Can you sell a house with squatters? You’ll find the process overwhelming, but when you search “sell my house fast in Detroit,” you won’t find a better partner than Wise Property Buyers. We make selling with squatters easy when you take advantage of our hassle-free process.
Why Squatters Pose a Problem for Selling a Home
Any person occupying your home without permission or legal right qualifies as a squatter. Squatters are not the same thing as renters behind on payments.
You’ll often find them in second or vacation houses where the owner doesn’t occupy the home year-round. Some areas have legal protection and property ownership rights for squatters, which can make removing them difficult.
You’ll have trouble selling a home with squatters. The biggest challenge involves the legal obstacles they pose, which buyers won’t want to deal with. However, they can also cause serious damage to a home, requiring expensive repairs.
Did you complete the eviction process for squatters? You’ll still need to follow legal disclosure requirements and let any interested party know they once inhabited the property.
Consider Hiring an Attorney and Completing the Legal Process
What are your options for an occupied property sale? You could consider the arduous process of attempting the eviction with the help of an attorney.
At best, the process may take a few weeks. During this time, you’ll keep paying your mortgage, maintenance, and utilities, in addition to any legal fees.
This is a viable solution if you have ample resources and view it as a matter of pride or reputation. However, without ample equity in the home, you’ll lose money on the sale.
Work With a Specialized Real Estate Agent
Some real estate agents specialize in selling occupied or otherwise difficult homes. They can help frame the house in a way that doesn’t put off potential buyers or help them focus more on the positive aspects of the property. Sometimes, they can find a buyer who may reach a rental agreement with the squatter.
Remember that this traditional way of selling a home comes with added costs. Factor in additional costs to determine whether you have enough equity to avoid a loss.
For example, you’ll need closing costs equal to about 6% of the total sale price. You’ll also need inspection fees and a real estate agent commission, averaging between 5% and 6%.
Partner With a Reputable Cash Buyer
If you find the right cash home buyers, you can discover a fast solution that doesn’t require any extra money. You need a company that acts like a partner with a strong reputation for providing fair cash offers. Confirm that they don’t require you to pay closing costs or make repairs.
Start the Easy Home Selling Process Today
Can you sell a house with squatters? Yes, and Wise Property Buyers make the entire process fast and easy. Whether you’re selling a house as-is or have issues with the title, we’re not scared to help.
Receive an offer in just 24 hours by calling (313) 513-8824.