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Can Someone Please Buy My Abandoned House?

Can Someone Please Buy My Abandoned House?

There are hundreds of abandoned homes throughout the Cincinnati, Ohio, area. Many of these homes are left abandoned for several years without any claim from the previous owners. Owners often abandon homes because they either can’t keep up with the mortgage payments, can’t sell the house, or can’t afford the upkeep.

If you currently have a vacant property and can’t seem to sell your vacant house in Cincinnati, Ohio, there may be an option for you to get out of your property with a cash sale. You can sell your vacant house for cash to a company that buys houses in Cincinnati, Ohio.

What Is an Abandoned House?

From a legal perspective, abandoned property is a piece of the property turned over to local or state agencies due to negligence, the threat of harm, or inactivity. Many of these properties go unclaimed by the last known previous owner. As a result, the local or state authorities take over the property and decide what to do.

Every state has different laws for handling a vacant house that has been abandoned. Laws cover key issues such as

  • Establishing that the house is abandoned
  • Discovering the reason for abandonment
  • Locating the owner
  • Notifying the owner that the state is taking over the property
  • Identifying any liens against the property
  • Finding the nearest relatives to the owner

The state will exhaust almost every other possibility before condemning the house or claiming it to be legally abandoned property.

Why Do Homeowners Abandon Houses?

There are several reasons a homeowner may abandon a house in Ohio.

Repair and Maintenance Costs

One of the most common reasons for a homeowner to abandon a house is because it costs too much to maintain. An older house may need major upgrades – electrical plumbing, framework, roofing, flooring, and HVAC. The cost of these upgrades can be too much for the homeowner to handle financially.

The House Was Condemned

A house may look perfectly fine on the outside but have issues on the inside that are severe enough for the city of Cincinnati to condemn it. A house is usually condemned due to environmental issues, health hazards, or the scene of a criminal investigation. Whatever the reason, the owner chose to leave the house for good.

Foreclosure or Bankruptcy

Another reason a person might abandon a house is legal action against the house because of financial hardship. If the lender forecloses on the house because of late mortgage payments, the owner may give up and decide they don’t want to fight the bank. Sometimes an owner will leave before the foreclosure process begins.

Unwanted Inheritance

When a loved one dies, the surviving family members must bring closure to the person’s finances and estate. In some cases, a house was left to a beneficiary that doesn’t want the house or the hassle of selling the house. They may abandon the house and let the state take it over.

Can I Sell My Vacant House Instead of Abandoning It?

If you have been trying to sell your vacant house fast in Cincinnati, Ohio, but can’t find a buyer, you may want to try a cash sale with a company that buys houses in Ohio. You simply contact the buyer in a cash sale and set up a quick walkthrough. The buyer appraises the house’s current market value and makes an offer.

If you accept the offer, you close the sale, pick up your check, and walk away with no strings attached. You sell your vacant house as-is – no repairs, inspections, or upgrades are necessary. Plus, you pay no closing costs, and you don’t have to hire a real estate agent.

Sell Your Vacant House As-Is to Neighborhood Enrichment

If you need to sell your vacant house as-is, contact Neighborhood Enrichment. We buy vacant houses as-is in Cincinnati, Ohio. Call 513-285-9032 to get a fast cash offer.

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What Are the Benefits of Accepting a Cash Home Offer on Your House

What Are the Benefits of Accepting a Cash Home Offer on Your House

There are three main ways to sell your house in Cincinnati, Ohio. First, you can hire a real estate agent to market your house, manage the sale, and broker the sale at the close. Second, you can attempt a For Sale by Owner where you manage the home sale yourself without hiring a real estate agent. 

The third option for selling your property is to sell your house as-is for cash to a company that buys houses in Cincinnati, Ohio. Although hiring a real estate agent is the most popular way to sell a house, it may not work for you. A cash home sale gives you the flexibility to sell your house fast in Cincinnati and get out of your mortgage.

Is It Better to Accept a Cash Offer on a House?

Every home sale is unique and should be treated as such. So, it’s impossible to say if a cash home offer is your best option. However, there are three benefits of accepting a cash home offer on your house.

