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The Challenges that You May Face as a Landlord

While many believe being a landlord is a great way to make some extra money, it isn’t as easy as it looks. There are many challenges that come our way.

Here are some challenges that you face as a landlord.

Maintenance, maintenance, and more maintenance. In order to keep tenants in your building, you have to maintain it to the highest standards. Apartments should be safe and presentable. If not, you will lose tenants and others will not want to move into a building.

Not only does this involve keeping the grounds in good condition, you will also need to make sure that your apartments are in good condition and free from mold and other harmful things.

Plenty of expenses. Though you may not be paying a mortgage on the building, there are still plenty of other expenses that will cut back on your bottom line. Most landlords pay for the electric and heating (though you should be compensated with rent). However, you also have taxes which can be quite expensive. Not only do you have to pay property taxes, you will have to pay taxes on the income that you make through your rental business.  You have insurance to pay for and it is important to make sure that you have enough of it.

Then there are the unexpected expenses. Maintenance costs can be quite high, depending on the size of your building and the age of it. There are also going to be times when something goes wrong. You might have trouble with your electric, heat, or even plumbing and there are times when these bills can be awful.

Running an apartment building is not always as easy as it seems. The maintenance itself can take a lot of time and money, especially if it is an older building. There are also plenty of expenses, both regular and unexpected ones!

Contact us if you want your house sold instead of dealing with landlord drama.

The Biggest Hassles of Selling a Home–Getting Your House On the Market


Chances are, you have friends who have been “getting ready” to sell their homes for months–or even years! If you think they’re just not serious about selling, ask what’s taking so long–your head will be spinning in five minutes. Even in a “hot” real estate market, realtors want to maximize the selling price of a house, and ask their sellers to “freshen up” their homes to the point they’re spending a fortune just to get the house on the market.

So now you’re thinking, ‘we’ve kept the house up pretty well, cleaning gutters, cutting grass, checking the HVAC every year, painting as needed–what else would we need to do?” Turns out, a lot. Not only will you need to repair any issues–cracks in the driveway, any rotting wood around the soffits and windows, leaking faucets–any realtor will expect you to undertake the dreaded purging and decluttering tasks that may well involve renting a storage unit. If you’ve got a basement, attic, or garage, then your tidying up can take months to finish–not to mention the closets and cabinets in the house that need the same attention. And once you’ve done all these pricey fixes and put half your belongings in storage, you’re going to pay a hefty realtor’s commission to get the house on the market. If you’re braving the world of For Sale By Owner and saving those commission fees, you’ve still got to deal with prospective buyers–strangers who want to come through your house at inconvenient times–and keep the house show ready all the time.

​If you want to sell your house without going into debt getting it ready to sell, there is a better–and faster–way. With Seller’s Advantage, you’re in the driver’s seat. All you have to do is go online and request an appointment, and they’ll do all the work. A representative researches your neighborhood, and they come to your house in a few days. They buy houses as is, so there’s no need to paint or landscape, or even clear out the closets. Seller’s Advantage pays cash for your house, so there’s no worrying and stress about mortgages and appraisals. Unlike your friends who are still “getting ready” to sell, or fretting about their buyer’s loan, you can be out of your old house and on to your new one in a couple of weeks when you contact us about selling your house the easy way.

You Just Inherited A Home: Should You Sell It or Rent It?

The biggest asset that is typically passed down through an estate is a home. If you happen to inherit a home after someone passes away you could either choose to convert the property to a rental or sell it outright. While earning a stream of rental income can be attractive to some, there are many pitfalls of being a landlord that could make selling the home to Seller’s Advantage a much better option.

Necessary Repairs
If you inherit a home and decide to convert it to a rental property, you will likely have to go through the process of making sure that it is in good overall condition. Depending on the condition of the property, you may have to spend thousands of dollars on repairs in order to lease it to somebody else. To avoid this significant cost, a better option would be to sell it to Seller’s Advantage. Seller’s Advantage will buy your home in “As-Is” condition, which means you will not have to incur the repair expense.

