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Elephant Home Buyers (301–798–4298) is the Washington DC area’s premier real estate solutions company. We are a DC based cash home buyer that can buy homes from anyone that is looking to sell fast…

Are you dealing with delinquent property taxes in Greater Washington DC Area? If so, you might be nervous about losing your home or coming up with the cash to pay your debt. The good news is that you have solutions available to you! Learn more about how to handle your difficult property tax problems in our latest post!

Dealing With delinquent taxes can be a nightmare. The costs can snowball quickly. What starts as one small debt, can quickly rack up fees, penalties, and even interest. Getting behind on your property taxes will have major impacts. After all, it is these taxes that pay for the infrastructure for your city and beyond. Not paying them will have severe penalties. In some cases, you can even lose your house to foreclosure!

What Can Happen

When your taxes go unpaid for too long, the county will issue a lien against your property until the funds are repaired. Eventually, the city will auction off the lien and you will be forced to pay the taxes or worry about the lien holder foreclosing on you. Of course, it takes a while to get to this point, but losing your house is a real threat of delinquent property taxes. It is important that you take the necessary step in order to keep from losing your house.

What You Can Do

You have a few options when you are dealing with delinquent property taxes. The first and most obvious choice would be to pay them back. However, this is easier said than done when you have struggled to pay them in the first place. You can choose to get a loan to pay off the taxes, but then you are merely replacing one debt with another. However, it can help if you are on the brink of losing your home. Even if you can only make payments toward your debt, the county is likely to work with you before selling your debt to the highest bidder.

You can try to negotiate the amount the property assessor has valued your home. Make sure they have all of your property data correct and look at what they assessed in comparison to what properties in the area are selling for. If you see a something that seems off, take it up with the appraiser and see what you can do about getting your taxes lowered. Getting them lowered may be a bit of a challenge. Before you call the appraisers office, collect all applicable data so you can go into it well prepared and well informed.

Your third option would be to work with a buyer who is willing to help you tackle the liens and back property taxes you are facing. When working with a private buyer, make sure you are still receiving a fair price, no matter how desperate your situation might seem, you should always be treated fairly and receive an honest price.

How Elephant Home Buyers Can Help

Elephant Home Buyers is a team of professional homebuyers who can help you by purchasing your home outright. We will take care of the back taxes, liens and anything else that is stopping you from selling the house in the traditional manner. You don’t have to feel stuck, burdened or feel exhausted by the amount of debt you are facing. We have worked with people all over the Greater Washington DC Area area who were dealing with property tax problems. Let us help you by using our knowledge and expertise to get you out of the situation fast!
Do you have delinquent property taxes on your Greater Washington DC Area house? We are here to help you with solutions! Send us a message or give us a call today! 301-798-4298

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Do you need to sell a house that needs work? You don’t have to feel stuck or fearful of all the impending expenses! We have put together some great tips to help you sell your Greater Washington DC Area home… even if it needs some work!

Many people hang on to a house that needs work because they don’t have the time or money to fix it. This inevitably costs more money in the long run, not to mention the stress and hassles that come from a run-down house.

There are many people out there who will buy your house for a great price, freeing you from the property and the burden of making repairs. The strategy of selling is a bit different, and with our tips, we can help you sell your Greater Washington DC Area house quickly and for a great price!

How to Sell a House That Needs Work in Greater Washington DC Area

Fix What You Can

There are many things that can be repaired relatively inexpensively while still making a strong impact. A fresh coat of paint can go a long way. Repairing holes in the walls, cleaning the carpets and adding new fixtures are all great ways to fix up the house without breaking the bank. We also recommend repairing the roof and cleaning up the yard. Curb appeal has a major impact on a potential buyers perception of the home. If their initial impression is of a neat and tidy yard, they will have a more open mind when viewing the rest of your home!

Get Your House in Front of Serious Cash Buyers & Investors

You can do this by networking in investment and real estate groups. Get the word out about your home and help people to see the potential value. Run the numbers yourself and let people see what it will cost to repair vs. the value of the home when it is complete. Being able to communicate the value of your house to potential buyers is very important when selling a fixer-upper.

