Why People May Need To Sell

Everyone loves the idea of owning their own home. Some want to accumulate several homes! But what are some reasons that someone may need to sell their house? It probably wasn't the plan, but the market exists because there are constant buyers and sellers of houses here in Pittsburgh.

Here is a list of reasons many people end up needing to sell their house:

1. Inheritance

Many times a family member inherits a property from their parents or a sibling. The property may be in a different state, be under construction, or may be very outdated. Not only would they be responsible for the taxes, insurance, and upkeep, but if it is out of date, the new owner would have to renovate it if they want to have any real use from the house. These people generally don't want the added expense, or can't manage multiple properties at once, and find it much easier to liquidate on the home they just inherited.

2. Delinquent taxes

Taxes are required on houses in Pittsburgh. You must pay each year in order to help fund for schools and other local government funds. If a homeowner doesn't pay their taxes overtime, this liability can compound and get to be too much to handle. A lot of times, homeowners will sell in order to pay off the liability and reduce that expense in the future. This is very common for vacant houses or distressed houses in Pittsburgh.

3. Distressed Property

Everyone has seen the ugly house on the street, with high grass, broken windows, and a leaning porch. These may have been a property the owner intended to rehabilitate and never got to it, or couldn't afford. This is very common to see and the homeowners generally would like to receive an offer of cash for their house in order to get out of the situation.

4. Divorce

Divorce can be not only mentally and emotionally draining, but financially as well. If a couple owns a property they may need to liquidate in order to cover their liabilities to the spouse, or give ownership to the property. Many times the now single individual can't afford the home as the other person's income is no longer in the mix. This is very common to see with properties that must be sold quickly.

5. Landlords

Landlords have the ambition to accumulate massive amounts of property to build their empire. They envision owning several buildings and living the passive income lifestyle. The unfortunate truth is many will fail to understand the risks and obstacles that pop up. This can be difficult if they no longer have available cash to take care of big repairs or multiple evictions at once. Many times we see landlords who just want to exist the business and find it very attractive to sell their house for cash without dealing with inspections and contingencies.

Yes, everyone loves the idea of owning property, but it can be very difficult in the process. We've worked with hundreds of sellers all around the Pittsburgh region, and seen many different situations. It can be very difficult to manage a lot of life events that pop up unexpectedly. Regardless off the issue, you can always sell your house for cash to us and receive an offer within 24 hours!