Red Ladder Property Solutions Posts

Do Senior Citizens pay Capital Gains Tax When Selling Their Homes in Nebraska?

January 8, 2019 • Owen

As senior citizens get older and find themselves in situations where they have to sell their house, there can be many details involved. First of all, how do you know the right time? When should seniors sell their homes? It is just when they need to pay for medical expenses or to cover the costs of senior living facilities? Do you need to sell parents house to help them out? What about some of the costs, like the capital gains tax when selling homes? Will they still be required to pay that? The good thing is that there is not always a large capital gains tax when selling homes whether it is put up for sale by owner or if you choose to sell parents house for them. The capital gains tax when selling homes is contingent on certain factors.

What is the capital gains tax when selling homes?

power of attorney and capital gains tax when selling homes

Anyone who sells any capital asset needs to understand the taxes involved. It’s not just about houses though. According to the IRS, nearly anything you own is a capital asset, even if you didn’t purchase it as an investment technically. Basically, if you sell something for more than you paid for it, you made a gain and you should report that profit on your taxes. The good thing is, as far as capital gains tax when selling homes is concerned, most of the time they are exempt. Your home is likely your single biggest asset. Certain factors exempt your home from paying capital gains tax when selling homes including:

  • If you owned the home for at least 2 years out of the 5 years before the sale was made
  • If the home was your primary residence for at least 2 years in the same 5-year period
  • If you haven’t excluded the gains from another home you sold in the two years before you sold this home

In most cases, you can exclude $250,000 of any gain if you are single or $500,000 if you are married.

When should seniors sell their homes?

Since residency can affect the capital gains tax when selling homes, when should seniors sell their homes? Remember you have to live in the home 2 years before you sell it to avoid the tax. However, for those seniors who have moved from their house to a nursing home, the ownership and residency is lowered to one out of five years. And if they still own the home, but are in a nursing facility, it still counts as ownership.

Do I need a Power of Attorney to sell property belonging to my parents?

what are capital gains tax when selling homes

When addressing exactly when should seniors sell their homes, you will likely discuss the possibility of you needing to sell parents house. The next question would be what legal right do you have to sell someone else’s property and do you need a power of attorney to sell property that is not technically yours? The easy answer is yes. In most cases, you will need to have power of attorney to sell property belonging to your parents. Be sure you are granted the right POA to handle this type of transaction on their behalf. There are several different types and only certain one permit you to handle financial matters for others. You will need a durable power of attorney to sell property on their behalf if they can no longer handle their own finances.

How do I get started to sell parent’s house?

Once you have become aware that it is time to sell parents house, you may have a lot of questions about how to get started. You may consider talking to a real estate agent or putting it on the market yourself. The decision to sell is the first step, then it’s all about the how. You have options other than going through a real estate broker. You can put it up for sale by owner if you want to handle the transaction. Or you can consider selling your parents house for cash.

Can I advertise my parent’s house as for sale by owner?

One of the options you have available if you don’t want to sell the house fast is to advertise it for sale by owner. First, make sure you have all the paperwork in place and that you can legally handle the transaction. However, it can be a difficult endeavor to try to sell a house yourself. You will be responsible for everything from advertising, to scanning potential buyers, to completing all the paperwork. Selling your parents house for cash is hard any way you choose but having to do it all yourself can be a burden and can be time-consuming and expensive in the long run.

Is there a way I can sell a house fast?

sell capital gains tax when selling homes

If you need to sell house fast, there is a way to do that. A real estate investor buys property that can be resold for a profit. They will look at your parent’s house and make an offer. They will pay you cash for it and then complete all the paperwork. It is the best way to sell a house fast and without any hassles. There is also no waiting for closing or for a potential buyer to qualify for a loan. They make you an offer and if you accept it, they pay you in cash and it’s over.

Getting the House Ready if you are Selling Your Parents House for Cash

Perhaps one of the best things when selling your parents house for cash is that you do not have to do a single thing to make it ready for the sale. Any other type of home sale and you will have to make repairs and do all kinds of work to get it ready to show, and then to sell. But when you are selling your parents house for cash, you literally do not need to do a thing. It is an as-is purchase. This means the investor will take it as it is. It’s the fastest way to sell a house and the least amount of hassle.

At Red Ladder Property Solutions we specialize in a quick sale so that you can get on with the more important things in life. Don’t stress out about selling your parents’ house. In the event you need to sell your parents’ house before death, give us a call at 402-578-4003. We would love to answer any questions about the house selling process that you might have.

The information presented in this article is for educational purposes only and should not be considered legal, financial, or as any other type of advice.

5 Tips to Renovate a Hoarder House

January 1, 2019 • Owen

If you are getting ready to renovate a hoarder house, the biggest challenge you may face is simply getting started. Just one look at the shape and contents of the house might seem overwhelming. A hoarder house renovation is a huge job and before you even get to sell it you may be looking at an all-day job or even a several-day job. Here are a few tips for cleaning up and selling a hoarder home.

