Sell Your House Quickly
In order to sell your house fast in this real estate market, we have put together the best tips and methods available to sell your house.
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Sell My House and Avoid Foreclosure
Posted on July 13th, 2009 No commentsHow to sell your house and avoid foreclosure
In this real estate market, buyers are looking to buy houses at good prices. This is a great time to sell if you have enough equity in your house. You can set a low asking price and get a buyer within a few weeks. If you are facing foreclosure due to a drop in income, this may be a great way to sell your house and avoid foreclosure.
If you do not have enough equity in your house, you may consider a short sale. A short sale is when you sell your house for less than you owe to avoid foreclosure. In this situation, the bank will need to approve the sale amount. A experienced short sale Realtor or short sale investor can guide you through this process.
Short sales are becoming a very common way for homeowners to avoid foreclosure and help salvage their credit. A short sale is much better than a foreclosure on your credit and may allow you to buy another home in a few years. In addition to saving your credit, you are selling your house instead of letting the bank take it away from you. It’s a win win situation.
If you are considering a short sale, due your research. There are a number of realtors that claim to be short sale specialists. Make sure to check their references and ask how many short sale transactions they have completed. An experienced real estate investor is able to make an offer on your house and get the short sale process started much sooner than listing your house with a realtor.
If you’re not sure which route is best for you, contact local real estate agents or we buy houses people and get the facts.
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Can I sell my house to stop foreclosure?
Posted on June 8th, 2009 No commentsIf you are looking to sell your house to stop foreclosure there are a few steps you will need to take.
1. Determine how much you owe to the bank? This will include late fees and back payments plus lawyers fees. You can request a payoff amount from your lender that will include all of these fees plus the balance that you owe on your mortgage.
2. Find out how much you can sell your house for. Talk to a local real estate agent or visit online resources such as zillow.com to determine the market value for your house.
3. If you owe less than your house is worth, you may be able to sell your house to stop foreclosure by listing your house with a real estate agent or trying to sell your house by owner. Also you could contact a we buy houses investor in your area to get a cash offer within a few days.
4. If you owe more than your house is worth, you will need to attempt a short sale. A short sale is when you sell your house for less than is owed to the bank. In this case, the bank will need to approve any purchase contracts because they will be losing money in the transaction. Banks will only accept a short sale if they feel they are going to save money by accepting a short sale instead of completing the foreclosure process.
To sell your house fast and stop the foreclosure, contact a local realtor or investor in your area. In Arizona, contact your local Arizona short sale experts or Arizona short sale realtors to discuss your foreclosure options.