1. You Don’t Have to Wait to Find a Qualified Home Buyer

A traditional home sale can take months because you may have to go through several potential buyers before finding a qualified home buyer. A cash home sale solves this problem. Instead of working with many potential buyers who may or may not follow through, you work with a single pre-qualified, professional buyer you can depend on.

A company that buys houses has worked with hundreds of motivated home sellers. They know how to appraise a house, negotiate a deal, and commit to a sale. If a buyer makes an offer, they are prepared to follow through. You don’t have to worry about them backing out. Plus, you can be confident that they have the funding to pay cash for the house.

2. You Don’t Have to Spend Money to Sell Your House

A traditional home sale is expensive.

  • Realtor commissions (5% to 6% of the sale price)
  • Closing costs and fees
  • Home repairs or home improvements
  • Marketing and promotion
  • Staging costs
  • Appraisals and inspections

You’ve already lost thousands of dollars in selling costs by the time you find a buyer and close the deal. As a result, you didn’t make near the profit you expected. A cash offer eliminates these expenses. 

The house-buying company will agree to pay all closing costs in most cases. So, you don’t pay a dime to sell your house. Instead, you pick up the check and walk away with no strings attached.

3. Sell Your House Regardless of Your Situation

Selling your house can be difficult if you are experiencing financial hardship or a legal issue. 

  • Bankruptcy
  • Foreclosure
  • Job relocation
  • Divorce
  • Probate
  • Bad tenants

If you are tied up in a legal case such as bankruptcy, divorce, or foreclosure, you may not be able to sell your property the traditional way if you need to sell your house fast. The main reason for this is that you have to go through several steps to make the sale happen.

When you deal directly with a cash buyer, you eliminate all the steps to a home sale. In many cases, the buyer will assume responsibility for any problems with the house, allowing you to walk away. It’s the quickest and easiest way to get out of your mortgage and possibly prevent you from having to file for bankruptcy or go through a foreclosure. 

Get a Cash Offer on Your House in Cincinnati, Ohio

Do you need to sell your house fast in Cincinnati, Ohio? Contact Neighborhood Enrichment today. Let us appraise your property and make a fair cash offer. We buy houses as-is. No repairs or home improvements are necessary. Call 513-285-9032 to get a fast cash offer.

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How to Sell Your House Without a Real Estate Agent

How to Sell Your House Without a Real Estate Agent

Hiring a real estate agent to sell a house is considered a standard in the Cincinnati, Ohio, market. There are several reasons for this. An agent can manage the marketing and selling of the house, help you find a buyer, give you some good advice, and protect your interests when negotiating with buyers.

However, an agent costs nearly six percent of the home’s sale price in commissions. Plus, an agent cannot guarantee when or if you will sell your house. If you need to sell your house fast or need to get out of your mortgage, an agent may not be able to speed up the process if no buyer is knocking on your door.

Without an agent, there may be a better way to sell your house in Cincinnati, Ohio.

Sell Your House Directly to a Company That Buys Houses in Ohio

A company that buys houses is a team of professional buyers that can make an offer on your house, pay cash, and close the sale quickly. You sell your house directly to the buyer without a real estate agent to broker the deal. So, the transaction is personal and private. This type of real estate transaction is known as a cash home sale

A cash sale is the easiest way to sell your house and only requires a few steps.

  • Contact the buyer to set up a Q&A over the phone or a property walkthrough.
  • Let the buyer appraise your house based on its current market value.
  • Get a fast cash offer from the buyer, usually within 24 to 48 hours.
  • Accept the offer, sign the paperwork, and close the sale.
  • Get paid by the company.

A cash sale requires fewer steps to land a deal with a buyer. You don’t have to hire a realtor, list the house, repair and stage the house, find a buyer, negotiate the sale, and close the sale. Instead, you simply accept an offer from a pre-qualified, professional buyer and close the sale. 

Why Can I Just Do a For Sale by Owner (FSBO)?