Late Payments
If you decide to convert the property to a rental unit, another risk that you are taking on is the risk that your tenants will be late with rental payments. If your tenant falls behind on rent, you will still be responsible to pay the operating expenses, taxes, and mortgage. This could end up being a huge cash drain each month. Furthermore, the process of eviction can take months to complete and is very stressful. If you choose to sell to Seller’s Advantage, you can avoid this risk entirely.

Liability
Whenever you own a property and lease it to another party, you are continuing to take on a certain amount of liability for the property, the tenants, and anyone that comes to the home. Since events that happen that the home after it is leased are out of your control, the liability can be a big concern. To avoid this risk, selling the home could be a much better option.

If you are thinking of selling your home, contact us to learn about your options. The consultation is free and there’s never any pressure. We’re here to help.

Home Sales Gone Wrong Series: Buyer Financing Fell Through

Congratulations–you’ve found a buyer for your house–it’s a young couple with a growing family, they’re in an apartment they can’t wait to leave, and it’s good times all around. So you’ve made an offer on another home, called the movers, and are packing and purging and decorating the new house in your head. A week before you’re supposed to close, what could go wrong?

As it turns out, a lot. 

One homeowner was in that exact situation–living among boxes with paper products and the microwave–three days before closing–when the buyer’s financing fell through and they weren’t able to get the loan.  They had ignored the lender’s warnings not to use their credit cards or make any large purchases until after they closed, and had bought a new car two weeks before they were scheduled to settle on the new house. When the lender ran an updated credit report right before they signed off to have the documents printed, the buyers couldn’t qualify for the loan. And since they couldn’t get financing and that was a condition of the contract, they got their earnest money back. They not only left the seller high and dry, but since real estate is like dominoes, when that transaction fell apart it created a chain reaction of terminated contracts. 


Seller’s Advantage offers a new way to sell your house, without the frustrating waiting to find out if the sale actually happens. We’ll give you a free, no-obligation quote for your house, and since we pay cash, can have the sale finalized within a couple of weeks. Contact us and you’ll have peace of mind, knowing your house is really sold. 

To Sell or To Repair: That is the Question for Homeowners

home repairs
Owning your home is a huge responsibility–unlike apartment dwellers, you have only yourself to call for repairs when something goes wrong. And in case you were wondering why your lender insisted you have a decent amount in savings to get your loan, this is why. As you may have learned, major home repairs are called that for a reason–they blow a major hole in your budget. And when it’s your furnace that’s given up or your roof that’s decided to leak, these are repairs you can’t postpone, so be ready to pony up substantial funds just to make your home livable.

When you bought your house, your inspector should have given you a comprehensive report that not only listed urgent repairs, but also listed things to keep an eye on and expect to replace or repair in the coming years. A water heater, for instance, has an average life span of 8-12 years. If yours was seven years old when you bought the house six years ago, you should be spending your Saturdays at the home improvement store looking over newer (and more efficient) models.
If you find you have to make major repairs, there are a few ways to handle the financial end of the job.

Savings
The easiest way to pay for something is to use money you already have. Whether you keep your money stowed in a savings account, money market, or mattress, you can get to it without any hassle and get the work underway.
Home Equity Line
A line of credit on your home is another way to have fairly ready cash for home repairs and maintenance. It is a loan you’ll have to repay, but rates are favorable and you may be able to deduct the interest.
Retailer Financing
The least attractive option is to finance the work through a big box home improvement store. They’ll finance the materials and the labor if you use one of their contractors.

An  Easy Option for Selling Your Home without Repairs
There is a fourth option for your repairs–sell the house. You might find that just selling the house “as is” will be your smartest move financially. If you’d like information on selling your house to Sellers Advantage, contact us and we’ll walk you through our home buying process. Our simple and streamlined system could have you out of that leaky, cold house in a couple of weeks.   Seller’s Advantage has an A+ Rating with the Better Business Bureau and is happy to provide a no-cost, no obligation quote.