Tip 1: Hoarder House Renovation Self Protection

renovate a hoarder house project

It is very important when you start to renovate a hoarder house that you protect yourself and other workers first. You’ll need disposable gloves, goggles, and dust masks to avoid exposure to health concerns like parasites or mold. Make sure to wear solid, work shoes and a hard hat is a good idea too. Here are a few things you should make sure are available when you renovate a hoarder house:

  • First-aid kit – in case there are wounds that occur. You’ll also need some over-the-counter pain meds and allergy meds just in case.
  • Flashlight – You’ll want to be able to see in every area of the home.
  • Repellent spray – often during a hoarder house renovation you may disturb pests that have been taking shelter.
  • Fire Extinguisher – If there are any flammable materials in the hoarder’s house, they can catch on fire easily and you’ll need to put it out quickly if this happens.

Watch out for sharp objects like knives or broken glass that could cause injury. Call in professionals if you find bio-hazardous materials in the house.

Tip 2: Gather Tools Needed to Renovate a Hoarder House

renovate a hoarder house with tools
There are a lot of supplies and tools needed for a hoarder house renovation. Cleaning supplies and equipment will be needed to remove trash. Disinfectant will be necessary for cleaning before re-inhabiting the house or selling a hoarder home. And you’ll need tools for making repairs and disassembling items. Take plenty of heavy-duty trash bags, empty boxes, sponges, brooms, mops, buckets, wet wipes, dustpan, a step ladder, Lysol, hand tools, and anything else you can think of. You’ll also need to pay the city an extra fee to rent a large dumpster from sanitation services. That way they can dispose of the trash properly when you are done.

Tip 3: Make Use of a Staging Area

Set aside some open space for staging. This area is very useful as it can temporarily store the contents from the house. The rooms, porches, and other areas are likely already cluttered so you’ll need a separate area to use for going through items. If possible, just use the front or backyard. To do this, you’ll also need to ensure the exits are clear to allow for safe entry and exit. This is important for moving things in and out as well as establishing a safe route in case a fire does erupt.

Tip 4: Cleaning the Hoarder House for Sale or for Re-habitation

clean and renovate a hoarder house

Once you’ve established exit routes and a holding area, it’s time to start cleaning. Start with a small room like a bathroom. Remember that most hoarders are not sanitary, so you’ll want to pay special attention to the kitchen and bathroom areas. Starting in a bathroom will give you a clean area with a supply of water. Once you’ve cleared out smaller rooms, move on to larger rooms saving the closets and storage areas for last. They are usually overflowing with stuff and very disorganized.

Start in other rooms by first removing all the trash. This will be obvious garbage and items that may be too filthy or damaged to be used again. You’ll need to check on local ordinances about discarding things that cannot go into the trash like medications, fuel, oil-based paint, flammable or explosive materials. Lay aside any items that can be recycled and dispose of the rest. Work through a room from top to bottom making sure to check purses and pockets for forgotten cash or jewelry. Take all the clutter out of the room and move large furniture such as couches and appliances so you can clean the premises completely. In some cases, it may be best to pay up front for a professional cleaning company to clean and sanitize the house.

Keep an eye out for items that are salvageable. Family heirlooms, documents, artwork and other items that may be valuable or necessary should be kept. Clean items that will be donated.

Tip 5: Save Time, Effort and Money by Selling a Hoarder Home to a Cash Buyer

It takes time, money and effort to renovate a hoarder house.  It is useful to know how to sell a hoarder home and safe yourself all the hassle. You look around and wonder if it’s possible to offer a hoarder house for sale. But there really is. An investor will buy the house just like it is, without you having to renovate a hoarder house at all. The cash buyer will offer you a cash price based on an informal assessment. They are knowledgeable of real estate and getting ready a hoarder house for sale.

If you like their offer, you just accept it. You take the cash and walk away from the mess and the hassle. The investor will help you get all the paperwork done. You’re relieved of having to do all the work necessary to renovate the hoarder house. Contact a cash buyer, or real estate investor to learn how to sell a hoarder home fast and easy.

Want to Get Rid of Your Hoarding House?

avoid needing to renovate a hoarder house by selling
Trying to get a hoarding house ready to sell is stressful. We understand that. At Red Ladder Property Solutions, we’re here to help you get rid of your stress without having to renovate a hoarder house. You don’t have to put in the time and money to repair damages or clean out the house. Because we’re cash buyers, we’ll give you an offer and buy the house as-is. Have a question about the process, or want to get a cash offer for your house? Give us a call at 402-578-4003!

The information presented in this article is for educational purposes only and should not be considered legal, financial, or as any other type of advice.

Need to Sell Your Elderly Parents Home in Omaha, Nebraska?

December 25, 2018 • Owen

It’s come time to prepare to sell your elderly parents home. Everyone typically puts it off as long as possible, but as parents age, the cost of caring for them rises and in most cases, it’s inevitable that you’ll have to face selling your parents house. Caregiving takes its toll financially as well as physically and emotionally. Some medical expenses are covered by Medicare, Medicaid or insurance, but there is always something popping up unexpectedly. Sometimes it’s those midnight runs to the ER or urgent care than take a toll physically and prohibit you from working the hours you need to just to make ends meet.

