Monday, December 11, 2017

What If My House Won’t Sell During A Divorce in Greenville?

If you’re going through a divorce and you’re trying to sell a house, you might be wondering, “what if my house won’t sell during a divorce in Greenville?” That’s a good question to ask so be sure to read this blog post and we’ll share our best answer with you…

What If My House Won't Sell During A Divorce inA divorce can be a challenging situation: it’s complicated, it’s expensive, it’s time-consuming, and emotions are running high. And in all that effort you also need to sell your house so that you can split the value of any equity in the house and put it all behind you. But what if your house doesn’t sell? If you’re going through a divorce and wondering, “what if my house won’t sell during a divorce in Greenville?” then here’s what to do…

What Are The Reasons Your House Doesn’t Sell?

Unfortunately, there are many reasons your house might not sell. Some of the reasons are related to the normal market conditions (and they might be present even if you weren’t going through a divorce). But there might be additional reasons that your house doesn’t sell — for example, maybe you have a complicated divorce or there’s a lot of conflict between each party in the divorce and this makes it too difficult for the buyer to negotiate on the sale of the property.

This Delay Adds To The Problem!

If the house is not selling as quickly as you’d like, this just adds to the problem and it ultimately ends up costing you more — in bills and taxes and mortgage payments, as well as in additional attorneys fees.

Simply put, you might be hoping to get a high price for your house but your divorce could actually be scaring people away and costing you money.

Fortunately there’s another option…

Strategy For Divorce Houses: Sell To A House-Buying Company

Here’s an effective strategy for people who are trying to sell their divorce house — instead of listing the house with an agent, sell the house directly to a real estate buying firm like us here at Mason Buys Houses. As real estate buyers, we may not always be able to pay the market price for a house… but many divorcing people realize that holding out for a higher price can actually be a costly strategy once you factor in the cost of repairing the property, the carrying costs while you wait months for an agent to find a buyer, and then the agent’s commission (sometimes thousands of dollars).

If you’re wondering, “what if my house won’t sell during a divorce in Greenville?” and if you want to sell your house fast, a real estate buying firm like ours is the fastest and simplest choice to get the property out from the middle of your divorce, give you money for it, and allow you to wrap up this portion of the divorce proceedings.

To learn more about our real estate buying program and how we might be able to help you out in this challenging situation, click here and fill out the short form or give our team a call at .

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by mason via Mason Buys Houses

Tax Tips For Selling Your Greenville House!

It’s almost that time of year… yes, tax season is almost upon us! If you are selling a house in Greenville, you will love these tax tips for selling your home! This article is for informational purposes only!

For specific questions, contact a trusted tax professional, or the IRS! 

Not All Profits Are Taxable

You will be able to exclude a high portion of your profits so long as certain conditions are met. Typically, you will be able to exclude $250,000 from your tax return, and up to $500,000 if filing a joint return. (However, if you sell for a loss, you won’t be able to take a deduction for that amount.)

The deduction is only available when selling your primary residence, and can only be used once every two years. To qualify for the deduction, you must have lived in the residence for at least two of the past five years.

It is important that whenever you move, your address is updated with the IRS.

Other Exclusions

If you do not meet the requirements above, you might still be able to exclude a portion of your profits from your income tax. There are many special conditions you can meet in order to receive a prorated, tax-free gain. If you need to sell because of a change in your health, a job change or other unforeseen circumstances, you will be able to write-off a portion of the profit.

Reporting the Sale

You will need to report the sale if you receive a 1099-S form from the closing agent. This form provides the IRS with information regarding the proceeds from real estate transactions. To avoid reporting, make sure that you are able to exclude all profits. Let the agent know at the time of closing that the form will not need to be issued. Even if you are able to deduct all profits, if the form is issued, you will still need to file it with the IRS… even if no money is owed.

Capital Gains Taxes

If you are selling an investment property or house you have only owned briefly, you will likely be subject to the capital gains tax. Capital Gains taxes are dependent on how much you make. If you have a lower income, you will pay no capital gains taxes. People in higher tax brackets can pay upwards of 20%. Short-term assets are typically taxed the same as ordinary income.

First-Time Homebuyer Credit

Depending on the dates you bought and sold, you might have to pay back all or part of the credit you received. Typically if you move within 36 months of purchasing the home, the credit must be paid back upon the sale of the home. Special rules apply and can be found in Publication 523 from the IRS.

Deduct Selling Costs

When selling your Greenville house, you will be able to deduct any reasonable cost when selling your home. This includes the closing costs, improvements made in order to sell the house, assessments, marketing costs, agent fees and so on. Keep track of every cent you spend in an effort to sell your home. Come tax time, this can amount to major deductions!

