We are a recognized local leader in assisting motivated sellers get fast cash payments for their distressed homes. We specialize in homes with mold or mildew damage, and our team of experts is standing by to offer a free appraisal of your home. Call today.
Palatka Home Seller Informational Video
We take a focus on offering Palatka, Florida Home owners, who are motivated to sell fast, cash payments for their unwanted properties. Our streamlined evaluation and appraisal process means you can get a cash payment for your Home in under 30 days. Call today to learn more:
"Distressed Property" is a term in Real Estate that describes a property that is either in poor physical condition due to damage to elements such as the roof, plumbing system and foundation as well as properties suffering from financial entanglements which may prevent their convenient transfer from buyer to seller. These properties often prove difficult or impossible to sell through conventional channels because the majority of buyers seek properties that are free of these issues, and as a result distressed homes often sit idle on the local real estate market for months or even years at a time. Distressed homes can require extensive and expensive repairs, and even after the required improvements are made, the sale of these homes often requires special language be placed into the contract which can scare away otherwise interested buyers at the closing table. The protracted timeframe over which distressed property sales often take place make the process a massive burden on the homeowner, who remains responsible for all required maintenance and upkeep during the time the home is being readied for market. Even after the sale is complete, closing costs and agency commissions can shrink the final profit margin even further. We offer motivated sellers a convenient alternative to this drawn out and costly process. We can appraise your home in person after you answer a few basic questions about its general condition, often offering a cash payment in as little as 30 days. There is no obligation with our appraisal process, and the decision to sell is always yours. Talk to our team today about a fast cash payment for your home.
Selling your inherited house can come with a number of legal entanglements such as liens and estate taxes as well as the emotional burden of depersonalizing what may be a meaningful place. It can be particularly problematic in the case of default, in which the mortgage must continue to be paid or risk foreclosure in many jurisdictions. Further complicating matters, there is often a "creditor claims" period during which all assumed rights to the property are verified. During these various processes, homeowners can be burdened with the costs of everyday upkeep as well as legal expenses related to the transfer and eventual sale of the house.
Can I Sell My House with Major Foundation Issues?
We are an area leader in purchasing homes with damaged foundations and other major issues for years, and is here to offer fast cash for your unwanted property. We provide a no-obligation appraisal for your property through our convenient application process, and we purchase your home as-is so you won't have to worry about skittish buyers or expensive repairs. When you sell your house to us, we pay all of your standard closing costs. We never turn down homes with damaged foundations, because we want to offer the financial flexibility you need. We are a local leader in buying distressed homes, and can offer you the fast cash settlement you need. Talk to one of our friendly representatives for a free consultation.
Can I Sell My Palatka Home with Termite Damage?
Once you've sold your home to us, your termite damage is our problem. We handle all the repairs and renovations while keeping pace with the open connect your home with buyers…all you do is enjoy your cash payment. Selling your home through conventional real estate channels can take months, and the process can be even more difficult when a home has termite damage…so sell it to us! When you work with us, we pay all your standard closing costs, so you can get the most possible financial flexibility from the proceeds of the sale. We relieve you of the burden of a termite damaged home so you can move on to the next chapter of your life. Contact one of our helpful representatives to begin your no-obligation evaluation process.
I thought I would never be able to sell this house after the flood basically destroyed the basement and did major damage to the first floor. We were able to make me an offer I felt was more than fair, and I used the proceeds from the sale to buy an RV!
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When you call, we'll go over the details of your house with you. It won't take us long to put together the details and give you an offer You dont't have to take it, you're not obligated to us for anything . But call to get our bid, we're extremely competitive and will get your home off of your hands conveniently, so you don't have to worry anymore . Call us now for our offers!
