Problems with sqautters for the home owner
When your tenant continues to dwell in your property without paying you rent then you can consider that person to be a squatter. Any individual who occupies your property unlawfully is termed a squatter. At times the squatters can even act as if they have a right to your properties and given the local laws of USA, they indeed do sometimes. When the squatter has been permitted to occupy a house for more than a certain period of time, they might gain the same landlord-tenant rights as the holdover tenants. When squatters have taken over your property, you are not even allowed to install padlocks to keep them out or shut off the utilities. If you try to intimidate the squatter in any way then the law could view your act as illegal and you could be even fined.
What to do with a property with bad tenants?
When you have the problem of squatters or bad tenants then the best thing to do is go for a short sale of your house. Dealing with the problem of squatters is going to cost you a lot of time and money and even after that there is no guarantee that you would win the case. This is why it is always advisable that you find a reputed cash home buyer who would purchase your home ‘as is’ and deal with the problem of squatters on their own. Although the price you would get from the cash home buyers is definitely going to be lesser than its market value yet you don’t need to worry about the hazardous task of dealing with the squatters. Ridding your property of squatters could take at least a few months’ time if you are lucky enough. In case you are in a rush to relocate and therefore need to sell your house then a short sale to a cash buyer is your best option.
Why sell a property with squatters to a cash buyer?
Selling a property with tenants issue through traditional real estate channels is an almost impossible task. Even if you are ready to invest a few months’ time, chances are high that you are not going to find a buyer who is ready to purchase a property with bad tenants. Removing a professional squatter who has an understanding of tenant’s rights and who has the experience of forging duplicitous paperwork, is surely a rather tricky and time taking process. You need to pay an enormous amount of legal fees to get the squatter out of your property. Apart from the legal fees you would also need to dole out a substantial amount of money as commissions and fees of the real estate agent you have hired. Therefore its’ always better to deal with a cash home buyer who are more than willing to buy your home with bad tenants. They would work towards a super quick sale and provide you with the offered price within the least possible span of time.
What to do with a property with bad tenants?
When you have the problem of squatters or bad tenants then the best thing to do is go for a short sale of your house. Dealing with the problem of squatters is going to cost you a lot of time and money and even after that there is no guarantee that you would win the case. This is why it is always advisable that you find a reputed cash home buyer who would purchase your home ‘as is’ and deal with the problem of squatters on their own. Although the price you would get from the cash home buyers is definitely going to be lesser than its market value yet you don’t need to worry about the hazardous task of dealing with the squatters. Ridding your property of squatters could take at least a few months’ time if you are lucky enough. In case you are in a rush to relocate and therefore need to sell your house then a short sale to a cash buyer is your best option.
Why sell a property with squatters to a cash buyer?
Selling a property with tenants issue through traditional real estate channels is an almost impossible task. Even if you are ready to invest a few months’ time, chances are high that you are not going to find a buyer who is ready to purchase a property with bad tenants. Removing a professional squatter who has an understanding of tenant’s rights and who has the experience of forging duplicitous paperwork, is surely a rather tricky and time taking process. You need to pay an enormous amount of legal fees to get the squatter out of your property. Apart from the legal fees you would also need to dole out a substantial amount of money as commissions and fees of the real estate agent you have hired. Therefore its’ always better to deal with a cash home buyer who are more than willing to buy your home with bad tenants. They would work towards a super quick sale and provide you with the offered price within the least possible span of time.