With the housing market in recovery, the good news is that property values almost everywhere are going up. On the other hand, though, as values increase, so do the property taxes. Sometimes, the taxes will increase to the point where homeowners can no longer reasonably afford to stay. However, it may be difficult for them to sell quickly enough to avoid the new tax season, or sell at all due to repairs on the house being needed. Samantha’s grandmother found herself stuck with exactly such a property in the Village of Clarys Forest in Maryland.
The taxes had climbed too far.
Samantha’s grandmother just couldn’t afford to keep living in the home and paying taxes that were only getting higher. To complicate the situation, the home was in need of minor repairs, which also proved unaffordable for the owner.
We worked with her over the next few weeks to finalize the deal.
Samantha had seen Express Homebuyers ads on TV, and decided to give us a call. After a few minutes discussing the property, we gave her an initial offer for the home. She decided to try her luck and list the property on the open market for a bit. After 3 days with no interest shown in the property, she called us back and said she’d like to sell us the home. She just didn’t want to deal with the hassles of selling her home the traditional way.
Samantha showed us the pictures from the withdrawn listing, and we reaffirmed our offer. She and her grandmother agreed, and allowed us to do our inspection of the home. Everything in the pictures matched the inspection, so we sent the paperwork to Samantha who gave it to her grandmother’s lawyer.
We then found out that the deeds of trust were unreleased. Luckily, we have the full capabilities to deal with such situations, and obtained the deeds without causing any inconvenience to Samantha or her grandmother. Once we had the deeds and the ratified contract, we purchased the home and freed the homeowner from her rising property taxes.
Don’t let your taxes drown you.
If you’re property taxes are rising above your threshold, there’s no need to accrue debt while trying to sell. If you have to sell your house because of taxes Express Homebuyers will buy your home in as little as 7 days – fast enough to ensure avoiding higher tax rates. If you want to get the process started, then give us a call today at (877) 804-5252, or complete our online form to request an offer!