Need to Sell Your Home in Indiana?
Simple Solution • Painless Transaction • Peace of Mind
We Buy "As-Is"
Don’t worry about doing anything to your home. We’ll buy it “as-is”.
We Close Fast
Close in 7 days or whenever is convenient for you.
We Pay All Cash
Need cash fast? We’ll pay you the full amount in cash on close.
We value your privacy and would never spam you
Indiana’s real estate market has become quite a formidable opponent. With frequent drops and a significant reduction in property values, many homeowners are finding it difficult to sell. It’s crucial to remember that difficult does not mean impossible. There’s a right way to sell every home, even if it’s been sitting on the market for ages.
NO MATTER YOUR SITUATION WE CAN HELP
Some reasons for selling a home stem purely from want, while others stem from pressing issues that make a sale imperative. Whatever situation you find yourself in, make sure you’re selling your home in compliance with Indiana’s laws.
Death is difficult on our emotions as well as our finances. If a death in the family as led you to sell your home, you’re not alone. In Indiana, sellers aren’t required to disclose to prospective buyers if the death occurred on the property.
Financial distress may qualify you for a short sale via court verified hardship. If your situation is truly no fault of your own and the outlook isn’t good, the court and your lender may allow you to sell your home to avoid a possible foreclosure.
Low property values often lead to bad neighborhoods, and this is certainly the case in Indiana. Homes in cities like Cary, Washington, South Bend, Lafayette and Hammond are difficult to sell. If you can’t pitch them to the traditional market, you can always contact a home investor. They aren’t particularly worried about unsavory neighborhoods.
When you’re so behind on payments that you’re considering the sale of your home, you probably realize that foreclosure is beginning to loom over you. You can still sell a home while it’s in foreclosure, but the process is far more complicated. The best course of action is to sell as soon as you’re sure there’s a slim chance you’ll be able to catch up on your mortgage.
If your job has transferred you to an area outside of a reasonable commute from your home, you’re going to need to move. With your start date right around the corner, it’s better to sell before you pack your bags. Unless your new position is double the pay, it will be difficult to keep up with the mortgage on a house that no one is using.
Run down homes can cost a lot to fix. In states like Indiana that have notoriously low property values, the cost of repairs can sometimes exceed the actual worth of the property. If you’re in a hole that you can’t get out of, you can always sell the home to an investor. Let the repairs become someone else’s problem, and move on to a safer home.
Indiana has some unique eviction laws, and most landlords will be able to skip right over formal eviction and go straight for an order of possession. Make sure you understand the eviction process, and never attempt to remove tenants without court approval.
Fire damage is devastating both emotionally and financially. It’s unsafe to live in a fire damaged home, but it’s exceedingly difficult to find a buyer. If you’re at your wits end, a home investor will most likely purchase a fire damaged home. They’ll deduct the cost of repairs from their offer, and take on the responsibility of the restoration.
Military orders are strict, and they don’t come with a lot of wiggle room. If you need to transfer, you only have a short window of time in which to sell your home. Look for fast buyers who will be willing to purchase the property before you need to move on to your next location.
If you want to move some place that’s warmer in the winter, you’ll need to sell your current home. If you’re looking to beat the calendar and depart before the snow starts falling, you’ll want to sell in a timely manner. Moving is expensive and complicated. You’re better off selling before you go.
Foreclosure in Indiana can be a real nightmare. Since all processes are lengthy and involve the court, you may feel like the walls are closing in on you. Your lender doesn’t want to be stuck in court, either. Speak to your lender about a short sale before the foreclosure is completed. If you play your cards right, you may be able to escape a deficiency judgement.
If you’ve inherited a property outright and it isn’t subject to probate, you can sell it immediately. If you’re a presumed inheritor, you may need to utilize a probate process before you sell. You can either sell the home during this process, or wait until it’s been completed.
If you looked at repair estimates and realized you were in trouble, selling was probably the first option that popped into your head. Hardly anyone is purchasing homes in Indiana, much less homes that need a lot of work. No matter the state of repair of your home, an investor will most likely still be willing to purchase it.
Code violations usually result in a string of very expensive events. If you find out a violation will cost thousands of dollars to undo, you may not be able to foot the bill. If you can’t, you’ll be fined and fined again. Failure to pay these fine can lead to your home becoming condemned. Selling can prevent a string of debt. Home investors will purchase homes with all sorts of code violations, and fix them after the sale.
There are a lot of situations in which a homeowner may need to liquidate assets, and most of them are stressful. Selling quickly can bring a swift conclusion to these matters, allowing you to close the case on your bankruptcy, tax problems, or divorce.
Expired listings are a grim reality for a lot of Indiana homeowners. In an unhealthy market, many houses relist a multitude of times without ever coming close to finding a buyer. If you’re tired of stagnating, you can always explore alternative methods. Home investors, for example, are always willing to buy up properties that are difficult to sell.
CHOOSING THE RIGHT SALES METHOD FOR YOUR HOME
SELLING THROUGH A REALTOR
Indiana’s real estate market has become quite a formidable opponent. With frequent drops and a significant reduction in property values, many homeowners are finding it difficult to sell. It’s crucial to remember that difficult does not mean impossible. There’s a right way to sell every home, even if it’s been sitting on the market for ages.
