No one ever intends to get behind on their bills. But life happens, and it’s easier than you might realize to find yourself in over your head. If you’re struggling to pay your mortgage right now, you’re not alone! According to federal reserve data, 3.68 percent of mortgages (or one in every 27) are in default.

The threat of foreclosure is, unfortunately, an immediately looming nightmare for many homeowners. It’s easy to feel helpless in the face of the possible loss of the home you’ve worked so hard for, but you have options, including selling your house for cash! Below are five possible paths you can take to stop foreclosure.

1. Repayment Plan

The absolute first thing you want to do if you can’t pay your mortgage is reach out to your lender. The sooner you loop them into the process, the better your chances to stop foreclosure. Communicating with them about the extenuating circumstances of your financial situation will ensure they have all the information they need to work with you on keeping your home.

If you’re already a few months behind on payments, a repayment plan may help you catch up and prevent the initiation of foreclosure proceedings. Obviously, this option will require that you pay more each month than your normal mortgage payment so that you can catch up. If you’re not able to come up with the extra cash, there are other avenues you can explore.

2. Short Sale

If you know that catching up with overdue payments or continuing to make your monthly payments isn’t in the cards, a short sale may be your best bet. In this scenario, you would be selling your home for less than what you owe the lender. If your home has not appreciated in value since you purchased it, it’s likely that you won’t make enough on the sale to pay your mortgage in full.

Depending on the laws where you live, your lender might be able to come after you for the remainder of what you owe after a short sale, so make sure to do your research before going in this direction. You could also ask the lender to agree in writing before the sale to waive any remaining balance so that you’re not on the hook for it.

3. Update Terms

If you are determined to keep your home but simply can’t make your current monthly payment, you may want to discuss restructuring the terms of your loan with the lender. This is an especially good option if your financial situation is short-term or you know there is relief on the horizon (e.g., you’re starting a new job soon, you’re due an inheritance, or you’re selling a second home or other major asset like property, a car, or a boat).

Be aware that redefining your loan terms will almost always come with an extension of your payment timeline. If you were set to pay off your mortgage in 15 years at your original rate, you could be looking at tacking five to 10 years onto that if you adjust your payments down significantly. You will also end up paying more over the life of the loan, due to compounding interest.

4. Deed-in-Lieu

If you simply can’t keep your home anymore, but you’re not able to go through the sale process, you can undertake a deed-in-lieu of foreclosure. This essentially means that you sign the deed to your home over to your lender and walk away.

Much like a short sale, you need to protect yourself from the lender so they can’t come back to you asking for additional cash after they have possession of your home. Get it in writing! Your lender may also have a program that helps with relocation costs for owners who sign over their deeds, so be sure to ask.

5. Sell for Cash

All the options above have pros and cons. But if none of them work for your situation and you want to stop foreclosure, your best bet may be to sell your home to a cash homebuyer. You can satisfy the terms of your loan and walk away without the stain of foreclosure on your credit score. There are no closing costs, listing fees or commissions to consider, and the process is much faster than a traditional sale with a realtor.

We know it can be an overwhelming and upsetting situation when you can’t afford your mortgage. The easiest option for you may be to move on from an ugly situation by selling your home for cash. Meridian Trust purchase homes all over Florida and our experienced staff is ready to make you a cash offer today.

If you are planning to list your Florida home for sale soon (or are currently trying to sell your home), you’ve likely noticed the abundance of advertising out there for cash homebuyers. Whether on TV, in print, or on roadside signs, phrases like “We Buy Homes Fast!” are everywhere these days.

Selling your home can be an emotionally and physically taxing task. There are dozens of decisions to be made at every turn regarding how you handle the sale. So how do you know if the cash homebuyer route is right for you? Just like any other method, there are pros and cons.

The Good

Cash Offer

The most obvious upside of working with a cash homebuyer is that you’ll receive a cash offer for your home. It will be transparent and straightforward.

No waiting to see if the bank will finance your buyer. No need to worry about the possibly harmful effects of an unfairly low appraisal. No going through the hassle of deducting realtor fees and commissions from your final sale price. What you see on the offer sheet is what goes in your pocket!

