Thinking of the phrase, sell my home can make some people cringe. If you are one of those people, help is on the way. Selling your home isn’t always easy. You may not even want to sell your home, but due to unforeseen difficulties such as being behind on your payments, it has become necessary. If you’ve made the decision to sell, the sell my home phrase isn’t anything for which you should be afraid.
If you are behind on your payments and keep hoping a miracle will happen so you won’t go into foreclosure and ruin your credit, a real estate investor may be the miracle you are looking for. A real estate investor can buy your home using the short sale method. Never heard of a short sale? A short sale is the process of selling a home for less than the bank is owed. A good real estate investor will be successful in the short sale about 90% of the time.
Why would a bank accept a short sale? A bank will generally accept a short sale because letting a house foreclose is a costly alternative for them, plus they will usually make about 20 percent more by accepting a short sale than letting a house foreclose.
What would the real estate investor net from the short sale? Usually, an investor will be able to buy a house through a short sale for about 10-20 percent less than market value.
Will you, as the seller, be able to make any money from the short sale? Unfortunately, when the bank allows a short sale and there is a deficit in what the mortgage balance is and what the bank accepts for the short sale, the seller does not receive any cash. If your state is a deficiency state, you as the seller may also be responsible for the difference between what is owed by you on the mortgage and what the bank received from the short sale.
The upside to selling your home to a real estate investor using the short sale method is that if it is successful you won’t have a foreclosure on your credit record. Your late payments will still be on your credit report, but they have less impact than a foreclosure does.
There are many other reasons why selling your home through a real estate investor can alleviate your apprehension when you think of the phrase sell my home. If you need cash in a hurry and your home has equity, a real estate investor can close on your home quickly and you can walk away with the cash you need in about 10 days.
If you have more than one mortgage payment and can’t afford both, selling one of your homes to a real estate investor can give you fast relief.
If you are tired of being a landlord and all the problems involved, selling your properties to a real estate investor not only relieves you of the hassle but also puts money in your pocket.
Has your family grown and you need to buy a larger home but can’t afford to buy another home until your current home is sold, a real estate investor can buy your current home in about 10 days. If you have equity, you can quickly walk away and buy the larger home you need.
There are numerous reasons you may have to sell your home. Don’t be worried about the term sell my home any longer. Call us today and move on with your plans.