Whether you overpaid for the property in a bidding war, you’ve fallen behind on mortgage payments, or property values have dipped, being upside-down on your mortgage or owing more than the current market value is a less-than-ideal situation for homeowners. If circumstances force you to sell your house instead of waiting out a market turnaround … Continued
Owing more than your house is worth is not a favorable position if you should need to sell, even more so if you are under pressure to sell quickly for personal or financial reasons. Often already under a great deal of stress, taking on the sale of a house can seem like an overwhelming proposition. … Continued
When your mortgage is underwater, the amount you owe on the mortgage loan is more than the property’s current market value. So, of course, it’s best to ride out the changing real estate market and stay in the home for several years to allow equity to build. However, many motivating factors lead homeowners to sell, … Continued
Equity is a driving force in building wealth, and selling your house before building any equity can be disheartening and sometimes leaves sellers owing money at the closing table. So read on as we explore selling a house with no equity in Puerto Rico. Short Sale After attaining the approval of their lender to sell … Continued
The law requires specific disclosures about the property with every home sales transaction wherein the owner makes a statement regarding any issues you are aware of that could affect the value or full enjoyment of the property. These sellers’ disclosures include information for the safety and protection of the new occupants, such as lead paint … Continued
Suppose you’re not in a financial position to ready your home for listing on the market, and you’re in a hurry to receive the proceeds from the sale. In that case, unless your house is new or like new, you may be concerned about how your home will fare with the traditional listing process. Another … Continued
It’s time to sell if you have outgrown your house; however, that is easier said than done. When you sell a house, there are many decisions to make, and it can be overwhelming to figure out where to start or what step to take first. If you should find yourself in this boat, read on … Continued
When you are ready to sell your house, if you are like most home sellers, your immediate thought is to find a real estate agent to list your home. Unfortunately, the listing process is fraught with expenses that you should keep in mind as you calculate your potential profits on the sale of your house. … Continued
Proper planning can allow you to avoid the shock and consequences of the actual costs of selling your house. In addition, this data can serve you by helping you make an educated decision about the best sales method for your circumstances. So read on as we explore these five unexpected costs you may face when … Continued
Sellers face many challenges, from deciding which sales method suits their circumstances to when to list their house on the market. Winter can bring the need to change your approach to how you handle a variety of tasks. If you’re selling your house in Puerto Rico during this season, information about handling these tests of … Continued
If you’re concerned about your property going into foreclosure due to circumstances beyond your control, the optimum scenario would be to work with your lender for a resolution before things go any further. However, going through the foreclosure process can be made easier when homeowners understand what lies ahead, so read on as we explore … Continued
Sometimes plans don’t come to fruition, and investment property can become a burden, depleting your time and funds. If you’re holding an unwanted investment property, you can take steps to exit the property quickly. Likewise, if you’ve inherited real estate and it’s draining your wallet and wearing on you emotionally, as challenging as it may … Continued
Estás tratando de vender una casa en Puerto Rico que simplemente no se vende? Sin embargo, las noticias dicen que el mercado inmobiliario se está calentando. Los medios prácticamente están gritando de nuevo sobre múltiples ofertas, alta demanda y precios récord. Entonces, ¿dónde está tu contrato? Estos consejos podrían ser justo lo que necesitas para … Continued