce.

What happens if you can’t refinance house after divorce?

Apart from your ex staying on the loan, he is allowed to take you to court if you’re not able to refinance house after a divorce.

So to officially become the sole owner of the house, you will need to get a new mortgage.

a mountain house after divorce

So how do you get a mortgage after divorce?

My best tip is to make sure your spouse’s name is off the mortgage. You are no longer in charge of your ex’s financial situation, hence, getting his or her name off the mortgage might actually better your credit.

Your ex will then need to refinance his part of the mortgage while you continue to pay your own. Along with decreasing your debt and increasing payments over a shorter time, this will enable you to apply for a new loan.

While you’re going through a divorce, you should never buy a home – your credit rates will get lower and you will lose money. If your spouse’s lawyers find that out, they will fight for that money.
Getting a new mortgage as a single parent
Not everyone is in a stable financial situation after divorce, especially if you’re a stay-at-home mother.

thinking about refinancing a house after divorce

Finder wrote an absolutely amazing single parent’s no-nonsense guide to affording a home.

Step 1: Compare mortgage brokers
With mortgage brokers, you will be able to find a way to refinance house after divorce as a single parent with their knowledge on all suitable mortgage programs.

Step 2: Find government assistance
There are several income assistance benefits that could help single parents, including Family Tax Benefit A & B, Parenting Payment and the Child Care Benefit.

Step 3: Calculate your current income
My best advice is to consult with a financial advisor if you budgeting isn’t your finest skill. Know how much you earn and how much you can spend on a mortgage.

Step 4: Find a way to make more money.
Working from home, renting out a room in your house (read our articles on becoming a landlord!), and more. There are several different ways you can make more money to afford your mortgage.

Step 5: Choose the right loan
Again, a financial advisor might help you out with this one – getting the right loan that you can actually afford and pay off within time is essential.

Tips on affording mortgage with one income

  • Get a bigger deposit. It’ll help you lower the mortgage fee.
  • Always borrow what you can actually pay back – you never know what might happen to your financial state.
  • Reduce your credit card limit – even if you don’t use your card, your bank might think that you owe money. Reducing it to 50% might help you get a better mortgage deal.

cold feeling dealing with refinancing a house after divorce

Pros and Cons of Home Ownership

Home ownership pros:

  • Confidence in being independent.
  • Example for your children.
  • Payoff from your taxes.
  • Increase value on your home.
  • The ability to pay off your home eventually.

Home ownership cons:

  • Difficulties selling the home fast if relocation is in order (however, you can always go with a cash home buyer).
  • Improvements on your home might be steep financially.
  • Decrease of the value might affect your ability to sell your home later.
  • Sudden relocation necessities due to your spouses relocation if children are involved.

Learn more: Zillow offers a fantastic mortgage calculator – the payment breakdown will help you budget and the full report gives you the chance to see your full financial state, including how much you will spend on interest. Please note that these numbers might differ depending on the mortgage you are able to get.

If you are contemplating dealing with the house during a divorce, consider a divorce house buyout.

Interested in Selling to a Cash Home Buyer in Omaha?

If you’re interested in selling a house to a cash buyer, you’re in for a treat. Red Ladder Property Solutions is a reliable service, operating in Omaha, NE.

How it works?

You give us a call, we give you a cash offer in 24 hours and your house can be sold in just 2 days if necessary. Got any repairs on the house? Doesn’t matter!

Give us a call on 402-578-4003 and sell your house in less than a week!

What is a Divorce House Buyout?

May 11, 2017 • Owen

Divorce house buyout may seem to add more complications in the divorce process. Getting a divorce can bring a lot of stress on yourself, your spouse and your entire family. From splitting your belongings to going into court and everything in between – one of the things you will also need to consider is who will keep the house. Will you sell it? Will you rent it out? There are plenty of options out there – but one of them is divorce house buyout.

In this article, I will present what is a divorce house buyout, how to reach a divorce house buyout agreement and what are the best options you can consider when facing a divorce.

Let’s do this step by step.