Although you eliminated a real estate agent from a For Sale by Owner, there is a difference between an FSBO and a cash home sale. You have to do the following in an FSBO:

  • Repair or upgrade the property
  • List the house on the market
  • Find a buyer
  • Negotiate the terms of the sale
  • Close the sale

In an FSBO, you still have to make repairs, deal with multiple potential buyers, market the house yourself, and pay closing costs. A cash sale eliminates all these expenses and needless steps to selling your house and getting out of your mortgage. 

What Are the Benefits of Selling My House Without a Real Estate Agent?

There are several advantages of selling your house without a real estate agent.

You Don’t Have to Pay Realtor Commissions

A real estate agent typically pulls in five to six percent of commissions on a house sale. Let’s say you sell your house for $200,000. A six percent commission would be $12,000. That’s a lot off the top of your sale price. There is no real estate agent in a cash sale. You don’t have to pay commissions.

A Cash Sale Is Guaranteed

Even the best real estate agents cannot guarantee if and when you will sell your house. You can do all the right things, and it can still take months to find a buyer. A cash sale is guaranteed. Once the buyer makes a cash offer, they will follow through with the purchase. You don’t have to wait around, hoping someone will call to look at your house.

Skip the Realtor and Call Neighborhood Enrichment Instead

Instead of hiring a real estate agent to sell your house, call Neighborhood Enrichment. We can appraise your property, make an offer, and close the sale in as little as seven to 21 days. Call 513-285-9032 today to get a fast cash offer.

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When Should I Consider a Cash Home Sale?

When Should I Consider a Cash Home Sale in Ohio?

There is never a bad time to sell your house as-is for cash. However, you should consider a cash home sale in situations where you need to sell your house fast and get out of your mortgage. A cash sale is a better alternative to a traditional home sale in urgent circumstances because you eliminate the steps associated with a traditional sale.

For instance, if you are going through a financial crisis, a significant life change, or a legal issue, a company that buys houses can guarantee a quick sale. In many cases, a professional home buyer can close on a deal and put cash in your hands in as little as seven to 21 days. 

Bankruptcy

Not all bankruptcies demand that you give up your house. You may be able to refinance your house and get lower payments each month. However, if you don’t want your house, a cash home sale can give you the money you need to pay your debts and possibly avoid foreclosure altogether. 

Foreclosure

If you have late mortgage payments and can’t catch up, the bank may foreclose on your house and sell it at auction. You may have some options, such as a short sale, forbearance, or refinancing. However, if you no longer want the house, a cash sale can help you get out of your mortgage faster and possibly avoid foreclosure.

Bad Tenants

Few things are as stressful as dealing with tenants you can’t evict. You can walk away from your rental house with a cash sale if you’ve gone through your share of bad tenants. You can sell your rental house legally if the buyer is willing to assume responsibility. Plus, you don’t have to make repairs or upgrades to the rental property.

New Job

Your current house can make job relocation more stressful than it already is. You may be trying to live and work in one town while selling your house far away in another location. A cash home buyer can take your house off your hands faster, giving you and your family the freedom to move on with your new job and life.

Probate

When a loved one dies, your family is responsible for managing their estate, including any leftover debt or taxes. Fortunately, you can sell your inherited house fast for cash and use the proceeds to pay off the remaining debt and distribute the remainder to all beneficiaries in the will. A cash sale allows you to close your probate case quickly.

Downsizing

If you want or need to downsize your house, doing so may be harder than you think if you can’t sell the property. If you sell your house as-is for cash, you can use the proceeds to buy a smaller house. You don’t have to spend money on your current house or wait around to find a buyer. It’s the best way to downsize without worrying about repairs, closing costs, or realtor commissions.

Divorce

Divorce is already painful and stressful. The last thing you want to worry about is your house. A cash sale makes it easier for you and your ex-spouse to unload the property so you can get through divorce proceedings faster. It is especially helpful if you are going through bankruptcy or foreclosure.

Sell Your House for Cash to Neighborhood Enrichment

Before you decide how to sell your house, explore the benefits of a cash home sale over a For Sale by Owner. Call Neighborhood Enrichment at 513-285-9032 to get a fast cash offer.