Ease and Speed

With so few hands in the pot, selling to a cash homebuyer is markedly faster than selling via the traditional real estate route. You won’t have to deal with realtors, banks or lenders, home inspectors, appraisers etc. It’s often just you and the company rep, one-on-one.

Selling via a realtor can take months or even years depending on the condition and location of your home. If you’d prefer to sell your home quickly and be done with it—or you’re in a situation where you absolutely have to sell quickly—cash homebuyers can be a great alternative.

As Is

Before selling on the traditional market, most homeowners will need to do some work to their home. Whether it’s updating rooms that might feel dated to buyers (typically bathrooms and/or kitchens) or repairing damaged items (leaks, electrical or plumbing issues, foundation cracks etc.), a realtor will want the home in tip-top shape to maximize your asking price.

Unfortunately, you often won’t see much return on that investment; you may spend thousands of dollars to update a room, only to see your home sell for under market value. Cash homebuyers, however, aren’t worried about those things. They gladly buy your home as is, saving you money on potentially costly repairs.

The Bad

Value Proposition

Selling to a cash homebuying company is unlikely to net you the full market value of your home. Investors are taking a chance by buying your home as is, and the lack of costs to you (such as commissions and fees) will be factored into their offer.

Remember, too, that you’re being handed cash, oftent days or weeks after your initial contact. That convenience and speed will cost you.

Seller Beware

There are a lot of honest, reputable homebuying companies across the United States. Unfortunately, there are also some very shady ones. The industry is rife with abuse, and if you’re not careful, you could easily be taken for a ride.

Just as you would with any business you’re considering patronizing, do your research! Make sure to investigate the company before turning over any of your information and to read reviews. Look for BBB ratings and positive reviews from real customers.

Keep an eye on your credit score and accounts, and be very wary of any company that requires upfront application fees. Cash homebuyers can be lifesavers—especially if you’re in a bind—but remember first and foremost to protect yourself and your property.

Meridian Trust is Florida’s number one home buyer, with more than 10,000 houses purchased. In most cases, our team can close on your home quickly with no extra fees, no closing costs, and no waiting. To find out more about selling your house for cash to Meridian Trust, contact our team today.

Most of us will contend with financial hardship at some point in our lives. It may be the result of a job loss or layoff, extensive health issues and mounting medical bills, general economic downturn, or one of the myriad other challenges that arise in the course of life. Regardless of how you got there, being in dire straits financially can be an incredibly debilitating experience.

If you own your home but are still making mortgage payments, these moments of financial woe can be especially difficult to navigate. If you’re scraping by every month when the bills come, you may find yourself over a barrel and looking for a way out. There are a few options, including selling your house fast for cash, at your disposal for how to handle a looming mortgage during this time of hardship. 

1. Forbearance

If you find yourself unable to pay your mortgage, it is paramount that you get in touch with your lender right away. Pretending the problem doesn’t exist isn’t going to make it go away! If you speak with them early enough, you will find that they’re much more willing to help you than they will be six months down the road when you’ve gone months without making a payment.

If you know your financial issues are temporary (perhaps you’ll be starting a new job soon, or you’re waiting on a sum of money to come to you through another channel), consider asking for a forbearance. Explain to your lender that you just need a few months to get your affairs in order, and they may give you that grace period and suspend your payments.

2. Refinancing

Maybe you’re not sure how long this financial drought is going to last. In that case, discussing a refinancing of your mortgage with the lender is the next step. If you have good credit and a proven record of being a responsible borrower, your lender should have no problem helping you adjust the terms of your current mortgage arrangement.

If your current loan has a very high interest rate, for instance, refinancing may decrease your payments significantly. Be aware, however, that doing this will extend the life of your loan and—in the end—you will pay more than you originally planned. This option is best for those who are committed to keeping their homes and are okay with spending more time (and more money) in the long run to do so.

3. Loan Modification

Some programs, such as the Home Affordable Modification Program (HAMP), assist people in keeping their homes during times of financial crisis. Not all these government programs are created equal, so make sure to do your homework before considering one as a way out of your situation.

