Selling your home at a lower-than-market-value price to a fast cash buyer can have both financial and psychological benefits, depending on your situation. A fast sale can reduce the overall stress associated with selling a home, reduce the risky prospect of investing in home improvements, and free you from many emotional entanglements associated with a shared property.
Experience Less Stress
A recent poll found that selling a home is more stressful than divorce, the death of a loved one, becoming a parent for the first time, or planning a wedding.
Most people purchase rental property and become landlords as a way of making some extra money. However, there are other perks to becoming a landlord that are not mentioned as often as financial gains. As you're deciding whether or not purchasing rental property is the right choice for you, be sure to keep these lesser-known perks of being a landlord in mind:
You get to meet some great people.
Many landlords (the good ones, anyways) form friendships with their tenants.
Whether you inherited a 300 acre plot of forest or a quarter acre that hosted a homestead decades ago, you might want to liquidate that asset to get some much needed cash instead. While selling a residential property with a house is complicated enough, selling raw or vacant land is even harder. Explore the common difficulties involved in selling undeveloped land and get the help of realty services to help the process go smoother.
As wonderful as it might sound to RV around the country year-round, the truth is that most RV owners just don't get a lot of use out of their RVs during the cold winter months. Whether it's because you need to save your trips for summer vacation because of the family's school and work schedules or because you're just more comfortable in your own home during the cold, winter may just not be the best time for you to spend in an RV.
Each state has a number of tenant rights organizations that provide legal assistance and advice to tenants. Whether you're renting a room, an apartment, or a freestanding house, you have certain rights and responsibilities that allow you to enjoy a safe, well-maintained property for as long as you pay rent and follow other leasing obligations. However, the legal rights you have when renting a short-term property -- such as a vacation or summer home -- are a bit less clear.