Selling a House For Sale by Owner

Process of Selling My House to Cash Buyers

October 26, 2017 • Owen

When it comes to selling a property, homeowners have many options. From the traditional hiring of a realtor and sitting months on market to listing a for sale by owner and selling your own house, homeowners make the best personal decision with the most knowledge they have. Unfortunately, many homeowners have little to no experience working with we buy houses companies. The benefits of cash buyers are numerous, so when I want to move on quickly I’m selling my house to cash buyers.

The Benefits of Cash Buyers

My first property was a traditional starter home and required nominal financing to afford. Once I procured a higher paying job out of state, I knew I needed to sell my house quickly in order to relocate. After researching local real estate agents that came highly recommended, I realized the average realtor couldn’t promise a sale real estate closing within a specific timeframe; waiting months of a potential buyer to purchase my home wasn’t an appealing outcome. I began considering other options because utilizing the services of a realtor wasn’t a good solution for my hard time constraints.

After hours of extensive research, I realized the most convenient and quickest method for me to move was selling to cash buyers. Initially, when I made my first cash home buying inquiries, I expected selling to a ‘we buy houses’ company to come with some negatives.

Why hadn’t I heard about their buying proficiency and fair cash offers before now? And why weren’t all my friends and family using their unbelievable services? I asked trusted family members why, and they admitted to not knowing any local cash buyers, not recognizing the advantages, and not understanding the general cash buyer selling process. I felt it necessary to explain why I was selling my house to cash buyers.

the first steps of selling my house to cash buyers

Reputable cash buyers offer numerous far-reaching benefits that make selling a home a simple process. The advantage I was most drawn to was their ability to guarantee a closing within a week of our first meeting. That was simply unheard of when I originally researched the differing selling options homeowners had before I even listed my property. With cash buyers, I wouldn’t have to wait for a lengthy financing period because they had cash on-hand to purchase my property. If they viewed my property and wanted to purchase it, they could immediately. This was great for me to relocate.

Another unique benefit to selling my house to cash buyers was their desire to purchase my home in whatever current condition. For people like my parents, who had been unable to maintain basic upkeep and failed to update their home with the newest appliances, selling a distressed home could be difficult. Very few buyers want to acquire a home that needs major home repairs and lacks that move-in ready appeal. Thankfully, selling my house for cash meant selling without making any costly remodels or renovations.

An Atypical Selling Process

The standard selling process most homeowners encounter is fairly straightforward. A homeowner needs to sell, chooses a local real estate agent to represent them, and entrusts the agent to assess the home, provide a fair market value, and make professional advertising materials to entice prospective buyers.

Once a buyer is interested, the realtor and buyer’s realtor negotiate on behalf of both parties, and – best case scenario – agree and sign a purchase agreement. Now, even though the purchase agreement is reviewed and signed by both parties, the seller won’t receive funds until after the buyer procures home financing, which requires a mortgage lender or bank to approve. From the homeowner’s initial decision to sell to the buyer’s mortgage approval takes a few months. What’s worse is the buyer’s ability to weasel out of a purchase agreement without penalty due to clauses and contingencies, leaving the seller stranded and starting the selling process all over.

what I did when selling my house to cash buyers

I chose to sell my house to cash buyers because the process was more secure than the standard, and I knew I wouldn’t be let down. When selling to cash buyers, homeowners are able to skip many of the typical selling steps in order to close much faster. This atypical selling house for cash process begins with a homeowner deciding to sale. Instead of contacting a real estate agent though, they call their preferred cash buyer.

The cash buyer assumes the role of the realtor and assesses the property – sometimes with walkthroughs, sometimes using comparable homes – to determine a fair market value cash offer. After, they present the cash offer to the homeowners, the sellers can choose to close at their earliest convenience. No waiting for a financial approval!

Selling my house to cash buyers meant I was in control. I determined the closing date, kept the traditional realtor’s commission, and approved a cash offer I felt to be fair. I didn’t need to research local real estate agents or wait for potential buyers to judge my property’s worth; the cash buyers saw my home’s potential even with the varied flaws that turn off other buyers. My cash buyer was a friendly professional and assisted me throughout the selling process without payment. They talked me through any questions I had and showered me with references from other sellers. Selling to cash buyers allowed me the security to start my new job without worrying about selling my starter home.

Selling My House to Cash Buyers

why I went with selling my house to cash buyers

Though homeowners have many options when first deciding to sell their property, choosing a reputable cash home buyer should be a priority if needing to sell fast. Real estate agents work with multiple homeowners simultaneously and often cannot afford the time and dedication needed to sell a property most proficiently; cash buyers, on the other hand, are less burdened by multiple sellers because they guarantee speedy home sales.

When my family and friends ask me for referrals when they want to sell their homes, I advocate for cash buyers every time. Undoubtedly, cash buyers are real estate experts that are trained to determine a home’s value. Cash buyers also offer a simplified selling process. Forget waiting months to move on from your home; selling to cash buyers means being able to find your next home with ease.

Want to Benefit from Selling Your House for Cash?

choose selling my house to cash buyers

If you’re stuck thinking “why am I not selling my house to cash buyers” then you don’t have the time watching your house sit on the market. You don’t have that time, and we understand that. At Red Ladder Property Solutions, we specialize in quick home sales for cash. That’s the benefit of selling a house for cash and working with us!

No matter what condition your house is in, we’re here to help you out. We’ll get your house closed, and write you a check on the spot! Call us today to get a no obligations quote for your house, or just to get your questions answered. We’re always happy and ready to talk! Contact us at 402-578-4003.

7 Tips for Selling Your House for Cash to a House Buying Company

October 19, 2017 • Owen

Selling your house for cash can be an arduous affair if you’re not experienced with the ever-fluctuating real estate industry. From determining a home’s asking price to becoming familiar with the legal documents involved, selling a home typically requires specialized knowledge.

