Nothing can slow down the house selling process like discovering your property has title issues. This is because most of the time, prospective buyers will stay away from homes with any sort of title problem. If you’re going through some title issues regarding your Lake Nona home, keep on reading! We’ve got tried and tested tips on how to sell a home with title issues in Florida.
The Three Most Common Title Issues
While there are a number of title issues out there, the most common ones homeowners face are:
1. Intentional Bad Acts
This is probably the toughest title issue to resolve because they exist due to intentional bad acts committed by the homeowner. These acts include fraud or forgery. Homeowners who unknowingly purchase a home with a fake or forged title aren’t off the hook either. These types of titles are void under Florida law.
2. Third Party Rights
Sometimes, a buyer may discover that there are other parties interested in the property, such as creditors who hold a lien against the home. While parties that have a lien against the home do not have interest in the home, it can be enough to “cloud” the title.
3. Deed Problems
There are instances when a deed may seem okay at face value but actually have issues beneath it. Previous homeowners can sign a deed with an “unsound mind,” voiding the deed. Or, if the deed was signed with a power of attorney, issues can arise if the power of attorney has been proved to be invalid or defective. A deed problem can even be as simple as a typographical error on the document itself.
How Can I Sell a Florida Property with Title Issues?
If you find that the property you’re planning on selling has a title issue, there are things you can do so you can still sell it.
Contact the Involved Party
If you’re title issue involves other parties, such as the government or a company you owe money to, you can resolve the title issues by addressing the other party’s issue. This may be in the form of paying an amount owed such as for an unpaid service or taxes.
Consult with a Real Estate Attorney
There are certain title issues which are more complex and will require the assistance of a real estate lawyer. Your lawyer will be able to guide you on the right procedure and paperwork needed to clear your title.
Sell to a Professional Home Buyer!
If you’d rather not go through the hassle of fixing your property’s title before selling it, you can always opt to sell your house for cash in Lake Nona, FL to a professional home buyer.
If you want to sell your Lake Nona, FL home for the best price without going through any stress during the process, the best option is to sell directly to Kindred Homes. We buy houses in Lake Nona, FL and are dedicated to helping you reach your real estate goals. We purchase properties very quickly because we use our own money. This makes the sale more secure unlike when you sell to a traditional buyer.
We will provide you with a fair cash offer for your house. And the decision to accept or decline our offer is completely up to you. The best part of our process is that it is absolutely FREE. You are in no way obligated to take our cash offer if it does not align with your expectations. To find out more about our quick selling process in Lake Nona, FL, give us a call today at: (407) 705-3779.
Title issues can be a major roadblock, but it isn’t the end of the world. If you plan on selling your house the traditional way, remember that you’ll need to clear any issues before you can sell this. Depending on the kind of title issue, you may need a few hours or weeks in order to address it. There is no right or wrong way to sell your home with title issues, as any of the three options mentioned above can get you to the same ending. You’ll just need to decide which solution best fits your goals, budget, and timeline.