Tips for Selling a Hoarder’s Home

hoarder

Many people have hoarder’s in their family. If you do, you are going to have your work cut out for you. Even if you are just dealing with one room (or every room), it can seem quite overwhelming to clean up all of their belongings so that you can sell their home.
However, all hope is not lost. Here are some more tips for cleaning out a hoarder’s home.

Tackle one room (or even closet) at a time. When you look at the home as a whole, the process can seem quite overwhelming. However, if you focus on working on one room or closet at a time, it seems a little easier. Once you start to finish a room, you will feel like you have made some progress!

Start at the room by the main door. If you start by the front door, you won’t feel so trapped as you go. In fact, you move your piles right outside so you can start to see the floor and walls. This can really help you stay motivated, as you see actual progress being made!

As you go through each piece, start to separate them into piles. There are going to be sentimental items that you want to keep and items that you do not. These items can be divided into things that you can sell and ones that you just want to donate. Don’t forget to have a trash pile. Anything that is broken or doesn’t work needs to go into the trash. You have enough to deal with so you shouldn’t keep anything that will require work.

Sell Your Home to AS-IS Experts
Because of the amount of work required, many people don’t want to clean up a hoarder’s home. Instead, they want to sell it quickly without worrying about it.  
Do you feel the same way? Contact us today. We buy homes in any condition with no clean up or repairs required. You can simply hand us the keys, walk away, and get your money in as little as seven days.  

Sell Your Home with a “Wow” Factor – For Less

Are you preparing to sell your home?

Maybe your home is in good shape, mostly updated, but still needs that “wow factor” to help it stand out. There are many simple tips to help you sell your home quickly such as decluttering and cleanliness.

But today, we are going to share a few simple ways you can update your home and add a few “wow factors” that will be sure to help your home stand out to potential buyers. Remember, we are updating – not renovating… we don’t want you to drop $10,000 before trying to sell.

Soft Close Kitchen Cabinets and Drawers
Instead of spending thousands on the replacement of perfectly good cabinets, update your kitchen with an inexpensive wow factor. Add soft close hardware to your existing kitchen cabinets and drawers. Home Depot sells a 10-pack of soft close dampers for about $35, or you can find a 10-pack on Amazon for about $25. Soft close cupboards provide the following benefits:

  • Improves Longevity: Puts less stress on cabinets.
  • Safe for Children: No accidental finger slams.
  • Keeps Things Quiet: No loud slamming or accidentally waking up the whole house up.
  • Structured Drawers: Your nice and organized drawer will stay organized, as contents will not slide around every time you close the drawer.

If you really enjoy this newly added feature in your home, consider adding soft close dampers to your bathroom cabinets and drawers, too!

Everyone Loves Storage
Great storage availability is a huge selling feature for many potential buyers. There is no need to knock down walls and expand closets… just work with what you have and make it more user-friendly!

For a small coat closet, considering restyling this space by REMOVING the rod. Repaint and add a few simple hooks to the walls of your closet (the back and one of each side). You can even make two rows of hooks against the main back wall of this closet. It appears more organized and spacious inside, and you are more likely to convince everyone to hang their coats up since they will not have to mess with hangers. Easy-peasy.

Add a closet organization system into your existing bedroom closets. You can find some really nice, wood options for about $400 at Lowes or Home Depot. However, if you really wanted to keep this cost down, you could opt for a wire organization system (purchase for around $100) – it will still provide a structured and spacious appearance to potential buyers.
The key thing to remember about showing off your home’s storage is to make it look efficient. It’s not just about having excellent storage, but ensuring your spaces are organized and almost “staged” as you are showing your home.
Bonus “Wow Factors”The two simple updates discussed above are sure to jazz up your home before listing it on the market, however, we didn’t want to stop there.