Thankfully, the popularity and prominence of selling alternatives have crept up in the past couple decades, giving sellers multiple methods to move on. Instead of the typical hire-a-realtor dance, more homeowners than ever are considering the benefits of cash offers and selling a house to cash buyers. These seven tips and tricks for selling your house for cash to a house buying company will provide the simplest home selling solution on the market today.

1. Research House Buying Companies

so research before selling your house for cash

If you’re selling your house for cash, you must first research house buying companies and determine which one is best for your home sale. There are many, varied house buying companies out there: those who buy sight-unseen, those who work predominantly online and outsource to investors, and those who search for local homes and must participate in walkthroughs before submitting a fair cash offer on a house. When conducting your own personal research, make note of the individual services provided to make the best-informed decision.

2. Choose Local

Like most products, local cash buyers are in higher demand than the distant, online competition. And there’s a reason for this. Local cash buyers know the area; they have first hand experience with the neighborhoods, regional home legislation, and can determine the price of a home without as much research. Local cash buyers are also more apt to possess similar personal values and visit the same local establishments. The commonalities between a local cash buyer and a homeowner can be vital when meeting, assessing, and selling the property.

3. Check References

Before deciding to work with a specific house buying company, it’s imperative to evaluate the cash buyer’s reputation. Homeowners can evaluate a company’s service by browsing their references from other sellers that have used their services. These can be typically found online through either the company’s website or via business rating services like Angie’s List or the company’s Facebook business page. Though some can be forged, honest references will offer real life author names and provide very specific details into a business and their dealings. If you ask for references and aren’t provided any, move on to another local cash buyer.

4. Be Honest About Your Home’s Condition

list your houses condition when selling your house for cash

One of the best benefits of selling your house for cash is that house buying companies generally do NOT care what condition a home is in. Have comprehensive water stains? No problem. Need extensive updates or major renovations? They’ll still buy it. House buying companies aren’t turned off to the average home degradation most other prospective buyers avoid. Whereas standard buyers want move-in ready properties with immense curb appeal, cash buyers want dilapidated homes with visible age. The more broken, the better. There’s no need to lie about your home’s flaws; cash buyers see the potential of a property. Before having a local cash buyer inspect your house, there’s no harm in being upfront about the possible damage and problem areas.

5. Don’t Be Afraid To Be Yourself

Unlike dressing up in your Sunday’s best for an Open House or hiring professional cleaners to spruce up your home, don’t be afraid to act like your natural self when contacting and meeting a representative of a house buying company. Cash buyers are professionals; they’re not interested in a home or homeowner’s first impression. They’re interested in the character of the property and the willingness to sell from a homeowner. Experienced house buying companies communicate with motivated sellers with distressed properties on a consistent basis; they know how to approach a sale with finesse, empathy, and understanding. Cash buyers won’t judge, so don’t be afraid to show off the real you.

6. If You Don’t Know, Ask

ask questions before selling your house for cash

The home selling process can be a lengthy and complicated mess for inexperienced sellers. Completing legal forms can be tedious and determining a home’s accurate value can be challenging. When you a homeowner hires a real estate agent, they expect a certain level expertise to assist with whatever questions they may have; unfortunately, not all realtors have the time, knowledge, or resources to accurately answer a seller’s questions.

When selling your house for cash, you’re given access to professionals that put you and your property first. If you have a question about the home selling process, just ask. If you want to know why a cash buyer offered a certain amount, they’re willing and able to inform you. Cash buyers have extensive knowledge with the real estate industry, current housing market, and price fluctuations; there are few more knowledgeable professionals capable of answering a homeowner’s inquiries.

7. Take the Initiative, Make the Call

The first step in the process of selling to cash buyers is simple: make the initial call. While some cash buyers will contact a homeowner after initially listing their property, many miss the opportunity to make the first call. If you’re considering selling your house for cash and haven’t received at least one email or call from a house buying company, it’s time to take the first serious step. When a cash buyer receives a call from a legitimate local seller, they are determined to submit a fair market cash offer and finalize a home sale. If you sound serious about selling your home, they’re serious about buying it.

Selling Your House for Cash

It’s no secret that homeowners have numerous options when needing to sell their home. They can hire a real estate agent or list as a for sale by owner. A better option for sellers are local cash buyers though; they’re interested in buying properties in any condition and closing at the earliest convenience for the seller. Local cash buyers are familiar with your area and know your home’s worth, usually without even seeing it. If you’re interested in using a house buying company, remember to be yourself; cash buyers love to work with honest sellers and have a fondness for flawed homes.

Sell Your House Now!

considering selling your house for cash

Realistically, listing with a real estate agent takes anywhere from 4 – 10 months depending on your market. In Omaha, it could take a minimum of 6 months. You don’t have that time, and we understand that. At Red Ladder Property Solutions, we specialize in quick home sales for cash.

We’ll get your house closed quickly with minimal stress! Call us today to get a no obligations quote for your house, or just to get your questions answered. We’re always happy and ready to talk! Contact us at 402-578-4003.

What are the Benefits of Selling a House for Cash?

October 12, 2017 • Owen

Selling your house shouldn’t be stressful. There are options. There are benefits of selling a house for cash that most homeowners don’t consider.

Owning a home allows one to build part of their financial security. As the ownership of this asset continues it builds equity. Once you decide to sell your home then this equity becomes available to you for whatever way you want to use it. The decision to sell your home brings with it several options. You can list through an agent or you can list it yourself. Then is one other option and that is selling your house for cash.

Benefits of Selling a House for Cash

what are the benefits of selling a house for cash

If you have ever sold a home in the past you have the basic knowledge of the process. Most likely you went through this while using a realtor. While there are some advantages to this method there are also some negative aspects to it. Selling a house for cash means you don’t have to deal with the downside of selling a home in a conventional manner.