For many, the toll of caregiving only leaves them the option of selling. As much as you probably hate to face it, you’ll likely need to sell your elderly parents home. It’s important to know how to get a house ready to sell, and how to handle the sell. You may have several questions like Do I know how to sell my parents house?  Can I put it up for sale by owner?  Or How do I sell my parents house before death?  There are plenty of questions and plenty of answers when you are in the position to sell your elderly parents home.

Can I sell my parents house before death?

need to sell your elderly parents home fast

One question that comes up a lot is, “Can I sell my parents house before death?” And the answer is yes. You can, and may need to, look at selling your parents house before they are deceased. You may need that money to help pay for their care in one way or another. You will need their consent or be named their power of attorney with specific stipulations for handling decisions pertaining to property and finances. Read this paperwork carefully and discuss it with a legal professional as there are different types of PAOs that allow for a third party to handle different types of decisions.

How can I put up the house for sale by owner?

If you want to look into the option of advertising the property for sale by owner, you will need to be the “owner.” This method may get the house sold, but it can be a long, drawn-out process for you as well as for your parents. Selling the house yourself rather than going through a real estate agency can save you some money, but then you’ve got to deal with the responsibility of handling all the marketing, finding a buyer and making sure they can handle it financially. You’ll also need to handle all the paperwork and closing costs in order make the sale.

Tips for Selling Your Parents House

tips for when you need to sell your elderly parents home

Selling your parents house can be a huge undertaking. Selling any house can be difficult, but it can be emotional and challenging when you are trying to sell your elderly parents home. Here are a few tips for those asking about how to sell my parents house.

  • What financial obligations are still outstanding?
  • Are the utilities on and are they in your parent’s name?
  • Do your parents have a will? Have they spoken with an estate planning attorney?
  • Who has power of attorney and authority for selling your parents house?

How to Sell Your Elderly Parents Home

You may still be asking Am I sure I know how to sell my parents house?  Having to sell your elderly parents home is not an easy decision and it’s not easy to prepare it to put on the market either.  When they go into assisted living or a nursing care environment, you may have to deal with a lot of stuff they cannot take with them.

How to get a House Ready to Sell

repairs for the house when you need to sell your elderly parents home

If you need to sell your elderly parents home, you may wonder how to get a house ready to sell. Typically, you’ll need to make repairs, make sure everything is working correctly, hire a landscaper for outdoor areas and just get everything in shape in general. This can be a costly endeavor as well as time-consuming. You may need to paint the house inside and out and do all sorts of things to make it marketable. Most of the time if you go through a real estate agent, they will give you a long list of the things that need to be addressed before even putting it on the market. However, before you ask how to get a house ready to sell, look at one more option. You may consider the option to sell your elderly parents home to a cash buyer.

How to get a House Ready to Sell to a Cash Buyer

Are you still asking, how can I sell my parents house before death? And how can you get it ready for a cash buyer without upsetting your parents? It’s actually simpler to get your parents house ready to sell to a cash buyer. You literally don’t need to do a thing except make a phone call. Just call the investor, or contact them online and ask them to come look at the property. They will come out and take a look at the house and make you a cash offer. When an investor buys a house, they make the purchase as-is. That means they take it just like they see it. You don’t have to make any costly repairs or make any renovations. It’s much easier than other options like going through a marketing agency or putting it up for sale by owner.

Selling your parents house is stressful. Although there are lots of ways to do it, using power of attorney takes time and money. Don’t wait for the house to get sold. If you need your parents house sold ASAP then selling to a cash buyer is your best option.

At Red Ladder Property Solutions we specialize in a quick sale so that you can get on with the more important things in life. Don’t stress out about selling your parents’ house. In the event you need to sell your parents’ house before death, give us a call at 402-578-4003. We would love to answer any questions about the house selling process that you might have.

The information presented in this article is for educational purposes only and should not be considered legal, financial, or as any other type of advice.

What to do With a Hoarder Home in Omaha

December 18, 2018 • Owen

Taking on a hoarder house in Omaha can be a difficult task if you want to live in it. But if you want to sell a hoarder house it can be doubly difficult. Just cleaning and preparing the house is an arduous task without considering city codes and such. Here are a few of the reasons it is such a daunting task and how you can sell house for cash as an alternative.

What it takes to Renovate a Hoarder House

what to do with a hoarder house that needs clean up

A hoarder’s home can be put up for sale by owner, but there are many renovations that need to be done first. Whether you have asked for help with your own hoarding tendencies or your loved one passed leaving you a hoarder house in Omaha, it is going to take a lot of work to get it livable again. Depending on the severity of the contents, it can be costly, in terms of money, time and effort as well as take a concerted effort of many people.

You could quite possibly be looking at weeks of cleaning if you are trying to sell a hoarder house. There is a lot of work to be done even if you just want to put it up for sale by owner. Each room will need to be gone through and every item considered. You can perhaps donate some items, recycle some of them and still have to trash a lot of stuff. Usually, it’s necessary to rent a special dumpster from your city department. They will bring out a dumpster to set on site, then dispose of the contents properly once you are done.

