A house you purchased at one point in your life may not be the right house for you today. The good news is that you don’t have to hold onto your house forever! Learn about the easiest way to sell your Atlanta house in our latest post! There are a number of reasons people decide to sell their homes. For some properties and situations listing with a Atlanta real estate agent makes sense. For others, a direct sale offers the speed, price, and convenience a homeowner may need. Below are some signs that its time for you to sell your house in Atlanta ! It’s Too BigMaybe you bought a house 30 years ago that was spacious for you and your growing family. Today, however, the kids have moved out and you are left living in a house that is way too big for your current needs. While you may have many memories in the house, it can become difficult to maintain. By selling your property, you’ll be able to find the perfect home for your needs, while opening the doors of your old house to a new family, ready to make memories of their own. It’s Too SmallMaybe you bought a house a few years back, however, it doesn’t have enough room for your growing family. While you may be comfortable today, your kids will only want to share a room for so long. You might also enjoy having a guest bedroom, 2 car garage, office, or exercise area… things you hadn’t prioritized so highly in the past. You don’t have to feel cramped or obligated to the house. By selling directly to Cash Homebuyers Atlanta you can sell fast without any cost or effort. Extensive RepairsFor many properties, the repairs can snowball over time. To get the property in the condition you’d like will take more time and money than you’d like to spend. You don’t have to feel obligated to fix it up or feel stuck living in it forever. A direct sale to Cash Homebuyers Atlanta will let you sell your house exactly as it stands today! Listing a house in poor condition can end up costing a fortune upfront. You’ll Make a Tremendous ProfitDid your neighbor just make a fortune selling their house? If this is the case, it might be time to test the waters by putting your house on the market too. Potential buyers will be looking at recent sales in the area and seeing the price of the recent sale down the street can easily boost the comps for your property. Even if you had planned on living in the house forever, for the right price, a move might be well worth it. You’re Ready For A New NeighborhoodOnce upon a time, you loved living in a walkable neighborhood with many shops and restaurants nearby. However, now you are looking for something a bit quieter, without the noise, foot traffic, and parking issues. Sometimes what we want and need in a neighborhood can change over time. Or maybe your neighbors and neighborhood have changed, no longer giving you the vibe you once loved so much. You’re Looking For Better SchoolsPeople will often buy a house without giving much thought to the school district. But as you start a family and your kids get older, you develop a greater interest in the education of your children or future children. School ratings are used by home buyers both with and without kids. Great schools will typically lead to a better neighborhood overall. If you need to sell in a specific amount of time to ensure your children start off the school year in their new home, a direct sale can be the best option! You’re Dreaming Of Something ElseMaybe you have always wanted to buy a house out in the country. Or a house along the river. Or maybe you want to relocate to the heart of the city. If there isn’t anything holding you back, selling your house will allow you to make your move. Ask yourself, if not now, when? Sometimes we become so comfortable in our living situation that we forget there are other places and ways to live! Trying something new can be exciting and beneficial for you in many ways. You’ve Lived There Long EnoughMaybe you have been ready to move out since day one but hesitated because of the loss you’d likely take. According to many experts, you will need to live in the house for at least 5 years before you can really turn a profit on the sale. Buying a house can be expensive when you consider the down payment, loan origination fees, and repairs. You need to account for what you have spent on the property when you are calculating how much you are really making when you decide to sell. If you need to sell your house in Atlanta , find out what we can offer you! Contact us today! 770-769-5295The post 8 Signs It Is Time To Sell Your House In Atlanta appeared first on Cash Home Buyers Atlanta. from https://www.cashhomebuyersatlanta.com/8-signs-it-is-time-to-sell-your-house-in-atlanta/
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Having lousy renters can make being a landlord very frustrating, expensive, and time-consuming. In our latest post, we discuss some ways to deal with a bad tenant in Atlanta . Nobody wants to have to chase rent, make endless repairs, or deal with tenants who don’t treat the property with respect. Ideally, most landlords are looking for a low-maintenance, easy to get along with tenant, that will hopefully stay for an extended period of time. Unfortunately, this isn’t always the kind of tenants Atlanta real estate investors end up renting to. Below, we offer our tips to help landlords handle difficult tenants and situations most investors will find themselves dealing with at one point or another. Dealing with a bad tenant may be frustrating, but it’s not impossible. Don’t Rent To A Bad Tenant In The First PlaceSometimes this is easier said than done. However, performing a thorough screening and background check can help you eliminate some tenants that might cause you problems. This isn’t an area where you want to save some money. Don’t skimp when it comes to thoroughly screening your potential tenants. Hire a company or run the reports online using companies like Cozy or SmartMove. In addition to properly screening your tenants, your lease will need to be iron clad, covering every possible situation. You don’t want to have something you overlooked or a missing clause come back to bite you. No matter how