Some programs may appear to offer loan modification but, in fact, provide debt settlement. This means your account will be noted as “settled” (paid for less than originally agreed) which can hurt your credit score.

Additionally, many of the programs have very specific requirements for qualification, meaning that only those homeowners who bought after a certain date or those who owe below a certain amount on their mortgage can participate. There are a small number of people for whom loan modification is a viable option, but it can’t hurt to do some research and see if you’re one of them.

4. Repayment Plans

Much like forbearance, if you speak honestly with your lender about your financial situation and make a good faith effort to repay your debt, they are often willing to work with you. The foreclosure process is tedious and time-consuming for lenders, and most prefer to handle things outside of a courtroom.

If you’ve only fallen behind by a bit, your lender may allow you to make smaller installment payments more frequently to catch up on the past due amount. The sooner you do this, the better, as it will be much harder to convince them that you’re willing and able to pay what you owe if you’ve already amassed months worth of unpaid bills before contacting them.

5. Renting

If your income simply can’t keep up with your mortgage, renting your home may be an ideal way to bridge the gap. If you’re able to rent your home for as much or more than your monthly mortgage payment, you can hold on to your home while you get back on your feet.

You will, of course, need to organize a move (which will likely include downsizing or moving to a less desirable area to save money). You will also be responsible for the upkeep and maintenance of your home while the renters reside there.

In addition, there is always the risk you take as a landlord that your home could be damaged by renters, which will lower its value. You will also still be responsible for paying things like property taxes and homeowners insurance.

6. Selling

If none of the above paths are workable for you, there is always the option to sell your home for cash. If your home is valued at more than what you owe for your mortgage, this can be an easy decision. Selling can help you pay your debt in full and walk away with your good credit intact.

If your home is likely to sell for less than what you owe, however, you would need to work out what is called a “short sale” with your lender. This means they will accept whatever your home sells for as full payment for your debt, regardless of what you actually owe. Keep in mind that doing this will negatively affect your credit, as it will reflect that your account was “settled” rather than “paid in full.”

If you’ve reached the conclusion that you need to sell your home in Florida because you can no longer pay your mortgage, you have options. If you do decide to sell, and you don’t want to deal with months of showings—not to mention extensive realtor fees and commissions—Meridian Trust is here to help. We purchase homes all over Florida, and our team is standing by, ready to help you sell your home quickly and walk away with cash in your pocket.

Home ownership is a life goal for many people. We’re taught from the time we’re young that owning your own home is an achievement and a sign of stability. But sometimes life can deal you a tough hand, putting you in the position of needing to sell your home to stay afloat.

In today’s economy, many people are out of work. Whether you’re the victim of downsizing or company closure, it’s a sad reality that you could lose your source of income overnight and can’t pay the mortgageIf you do, there are a few things to consider before you decide how to move forward:

1. Determine Your Benefits

The first thing you should do after losing your job is head to your local unemployment office. If you qualify for benefits, they could help you string resources together while you look for work. It will likely be significantly less than your previous take-home pay, but something is better than nothing, right?

Many people make the mistake upon losing their job of letting go of their health coverage. While COBRA or buying out-of-pocket coverage can be expensive, you have to consider the expenses you could incur if you become very ill or have a terrible accident during a lapse in coverage.

2. Examine Your Budget

Once you have explored your benefit options and determined what your new income is going to be, it’s time to take a hard look at your budget. Figure out what is non-negotiable and what can be trimmed. You may see, when you examine your finances, that you’re spending more than you realized on things like food and entertainment.

It can be difficult to make spending cuts, especially if you have children, but this is the time for everyone in the family to buckle down and make sacrifices. Even eliminating small things like ordering takeout or going to the movies can help you stretch your money while you hunt for a new full-time gig. 

3. Consider Your Timeline

Unfortunately, no one can predict how long you’ll be out of work. If you do have savings, calculate how long you can safely draw from it without depleting it entirely. You’ll need to do long-term planning and consider any major, unavoidable expenses coming up in the next six to 12 months (homeowner’s insurance, school tuition, taxes, etc.) and how you’ll handle paying for them.