The Costs of Hoarding

Doing all the cleanup in order to sell a hoarder house can be quite expensive. How much does it cost to clean up a hoarder house in Omaha? There are many factors. Some of the factors include:

  • Size of the property
  • Where the property is located
  • Functionality of water, electric, heating and plumbing
  • Types of materials to be disposed of
  • The ways materials will be disposed of
  • How many crews will be needed
  • Sanitation or cleaning supplies and services required
  • How long it will take to get the house cleaned up

If you want to sell a hoarder house, it can be very costly. Especially if there are any serious issues such as biohazards present. In some situations, crews may be necessary for cleanup as they will need specialized equipment and protection.

City Ordinances and How to Sell a Hoarder House

One of the problems you might run into when trying to sell a hoarder house in Omaha is city ordinances and codes. For instance, a city can take action if a hoarder house becomes a nuisance to the neighborhood. This can also rely on their general Health and Safety codes. Violations can make it difficult to even get in a home to get it cleaned up. In extreme instances, a municipality can regulate how the cleaning occurs to ensure the safety of the community and workers. This can make the chore of cleaning a hoarder house even more complicated and burdensome.

How a Hoarder House in Omaha is a Fire Hazard

what to do with a hoarder house that's a fire hazard

Trying to sell a house without renovations can be impossible since it can be a fire hazard if changes are not made. Many times, exits are blocked by stacks which can prevent timely escape in the event of a fire emergency. People who hoard can also trip over things or items can fall on top of them causing injuries. Even firefighters who are responding to a fire can be injured because of obstructed exits or falling objects. Excessive fire loading can cause walls and other areas to collapse. And of course, hoarding can make it more difficult to find victims in event of a fire or other emergency. Take into account that nearby structures can also be placed in danger if there is a fire.

How to Sell a Hoarder House to a Cash Buyer

If you would like to sell a house without renovations, you should consider the option to sell a house for cash. A cash buyer will informally assess the house and then make you an offer. When you take it, they will give you cash for the house. Closing will only take a matter of a few days as the investor takes care of the costs and filing.  Since it is an as-is transaction, you can sell the house without renovations. You don’t have to spend days on end, cleaning up the hoarder house in Omaha, and you are not out expenses for cleaning, storing or for sanitation dumpsters. It’s a done deal. You have cash in hand and don’t have to worry about having to renovate a hoarder house. If you want to sell a hoarder house in Omaha, but you don’t have time or money to renovate it, consider selling it to a cash buyer to save yourself the headaches.

Ready to Sell a Hoarder House?

what to do with a hoarder house is to sell it

You don’t have to be stuck with your hoarder house. Not knowing what to do with a hoarder house is the biggest set back people face when they want to sell it. Now that you know there’s a way to get rid of your stressful property, give selling the house a thought. When you sell to a cash house buyer in Omaha, they buy the property as-is. That means you don’t have to spend the time in renovating a hoarder house. You won’t have to clean it out, or fix it up.

At Red Ladder Property Solutions we understand that dealing with a hoarder house is stressful and difficult. That’s why we’re here to help. We would love to answer any questions you have about the house selling process. Give us a call today at 402-578-4003, we’d love to talk to you!

The information presented in this article is for educational purposes only and should not be considered legal, financial, or as any other type of advice.

I Have to Sell Parents House to Pay for Care

December 11, 2018 • Owen

There are many people in a situation where they need to sell parents house to pay for care. Parents often reach the point where they can no longer take care of themselves, or it’s not safe for them to live independently and they need other arrangements. Sometimes when the elderly have the option of living in an assisted living facility, an elderly community or need 24/7 nursing care, their adult children have to sell parents house to pay for care. How does that work? What are the available methods of selling a parents house? Can you sell parents house after death, or do you need to do it before that time comes? Here are a few tips to help you with these difficult decisions.

Tips for Selling Parent’s House

sell parents house to pay for care tips

When selling parents house, there can be many details that need to be discussed. You will need to make sure if there are any remaining financial obligations and if selling the house will prevent them from getting medical housing. Whether you sell before, or sell parents house after death, these are some of the organizations and businesses you’ll need to discuss your parent’s situation with.

  • Check with the bank to ensure there are no outstanding debts or obligations
  • Contact the Social Security Administration
  • Make sure you have necessary paperwork such as power of attorney to make decisions on your parent’s behalf
  • Check the state of the will if you are going to sell parents house after death
  • Discuss the situation with the rest of the family or other interested parties
  • Contact insurance carriers or other services providers such as home insurance providers
  • If you are to sell parents house after death, check with estate planning or will planning attorneys

How to Sell a House by Owner

how to sell parents house to pay for care

Another option you may consider when you need to sell parents house to pay for care is how to sell a house by owner. If your parents are able, and they own the property, this option might work. However, many times when someone needs to sell parents house to pay for care, this is not a viable option. If, however, your parents gave you power of attorney and the legal right to manage and sell their property, you would have this option. However, if you want to use the sell a house by owner option, then you will be doing all the work yourself instead of hiring a real estate agent. There are some benefits to doing the process yourself, but if you don’t know what you are doing, or how to market the house so it will sell, then you may be biting off more than you can chew. You could get stuck sitting on the property indefinitely trying to find a qualified buyer and paying out of your own pocket for your parent’s care. For most people who need to sell parents house to pay for care it is not the best option available.

