Homeowners in Boca Raton sell their houses every day. The motivation to sell property varies for each person. You could be downsizing when the kids move out, or upgrading after having twins! Perhaps the neighborhood has changed and you just want a fresh start.
Sometimes, you may need to sell in Boca fast due to a stressful situation. You have to get rid of that piece of real estate pronto!
Several situations exist where you need to sell fast . . .
This blog tackles the top 5 reasons that homeowners need to sell their Boca Raton house fast!
We Buy Houses
Call Us (954) 676-1846 Send Text Send Text Send Text Send Text Send Text Send Text Send Text or Fill Out This Form For Your FAIR Offer.
Probate.
Did a family member pass away and you’re stuck with unwanted Boca Raton house? inherited property is frequently disrepair where the elderly understandably struggle with maintenance.
What is probate? According to LegalZoom, “probate is the legal process through which a deceased person’s estate is properly distributed to heirs and designated beneficiaries and any debt owed to creditors is paid off. In general, probate property is distributed according to the decedent’s last will and testament, if there is one, or according to state law if no will exists.”
There are quite a few reasons people need to sell their probate property: (1) you didn’t choose the house; (2) the property is far away from your home; (3) disagreement among siblings; (4) disrepair due to delayed upkeep; (5) unpaid bills like mortgage, taxes, HOAs fees; (6) lengthy and frustrating legal proceedings; (7) a cash sale is the easiest way to distribute assets among heirs.
Foreclosure.
Are you behind on your mortgage? Did the bank send you a notice of foreclosure, or begin legal proceedings to re-possess your house?
What is foreclosure? Credit.com defines it: “Foreclosure is a legal process where a creditor (i.e., a lender or mortgage holder) can repossess or sell property for the purpose of repaying the debt owed on that property. Mortgage holders can foreclose on a property after the borrower misses payments on the mortgage, unless otherwise set out in the mortgage or in the state where the property is located.”
When you’re in foreclosure, it’s common to consider a house sale. The bank will take your home – leaving you without a penny for the house – if you are unable to catch up on missed mortgage payments. Got good credit? Foreclosure is one of the worst negative credit and stays on your credit report for 7 years. You may be unable to access new lines of credit (including a home mortgage) for years to come. You protect your credit and can walk away with some cash in your pocket by selling prior to foreclosure.
Even if the house is under water (i.e. the debt is larger than sale price) you have options such as bringing to avoid foreclosure. You can work with the bank on a short sale, loan modification, refinance, payment plan/forebearance, or deed-in-lieu of foreclosure. Other options include renting out the property, bankruptcy, or finding a creative way to get payments current.
Eviction/Problem Tenant.
Tenant not paying rent? Violations lease provisions? Fighting with neighbors or building staff? You may be pondering whether to evict or sell “as-is” . . .
FindLaw explains an “eviction is a process whereby a landlord removes a tenant from a rental property. It may be as simple as a notice to the tenant with an explanation of the eviction and the final date by which he or she must move out, or it may escalate to a legal dispute. Thus, the length of time the eviction process will take is determined largely by your particular situation. Tenants generally are allowed more time if the eviction is without cause, as opposed to evictions with cause.”
A great solution to a problem tenant is selling before eviction. You can save money on legal fees, on-going property damage, frustration, as well as stopping monthly losses from a non-paying tenant. This is particularly advisable if you are not a professional landlord, inherited a tenant occupied property, or are just tired of dealing with tenants. Selling a Boca Raton house fast is ideal in these scenarios.
Relocation.
Moving away from a Boca Raton residence? Perhaps you got a new job, or just want to live somewhere else. In either case, you might be stuck with your house and no longer able to care for it. You have a few options when relocating. You can sell a property while relocating, settle for paying payments on two houses (if you can afford it!), or enter a lease to become a landlord.
Divorce.
Unfortunately, marriages sometimes come to an end. Legal divorce proceedings are the result.
Divorce is defined as “the termination of a marriage, the canceling or reorganizing of the legal duties and responsibilities of marriage, thus dissolving the bonds of matrimony between a married couple under the rule of law of the particular country or state.” Divorce normally requires a court order, and resolves issues such as spousal support, child custody/visitation, division of debt, and distribution of property.
Couples often purchase a house with both their names on the title, or both have equitable interests in the home. Where there is no agreement as to who can live in the home, or neither person wishes to remain there, one solution is selling during divorce and dividing the sale proceeds.
What is the fastest way to sell your house in Boca Raton? The quickest option for getting rid of property is selling directly to a Florida cash home buyer. For selling houses on an expedited basis, cash offers are superior to traditional mortgage financing. Mortgage can take weeks, even months to get approved. They can fall apart at the last minute, restarting the sale process, and you keep paying the mortgages, taxes, utilities, and on-going maintenance.
We Buy Houses
Call Us (954) 676-1846 Send Text Send Text Send Text Send Text Send Text Send Text Send Text or Fill Out This Form For Your FAIR Offer.
