Throwing in the Towel

Throwing in the Towel

According to KIOS public radio station, “The real estate company Zillow announced it’s throwing in the towel on a program in which it bought, renovated, and resold homes itself.”

Zillow Offers said its backlog bogged down renovations and closings because of labor and supply shortages in the U.S. housing market.

Tuesday, the company disclosed that it lost about $304 million in the third quarter after purchasing homes at higher prices than it now expects to sell them. It bought 9,680 homes in the third quarter but sold only 3,032.

It’s Not Easy to Do What We Do

Styl Properties, Inc. is here to help homeowners sell their houses.  

As investors, we are in business to make a modest profit on any purchase. However, we can help homeowners out of just about any situation, no matter what!  There are no fees, upfront costs, commissions, or anything else.  Instead, we offer the simple truth about your home and how we can help you sell it fast.

There are Four Ds Involved in a Fast Sale.

Death in the Family is the first of the Four Ds

When inheriting real estate, you are scared about probate because you don’t know what probate is. Nolo Law for All says, “Probate is a legal process that takes place after someone dies. It includes:

  • proving in court that a deceased person’s will is valid (usually a routine matter)
  • identifying and inventorying the dead person’s property
  • having the property appraised, paying debts and taxes, and
  • distributing the remaining property as the will (or state law, if there’s no will) directs.

During probate or when a property has cleared probate, the heirs may want to dispose of the property quickly. We help you through the maze of selling fast. The heirs may not want to bring the house up to today’s standards. There may be no money for renovation. There may not be an inclination to spend time renting, or staging, and showing the house. Styl Properties, Inc is a cash buyer solution. We buy the property as-is, and we pay cash. Closing takes place in less than 30 days, and there are no closing costs or inspections for the seller.

Divorce is the second of the Four Ds

Of the four Ds, divorce is the most stressful. Confronted with the prospect of divorce, many people want to know how to divide the assets, maintain their standard of living, who gets the house, and how to sell the house fast? Divorce Lawyers in Nebraska should be an early call.

Two types of Divorce

Divorces can be Amicable. The parties get together a list of all the assets, decide how to split everything evenly. For example, the house could go to one of the parties if the other side is equally compensated, or the two could decide the best thing to do is kiss goodbye, sell the house quickly, and split the proceeds.

Or divorces are less than amicable. There are High-Asset Divorce movies made about this type of divorce involving private detectives and war. In addition, both parties have a serious concern that they will not enjoy the same lifestyle after the divorce. These issues make divorce a stressful time, even more so if there is child custody involved.

Downsizing is the third of the Four Ds

We hadn’t thought too much about downsizing until a friend’s mother decided to sell the big house after she harvested the artichokes. She had accumulated too much “stuff” over 30 to 40 years. The house just became too big, maintenance overwhelmed her, and a smaller place seemed logical.

Eighty million boomers will retire over the next seven and a half years. Many will want to move to warmer weather and smaller quarters. It can be painful to worry about all the collectibles, furniture, and clothes in the smaller space. So call us, and we will have you on your way right shortly before Halloween.

Debt is the fourth of the Four Ds

Foreclosure doesn’t just suddenly appear like a baby on your doorstep.  Like lightning, there are signs of an approaching thunderstorm, including:

  • having difficulty paying the mortgage payment on time
  • having very little savings for emergencies
  • using credit cards to get to the next payday
  • paying the minimum on your credit cards
  • neglecting doctor and dental visits
  • shrinking from the ring of the phone
  • change in employment or change in debt to income ratio

If you see your family on that list, you may be facing possible foreclosure. One option is to sell your home fast to get out of the problem and save your credit rating.

Throwing in the Towel

We have been working a long time with clients who fear losing their house and need action immediately. Consequently, we have many happy clients.

Give us a ring. We would love to help you understand the process and to answer all of your questions. You can reach us at 402 999.0577

Photo by Feeh Costa on Unsplash

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