  • Curved Shower Rod: They help to provide a roomier feel when you are taking a shower, and they look more prestigious. But don’t stop there. Consider hanging two curtains on each side, rather than one big shower curtain. The look of dual curtains will offer a more unique appearance.
  • Light Fixtures: Replace or refinish outdated light fixtures. This simple update will make big differences.
  • Short Blade Fan: Adding a short bladed ceiling fan into your small kitchen will offer something special. Short blade fans are wonderful as you can have your fan on and still open cupboards without a collision, and they also take up less visual ceiling space. You can purchase a short blade fan for as little as $55 at Home Depot, or spend a couple hundred to add a more modern piece. 


If you want to eliminate making these updates and sell NOW then contact us at Seller’s Advantage, or call us at 1-800-208-3243 to get a no-cost, no-obligation quote on your home. We purchase homes in AS-IS condition and can give you a cash offer in as little as 24 hours.

Selling Your Home On Your Own – What You Should Know

Selling your home by yourself is always a hassle. There are so many things to deal with that cause you stress and trouble. Here are some common problems you will face when trying to sell your home to buyers by yourself.

You Don’t Have Time
Let’s face it, selling homes is not the way you make a living. You still have a full-time job that takes up most of your daily energy and time. But selling a home is a full-time job in itself. You have to deal with buyers, negotiations, marketing, and so much more.

The Stress!
The stress of selling a home is hard to bear. You probably have enough on your plate already. Soon you are going to have to deal with buyers pulling out at the last second. There will be buyers who will give you a hard time, negotiate with you for days or weeks, and then suddenly pull out or give you ultimatums you can’t agree to. You’re going to have to deal with home showings that bring you nothing in return. It’s very frustrating.

You Don’t Know How to Market
Selling a home requires great marketing skills. Unless you are experienced with marketing (and real estate marketing in particular), you probably won’t do a good job. This will cause you to delay the sale needlessly.

No Network Either
You also need a great network to get your home out there. Doing it alone is always tough and confusing.

Legal Pitfalls
When selling a home to a buyer, you are obligated to give them full disclosures. Omitting something by mistake can happen when you are a rookie. If a buyer finds something you should have disclosed, there is a chance of getting sued.

Fortunately, there is a way to sell your home without all of the above hassles! Sellers’ Advantage makes it easy and quick. Contact Seller’s Advantage online or call us at 1-800-208-3243 to get a no-cost, no-obligation quote on your home. We purchase homes in AS-IS condition and can give you a cash offer in as little as 24 hours.

Affordable Ways to Accelerate Your Home Sale


You are ready to sell your home, but you know the realistic expectations of the current market might prevent a “quick home sale”. You know your home needs some updating and you do not want to spend an extra $5,000 making those updates. We totally understand. That is why we have provided some tips to get your home looking great for a fraction of the cost. Overcome your homeowner selling hassles!

Paint over Paneling
This is a tip that is becoming more and more common amongst homeowners. If your home has old and outdated paneling, freshening it up with some paint can do the job of modernizing your space. This is a big money saver and an ideal option to consider if you are making these updates to help with a quicker sale of your home. Fill in any holes or gashes with spackle and once it dries, sand those areas smooth. You will want to use a latex primer on your paneling before applying your paint color – it will help the paint adhere to paneling and will make for a crisp and clean finished look.

Bonus Tip: Use neutral paint colors if you are trying to sell your home!

Self-Adhesive Flooring
You’ve begun updating your floors but ran into a problem. The cost of getting new carpet or hardwood floors and even the cost of installation are crazy expensive. Consider self-adhesive flooring. This type of flooring is easy to install yourself, comes in a large variety of styles, and is cost-effective. Self-adhesive flooring is vinyl, but the design possibilities are endless. You can find wood or marble designs, in square or rectangle tile form, or in long narrow plank form.