If you don’t have much in the way of savings and the job market in your area is tight, you may find yourself unable to scrape together enough to keep things moving for you and your family while also making mortgage payments. It’s incredibly hard to come to the conclusion that you have to sell your home in order to pay your bills. But if you’re there, realize that you’re not alone.

What Now?

If you think you can budget and hold things together for up to a year, you could go the traditional route and sell your home through a real estate agency. You’ll probably need to do some minor home repairs and deep cleaning. You should also be ready to show your home whenever a buyer wants to see it.

It’s also smart to consider how much profit you need to make from the sale in order to keep your household running, and calculate if you can afford to lose some of the sale price to listing fees and commissions.

You could also choose to handle the sale yourself, if you have the time. But make sure to do your homework on all the necessary paperwork (which will be your responsibility alone) as well as how to handle things like inspections and confirming buyer financing. Don’t get yourself into an even worse situation by taking a big loss because you neglected something important about the sale process.

But what if you don’t have a nest egg to live off of, and you don’t qualify for any benefits? You might be in a very time-sensitive spot and need to sell your house quickly in order to avoid losing everything. In this situation, working with a reputable cash homebuyer company could be the answer.

Here at Meridian Trust, we know that life is unpredictable. Sometimes we have to let go of the things we love in order to preserve our future. We purchase homes all over Florida, and if you need to sell your house after losing your job, we are here to help.

Our knowledgeable experts are ready to take your call and help you sell your home for cash fast so that you can gain some breathing room, some peace of mind, and the flexibility to find a great new job. Give us a call today at 866-381-2591. 

When you hear the words “condemned house,” what do you think of? The first images that come to mind are probably of spooky, dilapidated homes with caved-in roofs and creaky foundations, crawling with overgrown foliage.

You might be surprised, then, to discover that is not always the case. There are plenty of reasons a house might be designated as condemned.

“Condemned” means that a government entity of some stripe has declared the home unfit to live in. This could come as a result of a pattern of housing code violations, visible or immediate safety hazards, or even extended vacancy or continuously disconnected utilities. Your home could even be in perfectly good shape, but if it sits in the path of a proposed government works project, it can be declared condemned and seized by the power of eminent domain.

In cases of eminent domain, the government will make an effort to compensate you for your home. Nevertheless, it’s a good idea to retain a lawyer before accepting any offers just to ensure that you’re being protected and given a fair price for your property. In any other case, though, you will be responsible for either repairing or selling your condemned home yourself if you hope to avoid suffering a total loss on the property.

A Serious Fixer Upper

When you consider what’s before you when trying to overturn a declaration of condemnation, it’s best to be honest with yourself about the true cost. Once you’ve been served a notice of condemnation, you will have a limited amount of time before you must appear at a court hearing to address the cited issues and fight to keep possession of your home.

Often this means investing in major plumbing, electrical, foundation, or roof work. You may also be in need of serious pest control services if the property has been uninhabited for some time and has become a haven for creatures.

You may need to invest in legal counsel to help you through the process, which also won’t come cheap. And don’t forget that while all this is going on, you will still be responsible for paying your property taxes, homeowner’s insurance, and possibly even mortgage payments (if you don’t own your home outright).

Cut Bait

If your home has reached a state of condemnation, there is a good chance it’s because you didn’t have the money to address issues as they arose. They snowballed, creating a situation you couldn’t escape.

Or perhaps you are trying to help a sick or elderly family member whose home has fallen into a state of such disrepair that it is no longer safe for them to live in. These sorts of situations are very difficult—both financially and emotionally—for homeowners, and sometimes the best option is to part ways with the property.

Listing a condemned home on the traditional real estate market is unlikely to do much good. While plenty of people are happy to take on some basic repairs in order to get a good deal on a home, the vast majority of buyers are not interested in or equipped to deal with the work that comes with taking on a condemned home. You’ll also need to consider the added costs of this route, such as realtor commissions and listing fees.

Finding an individual cash buyer could be an option, but if your timeline for handling things is tight, you may not have luck finding the right buyer and the right price before your hearing date arrives. Selling a condemned property is, as you can see, not a walk in the park.

