Sell My House Quick
Nearly every day people call me and say, "I need to sell my house quick!" My first question is, "Why?" A person who is facing foreclosure or bankruptcy probably needs to sell their house faster than someone who has inherited probate real estate or owns a second home. It is always important to determine how bad things are before I can help someone develop their exit strategy.
If you are thinking, "I need to sell my house quick" I will ask you the same question - Why? Has your lender sent you foreclosure papers? Are you in the midst of a divorce? Are you ready to walk away from your home because you don't know what to do? If so, I might be able to help and encourage you to submit information about your property via the "We Buy Houses" form on this website.
If you are delinquent on your mortgage and have not contacted your lender, you must take action now. Although the government is taking steps to help distressed homeowners, not everyone qualifies for assistance. Some lenders are temporarily postponing foreclosure actions, but this is a temporary fix that won't last for long.
Believe it or not, lenders don't want to take your house back. They are in the business of making money, not managing properties. Besides, foreclosure costs the bank as much as $60,000 and can take up to 18 months to complete. That doesn't count the time the house will sit on the market before they can find a qualified buyer. In today's real estate market, it is not uncommon for a house to sit vacant for two or more years.
One option for homeowners facing foreclosure is a short sale. What this means is the bank agrees to accept less than what is owed on the loan. Banks aren't too eager to approve short sales. However, if homeowners are able to locate a buyer willing to offer a reasonable price, most lenders will jump on the opportunity to take what they can get and be done with it.
Mind you, banks are not going to give the house away. In order to obtain short sale approval, the purchase price must be in line with the amount the bank would make by selling the property through a foreclosure auction.
I am currently buying houses in Southern California and prefer homes valued $300,000 or more. However, don't let that discourage you. I have a large network of real estate investors nationwide that are always looking for good deals. There is no charge to submit your information, so you have nothing to lose and everything to gain.
To get started, click on the "We Buy Houses" tab and submit information about the house you need to sell quick. I'll get in touch with you within 48 hours.
Published on March 01, 2009 at 02:05 AM