What are some common reasons clients sell and choose us in Pittsburgh PA?
Owning a home comes with a LOT of responsibilities and sometimes that is hard to balance– We get it! There are so many reasons clients sell and that is exactly why We Buy Property is here. We offer a CUSTOM solution that will fit your needs. A lot of the reasons clients sell or we see people wanting to sell are the following:
Behind on taxes
Probate Situations (inheriting a burdensome property)
Divorce
Needs extensive repairs
Bad Tenant
(or just tired of being a landlord)
Code Violations
Downsizing
Foreclosure / Pre-foreclosure
1. Selling to Pay Taxes
People often sell real estate or other assets (like cars, boats, or even business assets) to pay off their back taxes. This may be done to:
Access immediate cash: If someone is behind on taxes and facing penalties, selling assets can be a way to quickly gather the cash needed to pay the debt or make a payment arrangement.
Avoid a lien or foreclosure: Selling the property before the IRS or local government seizes it is one way to prevent further financial and legal consequences.
2. Probate Situations
Selling a house during probate is a common situation, especially if the deceased person’s estate needs to pay off debts (including taxes) or if there are no clear beneficiaries to take over the property. Sometimes, it also happens when the inherited property needs to be fixed and the owner just don’t have the time or resources to do it.
3. Divorce
Selling property during a divorce is a common solution for dividing assets, resolving debt, and providing both spouses with the financial means to move forward. Whether it’s to pay off joint debts, divide the value of the family home, or one spouse simply can’t afford to keep the property, the sale of real estate is often a crucial part of the divorce settlement. In addition to financial reasons, emotional factors like the desire for a fresh start or a clean break also play a significant role in the decision to sell.
4. Needs extensive repairs
Selling a property that needs extensive repairs can be a practical decision for a variety of reasons, including financial constraints, lack of expertise, time limitations, health or safety concerns, and a desire for a clean break. In some cases, selling the property as-is is the easiest way to resolve issues with the property, avoid significant costs, and move on with life. Additionally, market conditions may make it possible to sell the home for a reasonable price, even without repairs. If you’re considering selling a home that requires substantial work, working with an investor, or a property flipper can help you determine the best way to proceed. The good thing is, We Buy Property purchases houses as-is!
5. Bad Tenant
Landlords may decide to sell a property because of a bad tenant for a variety of reasons, including financial losses, damage to the property, emotional stress, legal challenges, and the time commitment required to address tenant-related issues. In many cases, selling the property is seen as the easiest and most financially prudent option, especially if the landlord feels overwhelmed by the tenant’s behavior or unable to resolve the situation. While some landlords may choose to deal with the issue by evicting the tenant or making repairs, others find that selling the property provides a clean break and allows them to move on from the difficulties of managing a problematic rental.
6. Property with Code violations
Selling a house with a code violation can be a practical decision for many homeowners, especially when the cost of repairs, time, effort, and potential legal or financial complications make it difficult or impractical to fix the issues themselves. Code violations can cause significant stress and can decrease the value and marketability of a property, prompting some homeowners to sell rather than deal with the costs and challenges of bringing the property into compliance. Whether the violation is related to safety concerns, illegal renovations, or other issues, selling the property to a buyer who is willing to take on the repairs (such as a real estate investor or cash buyer) can be an attractive option for those looking to move on from the property quickly and without further complication.
7. Downsizing
People downsize for a wide range of reasons, from financial considerations like reducing mortgage payments and taxes, to lifestyle changes such as moving closer to family, reducing maintenance, or simplifying their lives. The decision to sell and downsize can be driven by personal, emotional, financial, and even environmental factors. Whether it’s for a smoother retirement, lower expenses, or simply a desire for a change, downsizing offers a way to live more efficiently and comfortably in a space that better suits one’s current needs and circumstances.
8. Pre-Foreclosure or Foreclosure
Homeowners in pre-foreclosure or foreclosure typically sell their property to avoid the significant negative consequences of foreclosure, such as damage to their credit, financial distress, and legal challenges. Selling can offer a way to regain control of the situation, pay off the mortgage or reduce debt, and move on with their lives. Whether through a traditional sale, short sale, or sale to a cash buyer, selling a property before foreclosure can help homeowners mitigate the financial and emotional damage caused by the foreclosure process.
