Friday, October 13, 2017

How To Sell Your House Without Enough Equity

Most people know that in traditional real estate sales, the seller pays for most of the costs associated with the transaction. Typical costs include the real estate commissions for both the buyer’s and seller’s agents, title insurance, escrow fees, real estate taxes, and often even fees for the buyer’s new loan.

In most cases, these costs can be about 10% - or more of the negotiated selling price. In today’s economy, money is tight for everyone. Particularly with FHA buyers, an additional 3% can be negotiated and come out of your sales proceeds.

This means that for every $100,000 in the selling price, between $10,000 and $13,000 will be taken out of your proceeds at the closing table! 

Do you feel so underwater that you are expecting
marine animals to visit you?

Imagine what you could do with that money– and more – depending on what price your house can sell. It’s crazy to give it to some rich agent just for showing your house a couple of times to a few people!

And this doesn’t include any repair or renovation costs a seller must pay for just to get the house onto the market! These days buyers are very fussy in the competitive market. They want move-in ready houses that are modern, well-maintained and clean.

No wonder many sellers simply cannot afford to sell under these conditions. If you’ve bought your home with 100% financing in the last 5 to 10 years you most likely don’t have enough equity to cover these costs. And even if you’ve put up a 5% or 10% down payment, you may still be under water ” due to the flat markets and no appreciation.

We don’t need you to pay your closing costs. We don’t care what shape your house is in. No need to renovate, repair or clean!

That’s why we are the best option for you. We have a variety of solutions for many different distressed seller situations – we likely have a solution that will work well for you!

If your property meets our buying criteria, we can buy your home even if you cannot afford to pay for the cost of selling, and we will even cover any closing costs for you. In some cases, we may even be able to help you with some additional moving money!

So, before you go through all the time, stress, work and expense to list your house with an agent – or worse yet, try to sell your house by yourself as a For Sale By Owner – contact us for more information!

If selling just before the holiday season isn't something you wish to consider right now, we can help.

If you have come to the realization that it is time to move right now to have a better life, but your house isn’t ready for market and you can't afford the expense to get it ready, we can help.

If you are juggling too many responsibilities to sell your house yourself this fall, then there are people who specialize in the sale of properties "as is" - usually within a week to resolve the situation quickly. We have a team of professionals able to assist you immediately.

Contact us for details.

Turn Your House To $OLD!