If you’ve missed a mortgage payment or two and are concerned that the bank may foreclose on your home, take heart. There are things you can do to avoid foreclosure. No one wants a home foreclosure—neither you nor your lenders. Your lender wants payment, not a house. They may be flexible in helping you keep your home. If all else fails, you may find that selling your house is the best solution for you.
The landlord laws in California are some of the strictest in the nation and, though it’s not overtly stated in the statute, these laws clearly favor the rights of renters. If you’ve ever been a tenant anywhere in California, you’ve probably benefited from these laws, whether you realized it or not. As a landlord, however, it’s possible you’ve found that the perk of receiving passive income every month isn’t worth the paper it’s printed on—especially when you’ve had to struggle with troublesome tenants. If you’re in a tough spot now with a rental, and are wondering how to best deal with occupants who are increasingly a problem, it’s important to consider first how the state’s landlord laws could impact your decisions as a landlord.
Selling a house is a big undertaking, and it can be even more complex when you’re selling a home that needs major repairs. Most homebuyers are looking for a house that is move-in ready. So if your property is going to turn up expensive issues on an inspection—if it needs a new roof, new floors, or HVAC repairs, for example—it can be at a major disadvantage on the market. But there are a few different options when it comes to selling that house. You may want to renovate the house before you sell it. You may list it without making renovations. Or you might sell your house directly to a real estate investment company. Each of these choices requires different actions from you and can lead to different results, so you’ll need to pick the one that best suits your situation.
The number of homeowners trying to sell their property themselves seems to have increased in recent years. If you have a home you’re looking to put on the market, you might be considering the same. Perhaps your property in Victorville’s been sitting vacant since you moved to San Diego to be closer to the grandkids. Or you’ve been renting out your second house in Clovis to tenants for a while, but being a landlord has become a burden. Selling it yourself lets you avoid making repairs while attracting potential buyers who want a fixer-upper deal. Forgoing the expense of hiring a real estate agent might be one way to save some cash, time, and effort. Whatever your case may be, if you want—or need—to sell your property fast and at the best possible price, you’ll need a few “For Sale By Owner” tips and tricks to make it happen.