No matter what time of the year you sell, it is always important to seek the counsel of professionals. Consult your agent, accountant, and attorney to make sure you have set up the best terms for yourself.

Don’t stress too much about taxes when putting your house up for sale in Greenville. Odds are Uncle Sam won’t be getting his hands on your profits.

Do you want to sell your house in Greenville? We can help! Send us a message or give our office a call today!

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by mason via Mason Buys Houses

Tuesday, December 5, 2017

Financing Options For Greenville Home Owners In Different Situations

Any homeowner may at some point need to sell or buy a new home. While it is obvious that buyers are the ones that need to know what their financing options are, even sellers need to know the financial arrangements their potential buyers come up with.

A home is an investment that is not only expensive but is also worthwhile and therefore needs to be adequately prepared for. Starting from a general point of view, the following post describes the financing options that are available for a person involved in the real estate business:

TOP #5 REAL ESTATE FINANCING OPTIONS

Investments in real estate usually involve large amounts of money which ranges from a few thousand dollars to millions of dollars. Most investors do not have the financial capacity to out rightly cover most of their real estate investment; hence most properties are purchased with leverage. Real estates can be financed in various ways depending on whether you want to finance a commercial property or residential property.

In this article, we will narrow our options to financing residential real estate properties.

The best time for buying any real estate property still remains in an up trending market. However, if you don’t have a good credit rating or enough liquid assets, purchasing real estate in the present market could be a pain in the neck. Read more at LinkedIn…

mortgage application

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You do not need to get stuck when venturing into real estate because of money. There are several good financing options for residential properties as described in the post above.

In addition, with all the competition going on in the market, you can secure yourself a pocket-friendly loan. The following post gives you the kind of options available for you:

4 Niche Loan Options That Are Helping New Home Buyers

Mortgage Guidelines Now More Flexible

When you buy a home, learning about the array of available mortgage types can pay off. Your real estate agent or lender might tell you about common 20 percent down conventional loans or low-downpayment FHA loans.

But as a proactive home buyer, you can research niche loan types that may help you achieve homeownership faster and at better terms.

With that knowledge in hand, you’ll come at home buying from a different angle. You will be better equipped and educated to choose the right loan for your situation. Read more at The Mortgage Reports…

credit cards

Image Courtesy of Wikimedia

The loan options described in the post above are readily available. As such, you can capitalize on them so you can get the cash you need at the best rate available in the market.

Financing options are not limited to when you are only selling or buying, there are some that are available for transitional times. These include when you need to sell and buy another home. The following post discusses more details:

Financing Options to Bridge the Gap between Selling and Buying

The home-buying and -selling process can sometimes be a precarious thing as most sellers need to sell their house before having the money to buy a new space. But what happens if you stumble upon your dream house before coming to contract for a sale?

If you find yourself in this situation, you’ll want to explore gap financing options, which will allow you get the money for a new home, without having to rush into a sale of your own. Read more at C21 Affiliated…

notes and coins

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You have so many ways to cater for the different needs you may have at any point of your home ownership process. Always be on the lookout for options that are tailor made just for you.

For more professional help, home selling advice, or to sell your Greenville home for a favorable cash offer, call Mason Buys Houses today!

Featured Image: Image Credit

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by esther via Mason Buys Houses

3 Things You Can Do In Greenville to Prepare Your Inherited House For The Sale

If you inherited a property that you intend to sell, make sure you read this blog post all the way through to know the 3 things you can do in Greenville to prepare your inherited house for the sale

Prepare Your Inherited House For The SaleWhen a loved one passes, it can be a difficult time for everyone. And although inheriting a house might seem like a wonderful way for a loved one to pass something of value on to you, it can also be a burden. Houses take a lot of work to maintain, keep clean, and keep up-to-date. If you’re thinking about selling an inherited house, or if you are still exploring your options, here are 3 things you can do in Greenville to prepare your inherited house for the sale…

Preparing Your Inherited House For Sale — Tip #1

Perhaps the most important thing to do is to save the memories for yourself. It’s easy to discover that you have many mixed emotions about the property, and that can actually keep people from selling an inherited property. Instead, they just pay to hold onto the property but never really enjoy the property. The best step here is to understand that you are experiencing emotions about the memories and about the person who lived here. The house itself is just the structure.

So if you’re thinking of selling but want to preserve the memories, do something special in the house — take pictures, gather some of the furniture and photographs and other mementos that you will cherish. You’ll have a few things that represent your memories and you’ll still be able to sell the house to keep it from becoming a burden.

