Life has a funny way of throwing curve balls when we least expect them, and for some homeowners, these unexpected situations may impact their ability to continue residing in their current residence. In part one of this series, we reviewed how issues like sudden changes in employment status or catastrophic damages can prompt homeowners to consider selling their home, and how quick home sales can be advantageous in these instances. Today, we will continue with our discussion by reviewing five more circumstances which may warrant quickly selling your home and how you can best go about doing so.
If you’re a resident of the Kansas City area who needs to sell your home as quickly as possible, KC Property Group is here to help. We are a local premier property investment group, and we specialize in several types of real estate transactions that are designed to alleviate homeowners of their property quickly while putting cash in their pockets at the same time. To request your fair cash offer, contact our team at 816-286-4204 now!
Managing a profitable rental portfolio can be challenging, and if you have ever been a landlord, you know all too well that all tenants are not created equal. Some tenants may pay their rent late on a habitual basis and others may cause damage to the property. Unfortunately, some tenants’ rights laws make it difficult to evict renters, even those who are in violation of their lease. If you feel like you’re stuck between a rock and a hard place with your rental property, selling it to a real estate investment company can provide a profitable workaround for your situation.
Death of a Family Member
In our previous article, we reviewed how changing family dynamics, such as divorce, can be the catalyst for a homeowner to quickly sell his or her home. In a similar vein, the death of a family member can have the same effect. If the primary income earner suddenly passes away, the grieving spouse may be unable to carry the mortgage alone in the absence of adequate life insurance. Additionally, the death of a family member carries such an emotional weight that it can be difficult for some surviving family members to remain in the same home, and a quick sale may be just what they need to begin moving forward.
Upon their death, many homeowners bequeath their home to family or close friends as a final expression of their love. Many people appreciate the gesture and view the inheritance as a blessing. However, if you live in one of the six states that collect inheritance taxes, unexpectedly inheriting a home may be burdensome financially. Kansas doesn’t currently impose these taxes, but if you inherit a home that is one of the states that does, you may receive a tax bill. If you do not want the property, selling it to a home investor can help alleviate your burden.
Have you inherited a home that is in Iowa, Kentucky, Maryland, Nebraska, New Jersey, or Pennsylvania? You may be asked to pay as much as 10 to 18 percent in inheritance taxes on the property. The team at KC Property Group specializes in inherited home sales, and we can help. Contact us today to request a property assessment.
Between yard maintenance, interior repairs, and other housekeeping tasks, homeownership is a job that requires a lot of physical work. What would happen if you suddenly found yourself lacking the physical ability to properly care for and maintain your home? For homeowners who experience sudden health problems or serious injury, taking care of their home as they once were able to may not be possible. Selling the home quickly to a home investor may provide these homeowners with a unique and profitable solution.
Finally, financial strain is something that many homeowners have become accustomed to lately. Even with an upturn in the economy, some homeowners are still struggling to put food on the table and make ends meet. Whether it is because their position at work has been eliminated or they lack the skills to compete with a younger workforce, many find that their monthly mortgage payment causes a financial strain. Quick home sales outside of the traditional real estate market can provide the much-needed wiggle room for homeowners who are struggling financially.
Fast Home Sales in Missouri
Ready to rid yourself of an unaffordable or unwanted property? Regardless of why you need to sell your Kansas City home quickly, the team at KC Property Group can help. When you call us, we’ll conduct market research on your property, schedule an appointment to view your home, and complete an in-person assessment. All of this allows us to make a fair, educated cash offer on your home. Quick home sales have never been easier — call 816-286-4204 today to get started!