Time to Sell? 10 Reasons You May Need to Sell Your Boise Home
Did you know in 2017 around 5.51 million homes were sold in the United States?
With so many homes being sold you or someone you know is in the process of selling their home right now.
There are a lot of reasons people decide to sell their homes, and some are more complex than others. Here are 10 reasons it’s time for you to sell your home.
Time to Sell? 10 Reasons You May Need to Sell Your Home
With so many reasons to sell your home including job relocation, costly repairs or to stop the bank from repossessing your home you can get paid cash no matter the condition of your home.
Maybe you have a new job, upgrading to a bigger home or moving closer to the family. These are a few reasons you might be relocating and need to sell your home.
Relocating usually means you have to sell your home.
Although you have the option of renting it out if you are moving out of state this might make maintaining and managing the house more of a headache. If the house sits there vacant in between renters you run the risk of squatters moving in because you aren’t in the area to keep an eye on your property.
2. Massive Repairs
If your house is in need of massive repairs this can cost tens of thousands of dollars plus months to fix. Fixing a home requires extra cash for unexpected surprises that come up.
Sometimes managing a fixer-upper can result in losing money especially if you live far away and can’t manage the work that is going on.
3. Fast Cash
If you are looking invest in another asset, buy a new home, build your bank account or have an unexpected expense that requires a good amount of money selling your house gives you the option of getting paid fast.
Finding someone that will pay cash and take care of cleaning and fixing will speed up the process of having cash fast.
4. Downsizing or Upgrading
Families change with time which comes with needed a different size home. Maybe your children moved out to college or your new family is growing. Either way, you might need a larger place or a smaller place to be more comfortable.
Many first-time buyers outgrow their home as soon as they begin to have kids to start a family. These life-changing events require a quick sale for homeowners.
5. Relationship Status Change
Whether it’s a marriage or a divorce this will require more space or less space in your home. If there is an engagement and both parties own a home one will need to do a quick sale before the wedding or right after.
On the other side of the token partners might decide to part ways and one party isn’t able to pay the mortgage on their own then a quick sale is usually required.
6. Problematic Tenants
If your home is currently rented out to difficult tenants you might want to look into getting rid of this headache ASAP. Problem tenants don’t own your home so they have no incentive to take care of it.
Tenants require last-minute repairs, late night emergency calls, or sometimes needing an eviction attorney if your tenants decide to stop paying their rent. If you are a tired landlord selling your home is probably the best option.
If you find yourself in a financial situation where you can no longer pay for your home and start to fall behind in payments the bank will repossess the home and not pay you anything that you have paid so far.
If you are falling behind each month and your late payments are piling up selling your home quick will get you out of this burden and stress.
8. Neighborhood Changes
After some time neighborhoods change. The neighborhood you fell in love with when you bought your home is no longer the same. Possibly school zones changed, a new highway was built too close, or crime rates increased that has you looking at a new neighborhood.
Possibly your neighbors themselves changed and you are ready to move on and begin a new chapter. Sometimes these changed require a quick sale to find happiness in a new neighborhood.
9. Citations and Violations
If your house has had months where it’s not well cared for or lacks the permits your county or city require you might have had citations that accumulated. Sometimes these violations can be for the grass being too long or renovations without permits.
These fines can add up to thousands of dollars and if they add up without paying the city can re-possess your home. Selling it quickly is a better option than losing your home to the city.
10. Back Taxes Accumulating
Financial changes might have caused you to stop paying property taxes. Taxes can add up rather quickly and the debt can become overwhelming and unmanageable in some cases higher than your mortgage payment.
If back taxes accumulate for too long the city auctions the house off to the highest bidder. Selling your home before the house is auctioned off is a smart move and stress off your shoulders.
Ready to Not Deal with House Problems?
If you have been dealing with any of the problems listed above and are ready to sell your home finding a professional cash home buyer is a perfect option. They usually specialize in removing financial burdens from your home.
Ready to close on your home and not deal with cleaning and fixing it up? Contact us to see what we can offer you for your home.