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Selling May Be One of Your Options
If your property is facing a tax auction, selling may be worth considering—particularly if keeping the property is no longer practical or if you would prefer to resolve the situation before the auction process moves further along.
There are many reasons an owner might choose to sell: - The property is vacant or difficult to maintain.
- It needs repairs or ongoing work.
- You live too far away to manage it.
- You inherited the property and don't want the responsibility.
- You no longer use the property.
- You would rather sell than continue dealing with taxes, liens, repairs, or other obligations.
- You simply want to move forward.
Whatever your reason, You Deserve to Understand Your Choices Before Making a Decision. Selling to us is not the only option. If another solution makes more sense for you, we'll tell you that. And if selling appears to be a reasonable option, we'll explain how we arrived at our offer.
Can I Stay in My Home? Possibly. Every situation is different, and any arrangement would need to be evaluated and documented appropriately. Depending on the circumstances, we may be able to structure a purchase that gives you additional time to move or make other arrangements. In some situations, there may also be ways to structure the timing of payments and closing. These arrangements are not guaranteed, and the specific terms would depend on the property, the transaction, and applicable laws. If staying in the property for a period of time is important to you, Tell Us Before You Make a Decision. We'll let you know whether we believe there is a workable approach.
Who Are We? We've been involved in buying and selling properties, including properties affected by tax-default situations, for nearly 30 years. Over that time, we've seen how complicated and stressful the tax-sale process can be for property owners. We've also seen situations where owners waited too long to understand their options and ultimately had fewer choices available. That's one reason we created this resource: To Give Property Owners Straightforward Information About the Process and the Choices They May Have. We are a property buyer, so we want to be transparent about something important: If We Purchase Your Property, We Expect to Make a Profit. That's how our business works. We don't want you to believe otherwise. At the same time, we don't believe you should have to be pressured into selling. If we don't think buying your property is the best solution for you, we'll say so. And if another option appears to make more sense, we're comfortable telling you that as well. We can't help every property owner, but we'll take a look at your situation and let you know what we believe we can realistically do.
How Do You Determine an Offer? - The property's location and condition
- Comparable properties and the local market
- The work or repairs that may be required
- The amount of time available before an auction or other deadline
- Known taxes, liens, mortgages, or other obligations affecting the property
- The costs and risks involved in purchasing and reselling the property
Our offer needs to account for those factors as well as the costs and risks of our business. An Offer From Us May Be Below What You Could Potentially Receive Through a Traditional Retail Sale. In exchange, a direct sale may offer advantages such as a simpler process, fewer repair requirements, and greater certainty about the transaction. We'll explain our offer rather than simply giving you a number and asking you to accept it. And there is No Obligation to Accept an Offer From Us.
What Information Do You Need? To get started, we don't need a complicated application.
Initially, we'll generally need: - The property's address or parcel number
- Any information you have about delinquent taxes, liens, mortgages, or other claims
- A brief description of the property's condition
- Your understanding of the upcoming auction or other applicable deadline
Submit Your Property for Review We'll review the information and let you know what we think the realistic options are.
What About the Belongings Inside the Property? That's up to you. If you sell the property and leave personal belongings behind, we'll discuss with you in advance what should happen to them.
Depending on the circumstances, we may be able to help arrange for items to be: - Removed and stored for you
- Left for you to retrieve
- Disposed of if you no longer want them
- Set aside if we find items that appear to have personal or sentimental value
We understand that a property can contain decades of memories—not just furniture and things that need to be thrown away. If there are photographs, documents, family keepsakes, or other personal belongings you want to preserve, Let Us Know!
What Happens After I Contact You? We'll start by learning about the property and your situation. We'll then determine whether we believe we can help and, if so, what a potential purchase might look like. You are not committing to sell simply by contacting us. You Should Have an Opportunity to Understand the Proposed Terms, Ask Questions, and Decide Whether the Transaction is Right For You Before Signing Anything. If we can't purchase the property—or if we believe another approach may be better—we'll let you know.
If You Are Considering a Sale, Don't Wait Until the Last Minute
A tax-auction deadline can leave very little time to evaluate a property, negotiate a transaction, complete the necessary due diligence, and close a sale. If You Are Considering Selling, Contact Us as Early as Possible. More time generally gives everyone more opportunity to understand the situation and determine whether a transaction is actually feasible. We cannot guarantee that we'll be able to purchase every property, particularly when an auction is imminent. But if you give us the opportunity to review your situation, We'll Give You an Honest Assessment of What We Believe We Can and Cannot Do.
Start With Your Property Information Submit Your Property for review. There's no obligation to accept an offer.
Our goal is simple: To Help You Understand Whether Selling is a Reasonable Option For You — And, if it is, Determine Whether We Can Make a Fair Proposal Based on the Property and Circumstances. | |