Fewer Selling Expenses

When selling a home there are certain costs that you have to incur. Many people don’t give this much thought as they just seem to be acceptable when selling a home. They do add up and saving on these is just one of the benefits of selling a house for cash.

Advertising Fees

Many home sellers now are venturing into selling their home themselves. They are not using the services of realtors. This means they have the cost of advertising their home. This takes knowledge and money to run effective ads, even if it’s just in the local papers.

No Realtor Fees Is One of the Advantages of Selling a House For Cash

no fees is a benefit of selling a house for cash

If one goes with the standard method of selling their home this means they will list it with a Real Estate Agency. Upon a successful sale, 6% of the sale is the average amount that will go to the realtor. Not having to pay this is another one of the advantages of selling a house for cash.

Reduced Legal Fees

There will still be some legal fees when selling your house for cash. These may be reduced. Often with a standard sale, there may be the legal fees to draft the mortgage. This is when you as the owner are taking back a mortgage for the new buyer which is quite common. With a cash sale, this doesn’t occur so you may be saving money here.

Your Other Expenses

Many times individuals who sell their home have some debt that they want to clear with the funds from the sale. If you place your house on the market, there is no telling when it will sell. It could take weeks or months. During this time you are most likely paying some hefty interest on your debts. The sooner you can get cash in hand the sooner you may be able to clear these and save on the interest expense. In addition to that, you won’t have to spend more money making repairs to your house. Cash buyers will buy your house as-is.

Speed of Sale

fast closing is a benefit of selling a house for cash

Selling a house for cash fast is another one of the benefits of selling a house for cash. You don’t have the uncertainty of knowing when your house is going to sell. Taking advantage of the benefits of cash offers on a house allows you to close your sale much quicker.

There are some individuals that are selling because of specific circumstances. For these individuals, the benefits of selling a house for cash are highly important to them. For some, they may be re-locating, because of their job situation. This often has time constraints to it, and having the house on the market using traditional sale methods can be a big inconvenience.

For others, they are in a tough financial situation and this really creates the need for a fast cash closing. Again, another one of the benefits of selling a house for cash. Most buyers that are purchasing a house with cash favor a quick closing. This works out well for the individual who is need of money as quickly as possible.

Convenience is Another One of the Benefits of Selling a House for Cash

Real inconveniences can arise when selling with traditional methods and using a realtor. It is difficult to keep the home spotless and showing well every single day. The realtor will constantly be bringing prospective buyers through the home. This can interfere with the family lifestyle. Then there may be the inconveniences of open houses where the family has to leave the home for several hours. On top of this will be the negotiating of potential offers. These often go back and forth and can be stressful and time-consuming.

Fewer Hassles

Fewer complications is another one of the great benefits of selling a house for cash. Even when an offer is signed in a traditional sale there can be some tense moments. Waiting to see if the sign back offer is accepted may do is one of them. Another is when you have accepted conditional offers. This may be dependent on the buyer getting financing, or their selling of their home.  When you opt for selling a house for cash fast, you don’t have any of these issues to deal with.

Fast Cash Closing Buyers

There are already potential buyers waiting and ready to conduct a fast cash closing. This is another one of the benefits of selling a house for cash. You don’t have to wait for this type of buyer to come along. Many home buyers are always looking for homeowners who are looking at selling a house for cash fast. These are reputable individuals. They know what the fair market value of your home is and are willing to make a reasonable offer. You may think it is a little low, but before keep in mind all of the benefits of selling a house for cash.

Don’t forget you will be enjoying some additional savings with a fast cash closing. You will have your money from the sale much quicker so you can look after your other financial needs. You won’t be going through the stress and hassles that come with selling a house in the traditional way.

You are making a wise choice when you decide to capitalize on the benefits of cash offers on a house.

Want to Benefit from Selling Your House for Cash?

get the benefits of selling a house for cash

Don’t waste your time watching your house sit on the market. You don’t have that time, and we understand that. At Red Ladder Property Solutions, we specialize in quick home sales for cash. That’s the benefit of selling a house for cash and working with us!

No matter what condition your house is in, we’re here to help you out. We’ll get your house closed, and write you a check on the spot! Call us today to get a no obligations quote for your house, or just to get your questions answered. We’re always happy and ready to talk! Contact us at 402-578-4003.

Listing with a Realtor vs Selling for Cash

September 21, 2017 • Owen

Selling your house can be a difficult process because there are so many options. Should you go with listing with a real estate agent, selling to a cash buyer, or selling it on your own?

One of the many advantages of owning real estate is having plenty of options. There are options for buying as well as selling it. As a homeowner that is interested in selling your home, you need to know what your specific options are.

listing with a real estate agent

Selling Your House Yourself

For sale by owner is often the type of sign you see today on homes for sale. This is certainly something homeowners can do. Many don’t understand how difficult this can be. Putting up with the hurdles that come with not listing with a real estate agent can save money.

The Pros of How To Sell Your House By Owner

The Time Factor

If you are not in a hurry to sell your home then listing it for sale by owner can be a distinct advantage. You can set your asking price and hold firm to this. The schedule for showing the home will be dictated by you. This can be done during the times that are most convenient for you.

Change of Mind

If you decide that you don’t want to sell your home you can simply stop your efforts to do so. You have the option of when you want to sell and you can change your mind as often as you like.

Potential Savings

The biggest reason that most people prefer not to use the option of listing with a real estate agent is because they can save money on the realtor fees. This is usually a 6% fee, which can be a big saving on the home sale.

The Cons of Selling Your Home Yourself

cons of selling yourself and listing with a real estate agent

 

Time Commitment

Not using a listing with a real estate agent means being prepared to devote plenty of time to the home sale.

You need to be available to take calls from interested buyers who will want to set up an appointment for a showing. You will then have to be available to show the home. Closing without a realtor means knowing the legalities that are involved.