Are you in any of these situations and want out of it? Call We Buy Property today at 4125334127 or fill out our form below for us to help you get out of your sticky situation.
Is Selling Your Home Fast for Cash the Right Move?
This question is a trick question. A lot of investors pitch this and it is NOT always the right move. Set up a call with us to discuss what other options you have. A great example of selling your property in Pittsburgh to a cash buyer would be being extremely behind on mortgage payments and are threatened with foreclosure. At that point, we would recommend selling for cash as an option. However, that is not the only option! There are different reasons clients sell and a cash offer may not necessarily fit their goal. Below are some other ideas that we may suggest:
Allowing us to take over mortgage payments
Upgrading you from being a landlord to being our lender;
Seeking retail/foreign investors utilizing our agent marketing strategies
What’s the difference of Selling and Listing my house? Is there any benefit of just selling it to We Buy Property?
Selling
Directly selling to a cash buyer like We Buy Property
Get a fair cash offer within 24 hours and choose your closing day.
(1) Receive a cash offer in 24 hours
- You can receive a cash offer typically within 24 hours of submitting information about your property. This is much quicker than listing , where it might take weeks or months to receive offers and actual sell your property.
(2) Choose your closing day
- One of the benefits of working with cash buyers is the ability to choose your closing day. This gives you control over the timing of the transaction, which can be especially helpful if they need to sell quickly due to a personal situation (job relocation, divorce, financial distress) or if they simply want to coordinate the sale with the purchase of a new home.
Zero fees. Zero commissions. No closing costs.
(1) Zero fees and no closing costs
- With cash home buyers like us you don’t need to pay for the traditional fees when listing the proprty, we would even pay for closing costs!
(2) Zero Commissions
- With Cash Buyers: Since you’re working directly with the buyer (often a company or investor), there are no real estate agents involved, so you don’t have to worry about paying commission fees. This can save you a significant amount of money.
No Open Houses – No Hassles
(1) No Strangers Walking Through Your Home
You don’t need to show your house everyday or to a ton of people because in selling your house to us, there would be no open houses!
(2) Privacy
Without an open house, you don’t have to worry about people entering your home when it’s not convenient for you. You also avoid the possibility of strangers wandering around your property without any serious intent to buy.
(3) No Need for Frequent Showing
Instead of scheduling multiple showings with potential buyers, working with a cash buyer usually means a single offer and a more direct, streamlined transaction.
We will cover repairs if needed.
We would base our offer on the “as-is” condition of the home. This means:
- If your house needs repairs, you don’t need to make those repairs or spend money fixing up your home.
- If the home does need repairs, we will either handle them.
Listing
Asking an agent or realtor sell your house on the market
It could take months to sell your house to someone
(1) Long waiting to find a buyer
- It might take weeks or months to receive offers and actual sell your property because there are inspections, repairing the property, showings, and waiting to make an offer.
(2) You cannot choose your closing day
- Since you will list the property, there would be a long process and after the showing, it would be up to the buyer to define when he can buy it.
Fees and commissions add up
(1) A lot of fees and pay for the closing costs
- When you sell your home through listing, you typically have to pay various fees—real estate agent fees, administrative fees, inspection fees, etc.
(2) Pay for Agent’s Commissions
- Of course, getting a real estate agent to market your home means you have to pay for their commissions which usually range from 5% to 6% of the sale price, often split between the seller’s and buyer’s agents.
Open Houses and disruptions to your life
(1) Strangers at your house
- Open houses typically involve inviting a group of potential buyers into your home to look around. This can be intrusive and inconvenient, as you’ll need to clean and stage the house, and sometimes leave during showings.
(2) No Privacy
- An open house means you need to show it to people even if they don’t have a serious intent to buy, or even just to strangers wanting to feel some free air-conditioning. This results to random people wandering around your property.
(3) Frequent showing to Random people
- To get a buyer, you need to show your house to multiple people and this means multiple showings (which may fall through or be rescheduled). What a hassle!
You may be asked to make repairs
- When you sell a house through a traditional listing, one of the most common steps that can complicate and delay the process is the inspection and repair phase. This can significantly delay the sale and reduce the final sale price if extensive repairs are needed. Buyers often use inspections to identify potential issues, and if significant problems are uncovered, the buyer may request repairs, credits, or a lower price.
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