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Cash Home Sale vs For Sale by Owner

Cash Home Sale vs. For Sale by Owner

If you are looking for an alternative to a traditional home sale, you may be considering a For Sale by Owner (FSBO). A For Sale by Owner gives you more control over your house and how you want to sell it. However, an FSBO also comes with a greater risk, more responsibilities, and, possibly, a higher financial commitment. 

A viable alternative to an FSBO is a cash home sale. In a cash sale, you work directly with a buyer willing to pay cash for your house as-is. The financial commitment is much lower, and there are fewer sales steps. Below, we compare a cash home sale vs. For Sale by Owner to determine which may be the best option for you.

What Is a For Sale by Owner?

In an FSBO, the house owner sells the property without the help of a real estate agent or real estate broker. In other words, no moderator is brokering the transaction. The seller works directly with the buyer or the buyer’s real estate agent. 

An FSBO sale is similar to a traditional home sale in that the seller lists the house on the market, prepares the house for a sale, and pays closing costs. The only difference is that they do not hire a real estate agent to find a buyer. 

An FSBO typically involves the following steps:

  1. Make repairs or home improvements to the house.
  2. Schedule a home inspection.
  3. List the house on the market.
  4. Stage the house for showings.
  5. Find a qualified potential buyer.
  6. Negotiate the terms of the sale.
  7. Close the sale.

On average, a For Sale by Owner takes six to 12 months when you include the prep time, finding a buyer, and closing the sale.

What Is a Cash Home Sale?

A cash sale is a private real estate transaction between a home seller and a company that buys houses. The home buyer makes a cash offer and closes the sale. Since the transaction is private, no real estate agent or real estate broker is involved in the transaction. 

A cash home sale typically involves the following steps:

  1. The buyer looks at the property to determine interest in the sale.
  2. The buyer makes a fast cash offer.
  3. The seller accepts the offer.
  4. The seller schedules a close date with the buyer.
  5. The seller and the buyer close the sale.
  6. The buyer pays the seller.

On average, a cash home sale takes seven to 21 days to complete. There is no prep time, no repairs, and no closing costs or realtor commissions.

Is a Cash Sale or an FSBO Better For You?

A cash sale and an FSBO are similar in that they both eliminate the real estate agent. So, you don’t pay realtor commissions. The biggest difference is that you still pay for repairs and closing costs in an FSBO. Plus, you do all the work that a real estate agent would normally do for you if you sell your house independently.

Which is better for you – a cash sale or an FSBO? The answer depends on the circumstances of your sale. If you are highly motivated, have plenty of resources, and are not concerned about when your sells, you may want to consider an FSBO. However, if you need to sell your house fast and don’t want to go the traditional route, a cash home sale may be your best option.

Look at the comparison below:

 

Realtor

For Sale by Owner

Commissions Fees

6 percent

Zero

Closing Costs

Pay up to 100%

Pay up to 100%

Appraisal Required

Yes

Yes

Showings

Yes

Yes

Repairs/Renovations

Yes

Yes

Average Selling Time

60 to 90 days

6 to 12 months

A cash home sale also gives you more flexibility if you are in a situation where you need to sell your house fast and get out of your mortgage. You can still sell your house during bankruptcy, foreclosure, probate, or divorce.

Sell Your House for Cash to Neighborhood Enrichment

Before you decide how to sell your house, explore the benefits of a cash home sale over a For Sale by Owner. Call Neighborhood Enrichment at 513-285-9032 to get a fast cash offer.

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What Are Companies That Buy Houses in Cincinnati, OH?

What Are Companies That Buy Houses in Cincinnati, OH?

When you decide to sell your house, your first thought may be to do a traditional home sale. In a traditional sale, you hire a real estate agent, list the house, and hopefully get into a bidding war with buyers with a sizable profit as your end game. If that’s your strategy, you’re not alone. Most home sellers go the traditional route when selling a house.

