Fast Cash Hampton VA
- October 9, 2020
- 7 Comments
Hampton is an independent city in the Commonwealth of Virginia. This area, known as “America’s First Region”, also includes the independent cities of Chesapeake, Virginia Beach, Newport News, Norfolk, Portsmouth, and Suffolk, as well as other smaller cities, counties, and towns of Hampton Roads.
Some people think it is impossible to sell a house fast, but the process doesn’t have to be. In fact, we are experts at making it as simple and transparent as possible. No two homeowners are exactly alike and we make every effort to understand your unique situation and tailor our offer accordingly. Whether the house needs costly repairs that you don’t want to undertake, you’ve received orders to transfer out of the area, you’ve inherited a house that you don’t need, you don’t want deal with agents or any other reason, we want to help you out.
We Buy Houses Hampton Roads (855) 793-2377
Maybe you’ve heard about We Buy Ugly Houses or probably have seen their ad signs on the side road, billboards, or on trucks of a cartoon caveman that shows their contact info. These companies promise to buy homes for sale fast whether it’s in gross disrepair or in perfect condition. Yes, in any kind of condition even with structural issues! Though it looks promising, home sellers should be aware of the drawbacks and risks associated with these cash home buyer companies.
If you need to sell a house fast, you might want to consider using a company that buys properties for cash. You won’t make as much money as you could by listing your home with a top licensed real estate agent, but with a “we buy houses for cash” company, you can sell an unwanted property quickly and conveniently, without the need to schedule repairs, host open houses, or pay closing costs.
If you want to avoid needless repairs, listing & staging costs, and closing costs, then follow our three-step process for a fast cash offer.
1. Contact a Local Cash Home Buyer
We are local investors that live in the Hampton area. Simply call us, and we can schedule a quick visit to your property. Tell us the details of your property and let us assess your house.
2. Get a Fast Cash Offer
If we decide to buy your property, we’ll make a cash offer. Although we pay 100 percent of the market value of your home or your asking price, we will make you a fair offer. Plus, you receive cash for your home without all the hassle.
3. Schedule Your Closing Date
If you accept our offer, then we schedule a closing date. You can have cash in your hands in as little as three days after closing. Plus, we pay all the closing costs! Selling your house for cash has never been easier.
Do You Have to Pay Taxes After Selling Your Dallas Home
In most cases, you will be exempt from paying taxes on a home you bought, paid for, and lived in for a few years. Most home sellers do not even need to report a home sale to the IRS.
However, the most accurate answer comes down to how long you owned the home and whether you lived in the property before you sold it, as well as how much profit you made from the sale.
This rule is based on the Tax Relief Act of 1997, which stipulates as follows:
>If you bought and lived in the property for two of the five years before you decided to sell, then up to $250,000 of that profit is tax-exempt, meaning you don’t have to pay taxes.
>For married couples filing a joint return, the tax-exempt amount increases to $500,000.
There are some further rules to this law, however.
>While the law exempts you from this profit for taxable income, you can’t take a deduction if you sold your home at a loss.
>It’s possible to use this exclusion any time that you sell a primary residence, so long as it was yours and you lived in it for 2 out of 5 years before the sale.
>You can’t use the exclusion on another home if you previously used the exclusion in the past 2 years.
>If your profit exceeds $250,000 as a single filer or $500,000 as a married couple, then the excess must be reported as a capital gain via a Schedule D on your taxes.
The Hidden Costs Of Waiting To Sell Your House
Many people don’t consider the hidden costs of holding on to a property.
Extra months of mortgage payments, utilities, maintenance costs, and other fees could quickly add up. By selling at a slight discount, you could potentially end up with a larger sum in the long run.
By selling your home to a real estate investor, you’re saving yourself possible months of headache, and you can quickly move on to your new home. You’ll avoid expensive fees, closing costs, and investors will purchase your home as-is, assuming the costs of repairs that you’d have to pay if you were selling via more traditional means.
The Bottom Line
Home sellers would do well to repair their homes before their sell. But you don’t have to break the bank or break down every wall in your home to help you sell.
It’s difficult to imagine investing thousands of dollars or your precious time on house renovations that will not help you sell fast, let alone be reflected on the property’s value.
The sad truth is that home improvement is often a gamble, and many won’t come close to helping you sell fast or get a high price.
Fortunately, there is a simple solution for determining which renovations to undertake and which to skip – don’t repair!