What is a buyout?

If you’re completely new to real estate, you might be asking yourself ‘what is a buyout’ in the first place.

In the case of a divorce, the ex-partners will have to decide on splitting their belongings, assets, and even property.

This is where divorce buyout comes in.

Selling a house during divorce might sometimes be a harder emotional investment and often it is just easier to buyout the house from your ex spouse. This means that the person who wishes to keep the home will pay for the mortgage of the house.

As an example, if you bought your home for $1,000,000 and put a mortgage of $600,000, the buyout is equal to $400,000 and is paid by the person who wishes to keep the home. Can’t decide who should make the buyout? Keep on reading!

divorce house buyout america house

Things to consider before divorce house buyout:

  • Can you financially afford it? (you will also have to take care of the real estate taxes)
  • You will need to completely refinance the house to avoid any bank debt.
  • How will you divide expenses?
  • At what date will the buyout occur? Make sure the date is set.
  • Who is buying the house?
  • Speak to a mortgage professional.

How to reach a divorce house buyout agreement

If possible, make sure to communicate everything with your ex-spouse. Divide the assets, weigh out pros and cons and speak to a lawyer or a personal finance assistant who can help you come up with a buyout payment plan.

Is a divorce house buyout common?

Yes! In fact, it often is a part of the divorce settlement. Usually one of the people in the couple ends up buying the property (which includes refinance the old loan and taking out a new loan if applicable) or they give up their second home (which should be worth about the same amount).

Do I need a lawyer?

If you’re on good terms with your spouse, a lawyer will not be necessary. However, if you cannot reach any kind of agreement on your divorce, you need to hire a divorce lawyer to make sure your possessions will be divided equally and in a fair way. Please note that if you are not on good terms with your spouse, getting a divorce lawyer might mean it will take a longer time before a buyout decision is made.

divorce house buyout plan

Do I need to worry about taxes when we do a buyout of the house?

No. Taxes and capital gains are only applied if you and your spouse decide to sell the house or if the buyout occurs and the person who is buying the house later decides to sell the property.

According to DivorceNet, “If you sell your house, you and your spouse can each exclude the first $250,000 of gain from your taxable income.” This, of course, depends on the state you live in, however, taxes do not apply when a divorce house buyout is made.

Anything else I need to know about a buyout?

Real estate agents don’t usually get involved in the buyout process. This means that determining the value will be a lot harder – or, in fact, easier. Sit down with your spouse and put a value on your property. If no agreement is made, do some research on properties currently being sold in your area. If nothing works and you can’t get to an agreement, you will have to hire a real estate appraiser who will determine the value of your home.

What are some refinancing issues when it comes to a buyout?

As mentioned earlier, you will need to refinance the mortgage on the house. You can either take out a loan which will help pay off the old loan or simply refinance the loan by yourself. You also need to ask yourself how will this affect your interest rate and whether or not your credit score allows you to take out a new mortgage.

Sole owner of the house math made simple:

Principal balance + equity = loan amount
Principal balance + ½ of equity = payoff
In other words, the buyout payoff equals the principal balance of your mortgage and half of equity.

What is equity?

Equity simply means the value of the property which excludes the mortgage. Please note that due to the value of the property being different on a daily basis, you will need to recalculate equity often.

Selling your house after divorce

divorce house buyout selling home

Another option is, of course, to sell your house after a divorce. If you’re looking to sell your house fast and without a fuss, check out Red Ladder Property Solutions. We take any kinds of houses (even those that need repairs) and we give an offer within 24 hours. Your house can be sold in a week!

Even if you don’t sell to Red Ladder Property Solutions, feel free to ask us any questions you may have regarding selling your house. We’ve helped hundreds of homeowners sell their Omaha houses. Give us a call now at 402-578-4003.

How to Sell a House Fast in Omaha

May 4, 2017 • Owen

When thinking of selling a house, most people don’t realize they can actually sell a house fast by taking some extra steps and do some real estate research. You can sell quickly and this article will show you exactly how to sell a house fast!