You will need to be involved in some form of advertising. This takes time in writing up the ad copy. Then there will be some research involved as to where to advertise.

Learning Curve That Comes With How To Sell Your House By Owner

When you go the route of listing with a real estate agent you are relying on their expertise. There is a lot that goes into selling a home. You are going to have to learn at least the basics of this to be successful. These professionals know how to sell a home by emphasizing its strong points. With you having a personal attachment to the home you may focus on this. Potential buyers may not find what you consider to be strong points applicable to them.

Safety Factors

It is important to consider the safety factors when allowing strangers into your home. Most often those who want to look at the home come in pairs or groups. This may make you feel uncomfortable as you don’t really know what their true intentions may be. Closing without a realtor can leave you open to making some serious mistakes.

Selling Your House for Cash

Another option besides listing with a real estate agent is to simply sell your home for cash. This is a good solution for a quick sale with a flexible asking price.

The Pros of Selling Your House for Cash

stop listing with a real estate agent and sell for cash

Convenient

You don’t have to go through the inconvenience of having to show your home to potential buyers. Most often when a home is up for sale it means multiple showings before it sells. There may also be a need for several open houses which can be a nuisance.

Quick Cash

Some individuals are in poor financial shape. If you need quick cash then selling your house for cash may help with this

Fast

Selling your house for cash is the fastest method for home selling. It takes very little time for the sales contract to be drafted.  Usually, a very quick closing date can be arranged.

The Cons of Selling Your House For cash

Less Money

A cash sale usually doesn’t give you much room to negotiate the selling price. The buyer has a set amount they are willing to spend. You need to decide whether the cash price is something you feel is fair and that you are willing to accept.

Limited Time

Normally with a cash sale, the closing is much quicker. You need to decide whether it will allow you enough time to make the move and find new lodgings.

Listing with a Real Estate Agent

There are a lot of good reasons why most home sellers want to follow through with a listing with a real estate agent.

The Pros of Listing with a Real Estate Agent

sell for cash don't go for listing with a real estate agent

Their Expertise

Real estate agents are professionals. They have all the knowledge necessary to sell real estate. They have the expertise to analyze the market in the areas in which they work.

Their Contacts

Agents have many different resources to draw from when it comes to potential buyers. They usually have access to large databases. These connect to other realty agencies that list potential clients.

Advertising Resources

A real estate agent has the expertise to be able to advertise the home in the right venues. They know how to write the copy and how to promote the sale.

Time

Realtors dedicate their time to showing the home and have the knowledge of how to close the sale. They have the negotiating skills when it comes to the financial aspects of the sale.

Legalities

There is a lot of paperwork and legalities to tend to for a home sale. Real estate agents are trained in this area. They can avoid some of the costly mistakes that can be made during a home sale.

The Cons of Listing With a Real Estate Agent

The Fees

The 6% realtor fee is the biggest disadvantage. You will have to pay this once the sale is closed.

A Commitment

You are making a commitment with your chosen realtor. They will be the only one allowed to sell your home during the duration of the contract.

Being Realistic

You have the ultimate say in what your house should be listed for. Your realtor will encourage you to be realistic in the listing price. This will be based on his analysis of sales in your area.

sell your house without listing with a real estate agent

Sell Your House Now!

Realistically, listing with a real estate agent takes anywhere from 4 – 10 months depending on your market. In Omaha, it could take a minimum of 6 months. You don’t have that time, and we understand that. At Red Ladder Property Solutions, we specialize in quick home sales for cash.

We’ll get your house closed, and write you a check on the spot! Call us today to get a no obligations quote for your house, or just to get your questions answered. We’re always happy and ready to talk! Contact us at 402-578-4003.

How Can We Buy Houses Help You?

July 27, 2017 • Owen

If you need to sell your house in the Omaha area, but you don’t have the time to wait for an agent to list it or to sell it by owner, give us a call! We buy houses all over the Omaha area. We pay cash for houses as-is and we close within a matter of days. In some cases we have closed sales in as little as three days.

This post will cover some of the different house buying situations that we specialize in. While we mainly deal with these types of situations, we buy houses under many other circumstances as well. You can visit our main page to learn more about our process and how to get it started.

Do you have too many repairs to make?

we buy houses help you with repairs
Whether repairs are voluntary or involuntary, their costs add up in a hurry. We’ve heard many stories about small home repairs turning into remodels because of wood rot and outdated plumbing. If you live in an area near lots of water, you may find yourself making more repairs than you’d like. Flooding and storms constantly keep you busy with your house. Arid places like Omaha also have their drawbacks. Normally there is a lot of leveling and roof work to be done. We buy houses all of the time that require repairs. We actually prefer them!

Have you inherited a house?

We buy houses that have been inherited, no matter what the circumstances. Whether you inherited a house though probate court or other less common ways, we’re interested in buying it. Inherited houses come with taxes, repairs and a houseful of extra stress. Why not get cash for your extra house and lose the headache?

Are you currently going through divorce?

we buy houses help you with divorce
Divorce is a tough thing for anybody to go through. More often than not, couples who just want to move on with their lives end up having to share a portion of it due to home ownership. Since we pay cash and close fast on houses, we offer the perfect service for getting rid of your home and moving on. The day that we close you will have money in your hands to help you get started with the next chapter of your life.

We buy houses before foreclosure.

Foreclosure is another one of those tough situations that some home owners have to go through. Once again, the services that we offer are the perfect way to help. We can make you a fair offer on your home that could possible cover the amount that you owe for foreclosure and give you the chance to start over in a new home. If you are currently in pre-foreclosure, let us buy your house before it hits foreclosure!

Is land lording too much to handle?

we buy houses help you with landlording
We buy houses from landlords all of the time. Being a landlord is tough business. There are vacant properties to worry about, questionable tenants to deal with, and the month to month cost of insurance and taxes on your properties. If you feel that land lording is something you want to do less of, or stop doing all together, give us a call. Whether they are occupied or not, we’d like to make you an offer on it.

