Sandra, the owner of a property on Pierson St in Phoenix, AZ, found herself in a challenging situation. She was out of state, dealing with an uncooperative ex-husband and her son, both living in the house as squatters.
The property was left in poor condition, with extensive repairs needed to make it livable. Sandra needed a quick sale to relieve herself of the financial and emotional burden. My company stepped in to provide her with a hassle-free solution, allowing her to move forward without further stress.
The Seller's Challenge:
Uncooperative Occupants and a Distressed Property
Sandra’s property was in dire need of rehabilitation—her ex-husband and son, who were living there, had left the house in a bad state. With extensive repairs estimated at between $65,000 and $70,000, Sandra knew she couldn't take on the project herself, especially from out of state.
She also needed to get her ex-husband and son out of the property, which added to the stress and complexity of the situation.
"I was SO relieved when HomeSold Seller Solutions offered a fair CASH deal and figured out how to get my family members moved out without any hassle. They even closed a week early!"
Sandra Tevis
Motivated Homeseller
The vacant property was accumulating costs, and Sandra was overwhelmed. After seeing our marketing, she reached out to us, looking for a fast and fair solution to sell the house as-is and get her family members relocated.
Before the Transformation
These photos showcase the property’s distressed state when we first assessed it. They highlight the extent of disrepair and the challenges Sandra faced in selling the home as-is.
Our Approach:
Quick Action, Fair Offers, and Flexibility
After receiving Sandra’s inquiry, my acquisition manager, Brian, scheduled a property walkthrough to assess the situation. During the walkthrough, he took several photos and made notes of all the deferred maintenance and repair needs.
Despite the condition of the property, we made an initial offer of $65,000, contingent on inspection. We agreed to pay all buyer-side closing costs and purchase the home as-is, with no requests for repairs or credits.
Sandra needed the proceeds to help her ex-husband and son relocate, so we agreed to a 32-day close of escrow. To accommodate her needs, we also arranged for a $3,000 to $5,000 holdback to be kept at title until the property was vacant, ensuring that her family members had the funds they needed for the move-out.
Once everything was agreed upon, my transaction coordinator sent the contracts to the title company to set up escrow, and my disposition manager launched a campaign to find a buyer. I sent an email blast to our preferred buyer list, and due to the discounted price, multiple investors reached out.
In the end, we went with a local rehabber who offered the highest price and had worked with us previously. We structured the transaction as a double escrow flip, ensuring that we could execute the sale smoothly and on schedule.
Step 1.
Discovery call to understand Sandra’s needs and situation
Step 2.
Property walkthrough with acquisition manager and initial offer made
Step 3.
Drafted and executed purchase contracts, contingent on inspection
Step 4.
Arranged for a proceeds holdback to assist with move-out funds
Step 5.
Sent contracts to title company and began escrow process
Step 6.
Marketed property to buyer network, identified local rehabber
Step 7.
Structured double escrow flip and closed transaction
The Agreement That Started It All
Here’s the signed purchase contract between Sandra and our company. This document marked the beginning of a seamless transaction and a path toward resolving her housing challenges.
The Results That Made the Difference
Our initial purchase price agreed upon with Sandra was $65,000. We executed an agreement to sell the property to a local rehab investor for $114,900. This investor was well-prepared to handle the extensive rehab the property required. After completing a full gut renovation, they resold the home for a gross profit of $54,000.
Sandra was extremely relieved that we figured out how to close a week ahead of schedule, and we worked with her to ensure her family members had time to move out without stress. She was able to use part of the proceeds to assist with their relocation. Sandra expressed her gratitude for how smooth and quick the process was, especially given her challenging circumstances.
$65K Cash Offer: Immediate Relief for a Difficult Situation
Sandra received a fair cash offer of $65,000, which helped her resolve pressing family and housing issues.
Early Close: Saving Time and Money
We closed the deal a week early, helping Sandra reduce holding costs and move forward without delay.
Double Close: Maximizing Returns with a Smooth Sale
The property was resold the same day, ensuring maximum returns and a stress-free experience for all parties involved.
A Clear Path to Financial Relief
These closing settlement statements document the sale and resale of the property. They detail the financial resolution for Sandra and the successful proceeds from the same-day transaction.
“Rafael’s team provided a stress-free sale, even from out of state!”
I was out of state and needed to sell a property with extensive repairs and family members who needed to relocate. Rafael and his team arranged a quick close, let my family stay a little longer, and even provided assistance to help them move. I truly appreciated their understanding and would recommend them to anyone.
Top Tips for Selling a Property with Uncooperative Occupants
Selling a property when dealing with uncooperative occupants can be overwhelming, but there are strategies to help make the process smoother. Here are some lessons from Sandra’s case that might help others:
top tips for
sales success
Use Funds from Sale to Assist with Move-Out
Arranging for a holdback from the proceeds can help fund the relocation of occupants, making the process less stressful.
Work with Buyers Who Understand Complicated Situations
Choosing a buyer who has experience dealing with complex family dynamics and distressed properties can ensure a smoother process.
Sell As-Is to Avoid Rehab Costs
Selling a property as-is, without needing to handle costly repairs, can save time and reduce stress.
Big Payoff for Patience and Professionalism
The final proceeds check underscores the rewards of handling challenging properties with care and expertise. It’s a testament to how professionalism and experience lead to significant results in the face of difficult situations.
Lessons Learned: Flexibility and Understanding Are Key
![Lessons Learned Icon [v4]](https://rafaelcarrasquillo.com/storage/2024/12/Lessons-Learned-Icon-v4.png "Lessons Learned Icon [v4]"){kind=icon}
This transaction highlighted the importance of being flexible and understanding the seller's unique needs. By arranging for funds to help Sandra's family move out, and by closing early, we were able to provide a solution that worked for everyone involved.
Another lesson was the importance of having a strong buyer network. When you have multiple qualified buyers ready to step in, it ensures that you can follow through on promises made to sellers, even in challenging situations.
Need a Hassle-Free Sale?
If you’re overwhelmed with managing a property or dealing with complicated family situations, my team and I are here to help. We specialize in handling everything from negotiations to closing, ensuring a smooth and stress-free experience.