Can I sell my Parent’s House After Death?

You may also find yourself in a situation where you need to sell parents house after death. If you have power of attorney and the legal right to do so, you can sell parents house after death. But if you don’t, it could end up in probate and take you an extremely long time before you finally end up selling your parents house. It’s much easier in most cases if you can end up selling parents house before they pass away. It can be more complicated to figure out how to sell a house by owner once they are deceased. This is especially true if they did not deed the house to you before their passing, or you did not inherit the house in their will. But if you either inherited the house, or they deeded it to you, it’s much simpler and you may be asking, “How can I sell my house for cash?”

Can I sell my House for Cash or sell parents house to pay for care?

sell parents house to pay for care to cash buyers

If your parents willed the property to you, or deeded it to you, or just gave you the legal power to sell you may be asking, “can I sell my house for cash?” The answer is yes. Selling parents house for cash is often the best choice you have available if you need to sell parents house to pay for care. It’s easy, it’s fast and there’s no hassles involved. You don’t even have to spend the time fixing the house up if you choose to sell it to a cash buyer. There’s no staging, there’s no repairs and you don’t have to wait for a buyer to qualify and secure all the needed paperwork. An investor will make an offer and if you accept it, they will pay you cash on the spot. They also help get all the paperwork done so there’s no waiting for closing. So, if you wondered if you could,” sell my house for cash,” the answer is Yes!

Sell Your Parents House Fast and Simply

Selling your parents house is stressful. Although there are lots of ways to do it, using power of attorney takes time and money. Don’t wait for the house to get sold. If you need your parents house sold ASAP then selling to a cash buyer is your best option.

Here at Red Ladder Property Solutions we specialize in closing on houses quickly so that you can move on to more important things in your life. Selling a house has a lot involved, but not if you’re selling to us. You don’t have to repair your home, we’ll buy it as-is! Have a question about the process or want to get your no obligations offer today? Give us a call at 402-578-4003. We’d love to talk to you!

The information presented in this article is for educational purposes only and should not be considered legal, financial, or as any other type of advice.

I Inherited a Hoarding House, Now What?

December 4, 2018 • Owen

Different types of inheritances can create some various challenges. One of these is when an individual inherits a hoarding house. Many individuals say they shocked when they have inherited a hoarding house.

The most likely conclusion they will come to is a desire to sell it. It is just the beginning of the problems. An individual that has inherited a hoarding house now have many responsibilities.

How Can I Sell a Hoarder House?

i inherited a hoarding house now what

As bad as it is the person with the inheritance doesn’t want this to cost them money. An inherited hoarding house can create many different costs. The only recourse is to find a way to solve the problem. Perhaps at the same time at least doing so without any expenses. Or even better to come out with a bit of a profit.

An individual may say, I inherited a hoarding house so how can I sell a hoarder house as quick as possible? There are a couple of traditional choices for the answer how can I sell a hoarder house. These are for sale by owner, or for sale through realty.

For Sale by Realtor

When one has inherited a hoarding house, it can be difficult finding real estate agents. Time is money for these agents. Usually, they have to invest some money into a property to sell it. Aside from their time, there are the advertising expenses. Real estate agents take on the cost of hiring photographers. It is so they can take images of property they are going to sell. Plus, they also have the expense of running the advertisements.

A lot of realtors will tell the person that they cannot perform realty services. They will tell those who have inherited the hoarding house.

Most real estate agents would not likely commit to selling this type of house.

For Sale By Owner

i inherited a hoarding house, do i sell it

When an individual has inherited a hoarding house, they may attempt a for sale by owner.  On the rare occasion, this may work. But the sale may be with a lot of conditions. Most are not able to meet these conditions. Or, if they do they are quite costly. It may end up the For sale By Owner venture costs the inherited owner money instead of making some money. This can happen in a few different ways.

Clearing out all the Clutter

A new buyer may insist on all the removal of the hoard. If so, this can be expensive depending on how bad the hoard is. Most likely it will mean hiring professionals to do this. Another challenge will be to rid the home of bugs and rodents.

Renovate a Hoarder House

A for sale by owner buyer will want a home inspection. Hoarders can cause a lot of damage that at first goes unnoticed. The damage is not seen until after the hoard removal.  Any needed renovations are going to likely be a big cost. It will cost the individual who inherited a hoarding house. To renovate a hoarder house is no easy task. It might be that there will be a loss on the hoarding home. Rather than realizing any profit or breaking even after costs.

Sell House Without Renovations

i inherited a hoarding house and can't repair it

Another challenge is to take on a sell house without renovations. The person who inherited a hoarding house may just want to sell it as is. After all, there are plenty of people who do this. In those cases though, it is usually houses that are just run down. They are not homes that are full of clutter and items. Potential buyers will at least be able to get a good look at those type of homes. Selling an as is hoarder home does not let a potential buyer see what is underneath or behind all the hoard.

