Is It Possible to Sell My House With a Tax Lien?

Is It Possible to Sell My House With a Tax Lien?

There comes a time when you may need to sell your home… Every circumstance is different and you might be in a situation where you have no choice but to sell, or you may just want to sell and start over. Regardless of the reason, selling a Killeen house can be hard. There are so many factors that need to be taken into consideration, it is not an easy process. One obstacle you may be facing is the fact that you have a tax lien on your property. Good news is, you are not alone because many homeowners have one. You may be wondering if you can even sell your Killeen house fast. Best part is, yes you can sell your property, even with a tax lien. We are here to help!

What Is a Tax Lien?

Most commonly defined as a legal claim from a state, federal, or a local government that is placed on a property and assets of an individual if they fail to pay their taxes. Basically, if you don’t pay your property taxes then they can seize not only the property, but your assets as well. Tax liens do appear in the public record, and a majority of home buyers shy away from properties that have a tax lien, because they are rather difficult to remove. Depending on the case, even having a foreclosure on the property may not clear the lien. Though dealing with a tax lien and handling it may be difficult, methods are still available that you can use to sell your Killeen home fast

Is it Possible to Pay Off the Lien at Closing?

The most effective way of resolving/removing the lien is to pay it out of pocket, but we understand that you may not have the finances to pay it off right away. If that is the case, you can always talk to your real estate agent and discuss the possibility of wrapping the the cost of the lien into the closing costs. In most cases it is possible to do that however, keep in mind that closing may be delayed because of this.

Can I Dispute the Lien?

Yes, there is a possibility of disputing the lien. You can move forward with the dispute only if you are 100 percent sure that you do not have any outstanding debt with the IRS. Keep in mind that the previous owner of the property never obtained a certificate to lift the lien. But, if you have ever dealt with the IRS you know how difficult it can be. If the IRS believes you owe them money, you will receive multiple correspondence letters via the mail, or constant phone calls. The sheer fact that the only way they communicate with people through these methods, makes it that much more difficult to get in touch with someone.

Talk to the Experts.

There are people you can talk to that specialize in Tax Liens. In the event that your property does have a lien on it, and you don’t know where to turn getting professional help is a good option. Once you consult with an expert, they will be able to negotiate with creditors and entities that place liens on properties. During these negotiations, the tax lien expert will be given options that they will then speak with you about. They will tell you what exactly to say to the IRS, and part of their job is to help you, as their client to get rid of this financial burden. This includes a seasonal payment plans. The experts will also help convince the IRS that you will pay them once your home is sold.

Are There any Other Options?

Yes! You always have the ability to sell to a Killeen cash buyer like We Buy Killeen Houses. As we just talked about, for most real estate agents and homebuyers, a tax lien is a red flag and a serious problem. Because of this, they typically won’t want to deal with the properties that have liens on them. That being said, by selling to a Killeen cash buyer ready to purchase a property immediately and as is you can alleviate this concern. This means that you are not expected to do any types of renovations, repairs, or cleaning.

We Buy Killeen Houses is a real estate investment company that specializes in assisting people in selling their Killeen homes regardless of conditions or challenges that  come with selling a home. We are here to help! If you have a property with a tax lien and are located in the city of Killeen or other surrounding cities please don’t hesitate to give us a call at 254-265-2988 or visit our website. We will provide you with a cash offer, and there are no hidden fees, and no catches. Promise! We are here for you!