Preparing Your Inherited House For Sale — Tip #2

Chances are, you inherited the house from someone who lived there for a while. When this happens, you’ll find out that the person who lived there may have taken very good care of the house but after living in the same house for a while there might be areas of the house that they didn’t use very much, or perhaps areas of the house that they used for storage. The best way to help your inherited house sell is to clear the house out, clean it up thoroughly, and present a beautiful empty house to buyers.

Preparing Your Inherited House For Sale — Tip #3

Last, you should think about giving your house a paint job. If you inherited the house from someone who lived in it a while, they may have cared for the house but the wall colors may have faded. A paint job is affordable for you and it’s an easy way to help a house feel fresh and lived-in, even if you choose not to make any other updates or renovations to the house.

Summary

When your loved one passed the house on to you, they did so because they wanted to give you this gift. But selling the inherited house may make the most sense. So you’ve just read 3 things you can do in Greenville to prepare your inherited house for the sale.

Wondering how to sell your house quickly and easily without any hassle or dealing with an agent? That’s where we can help. We are professional house buyers and we’ll make you a no-obligation cash offer for your house. Click here to enter your information or call our office at to learn more.

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by mason via Mason Buys Houses

How To Sell Your House in Greenville During the Holidays – A Guide for Sellers

Do you want to sell your house in Greenville but have felt reluctant because of the holiday season? We can help you sell your home now with our great tips for selling your home during the holidays!

The holidays can be an excellent time to sell! With fewer homes on the market, your house will stand out to potential buyers. People moving during this time will usually have a reason why. You will often find many people who are ready to purchase ASAP! This post will help you use the time of year to your advantage. Read on to learn more!

Think: Warm, Inviting & Homey

No matter who you are or where you live, people love to feel a cozy vibe when walking in the door. During showings or open houses, you can offer seasonal snacks such as cookies, biscotti or brie. Offer espresso, hot cocoa or apple cider. If you have a fireplace, light it. In warmer climates, you can use an electric fireplace, with the heat setting turned off.

Seasonal scents can help create the atmosphere you are looking for. Gingerbread, pine, and freshly baked bread can all make people feel right at home… just not all at the same time! You want to keep it cozy… never cluttered or distracting.

Hire a Professional

Hiring a professional to decorate your house doesn’t just happen in the movies. Look for a professional home stager or interior designer who can help you turn your house into something right out of a movie set. A professional will have an impartial eye and can help you rein it in when need be.

Working with a designer will likely require you to purchase decor outright, however, there are staging companies who can bring chic pieces right to your door. The items are returned after the showing or sale.

Don’t Put Out Every Decoration You Own

Even the most beautiful holiday decorations can appear cluttered if not used sparingly. Many of us have mismatched boxes of ornaments, collected over time and stored in a holiday hodgepodge. If you are selling your house during the holiday season, show some restraint with the items you put out. Rudolph with the missing nose should stay in his box this year.

In addition, personalized items can make prospective buyers feel as if they are intruding. When you are showing the house, put away stockings with names and decorations made by the kids. Of course, you can put them back out the minute your guests have left.

Don’t Forget Curb Appeal

Your front yard is the first thing people will see when viewing your house. Including simple and tasteful decorations can be a huge factor in making people feel welcome. Don’t go overboard, but a few seasonal items will help foster the warm and inviting environment you wish to create. Lighting can be a wonderful addition to evening showings. Keep pace with your neighbors. You don’t need to light up the whole neighborhood, however, you don’t want to be the only dark house on the street either.

Seek Out The Right People

Think about who might be moving during the holiday season. Families might be moving during the Chrismas break. Investors might be looking to purchase before the end of the year. Students and staff might also choose year-end to relocate. Make sure your home is advertised where it can reach these demographics. Advertise near a school, showcase your listing in a local business journal or place an ad in a University newspaper.

Stay optimistic and implore some “out of the box” techniques to find your ideal buyer! And if you don’t find a buyer during the holidays… relax. January is only a few days away!

Do you want to sell your house in Greenville? No matter what time of the year, we can help! Send us a message, or give our office a call today!

The post How To Sell Your House in Greenville During the Holidays – A Guide for Sellers appeared first on Mason Buys Houses.


by mason via Mason Buys Houses

Wednesday, January 4, 2017

4 Things You Need to Expect When Selling With an Agent

Are you working with a local Greenville agent to sell your house? Or maybe you’re thinking about it? If so, we’ve collected the top 4 things you need to expect when selling with an agent — to help you navigate this process easily!