Play Up What’s Good

Even if the house has areas that require major improvements, there is bound to be something about it that is appealing! Maybe it’s in a great location or features custom, built-in cabinetry. Focus on the positive and the potential of the property once it has been fixed.

Be Upfront

While you want to play up the good features you also need to be 100% honest about what is wrong with the house. By disclosing everything you know, you can address it head-on as opposed to after the inspection has been done. You don’t want to set yourself up for a lawsuit by concealing a potentially deal-breaking fact about the property. Plus, it’s the right thing to do.

Call For Offers and Wait

One strategy many people use is to call for offers and wait. Let it be known that you are widely advertising the property, and will be taking any and all offers into consideration. Set a specific date as to when an offer will be accepted. This will create a sense of urgency and will potentially pit multiple investors against one another in a battle for your home.

Help People Use Their Imagination

No matter what shape the property is in, you can do some things to set the mood. Is it a nice day? Make sure the windows are open to let the breeze come through. Stage the home to the best of your ability and clean up as much as possible. You can even find free interior design or room planning software to show what the potential of the room with a few renovations. Help your potential buyers see what could be!

Do you own a fixer-upper property you need to sell in Greater Washington DC Area? We can help! Send us a message or give our team a call today! 301-798-4298

Are you holding on to a property in Greater Washington DC Area and you aren’t exactly sure why? Every day that you continue to own the property, you are spending money on it. Before you hold on to it for another day, consider the below points. It might be time to think about selling your Greater Washington DC Area home! How much does holding a property cost in Greater Washington DC

Area? Keep reading to find out!

Ask any property flipper and they will tell you this: the faster you make the flip, the more money you will make. Plain and simple, owning real estate costs money. And if you are holding on to the property for sentimental reasons or because you “might” use it one day, you are only throwing your money away. The property you own should be working for you NOW. It can be your primary residence, providing a monthly income, or be used for recreational purposes. If your Greater Washington DC Area house isn’t doing one these things, it might be time you consider selling it!

Costs of Holding A Property In Greater Washington DC Area

Property Taxes

Property taxes can be high With recent changes to the tax code, they are no longer deductible either. As long as you are listed as the owner of the home, you will be responsible for the taxes on it. By selling your house in a timely manner, you can immediately end your tax obligation for the home.

Utilities

Monthly utilities add up quickly. If you were to add up the amount you’ve spent on electricity, water, gas, tv, and internet you might be surprised at how high that number is. Even if you aren’t residing in the home while selling it, you will still need to keep the lights and the water on for the people who come to see your house. If your house is older and less energy efficient, you are likely to have utility bills significantly higher than what you would find in a new home.

Maintenance & Repairs

A good rule of thumb for maintenance costs is the one percent rule. This rule states that you should plan to spend about one percent of your purchase price on maintenance each year. For example, if your house was purchased for $250,000, you should plan to spend about $2,500 on home maintenance each year. Of course, these numbers can vary widely, but many investors use this formula to estimate costs.

Homeowners Insurance

The premium for a homeowners insurance policy will vary based on the house and its location. You can expect to pay over $1000 annually for an average Greater Washington DC Area home.

Mortgage Payments

It can be difficult to come up with a mortgage payment each and every month for a property you don’t want to own. The average mortgage payment nationwide is well over $1000 each month. Some people are struggling to pay thousands of dollars each month when in reality they would be much better off selling the property.

Opportunity Costs

What else could you be doing with the money you have tied up in the house? You could very well be missing out on a better home or investment opportunity. Look around at what else is out there and decide if you are truly happy with your current situation. If your property isn’t doing anything for you, it might be time to find something new!

As you can see, selling your home now as opposed to later can help you keep more money in your pocket. For every day you continue to own it, you will also continue having to be financially responsible for it. The bills and maintenance costs add up quickly. Run the numbers for yourself and make the decision that makes the most sense for you!

Are you holding onto a property you aren’t using? We can help! Send us a message or give us a call today! 301-798-4298