Do you need to re-locate?

Many people have jobs that require them to change locations every few years. This can make selling your house more stressful than normal circumstances. When there are deadlines than need to be met it adds a whole other level of frustration to the process. Our ability to close fast makes selling convenient for you. You’ll be able to use all of the extra time saved by selling to us to move at a comfortable pace.

What does it all mean!?

we buy houses help you with financial freedom
We offer the most convenient and stress free way to sell your house fast and at a fair price. We buy houses all of the time from people listed in the above situations and some that are so unique that they don’t fall into any one category. We are house buying professionals who offer professional assistance. If you are serious about selling your house fast and need our help, we are more than willing to provide it!

We Buy Houses With Tenants in Omaha

July 13, 2017 • Owen

Are you sick of your nightmare tenants? No body blames you. That’s why we buy houses with tenants in them – to help you out of being a landlord.

Landlording is a rough business. Between keeping up with property maintenance and collecting monthly rent, a lot of time and resources are used to ensure a smooth renting process.

we buy houses with tenants regardless of condition
But paying costly property management firms or dealing with long term nightmare tenants takes its toll on even the most veteran landlords. If the stress forces you to exit the landlord business or you juggle too many investment properties already, you may want to sell. Instead of waiting months (or years) for the tenant’s lease to expire, consider selling to a professional investor willing to take on even the most strenuous tenants. Don’t worry; we buy houses with tenants.

“Can I sell my rental property with tenants in it?”

As the property owner, you may believe it’s simple to sell a home without tenant interference. But sometimes selling a rental property with tenants on a lease can be a complicated mess. Although you own the property, the tenants have rights too.

There are certain state restrictions that create unnecessary roadblocks for the homeowner. If a landlord wants to sell before the lease is up, they can find themselves facing severe legal penalties with enormous monetary consequences.

Selling a tenant-occupied property is different than selling a family home or inherited property. As long as the tenant continues to pay rent, they have a right to live on the premises. While some tenants are worthwhile and make timely payments, others can be problematic, forcing a landlord to sell the property outright. When a landlord decides to sell, dream tenants can become nightmares for fear of displacement. It’s crucial to know your options as a landlord and where a renter’s rights end.

Tenants Still On Lease

we buy houses with tenants still living there

When selling a rental property with tenants on lease, it’s important to know the state laws. Some states require a landlord to give a 30 or 60 day’s notice, while others have laxer guidelines on the notice for a tenant to vacate. To uphold the laws of Nebraska, landlords must send their tenant a letter that clearly states when their tenancy ends. This is especially important in cases of an unamicable landlord-tenant relationship.

Selling the property while the tenant is on a fixed-term lease requires a bit more finesse. Unless the lease contains a special early termination clause, tenants in good standing are allowed to live on the property until the lease ends, even if you want to sell the home. For tenants that have violated any lease terms or missed any monthly rent payments, landlords have the option to terminate the lease altogether, but risk lawsuits from disgruntled former tenants.

If a landlord wants to sell before lease is up, trying to list the property becomes another issue. Unless the lease agreement firmly states it, the homeowner may not be allowed to show the property to potential buyers. This is detrimental to finalizing a sale with most buyers and can hinder the price when negotiating with others. You can start showing the home if the tenant allows and is given proper notice (typically 24 hours). Otherwise, you’ll have to wait for the lease to end. When dealing with problem tenants, this scenario can be unsettling.

Selling to the Tenants

we buy houses with tenants or sell to tenants

“Can I sell my rental property with tenants in it to the tenants themselves?”

The answer is yes, but only if the tenant wants to buy the home outright. While this would be a great solution to rid yourself of the property, selling to the tenant requires maximum effort. Not only is the landlord tasked with drawing up the paperwork and presenting it to the tenant, they also often assist the tenant in finding adequate funds to purchase the home.

Some tenants cannot afford the property and must consider obtaining a mortgage or other financing options. Securing a proper loan can take months and landlords looking to sell quickly won’t be willing to wait for the possible loan rejection. Selling directly to the tenants requires homeowners to become both landlord and seller, a confusing combination for first-time investment sellers.

Some tenants may want to purchase the property and have the necessary funds. Instead of making the deal a simpler process, they decide to capitalize on the landlord’s desperation to sell. They may want unnecessary or extreme incentives, like a lower rent payment until the sale is finalized or all closing costs. For a landlord that wants to sell before lease is up, this is an unfortunate probability when dealing with tenants.

That’s why you’ll probably be finding yourself looking for other buyers. You could put the house on the market, or sell it to cash buyers like it. That’s why we buy houses with tenants in them – we know how difficult it is for you to find a ready and willing buyer.

Problem Tenants

we buy houses with tenants even if they're problems

Problem tenants can easily hinder a sale for many landlords. They may pay their rent on time, but they completely disrespect your property. They leave the home a mess, refuse to let you show the home, and can even change the locks on you. If you’re seriously considering selling your tenant-occupied property, knowing how to manage these major annoyances is vital.

While some tenants are terrific, others make you regret ever becoming a landlord. If your tenant is unwilling to let you show the property, you may enter anyways if you’re allowed access on the lease. But this can lead to unwanted hostilities, and angry tenants are more likely to drive away potential buyers.

If a tenant changes the locks, landlords risk angering the tenant further by calling the police and forcing property access. Another possible solution includes hiring a locksmith to change the locks at the tenant’s expense. Though none of these are ideal situations, when deciding to sell a property with tenants still on lease, these are likely scenarios that must be dealt with before selling.

There is another solution to dealing with problem tenants when selling the property. Landlords can pay their renters to vacate. Generally, landlords wishing to go this route must offer to pay the rest of the tenant’s rent plus other costly concessions to convince a renter to break lease.