If you are going this route, be sure to prep your existing floor accordingly. Self-adhesive tiles will adhere to concrete, laminate, and even over commercial vinyl tiling (commonly used in schools). This type of flooring will hold up for years, save you money, and help make your home more appealing to potential buyers.

New Trim
You do not have to go out and buy new trim and moulding for your home. Instead, freshen up what you already have! Sand all of your trim. Whether you can see it or not, there are probably tiny dings and dents in your moulding, as well as dirt that is creating texture. Once you have smooth trim, repaint it to make it look new again.

Bonus Tip: If you plan on replacing the floor and painting your walls, update your trim first. Complete the process as discussed above, but eliminate the time and work of hand painting your trim. Use spray paint to speed up the process and provide a sleek and smooth finish. Don’t forget to open the windows and wear a mask!

Consider trying out some of the money-saving ideas above to freshen up your home for a faster sale. If you’re ready to sell NOW then contact us at Seller’s Advantage online or call us at 1-800-208-3243 to get a no-cost, no-obligation quote on your home. We purchase homes in AS-IS condition and can give you a cash offer in as little as 24 hours.

How to Sell Your Home Quickly: The Pre-List Prep

Are you thinking about selling your home? There are a few things you should know.
Today we will be sharing some helpful tips on pre-listing preparation to ensure you are ready once your home hits the market.

Understand the Current Market

The real estate market is constantly changing. It is crucial to understand the current market trends when you are ready to sell your home. It is easy to sometimes value our homes for more than they are actually worth based on our own feelings and memories. Utilize online websites to search for homes in your area with similar features (basement, garage, # of bathrooms, etc.) and similar square footage to gain an idea of a realistic listing price. When your home is appraised these comparable properties or “comps”, will be considered.

Paperwork as Proof

Potential buyers want more than the good word of a stranger. Potential buyers are going to want proof. Gather any relevant paperwork that can confirm newer updates and renovations. For example, if you had your roof replaced two years ago, gather the paperwork and receipts to confirm the roof was actually replaced. If you were conscious about your utility expenses, you could even compile previous utility bills to offer potential buyers an idea of how much it will cost to heat their home, or how much water will cost them.

Below we have compiled some important paperwork you could have prepared to verify that updates were completed, or to simply provide clear answers to potential questions that buyers may have.

  • New Furnace
  • New AC Unit
  • Updated Roof
  • Newer Appliances (if included in the sale)
  • Renovations, Remodel, or Additions
  • Utility Bills

Get Free Estimates

You are ready to sell your home, but you know the roof is getting old. Get estimates from different companies, they are free. This does not mean you need to hire a company and pay for a new roof before listing your home. However, we recommend being prepared and knowing potential costs.

Let’s pretend you have an offer on your house that is conditional upon the inspection. In the inspection, it is said that the home needs a new roof and that it is going to cost $15,000. Since you already have those estimates, you know it is only going to cost $10,000- this gives you the edge during negotiation.

Other types of estimates to consider having done include:

  • Concrete
  • Windows
  • Repairs to Foundation
  • New Flooring or Carpet

These are a few of the best ways to fully prepare before listing your home on the market.

If you want to eliminate these steps and sell NOW then contact us at Seller’s Advantage, or call us at 1-800-208-3243 to get a no-cost, no-obligation quote on your home. We purchase homes in AS-IS condition and can give you a cash offer in as little as 24 hours.

Don't leave!

Please call us at 1-800-208-3243 to speak with us immediately or finish your form to receive an offer within 24 hours!

Seller’s Advantage is a BBB Accredited Business with an A+ Rating and have been in business for over 12 years.  We've purchased more than 10,000 properties from homeowners just like you!

OK, let's finish!

Don't leave!

Please call us at 1-800-208-3243 to speak with us immediately or finish your form to receive an offer within 24 hours!

Seller’s Advantage is a BBB Accredited Business with an A+ Rating and has been in business for over 12 years.  We've purchased more than 10,000 properties from homeowners just like you!

OK, let's finish!