However, if the traditional home-selling method doesn’t work for you, or your circumstances make it difficult, you can work with a company that buys houses in your area. The company appraises your house, makes a cash offer, and buys your house as-is. You make no repairs, pay no closing costs, and don’t have to hire a real estate agent.

What You Need to Know About Companies That Buy Houses

Companies that buy houses are essential for local home buyers that are looking for real estate investment opportunities. Like any other investor, the company hopes to make a profit.

However, home buyers differ from other buyers, such as iBuyers, investors, or brokers. These differences distinguish home buyers and why you should choose them when selling your home.

House-Buying Companies Are Seasoned Buyers

The best companies that buy houses in Cincinnati have been around. Over several years, they have engaged in dozens of real estate transactions with home sellers. Many of them have worked in the real estate industry before buying and selling houses. They have also built a solid reputation with home sellers, partners, and real estate professionals in the area.

House-Buying Companies Work with You Regardless of Your Situation

If you have an old or damaged home or are in a situation that makes it difficult to sell your house, the average buyer will not even look at your property. A professional home buyer works with sellers in all types of situations: foreclosure, bankruptcy, probate, divorce, new job, downsizing, rental houses, etc. You have more flexibility and options to sell your house fast.

House-Buying Companies Speed Up the Home-Selling Process

A traditional home sale can take months to complete. It may be too much for you to handle when you consider everything you have to land a deal – home repairs, hiring a realtor, listing and staging the house, finding a buyer, negotiations, and finally, closing the sale. A company that buys houses speeds up the process by eliminating nearly all these steps.

House-Buying Companies Are Not Real Estate Agents or Brokers

Home buyers do not broker or moderate real estate deals like agents or brokers (although some buyers have their realtor license). In other words, buyers do not make a commission off the sale. Instead, they are the ones that buy your house. The transaction is exactly like selling your house to any buyer without an agent in the middle.

House-Buying Companies Are Dependable

You may get an offer from a buyer claiming to be in the “process of getting a loan.” However, the deal falls through because the buyer didn’t get the loan, leaving you to start over with another buyer. This can happen multiple times when you sell your house, and it can be frustrating. Professional buyers are already pre-qualified and ready to move forward with buying your house the instant they make an offer.

Sell Your House As-Is for Cash to Neighborhood Enrichment

If you need to sell your house and want to work with a reputable buyer, then contact Neighborhood Enrichment. Let s appraise your house and make a fair cash offer today. Call 513-285-9032 to get a fast cash offer today.

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What Are the Steps in a Cash Home Sale?

What Are the Steps in a Cash Home Sale?

You may see signs all over your town that read

“We buy houses as-is.”

“We pay cash for houses.”

“Sell your house today.”

“Sell your house as-is for cash.”

“Sell your house fast.”

The question in your mind is, “What do those signs mean and who are the people that post them?” 

The answer to that questions is this: 

  • The signs are for cash home sales.
  • The people putting the signs up are companies that buy houses.

What Is a Cash Home Sale in Cincinnati, OH?

It’s simple. A cash sale is a real estate transaction directly between you and the buyer. There is no broker or real estate agent to mediate the transaction. Since the buyer is paying cash, you sell your house as-is. You make no repairs or upgrades. Plus, you can sell your house for almost any reason regardless of your situation. 

In a cash sale, the buyer makes an offer on your property. If you accept the offer, you schedule a quick close date, sign the paperwork, and walk away with no strings attached. Cash sales are popular with sellers because they can sell their houses faster without spending money on selling costs.

What Are the Steps to Closing a Cash Sale?

One of the reasons why Ohio home sellers love cash sales is because they offer a much simpler home-selling solution with fewer steps. The process looks like this.

Locate a Company That Buys Houses

You can ask around or go online to find a company that buys houses in your area. Make sure you work with a company that is experienced, reputable, and honest. The best house-buying companies offer fair cash offers and will never try to lowball you.

Get the Buyer to Look at Your House

Schedule a quick walkthrough with a home buyer. The buyer may ask you a few questions about the property before they arrive. They will also appraise the current value of the house. Feel free to ask questions during the visit. A good buyer will help guide you through the process.