How to Sell a hoard house fast

People who have inherited a hoarding house usually try to determine how to sell a hoard house fast. All the standard tactics for being able to do this are not available. For example, they cannot use standard advertising. To do so would mean using pictures of the home. Pictures of a hoarder’s home are not going to sell it. Just depending on advertising to sell the hoarding house is not the solution. The answer to how to sell a hoard house fast is to find a cash buyer.

Sell House for Cash

i inherited a hoarding house and need to sell it

It is possible for those that have inherited a hoarding house to enjoy a sell house for cash deal. There are house buyers available that specialize in cash purchases. To these house buying specialists, they will not have the normal expectations of a buyer. They are also aware of what a hoarding house can be like. Many of these sell house for cash buyers will not expect anything. They will have a good idea of what the house is worth in its current state. Plus, they will have a good idea of what it will take to get it back in livable shape. They will use this knowledge to make a fair cash offer to the persons who inherited a hoarding home.

The cash buyer will have other costs to take on.  They will have the cost of having professionals clean out the home. The cost of disposing of the hoard will be another expense. Most likely the home will need fumigating. Then the repairs will be the next issue.

The individual who inherited a hoarding house will at least save on all these costs. Plus the extra costs that will occur if the home doesn’t sell. There will be taxes. Most likely city officials will demand a cleanup.

I Inherited a Hoarding House Solutions

The best solution for those people who have inherited a hoarding house is to accept a sell house for cash deal. It is also the answer to how to sell a hoarder house fast. There are savings on other extra costs. There are no advertising fees with the sell house for cash buyer. Plus, there are no real estate fees. So there are some substantial savings.

If you’re stuck thinking “I inherited a hoarding house…now what?” then stop worrying. We’re cash house buyers in Omaha who are ready to buy the house as is. That means you don’t have to worry about cleaning it up, or city codes, or anything! At Red Ladder Property Solutions, we specialize in a quick sale with a cash offer. We can get that hoarding house off of your hands as fast as you need.

Have a question? Give us a call today at 402-578-4003, or visit our website to get a no obligations cash offer on your inherited hoarder house. We would love to talk to you and help you through this stressful time!

The information presented in this article is for educational purposes only and should not be considered legal, financial, or as any other type of advice.

Can I Sell My Parents House Before Death?

November 27, 2018 • Owen

When parents age there needs to be some changes made. It often means that the kids have to attend to this. One of the factors may be that I have to sell my parents house before death. This is a big task for you. It is not one that you do everyday. So it is not one that you are familiar with. The sell my parents house before death task is one that many people face.

Sell Your Elderly Parents Home

sell my parents house before death when they're elderly

Selling parents house means that you have a lot to learn. First, you have to know what options are available to you. I have to sell my parents house before death may mean fewer legalities. It is when it’s compared to selling your parents house after they have passed away. This usually means even greater legal issues.

You have some decisions to make  to sell your elderly parents home. It includes which options are you going to pick to sell my parents house before death.

Sell My Parents House Before Death Preparations

Before thinking about selling the house, it has to be ready for sale. For several of the house selling options you have no choice but to do this. Most home buyers will want a home inspection done. If you don’t do the repairs it may not pass inspection. There will be some disappointments when potential sales fall through. All because it didn’t pass inspection. This brings another challenge for you. Now you have to do the repairs which may be unsettling for your parents. Then there is going to be a cost involved.

Legalities for the can I sell my parents house before death question

sell my parents house before death and other leagalities

Added to all of this are the legalities. Permission has to be obtained in answer to the question can I sell my parents house before death. You may need the power of attorney for them. It is a legal document that allows you to act on their behalf.

Sell House By Owner Options

You may be familiar with the sell house by owner option. For awhile it became quite a trend. After seeing how difficult it can be many people no longer try. Still you need to know what it entails. You need to look at all the selling parents house options.

You may decide that to sell my parents house before death this is the best method. Perhaps you are looking at it as a way to save money on real estate fees. It is true that you can do this. But chances are you will have higher legal fees.

There are a lot of legal documents that come with selling a house. If these are not prepared in a proper manner  it can cause problems. It could cause the sale of the house to fall through. It may mean you need to hire a lawyer to do extra work. This is the work that in normal situations the realtor would do.

You also have to accept to sell my parents house before death that this option is difficult. It means you will be the one that always has to be on call for showings. Plus, you are going to have the task of marketing the house. This is time consuming. Plus, it takes a certain amount of expertise. You don’t have all the resources that the real estate agent has. Then added to this is how to set the price. You want a fair price when you need to sell my parents house before death. Chances are they need the money from the sale to live on. They are going to have to move. Finding new accommodations costs money. You need to decide if you have the time and expertise to see my parents house before death. If you are going to use this option.

Using a Real Estate Agency

sell my parents house before death with a realtor

Think about using professionals. It is another option to consider for the sell my parents house before death task . It means now relying on a real estate agent. This will help with some of the burden of selling someone else’s home. For the most part they will look after the marketing. Plus, they look after a lot of the legal paper work.

