SELL YOUR HOUSE FAST WHEN FACING FORECLOSURE
Are you about to face foreclosure of your house? Are you finding it difficult to come up with enough funds to pay your monthly payments every month? I believe when it rains it pours, and a mortgage can make things even more stressful. I have seen this happen so many times, and I helped dozens of people in your situation figure out how to get out of these dark days. Read on for ideas of how to sell your house fast when facing foreclosure.
Ask a family member to help out
Talk with a family member that is in a better financial situation than you currently are. Everyone has that rich uncle, right? Well if you do, they could possibly take over your payments and work out an agreement on how you can repay them. Or better yet, maybe they could simply buy the house for you and arrange a payback plan.
Unfortunately, not everyone has great relationships with their families, or they don’t feel comfortable accepting help for a problem this large. I personally would feel a little awkward doing this, and if you are like me then maybe that is something that is out of your comfort zone.
Make your house sellable
If you can’t afford your house anymore then it is probably becoming clear that you need to sell it ASAP. Making your house presentable is the first step you have to take to get that fast sell you are looking for. If something looks nice, and it is more appealing to the human eye then people are drawn to it and it becomes a must-have. Your house would be no exception if you made it look beautiful.
Simply paint the walls, replace that ugly carpet, and dejunk the place to tidy it up. This will make the house appeal to potential buyers and encourage them to make an offer before someone else does. You may even be able to sell your house fast before being faced with foreclosure.
However, if you don’t have the extra money to make these modifications in your house it may not be worth taking that step. According to The Balance, the return rewards may not be worth this, especially if you make repairs that appeal to you, but not necessarily to a buyer. This can cost more than your house could be worth and it will not raise the value of your house for these minor repairs.
Sell on your own - saves money with realtor fees
Selling your house by owner will help you dodge a bullet, and allow you to avoid paying 5-6% commission to a real estate agent. Unfortunately, with every great thing, it's not all rosy, as you will get less cash for the sale. This is because homeowners don’t have enough resources to list their house all over the market like a real estate agent does. Finding a potential buyer can be hard, as a lot of buyers have agents who help find houses for them. It is possible to find a buyer when you list your house for sale by owner, but it may just take longer and your house may potentially go through foreclosure before you are able to sell it.
Sell to Memfixerupper - a cash buyer
If you want to sell your house fast when facing foreclosure then I would recommend finding a cash buyer. Here at Memfixerupper, we buy houses for cash, providing you with freedom from your debt in just a short seven days. There’s no need to wait to find a buyer, make expensive repairs, or foreclose on your house. We will buy your house as-is, allowing you to walk away from your sticky situation. We won’t fall through, and the closing process is very minimal.
If you have any questions, feel free to call us at 901-437-0154 today. We want to make this process as easy as we can and we hope to lift your burden during this stressful time of your life.