“When you sell the house quickly you will reduce the amount you must spend on insurance, taxes, repairs, maintenance, lawn care, utilities, and other expenses”
We Buy Houses Fast – Fort Worth TX: When you decide to sell your home due to any situation that warrants it, you can make your life much easier by selling quickly. The less time you have to care for a house you no longer want or need while it is on the market, the more profit you will receive when it is sold.
It’s reasonable to think that you could receive approximately 80% of the current market value by selling to an investor. That will depend on what you still owe on your mortgage and other factors. Make a list of everything you owe on your house including the first mortgage and any additional mortgages you owe. List any liens that might exist on the property and other encumbrances that would need to be paid off when you sell.
If you are in foreclosure, an investor may be able to help you by buying the house for slightly less than what you owe the bank. That’s known as a short sale. You may not get any equity from the house when you sell and move out, but you won’t owe anything more on the mortgage either. If you have been in financial distress, that could be very good news for you. It’s not every day a person gets a chance at a fresh start.
If you are in foreclosure, an investor may be able to help you by buying the house for slightly less than what you owe the bank.
The amount that will be required to fix your house up if you have been unable to make repairs will figure into the offer the investor can make. Although it will reduce the amount you’ll get for the house, you won’t need to spend time or money making needed repairs or remodeling projects as you would if you were selling on the traditional real estate market. When you sell through a realtor, you will be advised that certain things need to be done in order to make your house desirable in today’s very competitive market.
When you sell the house quickly you will reduce the amount you must spend on insurance, taxes, repairs, maintenance, lawn care, utilities, and other expenses that belong to you as long as you still own the house. Remember, too, that your mortgage payments must still be made while you are trying to sell the house. If it takes the currently typical year or two to get the house sold, this can cost you quite a bit. Sell to an investor and it will all be over in about a week.
Filed under: House Selling