long your lease gets, try to touch on as many areas of contention as you feel would be possible. Having the responsibilities and roles of both the landlord and tenant clearly laid out should help to minimize any disputes in the future. Try ReasonThe first step is the most obvious, yet often overlooked. When handling a difficult situation with your tenant, it’s important you take a calm and collected approach to the situation. Don’t ever try to talk to your tenants about a problem when you are upset. No matter the situation, always retain your sense of professionalism and level-headedness. Nothing will get accomplished if tempers flare. Calmly bring up the problem with your tenant and let them know their actions are causing problems. Hopefully, once they see the other side, a solution can be reached. Hire Someone To HelpUsing a property manager to take care of your rental will greatly limit your contact with tenants. Your property manager will be in charge of collecting rent, imposing fines, scheduling repairs, handling maintenance, and any other services you require. Your property manager should be skilled in conflict resolution as well as the laws surrounding the situation. Their methods of handling a difficult situation should be handled methodically and by the book. When hiring a property manager in the Atlanta area, you can expect to pay about 10% of what the property is bringing in each month. Try To Strike A DealOnce you have tried other methods, you might consider trying to strike a deal in order to get them out of the house quickly. Ask them to vacate the property, and in return, you will not take them to court or put them through the eviction process. Nobody wants an eviction on their record, and most landlords don’t want to deal with the process of going to court. By asking them to leave, with no further action can be best for everyone involved. Sometimes, in order to get them out without a fight, you have to be willing to cut your losses. Evict ThemIf your tenants are in direct violation of their lease, you can begin the eviction process. It is important to keep accurate records of contact, making sure everything is also conveyed to your tenants in writing. You will want to adhere strictly to the eviction laws as they apply to your situation. Failing to do so can cause the court to side with the tenant, leaving you stuck with the bad tenants at least through the end of their lease term. Evictions can ultimately cost you a few thousand dollars. You don’t want to spend all that money for nothing. Know When To Walk AwayIf you are dealing with a constant turnover of renters or a string of bad tenants, maybe the Atlanta investment property isn’t the right one for you. A sign of a good investor is knowing when to cut their losses and walk away. If a property simply isn’t performing for you, is causing you stress, or is taking up too much of your time, it might be wise to consider putting your money into a different investment. There is no rule that states you need to hold to a property forever. Don’t settle, find what is right for you! If you’re dealing with bad tenants in Atlanta , our team is here to help. Send us a message or give our team a call today! 770-769-5295The post 6 Ways To Handle A Bad Tenant In Atlanta appeared first on Cash Home Buyers Atlanta. from https://www.cashhomebuyersatlanta.com/6-ways-to-handle-a-bad-tenant-in-atlanta/ Ready to sell your house in Atlanta or the surrounding areas? Learn more about the pros and cons of hiring an agent vs. selling to an investor in Atlanta ! What many people don’t realize, is that there are many ways you can go about selling your home. You are not required to hire an agent, pay commissions, or even clean-up. In some situations, an agent is great. While in others, a direct sale to a private buyer of investor is the better choice. Keep reading to learn about the pros and cons of hiring an agent vs. selling to an investor in Atlanta ! Agent ProsPotentially Higher Sale PriceWhen you work with a Atlanta real estate agent, there is a chance you will receive a higher final sale price than if you would have sold directly. This is due to increased exposure and the opportunity to tell more people about your house. Keep in mind, your costs will also be much higher, so run the numbers ahead of time to find out if listing really is the right choice for you. Handling The DetailsWhen you work with a professional and qualified real estate agent in the Atlanta area, they are sure to take care of the paperwork, showing, and marketing of your home. When you opt for an FSBO listing you will have to handle these things on our own. With a direct sale to Cash Homebuyers Atlanta, you can rest assured that we will handle all of the details too! Agent ConsCleaning & ShowingsPutting a home on the MLS requires it to be thoroughly cleaned before it is put on the market or seen by any potential buyers. In some cases, you will need to hire a professional cleaning company or rent special equipment for things like carpets and sidewalks. Extensive ExpensesNot all agents are full service, leaving you with a laundry list of expenses to take care of. Some agents will only list the property, leaving you to handle the marketing, showings, open houses, printed materials, signage, and administrative costs. While this is included in some agent’s commission, in other cases, it is not. It Can Take MonthsWhen you work with a Atlanta real estate agent, there is no guarantee if, or when the property will sell. In some situations, the house can sit on the market for a long time. This leaves you with the insurance, property taxes, mortgage, and utility bills for many months to come. Investor ProsA Fast SaleWhen you sell your house directly to Cash Homebuyers Atlanta, you’ll be able to sell the property in days, not weeks or months. This can potentially save you thousands in holding costs. You will no longer need to pay for utility costs, homeowners insurance, property taxes, repairs, routine maintenance, and all the other expenses that come along with being a homeowner. No CostsSelling to a company such as Cash Homebuyers Atlanta will allow you to sell your