When you find yourself stuck in debts and are falling back on your payments, converting your assets into cash is an ideal way to handle the situation. In many situations this is the only way out if you want to avoid foreclosure. So, let us see how can you sell your house fast and get rid of all your financial troubles.
Your selling options
List your property with a realtor: This is the most traditional way of selling a property. However, if you are on a deadline this method won’t really work for you. When you want to sell your house San Diego through a realtor, it might take weeks or even months, before you get a good offer. Also, since a third party – real estate agent, is involved, you will have to bear their commission expenses.
Try selling your house on your own: You can go through this method and try saving the commission amount. Nevertheless, this method is far from what one can describe as fast selling option. You will end up doing all the work like advertising your property, making repairs, showing your place to interested buyers, talking and negotiating with them, etc.
Open House: Advertise an open house in your local newspaper. Schedule a comfortable time and make sure your house looks presentable. Distribute flyers in your open house with pictures and description of your property as well as your contact info. Allow people to checkout your home on their own and don’t give them a tour unless needed. In the end, ask all the people who visited if they have any queries.
Cash property buyers: This is a new concept in the world of real estate industry. There are individuals and firms who are looking forward to invest their money into property and can offer you an all cash deal. These buyers buy your house in as is condition and even in some cases pay closing fees on your behalf. Well, they do offer you a little lesser price than what you get in the market, but they close the deal much faster – in about 7 to 10 days.
Besides, there are no middle men involved in this type of a deal, so you need not worry about any commission. They even offer you all the help you need to go through the process quickly and effortlessly. In simple words, this is one of the best methods you can adopt to sell your house fast.
Short Sales: If you are way behind in payments, like 2 months or more, your lender might allow you to sell your property at a discounted price. In a short sale, you actually sell your house at an amount less than your remaining loan. However, you have to convince your lender for the same and only with his/her consent you can go ahead with this option.
Selling a house is not an easy task and that too selling it quickly is certainly not. However, exploring all the options and taking the right decision as per your situation might help you get over with it quickly. Consult your attorney and discuss all your available options, before making any decision hastily.