HomeVestors - Turning Point Investments, Hudson, MA, 01749 - 508-372-1361mike.yerardi@homevestors.com

America's Source of Affordable Homes...

 

Why should I sell my home to an investment company over listing with a realtor?

You can get a fast offer on your home:

Many times homeowners need to sell their home fast. In these cases real estate investors can help in a big way. Typically real estate investors (like Homevestors - Turning Point Investments) are able to make an offer the day they look at your house. The real estate investment company will research your home and comparable properties before coming out to meet. At the time of the meeting they will just need to verify any repairs or modifications they feel would be needed. From there they are able to make you a same day offer.

No Realtor Fees:

Realtors are not required for a homeowner to sell their home. For this reason, selling to an investor (without a realtor) can save you tens of thousands of dollars. Some homeowners may be a little weary of not having a realtor in the sale of their home. But homeowners can rest easy because it is the law in Massachusetts to have at least one licensed Real Estate Attorney close the sale. The closing Attorney can be provided by either the buyer or the seller. However, in most cases both the buyer and the seller will have their own representation review the closing documents.

No Home Inspections - No repairs:

Arguably the biggest draw to selling to a real estate investor is the fact that the homeowner typically is not asked to make any repairs to the property. An investor may do their own walkthrough but typically there is no formal inspection. This means that there is no back and forth on price because of repairs needed. In addition to the reasons above there are many situations on why a homeowner may sell their home to a real estate investment company. Situations such as facing foreclosure, relocation or job transfer, divorce, retirement, liquidating assets, inherited property, job loss or having trouble paying the bills. Real Estate investors are able to help homeowners in many tough personal and financial situations creating a "win-win" outcome for both sides.

 

 

What is an Ice Dam? And why you should be worried:Roof Ice Dam Chart

We all remember the winter of 2014-2015. Record snow fall caused clogged streets and ice dams on 99% of the roofs as we drove down the street. Many homeowners’ ice dam issues were caused by back to back to back snow storms. As we saw the ice dams start to form, many of us rushed out to the hardware store, searching for that last roof rake or those roof-melt pucks to alleviate the problem. Even worse, some of us surrendered to breaking out our ladder and hammer to chip away at the ice for hours on end. Before we get into why you should be worried about ice dams, let’s talk about the definition of an ice dam.

What is an ice dam?

An ice dam is a ridge of ice that forms at the edge of the roof and prevents melting snow (water)
to drain off the roof and into the gutter or to the ground. As ice begins to form and snow continues
to melt, the ice dam grows bigger and bigger. The more snow on the roof the bigger the ice dam has the potential to grow. Melting snow (water) will back up behind the dam and leak into the home causing damage to insulation, ceilings, walls, floors and other areas.

Why you should be worried about ice dams:

Moisture that enters the home from a melting ice dam will in fact lead to the growth of mold and mildew. Mold and mildew growth can lead to severe respiratory problems especially in children. It is extremely important that if you do in fact have ice dams form and cause issues inside the home that you immediately dry out any areas of the house that are wet or damp. In most homes is seems that some form of ice dam is inevitable when the snow falls. As long as we keep an eye on our roofs and rake the first couple feet of the roof every snow storm, we can manage our ice dams and avoid major problems in the colder months.

 

 

5 things you may not know about inheriting a house:


There is nothing more emotional than dealing with the passing of a loved one. There comes a time when you’ll have to decide what the next step is with their home.

1. Current bills will take priority:

When inheriting a home you will basically have two options, you could either sell it fast (to a company like HomeVestors - Turning Point Investments) or rent it out. This decision becomes more complex when more than one person inherits a house. Each beneficiary will most likely be a different financial situation than the next. One sibling may need money right away and in their case it makes sense to sell fast. Another party may be stable financially and would like to rent the home and collect income and manage tenants. In the end, there may be a lot of sentimental value in the home but if the beneficiary has personal bills to pay it would seem ideal to sell and move on.

2. You could get a large tax break:

When you sell an inherited home, even if it has increased in value significantly since it was bought, you won’t pay capital gains tax on the increase in value. When you sell the property, any capital gains tax owed is only based on the increase in value since ownership was transferred.

3. You may have to pay other large taxes:

Depending on the value of the estate, you may have to pay both federal and state taxes. Typically state taxes will be much lower. You could also be hit with an inheritance tax.

4. Even if you inherit a debt free home it could cost you:

If you have inherited a home free in clear it will be the best scenario. However, even if this is the case you will have expenses of keeping up the property. Costs like property taxes, home insurance, electric, water, sewer, landscaping, snow removal, general maintenance etc… These expenses can put a large strain on you and your family’s personal finances.

5. You can inherit more than just the home:

Many times family members inherit a lifetime of belongings with sentimental value. It can be hard to go through everything without feeling the guilty about disposing of items. This can lead to family members getting into conflict about how to divide items or who will take care of organizing and disposing of things that will not be kept. It is a very emotional process that can put a lot of stress on family members. For this reason many families let months and months go by before they decide to start the cleanout process.

If an inherited home is left untouched for months, costs can start to pile up very quickly and deferred maintenance can decrease the value of the estate. For this reason many families decide to sell the home quickly to an investment company. A company like Hudson, MA homes can help a family move quickly in this emotional time.