The median value of all homes in Indiana is $116,700. This encompasses a low average of $47,600 in Gary, and a high of $155,700 in Greenwood. Cities like Muncie, Terre Haute, South Bend, and Fort Wayne generally see values under $100,000. Homeowners can typically expect to hand over somewhere between $3,000 and $9,000 to a real estate agent that charges the standard 6% commission rate.
The real estate market is massively unhealthy in Indiana, scoring among the lowest in the country. It’s one of the only states in which property values continue to drop unpredictably, and it hasn’t recovered much from the recession. Over 18% of listings see price cuts, and that’s if they sell within the typical 83 day listing average. Low property values, an unhealthy market, and long listings have made the real estate climate in Indiana exceedingly rough.
FOR SALE BY OWNER
With home values so low, many homeowners want to save on commission. You can sell your home by owner in Indiana, but you aren’t likely to fare much better. With the average real estate commission sitting at 6%, and most by-owner homes fetching 25% less than what they’re actually worth, this is an unwise decision. You’ll also need to spend the money to stage, advertise, and list the home yourself. This quickly becomes a loss.
A lot of Indiana homeowners have turned to home investors. Low values and the unstable market have deterred many traditional buyers, and homes aren’t selling the way they used to. Investors don’t care about property damage, and you won’t need to stage your home for them. They buy in cash, and they’re open to homes in any condition.
SELLING TO AN INVESTOR
Indiana’s market is very turbulent. Unless your home is extremely desirable and you intend to price it at a slight discount, you probably won’t have much luck listing it on the traditional market. Low value homes in the central of the country are already difficult enough to sell.
The quickest way to sell your home is by utilizing a real estate investor. With home values so low and many properties in less than ideal condition, this is an alternative that a lot of Indiana homeowners are utilizing.
Investors won’t offer full market value for your home, but at least they’re willing to make an offer. If your attempts to sell on the main market haven’t been fruitful, you can almost always find an interested investor.
Investors purchase in cash. You’re expediting much of the sale process by receiving and accepting a cash offer. An investor will let you know right away whether or not they’re interested, and they’re ready to purchase as soon as you’re ready to sell.
SPOTTING SHADY INVESTORS
In such a dreary market, shady investors are bound to pop up. A lot of Indiana homeowners are desperate to finally sell their properties, and predatory real investors know this. They’re looking to turn a quick profit, and they’ll take advantage of your willingness to sell. All offers from an investor will be on the low side, but if something looks too low, it’s time to start asking questions.
Legitimate investors will be able to show you exactly how they prepared their offer. They buy up homes so quickly because they do so at a discount, and they intend to invest a significant amount of money repairing and renovating the home. They’ll be able to tell you what they intend to do with the property, and why the number is what it is.
They’ll explain every piece of paperwork they ever ask you to sign, and they won’t ask you to sign them in private. It doesn’t matter how many questions you ask – they’ll always be willing to answer them. Transparency, great customer testimonials, and a successful track record comprise the hallmark of a legitimate home investment company.
If a company doesn’t fit this criteria, you should approach them with skepticism. Always thoroughly research an investor before you agree to work with them. Investors who try to rush you through the process without providing you with sufficient information may be attempting to bamboozle you.
IN DIFFICULT SITUATIONS IT'S BEST TO KNOW YOUR OPTIONS
Here's a few options for Indiana home owners in these situations
What to Do in Foreclosure
Indiana’s foreclosure laws are intense. Some states allow for nonjudicial foreclosures, but Indiana does not. This means you’re guaranteed to find yourself in a court process that can last up to 150 days. [read more="Read more" less="Read less"]
It’s arduous and expensive.
Your lender is putting out a lot of time and money seeing it through to completion, and they’d like to resolve it as quickly and inexpensively a possible.
You may be able to get your lender to agree to a short sale as a foreclosure alternative. Doing so may actually save your lender money in the long run, and it will save you the long lasting scar of foreclosure on your credit history. The best way to approach the situation is to ask your lender and the courts to grant you a short sale. If you can find a quick cash buyer, such as a home investor, this will help your case.
A lot of the times, lenders will agree to go this route. A home fetches less than full value during a short sale, but the same will happen at auction. Selling the home faster reduces legal fees and manpower for your lender, so this opportunity is just as enticing to them as it is to you.
Indiana does allow deficiency judgements, which is where your lender can come after you for any debt that remains after the sale of your home. If you can sell it quickly enough, your lender may agree to waive their right for a deficiency judgement. If you agree to forego the waiting period, your lender will almost always agree to drop a potential deficiency judgement.[/read]
What to do as a Landlord
If your tenants have been in good standing, you have two options: you can either allow them to run out their lease without renewing it and give them the courtesy of leaving early without penalty if they so choose, or you can give them a 30 day notice to voluntarily vacate. [read more="Read more" less="Read less"]
If you like your tenants, you can always offer to give them their security deposit back and write a statement that details they were great tenants. Allow them to use you as a reference.