Palatka, city, seat (1849) of Putnam county, northeastern Florida, U.S., on the broad St. Johns River, about 50 miles (80 km) south of Jacksonville. Beginning in the 17th century the area was used for cattle ranching, and the city site was a crossing point of the river. James Marver established a trading post ( c.1821) on the site of a Seminole village. The city's name came from Pilatka, a Seminole term meaning 'crossing over, ' or 'cows' crossing.' Palatka was the southernmost point on the river that oceangoing ships could reach and soon became a major transportation centre. During the Seminole Wars, Palatka was burned by Seminoles (1835), and Fort Shannon was built there (early 1840s). The settlement came under fire from gunboats in 1864 during the American Civil War and was occupied by Union troops. After the war it developed as a river port and winter resort with rail connections and had thriving tourism, lumber, and citrus industries. By the end of the 19th century, shipping, transportation, and citrus were no longer important.City hall of Palatka, Fla. Ebyabe Tourism and manufacturing (particularly wood products, including pulp, paper, furniture, and plywood) are the basis of the economy. St. Johns RiverCommunityCollege opened there in 1958. Ravine State Gardens is known for its azaleas and camellias. The annual Azalea Festival is held in March, and the Blue Crab Festival is in May. Inc. 1853. Pop. (2000) 10, 033; (2010) 10, 558.
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Distressed Properties FAQs
What are Distressed Properties? In real estate, if a homeowner suffers from financial problems, which render him unable to meet his monthly mortgage obligations, he is said to be in distress and the home is referred to as a Distressed Property. Based on the stage of foreclosure the property is in, it can be classified as a pre-foreclosure, foreclosure at auction or a bank owned home/repo home.
For more information, simply check our What are Distressed Properties? page.
How to buy distressed properties? Buying distressed homes is simple enough. You only need to determine where in the stage of foreclosure is your entry point and understand what is involved in purchasing these properties. Each stage will require a different approach, so it is also crucial you do your homework even before you search for the perfect distressed property.
To help you make sure your purchase is a success, check out the How to Buy Distressed Properties page.
How to invest in distressed properties? Considering the impressive profit potential offered by distressed properties, it is not surprising buyers are presented with numerous investment opportunities. You will find investing in these distressed homes is quite lucrative. Of course, in order to maximize the said potential, you have to make sure you know and understand what is involved in each of these opportunities.
You can refer to the Guide in Investing in Distressed Properties for more information.
How to find distressed properties? When it comes to finding distressed properties, there are actually several ways to do so. You can choose to go the traditional route and search neighborhoods or scan classified ads in newspapers. But there is actually a more efficient and convenient way - there are distribution centers.
We offer a large selection of distressed houses for sale, including pre foreclosures, foreclosures at auction and bank owned properties located in all 50 US states. You will have easy access to all relevant information pertaining to these homes with just a few clicks in your computer. Finding the best deal on a distressed property which meets your budget and preferences will always be hassle-free.
Is there a specific type of distressed properties which is more profitable to invest in? You will be pleased to know that despite the many types of distressed properties, all of them promise to be profitable. Your choice will simply have to depend on your resources and needs. Since each type of distressed home offers their own advantages, you have to determine which type you are comfortable of buying and eventually owning.
Are distressed homes always sold as is? In general, distressed properties are sold as is. For this reason, you have to conduct a thorough inspection of the property to see the extent of repair work needed. Hiring a professional inspector is strongly recommended. In few cases, the seller will agree to agree to shoulder the repair cost as long as they are minimal. It is really a matter of knowing exactly what you are buying and negotiating with the seller.
What Are Handyman Specials? Distressed properties which require extensive repair are usually referred to as Handyman Specials. They are usually sold at very low prices since the buyer will have to spend much on repair and renovation. It is important you know exactly how much it would cost you to have the property fixed up to estimate your potential profit. You can do so by working with an experienced and professional contractor.
What are Fixer Upper Homes? These distressed properties - as their name suggest - requires fixing up. Investors consider these properties as the perfect choice for flipping since they can be bought for a fraction of their market values. Obviously, you will have to order a thorough home inspection to determine how much it will cost you to repair the property. Once they have been repaired and renovated, they can be sold for considerable profit, which is why many real estate investors consider them gold mines.
What do I need to get started with distressed homes investing? To get you started on your distressed homes investing, you will need to educate yourself about everything there is to know about properties in distress from buying to cashing in on your investment. Of course, you have to understand your success will be greatly dependent on finding the best deals.
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