Cash for home buyers in Erie can help you avoid these pitfalls by offering a fair price regardless of possible damages. We will assess your home, consider the renovations needed to relist the property, and quote you an up-front cash payment equal to the exact value of your property. If you need to sell my house fast in Erie, this is the best option for you and your family. You can walk away with a profit and we’ll take the home off your hands.
Liens on Your Property
If you’re struggling to pay for renovations, you may have other financial problems that have affected your chances of selling. Struggling to keep up with mortgage or tax payments could end up creating a lien out against your property. A lien is a legal claim against your home, placed until you can pay back the required amount on your loan or back taxes. Unfortunately, having a lien on your property complicates the selling process because a third party has direct legal claims to part of your home. You cannot sell until you’ve settled the lien. This means you have to work with the lienholder to get the sale approved and completed. If they deny your request, you’ll have to settle the lien before you can sell.
Even if approved, the lienholder may have specific requirements that must be met in order for the sale to go through, such as getting their approval for the buyer or having the money from the sale go directly to them. Typically, though, a portion of the sales go to paying off the lien, cutting into any profit you may have earned. Beyond simply settling the lien, though, many buyers are unwilling to purchase a home with strict financial regulations. Buyers often don’t like that they have to work with a lienholder and are wary of entering into negotiations given the circumstances. If you have a lien on your property, you’re not out of luck! We can help!!
Brotherly Love Real Estate is very are used to working under these conditions. Homeowners typically pay off any outstanding liens or debts against the property on the closing date – they use proceeds from the sale so that nothing comes ‘out of pocket’ for them. You can walk away from your property and sell it to us in a few short weeks. Pay off your debt and walk away from the property. For anyone that has thought that I need to sell my house fast in Erie, contact our company today to receive a cash offer.
Tenants Who Refuse to Move
Maybe you don’t actually live in the property you’re trying to sell. If you’re a landlord trying to sell a rental property in Erie PA, you know that it’s a full-time job maintaining the property despite not even living there. If you’re tired of the responsibility and want to cash out, your tenants could complicate things. Pennsylvania has strict tenant laws that generally benefit the tenant over the homeowner. You can’t simply evict your tenants just because you want to sell. They have to either break the housing contract, fail to pay on time, or, finish out their lease. Until then, you’re stuck paying the mortgage and maintaining the property while they live there.
There are a few workarounds but they’re not exactly easy:
- You could sell the property to a new housing manager, allowing the tenants to remain in the home under a new landlord.
- You could sell the property directly to your tenants. If they’ve been living in your property for many years now, they may appreciate the chance to directly buy their home.
- Sell to a cash home buyer – Brotherly Love Real Estate
Cash home buyers are used to dealing with tenants and will gladly take over your lease. This also benefits your tenants because you won’t have to keep bothering them every time someone wants to view your house. Simply let us check the home once and we’ll make you an offer. From there, we’ll handle your lease and you can move on with life.