The Buyer Will Make a Cash Offer

If the buyer is interested in the property they will make a cash offer. Most buyers will make an offer within a day or two so that you do not have to wait. A cash offer will come in at just under your house’s current value.

Close the Sale, Get Paid

Closing in a traditional home sale normally lasts 30 to 45 days. In a cash sale you can close in as little as a week. You simply meet with the buyer, sign the paperwork, and pick up your check. Or the buyer can make a payment transaction online.

Why Would I Choose a Cash Sale?

There are several scenarios in which a cash sale would make sense over a traditional home sale.

  • You are trying to avoid bankruptcy or foreclosure.
  • Your family needs fast cash to pay debt or taxes during probate.
  • You and your ex-spouse are trying to find the fastest way to sell your house during a divorce.
  • The tenants in your rental house are driving you mad, and you are ready to call it quits.
  • You just got a new job, and you need to relocate in two weeks.
  • Your house is damaged, vacant, or outdated.

In most of these scenarios, you need to get out of a difficult situation that makes it nearly impossible to sell your house on the market. 

Get a Cash Home Sale from Neighborhood Enrichment

If you need to sell your house fast, but can’t find a buyer, contact Ernest Home Buyers. Let us make a cash offer on your home today. Call 513-285-9032 to get a fast cash offer.

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4 Myths About Home Buyers in Cincinnati

4 Myths About Companies That Buy Houses in Cincinnati, OH

One of the most stigmatized segments of the real estate market are companies that buy houses as-is and pay cash. There are several reasons for the stigma, but it a lot of it comes down to misinformation and the fact that many home sellers do not know enough about house-buying companies to make an informed opinion about professional home buyers.

To be sure, the house-buying industry is not different from any other industry. There are some bad apples who are either greedy or downright criminal. They make it bad for the rest of us who are trying to actually help sellers in distress and run an honest business. For this reason, it’s time to separate fact from fiction. Below are five myths about companies that buy houses.

Myth #1: “Home Buyers Are Not Real Investors.”

The goal of any investor is to purchase a property and then turn it for profit. It doesn’t matter whether it’s the house on the corner or a multi-million dollar highrise downtown. You can call them whatever you want, but the concept still applies. 

Fix-and-flip, buy-and-hold, iBuyers, landlords, wholesalers – they may go about profiting from a real estate transaction differently. But, the end game is the same. So, home buyers are essentially investors. The main difference is that they work more one-on-one with the sellers. It’s a more personalized experience, building trust and relationships throughout the transaction.

Myth #2: “Home Buyers Buy Low and Sell High.”

This statement is not necessarily false. What is false is the implication behind the statement. When people say “Buy low and sell high,” what they really mean is that home buyers are trying to lowball you as much as possible to make a higher profit when selling the house. 

Companies that buy houses typically operate in the following way:

  • The buyer finds a seller that may be in a distressed situation.
  • The buyer appraises the value of the house.
  • The buyer makes a fair cash offer at a percentage of the house’s value.
  • The seller agrees to sell the house.
  • The buyer and seller close the deal.

An honest buyer will not try to take advantage of you and make the lowest possible cash offer on the house. Something else to keep in mind is that the buyer purchases the property as-is for cash; meaning you pay no closing costs, no repairs, and no realtor commissions. You save money in the process.

Myth #3: “Cash Home Buyers Are Only Looking for Certain Types of Sellers.”

This is one of those yes and no myths. Again, it may actually be true, but the implication behind the statement is false. 

Nearly every real estate investor has a niche or focus. Some buy only commercial properties, while others work exclusively with residential homes. Some buyers look for houses that are in near-pristine condition, while others like the challenge of getting a fixer-upper, putting the sweat to fix it up, and then turning it. 

The problem is that people lump home buyers into the same category. You may hear something like, “They’re only looking for vulnerable sellers desperate to get out of their mortgage.” While this may be the case with some buyers, it’s certainly not the standard operation with all buyers. 

The bottom line is this: All home buyers look for an investment. It’s as simple as that. What is different is the type of investment that appeals to each buyer. 

