Selling in Competition with Foreclosures

Make your home as appealing as possible by going through every room and giving it an objective eye.

How to Sell Your House – North Richland Hills TX: To sell a house these days one must be very creative and willing to do what it takes. Otherwise, patience may be the most desired trait of a home seller. Foreclosures are selling at anywhere from 10 to 60% off of their current market value. The lenders are anxious to sell them because they must recover their money lost when the original homeowner defaulted on the loan. They grab buyers’ attention with discounted price, easy terms, and loans.

A house seller that doesn’t have those options to offer buyers is at a disadvantage in some ways. In other ways, though, a foreclosure can’t compare with a house that has been kept up and where the owners are still able to pay their mortgage. That could mean that the sellers have kept things in good repair, as opposed to the foreclosure homes that usually have many problems that need fixing.

Since the owners left or were evicted for non-payment of their mortgage, it is unlikely in most cases that they were able to regularly inspect and service the furnace, for example. The regular maintenance of your home may be the difference some buyers are going to be looking for.

“There are buyers who want to buy a nice house to live in. Give yours that look and you may just get a good response from your efforts.”

A foreclosure home is usually empty, which means there is no clutter around. Your house should be similarly free of clutter and personal items, but look lived in. The yard and general exterior appearance is most likely unkempt and needs some attention in a foreclosure. No one has been there to care for it and the bank isn’t likely to hire the neighbor to mow the lawn. You will have an advantage there as your lawn will be kept mowed at all times, making it more physically attractive.

Make your home as appealing as possible by going through every room and giving it an objective eye. Put what you don’t need in storage. Pack up your personal photos and framed family documents. Do what you can to freshen up the house and give it a better look than the abandoned, untended foreclosure homes on your block.

There are buyers who want to buy a nice house to live in. Give yours that look and you may just get a good response from your efforts. If you don’t have time to wait on a buyer, call an investor for an offer. This is the best way to make a quick cash sale.

Filed under: House Selling