There are going to be several downsides to this. Your parents may feel unsettled. They have a stranger looking after some of their affairs. This unknown individual is going to be bringing strangers through their home. Then it could take weeks or months for the sale. During this entire time it is stressful for your parents.

The Sell House for Cash

There is one more option for the sell my parents house before death task. It the sell house for cash opportunity. There are professionals investors that are willing to pay cash for the house. In this situation a cash deal may be perfect.

It means that there won’t be any strangers coming through the home to view it.  It eliminates the needs for the repairs that may need doing. Cash buyers will not expect the completion of any repairs . This is a huge relief because it cuts down on the disruption to your parents.

Your parents are now going to have to move somewhere. It may mean they need cash to do this. Buy using the sell house for cash there are no mortgages that need arranging . Which can often be a problem with other buyers.

Then there are the savings  on the real estate costs.  The legalities for selling the house this way are far less of a burden. It can mean a lot less cost in lawyers fees.

The transition that takes place with the sell house for cash is smooth and hassle free. It creates the ideal situation for your parents. For you the sell my parents house before death is a problem solved. You no longer need to worry about where you are going to get the time to do this. Plus, you don’t have to educate yourself about home selling. Your parents don’t need to stew over about what is going to happen to the house. Having cash offered to them may be a great incentive for them.

The cash offer can help to offset the disappointment they may be feeling. It can be upsetting for them to leave their home. The cash is going to give them something to look forward to. There are no worries about home buyers coming back with complaints. Nor is there the frustration of having to deal with real estate transactions. Especially when they  that tend to fall through.

Need to Sell Your Parents’ House Now?

sell my parents house before death to cash buyer

At Red Ladder Property Solutions we specialize in a quick sale so that you can get on with the more important things in life. Don’t stress out about selling your parents’ house. In the event you need to sell your parents’ house before death, give us a call at 402-578-4003. We would love to answer any questions about the house selling process that you might have.

 

The information presented in this article is for educational purposes only and should not be considered legal, financial, or as any other type of advice.

When Should Seniors Sell Their Homes in Omaha?

November 20, 2018 • Owen

When should seniors sell their homes? This has become a pressing question over the last few years. When it is time to sell your elderly parents home, what is the best way to go about it? For many, this is all new territory and it can be difficult to figure out the process especially if for some reason you need to sell parents house fast. If you are looking at helping your parents sell a home, or even as power of attorney sell a house for them, here are some important tips.

What if you need to sell your elderly parents home?

when should seniors sell their homes

Should seniors sell their homes, or should their children do it for them? This can also be a difficult question to answer. Your first instinct may be to call a real estate agency and try to get it on the market. That is just one solution when you need to sell your elderly parents home. However, though it is a valid option, it can be a time consuming one. It can take months to make sure you have power of attorney to sell house, get it listed and find a qualified buyer. After that, you are still looking at months before closing. This just doesn’t work if you need to sell parents house fast. In the meantime, your parents are still responsible for the property and any payments that may be outstanding. Also, it can be difficult for them to qualify for medical assistance if they own a house.

Can I put their house up for sale by owner?

Putting a house up for sale by owner is another valid option if you need to sell your elderly parents home. However, you must be the owner to market it as a sale by owner proposition. You may have difficulty with this option even if you have power of attorney to sell house. If they deeded it to you, or if you are on the deed you may be able to use the for sale by owner option. But even then, it can take a long time to find a qualified buyer and secure the financing necessary. This can be an extremely difficult option if you need to sell parents house fast.

Do I need a power of attorney to sell a house belonging to my parents?

should seniors sell their homes with power of attorney

The short answer is yes. You will need a power of attorney to sell a house belonging to your parents. Even then, it has to be specified in the paperwork that you have the rights to handle their property or you won’t be able to sell it. If you have power of attorney or have been given the authority to sell parents home, you can sell house for cash to an investor.

Should seniors sell their home, or can I sell a house for cash?

As long as you have the authority, you can sell your parents house for cash. If you are in charge of making sure it gets sold to relieve them of the financial burden, or to help pay for their alternative living expenses, selling a house for cash is the fastest option.

How can I sell my parent’s house fast?

Are you are asking, “how can I sell my parents house fast?” It is possible with a cash buyer or an investor. They will come out to the property and do an informal assessment to determine how much the house is worth. Then they will make you a reasonable cash offer. You have the choice of taking it or refusing it if you want to. If you decide to take the offer, they will give you cash and then help complete the paperwork. It is a good option if you need to sell parents house fast, and they’ll have the cash in hand.

Should seniors sell their homes to a cash buyer?

should seniors sell their homes to cash buyers

Should seniors sell their homes to a cash buyer, even if their children are not involved? Yes, if they want to sell it fast. A cash buyer will take the house as is. This means there’s no need for repairs or renovations to be made to the property. They also won’t need to stage it or do anything to get it ready for showing. Selling to a cash buyer is much faster than putting it on the market and waiting for it to get just right so they can sell. They’ll have the money in hand, and the paperwork will complete in a short time. It’s the simplest and fastest way to sell their house so they can get out from under the financial strain.