Myth #4: “A Cash Sale Can Take As Long As a Traditional Sale.”

This myth is most certainly false. Let’s put it this way: A long-selling and closing period defeat the function and purpose of a cash sale. The whole idea behind buying a house as-is for cash is to avoid a long selling process. It’s what makes a cash sale an appealing alternative to a traditional home sale. 

On average, a traditional home sale can take 60 to 90 days. Keep in mind that doesn’t usually include the time you have to spend making repairs and closing the sale once you find a buyer. For that, you can tack on another 60 to 90 days. By contrast, you can typically close a cash sale in as little as seven days. Realistically, you’re probably looking at one to two weeks to accept the offer and sign the paperwork.

Sell Your House As-Is for Cash to Neighborhood Enrichment

If you need to sell your house and want to work with a reputable buyer, then contact Neighborhood Enrichment. Let us appraise your house and make a fair cash offer today. Call 513-285-9032 to get a fast cash offer today.

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How to Sell Your House Fast After a Fire in Cincinnati, Ohio

How to Sell Your House Fast After a Fire in Cincinnati, Ohio

Fires always occur when you least expect them to. When they happen, they can cause extensive damage and thousands of dollars in repairs. Unfortunately, homeowners insurance companies do not always cover the cost of repairs, leaving you with no choice but to either assume repair costs or sell the house. 

If you try to sell your damaged house, you’ll quickly discover that no one will buy the house as-is. If they do want to buy the house, they will either try to negotiate a lower price or buy it on the condition that you make home repairs. So, the question is whether you can sell your damaged house as-is and how to do it without spending a lot of money on repairs.

Why It’s Hard to Sell Your House After a Fire

When your house sustains damage after a fire, its value plummets. Even if you make the necessary repairs, the property suffers from a stigma from both real estate agents and buyers. 

There are several reasons for this.

  • Some damage has gone unnoticed.
  • It’s hard to get rid of the smoky smell.
  • The fire may have resulted in a fatality.
  • The cost of fixing the damage is greater than the property’s value.
  • The fire was caused by arson or vandalism.

However, fire damage is not like water or wind damage. Other than the smoke, the damage is typically isolated to the areas burned by the fire. Everything else remains intact. But the damage is already done. As a result, selling your house on the market can be almost impossible.

The Cost of a House Fire

When a house fire occurs, the question in everybody’s mind is how the fire started – or, better yet, WHO started the fire. If the fire happened as a result of negligence or reckless carelessness, the insurance company may deny your property damage claim. 

If so, it can cost thousands of dollars to restore your home. The average cost of home restoration after a fire is $5,000 to $8,000. But it doesn’t end there, you’ll pay for a fire in other ways.

  • Home insurance rates may increase.
  • Your home warranty may be voided.
  • If you sell your house, you’ll spend money on repairs.
  • There may be legal penalties if you violated a law.
  • There may be a lawsuit if someone was injured.

How Can I Sell My Damaged House After a Fire?

If you can’t sell your house the traditional way, you can always explore alternatives. The best option for selling your house after a fire is to sell your house as-is for cash to a company that buys houses in Cincinnati, Ohio.

An experienced professional home buyer can look at the property, assess its current market value, and make a cash offer. The process is simple. Call the buyer and schedule a property walkthrough. If the buyer likes what they see, they will make a fast cash offer – usually within a day or two. If you accept the offer, schedule a close date and pick up your check.

Do I Have to Make Home Repairs to Sell My House for Cash?

No. You do not have to make home repairs. Why? Because someone who pays cash for your house is willing to buy it as-is in its current condition – even with the fire damage. Plus, it doesn’t matter how the first started or who started it. The buyer is interested in buying your house – that’s it. 

  • No repairs or restoration
  • No upgrades
  • No inspections
  • No appraisals.

The only exception would be if there was a pending legal investigation into the cause of the fire. However, even after the investigation was over, the buyer could still legally buy your house as-is for cash.

How Much Is My Damaged House Worth?