Hope is not lost, though! A cash homebuyer company will have the resources to help you sell your condemned home quickly, so you can put this painful period of your life behind you. If it feels like the right step for you to move on from your condemned property and quickly put cash in your pocket, contact Meridian Trust today. We buy condemned houses all over Florida, and our knowledgeable team is standing by, ready to help.

For someone who has been working since their teens or twenties, retirement is a huge achievement. While this major milestone usually comes with plenty of congratulations, cake, punch, and a parting gift, it also represents a tectonic change in your universe. Everything about your life—down to how you spend your days and where you choose to spend them—is likely to be in flux upon your retirement.

Perhaps you’ve been cooking up grand plans for years about how you plan to spend your retirement, and you can’t wait to dive into them. Or maybe it snuck up on you faster than you expected. Either way, there are a number of reasons why retirement might have you considering the possibility of selling your home.

Should I Stay Or Should I Go?

Home ownership is a precious thing, and it’s probably a big part of why you worked so hard for so many years. But now that you’ve hit retirement, does it make more sense for you to sell your home? Below are just a few of the many reasons that doing so might be beneficial for you.

1. You Need The Money

The sad reality is that many people these days, despite working nearly their entire adult lives, don’t have much saved up for retirement. If you fall into this camp but own your home, selling it might be the best way to shore up your accounts and provide yourself with a sizeable nest egg to live off of. It can be hard to part with a beloved home, but financial security in your post-work years is something you simply can’t put a price tag on.

2. You Want to Downsize

Many people reaching retirement age are still living in the homes they shared with their families. This is especially applicable to those who had children who are now grown.

You may find that the size of your house is simply too much for you (and your spouse/partner, if you have one). Whether that means the utility bills are too high or the demands of cleaning and yard work have become untenable, it’s often a better option for retirees to find a cozier home.

3. You Want to Move

Many retirees find that pulling up stakes and moving to another neighborhood or city is what’s best for them. They may desire closer proximity to siblings or close friends. They may want a closer relationship with their grandchildren, or they may just be excited for a bit of adventure. Whether that means traveling the country in an RV or renting in a city they’ve always loved to visit, cutting ties with their current home allows them to make those big moves.

4. You Need a Place More Your Speed

Perhaps your neighborhood has changed vastly since you purchased your home, and you don’t quite feel comfortable there anymore. There may be very few people your age in the area now, or you may find living alone to be too isolating. You may even be in need of some in-home assistance or care, which can be very costly. In this case, moving into an assisted living facility or retirement community might be just what the doctor ordered.

5. Sell Home For Retirement – You Stand to Make a Profit

The Sunshine State remains one of the most attractive places to live in America, and it’s definitely a seller’s market right now. Depending on the condition and location of your home, you could stand to make a significant profit if you choose to sell.

Whether you have a retirement fund or not, if there is major profit in selling your home, consider it. If you don’t need the money to sustain your post-retirement lifestyle, you could easily use it to boost your savings, build your estate, or treat yourself to something you’ve always wanted. After all, you’ve worked hard and earned it!

If you do decide that selling your home is the right move, you can always go the traditional route with a real estate company. But be prepared for additional out-of-pocket costs such as listing fees and realtor commissions.

You could also handle it yourself by going down the For Sale By Owner path, but you’ll need to ensure that you’re well versed in the ins and outs of real estate and be prepared to handle all the legalities and paperwork on your own.

If you’re not interested in doing a ton of legwork yourself or giving any of your hard-earned money to a third party, selling with a reputable cash homebuyer company could be the perfect fit. If you’re ready to sell your Florida home when you retire, contact Meridian Trust today. Our expert staff is ready to help you get the most for your home so that you can get the most out of your golden years.

Divorce is often a heartbreaking situation for everyone involved. Deciding that you’re ready to dissolve your marriage can be a process fraught with emotion. It can be even more complicated when you have to consider how to divide and/or dispose of shared property. When it comes to handling the next steps for your shared home, there are a number of ways things can play out if you want to sell a house during a divorce.