Atlanta house without any commissions, repair costs, continued holding costs, marketing expenses, or hidden fees. We will handle everything, helping you to keep a ton of money in your pocket. Simple ProcessOur process is simple and direct. You won’t have to deal with property showings, an unknown closing timetable, or delays in the transaction. Selling your Atlanta house doesn’t require you to spend money or live in limbo. Investor ConsLower Sale PriceTake this one with a grain of salt. While the final sale price will likely be higher when working with an agent and private buyer, the costs you encounter can completely negate these profits. Marketing, repairs, commissions, and closing costs will eat away at that sale price. Run the numbers if your method of selling is financially motivated. In some cases, a direct sale to Cash Homebuyers Atlanta can be the more profitable choice. We can help you decide whether hiring an agent or selling to an investor will be the right choice for you! Get in touch with us today to learn more! 770-769-5295The post Pro and Cons of Hiring an Agent vs. Selling to an Investor in Atlanta appeared first on Cash Home Buyers Atlanta. from https://www.cashhomebuyersatlanta.com/pro-and-cons-of-hiring-an-agent-vs-selling-to-an-investor-in-atlanta/ As a landlord, you want to see a profit from your property. You will also want to be fair to your tenants and any potential renters. This will ensure long-term occupancy, referrals, and true profits from your rental properties. In our latest post, we’ll help you determine when it’s time to raise the rent in Atlanta . Some landlords have trouble raising the rent or don’t do it as often as they should. While it doesn’t always make sense to increase the rental amount by leaps and bounds, you don’t want to sell yourself short either. Below, we’ll offer some ways to help you decide if its time to raise the rent on your Atlanta rental property. You’ve Added Value To The PropertyCertain amenities and features will make a property worth more in terms of the monthly rent. A house with a pool will likely rent for more than one without a pool (although that is a pretty big addition!) You can still get the same effect by updating appliances, adding a garden, or swapping out the flooring. There are all kinds of changes and upgrades landlords can apply to earn more in rent each month. Look for upgrades that add value, with costs that you can easily recoup by raising the rent a bit. Don’t get too caught up in renovating the property, remember it is an investment property, not a home you live in or a property you need to design with your taste. Rental Prices Have Gone UpYou want to keep the amount you’re asking for consistent with what other properties in the area are renting for. Often times landlords who are managing their properties on their own will get lackadaisical about raising the rent. Five years down the road and their tenants are still paying the same amount as when they moved in. In some cases, this can increase tenant loyalty, giving them no reason to move. But in other cases, if rent prices have spiked dramatically, landlords can find themselves losing out on thousands simply because they weren’t staying consistent with other rentals in their neighborhood. Higher Ownership CostsYou don’t want to spend your valuable time and money on a rental property just so you can break even. Higher taxes, regular property maintenance, landscaping costs, the rising cost of utilities, and expensive insurance premiums can easily negate your profits. If the property begins to cost more than what you’re making on it each month, it might be time to consider raising the rent or finding another property to better meet your needs financially. You can’t base your rental amounts solely on what you are having to pay each month. The Area Is BoomingWhen the area is in high demand, with very few available properties on the market, it can be the time to bump up your rent a few bucks. It doesn’t have to be an extreme hike as you still want to get renters in the door and you don’t want to be the landlord who is accused of price-gouging. But a few extra dollars each month can help cover maintenance, taxes, and some of the other costs homeowners face. If rent prices are on the rise, there is a good chance property values are too. This could mean a higher tax bill for you, so plan accordingly. Knowing What To ChargeThere are some great ways to help you determine how much to charge for Atlanta rent. Many landlords utilize the 1% rule that states that the amount charged in rent each month should be 1% of the value of the home. For example, a home valued at $230,000 should rent for about $2,300 per month. If your house is more expensive, you’ll want to drop a bit below the 1% rule as rents will become too high for the average tenant. Next, take a look at what comparable properties are renting for in your neighborhood. You’ll want to find that sweet spot between making as much as possible, while still being able to attract high-quality tenants. You don’t want to outprice the market and find yourself stuck with a vacant property. A good rule of thumb is to raise the rent by 3-5% each year. But as with anything else, there always exceptions to this rule. A landlord might keep rental costs down in exchange for a longer lease period. Assured vacancy can sometimes be worth the decreased rent. You should also factor in things like the condition of the property, the location, the current market, etc. The important takeaway here is to never sell yourself short when it’s time to raise the rent in Atlanta . Before deciding to raise the rent, be sure to check for any rent-control laws in your area. Is it the right time to raise the rent in Atlanta ? Our team can help! Get in touch with us today for more information! 770-769-5295The post How To Know When It’s Time To Raise The Rent in Atlanta appeared first on Cash Home Buyers Atlanta. from https://www.cashhomebuyersatlanta.com/how-to-know-when-its-time-to-raise-the-rent-in-atlanta/ |
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November 2020
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