It depends. If you sell your house as-is without making repairs, the market value of the house will likely go down. How Much? On average, a home’s value decreases by ten percent after a fire. However, the extent of the fire and the condition of the house before the fire often determine how much value the property loses. 

For this reason, it is important to work with a reputable, honest company that buys houses in Cincinnati, OH. An experienced buyer will make a fair cash offer on your house without trying to lowball you or take advantage of your situation. Plus, a professional buyer is already pre-qualified. So, once they moved forward with the deal, it’s a safe bet that it will happen.

Sell Your Damaged House Fast to Neighborhood Enrichment

If your property was damaged by a fire and you need to sell your house fast, contact Neighborhood Enrichment. We buy houses as-is. No repairs or inspections are necessary. Call 513-285-9032 to get a fast cash offer.

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What’s the Fastest Way to Sell My Cincinnati House During Divorce?

What’s the Fastest Way to Sell My Cincinnati House During Divorce?

If neither you nor your ex-spouse wants to stay in the house after your separation, you can sell the house according to the terms of your divorce settlement. However, selling a house during divorce can only add to an already stressful situation if you can’t find a buyer or don’t have the money you need to get the house ready for sale. 

Fortunately, there is a way to sell your house fast so that both parties can get out of the mortgage and move on. Instead of hiring a real estate agent and listing your house on the market, you can sell your house as-is for cash to a company that buys houses in Cincinnati, Ohio. Read on to learn about the fastest way to sell your Cincinnati house during a divorce. 

How Do I Sell My House Fast During Divorce

If you are in the middle of a divorce and want to sell your house fast, here’s how you can find a buyer and close the sale quickly. 

Locate a Buyer in Cincinnati

You can find a company that buys houses in Cincinnati, Ohio, to make an offer on your house. Contact the buyer and let them know that you need to sell your house. Schedule a quick walkthrough of the property. It’s quick and free, and there is no obligation to sell your house.

Get a Cash Offer from the Buyer

Once the buyer has a chance to look at the property and appraise its value, they will make an offer if they want to move forward with a purchase. You can expect a cash offer within the next 24 to 48 hours. 

Close the House Sale

If you accept the offer, simply schedule a close date. You and the buyer will meet to sign the documents. The buyer gives you a check and pays you for the property. Most buyers also agree to pay up to 100 percent of the closing costs. 

How Is a Cash Home Sale Different from a Traditional Home Sale?

There are several ways a cash sale is different from a traditional home sale.

  • You sell your house without hiring a real estate agent.
  • There is no need to list your house on the market.
  • The buyer agrees to purchase the property as-is regardless of the condition.
  • You don’t have to schedule an inspection or make repairs.
  • Sell your house when you want, close in as little as seven days.

The two main things to remember about a cash sale is that it speeds up the process of selling your house, and you don’t have to spend money on closing costs, realtor commissions, or repairs and upgrades. You and your ex sell the house quickly and get out of the house with no risk and no strings attached. 

A cash sale can take the stress out of selling your house during divorce!

Can I Sell My House Legally During Divorce?

Yes, you can sell your house legally during divorce, as long as you and your ex-spouse agree on the terms of the sale. There are no laws in Ohio that prevent you from selling your house before, during, or after the divorce proceedings. The only exception may be if your youse is currently in probate, foreclosure, or bankruptcy. There are some things to consider when selling the house:

  • How to set the price of the home
  • How to reduce the price, if necessary
  • Who will be in communication with the buyer
  • Whether both spouses will need to formally approve offers and acceptances
  • Which spouse will ensure the home is ready to sell
  • Whose share of the sold home will pay any liens or debts

Before you contact a house-buying company in Cincinnati, Ohio, it is essential that you have the details of the sale worked out with your ex-spouse. Otherwise, you could get into a legal dispute if you attempt to sell the house without their consent. 

Contact Neighborhood Enrichment to Sell Your House During Divorce

If you need to sell your house fast during a divorce, we can help. At Neighborhood Enrichment, we buy houses as-is. No repairs or upgrades are necessary. Call 513-285-9032 to get a fast cash offer today!

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