There are many ways to sell your house and many people choose to work with an agent to help them during that process. Do you plan to work with an agent? If so, here are 4 things you need to expect when selling with an agent in Greenville…

4 things you need to expect when selling with an agent

 

#1. Money

A real estate agent is a professional who performs a service for your benefit. This shouldn’t come as a surprise, and yet many people are surprised when they learn that the agent charges a commission for their service… and this commission can be thousands of dollars in some situations! For some people, that’s okay because they want the benefits that an agent provides, but it can be a costly surprise if you’re not prepared.

#2. Time

You probably want to sell your house as quickly as possible. An agent wants that too. However, an agent is at the mercy of what buyers want… and agents will work hard to find a buyer for your house but they can’t always guarantee that your house will be sold within a certain timeframe. (Note: if you need to sell in a certain timeframe, the fastest way to sell is to skip an agent and just let us buy your house directly. Call us at to learn more about this service).

#3. Showing

For an agent to find a buyer who wants to buy your house, they have to show it to people. Buyers will obviously want to walk through the house and decide for themselves if it’s the right house for them. Therefore, if you work with an agent, you should expect the agent to arrange showings with buyers – which means you may need to leave your house while buyers walk through it.

#4. Unknowns

Agents provide a great service but the truth is – agents can’t control the process. There are many unknowns that will influence the sale of your house. These unknowns include: the number of other sellers selling similar houses, the number of buyers who want to buy, the number of banks willing to lend money for mortgages, the state of the economy in the city, within the state of South Carolina, and in the country as a whole. Therefore, you may want to sell right now at a certain price, and the agent will do their best but you may be forced to sell later at a lower price.

Summary

Selling your house can seem daunting, which is why many people choose to work with a real estate agent. If that’s how you want to sell your house, make sure you know these 4 things you need to expect when selling with an agent in Greenville.

At Mason Buys Houses, we also buy houses! If you still want an offer from us, or if you want to meet an agent that we recommend, click here now and fill out the form or call our team at

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by mason via Mason Buys Houses

Wednesday, December 28, 2016

Should You List With an Agent, Sell FSBO, or Sell to an Investor? (Info For [market_zip] Zip Code Sellers)

Agent? Sell on your own? Sell to an investor? These are the big questions that every seller asks themselves first. In this blog post, we’ll share our thoughts on the question, Should you list with an agent, sell FSBO, or sell to an investor?

Thinking about selling your house? You might be exploring your options and wondering, Should you list with an agent, sell FSBO, or sell to an investor? The good news is, you can get a great answer right here and be on the path to selling your house very quickly.

Should You List With An Agent?

Selling to an agent gives you a few advantages:

First, it’s very hands-off so you can go about your regular life and just sign papers or talk to your agent while they do all the legwork.

Second, you can money and time versus selling FSBO (see the next point) because you won’t have to market your property or pay for marketing materials.

Third, an agent often has a list of potential buyers (or access to a list) so they can quickly find people to buy for you quickly.

Fourth, agents have many tricks up their sleeve to help you sell – from special signs to open houses, etc.

Fifth, you don’t have to negotiate with any potential buyers, since many people do not like the negotiation process.

Sixth, you don’t have to be an expert at the contracts and agreements involved in the house-selling process. Your real estate agent is the expert and they’ll walk you through what you need to know but you don’t have to be the expert.

Seventh, you don’t have to be an expert in the laws of selling a house, financing, etc., which can be quite complicated. The agent will either take care of that for you or guide you appropriately.

Eighth, you don’t have to worry about knowing the right steps to take or when to take them. The agent already knows what you need to do and they’ll just tell you when you need to do it!

Or, Sell FSBO?

FSBO means “For Sale By Owner” and it means that you sell on the market (the same place an agent would sell) but you don’t use an agent; you represent yourself. The biggest advantages to selling this way is that you can name your own price, decide who to sell to, negotiate on your own behalf (if you like to do that), and not have to pay the real estate agent’s commission at the end.

Don’t Forget – You Can Sell To An Investor

For those who want to sell fast and not pay any fees, or who may have a house in “as-is” condition that they don’t want to pay to fix and clean first, you might want to sell to an investor or professional house buyer (which is what we do here at Mason Buys Houses.)

Summary

Thinking about selling your house? It’s smart to be exploring your options and wondering, Should you list with an agent, sell FSBO, or sell to an investor? The good news is, you can get a great answer right here and be on the path to selling your house very quickly.

At Mason Buys Houses, we also buy houses! If you still want an offer from us, or if you want to meet an agent that we recommend, click here now and fill out the form or call our team at

The post Should You List With an Agent, Sell FSBO, or Sell to an Investor? (Info For [market_zip] Zip Code Sellers) appeared first on Mason Buys Houses.


by mason via Mason Buys Houses