Sometimes this means paying moving costs, giving up the deposit, and throwing in extra cash for the security deposit on a new place. While this option allows the homeowner to list their property without unruly tenants to hinder the sale, it forces them to spend money and time convincing their renters to leave. It’s not the best selling solution.

That’s why selling to cash buyers is a better solution. The reason why we buy houses with tenants is to provide a better alternative for landlords like yourself.

Why We Buy Houses with Tenants

we buy houses with tenants

The best selling solution for landlords with tenant-occupied property is selling to an experienced investor. Investors happily seek out properties with tenants and expedite closings with fair market cash offers. That’s why we buy houses with tenants!

You don’t have to worry about showing your home without making repairs or problem tenants driving away the investor; they honor the tenant’s current lease and care for the home to resell later. If you want to sell your house immediately, but your property is occupied by a long term lease, contacting a local house buying investor is your best option.

Don’t stress over selling a rental property; we buy houses with tenants no matter what condition it’s in! We’re always ready to answer any questions you have. Just give us a call at 402-578-4003!

Sell a Damaged Rental House to Cash Buyers

June 22, 2017 • Owen

Have tenants ruined your house? Fed up with being a landlord, but don’t know how to sell a damaged rental house? We know how frustrating and stressful that can be.

Owning a rental property is a great way to make extra money. For properties in ideal locations and in excellent condition, investors can earn enough for home upkeep and management with a little extra leftover to pocket afterwards.

But with any potential for profit, there’s potential for a financial pitfall. Many landlords and rental property managers share a single horrifying thought: extensive damage to their property that keeps them from renting it to future tenants. Whether it’s due to external factors such as severe storms or caused by problematic tenants with a lack of respect for the property, unrepairable damage is a probability most landlords face. These issues can be time consuming and costly to fix and leave a landlord wanting to know how to sell a damaged rental.

Identifying the Damage

sell a damaged rental houses to cash buyers

There’s no good time to discover property damage as a landlord. Some homeowners will notice their property needing major repairs only after a move-out inspection when the previous tenant’s lease is up. Other landlords discover unrepairable damage while in-between tenants.

Finding structural or cosmetic flaws due to a tenant’s mistreatment can cause serious anxiety no matter when you stumble upon it. If the signed lease agreement allows it, landlords can withhold security deposits to pay for the fixes. Often times, this paltry amount is too small to repair the worst property issues. If the tenant in fault has already moved before the landlord discovers the damage, there may be little recourse for landlords seeking reparations.

On the other hand, landlords may find their property needing serious repairs after facing external circumstances. Natural disasters, burglars, unwanted pests, and deterioration from a property’s vacancy can all factor into the home’s need for expensive repairs. Unless the homeowner has insurance covering these potential threats, they’re unlikely to receive payment for the fixing up of the property.

It will require paying for the repairs out of pocket. For landlords trying to maximize profit or unable to afford the repair, this can mean selling the damaged rental just to stay financially afloat.

Severe damage to a home can greatly devalue the homeowner’s investment and push them to sell. The property value after damage is dependent on the extent of what needs to be repaired. While minor water damage or cosmetic blights can be fixed with relative ease, structural flaws can greatly decrease the home’s value.

To know if the property damage is too great to still earn a profit in the future, landlords must calculate costs to repair and subtract that from what they gain from monthly rent. Some landlords have enough money in savings to spend on emergency cases, while others make barely enough rental profit to pay their own monthly mortgage. For the latter, discovering damage early on and figuring out the property value after damage is essential in making the decision to sell.

Handling the Damages

sell a damaged rental houses without needing to make repairs

After being forced to face extensive damages, many property owners don’t know all their options. Insurance companies could deny claims and tenants can leave landlords fitting the bill. Sometimes a property owner must handle expensive repairs themselves.

When this occurs, the homeowner’s first option is to pay the bills out of pocket. This is where having an emergency savings fund comes in handy. Landlords will most likely need a significant sum to pay contractors, repairmen, and appraisers to reassess the property value after damage. It won’t be cheap, but it’s not impossible for those that have planned beforehand for sudden home repairs. However, if a homeowner financially depends on the rental for income and is not generating any due to the property damage, they might be forced to sell a damaged rental to avoid debt.

Those who choose to handle the repairs themselves must be wary. While doing home repairs yourself can save money, it also comes with detrimental risks. Making major repairs requires expertise of local building codes and possible HOA guidelines. If a fix doesn’t meet the former, it can cause the rental to be shut down completely. Landlords wishing to do their own repairs should also consider the risk to their personal health. For home repair novices, a personal injury is likely and can cause even more financial woes.

Sell a Damaged Rental House for Cash

sell a damaged rental houses to get rid of stress

The best option for landlords facing costly home repairs is to simply sell a damage rental and move on. Though losing a source of monthly income can seem fiscally irresponsible, it’s in the homeowner’s best interest to sell when the burden of owning outweighs the potential profitability. While many prospective buyers are looking for homes in pristine condition that are move-in ready, others are attracted to fixer uppers for their potential. For property owners unwilling or unable to pay for repairing an excessively damaged home, this option requires no money and very little effort.

Typically, trying to sell a damaged rental house is a market no-no. Houses with damages are less likely to sell, and if they do you won’t be getting your money’s worth.. They are more likely to draw the attention of less serious buyers willing to submit lowball offers to procure the property cheap.

However, if you need to sell a damaged rental house with water damage or needing any other major repairs will also appeal to other investors and we buy houses companies. These professional home buyers are more interested in the home’s potential renovation than the risk involved in restoring it. They will offer fair cash offers for homes in any condition.

Selling to a we buy houses company comes with other benefits to landlords desperate to sell a damaged rental. Conducting an as-is sale allows the landlord to be rid of the property before letting it sit vacant for months while repairs are made.