For lease violation and nonpayment of rent, Indiana law requires landlords to send a 10 day notice to fix the issue or leave the property. This means paying rent including any applicable late fees, removing unauthorized pets or persons from the home, or the cessation of a mild nuisance. If the tenant doesn’t comply within the ten day period, you can then begin the formal eviction process (or the expedited alternative). In extreme circumstances that involve criminal activity or significant damage to the property, you can expedite this notice and move straight to the court process.
Your notice should detail the exact violations and/or the amount of money due. You can serve it my personally handing it to any adult on the lease, or posting it on the door of the rental home.
Indiana doesn’t necessarily require that tenants be evicted through an eviction action. Instead, landlords can utilize an Action for Immediate Possession. This involves filing an affidavit that contains all relevant details of the situation, and allows the tenant to contest. If terms weren’t met and you haven’t accepted any partial rent payments, you’re granted possession of the property within 48 hours.
For emergency evictions, this process is shortened significantly. The court date will be no less than 48 hours after the emergency possession order is granted. You may also be awarded a restraining order against the tenant that prevents them from returning to the property.
If tenants don’t leave after they’ve been ordered to do so, the tenant can be forcefully removed by law enforcement.[/read]
What to do if you're in Probate
The necessary probate process largely depends on whether or not the decedent left a will. Some wills suggest unsupervised probate, which is often granted due to the stipulation. [read more="Read more" less="Read less"]
Supervised probate may be necessary when there is no will, the will is considered invalid, or the beneficiaries just aren’t getting along.
Unsupervised administration is for estates that can be considered solvent. This means the value of the estate exceeds ay debts placed against it. If no one objects, this is the process you will most likely utilize. During unsupervised administration, you are allowed to sell that property at your own discretion. If you’d like to sell the property during the probate process rather than waiting until its conclusion, you’re free to do that without court approval. The house will simply become a liquid asset within the estate until probate is closed.
Supervised administration is for unique cases. Estates that are burdened by debt, wills that don’t make sense, an absence of clear beneficiaries, and arguments among inheritors will generally result in supervised administration. During this process, you will need to compile a list of the estate’s assets, some of which may need to be formally appraised. If you want to (or need to) sell during supervised probate, you’ll need the court’s approval. If no beneficiaries object to the sale, you’ll sell the home in a way that pleases the court.
Some executors may prefer to sell the home after probate has been concluded, particularly if the home doesn’t need to be liquidated to fulfill any debts. No matter what you do, make sure you discuss all options with the other beneficiaries and keep them in the loop.[/read]
What to do if Home needs repairs
It’s up to you whether or not you fix your property. Your decision should be based on how much money you have to spend, and how quickly you want to sell. If you’re looking to sell fast, you may not be interested in waiting around for repairs to be completed. [read more="Read more" less="Read less"]
If you have the time and money, some repairs are actually worthwhile.
Roofs are of critical importance to buyers. Nobody wants to purchase a home with a bad roof. When it starts snowing and water begins to seep into the structure of the home, it’s easy to understand why. Roof repairs cost, on average, $5,250 in the state of Indiana. If you have the resources and you’re willing to wait, repairing your roof may substantially improve the value of your home.
If your home needs more than just a roof, you’ll have to do the math. If you only have $10,000 and you need $20,000 worth of repairs, it may not be feasible to only tend to half of them. Repairs are often a chain of events. Roof damage usually means water damage, and water damage typically leads to mold damage. If you can’t afford to follow the chain all the way down the rabbit hole, it may be futile to start. Partial repairs are often undone by existing damage that hasn’t been resolved.
You can avoid the whole process by selling your home to someone who is willing to purchase it without the repairs. While the majority of buyers would vastly prefer a home that’s already in great condition, this doesn’t mean it’s impossible to find someone who is willing to rise to the challenge of fixing the home. Home investors are always looking for properties that need work.
The offer they make will deduct the cost of necessary repairs, so you won’t have to lay out any cash. This is a great way to avoid racking up any unnecessary debt, and it allows you to sell the home as soon as you’d like to.[/read]
Working with a legitimate Investor
If you’re on the hunt for a reliable home investor, Home Buyers USA would be happy to step up to the plate. We’re a large team of individuals with numerous years of combined experience working in home investment, and we’ve worked with homeowners under an extensive variety of circumstances. There isn’t a situation that we’ve not yet dealt with.
We know that selling in Indiana’s market can be trying. If you need to sell your home quickly or if you’re just looking to see the light at the end of the tunnel, we’ll be able to help you.
Contact us with information about your property, including any time constraints you may be currently facing, and we’ll be able to prepare an offer for your home. The sooner you contact us, the sooner you’ll sell.
CITIES WE CURRENTLY SERVICE
SELLING MADE SIMPLE
Would you like a fair cash offer on your property?
There's no obligations & it's completely FREE
We value your privacy and would never spam you
Your information is 100% confidential.
ADDRESS
Murrieta, CA 92562
PHONE SUPPORT
866-908-8151
support@homebuyersusa.com