Another benefit should seniors sell their home to a cash buyer is that they can avoid the hassle of trying to put it up for sale by owner. There’s no hassle, no setting up appointments to show the home, no annoying phone calls or anxious waiting. Sell house for cash is the fastest option available should seniors sell their homes before moving to another living environment.

Do you have a question about the house selling process? Do you want to get your no obligation cash offer for your parents house? Even if you don’t decide to sell, we’d love to answer any questions you might have. Give us a call today at 402-578-4003.

The information presented in this article is for educational purposes only and should not be considered legal, financial, or as any other type of advice.

Why Sell a House to Cash Buyers?

November 2, 2017 • Owen

Making the decision to sell your home is one of the major decisions you will probably make in your lifetime. There are lots of options, between listing with a real estate agent, selling on your own, and the decision to sell a house to cash buyers. When you are going to do this it requires several different types of planning for the future. You will have some options in the way you want to sell your home. So why should you sell a house to cash buyers? Let’s see what that entails.

Why Sell To Cash Buyers?

why sell a house to cash buyers

The best way to decide to sell a house to cash buyers is to compare this to traditional home selling.

Listing the home Through the Real Estate Agent

If you go through a realtor the first thing that needs to be done is that it has to be inspected by this professional. The realtor will then do an analysis of the market in your area. After this, he will suggest a listing price. You have the final say as to how much you want to put the house on the market for.

Necessary Repairs

Your realtor may also suggest that you do some specific repairs before listing the house. You then need to make the decision as to whether it would benefit you financially to do this. It will also depend on whether you have the extra funds to put into the repairs.

Advertising and Promotion

Your agent will look after the task of advertising your home and promoting it to potential buyers. This means putting in on the open market. Interested parties will book appointments to see your home. Most likely there are other homes in your area that are for sale so your home will be competing against these.

Showings

Home viewings are one the biggest inconveniences. This is necessary when selling your home in the traditional manner. Some find this to be such a hassle that it answers the question as to should I sell my home for cash.  Viewings mean that several people will want to see your home at different times. You may have to leave the home for periods of time, so the agent can hold open houses. It means constantly having to keep the house clean and orderly.

The Negotiations

When a potential buyer is going to put an offer in it usually means some negotiations back and forth. This can take some time before an actual selling price is agreed upon. Many times during this process the deal falls through. The buyer may not be willing to pay the final price. Or, they may not be able to arrange financing.

The Paperwork

With the sale of a house with traditional methods, there is a lot of paperwork involved. Not only does the realtor have to prepare this, but you will also need a lawyer to help close the deal.

Selling a House to Cash Buyers

pros of deciding to sell a house to cash buyers

There is a good chance you may not even have to list your home. It may be that your home is in need of several repairs to bring it up to market value. If you take the option to sell a house to cash buyers then you most likely can take the “sell house as is” opportunity.

Do some checking in your area. You may find there are investors that are interested in sellers who want to sell a house for cash.  Your realtor may even be aware of someone who may be interested in this type of purchase. This means the cash buyer is prepared to buy the house in its current state.

Should I Sell My House For Cash?

Your personal situation will help you answer the question, should I sell my house for cash? You need to know the reason that you are selling in the first place. It could be that you have run into financial difficulties. Or perhaps your job requires you to move to a new location. Another reason may be that the house is in bad need of repairs and you don’t have the extra money to carry these out.

All of these situations may raise the need for some quick cash. This is drawing you towards the decision to sell a house as is. When you sell a house to cash buyers you don’t have to deal with a lot of the hassle. These are the ones that come with the traditional way of selling.

Other Reasons to Sell a House to Cash Buyers

more reasons to sell a house to cash buyers

Fast Sale

When you sell a house to cash buyers you are normally looking for a quick sale with a fast closing. At first, you may think it will be difficult to sell a house this way because of the need of repairs. There are several investors that are willing to buy a home as is. If you’re looking to sell your house fast then a cash buyer might be for you.

Fair Price

Naturally, the price will be lower than it would be if the home were in pristine condition. You will still receive fair market value, based on the worth of the home. Also keep in mind if you do your research for your area first, you may not have to even list your home. Chances are, you can find interested parties who advertise that they want to pay cash for homes. This means you will save substantial money on the real estate fees. You may also get some extra savings on your lawyer’s fees. This is because there is not as much legal work involved in this type of sale.

Fewer Inconveniences

When you sell a house to cash buyers you don’t have the inconveniences of waiting for the right buyer. You don’t have to do the repairs or put up with the intrusion of people viewing your home.

These are all valid answers to the question why sell to cash buyers. The answers are the solutions for those who want quick cash for their home. It is an ideal method for those that don’t want to go through the standard process of home selling. When you sell a house to cash buyers you can tend to your financial needs quickly. Or, you can get on with the move that is required based on your situation.

Sell a House to Cash Buyers Now!

reasons to sell a house to cash buyers

Watching your house sit on the market, spending an arm and a leg in repair costs, and not wanting to list with a real estate agent are all reasons why cash buyers are a better option for you. 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.

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.

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