Can I sell my House if I owe Back Taxes?
Just because you owe back taxes doesn’t mean that you can’t sell your property. Whether you have an IRS lien on your property, or a lien from a local municipality or some other organization, you do have options and avenues you can take to unload your property. We’re Evervest Home Buyers, a team of St. Louis natives and we have extensive experience in offering options that help St. Louis natives get out from under their tax liens.
How to Sell your House if you owe Back Taxes
A tax lien on your property, either by the IRS or another organization is something that is going to have to be paid. Typically, these liens do extend to the value of your property as well your other financial holdings. So when you have a lien on your house, how do you sell it? Can you sell it? The answer is YES.
First, your going to need to look at the amount of back taxes you owe versus the value of your property. This is going to determine whether selling the house will pay off the taxes in full. In many cases, the IRS or the other municipal organization will require that you factor in your owe taxes when estimating the profit you will make off the sale. If your house is worth more than the taxes, and selling the property will pay off the full amount of the taxes, the sale of your house or property will most likely be allowed.
But if you owe back taxes, you may be on a time limit to avoid further negative actions. Currently, 68 days is the average amount of time that it takes for a house to sell in the traditional real estate market. If you have to sell your house fast, you may not have 68 days to avoid further actions by the IRS. So what can you do, what are your options?
You can sell your house to us, for cash, fast. We’re from St. Louis. We know what families go through when they’re faced with paying massive back taxes bills, and we know how to help them get out of those situations. We’ve helped hundreds of families avoid massive back taxes before, and we can make the same offer to you. Selling your house as-is to our team means that you’ll have the as-is cash value of your property in under 30 days, and in many cases we can close on the sale in as little as 7 days. That’s fast. You’ll be able to pay off all of the taxes owed, and most likely even have several thousand dollars left over to cover other expenses you may have. This is cash, in hand, and quick.
Once you have the cash value of your house, you can use it to pay off the IRS or whoever you owe the back taxes to. You’ll have to fill out a release-of-lien form and have the lien holder also sign off on the lien to show that the debt has indeed been paid. This can help you clear the debt obligations you owe towards the lien, or completely erase them in many cases.
We Buy Houses that have Back Taxes Owed
Regardless of your situation or the amount of taxes you owe, we may still be interested in your property. We make great offers on every house we pursue, and we always pay in all-cash. You’ll never have to worry about whether we qualify for a loan, whether the house is in a poor condition, or even if it passes inspection. We buy all types of properties. If you have any questions about how to sell a house with back taxes owed, the process we use to purchase a house, or what you can expect for your house, give our team a call at 314-730-0366.