As a cash house buying company, we want to offer you everything you need to know before you make the decision to sell your house. We’re going to show you how to sell a house fast in Omaha!

Tips on how to sell a house fast

1. Fix what is broken

making repairs to sell a house fast

Sounds simple, right? By making sure your house looks completely functional, you are putting a bigger value on it and attracting more and more buyers. No one wants to deal with repairs, we get it. So fix what is broken. Inspect your property, find least appealing features and fix them. Don’t forget to give the front of your house an upgrade as well – sometimes freshly painted facade goes a long way.

This is sometimes a timely project, especially with older properties – if you’re wondering how to sell a house fast without having to deal with repairs, you’re at the right place – we buy houses in any condition. Just fill out the form or give us a call and your house can be sold in less than a week if needed. Interested? Scroll to the end of the article for more information.

2. Find a good real estate agent

Good and experienced agents are important. You want to work with someone who will look past the first buyers who will probably offer a lowball deal. Your agent should do everything he or she can to help you sell your house with the value you have in mind.

How to find a good agent?

sell a house fast with agent

Good agents are hard to come by, but here’s how you can spot the best of the best that will help you sell your house fast.

  • Check their references.

A good real estate agent will have references available in case you have any questions. We’ve all heard of real estate agents asking their clients for a reference check, but the truth is, you can do exactly the same.

  • Check their credentials and past clients.

Sure, people say they’re a real estate agent, but do they have a license? If the answer is no, run. Is their database of past clients good enough for you to trust them? Yes? Good. You should always be able to call or email past clients – a good agent will be open about their business and will be able to give you all necessary information without hesitation. If not, take caution.

  • Ask them questions

Treat it like a job interview process – as them about a property for sale in the area. A good agent always stays on top of ‘for sale’ signs and knows the ins and outs of their neighborhood. Ask them about their plans – how they’re going to market your property, where are they going to market it and what is their strategy that will help you reach your goal – to sell a house fast.

3. Go with a cash house buyer

Now, here’s how to sell a house fast…lightning fast!

Cash house buying services are becoming largely popular due to plenty of benefits for the seller. Just Google ‘how to sell a house fast’ – we can guarantee cash house buyers will show up. It’s the best way to sell a house fast, and a popular service in Omaha.

Benefits of selling your house to a cash house buyer:

how to sell a house fast using a cash home buyer

  • We take houses that need repairs

Which means you can completely scratch the first point in this article. No matter how many repairs your house might face, we’ll be happy to take it from your hands and give you cash in return.

  • Close within a week!

We pride ourselves in our fast house selling service – your house can be sold in a week. Need to get rid of it faster? No problem – just give us a call and we can arrange everything in just two days if necessary.

  • Fair cash offer.

We always try to match the offer to your demands – you’ll receive a fair cash offer that can compete with the real estate prices, if not even better. How do we do that? See the next point.

  • No fees.

Imagine not having to worry about hiring an agent or going through fees in order to sell your house. Just hiring an agent will take away a huge amount of your profit – cash house buyers have no fees at all which is what makes them most attractive to those who are looking for a better house value.

  • You can avoid foreclosure!

Ever wondered how you can avoid foreclosure? By selling your house to a cash house buyer. If you have any questions about foreclosure, we have prepared several articles for you with all necessary answers. You can always give us a call to discuss things further.

  • Avoid inspections, appraisals, surveys

All those things can delay your house selling process. You might want to sell your house in March, but the traditional way might take longer as you will have to deal with inspections, appraisals, surveys and other unnecessary paperwork.

sell a house fast to local cash buyers

Sell a house fast!

Made your decision?

Red Ladder Property Solutions gives you a cash offer within one day and you can close it whenever you want. Your house can be sold in a week!

If you need to sell your Omaha area house fast and would like to get a no-obligation cash offer, call us now at 402-578-4003. Whether you decide to sell your house to us or not, we would like to help answer questions you might have about the process.

Selling a house is a confusing process for many – but we are here to make sure you have all necessary information before you make a sound decision.