Negotiate a Buyout

If one spouse wants to stay in the home, they may be prepared to buy the other out in order to do so. This is especially common if the parent planning to be the primary caregiver for the couple’s child(ren) wants to keep them in a place where they feel comfortable or in a neighborhood that ensures they’ll be able to stay in their current school.

Alternately, one spouse may be more attached to the home than the other and not be willing to leave it behind. Maybe you owned the home before your marriage and added your spouse to the mortgage after, so it means less to them. If both parties find this plan amenable and can agree on a fair price, this can be a good option.

Continue to Co-Own

This can be very tricky to navigate, but if you and your soon-to-be ex-spouse are committed to making it work, it is doable. This could go one of two ways: One of you could stay in the home, or you could both leave and then rent the home. Either way, both parties retain their ownership stake and therefore share responsibility for repairs and upkeep, but they will also both benefit equally from any future sale of the home.

If you expect your home to increase in value, and you’d like to wait until that time to sell, this is a great way to do so. It may not work well in particularly contentious divorces, though, as it requires both parties to maintain contact and work as a team as it applies to their shared property.

Sell After Things Are Finalized

Some couples may choose instead to make plans to sell their home after the divorce is finalized and split the profits accordingly. This is a pretty popular choice, and it allows the family time to find two new homes and work out the details of custody and other asset division before putting the house on the market.

The downside here is that divorce proceedings can drag out for quite a while. The traditional real estate process also comes with its fair share of demands and delays, so you may be looking at a year or more of living in a sort of limbo before you can close the book on this chapter of your lives. For some couples, this may prolong the process of emotionally healing from the split and prevent them from being able to move on in a timely fashion.

Sell A House During Divorce

What if none of these options sound great to you? What if your situation demands a faster resolution? Selling your house during the divorce is also an option.

Say you and your spouse both feel you wouldn’t want to stay in the house after the split. If you agree that you also don’t want to wait until the divorce is finalized to cut ties and make a fresh start, selling your home fast for cash can be a great way to handle this difficult task with minimal stress for everyone.

You can go the For Sale By Owner route, but you’ll need to be prepared to do lots of footwork in terms of preparing, photographing, listing, and showing the home, as well as negotiating with potential buyers and processing all the sale paperwork. If that feels like an overwhelming load to handle in the midst of something as draining as divorce, a reputable cash homebuying company could be a perfect fit.

Meridian Trust purchases houses throughout Florida. Our experts can help you get a fair price, in cash, and on your timeline. If you’re going through a divorce and looking to sell your home in Florida, give us a call today so that we can help you sell your house for cash fast and allow your family to move forward.

It’s always an honor to have a loved one trust you enough to bequeath their property to you upon their passing. But honor doesn’t remove the challenges that will come with managing or caring for their home.

Perhaps you’d been renting and, now with this inheritance, you have a home to call your own. But what if you already have a home (and all the financial responsibilities that come along with it)? Or maybe the house is located in a place you don’t care to live, or you’re simply not at a point in your life where you can take on the role of a homeowner?

In this case, selling will most likely be your best option. However, there are a few things you’ll need to consider before you embark on your journey to sell an inherited house in Florida.


Selling a home you inherited in Florida could leave you either holding the bag and owing taxes to the federal government or due a tax deduction on your yearly income. It’s all going to depend on the value of the home, the final selling price, and the timeline of the sale in relation to your relative’s death.

If you want to avoid the tax altogether, you can live in the house for a period of two or more years. Then, any profit you make from its sale after that time will no longer be subject to the capital gains tax. (Note: This exclusion maxes out at $250,000 profit if you’re single and $500,000 profit if you’re married).

Selling the property, though, is considered using it for “investment purposes,” and you will be taxed on any profit you make from the sale. These taxes will be calculated based on the sale price in relation to the “stepped up basis” (full market value) of the home at the time of the sale.

For example, if your loved one purchased their home for $150,000 originally, but it is currently valued at $275,000, then you could sell it immediately upon your inheritance of it for the current market value of $275,000 and pay no capital gains tax. But say you wait a year and sell it for $300,000; you will then owe taxes on that $25,000 profit.