Homeowners won’t need to pay those monthly mortgage payments or the home’s general upkeep if the property is immediately sold to an interested party. Selling to a cash buyer also allows the homeowner to reinvest money from the property’s sale after securing a substantial cash offer. This, too, is a better option than waiting months to fill a damaged property with new tenants.

If your rental is too damaged to repair, contacting a local cash buyer is your best option. They can ensure a quick closing at your convenience, and they buy properties in an condition.

Get Rid of Your Damaged Rental

sell a damaged rental house to an investor for cash

We know how crazy tenants can be! We also know how impossible it can be to rent, or sell a house that tenants have trashed. That’s why, at Red Ladder Property Solutions, we focus on how to help you out of your sticky situation.

We’ll buy your house for cash as-is. No need for you to repair anything. We’ll take your house damage and all! All you need to do to sell a damaged rental house for cash ASAP is contact us! Don’t be afraid to call, we’re always happy and ready to answer any questions you have 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.

I Inherited a House in Omaha, NE. Now What?

January 19, 2017 • Owen

I’ve inherited a house….now what?

It’s a question many face when they suddenly inherit a house without any prior knowledge on the situation. In this article, I will inform you of everything you need to consider if you’ve inherited a house.

Inheriting a house can be a fortune for some and a headache for others. There are several things you can do when you’ve inherited a house – move in, sell it, or rent it.

But there are also many other implications you might have to consider, such as inheriting a house with a mortgage, paying taxes on an inherited house and tax implications.

inherited a house

 

But don’t worry. Everything you need to know about inheriting a house is explained below, including what happens if you inherit a property with a mortgage, and any tax implications you might face.

First off, you need to decide whether you want to sell, rent it, or move in when you’ve inherited a house. If you don’t wish to do anything with the property, you can also disclaim it – scroll to the bottom to find out how to disclaim your inherited property.

Second step: Read the will!

Does the deceased have a valid will? Are you fully aware of everything the deceased is offering? If you’re not sure how to proceed, it’s always best to consult with a professional.

What you should know: If the estate is worth more than $100,000, the court will start a probate to make sure all debts are paid and everything is distributed as it should be. Having a will does not avoid the probate process.

If the will is not valid, the court will follow the state laws of intestacy.

I inherited a house and decided to sell it. What do I have to do?

When deciding to sell your inherited house, here are the first steps you need to take:

  • Verify your ownership.
  • Get advice from a professional.
  • See a tax advisor.
  • Check out the state of the house.

inherited a house that's too old

Does the house need an upgrade to up the value? Are there some improvements you need to make? Does the exterminator need to be called? Make an inventory of all items and note down all problems that need fixing. Then, get in touch with all necessary professionals that will help you sell your house and give you the best quote. Please note that in most cases, especially when dealing with real estate agents, this could take months, depending on the state of your house.

Do you wish to sell your house FAST to a cash buyer? Give me a call and I’ll give you a quote in just 24 hours – we are happy to accept houses that need repairs.

I inherited a house with a mortgage. Help!

Inheriting a house with a mortgage instantly brings up a lot of questions that sometimes remain unanswered and resolve in long-term complications. Here’s what you should know:

A house with a mortgage can be inherited just like any other property.

What you need to do is make arrangements to pay off the mortgage and look into property taxes.If you’re inheriting your parent’s home you MUST live in the home and make required payments, however, if you intend to assume the mortgage, you can also keep it in the deceased relative’s name.

Make sure you consult your lawyers and financial planners – find any other implications that come with inheriting a house with a mortgage in your country.

Do I pay taxes when I inherited a house?

Selling you’ve inherited a house can mean that you will most likely have to pay income taxes if you made a profit while a loss during the sale could mean a tax deduction. There are plenty of tax implications that can come with an inherited house, so make sure to read the fine print carefully and always consult with your financial and tax adviser.

“The higher the basis, the lower your taxable gain from the sale.” states LegalZoom.

To put it in simpler words:
[property value] – [your purchase] = taxable gain
Different rules might apply due to the inheritance tax.

So yes, you do have to pay taxes when you inherit or sell your home. In the case of a sale, you need to use the same calculated method as above to discover your tax gain or loss and then report the sale on IRS Schedule D as well as your 1040 tax return – please note that this form needs to be used in the year you sell your home.

How do I disclaim an inherited property?

There are several reasons why someone might not want to do anything with their inherited house – not even bother with the process of selling it.

Reasons to disclaim an inherited property:

  • High real estate taxes.
  • Avoiding responsibility of the deceased’s legal past.
  • Give it to another family member.
  • Other personal reasons.

Inherited property disclaimer requirements:

  • It needs to be done in writing.
  • It needs to be disclaimed within nine months of the deceased’s passing.
  • No benefits should be made when disclaiming the property.
  • The assets cannot be passed indirectly to the person disclaiming the property.

inherited a house with flowers

Thinking of renting after you’ve inherited a house?

Becoming a landlord comes with plenty of responsibilities. Make sure you read my articles on renting a property to get all necessary information on renting an inherited home.

Ready to sell your house? Sell it to a house-buying company. This gives you the best of both worlds! You won’t have to worry about any repairs, you save on commission costs and you can receive a quote in just 24 hours.
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!

We buy houses in Omaha and we pay cash!

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.

Sell A House Fast in Omaha: 5 Tips For Success

January 12, 2017 • Owen

5 tips to sell a house fast

Considering selling your house and want to do it as quickly as possible? Of course! Most people want that. We buy and sell houses all the time and have some proven tips on how to sell a house fast in Omaha… or any other town or city.

We use these tips every time we sell a house we’ve fixed up. Most were learned when the real estate market tanked back around 2008.

With foreclosures up 81% back then, there were a lot of houses on the market clamoring for the attention of the reduced amount of buyers looking to buy a home.

