When someone is deceased, probate is the court-supervised process of gathering that person’s assets, paying taxes, and distributing the remainder of the estate to heirs. It’s important to understand the probate process. Probate is different from state to state and mostly involves paperwork. If family members or creditors are handling things peaceably, there’s usually very…
Lives change and with them, lifestyles. If you’re thinking it’s time to sell your home, you might be wondering if there are there drawbacks to selling to an investor. Dynamic market conditions make the decision to sell an easy one. Even if you haven’t thought much about selling your property before reading this article, and…
Can you deal with investment property when it’s in probate or do you have to wait for the process to unfold? When someone dies without making legal arrangements for property to pass to heirs, the estate is usually subject to probate. The representative of an estate has no power to act probate is opened and…
Over the last several years the reverse mortgage has caught the attention of retirees looking for an income. At face value, it seems like a good idea. It also seems really simple: You get access to the equity in your home and the bank makes a mortgage payment to you. If that doesn’t make sense,…
As families grow, parents are busy keeping up with their kids’ lifestyles: school, birthday parties, and managing households. They often don’t notice their little ones have become teens. Play dates turn into parties—often requiring just as much supervision. And then things change… Those rebel-rousing teens no longer ask to borrow the car, but instead heading…
If you’re thinking of selling your property, you have choices. Before you choose, know the difference between selling to a real estate investor and working with a Realtor®. Hiring a Realtor® Hiring a Realtor® has benefits in that the agent will assist the seller in all aspects of selling a home. Reputable agents know their…
Selling your home to a real estate investor has several advantages, as long as you know how to qualify the person you’re working with. If you’re in a hurry to sell, the scenario can be even more appealing. Working with an investor will put cash into your hand many times quicker than going the conventional…
Why would you sell your home to a real estate investor A-Is when you could increase the value and sell higher if you made renovations? Even cosmetic improvements put more dollars in your pocket. If you have time and a few extra bucks, this would be a no-brainer. Bringing a home up to code and/or…
November 1, 2016 As the real estate market recovers, it has become easier for homeowners to buy second homes. Some of these second homes will be vacation properties in attractive getaway areas and others will generate income. Depending on their goals, second home buyers are considering investment properties they intend to flip (buy cheap, refurbish…
Why would anyone choose to be an out-of-state landlord? Wouldn’t it be easier to manage properties locally? The answer is always yes, however, most out-of-state landlords don’t become so by choice. Some properties are inherited as assets of an estate after a family member passes. Unless these homes are sold and assets are liquidated, the…