It is therefore in your best interest, if you plan to sell an inherited home, to do so immediately upon taking ownership of it, unless you plan to live there for a few years first. Otherwise, you may get hit with taxes that you can’t afford to pay right now. Regardless of which route you go, make sure you report the sale to the IRS and properly file the sale as a gain or loss on your tax forms to avoid any trouble down the road.  

Preparations to Sell an Inherited House Fast in Florida

To get ready to sell an inherited house in Florida, you’ll need to prepare the property just as you would with any other home you’re trying to sell. Be aware, though, that the added emotional complication of it being the home of someone you loved who has passed on can be very draining and difficult.

Depending on the state of the home, this step can also be very time-intensive. You’ll need to come prepared to make decisions about what to keep and what to donate, sell, or throw away. When sorting your loved one’s belongings, take the opportunity to reminisce and make sure to set aside any treasured items or memorabilia your family would like to have to remember them by.

After this step, an estate sale is a great way to liquidate items your family isn’t interested in keeping. Depending on your available time and budget, you can organize this yourself or hire a company to do it for you. Once the sale is complete, remove any remaining items from the home and sort them for donation or disposal, so you can move on to the final step of preparation: cleaning.

Again, depending on the way your loved one kept their home, this step could require a straightforward tidying up or a deep clean. You want the home to be at its best before you entertain offers from potential buyers, so if the scope of the mess is beyond your capacity to remediate, you may want to bring in backup in the form of your family or even hire a company to do a deep cleaning.

As you can see, you have a bit of work on your plate if you’re looking to sell an inherited home in Florida. But it doesn’t have to drag out forever! Once you’ve made up your mind to sell and taken the steps necessary to empty and prepare the home, move forward and unload it quickly to avoid getting hit with a major tax burden.

Meridian Trust purchases homes all over Florida, and we’re ready and waiting to help you sell an inherited house. Contact us today, so we can get the ball rolling and help you sell your inherited house in Florida for cash now!


Blue For Sale Sign

Selling a home is always a major undertaking. It can feel a lot more daunting when your house lacks what real estate agents call “curb appeal” or is, in simple terminology, ugly. The hard truth remains that it’s an uphill battle to get a good asking price to sell an ugly house fast in Florida. 

Hope is not lost, though! There are a few things you can do to situate your ugly house in a slightly better light before trying to sell it.

1. Put Your Best Foot Forward

Sure, your home may not look brand-new, but it likely has some redeemable characteristics. Older homes can fall into disrepair on the outside but often have what architects call “good bones” (a strong and attractive structure that, with work, could be restored).

Many buyers appreciate these old homes due to the retention of original interior details such as antique fixtures, woodwork, floors, and staircases. If your home has any of those features, they could be a major bonus.

What if your house isn’t a historic gem? Perhaps it’s in that sad middle-ground—too modern to be “classic” but just old enough to not feel “new.” It might be dated by things like old appliances, worn-out carpet, and faded wallpaper.

On the other hand, perhaps it’s located in a neighborhood that’s highly desirable. Carpet can be replaced and wallpaper removed, but finding an affordably priced home in the hottest neighborhood in town? Now that’s a selling point!

When photographing your property or showing it to potential buyers, focus on the strongest positives of your home. You can’t totally ignore the major aesthetic issues at play, but you can put them in perspective by showcasing and emphasizing the treasures lurking behind that lackluster facade.

2. The Price Is Right

It can be hard to swallow the reality that you’ll have to sell your home for less money than you’d like. If you invested a lot of money in the home upfront, this could sting even more. Be honest with yourself when setting an asking price for what most would consider an ugly home.

If you overprice it, you’re almost guaranteed to watch it sit for months and months with no interest. Very few buyers will take on a major fixer-upper if it comes with a hefty price tag. Anyone willing to buy ugly property will expect to get a good deal on it.

That doesn’t mean you have to give your house away, however. Research what comparably sized homes are selling for in your area, and adjust the numbers accordingly based on the level of deterioration or outdatedness of your home. Don’t make the mistake of pricing yourself out of the game entirely by refusing to accept that your home isn’t the most desirable piece of real estate.  