We were forced to find ways to compete and get houses sold. In this article we are passing those hard-earned lessons on to you so that you can better be able to sell your house fast in Omaha or anywhere.

sell a house fast

Selling a House Fast Requires the Right Price

We quickly noticed that the single biggest factor in getting a house to sell fast in any market is the price.

Yes, how much you are asking for your home plays a huge role in being able to get offers right out of the gate.

Consider this from the point of view of buyers looking to buy a house in your neighborhood or area. They are likely going through dozens or even hundreds of listings that are most likely sorted by price.

Everybody wants a bargain. They are judging your house and its price against what your neighbors are asking for a similar house.

Pricing a house is not the easiest thing to do in the world so we wanted to provide some quick tips to help you determine a great price:

  • Check compsFind out what other similar houses are selling for and how fast they are selling. Take the closest matches that sold quickly and average the selling prices.
  • How does your home compare?If you are working with an agent, you can have them show you pictures of the houses that sold. If you aren’t working with an agent, many times you can see pictures of houses that sold on Zillow.com or Realtor.com. Compare the fixtures and finishes to what you have in your house and adjust your price up or down based on what you find. Always be considering this from the buyers’ perspective. What would you think when you saw the houses that sold and then came and saw your house? It’s very important to be objective here.
  • Have friends give their opinionsSometimes we as homeowners are seeing things through a different lens. We need to get unbiased opinions from friends or family that are completely objective.

For more great tips on pricing your house for sale, check out this article on Zillow.

cash offer from a house buying company

Get an Offer from a Cash Home Buyer

Not everybody is aware there are people who buy houses cash that will make you an offer to buy your house quickly.

You might wonder,”why do they buy a lot of houses?” They buy for investment purposes and usually have the cash to close faster. This allows you to sell your house without even putting it on the market.

What’s the catch with these house buying companies? They usually don’t pay full market value. That might be an issue if you need to sell for top dollar.

Of course, this option doesn’t make sense for all home sellers. It makes the most sense for people that don’t have the time or energy to deal with getting their house fixed up and put on the market. This is also a good solution for sellers that don’t like the idea of having dozens of complete strangers going through their house, looking at all of their stuff.

We buy homes in Omaha and would love to talk with you about what we can pay for your house.

market your house for sale everywhere

Market Your House Everywhere

The quickest way to sell a house you put up for sale is to get as many eyes on it as possible. You need to make sure everybody knows the home is for sale.

 

Get an ad in the local newspaper

If you want to sell a house fast in Omaha, you might consider putting an ad in the local newspaper or their website.

 

Use a Listing Agent

Real estate agents can list your house on the MLS (Multiple Listing Service) which will help you get maximum exposure.

If you decide to sell your house without an agent, you can get a ‘For Sale By Owner’ sign from HomeDepot or Lowe’s and stick it in your front yard. I highly recommend you get the directional signs as well. This will allow you to point people driving around your area to your house that is for sale.

 

Use Social Media

Take lots of pictures and do a video walk through. You can post these on Facebook and Youtube.

One social media platform is perfect for pictures: Instagram. Give it a try.

 

Tell everybody you know

Tell everybody you know that your house is for sale. Ask everybody you talk to if they know of anyone looking to buy a house in the area. You never know who might be looking for a house just like yours. This will certainly help you sell a house fast.

gives concessions to sell a house fast

Give Concessions to Sell Quickly

There are lots of ways to entice buyers to give your house a little extra attention.

Here are some of our favorite ways to sell a house fast by giving concessions:

 

Agent bonus

Reward agents for finding you a buyer. We’ve given bonuses of $1,000 or more for buyers’ agents that sold their buyers on our houses. You can do the same.

There are agents that look for listings of houses for sale where these bonuses are available and start showing their clients these houses first. Get yourself on the top of potential buyers’ must-see lists with this tip.

When buyers see your house first, they may just fall in love with it and make you an offer. Offering an agent bonus has allowed us to sell a lot of houses faster over the years.

Try it!

 

Closing cost assistance

Not all buyers need assistance with their closing costs…but most do!

If you offer to help pay closing costs for your buyers, they will much more likely to buy your house over others on the market.

In order to sell a house fast, you should consider offering this assistance. Be sure to write into the description of your listing your willingness to pay some closing cost assistance. It really goes a long way in persuading buyers to give your house more consideration.

 

Home warranty

This tip for selling a house fast is not mentioned often. Providing a home warranty gives buyers a peace of mind.

They might be nervous that they are overextending themselves when buying your house. They will likely feel better knowing that if something goes wrong, they have a warranty that will cover it.

American Home Shield offers a great home warranty that is pretty comprehensive. It’s great because it doesn’t cost an arm and a leg either.

Offering a home warranty gives your home a competitive advantage that will allow you to sell your house quicker.

If you want to shop around and find the perfect home warranty, check out these reviews.

stand out when selling your house

Be Different

This piece of advice is one that I hope my competitors that sell houses don’t catch wind of. We make it a point to find economical ways of setting our houses apart so that they sell much faster.

The secret is spending some time to see what houses are for sale that your home will be competing with. Then, make note of the similarities between the houses.

  • Do they all have beige walls with white trim?
  • Do they all have formica counters?
  • Do they all have oak cabinets?
  • Do they all have brown exterior paint?

What you want to do now is find some things to do that will make your house stand out because it doesn’t just match all the others that are for sale.

You sell a house fast by making it unforgettable.

Great websites to get cheap design tips are Houzz.com and Pinterest.

Final Thoughts About How to Sell A House Fast in Omaha

Whether you situation dictates you sell a house fast in Omaha or somewhere else, you can follow these 5 tips we’ve outlined to pretty much guarantee a quick sale.

If you feel you’ve benefited from this article, please share it!

We’d love to hear any tips you might have for selling a house fast. If you have some tips, please don’t hesitate to leave them in the comments below.

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