Why work with Accountants Buy Property?
Best all-cash offers.
Our Certified Public Accountants are real estate industry specialists. Using a variety of data points for your specific property, we calculate the maximum fair market value offer. All cash offers make the closing process a breeze and have you walking away with your money in as little as seven days.
Plan your tax future.
What are you going to do with your cash once your property is officially sold? The answer to this question will determine how much in tax you may or may not have to pay on the sale. At the seller’s request, our CPAs work closely with sellers to understand their motivation for selling and financial position in order to craft a custom tax strategy.
Best in class seller service.
Never sold a property before? No problem! Working with Accountants Buy Property makes the process a breeze - from getting an offer, to signing a deal to walking away with your money. We are here to assist you in every step of the way to make the transaction as smooth and quick as possible - with maximum profit to you.
Most Common Sales Scenarios
What happens once you get the cash for your property? Here are some of the most common outcomes we’ve seen:
Purchasing Another Home
Many of our sellers use the proceeds from their sale to finance another home, typically in another state. One of the top questions we get from sellers is whether they have to pay tax on the sale of their first home. We work closely with our sellers to explain whether they are going to see a bill from the sale if they buy another home.
Investing The Proceeds
If you sell your property to us for an all cash offer and decide to invest some or all of the proceeds, what are the tax implications? For sellers that are interested in letting their money work for them, we help them setup the best strategy for tax deferred investments, typically into other real estate.
Paying Down The Mortgage
Many sellers are in a pre-foreclosure situation, in which the fair market value of the home may not be enough to pay down the mortgage they owe to a creditor. With an all cash offer, we can typically help our sellers in negotiating a short sale with their bank. Basically, having cash in hand gives us the leverage we need in a negotiation to lower the debt.
Improving Your Current Home
Putting in a new kitchen, redoing the basement - one of the most common uses of cash proceeds include making improvements to a current residence. One of the most common tax questions we help sellers sort out is what the tax implications are of spending your money on these types of activities.
Who Gets What?
If the property that was sold has more than one individual on the title or was bequeathed, sellers often wonder what the breakout will be in terms of gains and losses. Often we see scenarios in which one individual receives all of the proceeds, however, it does not mean that they have exclusive ownership of tax benefits.
Business Owned Property
Tax implications can get even more complicated when a property is owned by a corporation or LLC. These instances usually require carefully crafted tax strategies as the implications tend to be rather large. If your property is business owned, that is definitely something to mention to us as we can help you develop a specific tax strategy.
What types of properties do you buy?
Foreclosure.
Going through the foreclosure process can be scary and unsettling. Our real estate expert tax accountants can help you get out from any outstanding mortgage with an all cash offer for your property.
Divorce.
Splitting a property with your ex-spouse is a complicated endeavor. Let our real estate experts quickly turn your property into cash.
Inheritance.
If you’ve inherited a property, particularly one you don’t live in or have to travel to get to, a cash offer will probably come in handy. As a bonus, our tax experts can advise on the tax implications of the inheritance.
For sale by owner.
Living out of state from a property you own? Tired of being a landlord? Let us make an all cash offer on your home so you can quickly move on to bigger and better things.
Expensive rehab needed.
If your property needs a new roof or plumbing system, performing the work may not be worth the headache. Let us take the property off your hands quickly with an all cash offer.
Big tax bill.
If there is a big tax bill on your property or you can no longer afford ever increasing property taxes, an all cash offer for your home may alleviate you of having to continue to pay a big bill.
FAQs
Does my property have to be in good shape?
Absolutely not! We are willing to make a cash offer on properties regardless of current condition. This could mean major repairs, payment of liens and back-taxes or negotiating with a bank to which a mortgage is owed.
My home will be foreclosed at the end of the month - how quickly can I get an offer?
Offers are typically turned around in a very fast time frame of a couple of days. If you agree to our offer and our evaluation matches your description of the property, you will have cash in hand in as little as 10 days. Each situation will be different so we want to be conscience of your timeline when making an offer.
How do you determine the value of the cash offer?
Our real estate experts utilize a variety of factors including your neighborhood’s historical real estate costs, specific additions/improvements you’ve made to the property as well as the current condition. Offers are driven by data analytics compiled by our real estate experts.
Are there any fees or obligations for getting a quote?
Zilch, none, nada. Contact us to open a dialogue of your unique situation. We will offer you an all cash purchase price based on our real estate expertise in the property’s location. If you like our offer, you walk away at closing with exactly the amount offered.
I have questions about the tax implications of selling my home - how can you help me?
When you do business with Accountants Buy Property, you are leveraging the collective experience of our real estate tax experts. We will advise you on how to best limit your tax exposure as a result of the sale. Every situation is different - we craft a unique strategy just for you.
Do I have any obligation once the sale is completed?
Absolutely none! Once the closing is official, you can walk away with the money in your pocket and move on with your life. If you have used us as a tax planning resource, we will reach out to you during tax season to go into more detail about your filing.
What People Are Saying
“Over the years, my roof began to fall apart and I didn’t notice it until it was too late. When I got a quote from a contractor, I was going to need $25k out of pocket to fix it, which I couldn’t afford. Accountants Buy Property gave me a quick cash closing which I used for a down payment on another property.”
— Shaun N.
“My husband and I both lost our jobs and the bank had my home auction set for the end of the month. Luckily, Accountants Buy Property helped negotiate a short sale with the bank to get me out from debt and start a new life. They also explained all of the tax implications which was a huge help.”
— Melissa A.
“When my father passed, he left behind several rental properties which neither I nor my siblings wanted to manage. Accountants Buy Property purchased all three of them for cash and helped my siblings and I divide the money. They helped us file our taxes that year as well and showed us where to save money on the deal.”