3. Cash Is King To Sell an Ugly House

When trying to unload an ugly home, going through traditional real estate channels doesn’t always make sense. An agent can’t do much to increase the attractiveness of your home, and you’ll likely fork over a good chunk of what little profit you make on the sale to cover fees and commissions.

Targeting buyers who are willing to pay cash is a much smarter route. Find a young couple just starting out that’s willing to handle repairs and upgrades in exchange for a bargain. Or seek out a seasoned professional who enjoys rehabbing and flipping houses that need a lot of work.

What if you don’t have the time or patience to hunt for the perfect individual cash buyer? A cash homebuyer like Meridian Trust might be a perfect fit for you to sell an ugly house fast. We gladly buy ugly houses in Florida and can get you a fair price, in cash, on your timeline. Contact Meridian Trust today so we can help you sell your ugly home.

People love a fixer-upper, right? There are plenty of buyers on the market willing to tackle some minor cosmetic repairs in order to make a home their own—especially if the price is right. But there’s a significant difference between a property that needs some work and one that qualifies as distressed.If you want to sell distressed property in Florida or have a home that realtors would consider an “extreme fixer-upper,” you are likely to have serious difficulties trying to sell it on the traditional market. In this case, it might make the most sense to sell your home for cash.

It’s not only the condition of your home that can put you at a disadvantage when selling through traditional channels, though. Here are a few things to consider when evaluating whether your property might be designated as distressed.

1. Major Structural Issues or Needed Repairs

This one is a given. If you have serious structural issues with vital parts of your home such as the foundation or the roof, those will be serious issues for a buyer—especially if you don’t have the cash on hand to fix it before putting your home on the market. Any problem that affects the structural integrity of your home like that is going to reduce its worth drastically.

Maybe those structural aspects are sound, but you have major water damage, or your home needs extensive plumbing or electrical work. Unless you’re prepared to undertake that yourself or find a reputable contractor and pay for their services, any potential buyer will want a considerable discount on the purchase price if they’ll have to take such a large (and expensive) project on themselves.

2. High Crime

If your home is located in an area that has especially high crime rates, you’ll be hard pressed to find a buyer on the traditional market. It can be very frustrating, as this element is completely out of your control as a homeowner. But you can’t expect to find eager buyers for a home situated in an area where robbery, theft, carjackings etc. are commonplace occurrences.

Your neighborhood may have been a safe, lovely, family-oriented part of town when you bought your home, but things change, and unfortunately, criminal elements can take over an entire area with startling speed. If you’re looking to sell your home because of increasing crime in the area, nobody blames you! But that also means you’ll have an uphill battle on your hands to find a willing buyer.

3. Undesirable Neighborhood

Maybe your neighborhood isn’t necessarily a high-crime area, but it has other quirks that make it a less-than-ideal place to live. If the area around your home is especially loud, for instance, buyers may be less willing to pay a good asking price for your property. Nobody wants to live next to an airport or a freeway, after all.

Alternately, maybe it’s a largely quiet area, but it’s famous for its snarling traffic jams, or its location may be inaccessible to the rest of the city. Perhaps it offers limited parking. These little things can add up for potential buyers, making your home a less desirable option than those located in other neighborhoods without these pesky inconveniences.

4. Pending Foreclosure

If you’re over a barrel and staring down a foreclosure, you’re on the clock. Time is of the essence, and selling your home quickly before the lender takes possession of it naturally puts you in a stressful situation.

Your home might be in great shape and in a great neighborhood. But if you owe months of back payments on your mortgage, you may not have the time and money necessary to sell it through traditional real estate channels. You need to sell now and pay back what you owe before your credit—and, by extension, your future—suffer a major hit.

Does your Florida home qualify as a distressed property? Do you want to sell distressed property in Florida? Do you anticipate having serious issues selling it for a fair price and in a timely fashion through traditional real estate channels? You have another option! Meridian Trust happily works with owners of distressed properties. Give us a call today so we can help you quickly sell your distressed property for cash in Florida.